C. G. HUSSEY, Chairman. JAS. W. BROWN, Sec'y and Treas.
HUSSEY, HOWE & CO., Limited,
MANUFACTUEERS OF
CAST-STEEL,
BY CRUCIBLE AND OPEN HEARTH PROCESSES,
Self-Hardening and
Best Refined Steel for Shop Tools and
Track Chisels, Homogeneous Steel
Plates for Fire Boxes and Boil-
ers, Smoke Stack and Tank
Sheets, " The Standard"
Spring Steel, Frog
Points and
Plates,
Crank Pins and other Special Forgings.
OFFICE AND WORKS:
ZPITTSIBTJIRGHH:
BRANCH WAREHOUSES:
BOSTON, 127 Oliver Street. NEW YORK, 3 Cliff Street.
CHICAGO, 2O8 and 21O Lake Street.
KOUNTZE BROTHERS
BANKERS,
120 Broadway, New York.
(EQUITABLE BUILDING.)
Deposits Received Subject to Check at Sight
AND INTEREST ALLOWED ON BALANCES.
Government and other Bonds and Investment Securities
Bought and Sold on Commission.
TELEGRAPHIC TRANSFERS MADE TO LONDON AND TO
VARIOUS PLACES IN THE UNITED STATES. BILLS DRAWN
ON THE UNION BANK OF LONDON.
State, Municipal, and Railroad Bonds Negotiated.
ADVANCES MADE UPON AVAILABLE COLLATERAL,
Approved Business Paper Discounted or received as Security
for Loans. Collections made throughout the United States and
Territories, the British Provinces and Europe. Dividends and
Coupons collected.
LETTERS OF CREDIT AND CIRCULAR NOTES
Issued for the use of Travelers, available in all parts of the world.
THE ALLISON M'F'6 GO.
WBOTTGHT AND CAST IRON WOEK FOB
CARS, BUILDINGS AND BRIDGES.
BOLTS, NUTS, AND WASHERS;
ALSO ALL KINDS OF
RAILROAD SUPPLIES.
BOILER TUBES, GAS, STEAM AND WATER PIPE,
WATER GRATES, DRY PIPES,
STAY BOLTS AND PUMP PLUNGERS,
Hydraulic, Artesian, Salt and Oil Well Tubing and
Casing,
Brass Work, Fittings, Tools, etc., etc.
MADE OF THE BEST QUALITY OF IRON AND STEEL,
A SPECIALTY.
r J/OCOMOTIVE
THE STANDARD STEEL WORKS.
Locomotive and Car Wheel
TIRES
Manufactured from
OTIS STEEL.
OFFICE :
220 South Fourth St.,
PHILADELPHIA, PA.
REPRESENTATIVES:
J. H. BELCHER, Room 63, Stew
art Building, New York.
J. S. BREWER, 146 Lake Street.
Chicago.
ANDREW WARREN. 707 N. 2d
Street, St. Louis.
OFPUTT & CO.. Church and
Rector Streets, New York
City.
H. L. LEACH. Boston
*. H. TAYL.OR, S. P. RARER, L. S. \ V M> I K II I ; i;K .
President. Sup't and Treas. Sec'y and Asa't Treas.
OFFICE AND WORKS AT
HIGH BRIDGE, H. J
MANUFACTURERS OF
Chilled and Steel-tired Wheels,
For Locomotive, Passenger, and Freight Car Service ;
ALSO,
Extra Hammered, Locomotive Driving, Tender, and Car
AXLES,
DRAW HOOKS AND FORGINGS,
Made from Rolled Scrap or Double Rolled Muck Iron.
WHEELS AND AXLES FURNISHED FITTED OR SEPARATELY.
New York Office, 91 LIBERTY ST.
Design and Manufacture
Railway Bridges, Viaducts, and Roofs,
IIV STEEL ^JVI> IRON.
Tensile Members Forged without the Addition of Extraneous
Metal and without Welds* Piles, or Buckles.
Compression Members Manufactured by Processes which Insure
an Entire Absence of Constructional Strains.
WROUGHT IRON TURN-TABLES,
With Centers of Conical Steel Rollers and Steel Plates.
G^LLOW^Y BOILERS,
Giving the Greatest Safety, Economy, and Durability.
MAIN OFFICE,
EDGE MOOR, on
Delaware River.
Post Office, Wilmington, Del.
WM. SELLERS, President. -
JOHN SELLERS, Jr., Viee-Pres't.
GEO. H. SELLERS, Gen'I Sup't.
WM. F. SELLERS. St-c'y.
WM. H. CONNELL, Treas.
Philadelphia Office,
1600 HAMILTON SI
CHILTON MANUF. CO.,
147 FULTON ST., NEW YORK,
141 MILK ST., BOSTON.
CHILTON PAINTS.
Colors in Oil and Japan, White Lead, Yfirnishes,
Brushes, Etc.
Linseed Oil Paints for R. R. Stations and Metallic
Paints in Linseed Oil for Freight Cars.
Correspondence Solicited and, Color Curds sent on application.
SPLIOE BAR
MORRIS SELLERS & CO,
Sple Proprietors and Manufacturers of the Celebrated
OFFICE: No. 6 ASHLAND BLOCK, CHICAGO.
The "Samson" is made both iu the plain and Angle form, fitting any section of
rail. They are sold by the pair only, at a price not exceeding that of the ordinary
Bar fitting the same section of rail. Each pair of the "SAMSON" will have a guar-
anteed thickness at the rail joint of not less than one-half inch greater than the
ordinary Bars, and at no greater cost per pair.
7,967,019 Bars to date, June 1, 1887, equal to 11,349 MILES OF TRACK.
Missouri Car and Foundry Co.
CAR WORKS AND FOUNDRY, ST. LOUIS, MO.
CAR WORKS, CAMBRIDGE CITY, INDIANA.
Joint Capacity, THIRTY Freight Cars per Day.
MANUFACTURERS OF
Freight, Refrigerator, and Fruit Cars,
CASTINGS, AND BRASS.
OFFICERS:
WM. McMILLAN, - - President and Treasurer.
WM. H. GARDNER, - Vice-President.
MELVILLE SAWYER, - Secretary.
A. T. BUCHANAN, - General Agent.
HENRY WELLS, Chicago Representative, Room 211, Home Insurance Building.
R. B. LYLE, - - Supply Agent.
General Offices, 2O4 North Third Street, St. Louis, Mo.
MICHIGAN
DETROIT, O A.R MICHIGAN.
COMPANY,
MANUFACTURERS OF
RAILROAD
FREIGHTS REFRIGERATOR CARS
Capacity, 1O,OOO Cars per Annum.
CAR WHEELS, CASTINGS, CAR AXLES,
Forgings, Links,, and Pins.
JAMES McMILLAN, President.
HUGH McMILLAX, Vice-President and General Manager.
JOSEPH TAYLOR, 3d Vice-President.
W. K. ANDERSON Treasurer.
W. C. McMILLAN, Secretary.
R. E. PLUMB, . . . General Agent.
VF
STROUD & Co.,
IMPORTERS
And Commission Merchants.
Steel and Iron Slabs, Blooms, Billets, and Bars,
Wire Rods, Tin Plates, Metals, Iron Ore,
Scrap Steel, Rail and Bloom Ends,
Old Rails, Scrap Iron, Foreign
and Domestic Pig
Iron, Etc.
104 JOHN STREET, ~NEW YORK.
GEO. 8. FIELD.
EDMUND HAYES.
C. MACDONALI).
C. S. MAURICE.
Works:
_ Bu"?!°'
Capacity: 15,000 tons. • *% Ulf I 1 1 U £? ' Capacity: 15,000 tons.
Civil Engineers
AND
Constructors of Iron and Stool Bridges,
VIADUCTS, ROOFS,
Elevated Railroads, Marine Piers, etc.
Designs and Estimates will be sent on application to
BRIDGE: co.,
No. I BROADWAY, NEW YORK.
£fe
COUNTIES -^§
CLIMATES;
-47-
EAST- 27- SI
CHICAGO
OFFICE
COMBINING ALL VALUABLE- IMPROVEMENTS
MERCER RUBBER CO
P. 0. Drawer 24,.
TRENTON, N. J.
MAJSTTIFACTUREBS OF
BRAKE PIPE, CAR SPRINGS, PACKING, YALYES,
GASKETS, RINGS, MACHINE BELTING,
TUBING, WATER GAUGE WASHERS.
AIR BRAKE HOSE A SPECIALTY.
Our LOCOMOTIVE HOSE is especially made for conveying steam
back in the Tanks,
Price Lists and Special Discounts Furnished on Application.
LUDLOW VALVE MT? CO.
938 to 954 River Street,
and
65 to 83 Fifth Avenue,
Troy, N. I,
VALVES,
Double and Single
Gate, ^ in. to 48
ins., Outside and
Inside Screws, In-
dicator, etc.,
FOR
Gas, Water,
Steam
and Oil.
Send for Circular.
ALSO,
Check Valves, Foot Valves, Yard, Wash and Fire Hydrants.
JOHN A. ROEBLING'S SONS CO.,
MANUFACTURERS OF
ROPES FOR HOISTING, FOR INCLINES, ETC.
GALVANIZED ROPE FOR GUYS.
ALSO
OF ALL KINDS AND FOR ALL PURPOSES.
GALVANIZED TELEGRAPH WIRE,
HARD DRAWN COPPER TELEGRAPH WIRE,
ALL KINDS OF INSULATED ELECTRIC WIRES,
NEAV YORK VVARKHOISi: VM> OFFH'K :
117 and 119 LIBERTY STREET.
H. L. SHIPPY, Manager.
C. M. MITCHELL, FRED. A. MASON, D. W. KISSAM,
President. Vice-President and Treasurer. Secretary.
Bridgeport Brass Company,
BRIDGEPORT, CONN.
BRASS, GERMAN SILVER, AND COPPER
ROLLING AND WIRE MILLS ;
ALSO MANUFACTURERS OF
SEAMLESS BRASS AND COPPER TUBES
KEROSENE OIL LAMPS AND BURNERS.
Office and Mills at Bridgeport, Conn*
Warerooms at 19 Murray Street, Ne^v York*
10
Geo. Westinyhouse, Jr., President. John Caldwell, Treasurer.
T. W. Welsh* Superintendent. W. W. Card, Secretary.
H. H. Westing house, General Agent.
The Westinghouse Air Brake Co,,
PITTSBURGH, PA., U. S. A.,
MAKUFACTURERS OF THE
WESTINGHOUSE AUTOMATIC BRAKE,
The WESTINGHOUSE AUTOMATIC BRAKE is now
in use on 20,000 engines and 125,OOO cars in
all parts of the world. This includes
6O,OOO freight cars.
The WESTINGHOUSE AUTOMATIC BRAKE is the only con-
tinuous brake that has been successfully used on freight
trains.
THE AUTOMATIC BRAKE will, in consequence of its quick application,
stop a train in the least possible distance.
THE AUTOMATIC BRAKE on freight trains, as in passenger service,
applies itself instantly to all parts of the train in the event of the train breaking into
two or more parts, a feature of great importance in view of the statistics published
in the Railroad Gazette, which show conclusively that a majority of the collisions
are caused by the breaking in two of trains. ( See Railroad Gazette, Feb. 12, 1886,
page 113.)
THE AUTOMATIC BRAKE also applies itself to every car in the train,
in the event of any accident to the brake apparatus of such a nature that it would
render any non-automatic continuous brake inoperative.
THE AUTOMATIC BRAKE can be applied from the rear or from any por-
tion of the train, if desired.
THE AUTOMATIC BRAKE will effect an increase of at least twenty -five
per cent, in the efficient value of freight rolling stock, owing to the quicker time that
can be made on the road, and the avoiding of delay at stntions and sidings. Freight
trains carrying perishable goods are being daily run on passenger schedules.
THE AUTOMATIC BRAKE, applied to freight cars, avoids the flattening
of wheels and effects a yearly saving, in this item alone, nearly equal to the first cost
of the apparatus.
THE AUTOMATIC BRAKE will prevent a greater part of the accidents to
freight trains which form so large an item of expense in railway management.
THE AUTOMATIC BRAKE will save employes from the danger and
exposure to which they are now subjected, having to ride on the tops of cars in cold
and stormy weather, and often sacrificing iheir lives in the discharge of their duties.
THE AUTOMATIC BRAKE is simple in construction and operation, and
cheaply maintained, the working parts being combined in one piece of mechanism.
THE AUTOMATIC BRAKE is not an experiment, but is the result of
many years of practical experience, and its capabilities are well known to all railway
managers.
11
JOHN C. THOMPSON, President; JAS. H. SLADE, Vice-President and Seo'y.
GEORGE B. MASSEY, Treasurer,
;AMES VACUUM BRAKE co
123 Oliver Street, Boston, Mass.
' W. W. HOWSON, Supt. A. P. MASSEY, Mechanical Eng'r.
WORKS, WATERTOWN, N. Y.
The EAMES AUTOMATIC VACUUM FREIGHT
BRAKE was the ONLY brake exhibited at the competitive brake
trials at Burlington, Iowa, in May, 1887, which, without the aid of
electricity, was able to handle fifty-car trains, light or loaded. The
Carpenter brake was inoperative without electricity, and three stops
which were made by the Westinghouse brake with fifty empty cars pro-
duced such excessive and dangerous shocks that all further attempts to
operate it as an airbrake were ABANDONED. The MAXIMUM
shock in the emergency stops of the Eames Brake, with fifty cars, two-
thirds loaded and one-third empty, was LESS THAN EIGHT INCHES.
The MINIMUM shock with the Westinghouse brake with fifty cars, all
empty, was OVER SEVENTY INCHES.
In the drifting tests, where trains were brought to the top of a grade at a
speed of twenty miles an hour, which was to be reduced to fifteen miles an
hour, and maintained at that rate to the foot of the grade, the maximum
variation from fifteen miles with the Eames Brake was ONLY TWO MILES,
while the Westinghouse speeds ranged from NINE to THIRTY MILES.
The superiority of the EAMES DRIVER BRAKE is shown
by the following record of stops :
Engine, Dynamometer Car, and fifty-one empty
cars. Speed, twenty miles anhour, on level. Stops
made With driver and tender brahrg only.
Speed Length of Stop.
EAMES, . . . 2O miles. 1,625 feet.
WESTINGHOUSE, 20 " 2,589 "
CARPENTER, . 2O " 1,956 "
Engine and Dynamometer Car. Speed, forty miles
an hour on down grade of fifty-three feet.
Speed. Length of Stop.
EAMES, . . .40 miles. 899 feet.
WESTINGHOUSE, 4O " 1,O16 "
CARPJENTER, . 4O " 931 "
AMERICAN, . .40" 961 »«
12
JOHN WALKER, Chairman. W. L.ABBOTT, Vice-Chairman. W. H. SINGER Treas.
CARNEGIE, PHIPPS & CO..
3L. I HUE I T EJ ID .
PITTSBURGH, PA.,
PROPRIETORS OF
Homestead Steel Works, 29th Street Iron Works,
and Lucy Furnaces,
MANUFACTURERS OF
Open Hearth Steel Boiler, Ship, and Tank
STEEL T and STREET RAILS,
1 0,1 2, 1 5 and 20-Inch Steel I Beams,
IRON AND STEEL AXLES,
For Passenger and Freight Cars.
Coupling Links and Pins, Universal Mill Plates,
MERCHANT BAR IRON,
AND ALL KINDS OF
CAR and LOCOMOTIVE FORCINGS.
NEW YORK OFFICE:
Mills Bnilcliny, Rvom 1, Eighth Floor.
13
GENEVA
NON-MAGNETIC WATCH Co.,
LIMITED,
Hole Manufacturer* of*
Fine and I f% _^2\\\\ X"\ Accurately
Complicated I li C 4 W Adjusted to
Temperature
Containing Paillard's Patent Non-Magnetic Inoxydable
Compensation Balance and Breguet Hair Spring,
Uninfluenced by Magnetism and Electricity.
Especially Adapted to Railroad Uses.
GENERAL OFFICES,
177 and 179 BROADWAY, NEW YORK, U. S. A,
SEND FOR CATALOGUE.
14
BREVOORT HOUSE,
FIFTH AVENUE, near Washington Square, NEW YORK.
A quiet Hotel of enviable reputation with a Restaurant of neculiar excellence. O. B. LIBBKY, Proper.
To Railway Managers and Master Mechanics.
ALLOW ITS TO CALL YOUR ATTENTION TO
For Lubricating
Cylinders of Loco-
the Valves and
motive Engines,
If you value .economy in fuel and wear to your Engine, the vital parts must be kept in
order by a proper Lubricant that will stand a high temperature of heat without oxidiz-
ing and destroying the parts.
VALiVOLINE for this purpose is an earth oil, specially prepared under the highest
steam heat, and unlike the Valve and Cylinder Oils in common use, all Volatile and Earthy
matter has been expelled by a process which leaves a pure and heavy oil. It owes it»
superiority to the expensive process by which it is refined, and its equal cannot be
found • clinging with more tenacity to the metal and resisting the heat and pressure of the
steam, it remains intact on the surface, while other oils are carried off in the exhaust steam
VAL, VOLINE prevents the eating away of the bolts, and keeps the Cylinders
and piston packing perfect?!/ clean, thus avoiding the danger of cleaning with
Kerosene Oil. This was the first Mineral Oil introduced in Steam Engine Cylinders, and
has been in constant use over fifteen years. The above Oil is put up in barrels, and, on
application, sample lots of from One to Ten Barrels will be sent on trial, and satisfaction
guaranteed or no charge will be made for the oil used. '
References and Prices furnished upon application.
LEONARD & ELLIS, Proprietors Valvoline Oil Works,
157 CHAMBERS STREET, NEW YORK.
PENNSYLVANIA STEEL CO
MANUFACTURERS OF
STEEL FORCINGS, BARS AttD BILLETS,
Steel Splices, Angle or Plain, to Fit Various Patterns of Bails of All Sizes.
RAILROAD FROGS AND CROSSINGS,
IMPROVED SWITCHES, and SWITCH STANDS,
STEELTOXT, FA.
THE MAGNETO ELECTRIC
ALARM SIGNALS FOR HIGHWAY CROSSINGS,
OR, FOR ANNOUNCING THE APPROACH OF TRAINS AT STATIONS.
This Important improvement has great advantages over anything which has ever been
offered for similar purposes. By its judicious use Railroad companies may largely reduce
the dangers to their own trains at highway crossings, and confine to moderate limits the
expenses attending the protection of crossings in cities, towns, villages, and on rural
highways.
It will be found to meet the requirements of the public for protection at dangerous
crossings, and thus a moderate outlay may render unnecessary the much greater expense,
recurring annually, which is involved by placing men at dangerous crossings.
The wheels of trains approaching the crossing effect the operation of substantial and
durable instruments placed adjacent to the rail, (at suitable distances from the crossing,)
and cause the generation of
electricity from permanent
magnets. Operation con-
tinues after train passes,
while approaching crossing.
Has no cup batteries. Uan-
I not freeze up. Requires no
I material for maintenance,
I except oil. Easily managed
[by ordinary intelligence.
Electrical experts are not
required. The bell instru-
ment (at the crossing shown
in cut) makes a loud and ur-
gent alarm, calculated to be
regarded as important.
Thl» improTement ii warranted , and placed on >ix months'
ttlal for approval. It will repay the attention of Railway
Manager*.
For further particulars address
GEO. W. PARSONS, Supt. F. S & S. Dept.,
STE ELTON.
PENNSYLVANIA
AT STESX-TO1T, I9 A.
M. FELTON, President,
208 So. Fourth St.,
PHILADELPHIA.
W. BALDWIN, N Y. Agt.,
No. 2 Wall Street,
NEW YORK.
L. S. BENT, V. P. and O. M.
F. W. WOOD, Supt.
At the Works, STEELTON, PA.
MANUFACTURERS OF
STEEL HAILS,
STEEL BLOOMS, BILLETS, BARS m FORCINGS,
OF BESSEMER OR OPEN HEARTH STEEL, FOR ALL PURPOSES.
STEEL PRODUCING CAPACITY, 350,000 TONS PER YEAR.
STEEL SPLICES, Angle or Plain, to fit Various Patterns of Rails of All Sizes.
STEEL RAIL
FROGS.
COPYRIGHT 1880.
FRDEB and CROSSINGS
OF VARIOUS IMPROVED PATTERNS, OR TO SPECIFICATIONS, AS ORDERED.
The special improvements in Frogs introduced and made solely by this
Company, are used and approved as standards on many of the most import-
ant railroads all over the country, and give always the best possible service.
IMPROVED
SPLIT SWITCHES.
An Extensive Variety of Fatterni Baited to all Uiei.
LORENZ SAFETY SWITCH.
The manufacture ot Split Switches has been a specialty
with this Company tor many years.
SWITCH FIXTURES, OF ALL KINDS.
SWITCH STANDS, of MANY IMPROVED PATTERNS.
The capacity of the Frog, Switch and Signal Department of this Company greatly ex-
ceeds that of any similar manufactory in the country. With its thorough organization!
its high standard of excellence, and unequalled facilities for economical production, offers
inducements to railways desiring low prices, reliable work, and the best improvements.
For prices or information relating to this Department, address
O. W. PARSONS, Supt. F., S. and S. Dept., STEEL TON, PA.
Read the other
side of this leaf
15
16
NOW READY.
MONEY AND ITS LAWS :
EMBRACING
A HISTORY OF MONETARY THEORIES
A HISTORY OF THE CURRENCIES
OF THE
UNITED STATES.
By HENRY V. POOR.
Published by H. V. & H. I. POOR, 70 Wall Street, New York.
1 vol., royal octavo, cloth, pp. xl., 623.
Price, $3.5O.
Sent, free of postage, upon receipt of price, by the publishers, and for sale by all booksellers.
Of the excellence and completeness of the work the publishers present the following
testimonial :
" The undersigned, having carefully examined the work recently published by Mr. HENRY V.
POOR upon the subject of MONEY, hereby express their conviction that ne has unfolded its NATURE
and IiAws with an amplitude and clearness which have all the force of demonstration. His assump-
tion Of treating money as a subject coming within the range of the exact sciences has been well
sustained. The application of the principles laid down in the first part of his work cannot fail ta
restore order in the place of the chaos of opinion which now prevails, and to point out, unmistakably,
the conditionsiiecessary to a restoration of the currency of the country to the standard of coin. We
commend the work to the public as an able, scholarly, painstaking, and exhaustive treatise upon a
subject in which is involved, more than in any other now engaging their attention, the welfare of
the people of the United States."
GEORGE S. COE, President American Exchange National Bank, New York.
J. D. VERMILYE, President Merchants' National Bank, New York.
JOHN CUMMINGS, President Shawmut National Bank, Boston, Mass.
JAMES H. REAL, President Second National Bank, Boston, Mass.
WINSLOW, LANIER & CO., Bankers, New York.
JAMES A. DUPEE, Treasurer Hamilton &. Appleton Mfg. Co., Boston, Mass.
17
RESUMPTION
SILVER QUESTION;
EMBRACING
A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER
CURRENCIES OF THE UNITED STATES AND
OTHER NATIONS.
By HENRY V. POOR.
(1878.)
Summary of the Contents.
PART I. — The distinction betwreen the money of Banks and of Government.
PART II. — An examination of the Report of the late Conference between Mr. Secretary
Sherman and the Committee on Finance of the Senate, and the Committee
on Banking and Currency of the House of Representatives, of the United
States.
PART III. — A History of the Coinage of the United States; of the Act of 1873, de-
monetizing silver; and a sketch of the monetary systems of the great
commercial Nations, Great Britain, France, and Germany.
PART IV. — A History of Legal-Tender Currencies, embracing a History of the Legal-
Tender Currencies of the Mongols ; of the Continental Currency of the
United States ; of the Assignats of France, and of the present Legal-Tender
Currency of the United States.
PART V. — The Greenback Party.
PART VI. — How Resumption is to be Effected.
PRESS NOTICES.
JVet» York Evening .font.
We commend Mr. Poor's book, as it deserves, as a most convenient, reference handbook concerning the
history of silver money in the United States, the monetary history of other countries, and other matters of a
similar nature, all of which are presented in compactand conveuieni shape, and fitted to the hand by an elaborate
analytical index.
I'll iltnlelpli in J^erfffer.
A timely and valuable book, which cannot be too carefully studied, and every line of which is full of
warning and instruction.
Aeu» fork Journal of Commerce.
A timely and valuable contribution to a subject now demanding the earnest attention of every thoughtful
citizen. It will help to clear away much of the fog in which the whole question of the currency is now enveloped.
It is in no sense partisan, and is addre.-*ed wholly to the reason and intelligence of the reader. It is indeed, as
it is called, "A Handbook for the Times.''
Boston. Journal.
This volume is pungent and full of information. It is very fresh and suggestive, and contains a large
amount of information which gives it value, and makes it stimulating and helpful in extending and directing
financial discussion.
1 Volume, 12mo, Cloth, pp. 230. Price, $1.0O.
Sent free of postage, on receipt of price, by the publishers, and for sale by all booksellers.
H.Y.&H.W.POOR, Publishers, 70 Wall St., New York.
18
AMERICAN BANK NOTE COMPANY,
to SG Trinity JPlaee,
NEW YORK.
Business Founded 1795.
Incorporated under Laws of State of New York, 1858
Reorganized 1879.
ENGRAVERS AND PRINTERS
OF
Bonds and Stock Certificates,
AND ALL OTHER DOCUMENTS REQUIRING SECURITY. BANK
NOTES, BONDS, POSTAGE AND REVENUE STAMPS FOR
FOREIGN GOVERNMENTS, DRAFTS, CHECKS, BILLS
OF EXCHANGE, LETTER HEADS, ETC.
ENGRAVING AND PRINTING
EXECUTED IN THE FINEST AND MOST ARTISTIC STYLE
FROM STEEL PLATES.
"With Special Safeguards to Prevent Counterfeiting?.
Special Papers Manufactured Exclusively for Use of the Company.
SAFETY COLORS. SAFETY PAPERS.
Work Executed in Fire-proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS.
Railway Tickets, Maps, Folders, and Illuminated Show Cards,
OF THE MOST APPROVED STYLES.
Numbered, Local and Coupon Tickets, o< any Size, Pattern, Style of Device,
with Steel Plate Tints.
AJVD TYPE
Show Cards, Labels, Calendars.
BLANK BOOKS OF EVERY DESCRIPTION.
TRUSTEES :
JAMES MACDONOUGH, PRESIDENT.
A. D. SHEPARD, )
W. M. SMILLIE, J. VICE-PRESIDENTS.
J. T. ROBERTSON, |
JOSEPH W. DREXEL. P. C. LOUNSBURY, T H PORTER
CHRISTOPHER MEYER, G. H. STAYNER, J R MYERS*
JOSEPH f. STOUT.
TIIEO. II. FREELAND. SEC. AND TREAS.
19
FRANKLIN
Bank Note Company,
142 Broadway, cor. Liberty St., New York.
OF-
ALSO,
BANK NOTES, BILLS OF EXCHANGE, DRAFTS, CHECKS,
NOTES, PROPRIETORY STAMPS, LABELS, TAGS,
BILL AND LETTER HEADS,
DIPLOMAS AND CERTIFICATES OF MEMBERSHIP,
Insurance Policies, Calendars, and Commercial
Work of all kinds.
RAILWAY TICKETS
IN ALL VARIETIES.
ALL WORK EXECUTED IN FIREPROOF PREMISES.
A. CLAXTON CABY, MANAGER.
20
INCORPORATED, STATE OF ILLINOIS, A. D. 1864.
C. C. CHENEY, Pres'L C. A. CHAPMAN, Treas.
CHICAGO.
FIRST AWARD AND GOLD MEDAL BY THE WORLD'S COTTON CENTENNIAL
EXPOSITION AT NEW ORLEANJ, 1884-5.
ZBOlsTIDS
For Railways, States, Cities, and Corporations.
Also Certificates, Diplomas, Drafts, Checks, Portraits, Show Cards,
Letters of Credit, in first-class bank note style and finish.
RAILWAY ANNUAL PASSES.
SAFETY TINTS AND SAFETY PAPERS.
POOR & GREENOUGH
36 Wall Street, New York,
AGENTS FOR THE
English Association of American Bond and
Shareholders of London.
Collect for foreign holders Dividend*, Coupons, or
Drafts, payable in any part of the United States.
Buy and Sell Government Bonds or Railway Securities
in all markets.
Railway Investments a Specialty.
POOR & GREENOUGH, Bankers, 36 Wall Street, NEW YORK.
Chas. H. Pot»er &. Co.
INVESTMENT BANKERS,
Cleveland, Ohio.
SPECIALTIES:
Town, County, and City Bonds,
Lake Superior Iron Mining Stocks,
" Republic," " Champion,"
" Cleveland, "and "Jackson."
" Lake Superior," " Chapin,"
and "Minnesota."
STREET RAILWAYS:
Denver City St. Railway Co. of Den-
ver, Col.
Street Railway Co. of Grand Rapids,
Mich.
Metropolitan Street Railway Co. of
Toledo, Ohio.
Simon Borg & Co.,
No. 26 NASSAU • ST.,
Hew York.
Dealers in all kind* of
Railroad and .
Investment
Securities.
SOUTHERN SECURITIES
A Specialty.
JNO. P. BRANCH.
FRED. R. SCOTT.
THOMAS BRANCH & CO.,
Bankers and Commission Merchants,
RICHMOND. VIRGINIA.
CITY, STATE, AND RAILROAD BONDS, STOCKS, FOREIGN EXCHANGE,
etc., bought and sold. Circulars and information on the subject of the State debt free of
charge. One-eighth per cent, charged for funding State bonds.
MERCHANTS' NATIONAL BANK,
United States, State, and City Depository,
RICHMOND, VIRGINIA.
J. P. BRANCH, President.
JOHN F. GLENN, Cashier.
F. R. SCOTT, Vice-President.
JOHN MORTON, Assistant Cashier.
22
THE
New York Life Ins. Co.
WILLIAM H. BEERS, President.
ORGANIZED 184S. PURELY
ASSETS, January 1, 1887, over - $75,000,000 00
INCOME, 1886, over - - 19,000,000 00
SURPLUS (State Standard), over - - - - 15,000,000 00
THE NEW YORK LIFE INSURANCE COMPANY ISSUES all approved
forms of policies on the purely mutual plan. Also
POLICIES WHICH FURNISH
1.— A GOOD INVESTMENT,
If a man lives.
2.— INSURANCE AND A GUARANTEED DIVIDEND,
If he dies.
The New York Life's Non -forfeiting Tontine Policies, by a new adjustment of
premium to risk, and by improved methods of dealing with surplus and reserve, now offer
A Good Investment, in connection with the protection of an insurance during a period
of ten, fifteen, or twenty years.
IN CASE OF DEATH during these periods the Company will Guarantee,
if desired, a Mortuary Dividend (to be paid with the death-claim) equal to all premiums
that shall have been paid on the Policy.
Do not insure until you have seen full particulars of these Policies. Do not fail to
write the nearest Agent, or the Home Office, for such particulars — at once.
THE NEW YORK LIFE INSURANCE COMPANY,
»46 and 348 Broadway, Xew York City.
MANHATTAN LIFE
Insurance Company of New York,
156 and 188 BROADWAY.
ESTABLISHED 36 YEARS.
Largest Percentage of Surplus by New York Standard,
Giving Insurance and Assurance.
JAMES M. McLEAN, - - President.
J. L. HALSEY, 1st Vice-President.
H. B. STOKES, 2d Vice-President.
H. Y. WEMPLE, Secretary. S. N. STEBBINS, Actuary.
THE 'LANCASHIRE
INSURANCE COMPANY
OE
MANCHESTER. ENGLAND.
UNITED STATES OFFICE:
Nos. 4O and 42 PINE STREET,
NEW YORK.
E. LITOHPIELD Manager. GEORGE PRITOHARD Sub-Manap-er.
OF PHILADELPHIA.
ASSETS, ---- $11,500,00000
SURPLUS TO MEMBERS, - 2,25O,OOO 00
A Purely Mutual Company, conducted solely in the interest of members, and with
the object of furnishing the best Life Insurance at the least cost.
40 YEARS' SUCCESSFUL BUSINESS.
All approved forms of Life and Endowment Policies issued, which become
INCONTESTABLE after two years, and are absolutely NON-FORFEITABLE
for "reserve" value.
Members who discontinue their payments have the option of an EXTENSION
of the original sum insured or a PAID-UP policy.
Home Office: 921 Chestnut St., Philadelphia,
EDWARD M. NEEDLES, President. HENRY C. BROWN, Sec'y and Treas.
HORATIO S. STEPHENS, Vice-Pres. JESSE J. BARKER. Actuary.
25
ESTABLISHED 1782.
Phcenix Assurance Company
OF LONDON, ENGLAND.
FIRE INSURANCE ONLY.
Losses Paid, over $79,000,000.
SHAREHOLDERS INDIVIDUALLY LIABLE.
UK Alt OfflCE IN VNITEJ) STATES:
67 Wall Street, New York.
A, D, IRVING, Manager, E, B, CLARK, Ass't Manager,
RAILROAD PROPERTY INSURED.
PHENIX INSURANCE CO.
OIF
OFFICE:
195 BROADWAY, NEW YORK CITY.
Statement of Company, 1st Day of January, 1887:
CASH CAPITAL, . . ...
Reserve for Unearned Premiums, . . . .
Reserve for Unpaid Losses, . . . . . .
Net Surplus,
Cash Assets, $5,383,171 68
STEPHEN CROWELL, President.
WM. R. CROWELL, Vice-President.
GEORGE INGRAHAM, Second Vice-President.
PHILANDER SHAW, Secretary.
CEO. H. FISKE, Assistant Secretary.
WILLIAM T. MEREDITH,
STREET
(Bank of New York Building),
NEW YORK CITY.
Bonds and Investment Securities for Sale,
BONDS AND STOCKS
BOUGHT AND SOLD
At the New York Stock Exchange.
WM. V. CAROLIN, CHARLES F. POX.
Memier If. T. Stock Brchange. Vf. H. SHELTON, JK.
CAROLIN & COX,
No. S3
NEW YORK.
Deposits received subject to check at sight, and interest allowed on
daily balances.
All Stocks ?nd Securities dealt in at the New York Stock Exchange
bought and sold on commission, for cash or upon margin.
OILMAN, SON d CO.,
Foreign and Domestic
BANKERS,
62 Cedar Street, - NEW YORK.
IN ADDITION TO A GENERAL BANKING BUSINESS,
BUY AND SELL INVESTMENT SECURITIES.
Accounts Received on Favorable Terms.
WALSTON H. BROWN. FRED. A. BROWN. HERBERT P. BROWN.
Walston H. Brown & Bros.,
BANKERS,
2O NASSAU STREET, - NEW YORK.
Accounts of corporations and individuals
received on liberal terms. Securities bought
and sold on commission.
R, T, WILSON & CO,,
2 EXCHANGE COURT, NEW YORK-
TRANSACT A GENERAL, RANKING BUSINESS.
Receive Accounts of Corporations and Individuals on
Liberal Terms.
NEGOTIATE STATE, MUNICIPAL AND RAILROAD
SECURITIES.
JOHN PATON, )
CORNELIUS C. CUTLER, V GENERAL PARTNERS. MORRIS K. JE8UP, SPECIAL PARTNBR.
BENJAMIN GRAHAM, )
JOHN PATON fc CO.,
SUCCESSORS TO
JESUP, PATON & CO.,
No. 52 William Street, New York.
Accounts and Agency of Banks, Corporations, Firms and Individuals received upon Favorable Terms.
Bonds and Stocks Bought and Sold on Commission, and full information furnished
regarding securities.
DIVIDENDS AND INTEREST COLLECTED AND REMITTED.
ict as Agents for Corporations in Paying Coupons and Dividends. Also as Transfer Agents.
SOUND RAILROAD AND MUNICIPAL BONDS NEGOTIATED.
FOREIGN EXCHANGE BOUGHT AND SOLD.
Draw on the Union Bank of London,
British Linen Co. Bank, London and Scotland.
MORTON, BLISS & CO.,
BANKERS,
Corner Cedar and Nassau Streets, New York,
ISSUE CIRCULAR NOTES AND LETTERS OF CREDIT
FOR TRAVELERS;
ALSO COMMERCIAL CREDITS,
AVAILABLE IN ALL PARTS OF" THE \VORLE>.
NEGOTIATE FIRST-CLASS RAILWAY, CITY AND STATE LOANS,
MAKE TELEGRAPHIC TRANSFERS OF MONEY,
AND DRAW EXCHANGE ON THE PRINCIPAL CITIES OF EUROPE.
COFFIN & STANTON,
BANKERS,
1O, 11, 12, and 13 Mortimer Building,
WALL STREET,
NEW YORK,
DEALERS IN BONDS.
30
J. *W. SELIGMAN * CO.,
BANKERS,
Mills Building, 15 Broad Street, - - New York.
ISSUE
Letters of Credit for Travelers,
Payable in any part of Europe, Asia, Africa, Australia and America.
DRAW BILLS OF EXCHANGE ON AND MAKE TELEGRAPHIC
TRANSFERS OF MONEY TO EUROPE AND CALIFORNIA.
SELIGMAN BROTHERS, London.
SELIGMAN, FRERES & CIE, Paris.
SELIGMAN & STETTHEIMER, Frankfurt.
WAYNE GRISWOLD. JEROME D. GILLETT.
GRISWOLD & GILLETT,
Investment Securities,
3 WALL STREET, NEW YORK.
SOLE AGENTS FOR
In United States and Mexico ef CHAS. CAMMELL & CO., Sheffield, Eng.
31
BANKERS,
AND
DEALERS IN INVESTMENT SECURITIES,
No. 35 Congress St., Boston.
HENRY E. COBB. ARTHUR F. ESTABROOK. CHARLES E. EDDY.
C. H. WATSON. ARTHUR L. SWEETSER.
Members of New York and Boston Stock Exchanges.
A. L. BROWN, Member Boston Stock Ex. and New York Stock Ex.
W. J. RILEY, Member Boston Stock Kx. suul New York Cotton Ex.
BROWN, RILEY AGO.
Bankers and Brokers,
9 CONGRESS STREET and 4 CONGRESS SQUARE,
BOSTON, MASS.
ORDERS IN
STOCKS AND BONDS
Executed in Boston, New York, Philadelphia, and Baltimore.
PARKINSON & BURR,
Bankers and Brokers,
35 CONGRESS STREET, BOSTON.
Members of the Boston and New York Stock Exchanges.
105 Devonshire Street, • BOSTON.
ORDERS FOR
STOCKS, BONDS, AND GRAIN
PROMPTLY EXECUTED IX THE
BOSTON, NEW YORK, CHICAGO, AND OTHER MARKETS.
33
L. H. TAYLOR & CO.,
BANKERS,
Third and Chestnut Streets, Philadelphia,
TRANSACT A GENERAL BANKING BUSINESS,
Including the Purchase and Sale of Stocks and Bonds at the Exchange in
this and other Cities.
CORRESPONDENCE SOLICITED.
Members Philadelphia and New York Stock Exchanges.
ESTABLISHED 1854.
WM. R. UTLEY,
(Member of New York Consolidated Stock and Petrolenm Exchange,)
DEALER IN
INVESTMENT SECURITIES,
No. 7 Wall St., New York (St. Nicholas Building),
RAILROAD LOANS NEGOTIATED.
({UN Works Companies' Kond* and Stocks.
Negotiations made for building <»as and
Water Works.
Defaulted KailroadH reorganized.
Orders executed in all classes of Komi- and
JStocki*.
Having had over thirty years' experience in business (twenty years of which in Wall
Strcci in negotiating the Securities of the leading Railroad Companiesof the United States),
gives me good facilities, with an intimate knowledge of the business, to make satisfactory
financial operations for those who favor me with their business.
\Vhen the I iiion Pacific K. R. Hoiidtt were being negotiated in 187O and
1871, my firm, I ilry & Dougherty, sold over $3,OOO,OOO of these bonds within
KiX lllonlll..
AUGUST BELMONT & CO.,
BANKERS,
Wos. 34 and 3O TVall Street,
AGENTS AND CORRESPONDENTS OF THE
Messrs. ROTHSCHILD,
LONDON, PARIS, FRANKFORT, AND VIENNA,
AVAILABLE IN ALL PARTS OF THE WORLD,
ALSO COMMERCIAL CREDITS.
Draw Bills of Exchange, and make Cable Transfers to
Europe, West Indies, Mexico, and California.
Execute Orders for the Purchase and Sale of Investment Securities,
35
JOHN H. DAVIS & CO.,
No. 1O Wall Street,
(Astor Buildiny,} NEW YORK,
Members of New York and Philadelphia Stock Exchanges.
Private Wires to Boston, Philadelphia, Baltimore,
Chicago, and Intermediate Points. Orders
for Stocks and Bonds Executed
at all Exchanges.
Our BOND DEPARTMENT is organized
and conducted with great care, and our BU-
REAU OF RAILWAY INFORMATION is
unusually complete.
We are thus enabled to give valuable and
intelligent aid to those seeking safe and profit-
able
HIGH CLASS INVESTMENT SECURITIES CONSTANTLY ON HAND.
36
GEO. COPPELL. THOS. MAITLAND.
GERALD L. HOYT, Member N. Y. Stock Exchange.
MAITLAND, PHELPS & CO,
BANKERS
AND
COMMISSION MERCHANTS,
22 & 24 EXCHANGE PLACE,
Bills of Exchange, Letter* of* Credit, Telegraphic
Transfers of Honey on London. Paris, Mexico,
Cuba, etc., etc.
DOUGLASS GREEN. A. E. BATEMAN.
W. W. DUDLEY. R. G. MURPHY.
__ Members JV. Y. Stock Exchange.
(BREEN & BATEMAN,
BANKERS,
Astor Building, 1O Wall Street,
NEW YORK.
Private Wires to Chicago, Richmond, Washington, Philadelphia,
Boston, and Intermediate Points.
BRANCH OFFICES CONNECTED BY PRIVATE WIRES:
BATEMAN & CO., WASHINGTON, D. C.
NEW YORK HOTEL, 721 BROADWAY, NEW YORK.
CASINO BUILDING, NEWPORT, R. I.
HOLLYWOOD COTTAGES, HOLLYWOOD, LONU BRANCH, NEW JERSEY.
37
BROWN BROTHERS & CO.,
BOSTOIV,
AND
ALEXANDER BROWN & SONS,
BALTIMORE,
MEMBERS OF NEW YORK, PHILADELPHIA, AND BALTIMORE
STOCK EXCHANGES,
EXECUTE ORDERS FOR ALL INVESTMENT SECURITIES,
BUY AND SELL BILLS OF EXCHANGE
UN
GREAT BRITAIN AND IRELAND, FRANCE, GERMANY, BELGIUM,
HOLLAND, SWITZERLAND, NORWAY, DENMARK, SWEDEN,
AUSTRALIA, ST. THOMAS, ST. CROIX, AND BRITISH
WEST INDIES.
ISSUE COMMERCIAL and TRAVELERS' CREDITS
IN STERLING,
Available iu any part of the world, iii FRANCS, for use in Martinique and Guadeloupe, mid
in DOLLARS, for use in this country, CANADA, MEXICO, and WEST INDIKS.
Make Telegraphic Transfers of Money
BETWEEN THIS COUNTRY, EUROPE, AND BRITISH AND
DANISH WEST INDIES.
MAKE COLLECTIONS OF DRAFTS
Drawn abroad on all points in the United States and Canada, and of Drafts drawn in
the United States on foreign countries.
Their London House, Messrs. BROWN, SHIPLEY & CO.,
receive accounts of American banks, firms, and individuals upon
favorable terms.
BROWN, SHIPLEY & CO,
LIVERPOOL, LOIVDOIV.
38
HENRY W. POOR. JOHN GREENOUGH.
POOR & GREENOUGH,
ANKERS AND BROKERS
36 WALL STREET. NEW YORK.
Orders Executed for all Securities Dealt in at
the New York Stock Exchange.
RAILWAY INVESTMENT
A Specialty.
CHOICE SECURITIES ALWAYS ON HAND.
We are in correspondence with nearly every Railroad
Company in the Country through our
connection with
"POOR'S MANUAL OF RAILROADS,"
which gives us special advantages for information for
the benefit of our customers.
Correspondence Invited. Interest allowed on Deposits, subject to Check at sight.
36 WALL STREET, NEW YORK.
39
1 NASSAU STREET, NEW YORK,
113 DEVONSHIRE STREET, BOSTON,
AGENTS AND ATTORNEYS FOR MESSRS.
BARING BROTHERS & CO.,
LONDON,
Issue Commercial and Travelers' Letters of Credit, available
in all parts of the world,
MAKE TELEGRAPHIC TRANSFERS OF MONEY TO THE PRIN-
CIPAL POINTS OF THE UNITED STATES,
CANADA, AND EUROPE.
MAKE ADVANCES ON MERCHANDISE CONSIGNED TO MESSRS.
BARING BROS. & CO., LIVERPOOL.
Buy and Sell Bills of, Exchange and Telegraphic
Transfers on the following Cities:
ANTWERP, COPENHAGEN, LEIPSIG,
AMSTERDAM, CHRISTIANIA, MUNICH,
AUGSBURG, MANNHEIM,
BREMEN, FRANKFORT, pA
GENOA
B!RLIN' HAMBURG, ROTTERDAM,
BALE, HAVRE, STUTTGART,
BERNE, HANOVER, STOCKHOLM,
BRUSSELS, LONDON, VIENNA,
COLOGNE, LISBON, ZURICH.
CHOICE INVESTMENT SECURITIES.
40
VERMILYE & CO.,
BANKERS AND BROKERS,
1 6 & 1 8 NASSAU STREET,
NEW YORK CITY,
DEALERS IN INVESTMENT SECURITIES,
Buy and Sell on Commission for Cask
or on Margin all Securities listed
at the New York Stock Rxckange.
Deposits received and Interest Allowed on Bal-
ances subject to Draft at Sight.
Bankers and Brokers,
MEMBERS N. Y. STOCK EXCHANGE,
Dealers in Railroad Stocks and Bond's, and Government
and Municipal Securities,
11 Wall Street, - NEW YORK,
AND
246 CLARK STREET, CHICAGO, ILL.
41
MAVERICK
NATIONAL BANK,
Cor. Water and Congress Streets,
ZBOSTOHsT.
Chartered as State Bank, 1S51.
Organized as National Bank, 1865.
Capital,
Surplus,
$400,000
600,000
Transacts a general Banking business. Accounts of
Banks, Corporations, and Individuals received. Collec-
tions made throughout the United States upon favorable
terms.
WE ACT AS BANKERS for the payment of Coupons
and Bonds.
UNITED STATES BONDS of all issues on hand.
INVESTMENT SECURITIES Bought and Sold.
EXCHANGE drawn on England, Ireland, and Scot-
land, and all parts of Europe, and Cable Transfers
made.
TELEGRAPHIC TRANSFERS OF MONEY inade to
all parts of the United States, Canada, and Europe.
LETTERS OF CREDIT issued, payable throughout
the United States. Correspondence invited.
ASA P. POTTER, President.
J. W. WORK, Cashier. E. H. LOWELL, Asst. Cashier.
BANK OF MONTREAL.
(ESTABLISHED 1818.)
INCORPORATED BY ACT OF PARLIAMENT.
CAPITAL, all paid up, - $12,000,000
RESERVED FUND, 6,000,000
HEAD OFFICE— MONTREAL.
BOARD OF DIRECTORS.
C. F. SMITHERS, ESQ., President. HON. D. A. SMITH, Vice-President.
GILBERT SCOTT, Esq. ALEX. MURRAY, Esq. A. T. PATERSON, Esq.
G. A. DRUMMOND, Esq. HUGH McLENNAN, Esq. HON. JOHN HAMILTON.
EDWARD B. GREENSHIELDS, Esq.
W. J. BUCHANAN, General Manager.
BRANCHES.
IN CANADA:
MONTREAL, E. S. CLOUSTON, Manager.
ALMONTE, Ont. HALIFAX, N. S. PORT HOPE, Ont.
BELLEVILLE, ' " HAMILTON, Ont. QUEBEC, Que.
BRANTFORD, " KINGSTON, " REGINA, Assiniboia, N.W.T
BROCKVILLE, " LINDSAY, SARNIA, Ont.
CALGARY, N. W. T. LONDON, STRATFORD, Ont.
CHATHAM, N. B. MONCTON, N. B. ST. JOHN, N. B.
CHATHAM, Ont. OTTAWA, Ont. ^T. MARY'S, Ont.
CORNWALL, " PERTH, TORONTO,
GODERICH, " PETERBORO, " WINNIPEG, Man.
GUELPH, " PICTON,
IN GREAT BRITAIN:
LONDON, BANK OF MONTREAL, 22 Abchurch Lane, E. C.
C. ASHWORTH, Manager.
IN THE UNITED STATES:
NEW YORK, WALTER WATSON and ALEX. LANG, Agents, 59 Wall Street.
CHICAGO, BANK OF MONTREAL,
W. MUNRO, Manager. R. Y. HEBDEN, Assistant Manager.
ISSUE CIRCULAR NOTES AND LETTERS OF CREDIT AVAILABLE
IN ALL PARTS OF THE WORLD.
METROPOLITAN TRUST CO.
OF THE CITY OF NEW YORK,
Capital, $1,OOO,000. No. 35 WALL ST.
Designated by order of the Supreme Court as a legal depository.
Will receive deposits of money on interest, act as fiscal or transfer agent,
or trustee for corporations, and accept and execute any legal trusts from
persons or corporations on as favorable terms as other similar companies.
THOMAS HILLHOUSE, President.
FREDERICK D. TAPPED Vice-president.
CHARLES M. JESUP, Secretary.
TRUSTEES:
Morris K. Jesup,
A. Grade King:,
Joseph W. Drexel,
Walter T. Hatch,
Isaac N. Phelps,
Dudley Olcott,
George A. Hardin,
Joseph Ogden,
Edward B. Jndson,
Thomas Hillhouse,
John T. Terry,
D. 0. Mills,
Frederick 1). Tappen,
C. P. Huntingdon,
Bradley Martin,
Heber 1'. Bishop,
J. Howard King,
Henry B. Plant,
Phinehas Pronty,
Freeman Clarke,
Win. A. Slater,
John Crerar.
John W. Ellis.
KNAUTH, NACHOD & KUHNE,
IBam
5 & 7 SOUTH WILLIAM ST., NEW YORK-
Arrangements made with Banks and Bankers in the United
States, enabling them to issue their own drafts direct on
all the principal cities in Europe.
Circular Letters of Credit issued for the use of Travelers
abroad.
Funds transferred to all parts of Europe by cable or by mail.
Foreign Coin and Bank Notes bought and sold.
CORRESPONDENTS ABROAD:
THE ALLIANCE BANK, Limited, London, England.
Messrs. KNAUTH, NACHOD & KUHNE, Leipzig, Germany.
44
THE SAFE DEPOSIT CO. OF NEW YORK.
THE FIRST ESTABLISHED IN THE WORLD.
OFFERS UNEQUALED SECURITY.
Rents Safes in its Burglar-proof Vaults.
RECEIVES SILVERWARE ON DEPOSIT.
The Offices have been newly Furnished with
Every Improvement and Security.
140, 142, and 146 Broadway.
FRANCIS M. JENCKS, GEORGE H. VOSE,
PRESIDENT. SECRETARY.
INTERNATIONAL TRUST COMPANY,
(INCORPORATED 1879)
45 Milk, Corner Devonshire Street,
BOSTON, MASS.
CAPITAL, ~V~ ~^~ - $500,000
SURPLUS, - - - 250,000
By the provisions of the charter, the Stockholders are liable for an additional amount
equal to the capital stock.
TRANSACTS A GENERAL BANKING BUSINESS.
Assumes the care of property and collection of income for ladies and others.
Legal Depository for Corporations, Administrators, Executors, Trustees, Guardians, and
Money in Suit.
INTEREST ALLOWED ON DEPOSITS, subject to check, or payable at
specified dates.
Acts as Trustee under Mortgages of Railroad and other Corporations, and Fiscal Agents
for the payment of Bonds, Coupons, Dividends, etc., and Transfer Agents of the stock of
Incorporated Companies. Accepts Trusts created by Will or otherwise.
USsT" Legal Depository for Massachusetts Savings Banks.
DI RECTORS.
WILLIAM CLAFLIN. ROBERT M. MORSE. JR., THOMAS MACK,
JOHN GOLDTHWAIT. WILLIAM A. HASKELL, WILLIAM W. CRAPO.
WILLIAM T. PARKER, JOHN C PAIGE. JOHX M. GRAHAM,
P. A. COLLINS, WARREN B. POTTER. THOMAS F. TEMPLE.
HENRY L,. JEWJETT, Scc'j . JOHN M. GRAHAM, Pres.
45
Central Trust Company
OF1
54 WALL STREET.
Allows interest ou deposits, returnable on demand, or at specified dates.
Is a legal depository for money paid into Court. Is authorized to act as
Executor, Administrator, Guardian, or in any other position of trust.
Also as Registrar or Transfer Agent of Stocks and Bonds, and as Trustee
for Railroad and other Mortgages.
FREDERIC P. OLCOTT, President.
GEORGE SHERMAN, Vice-President.
E. FRANCIS HYDE, 3d Vice-President.
C. H. P. BABCOCK, Secretary.
B. G. MITCHELL, Ass't Secretary.
EXECUTIVE COMMITTEE,
THE PRESIDENT.
JACOB D. VERMILYE,
SAMUEL D. BABCOCK,
CHAKLES LANIER,
CORNELIUS N. BLISS,
JOHN S. KENNEDY,
FREDERICK H. COSSITT,
ISAAC N. PHELPS,
EDMUND W. CORLIES.
BOARD OF TRUSTEES.
GLASS OP 1888.
SAM'L D. BABCOCK,
ISAAC X. PHELPS,
GUSTAV SCHWAB,
JAMES P. WALLACE,
JOSIAH M. FISKE,
HENRY F. SPAULDING,
JOHN S. KENNEDY,
SAMUEL THORNE,
ADRIAN ISELIN, Jr.
CLASS OF 1889,
DAVID Dows,
J. PIERPONT MORGAN,
CHAS. LANIER,
CHAS. G. LANDON,
WM. II. WEBB,
FREDERIC P. OLCOTT,
HENRY TALMADGE,
GEORGE SHERMAN,
A. D. JUILLIARD.
CLASS OF 1890.
A. A. Low,
FRED.'K H. COBSITT,
JACOB D. VERMILYE,
WM. ALLEN BUTLER,
PERCY R. PYNE,
WM. H. APPLETON,
EDMUND W. CORLIES,
GEO. MACCULLOCH MILLER,
CORNELIUS N. BLISS.
United States Trust Company of }}ew York,
No. 49 WALL STREET.
CAPITAL AND SUBPLUS,
SIX MILLION DOLLARS.
This Company is a legal depository for moneys paid into Court, and
is authorized to act as guardian or trustee.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time and withdrawn after five days' notice,
and will be entitled to interest for the whole time they may remain with
the Company.
Executors, Administrators, or Trustees of Estates, and Females
unaccustomed to the transaction of business, as well as Keligious and
Benevolent Institutions, will find this Company a convenient depository
for money.
JOHN A. STEWART, President. GEORGE BLISS, Vice-PrfsiOent.
JAMES S. CLARK, Second Vice- President.
DAN II. ARNOLD,
THOMAS SLOCOMB,
CHARLES E. BILL,
WILSON G. HUNT,
CLINTON GILBERT,
DANIEL D. LORD,
SAMUEL SLOAN,
JAMES LOW,
WM. WALTER PHELPS,
D. WILLIS JAMES,
HENRY L. THORNEL
TRUSTEES :
JOHN J. ASTOR,
JOHN A. STEWART,
S. M. BUCKINGHAM, Po'k'psie,
HENRY E. LAWRENCE,
ISAAC N. PHELPS,
ERASTUS CORNING, Albany,
S. B. CHITTENDEN, Brooklyn,
JOHN HARSEN RHOADES,
ANSON PHELPS STOKES,
ROBERT B. MINTURN,
GEO. HENRY WARREN,
GEORGE BLISS,
WILLIAM LIBBEY,
JOHN CROSBY BROWN,
EDWARD COOPER,
W. BAYARD CUTTING,
CHARLES S. SMITH.
WILLIAM ROCKEFELLER,
ALEXANDER E. ORR,
WILLIAM H. MACY, JR.
L, Secretary.
LOUIS G. HAMPTON, Assistant Secretary.
THE
Real Estate Trust Co
OF PHILADELPHIA,
JsTo. ± 34=O dxes-bn-u-ti
CAPITAL, $5OO,OOO.
Receives Deposits of money payable by check and allows interest thereon;
also receives, for safekeeping, Securities and other valuables, and rents
Safe Deposit boxes in burglar-proof vaults.
Receives Trusts of every description, acting as Executor, Administrator,
Assignee, etc., and executing surety for the faithful performance of any
Trust or Office.
Acts as Af/ent or Attorney for the sale or management of Keal Estate,
and insures titles to Eeal Estate and Mortgages.
OFFICERS:
PRESIDENT— FRANK K. HIPPLE.
SECRETARY— WILLIAM R. PHILLER.
TREASURER— WILLIAM F. NORTH.
REAL ESTATE OFFICER— THOMAS B. PROSSER.
DIRECTORS:
FRANK K. HIPPLE, HENRY C. GIBSON, LEMUEL COFFIN,
BEAUVEAU BORIE, WILLIAM M. SINGERLY, JOHN WANAMAKER,
GEORGE PHILLER, EDWARD T. STEEL, CHARLES W. HENRY,
JOHN F. BETZ, THOMAS DOLAN, R. DALE BENSON.
SOLICITOR— GEORGE JUNKIN.
The Investment Company
OF PHILADELPHIA,
3STo. 3±O OHESTITTJT STIRiEIET-
CAPITAL, $4,OOO,OOO, FULL PAID.
CONDUCTS A GENERAL BANKING BUSINESS.
Allows interest on Cash Deposits, subject to check, or on Certificates.
Buys and sells Bills of Exchange, drawing on BAKING BEOS. & Co., London ;
PEEIEE FRERES ET CIE, Paris ; MENDELSSOHN & Co., Berlin, and on PAUL
MENDELSSOHN-BAETHOLDY, Hamburg.
Negotiates Securities — Railroad, State, Municipal, etc. Offers for sale
first-class Investment Securities.
WILLIAM BROCKIE, President.
WHARTON BARKER, Vice-President.
HENRY M. HOYT, Jr., Treasurer.
ETHELBERT WATTS, Secretary.
BOARD OF DIRECTORS.
WILLIAM BEOCKIE, GEOEGE S. PEPPEE, MOETON MCMICHAEL,
WHAETON BAEKER, HENEY C. GIBSON, T. WISTAE BROWN,
ISAAC H. CLOTHIER.
ADVISORY COMMITTEE OF STOCKHOLDERS.
William Potter, John G. Heading, Hamilton Disston,
George M. Troutman, Joseph E. Gillingham, Clayton French,
Gustavus English, John Wanamaker, Francis Rawle,
William Pepper, M.D., Henry E. Smith, William Wood,
Thomas Dolan, Craige Lippincott, Walter Garrett.
49
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NUAL OF
period every Report made by ilie several C
i made the subject of careful investigation ;
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50
ESTABLISHED 1872.
BONDS OF SURETYSHIP.
NO OTHER BUSINESS.
THE GUARANTEE COMPANY
OF NORTH AMERICA.
THE OLDEST AND LARGEST IN AMERICA.
Conducted under an experience of over thirty years.
Assets and Resources nearly - - $1,000,000
Special Deposit in the United States, - 214,000
Losses paid to date over 500,000
Head Office, 157 St, James St., Montreal,
Hon, JAS, FERRIER, President, Sir ALEXANDER T, GALT, Vice-President,
EDWARD RAWLINGS, Managing Director,
UNITED STATES BRANCHES:
NEW YORK, 111 Broadway, . . . . D. J. TOMPKINS, Secretary.
BOSTON, 17 Central Street, G. W. GREGERSON, Agent.
PHILADELPHIA, 506 Walnut Street, . . A. F. SABINE, Resident Secretary.
BALTIMORE, 5 Produce Exchange, . . . W. S. WILKINSON, Agent.
PITTSBURGH, 102 Fourth Avenue, . . . WM. M. GRANGER, Agent.
CHICAGO, 175 La Salle Street JAS. GRANT, Secretary.
ST. LOUIS, 117 North Third Street, . . . CHAS. L. CASE, Agent.
LOUISVILLE, Bank Clearing House, . . . CLINTON McCLARTY, Agent.
NASHVILLE, 8 Noel Block MORHOW BROS. & COOLEY, Agents.
RICHMOND, 11041.,' Main Street, . . . PI.EASANTS & Co. , Agents.
DETROIT, 32 Congress Street, .... WM. KINGSLEY, Agent.
51
BONDS OF SURETYSHIP.
214 and 216 BROADWAY, NEW YORK.
Cash Capital,
Assets, May 1st, 1887, -
$250,OOO OO
610,746 85
WM. M. RICHARDS, President.
GEO. F. SEWARD, Vice-President.
JOHN M. CRANE, Secretary.
ROB'T J. HILLAS, Ass't Sec'y.
BONDS FURNISHED FOR OFFICERS AND EMPLOYES OF RAILROADS,
EXPRESS, TELEGRAPH, AND TRANSPORTATION COMPANIES,
BANES, PUBLIC INSTITUTIONS, CORPORATIONS,
AND COMMERCIAL FIRMS.
The guarantee of this Company is accepted by the Courts of New York, Pennsylvania,
Massachusetts, Connecticut, California, and other States, in lieu of two individual sureties.
DIRECTORS.
GEO. S. COE, President American Exchange
National Bank.
J. S. T. STRANAHAN, Pres. Atlantic Dock Co.
ALEX. E. ORR, Pres. N. Y. Produce Exchange.
G.G. WILLIAMS, Pres. Chemical National Bank.
A. B. HULL, Retired Merchant.
H. A. HURLBUT, President of Commissioners
of Emigration.
J. D. VERMILYE, Pres. Merchants' National
Bank.
JOHN L. RIKER, of J. L. & D. S. Riker.
A. S. BARNES, of A. S. Barnes & Co.
J. G. McCULLOUGH, Pres. Panama Railroad Co.
THOS. S. MOORE, of Moore, Low & Wallace.
WM. M. RICHARDS, President.
GEO. F. SEWARD, Vice-President.
GENERAL AGENCIES.
Atlanta, Ga.— W. T. CRENSHAW.
Baltimore, Md.— BIKCKHEAD & SON, Firemen's
Building.
Bangor, Me.— BLAKE, BARROWS & BROWN.
Boston, Mass.— ELLISON, BAKER & COOLIDGE, 70
Water Street.
Chicago, 111.— GEO. W. MONTGOMERY & Co., 206
La Salle Street.
Cleveland, Ohio— E. B. TIDD.
Denver, Col.— PACKARD & WILSON.
Detroit, Mich.— BOWEN, DOUGLASS & WHITING,
Attorneys.
Duluth, Minn.— R. W. BAKER, Board of Trade.
Grand Rapids, Mich.— E. E. WINSOR.
Jacksonville, Fla.— FRANK R. OSBORNE.
Kansas City, Mo.— B. T. WHIPPLE & Co.
Milwaukee, Wis.— EDWIN UPSON, 80 Michigan St.
Minneapolis, Minn. — JACOB STONE.
New Orleans, La.— MARSHALL J. SMITH & Co.
Philadelphia, Pa.— C.'A. DUY, 154 S. Fourth St.
Pittsburgh, Pa.— J. H. SCOTT & Co.
Richmond, Va.— J. B. MOORE, 1106 Main Street.
Rochester, N. Y.— M. E. WOLLF.
San Francisco, Cal.— JAS. R. GARNISS, 219 San-
some Street.
Springfield, Mass.— A. P. CHILDS.
St. Louis, Mo.— W. G. BENTLEY & Co., 417 Locust
Street.
St. Paul, Minn.— I. E. ATHERTON.
THE NEW ENGLAND TRUST CO.,
85 Devonshire Street, Boston.
CAPITAL, invested in United States Bonds, - - $1,000,000
GUARANTEE FUND, invested in United States Bonds, 500,000
This Company acts as TRUSTEE for Estates, Railroads, and other Corpora-
tions ; also as TRANSFER AGENT, and for the payment of Bonds, Coupons,
and Dividends ; and it is authorized to receive money or property on
DEPOSIT, from Courts of Law, Equity, or Individuals.
ALL DEPOSITS ARE SUBJECT TO CHECK.
Interest Allowed on Deposits at Current Rates,
SPECIAL ATTENTION GIVEN TO ACCOUNTS WITH LADIES,
President.
WIL'LIAM ENDICOTT, JR.
Vice- Presidents.
CHARLES H. DALTON. HENRY A. WHITNEY. CHARLES F. CHOATE.
Directors.
NATHANIEL J. BRADLKE. JACOB EDWARDS. FREDERICK L. AMES.
AMOS W. STETSON. EDMUND DWIGHT. T. JEFFERSON COOLIDOE.
CHARLES U. COTTING. JOHN F. ANDERSON. FRANKLIN HAVEN, Jr.
J. LEWIS STACKPOLE. ALEXANDER COCHRANE. ROBERT CODMAN.
JAMES J. STOKROW. NATHANIEL THAYER HENRY C. WESTON.
DAVID R. WHITNEY, Actuary. NATH. H. HENCHMAN, Secretary.
TH E
MORTGAGE TRUST COMPANY
OF PENNSYLVANIA,
I 13 South Fourth Street,
WISTAR MORRIS.
PHILIP C. GARRETT.
DAVID SCULL.
FRANCIS R. COPE.
JOSEPH E. GILLINGHAM.
N. PARKER SHORTRIDGE.
ISAAC H. CLOTHIER.
DIRECTORS.
BEXJ. H. SHOEMAKER.
CHARLES ROBERTS.
T. WISTAR BROWN.
FRANCIS C. YARNALL.
JOHN B. GEST.
CHARLES HARTSHORNE.
JOEL J. BAILY.
PHILADELPHIA.
JOHN W} WRIGHT.
CHAS. BENJ. WILKINSON.
THOMAS WILLIAMS. Jr.
G. COLESBERRY PURVES.
GEORGE B. ROBERTS.
JOHN W. PATTON.
This Company issues its 5% Debenture Bonds, secured by
mortgages which arc first Uens on real estate.
UNION !IB it ur e 1s o
6.11 and 613 Chestnut St., PHILADELPHIA.
AUTHORIZED CAPITAL,
PAID-UP CAPITAL, -
CHARTER PERPETUAL.
$lfOOO,OOO
5OO,OOO
Acts as Executor, Administrator, Assignee, Receiver, Guardian. Attorney, Agent, Trustee,
and Committee, alone or in connection with an individual appointee.
Takes charge of property, collects and remits interest and income promptly, and dis-
charges faithfully the duties of every trust known to the law,
All Trust assets kept separate from those of the Company.
Burglar-Proof Safes and Boxes (having chrome steel doors) to rent at $5 to $50 per annum
in their new and elegant chrome steel FIKE ANO BlROiI.AK-Pii.OoV VAULTS,
protected by improved Time Locks.
Wills kept in vaults without charge. Bonds and Stocks, Plate and all valuables securely
kept under guarantee at moderate charges. Paintings, Statuary, Bronzes, etc., kept in fire-
proof vaults. Money received on Deposit at interest.
JA3IES LONG, President.
JOHN G. READING, Vice-President.
MAHL.ON S. STOKES, Treasurer and Secretary.
D. R. PATTERSON, Trust Officer.
DIRECTORS.
James Long, William S. Price, Wm. H. Lucas, Theodor C. Engel,
Alfred S. Gillett, John T. Monroe, D. Hayes Agnew, M.D., Jacob Naylor,
Joseph Wright, W. J. Nead, Joseph I. Keefe, Thomas G. Hood,
Dr. Chas. P. Turner, Thomas R. Patton, Robert Patterson, Edward L. Perkins,
John G. Reading,
Samuel Riddle, Glen Riddle. Pa., Edmund S. Doty, Mifflintown,
Dr. George W. Reily, Harrisburg, W. W. H. Davis, Doylestown,
J. Simpson Africa, Huntingdon, R. E. Monaghan, West Chester,
Henry S. Eckert, Reading, Charles W. Cooper, Allentown
54
THE
2O
CAPITAL,
SURPLUS,
22 "W±ll±a,:m- Streets,
NEW YORK CITY.
- - - ' - $1,000,000
- - - - 2,700,000
INTEREST ALLOWED ON DEPOSITS, which may be made and withdrawn
at PLEASURE.
This Company acts as EXECUTORS, ADMINISTRATORS, TRUSTEES,
GUARDIANS, RECEIVERS, and in all other FIDUCIARY CAPACITIES. Trans.
fer Agents and Registrars of the Stocks of Incorporated Companies.
JOHN J. ASTOR.
ROBERT LENOX KENNEDY.
SAMUEL SLOAN.
WM. WALTER PHELPS.
N. L. MCCREADY.
WILLIAM REMSEN.
EDGAR S. ATJCHINCLOSS.
JAS. ROOSEVELT.
THOMAS RUTTER.
DIRECTORS.
W. H. WlSNER.
S. CLARK JERVOISE.
GARDNER R. COLBY.
ISAAC BELL.
PERCY R. PYNE.
A. R. VAN NEST.
R. L. CUTTING.
CHARLES E. BILL.
EDWARD R. BELL.
W. W. ASTOR.
C. H. THOMPSON.
DENNING DUER.
ROBERT C. BOYD.
FREDERICK BILLINGS.
MOSES TAYLOR PYNE.
HENRY HENTZ.
R. G. ROLSTON.
ALEX. T. VAN NEST.
R. G. ROLSTON, President. W. D. SEARLS, Vice-Pres. W; H. LEUPP, Sec'y.
55
A. F. DAY, Manager. J. D. BROWER, Assistant.
Deposit Vault,
35 WILLIAM STREET,
Cor. Exchange Place, NEW YORK.
PLEASE CALL AND EXAMINE OUR
Burglar and Fire-Proof Vault
UNDER THE SUPERVISION OF
THE BAM OF THE STATE OF NEW YORK
Which provides unquestionable protection for STOCKS, BONDS, MORT-
GAGES, JEWELRY, etc., so much needed in these days of Conflagrations,
Bobberies, and Riots. Our nearness to you diminishes the risk of transporta-
tion of the securities.
NO EXPENSE WAS SPARED IN ITS CONSTRUCTION,
The design being to make it THE MOST IMPREGNABLE AND BEST
VENTILATED VAULT in the city. It is additionally protected by
Holmes' Burglar Alarm, Time Locks, and other devices for security. And
an ample force of armed watchmen both day and night. Private rooms for
our customers.
Rental of Boxes, $10 to $250 per Annum.
Open from 9 A.M. to 4.30 P.M., daily, except Sundays and Legal Holidays.
. S. POSTAL NOTES
CEPAH ST-
O
H
O
LU
Z
z
O
O
O
Z
WORKS OF THE COMPANY, TRIBUNE BUEUD8NQ.
DIRECTORS.
WILLIAM L, STRONG President,
V. Pres. Central National Bank.
WILLIAM A. WHEELOCK,
Late Pres. Central Nat'! Bank.
A. D. JUILLIARD,
Trustee Central Trust Co.
WM. A. CAMP,
Manag-er N.Y, Clearing- House
Gen. LOUIS FITZGERALD,
Pres. of the Mercantile Trust Co.
CALVIN S. BRICE,
V.Pres. East Tenn.V.&G.R.R.Co.
GARDINER F. McCANDLESS,
HOMER LEE, V. Prest. &Gen'l Mngr,
Gen. SAMUEL THOMAS,
Pres.EastTennVa.&Ga.R.R.Co
STEPHEN B. ELKINS,
| Pres. Piedmont Si Cum.R'yCo.
D. D. PARMLY,
Marquand and Parmly, Bankers.
R, St.JOHN BEASLEY, Treas.
J. D. MESSNER, Sect'y.
S. PERRY STURGES.
BONDS,
CERTIFICATES
OF STOCK, Etc.,
THIS COMP/l^Y
•fARE /CCEPTED BY THE
]STEw YORK
Stock Exchange.
This Company is patronized by the Governments of the United States,
Spain, Japan, Nicaragua, Cuba, Canada and others.
57
NOW READY.— AN IMPORTANT WORK.
SECOND ANNUAL NUMBER. CORRECTED TO JULY 15, 1887.
Poor's Directory of Railway Officials
KOR 1887.
A SUPPLEMENT TO POOR'S MANUAL OF RAILROADS.
Cloth, 400 Pages, Royal Octavo. Price, $2.00 per Copy.
CONTAINING LISTS OF
Officers of all Steain Railroad Companies in the United States and Canada ; Officers of all
Street Railroad Companies in the United States and Canada ; Officers of Private Tram and
Lumber Railroads, etc., etc.; Officers of Auxiliary Enterprises— Express, Sleeping Car,
and Equipment Companies, etc. , etc. ; Officers of Industrial Enterprises Dependent on the
Railway System — Car Axle Manufacturers, Car Builders, Car- Wheel Manufacturers, Car-
Spring 'Manufacturers, Rail Mills, Locomotive Builders, Bridge Builders, Contractors, etc.,
etc.; Officers of Associations of Railroad Officials and of Railroad Employes, Boards of
Railroad Commissioners, etc., etc.
TO THESE ARE ADDED
Special lists of General Managers, General Superintendents, Chief Engineers, Master
Mechanics, Master Car Builders, Master Car Painters, General Freight and Passenger
Agents, Purchasing Agents, etc. ;
An Alphabetical Index to the Names of all the Officials above mentioned, with a con-
venient system of reference, showing Lines with which each is connected ; and
An Alphabetical Index of Cities and Towns, by means of which can be ascertained the
Names of all Officials in any particular city or town at once.
FOREIGN RAILROADS.
In addition to the information given respecting the Railroads cf the United States ajd
Canada, the very excellent list of Railroads in Mexico, West Indies, Central America,
South America, and Hawaiian Islands given in last number of this work, and which proved
such an acceptable feature of the book has been very much improved and elaborated.
COMMENTS OF THE PRESS:
" The least that can be said of this volume is that it is >\s accurate as it is comprehensive ; it is far ahead
of any publication of the Rind which has yet been attempted, and will be an extremely useful work of refer-
ence. "--Railroad Gazette. "Brings within convenient compass most of the information required regard-
ing railway officials. * * * The value of the book is so self-evident that a further review seems unneces-
sary."—/tatoay Neios. "In its way, fully as valuable as the MANUAL."— Boston Commercial Bulletin.
" Of great value to the commercial industries of this country."— London (Eng.) Bultionist. " Useful
to those dealing with railroad companies."— American Machinixl. "Will undoubtedly prove of much
value and service to many." — Iron, Aye. "This immense compilation will be useful as a mailing guide.
That there is a demand for it is evidenced by its publication : the Poors have a keen scent for success and
know how to make it. The list of railways in Mexico, Central and South America, which concludes this
volume, is the neatest and most compact statement of the subject we have seen."— New Orleans Picayune.
The value of the " DIRECTORY " to all the Industrial interests of the country is evident
from the above brief summary of its contents. It is a comprehensive guide to thepersonnel
of our Railways as is the "MANUAL "to their financial condition. The " DIRECTORY "
supplements the " MANUAL," with much information not given in that work, yet which is
needed by every interest connected with railways, and by many others who wish to have
before them the names contained in the above comprehensive lists.
The work will be invaluable as a Mailing List for every branch of trade, giving
for the first time the means of canvassing thoroughly all classes associated with the
Railway interests of the country, the ' ' DIRECTORY " containing the- names of 30,000 persons
occupying important official positions.
The price of the book is $2.00 per copy, delivered free.
H. V. & H. W. POOR,
70 Wall Street, NEW YORK.
58
& CO.,
>
Bankers,
CHESTNUT AND FIFTH STS., PHILADELPHIA, PA.
DREXEL, MORGAN & CO,, DREXEL, HARJES & CO,,
COR, BROAD & WALL STS., NEW YORK. | 31 BOULEVARD HAUSSMAN, PARIS.
ISSUE
Commercial and Travelers' Letters of Credit
AND BILLS OF EXCHANGE ON ALL PARTS OF EUROPE,
Negotiate State, Municipal and Railroad Securities.
BUY AND SELL GOVERNMENT BONDS AND STOCKS.
Transact a General Banking Business.
POOR & GREENOUGH
36 Wall Street, New York,
AGENTS FOR THE
English Association of American Bond and
Shareholders of London.
Collect for foreign holders Dividends, Coupons, or
Drafts, pat/able in any part of the United States.
Buy and Sell Government Bonds or Railway Securities
in all markets.
Railway Investments a Specialty.
POOR & GREENOOGH, Bankers, 36 Wall Street, NEW YORK.
/
^
/m
COPYRIGHT, 1887,
BY POOR'S RAILROAD MANUAL CO.
Press of J. J. Little & Co.
Astor Place, New York.
ESTABLISHED 1831.
ANNUAL CAPACITY, OOO.
BALDWIN LOCOMOTIVE WORKS,
Burnham, Parry, Williams & Co., Prop's,
PHILADELPHIA, PA.,
MANUFACTHREKS OF
LOCOMOTIVE ENGINES,
Adapted to overy variety of service, and built accurately to standard guages and templates.
LIKE PARTS OF DIFFERENT ENGINES OF SAME CLASS PERFECTLY INTERCHANGEABLE.
PASSENGER AND FREIGHT LOCOMOTIVES,
NARROW-GUAGE LOCOMOTIVES,
Mine Locomotives, Contractors' Locomotives, Locomotives for Iron Fiiriiuf.cs,
Logging Railroads, Sitsrar Estate Railroads, Rolling Mills, etc.
Illustrated Catalogues. Photographs, and Estimates furnished on application of Customers. All
work thoroughly guaranteed.
NOISELESS STEAM MOTORS,
For City and Suburban Railways.
These machines are nearly noiseless in operation ; show no smoke with the use of anthracite coal
or coke as fuel, and show little or no steam under ordinary conditions of service. They can be run at
two or three times the speed of horse cars and draw additional cars. Circulars with full particulars
supplied.
K~r[ BURNHAM' PARRY> WILLIAMS s co-
WILLIAM P. HKXZKY, \V.M I. . Ars-nx. ' ) PHI L A F)EI-F»HIA, PA.
60
WILLIAM SELLERS & CO.,
INCORPORATED.
PHILADELPHIA, PA.,
MANUFACTURERS OF
MACHINE TOOLS
FOR WORKING IRON AND STEEL.
IMPROVED TURNTABLES
For Locomotives, Cars, Pivot Bridges, etc.
HIGH SPEED TRAVELING AND SWING CRANES.
Shafting, Pulleys, Hangers, Couplings, etc.,
FOR TRANSMITTING POWER.
IMPROVED SELF-ADJUSTING INJECTOR of 1876,
Started, Stopped, and Regulated by a Single Lever.
GENERAL INDEX.
THE following are the present titles of the Railroad Companies whose
statements are given in the MANUAL. Many of these comprise lines constructed
under different names. A list is given on pages 1034 et seq. of former com-
panies, the titles of which have been changed, or whose lines have been ac-
quired by others, with the name of the company to which reference is now to
be made.
STEAM RAILROAD COMPANIES.
A I'ACJE |
Addison RR 27
Addison and Northern Pennsylvania Ry . 91
Adirondack 92
Alabama Great Southern RR 663
Alabama, Florida and Atlantic Ry 1024
Albany and Susquehanna RR. (D. & H. C.). 148
Albany and Vermont RR 151
Albemarle and Raleigh RR 564 j
Albert Ry 903
Alexandria and Fredericksburg Ry 565
Alexandria and Washington RR 565
Allegan and Lake Shore RR 355
Allegheny Valley RR 93
Allentown RR ' . .- 287
Alliance, Niles and Ash tabula RR 355
Amador Branch RR 887
Americus, Preston and Lumpkin RR.566, 1024
Amsterdam, Chuctanunda and Northern
RR 202
Anglesea 95
Annapolis and Baltimore Short Line RR. 95
Annapolis, Washington and Baltimore RR. 95
Anniston and Atlantic RR 664
Antwerp and Paulding RR 356
Arizona Mineral Belt RR 855
Arizona and New Mexico Ry 854
Arizona Narrow Gauge RR 855
Arkansas and Louisiana Ry 723
Arkansas Midland RR 7:24
Arnot and Pine Creek RR 330
Aroostook River RR 923
Ashburnham (Fitchburg) RR 37
Asheville and Spartanburg RR 566
Ashland Coal and Iron Ry . 665
Ashley River RR 577
Ash tabula and Pittsburgh Ry 356
Ashuelot RR 34
Atrhison, Colorado and Pacific RR 963
Atchison, Jewell Co. and Western RR 983
Atchison, Topeka and Santa Fe RR 713
Atlanta and Charlotte Air-Line Ry 629
Atlanta and West Point RR 567
Atlantic Coast, St. John's and Indian
River Ry 595
Atlantic and Danville Ry 568
Atlantic and North Carolina RR 569
Atlantic and Northwest Ry 907
Atlantic and Pacific RR 722 & 724
Atlantic and St. Lawrence RR 1
Atlantic, Tennessee and Ohio RR 579
Attleborough Branch 22
Augusta and Chattanooga RR. (and Bank-
ing) -. 570
Augusta, Gibson and Sandersville RR. . . 570
Augusta and Knoxville RR 621
Augusta and Savannah RR 987
Austin and Northwestern RR 727, 981
Avon, Geneseo and Mount Morris RR 215
Bachman Valley RR. of Penna 340
Bachman Valley RR. of Maryland 340
Baie des Chaleurs Ry 981
Bald Eagle Valley RR 257
Baltimore and Cumberland Valley RR. . 340
Baltimore and Cumberland Valley Ry .... 339
Bait, and Cumb. Valley RR. Extension.. 340
61
62
GENERAL INDEX.
PAGE
Baltimore and Delaware Bay RR 96
Baltimore and Hanover RR, 340
Baltimore and Harrisburg RR 340
Baltimore and Ohio RR 96
Baltimore and ObioRR. — Auxiliary Lines 106
Baltimore and Ohio and Chicago RR 104
Baltimore and Ohio Short Line RR 109
Baltimore and Philadelphia RR 106
Baltimore and Potomac RR 109
Bangor and Katahdin Iron Works 2
Bangor and Piscataquis RR 3
Bangor and Portland Ry Ill
Barclay Coal RR 112
Barnwell 647
Barren County (Glasgow Br.) 686
Batesville and Brinkley RR 728
Bath and Hammonclsport RR 112
Bay and Coast RR 876
Bay of Quinte Ry. and Navigation 903
Bay Ridge and Annapolis RR 348
Bay View, Little Traverse and Mackinaw
RR 358
Bear Lake and Eastern RR 358
Bedford and Bridgeport RR 257
Beech Creek RR 113
Belfast and Moosehead Lake RR 48
Bellaire and St. Clairsville Ry 359
Bellaire, Zanesville and Cincinnati Ry. . . 359
Bellefonte, Nittany and Lemont RR 244
Belleville and Carondelet RR ... 528
Belleville and Eldorado RR 528
Belleville and Southern Illinois RR 528
Bell's Gap RR 114
Belt of Chicago Ry 360
Belt RR. (and Stock Yard) 467
Belvidere Delaware RR 257
Bennington and Glastenbury RR 3
Bennington and Rutland Ry 4
Bergen County RR 215
Berkeley Branch RR 887
Berkshire RR 44
Berlin RR 108
Berlin Branch RR 340
Big Level and Kinzua RR 349
Birmingham and Atlantic Air- Line RR. . 981
Birmingham Mineral 686
Birmingham, Selma and New Orleans RR. 665
Bishopville RR 571
Black Hills and Fort Pierre RR 797
Blue Ridge (S. C.) RR 583
Blue Spring, Orange City and Atlantic RR. 662
Bodie and Benton Ry 856
Boone County and Booneville RR 550
PAGE
Booneville, St. Louis and Southern RR . . 772
Boston and Albany RR ~>
Boston, Barre and Gardner (Fitchburg) . . 37
Boston, Concord and Montreal RR 10
Boston, Hoosac Tunnel & West'n Ry.115, 1025
Boston and Lowell RR 8
Boston and Maine RR 13
Boston and New York Air-Line RR 69
Boston and Providence RR 20
Boston, Revere Beach and Lynn RR 22
Boston, Winthrop and Shore RR 22
Howling Green and Toledo RR 361
Bradford Ry 124
Bradford, Bordell and Kinzua RR 349
Bradford, Bordell and Smethport RR. . . . 350
Bradford, Eldred and Cuba (N. Y.) RR. . 116
Bradford, Richburg and Cuba RR 117
Brantford, Norvvalk and Port Burwell Ry. 914
Brattleboro and Whitehall RR 23
Bridgton and Saco River RR 23
Bright Hope Ry 571
Brockwayville and Punxutawney RR 128
Brooklyn, Bath and West End RR 117
Brooklyn Elevated RR 117
Brooklyn, Flatbush & Coney Island RR. . 119
Brooklyn and Jamaica RR 182
Brooklyn and Rockaway Beach RR 119
Brooklyn and Montauk 182
Brunswick and Chillicothe RR 550
Brunswick and Western RR 572
Buckingham RR 626
Buckley and Douglass RR 361
Buffalo, Bradford & Pittsburgh (Erie) RR 216
Buffalo Coal Co 134
Buffalo Creek RR 120
Buffalo Creek and Transfer RR 120
Buffalo Erie Basin RR 202
Buffalo and Lake Huron Ry 914
Buffalo, New York and Erie (Erie) RR. . . 216
Buffalo, New York and Phila. Ry. . .121, 1025
Buffalo, Rochester and Pittsburgh Ry. . . . 125
Buffalo and Southwestern RR 215
Burlington, Cedar Rapids & Northern Ry. 799
Burlington and Lamoille RR 24
Burlington and Northeastern RR 24
Burlington and Northwestern Ry 797
Burlington and Western RR 798
Cahaba Ry. (Coal) 666
Cairo RR 132
Cairo, Vincennes and Chicago 362, 554
California Pacific RR.. .887
GENERAL INDEX.
63
California Short Line Ry 856
California Southern RR 122, 857
Cambridge Extension RR 471
Cambridge and Seaford RR 297
Camden and Atlantic RR 128
Camden and Burlington County RR. .' 257
Camden, Gloucester & Mt. Ephraim Ry. . 130
Canada Atlantic Ry 903
Canada, Railways in 901
Canada Southern Ry 495
Canada Southern Bridge 494
Canadian Pacific Ry 904
Canal RR 160
Canton, Aberdeen and Nashville RR 459
Canton and Waynesburg RR 3;52
Cape Fear and Yadkin Valley Ry 572
Cape Girardeau Southwestern Ry 729
Cape May and Se well's Point RR 130
Carbondale and Shawneetown RR 529
Carillon and Grenville RR 908
Carolina Central RR 574
Carson and Colorado RR 85S
Carson & Colorado RR. , Second Division . 858
Carson & Colorado RR., Third Division. . 858
Carthage and Adirondack Ry 130
Carthage, Watertown & Sackett's Harbor
RR 312
Catasauqua and Fogelsville RR 131
Catawissa RR 287
Catonsville Short Line RR Ill
Catskill Mountain Ry 131
Cayuga and Susquehanna RR 156
Cedar Falls and Minnesota RR 803
Cedar Rapids, la. Falls & Northw'n Ry. . 800
Cedar Rapids and Marion Ry k 803
Centerville, Moravia and Albia RH 758
Central RR.& Banking Company of Georgia 983
Central Branch Union Pacific RR 982
Central Iowa Ry 804, 1025
Central Massachusetts RR 10
Central Ontario Ry 908
Central RR. of New Jersey 287, 1025
Central Ohio (B. & 0.) RR 105
Central Pacific RR 880
Central of South Carolina RR 575
Central Texas and Northwestern RR 729
Central Union Depot and Ry. of Cincinnati 363
Central Vermont RR 25, 1028
Centreville, Moravia and Albia RR 545
Chagrin Falls and Southern RR 363
Charleston, Cincinnati & Chicago RR 577
Charleston and Savannah Ry 576
Charlotte, Columbia and Augusta RR. . . . 578
Charlotteburg and Green Lake RR 132
Charlottesville and Rapidan RR 653
Chartiers Ry 350
Chattaroi (C. , C. & C.) Ry 577
Chateaugay RR 133
Chatham Branch RR 909
Chautauqua Lake Ry 988
Chelsea Beach RR 18
Chemung RR 233
Cheraw and Chester RR 579
Cheraw and Darlington RR 580
Cheraw and Salisbury RR 580
Cherokee (E. & W. of Ala.) RR 674, 1028
Cherry Grove RR 330
Cherry Valley RR 730
Cherry Valley, Sharon and Albany RR. . . 149
Chesapeake and Nashville Ry 666
Chesapeake and Ohio Ry 603
Chesapeake, Ohio and Southwestern RR. . 605
Cheshire RR 28
Chester RR 156
Chester Creek RR 297
Chester and Delaware River RR 288
Chester and Lenoir, N. G. RR 579
Chester Valley RR 288
Chestnut Hill RR 288
Cheyenne arid Northern Ry 849
Chicago and Alton 364
Chicago and Atlantic Ry 368
Chicago, Burlington and Kansas City
Ry 805
Chicago, Burlington and Northern RR. . . 387
Chicago, Burlington & Quincy RR 388
Chicago and Canada Southern Ry 370
Chicago, Detroit & Ca. G'd Trunk Jc. Ry. 397
Chicago and Eastern Illinois RR 371
Chicago, Evanston and Lake Superior Ry. 554
Chicago Extension 722
Chicago, Fairchild & Eau Claire Riv. RR. 398
Chicago, Freeport and St. Paul Ry 995
Chicago and Grand Trunk Ry 373
Chicago and Great Southern (C. & I. C.
RR.) 374
Chicago and Great Western RR 988
Chicago, Havana & Western RR 460
Chicago and Indiana (Coal) Ry 374
Chicago and Iowa RR, 376
Chicago, Iowa and Dakota RR 806
Chicago, Kansas & Western RR 722
Chicago, Kansas City and Texas Ry 996
Chicago, Milwaukee and St. Paul Ry. 398, 966
Chicago and Northwestern Ry 377, 989
Chicago and Ohio River RR 383
64
GENERAL INDEX.
Chicago, Peoria and St. Louis Ry 469
Chicago, Portage and Superior R R 405
Chicago, Rockford and Northern RR 376
Chicago, Rock Island and Pacific Ry. . . . 996
Chicago and St. Louis Ry 407
Chicago, St. Louis and New Orleans RR. . 459
Chicago, St. Louis and Pittsburgh RR . . . 403
Chicago, St. Louis & West'n (C. & St. L.) 407
Chicago, St. Paul and Kansas City Ry. . 1000
Chicago, St. Paul, Minn, and Omaha Ry. 404
Chicago, Santa Fe & California Ry 407
Chicago and Springfield RR 460
Chicago and Western RR 383
Chicago and Western Indiana RR 384
Chicago and West Michigan Ry 385
Chicago, Wisconsin and Minnesota RR. . 1021
Chippewa Falls and Western RR 1013
Cincinnati, Columbus & Hock. Valley Ry 412
Cincinnati and Eastern Ry 4 )8
Cincinnati, Georgetown & Portsmouth RR 412
Cincinnati and Green River Ry 667
Cincinnati, Hamilton and Dayton RR. . . 1001
Cincinnati, Hamilton and Indianapolis
RR 1004
Cincinnati, Hocking Valley and Hunting-
ton RR 555
Cincinnati, Indianapolis, St. Louis and
Chicago Ry 413
Cincinnati, Jackson and Mackinaw RR . . 416
Cincinnati, Lafayette and Chicago RR> . . 415
Cincinnati, Lebanon and Northern Ry . . . 418
Cincinnati and Muskingum Valley Ry. . . . 409
Cincinnati, New Orleans and Texas Pacific
Ry 668
Cincinnati Northwestern RR 419
Cincinnati, Richmond and Chicago RR. 1004
Cincinnati, Richmond & Fort Wayne RR. 419
Cincinnati, Sandusky and Cleveland RR.. 562
Cincinnati, Selma and Mobile Ry 669
Cincinnati and Southeastern Ry 667, 1000
Cincinnati Southern Ry 668
Cincinnati and Springfield Ry 410
Cincinnati Street Connection RR 415, 482
Cincinnati, V.Wert& Mich.(C.,J.& M.)RR. 416
Cincinnati, Wabash and Michigan Ry. . . . 555
Cincinnati, Washington & Baltimore RR. 556
Cincinnati and Westwood RR 411
Cincinnati, Wheeling and New York RR. 420
City and Suburban (Savannah) Ry 581
Clarksburg, Weston and Glenville RR. . . 581
Clayton and Theresa RR 312
Clearfield and Jefferson RR 114
Cleveland, Akron and Columbus Ry 425
Cleveland and Canton Ry 421
Cleveland, Columb., Cin. & Indianapolis
Ry 426
Cleveland, Indiana and St. Louis (Mid-
land Indiana) Ry 496
Cleveland, Lorain and Wheeling RR 429
! Cleveland and Mahoning Valley Ry. . . : . . 218
Cleveland and Marietta Ry 422
Cleveland and Pittsburgh RR 423
Cleveland and Western RR 558
Cleveland, Youngstown and Pittsburgh. . 472
Clove Branch RR 133
Coal Railways in Nova Scotia
Coburg, Peterboro' and Marmora Ry 909
Cosur d'Alene Ry. and Nav. Co 1005
j Colchester Ry 69
I Colebrook Valley (C. & L.) RR 137
Colebrookdale RR 288
Colorado Central RR 849
Colorado Central of Wyoming 850
Colorado Midland Ry 730
Columbia and Greenville RR 582
Columbia and Port Deposit RR 257
Columbia and Puget Sound RR 858
Columbus and Cincinnati Midland RR. . . 559
Columbus and Eastern RR 431
Columbus, Hocking Valley & Toledo Ry. . 431
; Columbus, Hope and Greensburg RR 560
Columbus, Kinkora and Springfield RR. . 257
Columbus and Maysville Ry 559
Columbus and Rome Ry 583
Columbus, Springfield & Cincinnati RR. . 563
Columbus and Western Ry . , 670
Columbus and Xenia (L. M.) RR 482
C'olusa and Lake RR 859
Concord RR 29, 1005
Concord and Claremont RR. . . : 11
Concord and Portsmouth RR 30
Conesus Lake RR 216
Connecticut Central RR 66
Connecticut and Passumpsic Rivers RR . . 31
Connecticut River RR 33
Connecting (Philadelphia) Ry 257
Connecting Terminal RR 134
Connotton V'y (Cleveland & Canton) RR. 421
Consolidated of Vermont (Central Ver.)
HRs 25, 1028
Constable's Hook RR 288
Cooperstown & Susquehanna Valley RR. . 134
Corning, Cowanesque and Antrim Ry. . . . 135
Cornwall RR ' 136
Cornwall and Lebanon RR 137
Cornwall and Mt. Hope RR 136
GENERAL INDEX.
65
Coudersport and Port Alleghany RR 137
Council Grove, Osage City and Ottawa. . . 770
Covington and Macon RR 584
Crawford and Manistee RR 434
Credit Valley Ry 907
Cresson, Clearfleld County and New York
Short Route RR 138
Crooked Creek RR 807
Crown Point Iron RR 138
Crystal Ry 7ol
Cumberland Ry. and Coal 910
Cumberland and Maurice River RR 139
Cumberland and Pennsylvania RR 140
Cumberland Valley RR. 141
Dannemora (Chateaugay RR.) 133
Danbury and Norwalk 35
Danvers RR 18
Dansville, Mocksville & Southwestern RR 585
Danville and New River RR 584
Danville, Olney & Ohio Riv. (C.& O.R.) RR. 7*5
Danville and Shamokin RR 143
Dardanelle and Russellville RR 731
Dayton and Chicago 1005
Dayton and Ironton 1005
Dayton and Michigan RR 1004
Dayton and Toledo RR 560.
Dayton and Union RR 434
Dayton and Western RR 482
Dayton, Ft. Wayne and Chicago Ry. . . . 1005
Deerfield River (H. T. & W.) 43
DeLand and St. John's RR 595
Delaware RR 297
Delaware Bay and Cape May RR 153
Delaware and BounJbrook RR 288
Delaware and Chesapeake RR 298
Delaware and Hudson Canal 144
Del. & Hudson Canal, Alb. & Susq. Div. . 147
Del. & Hudson Canal, Champ. Division.. . 149
Del. & Hudson Canal, Saratoga Division . . 149
Del. & Hudson Canal, Utica Division. . . . 151
Delaware, Lackawanna and Western RR. 152
Delaware, Maryland and Virginia RR 298
Delaware and Raritan Canal 262
Delaware River RR ... 158
Denver and Boulder Valley RR 850
Denver Circle RR 734
Denver and Middle Park RR 850
Denver, Marshall and Boulder Ry S5')
Denver, Memphis and Atlantic Ry 772
Denver and New Orleans (D., T. & G.). . . 735
PAGE
Denver RR., I, and and Coal Co 734
Denver and Rio Grande RR 731
Denver and Rio Grande Western Ry 859
Denver, South Park and Pacific RR 850
Denver, Texas and Gulf RR 735
Denver, Utah and Pacific RR 736
Denver, Western and Pacific (D., M. &B.) 850
Des Moines and Fort Dodge RR 807
Des Moines and Minneapolis (C. & N. W.) 377
Des Moines Northwestern RR 550
Des Moines, Osceola & Southern RR 808
Detroit and Bay City 495
Detroit, Bay City and Alpena RR. . 435, 1028
Detroit, Grand Haven & Milwaukee Ry. . 436
Detroit, Hillsdale and Southwestern RR . 479
Detroit, Lansing and Northern RR 438
Detroit, Mackinac and Marquette RR. . . .1006
Detroit, Monroe and Toledo (L. S. & M. S.) 474
Detroit Union RR. (Depot and Station) . . 561
Dexter and Newport RR 49
Dillsburg and Mechanicsburg RR 143
Dorchester and Milton RR 75
Dover and Rockaway RR 289
Dover and Winnipiseogee RR 18
Dublin and Wrightsville 662
Dubuque and Dakota RR 809
Dubuque and Sioux City RR 809
Duck River Valley RR 700
Duluth and Iron Range RR. 810
Duluth Short Line Ry 834
Duluth, South Shore and Atlantic Ry lOOfi
Dunkirk, Allegheny Val. & Pittsb'h RR. . 158
East Alabama Ry 671
East Brandy wine and Waynesburg RR.. 257
East Broad Top RR 159
East Mahanoy RR 289
East Pennsylvania RR 289
East St. Louis and Carondelet Ry 440
East St. Louis Connecting Ry 440
East Tennessee, Va. and Georgia Ry 672
East Tenn. and West. N. Carolina RR. . . <>71
East Trenton RR 289
East and West RR. of Alabama. . . . 674, 1028
Eastern Maine RR 94
Eastern (Mass.) RR.. .". 18
Eastern (N. H.) RR 18
Eastern Extension Ry 916
Eastern Kentucky 675
Eastern and Western Air Line RR. (Cleve-
land and Western) 558
66
GENEKAL INDEX.
Eastern and Amboy liR 177
Eatonton Branch (C. of Ga.) ER 987
Ebensburgh and Cresson 258
Echo and Park City Ry 850
Eckhart Branch (C. & P.) •. . . 140
Edgewood (Coal) RR 159
Eel River RR „ 550
Elberton Air-Line RR 558
Elgin, Petitcodiac & Havelock Ry 910
Elizabethtown, Lexington & Big Sandy
RR C05
Elkton and Guthrie 68(5
Elmira, Cortland and Northern RR 160
Elmira, Jefferson and Canandaigua RR. . 233
Elmira and Lake Ontario RR 1033
Elmira State Line RR 330
Elmira and Williamsport RR 233
Emmitsburg RR 161
Enterprise RR 258
Erie and Black Rock RR 216
Erie and Genesee Valley RR 216
Erie and Huron Ry 911
Erie International Ry 216
Erie and Niagara (Canada Southern) 495
Erie and Pittsburgh RR 351
Erie and Wyoming Valley RR 161
Eufaula and Clayton Ry 987
Eureka and Palisade RR 860
Eureka Springs Ry 737
European and North American Ry .. . . 49
Eutawviile RR 586
Evansville and Indianapolis RR 441
Evansville and Terre Haute RR 441
Evansville, Terre Haute and Chicago Ry. 373
Evergreen Ry 162
Pair-land, Franklin and Martinsville RR. . 415
Fairmont, Morganstown and Pittsburgh
RR " 103
Fall River RR 75
Fall River, Warren and Providence RR. . 36
Fargo Southern (€., M. & S. P.) 399
Fargo and Southwestern RR 826
Fayette County RR 107
Ferro Monte RR 162
Fitchburg RR 37
Flint and Pere Marquette RR 443
Florida Midland RR 662
Florida Ry. and Navigation Co 586
Florida Southern Ry 587
Fonda, Johnstown and Gloversville RR. . 162
Fort Madison and Northwestern Ry 811
Fort Scott, Southeastern and Memphis
RR 755
Fort Smith and Van Buren Bridge 782
Fort Wayne, Cincinnati and Louisville RR 446
Fort Wayne and Jackson 479
Fort Worth and Denver City Ry 738
Fort Worth and Rio Grande Ry.- 739
Frankford and Holmesburg RR . . .. 258
Franklin and Megantic RR 36
Franklin and Pittsylvania, N. G. RR. . . . 653
Frederick and Pennsylvania Line RR. . . . 258
Fredericton Ry .' 923
Freehold and Jamesburg Agricultural RR. 258
Freehold and New York RR 163
Fremont, Elkhorn and Missouri Valley
RR 1007
Fulton County Extension Ry 446
Fulton County Narrow-Gauge RR 446
Gainsville and Dahlonega RR 588
Gainesville, Jefferson and Southern RR. . 593
Galveston, Harrisburg and San Antonio
Ry 888
Galveston, Houston and Henderson RR. . . 739
Galveston, Sabine and St. Louis Ry 740
Garnerville 194
Genesee Valley Canal RR 124
Genesee Valley Terminal RR 124
Geneva. Ithaca and Sayre RR 163
Geneva and Lyons RR 202
George's Creek and Cumberland RR 164
Georgetown RR 749
Georgetown and Western RR. 588
Georgetown, Breckenridge and Leadville. 850
Georgia RR. (and Banking Company). . . . 590
Georgia and Carolina Midland RR 1007
Georgia Midland and Gulf RR 589
Georgia Pacific Ry 589
Gettysburg and Harrisburg RR 165
Glasgow RR ? 686
Glassboro' 346
Glendale and East River RR 182
Glen's Falls RR 151
Golden, Boulder and f'aribou RR 851
Goshen and Deckertown RR 216
Grafton Centre RR 39
Graf ton and Greenbriei1 RR 163
Grand Rapids and Indiana RR 447
Grand Rapids Transfer and Junction RR. 450
Grand River Valley RR. . . 495
GENERAL INDEX.
67
Grand Southern (N. B.) Ry 911
Grand Tower and Carbondale RR 450
Grand Trunk Ry 911
Grand Trunk, Georgian Bay & Lake Erie 914
Grand Trunk Junction Ry 914
Grass Lake and Manistee River RR 451
Great Western of Canada (Grand Trunk). . 911
Greeley, Salt Lake and Pacific Ry 851
Green Bay, Steven's Point and Northern. 451
Green Bay, Winona and St. Paul RR 451
Green Cove and Midland Ry 656
Green Mountain RR 39
Greene RR 156
Greenlick Narrow-Gauge Ry 165
Greenwich and Johsonville Ry 166
Greenville and Laurens RR 621
Greenwood, Laurens and Spartariburg RR. 621
Gulf, Colorado and Santa Fe Ry 722, 741
Gulf, Western Texas and Pacific Ry 890
H
Hackensack RR 193
Hamilton and Northern (N. & N. W.) . . . 924
Hancock and Calumet RR 452
Hannibal and St. Joseph RR 743
Hanover Branch (Mass.) RR 40
Hanover June., Hanover and Gettys-
burg 340
Hanover and York RR 258
Harlem River and Portchester RR 69
Harrisburg, Portsmouth, Mt. Joy and
Lancaster RR 258
Harrisburg and Potomac RR 1 66
Harrison Branch RR 415
Hartford and Connecticut Valley RR 40
Hartford and Connecticut Western RR . . 41
Hartwell RR 594
Havana, Rantoul and Eastern RR 460
Hayt's Corner, Ovid and Willard 164
Hecla and Torch Lake RR 453
Helena and Jefferson Co. RR 827
Helena and Red Mountain RR 827
Henderson Bridge 686
Henderson and Overton RR 749
Herkimer, Newport & Poland (N. G.) Ry . 167
Hibernia Mine RR 168
High Bridge RR 289
Hillsboro' Short Line (C. & E.) Ry 409
Hobart Branch RR 3:35
Hobart and Manistee River RR 454
Holyoke and Westfield 60
Hoosac Tunnel and Saratoga Ry'. 115
Hoosac Tunnel and Wilmington RR 43
Hopkins RR 454
Hot Springs Branch RR 745
Housatonic RR 43
Houston Belt RR 746
Houston, East and West Texas Ry 746
Houston and Texas Central RR 745, 1,008
Humeston and Shenandoah RR 811
Huntingdon and Broad Top Mountain RR. 168
Illinois Central RR 454
Illinois Midland (T. H. & P.) 535
Illinois and St. Louis RR 460
Indiana RR 374
Indiana, Bloomington and Western Ry. . . 561
Indiana Block Coal RR 373
Indiana, Illinois and Iowa RR 462
Indiana and Illinois Southern 461
Indianapolis, Decatur and Springfield Ry. 466
Indianapolis and St. Louis Ry 4U3
Indianapolis Union Ry 466
Indianapolis and Vincennes RR 465
Indian River Steamboat Co 595
Intercolonial Ry 916
International Ry 916
International Bridge Co 914
International and Great Northern RR. . . . 747
Iowa City and Western RR 800
Iowa Falls and Sioux City RR 812
Iowa Northern Ry 813
Iron Ry 467
Iron Belt Land, Mining and Development
Co. of Virginia 612
Irondale, Bancroft and Ottawa Ry 917
Ironton RR 169
Island RR 170
Ithaca, Auburn and Western Ry. 320
Jacksonville and Atlantic RR 594
Jackson, Lansing and Saginaw RR 495
Jacksonville, St. Augustine and Halifax
River Ry 595
Jacksonville Southeastern Ry 468
Jacksonville, Tampa and Key West Ry. . . 595
Jacques Cartier Union Ry 915
Jalapa Branch Ry 939
Jamestown and Franklin RR 480
Jamestown and Northern RR 827
James River Valley RR 827
Jamesville and Washington RR 596
Jefferson 170
Jeffersonville, Mad. and Indianapolis RR. 469
63
GENERAL INDEX.
Joliet, Aurora and Northern RR 563
Joliet and Chicago RR 367
Joliet and Northern Indiana RR 495
Junction (Philadelphia) RR 352
Junction City and Port Kearney Ry 851
K
Kaaterskill RR 171
Kalamazoo, Allegan & Grand Rapids RR. 480
Kalamazoo and South Haven RR 495
Kanawha and Coal River RR 596
Kanawha and Ohio Ry 597
Kankakee and Seneca RR 471
Kankakee and Southwestern 460
Kansas Central RR 851
Kansas City Belt Ry 751
Kansas City, Clinton and Springfield Ry. 751
Kansas City, Fort Scott and Gulf RR . . . 752
Kansas City, Independence & Park Ry . . 1008
Kansas City, Memphis and Birmingham
RR 1028
Kan. City, St. Jo. and Council Bluffs RR. 814
Kansas City, St. Louis and Chicago RR. . 367
Kansas City, Springfield and Memphis
RR 756, 1028
Kansas City, Wyandotte and Northwest-
ern RR 757
Kansas City and Southern Ry. 750
Kansas City and Southwestern RR 782
Kansas and Gulf Short Line RR 749
Kansas and Missouri RR 755
Kaskaskia, St. Elmo and Southern RR. 1009
Keithsburg Bridge Co 805
Kendall and Eldred RR 124
Kennebunk and Kennebunkport RR. ... 18
Kensington and Tacony RR 256
Kent Northern Ry 917
Kentucky Central 676
Kentucky and South Atlantic 675
Keokuk and Des Moines RR 999
Keokuk and Hamilton Bridge Co 795
Keokuk & North western (St. L..K.&N.W.) 789
Keokuk and Western RR 757
Keystone Coal Co. RR 171
Kingston and Pembroke Ry 918
Kinzua Ry 124
Knox and Lincoln RR 45
Knoxville and Augusta 678
Knoxville and Ohio . . .673
Lacka wanna and .Pittsburgh RR 172
Lackawanna and Susquehanna RR 149
Lac La Belle and Calumet RR 471
Laclede and Creve Coeur Lake (M. P.) ... 767
Lake C'hamplain and Moriah RR 173
Lake Cham plain and St. Lawrence Ry. . . 929
Lake County (Forest) RR 472
Lake Erie, Alliance & Southern Ry 472
Lake Erie and Western RR 473
Lake Hopatcong RR 289
Lake Shore and Michigan Southern Hy . . 474
Lakeside and Marblehead RR 564
Lake Simcoe Junction Ry 915
Lake Tahoe RR., N. G 861
Lamoille Valley Extension RR 46
Lancaster RR 46
Lancaster and Reading RR 308
Laramie, North Park and Pacific Ry 851
Laurel Fork and Sand Hill RR 597
Laurens Ry 583
Lawrence RR 353
Lawrence and Emporia Ry 851
Lawrenceville Branch RR 598
Leavenworth, Topeka and Southwestern
Ry 758
Lebanon Springs 234
Lehigh Coal and Navigation Co 289
Lehigh and Hudson River Ry 174
Lehigh and Lackawanna RR 175
Lehigh and Susquehanna RR ; 289
Lehigh Valley RR 176, 256, 270
Lehigh Valley (N. Y.) 270
Leroy and Caney Valley RR 772
Lewisburg and Tyrone RR 258
Lewiston and Auburn Branch 2
Ligonier Valley RR 178
Litchfield, Carrollton and Western RR . . 469
Little Falls and Dakota RR 827
Little Miami RR ; 480
Little Rock and Fort Smith Ry 759
Little Rock Junction Ry 760
Little Rock, Mississippi River & Texas Ry. 761
Little Saw Mill Kun RR 178
Little Schuylkill (P. & R.) RR 290
Littlestown RR 258
Lockport and Buffalo Ry 216
Lodi Branch RR 227
London, Huron and Bruce Ry 915
London and Port Stanley Ry 915
Long Beach RR 256
Long Dock Company 216
Long Island RR 179
Long Island City and Flushing RR 182
Long Island City and Manhattan Beach
(N. Y., B. & M. B.) 183
GENERAL INDEX.
69
Longview & Sabine Valley (G. S. & S. T.) 740
Longwood Valley RR "290
Los Angeles and Independence RR 895
Los Angeles and San Diego RR 896
Louisiana Central RR 678
Louisiana and Missouri River 367
Louisiana and Texas (Morgan's) 891
Louisiana Western RR 890
Louisville, Cincinnati and Dayton RR . . . 1009
Louisville, Evansville and St. Louis RR. 483
Louisville and Nashville RR 679
Louisville, New Albany and Chicago Ry. . 485
Louisville, New Albany and C'orydon Ry. 487
Louisville, New Orleans and Texas RR. . . 687
Louisville Railway Transfer 686
Louisville, St. Louis and Texas Ry 689
Louisville and Wadley RR 598
Lowell and Andover RR 18
Lowell and Fraraingham (Old Colony) 73
Loyalsock RR 270
Lykens Valley 325
M
McCorab, Deshler and Toledo RR 1001
McKean and Buffalo RR 125
McMinville and Manchester RR 700
Mackinac and Marquette RR 1010
Mahoning Coal RR 480
Mahopac Falls RR 205
Maine Central RR 46
Maine Shore Line RR 49
Manchester and Keene RR 11
Manchester and Lawrence RR. ....... 50, 1029
Manchester and North Weare RR 31
Manhattan Ry 183
Manhattan, Alma and Burlingame Ry. . . 761
Manhattan and Blue Valley RR 851
Manistee RR 445
Manistee and Luther RR 487
Manistique Ry 488
Manitoba and Northwestern Ry 919
Manitoba S. W. Colonization Ry 907
Manufacturers' RR 290
Mansfield Ry 689
Maple River (C. & N. W.) 377
Marietta, Columbus and Northern RR. . . . 488
Marietta Mineral 488
Marietta and North Georgia Ry 599
Marine Ry 185
Mnnjuette, Houghton andOntonagon RR. 1010
Marquette and Western RR 1012
Marshall, Paris and Northwestern RR. . . . 815
Martha's Vineyard RR 50
Martinsburg and Potomac RR 143
Martin's Creek in N. J. Ry 259
Martin's Creek in Penna. Ry 259
Maryland Central RR 186
Marysville and Blue Valley RR 852
Mason and Oceana RR 489
Massawippi Valley Ry 919
Masillon and Cleveland RH 489
Mauch Chunk. Summit Hill & S. B. RR. 291
Mayville Extension RR 125
Maysville and Lexington (N. Div.) (K. C.) 676
Meadville and Linesville Ry 186
Mechanicville and Fort Edward RR 187
Mecosta RR 490
Meherrin Valley RR 599
Memphis, Birmingham and Atlantic 1028
Memphis and Charleston RR 689
Memphis and Little Rock RR. 762, 1029
Memphis, Kansas and Colorado Ry 755
Memphis, Selma & Brunswick (M., B. &
A.) 1028
Menominee Ry 407
Meriden and Cromwell RR 51
Metropolitan Elevated Ry 185
Mexico, Railroads in 933
Mexican Ry 938
Mexican Central Ry 933
Mexican National RR 934
Michigan Air-Line (M. C.) 496
Michigan Air-Line Ry 490
Michigan Central RR 491
Michigan Midland and Canada RR 496
Michigan and Ohio 416
Middleburg and Schoharie RR 187
Middletown and Crawford RR 216
Middletown, Unionville & Water Gap RR. 227
Midland Ry. of Canada 915
Midland (Indiana) Ry 496
Midland (N. C.) (W. & W.) 658
Mifflin and Centre County RR 259
Milford, Franklin and Providence RR. . . 52
Mil ford and Woonsocket RR 51
Mill Creek and Mine Hill RR 291
Millstone and New Brunswick RR 259
Milton and Sutherlin RR 629
Milwaukee, Dexterville and Northern Ry..l012
Milwaukee, Lake Shore and Western Ry. 497
Milwaukee and Lake WinnebagoRR. . . .1,024
Milwaukee and Northern RR 500
Mill Spring, Current River & Barnesville
RR -. ... 763
Mine Hill and Schuylkill Haven RR 291
GENERAL INDEX.
Mineral Range RR 501
Mineral Railways of Nova Scotia 920
Minneapolis and Duluth RR 834
Minneapolis Eastern Ry 818
Minneapolis, Lyndale & Minnetonka Ry. . 818
Minneapolis and Pacific Ry 816
Minneapolis and St. Louis Ry 816
Minneapolis, Sault Ste. Marie & Atlantic
Ry 502
Minneapolis Union Ry 819
Minnesota and Northwestern RR 820
Minnesota and Northwestern (of Illinois)
RR 821
Minnesota, St. Croix & Wisconsin RR .. . 1013
Missisquoi Valley RR 52
Missisquoi Valley Ry 931
Mississippi River Bridge (C. & A.) 368
Mississippi and Tennessee RR , 691
Mississippi, Terre Aux Bceufs & Lake . . . .1013
Missouri, Iowa and Nebraska 757
Missouri, Kansas and Texas Ry 763
Missouri Pacific Ry 767
Mobile and Alabama Grand Trunk 543
Mobile and Girard RR 692
Mobile and Montgomery ' 686
Mobile and Northwestern RR 693
Mobile and Ohio RR 693
Mobile and Spring Hill RR 696
Moline and Southeastern RR 503
Monadnock 29
Monongahela Connecting RR 1029
Monongahela Inclined Plane 188
Monson RR 52
Mont Alto RR 188
Montana Ry 852
Montana Union Ry 851
Monterey RR 896
Montgomery and Erie (Erie) RR 217
Montgomery and Eufaula Ry 987
Montgomery and Florida Ry 697
Montgomery Southern 697
Montour RR 189
Montpelier and Wells River RR 53, 1029
Montpelier and White River RR 27
Montreal, Portland and Boston Ry 921
Montreal and Sorel Ry 920
Montreal and Vermont Junction Ry 921
Montrose Ry 189
Morgan's Louisiana and Texas RR 891
Morris County RR 189
Morris and Essex RR 156
Moshassuck Valley 54
Mount Carbon and Port Carbon RR . . .291
Mount Gilead Short Line RR 429
Mount Holly, Lumberton and Medford RR 259
Mount Hope Mineral RR 190
Mount Oliver Incline RR ; 190
Mount Pleasant and Broad Ford RR 107
Mount Washington RR 54
Muskegon, Grand Rapids and Indiana RR 504
Muskingum County Ry 360
Muskrat Lake and Clam River RR 504
N
Nanuet and New City RR 194
Nantasket Beach 54
Nantucket RR 55
Napanee, Tamworth and Quebec Ry 921
Napierville Junction Ry. (and Quarry Co.) 922
Narragansett Pier RR 55
Nashua, Acton and Boston RR 31
Nashua and Lowell RR 11
Nashville, Chattanooga and St. Louis Ry. 697
Nashville and Decatur RR 686
Nashville and Florence RR 697
Nashville and Tuscaloosa RR 700
Natchez, Jackson and Columbus RR 700
Natchez, Red River and Texas RR 701
National Docks Ry 259
Naugatuck RR 56
Nescopec RR 256, 1029
Nesquehoning Valley RR 290
Nevada and California RR 861
Nevada Central Ry 861
Nevada County Narrow-Gauge 1083
Nevada and 'Minden RR 770
Nevada and Oregon (N. & C.) RR 861
Newark and Bloomfield RR. 157
Newark and Hudson RR 217
Newark, Somerset and Straitsville RR. . . 105
New Brighton and New Castle R R 190
New Brunswick Ry 922
New Brunswick and Canada Ry 923
Newburgh, Dutchess and Connecticut RR. 191
Newburgh and New York (Erie) RR 217
Newburyport RR ... 19
Newburyport City RR 19
New Castle and Beaver Valley RR 192
New Castle RR. and Mining Co 192
Newfoundland Ry 923
New Haven and Derby RR 57
New Haven and Northampton RR 58
New Jersey and New York RR 193
New Jersey Junction RR 1029
New Jersey Southern Ry 291
GENERAL INDEX.
71
New Jersey, United Companies of 262
New London Northern RR 60
New Orleans and Carrollton RR 702
New Orleans and Gulf RR 1013
New Orleans and Mobile RR 687
New Orleans and Northeastern RR 702
New Orleans and Selma 665
Newport and Cincinnati Bridge 482
Newport News and Mississippi Valley RR. 600
Newport and Richford RR 32
Newport and Wick ford RR 62
Newry (Pa.) RR 259
Newtown and Flushing RR 182
New York, Brooklyn and Manha'n Beach
Ry 183
New York, Boston and Montreal Ry 133
New York and Canada RR 149
New York Central and Hudson River RR. 195
New York Central, Hudson River & Port •
Orange RR 202
New York Central Niagara River RR . . . 202
New York, Chicago and St. Louis Ry 505
New York City and Northern RR 204
New York and Coney Island RR 308
New York and Flushing RR 182
New York and Greenwood Lake RR 354
New York Elevated RR 185
New York and Harlem RR 202
New York, Lacka. and Western RR 157
New York, Lake Erie and Western RR . . 206
New York, L. E. & W. RR. & Coal 219
New York and Long Beach (Long Island
RR.) RR 183
New York and Long Branch RR 291
New York and Mahopac RR 202
New York and Manhattan Beach (N. Y.,
B. &M. B.) 183
New York and New England RR 63
New York, New Haven and Hartford RR. 66
New York, Ontario and Western Ry 220
New York, Pennsylvania and Ohio RR. . . 217
New York, Philadelphia and Norfolk RR. 223
New York, Pittsburgh & Chic. (P. M. & C.) 520
New York, Providence and Boston RR ... 69
New York and Rockaway RR 183
New York, Rutland and Montreal Ry 224
New York arid Sea Beach Ry 194
New York, Susquehanna and Western RR 225
New York, Texas and Mexican Ry 893
New York, Westchester and Putnam Ry . . 205
New York, West Shore and Buffalo (West
Shore) 203
New York, Woodhaven and Rockaway RR 227
Niagara Bridge and Canandaigua RR 203
Niagara Falls Branch RR 312
Norfolk and Ocean View RR. (and Hotel
Co.) 606
Norfolk Southern RR 612
+ "orfolk Terminal Company 612
> orfolk and Virginia Beach RR 606
N >rfolk and Western RR 607
North Brookfleld 7
North Carolina RR 629
North Pennsylvania RR 292
Northeast Pennsylvania RR 292
Northeastern (Ga. ) RR : 613
Northeastern (S. C.) RR 614
Northern (Cal.) Ry 862
Northern (Can.) Ry 924
Northern (B. & L.) RR. 1029
Northern (N. H.) RR 11
Northern Adirondack RR 228
Northern California RR 862
Northern Central Ry 229
Northern Central Michigan (L. S. & M. S.) 474
Northern New Jersey (Erie) RR 217
Northern Pacific RR 821
Northern Pacific and Cascade 821
Northern Pacific, Fergus and Black Hills
RR 827
Northern Pacific and Puget Sound 821
Northern Pacific Terminal Co 967
Northern and Pacific Junction Ry 925
Northern and Western Ry (N. B.) 925
Northern and Northwestern Rys 924
North Pacific Coast RR 863
North Shore (C. P.) Ry 904
North and West Branch RR 259
Northwestern (N. C.) 630
Northwestern Ohio Ry 506
Norway Branch 2
Norwich and Worcester RR 71
Norwood and Montreal RR 312
Nova Scotia, Joal Railways in 920
Nyack and Northern RR 217
Ocean City (West Jersey) 341
Ogden Mine RR 292
Ogdensburg and Lake Champlain RR . . . 233
Ogdensburg and Morristown (M. & B. R.). 312
Ohio and Baltimore Short Line Ry 109
Ohio Central RR. (See Tol. & Ohio Cen-
tral, and Kanawha and Ohio RRs.) 536, 596
Ohio Central Terminal Ry. Co 968
Ohio and Mississippi Ry. 507
72
GENERAL INDEX
PAGE
Ohio and Northwestern RR 509
Ohio River RR 615
Ohio Southern RR 510
Ohio Valley Ry 703
Oil City and Ridgway Ry 235
Old Colony RR 73
Olean, Bradford and Warren Ry. in Penn. 125
Olean, Bradford and Warren RR. . 125
Omaha Belt 770
Omaha, Niobrara and Black Hills RR 852
Omaha and Republican Valley Ry 852
Omaha and Republican Valley RR 852
Omaha and St. Louis Ry 828
Ontario and Quebec Ry 907
Ontonagon and Brule River RR 511
Orange Belt Ry 616
Orchard Beach RR '. 75
Oregon and California RR 864
Oregonian Ry 866
Oregon Pacific RR 866
Oregon Ry. and Navigation Co 867
Oregon Short Line (U. P.) 852
Orleans, West Baden and French Lick
Springs Ry 487
Oswego and Rome RR 312
Oswego and Syracuse RR 157
Ottumwa and Kirkville RR 828
Owasco River RR 235
Owensboro' and Nashville Ry 704
Oxford and Henderson RR. . . 616
Pacific Coast Ry 870
Packwaukee and Montello RR 1024
Painesvilie and Youngstown (Pittsburgh,
Painesville & Fairport) 564
Pajaro and Santa Cruz RR 896
Palatka and Indian River 595
Panama RR 940
Paris and Pere Marquette RR 511
Park and Ocean RR 870
Parkersburg Branch (Baltimore & Ohio)
RR 103
Parsons and Pacific RR 829
Passaic and Delaware RR 157
Passaic and New York RR 227
Paterson and Hudson (Erie) RR 217
Paterson, Newark and New York RR . . . 217
Paterson and Ramapo RR 217
Paw Paw RR 511
Pawtuxet Valley RR 71
Peach Bottom RR 236
Pemberton and Hightstown RR 259
Pemigewasset Valley RR 12
Pennsboro' & Harrisville, Ritchie County
Ry 617
Pennsylvania RR 236, 1029
Pennsylvania Company 265
Pennsylvania RR. in Md 271
Pennsylvania & New York Canal RR.442, 269
Pennsylvania, Schuylkill Valley RR 259
Penn., Slatington and New England RR. 271
Penn Yan and New York RR . . 327
PenokeeRR 1029
Pensacola and Atlantic RR 617
Pensacola and Perdido RR 618
People's (Potts ville) Ry 272
Peoria and Bureau Valley RR 999
Peoria, Decatur and Evansville Ry...513, 1030
Peoria and Pekin Union Ry 512
Peoria and Springfield (P. & P. U.) 512
Perkiomen RR 272. 1030
Perry RR 127
Perth Amboy and Woodbridge RR 259
Peterborough RR 12
Peterborough and Hillsborough RR 12
Petersburg RR 1014
Philadelphia and Atlantic City RR 273
Philadelphia and Baltimore Centra] RR.. 298
Philadelphia and Chester Branch 292
Philadelphia and Erie RR 259
Phila., Germantown and Norristown RR. 292
Phila., Germantown & Chestnut Hill RR. 261
Philadelphia and Long Branch RR 261
Philadelphia, Marlton and Medford RR. . 129
Philadelphia, Newtown & New York RR. 293
Philadelphia and Reading RR 273
Philadelphia and Trenton RR 261
Phila., Wilmington and Baltimore RR. . 293
Pickering Valley RR 292
Piedmont RR 630
Piedmont and Cumberland Ry 256
Pine Bluff, Monroe and New Orleans RR. 773
Pine Bluff and Swan Lake RR 773
Pine Creek Ry 299
Pittsboro' RR 623
Pittsburg (Cal.) RR 871
Pittsburgh and Castle Shannon RR 299
Pittsburgh, Chartiers & Youghiogheny Ry. 304
Pittsburgh, Cincinnati and St. Louis Ry. . 514
Pittsburgh, Cleveland and Toledo RR 303
Pittsburgh and Connellsville RR 106
Pittsburgh, Fort Wayne and Chicago Ry. 517
Pittsburgh Junction 108
Pittsburgh and Lake Erie RR 300
Pittsb., McKeesport & Youghiogheny RR 301
GENERAL INDEX.
73
PA (IE
Pittsburgh, Marion and Chicago Ry 520
Pittsburgh and North Adams 'RR 7
Pittsburgh, Painesville and Fairport RR. 564
Pittsburgh and State Line RR 127
Pittsburgh Southern (B. & 0. St L.) RR. . 109
Pittsburgh, Virginia and Charleston Ry. . 261
Pittsburgh and Western RR 301, 1030
Pittsburgh, Wheeling and Kentucky RR. 619
Pittsburgh and White Hall RR ... 261
Pittsburgh, Youngstown & Ashtabula RR..1030
Pittsfleld and North Adams RR 7
Plymouth RR 292
Pomeroy and Newark RR 261
Pontchartrain RR 6S7 i
Pontiac, Oxford and Port Austin RR 520 j
Pontiac and Pacific Junction Ry 926
Port Huron and Northwestern Ry 521
Port Jervis, Monticello and New York RR. 304
Portland and Ogdensburg Ry 76
Portland and Rochester RR 77
Portland, Saco and Portsmouth RR. . 19
Portland and Willamette Valley Ry 871
Port Royal and Augusta Ry 620
Port Royal and Western Carolina Ry. . . . 620
Portsmouth and Dover 11)
Portsmouth. Great Falls and Con way RR. 19
Potomac RR 632
Potomac, Fredericksb. and Piedmont RR. 622
Poughkeepsie Bridge :-)l)5
Poughkeepsie, Hartford and Boston RR. . 306
Prairie du Chien and McGregor RR 523
Pratt Coal and Iron Co. RR 705
Prescott and Arizona Central Ry 871
Prince Edward Island Ry 92<>
Profile and Franconia Notch RR 78
Prospect Park and Coney Island RR. ... 307
Providence and Springfield RR 79
Providence, Warren and Bristol RR 81
Providence, Webster and Springfield Ry. 7
Providence and Worcester RR . . 79
Quebec Central Ry
Quebec and Lake St. John Ry
Queen Anne and Kent RR
Quincy, Alton and St. Louis (C.,B. and Q.).
Quincy, Missouri and Pacific RR
Raleigh and Augusta Air-Line RR
Raleigh and Gaston RR
Reading and Columbia RR
Reading, Marietta and Hanover RR ....
927
927
298
389
773
622
623
308
308
PAGE
Rensselaer and Saratoga RR 151
Rew City and Eldred RR 350
Rhode Island and Massachusetts RR 66
Rhode Island and Massachusetts RR.in R.I. 66
Rich Hill RR 755
Richibucto and St Louis Ry 918
Richmond and Allegheny RR 624
Richmond and Danville RR 626
Rich., Fred, and Poto. and Rich. &. Peters-
burg Connection RR 632
Richmond, Frederic ksburg and Potomac
RR 631
Richmond and Mecklenburg RR 630
Richmond and Miami R R 483
Richmond and Petersburg 633
Richmond and West Point Terminal Ry . 634
Richmond, York River & Chesapeake RR. 630
Ridgeway and deal-field RR 261
Rio Grande RR 774
Rio Grande and Eagle Pass Ry 774
Rio Grande and El Paso (A.,' T. & S. Fej
RR 720
Rio Grande, Mexico & Pacific (A., T.&S.Fe)
lilt 720
RioGrande and Pecos (It. G. & E. P.) Ry. . 774
River Front RR 261
Roane Iron Co. RR 705
Rochester and Genesee Valley RR 217
Rochester and Lake Ontario R R 309
Rochester, N. Y. & Penn 173
Rochester and Ontario Belt Ry 312
Rochester and Pittsburgh (B R. & P.)RR. 125
Rock Island and Mercer County (R. I. & P.)
RR 552
Rock Island and Peoria Ry 522
Rockport RR 82
Rockville RR 66
Rocky Hill RR. (and* Transportation Co). 261
Rocky Mountain RR. of Montana 827
Rogersville and Jefferson (T & O.) RR.. . . 708
Rome RR 636
Rome and Carrollton RR 636
Rome and Clinton RR 222
Rome and Decatur RR 637
Rome, Watertown and Ogdensburg RR. . 309
Rome, Watertown and- Ogdensburg Ter-
minal RR 312
Rooks County (Mo. Pac.) RR 771
Roswell RR 637
Ruby Hill RR 872
Rumford Falls and Buckfield RR 82
Rutland RR 27
Rutland and Whitehall RR. . . 151
74
GENERAL INDEX.
S
Sacramento and Placerville RR 872
Saginaw Bay and Northwestern (M. C.) . . 491
Saginaw and Clare County RR 445
Saginaw, Tuscola and Huron RR 523
Saginaw Valley and St. Louis RR 524
Saginaw and Western RR 439
St. Augustine and Palatka Ry 638
St. Clairsville (B. & S. & C.) RR 359
St. Clairsville and Northern Ry 525
St. Croix and Penobscot RR 83
St. Joe Ry 776
St. John and Maine Ry 923
St. John's Ry 637
St. John Bridge and Ry. Ext 928
St. John's and Lake Eustis Ry 587
St. Johnsbury and Lake Charaplain RR. . 12
St. Joseph and Des Loge RR 776
St. Joseph and Grand Island RR 776
St. Joseph and Iowa RR 997
St. Joseph and St. Louis RR 777
St. Joseph Union Depot Co. (U. P.) 1030
St. Joseph and Western (St. J. & G. I.) RR. 776
St. Lawrence and Ottawa Ry 908
St. Louis, Alton and Springfield RR 529
St. Louis. Alton and Terre Haute RR 5">5
St. Louis, Arkansas and Texas Ry 783
St. Louis Bridge 784
St. Louis Cable and Western Ry 785
St. Louis, Carbondale, Metropolis and
Paducah RR 1015
St. Louis Central RR 528
St. Louis and Cairo RR 696
St. Louis Coal Ry 528
St. Louis, Council Bluffs and Omaha RR. 550
St. Louis, Des Moines and Northern Ry. . 829
St. Louis and Emporia (Mo. Pac.), RR ... 771
St. Louis, Fort Scott and Wichita RR. 771, 786
St. Louis and Hannibal RR 778
St. Louis, Iron M'nt'n and Southern RR. 787
St. Louis, Jacksonville & Chicago RR.
(C. &A.) 364
St. Louis, Kansas and Southwestern RR. 782
St. Louis, Keokuk and Northwestern Ry. 789
St. Louis and Miss. Vy.Transp. Co. (U. P.) 1032
St. Louis, Ottumwa & Cedar Rapids RR. . 550
St. Louis, Salem and Arkansas Ry 782
St. Louis, Salem and Little Rock RR 782
St. Louis and San Francisco Ry 778
St. Louis Southern RR 528
St. Louis Transfer Ry 1015
St. Louis Tunnel (T. of St. L.) RR 795
St. Louis, Vandalia anci Terre Haute RR. 530
St. Martin's and Upham Ry 928
St. Paul and Duluth RR 830
St. Paul and Eastern Grand Trunk Ry. . . 499
St. Paul, Minneapolis and Manitoba Ry. . 834
St. Paul and Northern Pacific Ry 827
St. Paul Union Depot 838, 1016
Salem (W. J.) RR 343
Salem and Eastern (St. L., S. & L. R.)
Ry 782
Salina, Lincoln and Western (U. P.) Ry. 1030
Salina and Southwestern RR *~>'.>
Salina, Sterling and El Paso (M. P.) Ry. . 770
Salisbury RR J08
Salt Lake and Western Ry 85:5
San Antonio and Aransas Pass Ry 775
Sanborn, Cooperstown & Turtle Mtn. RR . 827
Sanderson vilie and Tennille RR 638
Sandy River RR . , 84
Sandusky, Mansfield and Newark RR. . . . 105
Sanford and Indian River (S. F.) 647
Sanford and Lake Eustis RR 595
San Francisco and North Pacific RR. ... 873
San Joaquin and Sierra Nevada RR 873
San Jose and Almaden RR 896
San Pablo and Tulare RR 863
San Pete Valley RR 874
San. Rafael and San Quentin RR 864
Santa Cruz and Felton RR 876
Saratoga and Almaden RR 1016
Saratoga and Schenectady RR 151
Saratoga Lake (B., H. T. & W.) Ry 115
Saratoga, Mt. McGregor & Lake George RR 313
Sarnia, Chatham and Erie (C. S.) Ry 495
Savannah, Dublin and Western Short Line
RR 1017
Savannah, Florida and Western Ry 638
Savannah, Griffin and North Alabama RR 640
Savannah Valley RR 621
Schenectady and Duanesburg RR 14!)
Schenectady and Mechanicville RR 140
Schoharie Valley Ry 314
Schuylkill and Lehigh (P. & R.) Ry 292
Schuylkill River East Side RR 106
Schuylkill Valley RR 292
Scioto Valley Ry 531
Sea Beach and Brighton 195
Seaboard and Roanoke RR 640
Sebasticook and Moosehead Lake RR 84
Seattle, Lake Shore and Eastern Ry 874
Sedalia, Warsaw and Southern Ry 772
Shade Gap RR 354
Sharnokin, Sunbury and Lewisburg RR. . 292
Shamokin Valley and Pottsville RR. . . . 233
GENERAL INDEX.
75
Sharon Ry 219
SharpsvilJe RR 108
Sheffield and Spring Creek RR 330 j
Shelby RR 687 '
Shelby Iron Company RR 705
Shelby and Rush RR 470
Shenandoah Valley RR 642
Shenango and Alleghany RR 314
Shepaug RR 84
Ship Island, Ripley and Kentucky RR . . . 706
Shore Line Ry 69
Short Creek and Joplin RR 755
Short Route Railway Transfer 706
Shreveport and Houston Ry 747
Silver City, Deming and Pacific (A., T. &
S. F.) RR 720
Silver Lake Ry 316
Silver Springs, Ocala and Gulf RR 645
Sinaloa and Durango RR 939
Sinnemahoning Valley RR 316
Sioux City and Pacific
Skaneateles RR 316
Slate Run RR 317
Smithtown and" Port Jefferson RR 183
Sodus Bay and Southern (E and L. 0.)
RR 1033
Solomon 853
Somerse Ry 85
Somerset and Cambria RR 109
Sonoma Valley RR ... 875
Sonora Ry 940
South Branch (B. & 0.) RR 103
South Branch (N. J.) RR 293
South Carolina Ry 645
South Carolina Pacific Ry 574
South Chicago RR 460
Southeast and St. Louis (L. & N.) Ry 687
Southeastern (Can.) Ry 929
Southern Central RR 318
Southern Hempstead Branch (Stewart) ... 183
Southern Kansas Ry 722
Southern Maryland (W. & P.) RR 337
Southern Pacific RR 894
Southern Pacific Company 876
Southern Pacific RR. of Arizona 896
Southern Pacific RR. of New Mexico £
Southern Pennsylvania Ry 143
Southern Vermont RR 333
Southfield Branch RR 318
South Florida RR 647, 1030
South Manchester RR 85
South Mountain Ry 317
South and North Alabama 687
6
South Pacific Coast RR 875
South Park and Leadville, S. L 1031
Southw'n Arkansas & Indian Terri'y Ry. . 776
Southwestern (Ga.) RR 987
Southwestern (Ky.) Ry 707
Southwest Pennsylvania Ry 261
Spartanburg, Union and Columbia RR. . . 583
Spencer RR 7
Spokane & Palouse Ry 827
Spring Brook RR 290
Springfield and New London RR 66
Springfield and Western Missouri (Ft. S.,
S. E. & M.) RR 775
Spuyten Duyvil and Port Morris RR 203
Stamford and New Canaan RR 69
Stanstead, Shefford and Chambly Ry 930
State Line and Sullivan RR 270
State University RR 630
Staten Island Ry 321
Staten Island Rapid Transit RR 320
Sterling Mountain Ry 321
Stewart RR 183
Stewartstown RR 322
Stillwater and St. Paul RR 834
Stimson (St. L., S. & A.) RR 782
Stockbridge and Pittsfield RR 44
Stockton and Copperopolis RR 887
Stony Brook RR 12
Stony Clove and Catskill Mountains 322
Stony Creek RR 323
Strasburg RR 324
Strasburg and Harrisonburg RR 104
Strawn and Indiana State Line RR 373
Suburban Rapid Transit RR 324
Suffolk Lumber RR 297
Suffolk and Carolina RR 648
Sullivan County RR 86
Summit Branch RR 325
Sunbury, Hazelton and Wilkesbarre Ry. . .262
Sunbury and Lewistown Ry 261
Suncock Valley RR 31
Suspension Bridge and Erie Junction
RR 217
Susquehanna and Clearfield RR 262
Sussex RR 325
Swedesboro' RR 343
Sylvania RR .' 648
Syracuse and Baldwinsville RR 326
Syracuse, Binghamton and New York
RR 326
Syracuse, Geneva and Corning Ry 327
Syracuse, Ontario and New York Ry , . . . 328
Syracuse, Phrenix and Oswego Ry 312
76
GENEEAL INDEX.
TalbottonRR 649
Talladega and Coosa Valley RR 707
Tavares, Apopka and Gulf RR 649
Taylor, Bastrop and Houston (M. P.) Ry. 770
Taylor's Falls and Lake. Superior RR 834
Tennessee Central RR 708
Tennessee Coal and Ry Co 975
Tennessee and Coosa (E. A.) RR 671
Tennessee and Ohio Ry 708
Tennessee and Pacific RR 700
Tennessee and Sequatchie Valley RR 708
Terre Haute and Indianapolis RR 532
Terre Haute and Logansport RR 534
Terre Haute and Peoria RR 535
Terre Haute and Southeastern (E. & I.)
RR 441
Texas Central Ry 793
Texas Mexican Ry 937
Texas and New Orleans RR 897
Texas and Pacific Ry 790
Texas Trunk RR 794
Texas Western (N. G.) Ry 794
Thousand Islands Ry 930
Tioga RR 329
Tionesta Valley RR 330
Toledo, Ann Arbor & North Michigan Ry. 539
Toledo Belt Ry 552
Toledo, Canada Southern and Detroit Ry. 540
Toledo, Cincinnati and St. Louis (T. St. L.
&K. C.) 1019
Toledo, Columbus and Southern Ry 540
Toledo and Indianapolis (T., C. & S.) 540
Toledo, Peoria and Western RR 541
Toledo, St. Louis and Kansas City 1019
Toledo and Ohio Central Ry 536
Toledo and South Haven RR 538
Toms River (P. & R.) RR 293
Tonawanda Valley and Cuba RR 331
Topeka, Selina and Western (M. P.) RR. 771
Toronto, Grey and Bruce Ry 908
Traverse City RR 542
Tresckpw RR 290
Troy and Bennington RR 333
Troy and Boston RR 332
Troy and Greenbush RR 203
Troy & Greenfield and Hoosac Tunnel 87
Troy, Saratoga and Northern RR 115
Troy RR. Union Depot 334
Tuckerton RR 334
Tunnel RR. of St. Louis 795
Tuskegee RR 708
Tyrone and Clearfield RR. 256
Ulster and Delaware RR 334
Union (Baltimore— N. C.) RR 233
Union (Erie) RR 217
Union Ry. (Tennessee) 709
Union Coal Company 1032
Union Depot Co. (St. Joseph) 1032
Union Depot Co. (Kansas City, Mo.). 796, 1032
Union Depot Co. of St. Louis 1020
Union Depot Co. of Denver, Col 1032
Union Elevator Co. of Council Bluffs. . . . .1033
Union Elevator Co. of Omaha 1033
Union Freight RR 87
Union Pacific Ry 839
Union" Pacific, Central Branch 982
Union Terminal RR. . . 335
United Companies of New Jersey 262
Upson County 987
Utah Central Ry 898
Utah Eastern (U. P.) RR 1031
Utah and Nevada (U. P.) Ry 1031
Utah and Northern RR 853
Utica and Black River RR 312
Utica, Chenango & Susquehanna Valley
RR 157
Utica, Clinton and Binghamton RR 2?2
Vaca Valley and Clear Lake RR 898
Valley (D., L. & W.) RR 157
Valley (Ohio) Ry 542
Valley (Virginia) RR 649
Venice and Carondelet Ry ... 461
Verdigris Valley, Independences Western
(M. P.) RR 770
Vermont and Massachusetts RR 39
Vermont Valley RR 88
Vernon, Greensburg and Rushville RR . . 415
Versailles and Midway RR 709
Vicksburg and Meridian RR 709, 1031
Vicksburg, Shreveport and Pacific RR. . . 711
Vincentown Branch 264
Vineland Ry 293
Virginia Midland Ry 650
Virginia and Truckee RR 899
Visalia RR 900
W
Wabash, Chester and Western RR 543
Wabash, St. Louis and Pacific Ry 544
Walden's Ridge RR 712
Wallkill Valley RR 336
Ware River RR.. 7
GENEKAL INDEX.
77
PAGE
Warren RR 157
Warren and Farnsworth Valley RR 336
Washington Branch (B. & O.) 104
Washington and Chesapeake RR 104
Washington County 104
Washington City and Point Lookout RR. 104
Washington, Ohio and Western RR 630
Washington and Potomac RR 837
Watchung (N. Y. & L. G.) Ry 3o4
Waterloo and Magog Ry 930
Watertown and Waterbury RR 57
Waverly and State Line Ry 270
Waynesburg and Washington RR 337
Wellington, Grey and Bruce Ry 915
Wellsville, Bolivar and Eldred RR 117
West Amesbury RR 19
West Branch and Moorestown RR 551
West and East RR 460
Westermau (N. Y., P. & 0.) RR 217
West Feliciana RR 712
West Jersey RR ." 341
West Jersey and Atlantic RR 343
West Pennand Shenango Connecting RR. 344
West Shore RR 203
West Shore and Ontario Terminal Co. of
N. Y.&N. J 204
West Side and Yonkers RR 206
West Stockbridge RR 45
West Troy and Green Island RR 150
West Virginia Central & Pitts. Ry 256, 656
Western Ry. of Alabama : 655
Western Ry. of Florida 656
Western and Atlantic Ry 653
Western Counties Ry 931
Western Maryland RR 338
Western North Carolina RR ... 654
Western Pennsylvania 264
Weston and Buckhannon RR 658
Wheeling and Elm Grove RR 658
Wheeling and Lake Erie Ry 551
Wheeling and Lake Erie Bridge 552
Wheeling, Pittsburgh and Baltimore RR . 108
Whitefield and Jefferson RR 89
White River Branch Extension (M. P.)
White Water RR 552
Whitney ville and Machiasport RR 89
Wichita and Colorado (M. P.) Ry 771
Wichita and Western 1033
Wicomico and Pocomoke RR 345
Wiggins Ferry Co 797
Wilkesbarre and Western Ry 345
Williamsport and North Branch RR 345
Williamstown and Delaware River RR. . . 346
Wilmington, Chadbourn & Conwayboro Ry 661
Wilmington, Columbia and Augusta RR. 660
Wilmington and Northern RR 347
Wilmington and Weldon RR 658
Wilton RR IS
Winchester and Alabama RR 700
Winchester and Potomac RR 104
Winchester and Strasburg RR 104
Wind Gap and Delaware RR 175
Windsor and Annapolis Ry 931
Windsor Branch RR 932
Winif rede RR 661
Wisconsin and Minnesota RR 1021
Wisconsin, Minnesota and Pacific Ry. . . . 854
Wisconsin Central RR 1021
Wisconsin, Iowa and Nebraska (C., St. P.
&K. C.)Ry 1000
Wisconsin, Pittsville and Superior RR. . . . 553
Wolfeborough (Eastern )*RR 19
Wood River Branch RR 89
Woodstock RR 90
Woodstown and Swedesboro' RR 344
Worcester, Nashua and Rochester RR. ... 19
Worcester and Shrewsbury 90
Wrightsville and Tennille RR 662
Yazoo and Mississippi Valley 460
York and Peach Bottom Ry 348
Youghiogheny RR 348
Youghiogheny Northern RR 301
Youngstown and Austintown (N. Y., P.
&0.)Ry 2!J)
770 Zanes ville & Ohio River Ry 553
78
GENEEAL INDEX.
TRAMWAY COMPANIES.
A PAGE
Acushnet 952
Albany City (Tramway) 942
Albany Street Freight 952
Allentown (Street) 956
Amsterdam 942
Arlington (Tramway) 952
Atlantic Avenue (Brooklyn) . ; 942
Auburn and Owasco Lake . , . 942
Babylon 942
Binghamton Central 942
Binghamton and Port Dickinson 942
Black Rocks and Salisbury Beach 952
Bleecker Street and Fulton Ferry 942
Boston and Chelsea 952
Boston Consolidated 952
Bradford and Kendall 95<i
Broadway (Brooklyn) 942
Broadway and Bowery Bay ' 949
Broadway and Seventh Ave. (N. Y.) 942
Broadway Surface. 942
Brockton (Street) 952
Brooklyn, Bushwick and Queens Co 942
Brooklyn City 942
Brooklyn City and Newtown 942
Brooklyn Crosstown. 942
Buffalo 942
Buffalo East Side 942
Bushwick (Brooklyn) 944
C
Calvary Cemetery, Greenpoint & Brooklyn 944
Cambridge (Street) 952
Central City. 944
Central Crosstown 944
Central Park, North & East River 944
Central (Pittsburgh) 956
Charles Street River 952
Chester 956
Christopher and Tenth Streets 944
Citizens (Boston) 952
Citizens (Philadelphia) 956
Citizens (Pittsburgh) 95(5
City (Altoona) 956
City (Binghamton) 944
City of Poughkeepsie 944
Coalville ( Wilkesbarre) 956
Coney Island and Brooklyn 944
Coney Island, Sheepshead Bay and Ocean
Avenue 944
Continental (Philadelphia), 956
Cortlandt and Homer. . . . 944
Dry Dock, East Broadway and Battery. . . 944
Dunkirk and Fredonia. . . 944
East Genesee St. and Seward Ave 944
Easton and South Easton 956
Eighth Avenue 944
Rlmira and Horseheads 944
Empire (Philadelphia) 956
Erie City. 956
Federal Street and Pleasant Valley 956
Fifth Ward (Syracuse) 944
Fitchburg 952
Forty-second St. and Grand Street Ferry. 944
Forty- second St., Man. & St. N. Ave 944
Frankford and Southwark 956
Frankfort and Ilion 944
Fulton and Oswego Falls 944
Genesee and Water St. (Syracuse) 946
Germantown ". . . . 956
Globe Street 952
Gloucester 952
Grand Street and Newton 946
Grand St., Prospect Park and Flatbush. . 94'i
Green and Coates Streets (Philadelphia). . 956
Green Point and Lorimer Street. . . 946
Harlem Bridge, Morrisania and Fordham. 940
Harrisburg 956
Haverhill and Groveland Street 952
Herkimer and Mohawk 946
Hestonville, Mantua and Fairmount 956
Highland Street 952
Holyoke Street 952
Hoosac Valley 952
Houston, W. St. & Pavonia Ferry 946
GENERAL INDEX.
79
J PAGE
Jamaica and Brooklyn Road Co , 946
Jamestown 946
Jerome Park 946
Johnstown, Glov. and Kingsboro' 946
Johnstown . 956
Kingston City 946
Lancaster City 956
Lansingburg and Cohoes 946
Lehigh Avenue 956
Lombard and South Streets 956
Long Island City and Newtown 946
Lowell (Horse) 952
Lowell and Dracut 952
Lynn and Boston (Street) 952
M
Maiden and Melrose (Street) 954
Massachusetts, Tramways in 952-955
Merrimac Valley (Street) 954
Metropolitan (Boston) 954
Middlesex (Boston) 954
Mohawk and Ilion 946
Mt. Vernon and East Chester 946
N
Natick and Cochituate (Street) 954
Naumkeag (Street) 954
New Bedford and Fairhaven (Street) 954
Newburyport and Amesbury (Street) 954
New Brighton & Onondaga Valley 940
Newton 954 '
New Williamsburg and Flatbush 946
New York and Harlem 946
New York, Tramways in 942-951
Niagara Falls and Suspension Bridge 946
Ninth Avenue 948
Northampton (Street) 954
North and East Greenbush 948
North Woburn (Street) 954
Ogdensburgh
Olean
Oneida
Onset
Oswego
948
948
948 |
954
948
Park Avenue 948
Pennsylvania, Tramways in 956--960
People's (Philadelphia) 958
People's Street (Scranton) 956
Perkiomen Avenue (Reading) 958
Philadelphia City 958
Philadelphia and Darby 958
Philadelphia and Gray's Ferry 958
Philadelphia Traction 958
Pittsburgh, Alleghaney and Manchester. . 958
Pittsburgh and Birmingham 958
Pittsburgh, Oakland and E. Liberty 958
Pittsburgh and West End 958
Pittsburgh Union 958
Pittsfield 954
Pittston .'. 958
Prospect Park and Coney Island 948
Prospect Park and Flatbush «48
Reading City. 958
Richmond Co. (Staten Island) 948
Ridge Avenue 958
Rochester City and Brighton 948
Rockaway Village 948
S
Salem (Street) 954
Salem and Danvers (Street) 954
Scbuylkill River 958
Sea Cliff (Inclined Cable) 948
Second Avenue (New York) 948
Second Avenue (Pittsburgh) 958
Second and Third Streets (Phila.) 958
Seneca Falls and Cayuga Lake 948
Seventeenth and Nineteenth Streets 960
Sixth Avenue 948
Somerville (Horse) 954
South Boston (Street) 954
South Brooklyn Central. 948
South Ferry 948
South Side (Pittsburgh) 960
Springfield (Street) 954
Staten Island Shore 948
Stein way and Hunter's Point 948
Stillwater and Mechanicsville 950
Stoneham (Street) 954
Stroudsburg 960
Syracuse and Geddes 950
Syracuse and Onondaga 950
80
GENERAL INDEX.
Taunton (Street). 954
Third Avenue 950
Thirteenth and Fifteenth Sts. (Phila.) ... 960
Transverse 960
Troy and Albia 950
Troy and Cohoes 950
Troy and Lansingburg 950
Twenty-third Street 950
U
Union (Philadelphia) 960
Utica and Mohawk 950
Utica Clinton and Binghamton 950
V PAGE
Van Brunt Street and Erie Basin 950
W
Waltham and Newton (Street) 954
Washington St. and State Asylum 950
Waterford and Cohoes 950
Watervliet Turnpike 950
West Philadelphia 960
Wilkesbarre and Kingston 960
Williamsport 960
Winnisimet (Street) ... 954
Worcester (Street) 954
GENERAL INDEX 81
MISCELLANEOUS AND AUXILIARY CORPORATIONS.
PAGE
Alabama, New Orleans, Texas and Pacific Junction Railways Co., Limited 962
American Cotton Oil Trust 963
Boston Land Co 963
Cameron Iron and Coal Co 963
Colorado Coal and Iron Co 963
Columbus and Hocking Coal and Iron Co 965
Commercial Telegram Co 965
Equitable Gas Light Co 965
Gold and Stock Telegraph Co 980
International Ocean Telegraph Co 980
Lehigh and Wilkesbarre Coal Co 966
Manhattan Beach Co 967
Marshall Consolidated Coal Mining Co. (of Col.) 967
Northern Pacific Terminal Co 967
Ohio Central Terminal Ry. Co 968
Oregon and Transcontinental Co 968
Oregon Improvement Co 970
Oscsola Consolidated Mining Co 972
Pacific Mail Steamship Co 972
Pullman's Palace Car Co 974
Quicksilver Mining Co 975
Railroad Equipment Co , 975
Tennessee Coal, Iron and Railroad Co 975
Western Union Telegraph Co 977
82 GENERAL INDEX.
LIST OF MAPS.
Group 1.— Maine and New Hamshire , Facing page 1 .
Group "2. — Massachusetts, Rhode Island and Connecticut Between pages 64 and 65.
Group 3.: — New York and New Jersey Between pages 128 and 129.
Group 4. — Pennsylvania and Ohio Between pages 240 and 241.
Group 5. — Indiana and Illinois Between pages 368 and 369.
Group 6. — Michigan and Wisconsin Between pages 416 and 417.
Group 7. — Delaware, Maryland, etc Between pages 576 and 577.
Group 8. — Georgia, Florida and Alabama Between pages 672 and 673.
Group 9. — Louisiana, Mississippi and Arkansas Between pages 656 and 657.
Group 10. — Kentucky and Tennessee Between pages 688 and 689.
Group 11. — Iowa and Missouri Between pages 720 and 721.
Group 12. — Dakota and Minnesota Between pages 752 and 753.
Group 13. — Nebraska, Kansas and Indian Territory Between pages 768 and 769.
Group 14. — Utah, Colorado, Arizona, etc Between pages 784 and 785.
Group 15. — Texas Between pages 816 and 817.
Group 16. — Montana and Wyoming Between pages 848 and 849.
Group 17. — Washington, Oregon and Idaho. . . ; Between pages 804 and 865.
Group 18. — California and Nevada Between pages 880 and 881.
Group 19. — Canada Between pages 912 and 913.
Group 20. — Canada Between pages 928 and 929.
W. (i. DOMINICK.
B. DOMINICK, W. B. DICKERMAX, G. F. DOMINICK,
Member JV. Y. Stock Ex. Member N. Y. Stock Ex. Member JV~. Y. Stock Ex.
Bankers and Brokers,
lV OKFICKS— 1»KIVATK AVIRES :
657 Fifth Avenue, cor. 52d Street,
348 Broadway, corner Leonard Street,
NEW YORK.
83
CHRYSTIE & JANNEY,
Bankers,
23 and 25 NASSAU STREET,
Corner of Cedar St., NEW YORK.
Transact a General Banking Business.
Receive deposits subject to cheek at sight,
and allow interest on balances.
Deal in United States Government and Rail-
road Bonds, and State, County, and Municipal
Securities.
Negotiate Loans, and act as brokers for the
purchase and sale of Foreign Exchange.
Make collection of Drafts, Notes, Dividends,
and Coupons throughout the United States and
Canada.
Render Statements of Current Accounts
monthly.
Give special attention to consignments of
Bullion and make liberal advances on same
when desired.
And invite Correspondence.
84
•:• ESTABLISHED 1853. :• •: INCORPORATED 1873.
Bass Foundry and Machine Works,
Manufacturers of
CAR WHEELS AND AXLES
For Standard and Narrow Gauge Railroads.
RAILROAD CASTINGS and FORGINGS,
Steam Engines, Boilers,
MILL AND HEAVY MACHINERY,
FORT WAYNE, IND.
J. H. BASS, Pres't.
J. I. WHITE, Sec'y.
B. J. FISHER, Treas.
85
MANUFACTURER OF
Car, Enginejenderjruck and Driving Wheels
Cylinder*, Railroad and General Castings,
Office, 97 Dearborn Street.
Works, near C., R. I. & P. Jt. Jt. Shops.
A. WALLACE, Supt.
CHICAG-O, ILL.
J. H. BAPS, Prest., Fort Wayne, In<l.
J. I. WHITE, Vice- President.
It. W. GBEEX, Sec'y.
J. M. DUTBO, Treas.
ST. LOUIS CAR WHEEL COMPANY,
MANUFACTURERS OF ALL KINDS OF
Chilled Wheels and Castings,
General Office and Works : City Office :
Cabanne Street and Mo. Chamber of Commerce
Pac. Ry. Building, Room 3 I 4,
ST. LOUIS, MO.
86
D. A. HOPKINS
FOB
BEST
CAB JOUBNAL
BEARINGS,
LIFE IS TOO SHORT
To waste time in searching for reliable Journal
Bearings, and too precious to be imperiled
by the use of bad ones, when
"THE BEST"
Will in all eases be secured by simply ordering
them from
Hopkins still makes, and will continue to make,
THE BEST.
Hot Boxes, Ruined Journals, Delayed Trains, Collisions, and
Destruction of Life and Property often result from the use of
Bearings of Inferior Materials or Workmanship.
The Use of Poor Bearings is Always Costly and Dangerous,
ALPHABETICAL INDEX TO ADVERTISERS.
The advertisements will be found at the BACK of the book or in the FRONT. In both places they have a special
paging. Unless otherwise stated, the paging refers to the back of the book.
Age of Steel St. Louis, Mo. 41
Allison Manufacturing Co., The Philadelphia, Pa. opp.P.l ft.
American Bank Note Co New York, N. Y. 'Front 18
American Patent Portable House Manufacturing Co New York, N. Y. 18
Andrews, D. H. (Boston Bridge Works) Boston, Mass. Front 21
B
Baldwin Locom. Works (Burnham, Perry, Williams & Co.). . .Philadelphia, Pa. Front 59
Banker's Magazine New York, N. Y. 88
Barney & Smith Manufacturing Co Dayton, 0. 10
Bass Foundry and Machine Co Fort Wayne, Ind. Front 84
Bass J. H Chicago, 111. Front 85
Baugh Steam Forge Co Detroit, Mich. 14
Belmont, August & Co New York, N. Y. Front 84
Bement, Miles & Co Philadelphia, Pa. 58
Billrneyer & Small Co York, Pa. 7
Borg, Simon & Co New York, N. Y. Front 21
Boston Bridge Works (D. H. Andrews) Boston, Mass. 21
Bowler & Co Cleveland, 0. 19
Boynton, George A New York, N. Y. 51
Bradley Car Works Worcester, Mass. 7
Branch C. W Richmond, Va. Front 99
Branch, Thomas & Co Richmond, Va. Front 21
Brevoort House New York, N. Y. Front 14
Brewster, Cobb & Estabrook Boston, Mass. Front 81
Bridgeport Brass Co New York, N. Y., and Bridgeport, Conn. Front 9
Brill, J. G. Co (Philadelphia Car Works) Philadelphia, Pa. 68
Brooklyn Clay Retort and Fire- Brick Works Brooklyn, N. Y. 57
Brooks, Clarence & Co New York, N. Y. Front 93
Brown Bros. & Co New York, N. Y. Front 37
Brown, Riley & Co Boston, Mass. Front 31
Brown, Walston H. & Bros New York, N. Y. Front 27
Burnham, Parry, Williams & Co. (Baldwin Loco. Works) Philadelphia, Pa. Front 33
C
Cambria Iron Co Philadelphia, Pa. 49
Carnegie Bros. & Co., Limited Pittsburgh, Pa. 53
Carnegie, Phipps & Co Pittsburgh, Pa. Front 12
87
INDEX TO ADVERTISEES.
Carolin & Cox New York, N. Y.
Castleman, Humphreys Atlanta, Ga.
Cayuta Wheel & Foundry Co Sayre, Pa.
Central Trust Co. of New York New York, N. Y.
Chester Steel Casting Co Philadelphia, Pa.
Chilton Manufacturing Co New York & Boston.
Chicago Forge and Bolt Co. Chicago, 111.
Chrystie & Janney New York, N. Y.
Cleveland Wheel and Foundry Works (Maher & Brayton) Cleveland, O.
Coffin & Stanton New York, N. Y.
Colorado Coal and Iron Company. . , Denver, Col.
Cooke Locomotive and Machine Works, The New York and Paterson, N. J.
Cooper, Hewitt & Co t New York, N. Y.
Crew, Lerick & Co New York, N. Y. and South Chester, Pa.
D
Davenport & Fairbairn Erie, Pa. 6
Davis, John H. & Co New York, N. Y. Front 35
Dayton Car Works Dayton, 0. 58
Deslia Lumber and Planting Co., The Boston, Mass. Front 100
Detroit Car Wheel Co Detroit, Mich. 14
Detroit Steel and Spring Works Detroit, Mich. Front 104
Devoe, F. W. & Co New York, N. Y. Front 93
Dickson Manufacturing Co Scranton and Wilkesbarre, Pa. 32
Dominick & Dickerman New York, N. Y. Front 82
Dominion Bridge Co Montreal, Can. Front 92
Drexel & Co Philadelphia, Pa. Front 58
Dudgeon, Richard New York, N. Y. 60
E
Eames Vacuum Brake Co Boston, Mass.
Edge Moor Iron Co Wilmington, Del.
Elliot Frog & Switch Co East St. Louis, 111.
Engineering News .New York, N. Y.
Ensign Manufacturing Co Huniington, W. Va.
Eppinger & Russell Brooklyn, N. Y.
Erie Car Works. Limited Erie, Pa.
Front
Front
11
2
66
35
9
23
6
F
Farmers' Loan and Trust Co New York, N. Y. Front 54
Fay, J. A. & Co Cincinnati, Ohio. 59
Fidelity & Casualty Co New York, N. Y. Front 51
Fisher Rail Joint Works Trenton, N. J. 48
Fort Wayne Machine and Car Wheel Works Fort Wayne, Ind. Front 84
Franklin Bank Note Co New York, N. Y. Front 19
French, The A. Spring Co Pittsburgh, Pa. 56
Fuller Bros. & Co. . New York, N. Y. 54
INDEX TO ADVEETISERS.
89
G PAGE
Galena Oil Works, Limited Franklin, Pa. 26
Geneva Non-Magnetic Watch Co New York, N. T. Front 13
Gilman, Son & Co New York, N. Y. Front 27
Grant Locomotive Works, The New York, N. Y., and Paterson, N. J. 32|
Greeley, E. S. & Co New York, N. Y. 3
Green & Bateman New York, N. Y. Front 36
Griswold & Gillett New York, N. Y. Front 30
Guarantee Co. of North America New York, N. Y. , and Montreal, Can. Front 50
Guarantee Trust and Safe Deposit Co Philadelphia, Pa. Front 106
H
Harrisburg Car Manufacturing Co Harrisburg, Pa. 5
Hecla Powder Co New York, N. Y. 54
Hend ricks Bros New York, N. Y. 25
Hinkley Locomotive Company Boston, Mass. 30
Hollins, Frank C. & Co New York, N. Y., and Chicago. 111. Front 40
Romans Publishing Co New York, N . Y. 38
Homer Lee Bank Note Co New York, N. Y. Front 56
Hopkins, D. A New York, N. Y. Front 86
Howard Iron Works Buffalo, N, Y. 60
Huseey, Howe & Co. , Limited Pittsburgh, Pa. •/»,«. F't.Cov.
Hussey, Hoyt & Co Cleveland, Ohio. Front 99
I
Indiana Car Co • St. Lous, Mo. Front 4
International Trust Co Boston, Mass. Front 44
Investment Company, The, of Phila Philadelphia, Pa. Front 48
Iron Clad Paint Co f Cleveland, Ohio. 27
J
Jackson & Sharp Co Wilmington, Del. Front 15
•
K
Kearney & Foot Co New York, N. Y. 69
Keleher, P. F. & Co St. Louis. Mo. Front 94
Kidder, Peabody & Co New York, N. Y., and Boston, Mass. Front 39
Knauth, Nachod & Kiihne New York, N. Y. Front 43
Kountze Bros New York, N. ~Y.op.ln.Ft.Cov
Krupp, Fried. (Thos. Prosser & Son; New York, N. Y. 64
L
Lane and Bodley Co Cincinnati, 0. 64
Lancashire Insurance Co New York, N. Y. Front 24
Leonard & Ellis New York, N. Y. Front 14
Lehigh Valley Car Co Allentown, Pa. 67
Levis, Henry & Co Philadelphia, Pa. Front 94
Lobdell Car Wheel Co Wilmington, Del. 12 and 13
Ludlow Valve Manufacturing Co Troy, N. Y. Front 8
M
Maher & Brayton Cleveland, O. 15
Maitland, Phelps & Co New York, N. Y. Front 36
90
INDEX TO ADVERTISERS.
Manchester Locomotive Works Manchester, N. H.
Manhattan Life Insurance Co. of New York New York, N. Y.
Mason, Gooch & Hoge Co Frankfort, Ky.
Mason Machine Works Taunton, Mass.
Maverick National Bank Boston, Mass.
McManus, P West Philadelphia, Pa.
McLain, Louis Sandford, Fla.
Mercer Rubber Co Trenton, N. J.
Merchants' National Bank Richmond, Va.
Meredith, William T New York, N. Y.
Metropolitan Trust Co New York, N. Y.
Michigan Car Co Detroit, Mich.
Middleton N. & A. Co., Limited Philadelphia, Pa.
Midvale Steel Co Philadelphia, Pa.
Miller, McDonald & Co Fremont, Neb.
Missouri Car and Foundry Co St. Louis, Mo.
Montreal, Bank of Montreal, Can.
Mortgage Trust Co. of Pennsylvania Philadelphia, Pa.
Morton, Bliys & Co New York, N. Y.
Moss Bay Hematite Iron and Steel Co. (The)
Front
Front 100
Front 4
Front 42
Front 53
Front 29
52
N
National Car and Locomotive Builder New York, N . Y. 36
National Car and Locomotive Builder Supplement New York, N. Y. 37
National Railway Pub. Co New York, N. Y. 40
New England Railway Pub. Co Boston, Mass. 41
New England Trust Co Boston, Mass. Front 52
New Jersey Steel and Iron Co Trenton, N. J. 19
New York Life Insurance Co New York, N. Y. Front 22
North Chicago Rolling Mill Co Chicago, III. 50
Parkinson & Burr ............................................. Boston, Mass.
Passaic Rolling Mill Co ...................................... Paterson, N. J.
Paton, John & Co .......................................... New York, N. Y.
Penfield Block Co ........................................... Lockport, N. Y.
Pennsylvania Steel Co ...................................... Philadelphia, Pa.
Penn Mutual Life Insurance Co. of Philadelphia ............. Philadelphia, Pa.
Philadelphia Car Works (J. G. Brill Co.) .................... Philadelphia, Pa.
Phoenix Assurance Co .......................................... London, Eng.
Phoenix Bridge Co ......................................... Philadelphia, Pa.
Phenix Insurance Co ....................................... Brooklyn, N. Y.
Phosphor Bronze Smelting Co., Limited .................... Philadelphia, Pa.
Pittsburgh Cast Steel Spring Works (The A. French Spring Co). Pittsburgh, Pa.
Pittsburgh Locomotive and Car Works ........................ Pittsburgh, Pa.
Place, George ............................................. New York, N. Y.
Plume and At wood Manufacturing Co ...................... Waterbury, Conn.
Poor & Greenough ......................................... New York, N. Y.
Porter, H. K. & Co .......................................... Pittsburgh, Pa.
Post & Co .................................................... Cincinnati, O.
Front 14£
Front 24
68
Front 25
20
Front 25
65
56
31
56
4
Front 49
29
INDEX TO ADVERTISERS.
91
Potter, Chas. H. & Co Cleveland, O.
Prince & Whiteley New York, N. Y.
Prosser, Thomas & Son New York, N. Y.
Pugli & Russell New York, N. Y.
PAGE
Front 21
Front 105
64
Front 100
B
Railroad Gazette New York, N. Y.
Ramapo Wheel and Foundry Co Ramapo, N. Y.
Rand, McNally & Co Chicago, 111.
Real Estate Trust Co Philadelphia, Pa.
Rhode Island Locomotive Works Providence, R. I.
Rochester Bridge and 'Iron Works Rochester, N. Y.
Rochester Car Wheel Works Rochester, N. Y.
Roebling, John A., Sons Co New York, N. Y.
Rogers Locomotive and Machine Works Paterson, N. J.
Royal Insurance Co New York, N. Y.
Front
34
16
39
47
64
22
15
9
61
s
St. Louis Car Wheel Co St. Louis, Mo. Front 85
Safe Deposit Company, The, of New York New York, N. Y. Front 44
Satterlee, Bostwick & Martin New York, N. Y. 33
Saxton, J. C New York, N. Y. Front 99
Schenectadv Locomotive Works Schenectady, N. Y. 63
Seligman, J. & W. & Co New York, N. Y. Front 30
Sellers, Morris & Co Chicago, 111. Front 3
Sellers, William & Co Philadelphia Pa. Front 60
Signal Oil Works, Limited Franklin, Pa. 26
Solicitors Co., The Philadelphia, Pa. Op. Page I of RR. Statement
Standard Steel Works, The Philadelphia, Pa. Front 1
State Safe Deposit Vault New York, N. Y. front 55
Stephenson, John, Company, Limited New York, N. Y. Front 7
Stroud & Co New York, N. Y. Front 6
Taunton Locomotive Manufacturing Co Taunton, Mass. 29
Taylor, L. H. & Co Philadelphia, Pa. Front 33
Taylor Iron Works High Bridge, N. J. Front 2
Tower, Giddings & Co Boston, Mass. Front 32
Traveler's Life & Accident Accident Insurance Co Hartford, Conn. Front 23
Troy Steel and Iron Co Troy, N. Y. 55
Tudor Iron Works St. Louis, Mo. 32
U
Uhle, J. Bethell Philadelphia, Pa.
Union Bridge Co New York, N. Y.
Union Steel Co Chicogo, 111.
Union Trust Co Philadelphia, Pa.
United States Rolling Stock Co New York, N. Y.
United States Trust Co New York, N. Y.
Utley, W. R New York, N. Y.
7
Front
Front
Front
51
53
5
46
33
92
INDEX TO ADVEETISEES.
Valentine & Co New York, X. T,
Vermilye & Co New York, N. Y. Front 40
Vose, Richard New York, X. Y. 54
Vulcanized Fibre Co New York, N. Y. 11
W
Walkley & Co New York, N. Y. 18
Wason Manufacturing Co Springfield, Mass. 8
Weir Frog Co., The Cincinnati, O. Front 95
Western Bank Note Co Chicago, 111. Front 20
Westinghouse Air Bake Co Pittsburgh, Pa. Front 10
White & Raeder New York, N. Y. Front 99
Whitney, A. & Sons Philadelphia, Pa. 17
Whiton^ A. S New York, N. Y. 52
Wickes Refrigerator Company Chicago, 111. 67
Wilson, R. T. & Co New York, N. Y. Front 28
Wilson Bros. & Co Philadelphia, Pa.
"Winch, Corydon Philadelphia, Pa.
Wood, R. D. & Co Philadelphia, Pa.
Woods Machine Co., S. A Boston, Mass.
Y
Youno- & Sons • Philadelphia, Pa. 24
(LIMITED.
Works at Lachine, P. p. Works at Toronto, Ontario.
Job Abbott, President and Engineer.
Phelps Johnson, Manager and Engineer.
Plates, Channels, Beams, Angles and Rivets.
STEEL AND IRON RAILWAY AND HIGHWAY PLATE
AND
Trnss Bridges, Vlaiucts, Hoofs, Turn-Tables ani Structural Metal fort
Refer to G. T. Ry.; C. V. Ry.; T. G. & B. Ry.; G. B. & L. E. Ry.; Central Ontario Ry.; S. E Ry.;
Q C. Ry.; Q. & L. St. J. Ry.; I. C. Ry.; W. & A. Ry.; Canada Atlantic Ry ; Ont. & Quebec Ry.;
Canada Pacific Ry.; Dept. of Hallways and Canals, Ottawa and municipal authorities at numerous
points in Canada. Capacity of both works, 15,000 tons yearly.
Special Rates for American Designs for Export Trade.
]No.
PRESIDENT AND CHEEP ENGINEER'S OFFICE :
1, Windsor Hotel, Montreal, F». Q.
93
FINE COACH AND RAILWAY VARNISHES.
e**'1
0*
SEND FOR PRICE LIST.
F. W. DEVOE & CO.,
Cor. Fulton and William Streets, NEW YORK,
(ESTABLISH KID 1853.)
•
MANUFACTURERS OF
STANDARD COACH COLORS,
STANDARD VARNISHES,
STANDARD BRUSHES,
As Used by all the Principal Railroads of the United States.
ARTISTS' MATERIALS. MATHEMATICAL INSTRUMENTS.
ENGINEERING GOODS.
COFFIN, DEVOE & Co., 1 76 Randolph St., Chicago.
94
PHILADELPHIA OFFICE, NEW YORK OFFICE,
234 SOUTH FOURTH STREET. 10 WALL STREET.
HENRY LEVIS & CO.,
Manufacturers' Agents and Commission Merchants.
IRON AND STEEL RAILS,
Spikes and Fish Plates, Old Rails, Scrap, Etc.
BOILER, TANK, AND BOAT IRON,
PIG IRON, BAR IRON.
AGENTS
SPRINGFIELD IRON CO., Springfield, 111.,
BESSEMER STEEL RAILS,
SPLICE BARS, AND BOLTS AND NUTS, Etc.
Established IS 71.
P. F. KELEHER & CO.,
317 OLIVE STREET,
ST. Louis, Mo.,
BALERS IN WESTERN SECURITIES
h
ew
AT^SO IjOCATj BONDS AXJ) STOCKS OF KVKRY DESCRIPTION, AND
PRI3IE COMMERCIAL PAPER.
B^" Every issue of bonds sold by us is guaranteed to be legal and valid.
T1>V *»T— »\ \
ROG-Co
8£^ FRED.C.WEIR'Sf
IMPROVED STEEL.RAILFROGS,CROS SINGS !
.SPLIT AND STUBSWITCHES,SWITCH STANDS, f
SWITCH BARS . " '^ -"SWITCH FIXTURES
ALL PARTS MADE BY MACHINERY IN DIES & PERFECTLY INTERCHANSABLE.
PHOTOGRAPH & ESTIMATES FURNISHED ON APPLICATI ON .
[f* Jp" '~"V
COMPLETE SYSTEM
FRED.C.WEIR.
OTJIS nvc o i_. ^ i
M. Am. Soc. C. E.
LATE ASS'T U. S. ENB'R SOUTH PASS JETTIES,
DIVISION ENGINEER G. P. R'v, AND
MAINTENANCE OF WAY ENG'R S. F. R.R.
CONSULTING ENGINEER AND CONTRACTOR,
Makes a specialty of R. R. Construction and Equipment in cases where it is d*sired to make payment in Bonds.
CLASSIFIED INDEX TO ADVERTISEMENTS.
The advertisements will Vie found at the BACK of the book or in the FRONT. In both places they have a separate
paging. Unless stated, the paging refers to the back of the book.
ACCIDENT INSURANCE Cos. • PA«E
Fidelity & Casualty Co.. New York City. ..Front 51
Travelers' Insurance Co., Hartford, Ct Front 23
Ara BRAKES.
Eames Vacuum Brake Co., Boston. Mass. .Front 11
Westinghouse Air-B:ake Co.. Pitts., Pa Front 10
AIR GAUGE.
Post & Co., Cincinnati, Ohio 2
ANGLE AND TEE IRON.
Carnegie Bros. & Co. (Lim.), Pittsburgh, Pa 53
Dominion Bridge Co. (Lim.), Montreal & Onta-
rio, Canada Front 92
Sellers, Morris & Co., Chicago, 111 Front 3
New Jersey Steel and Iron Co., Trenton, N. J.. . 19
Passaic Rolling Mill Co., Paterson, N. J 21
ANTIMONY.
Hendricks Bros., New York, N. Y 25
ANVILS.
Chester Steel Casting Co., Phila., Pa 33
Midvale Steel Co., Philadelphia, Pa Front 1
AUTOMATIC BRAKES.
Eames Vacuum Brake Co., Boston. Mass. Front 11
Westinghouse Air-Brake Co., Pitts., Pa ... Front 10
AXLES.
Bass Foundry & Machine Co., F. Wayne, Ind..^"< 84
Baugh Steam Forge Co., Detroit. Mich 14
Cambria Iron Co., Johnstown, Pa 49
Carnegie, Phipps & Co. (Lim.), Pitts., PH.. Front 12
Chicago Forge & Bolt Co., Chicago, 111 22
Ensign M'f g Co., Huntington, W. Va 9
Hussey, Howe & Co., Pittsburgh, Pa Ins. F't Cov.
Michigan Car Co., Detroit, Mich Front 5
Midvale Steel Co., Philadelphia, Pa Front 1
Pennsylvania Steel Co., Philadelphia, fa... Front 14£
Prosper, Thomas & Sou, New York, N. Y 50
Rhode Island Locomotive Works. Prov., R. I 64
Standard Steel Works, Philadelphia, Pa.... Front 1
Taylor Iron Works, High Bridge, N. J Front 2
PAGE
Troy Steel and Iron Co., Troy, N. Y ............. 55
Whitney, A. & Sons, Philadelphia, Pa .......... 17
BAR IRON.
Bangh Steam Forge Co.. Detroit, Mich ......... 14
Levis, Henry & Co., Philadelphia, Pa ..... Front 94
Sellers, Morris & Co.. Chicago, 111 ......... Front 3
Winch, Cory don, Philadelphia, Pa .............. 65
BEAMS AND GIRDERS.
Boston Bridge Works, Boston, Mass ............. 21
Carnegie Bros. & Co. , Pittsburgh , Pa ............ 53
Edge Moor Iron Co., Wilmington, Del ____ Front 2
New Jersey Steel & Iron Co., Trenton, N. J ..... 19
Passaic Rolling Mill Co., Paterson, N. J ......... 21
Rochester Bridge & Iron Works, Rochester, N.Y. 22
BELTING.
Mercer Rubber Co., Trenton, N. J ...... Front 8
Post & Co., Cincinnati, Ohio .................... 2
BANKERS AND BROKERS.
Bank of Montreal, Montreal, Canada ...... Front 42
Belmont, August & Co., New York, N. Y . .Front 34
Borg, Simon & Co., New York, N. Y ...... Front 21
Branch, C. W., Richmond Va ............ Front 99
Branch, Thomas & Co., Richmond, Va ____ Front 21
Brestever, Cobb & Estabrook. Boston, Mass. .F't 31
Brown Bros. & Co., New York, N. Y ...... Fiont 37
Brown, Riley & Co., Boston, Mass .............. 31
Brown. Walston H. & Bros., New York, N.Y. ft 27
Carlin & Cox, New York, N. Y ............. Front 26
Castleman, Humphreys, Atlanta, Ga ....... Front 99
Central Trust Co., New York, N. Y ....... Front 45
Chrystie & Jatiney, New York, N. Y ...... Front 83
Coffin & Stanton, New York, N. Y ........ Front 29
Davis, John H. & Co., New York, N. Y. . Front 35
Dominick & Dickerman, New York, N. Y .Front 82
Drexel & Co., Philadelphia, Pa ........... Front 58
Fanners' Loan & Trust Co., New York, N.Y. .F't 54
., , .. .
Oilman, Son & Co., New York, N. Y ...... Front 27
Green & Bateman, New York, N. Y ....... Front
Griswold & Gillett, New York, N. Y ....... Front
Hollins. Frank C. & Co., New York, N. Y., &
Chicago, 111 ........................... Front
36
30
, ........................... 40
Hussey, Hoyt & Co., Cleveland, O ........ Front 99
International Trust Co., Boston, Mass ..... Front 44
95
96
INDEX TO ADVERTISEMENTS.
Investment Co., The, Philadelphia, Pa ....Front 48
Keleher, P. F. & Co., St. Louis, Mo Front 94
Kidder. Peabody & Co., New York, N, Y. &
Boston, Mass Front 39
Knauth, Nachod & Kuhne, New York, N.Y. Front 43
Kountze Bros., New York. N. Y Opp. In. F't Cov.
Maitland, Phelps & Co., New York, N. Y.. Front 36
Maverick National Bank, Bostsn, Mass Front 41
Merchants' National Bank, Richmond, Va. Front 21
Meredith, William T., New York, N. Y . ..Front 26
Metropolitan Trust Co., New York, N. Y ..Front 43
Morton, Bliss & Co., New York, N. Y Front 29
New England Trust Co., Boston, Mass Front 52
Parkinson & Burr, Boston, Mass Front 32
Paton, John & Co. , New York, N. Y Front 28
Poor & Greenough, New York, N.Y Front 49
Potter, Charles H. & Co., Cleveland, O Front 21
Prince & Whitely, New York, N. Y. & Wash-
ington, D. C. . ." Front 105
Seligman, J. & W. & Co., New York, N.Y. Front 30
Taylor, L. H. & Co., Philadelphia, Pa Front 33
Tower, Giddings & Co., Boston, Mass Front 32
United States Trust Co., New Yorlj, N. Y. Front 46
Vermilye & Co., New York, N. Y Front 40
Wilson, R. T. & Co., New York, N. Y Front 28
BLASTING POWDER.
Hecla Powder Co. , New York, N. Y 54
BLOCK.
Penfield Block Co., Lockport, N. Y 1
BOILERS.
Bass Foundry & Mach.Co., Ft. Wayne, Ind . . . F't 84
Edge Moor Iron Co,. Edge Moor, Del Front 2
Manchester Loco. Works, Manchester, N. H 62
Pittsburgh Loco, and Car Works, Pittsburgh, Pa. 31
Rhode Island Loco. Works, Providence, R. I 64
BOILER FEEDER.
Prosser, Thomas" & Son, New York, N. Y 64
Sellers, William & Co., Philadelphia, Pa... Front 60
BOILER PLATE.
Hussey, Howe & Co., Pittsburgh, PH.. 1m. Front Cov.
Levis, Henry & Co., Philadelphia, Pa Front 94
BOILER TUBES.
Allison M'f g Co., Phila , Pa Opp. Page \ Front
Post & Co., Cincinnati, Ohio 2
Prosser, Thomas & Son,.New York, N. Y 64
BOLTS.
Allison MTg Co., Philadelphia, Pa. . Opp. Page 1 ft
Chicago Forge & Bolt Co., Chicago, 111 22
Fuller Bros. & Co., New York, N. Y 54
Harrisburg Car MTg Co. , Harris burg, Pa 5
Post & Co., Cincinnati, O 2
Troy Steel & Iron Co., Troy, N. Y 55
Tudor Iron Works, St. Louis, Mo 32
Winch, Corydon, Philadelphia, Pa 65
BRAKE PIPE.
Mercer Rubber Co., Trenton, N. J Front 8
BRAKE R. R.
Eames Vacuum Brake Co., Boston, Mass. .Front 11
Westinghouse Air-Brake Co., Pittsburgh, P&.F't 10
BRASS (SHEET).
Bridgeport Brass Co., Bridgeport, Conn. . .Front 9
Plume & Atwood Mfg. Co., Waterbury, Ct 4
BRASS FOUNDERS.
Bridgeport Brass Co., Bridgeport, Conn . . .Front 9
Phosphor- Bronze Smelting Co., Phila., Pa 65
Sellers, Morris & Co., Chicago, 111... Fro/if 'A
BRASS SEAMLESS TUBING. PAGE
Bridgeport Brass Co. , Bridgeport, Conn Frort t 9
BRIDGE BUILDERS. •
Boston Bridge Works, Boston. Mass 21
Dominion Bridge Co. (Lira.), Toronto & Mon-
treal, Canada Front 3
Edge Moor Iron Co., Wilmington, Del Front 92
Mason, Gooch & Hoge Co., Frankfort, K-y. Front 100
New Jersey Steel & Iron Co., Trenton, N. J 19
Passaic Rolling Mill Co., Paterson, N. J 21
Phoenix Bridge Co., Philadelphia, Pa 20
Rochester Bridge & Iron Works. Rochester, N.Y. 22
Union Bridge < 'o. , New York, N.Y Front 6
Wilson Bros. & Co., Philadelphia, Pa 24
BRIDGE TJMBER.
Desha Lumber and Planting Co., The, Boston, •
Mass Front 109
BROKERS.
(See Bankers.)
CAR BEARINGS.
Chester Steel Casting Co., Phila., Pa 33
Ensign Mfg. Co., Huntington, W. Va 9
Hopkins, D. A., New York, N. Y Front 86
Missouri Car & Foundry Co., St. Louis, Mo. Front 4
Phosphor-Bronze Smelting Co., Philadelphia, Pa 65
Post <fe Co., Cincinnati, Ohio 2
Sellers, Morris & Co., Chicago, 111 Front 3
CAR BRAKES.
Eames Vacuum Brake Co., Boston, Mass. .Front 10
Westinghouse Air-Brake Co., Pittsburgh, Pa./"/ 11
CAR BRAKE SHOE.
Chester Steel Castings Co., Philadelphia, Pa 33
Ramapo Wheel and Foundry Co., Raniapo, N.Y. 16
CAR BRASSES.
Phosphor-Bronze Smelting Co., Philadelphia, Pa.
Post & Co., Cincinnati, Ohio
CAR BUILDERS.
Allison Mfg. Co., Phila., Pa 0}))>. Page 1 Front
Barney & Smith Mfg. Co., Dayton, Ohio .... 10'
Billmeyer & Small Co., York, Pa 7
Bradley Car Works, Worcester, Mass 7
Brill, J. G. Co., Philadelphia, Pa 68
Dayton Car Works, Dayton, Ohio 10
Dickson Manufacturing Co.. Scran ton, Pa 32
Ensign Mfg. Co.. Huntington. W. Va 9
Erie Car Works (Limited), Erie, Pa 6
Harrisburg Car Mfg. Co., Harrisburg, Pa 5
Indiana Car Co., St. Louis, Mo Front 4
Jackson & Sharp Co., Wilmington, Del Front 15
Lehigh Valley Car Co., Allentown. Pa 67
Michigan Car Co., Detroit, Mich Front . 5
Missouri C«r & Foundry Co.. St. Louis.Mo.^oni 4
Pittsburgh Loco. & Car Works. Pittsburgh, Pa. 31
Stephenson Co., John (Lim.) (St't) N. Y ..Front 7
U. S. Rolling Stock Co.. New York. N. Y 5
Wason Manufacturing Co., Springfield, Mass... 8
CAR DOOR LOCKS.
Post & Co., Cincinnati, Ohio.
CAR FIXTURES.
Greeley, E. S. & Co., New York, N. Y. . . 3
Post & Co., Cincinnati, Ohio •>
INDEX TO ADVERTISEMENTS.
97
CAR LAMPS. PAGK
Post & Co., Cincinnati, Ohio 2
CAR MACHINERY.
Fay, J. A. & Co., Cincinnati. Ohio 59
Woods. S. A.. Machine Co., Boston, Mass 5T
CAR REPLACERS.
Pennsylvania Steel Co., Philadelphia, PA.. Front, I4J
CAR SEATS.
Greeley, E. S. & Co., New York, N. Y 3
CAR SEAT FRAME.
Middle-ton, N. & A. & Co. (Lira.), Phila, Pa 9
CAR SPRINGS.
Cambria Iron Co., Johnstown, Pa 49
Detroit Steel & Spring Works, Detroit, Micli.^7 104
Mercer Rubber Co., Trenton, N. J Front 8
Middleton, N. & A. & Co. (Lim.), Phila., Pa 9
The A. French Spring Co., Pittsburgh, Pa. ..F't 56
Vose, Richard, New York, N. Y 54
CARS, STREET.
Brill, J. G. Co., Philadelphia, Pa. Opp In. Buck Cover.
Pngh & Russell, New York, N. Y., & Chi-
cago. Ill Front 100
Stephenson, John, Co. (Lim.), New York,
N. Y Front 7
CAR TRIMMINGS.
Greeley, E. S. & Co., New York, N. Y. . . 3
Post & Co., Cincinnati, Ohio 2
CAR WHEELS.
Barney & Smith Mfg. Co., Dayton, Ohio. . . .10
Bass Fo'dry & Mach. Wks. Fort Way ue,lnd ..F't 84
Bass, J. H., Chicago. Ill Front 85
Bowler & Co., Cleveland, Ohio 19
Cayuta Wheel & Foundry Co., Sayre, Pa 16
Chester Sterl < 'asiiiiLr Co.. Phila. /Pa 33
Davenport <fc Fairbnirn, Erie, Pa 6
Detroit Car Wheel Co., Detroit. Mich 14
Diekson Manufacturing Co., Scranton, Pa 32
Ensign Manufacturing Co., Huminglon, W. Va. 9
Harnsbnrg Car Manuring Co., Harrisburg, Pa . 5
Lobdell Car Wheel Co., Wilmington, Del. .12 and 13
Maher & Brayton, Cleveland, Ohio 15
Micnigan Car Ce>., Detroit, Mich Front 5
Missouri Car & Foundry Co., St. Louis, Mo.Front 4
Preisse-r. Thomas \ Son. New York, N. Y 64
Ramapo Wheel & Foundry Co., Ramapo, N. Y. . 16
Rochester Car Wheel Works, Rochester, N. Y. . 15
St. Louis Car WTheel Co., St. Louis. Mo Front 85
Taylor Iron Works, High Bridge, N. J. . .Front 2
Wason Manufacturing Co , Springfield, Mass. . . 8
Whitney, A. & Sons, Philadelphia, Pa 17
CAR WHEEL BORING MACHINES.
Bement, Miles & Co.. Philadelphia, Pa 58
Lobdell Car Wheel Co., Wilmington, Del. . . .13 & 13
Sellers, Win. & Co., Philadelphia, Pa Front 60
CAST STEEL.
Detroit Steel & Springs Works, Detroit, Mich . F't 104
Hussey, Howe & Co., Pittsburgh. Pa.. .Ins. F't f-'ov.
Midvale Steel Co., Philadelphia, Pa Front 1
Prosser, Thomas & Son, New York, N. Y . . . 64
Standard Steel Works, Philadelphia, Pa. ..Front 1
CIRCULAR SAWS.
Fay, J. A. & Co., Cincinnati, Ohio.
Place, Gco., New York, N. Y
CIVIL ENGINEERS. PAGE
McLain, Louis, Sanford, Fla Front 95
White & Raeder, New York. N. Y Front 99
Wilson Bros. & Co., Philadelphia, Pa A 24
COAL.
Colorado Coal & Iron Co., Denver, Col 52
COLORS.
Chilton Manuf. Co., New York, N. Y Front 3
Devoe, F. W. & Co.. New York, N. Y Front 93
Valentine & Co., New York, N. Y 28
COMMISSION MERCHANTS.
Levis. Henry & Co., Philadelphia, Pa Front 94
Stroud & Co., New York, N. Y Front 6
Whiton. A. S., New York, N. Y 52
Wilson, R. T. & Co., New York, N. Y Front 28
CONTRACTORS.
Mason, Gooch & Hoge Co., Frankfort, Ky. Front 100
McManus, P., West Philadelphia, Pa Front 100
MeLain. Louis, Sanford, Fla Front 95
Miller, McDonald & Co., Fremont. Neb.. .Front 100
Union Bridge Co., New York, N. Y Front 6
CONTRACTORS' SUPPLIES.
Saxton, J. C., New York, N. Y Front 99
CONDUCTORS' PUNCHES.
Post & Co., Cincinnati, Ohio 2
COPPER INGOT.
Hendricks Bros., New York, N. Y 25
Post & Co., Cincinnati, Ohio 2
COPPER SEAMI.E>S TUBING.
Bridgeport Brass Co., Bridgeport, Conn. . .Front 9
CRANK PIN JACKS.
Dudgeon, Richard, New York, N. Y 60
CREOSOTING.
Eppinger & Russell, Brooklyu, N. Y Front 23
CROSSINGS, R. R.
Chester Steel Casting Co., Phila., Pa 33
Elliot Frog & Switch Co, East St. Louis, 111. ... 66
Midvale Steel Co., Philadelphia, Pa Front 1
Pennsylvania Steel Co., Philadelphia, Pa... Front 14J
Weir Frog Co., Cincinnati, O Front 95
66
CULVERTS.
Wood, R. D. & Co., Philadelphia, Pa
DRAW BARS.
Baugh Steam Forge Co., Detroit, Mich 14
Edge Moor Iron Co., Wilmington, Del Front 2
DRILLS.
Bement. Miles & Co., Philadelphia, Pa. 58
Place, George, New York, N. Y 51!
Sellers, Win. & Co., Philadelphia, Pa Front 60
DYNAMITE.
Hecla Powder Co., New York, N. Y 54
ELECTRICAL INSTRUMENTS.
Greeley. E. S. & Co., New York, N. Y 3
Post & Co., Cincinnati,. Ohio 2
ENGINEERS' INSTRUMENTS.
Young & Sons, Philadelphia, Pa 24
98
INDEX TO ADVERTISEMENTS.
ENGRAVERS. PAGE
American Bank Note Co., New York, N. Y. .F't 18
Franklin Bank Note Co., New York, N. Y.. .F"t. 19
Homer Lee Bank Note Co., New York, N. Y.f"t
Front
Western Bank Note Co., Chicago, 111.
EYE BARS.
Edge Moor Iron Co., Wilmington, Del Front 2
FIBRE SCREW NUTS.
Vulcanized Fibre Co., Wilmington, Del 11
FIDELITY INS. AND GUARANTEE BONDS.
Fidelity & Casualty Co., New York, N. Y. Front 51
Guarantee Co. of N. Am., Montreal, Csm... Front 50
FILES.
Kearney & Foot Co., New York, N. Y 69
FIRE BRICK.
B'k'n Clay Retort & Fire Brick W'ks, B'k'n, N. Y. 57
FIRE ENGINES.
Manchester Loco. Works, Manchester, N. H 62
FIRE HYDRANTS.
Ludlow Valve Manuf g Co., Troy, N. Y Front 8
Wood, R. D. & Co., Philadelphia, Pa 66
FIRE INSURANCE.
Royal Insurance Co., New York, N. Y 68
FOHGINGS, ER.
Bass Foundry & Machine Co.,Ft.Wayne.Ind. .F't 100
Baugh Steam Forge Co., Detroit. Mich 14
Cambria Iron Co., Johnstown, Pa 49
Carnegie, Phipps & Co. (Lim.), Pitts.. Pa....^ 12
Chicago Forge & Bolt Co., Chicago, 111 22
Edge Moor Iron Co., Edge Moor, Del Front 2
Hussey, Howe & Co., Pittsburgh, Pa Ing. F't Cov.
Michigan Car Co., Detroit, Mich Front 5
| Midvale Steel Co., Philadelphia, Pa Front 1
Pennsylvania Steel Co., Philadelphia, Pa... Front 14|
Prosper, Thomas & Son, New York, N. Y 64
Standard Steel Works, Philadelphia, Pa. ..Front 1
Taylor Iron Works, High Bridge, N. J ...Front 2
FROGS, ER.
i Barney & Smith, Manufacturing Co., Dayton, O. 10
Bowler &'Co., Cleveland, Ohio 19
Chester Steel Casting Co., Phila., Pa .... 33
Elliot Frog & Switch Co., East St. Louis. 111. 66
Lobdell Car Wheel Co., Wilmington, Del 12 & 13
Midvale Steel Co., Philadelphia, Pa Front 1
Pennsylvania Steel Co., Philadelphia, Pa... Front 14£
Weir Frog Co., Cincinnati, Ohio Front 92
GELATINIZED FIBRE.
Vulcanized Fibre Co., Wilmington, Del 11
GOVERNMENT SECURITIES.
Brown Bros. & Co., New York, N. Y Front 37
Chrystie & Janney , New York, N. Y Ft out 83
Drexel & Co., Philadelphia, Pa Front 58
Green & Bateman, New York, N. Y Front 36
Keleher, P. F. & Co., East St. Louis, III . . .Front 94
Koimtze Bros., New York, N. Y. . . Ojn. In. F't Cov.
Morton, Bliss & Co., New York. N. Y Front 29
Paton, John & Co., New York, N. Y Front 28
Poor & Greenough, New York, N. Y Front 49
TJtley, W. R. , New York, N. Y Front 33
Wilson, R. T. & Co., New York. N. Y Front 28
HEAD LIGHTS.
Post & Co., Cincinnati, Ohio. 2
HOMOGENEOUS BOILER PLATE.
Hussey, Howe & Co., Pittsburgh, Pa../n. Front Cov.
PAGE
8
14
HOSE.
Mercer Rubber Co., Trenton, N. J ........ Front
HOTELS.
Brevoort House, New York, N. Y. . . ....... Front
HYDRAULIC FORGINGS.
Edge Moor Iron Co., Edge Moor, Del ...... Front 2
HYDRAULIC GAUGES.
Post & Co., Cincinnati, Ohio ..................... 2
HYDRAULIC JACKS.
Dudgeon, Richard, New York, N. Y ............. 60
Post & Co., Cincinnati, 'Ohio .................... 2
HYDRAULIC PUNCHES.
Dudgeon, Richard, New York, N. Y ............ 60
HYDROSTATIC WHEEL PRESS.
Lobdell Car Wheel Co., Wilmington, Del. ... 12 & 13
INJECTORS.
Prosper, Thomas & Son. New York, N. Y ....... 64
Sellers, Wm. & Co., Philadelphia, Pa ...... Front 60
INSURANCE COMPANIES.
Fidelity & Casualty Co., New York, N. Y. Front 51
Guarantee Co. of North Am., Montreal, Caa.f"t 50
Lancashire Ins. Co., Manchester England. Front 24
Manhattan Life Ins. Co. of N.Y.,New Y'k,N.Y.J"it 23
New York Life Ins. Co., New York. N. Y. Front 22
Penn. Mu. L. Ins. Co. of Phila., Phila., Pa. . .F't 24
Phenix Insurance Co., Brooklyn, N. Y ____ Front 25
Phoenix As'nce Co. of Lond.,N.Y.& Lond.,Eng..F'£ 25
Royal Insurance Co., New York, N. Y .......... 68
Satterlee. Bostwick & Martin, New York ........ 33
Travelers' Ins. Co., Hartford, Conn ........ Front 23
INTERLOCKING SWITCHES.
Pennsylvania Steel Co., Philadelphia, Pa. .Front 14^
IRON, BAR.
Baugh Iron Forge Co.. Detroit, Mich ............ 14
Cambria Iron Works, Philadelphia, Pa ......... 49
Colorado Coal & Iron Co., Denver. Col ........... 52
Levis, Henry & Co., Philadelphia. Pa ...... Front 91
Morris. Sellers & Co.. Chicago. Ill ........ Front
North Chicago Rolling Mill Co., Chicago, 111
Passaic Rolling Mill Co., Paterson, N. J
IRON CLAD PAINT.
Iron Clad Paint Co., Cleveland, Ohio 27
IRON, PIG.
Colorado Coal & Iron Co.. Denver. Col 52
North Chicago Rolling Mill Co., Chicago, 111 50
Union Steel Co., Chicago, 111 51
IRON PIPE AND FITTINGS.
Allison Mfg. Co., Philadelphia, Pa. . Opp. Page 1 F't
Rochester Bridge & Iron Works, Rochester, N. Y. 22
JACKS.
Post & Co., Cincinnati, Ohio 2
JAPANS.
Chilton Mfg. Co., New York, and Boston. . . Front 3
Devoe, F. W. & Co., New York, N. Y Front 93
JOURNAL BEARINGS.
Hopkins, D. A., New York. N. Y Front 86
Phosphor-Bronze Smelting Co., Philadelphia 65
LAMPS, R. R.
Post & Co., Cincinnati, Ohio 2
99
C. W. BRANCH & CO.,
STATE BANK BUILDING, RICHMOND, VA.
Private wires connecting' with Washington, Baltimore, Philadelphia, and New York.
New York Correspondents, PRINCE & WHITELV.
IRON STOCKS.
HZTJSSZET^, HIO-^T & CO.,
INVESTMENT BANKERS.
GOGEBIC IRON MINING STOCKS A SPECIALTY.
The second house in the United States to be identified with, and operate in, the Stocks and Mining
Properties of the Gogebic Iron Range. Full information and expert reports for the use of investors.
HUSSEY, HOYT & CO., 231 Bank Street, Mercantile Bank Bldg., Cleveland, Ohio.
W. HOWARD WHITE. M. Am. Soc. C.E.,
74 Wall St., New York.
HENRY RAEDER, Engineer and Architect,
918 Insurance Exchange, Chicago, III.
WHITE & RAEDER,
Engineers.
Reports on Railroads and other enterprises. Design and Superintendence of all kinds of Engi-
neering, and Landscape and Sanitary Work. Grain Elevators a Specialty.
TJHIJLIE,
Attorney and Counsellor at Law,
212 S. 3d ST., PHILADELPHIA, PA.
In addition to general practice in Philadelphia, personal attention to important cases before the
United States and State Courts in all parts of Pennsylvania.
Corporations organized and settlements of State Taxes, Licenses, etc., made.
HUMPHREYS CASTLEMAN,
Bond and Stock Broker, - Atlanta, Ga,
Office, tfo. 12 East Alabama si.
State, City, and Railroad Securities of Georgia specially dealt in,
Correspondence solicited. Information furnished.
REFERENCES: Atlanta National Bank, Atlanta. Ga. : Fourth National Bank, New York.
j. c. SEXTON;
Broad vray, - - Ne-w York.
Agent for SMITH & CLIFT'S SAND PUMP.
Railway and Contractors' Equipment and Supplies.
MACHINERY AND SUPPLIES FOR SUBMARINE WORK a Specialty. Correspondence solicited.
100
G. P. BANGS, Pres. E. E. PRATT, Treas.
D. W. PUGH. F. D. RUSSELL. J. S. PUGH.
The Desha Lumber and
Planting Co.
PUGH& RUSSELL,
Street Cars, Rails,
AND EVERY DESCRIPTION OF
STREET RAILWAY SUPPLIES
General Representatives of
The John Stephenson Co. (Limited),
NEW YORK,
STREET C^HS.
General Agents of
The A. French Spring Co. (Limited*,
Pittsburgh, Pa.,
STREET CAR SPRINGS.
Agents for New York TJiftrict, and Indiana
Michigan, and Ohio, for THE JOHNCON STEEL
STUEET RAIL Co., Johnstown, Pa.
NEW YORK :
Stewart Building, Broadway, Reade, and
Chambers Sts. P. O. Box 3524.
CHICAGO :
PHENIX BUILDING.
MILLS AT ARKANSAS CITY, ARK.
HOME OFFICE:
6O Congress Street, Boston.
MANUFACTURERS OF
HARDWOOD LUMBER
For Bridge and Car Builders, and
BAND SAWED STOCK
For Finishing.
For estimates and prices address
W. B. DUTTOM, GENERAL MANAGER,
ARKANSAS CITY.
!>. IUE o 3VdC -A. 3NT TJ S5 ,
RAILROAD CONTRACTOR.
Masonry t TracMaying, and Grading a Specialty.
Residence : 3208 Spencer Terrace and 224 North 32d St., Philadelphia, Pa.
Reference : PENN. R. R. Co., Fourth St., Philadelphia, Pa.
MASON, GOOCH, AND HOGE COMPANY,
Railroad Contractors and Bridge Builders,
FRANKFORT, KY.
A. W. MILLER. J. D. McDONALD. C. S. PENFIELD.
MILLER, MCDONALD & co.,
iFLctllirocid Oon-tr^otors,
FREMONT, NEB.
Are now grading the Seward Extension of the F. E. & M. V. R. R. Did the grading of the Lincoln
extension of the same road. Have had principal contracts for gradin<* from the VV. St. L. & P. R. R.,
W. I. & N. R. R., and K. C. & S. R. R. REFERENCES — Fremont National Bank, Fremont, Neb.;
Sioux National Bank, Sioux City, Iowa, and Clay County Bank, Spencer, Iowa.
INDEX TO ADVERTISEMENTS.
101
LANTERNS.
Pout & Co., Cincinnati, Ohio
LATHES.
Bement, Miles & Co., Philadelphia, Pa.
Sellers, Wm. & Co., Piiiludelphia, Pa. . .
PAGE
. '2
.Front
LAWYERS.
Uhle, John Bethell, Philadelphia, Pa Front 99
LEAD (SHEET AND PIPE).
Post & Co., Cincinnati, Ohio 2
LEAD LINED JOURNAL BEARINGS.
Hopkins, D. A., New York, N. Y Front 86
LEATHER BELTING.
Post & Co., Cincinnati, Ohio 2
LETTERS OF CREDIT.
Behnont, August & Co., New York, N. Y. . Front 34
Brown Bros. <fc Co., New York, X. Y . . . .Front 37
Drexel & Co., Philadelphia, Pa Front 58
Kiclder. Peabody & Co., X. Y. and Boston. Front 39
Knauth, Nachod & Kuhne, New York, N.Y. Front 43
Kountze Bros., New York, N. Y Op. In. Wt Cov.
f Maverick National Bank, Boston, Mass Front 41
Morton, Bliss & Co., New York, N. Y. . . .Front M
Seligman, J. & W. & Co., New York, N. Y. Front 30
LEVELLING INSTRUMENTS.
Young & Sons, Philadelphia, Pa 24
LOCKS.
Post & Co., Cincinnati, Ohio, 2
LOCK NUTS.
Prosser, Thomas & Son, New York, N. Y 64
Vulcanized Fibre Co., Wilmington, Del 11
LOCOMOTIVES.
Baldwin Locomotive Works, Phila., Pa Front 59
Boynton. George A., New York, N. Y 51
Cooke Loco, and Mach. Works, Pateroon, N. J 30
Dickson Manufacturing Co., Scranton, Pa 32
Grant Locomotive Works, New York, N. Y . . . . 32f
Hinckley Locomotive Works, Boston, Mass 30
Manchester Loco. Works, Manchester, N. H 62
Mason Machine Works, Taunton, Mass 89
^Pittsburgh Loco. & Car W'ks, Pittsburgh, Pa 31
Porter, H. K. & Co., Pittsburgh. Pa 29
R. I. Locomotive Works, Providence, R. I. . . . 64
Rogers Loco. & Mach. W'ks. N>w York, N. Y. . . 61
Schenectady Loco. Works, Schenectady, N. Y. . . 63
Taunton Locomotive Mfg. Co., Taunton, Mass 29
U. S. Rolling Stock Co., New York, N. Y 5
LOCOMOTIVE BALANCES.
Post & Co., Cincinnati, Ohio 2
LOCOMOTIVE DRIVER BRAKE.
Eames Vacuum Brake Co., Boston, MASS. .Front 11
Westinghouse Air-Brake Co., Pittsburgh, P&.F't 10
LOCOMOTIVE HEAD LIGHTS.
Post & Co., Cincinnati, Ohio 2
LOCOMOTIVE SPRINGS.
Detroit Steel & Spring Works, Detroit, Mich.F't 104
The A. French Spring Co., Pittsburgh, Pa 56
LOCOMOTIVE TIRES.
Midvale Steel Co., Philadelphia, Pa Front 1
Prosser, Thomas & Son, New York, N. Y 64
Standard Steel Works, Philadelphia, Pa. . .Front 1
LUBRICATING OILS.
Galena Oil Works, Franklin, Pa . 26
Leonard & Ellis, New York, N. Y Front 14
Signal Oil Works, Franklin, Pa 26
LUMBER. PAGE
Desha Lumber & Planting Co., The, Boston,
Mass. Front 100
Eppinger & Russell, New York, N. Y 23
MACHINERY.
Post & Co., Cincinnati, Ohio ... 2
MACHINERY, SUBMARINE.
Saxton, J. C., New York, N. Y Front 99
MACHINISTS' TOOLS.
Bass Foundry & Mach. Co.. Ft. Wayne, Ind .F't 84
Bement, Miles & Co., Philadelphia, Pa 58
Kearney & Foot Co., New York, N. Y 69
Place, George, New York, N. \ 56
Sellers, Wm. & Co., Philadelphia, Pa Front 60
Woods, S. A., Machine Co. , Boston, Mass 57
MAGAZINES, JOURNALS, ETC.
Bankers' Almanac and Mag., New York, N. Y. . . 38
Engineering News Pub. Co., New York, N. Y. . . 35
National Car and Loco. Builder, New York, N. Y. 36
National CarandLoco. Builder Supplement, N.Y. 37
Railroad Gazette, New York, N.Y 34
Rand, McNally & Co., Chicago, El 39
MAPS (RAILROAD),
Rand, McNally & Co., Chicago, 111 39
MERCHANT BAR IRON.
Carnegie, Phipps & Co. Ltd., Pittsburgh, P^.F^t 12
Colorado Coal & Iron Co., Denver, Col 52
METALLIC PAINT.
Iron Clad Paint Co. , Cleveland, Ohio 27
METALS.
Post & Co., Cincinnati, Ohio 2
MINING MACHINERY.
Dickson Manufacturing Co., Scranton, Pa 32
MINING STOCKS.
Hussey, Hoyt & Co., Cleveland, O Front 99
NAILS.
Colorado Coal & Iron Co., Denver Col 52
Fuller Bros.. & Co., New York, N. Y 54
Troy Steel & Iron Co., Troy, N. Y 55
NOT LOCKS.
Vulcanized Fibre Co., Wilmington, Del 11
NUTS.
Allison Mfg. Co., Phila. Pa opp. Page 1 Front
Edge Moor Iron Co., Wilmington, Del Front 2
Fuller Bros. & Co., New York, N. Y 54
Passaic Rolling Mill Co., Paterson, N. J 21
Post & Co. , Cincinnati, Ohio 2
OIL Box COVERS.
Vulcanized Fibre Co., Wilmington, Del 11
OILS.
Chilton Mfg. Co., New York and Boston. . . Front 3
Crew, Luvick & Co., New York, and Phila., Pa. . 28
Galena Oil Works, Franklin, Pa 26
Signal Oil Works, Franklin, Pa 26
OLD RAILS, SCRAP, ETC.
Bcjynton, G. A.. New York, N. Y 51
Levin, Henry & Co., Philadelphia, Pa Front 94
Stroud & Co., New York. N. Y Front 6
Whiton, A. S., New York, N. Y 52
PACKING.
Mercer Rubber Co., Trenton, N. J Front 8
PAINTS.
Chilton Mfg. Co., New York and Boston. . .Front 3
Devoe, F. W. & Co., New York, N. Y Front 93
Iron Clad Paint Co., Cleveland, Ohio 27
102
TO ADVEKTISEMENTS.
PAINT AND VARNISH BRUSHES. PAGE
Chilton Mfg. Co., New York and Boston. ..Front 3
Devoe, F. W. & Co., New York, N. Y Front 93
PERFECTION VALVE OIL.
Signal Oil Works, Franklin, Pa 26
PHOSPHOR-BRONZE.
Phosphor-Bronze Smelting Co., Phila., Pa 65
PIPE (CAST IRON).
Wood, R. D. & Co., Philadelphia, Pa 66
PLANERS (!RON).
Bement, Miles & Co., Philadelphia, Pa 58
Sellers, Wm. & Co., Philadelphia, Pa Front 60
PLANERS (WOOD).
Bement, Miles & Co., Philadelphia, Pa 58
Fay, J. A. & Co., Cincinnati, Ohio 59
Woods, S. A., Machine Co., Boston, Mass 57
PORTABLE HOUSES.
Am. Patent Portable House Mfg. Co., New York. 18
POWDER.
Hecla Powder Co., New York, N. Y 54
POWER HAMMER.
Bement, Miles & Co., Philadelphia, Pa 58
Sellers, W. & Co. , Philadelphia, Pa Front 60
POWER PUNCHES AND SHEARS. •
Sellers, W. & Co., Philadelphia, Pa Front 60
PRINTERS.
Am. Bank Note Co. , New York, N. Y Front 18
Franklin Bank Note Co., New York, N. Y ..Front 19
Homer Lee Bank Note Co., New York, N. Y. Front 56
Western Bank Note Co., Chicago, 111 Front 20
PUMPS, SAND.
Saxton, J. C., New York, N. Y Front 99
BAIL FASTENINGS.
Colorado Coal & Iron Co., Denver, Col 52
Fisher Rail Joint Works, Trenton, N. J 48
Levis, Henry & Co., Philadelphia, Pa Front 94
North Chicago Rolling Mill, Chicago, 111 50
Sellers, Morris & Co., Chicigo. Ill Front 3
Tudor Iron Works, St. Louis, Mo 32
KAILS, IRON.
Cambria Iron Co., Philadelphia, Pa 49
Carnegie Bros. & Co. (Lim.), Pittsburgh, P&.Front 53
Levis, H. & Co., Agents, Philadelphia, Pa. . Front 94
North Chicago Rolling Mill Co., Chicago, 111 .50
Stroud & Co., Agents, New York Front 6
Troy Steel & Iron Co., Troy, N. Y 55
Tudor Iron Works, St. Louis, Mo 32
Whiton, A. S., Agent, New York, N. Y 52
RAILS, STEEL.
Boynton, G. A.. New York, N. Y 51
Cambria Iron Works, Philadelphia, Pa 49
Carnegie Bros. & Co. (Lim.), Pittsburgh, Pa. . F't 53
Carnegie, Phipps & Co., Ltd., Pittsburgh, P&.Front 12
Colorado Coal & Iron Co., Denver, Col 52
Griswold & Gillett, New York, N. Y 30
Levis, H. & Co., Agents, Phila., Pa Front 94
North Chicago Rolling Mill Co., Chicago, 111 50
Pennsylvania Steel Co.. Philadelphia, Pa... Front 14£
Prosser, Thos. & Son, Agents, New York, N. Y. 64
Pugh &Russell,New York and Chicago, W.Front 100
Stroud & Co., Agents, New York, N. Y Front. 6
Troy Steel & Iron Co., Troy, N. Y 55
Uuion Steel Co., Chicago, 111 51
Whiton, -A. S., Agent, New York, N. Y. 52
RAILROAD CASTINGS.
Bass Foundry & Mach. Co., Fort Wayne, Ind.^Y 84
Bass, J. H., Chicago, 11.1 Front 85
Bowler & Co., Cleveland, Ohio 19
PAGE
' Chester Steel Casting Co., Phila., Pa 33
Detroit Car Wheel Co., Detroit, Mich 14
Ensign Manufacturing Co., Huntington, W. Va. 9
Harnsburg Car Manuf'g Co., Harrisburg, Pa. . . 5
Lobdell Car Wheel Co., Wilmington, Del. . .12 & 13
Maher & Brayton, Clevevand, O'hio 15
Manchester Locomo. Works, Manchester, N. H. 62
Michigan Car Co., Detroit, Mich Front 5
Missouri Car & Foundry Co., St. Louis. Mo. .F't
Ramapo Wheel & Foundry Co.. Ramapo, N. Y. 16
St. Louis Car Wheel Co., St. Louis, Mo.... Front 85
Wason Manufacturing Co., Springfield, Mass. .. 8
RAILROAD GUIDES.
Pathfinder. "New England," Boston, Mass 41
St. Louis Car Wheel Co., St. Louis, Mo — Front 85
Travellers' Official Guide, New York, N. Y 40
RAILROAD INSURANCE.
Phoenix Assurance Co., New York, N. Y.. and
London, Eng Front 25
Royal Insurance Co., New York, N. Y 68
Satterlee, Bostwick & Martin, New York 33
RAILROAD LOCKS.
Post & Co., Cincinnati, Ohio 2
RAILROAD MAPS.
Rand, McNally & Co. , Chicago, 111 39
RAILROAD SECURITIES.
Brown Bros. & Co., New York, N. Y Front 3?
Castleman, Humphreys, Atlanta, Ga Front 99
Chrystie & Janney. New York N. Y Front 83
Davis, John H. & Cb., New York, N. Y. . .Front 35
Drexel & Co.. Philadelphia, Pa Front 5g
Green & Bateman, New York, N. Y Front 36
Hollins, Frank C. & Co., New York, N.Y. .Front 40
Keleher, F. F. & Co., St. Louis, Mo Front 94
Kountze Brothers, New York, N. Y. . . Op.Ft.In. Cov.
Morton, Bliss & Co., New York, N. Y Front 29
Paton. John & Co., New York, N. Y Front 28
Poor & Greenough, New York, N. Y Front 49
Prince & Whitely, New York, N Y., and Wash-
ington, D. C Front W6
Seligman, J. & W. & Co., New York, N.Y. Front 30
Utley, Wm. R., New York, N.Y Front 33
Wilson, R. T. & Co., New York, N. Y ... . Front 28
RAILROAD SUPPLIES.
Allison Manufg. Co., Philadelphia, Pa. Op. P. 1 Fron
Chester Steel Casting Co., Phila., Pa. 33
Cooke & Co., New York, N. Y 5
Greeley, E. S. & Co., New York. N. Y 3
Hopkins, D. A., New York, N. Y.. Front 86
Levis, Henry & Co. Philadelphia. Pa Front 94
Mercer Rubber Co. , Trenton, N. J Front 8
Place. Geo., New York. N. Y 56
Post & Co., Cincinnati. Ohio 2
Pugh & Russell, New York, N.Y.. and Chicago,
iTl Front 100
Saxton, J. C., New York, N.Y Front 99
Stroud & Co., New York, N.Y Front 6
Walkley & Co., New York, N. Y 18
Whiton, A. S., New York, N. Y 52
REFRIGERATOR CARS.
Wickes Refrigerator Co., Chicago, 111 67
RIVETS.
Bourne & Knowles Mfg. Co., Cleveland, O 53
Fuller Bros. & Co.; New York, N. Y 54
Hendricks Bros., New York, N. Y 25
New Jersey Steel & Iron Co.. Trenton, N. J 19
Passaic Rolling Mill Co., Paterson, N. J 21
PI time & Atwood Manufg. Co. , Waterbury , Conn . 4
Post & Co. (Burden's), Cincinnati, Ohio 2
ROLLING MILLS.
Cambria Iron Works, Philadelphia, Pa 4g
Carnegie Bros. & Co. (Lim.), Pittsburgh, Pa 53
North Chicago Rolling Mill Co., Chicago. Ill .... 50
Passaic Rolling Mill Co.. Paterson. N.'J 21
INDEX TO ADVERTISEMENTS.
103
Pennsylvania Steel Co., Philadelphia, Pa. .Front 141
Sellers, Morris & Co., Chicago, 111 Front 3
Troy Steel & Iron Co., Troy, N. Y 55
Tudor Iron Works, St. Louis, Mo 32
ROOFS.
Boston Bridge Works, Boston, Mass 21
Edge Moor Iron Co., Wilmington, Del Front 2
New Jersey Steel & Iron Co., Trenton, N. J 19
Passaic Rolling Mill Co., Paterson. N. J 21
Phoenix Bridge Co.. Philadelphia. Pa 20
Rochester Bridge & Iron Works, Rochester.N. Y. 22
Union Bridge Co. , New York Front 6
Wilson Bros. & Co., Philadelphia, Pa 24
ROPE (WIRE).
Roebling, John A. Son's Co., Trenton, N. J., and
New York, N. Y Front 9
RUBBER BELTING.
Mercer Rubber Co., Trenton, N. J Front 8
Post & Co. , Cincinnati, Ohio 2
RUBBER CAR SPRINGS.
Mercer Rubber Co., Trenton, N. J Front 8
RUBBER FABRICS.
Mercer Rubber Co., Trenton, N. J Front 8
RUBBER HOSE.
Mercer Rubber Co., Trenton, N. J Front 8
SAFE DEPOSIT VAULTS.
Safe Deposit Co. of New York, New York. . Front 44
State Safe Deposit Vaults, New York,N.Y.^ro«< 55
Gnar. Trust & Safe Dep. Co., The, Phila., P&.F't 106
SEAMLESS TUBING..
Bridgeport Brass Co., Bridgeport, Conn.. .Front 9
Phosphor-Bronze Smelting Co., Philadelphia, Pa. 65
Prosper, Thomas & Son, New York, N. Y 64
SECOND-HAND MACHINERY.
Place, Geo., New York 56
SHAFTING.
Baugh Steam Forge Co., Detroit, Mich 14
Fay, J. A. & Co., Cincinniiti. Ohio 59
Sellers, Wm. & Co.. Philadelphia, Pa Front 60
Troy Steel & Iron Co., Troy, N. Y 55
SIGNALS.
Weir Frog Co., Cincinnati, O Front 95
SPELTER.
Hendricks Brothers, New York, N. Y 25
SPIKES, R. R.
Colorado Coal & Iron Co., Denver, Col 52
Fuller Bros. & Co., New York, N. Y 54
Levis, Henry & Co.. Philadelphia, Pa Front 94
Post & Co. (Tredegar), Cincinnati, Ohio 2
Troy Steel & Iron Co., Troy, N. Y 55
Tudor Iron Works. St. Louis. Mo 32
Winch, Corydou, Philadelphia, Pa 65
SPLICE BARS.
Post & Co., Cincinnati, Ohio 2
Winch, Corydon, Philadelphia, Pa 65
SPRINGS, CAB.
, Cambria Iron Co., Johnstown, Pa 49
Detroit Steel & Spring Works, Detroit, Mich.JF"< 104
The A. French Spring Co., Pittsburgh, Pa 56
Mercer Rubber Co., Trenton, N. J Front 8
Middleton, N. & A. & Co., Philadelphia, Pa 9
Vose, Richard, New York, N. Y 54
SPRING STEEL.
Hussey, Howe & Co., Pittsburgh, Pa. Inside F't Cov.
STEAM ENGINES.
Bass Foundry & Mach. Co., Fort Wayne, Ind .F't 84
Dickson Manufacturing Co., Scranton, Pa 32
Manchester Loco. Works, Manchester, N. H 62
Place, Geo. , New York 56
STEAM FIRE ENGINES. PAOE
Manchester Loco. Works, Manchester, N. H 62
STEAM GAUGES.
Posb & Co., Cincinnati, Ohio 2
STEAM HAMMERS.
Dudgeon, Richard. New York, N. Y 60
Sellers, W. & Co., Philadelphia, Pa Front 60
STEAM PACKING.
Mercer Rubber Co., Trenton, N. J Front 8
STEAM PUMPS.
Place, Geo., New York, N. Y 56
STEEL MANUFACTURERS.
Cambria Iron Co., Johnstown, Pa 49
Carnegie Bros. & Co. (Lim.). Pittsburgh, Pa 53
Chester Steel Castings Co., Philadelphia, Pa 33
Detroit Steel & Spring Works, Detroit, Mich.. .£'7 104
Hussey, Howe & Co., Pittsburgh, Pa,. Inside F'l Cov.
Midvale Steel Co., Philadelphia, Pa Front 1
Pennsylvania Steel Co., Philadelphia, Pa.. Front 14$
Prosser, Thomas & Son, New York, N. Y 64
Standard Steel Works, Philadelphia, Pa Front 1
Troy Steel & Iron Co., Troy, N. Y 55
Union Steel Co., Chicago, 111 51
STEEL AXLES.
Cambria Iron Co., Johnstown, Pa 49
Midvale Steel Co., Philadelphia, Pa Front 1
Prosser, Thomas & Son, New York, N. Y 64
Standard Steel Works, Philadelphia, Pa. . .Front 1
STEEL CASTINGS.
Cambria Iron Co., Johnstown, Pa 49
Chester Steel Casting Co., Philadelphia, Pa. 33
Midvale Steel Co., Philadelphia, Pa Front 1
STEEL FORCINGS.
Cambria Iron Co., Johnstown, Pa 49
Hussey, Howe & Co., Pittsburgh, Pa.. Inside I" t Cov.
Midvale Steel Co., Philadelphia, Pa Front 1
Pennsylvania Steel Co., Philadelphia. Pa... Front 14J
Prosser, Thomas & Son, New York, N. Y 64
Standard Steel Works, Phila., Pa Front 1
STEEL-TIRED CAR WHEELS.
Lobdell Car Wheel Co., Wilmington, Del 12 & 13
Prosser, Thomas & Son, New York, N. Y 64
Taylor Iron Works, High Bridge, N. J Front 2
STEEL TIRES.
Cambria Iron Co., Johnstown, Pa 49
Midvale Steel Works, Philadelphia, Pa Front 1
Prosser, Thomas & Son, New York, N. Y 64
Standard Steel Works, Philadelphia, Pa. . .Front 1
STEEL WIRE.
Cambria Iron Co., Johnstown, Pa 49
STREET CARS.
Brill, J. G. & Co., Philadelphia, Pa 68
STREET CAR TRIMMINGS.
Post & Co., Cincinnati, O 2
STRUCTURAL IRON.
Carnegie Bros. & Co. (Lim.), Pittsburgh, Pa 53
SWITCHES.
Elliot Frog & Switch Co., East St. Louis, 111 .... 66
Lobdell Car Wheel Co.,"Wilmington, Del 12 & 13
Pennsylvania Steel Co., Philadelphia, P&.. Front 14}-
Weir Frog Co., Cincinnati, O Front 95
SWITCH LAMPS.
Post & Co., Cincinnati, O 2
SWITCH LOCKS.
Post & Co., Cincinnati, O 2
TELEGRAPH SUPPLIES.
Greeley, E. S. & Co., New York, N. Y 3
Post & Co., Cincinnati, Ohio 2
104
INDEX TO ADVERTISEMENTS.
TIES, RAILROAD. PAGE
Eppinger & Russell, Brooklyn, N. Y 23
TIN PLATE.
Post & Co., Cincinnati, Ohio 2
Stroud & Co., New York, N. Y Front 6
TIKES.
Chester Steel Casting Co., Phila., Pa 33
Midva'e Steel Co., Philadelphia, Pa Front 1
Prosser, Thomas & Son. New York, N. Y 64
Standard Steel Works, Philadelphia, Pa ... Front 1
TOOL STEEL.
Detroit Steel & Spring Works, Detroit, Mich.^V 104
TRACK BOLT WASHERS.
Vulcanized Fibre Co., Wilmington, Del 11
TRACK JACKS.
Post & Co., Cincinnati, Ohio 2
TRUST COMPANIES.
Central Trust Co., New York, N. Y Front 45
Farmers' Loan & Trust Co., New York, N. Y. ft 54
Fidelity & Casualty Co., New York, N.Y. .Front 51
Guar. Co. of N. A., New York & Mont., Ca,n.I"t 50
Guar. Trust & Safe Dep. Co., The, Phila ,P&.F't 106
International Trust Co., Boston, Mass Front 44
Metropolitan Trust Co., New York, N. Y.. Front 43
Mortgage Trust Co. of Penn., Phila., Pa. ..Front 53
New England Trust Co.. The, Boston, Mass./'Vw^ 52
Real Estate Trust Co., Philadelphia, Pa. ..Front 47
Solicitors Company, The, Philadelphia, Pa. . Op.
Page 1 of ER. Statement
Union Trust Co., Philadelphia, Pa Front 53
TJ. S. Trust Co., New Fork, N. Y Front 46
TUBE EXPANDERS.
Dudgeon, Richard, New York, N. Y 60
Prosser, Thomas & Son, New York, N. Y 64
TUBES.
Allison Mfg. Co., Philadelphia, Pa. ... Op. P. 1 Front
Prosser, Thomas & Son, New York, N. Y. . . . . . . 64
TURNTABLES.
Boston Briclee Works, Boston, Mass 21
Edge Moor Iron Co., Wilmington, Del Front 2
Passaic Rolling Mill Co.. Paterson, N. J 21
Phoenix Bridge Co.. Philadelphia, Pa 20
Rochester Bridge & Iron Works, Rochester. N . Y . 22
Sellers, Wm. & Co., Philadelphia, Pa Front tiO
VALVES.
Ludlow Valve Mfg. Co., Troy, N. Y Front 8
Wood, R. D. & Co., Philadelphia, Pa 66
VARNISH.
Brooks, C. & Co., New York, N. Y Front 93
Chilton Manuf . Co., N. Y. & Boston Front 3
Devoe, F. W. & Co., New York, N.Y Front 93
Valentine & Co., New York, N.Y 28
VULCANIZED FIBRE.
Vulcanized Fihre Co., Wilmington, Del 11
WASHERS.
Mercer Rubber Co. , Trenton, N. J Fiord 8
Vulcanized Fibre Co., Wilmington, Del 11
WATCHES.
Geneva Non-Magnetic Watch Co. (L'd.), N.Y. F V 13
WATER GAUGE WASHERS.
Mercer Rubber Co., Trenton, N. J Front 8
WATER PIPE.
Allison Mfg.Co., Philadelphia, Pa. Opp. Page 1 Front
Wood, R. D. & Co., Philadelphia, Pa 60
WIRE.
Cambria Iron Co., Johnstown, Pa 49
Roebling, John A., Son's Co., New York. .Front \\
WIRE ROPE.
Post & Co.. Cincinnati, O . . . : 2
Roebling, John A., Son's Co. , New York . . Front 9
WOOD WORKING MACHINERY.
Fay, J. A. & Co., Cincinnati, O . 59
Place, G., New York 56
Woods, S. A., Machine Co., Boston. Mass 57
YARD SWITCHES.
Pennsylvania Steel Co., Philadelphia. PH.. Fro/if 1 t
Wier Frog Co., Cinsiunati, O Front ',c>
ALEX. DE LANO, PRES.
CHAS. P. CHOATE, VICE-PRES.
H. R. NEW BERRY, SEC'T.
DETROIT STEEL & SPRING WORKS,
MANUFACTURERS OF
Crucible Cast Steel.
ALSO,
OIJL
RAILWAY CAR,
LOCOMOTIVE,
ELLIPTIC AND
SPIRAL SPRINGS
OF EVERY DESCRIPTION,
DETROIT, MIOH.
105
PRINCE & WHITELY,
64 Broadway, New York.
BRANCH OFFICES:
ISO FIFTH AVENUE, NEW YORK,
AND
539 FIFTEENTH STREET, WASHINGTON, D. C.
GENERAL PARTNERS:
JAMES WHITELY, H. CRUGER OAKLEY,
MAYNARD C. EYRE, HENRY H. DODGE.
Buy and Sell on Commission all Classes
of Railway Securities.
ALSO
Chicago Correspondents: CYRUS H. ADAMS & CO.
Private Telegraph Wires Connecting' as Follows :
PRINCE & WHITELY (H. H. DODGE), 539
Fifteenth Street, Washington, D. C.
RICHARDSON, HILL & CO., 40 Water
Street, Boston.
GERLACH & HARJES, 437 Chestnut Street,
Philadelphia, Pa.
ELLIOTT, JOHNSON & CO., 514 Market
Street, Wilmington, Del.
BARKER & KEAR, Pottsville, Pa.
WM. C. SEDDON &" CO., 27^ German
Street, Baltimore, Md.
BUNNELL & SCRANTON, 216 and 218
Chapel Street, New Haven, Conn.
T. L. WATSON & CO., 359 Main Street,
Bridgeport, Conn.
R. GLENDINNING & CO., 303 Chestnut
Street Philadelphia, Pa.
RE A BROTHERS & CO., Pittsburgh, Pa.
C. W. BRANCH & CO., 1111 Main Street, Richmond, Va.
106
THE GUARANTEE TRUST
AND
SAFE DEPOSIT COMPANY.
CAPITAL, $1,000,000.
Nos. 316, 318, and 320 CHESTNUT STREET, PHILADELPHIA.
Rents Safes In Its Fire and Burglar-proof Vaults (which are protected by Six Hall
Double Chronometer Time Locks, with non-lockout attachment), with Combination and Permuta-
tion Locks, that can only be opened by the renter, at from $7.00 to $125.00 per year.
Allows Interest on Deposit* of Uloiiey ; Acts as Trustees for Corporation
Mortgages where Bonds are Issued, and Executes Trusts of every kind under appoint-
ment of States, Courts, Corporations, or Individuals, Holding Trust Fun<fcs Separate and
Apart from all other Assets of the Company. Collects Interest on Income.
Becelves for Safe Keeping, under guarantee, Valuables of every description, such as
Coupon and Registered Bonds, Certificates of Stock, Deeds, Mortgages, Coin, Silverware, Jewelry, etc.
ACTS AS REGISTRAR OR TRANSFER AGENT OF MINING, RAIL-
ROAD, AND OTHER CORPORATION STOCKS.
Receipts for and Safely Keeps "Wills without Charge.
FOR FURTHER INFORMATION CALL AT THE OFFICE OR SEND FOR A CIRCULAR.
THOMAS COCHRAN, President : EDWARD C. KNIGHT, Vice-President ; JNO. S. BROWN, Treasurer ;
JOHN JAY GILHOY, Secretary ; RICHARD C. WINSHIP, Trust Officer ; H. J. DELANY, Asst. Treasurer;
Directors.— Thomas Cochran, Edward C. Knight, J. Barlow Moorhead, Thomas MacKellar,
John J. Stadiger, Clayton French, W. Rotch Wister, Alfred Fitler, Charles 8. Hinchman, J. Dickin-
son Sergeant, Aaron Fries, Charles A. Sparks, Joseph Moore, Jr.
INTRODUCTION
TO
POOR'S MANUAL FOR 1887,
RAILROADS OF THE UNITED STATES IN 1886.
GENERAL EXHIBIT FOR FISCAL YEAR.
Length of track laid up to December 81, 1886 . . 137,986.19 miles.
Of which were completed up to the close of the fiscal years of the respective companies 133,606.56 miles.
Completed since close of their fiscal years 4,379.63 miles.
Increase of mileage in the calendar year 1886 (7.8 p. c.) 9,000.48 miles.
Increase of mileage in the fiscal year 1886 (4.6 p. c.) 5,877.11 miles.
LIABILITIES AND ASSETS OF THE COMPANIES OWNING THE ABOVE 133,606.56 MILES OF LINE.
Liabilitiet.
Capital Stock
Funded Debt 3,882,966,330
Unfunded Debt . 280,673,814
Current Debt 213,585,194
Assets.
Cost RR. and Equipment $7,254,995,223
Real Estate, Stocks, Bonds and other In-
vestments 973,975,705
Cash, Bills Receivable, Current Accounts,
etc., etc 319,344,405
Total Liabilities $8,376,073 846 Total Assets $8,548,315 333
Excess of Assets over Liabilities $171,641,487
Total mileage of railroads completed at close of fiscal years %. 133,606.56 miles.
Of which full statistics of operations were received from 125,146.50 miles.
Mileage of roads not reporting earnings, etc., consisting chiefly of new roads not yet brought into
full operation * 8,460.06 miles.
Miles operated 125,146.50
Passenger Train Mileage 210,637,892
Freight Train Mileage 349,697,537
Mixed Train Mileage 9,437,561
Total Train Mileage . . 569,772,990
Passengers carried 382,284,972
Passengers— mileage 9,659,698,294
Tons moved 482,245,254
Tons one mile 52,802,070,529
Earnings.— Passengers $211,929,857
Freight 550,359,054
Other 59,903,038
Net Earnings Brought Forward $297,311 ,615
Other Receipts, including rentals received by
lessor companies 1 66,200,089
Total Available Revenue $363,511,704
Payments from Available Rev-
enue :
Interest on Bonds $182,884,990
Other Interest . 4,471,550
Dividends /80,094,138
Rental t53,888,966
Miscellaneous 22,789,111
Total $344,128,755
Total $822,191,949
Operating Expenses... 524,880,334 _
Balance— Excess of Available Revenue over
Net Earnings -. $297,311,615 Actual Payments therefrom for the year. . $19,382,949
* In 1886 about three-fourths of the new mileage was built in the last six months of the year, and conse-
quently had not been brought into operation until the year 1887.
t In all cases where the operations of leased railroads are separately reported the lessor's income account has
been omitted, a duplication of amounts under these heads being thereby avoided.
11
Statement showing by Groups of States the length of lines owned, share capital, funded
and other debts, length of lines operated, gross and net earnings, and interest and divi-
dends paid, by all ihe railroad companies of the United States for their respective fiscal
years of 1879/1880, 1881, 1882, 1883, 1884, 1885 and 1886 :
GKOUPS.
L'gth
of
Line
Own'd
Capital
Stock.
Funded
Debt.
Other
Debt.
L'gth
of
Line
Oper-
ated.
Gross
Traffic
Earnings.
Net
Traffic
Earnings
Interest
Paid.
Dividends
Paid.
1879
New Eng. Group
Middle Group. . ..
Southern Group. .
Western Group . .
Pacific Group —
Totals ...
M.
5,910
14,942
12,978
46,102
4,461
$
186,869,222
708,998,299
204,600,089
1,146,838.767
148,340,966
$
127,026,763
737,251,285
248,061,428
1,047,561,016
159,588,680
$
16,269,956
42,892,268
18,771,003
68,427,206
11,520,619
Jlf.
5,688
14,479
12,526
42,600
3,716
$
40,767,408
181,614,614
40,638,117
238,616,031
23,954,407
$
14,383,957
74,101,816
14,671,422
101,234,424
12,153,380
$
5,492.690
39,252,884
5,894,446
54,495,170
7,102,325
$
7,236,20
24,335,16
2,131,77
25,765,962
2,212,369
84,393
5,955
15,207
14,121
51,187
5,677
2,395,647,293
191,097,230
813,650,489
237.265,149
1,254,054,931
212,605,576
2,319,489,172
131,112,111
758,303.545
262,659,151
1,189,458,856
189,341,280
156,881,052
13,950,157
53,501,738
17,381,957
70,498,22b
7,157,861
79,009
5,849
14,297
12,754
45,360
3,886
525,620,577
47,542,011
200,251,812
47,455,975
290,941,915
27,541,897
216,544,999
15,179,358
75,152,695
17,319,233
134,166,280
13,739,9b9
112,237,515
5,346,369
38,666,290
8,006,59
49,474,773
6,372,305
61,681,470
7,999,191
28,479,851
3,525,977
33,117,590
3,992,762
1880
New Eng. Group.
Middle Group
Southern Group..
Western Group . .
Pacific Group
Totals. . .
92,147
6,134
15,860
18,767
58,473
6,296
2,708,673,375
193,965,606
881,245,154
338,950,601
1,537,393,952
225,819,806
2,580,874,943
131,034,981
771,905,561
375,131,623
1,403,160,761
197,190,680
162,489,939
16,662,422
68,573,293
23,734,287
100,456,353
13,339,912
82,146
5,995
15,123
14,374
52,263
5,216
613,733,610
50,158,075
219,326,443
63,337,273
332,950,539
36,008,652
255,557,555
15,746,385
80,981,239
20,676,891
139,014,508
15,987,764
107,866,328
6,129,371
43,303,731
11,146,877
59,844,556
8,162,767
77,115,371
8,393,030
33.ai5.589
3,593,259
40,254,821
7,787,491
1881
New Eng. Group.
Middle Group
Southern Group.
Western Group. . .
Pacific Group . . .
Totals.
103,530
6,259
17,013
17,710
66,617
6,862
3,177,375,179
197,721,216
978,300,138
31)3,034,357
1,684,075,411
237,904,702
2,878,423,606
139,032,592
832,682,850
410.600.656
1,639,444,182
213,783,043
22-->,766,267
17,493,569
90,889.369
22,084,875
113,518,056
26,185,093
92,97]
6,191
15,865
15,850
61,316
5,749
701,780,982
56,188.503
232,332,354
67,191,675
873,882,871
40,615,096
272,406,787
16,487,007
81,644,990
22,350,381
145,064,035
14,770,283
128,587,302
7,215,801
46,242,496
16,620,328
76,612,487
7,604,268
93,344,190
8.807,540
36,847,270
4,304,984
45,945.401
6,126,23g
1882
New Eng. Group.
Middle Group . . .
Southern Group..
Western Group...
Pacific Group
Totals
114,461
6,323
17,532
18,86(5
70,345
7,486
3,511,035,824
198,544,058
1,012,157,191
404.792,911
1,784,908,292
307,658,131
3,235,543,323
144,346,982
913,163,648
457,360,083
1,761,536,005
196,523,506
270,170,962
17,426,041
88,546,256
26,150,879
115,458,709
21,343,900
104,971
6,203
16,364
15,823
66,285
5,743
770,209,899
59,155,763
245,813,605
69,844,273
409,375,167
39,584,116
280,316,696
15,102,533
88,565,229
24,404,976
150,641,436
14,653,111
154,295,380
7,018,344
53,810,418
18,574,084
83,745,273
9,990,945
102,031,434
8,572,150
36,875,985
3,576,310
46,267,324
6,760,779
1883
New Eng. Group .
Middle Group
Southern Group..
Western Group. . .
Pacific Group
Total* . ...
120,552
6,405
18,256
19,826
72,704
7,961
3,708,060,583
204,597,904
1,050,207,585
405,339,989
1,795,111,437
307,359,771
3,500,879,914
136,696,843
980,215,773
479,622,988
1,836,286,254
236,293,914
268,925,285
15,603,733
89,872,068
23,485,949
101,402,257
14,302,589
110,414
6,407
17,847
17.892
67,428
6,098
823,772,924
58,558,913
223,745,346
71,881,795
381,901,a,>'
34,617,578
293,367,285
16,513,814
77,279,352
24,051,523
136,418,371
13,801,436
173,139,064
7,732,565
54,754,404
20.038,265
84,361,098
9,807,970
102,052,548
1884
New Eng. Group.
Middle i,roup ...
Southern Group..
Western Group. . .
Pacific Group —
Totals. ....
9,117,661
37,257,495
3,241,356
39,319,133
4,309,190
125,152
6,412
18,595
20,584
74,854
7,284
3,762,616,686
204,311,043
1,065,318,177
416,306,842
1,884.345,473
247,416,297
3,669,115,772
140,569,398
995,996,765
506,121,832
1,915,530,891
207,508,080
244,666,596
15,786,447
90.634,782
24,685,931
112,002,310
15,998,811
115,072
6,476
18,133
19,355
73,521
5,835
770,684,908
56,849,552
214,661,445
75,557,901
392,317,857
33,182,078
268,064,496
17,300,846
75,655,627
24,701,025
137,138,319
14,698,114
176,694,302
7,697,315
57,127,881
20,434,362
87.246.747
14,919,730
93,244,835
9,166,358
2.S,898,855
2,567,464
35,523,858
1,515,570
1885
New Eng. Group.
Middle Group
Southern Group. .
Western Group...
Pacific Group ....
Totals
127,729
6,437
19,201
21,376
78,948
7,642
3.817.697,832
202,673,477
1,064,895,370
467,097,903
1,998,696,761
266,144,997
3,765,727,066
143,792,350
1,036,068,287
489,778,278
1,993,681,315
219,646,100
259,108,281
14,128,189
104,388,877
18,232,412
133,538,180
10,386,156
123,320
6,430
18,307
18,452
75,655
6,889
772,568,833
62,653,718
243,863,730
74,833,959
411,733,513
36,855,916
269,493,931
19,880,203
91,042.454
24,620,360
14«.035.7n
16,024.836
187,426,035
7,262,361
63,860,371
19.3^7,706
90,232.836
8,1898,080
77,672,105
9,483,360
29.310,122
2,798,712
38,122,204
1,939,740
1886
New Eng. Group.
Middle Group
Southern Group..
Western Group . .
Pacific Group
Totals
33,606
3,999,508,508
3,882,966,330
280,678,814
25,185
839,940,836.
300,603,564
189,036,304
81,654,138
NOTE.— The groups in 1885 and 1886, above, are arranged uniform with the years preceding, the Southern
Group taking in all States south of the Ohio River and east of the Mississippi, except West Virginia, which goes
with the Middle Group ; and the Western Group covering all States between the Mississippi and the Rocky
Mountains. The arrangement by States into groups as adopted for this and succeeding numbers of the MANUAL
will be found elsewhere. In above table operations of elevated railroads are included.
Ill
Comparative Statement showing the averages per mile of stock, bonds, cost, and earn-
ings, percentage of expenses to earnings, earnings per passenger train mile and per freight
train mile, per passenger mile, and per tonnage mile, etc., for 1883, 1883, 1884, 1885 and 1886:
1886
1885
1884
1883
1882
Capital stock per mile of completed road
$
29,935
29,867
.$
30,064
8
30,759
$
30,674
Bonded debt per mile of completed road
29,062
29,453
29,317
28,650
28.268
" Cost of road and equipment " per mile of completed road.
Passenger earnings per mile of road in operation
54,301
1,693
55,059
1 612
55,329
1,801
55,461
1,951
52,726
1,926
Freight earnings per mile of road in operation
4,397
4,219
4,382
5,092
4,824
Gross earnings per mile of road in operation
6 570
6265
6,663
7,461
7,377
Net traffic earnings per mile of road in operation
2,376
2,185
2,318
2,702
2,670
Percentage of expenses to earnings
63 84
65.12
65.21
63.78
63.61
Passenger earnings per passenger train mile
$
1.006
$
0.949
I
1.001
8
1.11
$
1.14
Freight earnings per freight train mile
1.573
1.518
1.502
1.56
1.59
1 443
1 366
1 410
1.50
1.55
Gross expenses per revenue train mile
0.931
0.892
0.918
0.96
0.98
Net earnings per revenue train mile
0.522
0.474
0.492
0.54
0.57
Passenger earnings — proportion of gross
per cent.
25 77
per cent.
26 9
per cent.
27.1
per cent.
26
per cent.
26
Freight earnings — proportion of gross
6(3.94
67.4
65.9
67
67
Other earnings — proportion of gross
7.29
5.7
7.0
7
7
Earnings per passenger per mile
cents.
2.181
cents.
2 198
cents.
2 356
cents.
2.422
cents.
2.514
Earnings per ton per mile
1.042
1 057
1.124
1.236
1.236
Average distance per passenger
miles.
25 27.
miles.
25 99
miles.
2(1.24
miles.
27.32
miles.
25.89
Average haul per ton
109 49
112 46
112.07
110.04
109.02
Interest per cent, of bonds
per cent.
4 75
per cent.
4 77
per cent.
4 66
per cent.
per cent.
Interest per cent, of bonds and debt
4 53
4 62
4.51
4 59
4.40
Dividends per cent, of stock
2 04
2 02
2 48
2.75
2.91
Interest and dividends per cent, of stock, bonds and debt..
3.26
3.36
3.52
3.68
3.65
Statement of railroad construction in the United States, 1882-85 :
STATES AND
TERRITORIES.
1883
1884
1885
1886
STATES AND
TERRITORIES.
1883
1884
1885
1886
Maine
M.
43.12
M.
43.46
M.
H.
14 00
Wisconsin .
M.
228 42
M.
238 10
M.
128 07
jr.
451 27
New Hampshire
3.00
6 00
Minnesota
171 08
286 03
140 88
492.09
Vermont
12.00
5.08
3.00
Dakota Territory
410 97
263.60
118 50
821.48
Massachusetts
15.44
13.84
12.54
20.66
Iowa. .
243.52
273.66
48.36
431.13
Rhode Island
Connecticut
'"iiisi
Nebraska
Kansas.
198.25
144 17
101.57
159 21
218.95
260 37
628.08
1,678 04
118 06
100 03
259 02
99 48
N. England States.
73.56
7&.72
15.54
40 66
Indian Country
3 (K)
79.17
Arkansas
245.08
33.50
41.08
49.50
Texas
98.60
90.00
190.50
607.90
New York
357.86
10 91
57 06
96 27
66 01
28 30
12 00
59 20
New Jersey
12.22
27.13
14.12
36.89
WyomingTerritory.
160.89
Pennsylvania
377.74
315 68
231 43
204 09
401 80
9 97
15 80
2 96
20 98
3 19
18 45
Maryland
21.50
12.00
51.45
35.98
Western States
3,465 GG
1,884 80
1,691 96
6,542 15
West Virginia
133.80
81.75
20.00
108.00
Middle States
906.08
463.45
377.35
499.68
Nevada
California
245.40
41.70
149.55
252.46
New Mexico
50.90
43.89
3.30
as. oo
Virginia
102.82
118 09
18.51
37.00
Idaho
282 96
39 98
5 00
13 50
North Carolina
30.75
174.12
57.50
173.90
Utah
61.80
4.00
4.00
South Carolina
40.75
25.75
100.00
126.50
Arizona Territory .
152.60
5.00
83.00
Georgia
54.80
94.00
133.75
274.25
Oregon.
. 194.30
211.60
100.20
38.20
Florida
192.48
182.62
272.34
314.99
125 50
89 20
161 50
Alabama .
177 10
96 26
20 40
54 50
Mississippi
313.35
228.21
82 49
191 09
Pacific States etc
1 113 46
" 435 37
262 05
586 66
Louisiana
193.78
112. 00
55.00
10.70
Tennessee
47.40
55 99
7 00
41 56
Kentucky
106.73
24 33
37.35
106.84
Southern States . . .
1,259.96
1,111,37
784.34
1,331.33
New England States.
Middle States
73.56
906.08
73.72
468.45
15.54
377.25
40.66
499.68
Ohio
316.05
106 35
26 30
118 66
Southern States
West States & Ters
1,259.96
3 465 66
1,111.37
1 884 80
784.34
1 691 96
1,331.33
6 542 15
457.88
130 29
98 56
367 17
Pacific States & Ters
1 113 46
435 37
262 05
586 66
Indiana
171 Ob
23 29
65 40
111 37
Illinois
191.71
40.90
83.97
370.92
Grand Total
6 818 72
3 973 71
3 131 14
9 000 48
IV
RAILROADS OF THE
A. — Statement showing by States and groups of States the mileage, equipment, liabilities and
STATES AND GROUPS.
MILEAGE or RAILROADS.
EQUIPMENT.
At close of Fiscal Year.
Loco-
m'ti'e
En-
gines.
Revenue Cars.
Pass-
enger.
Bge.,
Mail,
etc.
Freight.
Total RR.
Tot. Tr'k'
St'l Rails.
M.
1,228.59
853.91
861.95
2,355.62
146.24
991.53
M.
1,432.69
1,073.06
1,019.81
4,300.53
231.20
1,380.69
M.
863.26
490.40
654.85
2,867.74
172.84
991.50
So.
196
90
198
1,234
49
287
No.
194
100
138
1,668
72
487
No.
92
17
60
408
21
181
No.
3,745
1,954
4,002
27,460
568
7,213
6. Connecticut
A New England Group
6,437.84
7,649.01
1,875.21
7,445.15
304.69
1,246.01
9,437. 9N
12,350.97
3,269.76
12,504.51
392.47
1,998.97
6,040.59
9,809.31
1,177.81
5,182.24
244.20
1,295.21
2,054
2,722
498
3,711
11
790
2,659
3,291
677
2,553
18
586
779
623
100
• 768
2
133
44,942
92,803
7.971
208,625
159
24,119
7 New York
9 Pennsylvania
11. Maryland
B Middle Group
18,520.07
9,246.94
5,211.65
5,641.53
14,708.17
7,084.95
30,522.68
11,953.35
6,620.71
6,887.58
18,152.75
8,049.32
17,708.77
8,744.52
5I267.02
4,237.29
13,159.06
4,277.97
7,732
2,538
858
1,185
2,689
874
7,125
1,248
451
519
1,359
493
1,626
529
193
292
532
267
3*3,677
94.774
24,978
37,912
84,589
26,782
12 Ohio ....
15 Illinois
16. Wisconsin
C Central Northern Group
41,893.24
3,005.93
681.28
1,834.12
1,723.40
51,663.71
3,501.10
758.00
1,927.09
1,879.86
35,685.86
2,417.47
596.21
899.80
922.06
2,189.24
1,378.77
8,144
643
48
121
189
423
128
4,070
295
32
87
430
357
114
1,813
160
5
29
43
139
55
269,035
16,794
1,307
i;726
2,628
6,629
1,492
18 West Virginia
19 North Carolina
20 South Carolina
21 Georgia
3,328.06
1,506.03
3,655.04
1,600.26
22. Florida
D Atlantic Group
12,078.82
2,104.54
645.27
2,805.09
2,763.42
1,660.48
13,321.35
2,800.17
671.83
3,123.78
3,203.96
1,822.50
8,403.55
1,369.92
139.21
2,023.22
1,390.85
886.61
1,552
185
41
389
603
140
1,315
122
29
216
341
136
431
49
15
85
141
66
30,576
3,686
629
9,853
15,703
3,665
23 Alabama
24 Mississippi
25 Tennessee
26 Kentucky .
27. Louisiana
E. Gulf and Mississippi, Val., Group
9,978.80
6,805.87
1,586.21
6,503.98
4,971.51
2,347.04
970.56
11,122.24
7,7*5.97
1,700.66
7,097.55
6,732.50
2,543.45
2,045.47
5,814.81
5,323.29
943.29
3,266.16
4,639.66
1,303.42
1,878.45
1,358
904
155
630
650
342
55
844
397
99
346
371
219
12
356
207
43
134
163
79
11
&3, 536
26,867
3,616
13,753
15,958
7,781
425
28 Missout'i. .-. ..
29. Arkansas
30. Texas ,
31 Kansas .
32 Colorado . ....
83. New Mexico
F. Southwestern Group
23,185.17
3,299.95
6,702.97
2,895.04
290.20
605.85
15.85
27,845.60
3,564.13
7,767.96
3,378.12
309.40
691.72
17.10
17,354.27
1,275.01
5,764.44
2,124.12
5.00
630.62
16.86
2,736
286
995
421
3
35
1,444
143
523
261
1
8
637
74
241
97
68,400
7.636
26,815
8,432
60
788
34. Iowa
35 Minnesota
36 Nebraska
37. Dakota
38 Wyoming ..
8
39. Montana
G Northwestern Group .... ....
13,869.86
119.70
1,421.20
3,757.19
508.45
538.17
1,298.05
15,728.43
125.40
1,517.34
4,282.64
566.42
570.25
1,343.77
9,815.04
87.10
556.70
2,765.71
369.50
456.67
695.00
1,740
8
142
743
39
85
82
936
3
65
654
17
40
80
420
2
36
167
10
14
34
43,731
150
2,691
15,519
811
1,435
1,411
40. Washington Territory
41 Oregon.
42 California
43 Nevada..
44 Arizona.
45. Utah
H Pacific Group Total
7,642.76
8,405.82
4,930.68
1,099
REC
859
APIT1
263
JLAT1
22,017
ON BY
A. New England Group
6,437.84
9,437.98
6,040.59
2,054
2,659
779
44,942
B Middle Group '.
18,520.07
30,522.68
17,708 77
7,732
7,125
1 626
333.677
C Central Northern Group ....
41,893 24
51,663 71
35,685 86
8 144
4 070
1 813
269 035
D. Southern Atlantic Group
12,078.82
18,321.&5
8,403.55
1,552
1,315
431
30,576
E. Gulf and Mississippi, Val., Group
9,978.80
11,122.24
5,814.81
1,358
844
356
33,536
F. Southwestern Group
23,185.17
27,845.60
17,324.27
2,736
1,444
637
68,400
G. Northwestern Group
13,869.86
15,728.43
9,815.04
1,740
936
420
43,731
H. Pacific Group
7,642.76
8,405.82
4,930.68
1,099
859
263
22,017
United States, 1886
133,606.56
] 68.047.81
105,723.57
26,415
19,252
6,325
845,914
United States, 1885
127,729.45
160,597.04
98,102.46
25,937
17,290
6,044
805,519
United States, 1884 ....
125,151.98
156,496.74
90,242.78
24 587
17.3U3
5911
798 399
United States, 1883
120,551.66
149,182.81
78,490.92
23.623
16,889
5,848
778.663
United Statest1882...
114,461.32
140,960.50
66,691.43
22,114
15,551
5,506
730,451
UNITED STATES IN 1886.
assets of all the RRs. in the U. S., at the close of their respective fiscal years ending in 1886 :
LIABILITIES.
ASSETS.
Capital
Stock.
Bonded
Debt.
Unfunded
Debt.
Current
Debt.
Cost RR. &
Equipment.
Real Est.,
Stocks, Bonds
& other
Investments.
Other
Assets
(incl. Current
Assets).
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
20.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
as.
39.
40.
41.
42.
43.
44.
45.
Gil
$
18,427,413
16.766,400
19.853,900
106.309,589
4,552,030
36,764,145
8
24,602,200
5,643,100
15,263,000
83,599,575
2,1*1,075
12,490,400
$
801,087
2,065,103
1,125.503
9,069.669
19.548
.1,047,279
$
750,557
856,588
110,868
6,642,926
8,386
1,420,493
$
40,348,100
23,774,474
34,130,322
182,723,545
6,269,053
48,391,161
8
2,933,433
587,491
896,051
15,959,983
1,221,174
1,637,378
$
884,641
1,957,598
300,975
10533,721
532,703
4,013,597
202,673,477
444,732,161
120.663,270
416,750,879
7,067,464
46,313,224
143,792,350
390,536,378
135,608,210
437.540,699
18,516.000
44,019,200
14,128,189
29,584,356
7,022,993
64,394,449
" 2,6i7,'5'20
9,789,818
21,347,957
434.708
48,203,530
47,878
3,304,733
335,636,655
824,430,374
224,008.407
539,410,234
25,581,465
93,522,155
23,235.510
94,432, r, 92
5,624,227
333,099,907
18,283,235
25,01i,511
8,572.794
36,189,462
56,822,845
52,179,543
1,035,526,998
386,440,877
95,916,508
147,652,448
332,725,395
92,162,661
1,026,220,487
338,010,910
95,300,654
167,045,609
330.737,889
147,500,000
103,619,318
21,414.799
10,115,221
6,433,716
18,697,657
1,846,494
73,338,806
11,311,828
9,859,420
11,733,514
15,010,500
3,761,910
1,706,952,635
703.011.783
203,326,183
278,883,884
638,501,557
240,142,885
489,979,771
45,494,848
5,179,837
16,545,321
80,150,433
2,842,554
121,954,310
13,052,650
10,514,213
7,340,165
35,260,321
8,688,223
1,054,897,889
109,117,034
29,368.372
24,885,375
17.250.335
44,331,319
25,028,900
1,078,655,062
104,190,215
9,847,800
21,924,900
28,477,691
46,342,824
20,666,400
68,507,887
6,916,065
769,559
561,536
528,596
2,859,087
1,339,588
51,677,172
8,792,177
96,624
1,177,484
1,046,609
2,138,972
112,016
2,063,866,292
193.148.636
31,498,920
46,383,618
34,104,169
81,603,578
41,595,0(11
150,212,993
30,052,084
6,137,616
4,920,700
1,287,566
10,826,847
3,188,907
74,855,572
5,196,089
233,657
657,933
798,660
3,951,731
663,548
249,981,335
35,607,831
10.131,977
82,712,060
75,195,472
42,837,600
231,449,830
39,397,237
9,662,541
63,511,500
114,569,254
41,035,716
12.974,431
1,372,583
447,704
509,047
2,795,708
902,498
13,363,882
2,358,787
877,451
1,259.874
3,139,690
2,677,864
428,333,982
70.090,784
19,449,585
154,252,:>55
158,543,588
85,816,828
56,413,720
3,378,890
62,474
1.006.858
18.588,738
1,384.178
11,502,218
1,279,167
197,194
1,470,961
8,407,827
3.830,241
246,484,940
207,311.505
37,644,249
104,392,162
113,309,823
82,598,800
75,881,100
268,176.248
189,09(i,5'l3
32,176,810
146,075,500
97,232,406
47,253,800
40,736,534
6,027,540
2,848,495
698,608
16,485,160
12,175.502
2,778,660
8,207,730
10,313,666
12,463,631
1,611,382
3,416.706
7,395,242
1,503,766
488,153,040
344,131,964
29,542,763
237,330,888
211,834,959
129.496.131
120,655,421
24,421,138
65,816,505
561,013
23,717,308
21,875,943
553,156
246,281
15,ia5.390
14,764,671
857,006
9,261,855
12,282,177
3,078,000
650,000
621,137,639
53,165,974
180,496,249
65,672,000
5,559,000
17,268,000
500,000
552,571,643
49,763,557
158,798,413
133,302,640
5,259,000
14,931,000
400,000
43,194,161
7,699,088
6,590,075
16,599,348
27,390,727
1,156,345
10.506,727
6,473,627
1,072,992.126
107,026,792
345,725.142
184,122,611
10,818.WIO
32,414,523
900,000
112,770,206
721,3*3
9,506,071
64,568,016
40,893,709
1,516,156
15.098,457
9,240,859
947,621
322,661,223
1,076,000
420,600,000
16,237,136
12.052,284
22,830,800
21,348,777
362,454,610
1,189,000
29,970,670
149,909,430
5,355,000
13,042,000
20,180,000
31,836,132
91,104
300,000
8,100,726
131,927
310,600
1,451,799
18,136,699
44,894
6,328,673
2,154,993
75,538
681,007,068
2,715,471
62,764,703
319,564.311
14,778.729
34,696,803
43,533,408
74,795,470
25,855,472
94.750
3,4C6,384
5,334,892
589,142
620,962
718,329
15,690,824
25,091,534
308.196
851,343
205,000
910,326
266,144,997
OUPS OP STA
219,646,100
TES.
10,386,156
9,514,424
478,053,425
42,146,897
10,814,459
A.
B..
C..
D.
E..
R.
0.
II.
202.673,477
1,035,526,998
1,0*54.897,899
249,981,335
246,484,940
621,137,639
3^2.(i61.223
266,144,997
143,792,350
1,026,220,487
1,078,655,062
231,449,830
2(18,176,248
552,571,643
362,454,610
219,646,100
14,128,189
103,619,318
58,507,887
12,974,431
6,027,540
43,194,161
31,836,132
10,386,156
9,789,818
73,3:38,806
51,677,172
13,363,882
10,313,666
27.390,727
18,136,699
9,514,424
335,636,655
l,70(i,952,635
2,063,866,292
428,333,982
488,153,040
1,072.992,126
681,007,068
478,053,425
23,335,510
489.979,771
150,212,993
56,393,720
24,421,138
112,770,206
74,795,470
42,146,897
18,283,235
121.954,310
74,855.572
11,502,218
15,185.390
40,893,709
25,855,472
10,814,509
3,999,508,508
3,817,(>97,a32
3,762,616,686
3,882,966,330
3,765,727,066
3,669,115,772
280,673,814
259,108,281
244,666,596
213,525,194
231,040,215
7,254,995,223
7,037,627,350
6,924,554 444
973,975,705
946,353,859
319,344,365
303,853,405
3,708,060,583
3,500,879,914
268,925,185
6.684,756,045
3,511,035,824
3,235,543,323
270,170,962
6,035,090,146
VI
RAILROADS OF THE
B. — Statement showing by States and Groups of States the mileage of railroad operated,
STATES.
Length
RR.
Worked.
REVENUE TRAIN MILEAGE.
PASSENGEB TRAFFIC.
FREIGHT TRAFFIC.
Passen-
ger.
Freight.
Mixed.
Passeng's
Carried.
Passenger
Movement.
Freight
Moved.
Freight
Movement.
1. Maine
M.
1,118.59
303.27
768.75
3,052.71
139.76
- 1,047.30
M.
1,589,151
611,176
1,424,354
13,807,984
739,a33
4,356,192
jr.
1,534,531
812,204
2,004,618
10,145,656
276,837
2,880,218
M.
361,160
No.
2,176,494
1,202,442
1,403,802
66,037.035
2,552,097
12,188,735
M.
72.223.010
27,046.084
54,009,722
870,442,569
39,089,405
290,033,960
Tons.
2.318,025
2.632,076
2,883,782
19,851.589
706,348
5.333,639
M.
18o.313.925
89.389,886
2:^,132.522
1,203.250.5C)6
22,474,428
259,i6ti.711
2. N. Hempshire.
3. Vermont
20,000
4. Massachusetts.
6. Rhode Island. .
6. Connecticut . . .
A. N. Eng. Gr'p.
7. New York
8. New Jersey...
9. Pennsylvania..
10 Delaware
16,358
6,430.38
7,084,55
1,397.88
7,998.79
267.59
1,202.41
22,528,690
22,277,103
8,079,376
21,204,547
578,160
4,942,925
17,654,064
30,244,438
8.607.915
58,017,325
510,841
6,567,951
397,518
792,499
281,072
1,328,693
85,560,60s,
52,165.58-*
27,335,322
74,571,968
583,587
8,734,581
1,352,844,750
1,048,881,974
406,038,811
1,087,583,627
12,480,063
205,350,697
33,725,459
49,307,417
17,097.354
135,025.528
762,567
11,183,441
1.997.728,038
6,086,851,513
971,216,746
9,619,081,737
32.063,437
1,57'0,230,226
11. Maryland ....
B. Middle Group
12. Ohio
13,146
17,951.2-,
9.153.H3
4,358.20
7,288.10
15,628.24
6,641.08
57,082,111
19,984,245
9,340,079
11,506,284
22,198,376
7,593,983
103,948,470
43.800,218
13,764,405
17,943,724
42,274,857
15,577,795
2,415,410
150,207
396,551
865,299
257,051
22,000
163,391,040
24,099,140
8,116,614
7,466,993
30,564,810
6,160,601
2.760,335,172
742,317,107
357,767,423
369,515,917
1,051,169,010
258,596,243
213,376,307
57,592.145
15,873,498
80,621,686
40,!'39,390
9,141,461
18,279,443.659
7.491.903,147
2.044,672.566
2,867,188,159
6,182,540,474
1,607,250,013
13. Michigan
14. Indiana
15. Illinois
16. Wisconsin
C. Cent. No. Gr
17. Virginia
18. West Virginia
19. North Carolina
20. South Carolina
21. Georgia
43,069.25
3,455.1
317.04
1,400.10
1,699.35
2,616.85
1,062.19
70,622,967
4,663,679
516,222
877,465
1,775,673
3,014,321
598,301
ia3,360,999
9,786,829
869,078
1,066,061
1,961,297
3,930,447
614,353
1,691,108
261,878
21.838
284,560
258,922
593,114
171,666
76,408,158
4,362,296
582,307
661,275
1,209,885
1,911,540
805,821
2,779,365,700
216,637,015
21,258,545
28,451,498
51.527,307
86.606,306
26,333,107
144,068,125
8,316,961
1,155,748
1,188.085
2,029,404
3,821,254
l,383,45b
20,193,554,359
1.414,043,222
56,461,532
79,834.563
116,651,813
363,069,543
67,076,383
22. Florida
D. So. Atl'ticGr
23. Alabama
24. Mississippi ...
25. Tennessee. ...
26. Kentucky
27. Louisiana
E. G.&M.Val.Gr
28. Missouri
29. Arkansas
30. Texas
10.550.64
1,955.55
342.65
3,005.5
1,934.5
980.2
11,445,661
2,107,375
285,433
3,477,045
3,369,187
981,037
18,228,065
3,246,789
381,179
5,1*6,152
5,052,685
1,516,273
1.591,978
370,416
9,533.124
1,552,276
247,201
2,366,918
3,402,047
1,125,165
430,813,778
76,581.513
9,196,767
114,87-2.636
120,966,471
56,325,448
17,894,908
3.889,531
548,689
4,542,776
7,381,905
2,678,621
2,127,137,056
391,923.858
34,873.991
554.052,552
756.511.173
253,386,026
19,114
221,722
73,046
8,218.5
6.313.1
1,352.2
5,303.6
4,343.88
2,036.9
906.7
10,220,077
8,355,039
894,992
4,939,561
15,333,078
14,290,749
331,613
9,487,623
7,692,861
2,458,623
1,044,287
684,328
72,600
1,737,003
568,626
54,035
31,837
8,693,607
8,059,907
746,555
2,737,132
3,383,623
648,232
562,256
377.942,835
310.302.256
30,810,183
156,366.082
2:32,264,374
53,681,028
35,604,834
19,041,522
15,568,084
1,190,810
4,585,791
1,990,697,600
2,019,239,779
136,073,546
754,201,340
1,042,176,178
244,677,552
119,098,462
31. Kansas
32. Colorado
33. New Mexico..
P. So. West. Gr'p
34. Iowa
35. Minnesota
4,728,951
1,880,818
814.863
6,126,191
2,292,284
251,803
20,256.64
2,561.3
6,573.0
21,614,224
2,433.373
6,209,064
35,311,756
3,713,323
9,046,074
2,464,101
66,042
16,137,705
1,895,329
5.486,878
1,979,215
672
400,000
95,369
819,028,757
64,112,149
238.754,646
•Mi. (70,072
6,720
20,000,000
502,197
30,014,963
4,403,651
8,578,122
4,079,572
100,000
1,285,000
210,063
4,315,466,857
333,774.225
1,487,778,834
992,183,597
1.000,000
95,000,000
1,067,391
36. Nebraska
37. Dakota .. .
3-i. Wyoming ....
39. Montana.....
G. No. West. Gr
40. Washington T
41. Oregon
2,547.4
15.0C
624.1
9.0C
2,425,19"
5,253,166
36,000
398,11'
736,136
21,076
12,329.9
44.1
1,027.0C
3,806.5
147. 2C
71 .OC
1,244.0
11,465,751
18.000
783,589
4,166,610
5,000
18,748,699
50.000
775,162
4,682,522
50,000
123,118
9,857,463
32,150
436,019
11,673,175
53,000
3,926
505,000
532,845,784
687,000
29.383,417
344,951.101
900,000
100,000
30,500,000
18,656,408
156,647
803, 30b
3,108,067
326,128
18,414
1,055,000
2,910,804,027
4-000,000
149,816.673
706,515,160
8.300,000
1,307,000
117,300,000
42. California
43. Nevada
35,000
35,000
44. Arizona
45. Utah
675,212
1,254,722
H. Pacific Group
6,339.$
5,648,411
6,812,406
70,000
12,703,270
406,521,518
5.467,562
RECAPIT
987,238,833
CLATION BY
A. New Engl'd Gr.
B. Middle Group..
C. Cent. Nor'n <;r.
D. So. Atlantic Gr.
E. G. &M.Val. Gr.
F. So. Western Gr.
G. No. Western Gr.
H. Pacific Group..
U.S., 1886...
U. 8., 1885 . . . .
U.S., 1^81 ...
U. S., iss.3 ....
U.S., 1882....
6.430.38 22,528,680
I7.95i.22 57:0*2.111
48,069.86 70,tx'2.967
10,550.641 11,455.661
8.218.51! 10.220,077
20.256. r,l 21.614.224
]2.:!2'.i.'.i5 11.46.-.,::)!
6,339.86 5,648,411
17,654,064
103,948,470
i:;:!,r.i;(',(.w
18,288,068
i:..mo78
:5:>.3ii.7:>6
lS.748,t!!)9
6,812,406
397,518
2,415,410
1,691,108
1.591.978
684,328
2,46»,KH
1x13,118
70,000
85,560,605
163,391.040
7'!.408.i:>8
9,533,124
8,698,607
16,187,705
4867,468
12,703,270
1,352,844,750
2.71*1.335,172
2,779,365,700
430,813,778
377,942,835
819,028. T:, r
532,845,784
406,521,518
33,725,459
213,376,307
144.068.125
17,894,908
19,041,522
30,014,963
18,656,408
5,467,562
1,997,728,038
18,279,443,759
20,193,554.359
2,127,137.056
1,990,697,600
4,816,466,867
2,910,804,027
987,238,833
125,146.50210,637.892
122. 1 10. if, an, 587,620
113,172.66 206.516.1 1S
1H6,!I:-U49 187,9(13,247
96,762.33, 105, 438.1.58
349,697,537
3H4.8 14.529
350,108,255
305,118,036
9.4.S7..V.1
6,297,575
.•iS2.2SJ.972
:r.l.427.6K8
3:i4.:,7i>,766
:!12.686.641
289,030,783
9,659,698,294
9,133.673.956
8,778.581.061
8,541,309.674
7,483,059,934
482,245,254
4:>:.(IIO.O!)!,»
399,074,749
400,453.439
360,490,375
52.802,070,529
49,151,894,469
44. 725. 2l >7. (>; 7
44,064.923,445
39,302,209,249
Til
UNITED STATES IN 1886.
traffic operations, gross and net earnings, interest and dividend payment?, etc., etc.,
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
18.
14.
15.
10.
17.
18.
19.
20.
21.
88.
23.
24.
8ft.
98.
27.
28.
29.
3d.
31.
32.
33.
34.
35.
3(5.
37.
38.
89.
40.
41.
48.
43.
44.
45.
OB
GROSS TRAFFIC EARNINGS.
Net
Earnings.
Total
Available
Revenue.
PAYMENTS FROM AVAILABLE REVENUE.
From
Pass'^ers.
From
Freight.
Total
(including
Misccl's).
Interest
on
Bonds.
Other
Interest.
Dividends
on Stock.
Rentals.
Miscella-
neous
Payui'nts.
$
1,927,921
734,607
1,247,888
16,390,269
871,982
5,804,794
$
2,973,943
1,292,016
2,347,983
18,226,320
632,327
5,612,901
$
5,269,182
2.192,922
3,838,714
37,480,493
1,602,591
12,269,816
I
1,953,203
869,840
1,164,033
11,186,185
499,202
4,207,680
$
2,133.372
1,742,197
1,567,671
13,481,621
608,194
4,519,820
8
1,163,904
314,286
405,356
4,187,528
139,776
667,014
$
54,657
13.826
54,657
255,006
1,887
4,464
$
902,521
730,096
275,090
4,974,502
256,000
2,345,151
$
189,000
144,482
436,250
2,551,582
17,6(13
563,748
S
34,107
135,811
1,318
232
15,869
26,977.461
20,580,395
10,137,564
23,625,663
374,407
3,497,708
31,085,490
51,631,544
13,648,924
84,844,776
733,585
9,314,578
62,653.718
73,360,906
24,697,443
122,543,244
1,220,796
13,078,692
19,880,203
24,725,979
6,350,229
51,027,440
187,038
5,113,596
24,052,875
25,722,954
15,838,799
67,571,520
253,904
5,531,002
6,877,884
14,849,892
11,644,182
22,909,162
169,000
10,622,967
384,497
926,-;86
218,952
510,911
"'iejsoo
9,483,360
6,680,975
4.071,073
15,368.315
91,974
1,518,756
3,902,725
6,857,540
2,138,841
17,251,649
" 196^214
187,337
1,543,606
152,156
6.030.584
1,543.606
108,319
58,215.737
16,566,387
8,008,125
8,423,196
22,741.834
6,433.854
160,175,405
48,681.034
17,779,402
22,6(55,714
67.871,594
19,907,634
234,901,081
71,196,610
27,114,912
33,547,289
97,685,882
28,174,270
87,404,282
23,143,967
8,338.656
8,491,660
40,572,211
11,535,481
114,918,179
24.497,759
9,886,170
9,366,853
45,918,282
11,991,229
60,195,203
11,988,780
4,993,536
4.602.088
18,562,751
7,119,374
1,672.949
933,334
240,427
70,406
178,450
27,731,093
5,196,574
1,573,018
634.929
16,482,596
3,237,677
26,438,244
2,633,729
2,430,848
1,243,020
3,482.988
117,774
9,378,271
1,055,893
49,408
1,163,882
4,215,664
25,435
62,173,396
3,907,878
376,896
758,092
1,374,366
2,405,140
925,405
176,905,378
11,023,859
7*3,609
1,909,051
3,137,488
8,182,819
1,137,893
257,718,913
17,123,190
1,213,702
2,950,166
4,946,989
9,353,371
2,393,296
92,081,975
6,536,144
346,223
945,835
1,137,474
2,729,952
659,213
101,660,293
6.528,907
433,137
1,445,815
1,372,166
4,956,427
741,398
47,266,529
3,633,994
31B.455
665,763
1,243,209
2,410,362
642,952
1,422,617
233,458
27,124,794
299,219
19,029
808,037
110,429
970,432
9,000
9,908,359
1,032,499
6,510,28,?
93,059
13,737
10
4,767
147,078
19,539
4,007
23,006
23,430
. 39,937
31,797
189,172
1,043,958
9,747,777
1,860,472
308,259
3,281,752
2,885,816
1,133,005
24,774,719
5,130,807
775,577
6,707,206
8,034,328
5,399,788
37,980,774
7,460,869
1,141,81°
10,6S8,168
11,899,225
6,876,870
12.354,841
2,063,167
207,393
3,830,564
4,653,894
1,856,724
15,477.910
2,146,248
207,393
4,066,444
5,514,387
3,372,018
8,908,735
1,726,865
357,678
1,794,036
3.566,416
2,657,361
823,838
10,403
40,395
212
113,003
201,219
2,216,146
75,000
2,297,426
43,304
278,190
80,013
38,233
28,229
129,867
32,409
117,095
9,500
400,000
1,833
963,356
246,131
9,469,304
8,268,297
984,950
4,024,790
5,526,461
1,959,675
608,723
26,047,706
26,423,807
2,255,099
14,326,963
16.288,140
7,121,463
995,890
38,066,947
37,363,491
3,404,054
20,402,563
23,151,011
9,712,280
1,778,710
12,611,742
15,440,305
1,016,638
4,198,52(5
9,950,871
3,055,334
def. 32,746
15,306,490
17,907,914
1.010,638
4,833,822
11,128,035
3,118.600
513,054
10,102,356
10,a57,829
632,115
3,925,629
5,385,432
1,431,798
504,436
365,232
6,124
46,805
145,324
601,595
3,823,825
1,743
1,254,624
176,035
308.S11
1,705,858
42,341
336,120
625.200
457,700
4,249,838
15,000
287,275
2,985
21,327,896
1,597,042
6,710,117
4,615,690
673
431,370
40,800
67,411,362
4,740,711
21,592,638
13,502,996
68,965
1,388,876
81,009
95,872,115
6,702,565
29,685,733
19,618,473
70,436
1,943,066
122,212
33,628,928
1,627,923
13,174,646
7,928,795
def. 11,250
591,679
13,015
38,518,063
3,092,605
16,222,449
11,449,377
351,980
591,930
113,535
22,737,239
2,357,462
9,141,855
5,666,139
363,230
895,860
100,520
201,238
76,936
3,211
8,090,406
299,830
2,571,174
463,310
24,970
1,507,953
8,960
3,167,219
2,280
785,467
1,552,549
87,310
36,000
136,520
13,335,692
29,050
992,207
8,553.741
36,553
9,772
950,271
41,375,195
130,000
3,584,183
15,245,125
592,777
141,326
2,890,436
58,142,485
167,291
6,528,334
25,250,590
656,908
158,043
4,094,75o
23,324,808
59,957
2,785,073
11,560,643
280,044
101,007
1,237,512
31,821,936
82,597
2,&37,073
16,575,872
280,044
715,854
1,261,518
18,525,066
20,760
740,290
5,891,800
47,500
607,920
904,228
80,147
2,907,004
1,678,403
2,427,606
2,080
296,374
60,490
14,079
6,953
1,560,000
199,740
180,000
1,731
8,144,144
172,451
10,577,594
OUPS OF
22,583,847
STATES.
36,855,916
16,024,836
21,755,958
8,271,998
21,032
1,939,740
8,145,875
531,395
A.
B.
C .
1).
E.
F.
G.
II.
26,977,461
58,215,737
62,173,396
9,747,777
9,469,304
21,372,896
13,3'I.V592
10,5r7,594
31,085,490
160,175.405
176,905,378
24,774,719
26,047,706
67,411,362
41,375,195
22,583,847
62,653,718
234,901,081
257,718,913
37,980,774
38,066,947
95,872,115
58,142,485
36,855,916
19,880,203
87,404,282
92,081,975
12,354,841
12,611,742
33,628,928
23,324,808
16,024,836
24,052,875
114,918,179
101,660,293
15,477,910
15,300,490
38,518,063
31,821,936
21,755,958
6,877,864
60,195,203
47,266,529
8,908,735
10.102,356
22,737,239
18,525,066
8,271,998
384,497
1,672,949
1,422.617
323,838
365,232
201,238
80,147
21,032
9.483,360
27,731,093
27,124,794
2,216,146
601,595
8,090.406
2,907,004
1,939,740
3,902,725
26,238,244
9,908,359
2,297,426
1,254,624
463,3!0
1,678,403
8,145,875
187,33 ?
9,378,271
6,510,282
278,190
308,811
3,167,219
2,427,606
531,395
211,929,857
200,883,911
206,790,701
206,837,256
188,137,462
550,359,054
509.690,992
502,869,910
539,509,831
485,778,341
822,191,949
765,310,419
763,306,608
807,112.780
727,987,310
297,311,615
266,488,993
260,513,911
291,587,588
264,818,769
363,511,704
352,881,470
349,750,172
359,942,327
315,663,925
182,884,990
179,681,323
167,286,139
4,471,550
6,571,848
80,094,138
77,672,105
93,203,835
101,579,038
97,159,519
53,888,966
22,789,111
vm
From the preceding tabular statements it will be seen that the number of
miles of railroad constructed in the United States in 1886 was 9,000, the aggre-
gate mileage for the whole country completed at the close of the year being 137,-
986 ; the rate of increase during the year being 7.8 per cent. The mileage, not
including elevated roads, from which returns of earnings and traffic operations
for the past year were received, equalled 125,147 miles, against 123,110 miles
for 1885. The share capital of all the railroads making returns, including the
elevated railroads, equalled $3,999,508,508, against $3,817,697,832 for 1885 ;
their funded debts, $3,882,966,330, against $3,765,727,066 for 1885 ; their un-
funded debt, 1280,673,814, against $259,108,281 for 1885. The amount of share
capital and indebtedness of all the companies for 1886 equalled $8,163,148,652,
against $7.842,533,179 for 1885, the increase equalling $320,615,473, the rate of
increase being about 4.09 per cent. The earnings from freight equalled $550,-
359,054 ; from passengers, $211,929,857 ; from miscellaneous sources, $59,903,038.
The operating expenses of all the roads for the year equalled $524,880.334, the
net earnings being $297,311,615. The gross earnings upon the entire capital
invested exceeded 10 per cent.; the net. nearly equalled 3.5 per cent. The
amount of interest paid the past year equalled $189,036,304, against $187,426,-
035 for 1885; of dividends, $81,654,138, against $77,672,105 for 1885. The
percentage of interest paid on the funded debts of the companies the past year
equalled 4.75 percent., against 4. 77 per cent, for 1884. The percentage of divi-
dends paid to the whole share capital equalled 2. 04 per cent., against 2.02 per
cent, for 1885. The earnings per mile of lines operated the past year equalled
$6,570, against $6,265 per mile for 1885, the increase per mile equalling $305,
the rate of increase per mile being 4.9 per cent.
The general results of the operations of the railroad system of the country,
as shown by the foregoing tabular exhibits, may be briefly summarized as follows:
The traffic operations for the year — the passenger and freight movement —
were largely in excess of any previous year, but the increase in the volume of traffic
was nevertheless little above the average increases of past years, and is indicative
of a healthy revival in the business of the country, and a continuance of its de-
velopment rather than of any extraordinary movement due to speculative causes.
It will be observed that in both passenger and freight traffic the rates per
ton per mile and the average carrying distance of each fell off a trifle, so that
were it not for the increased movement of persons and merchandise the earnings
Avould have shown a decrease. The gradual reduction of freight and passenger
rates is, however, a natural sequence to the growth of the country. During the
past year this decrease was less noticeable than formerly, for the reason that rates
are now so low in the average as to admit of but very little further decrease.
The earnings of the year, when compared on a mileage basis with the aver-
age of 1885, show large increases, but yet fall very much short of the aver-
ages of 1884 and 1883. This may be accounted for in some measure by the fact
that a large extent of the mileage constructed in recent years has been through
long stretches of comparatively undeveloped country ; and again by the fact of
the construction of duplicate parallel lines, to which extended reference has been
made in former numbers of the MANUAL.
The exhibit of earnings is made still more gratifying by the reduction in the
cost of operating the roads, the total cost in 1886 being 63.84 per cent, of gross
earnings, against ti5.12 per cent, in 1885, the reduction being due chiefly to im-
proved methods and the introduction of necessary economies. This is shown
by examination of the train statistics in the appended tables.
The payments made for interest on bonds during the year shows a decrease
in the average rate of 0.02 per cent. This is probably due to the large increase
in the funded debts of the companies, made to provide the means for new con-
struction, on only a small part of which interest accrued or became due within
ix
their fiscal years ; also to the provisions made in many reorganization schemes
for a reduction in the rate of interest and for deferring interest payments for
certain periods, and to the gradual'retirement of high rate bonds by the larger
corporations.
In the present number of the MANUAL, the statements for the several com-
panies are grouped according to what may be termed natural divisions of the
country, in order to give a better idea of the relative amounts of their traffic.
The New England States, for example, constitute by themselves a well defined
district, the railroads of which form a system depending very little upon the
railroads of other portions of the country. The Middle States, as they are
termed, constitute another natural division or group, its railroads forming a
well defined system of their own. The railroads of the South-western group
have only very remote relations with those lying far to the East and North. By
the plan now adopted, the results of the operation of the railroads of the several
natural divisions of the country can be readily seen, such results marking the
extent and activity of their appropriate industries, and of the degree of social
intercourse of their people.
The great increase in the number of railroads, together with a greater full-
ness of statement for each, rendered necessary the discontinuance, the past year,
of the tables by which the statements for the lines of each State had been pre-
faced ; and also the omission from the MANUAL of the names of a large number
of railroad officials and employes. The latter omission was made good by the
" Directory of Eailroad Officials," first published in 1886, containing some 400
pages. A similar work has already been published for the present year. In the
MANUAL OF RAILIIOADS are given only the names of the Directors and leading
officers. The " Directory," in addition to the names of (l Railroad Officials,"
contains a great amount of valuable information in reference to the industrial
establishments of the country more or less identified with our railroad system
and dependent upon it for their support. The Directory for 1887 contains 400
pages having the names of nearly 30,000 railroad officials, and, as a book of ref-
erence, is of great value to all the interests of the country.
For several years past, statements for the year ior a certain number of com-
panies have been supplemented by full and complete accounts of their organi-
zation, and of their operations and financial condition each year from the first.
For the character and scope of such statements or monographs reference is to be
had to that for the Atchison, Topeka and Santa Fe company in the present num-
ber of the MANUAL. Such statements will be continued, yearly, until they in-
clude every company of importance in the country.
The general result for 1886 is a very favorable one, not only in the increase
of earnings upon the investments, but in the better sentiment which prevails.
The managers of our great lines feel themselves to be much more masters of the
situation, as it were, than for some years past. Within the past year disturbing
influences of great magnitude have been removed, of which the absorption of the
West Shore by the New York Central, and of the New York, Chicago and St.
Louis by the Lake Shore, may be given as examples, showing that in great
emergencies the managers of our railroads can act like men of sense, and profit
by the experience of the past.
There seems to be a disposition on the part of all our railroad companies to
cultivate the traffic of the districts which they specially occupy, rather than in-
vade the territories other lines. The new roads opened the past year, or in pro-
cess of construction, consist mostly of laterals or feeders to trunk lines. Some
have been or are being constructed at a cost so low as not to draw excessive
amounts of capital from other industries, while they will add largely to the earn-
ings of the trunk lines to which they belong. The year 1887 opened auspi-
ciously for our railroads. It is closing still more auspiciously. Although the
tide had only begun to turn in 1886, the earnings for year were 7£ per cent,
greater than that for 1885, the increase in the investment upon which such earn-
ings were made being only a little over 3 per cent. ; mileage only about 1.8 per
cent. The earnings for 1887, are likely to equal $900,000,000, the increase to
equal fully ten per cent, over that of 1886. The increase in the investment
upon which such earnings are to be based will not probably exceed 3 per cent.
Hereafter it seems probable that the earnings of our railroads are to increase in
ratio considerably greater than the amount of capital invested in them. A strik-
ing feature in the results of the operation of the railroads of the country for
the past year is the increase, shown on the following table, of the tonnage-
traffic and earnings of the three great trunk lines — The New York Central,
including the West Shore ; the Erie, including the New York, Pennsylvania
and Ohio, and the Pennsylvania, Pennsylvania Division.
ROADS.
Miles operated.
Tons of freight
moved.
Increase
. of tons
moved.
Gross Earnings.
Increase
of
Earnings .
1885
1886
1885
1886
1885
1886
New York Central . .
953
1,601
1,518
1,329
1,609
1,568
10,802,957
10,253,489
24,043,028
12,718,101
12,806,918
26,420,448
1,916,144
2,553,430
2,377,922
$
24,429,441
20,555,615
27,667,406
$
30.506.361
24,471,601
31,132,287
$
6,076,920
3,915.986
3,464,581
Erie
Pennsylvania
4,072
4,506
45,099,474
51,945,467
6,845,993
72,652,462
86,110,249
13,357,787
The mileage of the above lines equalled 3.6 per cent, of the total mileage
operated in the United States the past year, their tonnage equalled very nearly
11 per cent, of the whole. The increase of their tonnage equalled 6,847,496
tons, the increase equalling 15 per cent, of the increase for all the roads. The
increase of their earnings equalled $13,357,787 or about 23 per cent, of the
whole. These three lines convey, to the seaboard the greater portion of the pro-
duce of the interior, whether sent forward for domestic consumption or expor-
tation, so that with rates maintained, their traffic is likely to increase in a
greater ratio than that of other lines.
Statement showing the number of miles of railroad constructed and in operation each year
in the United States, from, 1830 to the close 0/1885 inclusive :
YEAR.
Miles in
Operation.
Annual
Increase of
Mileage.
YEAR.
Miles in
Operation.
Annual
Increase of
Mileage.
YEAK.
Miles in
Operation.
Annual
Increase
of Mileage
1830...
23
1849
7,365
1,369
1868
42,229
2,979
1831
95
72
1850
9,021
1,656
1869
46,844
4,615
1832
229
134
1851
10,982
1 9G1
1870
52,914
6,070
1833
380
151
1852
12,908
1 926
1871
60,293
7,379
1834
633
253
1853
15 360
2 452
1872
66,171
5,878
1835
1,098
465
1854
16,720
1,360
1873
70,268
4,097
1836...
1,273
175
1855
18,374
1,654
1874
72,385
2,117
1837 . .
1,497
224
1856
22,016
3 642
1875
74,096
1,711
1838
1,913
416
1857
24,503
2,487
1876
76,808
2,712
1839
2,302
389
1858
26 968
2 465
1877
79 088
2,280
1840. . . .
2,818
516
1859
28,789
1,821
1878
81,717
2,629
1841
3,535
717
1860
30,635
1,846
1879
86,463
4,746
1843 . .
4,026
491
1861
31,286
651
1880
93,349
6,876
1843
4,185
159
1862
32,120
834
1881
103,145
9,796
1844
4,377
192
1863
33,170
1,050
1882
114.713
11,568
1845
4,633
256
1864
33,908
7as
1883 . . .
121,454
6,741
1846
4,930
297
1865
35,085
1,177
1884
125,371)
3,825
1847
5,598
668
1866
36,801
1,716
1885
128,987
3,608
1848
5,996
398
1867
39,250
2,249
1886
137,986
9,000
NOTE.— The "annual increase of mileage" usually represents the net increase within the year named. For
construction in 1885 reference should be made to the statement appended hereto.
Statement of miles of railroad in each State and group of States December 81, 1886-1876 :
1886
1885
1884
1883
1882
1881
1880
1879
1878
1877
1876
Maine
1,149 51
1,13>.51
1,141.95
1,099
1,050
1,027
1,005
1,009
989
989
989
New Hampshire
1,050.17
1,044.17
1,044.25
1,042
1,038
1,021
1,015
1,019
1,009
964
940
Vermont
946.75
946 75
944.25
937
925
916
914
873
873
872
810
Massachusetts
2,018.46
1,997.80
1,989.46
1,979
1,967
1,959
1,915
1,870
1,872
1,863
1,847
Rhode Island
209.99
209.99
211 .02
211
211
211
210
210
208
204
189
Connecticut
975.56
975.56
975.70
963
963
!I60
923
922
922
922
918
Total (New Engl'd).
New York
6,350.44
7,481 40
6,309.78
7,385.13
6,306.63
7,334.76
6,231
7,349
6,158
6 991
6,091
6,260
5,977
5,991
5,903
6,008
5,873
5,877
5,814
5,725
5,683
5,525
New Jersey
1,957.41
1,920.52
1,889.06
1,874
1,862
1,773
1,684
1,663
1,663
1,661
1,601
Pennsylvania
7,871.56
7,667.47
7,545.94
7,236
6,884
6,356
6,191
6,068
6,011
5,902
5,794
Delaware
334 50
316.05
306.47
282
282
275
275
280
280
272
272
Dist of Columbia
21 61
21.61
18.16
18
18
1 225 09
1,189.11
1,082 28
1 099
1 079
1,065
1,040
966
952
944
944
Total (Mid. States).
Ohio
18,891.57
7,456.18
18,499.89
7,337.52
18,176.67
7,275 50
17,858
7,217
17,116
6,901
15,720
6,289
15,181
5,792
14,985
5,521
14,783
5,151
14,504
4,878
14,136
4,687
Michigan
5,635.82
5,268. 65
5.233.20
5,072
4,614
4,283
3,938
3,673
3,598
3,477
3,395
Indiana
5,711.19
5,599.82
5,534.17
5,543
5,372
4,759
4,373
4,336
4,198
4,057
4,003
Illinoi8
9,275.69
8,904.77
8,908 98
8,868
8676
8,260
7,851
7,578
7,448
7334
7,285
Wisconsin
4,869.17
4,417.90
4,289.44
4,039
3,811
3,457
3,155
2,896
2,810
2,701
2,636
Total (C. N. Group)
Virginia
32,948.05
2,729.83
31,528.66
2.692. a3
31,241.29
2,687 89
30,739
2,553
29,374
2,450
27,048
2,220
25,109
1,893
24,004
1,672
23,200
1,646
22,447
1,635
22,006
1,618
West Virginia
1,146.82
1,038.82
1,026 48
948
813
706
691
694
669
638
618
North Carolina
2,201.60
2,027.70
1,938.23
1,812
1,781
1,645
1,486
1,446
1,435
1,426
1,399
South Carolina
1,813.60
1,687.10
1,563.55
1,549
1,508
1,479
1.427
1,424
1,4>9
1,406
1,353
Georgia
3.390.50
3,116.25
2,977 55
2,933
2,878
2,561
2,459
2,460
2,415
2,339
2,306
Florida
1,918.18
1,603.19
1,324 19
1,157
964
693
518
519
487
485
485
Total (S. A. Group)
13,200.53
3,280 46
12,165.89
2,225 96
11,517.89
2 190 96
10,952
2059
10,394
1 901
9,304
1 859
8,474
1,843
8,215
1 832
8,071
1 832
7,929
1 801
7,779
1 800
Mississippi
Tennessee
2,111.38
2,199.10
1,920.29
2,157.54
1,843.94
2,lfi5 98
1,616
2 112
1,303
2 065
1,182
1,900
1,127
1,843
1,140
1,701
1,126
1,665
1,088
1 656
1,084
1 645
Kentucky
2,116 78
2,009.94
1.886 54
1,852
1 745
1,672
1,530
1,595
1,498
1 509
1,475
Louisiana
1,881.16
1,370.46
1,315.85
1,204
1,010
914
652
544
466
466
466
Total (M. V. Group)
Missouri
10,088.88
5,068 32
9,684.19
4,968.84
9,403.27
4,709.59
8,843
4,619
8,024
4,501
7,527
4,207
6,995
3,965
6,812
3740
6,587
3,286
6,520
3 198
6,470
3 146
Arkansas
2 195 <>8
2,146.18
1,764 16
1,732
1 488
1 002
859
808
783
767
767
Texas
7.295 27
6,a87.37
6,198 10
6075
6 009
4913
3 244
2 591
2428
2 210
2 031
Kansas
6,119 40
4,441.36
4,204 83
3,964
3 820
3,609
3.400
3,103
2.427
2,352
2 238
Colorado
2,943.56
2,884.30
2,841 61
2,832
2,766
2,187
1,570
1,208
1,165
1,045
957
New Mexico
1,232.96
1,194 96
1,191.28
1,140
1,089
1,047
758
118
8
Indian Territory
431.87
352.70
352.70
353
350
295
289
275
275
275
275
Total (S. W. Group)
Iowa
25,287.06
7.934 80
22,675.77
7,503.67
21,262.27
7,509 80
20,715
7216
20,023
6 967
17,260
6,164
14.085
5,400
11,843
4 779
10,372
4 266
9,847
4 134
9,414
3 939
Minnesota.
4 823 11
4,331 10
4 192 94
3 906
3 735
3 338
3 151
3 008
2 535
2 194
2 020
Nebraska
Dakota
3,615.89
3,698 21
2,987.81
2,876.73
2,794.10
2,759 18
2,696
2 495
2,498
2084
2,277
1 668
1,953
1 225
1,634
400
1,344
320
1,286
290
1,217
275
Wyoming
777.72
616.83
616.45
625
625
576
512
593
472
465
459
Montana
1,062.48
1,046.68
1,047.16
1,035
633
271
106
Total (N. W. Group)
Washington Territory
Oregon
21,912.21
897.90
1,219 41
19,362.82
736.40
1,181 21
18,919.63
675.40
1,165 20
17,973
598
950
16,542
472
756
14,294
472
573
12,347
289
508
10,414
212
295
8,937
212
283
8,369
197
248
7,910
110
248
California
3,296 76
3,044.30
2,910 81
2,881
2 636
2,309
2 195
2 209
2 149
2 080
1 919
Nevada
954.18
954.18
948 18
948
948
895
739
720
627
627
627
Arizona
988.95
905.95
905.95
806
713
497
349
183
27
Utah
1 138 97
1 138 97
1 134 17
1 124
1 062
877
842
593
543
506
506
Idaho Territory
811.28
797.78
811.15
777
494
276
206
196
103
Total (Pac. Group).
9,307.45
8,758.79
8,550.86
8,144
7,081
5,899
5,128
' 4,408
3,944
3,658
8,410
RECAPITULATION.
New England Group.
6,350.44
6,309.78
6,306.63
6,231
6,158
6,091
5,977
5,903
5,873
5,814
5,68,
Middle
18.891.57
18,499.89
18,176.67
17,858
17,116
15,720
15,181
14,985
14,783
14,504
14,13(
Cent'l Northern
32,948.05
31,518.66
31,241.29
30,739
29,374
27,048
25,109
24,004
23,200
22,447
22,00(
South Atlantic
13,200.53
12,165.89
11,517.89
10,952
10,394
9,304
8,474
8,215
8,071
7,929
7,77$
Mississippi Val.
10,088.88
9,675.19
9,403.27
8,843
8,024
7,527
6,995
6,812
6,587
6,520
6,471
South Western
25,287.06
22,675.77
21,262.27
20,715
20,023
17,260
14,085
11,843
10,372
9.847
9,41^
North Western
21,912.21
19,362.82
18,919.63
17,973
16,542
14,294
12,347
10,414
8,937
8.369
7,91(
Pacific
9.307.45
8,758.79
8,550.86
8,144
7,081
5,899
5,128
4,408
3,944
3,658
3,41(
United States
137,986.19
128,986.79
125,378.51
121,455
114,712
103,143
93,296
86,584
81,767
79,088
76,80$
Xll
Statement showing the length in kilometers, 1877 to 1884, of all the RAILROADS IN THE
WORLD, arranged by the political and geographical divisions thereof. Prepared by MODS.
Paul Trasenter, Inginieur honoraire des Mines, Charge du Cours de Geographic industrielle et
commerciale a I'Ecole des Mines de, Liege.
COUNTRIES.
DATE OF OPEN-
ING FIRST LINE.
1877
1878
1879
1880
1881
1882
1883
1884
German v. .
Dec. 7, 1835
30,729
31,628
35,302
33.781
34.327
34,962
35,907
36,737
Great Britain
Sept. 27, 1825
27,482
27,895
28,478
28,860
29,249
29.7a3
30,062
30,357
France
Oct. 1. 1828
23,336
24,164
24,921
25,932
27,376
28,638
29,474
30,989
Russia .
April 4, 1838
21,492
22,750
23.390
23,524
23.649
24,727
25,5155
26,008
Austria-Hungary
Sept. 20, 1828
18.058
18,161
18.669
18,704
19,126
20,006
20,8o7
22.106
Italy
Oct. 3, 1839
8,178
8,404
8,518
8,788
8,774
9,042
9,455
9,925
Spam
Oct. 30, 1848
6,396
6,695
7,181
7,455
7,739
7,848
8,251
8,663
Sweden
Feb. 9, 1851
\
Norway
July 14, 1853
Belgium
May 5, 1835
3.644
3,740
4,012
4.111
4.182
4,294
4,319
4,366
Switzerland
June 15, 1844
2,590
2,623
2,637
2,635
2,071
2.829
2,884
2,890
Holland
Sept. 13, 1839
1,643
1,678
1,708
1,792
1,909
1,981
2,092
2,219
Roumania ....
Oct. 4, 1860
1,241
1,309
1,384
1,384
1,470
1,478
1,520
1,602
Turkey
Oct. 4, 1860
1,537
1,469
1,394
1,394
1.394
1,394
1,394
1,394
Denmark
Sept. 18, 1844
1,366
1,450
1,563
1,579
1,622
1,762
1,813
1.944
Portugal
July 9, 1854
1,070
1,079
1,151
1,248
1,261
1,482
1,494
1,527
Luxemburg
Sept. 13, 1839
273
273
308
370
387
425
430
435
Greece
Feb. 18, 1869
13
13
13
13
13
13
22
175
Servia. .. .
244
Total Europe
Sept.27, 1825
154,769
159,495
165,277
168,649
172,668
178,340
183,500
189,803
British India
April 18, 1853
11,790
83,219
13,757
14,729
15,898
16,211
16,820
18,558
Ceylon. ..
Oct. 1, 1865
178
180
190
217
286
286
317
317
Java
August 10, 1867
261
344
381
411
505
613
707
938
Asia Minor
394
394
394
394
452
497
497
555
Japan
Oct. 17, 1873
105
109
109
121
158
223
294
400
Total Asia
12,728
14,246
14,831
15,872
17,299
17,830
18,635
20,768
United States
April 17, 1827
127,279
131,603
139,260
150,607
165,991
184,607
195.456
201,770
Canada
March 19, 1847
9,408
9,519
10,438
11,090
11,688
12,123
14,176
15,414
Mexico
Oct. 8. ia50
676
767
833
1,055
2,000
3,573
4,650
5,456
Costa Rica
Jan. 19, 1872
]
120
170
172
178
178
Nicaragua.
Summer of 1880
I
20
56
92
93
Guatemala
June 20, 1880
}- 153
153
192 \
45
45
93
170
Honduras
Sept. 25, 1871
|
90
90
90
9(5
111
Salvador
July 15 1882
J
24
24
24
Cuba
August 9, 1839
1,382
1,400
1,410
1,500
1.600
Jamaica ....
Nov 21 1845
40
40
40
52
52
Trinidad .
26
26
26
26
26
Colombia
!• Fail, 1880 •<
103
103
103
121
173
193
225
243
Venezuela
Feb. 9, 1866
147
147
147
113
113
113
164
164
British Guiana
Sept 1 1864
34
34
34
34
34
34
Brazil
April 30, 1854
2,600
2.753
3,060
3,500
4,027
4,864
5,600
6,115
Argentine Republic
Dec. 14, 1864
2,240
2,317
2,317
2,473
2,590
2,623
3,500
4,57§
Uruguay
Jan. 1, 1869
376
376
376
431
431
431
431
431
Paraguay . . ,
Oct. 1, 1863
72
72
72
72
72
72
72
72
Chili!...
Jan., 1852
1,625
1,689
1,898
2,100
2,203
2,275
Pern
May 29, 1851
1,852
1,852
1,898
1,&52
1,852"
1,852
1,852
Bolivia
1873
130
130
130
1,852
130
130
*
Ecuador
41
41
64
64
64
64
64
64
Barbadoes .
Sept. 10, 1883
36
36
Total America..
147,913
152,917
161,917
175,098
192,854
214,662
230,624
240,755
Egypt
Jan. 26, 1856
1,494
1,494
1,494
1,494
1,518
1,518
1,518
1,518
Cape Colony
June 26, 1860
650
1,069
1,209
1,457
1,547
l,5tt>
1,952
2,339
Algeria .... ....
August 15, 1862
!• 748
Tunis ...'
July 5, 1873
748
1,369
Natal
8
50
91
159
159
159
250
250
Mauritius
May 13, 1862
106
106
106
132
148
148
148
14
115
115
125
125
Senegal
10
100
317
Total Africa
3,006
3,785
4,269
4,635
5,094
5,370
5,984
6,729
New South Wales
May 29, 1855
1,035
1,180
1,185
1,3K8
1,603
2,117
2,353
2,677
Victoria
Sept. 13, 1854
1.529
1,693
1,811
1,930
2,007
2.182
3,515
2,717
Queensland
July 31, 1805
574
6S8
809
1,019
1,228
1,395
1,674
1,943
South Australia
April 16, 1856
528
730
900
1,090
1,339
1,521
1,590
1,710
Wect Australia
Jan. 21, 1864
109
109
115
115
148
152
185
222
Tasmania
Feb. 19, 1871
276
276
276
276
276
268
268
346
New Zealand.
1,535
1,722
1,885
2,025
2,072
2,358
2,382
2,527
Total Australia
5,586
6,398
6,981
7,823
8,733
9,993
10,967
12,142
Grand Total
324,002
326,841
353,275
372,077
396,648
426,195
449,710
470,197
* Territory in which railroads were located taken by Chili.
THE INTERSTATE COMMERCE BILL.
AN ACT TO REGULATE COMMERCE.
Be it enacted by the Senate and House of Representatives of the United Conmon car.
States of America in Congress assembled, That the provisions of this act shall riers to
apply to any common carrier or carriers engaged in the transportation of pas- whom the act
sengers or property wholly by railroad, or partly by railroad and partly by applies,
water when both are used, under a common control, management, or arrangement, for a
continuous carriage or shipment, from one State or Territory of the United States, or the
District of Columbia, to any other State or Territory of the United Statea, or the District of
Columbia, or from any place in the United States to an adjacent foreign country, or from
any place in the United States through a foreign country to any other place in the United
States, and also to the transportation in like manner of property shipped from any place in
the United States to a foreign country and carried from such place to a port of tranship-
ment, or shipped from a foreign country to any place in the United States and carried to
such place from a port of entry either in the United States or an adjacent foreign country :
Provided, however, That the provisions of this act shall not apply to the trans- Traffic not
portation of passengers or property, or to the receiving, delivering, storage, or affected,
handling of property wholly within one State, and not shipped to or from a foreign country
from or to any State or Territory as aforesaid :
The term " railroad " as used in this act shall include all bridges and ferries Defining the
used or operated in connection with any railroad, and also all the road in use by ^^ » and
any corporation operating a railroad, whether owned or operated under a con- "Transporta-
tract, agreement, or lease ; and the term " transportation " shall include all in- tion."
strumentalities of shipment or carriage.
All charges made for any service rendered or to be rendered in the trans- charges to be
portation of passengers or property as aforesaid, or in connection therewith, or just and
for the receiving, delivery, storage, or handling of such property, shall be reason- reasonable.
able and just ; and every unjust and unreasonable charge for such service is prohibited and
declared to be unlawful.
SEC. 2. That if any common carrier subject to the provisions of this act Unjust dis-
shall, directly or indirectly, by any special rate, rebate, drawback, or other de- crimination,
vice, charge, demand, collect, or receive from any person or persons a greater or less com-
pensation for any service rendered, or to be rendered, in the transportation of passengers or
property, subject to the provisions of this act, than it charges, demands, collects, or receives
for any other person or persona for doing for him or them a like and contemporaneous service
in the transportation of a like kind of traffic under substantially similar circumstances and
conditions, such common carrier shall be deemed guilty of unjust discrimination, which is
hereby prohibited and declared to be unlawful.
SEC. 3. That it shall be unlawful for any common carrier subject to the Prohibiting
provisions of this act to make or give any undue or unreasonable preference or preferences.
advantage to any particular person, company, firm, corporation or locality, or any particular
description of traffic, in any respect whatsoever, or to subject any particular person, corn-
company, firm, corporation, or locality, or any particular description of traffic, to any undue
or unreasonable prejudice or disadvantage in any respect whatsoever.
Every common carrier subject to the provisions of this act shall, according p , ,...
to their respective powers, afford all reasonable, proper and equal facilities for discrimination
the interchange of traffic between their respective lines, and for the receiving, between con-
forwarding, and delivering of passengers and property to and from their several necting lines
lines and those connecting therewith, and shall not discriminate in their rates and charges
between such connecting lines ; but this shall not be construed as requiring TTSP nf tmcta
1 • • ..I /»• i ••» •••. 3 U OC *J1 I Jill Kb
any such common carrier to give the use of its tracks or terminal facilities to or terminal
another carrier engaged in like business. facilities.
SEC. 4. That it bhall be unlawful for any common carrier subject to the Long and short
provisions of this act to charge or receive any greater compensation intheaggre- haul charges,
gate for the transportation of passengers or of like kind of property under substantially sim-
ilar circumstances and conditions, for a shorter than for a longer distance over the same
line, in the same direction, the shorter being included within the longer distance ; but this
shall not be construed as authorizing any common carrier within the terms of this act to
xiii
XIV
charge and receive as great compensation for a shorter as for a longer distance : Provided,
... however, That upon application to the Commission appointed under the provis-
ma^'refi'eve 'ons °* tu*8 a9t- 8UC^ common carrier may, in special cases, after investigation
carriers from by the Commission, be authorized to charge less for longer than for shorter dis-
operation of tances for the transportation of passengers or property :• and the Commission
lon> may from time to time prescribe the extent to which such designated common
carrier may be relieved from the operation of this section of this act.
Pooling de- SEC. 5. That it shall be unlawful for any common carrier subject to the pro-
clared illegal, visions of this act to enter into any contract, agreement, or combination with
any other common carrier or carriers for the pooling of freights of different and competing
railroads, or to divide between them the aggregate or net proceeds of the earnings of such
railroads, or any portion thereof ; and in any case of an agreement for the pooling ot freights
as aforesaid, each day of its continuance shall be deemed a separate offense.
Publication of SEC. 6. That every common carrier subject to the provisions of this act shall
tariffs. print and keep for public inspection schedules showing the rates and fares and
charges for the transportation of passengers and property which any such common carrier
has established, and which are in force at the time upon its railroads, as defined by the first
section of this act. The schedules printed as aforesaid by any such common carrier shall
plainly state the places upon its railroad between which property and passengers will be
carried, and shall contain the classification of freight in force upon such railroad, and shall
also state separately the terminal charges and any rules or regulations which in any wise
change, affect, or determine any part or the aggregate of such aforesaid rates and fares and
charges. Such schedule shall be plainly printed in large type, of at least the size of ordi-
nary pica, and copies for the u?e of the public shall be kept in every depot or station upon
any such railroad, in such places and in such form that they can be conveniently inspected.
Traffic passing Any common carrier subject to the provisions of this act receiving freight
through for- in the United States to be carried through a foreign country to any place in the
eign countries. United States shall also in like manner print and keep for public inspection, at
every depot where such freight is received for shipment, schedules showing the through
rates established and charged by such common carrier to all points in the United States
beyond the foreign country to which it accepts freight for shipment ; and any freight
shipped from the United States through a foreign country into the United States, the
through rate on which shall not have been made public as required by this act, shall, before
it is admitted into the United States from said foreign country, be subject to customs duties
as if said freight were of foreign production ; and any law in conflict with this section is
hereby repealed.
Ten davs' pub- ^° a<^vance shall be made in the rates, fares, and charges which have been
lie notice of established and published as aforesaid by any common carrier in compliance
advance in with the requirements of this section, except after ten days' public notice, which
shall plainly state the changes proposed to be made in the schedule then in force,
and the time when the increased rates, fares, or charges will go into effect ; and the pro-
posed changes shall be shown by printing new schedules, or shall be plainly indicated upon
Reduction in the schedules in force at the time and kept for 'public inspection. Reductions
rates. in such published rates, fares, or charges may be made without previous public
notice ; but whenever any such reduction is made, notice of the same shall immediately be pub-
licly posted, and the changes made shall immediately be made public by printing new sched-
ules, or shall in mediately be plainly indicated upon the schedules at the time in force, and
kept for public inspection.
Published tar- ^n^ "when any such common carrier shall have established and published
tffi- must be its rates, fares, and charges in compliance with the provisions of this section,
adhered to. \\, shall be unlawful for such common carrier to charge, demand, collect, or
receive from any person or persons a greater or less compensation for the transportation of
passengers or property, or for any service in connection therewith, than is specified in such
published schedule of rates, fares, and charges as may at the time be in force.
Tariffs to be Every common carrier subject to the provisions of this act shall file with
filed with the the Commission hereinafter provided for copies of its schedules of rates, fares,
Commission. ancj charges which have been established and published in compliance with the
requirements of this section, and shall promptly notify said Commission of all changes made
in the same. Every such common carrier shall also file with said Commission copies of all
Contracts and" contracts> agreements, or arrangements with other common carriers jn relation
agreements to to any traffic affected by the provisions of this act to which it may be a party,
be filed with the And incases where passengers and freight pass over continuous lines or routes
Commission, operated by more than one common carrier, and the several common carriers
operating such lines or routes establish joint tariffs of rates of fares or charges for such
continuous lines or routes, copies of such joint tariffs shall also, in like manner, be filed with
Publication of said Commission. Such joint rates, fares, and charges on such contin-uous lines
joint tariffs, so filed as aforesaid shall be made public by such common carriers when
directed by said Commission, in so far as may, in the judgment of the Commission, be deemed
XV
practicable ; and said Commission shall from time to time prescribe tlie measure of publicity
which shall be given to such rates, fares, and charges, or to such part of them as it may deem
it practicable for such common carriers to publish, and the places in which they shall be pub-
lished ; but no common carrier party to any such joint tariff shall be liable for the failure of
any other common carrier party thereto to observe and adhere to the rates, fares, or charges
thus made and published.
If any such common carrier shall neglect or refuse to file or publish its schedules or
tariffs of rates, fares, and charges as provided in this section, or any part of the Methods for
same, such common carrier shall, in addition to other penalties herein prescribed, compelling fll-
be subject to a writ of mandamus, to be issued by any circuit court of the in.?, aud publi-
United States in the judicial district wherein the principal office of said com- catlou of tariffs
mon carrier is situated or wherein such offense may be committed, and if such common
carrier be a foreign corporation, in the judicial circuit wherein such common carrier accepts
traffic and has an agent to perform such service, to compel compliance with tne aforesaid
provisions of this section ; aud such writ shall issue in the name of the people of the United
States, at the relation of the Commissioners appointed under the provisions of this act ; and
failure to comply with its requirements shall be punishable as and for a contempt ; and the
said Commissioners, as complainants, may also apply, in any such circuit court of the United
States, for a writ of injunction against such common carrier, to restrain such common carrier
from receiving or transporting property among the several States and Territories of the
United States, or between the United States and adjacent foreign countries, or between ports
of transhipment and of entry and the several States and Territories of the United States as
mentioned in the first section of this act, until such common carrier shall have complied with
the aforesaid provisions of this section of this act.
SEC. 7. That it shall be unlawful for any common carrier subject to the Prohibiting
provisions of this act to enter into any combination, contract, or agreement, ex- afv^eTfor'noii-
pressed or implied, to prevent, by change of time schedule, carriage in different continuous car-
cars, or by other means or devices, the carriage of freights from being continu- riage.
ous from the place of shipment to the place of destination ; and no break of bulk, stoppage,
or interruption made by such common carrier shall prevent the carriage of freights from
being and being treated as one continuous carriage from the place of shipment to the place
of destination, unless such break, stoppage, or interruption was made in good faith for some
necessary purpose, and without any intent to avoid or unnecessarily interrupt such continu-
ous carriage or to evade any of the provisions of this act-
SEC. 8. That in case any common carrier subject to the provisions of this Liability for
act shall do, cause to be done, or permit to be done any act, matter, or thing in omission or
this act prohibited or declared to be unlawful, or shall omit to do any act, mat- commission,
ter, or thing in this act required to be done, such common carrier shall be liable to the pen-on
or persons injured thereby for the full amount of damages sustained in consequence of any
such violation of the provisions of this act, together with a reasonable counsel or attorney's
fee, to be fixed by the court in every case of recovery, which attorney's fee shall be taxed aud
collected as part of the costs in the case.
SEC. 9. That any person or persons claiming to be damaged by any com- choice of reme-
mon carrier subject to the provisions of this act may either make complaint to dies given to
the Commission as hereinafter provided for, or may bring suit in his or their complainants.
own behalf for the recm-ery of the damages for which such common carrier may be liable
under the provisions of this act, in any district or circuit court of the United States of com-
petent jurisdiction; but such person or persons shall not have the right to pursue both of
said remedies, and must in each case elect which one of the two methods of procedure herein
provided for he or they will adopt. In any such action brought for the re- power to obtain
covery of damages the court before which the same shall be pending may evidence and
compel any director, officer, receiver, trustee, or agent of the corporation or attendance of
company defendant in such suit to attend, appear, and testily in such case, persons.
and may compel the production of the books and papers of such corporation or company
party to any such suit ; the claim that any such testimony or evidence may tend to criminate
the person giving such evidence shall not excuse such witness from testifying, but such evi-
dence or testimony shall not be used against such person on the trial of any criminal pro-
ceeding.
SEC. 10. That any common carrier subject to the provisions of this act, or, Establishing
whenever such common carrier is a corporation, any director or officer 'thereof, penalties.
or any receiver, trustee, lessee, agent, or person acting for or employed by such corporation,
who, alone or with any other corporation, company, person, or party, shall willfully do or
cause to be done, or shall willing^ suffer or permit to be done, any act, matter, or thing in
this act prohibited or declared to be unlawful, or who shall aid or abet therein, or shall will-
fully omit or fail to do any act, matter, or thing in this act required to be done, or shall cause
or willingly suffer or permit any act, matter, or thing so directed or required by this act to
be done not to be so done, or shall aid or abet any such omission or failure, or shall be guilty
XVI
of any infraction of this act, or shall aid or abet therein, shall be deemed guilty of a misde-
meanor, and shall, upon conviction thereof in any district court of the United States within
the jurisdiction of which such offense was committed, be subject to a fine of not to exceed
$5,000 for each offense.
Establishing a SEC. 11. That a Commission is hereby created and established to be known
board of five as the luter-State Commerce Commission, which shall be composed of five Corn-
commissioners, missioners, who shall be appointed by the President, by and with the advice
and consent of the Senate; The Commissioners first appointed under this act shall continue
in office for the term of two, three, four, five, and six years, respectibely, from the first day
of January, anno Domini eighteen hundred and eighty -seven, the term of each to be desig-
nated by the President ; but their successors shall be appointed for terms of six years, except
that any person chosen to fill a vacancy shall be appointed only for the unexpired time of
the Commissioner whom he shall succeed. Any commissioner may be removed by the Presi-
dent for inefficiency, neglect of duty, or malfeasance in office. Not more than three of the
Commissioners shall be appointed from the same political party. No person in the employ
of or holding any official relation to any common carrier subject to the provisions of this act,
or owning stock or bonds thereof, or who is in any manner pecuniarily interested therein,
shall enter upon the duties of or hold such office. Said Commissioners shall not engage in
any other business, vocation, or employment. No vacancy in the Commission shall impair
the right of the remaining Commissioners to exercise all the powers of the Commission.
Authority of the SEC. 12. That the Commission hereby created shall have authority to in-
Commission. quire into the management of the business of all common carriers subject to
the provisions of this act, and shall keep itself informed as to the manner and method in
which the same is conducted, and shall have the right to obtain from such common carriers
full and complete information necessary to enable the Commission to perform the duties and
carry out the objects for which it was created ; and for the purposes of this act the Commis-
sion shall have power to require the attendance and testimony of witnesses and the produc-
tion of all books, papers, tarilfs, contracts, agreements, and documents relating to any matter
under investigation, and to that end may invoke the aid of any court of the United States in
requiring the attendance and testimony of witnesses and the production of books, papers,
and documents under the provisions of this section.
U. S. Courts And any of the circuit courts of the United States within the jurisdiction
fiadan°c™Ibefore °^ w^'ca such inquiry is carried on may, in case of contumacy or refusal to
the Commis- obey a subpoena issued to any common carrier subject to the provisions of this
sion. act, or other person, issue an order requiring such common carrier or other
person to appear before said Commission (and produce books and papers if so ordered) and
give evidence touching the matter in question ; and any failure to obey such order of the
court may be punished by such court as a contempt thereof. The claim that any such testi-
mony or evidence may tend to criminate the person giving such evidence shall not excuse
such witness from testifying; but such evidence or testimony shall not be used against such
person on the trial of any criminal proceeding.
Roads to have SEC. 13. That any person, firm, corporation, or association, or any mercan-
statement of tile, agricultural, or manufacturing society, or any body politic or municipal
charges against organization complaining of anything done or omitted to be done by any com-
mon carrier subject to the provisions of this act in contravention of the pro-
visions thereof, may apply to said Commission by petition, which shall briefly state the facts,
whereupon a statement of the charges thus made shall be forwarded by the Commission to
euch common carrier, who shall be called upon to satisfy the complaint or to answer the same
Eoad may make in writing within a reasonable time, to be specified by the Commission. If
reparation. such common carrier, within the time specified shall make reparation for the
injury alleged to have been done, said carrier shall be relieved of liability to the complainant
only for the particular violation of law thus complained of. If such carrier shall not satisfy
the complaint within the time specified, or there shall appear to be any reasonable ground for
investigating said complaint, it shall be the duty of the Commission to investigate the matters
complained of in such manner and by such means as it shall deem proper.
_ . . Said Commission shall in like manner investigate any complaint forwarded
may institute in- by the railroad commissioner or railroad commission of any State or Territory,
quiry on its at the request of such commissioner or commission, and may institute any
own motion. juquiry on its own motion in the same manner and to the same effect as though
complaint had been made.
No complaint shall at any time be dismissed because of the absence of direct damage to
the complainant.
. . to SEC. 14. That whenever an investigation shall be made by said Commis-
make'reports sion, it shall be its duty to make a report in writing in respect thereto, which
of its investi- shall include the findings of fact upon which the conclusions of the Commis-
gation. sion are based, together with its recommendations as to what reparation, if
XV11
any, should be made by the common carrier to any party or parties who may be commission's
found to have been injured ; and such findings so made shall thereafter, in all findings as
judicial proceedings, be deemed prima facie evidence as to each and every fact evidence,
found.
All reports of investigations made by the Commission shall be entered of Reports to be
record, and a copy thereof shall be furnished to the pariy who may have com- entered of
plained, and to any common carrier that may have been complained of. record.
SEC. 15. That if in any case in which an investigation shall be made by Power Of com_
said Commission it shall be made to appear to the satisfaction of the Commis- missiou'to re-
sion, either by the testimony of witnesses or other evidence, that anything has quire repara-
been done or omitted to be done in violation of the provisions of this act, or of
any law cognizable by said Commission, by any common carrier, or that any injury or
damage has been sustained by the party or parties complaining, or by other parties aggrieved
in consequence of any such violation, it shall be the duty of the Commission to forthwith cause
a copy of its report in respect thereto to be delivered fto such common carrier, together with a
notice to said common carrier to cease and desist from such violation, or to make reparation
for the injury so found to have been done, or both, within a reasonable time, to be specified
by the Commission ; and if, within the time specified, it shall be made to ap- Re]jef from
pear to the Commission that such common carrier has ceased from such liability after
violation of law, and has made reparation for the injury found to have been reparation,
done, in compliance with the report and notice of the Commission, or to the satisfaction of
the party complaining, a statement to that effect shall be entered of record by the Commis-
sion, and the said common carrier shall thereupon be relieved from further liability or
penalty for such particular violation of law.
SEC. 16. That whenever any common carrier, as defined in and subject to Power of U. S.
the provisions of this act, shall violate or refuse or neglect to obey any lawful courts to
order or requirement of the Commission in this act named, it shall be the duty o^th
of the Commission, and lawful for any company or person interested in such e
order or requirement, to apply, in a summary way, by petition, to the circuit court of the
United States sitting in equity in the judicial district in which the common carrier complained
of has its principal office, or in which the violation or disobedience of such order or require-
ment shall happen, alleging such violation or disobedience, as the case may be ; and the said
court shall have power to hear and determine the matter, on such short notice to the common
carrier complained of as the court shall deem reasonable ; and such notice may be served on
such common carrier, his or its officers, agents, or servants, in such manner as the court shall
direct ; and said court shall proceed to hear and determine the matter speedily as a court of
equity, and without the formal pleadings and proceedings applicable to ordinary suits in
equity, but in such manner as to do justice in the premises; and to this end such court shall
have power, if it think fit, to direct and prosecute, in such mode and by such persons as it
may appoint, all such inquiries as the court may think needful to enable it to form a just
judgment in the matter of such petition ; and on such hearing the report of said Commission
shall be prima facie evidence of the matters therein stated ; and if it be made to appear to
such court, on such hearing or on report of any such person or persons, that Remedies
the lawful order or requirement of said Commission drawn in question lias been which the court
violated or disobeyed, it shall be lawful for such court to issue a writ of in- may aPP'y-
junction or other proper process, mandatory or otherwise, to restrain such common carrier
from further continuing such violation or disobedience of such order or requirement of said
Commission, and enjoining obedience to the same; and in case of any diso- p ,t . - .,
bedience of any such writ of injunction, or other proper process, mandatory or Un- or neglect,"
otherwise, it shall be lawful for such court to issue writs of attachment, or to obey orders
any other process of said court incident or applicable to writs of injunction or of the court.
other proper process, mandatory or otherwise, against such common carrier, and if a corpora-
tion against one or more of the directors, officers, or agents of the same, or against any
owner, lessee, trustee, receiver, or other person failing to obey such writ of injunction or other
proper process, mandatory or otherwise ; and said court may, if it shall think fit, make an
order directing such common carrier or other pe^on so disobeying such %vrit of injunction or
other proper process, mandatory or otherwise, to pay such sum of money not exceeding for
each carrier or person in default the sum of five hundred dollars for every day after a day to
be named in the order that such carrier or other person shall fail to obey such injunction or
other proper process, mandatory or otherwise ; and such moneys shall be payable as the court
shall direct, either to the party complaining, or into court to abide the ultimate decision of
the court, or into the treasury ; and payment thereof may, without prejudice to any other
mode of recovering the same, be enfo'Ced by attachment or order in the nature of a writ of
execution, in like manniT a? if the same had been recovered by a final decree in personam in
such court. When the subject in dispute shall be of the value of two thousand dollars or
more, either party to such proceeding before said court may appeal to the Su- Appeal to the
preme Court of the United States, under the same regulations now provided U. S. Supreme
by law in respect of security for such appeal ; but such appeal shall not operate Court.
B
XV111
to stay or supersede the order of the court or the execution of any writ or process thereon ;
and such court may, in every such matter, order the payment of such costs and counsel fees
as shall be deemed reasonable. Whenever any such petition shall be filed or presented by
the Commission it shall be the duty of the district attorney, under the direction of the At-
torney-General of the United States, to prosecute the same ; and the costs and expenses of
such prosecution shall be paid out of the appropriation for the expenses of the courts of ihe
United States. For the purposes of this act, excepting its penal provisions, the circuit
courts of the United States shall be deemed to be always in session.
Commission to SEC. 17. That the Commission may conduct its proceedings in such man-
regulate the ner as will best conduce to the proper dispatch of business and to the ends of
proceedings justice. A majority of the Commission shall constitute a quorum for the
transaction of busine.-s, but no Commissioner shall participate in any hearing
or proceeding in which he has any pecuniary interest. Said Commission may, from time to
time, make or amend such general rules or orders as may be requisite for the order and
regulation of proceedings before it, incmding forms of notices and the service thereof, which
shall conform, as nearly as may be, to those in use in the courts of the United States. Any
party may appear before said Commi.-sion and be heard, in person or by attorney. Every
Proceedings to vote an(^ official act of the Commission shall be entered of record, and its pro-
be public upon ceedings shall be public upon the request of either parry interested. Said
request. Commission thall have an official seal, which shall be judicially noticed.
Either of the members of the Commission may administer oaths and affirmations.
Salaries of SEC. 18. That each Commissioner shall receive an annual salary of $7,500,
Commissioners payable in the same manner as the salaries of judges of the courts of the
and employees. United States. The Commission shall appoint a secretary, who shall receive
an annual salary of $3,500, payable in like manner. The Commission shall have authority to
employ and fix the compensation of such other employees as it may find necessary to the
the proper performance of its duties, subject to the approval of the Secretary of the Interior.
Fees and mile- The Commission shall be furnished by the Secretary of the Interior with
age of suitable offices and all necessary office supplies. Witnesses summoned before
witnesses. tne Commission shall be paid tlve same feea and mileage that are paid witnesses
in the courts of the United States.
Expenses of the All of the expenses of the Commission, including all necessary expenses
Commission, for transportation incurred by the Commissioners, or by their employees under
their orders, in making any investigation in any other places than in the city of Washington,
shall be allowed and paid, on the presentation of itemized vouchers therefor approved by the
chairman of the Commission and the Secretary of the Interior.
General and SEC. 19. That the principal office of the Commission shall be in the city of
special sessions Washington, where its general sessions shall be held ; but whenever the con-
of the venience of the public or of the parties may be promoted or delay or expense
lon' prevented thereby, the Commission may hold special sessions in any part of the
United States. It may, by one or more of the Commissioners, prosecute any inquiry neces-
sary to its duties, in any part of the United States, into any matter or question of fact per-
taining to the business of any common carrier subject to the provi^ons of this act.
Annual reports SEC. 20. That the Commission is hereby authorized to require annual re-
to be made to ports from all common carriers subject to the provisions of this act, to fix the
the Commis- tjme ancj prescribe the manner in which such reports shall be made, and to
require from such carriers specific answers to all questions upon which the
Commission may need information. Such annual reports shall show in detail the amount of
capital stock issued, the amounts paid therefor, and the manner of payment for the same ;
the dividends paid, the surplus fund, if any, and the number of stockholders ; the funded
and floating debts and the interest paid thereon ; the cost and value of the carrier's property,
franchises, and equipment ; the number of employees and the salary paid each class ; the
Details to be amounts expended for improvements each year, how expended, and the charac-
shown iu ter of such improvements ; the earnings and receipts from each branch of busi-
annual reports. ness a]u(| from all sources ; the operating and other expenses ; the balances of
profit and loss ; and a complete exhibit of the financial operations of the carrier each year, in-
cluding an annual balance-sheet. Such reports shall also contain such information in
relation to rates or regulations concerning fares or freights, or agreements, or arrangements,
or contracts with other common carriers, as the Commission may require ; and the said
Power of Com Commission may, within its discretion, for the purpose of enabling it the better
to carry out the purposes of this act, prescribe (if in the opinion of the Com-
mission to pre
scribe uniform
ity in accounts
visions of this act shall have, as near as may be, a uniform system of accounts, and the man-
ner in which such accounts shall be kept.
mission it is practicable to prescribe such uniformity and methods of keeping
accounts) a period of time within which all common carriers subject to the pro-
XIX
SEC. 21. That the Commission shall, on or before the first day of December Commission to
in each year, make a report to the Secretary of the Interior, which shall be by reportsToThe
him transmitted to Congress, and copies of which shall be distributed as are Secretary of
the other reports issued from the Interior Department. This report shall con- the Interior,
tain such information and data collected by the Commission as may be considered of value in
the determination of questions connected with the regulation of commerce, together with
such recommendations as to additional legislation relating thereto as the Commission may
deem necessary.
SEC. 22. That nothing in this act shall apply to the carriage, storage, or handling of
property free or at reduced rates for the United States, State, or municipal governments, or
for charitable purposes, or to or from fairs and expositions for exhibition thereat, vr the
issuance of mileage, excursion, or commutation passenger tickets ; nothing in this act shall be
construed to prohibit any common carrier from giving reduced rates to ministers of religion ;
nothing in this act shall be construed to prevent railroads from giving free persons and
carriage to their own officers and employees, or to prevent the principal officers of property may
any railroad company or companies from exchanging passes or tickets with ^e Ciir^d fr^e
other railroad companies for their officers and employees ; and nothing in this Charges under
act contained shall in any way abridge or alter the remedies now existing at certain circum
common law or by statute, but the provisions of this act are in addition to such stances,
remedies ; Provided, That no pending litigation shall in any way be affected by this act.
SEC. 23. That the sum of one hundred thousand dollars is hereby appro- Appropriation,
priated for the use and purposes of this act for the fiscal year ending June thirtieth, anno
Domini eighteen hundred and eighty-eight, and the intervening time anterior thereto.
SEC. 24. That the provisions of sections eleven and eighteen of this act, Act takes effect,
relating to the appointment and organization of the Commission herein provided for, shall
take effect immediately, and the remaining provisions of this act shall take effect sixty days
after it.« passage.
Approved, February 4th,rto take effect April 5th, 1887.
Commissioners appointed under the foregoing act :
THOMAS M. COOLEY, of Michigan, Chairman, for the term of six years.
WILLIAM R. MORKISOK, of Illinois, for the term of five years.
AUGUSTUS SCHOONMAKER, of New York, for the term of four years.
ALDACE F. WALKEK, of Vermont, for the term of three years.
WALLER L. BRAGG, of Alabama, for the term of two years.
EDWABD A. MORELY, Secretary.
Office : Washington, D. C.
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r
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S' 10 o c- to <N to1** tf: op oe? <?* <N IQ o oS'in'oa cj Q 92 3J
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XXIV
1CCC
to 02 X s: a* » « x 10
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XXVI
RANGE OF STOCK AND
DESCRIPTION OP BONDS.
January.
February.
March.
April.
Allegheny Valley 7s Income Coupon 1894 (Phila.). ... ...
High. Low.
High. Low.
High. Low.
High. Low.
Allegheny Valley 7$,s Reg. Coupon 1896 (Phila.)
120 — iifti
103} — 101}
119} —
105 —
125 —
l66' —
128 —
100 —
110 —
119
102}
124.V
"98"
125}
95}
108}
120 — 120
105} — 104}
124} — 124}
105 — 105
102 — 100}
128} — 126}
102 — 100
109} — 109}
105} — 104$
126 — 123}
105 — 104
100$ — 100}
128 — 127
101 — 99}
109} — 108}
Atchison, Cororado and Pacific 1st 6s (N. Y.)
Atch , Top &S Fe Land Grant 1900 7s (Bost.)
Atch., Top. and Santa Fe Mort. 1909 5s (Bost.)
102} — 102}
97 — 95
1254 — 124}
95 — 94
1084 — 105}
Atchison, Topeka and San ta Fe 1920 44s (Bost.)
Atchison, Topeka and Santa Fe, 1st 7s (Bost.)
Atchison, Topeka and Santa Fe, Plain 1920 5s (Bost.)
Atchison Topeka and Santa Fe Trust 6s (Bost.)
Atchison, Top. & Santa Fe. So. Kansas & West., 1st 7s (Bost.)
Atchison, Topeka & Santa Fe, Pueblo & Ark. Val.,lst7s (Bost.)
Atchison, Topeka & Santa Fe, Kan. City L.and So.,lst6s(Bost.)
Atchison, Topeka & Santa Fe, N. Mex.& So. Pacificist 7s(Bost.)
Atlanta and Charlotte, 1st 7s 1907 (Balto.)
124 — 122}
i234 — i23'
120 — im
100} — 98
90 — 844
26} — 23}
89} — 84|
26} — 25?
112 — 108}
109} — 109}
127 —
114 —
126 —
125 —
1064 —
88 —
25}-
87}-
25}-
110} —
110 —
120
112
126
1201
102
83}
21}
85}
23}
109}
109}
127} — 125}
128} — is?'
125} — 124}
1074 — lOf'4
87} — 82}
24 — 20}
86} — 80'.
24 — 20}
112 — 110
111$ — 110
127} — 126}
125" — 125
105 — 105
89 — 87
24} — 21}
80} — 84}
24 — 22
110} — 110
Atlanta and Charlotte, Income 6s (Balto.)
Atlantic and Pacific, W. Div., 1st 6s (N. Y.)
Atlantic and Pacific, W. Div., Income 6s (N. Y.).
Atlantic and Pacific, 1st S. F. 6s (Bost.)
Atlantic and Pacific, Income 1910 (is (Bost.)
Baltimore & Ohio, Pitts. & Connellsville, Guar. 5s 1925 (N. Y.)
Bait. & Ohio, Pitts. & Connellsville, Guar. 5s 1925 Reg. (N. Y.)
Belvidere Delaware, 1st, 6s (Phila ) ...
Belvidere Delaware, 3d 1887 7s (Phila.)
104} - 104}
102 -
102
102 — 102
40 — 36
108 — 105
40 — 40
111 1094
110 — 110
'35' — "35"
104 — 103
40 — 40
110} - 109$
106} — 105
Buffalo, N. Y. & Philadelphia, P. T. &B. Coup., 1896 7s (Phila.)
Buffalo, N. Y. & Philadelphia, War. & P., 1st 1896 7s (Phila.).
Buffalo. N. Y. & Philadelphia, Un. & Titus., 1st 1890 7s (Phil.)
Burlington, Cedar Rapids and Northern, 1st 5s (N. Y.)
110 — 108
40 — 40
109 — 108}
103 — 101
108 —
108 —
108 —
108
103
107}
Bur., Cedar Rap. & Nor., Island Col. Trust 19:34 Con. 5s (N. Y.)
Camden and Amboy, 6s Rfig Coupon 1889 (Phila.)
Camden and Amboy, 6s M Coupon 1899 (Phila.) . .
1094 — 109
105} — 103}
87f- 84
130 — 128
1104 — 105f
68 — 604
109} —
108 —
93} —
130 —
110} —
71 —
68} —
80 —
113 —
112| —
1144 —
1104 —
114 —
109
105}
86}
128}
106
67
68}
66}
111"
107}
108i
1074
105
110} — 109}
108 — 105|
91} — 84
130 — 130
111 — 110}
69 — 67}
'83} — '78
113} — 112}
115 — 112
119 — 112
112 — 110
113} — 110
90 — 90
lift} 110}
Canada Southern, 1st Mort. 5s 1908, Guar. (N. Y.)
107 — 105}
83} — 85
130 — 130
110} — 109
68 — 66
(it; — 66
84 — 78}
114} — 110}
114 — 1124
115} — 114}
111} — 108}
112 — 111
Canada Southern, 2d Mort. 5s 1913 (N. Y.)
Catawissa, New 7s (Phila.)
Central Iowa, Coupons of 1st 7s (N. Y.)
Central Iowa, Eastern Division, Jst 6s (N. Y.)
Central Iowa, Illinois Division, 1st 1912 6s (N. Y.)
Central of New Jersey, Conv. Debenture 6s (N. Y.) . . .
Central of New Jersey, 1st 1890 7s (N. Y.)
66 — 63
113 — 112
107$ — 106
110 — 107}
108 — 107
105} — 103
Central of New Jersey, Concol. Assented 7s (N. Y.)
Central of New Jersey, Cbnv. Assented 7s (N. Y.)
Central of New Jersey, Adjustment 7s (N. Y.)
Central of N. J., Lehigh & Wilkes-Barre, Cons. Ass. 7s (N. Y.)
Central of N. J., Lehigh & Wilkes-Barre, Income 7s (N. Y.) .
Central of N. J., Amer. Dock & Improvement Co. 5s (N. Y.)..
Central Ohio, 1st 1890 6s (Bait.)
92 — 89
110 — 110
114} — 112}
112 — 107}
100} — 100
105} — 104|
110 — 109
115 — 114
110 — 110
105} — 103}
88 — 795
100 — 99
38} — 34
93} — 88}
118 — 1174
122} — 122
96} —
111}-
116 —
112 —
104 —
106} —
111 —
116 —
112 —
114 —
84 —
41} -
95} —
120 —
122} —
90}
110}
114"
112
104
105}
111
114}
112
107}
81}
100
36}
91
120
122
97} — 95
109 — 108}
116 — 115
112 — 112
104} — 103
107} — 106}
113 — 112}
116} - 115}
113 — 113
113 — 110
84}-76
103 — 102
39} — 35
98 1 — 95}
121 — 119
97} — 93}
108} — 108}
116} — 114$
103} — 103}
103} — 103
79} — 68
100 — 99
36f — 29
97 — 96
120 — 120
124 — 124
Central Pacific, Gold 6s (N. Y.)
Central Pacific, San Joaquin Branch, 6s (N. Y.)
Central Pacific, Cal. and Oregon, 6s (N. Y.)
Central Pacific, Land Grant 6s (N. Y.)
Central Pacific, Western Pacific 6s (N. Y.)
Charlotte, Columbia and Augusta, 1st 7s (N. Y.)
Charlotte, Columbia and Augusta, 2d 7s (N. Y.)
Chesapeake and Ohio, Series A. 6s (N. Y.)
Chesapeake and Ohio, Series B. 6s, Coupon off (N. Y.)...
Chesapeake and Ohio, Mort. 191 1 6s (N. Y.)
Chesapeake and Ohio, Cur. 6s (N. Y.)
Chesapeake, Ohio and Southwestern. 5s and 6s (N. Y.)
Chicago and Alton, 1st 7s (N. Y.). . .
Chicago and Alton, Sinking Fund 6s (N. Y.) . . ..
Chicago and Alton, La. and Missouri River, 1st 7s (N. Y.) . . .
Chicago and Alton, St. Louis J. and Chicago, 1st 7s (N. Y.)
119 — 118
1184 — 118}
111 — 110
96} — 96}
121 — 121
107} — 107
133} — 133}
90 — 94
issi- — 135"
110} — 109
100} — 100}
99} — 99}
99 — 98
ii-i' — iii'
13(i — 136
127 — 125
•131 — 1:33
U':U -• 123
127} — 126
Chicago, Burl. & Quincy, Burl. & Mo. Riv. Land Gr. 7s (Bost.)
Ch., Burl. & Qn., Burl. & Mo. Riv.In.Nel>.Non.Ex.lst6s (Bost.)
Ch., Burl. & Quincy, Burl. & Mo. River, In. Neb. 1910 4s (Bost.)
Ch.,Burl.<feQuint;y)Bur].&Mo.Riv.,In.Neb.Exempt 1st 6s(Bost.)
Chicago, Burlington & Quincy, Republican Valley, 6s (Bost.) .
Chicago, Burlington and Quincy, 1st 1903 7s (Bost.)
Chicago, Burlington and Qiiincy, Southwest. Div.,S.F.4s(Bost.)
Chicago, Burlington & Quincy, Sinking Fund 5s of 1901(Bost.)
Chicago, Burlington and Quincy, Consol. 7s (N. Y.)
118} — 118
109 — 108
95 — 93}
120 — 119
107} — 107}
135} — 13.-)"
94 — 93}
108 — 108
138 — 134
108} — 107
1(XH — 99}
1004 — 100}
98} — 97
116} — 115
112} — 110
135J — 135
129 — 1~>84
130} — 130
123} — 1224
118} —
108} —
120} -
118
108}
120
118} — 118|
110 — 108}
97} — 96}
121 — 120}
'%} —
110} —
137} —
108}
'94}
110}
136|
107J
100J
98
97}
117
112}
134
125
131}
123
123}
130
135 — 133}
96} — 95}
111 — 110}
136} — 134
110 — 108}
102} — 102}
100} — 99
100} — 98}
122 — 120
119 — llf>}
135} — 132
120 — 126
132 — 132
124} — 122
127 — 125
132 — 131}
Chicago, Burlington and Quincy, Debenture 5« (N Y )
Chicago, Burlington and Quincy, Iowa Division 4s (N. Y.)
Chicago, Burlington and Quincy, Denver Div., 1922 4s (N. Y.).
Chicago, Burlington and Quincy. Denver Div., 19224s (Bost.)
Chicago and East Illinois, 1st S. F. 6s (N. Y.)
103 —
100} —
99} —
118 -
115 —
134 —
125 —
132} —
124 —
127} -
130 —
Chicago and East Illinois, 1st Consol. Gold 6s (N. Y.)
Chicago, Milwaukee and St. Paul, 1st P.D. 1898 8s (N. Y.)
Chicago, Milwaukee and St. Paul. 2d P. D. 1898 7-As (N. Y.)...
Chicago. Milwaukee and St. Paul, 1st Gold 7s (N. Y )
Chicago, Milwaukee and St. Paul. 1st Lacrosse Div. 7s (N. Y.).
Chicago, Milwaukee and St. Paul, 1st I. and M. Div. 7s (N.Y.)
Chicago, Milwauke e an'! St. Paul, 1st I. and D. Div. 7s (N. Y.)
XXV11
BOND VALUES— Continued.
May.
June.
July.
August.
September.
October.
November.
December.
Year.
High. Low.
123} — 122
105 — 102
125} — 125}
106 — 106
101* - 100>
127} — 126|
994 — 98
108} - 108
111* — 121*
126| — 126J
113} — 113}
129 — 127
125 — 124
105 — 105
88 — 831
24 — 20*
85} — 83
22 — 21*
112 — 109}
111} — 111}
IRgh. Low.
12 — 12
ios' — 104*
126} — 125}
107 — 107
102 — 102
127* — 127
100 — 99
109* — 108}
High. Low.
21} — 13}
122 — 122
106* — 106
126 — 1251
107| - 107f
101} — 100*
127} — 127}
99} — 99|
109} — 109
113j _ H3|
Iliqh. Low.
22} — 20
122* — 122*
106 — 105}
126 — 126
107} — 105
100} — 100}
128 — 120*
99 — 97}
108} — 108}
High. Low.
22* — 22
122 — 122
10.H — 105*
High. Low.
22 — 21
121* — 121*
106 — 106
1231 — 122
102* — 101
High. Low.
22 — 22
121 — 121
106 — 106
122 — 122
High. Low.
24 — 23
167' — ioe'
123 — 123
High. Low.
24 — 12
123} — 119
107 — 101*
126 — 122
1071 — 101
102 — 95
128* — 123*
102 — 94
110 — 105*
HSi — 111*
127} — 122}
114 — 1111
129 — 123
126* — 117*
107* — 98
90* — 82*
31} — 20}
891 — 80*
31 — 20}
114 — 108}
113} — 109}
119} — 115
104} — 101
40 — 34
109 — 103
40 — 27
111 — 106
110 — 98
108 — 105*
110} — 105*
1(18} — 103}
95 — 84
132} — 128
111 — 84
75 — 66
70 — 66
924 — 63
114* — 107
118 — 106
120 — 105
111} — 105
114* — 103
100 — 90
103 — 89
111} — 106
118} — 112*
112 — 107}
106 — 100
107* — 102*
116 — 109
117 — 114
113 — 110
114 — 103}
88 — 60
103 — 94*
41* — 25
102 — 94
121} — 117
125 — 121
124 — 120
122 — 116*
119 — 115
111 — 108
98 — 93J
125 — 119
107* — 106
135} — 131}
96* — 90
111 — 108
138 — 132*
110} — 105
103 — 99}
101} — 97*
lOOf — 97
122 — 115
119 — ilO
136* — 132
129 — 125
134} _ 180
125 — 120
127* — 122*
132 — 124*
99 — 98*
1254 — 124
98* — 98*
109 — 108*
99 — 99
123} — 12:3*
98 — 98
109 — 108*
99 — 97
125 — 124*
98 — 96
109 — 108}
125' — 124}
98* — 96
109} — 108
128* — 127*
126* — 123*
106| — 104*
88} — 87
24 — 22*
86 — 84}
23J — 23
114 — 112
128 — 127
113 — 112
128 — 127}
125 — 124}
107 — 105*
87* — 84*
52 J — 2H
85} — 83*
21* — 21
114 — 1134
113} — 112*
127} — 126
125 — 125
125 — 125
112 — 1111
125 — 124*
124i — 124"
104* — 104
88* — 85f
31}- 254
86* — 83}
30* — 26
111} — 110}
124 — 124
1121 — 112}
127 — 1244
124 — 1224
103* — 103*
90 — 864
31 — £7}
87 — 834
31 — 28"
111* — 110*
i24* — i24
113 — 113
125} — 124*
124 - 1204
104 — 103|
90* — 85
30} — 24
87* - 85
30* — 25*
111 — 109*
128* — 127*
125?- — 125}
106* — 106
a5* — 83
25* — 22
85* — 82
25* — 22}
112 — 111
126 — 124*
124* — 122*
107 — 107
86 - 84J
28 — 23
84 — 82}
274 — 23}
111* — 111
110 — 110
119 — 119
101} — 101}
34 — 34
119} — 119}
lOlf — 101}
ioif — ioii
115 — 115
103 — 103
35 — 35
102 — 102
101 — 101
35 — 35
164} - iosi
iii' — iio'
105J — 105}
106 — 105
30 — 27
109 — 107
107* — 106
114 — 105}
109 — 109
105 — 105
30 — 30
108} — 107*
ioe' — ioe'
108* — 107
10G* — 104}
94* — 90
128 — 128
108 — 106
70 — 70
109* — 108*
103i — 102*
109 — 108
101* — 98
109 — 108
99} — 99}
108* — 107
108* — 108
107 — 105}
941—93
ioe} — ic4'
75 — 75
109 — 108}
104} — 994
10I>* — 105*
105* — 105*
107} — 106}
95 — 93}
129} — 129}
104 — 90
70 — 70
106J — 106
103} — 102
ioe} — iosi
108 — 106
95 — 91
129* — 129*
90* — 84
70 — 70
108 — 107
107i — 106
88* — 84}
132} — 131|
'86* — '794
111 — 110*
115} — 11H
115* — 112*
111 — 110
113* — 110
108} — 107*
108} — 107*
93 — 88
108} — 108
107* — 106
94* — 91*
108} — 107}
107} — 104
95 — 91}
130 — 130
109* — 108}
'eo' — 'eg'
88} — R5*
112* — 112*
117 — 116
116 — 114*
107* — 105
113* — 113
95 — 95
103 — 99}
110 — 109}
115} - 114*
110} — 109
70 — 68
70 — 68
88 — 82*
111} — 111
118 — 114*
119* — 115}
108 — 105
118 — 111*
109 — 106}
70 — 70
69 — 69
90 — 87*
112 — 111*
117} — 117
120 — 118
105} — 103}
114* — 113*
100 — 100
102J — 99
109} — 109}
115* — 113f
112 — 112
101} — 101*
105* — 104}
114 — 114
114} — 114*
92 — 87
112* — 112}
117 — 115
119 — 115
107* — 106
111* — 111
92* — 81
112* — 107
116} — 106}
118* — 107*
107} — 105}
111 — 106
63} — 79
108* — 107
109 — 107
109 — 107*
107* — 105
112 — 110
831 — 78
108* — 108
1061 — 106
108 — 105
106* — 105
110 — 108
99* — 96}
108} — 108*
117* - 1154
1104 — no*
104 — 104
103* — 103
115 - 112}
115* — 115}
99} — 98
109* — 109
118} — 117}
lllf — lllf
104} — i04*
116 — 115
117 — 116
102 — 99*
107 — 107
115} — 114*
100* — 95}
107 — 1064
116} — 115
112 — 112
103 — 103
103} — 102*
113 — 113
115 — 115
111 — 111
99$ — 99
107 — 106*
116* — 115}
112 — 112
103 — 103
103} — 102}
114 — 114
115* — 115*
99 — 97
106} — 106
117 — 115}
ios} — io2i
iie — iie'
ios' — io4J
106 — 106
105} — 105
iis} — iis'
108f — 106*
72 — 60
98 — 94*
30 — 25
95} — 94
122 - i2l"
110 — 106}
74* — 69
99 — 98
32* — 28*
97* — 95*
121} — 121}
123 — 123
109 — 108}
77* - 62
99 — 98*
32 — 30
101 — 994
117 — 117
ii6 — 109}
81 - 76}
100} — 99
34 — 30
99 — 96
110 - 110
78* - 75*
100* — 100
32 — 28}
99} — 97
118 — 117
123 — 123
108* — 108
78* .. 75*
98} — 96*
32* — 30
100* — 99
117* — 117*
125 — 125
'78} — '76'
99} — 97*
34} — 32
102 — 100
118* — 118
125 — 125
120 — 120
117 — 116*
115 — 115
110 — 110
93* — 92
121 — 120
106} — 306}
132* — 132
108 — 107'A
77} - 75*
99 — 97
33 — 28}
104 — 103
118$ — 118
124 — 121
1221 — 122J
117 — 117
116 — 116
110 — 109
96 — 95
120 — 120
1(16 — 106
132* — 131}
91 — 90
109 — 109
135 — 134}
107} — 105
99} — 99}
984 — 98}
971- 97
124 — 124
122 — 121}
119 — 119
110 — 109
97| — 96*
125 — 125
107* — 107*
134 — 134
954 _ 954
111 111
120} — 120}
122 — 122
119 — 118
109* — 109
119* — 119
118* — 118*
110} — 110}
98 — 96
123 — 121"
107* — 1(17}
134 — 133
93 — 93
119* — 119*
118} — 118*
118 — 118
110 — 109*
117 — 117
110 — 110
94* — 94
121 — 121
97} — 97}
123 — 123
107* — 107*
134} — 134
94* — 94*
i06* — 106*
133* — 132
95* — 95}
122} — 121
132 — 131}
95 — 95
132 — 131}
94 — 93*
136 — 1354
108} — 10(4
101 — 100*
lOOf — 99*
99} — 98f
122 - 122
114 — 112
136* — 1.35}
127* — 126*
134} - 134
124} — 122*
138 — 137*
109 — 108
101* — 100}
100} — 100
99* — 99
135 — 134
109* — 108*
102} — 101*
101} — 101}
100 — 99
116 — 116
134* — 133
108* — 105
102} — 102*
99 — 99
1004 — 98
1321 — 132}
107J — 105
101} — 101}
99* — 97*
98 — 97
133 — 132*
108 — 106}
100 — 99*
i)9} — 97*
98} — 974
116* 1164
135 — 134}
107* — 105}
99} — 99*
99* — 99
98* — 97}
113} — 113
128' — 128'
i'iV — 124'
126} — 126}
113 — 112
isi* — isii
122 — 120}
124 — 123*
112 — 110}
134 — 134
126* — 126*
134* — 134*
121* — 121*
123* — 122*
124* 124*
115* — 112
i2s' — 125'
134 — 134
123 — 121
123 — 123
115} - 110*
133* — 133
126 — 125*
134 — 133f
122 — 121
124} — 123
115 — 114
134 — 133*
126 — 126
iai' — 120J
124 — 123*
115 — 115
134 — 134
134' — iml
121 — 120
124 — 124
xxvm
RANGE OF STOCK AND
DESCRIPTION OP BONDS.
January.
February.
March.
April.
Chicago, Milwaukee and St. Paul, 1st C. and M. Div. 7s (N. Y.)
Chicago, Milwaukee and St. Paul, Consol. 7s (N. Y.)
High. Low.
131 — 130
130 — 128}
129 — 125*
115* — 115*
107 — 105
117 — 114*
125 — 124
121 — 120
103J — 103
103* — 102
103J — 102
102* — 101}
115 — 114*
Hirjh. Low.
131 — 131
132 — 131
131 — 129}
217 — 116}
lis' — iif
124* — i2i'
106* — 103}
105 — 104
105* — 103}
105* — 102*
Hir/h. Low.
133 — 132
ia3 — 131}
133 — 131*
121 — 118}
106* — 106
119 — 116i
129 — 128
122* — 121*
lort — 104*
107 — 106
106} — 104*
106* — 103*
119 - 119
108 — 108
120 — 119*
143 — 142}
136 — 135*
I2i' — 126"
High. Low.
133* — isi*
132* — 132
119} — 119*
107 — 107
118 — 117
128 — 127*
io7' — iosj
ioG* — ioe'
106* — 104}
ioe* — ioe'
118* — 118*
143 — 142
136* — 135
135} — 135
121 — 118
Chicago, Milwaukee and St. Paul, 1st I. and D. Ext. (N. Y.). . .
Chicago, Milwaukee and St. Paul, 1st So. W. Div. 6s (N. Y.) . .
Chicago, Milwaukee and St. Paul, 1st LaC. &Dav.Div.5s(N.Y.)
Chicago, Milwaukee and St. Paul, So. Minn. Div. 6s (N. Y.).. .
Chicago, Milwaukee and St. Paul, 1st H. and D. Div. 5s (N. Y.)
Chicago, Milwaukee and St. Paul, Ch. and Pac. Div. 6s (N. Y.)
Chicago, Milwaukee and St. Paul, Ch. & Pac.W. Divs.5s (N.Y.)
Chicago, Milwaukee and St. Paul, Mineral Point, 5s (N. Y.).. .
Chicago, Milwaukee and St. Paul, Wis. and Min. Div.,5s(N.Y.)
Chicago, Milwaukee and St Paul, Terminal, 5s (N. Y.)
Chicago, Milwaukee and St. Paul, Fargo and So.,Ass.6s(N.Y.)
Chicago, Milwaukee and St Paul Western Div., 5s (Bost.)
Chicago, Milwaukee and St. Paul, Dubuque Div., 7s (Bost.)...
Chicago and Northwestern, Consol. 7s (N. Y.)
142 — 140
133} 130
142* — 141
135 — 133
133} — 133
120 — 118
Chicago and Northwestern, Gold Coupon Reg. 7s (N. Y.)
Chicago and Northwestern, Sinking Fund Coupon 6s (N. Y.). .
Chicago and Northwestern, Sinking Fund Con. Reg. 6s (N. Y.)
Chicago and Northwestern, Sink. Fund Coup. 5s 1879 (N. Y.)..
Chicago and Northwestern, Sink. Fund Reg. 5s of 1879 (N. Y.).
Chicago and Northwestern, Sink. Fund Deb. 5s of 1933 (N. Y.)
Chicago and Northwestern, 25 yrs. Debentures, 1909 5s (N. Y.).
Chicago and Northwestern, Chic, and Milwaukee, 1st 7s (N.Y.)
Chicago and Northwestern, Winona & St. Peter, 1st 7s (N. Y.)
Chicago and Northwestern, Winona & St. Peter, 2d 7s (N. Y.).
Chicago and Northwestern, Ott., C. F. and St. Paul 5s (N. Y.).
Chicago, Rock Island and Pacific, Exten. and Col. 5s (N. Y.) . .
Chicago, Rock Island and Pacific, Coupon 6s (N. Y.)
133 — 133
117* — 117*
117 — 117
112 — 110
167' — ios'
106* — 104*
126* — 105
103} — 103
126* — 126*
107} — 106
110* — 109
130* — 128}
131} — 130
111 — 111
113 — 112
122 — 118*
126 — 125
126} — 125
43* — 41
24* — 21
103 — 101*
73* - 72
126* — 123
125* — 123.1
124 — 124
105 — 101*
128 — 128
109* — 109*
93} — 92
109* — 108
95 — 88J
86} — 85
133* — 133
115 — 113}
119* — 118
118* — 118
138* — 136}
112 — 110}
111* — 111*
108 — 106*
107* — 106}
126* — 126|
104 — 104
130 _ 130
109 — 109
112 — 111}
132* — 131*
132 — 131
110} — 110
115} — 114}
122 — 120
128} — 128}
129 — 127
43 — 40*
23} — 23
106* — 103
74*- 71*
127 — 127
113 — 111*
J09J. jo7
108* — 107*
ioi} — 104
ios' — io7*
112* — 112
133 — 132
132J — 131}
113 — 113
117 — 116
122 — 120*
130 — 12fl*
180 — 128
43* — 40
23 — 19*
106* — 105*
75* — 71*
128 — 128
128 — 127*
108} — 108
108 — 107*
109 — 108*
109 — 107£
133 — 133
1041 — 104f
135 — 132
108* — 108
112 — 111*
133 — 132*
13;'* — 132*
109* — 108*
117 — 116
123 — 120*
130 — 129*
126 — 125*
40* - 34*
17 — 16f
106} — 105
69* — 62J
128 — 128
127 — 127
128 — 128
102} — 100*
131 — 130
'95' — '92'
112} — 112
98* — 97
89* — 86*
132 — 131*
114} — 114
119} — 119
119 — 119
Chicago, Rock Island and Pacific, Reg. 6s (N. Y.)
Chicago, Rock Isi. and Pac., Keokuk and Des Moines 5s (N.Y.)
Chicago, St. Louis and New Orleans, Con. 5s of 1951 (N. Y.) . .
Chicago, St. Paul, Minneapolis & Omaha, Con. 1930 6s (N. Y.).
Chic./St. P., Minn. & Omaha, Ch., St. P. & M., 1st 6s (N. Y.).
Chic., St. P., Minn. & Omaha, St. Paul & Si. City, 1st 6s(N. Y.)
Cincinnati, Washington and Baltimore, 3d 3s (Bait.)
Cincinnati, Washington and Baltimore, 1st Income (Bait.)
Cincinnati, Washington and Baltimore, 1st 4}s (Bait )
Cincinnati, Washington and Baltimore, 2d 5s (Bait.)
Cleveland, Col., Cin. and Indianapolis, 1st S. F. 1899 7s (N. Y.)
Cleveland, Col., Cin. and Indianapolis, Consol. 7s (N. Y.)
Cleveland, Col., Cin. and Indianapolis, Consol. 8. F. 7s (N. Y.)
Cleveland, Col., Cin. and Indianapolis, Gen. Con. 6s (N. Y.). ..
Cleveland and Pittsburgh, Sinking Fund 7s (N. Y.)
Cleveland and Pittsburgh, 4th 6s (N. Y.)
105 — 102
109} — itl9}
95 — 91
112 — 109}
98f — 95
94 — 86
132 — 129
115 — 1131
121 — 120
119 — 119
139* — 138*
104} — 100
131 — 129
110 — 110
98* — 94
112 — 111*
100} — 98
92 — 83
133 — 133
115 — 114
120* — 120
is~* — ise'
Colorado Coal and Iron Co.. 1st Consol. 6s (N. Y.)
Columbia and Greenville, 1st 6s (Bait.)
Columbia and Greenville, 2d6s 1926 (Bait.)
Columbus, Hocking Valley and Toledo, Con. 5s 1939 (N. Y.)...
Delaware and Bound Brook, 1st 7s Coupon 1905 (Phila.)
Delaware and Hudson Canal Co., 1st 1891 7s (N. Y.)
Delaware and Hudson Canal Co., Coupon 1894 7s (N Y.)
Delaware and Hudson Canal Co., Reg. 1894 7s (N. Y.)
Delaware and Hudson Canal Co., Penn. Div. Coupon 7s (N. Y.)
Delaware and Hudson Canal Co., Penn. Div. Reg. 7s (N. Y.) .
Delaware and Hudson Canal Co., Albany & Snsq. 1st 7s (N. Y.)
Delaware & Hud. Canal Co., Al. & Susq.lst Con.Guar 7s (N.Y )
Del. & Hud. Canal Co., Al. & Susq.,lst Con.Guar.6sCou.(N.Y.)
Del. &Hud. Can. Co.,Al.&Susq.,l8tCon.Gnar.6sCo.Reg.(N.Y.)
Delaware, Lackawanna & Western, Mortgage 1907 7s (N. Y.). .
Del., Lackawanna & West.. Syracuse, Bin.&N Y , lst7s(N Y )
Del., Lacka. & West., Morns & Essex, 1st M. 7s of 1899 (N. Y.)
Del., Lacka. & Western, Morris & Essex, 2d M. of 1891 (N. Y.)
Delaware, Lackawanna & Western, 1871 7s (N. Y.)
107} — 107
130 — 128}
119 — 117*
118 — 118
138 — 138
133* — 133}
142} — 141*
117 — 114
1281 — 128*
132" — 130
131 — 125
109 — 10(5}
116 — 114*
92f — 88}
88* — 88}
78*- 72*
107* — io7*
133 — 132
122 — 119
108 — 108
135 — 133}
123 — 121*
108* — 108*
131} — 131
121* — 120
139 — 133
137* — 135
146 — 143
115 — 114
130 — 128}
134 — 131}
130* — 129*
108* — 107
120 — 115}
93* — 89
88 — 88
76 — 73
75 — 75
85* — 82
122} — 120
73 — 68}
71* — 70*
80} — 76|
79} — 78}
22* — 19}
18? — 135*
145* — 145*
114} — 114
133 — 131
135 — 134
132* — 130}
110 — 107}
121 — 1171
93} — 92}
97* — 95
83}- 74}
81 — 74
89 — 88
124 — 122}
75 — 72
70} — 70*
82* - 79*
83 — 78}
80*- 17*
130! — 136*
133 — 133
145* — 145
114} — 114
129* — 128
135* — 134*
131 — 131
110 — 108}
122} — 119
100* — 98
98 — 97
78} — 75
77* — 76
89 — 76
121* — 121*
'73' — '72*
80} — 80
83 — 76*
22* — 18}
20* - 19*
Delaware, Lackawanna & Western, Consol. Guar. 7s (N. Y.). . .
Delaware, Lackawanna & Western, N. Y. & L. W.lst 6s (N. Y.)
Delaware. Lackawanna & Western, Construction 5s (N. Y.)
Denver and Rio Grande, 1st 7s (N. Y.)
Denver and Rio Grande Trust Co., Certificates Cons. 7s (N. \ .)
Denver and Rio Grande. Consol. 7s (N. Y.)
Denver, Rio Grande and Western, 1st 6s (N. Y.)
Denver, Rio Grande and Western, 1st 6s Assented (N. Y.)
Denver. South Park and Pacific, 1st 7s (N. Y.)
81 — 80
118* — 118*
69* — 61}
"77" — '68*
'aij — 'is*
East Tennessee, Virginia and Georgia, 1st 7s (N. Y.)
E. Tennessee, Vir. & Georgia. Ex. Coup. 9 to 12 (N. Y.)
E. Ten.. Vir. & Georgia, Ex. Coup. 9 to 12 Trust Certs. (N. Y.)
East Tennessee, Virginia and Georgia, Consol. 5s (N. Y.)
E. Ten., Virginia and Georgia. Trust Certs. Consol. 5s (N. Y.).
East Tennessee, Virginia and Georgia, Income 6s (N. Y.)
E. Ten., Vir. & Georgia, Income Eng. Trust Certificates (N.Y.)
E. Ten., Virginia and Georgia, Consol. Gold 5s 1956 (N. Y.)
XXIX
BOND VALUES— Continued.
May.
June.
July.
August.
September.
October.
November.
December.
Year.
High, Low.
132* — 133
134 — 132}
133 — 133
120 — 119*
10S* — 108*
1194 — 117}
129 — 1271
1231 — 121*
110 — 105^
1084 — 1064
109 — 105}
107} — 104
High. Low.
High. Low.
High. Low.
134 — 134
132} — 131*
i-ii' — 126'
High. Low.
m" — i§6'
131 — 131
120* — 1204
109* — 108
118 — 116
126 — 126
122 — 122
108 — 106J
107 — 105
107| — 106}
105* — 103
High. Low.
132 — 132
133 — 130
130 — 129
119 — 119
109 — 109
117} — 115*
127 — 125}
High. Low.
132' — i32'
133 — 130
118* — 118*
109} — 108
117* — 116
127* — 126
High. Low.
131 — 131
132* — 130
133} — 1324
1194 — 1194
iis* — iis'
128} — 128}
119 — 119
109} — 108
167$ — io7*'
105* — 104*
High. Low.
134 — 130
136 — 128}
134* — 125*
121 — 115}
109} — 105
120} — 114*
131 — 124
124* — 119
111 — 103
108* - 1C2
109* — 102
108} — 101}
119 — 114*
112 — 106
120 — 118
143* — 140
140 — 130
137 — 130*
121 — 115
120 — 116
112 — 108
1114 _ 107
110* — 105
109 — 104*
133 — 105
104} — 101
135 — 126*
111 — 106
112* — 109
140 — 128}
137 — 130
113 — 108
120* — 112
126* — 118*
130 — 125
130 — 125
47* — 29J
33 — 14*
106| — 101*
85 — 59*
128 — 123
134 — 123*
128 — 124
110* — 100
131 — 125}
110* — 108
101* — 92
115* — 108
104* — 88
94 — 82
134 — 129
115* — 110
121 — 115*
120* — 118
144} — 136
141 — 140*
109 — 107
135 — 128}
124 — 117*
119* — 118
140 — 135*
137* — 131*
146 — 140*
117 — 112}
133 — 125
138 — 130
133 — 125
113 — 106}
124 — 114}
115 — 88}
98 — 88
85$- 72*
83* — 72
89 - 72
126 — 118*
91 — 61}
92 — 70}
101 — 68}
103* — 76*
22* — 17|
29*- 17}
99j _ 94^
136 — 134
1344 — 1344
121 — 121
1094 — 1094
121 — 119
131 — 129*
iii' — io9f
i09* — 108}
108} - 107
133 — 131
132 — 1314
119} — 119i
120} — 119}
127 — 127
121 — 120
108} — 107*
106} — 106*
107} - 106}
105* — 105
118* 118*
120 — 118
128 — 128
121 — 121
108} — 107
108' — i07}
105} — 104*
107* — 107*
108 — 106*
107* — 106*
105} — 104*
108* — 107*
108 — 1064
107* — 107}
107 — 104}
112 — 108}
120 — 118}
135' — 134'
i2o' — iig'
120 — 120
110 — 110
119* — 119
142* — 142}
136 — 134
13-i* — 133*
120 — 120
iis* — iis'
142 — 141
135 — 1:33
133 — 133
120 — 120
108} — i08}
120 — 118£
142 — 141
134 — 133
134 — 133
115* — 115
108} — 108}
119 — 119
140} — 138}
135 — 1334
134 _ 134
116 — 115
119' — iis*
141 — 1394
131} — 130}
131} — 130*
117 — 117
116 — 116
110 — 108*
119 — list
142 — 1414
140 — 136
137 — 137
120 — 118
118 — 118
110 — 108}
119} — 118f
143* — 142*
135* — 134
135 — 134*
120 — 119
111 — 109*
112 — 111
112 — 108
109} — 108
109 — 108
107 107
108* — 108
107} — 105}
106} — 106
127 — 127
1044 — 104i
132 — 132
1104 — no
113 — 111}
136 — 134
135 — 135
109* — 108J
117 — 1164
126 — 123"
127} — 127}
126} — 1254
82* — 29i
14* — 144
104 — 102}
63 — 59i
124 — 123"
109* — 108
108} — 106}
110* — 109}
109 — 108*
110* — 108*
108 — 107*
125 — 125
110 — 108*
108 — 1074
124 — 124
101} — 101
110* — 108}
108* — 107*
108 — 1074
107} — 106*
108* — 107
108 — 107J
.... — ....
101* — 101*
101$ — 101*
102J - 102J
i29* — 129'
110 — 109
112 — 111
138 — 188
109 — 109
112* — 1124
137 — 132}
136 — 136
110 — 110
119 — 117
124 — 122
127} — 127}
129 — 126
36 — 314
19 — ia
105 — 104}
684 — 614
125 — 125
127 — 1254
126 126
ii2} — iioi
135 — 133
134 — 134
iig' — iig'
124 — 123
127* — 127*
128* — 125
41 — 35
21} — 18
106 — 105
70 — 66|
111 — 111
110$ — 1104
136 — 13»i
140 — 140
110 — 110
120* — 120
124} — 120
129 — 128*
128* — 127*
38 — 36
21 - 19
105} — 104*
70 — 68
125 — 125
131 — 131
108 — io74
111 — 110
109 — 109
111 - 110
140 — 137*
109 — 109
111} — 111
139* — 138
137 135
110 — 110
117 — 116
126* — 123
129 — 129
128 — 128
44 — 374
31 — 21
106 — 104}
78* — 694
134' — i34
110 — 109
117} — 116}
126 — 123}
129* — 128
127 — 125
43 — 41
31} — 274
105* — 105
77} - 73*
126 — Ii6
i25* — i25*
108 — 106*
109 — 109
117} — 116
125* — 124
126 — 126
126* — 125}
47* — 41*
33 — 27
103| — 102|
83 — 76
124 — 123
133* — 133*
124 — 124
109} — 108
109* — 108
118 — 115
122* — 121
126 — 126
'47* — '45}
31 - 28*
1034 — 103
85 — 82}
iaoj. — iso*
iio* — io94
126 — 126
104 — 101
1284 — 1274
*96' — '96'
113 — 112
97} — 96
89 — 83
132| — 132^
115* — 115*
119* — 119
120* — 1194
139 — 1384
109 — 103}
106* — 104*
107* — 104*
130 — 130
107* — 1044
130 — 125}
iio* — iio*
994 — 95
115* — 112}
101 — 97}
90 — 88
134 — 154
126' — 120'
110 — 110
100} — 98
114 — 113
1044 — 1004
88* — 87
134 — 133
113} — 113}
120 — 120
1094 — 109*
98} — 95
115 — 1144
104 — 1024
88* - 85
129* — 129*
112} — 112}
109 — 109
97} — 96
ios' — 102}
85* — 84}
130 — 130
111* — 110}
119} — 119}
108 — 108
98 — 95*
1124 — 111
98 — 95
87* - 82
ii2} — iio}
115} — 115*
101* — 98
113 — 112}
98} — 97
89} — 86
130 — 130
113| — 112}
116* — 115*
101 — 97*
113* — 110
97 — 88
87} — 81
130 — 130
113 — 110
119 — 116*
140 — 139
142 — 142
144} — 144
140* — 140
140* — 140*
141 — 140*
141 — 141
133} — isif
120} — 120
119 — 119
137 — 137
134* - 134}
142* — 142
1144 — H44
129 — 128}
137 — 136
131* — 130
110 — 110
1194 — 118
1004 — 964
96 — 96
76 — 73
72 — 72
80* — 72
124 — 122
74 — 74
79 — 734
80*- 80}
87} - 80}
204 — 17}
20}- 17}
109 — 109
134 — 134
124 — 124
1064 — 106*
124 — 124
"
134 — 134
134 — 134
122* — 120
i32 — i.32
119* — 118f
133 — 133
120 — 119*
119* 118*
133 — 133
120 — 119*
140 140
137 — 136f
137} — 137}
131* — 131*
142 — 1404
113 — 112f
128 — 127
135 — 133*
130 — 128}
110 — 108
119} — 118*
iis' — ii4'
131 - 131
135* — 133*
133 — 1314
113 — 112}
121 — 119*
109 — 100*
143 — 142
117 — 116
131* — 131*
137* — 135
13U — 130
112J — 112
123* — 120
1124 — 108
ii4* — 143
113f — 113
145 _ 143J
113 — 112*
145 _ i44
113} — 112*
126* — 125
138 — 136
130 — 128|
109 — 108
124 — 123
113 — 109*
142* — 141*
113* — 112}
126* — 125
138 — 137
130 — 130
108J — 108
120 — 118
115 — 112*
137} — 133
131* — 1314
110* — 109
122* — 118}
Jll* — 107
136 — 134*
129* — 128
109 — 1084
121* — 120}
113 — 108
79 - 75
77 — 74}
82* — 75
126 — 122*
80 — 80
86} — 79*
86f - 75}
83i — 75*
81* — 81*
122 — 122
85 — '77*
81 — 77
81 — 80
122 — 122
91 — 91
82} — 80
79} — 78
82* — 75
82* — 76
78 — 74
85 — 83*
123 — 123
82 — 77.
78* — 76*
84*— 81*
80 — 75
76* — 76
84 — 831
124 — 123
86* - 86*
92 — 894
95} — 95
101* — 97f
91 — 91
101 — 101
1034 — 99
96 — 87*
97} — 94}
25 — 20}
25|- 23f
28 — 24*
29* - 25|
97 — 94*
.... — ...
.... —
...
97} — 95f
99} — 97
93} — 97
XXX
RANGE OF STOCK AND
DESCRIPTION op BONDS.
January.
February.
March.
April.
Eastern (Mass.), 1906 6s (Bost.)
Utah. Lmv.
124 — 1214
102* — 99
113 — 111*
105 — 103
116 — 116
High. Low
127 — 123*
106* — 102
114} — 113
Hiqh.. Lmv.
129 — 128
103 — 100*
116 — 114^
108} — 108|
Hlqh. Low.
128 — 126
104 — 101*
117 — 115*
109 — 108
Elizabethtown, Lexington and Big Sandy, 1st 6s (N. Y.)
Evansville and Terre Haute, Consol. 6s (N. Y.)
Evansville and Terre Haute, Mr: Vernon, 1st 6s (N. Y.)
Flint and Pere Marquette, Mortg 6s (N. Y.)
Fort Worth & Denver City, 1st 6s (N Y ) .
89 — 81
120 — 115
114 — 114
1084 — 108
93* — 92
81 — 80
106 — 105
80* — 80
26 — 25
121 — 119*
104* — 102
90} — 83
58* — 55
101 — 98
90* — 87*
121 — 118f
112* — 111
113 — 108*
97 — 92£
83 — 81f
109J — 108*
90 — 87*
32 — 24
123* — 121
105* — 102*
88 — 86
58 — 55j
100* — 98*
101 — 100
120 — 120
92i — 88
123* — 123*
il9* — 115'
100* — 96J
87* - 85
112 — 110
98 — 93*
42T — 32
120} — 119*
105 — 103*
89* — 87
59 — 56
99* — 97*
100* — 100
90 - 87
123J — 122
115 — 115
119 — 113
101 1 — 99*
88 — 87*
ioi* — '96'
42 — 38
1*U - 120
105* — 104
80 — 77
56} — 51
97| — 97
100} — 100
120* - 120*
103 — 100
104 — 102
37* — 33
88 — 85
107* — 104
118 — 117*
89 — 88
106 — 104
Freeraont, Elkhorn and Missouri Valley, 7s (Bost.)
Galveston Harrisburg and San Antonio, 1st 6s (N Y )
Galveston, Harrisburg and San Antonio, 2d Mortg. 7s (N. Y.). .
Galveston, Harrisbnrg and San Antonio, W. Div. 1st 5s (N. Y.).
Galv., Harrisburg & San Anionio, 3d M. West. Div. 6s (N. Y.).
Georgia Pacific 1st 1922 (js (Bait )
Green Bay, Winona and St Paul, 1st 6s (N Y )
Green Bay. Winona and St Paul, 2d income 8s (N. Y.)
Hannibal and St Joseph, Consol 6s (N Y )
Houston and Texas Central, 1st Main Line, 7s coup, off (N. Y."
Houston and Texas Central, 2d Main Line, 8s (N. Y.)
Houston and Texas Central, Gen Mortg 6s (N. Y )
Houston and Texas Central, 1st Western Div. co. off 7s (N. Y.]
Houston and Texas Central, W. & N. Div., coup, off 7s (N. Y.)
Indiana, Bloomington and Western, 1st 7s Pref. (N. Y.)
Indiana, Bloomington and Western, 1st 1909 5s and 6s (N. Y,).
Indiana, Bloomington and Western, Eastern Div., 6s (N. Y.)..
Indiana, Bloomington and Western, Consol. Income 6s (N. Y.)
Indiana, Bloomington and Western, 2d M 1909 (N Y.)
100 — 95
100 — 98
41* — 35
84 — 79}
101 — 99
115* — 114
88 — 84*
104$ — 104J
117| - 117*
124' — i22
110* — 109}
95} — 92
33* — 28
99 — 91
116 — 116
101 — 97
103} — 100
41* — 37}
86* — 84
103 — 98*
118* — 117
96 — 88
105* — 104*
120 — 117
100* — 100*
127 — 125
111} — 110*
95f — 94}
27} — 24
107 — 99}
119 — 118
129 — 129
124* — 124*
131 — 129}
130 — 129*
123 — 122J
123 — 122*
102* — 100}
105* — 101
41} — 33
90 — 86
107* — 103
118* — 117
92 — 84
105* — 105
Indianapolis, Decatur and Springfield, 1st Ex fund. Cou.(N.Y.)
International and Great Northern, 1st 6s (N. Y.)
International and Great Northern, Coupon 1909 6s (N. Y.)
Kansas Cit v, Clinton and Sprinfield, 5s (Bost.)
Kansas City, Fort Scott and Gulf, 1st 7s (Bost.)
Kansas City, Fort Scott and Gulf, Equipment 6s (Bost.)
Kansas City, St. Joseph and Council Bluffs, 1st 7s (Bost.)
Kansas City, Springfield and Memphis, 6s (Bost.)
125* — 125J
111 — 110
94 — 92
25* — 23
05 — 100
127' — 126"
111* — 110
96* — 93
24* — 24*
102 — 101
Lake Erie and Western, 1st 6s (N. Y.)
Lake Erie and Western, Income 7s (N. Y.)
Lake Erie and Western, Lat. B. and M. 1st 6s (N. Y.)
Lake Shore and Michigan Southern, Clev., P. & Ash. 7s (N.Y.)
Lake Shore and Michigan Southern, Buff.& Erie, New 7s (N.Y.)
Lake Shore and Michigan Southern, Lake Sh., Div. 7s (N. Y.).
188} — 128}
126 — 125*
131* — 130*
131* — 130*
24* — 122|
124 — 123
122* — 122
122 — 122
128' — 127*
124| — 123
124* — 123*
Lake Shore and Michigan Southern, 1st, Con. Coup. 7s (N. Y.).
Lake Shore and Michigan Southern, 1st Beg. Cons. 7s (N. Y.).
L_ake Shore and Michigan Southern, 2d Coup. Con. 7s (N. Y.).
Lake Shore and Michigan Southern, 2d Reg. Consol. 7s (N. Y.).
Leavenworth, Topeka and Southwestern, 4s (Bost.)
130} — 127
130 — 127*
123 — 119}
12rf* — 11 9J
75 — 75
Lehigh Coal and Navigation, RR. Loan Reg. 189? (Phila.)
119 — 119
118* — 118*
118* 117}
120 — 119
120 — 119
132 — 132
126 — 126
126 — 126
41 — 140
136* — 136
36 — 135}
115 — 115
119" — iisj
132 — 130
141 ' — i46'
135 — 133
135* — 135*
Lehigh Coal and Navigation, Reg Coupon 1897 (Phila )
118 116}
Lehigh Coal and Navigation, Reg. 1911 Consol. 7s (Phila.)...
Lehigh Valley, 1st 6s Coupon 1898 (Phila.)
130 — 129
124 — 124
125 — 125
131 — 129*
125 — 125
i43' — 142"
135 — 134
135* - 133*
Lehigh Valley, 1st 6s Reg. 1898 (Phila.)
Lehigh Valley, 2d 7s Reg. 1910 (Phila.)
141 — 140*
135 — 130
135 131
Lehigh Valley, Consol. 6s Reg. 1923 (Phila.)
Lehigh Valley, M. 6s Coupon 1923 (Phila.)
Lehigh Valley, Eastern and Amboy, 5s (Phila.)
112 — 112
Little Rock and Fort Smith, L. G., 1st 7s (Bost.)
118 — 113*
124 — 124
118* - 117*
128 — 127*
114 — 114
104* — 99}
125 - 124
110 — 109
89 — 84}
116 — 115
106* — 104
104* — 102
90* — 88
108 — 106
92} — 91*
80 — 80
118 — 116*
110* — 109
49* — 43*
11*- 9t
84 — 80
84 — 80
131 — 130*
111* — 110
110 — 108
115 — 110*
94 — 91*
117 — 114*
101* — 101
96 — 91|
83 — 78*
118* — 116J
130 — 127
114* — 114
104 — 101*
125 — 124
90' — '89'
116 — 115*
108* — 106|
105 — 103
95* — 92
110 — 106*
90f — 90*
115} — 113
ii2} — iig'
102} — 101
121* — 121
110 — 108
90 — 88
116* — 116
107* — 105J
104} — 102*
94* — 91
112 — 109
90* — 90*
Long Island, 1st 7s (N. Y.)
Long Island, 1st Consol. 5s (N. Y.)
H2£ _ 108
Louisville and Nashville, Trust Bonds 1922 6s (N. Y )
lOOf — 98
Louisville and Nashville, Consol. 7s (N. Y.). ..
124* — 124*
Louisville and Nashville, Cecilian Branch, 7s (N.Y.)
109 — 109
89 — 86
115 — 115
105* — 100*
Louisville and Nashville, Pensacola Div., 1921 6s (N. Y.).. .
Louisville and Nashville, C., H. and Nash., 1st 6s (N. Y.) . .
Louisville and Nashville, Gen. Mortg. 6s (N. Y.) •
Louisville and Nashville, N. O. and Mob., 1st 6s (N. Y.) ... .
103j — 100
90 — 88
106 — 100*
91* — 91*
80 — 80
117* — 115
109* — 108*
51*- 4-'*
13* - 12*
86 — 81*
86* — 83
131 — 128}
Louisville and Nashville, N. O. and Mob., 2d 6s (N. Y.)
Louisville, New Albany and Chicago, 1st 6s (N. Y.)
Louisville, New Orleans and Texas, 1st 5s (N. Y.)
Manhattan Beach Co., Limited 7s (N. Y.)
Metropolitan Elevated, 1st 6s (N. Y.)
iis — ii7*
113 — llli
49* — 40
10* - 8*
84 — 70}
82 — 70
132 — 131
111* — 110
108 — 108
118 — 116
97 — 94*
118 — 116
103} — 101|
95* — 89}
82 — 76*
118 — 117*
113* — 112*
42-40
8* — 8
72 — 70
71 — 68
133 — 132
110* — 110*
109* — 108J
103* — "97"
120 — 117
103* 103|
Metropolitan Elevated , 2d 1889 6s (N. Y.)
Mexican Central, 1911 7s (Bost.)
Mexican Central, Income 3s (Bost.)
Mexican Central, Scrip (Boat.)
Mexican Central, Debenture 10s (Bost.)
Michigan Central, 1st Consol. 7s (N. Y.)
Michigan Central, 1st Consol. 5s (N. Y.j
111 - 107
09* — 107*
111 — 106}
91* — 88
114* — 112*
01 — 100
92} — 88
79} — 75
Michigan Central, 1931 Coupon 5s (N. Y.)
Milwaukee, Lake Shore and Western, Mich. Div., 6s (N. Y.). . .
Milwaukee, Lake Shore and Western, Income 68 (N. Y.)
Milwaukee, Lake Shore and Western. 1st 6s (N. Y.)
Milwaukee and Northern, 1913 1st 6s (N. Y.). . .
Missouri, Kansas and Texas, Gen. Con. 6s (N. Y.)
94i — 91
80* — 75*
Missouri, Kansas and Texas, Gen, Con. 5s (N Y ) ....
BOND VALUES- Continued.
May.
June.
July.
August.
September.
October.
November.
December.
Year.
High. Low.
127 — 124J
104* — 102-4
117 — 115*
109 — 109
High. Low.
130* — 129
109 — 103*
120* — 116*
109} — 109}
High. Law.
128 — 128
109 — 108
117* — 117
High. Low.
128 — 125
110 — 108|
117} — 117
High. Low.
127 — 125
109 — 1C6*
116* — 116
High. Low.
128* — 127
109 — 108
116* — 116
High. Low.
135* — 127}
109 — 108}
118} — 118
112} — 112}
High. Low
129* — 128
108 — 107}
118* — 118
High, Low.
130* — 121*
110 — 99
120* — 111*
112} — 103
1S2* — 116
95* — 81
126 — 115
116 — 106*
119} — 108
103 — 92
94 — 80
112* — 105
107* — 80
42} — 24
125 — 119*
114* — 102
95 — 76
73* — 50
109 — 97
105 — 100
120* — 116
104* — 88
105} — 89
41} — 21}
90 — 66*
108 — 98*
119 — 114
96 — 84
106* — 103
120 — 115
101* — 100*
127* — 122
111} — 109
110 — 92
40 — 20
111 — 91
119 — 114
129 — 121*
126 — 121*
134* — 127
132* — 127
127 — 119*
125 — 119*
85 — 75
120 — 118
120* — 115}
132 — 129
126 — 122*
126 — 123
148* — 140
138 — 130
138 — 131
116 — 112
118* — 113
130 — 119
115} — 108
107 — 98
125 — 117
113 — 107*
96 — 84
116* — 112
109* — 100*
107} — 100
97 — 88
120 — 100*
92} — 90}
90 — 80
123 — 115
113} — 108*
51} — 35}
13} - 5*
86 — 55
86* — 55
133 — 126*
111* - 107
110 — 107}
120* — 106}
107 — 88
121* — 112*
104 — 100
105* — 88
93* — 72*
122* — 122}
86* — 83*
126 — 120*
111 — 111
114 — 114
100* — 98*
90* — 90f
109 — 109
120 — 120
85* - 83*
121 — 121
110 — 107
115 — 114
102} — 100}
93} — 92*
ii9* — ii9*
90 — 83
122 — 121
109* — 109*
119* — 119
95* — 90
123 — 119|
120} — 120
91} — 85}
120 — 120
106* — 106}
90 — 83* 86 — 83*
124* — 124*1125* — 125}
115 — 115 116 — 116
118 — US 116 — 116
98* — 97j 98} — 98
90 — 87} 91* — 90
110 — 110 112* — 110
105 — 100 106 — 104
40 — 87* 39} — 36}
121} — 121* 123| — 122J
113} — 1U4| 113* — 110
93 — 76 94* — 88
70 — 50 69 — 64
104* — 95* 107* — 107
87 — 83
123 — 123
iisj — iisj
99 — 97}
90* — 89
110* — 109}
107* — 106
39* — 37}
124* — 123*
113* — 112}
92 — '89*
71 — 66
108* — 104
105 — 105
116 116
103 — 102
93* — 93*
110 — 110
101 — 100*
94 — 93*
111 - 110}
100* — 99*
94 — 94
111 — 110}
92 — 87*
41 — 36}
121* — 120
114 — 110
95 — 89
73* - 67}
109 — 104
i20' — 119*
94* — 91
94 — 90
33} — 28
82* — 78
106 — 106
116* — 116
95 — 90
105 — 104
115 — 115
41* — 39
123* — 122
114* — 110*
9-1* — 94
70* — 65
104 — 102
105 — 105
40J — 39
125 — 120
111* — 110}
'65' - '64'
105 — 104
38 — 38
103 — 121
111* — 109
86 — 82
64 — 64
104* — 100
102 — 102
39 — 36}
122* — 121*
111} — 110*
90 — 87*
68 — 63
105 — 101*
104 — 104
118 — 116*
97 — 93*
95* — 91*
31} — 29
86* — 79*
106 — 106
116* — 114*
95 — 92*
103* — 103
119 — 119
i<M* — i66
104* — 102*
35 - 31
85 — 85
107 — 105*
115} — 114
88} — 861
105i _ 105.J
118* — 118*
104 — 101*
103 — 100*
37* — 30
85 — 84
107 — 106
118* — 116*
92 — 85
106 — 106
101} — 8!)*
97* — 89
31} — 21}
83 — 66*
107 — 106
'92* — '89*
106* — 104*
99* — 88
95 — 92
31} — 27
77-75
07 — 107
18 — 118
92* — 90}
05* — 104*
98 — 97*
92 — 90
33 — 26
75 — 70*
108 — 105*
118 — 118
89* — 88
105* — 105
119 — 119
97 — 90
93* — 90*
33 — 2(i*
79 — 72
108 — 108
119 — 116
94 — 88}
ii?' — iis'
1C1* 101*
1126} — 126J
111 — 110*
195 — 93}
23}- 23}
101 — 100
11C* — 116*
124£ — 124*
123 — 123
132} — 130*
129} — 129}
127 — 124
125 — 122*
80 — 80
i2l' — \\9
126' — 126'
143' _ iii'
136 — 133*
121;* — 127
111 — 110}
96 — 95
26* — 2(1
100 — 100
117 — 117
127} — 127*
110 — 109
96 — 95
23 — 22*
100* — 99*
118 — 118
iii' — iio'
96* — 95
26* — 20
103 — 100
127* — 127*
110* — 110
105 — 96i
34* — 22*
105 — 102
127* — 127*
110} — 110*
104* — 104}
30 — 30
104 — 102*
127 — 126
110* — 110
103 — 102}
40 — 35
108 — 103
114* — 114
124 — 124
136* — iso'
128* — 127
127 — 125*
126 — 125
110} — 110
110 — 105
39} — 35
111 — 106
114 _ 114
124 — 124
123} — 123
130} — 129
129 — 128*
124 — 122*
123* — 122*
iis* — iis'
119} — 115}
12C* — 129*
122* — 122*
123} — 123}
145 — 143
135 — 134
135 — 135
125} — 122*
136' — iso
i24} — i24'
124} — 124
120' — 120
120 — 118
130 — 130
i25* — 125}
144} — 140
136 — 136
121* — 121*
121* — 121*
131 — 129}
T29 — 128
125* — 125
134* — 132}
132* - 130
125 — 123
124* — 124*
121 — 130
131 — 129
125 — 124*
129* — 129
131 — 129*
124* - 124
124 — 123
85 — 85
119 — 119
120* — 119
130 — 130
126 — 125}
125 — 125
148* — 146
138 - 137
138 — 138
116 116
82 — 82
119} — 118
121 — 117
131 — 130
123* — 122*
124 — 124
1431 — 143
135' — 133*
135 — 133*
iis' — iis'
118* — 117*
130 — 130
125* — 125*
125 — 125
144 — 142*
137 — 136
186 — 136
82} — 82}
119 — 119
120 — 119|
130 — 130
126 — 126
126 — 126
i37* — iS6
137 — 137
116 116
iio' — iig'
119} — 117}
132 — 132
126 — 124*
126 — 123
142 — 141
138 — 137
138 — 138
115 — 113*
116 — 115*
118 — 115
117 _ 114
122 — 122
115 — 114*
105* — 103*
122 — 120
115* — 113}
iii*' — ii2*
104 — 102
121* — 121
116* — 116
121 — 119
113} — 113j
105* — 103*
118 — 118
116 — 116
116 — 114*
112| — 111}
102} — 100
1201 — 117
107* — 107*
167' — ios*
102 — 9b
91 — 89
110} — 108
113 — 112
102f - 98
120} — 119}
113 — 113
85 — 82*
114* — 112
105* — 102*
104* — 100
90} — 88
120 — 110
115 — 114
104* — 1011
122* — 120
114} — 112
107 — 105
118* — 118*
112 — 111
115} — 115}
105* — 103*
120 — 118}
90 — 85
116 — 115
107 — 104
104 — 101}
93 — 86
116 — 115
89* — 88
89* — 88}
95 — 89
115 — 113*
109* — 107
106 — 105
93} — 93}
111* — 110*
96 — 93
109* — io9
107* — 105}
96 — 94
111* — 110*
96 — 92*
114 — 114
108} — 100*
107} — 107
97 — 96
111* — 109
107* — 105
104| — 103}
94 — 91*
114 — 113}
107 — 105*
105 — 103
93} — 93}
111 — 110
121* — Hi*
111} — 1094
40 — 35}
8*- 5|
70 — 55
69 — 50
130 — 130
110 — 109
110 — 109
120* — 116
106 — 100
120 — 117
104 — 102j
94* - 878
80* — 72}
87}- 87}
123 — 121
112| — 111*
42 — 35J
9* - 6*
66* — 61
65 — 55
130 — 129
110* — 110*
110 — 109
119 — 116
121* — iis'
102} — 101 j
96* — 91;
82* - 77*
iis' — ii?
112} — 111}
40} — 37
8*- 7
64* — 60
64* — 61
131 — 129}
90 — 90
118 — 116*
112 — 110
44 — 39*
8* — 8
67 — 60
67 — 63
130} — 130
86* — 86*
118 — 116*
112 — 110*
46* - 41*
9* - 7*
65 — 59}
65 — 63*
88 — 88
118 — 117}
113 — 111*
50* — 45}
14* — 9}
75 — 61
73 — 70
132 — 130*
no* — no*
119* — 117*
111 — 1093
57} — 49]
22* — 13*
83 — 73
82 — 70
129 — 126*
120 — 118
110* — 109*
60* — 54 j
21* — 16
81 — 77
81* — 78
128* — 127*
109 — 109
110 — 109
116 — 115
107 — 104
118 -- 114}
104 — 103
101} — 97*
87* — 85
mi — ii?'
105 — 105
120 — 118}
103* — 102
97-44*
83* — 81
.... — ....
109* — 109*
iis' — iis'
104 — 101*
lit* — 114J
104 — 104
105* — 101}
93 — 90*
ii9t — iis*
104 — 103
96t — 93
84} — 81*
104| — 104
118 — 117
103 — 102*
97* — 94
! 85 — 82
107 — 104*
118* — 117
104 _ 101
101* — 97
93* — 84}
XXX11
RANGE OF STOCK AND
DESCRIPTION OF BONDS.
January.
February.
March.
April.
Missouri, Kansas and Texas, Consol. 7s (N. Y.)
High. Lou
118 — 115-
. High. Low
\ 115'f — 118
. IR f)h. Lo?i
\ 115 — 118
78 — 78
. Ihfjh. Low.
115 — 114*
Missouri, Kansas and Texas, 2d Income 6s (N Y.)
Missouri, Kansas and Texas, Han. and C., Mo. 1st 7s (N. Y.).
Missouri Pacific 1st Con 6s (N Y )
110 — 110
109* — 108
117} — llfy
107 — 106
111} — 110,
112* — 111,
65* — 62
41* — 88
124 — 123
106 — 105J
104* — 104
136* — 134
136 — 134}
110 — 109J
114* — 112
112* — 109
123 — 118
105 — 104
113} — 112
116 — 113,
65* — 64
40 — 39
127 — 124J
107* — 106;
105* — 105
137 — 136
iiij — i66j
114 — 114
^118 — 110
. 125 — 122
105* — 104
113 — 113
115* — 113
.14 — 60j
38 — 87
128* — 127
108 — 1071
105* — 105
137 - 136
137 — 136
109} — 108
112* — iii'
123 — 122
105} - 104J
111 — 111
114 — 112*
55 — 55
129' — 129'
108}
105* — 105*
138 — 137
137* — 137*
109} — 109*
Missouri Pacific 3d 7s (N Y )
Missouri Pacific, Pacific of Missouri, 1st 6s (N. Y.)
Missouri Pacific, Pacific of Missouri, 2d 7s (N. Y.)
Mobile and Ohio New 6s (N Y )
Mobile and Ohio, 1st Pref. Debenture 7s (N. Y.)
Mobile and Ohio, 2d Pref Debenture 7s (N. Y.) . .
Nashville. Chattanooga and St. Louis, 1st 7s (N. Y.)
New York Central and Hudson River, Extend. 5s (N. Y.)
New York Central and Hudson River 1887 6s (N. Y.)
N. Y. Cen. and Hudson River, N.Y.C.& H., 1st Coup. 7s (N. Y
N. Y. Cen. and Hudson River, N.Y. C. & H., 1st Reg. 7s (N. Y
New York Central and Hudson River, Debentures 5s (N. Y.) .
New York Central and Hudson River, Debent. 5s Reg. (N. Y.
New York Central & Hudson River, Harlem, 1st 7s Reg. (N.Y.
New York Central & Hudson River, Harlem, lstCoup.7s(N.Y.
New York, Chicago and St. Louis, 1st 6s (N. Y.)
139 — 137
139 — 137*
99 — 94]
99 — 94
137 — 135}
137* — 13riJ
97* — 96
98 — 95}
137 — 136
137| — 136
97* — 92
98 — 92*
136} - 136*
137 — 137
93.V — 92
95" — 87}
70 — 70
59} — 58
61* — 58
126* — 125*
127j — 127}
116 — 116
112 — 111
112} — 112*;
'9i* — '88'
90^—83*
133} — 132
120 — 118
136 — 136
105 — 98*
127* - 127
117* - 117*
117} - 116*
127* 125*
New York, Chicago and St. Louis, 1st 6s Trust Certiflc. (N. Y
New York Chicago and St Louis, 2d 1923 (N. Y.) .. .
New York City and Northern, Gen. 6s (N. Y.)
534. _ 55
,
65* — 58}
67 — 59*
126 — 125
127} — 126}
116 — 116
110 — 109}
117 — 117
108* — 108*
96* — 86*
92 — 85
135* — 132
114 — 114
135 — 135
106* — 99*
130 — 129
New York City and Northern, Trust Certificates Gen. 6s (N.Y
New York Elevated, 1st 7s (N. Y.)
58* — 44
125 — 123}
127 125}
58 — 56
125 — 123}
127* — 125
New York, Lake Erie and Western, 1st Extend. 7s (N. Y.)
New York, Lake Erie and Western, 2d Extend. 5e (N. Y.)
New York, Lake Erie and Western. 3d 4}s (N. Y.)
108 — 108
New York, Lake Erie and Western, 4th Extend. 5s (N. Y.) . . .
New York, Lake Erie and Western, 5th 1887 7s (N. Y.)
New York, Lake Erie and Western, 2d Funded 5s (N. Y.). . . .
N.Y., Lake Erie & West., New 2d Con. Ex,June,'8tiCpn(N.Y.
New York, Lake Erie and Western, 1st Consol. Gold 7s (N. Y.
New York, Lake Erie and Western, Long Dock 7s (N. Y.). . . .
New York, Lake Erie & West.,Buff.,N.Y.&Erie, 1st 7s (N. Y.
New York, Lake Erie and Western, 2d Consol. 6s New (N. Y.)
New York and New England, 1st 7s (N. Y.)
115 — 112*
'83* - '76J
31 — 129
18 — 118
34 — 138}
94* — 89
28 — 125
119 — 119
'95} — '77*
88} — 79
137 — 131
134* — 134*
105 — 91*
New York and New England, 1905 6s (N. Y.)
New York and New England, 1st 6s (Bost.)
20* — 115
30* — 124}
17* — 108}
95 — 90
120* — 117
130 — 128
114 — 108*
98* — 90
109* — 106*
96 — 95;
iis} — 115
128} — 127
109* — 108
93 — 93
108* — 102*
98 — 96*
New York and New England, 1st 1905 7s (Bost.)..
New York and New England, 2d Mortg. 6s (Bost.). . .
111 — 108*
ioe* — io4}
New York and New England, 2d Mortg. Sealed 6s (Bost.)
Northern Pacific, Terminal 1st (N. Y.) ;
Northern Pacific, 2d M. 6s (Phila.)
93 — 91}
25* — 125*
Norfolk and Western, Va. and Tenn. ,4th 8s (Bait.)
Norfolk and Western Va and Tenn , 5s (Bait )
05* — 105*
04—104
16} — 99*
05—100
69 — 66
106* — 106*
109 — 108
108 — 108
106 — 106
72 — 69
Norfolk and Western, Gen. M. 6s (N. Y.)
107* — 105
107 - 107
107 — 105
70 — 70
106 — 107*
ioe' — ioe'
Norfolk and Western, New River, 1st 6s (N. Y.)
Norfolk and Western, New River, 1st 6s (Phila.)
Norfolk and Western, Debenture 6s (Phila.)
Norfolk and Western Gen. M. 6s (Phila.)
107* 107*
North Pennsylvania, 1st 1896 7s (Phila.)
27—127
127 — 127
i28 — i28
132} — 132}
109 f — 109*
109 — 109
110 — 108*
124 — 188
122} — 122J
122* - 122*
129* — 128
132i — 132*
110* — 110
ios' — ios'
121* — 121*
122* — 122
122* — 122*
110} — 110
us} — m'
103} — 103}
95 — 94}
North Pennsylvania, Gen. Coupon Mortg. 1903 7s (Phila.)
Northern Central, Series A 5s, Coupon 1926 (Phila.). . .
Northern Central, Series B 5s, 1926 (Phila.)
06* — 106*
Jos' — ios'
109 — 108
124 — 122
122* — 122*
122 — 122
Northern Central, Gen. 4}s (Bait.)
07* - 107*
Northern Central, Cur. bs 1900 (Bait.)
Northern Central, Gold 6s 1900 (Bait.)
21* — 120*
Northern Central, Gold 6s 1904 (Bait.)
Northern Central, Series A 5s, 1926 (Bait.)
07j _ log}
Northern Central. Series B 5s, 1926 (Bait.)
Northern Pacific, (is (Bost.)
2' — iii*
04—104
90*— 90*
2 — 112
107* — 107*
113* — 113j
104 — 104
94 — 92*
109 — 108
113* — 113
103} — 103}
97* — 94}
I14J _ 1141
Northern Pacific, P. O. Div., 6s (Bost.)
Northern Pacific, 2d Mortg. Coupon 6s (Bost.)
Northern Pacific. Gen. Mortg. 6s (Phila.)
Northern Pacific, 1st Land Grant 6s (N. Y.)
3 — 111*
3* - 91*
2* — 111}
7 — 34
8} — 96*
15 — 112}
97 — 92}
15 — 114}
88 — 85
99 — 96
05—105
15 — 113}
98* - 95*
98' — '96}
16* — 114|
95* — 93}
16} — 115
30 — 30
97 — 95}
Northern Pacific, 2d Land Grant 1933 68 (N. Y.j
Northern Pacific, 1st Land Grant Reg. 6s (N. Y.)
Ogdensburg and Lake Champlain, Inc. 1920-3 6s (Boet.)
Ogdensburg and Lake Champlain, 1920 6s (Bost.)
Ogdensburg and Lake Champlain, 1st 6s (Bost.)
Ohio and Mississippi, Consol. 7s (N. Y.)
20 — 120 1
20} — 120* 1
8* — 118* 1
25 — 121
25 — 121*
21 — 121
28* — i23.il
23* - K>.T
22 — 122
23 — 122
17} - 117}
97 - 94
97* — '92'
16* — 116*
05 — 104
41 — 35
93* — 90
Ohio and Mississippi, Consol. 7s 8. F. (N. Y.)
Ohio and Mississippi, 2d Consol. 7s (N. Y.)
Ohio and Mississippi, Springfield Div., 1st 7s (N. Y.)
92* - 92}
91 — 91
89} — 87*
97* — 92
15* — 115}
044—99
40* — 38
95*— 94
96 — 96
94} — 89*
97 — 94
20* — 120 1
05* — 102* 1
40 — 84
99 — 94*
06} — 106* .
Ohio and Mississippi, Gen. 1932 5s (N. Y.)
Ohio and Mississippi, SpringnVld Div., 7s (Bait.)
1* — 90
Ohio anil Mississippi, 2d 7s (Bait.)
Ohio Southern, 1st 6s (N. Y.)
00 — 97}!
1 — 81
5 — 90*
Ohio Southern, 2d Income 6s (N. Y.)
Oregon Improvement Co., 1st 6c (N. Y.)
Oregon Railway and Navigation Co., Debenture 1877 76 (N. Y.)
XXX111
BOND VALUES— Continued.
May.
June.
July.
Angust.
September.
October.
November.
December.
Year.
Hiqh. Low.
1154 — 1121
High. Low.
117 — 1154
Hiqh. Low.
117 — 115
Hiqh. Low.
1134 — 112}
High. Low.
113i - 112*
Hiqh. Low.
114} — 108
90 — 90
Hiqh. Lew.
110} — 1094
Hiqh. Low.
iii* — in
High. Low.
118 — 108
90 — 78
115 — 110
117 — 108
127* — 116*
107 — 103*
113* — 109
116 — 109*
74} — 53
44* — 32
131 — 123
108| — 104
105} — 101
1-104 — 134
1374 — 133*
112* — 107}
110} — 107*
139 — 131*
139 — 131
99 — 85}
99 — 84
76 — 70
734 — 55
73J — 54
130 — 123
127* — 121
117} — 113
112* — 109*
1 9 — 112*
109 — 103
96} — 77*
104* — 76J
13!'* — 129
120 — 114
140 — 133*
116} — 89
130 — 125
117* — 117*
120} — 115
130} — 122*
117* — 103}
SJ84 — 90
1C94 — 102*
108* — 91}
130 — 125*
1C8* — 105*
115* — 104
118 — 99*
112} — 100
90 — 66
1144 — 107*
U9* — 123*
13i} — 132
111} — 106*
109J — 108
110 — 107*
125 — 121*
125* — 120*
12o* — 122
111 — 106}
111 — 107*
116* — 111*
104 — 103
102} — 904
1184 — 112
120 — 111*
104 — 91*
117* — 111}
47* — 27
1044 — 94*
107* — 105
125 — 118
125 — 118
121 — 113*
110} — 91
94} — 87*
110} — 90
120* — 115*
108 — 97}
494 — 34
99 — 84
106} — 106}
112 — 112
116} — 113
1254 — 125
104 — 1084
110 — 110
116 — 116
61* — 60
115 — 112
117 — 115
Ii6 — 125}
104 — 1034
110} — 109
114J — 1145
63 — 58
36 — 32
130* — 129
1064 — 1^5
103* — 102J
136 — 134
135* — 1334
109 — 107}
1C9 — 107}
1844 — 132
136 — 118
97 — 95|
97} — 95}
111* — 109
122 — 120
106* — 1054
113^ — 112
114 — 113
57 — 53
32 — 82
127 — 127
108 — 1074
105} — 105}
139 — 138
iio* — 169'
1124 — 111
125 — 1-24
106& — 106
ii4' — iia'
CO* — 56
364 — 34
129 — 128
1C64 — 106
106 — 103}
1404 — 189}
1354 — 135
110 — 109
113} — 111
125 — 124}
1C6} — 106}
110 — 110
116 — 114
644 — 604
115 — 1124
1274 — 125
104 — 1C3}
110 — 110
115 — 115
63* — 604
1154 — H2J
1224 — H8
104J — 1C3}
111 — 110*
115 — 114
74} — tS*
444 — 37
131 — 130*
107 — 104
104 — 1034
138 — 1364
ic9* — itsj
108} — K 8}
132 — 131*
132 — 13*
97 — £6
984 — 96
115* — 114
121 — 1204
104} — 104
111} — 110
112 — 1094
69 — 61
41 — 32
1064 — 105}
104* — 101
188} — 1374
137 — 137
109 — 1084
132} — i32'
131 — 131
ice* — '&*
77 — 76
70 — 644
70 — 64}
1264 — 126
122* — 121
iio' — iio
114 — 114
103 — 103
9;* — 90
10X4 — !5
135 — 13<
1144 — 112*
136} — 130
130* — 128
107 — 106
180* — 129
106} — 106}
130 — 129
105* — 105
102* — 102J
136 — 134
ios' — 107}
1(18 — 101*
1344 — 133
134} — Ic8*
95 — 95
97* — 94}
136 — 135}
137 — 135}
112} — 10!!}
110} — 10SJ
1354 — 135
1*5} — 1344
974 — 974
99 — £6J
137 — 186J
137 — 137
112 — 1104
135' — i32*
1S5 — 13c*
984 — 94
98f — 94
134i — 134
135 — 13?*
93f — 85}
94 — 84
135* — 135
135 — 134}
518 — 93
99 — 93
59 — 5!)
61 — 55}
128 — 125
125 — 125
117} — 117|
iis' — iis'
109 — H 84
93 — 87
92 — 83}
1344 — 133
119 — 119
137 — 137
1054 — 90}
634 — CO
641 — 60
I 30" — 1264
12.-J — Ii4f
114 — 113.J
112 — 111
65 — 64*
65 — 63
127 — 125
125* — 1251
113 — 113
112 — 112
'63' _ '60'
127 — 125
12C* — 1264
lie* — 115}
1124 — 110
194 — 64*
69J — 61
127 — 1254
125 — 125
110 — 115
iie — iie
105* — 105
90* — 935
K3} — 99*
135 — 134
117 — 1144
iie* — iie}
128 — 128
73* — 68
73*- 674
125* — 123}
iio' — ioi*
114 — 113*
106 — 105
95 — 94
102 — (8}
133} — 133
115} — 115
140 — 140
714 - 71
7£* — 70
126 — 123
122 — 122
114 — 114
1C9* — 10! *
115 — 113
106 — 106
15J — 94
104} — 1014
134 — 133}
117| — 116
140 - 140
S3} — £9
954 — 91 1
1&5J — 1:34
1164 — 115
1094 — 1054
944 — 9U
99J — 9-'*
1391 _ 136
1164 — 115J
lf.8 — 134
112} — 10H}
129* — 1294
94} — 914
1024 — 97}
188* — 138
116} — 1164
137 — 137
115 — 115
130 — 130
118} — 116
129 — 127
1104 — 108}
1084 — i05'
96 — 96
1204 — 117}
1294 — 12f*
1104 — 109}
95 — 91
1094 — K'8
100* — 99
130 129}
119} — 117}
129 — 12s}
1114 - 1094
94 — 92.J
1064 — 106|
118} — 117i
129 — 12s
1104 — 108
934 — 90
106 — 1034
1014 — 1014
118} — 117}
1274 — 1264
110 — 107}
94 — 92
1054 — 1044
102* — 102J
1184 — 117
128* — 1274
111* — 110
95 — 95
105* — 103j
102 — 1014
118 — 117
128 — 127
110} — 1C9
93 — 92
108 - 104
1024 — 1024
120} — 117
1274 — 1^24
1094 — H3}
93 — 90
H8 — 105}
10£* — 102|
1064 — 106J
105 - 104
109 — 108
109 — 106
ios' — ios
111 — 110
109 — 108}
83 — 73
1084 10?*
108} — 108}
ii.V — iii'
112 — 112
fc5 — 82
107 — 107
m — 112
1144 — H3
114 — 109
90 — 89
ii2* — il2}
118 — 115
'96' — 'so'
112} — 112
124 — 1234
1154 — 112*
115 — 115
'89' — '87'
1144 1144
115 — 1134
112} — 111}
112} — 112}
90 — 89
114* — 112}
i66' — icsT
89 — 89
.... — ...
128 — 128
127* — 127*
133 — 133
1094 — 109j
127} — 127}
132 - 132
110} — 110}
124 — 124
132} — 132
1104 — HO
1094 — 1094
109* 109*
127 — 127
182} — Ic24
1104 - no*
109* — 1091
124 — 124
1104 — HO*
109} — 109
10P* — 108.J
1214 — 121}
123 — 122J
122} — 122}
11(1} — 110
108* — IOS}
115} — 114
'98} — '93}
1184 — 118^
118} — 1154
9!) — 92}
117 — 116
30-27
95| — 944
iii — iioi
109! — 1094
111 — 1104
111* — 111}
1084 — 1084
1084 — 108
124 — 1224
125^ — 1254
12.H — U'54
110} — 110}
1244 — 124
1234 — 122
124 — 1244
1244 — 124
1234 — 1224
1244 — 124
125 — 124*
123 — 122
122 — 121*
122* — 1204
123 — 123
1214 — 121*
121* — 1214
110 — 110
1094 — 109
115 — 114
iisi — 1154
11(;4 — 115
103| — 1004
115| — 115|
111 — 111
110} — 109}
114 — 114
ico* — iooi
iii — iii
110} — 110}
114 — 114
103 — 103
102} — 102}
iii — iii
in — in
1154 — 1154
io2} — ioii
117* - 117*
119 — 117jj
104 — 1024
108} — 108}
103} — 103}
98 — S8
117* - 1174
117} — 114j
101* — 99 j
115} — 1154
1C3} — 103}
100 — 97}
118f — 1184
120 — 117}
101 — 98.V
117} — 117}
33 — 32
1044 — 96
1164 — 11(5J
'993 — '9C*
1164 - 11BK
117 — 115}
lOlf — 98}
1164 — H54
1024 — 100*
116 — 116
44 — 85
101 — 101
1064 — ioe*
118} — 118}
120 — 118
117* — H4
98 — 954
90 — 90
100 — 92
116 — 113|
105 — 1024
464 — 38
95 — 934
117* — 116}
103} — 102J
34 — 34
103 — 102
1O7J. inn
444 — 44}
101 — 101
107 — 107
122 — 12tf
123 — 122
120 — 1174
110} — 110
94 — 914
110} — 100
120 — 118
108 — 105
4!)* — 44
flfe* — 95
47* — 44
101* — 100
i22J — iai'
123 — 1214
118 — 118
108} — 108}
90 — 90
109 — 1064
ios' — io2'
46* — 39
95 — 91
104 — 100
103} — 101 |
108 — 106
1184 — H8
118} — 118}
118 — 118
123 — 122
122 — 121
116 — 1151
934 — 93}
92 — 91
93} — 93
1164 - 1164
107 — 105
34 — 34
91 — 88
123 — i'ii 1120* — 119}
1224 — 12U 120 — 119
lit* - 116| 119 - 1174
120 — 119}
120 — 119
118 — 118
91} - 904
93 — 90
117.— 117
1054 — 1034
38 — 864
93} — 84
90 — 90
974 - 92}
118 — 118
1034 — 10(1}
36 — 344
924—90
'024 — '96'
ios* — 1624
39 — 34J
91* — 90}
90 — 90
95 — 90
ios' — ioi*
39£ - 37
94} — 904
XXXIV
RANGE OF STOCK AND
DESCRIPTION OF BONDS.
January.
February.
March.
April.
Oregon Railway find Navigation Co 1st 6s (N Y )
Hiqh. Loiv.
112k — HI
103J — 102
102| — 101J
101* — 98}
99 — 95}
97 — 94
105} — 102i
105 — 101}
112* — 112*
110 — 110
104* — 101 |
132 — 131
High. Lnw.
113 — 112*
108 — 1031
102* — 102}
101* — 97*
101 — 98
9;* - 9.5}
105* — 103!
Hiqh. IMW.
113' 112*
IRqh. Low.
113} 111
Oregon Railway and Navigation Co., Consol. 1925 5s (N. Y.)...
Oregon Hailway and Navigation Co , 7s (Boat.)
108* — 107J
102J — 102}
105 — 9,-i
104} — 97f
100 — 95
107* — 106}
107* — 106
113 — 113
111 — 111
10*} — 107
102} — 102
102 — 101
100} — 100
100 — 97*
106} — 106*
106} — 106*
113 — 113
111 — 111
Oregon Short Line, 1st 6s (N. Y.)
Oregon and Transcontinental, 1st tie (N. Y.)
Pennsylvania, Pa. Co., Coup. 4js (N. Y.)
Pennsylvania, Pa. Co. Reg. -'*s (N. Y.)
105} — 104}
iio* — 109'
105 — 105
134 — 133
125 — 125
Pennsylvania, 1919 Const. Reg. 5s (Phila.)
Pennsylvania, Pa. Co., Reg. 10076s (Phila.)
Pennsylvania, Pa. Co., Reg. 1920 4}s (Phila.)
Pennsylvania, Gen. 6s Reg. 1910 (Philii.)
126' — 126'
12C* — 126}
123 — 128}
126* — 12ti*
Pennsylvania, Consol. 6s Coupon 1905 (Phila.)
Pennsylvania, Consol. Gs Reg. 1905 (Phila.)
Pennsylvania, Geu. 6s Coupon 1910 (Phila.) ,
130 — 130
133* — 133}
105 — 105
106J — 1061
\:AQ — 130
106J — 106J
135 — 135
123 — 123
91} — 90
111 — 111
71 — 60
109} — 107*
70} - 62
107* — 107}
107 — 107
113 — 113
108} — 108J
112} — 112
65 — 5«*
3J* — 30
129 — 129 ]
104} — 104
99} — 92 ]
21 — 21
55 — 45
'52' — "43"
70 — 70
128 — 126*
126} — 126*
115 — 114
117* - 11TJ
100} — 93
Pennsylvania, Pa. Co., 1920 4}s (Phila.). .
Pennsylvania and New York, 1908 Reg. and Coup. (Pliila.)....
i32 — 132
Pennsylvania and New York, C. and R.. 1896 7s (Phila.)
121 — 131
87 — 85
106} — 103
48 — 43
104 — lOOJ
.48 — 44
121 — 121
90 — 88.V
108 — 106'
48 — 4-f
100J — 104
50 — 46*
106 — 106
106J — 105
106} — 104}
122* — 121}
92 — 90
108} — 108
49 — 46
107* — 104
57* — 50
110 — 110
io9* — 169'
Pennsylvania Canal, 1910 6s Coupon (Phila )
Peoria, Decatur and Evansville, 1st 6» (N. Y.)
Peoria, Decainr and HJvansville, Income 6s (N. Y.)
Peoria, Decatur and Evansville, Evansville Division. 6s (N. Y.)
Peoria, Drcatur and Evansville, Evansville Income 6s (N. Y.)..
Peoria and Pekin Union, 1st 6s (N. Y.)
Petersburg, Class A 5s (Bait.)
105 — 104
104* — 100
Petersburg, Class B 6s (Bait.)
Philadelphia and Baltimore Central, W Chester Cons. 7s (Phil.)
Philadelphia and Erie, 2d 7s Coupon 1888 (Phila )
108* — 107
111* — 111*
47 — 37}
24 — 21
122 — 122
104 — 102
88} - 78}
15 — 15
51* — 40
10—8
45 — 38
55* — 52j
132 — 122
123i- — 122
10S 107
iis' — iih'
80 — 67
42 — 33
129 — 12.3
107* — 107
103} — 96
'76' — "&u
8-8
64 — 50
70 — 70
133 — 128*
132 — 129?
118 — 118
121* — 120
104} — 97*
Philadelphia and Erie. Gen. M. 1920 5s (Philn.)
113 — 112
77 — 44
35} — 24}
167' — ml
97* — 88}
25 — 22*
59* — 46
8—7
55 — 44*
5.2* — 52*
123 — 125
128 — 123}
Philadelphia and Reading, 1st Series 5s (Phila.)
Philadelphia and Rending, Cons. 2d Series 5s (Phila.)
Philadelphia and Reading, Isi 19106s (Phila.)
Philadelphia and Heading, Improvement Gs (Phila.)
Philadelphia and Reading, Gen M. 1908 7s (Phila.)
Philadelphia and Reading, Debenture 6s (Phila )
Philadelphia and Reading. Income Coupon 7s (Phila.)
Philadelphia and Reading, Deferred Income (Phila.)
Philadelphia and Reading, Conv. Adj. Scrip (Phila.).
Philadelphia and Rending, P. and R., C. and I., Reg. 7s (Phila.)
Philadelphia and Reading, Con-ol. 7s Coupon 1911 (Phila.)
Philadelphia and Reading, Consol. 7s Reg. 1911 (Phila )..
Philadelphia and Reading, Consol. 6s Gold Reg. 1911 (Phila.)..
Philadelphia and Heading, 2d 7s Coupon 1>93 (Phila.).
118 — 118
89* — 80
119 — 119
99* — 89
Philadelphia and Reading, Gen. 6s Gold Coupon 1908 (Phila.)..
Philadelphia and Reading, New Conv. 7s Ex. Cpn. (Phila.)
Philadelphia and Reading, New Conv. 7s Reg. Cpn. (Phila.).. .
Phila., Wilmington & Baltimore, Trust Cert. 4s of 1921 (Phila.)
Pittsburgh, Cincinnati and St. Louis, 1st 7s Reg. 1903 (Phihi.).
Pittsburgh. Cincinnati and St. Louis, 1st 7s Cpn. 1900 (Phila.).
Pittsburgh and Connellsville, 1st 1898 7s (Bait.)
25* — 22
101} — 100
123* — 123*
124* — 122|
107} — 106}
141 _ 141
139 —'133*
135 — 133*
100* — 100}
30 — 24
102* — 101*
121 — 120}
125' — is!*
109 — 106}
140* — 140*
133 — 136
35 — 21)}
103* — lOlf
122* — 122
123 — 122*
125* — 124*
110} — 110}
144 — 144
141 — 140
27* — 25
102 — 101
122* — 122*
123 — 122}
124 — 124
144} — 144}
Pittsburgh, Cleveland and Toledo, 1st 6s (N. Y.)
Pittsburgh, Fort. Wayne and Chicago, 1st 7s (N. Y.)
Pittsburgh, Fort Wayne and Chicago, 2d 7s (N. Y.)
Pittsburgh, Fort Wayne and Chicago, 3d 7s of 1912 (N. Y.)
Portsmouth, Great Falls and Convvay, 4}s (Bost.)
Richmond and Allegheny, 1st 7s Trust Certificates (N. Y.)
Richmond and Danville, Cons. 6s (N. Y.)
76} — 70
113} — 111}
78* — 70}
115J — 113}
115} 115}
73} — 68
115* — 112}
70 — 68*
115} — 114
Richmond and Danville, Gold Gs of 1915 (Bait )
Richmond and Danville, Debenture 6s (N. Yr.).
88 — 86
88*— 87-4
95 — 88*
103} — 94
Richmond and Danville, Debenture 6s Assented (N. Y ) ..
Richmond and Danville, 1S90 6s (Bait.)
108 — 108
Richmond and Danville, Piedmont Branch, 8s (Bait.)
108} — 108}
Rochester and Pittsburgh, 1st 6s (N. Y.)
Rochester and Pittsburgh, Cons. 1st 6s (N. Y.)
114 — 113*
110} - 110
iii' — iio'
i1* — 114
115 - 111
li? — 114*
97 — 92*
52 — 48
94 — 88
110 — 108*
110 — 108*
60 — 58}
116 — 116
113 — 111
108 — 106
115 — 115
lllf - 111
114 — 113*
97* — 93
73} - 51*
SO — 90
ii6} — 109
63* — 60
117* — 117*
1131 — H3
Rome, Watertown and Ogdensbnrg, Con. 1st 7s (N Y )
Rome, Watertown and Ogdeus'mrg, Cons. 1st ex. 5s (N. Y.)
Rome, Watertown and Ogdensburg, Income 7s (N. Y.) ..
91 — 87}
49* — 43
82} — 81}
106} _ 1054
95* — 89*
52 — 43*
94 — f9j
112 — 112
110} — 108}
63} — 60
Rutland, 2d Equipment 5s (Bost.)
Rutland, 1st Mortgage 6s (Bost.)
St. Joseph and Grand Island, 1st 6s (N. Y ).
109J — 104
St. Joseph and Grand Island, 5Jd Income (N. Y.). .
61* — 55}
117 — 117
St. Louis, Alton and Terre Haute, 1st 7s (N. Y )
St. Louis, Alton and Terre Haute, 2d Pref. 7s (N. Y.)
St. Louis, Alton and Terre Hnute, 2d Income 7s (N Yr )
104 — 103*
106 — 106
50 — 50
St. Louis, Alton and Terre Hauie, Dividend 6s (N. Y )
41 - 41
St. Louis, Alton and Terre Haute, Bell and So. Isl. 1st 8s(N.Y.)
St. Louis, Iron Mountain & South'n, Gen. Con. & L.G.5s(N.Y.)
St. Louis, Iron Mountain and Southern, 1st 7s (N. Y.) .
St. Louis, Iron Mountain and Southern, 2d 1897 7s (N. Y.).
St. Louis, Iron Mountain and Southern, Ark. Br., 7s (N. Y.)...
St. L., Iron Mountain & South., Cairo and Fulton, 1st 7<< (N.Y )
St. L., Iron Mountain & South., Cairo, Ark. & Texas, 7s (N. Y!)
117* - 117*
92} — 91
118 — 117}
113 — 112
113 — 112J
109* — 108}
110 - 109*
95 — 92}
115* — 115
116 — 113
114 — 113*
110 — 109*
115 — 111
96* — 93*
114 —.114
119 — 117
115 — 115
110} — 109*
116* — 115}
94* — 90
115 — 114
116* — 116
iio* — io9*
115 — 114
XXXV
BOND VALUES- Continued.
May.
June.
July.
August.
September.
October.
November.
December.
Year.
Hiqh. Low.
113$ — 112}
107} — 100,.!
102 — 101}
102} — 99
100} — 98
98} — 92}
106J — 106
Hiqh. Loir.
114} — 113}
106^ — 105
102 — 10H
107} — 102}
105 — 100J
1C3 — 97*
108 — 108J
108} — 106J
112 — 110
Hiqh. Low.
Ill'} — 110!
107* — ire
101} — 101}
109 — 107}
106 — 104}
1C3} — 101}
108 — 106
107} — 107}
Hiqh. Low.
111} — 110}
lOti} — 105
101 — 100
105} — 102J
105} — 100}
102} — 93}
108} — IOC}
Hiqh. Low.
Ill'} — 110}
106} — 105
ICOf — 100J
105} — 104
104} — 103}
102} — 101
106} — 105}
77? qh. Lew.
Ill — 110
100} — 105
100} - 100}
106} — 104}
105} — 103J
104} — 101}
108 — 105}
107 — 105}
Hiqh. Lou\
111} — 110
107} — 106*
100} — 100
107 — 1C6*
105} — 104*
102 — 100?
107} — 1C6J
High. Low.
111 — no
lC5f — 104
100} — 100
107 — 106
105 — 104
101} — 98
107} — 105
1C6 — 104
Hiqh. Low
114} — 110
1(8} — 102
I02f — 100
109 — 08
106 — 95}
103} — 92}
ICF* — 1021
108} — lOll
113, — 110
111} — 109
106} — lOU
137} — 128}
129* — 125
128} — 126
136 — 130
106J — 105
136 — 128i
123} — 118
£2 — 85
119 — 103
82* — 43
111} — lOOi.
82} — 44*
112 — 106
108 — 104
109} — 100
116J- — 113
109} — 106*
115 — 111*
80 — 87*
55 — 21
129 — 123
10;'} — Ki2
104t — 78*
51 — 15
70 — 40
15 — 5
66 — 38
96 — 52*
132 — 120
132 — 120
119 — 110
121} — 113
lOti — 80
59} — 28*
6-2} — 22
103} — 100
123 — 120}
125 — 121}
126*. — 12?}
110} — 106}
145 — 141
142} — 138
138 — 132}
104} — 100}
80 — 65
119} — lllf
115} — 113}
114 — 86
113} — 106}
108 — 105}
108} — 103
117 — 113}
112 — 105
117 —108}
103 — 87}
102 — 43
97 — 81}
113} — 105}
110} — 104
77 — 55}
119} — 115
113} — 110}
108 — 103*
50 — 33
117} — 116}
100 — 90
118 — 110
119 — 112
IIP} — 109}
113 — 108}
116} — 109}
113 — 113
113} — 113
110 — 110
100} - 106}
133 - 132
128 — 128
111 — 111
111} — 111
109} — 109
109} — 109}
110 — 110
109} — 109}
133 — 129}
m — iai
133} — 132
128} — 126
126 — 12R
133} — 132}
136 — 135
128 — 128
12*-'} — li!6J
135 — 135
137} — 137
128 — 128
187 — 137
127} 127}
133 — 133
129} — 128
135f — 133}
132 — 130
131} — 130
132 — 131}
136 — 136
123} - 123}
iia' — in
65 — 59}
109 — 107
65 — 61
107 — 106
i2o' — iso'
90 — 90
119 — 113J
68 — 65
111} — 109
68 — 65
112 — 110
132 — 131
119} — 119}
88 — 87
115 — 115
75 — 66}
111 - 110}
74} — 67
112 — 112
132} — 132}
iis' — ii.V
76} — 73
110} — 110
75} — 72
111 — 111
131 — 130
118 — 118
90 — 88
112 — 112,
80 — 73*
107 — 1(17,
79} - 7**
111} — 1111
135 — 135
12V — 122
98 — 91
115 — 113
79} — 75
110 — 107
79i — 75
107} — io7}
128 — 128}
IIS — 118
91 — 90}
114? — 114?
82} — 79
110 — 110
82} — 79
110 — 110
129 — 129
118} — 118f
CO} — 90
115 — 114
82* — 80
110} — 110
82 — 77
ios' — ios'
108} — 100}
iosj — ios'
111} — 111}
70 — 68
55 — 50
iosi — ios}
114} — 114
62} — 5S|
30 — 30
114} — 114}
109} - 109
114} — 114
60 — 57}
31 — 80
118* — 113}
IOC} — 100}
114 — 114
C2 — 59
35 — 30}
107} — 107}
115 — 115
62 — 61}
33 — 32
ii2} — ii2}
75} — 60
48 — 82
116} — 116?
108 — 106}
114 — 114
17 — 70
44$ — 46
127} 127}
116} — 1161
107 — 106}
113 _ Hi}
74} — 70
52} — 46
103} — 10-2
96 } — 91J
24 — 24
52} — 45
5—5
51 - 46
95 — 05
128 — 127
123} — 187
"97f — '92}
104 — 103|
98 — 95}
105* — 105
ICO} — 96|
105} — 105 J
100} — 98
27 — 27
52 — 52
105 — 104
104} — 97}
43 — 30
62} — 60
9—6
61 — 49}
72 — 72
128} — 128}
129 — 129
iis' — iis'
106 — 97}
105 — 105
104| — 100}
43 — 41
61 — 57
9—9
60 — 58
75 — 72
128} — 127f
129 — 128
119 — 118
115} — 115}
104J — 101
41} — 40
43} — 42
102} — 101}
122 — 122
122 — 122
125 — 123}
109 — 107}
143 — 143
139} — 139}
105} — 104*
103} — 101}
51 — 43
674 — 60}
14} - 9}
66 — 60
06 — 72
I27f — 120
127} — 120
115 — 115
115} — 115
106 — 102
58} — 41
62} — 45
102} — 101
122 — 1-21*
122 — 1-22
124} — 124*
109 — 108}
105 — 105
102} — 08
49 — 47
66 — 55.1
15 — 10"
63} — 55
i24* — 12i}
1£4} — 122
11C} — 110
114 — 113
105| — 98}
C9i - 54
58 — 42
103 — 101
123 — 122
iii' — i24'
110 — 109
53 — ol
55} — 52
52 — 50
75 — 75
121!} — 125}
128} — 125
115 — 115
116J — 116f
100| — 96i
53 — 52
70 — 70
128} — 127}
125} — 12S
116 — 116
116} — 116}
101} — 97}
50 — 48
72 — 71
130 — 128
n7} — iitii
117 — 117
101} — 97}
28} — 28}
2-)} - 24
102} — 108
30 — 26
103J- — 101}
31 — 24
ICb} — 102}
32} — 81
103} — 102}
45 — 30
102} — 102
124} — 124J
144} — 1441
124 — 124
126} — 124}
108 — 108
145 _ 145
142} — 142
U'5 — 124J
1-23| — m}
110 — 110
138 iss
122 — 122
125} — 124
132} — 121}
125 — 123
143 — 143
138} — 1381
iii — i4i
139} — 138
138 138
141 _ 140}
139 — 139
"69" — '(J5
117* — 115}
104 — 104
76} _ 69*
119} — 118
104 — 104
80 — 75
117} — 116
104} 104
79 — 74
117} — 115
115 113*
76}- 73}
115 — 113}
75 — 73
115 — 114
80 — 74
115} — 114
75 — 70}
116 — 114J
105 — 105
110} — 106
114 — ilOf
112 — 109
110 — 110
110 — 108}
107} — 106}
107} — 107}
103} — 103
115 — 114
107} — 107
113 — 111}
100 — 98}
98} — 95
96} — 95}
108 — 108
110} — 108
71} — 68
116 — 115
110} — 110}
114 — 110
113} - 107f
112 — 109
.... — ....
.... — ....
108 — 105}
... -
107 — 105}
106} — 106
114} — 114
107} — 107}
111} — 110
103 — 99}
95 — 95
95 — 95
110 — 107
108f — 107}
71} - 62}
116 — 115}
115} — 115
111 — 110
117 — 117
107} — 105
117 — 117
105 — 105
110} — 110
102 — 100}
97 — 07
90} — 96*
113 — 110}
109 — 108
69f — 68
io7} — 167'
'10 — 110
102 — 98}
'97' — '95'
111 — 111
108} — 106J
68 — 63
116 — 116
114 — 114
108 106
109} — 108
103' — '89}
100 — 98
ios' — ioe'
107} — 107
74}— 71},
108 — 108
108} — 108*
103 — 100J
102 — 102
95 — 95
108 — 106
107} — 10n£
77 — 71
99} — 94
70 — 69}
90 — 90
110} — 109 J
107 — 105?
62 — fiO
119} — 11H}
113* - 112}
106} — 1044
35 — 35"
1<XH — 98
97} — 82
96 — 90
113} — 111
109 — 106'
74 — 62
113} — 113}
.... — ....
111 — 111
111 — 111
107} — 107
37 — . 87
35 — 35
40 — 33
116* 116}
40 — 35
42 — 3f}
•
95-90
114J — 1U}
113} — 113
1-16 — 115
111} _ no
115 — 113}
95 — 94
115 — 115
114} — 113*
113 — m'
io6 — 95
116 — 110
114 — ii3}
110 — 110
115} — 114}
98} — 94}
112 — 110
111 — 111
113} — 113}
115} — lis'
97} _ 944.
111} — 111}
116} — 116
115} — 114}
109 — 108*
114 — 113}
96 — 94
112* — 111}
llfi} — 116*
114 — 114"
109} — 108*
90$ — 96*
113} — 113"
114 — 112*
116} — 115*
109 — 109
114 — 113}
io6 — 96
115 — 113
114 — 113
113 — 109f
110} — 109}
110} — 110
XXXVI
RANGE OP STOCK AND
DESCRIPTION OF BONDS.
January.
February.
March.
April.
St. Lonis and Snn Francisco, Class A 6» (N. Y.)
ITigh. Low.
108 — 108
108 — 105}
108* — 105^
N>1* — 99}
103J — 103
118* — 112$
120 — 118*
121 — 119
117 — 115
114} — 114}
101} — 101
71 — 75
52*— 47
IRrjh. Low.
112 — 112
112* — 110
112 — 110
104* — 99}
105 — 104}
122* — iai'
122* — 121
119* — 117
118* — 118*
101* — 101*
70} — "JO
60 — 51*
Ifi(jh. Loiv.
112* — 112.)
113 - 111*
113 — 110"
105} — 102
105} — 105
116 — 116
122 — 121*
122 — 121*
121* — 11!)"
High. Low.
112 — 112
11;}* — 110*
113 — 109*
10:^ — 103
105} — 105*
iis»' — iis*
122 — 121*
123 — 120*
St. Louis and San Francisco, Class B, Cs (N Y )
St. Loui* and San Francisco Class C 6s (N Y )
St. Lonis and San Francisco, Gen Mort. 6s (N. Y.)
St. Louis and San Francisco, So. Pacific of Mo., 1st 6s (N. Y.).
St. Paul, Minneapolis and Manitoba, 1st 7s (N. Y.)
St. Paul, Minneapolis and Manitoba, 2d 6s (N. Y.)
St. Paul, Minneapolis and Manitoba, Dak. Ext., 6s (N.Y.)
St. Paul, Minneapolis and Manitoba, 1st Con. 6s (N. Y.)
St. Paul, Minneapolis and Manitoba, 1st Con. 6s Reg. (N. Y.).
Schuvlkill Navigation 1st 6s Reg. 1K97 (Phila.)
100 — 100
73* — 701
72 — (9-
125 125
101* — 101*
73* — 72
55 — 55
Schuylkill Navigation, 2d 6s Reg 1907 (Phila')
Scioto Valley, l^t Cons ?s (N Y )
Shamokin Valley and Pottsville, Coupon 7s (Phila.)
Shenandoah Valley, 1st 7s (N. Y.)
71* - 71*
72 — 70}
102* — 98
110 — 108}
72 — 70
71} — 69
605} — 99
110* — 110
90 — 90
75* — 72
7(i — 70
107* — 102
113 — 111
&-,* _ (.5
76 — 72*
75* — 75
107* — 104}
109* — 109*
Shenandoah Valley, 1st 7s (Phila.)
Sonora, 1st. 7s (Bost )
South Carolina, 1st 6s (N. Y.)
South Carolina, 2d 1931 6s (N. Y.)
South Carolina. Income 6s (N. Y.)
29} — 28
101* — 100}
107* — 105}
101 — 100
105* — 104}
102 — 100
29 — 26
104 — 102
110* — 107
103J — 101*
105* — 10.i
101 — 100
29 — 20
105 — 104
HOf — 109J
104} — 1083
106} — 105J
103 — 101
27* — 26
105} — 104f
107} — 106J
104} — 104
109 — 107
102* — 100
120 — 120
70 — 68
105 — 104*
107 — 106
51 — 50}
86 — 75
62* — 62*
South Pacific of Arizona. 1st 6s (N. Y.)
Southern Pacific of California, 1st 6s (N Y)
South Pacific of New Mexico, 1st 6s (N. Y.)
Sunbury, Hazleton and Wilkesbarre, 1928 5s (Phila.)
Sunbury, Hnzleton ami Wilkesbarre, 1938 2d 6s (Phila.)
Sunbury and Lewi-town, 1st 7s (Phila.)
Texas Cenfal,lst 7s of 1909 S. F. (N. Y.)
71 — er*
102 — 100*
106} — IOC*
50*— 46^
75 — 68*
60 — 53}
70 — 70
105f — 105^
73* — n
107 — 102
107 — 103*
'78i - '70}
63 — 62}
72 — 72*
105 — 103
105 — 104
53} - 51}
76 — 74
60 — 60
•81* — 81**
Texas and New Orleans, Sabine Div., 1st 6s (N. Y.)
Texas and Pacific, 1st (is Gold Res;. Coupon 1905 (Phila. )
Texas and Pacific, 1st Rio Grande Div., 6s Reg. Cpn. (Phila.)..
Texas and Pacific, Con. 6s Gold Keg. Coupon 1905 (Phila.)
Texas and Pacific, New Orleans Pac., lst6sReg.Cpn.l920(Phil.)
Texas and Pacific, Cons. 6s (N. Y.)
Texas and Pacific, 1st 6s (N. Y.)
Texas and Pacific, Income and Land Grant Reg. 7n (N. Y.)
Texas and Pacific, 1st Rio Grande Div (is (NY)
39 — 36*
42 — 39
40*— 37
39 — 34}
Texas and Pacific, 1st Rio Gramle Div. Coupon 6s (N. Y.)
Texas and Pacific, 1st Rio Gr. Div. Cpn. 6s Trust Rects. (N.Y.)
Texas and Pacific, Gen. M. and Terminal 6s (N. Y.)
52 — 45*
55S- — 51
54 — 50
53 — 49
45 — 43
47* — 47
40 — 40
.... — ....
Texas and Pacific. Gen. M. andTer. 6*. Trust Receipts (N. Y.).
Toledo and Ohio Central, 1st 5s (N. Y.)
Union (Baltimore). Indorsed bv Canton Co (Bait.).
94* — 92}
116 116
99} — 93}
99* — 96
98 — 95*
Union Pacific, 1st GoH (is (Bost.) :
114J — 113}
119 — 118
115J — 114
122' — 121'
121 — 121
115* — 115*
119} — 119
117* — 115*
106} — 108}
123} — 121*
121 — 121
116* — 116i
119 — 117*
118 — 116*
106} — 106}
119J — 118
115* — 114*
119 — 117*
117} — 116*
iis' — iis'
Union Pacific, Sinking Fund 3* M. 8s (Bost.)
Union Pacific. 1st 6s (N. Y.)
Union Pacific, Land Grant 7s (N. Y.)
Union Pacific Sinking Fund 8s (N Y )
Union Pacific, R gistered 8s (N. Y.)
Union Pacific, Col. Tr. 19075s (N Y.) ....
106 — 106
113 — 113
116 — 113
115 — 114
105} — 103}
85' — '85'
Union Pacific. Kansis Pacific, 1st 1895 6s (N Y )...
114} — 114*
112 — 111
113} — 112
.... — ....
Union Pacific, Kansas Pacific, 1st 1896 6s (N. Y.)
113 — 112
Union Pacific, Kansas Pacific, Assented 6s Denver Div. (N.Y )
Union Pacific. Kansas Pacific, 1st Con. 6s (N. Y.) . . .
113 — 113
101 — 99*
14} — 114
104 — 101
115 — 113J
107 — 102
90* - 90J
iis* — iis*
Union Pacific, Central Branch, Utah South Div., Gen.7s (N.Y.)
Union Pacific. Central Branch Ext., 1st 1900 7s (N. Y.)
United Companies of New Jersey, Con. Cs (Phila.)
United Companies of New Ji-rsey, Gen. Mort. 4s (Phila )..
104 — 104
Virginia Midland, 1st Series 1906 (Bait.)
121 — 120
20—120
US — 117}
106* — 106}
68 — 67*
05 — 1(12'
64* — 64*
67 — 64j
120 — 120
117 — 116
ioi' — io2J
70} — 65J
73 — 6V
50 ~ 47*
117" — iie'
106* — 106*
65 — 65
104| — 103*
92 - 73
92* — 73
Virginia Midland, 2d 3911 (Bait.)
116* — 1)6
Virginia Midland, 3d Series ft 6s (Bait.)
Virginia Midland, 3s, 4s, 5s (Bait.)
Virginia Midland, 5th Seri-s 5s (Bait.)
103* — 103}
66 — 66
102 — 100*
63 — 63
65* — 63}
45 — 45
Virginia Midland. Income 6s (Bait.)
Virginia Midland, Income 6s (N. Y.).
Wabash, St. Louis and Pacific. Gen. Mort. 6s (N. Y.)
Wabash, St. Louis and Pacific, Gen. Mort. 6s Trust Rec (NY)
Wabash, St. Loui* and Pacific, Chic. Div., 5s (N. Y.) . . .
50 — 44
87} — &5
97* — 95*
90 — 90
115* — 113}
110 — 106
105 — 99*
6 5J
50* — 47*
92* — 86"
95* — 94
90* — 89}
115 — 114
109* -- 108
105} — 104}
61 — 49t
92 — 86
96 — 93
91 — 85
115* — 1131
109} — 107}
105 — 10J
56* — 53
91 — 87
93* — 92
85 — 85
115 — 112*
108} — 107*
104} — 103J
Wabash, St. Loins & Pacific. Tol., P.& W.,lst7sTr Cert (N Y )
Wabash, St. Louis & Pacific, Wabash Mortg. 1907 7s (N. Y )
Wabash, St. Louis & Pacific, Tol. & W., 1st Extend 7s (N Y )
Wabash, St. Louis & Pacific, 1st St. Louis Division 7s (N. Y ).
Wabash, St. Louis and Pacific, Tol. & W., 5>d Extend.7s(N.Y.)
Wabash, St. Lonis and Pacific, Equipment 7s (N. Y.)
Wabash, St. Louis and Pacific, Ci>ns. Conv. 7s (N Y.)
98 — 95
114 — 110J
105 — 98*
il2' — l'03f
100 — 93}
65 — 65
100 — 97
99} — 95*
113} — 112
105 — 104}
iie' — 112'
100 — 97
79 — 75
90* — 92
112} — 111
104| — 103}
97 — 97
114 — 112*
98 — 95
Wabash, St. Louis and PacihV, Grear West., 1st 7s (N. Y.).
Wabash, St. Louis and Pac., Great West., 2<l M. 7s 1893 (N. Y.)
Wabash, St. Louis and Pac.. Qnincy and Tol., 1st 7s (N Y.)
Wabash, St. Louis an-1 Pac., St.L.,K.C.,&N., Real E. 7s (N.Y.)
Wabash, St. Louis and Pac., Omiiha Division, 7s (N. Y.)
Wabash, St. Louis and Pac., Clarinda Branch 6s (N. Y.)
113* — 111
106 — 104*
95 — 95
112 — 112
09} — 97*
72 — 70
: Coupons
XXXV11
BOND VALUES— Continued.
May.
June.
July.
August.
September.
October.
November.
December.
Year.
Hiqh. Low.
114 — 110
114* — 109
114 — 109
107* — 102*
105* — 105*
119* — iis*
119 — 117}
122* — 119
High. Lnw.
117 — 114}
117 — 114
117 — 114
112} - 107*
106 — 106
115 — 114*
120 — 119
120 — 119
185 — 122*
High. Low.
118 — 117
118 — 116
116* — 116*
110} — 108*
103* — 103
112 — 112
121 — 120
120 — 120
122 — 121
High. Low.
High. Low.
High. Low.
High. Low.
114 _ 114
114* — 113
114* — 112}
114 — 109J
104} — 103|
Hirjli. Low
114* — 114*
114 — 113
114* — 113
114 — 112*
104} — 104i
Hiqh. Low.
117 — 108
118 — 105}
117 — 105*
114 — 89}
1C6 — 103
118* — 112
122* — 116*
12C* — 116*
125 — 115
119 — 114}
104 — 90
78 — 52
72 — 47
126 — 121
98 — 70
97 — 70
107* — 98
113 — 102
90 — 81
33 — 22*
112 _ 100}
114 — 105}
109* — 100
109 — 101
103 — 98
121 — ISO
tO — 68
107} — 100*
110 — 100*
71}— 46}
104* — 68*
82} — £8}
103} — 70
105} — 105f
61} — 84
75 — 72*
7£* - 45*
78 — 66
6-i - S4*
71 — 49
102* — 92*
ICO — 116
116* — 118}
119} — 114*
119* — 114
106} — 101
123} — 116
121 — 117
108* — 104
114} — no*.
116 — 110
118 — 113
109 — 9P*
90* — 85
88 — 7?*
117 ~ 113*
104} _ 102*
123 — 120
120 — 116
110 — 103*
70 — 65
106} — 100*
93} — 63
KIO — 63f
62 — 45*
67 — 44
97 — 85
106 — 91
91 — 70
115* — 110
111 — 100
105} _ 97
6—4
100 — 64*
114 — 109*
106 — 96
97 — 94
115 — 108*
105 — 92
79 — 65
118 — 116
iii' — ios'
108 — 103
113* — 113*
121* — 120
122 — 121*
123 — 120
117} — 116*
116 — 116
109} — 109
103} — 108}
114* — 114*
120 — 120
12(1* — 120
119* — 118
115} — 114*
116 — 114*
109} — 109}
103} — 1(13}
US*— 113*
118* — 118
i20J — 118}
119 — 119
120 — 120
120 — 119
123* — 121
119* — lit*
118} — llti*
123} — 120
101 — 101
70 — 68
102* — 102*
70 — 67*
102} — 102
69 — 67*
61 — 60
121 — 121
81 — 79
80* — 80
105 — 104}
110} — 110|
'28' — '27
104} — 102}
112} — 108*
103 — 103
109 — 108
103 — 102
121 — 121
.... — ....
102} — 102*
68 — 67*
104 — 102}
78 _ 67}
102 — 100
96 — 96
55* — 52
65 — 65
65 — 65
68 — 68
123 — m
78 — 77
84* — 80*
102} — 101
105* — 102
'29* — '25'
126 — 126
85 — 82*
97 — 84
103} — 102|
107* — 106
88 — 84
33 — 27*
'98' — '82*
96 — 95
103 — 100}
107 — 106*
82 — 81
20 — 28
112 — 112
111}— 11C*
109* — 108
103 — 101
99 — 99
75 — 72*
75 - 70*
105* — 103*
109} — 1085
86} — 85
26 — 25
105} — 104j
108* — 107
104} — 1034
103 — f06}
100 — 98
79 * - 75
80 — 74*
105 — 104'i
109} — 108}
90 — 85
27 — 22*
106} — 105
109 — 108t
106 — 104}
IOS} — 107*
102} — 98
82* — 79
82* — 80*
104} — 99
110} — 110}
83-83
29* — 27*
106" — 104*
112 — 111*
105 — 104
108* — IOS*
103 — 101}
81* — 79
no* — no*
82 — 82
27 — 25*
114 — 111
107} — 105}
108 — 107
103 — 101
110} — 110}
108 — 107f
105 — 105
102 — 102
110} — 110}
108} — 108
103 — 102
99| — 99*
70}— 70}
104 — 102}
107* — 106*
77 — 73
106* — 104
80 — 78i
107} — 105*
110 — 108
78 — 78
106 — 106
77 — 75
105} — 103
110 — 108
75 — 75
103 — 103
110 — 110
71} — 71
100* — 97j
80*— 79|
75 — 75
103* — 103
108 — 107i
71* - 71*
100 — 97*
82} — 80
99* — 98
75 — 75
109 — i08
l66' — '97*
ic6} — iooi
(574 r;[t
60* — 55
70} — 67}
86* — 84
61 — 59|
90 — 85
63} — 61}
96* — 88
C5 — 64
97* — 90*
104* — 90
78} — 76}
103} — 97*
100 — 99}
37*— 34
41 — 37
49}- 37*
61} — 48}
75 72*
58* — 51*
53* — 53*
75 — 75
72 — 68
73} — 68
62 — 55
64 — 58
99 — 97
116} — 116}
114* — 114
117 — 114}
116* — 115}
il9' — Hi'
60} — 56}
74 — 74
75* — 694
78 — 70}
60 — 56
71* - 7i*
77* — 70
53f—48*
58} — 53
65 — 54}
72 — 64
69 — 66f
61} — 51
52 — 52
97 — 95
68 — 66}
69} — 66
57 — 55*
59 — 58
97* — 95
116} — 116*
114* — 114*
117 - 115*
115} — 114
105} — 105}
117* — 116
117 117
36 — 34*
40 — 36
51* — 42*
51 - 49
98 — 96
116 — 116
71 — 65
101 — 99
117 — 117
114 — 114
116* — 116
116} — 116
101* — 101*
118} — 117j
117} 117}
69} — 67}
102* — 10(1
118 — 118
114 — 114
11C* — 115}
117J — 115}
102 — 102
119 — 118
99 — 97*
120 — 118
115} — 1145
118 — 117
118 — 117
ii9* — iis'
100 — 99
il5} _ ii5v
118} — 117*
1I9J. _ list
104} — 104?
121 — 119}
116 — 115*
118 — 118
116* — 115*
104} — 194*
121 — 120
iie* — iis}
iao' — iigj
104 — 104
112 — 112
105 — 105
108} — 107}
110* — 110*
114 — iiu
118 — 117*
109} — 108
90 — 90
108J- — 108*
112* — 112
114 — 113*
115 — 114*
107* — 106
iia' — iii
li5* — iiii
107} — 106}
113} — 112}
115 — 114}
114 — 113}
103 — 99}
90 — 90
112} — 112
i67} — i6.3-
90 — 90
80* — 80
117 117
112} — 112
115* — 114J
109 — 107*
87 — 85
75 — 72*
iis* — iis'
108 — 105}
110 — 110
116* — 116
108* — 105*
.... — ....
87* — 80
84 — 82
85 — 83
83 — 83
il7* — 117
107 — 107
104} — 104}
121 — 121
119 — 117*
110 — 110
iki' — i2i'
119* — 119
10?* — IOS*
123 — 122
120 — 119
i2i' — 120
117 — 116*
107 — 107
iii' — iii'
121* — i2i'
116* — 116
109 — 108}
70 67
i2i* — i20}
HC| — 116
110 — 110
104* — 104
89 — 87*
92*- 88
104} — 104
93 _ 9?}
94 — 90}
106 — 104*
93} — 93i
94 — 92
106} — 105*
91 — 91
94 — 90
105} — 104
106 — 105
105} — 105
106* — 105}
96* — 96*
99 — 95
62 — 63
67 — 62
97 — 00
105* — 103
87* — 85
115 — 112
Ul — 107*
105 — 100*
4—4
100 — 98}
113* — 110J
105 — 100
92 — 90
93 — 87
100 — 93
57 — 51
91 — 87
93* — 91
70 — 70
114 — 111
106* — 102
103} — 97
63 — 56*
92 — 87
99 — 95*
82 — 82
112 — 110
104 — 100
100* — 97}
62 — 60
89* — 87}
103 — 98
80 — 75
112* — 111?
106 — 104J
99* — 93}
65 — 60
91 — 88*
103 — 102*
85 — 82
113 — 110
107} — 105
101 — 98
64* — 62
90 — 88*
102 — 98*
84} — 84}
112* — 110
106* — 105
99 — 98J
62* — 60
90 — 88
106 — 100
85 — 82
112 — 111
107 — 106
100 — 100
5 4
64* — 60J
95* — 89*
105* — 104
85 — 82
115 — 111*
108* — 107
103* — 100}
93* — 85
113 — 109*
103* - 96
96 — 95
115 — 110*
94* - 92
73 — 73
94 — 84*
1124- — 109 i
101" — 97"
95 — 95
114 — 113*
105 — 96
72 — 70
92* — 91
112} — 111
99} — 99}
94} — 90
113 — 110
101 — 98
90 — 89
111} — 110
99 — 99
93 — 90
112 — 110
101 — 100
98 — 91
113} — 111*
103} — 100
94 94
114 — 113
103 — 101
115 — 115
104 — 97*
'98* — '97'
76* — 75
iii — iio
97 — 96
111 — 110
101 — 98}
7-2 — 70
112 — 112
off.
xxx vm
RANGE OP STOCK AND
DESCRIPTION OP BONDS.
January.
February.
March.
April.
Wabash, St. Louis and Pac., St. Charles Bridge, 6s (N. Y.)
Wabash, St. Louis and Pacific, No Mo , 1st 7s (N Y.)
High. Low
100 — 94
115 — 1121
117 — 117
127 — 127
Ifigh. Low.
100 — 100
1171 — 116
118 — 118
129 — 129
IDqh
1021
118
118
129
lOSj
108&
lOii
. Low.
— 1021
— 114
— 118
— 129
— 1071
— 101}
— 102}
High. Low.
m" — ii5*
118 — 117
125 — 125
10R} — 10?!-
103^ — 102}
103 — 102}
101 — 101
103} — 108}
103J — 103}
West Jersey, 1st 1896 6s (Philii.)
West Jersey, 1st 1899 7s (Phila )
West Jersey and Atlantic, 1st 1910 6s (Phila.)
West Shore, Guaranteed 4s (N. Y.)
104 — 101}
103f — 102}
West Shore, Guaranteed 4s Registered (N. Y )
West Virginia. Central and Pittsburgh (Bait.)
100 — 100
Western Maryland, 1st 6s 1890 Unindorsed (Bait.)
106i — 106 1
108} — 108}
102}- — 102}
106 — 105}
103}
103}
— 103
— 103J
Western Maryland, 2d Pref . 6s of 1895 (Bait.)
Western Maryland, 1st Gnar 1890 6s (Bait )
Western Maryland, Guar. Washington Co. 6s (Bait )
1031 — 103}
110 110
104 — 102}
108}
— 103}
iosi — iosi
110 — 110
94 — 94
Western Maryland 3d Guar 6s (Bait)
Western North Carolina, 1st 18907s (Bait )
Western North Carolina, Consol. 6s (Bait.)
88} — 87
111 — 111
110 — 109
119 — 117}
117 — 117
im - us*
92 — 881
118J — 113
113 — 113
120* — 120}
120 — 117}
119 — 118}
94 — 93}
Western Pennsylvania, 1st 1803 (is (Phila.) .....
Western Pennsylvania, Pitt.*bur_'h Branch, Coup. 1896 6s (Phil.)
Western Union Telegraph Co., Coup. 7s (N. Y.)
Western Union Telegraph Co., Registered 7s (N Y)
115
in
122
119
— 115
— 121
— 119
— 119
112 — 112
iao' — i2o'
119} — 119}
Wilmington, Columbia and Augusta, Us 1910 (Bait.)
Wilmington and Weldon, 1st 18'.-i6 Gold 7s (Bait )
Wilmington and Weldon, New 5s of 1935 (Bait.) , . .
109 — 106}
109 — 109
__
112 — 112
90 — 88
Wisconsin Central, 1st Series 2 5s (Bost.)
87 — 86}
47 — 45
8T} — 86}
45 — 44
91
45
— 89
- 42}
Wisconsin Central, 2d Series 2 7s (Bost.)
XXXIX
BOND VALUES— Continued.
May.
June.
July.
August.
September
October.
N ovember
December.
Year.
Ifigh. Low.
97 — 94}
117 — 116J
Hiqh. Low.
95 — 95
118 — 118
High. Low.
High. Low.
High. Low.
Hiqh. Low.
102 — 100}
117 — 116
116} — 116}
Hiqh. Low.
103f — 102}
118* — 116|
116} — 116}
High. Low.
ii<5} — lie}
High. Low.
103| — 94
120 — 112*
118 — 118}
129 — 125
109} — 106
106 — 101}
104J — 101}
100} — 100 i
106* — 101
108} — 101*
12D* — 127
104 — 102*
128 — 102
110 — 105}.
103} — 87
113J — 104
115 — 109
123 — 116 '
125 — 117
121 — 116}
123 — 122
112 — 106}
95 — 86}
59* — 35*
119} — 119
117 — 117
120 — 114}
117 — 117
127 — 127
ioi} — iooi
103J — 101|
106 — 103
102* — 101}
102 — 102
ioY — io4 '
117 — 114
128* — 127'
lOt* — 106
102 — 101}
102 — 101}
106} — 106
102} — 102
127} — 127}
103} - 1Q2J
103} - 102J
iosi — 102}
io3J - io-sj
104 — 104
1081- — 108}
105 — 10-' 4
104J — 1025
103* — 103.J
164' — io4'
109} — 109}
104 — 102}
103} — 102}
100} — 100}
101} — 101
102 — 10U
12S* — 129*
107* — i06}
IOIJ — 101|
101} — 101|
i67} — i07
106 — 101}
105} — 101}
ioe' —ioij
105} — 101}
106 — 106
i28" — 125'
105} — 105}
102J — 102}
102} — 102}
127 — 127
102} — 102}
103 — 102
102} — 102}
102} — 102}
ius' — 102}
104 — 104
107 107
105} — 105}
95 — 94
103} — 96
101} — 101
.... — ....
ioif - ioij
109} — 109*
105 — 104
111 — 111
123 — 123
122} — 122}
iii' — Hi
123 — 123
108 — 108
113 — 112
117 — 116
iig} — ii9}
114 — 113|
119 — 119
119} — 119
iss' — 123
111* — HI}
120 — 120
120 — 120
118} — 118}
121* — 121
12H — 121
119 — 118}
122} — 122}
125 — 125
120* - 120}
121 — 120
123 — 122i
12,2} — 122
111 — in
89 — 87
40 — 3E*
111} - 111}
91 — 89
42 — 39}
ii6} — ii6}
9H — 90
47} — 39
110} — 110}
91* — 90
49f — 48
111 — 111
91 — 89
49 — 49
90* — 83}
49}- 41}
95 — 90
59} — 50
95 — 92
57} — 54}
xl
SUPPLEMENTARY STATEMENT,
Giving range of prices of more active stocks on New York Stock Exchange, for the first six
months of 1887 :
STOCKS.
January.
February.
March.
April.
May.
June.
Six Months.
Atlantic and Pacific
Canadian Pacific
Hiqh. Low.
12} — 11
68| — 63
63* — 55
15* — 14
68} — 55*
43} — 35J
»!• — 8|
17 - 154
10 — 91
138} - 136J
91 — 874
118 — 117*
115 — 111
140 — 139
12fi* — 125
18} — 16|
40} — 35
51} — 464
109J — 106*
7—6
10—8}
65J — 60}
40| — 35J
39} — 34
86* — 79
104* — 101}
138 — *133
28} — 24
66 — 56}
17 — 13|
82* — 72
32 — 23}
23 — 23
48* — 42
135 — 133
17f — 15
Hiqh. Low.
12i- 10*
63} — 59J
60* — 52}
15} — 10
71} — 65
38} — 33
8* — 8
16 — 15}
10} — 10
140} — 137}
92*- 85}
121* — 117}
116* — 110
142 — 138}
126} — 125|
18* — 16
41 — 38
50 — 45*
109* — 106
5} — 58
9f - 8}
65 — 59
39* — 35.!
37} — 34
86* — 84
103} — 1003
137| — 1315
26 — 22J
614 — 57
14} — 12}
77* — 72
264 — 21}
i32} — i28J
18 — 12}
Hiqh. Low.
13* - 11|
62* — 59*
62* — £6}
11 — 10
73 — 67
40* — 35}
8*- 8}
15} — 15
10—9}
140 — 137*
933. _ x89j
122 — iH8}
121| — 114*
149 j _ *l40f
127 — 124?
19|- 17*
45* — 38
51} — 48
112} — 108
5*- 4}
10—8
65} — 62
42 — 37
36} — 2P*
a5} — 85}
102 — lOOi
1364 — 13?*
30* — 24*
64} — 59}
13* — 12}
76} - m
25* — 23
42* — 24*
40} — 37'
132 — 129
27 — 22}
Hiqh. Low.
14} - 12*
66 — 62
63 — 59}
134 — 11*
86} — 72}
43} — 394
9* — 8
15} — 14}
10* — 10}
147* - 139*
93f - 90*
122 — ISO
121} — 119
151* — 146
130 — 125i
22 — 18}
52* — 44
53} — 51 J
113} — 111}
6* — 5
10*- 8}
68 — 65
49} — 41*
34 — 30
86* — 84
105} — 101J
ISf* — 134}
32} — 30
65 — 61
14*- 12}
76* — 74
26} — 24}
'45} — '374
135} — 129
27} — 24
24} — 24*
High. Low.
15 -< 13}
65* — 62}
64} — 60i
15 — 12"
82} — 79
41* — 40}
8} — 7
14 — 13
Hiqh. Low.
15* — 13
62} — 59
63*— 56}
12 — 8
84} — 73}
41* — 36}
7*- 7
13} — 1C*
Hiqh. Low.
15} - 10*
68} — 59
64}— 52}
15} - 8
86*— 55*
43}- 33
9* — 7
17 — 10*
10* — 9*
156 — 136J
95 — 86*
127* — 117*
1574 — 110
153} — 138*
140* — 124}
22 — 16
52* — 35
54} - 45*
117} — 106
7-4*
10*- 7*
68 — 58
53} — 35*
39} — 28}
89 — 78*
105} — 100
1S9* — 130
324 — 22}
681—56*
17 — 12*
82* — 69*
32 — 21*
49 — 23
62* — 30
138 — 120*
27} - 12*
24} — 18
fiO*— 53
98J — 90
99* — 93
70* - 57*
67} — 57
161* — 115
64* - 51
95* — 86
9,'* _ 60*
1185- — 98
20} — 15
474 — 36
34* — 26*
112 — 92
19* - IS}
141* — 127*
88} — 79*
1144 — 109
20} - 6}
37* — 18
36* — 29*
76 — 65*
(56 — 45}
20* - 17
14} — 10*
38* — 30
23} - 17*
:>.•>• — 43*
335- - 26*
63* — 56*
Canada Southern
Central Iowa
Central of New Jersey. . .
Cen* ral Pacific
Chesapeake anil Ohio
Chesapeake <fc O.,lst pref
Chesapeake & O.. 'id pref
Chicago, Burl. & Qnincv.
Chicago. Mil. & st. Paul.
Chic.,Mil.&St.P;iul,pref.
Chicago & Northwestern
Ch. & Northwestern. pref
Chic., Rock Ifl & Pacific.
Chic.,St.Lonis & Pittsb'h
Chic.,St.L. & Pitts., pref.
Chic. St. P.,M. &O....
Chic., St. P., M.&O.. pref
Cin., Wash. & Baliimore
Cin., Wa?h. <fc Biilt..pref .
Clev.,Col.,Cin.&Ii)d'polis
Col. Coal and Iron Co —
Col., Hock. Val. & Toledo
Consolidated Gas Co. ....
Delaware and Hudson . . .
Del., Lacka. & Western..
Denver and Rio Gralide..
Den. & Rio Grande, pref.
EastTenn., Va. and Ga..
E.Tenn.,Va.& Ga.,l>t pr.
E.Tenn.,Ya.&Ga.,2dprf.
Fort Worth and Denver..
Houston & Texas Cent. .
Illinois Central
156 — 147*
!)5 — 90<
127* — 120
126* — 120}
153 — 149}
140J — 129
20* — 18}
52 — 49
54| — 51}
117} — 112}
"84- "8*
67* — 65
53} — 47?
37 — 30*
89 — 85
105} — 102J
139} — 136.!
32* - SO&
67| — 62}
15* — 13
78 — 74}
28} — 25
38 — 35}
62* — 47}
138 — 133}
25* — 24
24} — 23
60} — 58
984 — 95
9!"} — 95
69} - 665
64 — 61
!60| — 158
62 — 59
9£* — 92}
94} — 91
118* — 115
20* — 181
48* — 43}
33} — 31}
114 — 107t
16} — 16
140 — 140
87 — 82}
1144 — 1124
20} — 19
37*- 34
36* — 33?
76 — 72}
61} — 55
16* — 181
13* — 12;
37} - 3 i}
23 — 20}
551 — 51}
83} — 2;>Z
63* — 61 j
148} — 140
94*— 80*
125* — 119
157f — 115
153} — 149
136* — 127*
IK* — 10
49* — 40
54} — 484
118* — 112*
5—5
8*- 7*
65J — 58
51} — 44}
33* — 2-tj
84}- 78}
1044 — 100
13!)* — 130
32} — 23
68} — 63}
14* - 12}
77 — 69*
28 — 24
49 — 41}
30 — SO
137} — 120}
24} — 20
24 — 18
59} — 53
98* — 95i
98* — 97*
684 — 62}
67} — 57
161 — 115
61 — 55
94*— 87
94 - 87'*
118} — 110J
18} — 15
474 - 36
32 — 26]
110} — 92
15* — 13}
1374 - 136.'
86} — 79]
113} — 109
19} — 17
36} — 31
34 J — 30j
74* — US
59} — 45}
18} - 17}
12* — 10}
861—30
21 — 17}
53} — 44}
33 J — 31}
62* — 58j
Ind., P.loom. & Western.
Lake Erie and Western .
Lake Erie & West., pref.
Lake Shore
96* — 91
95 — 93
67* — 60}
65} — 58
158* — 151
08* — 51
93* — 8H
70* — 66}
100* — 88
19} — )8
45} — 42
33} — 28}
109* — 105
19* — 154
140* — 139*
as} — si
114* — 111}
15 — 9{
28 — 20
314 - 30J
73} — 65}
57} - 51
20* — 17
12| - ll|
34* - 81*
Ml- 18
54 — 45
28 — 26}
61| — 66}
96* - 90
98 — 94*
62} — 57}
63} — 61
157* — 155*
60 — 56
91 — 86
75} — 69
104 — 99
19*- 17*
44* — 40*
32* — 26}
110* — 104$
16* — 15
141* — 139
86} — 79}
114* — 110
11} - 6}
23 — 18
34} — 29 i
74} — 65*
624 — 55}
IS* — 16
14* — 11
38* — 81
22 — 17*
49} — 43}
28* — 211}
604 — 56}
96* — 93.)
97* — 95
66* — 60«
63* — 60}
157* — 155
58} — 55
93} - 88*
90* — 75
lllj _ 102
19J - 17}
44* — 42
324 — 30
109} — 105*
17 — 16
133 — 127*
85 — 83
113* — 111*
20 — 16}
3'i* — 27
34} - 33}
73} — 70}
66 — 59J
18}- 17}
134 — 124
37* - 34}
22 — 19J
51 - 47}
28 — 274
60} — 68*
90* — 94*
97} - 95*
70* — 65*
67 — 61
161 i — 155}
64* — 58
93* — 90{
9x* — 87
115} — 109
20* — 18}
45} - 43*
34} — 814
1094 — 107*
18} — 16
139} — 137
87* - 82}
114 — 112'
20* — 18*
35 — 31
35} - 33J
74* — 72}
65* — 56}
19* — 18*
13J — 13
an* — 865
22} - 20j
54* — 60
3"} — 28*
62j — 60
Long Island
Lou'sville and Nashville.
Louisville, N. A. & Chic.
Manhattan Cons
Memphis and Charleston
Michigan Central
Milwaukee, L. 8. & West
Mil., L. S. & West., pref.
Minn, and St. Louis .
Minn, and St.Louis, pref.
Mo., Kansas and Texas. .
Missouri Pacific
Mobile and Ohio
Morris and Essex
Nash., Ci.att. & St. Louis
N. Y. Central & H. River.
N. Y., Chic. & St. Louis.
N.Y.,Ch., &St. Lo.,pref.
N. Y., L. E. & Westi-rn..
N.Y.,L.E.&Western, pref
N. Y. & New England...
N. Y., Ont. & Western ..
N. Y., Susq. & Western.
N.Y..Sus.<fc Western.pref
Norfolk and Wt^tern
Norfolk & Western, pref
Northern Pacific
Northern Pacific, pref...
xli
RANGE OF STOCK AND BOND VALUES— Continued.
STOCKS.
January.
February.
March.
April.
May.
June.
Six Months
Ohio and Mississippi
Ohio Southern. . . ...
High. Low.
29* — 23f
21 — 19
47 — 40
104} — 97*
31 — 29
34* — 29|
53} — 48i
35} — 30*
42* — 36
147* — 139*
9* — 8
53" — 40
'95' — '87'
35 — 30
33 — 30
67f — 63
117* — 112
61} — 56
108* — 107*
117 — 113*
36} — 35
26} — 22}
62 — 55}
42 40
High. Low.
28} — 22}
18 — 18
43 — 38
102 j — 96}
'33} — '29}
57* — 49*
36} — 33.',
38* — 34"
147} — 143}
11* - 8*
81} — 78}
89 — 79*
34 — 32
32} — 30
65} — 61*
113} — 112
63* — 57*
109* — 108
119} — 113
35} — 35
29* — 20}
59* — 53!
High. Low.
31} — 27
20} - 17
41} — 38
103 — 99*
29* — 26
334 — 30}
56* — 53*
35} — 32}
395 — 36*
153* — 146*
10} - 5}
47 J- 37}
78 — 72
87 — 86
33} — 30
34* — 31}
70* — 65}
116* — 113
62* — 59*
109} _ 107}
118} — 115
35 — 29}
30* — 26
61* _ 55*
40 35
Hiqh. Low.
32* — 30}
2l£ _ i9j
43} — 39
103} — 100
30* — 29
35} — 33*
58} — 55
36} — 34*
47} — 39
153 — 151
7—6*
42* — 37*
76* - 71*
90} — 86
34} — 33*
40* — 33*
80* — 69
118* — 115*
69! — 62*
109} — 108^
11H* — 113*
40* — 34
31* - 27}
63* — 60*
High. Low.
31 — 29|
22 — 19}
54} — 39
105} — 102
29 — 28
35} — 33?
57j. _ 54a
39} — 35
47* — 43}
159} — 150
6}- 5}
41*- 38*
76 - 72*
93* — 90
44 — 34.1
44} — 37
84*- 77*
119* - 117
90 — 62}
114 — 108*
120* — 114}
34* — 34*
63} — 60}
42} — 35
22} — 20}
38* — 35}
78* — 75*
High. Low.
30* — 26*
19 — 19
53 — 44
104 — 96*
29* — 28
34} — 28
55f - 43}
881- — 32*
53} - 47}
157* — 147*
4—2*
39} — 26
75} — 67}
91 — 80
45} - 42
43* - 35
83} — 72
119* — 112
95 — 78}
113} — 112
120* — 114
34* — 31
34} — 25
61 J — 55*
45* — 40
20} — 17*
36} — 32
79 — 67*
High. Low.
32* — 22}
22 — 17
54} — 38
105} — 96*
31 — 26
35} — 28
58f - 43}
39* — 30*
53} — 34
159} — 139*
11* - 2*
53 — 26
81} — 67}
95 — 79i
45} — 30'
44} — 30
84* — 61*
119* — 112
95 — 56
114 — 107}
120} — 113
40* — 29}
35} - 20*
63} — 53}
45* — 35
22} - 13*
38* — 23}
78*- 67*
Oregoir Improvement
Oregon Railway & Nav. .
Oregon Short Line.
Oregon & Transcontin'l .
Pacific Mail
Peoria. Decatur & Evans.
Philadelphia & Reading..
Pullman Palace Car Co. .
Richmond & Allegheny..
Rich. & West Point Ten.
Rich.&W.Pt. Tenn., pref.
Home, Watertown & Og.
St. L., Alton &TerreH..
St. Louis and San Fran. .
St.L. and San Fran., pref
SI.L.& San Fran., 1st pref
St. Paul and Duluth
St. Paul & Duluth, pref..
St. Paul, Minn, and Man.
Southern Pacific Co
Texas and Pacific.
Union Pacific
Virginia Midland
Wabash, St. L. & Pacific.
Wab., St. & Pacific, pref.
Western Union Tel
19 — 13}
35 — 25.V
76 — 71
19 - 13*
31* - 23}
76 - 70|
19} — 16}
34-29
78} - 73*
OO J(J5
37* — 33
77J — 75}
xlii
No. 142 South Fourth Street,
PHILADELPHIA.
Capital, $5OO,OOO. Charter Perpetual.
Negotiates State, municipal, and individual bonds and mortgages. Acts as trustee,
executor, administrator, guardian, assignee, committee, receiver, agent, surety, and
attorney. Insures the title to real estate and mortgages, and against loss by mechanics'
liens and decedents' debts. Collects rents, interest, dividends, and mercantile accounts.
Receives money, bonds, and other securities for safe-keeping, and insures against loss.
Assumes the care of wills without charge. Guarantees rents, and the principal and interest
of mortgages and bonds.
Investments of the Solicitors' Company.
TWO PER CENT. ON DEPOSITS.
Subject to check on demand without notice.
THREE 65-100 PER CENT. SAVING FUND CERTIFICATES.
Issued in sums of $10 and upward, payable on giving ten days' notice, and exchange-
able without prior notice for the five per cent. Debentures of THE SOLICITORS' COMPANY,
in sums of
FOUR PER CENT. MORTGAGE COLLATERAL BONDS.
Issued in any amount over $100, in the discretion of the investor, secured upon a single
designated mortgage on real estate in the City of- Philadelphia, assigned to The Land Title
and Trust Company, trustee.
FIVE PER CENT. DEBENTURES.
Issued in denominations of $100, $500, and $1,000, secured by first mortgages upon
improved Western real estate, in the hands of The Philadelphia Trust, Safe Deposit, and
Insurance Company, trustee.
SIX PER CENT. GUARANTEED GOLD MORTGAGES.
SEVEN PER CENT.
Issued in various amounts, secured upon real estate in Portland and the neighboring
cities and towns, and upon improved farm lands in Oregon and Washington Territory.
The principal and interest of all these securities is payable at the offices of THE
SOLICITORS' COMPANY in Philadelphia. Descriptive circulars sent on application.
OFFICERS.
RICHARD W. CLAY, President pro tern.
THEODORE FROTHINGHAM, Secretary and Treasurer.
RICHARD S. HUNTER, Solicitor.
H. B. TYLER.
WILLIAM HACKER.
T. DEWITT CUTLER.
JUSTICE COX, JR.
DIRECTORS.
WILLIAM B. SCOTT.
LEWIS H. REDNER.
WILLIAM C. BULLITT.
WILLIAM L. WAGNER.
FRANK T. PATTERSON.
JOHN M. SHRIGLEY.
WILLIAM T. TIERS.
CHARLES F. BERWIND.
POOR'S
MANUAL OF RAILROADS
OF THE
UNITED STATES.
1887.
GBOUP I.— Railroads of the New England States— Maine, New Hampshire, Vermont, Massachu-
setts, Rhode Island, and Connecticut.
ATLANTIC AND ST. LAWRENCE RAILROAD COMPANY.
Main Line of Road.— Portland, Me , to Island Pond, Vt 149.37 miles.
Berlin Falls Branch : Junction to Berlin Falls, N. H 1.25 miles.
Total A. & St. L. ER. proper (Me., 82.55 ; N. H., 53.27 ; Vt,, 14.80) 150.62 miles.
Sidings, etc., 29.23 miles. Gauge, 4 ft. 8£ in. Bail (steel, 149.37 miles), 65 Ibp.
History. — Chartered in Maine, February 10, 1845 ; in New Hampshire, July 30, 1847 ;
and in Vermont, October 27, 1848; authority being granted in the latter State for the con-
struction of the line from the New Hampshire State line to the Canada boundary. Construc-
tion commenced July 4, 1846, and road opened from Portland to Island Pond, Vt., January
20, 1853. On the 5th of August, 1853, the line was leased to the Grand Trunk Ry. Co. of
Canada for 999 years, the lessee assuming all outstanding obligations and guaranteeing 6 per
cent, on the stock.
Operations for year ending September 30,1886. — Train mileage — passenger, 177,041;
freight, 438,130 ; mixed, 203,658 ; other, 38,870— total, 857,699 miles. Passengers carried,
256,961 ; carried one iniJe, 9,278,931. Tons freight moved, 793,105 ; moved one mile, 88,-
317,331.
Earnings.— Passenger $229,960 20
Freight 735,663 14
Mail 19,043 76
Express and Baggage 15,873 17
Total ($6,042.81 per mile) $1,000,540 27
Expenses.— Maintenance of Way $155,808 40
Motive Power and Cars 309,746 64
Transportation 238,717 72
Miscellaneous and Taxes 42,796 42
Total ($4,959.96 per mile) , . . . $747,069 18
Net earnings (25.33 per cent.), |253,471.09 : rents received, $2,343.77 ; total net revenue,
$255,814.86. Dividend charge under lease, $330,684.80.
DIVIDENDS.— From January 1, 1854, to July 1, 1860, 14 semi-annual dividends of 3 per
cent, each were paid by the lessees. From the latter date an interval of 2£ years elapsed,
during which no dividends were paid. Subsequently a dividend of 15 per cent., the amouut
of the 5 unpaid dividends, was paid in 4 per cent. 10-year scrip, exchangeable at maturity
into stock of the company. On the 1st of July, 1863, the payment of regular dividends was
resumed and continued until January 1, 1873, at the rate of 4 per cent, per annum, payable
half-yearly — 20 semi-annual dividends. From July 1, 1873, to July 1, 1886, inclusive, 27
semi-annual dividends of 3 per cent, each were paid, making sixty -one regular cash divi-
dends, aggregating 163 per cent., paid to date. In addition, the stockholders were, during
the progress of construction, allowed interest on their subscriptions fts part of the cost of road.
Financial Statement, September 30, 1886.— Capital stock, $5,484,000; funded debt
1
2 POORS MANUAL OF RAILROADS.
(City of Portland bonds, 1st mortgage 6s— due November 2, 1886, $246,000; November 2, 1887,
$233,000; November 2, 1888, $308,000 ; 2d mortgage 5-20 bonds of October 1, 1864, £:j09,900,
or $1,499,916 ; 3d mortgage 5-20 bonds of May 1, 1871, £147,300, or $712,933 ; balance due
on exchange of bonds, $152), $3,000,000 — total, representing cost of road, etc., $8,484,000.
Par value of stock : Currency, $100 ; sterling, £100, or $484. Of the bonds $2,213,000 are
held by the Grand Trunk Ry. Co., which issued against them its 5 per cent, perpetual deben-
ture stock.
The sinking fund for the redemption of the City of Portland bonds amounted July 31,
1886, to $577,139.28, invested as follows : City of Portland bonds, $409,000 ; county bonds,
$5,000; City of Saco bonds, $3,500; United States bonds, $10,000; loans on collateral,
$66,000 ; real estate, $15,000 ; deposit on interest, $1,139.28 ; Portland Water Co. bonds,
$67,500— total, $577,139.28.
The $246,000 City of Portland bonds due November 2, 1886, were paid at maturity from
the sinking fund, of which there remained January 1, 1887, $347,109.15.
Annual meeting, first Tuesday in August. Dividends are payable February and August,
at Portland, Maine, on $ shares, and March and September at London, England, on £ shares.
Stock may be voted immediately after transfer.
The Grand Trunk Railway Act of 1884 gave that company power to redeem the rental
payable to the Atlantic and St. Lawrence Co. by the issue of 4 per cent, debenture stock.
LINES LEASED OK OPEBATED BY A. & ST. L. RR. Co.
LEWISTON AND AUBURN BRANCH RAILROAD.-Lewigton. Me., to Auburn, Me., 5.50
miles ; total track, 5.75 miles. Chartered in 1872 ; road opened in 1873, and leased to the Grand Trunk Ry. Co.
for 99 years from March 10, 1874, for $18,000 per year, being (5 per cent, on $150,000 stock and $150,000 bonds.
Stock and bonds due 1893, the latter owned by cities of Lewiston and Auburn. DAVID COWAN, President ; F. W.
Parker, Treasurer ; R. C. Pennell, Secretary. CORPORATE OFFICE, Lewiston, Me.
NORWAY BRANCH RAILROAD.— South Paris to Norway, Me. .1.50 miles, with 0.75 mile sidings.
Opened in December, 1879. Leased to Grand Trunk Ry. Co. (in report of which its operations are included) for
99 years from May 1, 1880, at a nominal rental of $1 per annum. Capital stock (all of which was paid to Grand
Trunk RR. Co.), $8,750. GEO. L. BEAL, President ; Howard D. Smith, Treasurer ; Freeland House, Secretary.
CORPORATE OFFICE, Norway, Me.
Board of Directors Atlantic and St. Lawrence RR. Co., elected August 3, 1886.
Charles E. Barrett Portland, Me.
Franklin R. Barrett.. .Portland Me.
Francis K. Swan Portland, Me.
George P. Wescott Portland. Me.
Alex. T. Gait Montreal, Que.
One vacancy.
Joseph Hickson Montreal, Que.
Philip Henry Brown . . Portland, Me.
Harrison J. Libby Portland, Me.
JOSEPH HICKSON, President Montreal, Que.
Treasurer— Charles E. Barrett Portland, Me. | Secretary— F. R. Barrett Portland, Me.
PRINCIPAL OFFICE AND ADDRESS Portland, Me.
BANGOR AND KATAHDIN IRON WORKS RAILWAY COMPANY.
Line of Road. — Milo Junction, Me., to Katahdin Iron Works, Me 18.9 miles.
Sidings, 1.50 miles. Gauge, 4 ft. 8* in. Rail, 56 and 60 Ibs.
History.— Chartered February 22, 1876. Organized August 2, 1881. Road opened in 1882.
Rolling Stock. — Locomotive engines (owned, 2 ; leased, 1), 3. Cars — passenger, 2 ; bag-
gage, etc., 1 ; freight (platform, 20; coal, 10), 30 — total, 33.
Operations for year ending September 30, 1886. — Train milenge — passenger, 11,900;
freight, 11,900; other, 2,600— total, 26,400 miles. Passengers carried, 11,798 ; carried one
mile, 125,548. Tons freight moved, 14,532 ; moved one mile, 141,188. Earnings — passenger,
$6,602.78; freight, $12,478.14 ; mail, express, etc., $1,131.77— total, $20,212.69. Operating
expenses, $15,287.77. Net earnings, $4,924.92 ; other receipts, $48 — total available revenue,
$4,972.92. Paid bond-interest, $6,000. Deficit, $1,027.08, which was advanced by the stock-
holders.
Financial Statement, September 80, 1886.— Capital stock, $120,000; funded debt (1st
mortgage 6 per cent. 20-year bonds, due July 1, 1901, interest payable at First National Bank,
Bangor, Me., January and July, $100,000; income 2d mortgage 6 percent. 30-year bonds,
due July 1, 1911, $120,000), $220,000 ; current account.-, $7,500 ; other liabilities, $6,117.70 ;
profit and loss, $4,972.92— total, $358,590.62. Contra: Cost of road, equipment, etc., $335,-
POORS MANUAL OF BAILAOADS.
139.07; materials and fuel, $807.44; bills receivable, $7,233.41 ; current accounts, $14,059.44;
caali, $1,351.26 — total, $3o8,590.62. Interest payable, First National Bank, Bangor, Me.
Directors. — Charles V. Lord, Henry McLaughlin, F. W. Carr, Clias. A. Gibson, Charles
Hamlin, Bangor, Me.
CHARLES V. LORD, President Bangor, Me.
Frank W. Cram, Treasurer and Superintendent Bangor, Me.
PRINCIPAL OFFICE AND ADDRESS Bangor, Me.
BANGOR AND PISCATAdTJIS RAILROAD COMPANY.
Line of Road. — Oldtown, Me., to Greenville, Me 76.50 miles.
Sidings, etc., 4.3 miles. Gauge, 4 ft. 8| in. Rail (steel, 21.5 miles), 56 Ibs.
History. — Chartered March 5, 1861 ; road opened from Oldtown to Dover in December,
1869 ; to Guilford, November, 1871 ; to Abbott, December, 1874; to Blanchard, in May, 1877,
and to Greenville, July 14, 1884. On opening of this road to Abbott, in 1873, it was leased
to the European and North American Ry. Co., which operated it until December 1, 1876,
when the owners resumed possession, default having been made in rental due October 1,
1876. Surveys were begun in February, 1887, for a new short line to Bangor from Milo
Junction on this road.
Rolling Stock, September 30, 1886. — Locomotive engines, 5. Cars — passenger, 5 ; bag-
gage, mail, and express, 3 : freight (box, 43 ; platform, 88), 81 ; other, 1 — total cars, 90.
Operations for year ending September 30, 1886. — Train mileage — passenger, 59,857 ;
freight, 51,332 ; other, 6,550 — total, 117,739 miles. Passengers carried, 46,692 ; carried one
mile, 1,532,731 ; average mile-rate, 3.35 cents. Tons freight moved, 54,798; moved one mile,
1,902,529; average ton-mile rate, 4.53 cents. Earnings — passenger, $51,283.15; freight,
$86,270.83 ; mail and express, $6,935.97 ; other, $199.18— total, $144,689.13. Operating ex-
penses, $81,467.49. Net earnings, $63,221.64. Paid for interest on bonds held by City of
Bangor, $43,000 ; on extension bonds, $15,000— total, $58,000. Surplus, $5,221.64.
Statement showing the earnings, gross and net, for nine years :
1878* 1879* 1880* 1881* 1882* 1883* 1884t 1885t 1886t
Gross earnings.. $72, 703 874,255 $8H.955 $104,535 $123,664 $122,259 $128,039 $137,787 $144,689
Net earnings.... 29,646 26,141 36,651 43,712 60,501 67,629 61,139 53,291 63,222
Financial Statement, September 30, 1886.— Capital stock ($50 shares), $357,148.50 ;
funded debt, $1,225,000; current accounts, $503.39; unpaid coupons, $336,552.85 — total,
$1,919,204.74. Contra: Construction, $1,599,471.18 ; equipment, $110,200.07; materials and
fuel, $8,039.67 ; bills receivable, $17,088.30 ; cash, $15,542.13 ; profit and loss, $168,863.39—
total, $1,919,204.74.
The funded ($1,225,000) consists of—
Bangor City Loan 6 per cent. 30-year $1,000 coupon bonds, due" April 1, 1899, interest April and October.. $600,000
Biinsfor City Loan 7 per cent. 30-year $1,000 coupon bonds, due April 1, 1899, intere-t April and October. . 3'.'5,000
Greenville Extension 5 p. c. 30-year $500 & $1,000 coupon bonds, due April 2, 1913, interest April & October 300.000
Annual meeting, 3d Wednesday in March. H. W. Blood (Treasurer) Registrar of Stock.
Directors (elected March 16, 1887).— E. B. Neally, A. G. Wakefield, C. L. Marston, John
Cassidy, L. J. Morse, Isaac Strickland, F. 0. Beal, C. P. Stetson, B. B. Thatcher, Bangor,
Me.
E. B. NEALLY, President Bangor, Me.
Secretary ar.d Treasurer— H.. W. Blood — Bangor, Me. | Supt. and Pur. Agt.— Arthur Brown Bangor, Me
PRINCIPAL OFFICE AND ADDRESS .Bangor, Me.
BENNINGTON AND GLASTENBURY RAILROAD COMPANY.
Line of Road.— Beimin<rton, Vt., to Glastenbury, Vt 8.97 miles.
Sidings, 1 mile. Gauge, 4 ft. 8 in. Rail, 40 Ibg. per yard.
History. — This road was built in 1872 to connect the mills and coal works at Glastenbury
•with the railroads centering at Bennington.
* Calendar years, t Years ending September 30.
4 POOR'S MANUAL OF RAILROADS.
Rolling Stock. — Locomotive engine, 1. Baggage, mail, and express car, 1.
Financial Statement.— Cost of road, $150,000 ; cost of rolling stock, $12,500— total,
$162,500, representing the investment of the company owning the mills and road.
Directors (elected January 25, 1885).— Russell C. Root, William Butler Duncan, Peter
W. Ostrander, Abia A. Selover, New York City; John G. McCullough, Henry G. Boot, George
W. Harmon, Bennington, Vt.
RUSSELL C. ROOT, President New York City.
Sec. and Treas.—Gzo. W. Harmon. Bennington, Vt. | Qen. Supt.—Amoe Aldrich Bennington, Vt.
PRINCIPAL OFFICE AND ADDRESS Bennington, Vt.
BENNINGTON AND RUTLAND RAILWAY COMPANY.
Main Line of Road. — Rutland, Vt., to Bennington, Vt 57 m.
North Bennington Branch : North Bennington to State Line, N. Y 2 " — 59 miles.
Sidings, 5.25 miles. Gauge, 4 ft. 8£ in. Rail, steel (59 miles), 60 Ibs.; iron, 56 Ibs.
History. — Chartered as Western Vermont RR. Co., November 5, 1845; opened to the
Troy and Bennington RR., at New York State Line, in July, 1852 ; from North Benn'mgton
to Bennington in 1854. On January 1, 1857, the mortgage trustees took possession of the
road, and in February, 1870, it was consolidated with the Lebanon Springs RR. under the
name of the Harlem Extension RR. Co. In 1878, the whole line, as consolidated, was leased
to Central Vermont RR. Co., but the lease was abandoned in 1877, and the road reverted to
the mortgage trustees of the original companies. Since September 10, 1877, the Vermont
line has been operated by the reorganized Bennington and Rutland Ry. Co.
Rolling1 Stock, June 30, 1886. — Locomotive engines, 12. Cars — passenger, 9 ; baggage,
mail, and express, 7 ; freight (box, 63 ; platform, 115), 178 ; other cars, 14 — total cars, 208.
Operations for year ending June 30, 1886. — Train mileage — passenger, 115,680 ; freight,
65,625; other, 9,700 — total, 191,005 miles. Passengers carried, 118,822 ,* carried one mile,
2,625,4*29; average mile rate, 3.52 cents. Tons freight moved, 89,460; moved one mile,
2,624,502; average ton-mile rate, 3.57 cents.
Earnings.— Passenger $92,521 81
Freight 93,55980
Mail 9,26772
Express 4,800 CO
Miscellaneous 5.7'. 2 63
Total ($3,490.20 per mile) $205,92196
Expense!.— Transportation $49,07640
Motive Power 18,14600
Maintenance of Cars 13,396 33
Maintenance Way and Buildings 84,227 11
General 10,68336
Total ($2,975.07 per mile) $175,529 20
Net earnings (14.76 per cent.), $30,392.76. Paid interest on bonds, $33,250. Balance,
deficit, $2.857.24. Deficit from last year, $4,624.12 ; deficit as p( r balance sheet, $7,481.36.
Financial Statement, June 30, 1886.— Capital stock (par, $50) authorized, $1,000,000;
issued, $502,000; funded debt, 1st mortgage 7 per cent. 20-year coupon bonds, $1,OUO each,
due November 1, 1897, interest payable May and November, $475,000— total, $977,000, repre-
senting cost of road and equipment to present company.
GENERAL BALANCE SHEET, June 30, 1886.— Assets : Material and fuel, $6,226.80 ; current
accounts, $14,915.35; cash on hand, $341.34; profit and loss, $7,481.36— total, $28,964.85.
Contra : Current accounts, $28,964.85.
Annual meeting, first Tuesday in July. Dividends payable at North Bennington, Vt. ;
whole number paid to date, 5, aggregating 18 per cent., or $90,360.
Directors (elected July 6, 1886).— J. G. McCullough, T. L. Park, C. E. Houghton, North
Bennington, Vt. ; F. B. Jennings, New York City, N. Y.; G. W. Harmon, Bennington, Vt.
J. G. MCCULLOUGH, President North Bennington, Vt.
F. B. Jennings, Vice-President New York City, N. Y.
Treanirer—C. E. Houghton N. Bennington, Vt.
Auditor— W. G. Shaw. N. Bennington, Vt.
Secretary— G. W. Harmon Bennington, Vt.
Supt. & Purch. Agent— E. D. Bennett. .Bennington, Vt.
PRINCIPAL OFFICE AND ADDRESS North Bennington, Vt.
POOR'S MANUAL OF SAILBOATS.
BOSTON AND ALBANY RAILROAD COMPANY.
Main Line of Road.— Boston, Mass., to Albany, N. Y 201.65 miles.
( Athol : Springfield to Athol* 46.51
Grand Junction : Cottage Farm to East Boston 9.30
Newton Lower Falls : Riverside Junction to Newton Lower Falls ... 1.10
— i Newton Highlands : Beacon St., Boston, to Riverside Junction 9.89
a \ Saxonmlle : Natick'to Saxonvil le 3 . 70
2 Milford : South Framingham to Milford 12.00
^ I Millbury : Millbury Junction to Millbury Village 3.00
( Chatham and Hudson : Chatham, N. Y., to Hudson, N. Y 17.33— 1C2.83 miles.
.. ( North Brookfield RR. : E. Brookfield to N. Brookfield 4.00
^ I Pittsfield and North Adams RR. : Pittsfield to N. Adams 18.55
•( Ware River RR. : Palmer to Winchendon 49.35
Spencer ftR. : South Spencer Station to Spencer 2 . 18
{Prov., Webster & Springfield RR. : No. Webster to Auburn Station.10.11— 84.19 miles.
Total length of lines owned (304.48) and leased (84.19) 388.67 miles.
Average mileage^operated during fiscal year 387.42 miles.
3d track, 217.59 ; 3d and 4th track, 18.94 ; sidings, etc., 215.99 m. Total track owned (steel,
594.14; iron, 149.33), 743.47. Gauge, 4 feet 8^ inches. Rail, 60 to 72 Ibs.
History. — This company is a consolidation of the Boston and Worcester, the Western,
the Albany and West Stockbridge and the Hudson and Boston Railroad Companies. For full
sketch of its history see MANUAL for 1835, page 43. During the past fiscal year a three-mile
extension of the Newton Highlands branch, known as the Newton Circuit RR., was built and
formally opened May 16, 1886.
Rolling Stock, September 30, 1886. — Locomotive engines, 245. Cars — passenger, 234;
baggage and postal, 53 ; freight (= 8-wheel), 5,570 ; othef cars, 636— total cars, 6,485. Also,
13 snow-ploughs.
Operations for year ending September 30, 1886. See tab'ulated statements below.
Expenses.— Transportation . . $3,396,994 10
Motive Power 471,987 06
Maintenance of Cars 640,485 29
Maintenance Way & Buildings. 1,166,225 93
General 134,695 67
Total ($21,420.51 per mile) $8,298,733 39 Total ($14,997.64 per mile) $5,810,388 05
Net earnings (29.98 per cent.), $2,488,345.34. Payments : Dividends (quarterly January
1, etc., each J3 per cent.), $1,547,804; interest, $663,420.41; rentals (P. and N. Adams RR.,
$22,500; Ware River RR., $52,500 ; N. Brookfield RR., $3,000), $78,000— total, $2,289,224.41.
Surplus, $199,120.93; add surplus from 1885, $120,449.43— total, $319,570.36. Deduct amount
paid in settlement of old claim, $104,000, leaving surplus, September 30, 1886, $215,570.36.
Statement of freight operations for nineteen years:
Earnings.— Passenger $3,294,003 31
Freight 4,299,082 90
Mail 148,10674
Express and Extra Baggage 247,727 83
Miscellaneous 309,812 61
DISTRIBUTION OF FREIGHT.
Per TOD Mile.
Road
Total
Freight
Freight
Freight
YEABS.
Op'd.
Freight.
Mileage.
Earnings
Expenses.
Thro'.
Way.
East.
West.
Er.
Exp
Pr.
M.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
$
$
cts.
cts.
ts.
1867-68.
268.28
253,031
1,066,028
838,391
480,668
1,319,059
121,348,891
3,410,892
9 81
1838-69.
268 28
322; 664
1,291,276
1,062,420
551,700
1,613,940
158,579.177
3,861,052
9 43
I 869-70 t
268.28
325,476
1,205.673
1,028,585
502,564
1,531,149
148,871,491
3,265,481
2 19
1870-71 .
268.28
503,882
1,705,450
1,494,662
714,670
2.209,332
227,151,084
4,747,180
2.09
1871-72. 268.28
668,273
2,964,631
1,990,993
741,914
2,732,907
290,064.965
5,846,768
« 02
1872-73. 293.93
669.334
2,215,186
2,133,776
750,754
2,884,520
317.670,752
6.221,184
5,067,779
1.96
1.59
0.37
1873-74.
317.58
704,780
1,963,623
1,992,372
676,031
2,668,403
290,672,369
5,2*1,599
4,034,451
1.82
1.39
0.43
1874-75. 317.58
653,130
1,786,342
1,872,322
567,150
2,439.472
282,309,789
4,328,131
3,106,097
1.53
1.10
0.43
1875-76.
321.74
833,258
1,708,006
1,860,629
680,645
2,541,27-1
301,624988
3,886.132
3,121.725
1.28
1.03
0.25
1876-77.
321.74
881,265
1,779,392
1,886,840
714,817
2,601,657
313,822,671
3,790,780
3,242,412
1.21
1.03
0.18
1877-78.
321.74
959,694
1,682,861
2,062.630
579,925
2,642,555
329,708,573
3,721,436
3,251,475
1.13
0.99
0.14
1878-79. 321.74
895,498
1,837,598
2,103,875
634,221
2,738,096
325,484,799
3,588,839
2,306.537
1.10
0.78
0.32
1879-80.
323.00
970,417
2,340,122
2,457,732
852,807
3,310,539
375,452,604
4,530,913
3,827,324
1.21
1.02
0.19
1880-81.
371.36
1,158,571
2,435,352
2.698,708
895,215
3,593.923
417,108,612
4,3-28,906
4,017,644
1.04
0.96
0.08
18S1-82.
371.61
987.927
2,427,402
2,340,095
1,075,234
3,415,329
374,317,338
3,984,133
3,662,673
1.07
0.98
0.09
1882-83 J374. 26
966,054
2,445,270
2,398,857
1,012,467
3,411,324
373,635,456
4.472,180
4,066,928^ 1.19
1.09
0.10
1883-84. 385.67
1,008,261
2,317,250
2,368,045
957,472
3,325,517
374,347,455
4,090,302
4,007,445
1.09
1.07
0.02
1884-85
384.42
1,096,422
2,349,991
2,463,326
983,687
3,446,413
398.862,058
3,765,929
3,751,422
0.94
0.81
0.13
1885-86.
387.42
998,302
2,508,174
2,504,510
1,001,966
3,506,476
390,464,378
4,299,083
3,371,880
1.10
0.86
0.24
* Of this branch 1.25 miles are operated by the New York and New England RE. Co., reducing the total length
of road operated by Boston and Albany to.387.42 miles. t For ten mouths only.
POOR'S MANUAL — BOSTON AND ALBANY KB CO.
Statement of operations, capital account, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated.
Miles of Railroad Owned...
Miles of Trark Owned
Miles of Steel Rails
821.74
819.63
642.30
429.11
243
184
56
5.424
1,366,103
3,454.604
4,889,772
5,199,160
47,348
101.S4S.321
2,738,096
110,110
7*5,388
325,481,799
8
2,165.700
3,58H,^9
319,616
331.98
29S.13
693.24
430.79
248
187
48
5,699
1.403,754
3,874,244
5,4?X),729
5,ii93,297
65.S45
112,654383
3,310,53!)
116.366
8'>4,051
375.452804
$
2,361,499
4,530,913
282,841
371.36
298.13
70!). 15
449.53
242
196
47
5,738
1,611,512
4.101,9Cb
5,954,094
6,799,178
82.635
135421,102
3,593,923
157,035
1,001,536
417,108.612
8'
2,668,045
4,328,906
274,408
371 .61
297.33
703.66
473.37
245
206
47
5,847
1,805,924
3,C08,313
5,570,515
7,5-^4,138
104,192
151.255.032
3,415,329
223,620
764,307
374,317,338
$
3,014,161
3,984,132
349,983
374. ',-6
302.67
725.82
502.44
244
219
49
6,035
1.8-25,081
3,634,116
5,651,302
8,079,072
93,986
157,255971
3,411,324
187,282
778.712
373,635,456
8
3,282,777
4,472,1KO
349,000
384.37
301.53
735.05
524.09
243
225
51
6,157
1,949,970
3,531,108
5,680,060
8,794,412
94,721
167,402.441
3,325,517
184,252
824,009
373,347.455
$
3,l'i3,452
4.090,302
363.336
384.42
301.48
730.48
565.94
243
223
51
6,110
1,985,604
3,665,134
5,789,392
8,874,030
90,120
167,097.784
3,446,413
157.683
938,739
398,862,058
3,071,263
3,765,929
371,281
387.42
• 304.48
743.47
594.19
245
2-33
52
6,198
2,069,738
3,501,524
5,694,881
9,726,907
103,691
177.787,439
3,506,476
143,601
854,701
390,464,378
8
3,894,003
4,2'.,!f.083
395,835
Locomotive Engines
Passenger Cars
Baggage, Mail, etc., Cars. . .
Freight Cars
Passenger Train Miles
Freight Train Miles
Total Engine Miles
Passengers Carried
Passengers Through
Passenger Miles
Freight (tonsi Moved
Freight thro' ^f™;;
Freight (ton) Miles
Passenger Earnings
Freight Earnings. ..
Miscellaneous
Gross Trans. Earnings
Gross Expenses
6,074,155
3,723,825
7,175.253
5,248,501
7,271,359
5,688,412
7,348,276
5,600,9!)!
8,103,957
6,158,904
7,646,990
5,785,877
7,208,473
5,293,676
7,988,921
5,810,388
Net Earnings ..
2,350,330
353,309
1,926,752
565,866
1,582,947
603,927
1.747,285
442,098
1,945.053
435,919
1,861,113
501,723
1,914,797
429,509
2,178.533
309,812
Rents and Other Income. . .
Available Revenue
2,703,639
75,000
470,000
(8) 1,600,000
558,639
19,977 19
11,574 00
8,403 19
57.94 p. c.
2.14 c.
l.lOc.
$
20,000,000
7,000,000
20,777
8S7.500
105,000
42.425
450,000
"2,491,224
2,492,618
7.-),000
470,000
(8) 1,600,000
347,618
23.917 44
16,216 09
7,701 35
67. 80 p. c.
2.08 c.
1.21 c.
8
20,000,000
7,000,000
30,717
837.500
105,000
219,458
799,533
' 2,58l',3i9
2,186,874
75,000
470,000
(8) 1,600,000
41,874
21,206 34
15,317 78
5,1-83 56
72. 23 p. c.
1.97 c.
1.04 c.
$
20,000,000
7,000,000
407,475
37,500
168,500
282,785
799,533
2,588,539
2,189,383
75,000
566,450
(8) l.SOS.-WO
44,383
20,963 84
15,072 23
5,891 61
71. 89 p. c.
1.99C.
1.07 c.
8
20.000,000
10,858,000
352,600
37,500
231,208
428,914
752,472
47,061
2,632,922
2,380.972
75.000
662,900
(8) 1,407,100
235,972
22,818 03
16,456 22
6,361 81
72. 12 p. c.
2.09 c.
1.19c.
9
20.000.000
10,a58,000
352,522
37,500
190,900
363,308
761,804
49,330
2,798,795
2,362,836
75,000
662.900
(8) 1,547,804
77,132
22,128 72
15,002 14
7,126 58
71 .01 p. c.
1.91 c.
1.09 C.
8
20.000,000
10,85S,000
382,504
37,500
74,900
267,300
£ 83,596
55,316
61,848
2,344,306
75,000
662.900
8) 1,547,804
58,602
19,868 83
13,770 55
6,098 28
69.31 p. c.
1.84 C.
0.94 c.
S
20,000,000
10,858,000
392,624
37.500
101,400
358.986
879,427
59,350
120,449
2,488,345
78,000
663,420
8) 1,547,804
199,121
21,420 51
14,997 64
6.422 87
~0.02p. c.
1.85 c.
l.lOc.
8
20,000,000
10,858,000
386,488
40,500
98.000
313.584
939,575
63,357
215,570
Lease Rentals
Interest
Dividends
Surplus
Gross Earnings per Mile . . .
Gross Expenses per Mile . . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile. .
Capital Stock
Funded Debt
Unclaimed Int. and Divid's.
Dividends and Leases..
Notes Payable
Ledger Balances
Improvement Fund
WareRiv. Sink. Fund ....
Profit and Loss
Total Liabilities
30,946,926
24,368,716
3,145,400
505,098
475,485
454.036
l'K.679
454,318
961,1! 3
450,000
31,523,527
24,£68,716
3,145,400
175,098
475.485
398.752
132,679
454,318
1,125,481
799,533
448,065
31,284,332
24.368,716
3.145,400
175,098
475,485
654,181
132,679
805,164
729,011
799,533
439,065
35,340,677
24,368,716
3,145,400
175.098
475,485
401,337
3,991,079
865,164
1,179,799
799,533
439,065
35,412,159
24,368.716
3,145,400
32,570,964
24,368.716
3.145,400
32,807,736
24.368.716
3,145,400
32,915,074
24,368,716
3,145,400
Construction
Equipment
South Boston Property
Hudson Riv. Bridges
475,485
437,106
3,991,079
365,164
9C8,316
811,134
438.358
411,400
475,485
566,189
1,177,016
365.164
734,324
888,912
438.358
411,400
475,485
666,310
1,177,016
365,164
354,408
1,238,778
438.358
578,101
475,485
310,329
1,131,187
365164
734,237
1,302,932
4?8,358
643,266
Materials
Renl Estate and Stocks
Ledger Balances
Cash and Bills Received
Trustee* Improvem't Fund
Springfield & N. E'n RR...
Branch Lines
Total Assets
30,946,926
81,523,527
31,284,332
35,340,677
35,412,159
32,570,964
32,807,736
32,915,074
NOTK.— In the above table the gross earnings per mile are calculated on the entire receipts, including rents
and all other income. The actual amount of transportation earnings per mile in 1886 was $20,620.83, leavin<* the
net earnings $5,623.19 per mile, and the percentage of expenses to earnings, 72.73.
The South Boston Flats, formerly owned by this company, were sold to the New York
and New Eneland RR. Co., July 15, 1880, for $30,000 in cash and $300,000 in notes, payable
at the option of the makers at any time within ten years from February 7, 1879, with interest
nt 2 per cent, for five years and 4 per cent, thereafter— the final transfer of the property not
to be made until the notes are paid.
The funded dtbt consists of $5,000,000 7 per cent, coupon or registered $1,000 bonds, pay-
able February 1, 1892, interest February:and August at Boston ; $2,000,000 6 per cent, coupon.
POORS MANUAL OP RAILROADS. 7
or registered $1,000 bonds, payable July 1, 1895, interest January and July at Boston ; and
$8,858,000 5 per cent, bonds, payable April 1, 1902, interest April and October at Boston.
The new 5 per cent, bonds were issued to purchase the $2,411,500 of stock held by the
State of Massachusetts, at the rate of $160 per share. The State is not now represented in
the board of directors. On the 27th of September, 1883, the directors voted to distribute
17,588^ of the shares so purchased to stockholders of record, at that date, in the proportion
of one share for each ten shares owned. On September 23, 1886, the directors authorized the
distribution of the remaining 6,527 shares of stock in the treasury to stockholders in the
proportion of one share for each thirty shares owned.
General Balance SJieet, September 30, 1886.
Road and Equipment * $27,514,116 50
Hudson River Bridges 475,485 00
Materials on Hand 310,328 67
Real Estate and Land 73,850 16
West Stockbridge KR. Stock 13,000 00
Cash and Current Balances 1,057,401 10
Trustees Improvement Fund 1,302,931 55
Springfield and North-Eastern RR 438,358 28
Boston and Albany RR. Stock 1,044,337 00
Newton Highlands Branch 411,400 00
Riverside Branch 231,865 76
Bills Receivable 42.000 00
Total Assets ... $32,915,074 02
Capital Stock $20,000,000 00
Funded Debt 10,858,000 00
Dividends and Interest Unclaimed 386,488 00
Div. No. 20 (P. & N. A. RR.), Jan. 1, '87. . 11.250 00
Div. No. 26 (Ware River RR.), Jan. 1, '87. 26,250 00
Div. No. 1 (No. BrookfleldRR.), Jan. 1, '87. 3,000 00
Notes Payable 98,000 00
Ledger Balances 313,584 11
Improvement Fund ^ 939,574 45
Ware River Sinking Fund 63,357 10
Profit and Loss 215,570 36
Total Liabilities $32,915,074 02
RAILROADS OWNED OK LEASED BY THE BOSTON & ALBANY RR. Co.
NORTH BROOK.FIELD RAILROAD.— East Brookfleld to North Brookfleld, 4.16 ; total track, 4.65
miles. Chartered in March, 1875 ; road opened January 1, 1876. Rental, etc., 1885-86, $2,553.94. Taxes. $279.34 ;
dividend (2 per cent.), $2,000 ; surplus, $274.60. Capital stock, $100,000 ; surplus, $5,9!>5.24— total, $105,995.24.
Cost of road, etc.. $105,456.79 ; other property, $75 ; cash, etc., $463.45. BONUM NYE, President; John B. Dew-
ing, Treasurer ; Theo. C. Bates, Clerk, CORPORATE OFFICE, North Brookfield', Mass.
PITTSFIELD AND NORTH ADAMS RAILROAD.-Pittsfleld to North Adams, 18.55 ; total
track, 73.48 miles. Chartered March 18, 1845 ; road opened December 1, 1846. Leased for 30 years from January
30, 1846, to Western (now B. & A.) RR. Co., at 6 per cent, on cost, with right to purchase or renew lease for 99
years at 5 per cent, on cost of road. At expiration of term, the lease was renewed at the lesser rate. Rental
$22,500, from which were paid two dividends (January and July) of 2i per cent. each. Capital stock, $450,000,
representing cost of road and equipment. HKNRY COLT, President, Pittsfleld, Mass.; Charles E. Stevens,
Treasurer, Boston, Mass.
PROVIDENCE, WEBSTER AND SPRINGFIELD RAILROAD.— North Webster. Mass., to
Auburn Station (B. & A. RR.), Mass., 10.11 ; total track, 11.24 miles. Chartered in 1880 ; road opened June, 1884.
Operated by the Boston and Albany RR. Co. Rental, 1885-86, $4,119.62. Payments : Expenses and taxes, $512.-
89; interest, $1,460.80— total, $1,973.69. Balance, surplus, $2,145.93. Capital stock, $110,000; vouchers and ac-
counts, $49,13'i.02; profit and loss, $2,554.31— total liabilities, $161,690.33. Contra: Cost of road, $161,630.33;
cash, $60— total assets, $161,690.33. H. N. SLATER, President, Webster, Mass.; H. N. Slater, Jr., Vice- President
and Treasurer, Providence, R. I.; E. P. Morton, Clerk, Webster, Mass. CORPORATE OFFICE, Webster, Mass.
SPENCER RAILROAD.— South Spencer to Spencer, 2.17 ; total track, 2.91 miles. Chartered in 1878 ;
road opened in 1879. Lease rental, 1885-86, $1,823.24. Expenses and taxes, $815.69; interest, $270; dividends
(9 p. c.), $4,500— total, $5,585.69. Deficit, $3,762.45. Capital stock, $50,000: funded debt, $4,500; surplus, $8,-
934.29— total, $63,434.29. Construction, $62,854.43; cash, $579.88. LUTHER HILL, President : Edward E. Kent,
Secretary and Treasurer. CORPORATE OFFICE, Spencer, Mass.
"WARE RIVER RAILROAD.— Palmer to Winchendon, 49.35 ; total track, 54.96 miles. Chartered in
1868 ; road opened in 1873. Leased and operated since April 1, 1873, by B. & A. RR. Co. Rental, $52,500 ; being
7 per cent, on capital stock. Dividends paid semi-annually, January and July. Capital stock, $750,000 ; un-
funded debt, $365,163.82— total, representing cost of road, $1,115,163.82. J. A. KUMRILL, President, Springfield,
Mass.; C. E. Stevens, Treasurer, Boston, Mass. CORPORATE OFFICE, Boston, Mass.
Board of Directors Boston and Albany RR. Co., elected December 8, 1886.
William Bliss Boston, Ma«s.
Henry Colt Pittsfield, Mass.
Geo. O. Crocker. New Bedford, Mass.
Edward L. Davis ..Worcester, Mass.
Jarvis N. Dunham. .Pittsfleld, Mass. I Jacob C. Rogers. Boston, Mass-
Edward B. Gillette.. Westfleld, Mass. James A. Rumrill. Springfield, Mass.
Moses Kimball Brookline, Mass. Charles S. Sargent.. Brookline, Mass.
John Cummings Boston, Mass. | Mahlon D. Spaulding. Boston, Mass.
Augustus L. Soule Boston, Mass.
WILLIAM BLISS, President -.Boston, Mass.
James A. Rumrill, Vice-President and Secretary Springfield, Mass.
Treasurer— C. E. Stevens Boston, Mas
General Supt.—H. T. Gallup Springfield, Mass.
General Manager— Vf. H. Barnes Boston, Mass.
Auditor— Myron E. Barber Springfield, Mass.
PRINCIPAL OFFICE AND ADDRESS Springfield, Mass.
General Offices Cor. Beach and Albany Streets, Boston, Mass.
* For details see MANUAL for 1883, page 49.
8 POOR'S MANUAL OF BAILEOADS.
BOSTON AND LOWELL RAILROAD COMPANY.
Main Line of Road.— Boston, Mass., to Lowell, Mass 26.75 miles.
Branches: Mystic. 2.25: Arlington, 9. 25; Woburn, 6.20 ; Stoneham, 2.50 ; Law-
rence, 8.21; Bedford and Bitterica, 7.63; Salem and Lowell, 16.80; Lowell
andLawrence, 12.42 ; Middlesex Central RR., Lexineton to Concord, 11. OP. . .71.34 miles.
'Nashua and Lowell BR. : Lowell, Mass., to Nashua, N. H. . 14.50
Stony Brook RR. : North Chelmsford, Mass., to Ayer, Mass. 13.16
Wilton RR. : Nashua, N. H., to Wilton, N. H 15.50
Peterborough RR. : Wilton, N. H., to Greenfield, N. H 10.50
, Manchester and Keene RR. : Keene, N. H., to Greenfield, N. H. 29.59
* Boston, Concord and Montreal RR. and branches (see p. 10). .187.26
Northern (N. H.) RR. and branch (see p. 11) . 82.91
Concord and Claremont RR. , including P. & H. RR. (see p. 11). 90. 04
St. Johnnbnry and Lake ChamplairiRR.: L'burg,Vt., to Sw'ton.132.00
Central Massachusetts RR. : No.Cambridge to Jefferson, Mass. 43.69—619.15 miles.
Total length of lines operated by company October 1, 1886 717.24 miles.
Average mileage operated during fiscal year 710.30 miles.
2d track, 42.20 m. ; sidings, 54.61 tn. — total track owned (steel, 110 m.) 194.90 miles.
Gauge, 4 ft. 8£ in. Rail, 60 to 72 Ibs.
History.— A full statement of the history of this company was given on page 167 of the
MAKUAL for 188(5.
On June 1, 1884, this company took a lease for 99 years of the roads of the Boston, Con-
cord and Montreal RR. Co., and the Northern RR. Co. of New Hampshire, and their controlled
lines, the Pemigewassett Valley, the Concord and Claremont and the Peterboro' and Hillsboro'
RRs. By the terms of the lease the Boston and Lowell pays as rental to the Northern a sum
equal to 5 per cent, per annum on its capital stock ; and to the Boston, Concord and Montreal
a sum equal to 25 per cent, of the gross earnings of that, road, the Pemigewassett Valley RR.,
the Northern (N. H.) RR., the Concord and Claremont RR. and the Peterboro' and Hillsboro'
RR., less $200,000 yearly, witlija guarantee that this sum shall be sufficient to pay all interest
charges of the Boston, Concord and Montreal RR. Co. and 6 per cent, on preferred stock for
the first year of the lease, and 5 per cent, yearly thereafter. The Boston and Lowell RR. Co.
also guarantees interest on the bonds of the Concord and Claremont and Peterboro' and Hills-
boro' RRs., and agrees to provide for their payment at maturity on receiving bonds to an equal
amount and of a like rate of interest, which bonds will also be guaranteed by it.
On October 7, 1886, the Boston and Lowell RR. Co. took a lease of the Central Massachu-
setts RR., upon terms as given in statement for that road.
Rolling Stock, October 1, 1886. — Owned: Locomotive engines, 116. Cars — passenger,
130 ; baggage, mail and express, 57 ; freight, 8-wh. (box, 784 ; stock, 10 ; platform, 1,045 ;
coal, 639), 2,478 ; caboose, 72 ; milk and derrick, 6 — total, 2,743. Leased : Locomotive engines,
61. Cars — passenger, 36 ; baggage, etc., 23 ; freight, 8-wh. (box, 512 ; stock, 12 ; platform,
468 ; coal, 106), 1,098 ; caboose, 21 ; milk and derrick, 6— total, 1,184.
The company also owns 2 steamboats — one on Lake Champlain and one on Lake Winnt-
piseogee.
Operations for year ending September 80, 1886 (average 710.30 miles).— Trains run— pas-
senger, 2,240,803 ; freight, 1,702,119 ; other, 739,061— total, 4,681,483 miles. Passengers car-
ried, 6,700,030 ; carried one mile, 88,366,538 ; average mile-rate, 2.066 cents. Freight moved,
2,581,655 ; moved one mile, 149,834,754 tons. Average rate, 1.669 cents.
Earning*.— Passenger $1,823,773 GO
Freight 2,500,122 44
Mail 71,019 34
Express 93,297 39
Miscellaneous 186,29600
Total (56,513.46 per mile) $4,626,508 77
Expenses.— Maintenance of Way $777,931 37
Maintenance of Cars 248,272 52
Motive Power 213,333 33
Transportation 1,665,798 50
General 449,320 12
Total ($4,722.86 per mile) $3,354,645 84
Net earnings (27.49 per cent.), $1,271,862.93. Add accumulation to sinking fund, $1,-
877.77 ; credit balance interest on floating debt, $1,744.73. Available revenue, $1,275,485.43.
Payments: Rentals, $718,568.86; interest on bonds, $254,829 ; dividends (July 1, 1886, and
POORS MANUAL — BOSTON AND LOWELL BE. CO.
January 1, 1887), 3 per cent, each, $290,133— total payments, $1,263,530.86. Surplus, $11,-
954.57. Surplus from last year, $474,239.54. Total surplus September 30, 1880, ,$486,194.11.
General Balance Sheet, September 30, 1886.
Construction.... $8,886,01065
Equipment 1,199,029 41
Leased Property, Equipment, etc 258,545 74
Materials and Supplies , 494,963 16
SinkingFunds 48,822 04
Cent. Mass. RR. Const. Account 162,352 98
Stocks, Bonds, etc 1,079,309 90
Debit Balances 479,763 37
CashonHand 68,142 79
Capital Stock (par $100) $5,129,400 00
Funded Debt 4,046,400 00
920,000 00
300,000 00
228,226 06
98,842 17
106,571 77
153,882 00
007,423 93
486,194 11
Total Assets $12,076,940 04 Total Liabilities $12,076,940 04
Included in construction account, above, are cost of Woburn branch, $282,771.18 ; cost
of half ownership of Manchester and Keene RK., $337,749.70, and cost of Bedford and Bil-
lerica branch, $49.232.58.
Statement of operations, capital account, etc., for eight years :
Bills Payable
Bonds Nashua and Lowell RR
Nashua and Lowell RR
Dividends and Coupons Unpaid
Improvement Account
Dividend due Jan. 1, 1887
Boston, Concord and Montreal RR
Profit and Loss . . .
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned...
Miles of Road Operated
Miles of Track Owned
75.18
86.85
134.84
53.50
2,451.750
27,807,394
829,843
18,622,112
$
1,190,308
806,382
75.18
86.75
134.84
53.50
2,876,531
32,568,031
1,008,230
24,283,853
$
1,381,969
976,618
75.18
139.92
142.25
57.55
3,529,087
44,229,005
1,242,216
31,538,125
$
1,871,572
1,348,247
75.18
139.92
146.47
61.14
2,789,785
40,209,559
1,162,854
46,279,201
$
2,083,241
1,528,821
86. 2H
139.92
159.94
75.47
3,822,833
47,617,233
1,326,822
37,749,206
$
2,127,305
1,512,134
86.26
318.58
163.34
78.47
4,979,943
61,343,056
1,477,058
59,427,991
8
2,862,393
2,074,294
93.89
619.10
173.60
79.83
5,944,344
79,668,680
2,227,558
122,955,200
8
4,035.634
2,780,039
98 09
710.30
194.90
110.00
6,700,030
88,366,538
2,581,655
149,834,754
$
4,626,509
3,354,646
Miles of Steel Rails Owned.
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Gross Expenses and Taxes.
Net Earnings
383,926
8,655
405.351
17,347
523,325
1,085
554,420
2,381
615,171
1,456
788,099
1,736
1,248,995
1,806
1,271,863
3,622
Other Receipts .
Available Revenue
392,581
67,598
161,891
(1) 32.500
130,591
14,311 75
9,695 59
4,616 16
67.49 p. c.
2.04 c.
3.35 C.
$
3,250,000
3,069,500
426,900
191,000
68,947
422,698
4.293
215,067
(4) 130,000
73,338
15,912 15
10,627 96
5,284 19
(17.51 p. C.
1.92 c.
2.93 c.
$
3,250,000
2,869,500
426,900
321,00i)
70,380
524,410
133,691
238,198
(4) 130,000
22,521
13,376 01
8,921 15
4,454 86
66. 70 p. c.
1.88 c.
3.13 c.
$
3,701,150
2,869,500
426,900
425,000
140,526
207,325
556,801
154,809
226,561
(4) 151,880
23,551
14,888 80
10,926 39
3,962 41
73. 39 p. c.
1.67c.
2.60 c.
$
3,792,000
2,869,500
426,900
465,000
71,014
207,325
616,627
128,613
239,835
(5^)308-560
39,619
15,203 72
10,800 71
4,403 01
71. 09 p. c.
1.94c.
2.S8 c.
8
3,792,000
3,119,500
426,900
765,000
189,312
228,226
789,835
323,406
251,a59
(5i)209.700
4,870
8,984 84
6,511 07
2.473 77
72.47 p. c.
212c.
2.33 c.
$
3,792,000
3,119,500
726,900
737,000
193,355
228,226
101,550
1,250,801
702,543
263,282
(6) 251,151
33,825
6,518 55
4,501 11
2,017 44
69. 05 p. c.
2.04 c.
1.77 c.
$
4.541,700
3,619,500
726,900
375,390
231,592
228.226
52,511
517,439
474,240
1,275,485
718,569
254,829
(6) 290,133
11,954
6,513 46
4,722 86
1,790 60
72.51 p. c.
2.07 c.
1.67C.
$
5,129,400
3,619,500
726,900
920,000
252,724
228,226
106,572
607,424
486,194
Rentals
Interest
Dividends Jan. and July . . .
Surplus.
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
Capital Stock
Funded Debt
Bonds Assumed
Notes Payable
Int. and Di vs. Due and Acc'd
Nashua and Lowell RR
Improvement Account
Other Accounts
14,702
580,789
46,219
515,034
44,905
614,625
131, i is
460,545
Profit and Loss
551,703
465,415
Total Liabilities
7,558,050
5,795,324
441,834
536,774
7,533,271
5,912,059
441,834
546,442
8,331,654
6,087,354
467,009
737,266
207,325
176,781
46,900
131,422
172,465
305,132
8,491,269
6,286,102
546,809
737,266
207,325
240,645
49,281
60,018
220,004
143,819
9,112.509
6,570,322
622,149
817,979
228,226
112,633
43,403
180,959
221,122
315,805
9,363,946
6,593,126
622,149
897,433
228,226
378,910
45,139
7,606
397,477
193,879
10,767.498
6,803,972
1,188,529
911,537
258,446
441,286
46,944
6,966
490,764
619,054
12,076,940
7,374,474
1,199,029
911,537
258,546
1,241,663
48,822
68,143
494,963
479,763
Road, Real Estate, etc
Equipment
Wharves & Wharf Property.
Leased Property and Equi't
Other Investments, etc
Sinking and Other Funds..
Cash and Bills Receivable.
Supplies and Materials
Agents and Balances
53,588
216,399
285,802
111,990
116,339
62,749
45,815
99,658
184,331
240,383
Total Assets ....
7,558,050
7,533,271
8,331,654
8,491,269
9,112,599
9,363,946
10,767,498
12,076,940
The capital stock was increased $587,700 during the past year, the proceeds of the increase
being applied to the purchase of the stocks and bonds of certain roads with which the Boston
and Lowell was authorized by Act of the Legislature of Massachusetts, passed in May, 1886,
10 POOR'S MANUAL OF RAILROADS.
to consolidate, to wit : the Boston, Concord and Montreal, the Pemigevrassett Valley, the
Whitefield and Jefferson, and the St. Johnsbury and Lake Champlain.
The funded debt ($4,046,400) consisted, October 1, 1886, of—
Boston and Lowell 7 per cent. 20-year bonds, due April 1, 1892, interest April and October
Boston and Lowell 7 per cent. 20-year bondf , due March 1, 1895, interest March and September
Boston and Lowell H per cent. 20-year bonds, dns July 1. 18%, interest January and July ..... ........... (50,000
Boston and Lowell 5 per cent. 20-year bond*, due July 1, 1899, interest January and July ................ 620,000
Boston and Lowell 4} per cent. SO^year bonds, due May 1. 1903, interest May and November ............... 250.000
Boston and Lowell 4 per cent. 20-year bonds, due September 1, 1905, interest March and September ....... 500,000
Salem and Lowell 6 per cent, bonds, due October 1, 1898. interest April and October ...................... 226'295
Lowell and Lawrence 6 per cent, bonds, due October 1, 1897, interest April and October .................. 200,000
Of these several issues of bonds, only two are secured by a mortgage — the Salem and
Lowell and the Lowell and Lawrence — these being a first lien on the two branch lines of rail-
road designated by those names.
Annual meeting first Wednesday in January. Stock and bonds listed on Boston Stock
Exchange. Interest and dividends payable at office of Treasurer, Boston, Mass.
At the annual meeting, January 5, 1887, an issue of $500,000 new bonds was authorized,
the proceeds to pay for terminal property and other improvements. On the same date the
company sold $200,000 new stock at public auction.
Since the close of the fiscal year the lease of the'Northern New Hampshire has been de-
clared invalid by the Supreme Court of Massachusetts, and an injunction will be issued to
take effect July 1, 1887.
Rentals paid were as follows: Boston and Maine, $7,800 ; Nashua and Lowell RR., $65,-
000; Stony Brook RR., $20,000; Wilton, $16,950; Peterborough RR., $35,699.64; Boston,
Concord and Montreal RR., $302,500 ; Northern RR., $158,420; Concord and Claremout RR.,
$41,500 ; Nashua, Acton and Boston RR. and Manchester and Keeue RR., $3,000 ; Old Colony
RR., $600 ; St. Johnsbury and Lake Champlain RR., $67,099.22.
RAILROADS OWNED OK LEASED BY THE BOSTON AND LOWELL RAILROAD Co.
BOSTON, CONCORD AND MONTREAL RAILROAD.-Concord, N. H., to Groveton Junction,
N. H., 1-15.88 miles. Mount Washington Branch. Wins; Road to Mount Washington, N. H., 20.39 miles. Total,
1R6.27 miles. Total track (steel, 139.88 miles), 203.57 miles. Chartered December 27. 1844 ; road opened to Wells
Rivi-r, 1>3 mile?, in 1853. In 1873 the White Mountain RR., extending from Wells River to Littleton, 20.76 miles,
vra- purchased. On the 1st of June, 1884, the Boston, Concord and Montreal and its leased line (the PemtoewMMt
Valley RR.) were leased to the Boston and Lowell RR. Co. for 99 years. For terms see Boston and Lowell history.
Receipts for year ending March 31,1886: Rental, 89*0,000; organization, $5,000: interest, $1,024.63: miscella-
neoii.-. 1154.03— total, $306,178.66. Payments: Interest on bonds, $216,132.01 ; dividends on preferred stock,
$42.839 ; on PemigewaMett Valley RR. stock, $30,144 ; organization expenses, $4,647.82 ; sundries charged to
profit and loss. $11.787.93— total, $305,550.76. Surplus for year, $627.90 ; surplus from last year, $64,753.01— total
Kiirpltis as per balance sheet, $65,380.91.
General Balance SJieet, March 31, 1886.
Cost of Road, etc $4,386,000 00
Materials and Fuel 230,875 83
Improvement Account 540,850 87
Trustei-s Sinkiiiir Fund 201,5'W 00
Pemigewassett House ($16,000), and Cashier 60,705 84
Cash and Bonds on hand 65,380 91
Total Assets $5,485,313 45
Capital Stock (old. dividends, etc.) $459,600 00
Capital Stock (preferred) 800,00000
Capital Stock (new, preferred) 540.400 00
Funded Debt 3,071,600 00
Coupons and Dividends unpaid 11,296 89
Profit and Loss 602,41656
Total Liabilities $5,485313 45
Winded Debt: Sinking fund 6s, issued January 1, 1858, due January 1, 1889, interest January and July,
$624,000; consolidated mortgage 6s and 7s, issued April 1, 1873, due in 1893, interest April and October, $1,947,-
400 ; improvement mortgage 6s, issued July 1, 1881, due in 1911, interest January and July, $500,000; overdue
)>oii<K S200. Interest is paid on only $202,000 of the sinking fund bonds, the company holding $116,000, and the
trustees $806,000 of the non-interest bearin<; balance. Interest on all issues is payable in Boston.
Under the terms of the lease the preferred stock receives semi-annual dividends, May and November, of 2|
percent, each. This company paid its first dividend, 3 percent., in November, 1S51, and between that date and
the date of the lease it paid 42 dividends of same rate upon the preferred stock. In the first year of the lea^e two
semi-annual dividends of 3 per cent, each were paid. Total number of dividends paid to and including that of
November 15, INS*;, -is. imragating 142J per rent. No dividends have been paid on other stocks.
Stock and bond- li>tcd on Hu-ton Stock Exchange. Annual meeting, Monday before last Tuesday in May.
Books close for dividends on the day dividend is declared. EDWARD H. ROLLINS. President, Dover, N. H.;
Kilw urd D. llarlow, Treasurer and Transfer Agent, 31 Milk St., Boston. Mass. : S. N. Bell, Secretary, Manchester.
N. 11.
CENTRAL MASSACHUSETTS RAILROAD.— Projected from Cambridge, Mass., to Northamp-
ton, Ma»s.. 103.50 miles, with branch from Amherst. Mass., to West Deerfield, 13.20 miles— total length of railroad
as projected, 116.70 miles. Completed from Cambridge, Mass., to Jefferson, Mass., 43.69 miles. Sidings. 3.13
mile*. Gauge, 4 ft. 8* in. Rail (fteel, 43.69 miles), 60 Ibs. The Massachusetts Central RR. Co. was chartered
May 10. 186'.t. Its road was opened from Cambridge t« Hudson, 23 50 miles, October 1, 1881, and to Jefferson'?, In
l>i c-'-niber, 1881. On July 1, 1882, the company made default in payment of interest, and the trustees took pos-
ii of tin- property May 4, 1888. The operation of the road was suspended May 16, 1883. Sold under fore-
elnsnre September 1, 1888, and purchased on behalf of the bondholders, who organized the ^present company
Nm ember 10, ISK!, under special act of the Massachusetts Legislature. By the terms of this charter, preferred
Block was issued dollar for dollar in payment of the mortgage debt of the old company, this stock to have entire
POOR'S MANUAL OF RAILROADS. 11
control of the affairs of the company until such time as the road shall earn two semi-annual dividends, of 4 per
cent, each, in any one year. Common stock was issued share for share for the stock of the old company. The
charter also authorized the extension of the road from Bondville, Macs., lo the New York State Line, and the
leasing to or consolidation with the Poughkeepsie, Hartford and Boston, or any other road connecting with this
line in Massachusetts or New York. In .lune, 1885, a special act of the Legislature was passed authorizing the
trustees to make a contract for the operation of the road and to issue certificates of indebtedness to the amount of
$200.000, in order to provide the means necessary to put the road in good condition. Under this authority the
road has been fully repaired, and was reopened for.business September 28, 1885. From that date until December
1, 1886, the road was operated under contract by the Boston and Lowell RR. Co. On October 1, 1886, the Boston
and Lowell RR. Co. entered into a lease of this company's road for 99 years, agreeing to pay as rental 20 per cent,
of the gross earnings of the Central Massachusetts road up to §1,000,000, and 25 per cent, of gross earnings in
excess of that amount, deducting from such rental an amount ($100,000) equal to the interest on $2,000,COO new 5
per cent, bonds (described below) which the Central Massachusetts Co., by the terms of the agreement, issued to
the Boston and Lowell Co., at par, in consideration of the latter company obligating itself to complete and equip
the line of the C. M. Co. from North Cambridge to Northampton, and pay off the floating debt. Work on this
extension and improvement is now under way. Capital slock paid in— common, $3,383,900 ; preferred, $3,8.r2,088
— total, $7,245,088 ; funded debt— first mortgage 5 percent. 20-year bonds dated October 1, 1886, interest payable
in Boston, April 1 and October 1, $2,OCO,COU— total stock and bonds, $9,245,988. Amount of other liabilities, etc.,
cannot be ascertained at the present time. Directors (elected October 28, 1885),— Samuel N. Aldrich, Marlboro',
Mass.: Elisha S. Converse, Maiden, Mass.; Lyman Hollingsworth, C'ohasset.Mass.: Wm. M. Gaylord, Northamp-
ton. Mass.; Henry F. Hills, Amherst, Mass.; J. Edwin Smith, Worcester, Mass.; William T. Parker, Thomas H.
Perkins, Moses W. Richardson, Henry Woods, Samuel Atherton, Boston, Mass. Officers : SAML'EL N. AI.DIUCH,
President ; Geo. F. Seymour, Secretary and Treasurer. CORPORATE OFFICE, Boston, Mass.
CONCORD AND CLAREMONT RAILROAD.— Concord, N. H., to Clartmont Junction, N. H.,
55.90 ; Hillsborovgh Branch : Contoocookville to Hillsborough Bridge 15.00— total, 70.90 mil' s. Sidings, etc. ,7.75
miles. Gauge, 4 ft. 8| in. Rail (steel, 2.50 m.), f>6 Ibs. Consolidation (October 31. 1873) of the Merrimac and
Connecticut Rivers, the Sugar River and the Contoocook River Railroads. Controlled by Northern RR. Co.,
which owns $254,245.72 of its stock and debt, and guarantees in addition $299,500 of its bonds. Leased June 1,
1884, to the Boston and Lowell RR. Co. upon terms as given in the statement ff r that company. Rental in 1884
-85, $41,500. Disposition of rental not reported. Equipment owned by company. Locomotive engine, 1. Cars —
passenger, 2 ; baggage, etc., 3 ; freight, 63— total, 68. Financial Statement, March 31, 1884.— Capital slock, $410,-
900 ; funded debt (1st mortgage, 7 per cent. 20-year guaranteed bonds, due January 1, 1894, interest January and
July at 28 State Street, Boston, Mass.), $500,000 ; Northern RR. Co., $254,245.72 ; unpaid coupons. $560; profit
and loss, $7,299.93— total liabilities, $1,173,005.65. Per contia: Construction, etc. ($15,933.80 per mile), $1,129,-
706.38 ; materials and supplies, $40,617.32 ; cash and cash items, $2,681.95. ALVAH W. 'SULLOWAY, President,
Boston, Mass.; Charles P. Sanborn, Secretary, Concord, N. H.; George A. Kettell, Treasurer, Boston, Mass.
Principal Office, Concord, N. H. Transfer Office, Boston, Mass.
MANCHESTER AND KEENE RAILROAD.— Keene, N. H., to Greenfield, N. H., 29.55 miles ;
sidings, 1.48 miles. Gauge, 4 ft. f \ in. Rail, 50 and 56 Ibs. Chartered June 22, 1864 ; road opened November
29, 1878. When completed to Manchester the length will be about 46 miles. Placed in the hands of trustees April
1, 1880, and operated by Connecticut RR. Co. from October 1, 1880, until October 20, 1881, when the road was sold
under foreclosure and bought on account of bondholders by S. W. Hale for $125,000, the purchaser also assuming
$57,436 liens for repairs, etc. Early in 1882 the Boston and Lowell, and the Concord RR. Cos. purchased the
entire issue of bonds of this company— each one-half. The road was then operated by the Boston and Lowell
RR. Co., that company and the Concord sharing equally in its receipts and liabilities until July 1, 1884. at which
time the Concord leased its share to the Boston and Lowell RR. Co. for a term of five years. The total cost of
the property to the present owners, including original purchase, bonds and improvements to September 30, 1884,
equalled $525,190.64. W. W. BAILEY, President, Nashua, N. H.; B. F. Kendrick, Treasurer, Boston, Ma.*s.
NASHUA AND LOWELL RAILROAD.— Lowell, Mass., to Nashua. N. H., 14.50; second track,
14.50 ; sidings, 6.08— total track (steel), 35.08 miles. Consolidation (1838) of the Lowell and Nashua, chartered
April 16, 1836, and the Nashua and Lowell, chartered June 23, 1835. Road completed and opened December 23,
1838 ; second track laid in 1845-46. On the first of October, 1880, the road was leased for 99 years to the Boston
and Lowell RR. Co., which also purchased this company's interest in the Mystic Wharf property and the corpo-
ration warehouses in Boston, as well as the leases of the Stony Brook, the Wilton, and the Peterborough Rlts.,
paying for all $474,754.62. Of this sum there were applied to the liquidation of the company's floating debt,
$174,754.62, and the balance, $300,000 was set apart to retire the funded debt. Rental, $65,000, being 8 per cent,
on stock and $1,000 for corporate expenses ; all other charges, including interest on bonds, being assumed by
lessees. Income for year ending September 30, 1886 : Rental, $65,000 ; interest, etc., $18,514.79— toUT, $8.3,514.79.
Payments : Sundry expenses, $5,608.39 ; interest, $17,585.89 ; dividends (May and November, 3i per cent, each),
$56,000— total, $79,189.28. Balance, surplus, $4,325.51.
General Balance Sheet, September 80, 1886.
Construction Account $69129207
Equipment Account 218,242 95
Bills Receivable 300,000 00
Cash and Cash Assets 52,074 17
Total Assets $1,261,609-19
Capital Stock $800,00000
Funded Dent 300,00000
Unfunded Debt 40,468 50
Profit and Loss 121,140 69
Total Liabilities $1 ,261,609 19
The first dividend was paid in May, 1839, and since then 91 dividend payments have been made, the aggregate
of all being 379$ per cent., or an average of a fraction over 8 per cent, per annum, all in cash. There was also a
stock dividend of 20 per cent, in August, 1867. For particulars, see MANUAL for 1886, page 171.
Funded debt consists of $200,000 6 per cent. 20-year gold bonds, due August 1, 1893, interest February and
August, and $100,0<>0 5 per cent. 20-year bonds, due July 1, 1900, interest January and July. Dividends paid at
company's office, Nashua, N. H. Annual meeting last Wednesday in May. Stock listed on Boston Stock Ex-
change. FRANCIS A. BROOKS, President; J. N. White, Treasurer, Nashua, N. H.; Walter A. Levering, Clerk
of Corporation, Nashua, N. H.
NORTHERN (N. H.) RAILROAD.— Concord, N. H., to White River Junction, Vt, 69.50 miles.
Bristol Branch: Franklin, 19 m. N. W. Concord) to Bristol, N. H., 13.41 miles— total, 82.91 miles. Sidings, etc.,
16.50 miles. Gauge, 4 ft. 8f in. Rail (steel. 69.5 m.), 56 and 60 Ibs. Chartered December 27, 1844 ; road opened
November 29, 1847. The Franklin and Bristol RR. Co. (chartered July 8, 1846, and opened July 2, 1848) was
acquired by consolidation January 31, 1849. The company is largely interested in the Concord and Claremont
and the Peterborough and Hillsborough Railroads, both of which are operated under its management. Of the
former it guarantees bonds to the amount of $500,000, due January 1, 1894, of which it owns $200.500, and of the
latter it assumes payment of semi-annual interest on $100,000 bonds, amounting to $6,500 per annum. On June
18, 18S4, the stockholders of this company ratified the lease of its road and property to the Boston and Lowell
RR. Co., and on June 19, 1884, the possession of the property covered by the lease was transferred to that com-
12 POOR'S MANUAL OF RAILROADS.
pany (see statement therefor). This lease runs for 99 years from May 81, 1884, the annual rental being five per
cent, on the company's stock, and S.OOOfor organization expenses, payable in gold, $39,605 quarterly, January 1,
April 1 July 1 and October 1. This lease carries with it the control of the Concord and Claremont and the
Peterborough and Hillsborough RRs. Shortly after the execution of this lease suits vqfre instituted to secure its
annulment and to compel a distribution of the company's surplus. These suits are still pending. Income Account
for the year ending March 31, 1886.— Surplus as per last report, $132.522.27 ; rental for year. §153,420 ; balance of
interest account, $49,152.95-total, $835,095.22. Paid dividends (December, 1885, and June, 1886, each 3 per cent.),
m79 S3H leaving surplus, $155,257.22; add balance of reserve account transferred, $274.78— total surplus, $155,-
582. There was a balance of §21,642.71 to the credit of reserve account March 31, 1885. To this was added during
the year $5.000, received from the Boston and Lowell RR. Co. for organization expenses, and §188.52 received
from miscellaneous sources: making a total of §26,831.23. There was charged against the account $26,556.45,
being expenses of the year, old claims, etc.; leaving a balance of $274.78, which has been charged off to income
account.
General Balance Sheet, April 1, 1886.
Construction, etc. (§37,008.80 p. m) $3,068,400 00
Concord and Claremoni RR 254,245 72
Northern RR. Stock (71 1 shares) 87,708 34
Bills Receivable 857,805 92
Cash 56,144 10
Superintendent's Department 10,530 14
Total Assets $4,284,834 22
Capital Stock $3,068,400 00
Dividend May 1, 1886 89,919 00
Unpaid Dividends and Coupons 12,765 26
Contingent Fund 958,21796
Income Balance 155,53200
Total Liabilities $4,284,834 22
Directors (elected May 27, 1886).— George E. Todd, Concord, N. H.; Geo. W. Nesmith, Alvah W. Srlloway,
Franklin, N. IL; Josiah H. Bentori, Jr., Uriel Crocker, Silas Pierce, Benj. P. Cheney, Boston, Mass. ALVAH W.
Si i I.OWAY. President, Franklin, N. H.; George A. Kettell, Treasurer, Boston, Mass.; William L. Foster, Clerk,
Concord, N. H. Principal Office, Concord, N. H.; Transfer Office, Boston, Mass.
PEMIGEWASSETT VALLEY RAILROAD.— Plymouth, N. H., to North Woodstock, N. H., 20
miles. Sidings, 1 mile. Gauge, 4 ft. S^ in. Rail (steel), 56 Ibs. per yard. Chartered July 9, 1874. Company
organized May 23, 1881. Construction commenced February, 1882; road opened March 1, 1883; leased to the
Boston, Concord and Montreal RR. at 6 per cent, on its stock, and transferred to the Boston and Lowell on the
l.'u-r of that line. Locomotive engines, 2. Cars— passenger, 2 ; freight (box, 35 ; platform, 90), 125. Rental for
1886, $80,204 ; maintenance of organization, $300. Total receipts, $30,504. Paid expenses, etc., $300 ; dividends,
February and August, 3 per cent, each, $30,204. Capital stock as limited by charter, $2,000,000 ; authorized by
corporation, $530,000. Cost of road, equipment, real estate, etc., $503,400 ; company's stock on hand, $26,000,
An extension of this line from North Woodstock to Fabyans is authorized by the company's charter, and its
construction is in contemplation. J. THOMAS VOSE, President, Boston, Mass. ; S. N. Bell, Secretary and Treas-
urer, Manchester, N. H.
'PETERBOROUGH RAILROAD.— Wilton, N. H., to Greenfield, N. H., 10.50; total track, 11.72
miles. Chartered July 7, 1866 ; road opened January 1, 1874 ; leased to Nashua and Lowell RR. Co. for 20 years
from October 1, 1873, at 6 per cent, on cost and taxes. On the first of October, 1880, the Boston and Lowell RR.
Co. purchased the lease of this line from the Nashua and Lowell RR. Co., and has since operated it. Rental,
j-ear ending March 31. 1886, $35,549.64 ; other receipts, $263.90— total, $35,813.54. Payments: Sundrj expenses,
$258.94 ; sinking fund and other charges, $23,9519.64 ; dividend in May, 3 per cent.— the limit allowed until bonds
are redeemed— $11.550— total, §35,807.58. Surplus, $5.96. Financial Statement, March 31, 1880.— Capital stock,
$385.000 ; funded debt, debenture 6 per cent. 5-20 year bonds, due October 1, 1897, $54,500 ; unfunded debt, $800 ;
profit and loss, $194,544.54 ; total liabilities, $634,844.54. Per contra : Construction, $588,950 ; sundry assets,
$45,894.54. EDWARD SPAULDING, President : Gilman C. Shattuck, Treasurer; Harry W. Ramsdell, Clerk,
Nashua, N. H.
PETERBOROUGH AND HILLSBOROUGH [RAILROAD.-Peterborongh, N. H., to Hills-
borough Bridge, X. H., 18.50 miles. Sidings, etc., 1.44 miles. Gauge, 4 ft. 8i in. Rail, »i Ibs. Chartered July
7, 186!t ; road completed July 5, 1878. This road was built in the interest of the Northern RR. by the issue of
the 1st and 2d mortgage bonds, the whole of the latter issue being now held by the said company. On June 1,
1884, it was leased to the Boston and Lowell RR. Co. upon terms as given in statement for that company.
Financial Statement, April 1. 1885.— Capital stock, $45.000 ; funded debt $165,000, consisting of §100,000
first mortgage and $65,000 second mortgage bonds, both issues dated April 30, 1877, due in 20 years and bearing
6^ per cent, interest, payable April 80 and October 30 ; current accounts, $44,132.27— total liabilities, $254 132 27.
Contra: Construction, $209.298.44 ; cash, $925 ; debit balances, $43,903.83 -total, $254,132.27. ALVAH W. SULLO-
WAY, Pretliltnt ; E. II. Woodman, Treasurer and Clerk, Concord, N. H.
STONY BROOK RAILROAD.— North Chelmsford. Mass., to Ayet Mass., 13.16 : total track, 14.11
miles. Chartered March 26, 1845 ; road opened July 1, 1848. Leased in 1884 to the Boston and Lowell RR. Co.,
at 6} per cent, on stock to 1890, and 7 per cent, for 99 years thereafter. Rental, year ending September, 30, 1886,
819.500 • other receipts, $500— total, §20,000. Sundry expenses, etc., $261.59. Net revenue, $19,23841. Paid
dividend on stock (May and November, each 3* per cent.), $19.500. Surplus, $223.93. Semi-annual cash divi-
dends of three per cent, each have usually been paid on the stock of this company from its completion to date of
existing lease. Capital stock, §300,000 ; profit and loss, §223.93— total, §300.223.93. Contra: Cost of road, 8296 -
601.19 ; other property, $21,492.38 ; ca*h and cash assets, §2,130.36— total, $300,000. JAMES B. FRANCIS, President ;
Jacob Rogers, Treasurer and Clerk, Lowell, Mass.
Vermont Division of the Portland and Ogdensburg RR. Company. Road completed in 1877, and in October of
that year placed in the hands of a receiver. On April 1, 1885, this company entered into a contract with the
Boston. Concord and Montreal RR. Co. for the operation of its line by the latter, which guarantees to make good
any deficit in net earnings in order to muet the Interest on this company's indebtedness. Under this contract
the road is now operatea by the Boston and Lowell RR. Co.
>i Stock.— Locomotive engines, 15. Cars— passenger, 7 : mail and baggage (combination) 3 • freight
(box, i:r, ; hay, 5 ; butter, 5 ; stock. 8 ; bark, 10 ; flat, 127), 290-total, 300. Also, 2 derrick cars, 9 snow-plows
31 hand and .'-;<) iron cars.
'•nt. July 1,
mon ~
her i
profit and loss, *93,974".05-touC $5,038.»20.9i. Contra: Construction' and"eqiiipmcn"r$4!5TC69o7o5runi^sueci
capital stock $236,450; steamboat and dock property, $60,779.71; supplies, etc.. $123,693.19; accounts and
balance., J40.00J75; ca»h. etc.. ^Krni.-.'l. On March 20, 1H84, the stockholders authorized an fssue of con«oli
80-year gold mortgage bonds limited to $16,000 per mile, $600,000 of which bears Interest at 6 per cent.,
POOR'S MANUAL OF BAILROADS. 13
and are reserved to retire prior lien bonds. The remainder, which bear 5 per cent, interest, and are to be used
in improving the road, etc., are restricted in issue so as to be dependent on increased earnings. There have been
issued of the latter $400,000 payable April, 1914, interest (gold) payable January, April. July and October. Of
this amount $359,000 are owned by the Boston and Lowell RR. Co. Boston Safe Deposit and Trust Co., of Bos-
ton, trustee of bonds. Interest paid by same. Annual meeting, second Wednesday in August. Preferred
Btock entitled to dividend up to 6 per cent, before common stock. Both classes listed on Boston Stock Ex-
change.
Directors.— C. S. Mellen, Arlington, Mass.; W. A. Stowell, Montpelier. Vt.; Horace Fairbanks, A. B. Jewett,
St. Johnsbury, Vt., George W. Hendee, Morrisville, Vt. ; H. E. Folsom, Lyndonville, Vt.; H. N. Turner, Win-
chester, Mass.; W. F. Simons, Somerville, Mass.; C. E. A. Bartlett, Chelmsford, Mass. Officers: C. S. MELLEN,
President, Arlington, Mass.; W. A. Stowell, Secretary and Treasurer, Montpelier, yt. Corporate office and
address, Montpelier, Vt.
"WILTON RAILROAD.— Nashua, N. H., to Wilton. N. H., 15.50; total track, 17.54 miles. Chartered
December 28, 1844; road opened June 10, 1851. Leased to Boston and Lowell RR. Co. for 99 years. Rental,
$lt>.950. Dividends January and July, each 3$ per cent. Capital stock (authorized, $250,000), $233,000 ; reserved
earnings, $9,600; dividends uncnlled, $660; dividend June 1,1882, $6,990; profit and loss, $1,028.^0— total,
$251,278.20. Contra: Construction, $228,352.82; depot buildings, $14,247.18; cash, $8,678.20— total, $251,278.20.
SOLOMON SPALDINO, President; Frank A. McKean, Treasurer ; J. Thornton Greeley, Clerk, Nashua, N. H.
Board of Directors, Boston and Lowell RR. Co., elected January 5, 1887.
Edwin Morey Boston, Mass. Fredk. E. Clarke. . .Lawrence, Mass. I Wm. Powell Mason. . .Boston, Mass.
T. Jefferson Coolidge. Boston, Mass. Channing Clapp Boston, Mass. | A. Cochrane Boston, Mass.
Wm. A. Haskell.. Boston, Mass.
EDWIN MOREY, President Boston, Mass.
Treasurer— C. E. A. Bartlett Chelmsford, Mass. | Genl. Superintendent— C. S. Mellen Boston, Mass.
Secretary— C. E. Cram Winchester, Mass.
PRINCIPAL OFFICE AND ADDRESS Boston, Mass.
BOSTON AND MAINE RAILROAD.
Main Line of Road. — Boston, Mass., to Portland, Me ..................... 115.50 mile?.
Branches : Medford, 2 ; Methuen, 3.75; * Great Falls, 2.75 .................... 8.50 miles.
[Eastern RR. of Massachusetts and branches. (See page 18) ........ 118.32
Danvers RR. : Wakefield Junction to Danvers, Mass ............. 9.26
Dover and Winnipiseogee RR. : Dover, N. H., to Alton Bay, N. H. . 29.00
Lowell and Andover RR. : Lowell to Lowell Junction, Mass ....... 8.73
Newburyport RR. : Bradford to Newburyport and Danvers ........ 26.98
Wetf Ameslury RR. : West Amesbury to Newton, N. H .......... 4.50
Kennebunk and Kennebunkport RR. : In Kennebunkport, Me ..... 4.50
-{ Chelsea Reach RR. : Oak Island Junction to Saugus River Junction. 1 .78
Eastern RR. in N. H. : Portsmouth, N. H., to Seabrook ......... 16.08
Newburyport City RR. : Eastern RR. to Wharvea. ............... 2.24
Portsmouth and Dover RR. : Portsmouth, N. H., to Dover. N. H. . 10.88
Portland, Saco and Portsmouth RR. : Portsmouth to Portland ____ 50.76
Portsmouth, G. F. and Conway RR. : Con way J unc. to No. Conway . 72.86
Wolfeborouyh RR. : Wolfeboro' Junction to Lake Winnipiseogee. . 12.03
Worcester, Nash. & Roch. RR. : Worcester, Mass., to Roch., N. H. 94.48 — 462.40 miles.
Total length of line operated ...................................... . ..... 586.40 miles.
2d track owned, 71.96; sidings owned, 94.22 miles; total track owned (steel, 212 miles),
290.18 miles. Gauge, 4 ft. 8£ in. Rail (steel, 572.49 m.), 60 and 72 Ibs.
History. — The Boston and Maine RR. Co. was formed by the consolidation January 1,
1842, of the (a) Boston and Portland RR. Co. of Massachusetts, the (b) Boston and Maine RR.
Co. of New Hampshire, and the (c) Maine, New Hampshire and Massachusetts RR. Co. of Maine,
the charters of the three companies authorizing the construction of a line from the Boston
and Lowell RR. at Wilmington, Mass., to South Berwick, Me.
The Boston and Portland RR. Co. was originally organized March 15, 1833, as the An-
dover and Wilmington RR. Co., with authority to build a road between the points named in
its title. On April 7, 1835, an extension from Andover to Haverliill was authorized, and on
April 5, 1837, a further extension from Bradford to a connection with the Boston and Maine
RR. Co. of New Hampshire at the boundary line. In 1839 the name was changed to the Bos-
ton and Portland RR. Co. The New Hampshire corporation was chartered June 27, 1835;
the Maine company March 12, 1839.
* 2.75 miles of this branch operated by the Manchester and Lawrence RR., reducing the total operated to
583.65 miles.
14 POOR'S MANUAL— BOSTON AND MAINE BR.
lu 1835 the section from Andover to Wilmington, 6.5 miles, was placed under construc-
tion, and in 1836 opened for business, the tracks of the Boston and Lowell RE. being used
temporal ily between Wilmington and Boston. The road was opened from Andover to Exeter,
18 miles, in 1840 ; to Dover, 17 miles, in 1841; and opened through to South Berwick, Me.,
February 23, 1843.
In advance of the completion of the line to South Berwick, a contract had been entered
into on January 28, 1843, for the lease jointly with the Eastern RR. Co., of the Portland, Saco
and Portsmouth RR., which had just previously been completed from Portsmouth, N. H., to
Portland, Me. The terms of this contract provided for the payment of a rental equal to six
per cent, on the capital stock ($1,500,000) of the lessor company, the joint lessees sharing
equally in profit or loss resulting from its operation.
The rapid growth in the company's traffic following the opening of the road to Dover in
1841 established the need of independent connection with Boston ; accordingly, in 1844-45,
under authority of a charter granted to the Boston and Maine Extension RR. Co., dated March
16, 1844, a new line between Wilmington and Boston was built. The route of this new line
was from a point on the then existing road near the confines of Wilmington and Andover,
through- Reading, South Reading, Maiden, Somerville and Charlestown, to Hay Market
Square in Boston. This charter prohibited the establishment of a business station in the
town of Wilmington, which being on the line of the Boston and Lowell Railroad was deemed
reasonably accommodated with railway facilities.
The new line from Andover to Boston was opened for the accommodation of the public in
July, 1845, adding 16.5 miles to the length of the line. A union of the two companies was
effected under legislative authority conferred by act of March 19, 1845.
In the meantime the enterprise of establishing a large manufacturing town at Lawrence
was commenced ; and the foundation of that city was laid in the same year that the Boston
and Maine line of railway was completed into the City of Boston. It was at once manifest
that the centre of business of this new manufacturing city would be nearly two miles from
the Boston and Maine Railroad as it then existed in Andover. On examination it was evident
that the most economical way of accommodating the business of the new town and the busi-
ness of the road would be by an entirely new line of about 9 miles in length, commencing at
the southern extremity of Andover near the point where the grant for the Boston and Maine
Extension commenced, and uniting with the old line in North Andover, two and a half miles
from Lawrence.
About this time a project was under consideration in New Hampshire for the construc-
tion of a direct line of railroad connecting Manchester with Lawrence, and in 1847 it took
practical shape in the passage of an act by the Legislature of that State chartering the Man-
chester and Lawrence RR. Co. and empowering it to construct a line of road from Manchester
to the Massachusetts State Line. From the latter point to Lawrence, a distance of 3.75 miles,
within the State of Massachusetts, a connecting link was built by the Boston" and Maine RR.
Co., the object twofold — first, to obviate the organization of an independent corporation in
Massachusetts in the interest of the Manchester and Lawrence RR. Co., and second to secure
by this simple act of co-operation the good will of the Manchester and Lawrence stockholders
with a view to ultimate profit from an interchange of traffic. The charter for this branch
and authority for the change of line in Audover was granted by the Legislature in the winter
of 1846.
In the meantime the citizens of Medford had obtained a charter for a branch road from
that village to the line of the Boston and Maine Railroad in Maiden, with permission "to
enter upon and use " the Boston and Maine Railroad ; but with authority to the Boston and
Maine Railroad to assume the branch. Many circumstances conspired to render it expedient
for this corporation to accept the charter and construct the branch rather than have an inde-
pendent road of less than two miles in length come into partnership with them in the use of
threw and a half miles of their road and their depot accommodations in Boston.
The Medford Branch, the Methuen Branch, and "the change of location "in Andover
were completed about the end of 1848 or the beginning of 1849, and in the summer of 1849
POOE'S MANUAL — BOSTON AND MAIME EB. 15
the second track was laid from Boston to North Andover, about 28 miles, and on the Metliuen
Branch about one mile through Lawrence.
Upon the completion of these works, the total mileage of the company's road was 82.75
miles, the cost of which was $4,021,606 or $48,636 per mile. Of this amount the greater part
was met by stock subscriptions aggregating in 1850, $4,076,974.52, representing 41, 557 shares
of a par value of $100 each, the discount on the whole amount being only $78,725.48, or less
than two per cent. During the next 20 years no important additions were made to the prop-
erty, other than improvements rendered necessary by the development of the company's
traffic.
The contract under which the company's trains entered Portland over the Portlanl, Saco
and Portsmouth RR. was abrogated January 20, 1871, and the company thereupon applied to
the Legislature for authority to build an extension of its line from Salmon Falls to Portland.
This authority was granted by act approved February 17, 1871, and its acceptance was rati-
fied by the shareholders March 16, 1871. Work was actively begun in October, 1871, and the
last rail was laid December 6, 1872. Through freight trains began running between Boston
and Portland February 15, 1873, and about a month later regular passenger business began.
The entire cost of the extension was $4,221,266.11. Part of this amount was provided by the
sale of $2,000,000 stock, issued December, 1871, and another part by an issue of $1,500,000
bonds of January, 1873. To complete the road and fund the floating debt, the company, on
January 1, 1874, made a second issue of bonds, this time to the amount of $2,000,000.
LEASES. — The lease of theDanvers RR. was made May 1, 1855, to run for 100 years from
that date. The next lease made was that of the Newburyport RR., for 100 years from Feb-
ruary 21, 1860. The Dover and Winnipiseogee RR. was leased November 1, 1864, for 50
years. The West Amesbury Branch RR. was leased on its completion January 9, 1873. The
Lowell and Andover lease is for 99 years from October 1, 1874. The road was not opened till
December, 1874. The Kenuebunk and Kennebunkport RR. was leased on completion, June
18, 1883, for 90 years. On the 22d of December, 1883, the company took a 54-years' lease
from October 1, 1883, of the Eastern RR. and its leased and operatedlines — the Chelsea Beach,
the Eastern in New Hampshire, the Newburyport City, the Portsmouth and Dover, the
Portsmouth, Great Falls and Conway, the Portland, Saco and Portsmouth, and the Wolfe-
borough RRs.
By the terms of the Eastern RR. lease the Boston and Maine agrees to operate both sys-
tems to the best advantage of each, and make such improvements upon the property as may
from time to time become mcissary. To meet the cost of such improvements the lessee
shall issue improvement bonds, to run for the longest period allowed by law, and to be
secured by a sinking fund of not exceeding 1| per cent, per annum. The combined earnings
of the two companies, from all sources, including dividends from investments, etc., shall be
used to pay : (1) All expenses of operating both companies, such expenses to include ordi-
nary operating expenses, taxes, interest and sinking fund of improvement bonds, interest on
car trust and on loan for improvement of East Boston Wharf property, and $10,000 yearly,
payable quarterly, for organization expenses of Eastern RR. Co., such $10,000 to include
$3,000 to be paid to the trustees under its mortgage. (2) Rentals of leased lines and interest
on permanent debt of both companies. (3) From the surplus remaining, the Boston and
Maine RR. Co. shall retain $360,000 for its own use. (4) All surplus then remaining up to
$100,000 shall be paid to the Eastern RR. Co. (5) All surplus up to $70,000 shall be retained
by the Boston and Maine RR. Co. (6) All surplus up to $336,000 shall be paid to the Eastern
RR. Co. (7) Any surplus then remaining shall be applied to permanent, improvements upon
the properties of both companies, pro rata, according to mileage, including branches and
leased roads, so far as such improvements may be required; and the remainder, if any, may
be applied to the purchase of the improvement bonds. Improvement bonds not paid at
maturity by the sinking fund provided therefor, shall be paid from the proceeds of other
improvement bonds to be issued by the lessee, of a like character and similarly secured by a
sinking fund. Principal of car trusts and East Boston wharf improvement loan shall be
paid from the proceeds of improvement bonds. Dividends on investments, mentioned above,
16
POORS MANUAL— BOSTON AND MAINE RB.
do not include Portsmouth, Great Falls and Conway, and Wolfe borough RRs. For terms of
the other leases see subjoined statements for the several roads.
Rolling Stock. — Locomotive engines : owned, 103 ; leased, 130 — total, 233. Cars as
follows :
PASSENGER TRAIN CABS (473).
FREIGHT TRAIN CARS (4,804).
SUNDRT CARS (320).
Owned.
Leased.
Owned.
Leased.
Owned.
Leased.
177
12
189
8
1
1
45
4
4
8-wh. Box
746
15
86
654
431
427
32
1,262
45
127
849
4-wh. Gravel Dump
8-wh. Tool- Box
8-wh. Boarding
80
3
201
15
8
4
3
Parlor
8-wh. Box-Caboose.
4-\vh. Box
Paymasters' .. .
8-wh. Platform
4-wh. Platform
4-wh. Coal Dump . .
8-wh. Oil Tank
8-wh.Tool,D'rk,&c.
4-w. D'rk,8tone,&c.
8-wh. Steam Shovel.
8-wh. Pile Driver...
Bairnaire
32
4
1
2,705
mat
130
Express
5
cars
1
2,892
Total of all
Operations for year ending September 30, 1886. — Train mileage — passenger, 8,084,970 ;
freight. 1,507,212 ; other, 1,005,310— total, 5,597,492 miles. Passengers carried, 17,022,581 ;
carried one mile, 224,223,291 ; average mile rate, 1.802 cents. Tons freight moved, 2,703,201 ;
moved one. mile, 129,125,871 ; average ton-mile rate, 2.269 cents.
Expenses.— Transportation $1 ,572,286 37
Motive Power 1,224,514 47
Maintenance of Cars 476,488 21
Maintenance Way & Buildings. 1,058,332 44
General 162,540 97
E«r nlngs.— Passenger $4,040,286 41
Freight 2,929,766 07
Mail 95.448 66
Express 170,050 84
Extra Baggage and Storage 17,430 40
Total (§12,952.67 per mile) $7,253,882 38
Rent of Tenements, Land, etc 82,828 47
Income from Investments 153,031 48
Income from Coal-Hoisting Engines 11,784 90
Miscellaneous Income 42,16407
Total ($8,024.86 per mile) $4,494,162 46
Taxes 259,247 38
Interest on Improvement Bond* 34,493 77
Sinking Fund for Redemption of Improve-
ment Bonds 13,890 00
Gross Earnings ($13,470.15 per mile; ... $7,543,091 30 Gross Expenses ($8,574.17 per mile).. ..$4,801,793 61
Net earnings from all sources (36.35) per cent., $2,741,897.69. Payments : Rentals, $1,-
865,117.31; interest on bonds, $245,000; other interest, $10,439.94— total, $1,6'20,557.25.
Surplus over fixed charges, $1,121,340.44. Eastern RR. Co. proportion, $421,340.44 ; B. and
M. proportion, $700,000, from which were paid dividends (May 15, 4| per cent., and Nov. 15,
5 per cent.), $665,000, leaving balance to credit of profit and loss, $35,000.
Lease rentals : Eastern, $872,037.31 ; Worcester, Nashua and Rochester (9 mos.), $187,500 ;
Portland, Saco and Portsmouth, $90,300 ; Portsmouth, Great Falls and Conway, $45,275 ;
Portsmouth and Dover, $46,140 ; Lowell and Andover, $52,500 ; Dover and Winnipiseogee,
$29,000 ; Eastern RR. in New Hampshire, $22,500 ; Newburyport City, $6,000 ; West Ames-
bury Branch, $5,700; Wolfeborough, $2,240; Kenuebunk and Konnebunkport, $2,925; Boston
and Albany, $3,000.
General Balance SJieet, September 30, 1886.
Construction $9,620,93763
Equipment, 1,308,180 00
Bondrt, Stock.*, and Investments 1,171,226 33
(';i;-li iincl Hills Hceeivable 811,775 86
< -i-h in Sink iii'_' Fund 55,720 08
Material! and Mipplies 808,156 64
Due from A^entr-, other Roads, etc 477,722 95
Improvement Accounts 1,602,610 53
Insurance Premiums Paid 4 081 00
Total Assets 815,360,41 1 02
Capital Stock K $7,000,000 00
Funded Debt 4,4-26,000 00
NotesPayable 300,00000
Current Bills 380,693 88
Lease Rentals Accrued, Unpaid 649,423 36
Interest Accrued 70,75509
Interest and Dividends Unpaid 22,564 50
Due other Companies, etc 437,464 65
Eastern KR. Lease Account ".'.'. 170,240 33
linking Fund Improvement Bonds 55,720 08
Profit and Loss 1,847,549 13
Total Liabilities $15,360,41 1~02
Bonds, t-tocks, etc., in above account are as follows : Dover and Winnipiseogee RR.
Btock, $263,144.48; real estate, $52,632.21; Danvers RR. bonds, $125,000; account against
same, $27,430 ; Newburyport RR. stock and bonds, $302,493.95 ; Portland and Rochester RR
139,540.56; Orchard Beach RR. stock, $49,624.89 ; Essex RR. mortgage bonds, $42,-
100 ; Steamer Mt. Washington and wharves, $69,260.24— total, $1,171 226.33.
Funded debt consists of coupon and registered 7 per cent, bonds, due January 1, 1893,
POOR'S MANUAL — BOSTON AND MAINE RR.
17
$1,500,000; due January 1, 1894, $2,000,000; improvement 4 per cent, bonds, due February
1905, $926,000.
Annual meeting, second Wednesday in December. Books close for annual meeting day
preceding same ; for dividends, when they are declared. Stock and bonds listed on Boston
Stock Exchange.
Statement of operations, capital account, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Mi'es of Railroad Owned. ..
Miles Operated (average). . .
Miles of Track Owned
126.50
202.50
236.72
117.69
79
164
1,692
957,498
405,921
4,572,175
64,974,753
685.598
32,334,295
8
2,238,821
1,354,755
126.50
202.59
247.13
125.44
80
167
1,844
997,442
473,678
4,829,028
68,596,870
810,122
39,952,004
$
2,532,652
1,511,018
124.00
202.47
253.45
135.97
84
178
1,924
1,087,942
462,100
5,325,375
74,968,911
842,604
41,889,600
8
6,687,516
1,727,090
124 00
203.84
263.08
154.91
86
182
1,949
1,120,107
511,283
5,984,000
81,641,541
904,966
44,882,394
8
2,850,730
1,929,857
124.00
205.19
269.75
179.90
89
198
2,135
1,176,851
529,011
6,488.756
85,216,481
946,906
48,7.36,777
$
2,991,430
2,070,760
124.00
204.20
276.28
197.26
92
205
1,868
1,289,545
540,028
7,054,809
89,587,566
958,332
44,937,544
$
3,001,803
2,102,590
124.00
489.17
284.03
197.27
207
428
4,131
2,764,801
1,279,186
15,587,375
204 321 021
2,132,954
114,506,044
8
6,511,560
4,185,099
124.00
-.60.03
290.18
212.69
233
473
4,804
3,084,970
1,507,212
17,022,581
224.223,291
2,703,201
129.125,871
8
7,543,691
4,801,793
Miles of Steel Rail
Locomotive Engines
Passenger, etc Cars ....
Freight, etc.. Cars
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Miles
Tonnage Moved
Tonnage Miles .....
Groes Earning*".
Gross Expenses and Taxes.
Net Earnings
884,066
87,200
246,447
(6) 420,000
1,021,634
87,200
245,909
(7t)525,000
4,960,426
87,200
246,632
(8) 500,000
920,873
87,200
245,000
(8) 560,000
920,670
88,297
245,000
(8) 560,000
899,213
90,125
245.000
(8) 560,000
2,326,461
1,225,526
266,424
(8) 560,000
134,511
140,000
13,311 45
8,555 51
4,755 94
64.27 p. C.
1.74 c.
2.13c.
8
6,921,274
4,115,000
653,985
1,173,812
1,832,184
2,741,898
1,365,117
255,440
(91)665,000
421,340
35,000
13,470 15
8,574 17
4,895 98
63. 65 p. c.
1.802 c.
2.269 c.
8
7,000,000
4,426,000
300,000
1,786,862
1.847,549
Lease Rentals . ...
Interest .
Dividends
Eastern RR. Co
Balance
130,410
11,050 99
6,687 18
4,363 81
60.51 p. c.
1.93c.
2.49 c.
$
6,921,274
3,500,000
12,009
67,666
1,628,993
163,525
12,501 37
7,458 50
5,042 87
59.66 p. c.
2.06 c.
2.36 C.
8
6,921,274
3,500,000
7,009
82,768
1,761,995
66,594
13,27365
8,530 10
4,743 55
64. 27 p. c.
1.98 c.
2.43 c.
8
6,921,274
3,500,000
500
32,822
1,761,829
28,673
13,985 14
9,467 51
4,517 62
67.61 p. c.
1.95C.
2.41 C.
$
6.921,274
3,500,000
100,000
234.892
1,637,502
27,373
14,592 34
10,J01 27
4,491 07
69.22 p. c.
1.97 c.
2.33 c.
8
6,921.274
3,500,000
5lX>;000
226.261
1,636,202
4,088
14,714 72
10,306 82
4,407 90
70.04 p. c.
1.90 C.
2.34 c.
S
6,921,274
3,500,000
789,700
215,886
1,612,917
Gross Earnings per Mile
Gross Expenses per Mile . . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
Capital Stock
Funded Debt
Notes Payable
Other Liabilities
Surplus
Total Liabilities
12,129,942
9,513,616
1,242,230
812,909
143,945
200,937
217,305
12,273,046
9,508,754
1,242. 2:W
872,064
205,936
131,220
312,842
12,128,426
9,508,754
1,242.230
872,964
197,175
172.220
135,983
12.393,668
9,512,780
1,242,230
1,032,598
216,481
166.965
222,614
12,783,737
9,512,780
1,308,180
1,187,300
281,895
223,821
269,101
13,039,777
9,512,780
1,308,180
1.448,969
308,836
229,751
230,261
14,696,255
9,620,9138
1,308,180
1,089,994
678,848
1,401,534
596,701
15.360,411
9,620,938
1,308,180
1,171,226
808,157
2,236,890
215,020
Railroads
Equipments
Other Investments
Supplies and Materials
Other Assets
Cash.
Total Assets ....
12,129,942
12,273,046
12,128,426
12,393,668
12,783,737
13,039,777
14,696,255
15,360,411
NOTE.— In the above statement the gross earnings include the receipts from all sources, and ou this basis the
calculations of mileage earnings are made.
Statement of dividends paid by Boston and Maine RR. since 1838 :
Date.
p. c.
Date.
p. c.
Date.
p. c.
Date.
p. c.
Date.
p. c.
Date.
p.c.
Oct., 1838
3
Jan., 1847
3*
July, 1855
3
July, 1863
4
July, 1871
5
May, 1879
3
April, 1839
2
July, 1847
Jan., 1&56
3
Jan., 1864
4
Nov., 1871
8
Nov., 1879
a
Dec., 1S39
4
Jan., 1848
5
July, 1S56
3
July, 1864
4
May, 1872
5
May, 1880
3t
April, 1840
2
July, 1848
4*
Jan., 1857
3
Jan, 1865
4
Nov., 1872
5
Nov., 1880
July, 18W
H
Jan., 1849
4
July. 1857
3
July, 1865
4
May, 1873
4
May, 1881
4
Jan., 1841
3
Jan., 1850
5*
Jan., 1858
3
Jan., 1866
4
Dec., 1873
4
Nov., 1881
4
July, 1841
2*
July, 1850
3
July, 1858
3
July, 1866
5
May, 1874
4
May, 1882
4
Jan., 1842
3*
Jan., 1851
2
Jan., 1859
3f
Jan., 1867
5
Nov., 1874
4
Nov., 1882
4
July, 1842
3
July, 1,851
3*
July, 1859
4
July, 1807
5
May, 1875
4
May, 1883
4
Jan., 1843
3
Jan., 1852
31
Jan., 18KO
4
Jan., 1868
5
Nov., 1875
4
Nov., 1883
4
July, 1843
3
July, 1852 Si
July, 1860
4
July, 1868
5
May, 1876
3
May, 1884
4
Jan., 1844
3
Jan., 1853
3*
Dec., 1860
4
Jan., 1869
5
Nov., 1876
3
Nov., 1884
4
July, 1844
3
July, 1«53
July, 1861
4
July, 1869
5
May, 1877
2
May, 1885
4
Jan., 1S45
3*
Jan., 1854
4
Jan., 1862
3
Jan., 1870
5
Nov., 1877
3
Nov., 1885
4
July, 1845
3t
July, 1854
4
July, 1862
3
Julv, 1870
5
May, 1878
3
May, 1886
4J-
Jan., 1846
3i
Jan., 1855
4
Jan., 1863
4
Dec., 1870
5
Nov., 1878
3
Nov., 1886
5
July, 1846
3^
18 POOR'S MANUAL OF RAILROADS.
RAILROADS OWNED OK LKASED BY THE BOSTON AND MAINE RAILEOAD.
CHELSEA BEACH RAILROAD. -Oak Island Junction, Mas?., to Saugus River Junction, 1.78
miles • total truck, 2.32 miles. Chartered April 22, 1881 : road opened July 2, 1881 ; virtually owned by Eastern
RR. Co. (See page 15.) Capital stock, $21,000 ; unfunded debt, $17,310.52— total, representing cost, $88,310.52.
ARTHUR SKWALT., President, Bath, Me.; N. G. Chapin, Treasurer ; F. 1. Amory. Secretary. General and transfer
offices, Boston, Mass.
DANVERS RAILROAD.— Wakefield Junction to Danvers, Mass., 9.26; total track, 10.55 miles.
Chartered March 15, 1853; road opened May 10, 1854; leased May 1, 1853, for 100 years to Boston and Maine RR.
Co. the lessee guaranteeing 6 per cent, on $125,000 bonds, now owned by itself. Capital stock, $67,500: funded
debt, 8150.000; unfunded debt, $26,956 02— total, representing cost of road, etc., $244,456.02. GEO. C. LOKD,
President, Newton, Mass.; AmOs Blanchard, Treasurer, Lowell, Mass.
DOVER AND WINNIPISEOGEE RAILROAD.— Dover, N. H., to Alton Bay, N. H., 29 ; total
track. 32.72 miles. Chartered as Cocheco RR. in 1847 ; road opened to Farmington, N. H., in 1848 ; to Alton Bay
in 1851. Reorganized under present name July 1, 1862 ; leaned for 50 years at 6 per cent. OB share capital, and
$200 for organization. Gross income in 1885-86, $30,393.35. Paid dividends, $28,800; expenses and taxes, $388.13;
surplus, $1,205.22. Capital stock, * 480,000 : profit and loss, $23,6a3.02— total, $503,683.62. Cost of road, $480,000 ;
sundry assets, $23,683.62. Fir-t dividend (3 per cent.) paid May 1, 18S4, and regular semi-annual dividends of 3
per cent, each paid in May and November of each year since then. It is proposed to extend the line from Alton
Bay to Weirs, on the Boston, Concord and Montreal RR. WM. HALE, President ; G. W. Benii, Treasurer,
Dover, N. H.
EASTERN RAILROAD.— Boston, Mass., to New Hampshire State Line, 41.45 miles. Branches:
Hamilton Station to Asbury Grove, 1.06 ; Somerville to Charleston, 1.09 : Revere to East Boston, 3.47 ; Wenham
to Essex, 5.48 ; Beverly to Rockport, 16.94 ; Salem to Lawrence, 19.89 ; Salem to Marblehead, 3.52 ; Salisbury to
Amesbury, 3.79 ; Everett to Lynn, 9.55 ; Peabody to Wakefield, 8.12 ; Swampscott to Marblehead, 3.96— total, 76.-
87 mile*. Total length of main line and branches owni'd, 118.32miles. 2d track, 32.21 ; sidinsrs, etc., 6:1 65 miles.
Rail (steel, 141.08 miles), 65.63 Ibs. The Chelsea Beach, Eastern, in New Hampshire, Newburyport City, Ports-
mouth and Dover, Portland, Saco and Portsmouth, Portsmouth, Great Falls and Conway, and Wdfeborough
Railroads were leased by this company, and leases transferred to the Boston and Maine. The terms of the leases
are given in the statements for the several companies. The Eastern Railroad Company of Massachusetts, char-
tered April 14, 1836, completed a railroad from Etist Boston to the New Hampshire State Line, November 9. 1S40.
For statement showing the terminal points, length and date of opening each section of the company's mileage,
both owned and leaded, and date of the charter under which < ach was constructed, and how acquired by the
Eastern Railroad Company, see MANUAL for 1885, page 61. On the 22d of December, 1883, the company leased its
road to the Boston and Maine RR., the lease to run for 54 years from October 1, 1883. See Boston and Maine
RR. for terms of lease. In 1882 the Massachusetts Legislature authorized an issue of $5,000,000 preferred stock to
be given in exchange for a like amount of certificates of indebtedness. Since the close of the fiscal year $3,150,-
000 of this stock has been issued and all taken. Income, 1885-86, $1,294,411.58 ; expenses, $9,859.63 ; net income,
$1,284,551.95. Interest paid. $850,431.46. Surplus, $434,120.49. Surplus from last year. $351.668.36, less interest
charged profit and loss, $83,721.81 ; balance, October 1, 1885, $2157,946.55— total surplus, September 30, 1886, as per
balance sheet, $702,067.04.
Financial Statement, September 30, 1886.— Capital stock, $4,997,600; funded debt, $13,224.203.17: interest
id, $124,516 ' '
otal, $19,75*
.6,977.76; di
cash, $61,100.42.
The item $513,605.21 due from agents and companies is largely balance due from the Boston and Maine,
which will be paid to this company as soon as certain forms can be gone through with, and will then be paid over
to trustees for further extinguishment of debt. The reduction of $433,117.45 in funded debt during the year has
been by same process.
Funded debt consisted, September 30, 1886, of—
Mortgage Certificates (gold).. $13,029,803.17 ; dated September 1, 1877-1906 ; interest 6 p. c., M. & S.— $781,788.19
Essex RR. Bonds 194,400.00: dated September 15, 1886-1891 ; interest 4j p. c., M. & S.— 8,7-18.00
The Essex RR. bonds, which matured September 15, 1886 ($194,400), were extended for 5 years at 4J per cent.
The rate of interest on the mortgage certificates was fixed at 3J per cent, for the first 'three years ; 4£ per
cent, for the next three ; and 6 per cent, thereafter until maturity. Annual meeting, second Wednesday in
December. Books close about two weeks prior thereto.
Sundry investments consist of lands in East Boston, Revere, Lawrence, etc., and Bar Harbor property, $125,-
392.24 ; stock of Maine Central RR., $1,811,500 ; stock of Portland and Rochester RR., $182,050 : stock of Eastern
i. in New Hampshire, $900 ; stock of Portland, Bangor, Mount Desert and Maine Steamboat Company, $15,000 :
stock of Chelsea B -ach RR., $21.000; stock of Chelsea Beach construction. $17,310.52 ; stock of Portsmouth,
Great Falls and Conway RR., $551,300 ; stock of Wolfeborough RR., $343,400.
Directors (elected December 12, 1886).— By the bondholders : George C. Lord, Newton. Mass.: Nathaniel J.
. .,.. — .,„.„....,,,. „, «>j-n/. ..•.u n-uDi-u n> .c-uKierii ivn. vxi. or Ainssacnuseits lor a term or yy years, at a rental wnio
wa- equal to the dividends paid on the stock of the lessee. The latter failing to pay dividends in 1873, the rental
WMfinally changed October 1, 1878, to the sum of $22,500, which is a trifle over 4.5 per cent, on the capital stock
>n th and Boston. Annual meeting first Tuesday in May. „ „ .„. . ,r
« onh ,,,, the dav H is held. Books close for dividends 1st to 15th of June and 1st to 15th of December. Stock
ion HoMon stock 1 xchange. MOODY CIT.RIKH, I>re«,,lent, Manchester, N. H.; Edward A. Abbott, Treasurer,
Boston, Ma-.; A\ illiam H. Hackett, Secrftary, Portsmouth N H
1 87 *£3\'Sn\(f. £5!fi A^B°VER ^AILROAD.-Lowell to Lowell Junction, 8.73 ; branches in Lowell,
1.87-total, .0.10 ; total track, 22.77 miles. Chartered February 5, 1873 ; road opened in December, 1874 ; leased
POOR'S MANUAL OF RAILROADS. 19
for 99 years from October 1, 1874, at an annual rental of $52,500. Total income 1885-6, $53,2525.53. Expenses,
$403.89 ; interest paid, $10,800 ; dividends, December, 1884, and June, 1885 (each 3| per cent.), $35,000 ; surplus,
$6,961.64. Capital stock, $500,000 ; funded debt, first mortgage 6 per cent. 20-yenr bonds, due July 1, Ib94, $180,-
000 ; profit and loss, $l10,602.3l-total. $790,602.31. Cost of road, $754.695.94 ; other assets, $35,906.37. Interest
and dividends paid at Merchants' National Bank, Lowell, Mass. FKEUEIUCK AYKK, I'residtut ; Benj. Walker,
Secretary and Treasurer, Lowell, Mass.
NEWBURYPORT CITY RAILROAD.— B. & M. RR. to wharves at Newburyport, 2.08 miles ;
total track, 4.03 miles. Chartered March, 1870, and road opened in September, 1873. Leased from completion for
twenty years to the Eastern RR. Co. (See page 15.) Income for 1885-86 : Rental, |6,000 ; other sources, $865.37
— total, J6.865.37. Payments : Expenses and taxes, $1,040.29; interest, $1,750; dividends (March 1 and Septem-
ber 1, each 1J percent.), $3.895— total, $6.185.29. Balance, surplus, $680.08. Capital stock, $97,000 ; funded debt,
1st mortgage, 7 per cent. 20-year bonds, due May 1, 1892, $25,000 ; income balance, $16,707.81— total, $138,707.81.
Contra: Cost of road, $122,128.33; other assets, $16,579.48. This company paid its first dividend (2 percent.)
September 19, 1874, and second dividend (2 per cent.) March 1,1875. Since then regular semi-annual dividends
have been paid, aggregating 28.25 per cent. Interest and dividend* payable at Merchants' National Bank, New-
buryport, Mass. ALBERT CURKIEK, President; A. W. Greenleaf, Secretary and Treas., Newburyport, Mats.
NEWBURYPORT RAILROAD.— Bradford to Newburyport, and Georgetown to Danvers, 26.98 miles
—total track, 30.26 miles. Consolidation, February 22, 1855, of the Newburyport and the Danvers and Georgetown
RRs.; the former opened in 1851, the latter in 1854. Leased to the B. & M. RR. in 1859 for 100 years, the
rental being 6 per cent, on $300,000 . bonds, assumed by the lessees. Capital slock, $220,340.02; funded debt,
$300,000 ; unfunded debt, $77,046.31— total, representing cost of road, $597,386.33. GEO. C. LORD, President; A.
Blanchard, Treasurer, Boston, Mass.
PORTLAND, SAGO AND PORTSMOUTH RAILROAD.-Portsmouth,N.H., to Portland,Me.,
50.76 miles. Ti.tal track (steel, 54.96 miles), 66.91 miles. Chartered in 1837; road opened Nov. 21, 1842. Leased in
perpetuity to the Eastern RR. of Mass., in which all its operations are included. (See page 15.) Rolling stock
included in that of Eastern RR. Rental, 1885-6, $90,000 ; other receipts, $252.90— total, $90,252.90. Paid divi-
dends (January 15 and July 15, each 3 per cent.), $90,000. Surplus, $252.90. Capital stock, $1,500,000; dividends
unpaid, $2,298 ; profit and loss, $3,093.58— total, $1,505,391.58. Contra: Construction and equipment, $1,479.000;
other investments, $20,000 ; cash, $6.391.58. Dividends paid at Boston, Mass. Annual meeting first Monday in
June. Books close 10 days prior thereto. Books close for dividends June 30 and December 31. Stock listed on
Boston Stock Exchange. ARTHUR SEWAI.L, President, Bath, Me.; N. G. Chapin, Treasurer, Boston, Mass.; F.
R. Barrett, Secretary, Portland, Me. Transfer Office, Boston, Mass.
PORTSMOUTH AND DOVER RAILROAD.— Portsmouth, N. H., to Dover, N. H., 10.88 miles.
Sidings, etc., 1.49 miles. Chartered July 7, 1866 ; road opened February 1, 1874 ; leased on its completion to the
Eastern RR. in New Hampshire, and guaranteed by the Eastern RR. of Massachusetts for a period of 50 years at
an annual rental of 6 per cent, on $769,000 of stock. (See page 15.) Capital stock, $769,000; income balance,
$3,12905. Cost of road, $769,000 ; other assets, $3,129.05. Rental, $46,140. Dividends January and July, each
3 percent., $4H,140. Dividends paid at Portsmouth, N. H. FRANK JONES, President; G. L. Treadwell, Treas-
urer ; Calvin Page, Clerk. CORPORATE OFFICE, Portsmouth, N. H.
PORTSMOUTH, GREAT FALLS AND CONWAY RAILROAD.-Conway Junction, Me.,
to North Conway. N. H., 72.86 miles ; total track, 83.00 miles. Rail (steel, 25.78 miles), 58 and 60 Ibs. Consolida-
tion, June 30, 1865, of the Great Falls and Conway (chartered June 19. 1844 ; opened from Great Falls to Union
Village in 1850) and the Great Falls and South Berwick (chartered June 8, 1848 ; opened in July, 1854). The line
to Conway was built by the, consolidated company, and completed June 3, 1872. Leased in 187i to the Eastern of
N. H. for 60 years, the conditions of the lease being that the Eastern (Mass.). the Eastern (N. II.), and P., Gt. F.
and C. Railroads should be operated by the Eastern of Mass, as one line, and participate equally in the profits in
proportion to their respective interests. A new lease for 60 years, from October 1, 1878, has been made, under
which the Eastern (Muss.) RR. Co pays as rental 4.5 per cent, interest on the bonded debt, and dividends equal
to those on its own stock. The old 7 per cent, debenture bonds have been exchanged at par for 4^ per cent,
mortgage bonds. Rolling stock leased to Eastern RR. of Mass. (Seepage 15.) Rental for 1885-6, $45,000 ;
other receipts, $69.32— total, $45.069.32. Paid interest (June 1st and December 1st), $45,000. Surplus, $09.32.
Financial Statement, September 30. 1886.— Capital stock, $1,150,300 ; funded debt— first mortgage, 4| per cent,
bonds, dated June 1, 1877, due June 1, 1937, interest June and December, $1,000,000 ; coupons unpaid, $1,518.75 ;
profit and loss, $717.68— total, $2,152.535.43. Contra : Construction and equipment, $2,150,300 ; cash. $2,236.43.
Interest paid at Maverick National Bank, Boston, Mass. ARTHCR SKWALL, President, Bath, Me.; N. G. Chapin,
Treasurer, Boston Mass.; Wallace Hnckett, Secretary, Portsmouth, N. II. Transfer Office, Boston, Mas-.
WEST AMESBURY RAILROAD.— West Amesbury, Mass., to Newton, N. H., 4.50 miles— totil
track, 4.94 miles. Chartered May 2, 18t8 ; roud opened January 9,1873. Leased to B. & M. RR. at an annual
rental of $5,700. Total income 1885-6, $5,700. Expenses, $588.65 ; interest paid, $3,990 ; dividends January,
18«5, and July, 1885 (each 1 per cent.), $1,140. Deficit, $18.65. First dividend paid January 1, 1877, being at the
rate of 2j- per cent. Since then the company ha* paid to and including that of July, 1885, 17 regular semi-annual,
dividends ranging from l£ to 1 per cent, each, and aggregating with the first paid 24$ per cent. Capital stock, .
$57,000 ; funded debt, 1st mortgage 7 per cent. 20-year bonds, due July 1, 1893, $57,000 ; unfunded debt, $150 ;
surplus, $173.22— total, $114,3^3 22. Cost of road, etc., $114,COO ; cs-sh, etc., £323.22. Interest and dividends paid'
at First National Bank, Merrimac, Mass. WM. II. HASKELL, President ; Daniel J. Poore, Secretary and Treasurer, .
Merrimac, Mass.
WOLFEBOROUGH RAILROAD.— Wolfeboro' Junction to Wolfeborough, N. H., 12.03 miles ; sid-
ings, 0 80 mile. Chartered June 1, 1868 ; road opened in 1872. Leased on completion for 68 years to Eastern RR.
Co. of Massachusetts, at a rental equal to 6 per cent, on capital stock, of which only $36,500 are held by the pub-
lic ; the remainder belongs to the lessee. In the lease of the Eastern RR. to the Boston and Maine RR. Co. this
line was included. (For terms, see statement of Boston and Maine RR.). Semi-annual dividends of 3 per.
cent, each are paid March 1 and September 1, at Boston, Wolfeboroutrh and Portsmouth. Capital stock, $385,500;
unpaid dividends, $96. Contra: Construction and equipment, $385,500; cash, $96. ARTHUR SKWALL, President,
Boston, Mass.; N. G. Chapin. 'Treasurer, Boston, Mass.; John L. Peavy, Secretary, Wolfeboro', N. H. General
and Transfer Offices, Boston, Mass.
WORCESTER, NASHUA AND ROCHESTER RAILROAD.— Worcpster, Mass., to Rochester,
N. H., 94.48 miles ; 2d track, 18.13 miles ; sidings, 20.10 miles. Gauge, 4 ft. F$ in. Rail (steel, 79.23 m.\ 56 to 60
Ibs. Consolidation, December 1, 1883, of the Worcester and Nastnia and the Nashua and Rochester RR. Cos.
(See MANUAL for 1885). Leased to the Boston and Maine RR. Co., October 30, 1885, for 50 years from January 1,
1886, at an annual rental of $250,000 payable January and July. Subsequently a now issue of 4} per cent. 20-year
bonds was- provided for to meet the prior lien bonds on maturity. The $37,000 demand bonds were retired
during the past year. A stock dividend of 17 per cent, was made to stockholders of record, November 13, .1885,
from the company's stock held in the treasury.
Operations for 3 months ending January 1. 1?86.— Train mileage— passenger, 62.339; freight, 65,762 ; other,
39,232— total, 167,333 miles. Passengers carried, 108.853; carried one mile, 1,778,701: average mile rate, 2.68
cents. Tons freight moved, 124,141 ; moved one mile, 4,251,571; average ton-mile rate, 2.71 cente.. Earnings^-
20 POOR'S MANUAL OF RAILROADS.
DMM
v l t's **'
Add': Rental, tt months, 8187,50
Payments: Interest on bonds, $79,666.66; interest on debt, $3,324.38 ; dividends, £91, 869— total, $174,860.04.
Balance, surplus, $1-9,653.73 ; surplus from last year, 890.W6.21— total surplus, $179,889.94.
Fina><r'«tl xi ittment, January 1, 1886.— Capital stock, $3,099,800; funded debt, $1,662,000; bills payable,
$32,1:00 ; unpaid coupons ; $3,547.50— total, $4,797,347.50. Contra: Cost of road, $4,138,584.99 ; equipment, $415,-
336.03 ; stocks owned, $35,300 ; current accounts, $64,149.11 ; cash on hand, $16,425.47 ; profit and loss, $127,-
061.90— total, 84,7517,347.50.
The funded debt consisted, September 30, 1886, of :
5 per cent, bonds, dated December 31, 1870, past due $12.000
5 per cent. 15-year bonds, due May 1, 1887, interest May and November 275,000
5 percent. 20-year bonds, due April 1, 1893, interest April and October 250,000
5 per cent. 20 year bonds (N. & R.), due February 1, 1895, interest February and August 400,000
5 per cent. 20- year bonds (N. & R.), due April 1, 1894, interest April and October 575,000
4 per cent. 20-year bonds, due January 1, 1906, interest January and July 150,000
Interest on the overdue bonds of 1870, and on $150,000 of the bonds due in 1887, is payable at the office of the
company in Worcester ; on all other issues at the Globe Bank, Boston, Mass. Annual meeting in January— day
fixed by directors. Books close about 10 days prior to payment of dividends. Whole number of dividends paid to
date, 62. Dividends payable January and July to stockholders of record, at a time abont 7 days prior to date of
payment Securities not listed on any exchange. Trustees of bonds : Stephen Salisbury, J. Edwin Smith,
Edward L. Davis, Worcester, Mass.; Charles Holman, Nashua, N. H. The treasurer of the company is also reg-
istrar of stock and transfer agent.
Directors (elected December 15, 1886).— Charles A. Sinclair, Frank Jones, Portsmouth, N. H.; George C.
Lord, Newton, Mass.; James P. Cook, Salem, Mass.; George W. Armstrong, Brookline, Mass.; Elijah B. Stod-
dard, Worcester, MHSS.; Frank A. McKean, John A. Spaulding, Charles Holman, Nashua. N. H.
Officers: Charles A. Sinclair, President; Boston, Mass.; T. W. Hammond, Secretary and Treasurer, Wor-
cester, Mass.
Prindpal Office at Worcester.
Board of Directors Boston and Maine RR, elected December 8, 1886.
George C. Lord Newton, Mass.
Amos Paul. . .So. Newmarket, N. H.
Nathaniel J. Bradlee.. Boston, Mass.
William S. Stevens Dover, N. H. Richard Olney Boston, Mass.
James R. Nichols. . .Haverhill, Mass. Frank Jones Portsmouth, N. H.
Samuel C. Lawrence.Medford, Mass. | Joseph 8. Ricker Deering, Me.
GEORGE C. LOUD, President Boston, Mass.
General Manage* — James T. Farber Boston.
Auditor— William J . Hobbs Boston.
Treasurer — Amos Blanchard . . Boston.
Cleik— Chauncey P. Judd Boston.
PKINCIPAL OFFICE AND ADDRESS Haymarket Square, Boston, Mass.
BOSTON AND PROVIDENCE RAILROAD CORPORATION.
Main Line of Road. — Boston, Mass., to Providence, R. 1 44.00 miles.
West Boxbury, 5.37 ; Dedham, 2.22 7.59
Stoogltton, 4.11 ; India Point, 8.05 12.16—19.75 miles.
Leased : Attleborough Branch RR.: Attleborough to North Attleborough 4.00 miles.
Total length of line operated 67.75 miles.
2d track. 44 ; 3d track, 10 ; sidings, 52 in. Gauge, 4 feet 8| inches. Rail (steel, 107.75 m),
64 to 70 Ibs.
History.— Chartered July 22, 1831 ; opened in August, 1835. The West Roxbury and
the Dedham branches were built a year later. The Stoughton Branch, built under a sepa-
rate charter in 1845, was acquired by this company in 1872, in which year the company also
purchased a controlling interest in the Providence, Warren and Bristol RR. The terminus
in Providence was at India Point, until the present station was constructed, jointly with the
Providence and Worcester RR. Co.
Rolling Stock, September SO, 1886.— Locomotive engines, 58. Cars -passenger, 158;
baggage, mail and express, 25, freight (box, 370 ; platform, 150 ; coal, 417 ; caboose, 6), 943
—total cars, 1,126. Also one-eighth interest in 24 line parlor or sleeping cars.
Operations for year ending September 30, 1886. See tabular statement next page.
Earnings-Passenger $1,084,01353 Expenses-Transportation . . . . $611,18878
Freight ........................ 622,375 20
Mail ........................... i4il53 73
Express ........................ 40,661 35
Total (825,995.63 per mile) ............. $1,761,203 81
Motive Power and Cars . . 176.210 74
Maintenance Way and Buildings 417,870 02
General 167,989 32
Total ($20,268.62 per mile) $1,373,198
Net earnings (22.03 per cent.), $388,00497; rents, $23,601.38; net income, $411,606.35.
Payments : Rent of Attleborough Branch, $11,727.01 ; balance of interest, $21,715.01 ; divi-
dends (paid May 1, 4 per cent., and Kovember 1, 4\ per cent.), $340,000— total' $373 442.62.
Surplus, $38,168. 73; eurplus from last year, $452,174.12; total as per balance sheet,
837.85.
POOB'S MANUAL — BOSTON AND PROVIDENCE BE. CO.
21
General Balance Sheet, September 30, 1886.
Construction, etc $4,896,174 38
P. W. and B. RR. Stock $158,340 00
Union Freight RR. Stock 79,014 42—237,354 42
Materials and Supplies 92,065 31
Current Accounts 199,80305
Notes Receivable 96,500 00
Cash... 26,24882
Capitnl Stock $4,000,000 00
Funded Debt 500,000 00
NotesPayable 260,00000
Unpaid Dividends. 1,796 00
Dividend No. 100, due Nov. 1, 1886 180,000 00
Balances due other roads, etc 1 16,012 13
Profit and Loss... 490,337 85
Total Assets $5,548,145 98 Total Liabilities . . .
Statement of operations, capital account, etc., for eight years :
.$5,548,145 98
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned. . .
Miles Operated
63.75
67.75
150.27
89.00
46
97
17
692
542,617
221,442
3,206,488
37,959,303
593,346
18,705,787
8
695,170
424,179
89,294
63.75
67.75
150.27
93.00
48
100
18
733
590,348
224,572
3,574,104
42,990,453
609,468
19,963,942
$
776,363
486,725
41,443
63.75
67.75
150.27
96.25
49
104
18
758
591.963
225,836
3,802,405
42, W, 736
660,290
19,293,362
$
822,752
533.956
43,437
63.75
67.75
150.91
100.75
51
111
18
802
598,841
241,773
4,128,209
46,344,791
718.500
21,398,223
$
910,763
605,222
48,&25
63.75
67.75
154.00
103.00
53
132
20
824
653,091
243,108
4,923,426
51,399,499
735,650
22,122,329
$
9^8,847
626,636
51,479
63.75
67.75
155.75
106.00
57
150
25
874
727,348
246,298
5,482,707
55,200,708
732,768
21,814,483
$
1,036,546
614,500
53.2C4
63.75
67.75
156.75
107.75
57
150
25
895
722,455
242,047
5,612,410
54,947,134
709.853
20,963,541
S
1,009,275
593,217
52,720
63.75
67.75
159.75
107.75
58
158
25
937
745,626
253.652
6,119,906
57,990,099
750,220
21,927,491
$
1,084,014
622,375
54,815
Miles of Track Owned
Miles of Steel Rail
Locomotive Engines
Baggage, Mail & Exp. Cars.
Freight and Other Cars
Passenger Train Miles,. ....
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous
Gross Earnings.
1,158,643
782,696
1,304,531
890,186
1,400,145
1,012,304
I,5fi4,310
1,220,874
1,646,962
1,311,822
1,704.310
1,363,119
1,655,212
1,284,117
1,761,204
1,373,199
Gross Expenses and Taxes..
Net Earnings
375,947
19.595
395,542
10,917
53.249
(6J)260;000
71,376
17.241 74
11,397 83
5,843 91
67. 36 p. c.
1.83c.
2.27 c.
$
4,000,000
500,000
420,000
62,272
144,982
484,504
414,345
19,3'.»5
433.740
11,561
47,027
(8) 320,000
55,152
19,255 07
13,109 75
6,145 16
68. 24 p. c.
1.81 c.
2.40 c.
4,000,000
500,000
380,000
62,040
165,226
391,311
387,841
19,168
407,009
11,606
2S,712
(8) 320,000
46,691
20,666 35
14,941 76
5,724 59
72.30 p. c.
1.95C.
2.77 c.
$
4,000,000
500,000
360,000
71,848
164,484
430,552
343,436
20.530
363,966
11,635
22,816
(8) 320,000
9,515
23,089 44
18,020 27
5,069 17
78.06 p. c.
1.96 C.
2.83 c.
$
4,000,000
500,000
360,000
80,9*1
163,107
440,066
&35,140
22,172
357,312
11,732
15,689
(8) 320 000
9,891
24.309 40
19,362 69
4,!I46 71
79. 65 p. c.
1.89 c.
2.83 c.
*
4,000,000
500,000
860,000
54.946
163,084
412,457
341,192
22,837
364,029
11,874
26,14)
(8) 320,000
6,014
25,155 88
20,119 84
5,C36 04
79.98 p. c.
188c.
2.82 c.
$
4,000,000
500,000
360,000
63,588
16->,224
418,471
371,095
21,854
392,949
11,623
27,624
(8) 320,000
33,702
24,431 17
18,953 75
5.477 42
77.58 p. c.
1.84c.
2.83 c.
$
4,000,000
500,000
310,000
63,469
161,500
452,174
388,005
23,601
411,606
11,727
21,715
(8i)340,0>)0
38,164
25,995 63
20,268 62
5,7-,7 01
77.97 p. c.
1.87c.
2.84 c.
$
4,000,000
500,000
260,000
116,012
181,796
490,338
Other Receipts (Rents)
Available Revenue
Attleborough Branch Rent..
Interest Account
Dividends, May and Nov
Balance, Surplus
Gross Earnings per Mile,...
Gross Expenses per Mile. . .
Net Income per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile..
Capital Slock
Funded Debt
NotesPayable
Sundry Dues
Unpaid Dividends and Int..
Profit and Loss
Total Liabilities
5,561,758
4,405,373
207,400
85,400
551,816
97,590
53,630
160,548
5.498.577
4^405,374
207,400
85,400
429,530
150,113
82,264
138,496
5,526,884
4,405,374
207,400
85,400
429,269
144,842
97,311
157,287
5,544,154
*4.603.374
207,400
85,400
*231,269
129,543
119,585
167,583
5,490,487
t4,688,774
207,400
5,504,283
t4,e88,774
207,400
5,487,143
t4,688,774
207,400
5,548,1^!6
14,688.774
207,400
Construction
Equipment
Stoughton Branch
Other Investments
231,384
136,765
167,175
58,989
234.104
168,850
167,413
37,742
234,104
108,381
174,440
74,044
237,355
92,065
199,803
122,749
Materials and Supplies
Due from Other Roads
Cash and Cash Funds
Total Assets
5,561,758
5,498,577
5,526,884
5,544,154
5,490,487
5,504,283
5,487,143
5,548,146
Dividends. — This company has paid dividends at an annual average rate of $7.41 per
share for 50 years past ; and during the past 10 years at an average of $7.45 per share.
The funded debt consists of $500,000 7 per cent. 20-year bonds, due July 1, 1893, inter-
est payable in Treasurer's Office, Boston January and July. The notes payable mature as
follows: $50,000, bearing 4 per cent., July 1, 1886; $100,000, 4 per cent., July 1, 1888
$100,000, 4 per cent., July 1, 1889; $60,000, 4 per cent., July 1, 1891.
* Real Estate previous to 1882 included in " Other Investments," has since been included in " Construction."
t Including cost of Stoughton Branch.
22 PLOB'S MANUAL OF RAILROADS.
£>'•*•» »>KI.4O. v/UeH, \Jl IUUU, ^MO1^**IU.**O « \J • *->• T f-i v/^«*i>. wuuv. ^p i ,vv/\» . x-** ujv,, ^i-io.iJO. .utru^c
rental, year ending September 30, 1886, $9,219 ; interest on U. 8. bonds, $40— total receipts. $9.259. Dividends
January and July, each 3J per cent., $9,219. Dividends paid at Attleborotigh, Mass. H. F. BAIIUOW, President,
North Attlfboroiigh. Mass.; H. N. Daggett, Treasurer, Attleborough Falls, Mass.: John R. Broncon, Secretary,
Attk-boniiiL'li, Maes.
Board of Directors B. & P. RR. Co., elected November 17, J886.
Henry A. Whitney Boston, Mass. Robert II. Stevenson. .Boston, Mass. I Joseph W. Balch Boston, Mass.
Thob. P. I. Goddard.Providenpe, R.I. Wm. R. Robeson Boston, Mass. , Royal C. Taft Providence, R. I.
RogerWolcott Boston, Mass.
HENKY A. WHITNEY, President Boston, Mass.
Treasurer— Benjamin B. Torrey Boston. I Clerk— Winslow Warren Boston.
General Superintendent— A.. A. Folsom Boston.
PRINCIPAL OFFICE Park Square and Columbus Avenue, Boston, Mass.
BOSTON, REVERE BEACH AND LYNN RAILROAD COMPANY.
Line of Road. — East Boston, Mass., to Lynn, Mass 8.80 miles.
2d track, 8.8 ; sidings, 2. 5 miles. Gauge, 8 ft. Rail (steel, 17.1 miles), 50 Ibs.
History. — Chartered May 23, 1874 ; road opened July 29, 1875. Connection is made with
Boston by ferry-boats, of which the company owns two.
Rolling1 Stock. — Locomotive engines, 7. Cars (passenger, 33 ; freight, 4), 31. AJso, 24
service cars and 1 ferry-boats.
Operations for year ending September 30, 1886. — Train mileage — passenger, 168,212 ;
other, 8,386 — total, 176,598 miles. Passengers carried, 2,020,640 ; carried one mile, 10,-
653,814. Earnings (passenger), $208,874.30. Operating expenses, taxes, etc., $137,905.05.
Net earnings,$70,969.25. Income from rents, $13,970.85 ; available revenue, $84,940.10.
Payments: Interest on bonds, $21,000; other interest, $1,480.12 ; dividends (Nos. 19 and 20
paid January and July, each 3 per cent.), $36,000— total, $58,480.12. Surplus, $26,459.98.
Financial Statement, September 30, 1886.— Capital stock, $600,000 ; funded debt, 6 per
cent. 20-year mortgage $1,COO coupon bonds, due July 15, 1897, interest January 15 and July
15, $350,000; notes payable, $40,00o ; bills payable, $17,232.11; unpaid dividends and in-
terest, $948 ; profit and loss, $68,562.78— total, $1,076,742.89. Contra: Construction, $662,-
577.84; equipment, $178,535.22; real estate, $71,260.42; materials and fuel, $14,307.99;
ferry property, $141,868.70; cash and other assets, $8,192.72.
Annual meeting, third Thursday in November. Books close for dividends ten days prior
to payment of same. Stock and bonds listed on Boston Stock Exchange. Interest and divi-
dends paid at office of Treasurer. Trustees of bonds : David L. Webt-ter, Edward Turner,
Jolfn B. Alley.
DiviD' NDP. — In 1876 this company paid four quarterly dividends of two per cent, each,
and from 1879 to 1886, inclusive, regular semi-annual dividends of three per cent. each.
Total number of dividends to date, 20 ; aggregating 55 per cent.
Directors (elected November 18, 1886).— Edwin Walden, Amos F. Breed. D. H. Sweetzer,
Ljnn, Mass.; Edwd. Tyler, Matthew Bolles, I. P. T. Edmands, Jesse Tirrell, Boston, Mass.;
L. 8. Judd, Fairhaven, Mass.; Jcs. W. Smith, Andover, Mass.
EDWIN WALDEN, President Boston, Mass.
Secretary and Treanrer-Jno. A. Fenno. Boston, Mass. | Superintendent— C. A. Hammond Boston, Mass.
PRINCIPAL OFFICE AND ADDUESS 850 Atlantic Avenue, Boston, Mas?.
BOSTON, WINTHROP AND SHORE RAILROAD COMPANY.
Main Line of Road.— Point Shirley, Mass., to Point of Pines. . . . .6.41 miles.
Jfatrou <i,ni{l,' Branch : Oc^an Spray to Winthrop Junciion 1.78 miles.
Standard Gauge Branch: Crescent Beach to Kevere Junctiou. . . .0.46 miles.
Total length of lines g . 65 miles.
Sidings, etc., 0.81 miles. Gauges, 4 ft. 8$ in. and 3 ft. Rail, 40, and 50 Ibs.
POOR'S MANUAL OF RAILROADS. 23
History. — Consolidation, Dec. 11, 1883, of the Eastern Junction, Broad Sound Pier and
Point Shirley RR. Co., the Boston, Winthrop and Point Shirley RR. Co., and the Boston arid
Winthrop RR. Co. See MANUAL for 1886.
Rolling Stock, September 30, 1886. — Locomotive engine, 1. Cars — passenger, 3.
Operations for year ending September 30, 1886. — Passenger train mileage, 15,947 miles.
Passengers carried, 233,023 ; carried one mile, 532,645. Earnings — passenger, $17,236.57.
Operating expenses, $11,935.35. Net earnings, $5,301.22. Add other receipts, $303.50 —
total available revenue, $5,604.72. Paid taxes, $207.86. Balance, surplus, $5,396.85. De-
ficit from last year^ $4,524.75. Balance, surplus as per balance sheet, $775.10.
Financial Statement, September 30, 1886. — Capital stock (authorized, $275,000), issued,
$274,600; subscription to new stock, $3,000 ; funded debt, $200,000; bills payable and cur-
rent accounts, $6,819; profit and loss, $772.10— total, $485,191.10. Contra: Cost of road,
$342,918.37 ; rolling stock, $6,500; real estate, $116,100; bills receivable, $15,063.75; cur-
rent accounts, $4,269.81 ; cash, $339.17.
Funded Debt : 1st mortgage 5 per cent. 20-year bonds, due September 1, 1906, interest
March and September, $200,000 Trustee of bonds, International Trust. Co., Boston. Inter-
est payable, 350 Atlantic Avenue, Boston, Mass. Registrar of stock, John A. Fenno, Boston,
Mass.
Annual meeting, third Thursday in November.
Directors (elected November 18, 1886). — Edwin Walden, Amos F. Breed, D. H. Sweetser,
Lynn, Mass.; L. S. Judd, Fairhaven, Mass.; Joseph W. Smith, Andover, Mass.; Matthew
Bolles, I. P. T. Edmands, Edw. Tyl.r, Jesse Tirrell, A. D. McClellan, Boston, Mass.
EDWIN WALDEN, President Boston, Mass.
Sec. and Treasurer— John A. Fenno Boston, Mass. | Superintendent — C. A. Hammond Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS 350 Atlantic Avenue, Boston, Mass.
BRATTLEBORO' AND WHITEHALL RAILROAD COMPANY.
Line of Road. — Brattleboro', Vt., to South Londonderry, Vt 35.7 miles.
Sidings, etc., 2 miles. Gauge, 3 ft. Rail, 35 Ibs.
History. — Chartered in 1867 as the Webt River RR. Co.; under present title in 1876.
Road was partly completed when, in February, 1880, it was leased for 99 years to -the New
London Northern RR. Co., which was to receive all the assets and complete it by November,
1880. Road opened November 3, 1880. Operated by Central Vermont RR Co, in connection
with its own road, but all accounts kept separately.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 6 ; freight, 50.
Operations. — Not furnished. The net earnings have been applied to the improvement
of the roadway and equipment.
Financial Statement. — Capital stock, $205,000 ; funded debt, 1st mortgage bonds, $150,-
000— total, $355,000. Cost of road and equipment, $350,000. The stock of this company is
largely owned by the towns on its line of road.
C. F. THOMPSON, President Brattleboro', Vt.
J. A. Butler, Treasurer Jamaica, Vt.
Lessee's General Offic s St. Albans, Vt.
BRIDGTON AND SACO RIVER RAILROAD COMPANY.
Line of Road. — Bridgton Junction, Me., to Bridgton, Me 16 miles.
Sidings, etc., 1 mile. Gauge, 2 ft. Rail (steel), 30 Ibs. per yard.
History. — Organized under general railroad law July 19, 1881 ; road opened Jan. 29, 1883.
24 POOR'S MANUAL OF RAILROADS.
Boiling Stock (September 30, 1886).— Locomotive engines, 2. Cars— passenger, 2 ; Lag-
gage, etc., 1 ; freight (box, 5; platform, 10), 15 ; caboose, 1 — total, 19.
Operations for year ending September 30, 1886. — Train mileage (mixed), 26,060 miles.
Engine service, 28,060 miles. Passengers carried, 12,597 ; carried one mile, 184,988. Tons
freight moved, 10,073 : moved one mile, 141,864. Earnings— passenger, $9,129.10 ; freight,
$11,016.06 ; mail aud express, $1,395.35— total, $21,537.60. Expenses, $13,918.99. Net
earnings, $7,618.61. Payments: Interest on 1st mortgage bonds, $4,800; other interest,
$223.39— total, $5,023.39. Surplus, $2,595.22. Deficit from last year, $1,113.39. Balance,
eurphis, $1,421.83.
Financial Statement, September 30, 1886.— Capital stock (par, $50), $89,304 ; funded
debt, 1st mortgage 6 per cent, coupon bonds, September 1, 1882-1902, interest March and
September, $80,000 ; 2d mortgage 6 per cent, coupon bonds, September 1, 1883-1903, interest,
March, and September (authorized, $30,000), $21,800 ; bills payable, $5,584.86; current ac-
counts, $4,772.24; profit and lof-s, $1,421.83— total, $252,882.93. Contra: Cost of road.
$168,669.93; equipment, etc., $26,473.62; materials, fuel, etc., $284.19 ; current accounts,
$2,493.71 ; cash, $4,997.48— total, $202,882.93.
Interest payable in Portland, Me. Voting power attaches to stock after one day owner-
ship. Annual meeting, third Wednesday in November. Trustees of bonds, H. M. Payson,
Byron D. Verrill, aud J. M. Kimball, Portland, Me.
Directors (elected November 17, 1886). — Win. F. Perry, W. A. Stevens, A. H. Burnham,
John W. Fowler, Samuel S. Fuller, Bridgton, Me.; Darwin Ingalls, South Bridgton, Me.;
Almon Young, Hiram, Me.; Isaiah S. Webb, North Bridgton, Me.; W. H. Milliken, Portland,
Me.
WILLIAM F. PEBBY, President Bridgton, Me.
Treasurer— P. P. Bnrnham Bridgton, Me. | Sec., Supt., Tkt. & Ft. Agt.—3. A. Bennett. Bridgton, Me.
PBINCIPAL OFFICE AND ADDKESS Bridgton, Me.
BURLINGTON AND LAMOILLE RAILROAD COMPANY.
Line of Road. — Burlington, Vt., to Cambridge Junction, Vt 34 miles.
Sidings, etc., 2 miles. Gauge, 4 ft. 8| in. Bail (23 miles steel), 56 Ibs.
History.— Organized under general railroad law February 24, 1875 ; road opened July 2,
1877.
Rolling Stock.— Locomotive engines, 3. Cars — passenger, 4; baggage, mail, etc., 2 ;
box freight, 35— total cars, 41.
Operations for year ending June 30, 1886.— Traffic operations not reported. Earnings —
passenger, $17,096.33 ; freight, $22,319.98; mail and express, $3,089.38; other, $1,580.84—
total. $44,086.53. Expenses— maintenance of way, $10,161.01 ; transportation. $20,302.81 ;
miscellaneous and taxes, $10,105.55— total, $40,569.37. Net earnings, $3,517.16. Payments
not reported.
Financial Statement, December 31, 1880 (latest furnished).— Capital stock, $540,700 ;
funded debt, $200,000 1st mortgnge, due 1883, and $650,000 2d mortgage 7 per cent. 20-year
bonds, due November 1, 1898— total, $1,390,700, representing cost of road, etc.
Directors.— D. C. Linsley, New York, N. Y.; M. Noyes, G. L. Linsley, C. M. Spaulding,
F. M. Van Sicklen, Burlington, Vt.; Josiah Tuttle, Essex Centre, Vt.; L. F. Terrill, Under-
hill, Vt.; Geo. Waldo Hendee, Morrisville, Vt.;, W. Brigham, Hyde Park, Vt. ; H. Smilie,
Cambridge, Vt. ; L. B. Howe, Jericho, Vt.
D. C. LINSLEY, President Burlington, Vt.
Tlce-Pretident-C. M. Spaiilding Burlington, Vt. | Treasurer and Clerk-E. W. Peck Burlington, Vt.
(reneral Manager— G. L. Linsley Burlington, Vt.
PBINCIPAL OFFICE AND ADDBESS Burlington, Vt.
BOOB'S MANUAL OF RAILBOAES. 25
CENTRAL VERMONT RAILROAD COMPANY.
(Lessee of Consolidated Railroads of Vermont.)
Main Line of Road.— Windsor, Vt., to Burlington, Vt. 120.CO miles.
f Addison RR. : Leicester June, to Ticonderoga 15.60
Monipelier and White River RR. : Moutpelier to Barre 6.00
Montreal and Vermont Junction RR. : In Canada 26 . 0')
•a I Rutland RR.: Bellows Fulls to Burlington 120.00
| •{ Stanstead. Sheffard and Chamb'y RR. : In Canada 43.00
» Vermont and Canada RR. : Essex J. to Route's Point 65.00
* Vermont and Mass. RR. : Brattleboro' to Miller's Falls 21 .00
New Lon. North. RR. : New London to Miller's Falls 100.00
{Brattleboro' & Whitehall RR. : Brattleboro' to So. Londonderry. . ... 86.00—432 60 miles.
Total length of lines owned and leased 552.60 miles.
Sidings, 65 miles. Gauge, 4 ft. 8£ in. Rail (steel, 278 miles), 60 Ibs.
History. — The Vermont Central RR. Co. was chartered in October, 1843, and its line
opened for traffic from Windsor to Burlington, Vt., in December, 1849. On the 31st of Octo-
ber, 1845, the Vermont and Canada RR. Co. was chartered to build from Essex Junction, Vt.,
to the Canada line — practically an extension of the Vermont Central RR. The construction of
this line progressed slowly. On August 24, 1849, the road was leased to the Vermont Central
RR. Co. for twenty yeais (subsequently, on January 11, 1850, extended to fifty year.-), at an
annual rental equal to 8 per cent, on its cost, the Vermont Central RR. Co. creating a mort-
gage on its own property as security therefor. In 1851 the road was completed, its cost hav-
ing been $1,348,500, on which the rental would be $107,880. In 1851 the Vermont Central Co.
made an issue of $2,000,000 first mortgage bonds, and in 1852, $1,500,000 second mortgage
bonds. Shortly after the latter issue, the company becoming embarrassed, its roads and prop-
erty were placed in the hands of the trustees of its first mortgage bonds.
In 1854, the Vermont Central Company having defaulted in the payment of the rental to
the Vermont and Canada Company, the latter company made application to the Court of Chan-
cery for the appointment of a receiver of both the Vermont Central and the Vermont and
Canada roads. Receivers were duly appointed, temporary in their tenure and restricted in
their powers ; a protracted litigation ensued, principally between the holders of the first mort-
gage bonds of the Vermont Central and the Vermont and Canada Company, involving the
validity of the Vermont and Canada lease, the priority of rights of the respective interests,
and a great variety of other issues. The litigation continued with much ill-feeling on both
sides until 1861, when a compromise was effected, by the terms of which the branch into Bur-
lington, and the extension of the road from Swanton to Province Line, and the over-due rents
of the Vermont and Canada were capitalized, and the capital stock of that company increased
from $1,348,500 to $3,000,000 bearing 8 per cent, interest payable semi-annually. The over-
due coupons of the 1st mortgage bonds were also capitalized, and the principal of the mort-
gage increased from $2,000,000 to $3,000,000 bearing 7 per cent, interest, payable ?emi-annu-
ally. The 2d mortgage bonds, amounting to $1,500,000, had matured, with all their unpaid
coupons. By the compromise these coupons were to be cancelled and surrendered ; the prin-
cipal of the mortgage was extended for 20 years, and new coupons substituted and attached
to the bonds payable at 7 per cent., when the earnings of the road, after payment of pre-
vious encumbrances, would justify.
On the basis of this compromise, the fixed charges upon the income were as follows :
Rents due Vermont and Canada RR. Co.— 8 per cent, upon $3,000,000 $240,000 00
Coupons, 1st mortgage bonds— 7 per cent, upon $3,000,000 210,000 00
$450,000 00
Coupons, 2d mortgage, when earned— 7 per cent, upon $1,500,000 1C5.000 00
$555,000 00
The compromise thus agreed upon was at a later date embodied in a decree of the Court
of Chancery, and the receivership was ir.ade permanent, with enlarged powers.
26 POOR'S MANUAL— CENTRAL VERMONT RR. CO.
The result of the compromise was to impart new life to the road ; its traffic began to in-
crease largely, and an enlargement of its facilities became necessary. To meet these de-
mands a large sum of money was required, the increased fixed charges absorbing the entire
net earnings, and no power existing on the part of the receivers to en'arge the capital. Un-
der these circumstances the receivers made application to the Court of Chancery for instruc-
tions, nnd were directed to issue their obligations from time to time to an amount necessary
for the. needs of th« road as they might arise. During the succeeding years, and up to 1872,
$4,000,000 of such securities were issued and the proceeds applied to the necessary improve-
ment of the property.
Meantime, with the assent and approval of all parties, and under the sanction of the
court, leases of the Ogdensburg and Lake Champlain, Rutland, and New London Northern
roads had been taken, and large obligations of the receivers had been issued for the purchase
of stores and materials belonging to the roads leased. Some of these leases, under the
changed conditions of railroad traffic, proved too burdensome, and the financial disturbances
which occurred in 1872 obliged the receivers to suspend payment on their obligations in
September of that year.
In 1872, a new charter was obtained under the nnme of the Central Vermont Railroad
Company, which contained among other things authority to the Court of Chancery to appoint
that company receiver, to run and operate the Vermont Central and Vermont and Canada
roads and the Vermont Central's leased lines. In 1873 the Central Vermont was duly organized
with a paid-up capital of $1,000,000, and in July of that year the oourt appointed the Cen-
tral Vermont receiver of the trust roads. The default of the old receivers in meeting the
obligations revived the litigation, and suits of various characters were instituted, both in
the State and Federal Courts, and continued until 1883, when a compromise was agreed upon,
and the litigation terminated.
Under the provisions of this compromise, the 1st mortgage was foreclosed and a corpo-
ration organized with the name " Consolidated Railroad of Vermont," and under its auspices
a general plan for consolidation of all classes of securities was offered to the various holders
substantially as follows : A mortgage to be made upon the consolidated Vermont Central and
Vermont and Canada roads to secure the bonds of the company for $7,000,000, having 30
years to run and bearing 5 per cent, interest, payable semi-anuually.
Preferred stock to the amount of $750,000, bearing 6 per cent, interest, payable when
earned, but not cumulative.
The bonds secured by mortgage to be used to retire :
1st. The entire amount of receivers' certificates outstanding at par, without interest.
2d. The entire capital stock of the Vermont and Canada RR., at 33J per cent, of its par value.
8d. The floating debt of the trust.
4th. The claim of the Central Vermont stockholders for advances made.
The preferred stock was to be used to retire :
1st. The 1st mortgage bonds of the Vermont Central, at 20 per cent, of their par value.
2d. The 2d mortgage bonds of the Vermont Central, at 10 per cent, of their par value.
Thin plan having been accepted by almost the entire amount of the various classes of
securities, and confirmed by the court, the receivership was terminated and the Consoli-
dated Railroad of Vermont entered into possession of all the roads, and immediately there-
nft.T leased the same to the Central Vermont Railroad Company for the period of 99 years,
the Central Vermont covenanting to assume and pay all the obligations of the Consolidated
Company.
Under the present organization, the capital and bonded debt of the road will stand as
follows :
Preferred stock of the Consolidated Railroad of Vermont $750,000 00
Common stock of the Consolidated Railroad of Vermont 300,000 00
Bonded d->bt, 1st mortgage bonds, of the Consolidated Vermont Central and
Vermont and Canada Railroads, 5 per cent, hit > est 7,000,000 00
Capital stock of the Central Vermont Railroad full; paid up 1,000,000 00
POORS MANUAL OP RAILROADS.
27
Rolling Stock. — Locomotive engines, 122. Cars — passenger, 82; baggage, mail, etc.,
30 ; freight (box, 1,484 ; stock, 86 : platform, 683), 2,253— total, 2,365. Also, 46 caboose and
16 other cars.
Operations for year ending June 30, 1886 (452.6 miles). — See tabular statement below.
Ear ningrs.— Passenger $"68,563 44
Freight l,t>t>3.3SO 2-i
Mail 63,717 99
Express 38,275 00
Expeuses.— • Maintenance of Way §19,941 54
Motive Power and Cars 301 ,588 fiB
Transportation 1,404,766 80
Miscellaneous 112,19? 35
Total ($5,598.63 per mile) $2,533,933 71 Total ($3,841.13 per mile) $1,738,404 35
Net earnings (31.39 per cent.), $795,444.36. Payments : Rent leased lines, $357,750 ;
balance unaccounted for, $437,694.36.
Earnings for the 6 months ending December 31, 188f>, $1,517,255.44; expense :,
351.78; net earnings, $328,933.66. Rentals, $178,250. Net income, $350,683.66.
Statement of operations for eight years :
1879
1880
1881
1882
1883
1884
*1885
*1886
Miles Railroad Operated
434.41
806,336
1,525.475
648.184
17.314,875
1,204,637
148,070,474
$
677,189
1,599,364
90,372
97,339
427.29
841.691
1,714.502
811,237
23,148.729
1,811,23.-)
176,207,910
$
754,545
1.993.378
91,53(5
108,103
416.60
771,408
1,578,235
618,907
21,934,142
1.465,712
170,905,016
741,433
1,752,740
86.917
82,438
416.60
819.766
1,660.333
452.60
95^.656
1,801,308
899,289
i,6i2,35-i
452.60
899.246
1.283,424
762,663
i,544,87i
452.60
869,94(1
l,375,6i>3
705,988
i, 600,266
452.60
918,091
1.379.432
875,330
1, '802,966
Passenger Trains, Miles
Freight Trains, Miles
Passengers Carried
Passengers Carried 1 Mile
Freight Moved. Tons ..
"i.eeY.ssi
176,521,921
$
824.361
1,806,826
87,956
41,6M
Freight Moved 1 Mile, Tons..
Passenger Earnings
$
819,124
1,885,526
92,576
$
821.858
1,664,753
92,134
$
779,185
1,6)3.503
92,631
$
768,565
1,663.380
101,993
Freight Earnings
Mail and Express Earnings. . .
Miscellaneous Earnings.
Total Traffic Earnings. . . .
Operating Expenses
2,464,204
1,708,757
2,947,562
2.151,536
2,602,518
2,016,830
2,760,83 1
2,219,398
2,797.2-76
2,033,067
2,578,745
1,766,167
2.515,319
1,732,515
2,533,938
1,738,494
Net Earnings...
755.507
796.026
645.688
541.436
763,259
812.578
7U2.804
795.444
* Years ending June 30 ; all others calendar years.
RAILROADS OWNED OR LEASED BY THE CENTRAL VERMONT RAILROAD.
ADDISON RAILROAD.— Leicester Junction, Vt., to Ticonderoga. N. Y., 15.60 miles ; sidings, 1 mile.
Chartered in 1870 ; road opened Derember 1, 1871. Leased to Rutland RR. Co. from completion, for 7 per cent.
on actual cost, and transferred to the Central Vermont RR. Co. when the latter leased the Rutland RR. In the
contract with the Rutland RR. Co. it was agreed the capital stock should not exceed $500,000. Rental, 1883,
$15,000. Dividends paid (April 1 and October 1, each 1J per cenO, $15,000. Capital stock, $500,000, representing
cost of road and equipment. Dividends payable at Rutland, Vt. P. W. CLEMENT, President ; John A. Mead, Sec-
retary and Treasurer, Rutland, Vt.
MONTPELIER AND WHITE RIVER RAILROAD.— In operation : Montpelier to Barre, Vt.,
6 miles ; projected from Montpelier to White River, 55 miles. Opened in 187(i ; operated by the Central Vermont
RR. Co.; terms not stated. Officers not reported.
RUTLAND RAILROAD.— Bellows Falls, Vt, to Burlington, Vt, 120 miles. Sidings and other tracks,
26 miles. Gauge, 4 ft. f^ in. Rail, 56 Ibs. Chartered as the Champlain and Connecticut RR. Co., November 1.
1843. Charter modified November 1, 1847, and name changed to Rutland and Burlington RR. Co. Line opened
in 1849. In November, 1853, property passed into hands of mortgage trustees. Reorganized in July, 1867, under
existing title. In December, 1870, road leased to trustees of Vermont Central RR. for 20 years, at a rental of
$376,000, and in addition $94.500 for 1S74 ; $108,000 for 1875 ; $143,500 for 1876 ; §162.000 for 1877 and 1878 ; and
$175.000 for 1879 and for each succeeding year. In 1876 (February 25), lease was modified, and gross earnings of
the Central Vermont, the Rutland, and the Addison RRs. pooled, and 3(:£ per cent, of the total made over to the
two last-named roads, with an allowance of 75 per cent, therefrom for operating expenses to the Central Vermont
RR. Co. From February 1, 1875, a minimum rental of $250,000 has been paid, with £8.000 for organization ex-
penses. The Addison RR. had been leased by this company and was transferred to Central Vermont RR. Co. by
the lease of its own road. Income account for year ending June 30, 1886.— Receipts : Cash on hand July 1, 1885,
£46,886.61 : rent of roads, $240.000 ; rent of real estate, $2,167.95 : cash borrowed temporarily, $64,000 ; Addison
RR. dividends, $9,984; sundries, $4,813 23— total, $367,851.79. Disbursements: Coupons 1st mortgage bonds,
$86.876; on 2d mortgage bonds, $74,692.50. Addison RR. rent, $15.000; dividends. $76,627.75; notes payable,
$64,000 ; sundry expenses, taxes, etc.. $23.824 04-total, $341,020.29. Balance, cash on hand, $26,831.50.
Financial fltaftmtnf., June 30, 1886.— Capital stock (common, J2 480,tiOO ; preferred, $4.000,000), $6,480,600 ;
funded debt. $3,000,000 ; equipment bonds. $2,100 ; dividend strip outstanding, $6.541.07 ; dividends and coupons
unpaid, $11.179 ; profit and loss, $110,023.37— total, $9,610,443.44. Contra; Construction account, f9,W5,3H6.66 ;
Addison RR. stock, $332.800 ; real estate, $115.935.57 ; 5 per cent, bonds (J. M. Haven), $5,000 ; J. M. Haven,
deficiency, $45,045.32 ; rent due, $69,412.50 ; Addison RR. special tax account, $81.89 ; cash on hand, $20,831.50—
total, $9,610,443.44.
Funded debt July 1, 1844, consisted of : 1st mortgage 6 per cent. 30-year bonds, due Nov. 1, 1902, interest May
and November, $1,500,000 ; 2d mortgage 5 per cent. 20-year bonds, due August 1, 1898, interest February and Au-
gust, $1,500,000.
Directors (elected July 15, 18S6V— Charles Clement, Percival W. Clement, Rutland, Vt.; Bradley B. Smalley,
William Wells, Burlington, Vt; John W. Stewart, Middlebury, Vt; George H. Ball, Worcester, Mass.; Silas
Pierce. Charles G. White, Boston, Mass.; Charles Amsden, Amsden, Vt.; CHARLES CLEMENT, President; Rut-
land. Vt; John A. Mead, Treasurer, Rutland, Vt.; Janies C. Barrett, Clerk of Board, Rutland, Vt PRINCIPAL
OFFICE AND ADDRESS, Rutland, Vt
28 POOR'S MAKUAL OF EAILKOADS.
Board of Directora Central Vermont RR. Co., tlected September 8, 1886.
Board of Director! Consolidated RR. of Vtrmont, elected September 8, 1880.
K/ra II.
W
James "
Edward C. Smith. . . .St. Albans,
ra II. Baker ...... Boston, Mm*. I Jooeph Hiekion Montreal, Qne.
. 11. 11. Bingham ........ Stow, Vt. | J. Gregory Smith. ...tit. Albans, Vt.
Officer* of tlu Central Vermont RR. Co., operating :
J. GREGORY SMITH, President ........................... S{- Albans, Vt.
James K. Langdori, \st Vice-President ..................... Montpelier, Vt.
Edward r. Smith, 2d Vice- President ...................... St. Albans, Vt.
Treasurer-D. D. Ranlett ....... ........ St. Albans, Vt.
Ot* i Pass. Agent-* W. Camming* St. Albans \ r
Auditor— E. G.Lucas ................... bt. Alban*, VL
er- J W Hobart ..... St. Albans, Vt.
Q™ Nichols ........ ? ..... Northfleld, Vt.
General Supt.-$. M. Fosu ............. St. Albans, Vt.
PRINCIPAL OFFICE AND ADDRESS St. Albans, Vt.
CHESHIRE RAILROAD COMPANY.
Main Line of Road.— Ashburnhnm Junction, Mass., to Bellows' Falls, Vt. . .53.62 miles.
Leased.— Monadnock RR. : "Winchendon, Mass., to Prterbnro', N. H 15.82 miles.
Trackage.— Fitchburg RR. : Ashburnham Junction to Fitchburg, Mass 10.39 miles.
Total length of line operated 79.83 miles.
Sidings, etc., 17.01 miles. Gauu;e, 4 ft. 8J in. Rail (steel, 53.62 m.), 60 and 72 Ibs.
History.— Consolidation in August, 1845, of Cheshire RR. Co. (chartered in New Hamp-
shire, December 27, 1844) and Winchendon RR. Co. (chartered in Massachusetts, March 13,
1845). Massachusetts Division opened October, 1847; New Hampshire Division May, 1848.
In January, 1880, the lease of the Monadnock RR. was transferred from the Boston, Bar;e
aud Gardner RK. Co. to this company.
Rolling Stock, September 30, 1836.— Locomotive engines, 30. Cars— passenger, 25 ;
freight (box, 11 ; platform, 453), 464 ; other cars, 32 — total cars, 521.
Operations for year ending September 30, 1886.— Train mileage— passenger, 169,015 ;
freight, 404,805 ; other, 57,450— total, 631,270 miles. Earnings— passenger, $158,709.73 ;
freight, $412,635.59; mail and express, $16,985.44 ; miscellaneous, $7,500— total, $595,830.-
76. Operating expenses, $393.633.63. Net earnings (33.94 per cent.), $202,197.13. Rents
of land, etc., $32,241.69. Total available revenue, $234,438.82. Payments : Rentals (F. RR.,
$51,000 ; Monadnock RR., $727.95), $51,727.95 ; interest on bonds, $48,000 ; dividends (Nos.
47 aqd 48, January and July, 2* per cent, each), $105,000— $204,727.95. Surplus, $29,710.87
surplus from 1885, $65,590.90— total, $95,301.77.
Statement of operations, etc., for seven years ending September 30 :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated
64.03
64.03
64.03
tU.u
64.03
64.03
64.03
Train M lr<
541,718
472061
44U,261
491,643
482,720
500.077
573.820
'«TH Carried . .
134,282
146 265
162,102
165,862
161,373
169,092
123.213
4,346,885
601 487
4,599,348
Mil (',31
5,010.192
.">!:'> 449
5,192,211
542 786
4,908,^26
523 588
4,980,153
501 320
5.139.517
611 898
Freight iton) Mile*
28,4 10,57!)
30,007,962
30,032^900
30,532,956
28,9711,669
27,J4.,921
33,330,262
Gross Earning
I
rwi,s7i
622595
$
625,075
$
634,r.24
$
5f:8,637
s
543.664
8
595,831
Gross Expenses
488,152
487 155
449,870
473,438
405,909
347,347
393,634
niiii;-'
151,718
18V410
175,2C5
161,086
162,728
196,317
202 197
Otln-r Keri-ijiU
14,880
*
*
*
18084
17 540
32 242
Available Revenue
164,698
135,410
175 205
161 08li
180 776
218 857
234,439
Rental*
63,000
63,000
61 251
53 859
57 C67
57 '!46
51 728
4H.987
48.000
48000
48000
4S CO)
48 COQ
48 OTO
Dividends (Jan. & July)
(3) 63,000
(3) 63,000
(3)63000
(3) 63,000
(8)63000
(3) 63 000
(5) 105,000
Grow Earning* per Mile
0,212 43
9723 49
9 762 22
9 909 79
8 880 79
8 490 77
9 305 49
Grow Ex |>i- !>-••- |" r Mile
6.842 92
7,608 70
7 025 93
7 394 00
6 339 36
5 424 75
6 147 64
irniags per Mile
•J :iii'.i :»
2,114 79
•J TMii ~M»
2 515 79
2 541 43
3 066 02
3 157 85
~<w in Earning*
IM T 1'Msenger per Mile. .
Average Rate |>«-r Ton per Mile
72.97 p. C.
8.13c.
1.5* c.
74.70 p. c.
1.48 c.
71.91 p. c.
3.24 c.
1.36 C.
74.62 p. c.
3.05 c.
1.34 C.
71 .38 p. c.
8.14 c.
1.28 C.
63.89 p. c.
3 05 c.
1.33 c.
66.06 p. c.
3.09 c.
1.24 c.
* Included in gross earnings.
POOR'S MANUAL OF RAILROADS. 29
Financial Statement, September 30, 1886. — Capital stock (common, $53,000 ; preferred,
$2,100,000), $2,153,300 ; funded debt, $800,000 ; bills payable, $50,999 ; profit and loss, $95,-
301.77— total, $3,099,600.77. Per contra : Construction, $2,395,268.94 ; equipment, $322,-
266.32; materials and fuel, $98,791.56; bills receivable, $222,734.06; cash and accounts,
$80,539.89.
The funded debt consists of 6 per cent. $500 and $1,000 coupon bonds, of which $250,-
000 become due July 1, 1896, and $550,000 become due July 1, 1898, interest payable January
1 and July 1, at Boston National Bank, Boston, Mass. Common stock not ent tied to dividends
until 6 per cent, is paid on preferred. Dividends payable at treasurer's office, Keene, N. H.
Annual meeting, second Wednesday in May. Stock and bonds listed on Boston Stock Ex-
change. Books close for dividends 10 days prior to payment of same. Books not closed
prior to annual meeting.
MONAD NOCK RAILROAD.— Winchendon, Mass., to Peterborough, N. H., 15.80— total track, 16.50
miles. Chartered December 13, 1848 ; road opened June 10, 1871. Leased October 1, 1874, to Boston, Barre and
Gardner RR. Co. for 99 years, at a rental for two years of 812,000 per year ; next three years, $15,000 per year, and
for each year thereafter, $18,000. In January, 1880, the Tease was transferred to the Cheshire RR. Co., which
agreed to pay $12,500 per annum for six years, with the option of extending the lease for five years thereafter at
$13,000 per year, §14,000 per year for the next five years, and $15,000 per year for a third period of five years. The
earnings, operations, etc., of this road are not included in the preceding statement of the Cheshire RR. Co.
Separate accounts are kept, the lessee charging to its income account the net profit or loss resulting from the
operation of the lease. During the past fiscal year the net profit was $7,603.25. Rental, 1885-6, from Cheshire
RR., $10,503; cash from last year, §221.82; cash on note, from Winchester National Bank, $3,0"0— total, $13.721.82.
Expenses, «62 ; bonds paid, $7,500 ; interest, $2,834.75 ; notes paid, $3,000; cash on hand, $325.07. Cnpital stock.
$205.400 ; funded debt, 1st mortgage 5 per cent. 5-20-year bonds, due July 1, 1897, $52,000 ; unpaid interest and
dividends, $652 ; credit balance, $1,600 ; profit and loss, $113,714.33— total liabilities, $373,366.33. Contra : Con-
struction, $367,701.26 ; stocks owned, $3,090 ; cash and rentals due, $2,575.07. H. K. FIIENCH, President ; J. H.
Cuuer, Secretary and Treasurer, Peterborough, N. H.
Board of Directors Cheshire RR. Co., elected May 12, 1886.
William A. Russell. Lawrence, Mass. I Edward C. Thayer Keene, N. H. George W. Russell. Lawrence, Mass.
Aurelius B. Turner.. Ashnelot, N. H. | Royal M. Pulsifer Newton, Mass. William H. Hill,Jr.Brookline, Mass.
Hales W. Suter.
.Boston, Mass.
WILLIAM A. RUSSELL, President Boston, Mass.
E. C. Thayer, Vice- President Keene, N. H.
General Man. and Sec.—R. Stewart Keene, N. H. | Treasurer and G. T. A.— F. H. Kingsbury, Keene, N. H.
PRINCIPAL AND TRANSFER OFFICES Keene, N. H.
CONCORD RAILROAD COMPANY.
Main Line of Road.— Concord, N. H., to Nashua, N. H 34.53 mile?.
Hooksett Branch : Suncook to Hocksett 2.50 miles.
{ Concord and Portsmouth RR., Manchester to Portsmouth 40.50 miles.
I Suncook Branch C. & P. RR., Concord to Suncook 7.00 miles.
Leased :\ Manchester and North Weare RR., Manchester to North Weare 19.00 miles.
Suncook Valley RR., Pittsfield to Suncook Village 17.37 miles.
{Nashua, Acton and Boston RR., Nashua to Acton, Mass 20.21 miles.
Total length of road operated 141.11 miles.
2d track, 34.53 ; sidings, 34.69 miles. Gauge, 4 ft. 8i in. Rail (steel, 90 m.), 65, 67 and 27 Ibs.
History. — The Concord RR. Co. was chartered June 27, 1835 ; road opened September 7,
1842. The company also operates the Manchester and Lawrence RR. under contract. Early
in 1882 this company and the Boston and Lowell Co. purchased the Manchester and Keene
RR., but the legal title to the property was not secured until 1885. In July, 1884, the opera-
tion of the M. & K. RR. was transferred to the Boston and Lowell under a five-years' contract,
that company to pay the Concord Co. a small per cent, of rental.
Rolling Stock. — Locomotive engines, 43. Cars — passenger, 45 ; combination, 7 ; bag-
gage, 12; freight (box, 390 ; platform, 459; coal, 200; stock, 3; dump, 144; milk, 4), 1,200—
total, 1,264. Also, 1 pay, 1 -wrecker, 2 crane, and 8 fuel dept. cars; 3 gougers, and 10
freight saloons.
Operations for year ending March 31, 1886 (141.11 miles). — Trains run (passenger, 283,-
342; freight, 262,130), 545,472 miles. Total engine service 823,647. Passengers carried,
30
POOR'S MANUAL OF RAILROADS.
071,513 ; carried one mile, 16,048,939 miles. Tons freight moved, 1,162,820 ; moved one mile,
• 1)41.
Expends.— Maintenance of Way $181,683
Moiive Power and Car* 170,181 09
Transportation 216,1 7'J 11
Miscellaneous 51,146 38
Total ($ 4,389.42 per mile) '. $619,390 36
Karnl»g«.— Passenger
640.714C5
Mail and Express 82,414 40
Rents and Miscellaneous 1 7.244 54
Total ($7,596.85 per mile) $1,0! 1,963 27
, arnings (42.20 per cent.), $412.572.91. Paymen s: Rentals (C. & P. RR.f $25.000;
5 V HR. $14,700; N., A. & B. RR., $8.250), $47,950; taxes on capital stock, $36,871. o9; ij
6 L RR $64.582.17; improvements, $122,691.88; new equipment, $25,G2',).88 ; contingent
and unsettled claims, $4,000-total, $301,718.47. Balance, $150,854.44; dividends paid (May
an 1 November, 5 per cent. each). $150,000; surplus carried to contingent fund, $854.44.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Revenue Train Miles
451,041
MMM
ilVSn.rxM
674.857
21,609,056
73:5,004
414,157
483,787
527,003
11.081,309
BM,m
29,000,834
870,089
490,423
526,209
591,757
13,118,217
084,881
30,295,384
S
955,000
5'J2,392
566.875
1,328,123*
21.499671*
738,473*
31,976137*
1,258,420
787,211
589,045
1,818,586
26,3'J6,541
1,086,987
35,972,720
$
1,317,880
887,562
568,887
008,861
15.954,088
1,116,519
3ii.C8S.257
S
1,142,895
666,704
557,031
648.409
15.C94.352
1,114,143
36,077,454
S
1.1110.864
694,484
545,472
671,513
16,04 >S939
1,162,820
37,229,941
1,071.963
619,390
Passengers Carried
Passengers Carried one Mile
ions) Moved one M.
Gross Earnin"*
Operating Expenses
Net Earnings
818,847
35,465
69.962
54,708
150,000
379,666
85,!MO
67,582
44,094
150,000
3C2.608
37,607
62.247
44,094
150,000
471,209
37,906
68,792
46.212
150,000
430,318
33,798
58.689
50,875
150,000
476,190
37.360
68,055
55,6hO
150,000
406,380
37,755
M£B8
51,600
150,000
452,573
36,872
64,582
47,950
150,000
Taxef on Capital Stock
Mam -hester & Lawr'nce KR.
Dividends (May and Nov.)..
* Concord RR., 5 months, and 40 p. c. of joiut business B. & L. and C. RRs., 7 months.
Stock listed on Boston Stock Exchange. Annual meeting, Tuesday preceding last
Wednesday in May. Books close for annual meeting 5 days prior thereto; for dividends 10
days prior to payment of same.
General Balance Sheet, March 31, 1886.
Construction ($40,507.69 per mile) 81,500,000 00
Rindge's Wharf at Portsmouth 51,507 72
Nashua, Acton and Boston RR 30,000 00
Nashua, Acton and Boston Bills Receivable 8,500 00
Mt. Washington RR 17361
Concord RR. Material Account 147,080 64
-t. rand Keene RR 160,51840
S. Val. RR. & N., A. & B. RR 57,884 60
Oilier Assets 54500
Cash on Hand.
S2.1S1I -11
Total Assets $2,037,899
Capital Stock (par $50) $1 ,500,000 00
Deterioration and Contingent Account 112.350 07
Interest Account 99,236 92
Rentals Leased Lines 16,678 02
Risk Account 3,932 09
Notes Payable 10,COO 00
Manchester and No. Weare RR 6,552 24
Material Accounts 80,00000
C. RR. Dividend, May 1, ll»86 75,000 00
Sundry Dividends Utpnid 3,635 £0
Cashier Concord Railroad Co 130,514 54
Total Liabilities $ 2,037, S99 38
RAILROADS LEASED OR OWNED BY THE COKCOBD RAILBOAD Co.
CONCORD AND PORTSMOUTH RAILROAD.— Portsmouth to 'Manchester. N. II., 40.50 miles,
with linn, rh from Concord to Smicook, 7 mili-s ; total truck isteel. 9 miles'. 55.24 miles. On July 1, 1845, chur-
.;.!(•<! to two rail toad companies in Now Hampshire tin1 Portsmouth, Newmarket and Concord, and
• 'i:|i, Newmarket ami K voter — that of the first authorizing the construction of a line from Portsmouth
i. while the charter <>f the last named company authorized the construction of a line to
cither I>o\cr. Durham. Newmarket or Kxeter. Later in the same year these two companies were consolidated
• Millionth UK! Conrord KH.ro. By subsequent acts of July 10,1846, and June 23. 1848, it
was authori- ncl branches to llooksett ami Manchester. In 1850 the charter expired, but on July 12th
ii-ion of three veins \\ a- granted. The construction of the road was be^un in the summer of
:' wii* opened to Kppini; ; in September, 1S60, to Raymond, and in August, 1852, to ('on-
con I. n tot nl of i; mi:. - i in .June I. ls.V>. the com puny having become embarrassed, its road was taken possession
of by the truMi-.-- ui.dcr the mortL'iiue. On September 1. 1S'.T. the mud and property were sold under foreclosure,
u IH-U • red, I lily II. 1H.V.) beini: organized by the bondholders in whose inter-
In 1861 under authority of an act authorizing a relocation of the line, a new road
\%;i- built from Caiidia to " r, and that portion of the old line extendh g from Candia to Suncook, was
abandoned. I.ea-ed for 1W years to the Concord lilt. Co.. in I Mil. at an annual rental of 7 per cent, on $3r>0.000 of
r organization. Dividends (January and July, each ?.\ per cent.), £24,500. SAMUEL N. BELL.
11 . K II. luiiK, Trtaturer, Manchester, N. H.
POOR'S MANUAL OF PAILROADS. 31
MANCHESTER AND NORTH WEARE RAILROAD.-Manchesfr to North Weare, 19 miles;
total track, 20.44 miles. Chartered June 24, 1848, as the New Hampshire Central RR. Co., to build from Manches-
ter to Clarrmont. Construction begun in 1849; road opened from Manchester to Old Mill Village, February lit,
1850, and to Henniker, a total distance of 25.52 miles, December 10th, 1850. On April 12, 1853, a consolidation was
effected with the Concord and Claremont RR. Co., under the name of the Merrimac and Connecticut Hiven- 1M<.
Co. Default having been made by this consolidated company, its road was taken possession of by the mortgage
trustees. In 1858 the two companies separated, the New Hampshire Central being rechartered under the name of
the Manchester and North Weare RR. Co., June 28th of the same year, and in 1850 this new organization acquired
the load at trustees' sale. The original cost of the road from Manchester to Henniker was $54ti.5S7.49. At the
sale in 18.">9 it was purchased for $200,000, the present company issuing its capital stock for that amount. The
road is practically owned by the Concord RR. Co., which has operated and controlled it since the organization of
the existing corporation. On October 31, 1858, the rails between Henniker and North Weare. (5.52 miles, were torn
up, and that portion of the road was abandoned. Capital stock, representing cost of road to present company,
$200,000. All accounts are merged into those of the Concord RR. Co. Organization is merely formal. JESSE
GANET, President, Hooksett, N. H. ; Josiah Carpenter, Treasurer, Manchester, N. H. ; Nathan P. Hunt, Clerk,
Manchester, N. H.
NASHUA, ACTON AND BOSTON RAILROAD.— Nashua, N. H.,to Acton, Mass., 20.21 ; total
track, 22.74 miles. Opened July 1, 1873. Leased for ten yvars from January 1, 1876, to the Concord RR. Co., at
an annual rental of $11,000. Controlling interest purchased by lessee in lf-80 for $250,000. Operation trans ferred
to Boston and Lowell RR. Co. for five years fiom July 1, 1884, under contract between that company and the
lessee. Reverted to lessee December 1, 1885. Rental, 1880, $5,500 ; interest accrued, $30,225.51 ; deficit, $24,-
725.51 ; deficit from last year, $374,468.78— total deficit, $399,194.29. Capital stock, $500,000 ; funded debt, 1st
mortgage 6 per cent. 20-year bonds, due October 1, 1895, inierest April and October, at ( ffice of Fitchburg RR.
Co., Boston, $500,000; unfunded debt- coupons and notes payable, $462,482.90— total, $1,462,488.90. Contra:
Cost of road, $1.057,031.20; cash and cash assets, $6,257.41 ; profit and Jots, $899,194.29. JOHN C. MOULTON,
President, Laconia, N. H.; F. D. Cook, Treasurer, Nashua, N. H.
SUNCOOK VALLEY RAILROAD.-Suncook Village to Pittsfield, N. H., 17.37 miles ; total track, 19
miles. Chartered January 4, 1849 ; road opened in 1869. Leased January 1, 1870, for 42 years, to the Concord and
the Manchester and Lawrence RR. Companies for 6 per cent, on $240,000 stock, and $300 for organization. Divi-
dends payable January 1 and July 1, at Manchester, N. H. Capital stock, $341,700 ; contributions, «8,6i;6. Income
balance, $130.68- total, $:;50,526.68. Cost of road, $348,199.19 : other assets, $2,327.49. SAMUEL N. BELL, Presi-
dent; Jus. A. Weston, Treasurer ; B. P. Cilley, Clerk. COBPORATK OFFICE, Manchester, N. H.
Board of Directors Concord EE. Co. , elected May 25, 1886.
Frederick Smyth..Manchester, N. H. Josiah Minot Concord, N. H. j John H. Pearson . . . .Concord, N. H.
James VV. Johnson .. .Enfield, N. H. Benjamiu A. Kimball. Concord, N. H. I Walter M. Parker.Manchester, N. H.
John A. White Concord, N. H.
FREDERICK SMYTH, President Manchester, N. H.
Treasurer— Nathan Parker Manchester, N. H. | Gen. Superintendent— ~KM. Chamberlain. Concord, N. H.
Cleric— William M. Chase Concord, N. H.
PRINCIPAL OFFICE AND ADDRESS Concord, N. H.
CONNECTICUT AND PASSUMPSIC RIVERS RAILROAD.
Main Line of Road. — White River Junction, Vt., to Canada line 110.80 miles.
Leased : Massawippi Valley Ey., Vt. State Line to Lenoxville, Can 36.75 miles.
Total length of line operated in 1885-6 147.05 miles.
Sidings, etc., 23.25 miles. Gauge, 4 ft. 8i in. Rails (steel, 110.30 miles), 56 Ibs.
History.— Chartered October 27, 1843 ; entire line opened October 14, 1863. The Mas-
sawippi Valley Ry., leased for 99 years from July 1, 1870, continues the line into Canada
to a junction with the Grand Trunk Ry. The lessee pays interest on bonds and dividends
at same rate as upon its own stock.
Rolling' Stock. — Locomotive engines. 33. Cars— passenger, 18 ; parlor, 1 ; baggage,
mail, and smoking, 13 ; saloon, 10 ; freight (box, 520; platform, 490; stock, 100), 1,110—
total, 1,152 ; also 2 boarding and 3 crane cars. »
Operations for year ending June 30, 1886. — Trains run (passenger, 241,012 ; freight,
397,579), 638,591 miles. Total engine service, 653,910 miles. Passengers carried, 209,607 ;
carried one mile, 7,732,331 ; average mile-rate, 3.53 cents. Freight moved, 413.1C4 ; moved
one mile, 32,228,849 tons ; average mile-rate, 1.25 cents.
Earnings.— Passenger $273,290 26
Freight 401,281 14
Mail and Express 32,588 72
Rents 18,128 69
Total ($4,932.26 per mile) $725,288 81
Expense*.— Maintenance of Way $122,506 83
Motive Power and Cars 81 ,276 20
Transportation 218,116 61
Miscellaneous and Taxes 50,049 12
Total ($3,209.44 per mile) $471,948 75
Net earnings (34.93 per cent.), 253,340.06. Add interest, 33,641.66 ; surplus from last
year, $8,716.88— available revenue, $295,698.60. Payments : Interest on bonds (C. & P.
bonds, $105,000; M. V. bonds, $24,000 ; N. & R. bonds, $17.500), $146,500; other interest,
$9,360.56 ; dividends (February and August 2£ per cent, each.), $118.470 ; dividends on Mas-
32
POOR'S MANUAL OP RAILROAD?.
sawippi st .-k
$1,86804.
(February and August), $20,000— total, $294,330.56. Balance, surplus,
General Balance Sheet, August 28, 1886.
. 837.27923
tfewpon t.,1 Bichfon RR 350,000 00
Sum!- • I Accounts 179,81876
Mt. \S'^l,iM-toa Ky. Stock 13,60000
..n timid 12.422 24
Total AweU... $4,632,70349
Reserve Fund 888,419 77
Surplus Earnings 1,368 04
Total Liabilities §4,632,703 49
The funded debt consists of 1st mortgage 7 per cent. 20-year bonds, due April 1, 1(108,
interest payable April and October, at Treasurer's office, Boston. The Newport and Rich-
ford bonds are a first mortgage oil that road. This company has also largely aided in com-
pleting the Southeastern Ry. Company's line, which joins the C. & P. Rivers RR. at New-
port.
Annual meeting early in September. Books close for dividends about January 7th and
July 23d. The stock and bonds are listed on Boston Stock Exchange.
Statement of operations, etc., for seven fiscal years, ending June 30 :
1880
1881
1882
1883
1884
1885
1886
Revenue Train Miles
444,001
156,!#4
184,358
657,548
431,408
498,768
17li.3l3
308,935
S
774,147
462,982
545,559
200,2^0
366,517
S
851,749
547,904
601,836
227,598
301,442
$
884852
613,882
617,663
227,497
370,819
837.940
538,769
643,916
214478
372,078
S
797,526
498,111
638,591
209,607
413,104
S
75.^,930
471,948
Passenger* Carried
Freight (tons) Moved
Working Expenses, etc
NI-T K"venue
226,140
130,610
(3*1 90,04S
4,282 f 4
1,342 15
68.51 p. c.
311,165
14VH1
(5) 130.701
4.'-62 7'J
1,71 4 33
64. 75 p. c.
303.845
153,930
16) 134,490
5,:S2 37
1,02640
69.62 p. c.
270.970
146.500
(6) 134,406
5,572 05
1,39741
74.92 p. c.
229,151
146,500
(50U5.288
5.35019
1,68620
68.49 p. C.
209,475
146.500
(5) 132,080
5,18442
1,79706
65. 34 p. c.
286.982
146,500
(5) 1X8,470
4,932 26
1.72282
65. 07 p. C.
'iic and Interest*
Dividend**
< Jro — Kiirniii"" i XT Mile
Net Kariiin:'- |> r Mile
Expenses to Revenue
* These items include amounts paid as rental to M. V. Ry. Co.
DIVIDENDS. — In January, 1850, first dividend was paid. In January and July, 1855,
April, 1856, and May, 1857, interest was paid on cash payments on account of stock subscrip-
tions. In July, 1858, and January, 1865, 3 per cent, dividends were paid on special stock. In
July, 18(11, March, 1864, and March, 1866, stock dividends of 20, 10, and 10 per cent., respect-
ively, were paid. From January, 1865, to January, 1870, inclusive, and from August, 1870, to
February, Ib75. inclusive, semi-annual dividends of 3 per cent, each were paid. In February,
1878, 2 per cent., in August, 1878, 1 per cent., and from February, 1879, to February, 1881,
inclusive, 1A per cent, semi-annually were paid. From August 1881, to February, 1884, 3 per
cent, was the semi-annual rate, and from August, 1884, to August, 1886, inclusive, 2A per cent.
Boston Safe Deposit and Trust Co., Boston, Mass., Registrar of transfers of stock.
RAILROAD OWNED BY THE C. AND P. R. RR. Co.
NEWPORT AND RICHFORD RAILROAD.— Newport, Vt., to Canada Line, 22: total track, 23
miles. Kail sti-el. •£! mile*), 57J Ibn. Formerly the Missisquoi and Clyde RR., which was sold in 1880, and
li/.cd under prcwnt name. The road is mainly owned by the C.'& P. Rs. RK. Co., which issued in pay-
ment ih.-r> for =:r>n.OUO 5 per cent. 80-year Imnds, due 1911. Mcnred by a mortgage on the property. Interest on
b..nd- I;. unary and July, at office of Treasurer of C. & P. R" RR. in Boston. Capital stock, «3:>0,000—
total, r'-pre-eiitine cost of road. J 700,000. Operated by the Southeastern Ry. Co. of Canada. E. RAYMOND,
Prttidtnl, Cambridge, MM«.; N. P. Lovering, Treagurtr, Boston, Mass.; H. C.Cleveland, Secretary, Coventry, Vt.
Board of Directors C. <fe P. R. RR. Co., elected September 8, 1886.
Emmoni» Ray nv>nd.('amhrtdue M i»«».
\V. K i'.l .1 jett.
Amo* B:irn.-« P.o-ton, Mans.
Alden Speare Newton, Mass.
Wm. D. Bishop Bridgeport, ct.
A. B. Harris Springfield, Ma>*.
Fred'k Billings Woodstock, Vt.
S. 8. Thompson Lyndonville. Vt.
Oscar Edwards. Northampton, Mass.
A. ll. HAKRIB, President ................... ............ Springfield, Mass.
Tnanrer - James H. Williams ....... Bellows Falls, Vt | Superintendent— E.. E. Fol«om ...... Lyndonville, Vt.
Secrttary— u. C. Cleveland ............................. Coventry, Vt.
OFFICE AND ADDRESS ............................... Lyndonville, Vt.
1 cal Agency .................................. No. 95 Milk Street, Boston, Mass.
POORS MANUAL OF RAILEOADS.
33
CONNECTICUT RIVER RAILROAD COMPANY.
Main Lino of Road. — Springfield, Mass., to South Vernon, Vt 50.00 miles.
$ GMcopee Falls : Chicopee to Chicopee Falls 2.35
/ Eastfiampton : Mount Tom to Easthampton 3.50— 5.85 miles.
Leased : Ashuelot Bit. : South Vernon, Vt., to Keeiie, N. H 24.00 miles.
Total length of railroad owned, leased, and operated 79.85 miles.
2d track, 36 ; sidings, 41.44 miles. Gauge, 4 ft. 8* in. Rail (steel, 124.03 miles), 56 and 66 Ibs.
History. — Consolidation, July 18, 1845, of the Northampton and Springfield RR. Co.,
chartered March 1, 1842, and the Springfield and Northampton RR. Co., chartered January
25, 1845. The road was opened from Springfield to Greenfield, November 23, 1846, irnd to
South Vernon, January 1, 1849. The Chicopee Branch was opened in 1845, and the East-
hampton Branch in 1872. The Ashuelot RR. was leased April 21, 1877.
Rolling Stock, September 30, 1886. — Locomotive engines, 43. Cars— passenger, 35 ;
baggage, mail and express, 18 ; freight (box, 222 ; platform, 242 ; stock, 3 ; coal, 20 ; caboose,
11), 498 ; other cars, 33— total cars, 584.
Operations for year ending September 30, 1886. — See tabulated statement below.
Earnings.- Passenger $384,428 17
Freight 466,517 14
Mail 11,237 80
Express 18,160 67
Total ($11,012.45 per mile) $879,343 78
Expenses.— Transportation $252,312 23
Rolling Stock 66,482 77
Maintenance Way and Buildings. 215,762 43
Miscellaneous and Taxes 110,031 23
Total ($9,072.50 per mile) $044,588 65
Net earnings (26.70 per cent.), $234,755.13. Interest received, $35,457.61 — total income,
$270,212.74. Payments: Rentals, $22,760.42; interest, $27.901.73 ; dividends (January and
July, 4 per cent, each), $189,600— total, $240,262.15. Surplus, $29,950.59 ; surplus from last
year ($976 828.82 ; sundry deductions, $48,404.80), $928,424.02— total, $958,374.61.
Dividends on the common stock of the Connecticut River Railroad Co.:
July, 1847, 3 p. c.
Aug.
1850, 2J p. c.
Feb., 1854, 2J p. c.
Aug., 1856, 2 p.-c
Feb., 1860, 4 p. c.
Aug.
1862, 3 p. c
Jan., 1848, 4 p. c
Feb.
1843,3 p. c.
Aug., 1854, 2 p. c.
Aug., 1857, 2 p. c
Aug., I860, 4 p. c.
Feb.
isas, 3 p. c
July, 1848, 4 p. c
iAug.
1853, 2 p. c.
Feb., 1855, 2}- p. c.
Aug., 1P5S, 2 p. c
Feb., 1861, 3 p. c.
Ausr.
18''>3, 3 p. c
Jan., 1849, 4 p. c
Feb.
1853, 2 p. c.
Aug., 1855, 2J p. c
Feb., 1859, 2 p. c
Aug., 1861, 3 p. c. Feb.
1864, 3 p. c
July, 1849, 3 p. c
Aug.
1853, 2 p. c.
Feb., 1856, 2 p. c.
Aug., 1859, 2J p. C
Feb., 1862, 3 p. c.
Aug.
1864, 3 p. c
Feb., 1850, 3 p. c
From January, 1865, to January, 1868, inclusive, dividends were four per cent, semi-an-
nually. From July, 1888, to January, 1875, inclusive, dividends were five per cent, semi-an-
nually. From July, 1875, to July, 1886, inclusive, dividends were four per cent, semi annu-
ally, payable January and July. From October, 1886, dividend periods were changed from
semi-annual ly to quarterly.
In addition to above dividends on the common stock, the company paid four per cent,
semi-annually, for 10 years, to August, 1860, on 3,075 shares ($307,500. 00) of preferred stock,
payable February and August. After August, 1860, the preferred stock was merged into the
common stock.
General Balance Sheet, September 30, 1886.
Construction $2,941,097 06
Equipment 410,441 55
Permanent Investments 99,61000
Materials and Supplies 85,047 00
Bills and Accounts Receivable 526,015 05
Cash on Hand 28,528 56
Total Assets $4,C90,739 22
Cnpital Stock $2,370,000 00
NotesPayable 500,000 00
Accounts Payable 214,358 61
Dividends Unpaid 48,006 00
Profit and Loss 958,37461
Total Liabilities ~, $4,090,739 22
Annual meeting third Tuesday in December. Books close for dividends March, June,
September and December 15th. Stock listed on Boston Stock Exchange;
3
34
POOR'S MANUAL OF EAILROADS.
Statement of operations, capital account, etc., for eight years :
Miles of Railroad
1879
1880
1881
1882
1883
1884
1885
1886
65 «6
65.86
92.98
67.78
79.86
20
85
6
•'•*''
1,122>«J
1U65,837
469,029
11,551,973
$
726.060
499,320
56.86
96.51
n.n
":'A '
40
6
470
279,865
148,616
1,278,275
13,103,0!i8
14,776,880
$
812,006
890,111
55.85
96.51
69.78
79.81
87
40
17
474
279,470
252,9a!>
1,407,069
14,347,891
14,81 6^233
849,024
615,594
55.85
108.36
70.98
79.85
41
32
18
474
809,726
154,567
1,484,186
16,484,671
632,805
15,589,258
888.611
647,268
55.85
130.41
123.35
79.85
42
32
18
486
326,639
143,832
1,477,499
15.629,060
636.120
15,115,907
' 878,872
631,214
55.85
132.81
123.69
79.85
42
32
18
486
334.061
140.497
1.415,701
15,105.870
606.345
15,093,085
$
830,294
596,906
55.85
133 29
124.03
79.85
43
35
18
486
333,841
147,280
1,531,208
15.aS8,148
071.839
16,567,813
*
879,344
644,589
Miles of Track
MJfl
57.78
n.ao
19
83
6
3.-,!'
110!845
99-viM'i
10,r,22,9T6
8P8,133
8,9:53,116
622,310
401,058
Miles of Steel Rail
M lies Operated
Locomotive Engines
Baggage, Mail, etc., Can. . .
Frei-'ht Care
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons> Moved . ...
Freight (ton) Miles ..
Gross Traffic Earnings
Operating Expenses
Net Traffic Earnings
221,252
4,471
226,740
5,381
221,895
14,156
2.33.430
18,989
241,343
22,923
247,658
22,136
233,388
38,834
* 234,755
35,458
Other Receipts
Available Revenue
225,998
18.922
12,204
(8) 168.COO
31,867
7,784 78
6,022 TI i
2.762 OH
65.47 p. C.
2.61 c.
8.51 c.
$
2.1 (10.01 V)
192,405
1,793
174,694
610,859
232,121
16,028
13,034
836,051
19,027
15,836
(8) 168,000
33,689
10,169 14
7,89023
2,778 91
72.68 p. c.
2.52 c.
2.98C.
$
2,100,000
315,40C
860.47S
678,840
252,479
19,920
28,265
(8) 168.000
86,234
10,632 74
7,707 13
2,925 61
72.51 p. c.
2.48 c.
3.07 c.
2,370.000
380.000
1.880
248,025
8*2,591
264,266
22,217
16. 158
(8) 189,600
36,291
11,128 50
8,106 06
3.03-2 44
t72.82 p.c.
2.87 c.
3.05 c.
2,370,000
350,000
2.-200
302,070
919,040
269,794
27,111
25,739
(Si l(-9.ron
27,344
11,006 54
7.90500
3,101 54
t71.82p.C.
2.37 C.
3.05 c.
$
2,370,000
650,000
1,752
236.308
946,318
272.22-2
22,174
29,054
(8) 189,600
80,794
10,030 »•
7.475 35
3.155 54
t70.32 p.c.
2.35 c.
2.96 c.
S
2.370,000
625,000
1,188
2?4,633
976,829
270,213
22,760
27,902
(8) 189,600
29,951
11.012 45
8,072 20
2,039 95
73.30 p. c.
2.42 c.
2.81 c.
8
2.370,000
500.000
48.006
214,359
958,374
Lease Rentals
Dividends
(8) 16SOOO
34,459
9.092 81
6,253 22
2,839 59
68.78 p. c.
2.59 c.
3.35 c.
$
2,100.000
189,905
2.417
247,741
645,318
Surplus .
Gross Earnings per Mile*..
Gross Expenses per Mile*..
Net Earnings per Mile*
Kipi-nses to Earnings*
Aver. Kate p. Pass. p. Mile.
Aver. Kate p. Ton p. Mile..
Capital Stock
Notes Payable
Dividends
Surplus
Total Liabilities
8,080,251
2,396.088
241,93!!
105.127
72,275
166,25V
98,619
3.1K5.384
2,896.038
241,939
105,823
6:>.732
316,215
69,635
gJKKS^Sg
£41.939
105,661
180,160
451,980
81,314
8,882,406
2,458,611
330,299
106.011
96,578
716.984
174,013
3.943,310
2,707,078
389,868
105,661
125,461
452.452
162,790
4,204,378
2,989,014
389,867
99,610
91,967
6411,115
84,805
4.197.598
2.9S7.121
389,867
99,610
95.771
562,150
63,079
4.090,739
2,941,097
410J441
99,610
86,047
520.015
2S,529
Railroad ..
Equipment
Other Investments
Material? and Supplies
Notes and Accounts
Cash
TotalAsaets
3,080,251
3,185,384
3,456,581
3,882,496
3,943,31ol 4,204,878
1
4,197,598
4,090,739
* These calculations are based upon the gross earnings, operating expenses and net earnings given in this
table.
t Included in operating expense* during 1883 was the sum of £37.595 ; daring 1884, $27,911 ; during 1885,
$58,059.92, and ilnrinir l!-80. $71.02."). 52. properly chargeable to construction- account. The percentage of current
expense* (excluding these amounts), to traffic earnings was 70.08 per cent, in 1883, 70.09 per cent, in 1884, 04.83
per cent, in 1H85, and 65.23 per cent, in 1886.
ASHUELOT RAILROAD.— South Vernon, Vt., to Keene, N. II. 24 miles. Siding, 3.79 miles.
Chartered December 27, 1844, and road opened January 1, 1851. Reorganized in 1877 on stock basis of §210,000,
and leased to Connecticut 1,'iver UK. April 21, 1877, for 99 years, at a rental of 30 per cent, of gross receipts, now
equal to 8 per cent, on the stock capital, all of which is held in the {Merest of the C. R. RR. Co. Receipts lor
year ending September 30. ISM;. l;,nt.,l. <]S,Hvl.i«; interest, |2, 743.68— total, $21,606.76. Expenses, $2,b7'9.84 ;
paid dividend, s p,-r cent., $16800: inteiest, $111.55-total, §19.791. 39. Surplus, $1,815.37. The company has
made ten dividend payments, the first, 4 per cent., in 1S77. and the last. 8 per cent., in 18r6, the ii^'iesato of nil
being 67 per cent. For particular*, see MANUAL for 1S86. page 409. Financial Statement, September 30, 1886.
—Capital stock. «21t>,000 ; milunded debts. ^ ti.; 72.^3 -. profit and loss, $89,691. 11— total, *25H,4»53.34. Contra:
Cost ofmad,8237.H.V,.2:> : other accounts, MS.607.0SI total, g250,4«i3.34. Dividends payable (January, April. July,
and October) at Bpringflftld, Ma-*. A It. HAHKI-, J'>,*i<<<i,/, Springfield, Mass.; E. F. Lane, Treasurer, Keene,
N il ; F. F. Lane, Secretary, Keene, N. 11.
Board of Directors Connecticut Riter RR. Co., elected January 19, 1887.
N. A. Leonard... Springfield, Mann.
•it. .Brnoklii
Frederick Billings.. Woodstock, Vt
Oscar Edwards. Northampton, Mass.
William K. Cone Hartford. Conn.
Aug. T. Perkins... Barnstable, Maes.
W. B. Waabbnrn.. Greenfield, Mass.
A. B. Harris Sprintrfield, Mass.
William Whiting Holyoke, Mass.
N. A. LEON A « D, Prerident Springfield, Mass.
Clerk and Treatvrtr- Beth Hunt.... Springfield, Mass. | Superintendent— John Mulligan Springfield, Mass.
PRINCIPAL OFFICE AJJD ADDIIESS Springfield, Mass.
POOR S MANUAL OF KAILROADS.
35
DANBTJRY AND NORWALK RAILROAD COMPANY.
Main Line of Road. — Danbury, Ct., to Wilson Point, Ct 26.5 miles.
, ( Ridgefield : Branchville to Ridgefield 4
: \ Hawleyville : Bethel to Hawleyville 6—10.0 miles.
Total length of road operated 36.5 miles.
Sidings, etc., 8.39 miles. Gauge, 4 ft. 8£ in. Rail (steel, 79.65 miles), 56 Ibs.
History. — Chartered in May, 1849 ; road opened from Danbury to South Norwalk, Feb-
ruary 22, 1852. The Ridgefield Branch was opened in June, 1870 ; the Hawleyville Branch
in July, 1872 ; the extension from South Norwalk to Wilson Point, July 4, 1882.
On the 1st of October, 1886, this road was leased to the Housatonic RR. Co. for 99 years,
at a rental equal to interest on bonds and 5 per cent, on stock.
Rolling Stock. — Locomotive engines, 7. Cars — passenger, 18; baggage, mail, etc., 3;
freight, 143— total, 164.
Operations for year ending October 31, 1886. — Train mileage — passenger, 100,659 ;
freight, 68.211 ; other, 5,413 — total, 174,283 miles. Passengers carried, 447,561 ; carried
one mile, 4,507,897 ; average mile rate, 2.43 cents. Tons freight moved, 115,240; moved one
mile, 2,320,992 ; average ton-mile rate, 4.97 cents.
Earnings.— Passenger $109,678 90
Freight 115,402 27
Mai) 2,907 99
Express 4,500 00
Miscellaneous 471 23
Kxpeiises.— Transportation $58,764 C2
MotivePower 11,90780
Maintenance of Cars 8,459 64
Maintenance Way and Buildings 32,503 87
General 28,71423
Total ($6,382.48 per mile) $232,96039 Total ($3,847.95 per mile) $140,45016
Net earnings (40 per cent.), $92,510.23. Payments: Interest, $13,529.61 ; taxes, $12,-
262.91 ; dividend (2<r per cent. February 15, 1886), $14,997.50— total, $70,790.02. Balance,
surplus, $21,720.21. Surplus from last year ($103,254.67 ; less items charged during year,
$1266.78), $102,987.89. Surplus as per balance sheet, $124,708.10.
General Balance Sheet, October 31, 1886.
Cost of Road $1,170,270 83
Cost of Rolling Stock 228971 89
Materials and Fuel on Hand 13,273 58
Sundry Accounts 27,31872
Cash on Hand ... 11,918 50
Capital stock ($50 shares) $600,000 00
Funded Debt Outstanding 650,000 00
Bills Payable 45,00000
Current Accounts 32,04548
Profit and Loss 124,70810
Total Assets $1,451,753 58 Total Liabilities' $1,451,753 58
The funded debt consists of $200,000 1st mortgage 7 per cent. 20-year bonds, due July
1, 1890 ; $200,000 2d mortgage 7 per cent. 20-year bonds, due July 1, 1892; $100,000 6 per
cent, consolidated mortgage 40-year bonds, due July 1, 1920; and general mortgage 5 per
cent, bonds, due April 1, 1925, $150,000.
Coupons of Ists, 2ds, and consols due January and July; of general mortgage April nnd
October; payable at office of Treasurer Housatonic RR,, Bridgeport, Ct., or Bank of Republic,
New York; dividends at Housatonic RR., Biidgeport, Ct. Annual meeting, last Thursday in
October. Tru&tee of bonds, State Treasurer; registrar of stock, Charles B. Merritt, Dan-
bury, Ct.
Statement of operations, etc., for «igbt years :
1879
1880
1881
1882
1883
1884
1885
1886
Passengers Carried
Freight (tons) Moved
205,349
60,550
$
164,236
35,318
35.520
(2) 11,997
4,8">9 06
1,044 91
78. 50 p. c.
280,0.-4
72,716
$
184,407
53,075
34,06:,
(i'i> M,»!«
5,4-5 82
1,776 16
07.44 p. c.
278,380
68,198
$
195,163
80.861
34,976
(5) 89,991
5.720 45
2.660 04
55. 26 p. c.
346,784
7«,U93
$
200.993
63,154
33, (32
(5-,81f)32,4<.»l
5.506 1.7
1,730 25
63.58 p. c.
413,552
88,273
$
211,734
51,048
41,289
(2i) 14,998
5,800 93
1.398 59
75.89 p. c.
398,242
86,426
$
211.658
75,931
40,9;)8
(21) 14,998
5.79S 8>
2,080 30
64. 13 p. c.
430,143
104,944
$
220,806
80,13:)
43,.V3
(5) 2.',Q95
6,04'.i 49
2,1'J5 34
63.94 p. C.
447/61
115,240
$
2';2,960
92,510
43.530
(24) 13,489
6,3H2 48
2.534 53
fiO.OO p. c.
Gross Earnings and Rents..
Net Earnings
Iniere.-t.
Dividends
Gross Earnings per Mile
Net Earnings per Mile
Expenses to Earnings
JMreelors (elected October 28, 1880).— F. St. John l.ockwood, Norwalk, Ct.; Charles H.
36 POOR'S MANUAL OF RAILROADS.
Merritt, Danbury, Ct. ; Charles L. Rockwell, Meriden, Ct.; William H. Barnum, Lime Rock,
Ct.; Daniel W. Plumb, Birmingham, Ct.; Charles A. Potter, New York, N. Y.; Richard
Hurley, New York, N. Y.; Win. B. E. Lockwood, Richard Hurley, John H. Perry, Ebenezer
Hill, Stephen H. Smith, Norwalk, Ct.
F. ST. JOHN LOCKWOOD, President Norwalk, Ct.
flee- President— Charles II. Merritt Danbury, Ct. | Secretary and 2V«o«.— Harvey Williams. . .Danbury, Ct.
PBINCIPAL OFFICE AND ADDBESS Daubury, Ct.
FALL RIVER, WARREN AND PROVIDENCE RAILROAD COMPANY.
Line of lload.— Fall River, Mass., to Warren, R. I 5.79 miles.
Sidings, etc., 0.52 mile. Gauge, 4 ft. 84 in. Rail (steel, 5.34 miles), 56 Ibs.
History. — Consolidation of the Fall River and Warren RR. Co., Massachusetts, and the
Warren and Fall River RR. Co., Rhode Island. Road opened May 23, 1860, owned and con-
trolled by Old Colony RR. Co.
Operations for year ending September 30, 1886. — Trains run (passenger, 31,300; freight,
6,220), 87,520 miles. Passengers carried, 156,217 ; carried one mile, 1,014,06:3. Freight
moved, 14,584 ; moved one mile, 111,711 tons. Earnings — passenger, $24,379.29 ; freight,
$5,560.62 ; mail and express, $1,945.48— total ($5,506.98 per mile), $31,885.39. Expenses-
maintenance of way, $4,072.09 ; motive power, $3,541 ; transportation, $11,116.80 ; mis-
cellaneous, $835.47— total ($3,379.16 per mile), $19,565.36. Net earnings (38.64 per cent.),
$12,320.03. Add rents, $48.67 — total available revenue, $12,868.70. Paid interest on bonds,
$12,368.70. Deficit from last year, $138,963.44.
Financial Statement, September 30, 1886.— Capital stock. $150,000 ; funded debt, 1st
mortgage 7 per cent. 10-year bonds, due April 17, 1883, interest April and October, $300,000;
current accounts, $2,989.55— total, $452,939.55. Contra: Road, etc., $310,747.60; cash,
$1,261.75 ; current accounts, $1,966.76 ; profit and loss, $138,963.44.
Annual meeting, second Monday in March. Trustees of bonds, Benjamin Finch and
John M. Washburn.
Board of Directors, elected March 8, 1886.
C. F. Choatc...Sonthborough, Mass. John 8. Brayton...Fall River, Mass. I Royal W. Turner... Randolph, Mass.
Fred. L. Ames. North Eastern, Mass. Thos. J. Borden. ..Fall River, Mass. I Thomas Dunn Newport, R. I.
CHABLES F. CHOATE, President Boston, Mass.
Treasurer— J. M. Washburn Boston, Mass. | General Manager— 3. R. Kendrick Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Boston, Mass.
FRANKLIN AND MEGANTIC RAILROAD COMPANY.
Main Line of lload. — Strong, Me., to Kingfield, Me 15
Mountain Branch 2 — 17 miles.
Sidings, etc., 2 miles. Gauge, 2 feet. Rail (steel), 25 Ibs.
History.— Chartered Jan. 1, 1884 ; road opened December 10, 1884 ; Mountain Branch in
1880.
Rolling Stock.— Locomotive engines, 1. Cars — passenger, 2; express and mail, 1;
freight, 35 ; other, 6 — total, 44.
Operations for year ending September 30, 1886.— Trains run, 88,002 miles. Passengers
carried, 7,306. Tons freight moved, 3,765. Earnings— passenger, $3,500.39; freight, $4,-
062.57— total, $7,562.96. Expenses, $6,701.05. Net earnings, $861.91. Interest accrued,
. Deficit, $2,41009.
Financial Statement, September 30, 1886.— Capital stock (authorized $50,000), paid H
$11. TOO; first mortgage bonds, $40,000; unfunded debt, $27,231.82— total, $111,731.82.
•a: Con.-trnction, $78,508.13; equipment, $8,459.47; other investments, $3,728.30;
cash and cash assets, $1,706.50 ; profit and loss, $19,8'29.42-total, $111,731.82. Interest on
bonds to be payable at Faneuil Hall National Bank, Boston, Mass. Annual meeting, third
\\> Im-sday in November.
Director* (elected November 17, 1886).— Philip H. Stubbs, J. W. Porter, Strong, Me.;
POOR'S MANUAL OF RAILROADS. 37
S. W. Sargent, V. B. Mead, N. B. Bryant, Boston, Mass.; John Winter, Kingfield, Me.; W.
S. Heath, Salem, Me.
SAMUEL W. SARGENT, President 7 Kilby Street, Boston, Mass.
Treas. and Gen. Mgr.— Philip II. Stubbs.. .Strong, Me. | Asst. S., G. P. &F. Agt.—Chaa. P. Bryant.. Strong, Me.
PRINCIPAL OPEICE AND ADDRESS Strong, Me.
FITCHBURG RAILROAD COMPANY.
Main Line of Road. — Boston, Mass., to Fitchburg, Mass 50.00 miles.
( Ice : In Charlestown, Mass 0.68
Waterlown : North Cambridge, Mass., to Waltham, Mass 8.26
a J Marlborough : South Acton, Mass., to Marlborough, Mass 12.42
j Peterborough and Shirley : Aver, Mass., to Greenville, N. H . . .23.62
£ Worcester and Winchendon : Worcester, Mass., to Winchendon, Mass. .36.00
|_ Ashburnham: Ashburnham, Ma?s., to South Ashburnham... 2.59 — 83.57 mil^.
r , . j Vt. and Mass. HE.: Fitchburg, Mass., to Greenfield, Mass 56.00
' \ Turner's Falls Br,: Greenfield to Turner's Falls, Mass 2.80— 58.80 miles.
Total length of lines operated (owned, 133.57 ; leased, 58.80) 192.37 miles.
2d track, 50.68 ; sidings, 83.07 m. Gauge, 4 ft. 8^ in. Rail (steel, 133.63 miles), 60-72 Ibs. ;
2d track, all lines, 104.88 miles ; sidings, 111.10 miles.
History. — Chartered March 3, 1842; completed between Cambridge and Fitchburg,
March 5, 1845. In 1848 the road was extended into Boston. The Peterborough and Shirley
RR. was opened in 1850, leased for 10 years, and purchased in 1860. That portion of the
Fitchburg RR. between Ashburnham and Fitchburg, 10.39 miles, is used under contract by
the Cheshire RR. Company. The Vermont and Massachusetts RR. is leased for 999 years
from January 1, 1874. At Boston, the Hoosac Tunnel Dock and Elevator Company, an aux-
iliary corporation, was chartered April 29, 1879, for the construction of docks, wharves, ele-
vators, warehouses, etc., for the handling and storage of freight. The Fitchburg RR. Co.
subscribed for 374 shares of stock in this company, for which it paid $374,000.
The company took possession of the Boston, Barre and Gardner Railroad, under a tem-
porary operating contract, March 7, 1885. It was merged July 1, 1885, the company issuing
new stock at the rate of 1 share for every 10 shares of B., B. and G. stock, and assuming all
liabi ities of that company. The Ashburnham Railroad was purchased April 22, 1885.
On the 1st of February, 1887, the Troy and Greenfield Railroad and Hoosac Tunnel and
the Fitchburg Railroad were consolidated under the name of the latter. In the consolidation
the capital stock was set at $12,048,800, of which $7,048,800 is preferred, and $5,000,000
common. Of the preferred stock $5,286,600 is to be issued in exchange for the stock of the
Fitchburg Co., immediately after the consolidation goes into effect, the remaining $1,762,200
to be divided pro rata among the Fitchburg shareholders within four months after the con-
solidation. The common &tock is to be issued within four months after the consolidation, to
the State of Massachusetts. The preferred stock is to have preference for dividends up to
4 per cent., after which both issues will share equally. There are to be issued to the Com-
monwealth $5,060,000 bonds of the consolidated company, dated February 1, 1887, and to
run for 50 years. There will also be executed before May 1, 1887, a consolidated mortgage,
covering the entire property of the company.
Rolling Stock. — Locomotive engines, 112. Cars — passenger, 131 ; baggage and mail,
29; freight (box, 2,972; platform, 722; coal, gravel, etc., 310), 4,004; caboose, 40— total,
4,204. Also, 10 snow-plows. Of the box cars, 397 are leased.
Operations for year ending September 30, 18b6. — See tabulated statement below.
Earnings.— Passenger $1,072,2S9 42 Expenses.— Maintenance of Way... . $396,24754
Motive Power and Cars 977,620 51
Transportation 799,953 90
Miscellaneous and. Taxes 385,843 04
Freight 2,078,445 56
Mail and Express 111,672 13
Miscellaneous 137,135 37
Total ($17,671.89 per mile) $3,399,542 48
Total (§13,305.95 per mile) $2,559,664 99
Net earnings (24.71 per cent.), $839,877.49. Payments : Rent of V. & M. RR., $^56,480 ;
interest on bonds, $260,763 ; dividends (January and July, 2£ per cent, each), $264,330—
total, $781,573. Balance, surplus, $58,304.49 ; add surplus from last year, $390,041.61 — total,
$448,346.10. Deduct old interest and rentals charged off, $17,269.45; accounts transferred,
$20,743.93— total, $38,013.38. Balance, profit and loss, as per balance sheet, $410,332.72.
38
POOR'S MANUAL— IITCHBUBQ BR. CO.
Contraction, etc. ($81,879.51 per mile)... $8,285.241; 4!)
KeHl K.ta.e "... r. 447,2,907
Lancaster K K 26.430 56
... •TiiniM-1 I). &E. Co 458,50000
H..-N.H. itj.rr. A- (iardner Kit. Bonds 90,600 00
: '1 Snpplie- 378,171 43
,n.l Hiiliinres 1,150,149 92
Improvements— Sundry Items 1,884,256 46
General Balance Sheet, September 30, 1886.
Capital Stock (£39,579.22 per mile) «5,S8fi,PiCO 00
Funded Debt (S88,486.i9 per mile) 5,!40.600 00
Notespayable 628,300 00
Rent of Koad Accrued
Vouchers and Accounts 879,384
Unclaimed Dividends K,40.S 00
Interest Unpaid and Accrued 119,20058
Profit and Loss 410,33272
Total Asset* $12,694,588 92
Total Liabilities $12,694,583 92
Funded debt consisted, September 30, 1880, of :
20-year 7 per cent, bonds, due April 1, 1894, interest April and October $500,000
20-y. ar 0 per cent, bonds, due October 1, 1897, interest April and October 500,00
L'O-yrar 5 per cent, bonds, due October 1, 1899, interest Apiil and October 500,00
L'li-y.ar 5 percent, bonds, due October 1, 1900, interest April and October 500,000
20-vvar 5 per cent, bonds, <iue October 1, 1901, interest April and October 500,00'
•JO v. ur ."> per cent, bonds, due April 1, 1902, intere.st April and October 500,00'
20-year 5 per cent, bonds, due April 1, 1903, interest April and October 500,000
20-year 4 per cent, bonds, due March 1, 1904, interest March and September 500, 00(
20-year 4 per cent, bonds, due J nne 1, 1905, interest June and December 500,000
IWton, Harre & Gardner, 1st mort. 7 j er cent, bonds, due April 1, 1893 91,300
Boston, Barre & Gardner, l«t mort. 5 per cent, bonds, due April 1, 1893 299,700
Boston, Barre & Gardner, 2d mort. 3 per cent, bonds, due July 1, 1895 186,300
Boston, Barre & Gardner, 3d mort. 6 per cent, bonds, due July 1. 1895 57,300
Ai-hburnhain, 1st mort. 6 per cent, bonds, due June 1, 1887, int. June and Dec 6,000
Statement of operations, capital account, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of RR. Owned..
.Milt-- operated. ..
93.32
152.12
193.77
51.03
77
82
25
1.913
879,680
2,2x7,0 :5
:r,.o'.H.n:>
1.313.2S9
irj^-i-i.!-,!,)
2,079,973
1.458.515
93.32
1 :>•„>.] 2
197.85
52.40
81
90
26
2,658
748,134
811,085
2,461,603
3!l.752.3:>2
1.54«i.'.l5i>
109,323,:i90
2,454,599
1,725,585
93.32
152.12
2CXS.94
C8.10
91
91
27
3,256
860,829
957,422
2,657,984
42^54,047
1,776,960
116,708,337
2,612.595
2,127,437
93.32
153.12
208.69
89.37
98
M
29
3,299
825,091
841,842
2,959,423
47,628,311
1,822.262
128,892,956
9
2,503,730
2,007,886
93.32
152.12
207.50
106.20
98
96
31
3,328
874,115
970,023
3,158,643
50,lti7,019
2,081,122
135,787,172
$
2.909,677
2,187,941
93.32
152.12
208.99
108.13
100
114
31
3,421
981,955
1,004,364
3,542,936
54,622,010
2.112,155
144,246,394
$
2,849,157
2,131,405
131.91
173.62
258.79
133.63
107
135
20
3,991
1,114,449
990,878
3,791,035
53,418,653
2,158,283
161,905,750
$
2,887,671
2,146,961
133.57
112.37
;>i;7.32
133.63
112
131
29
4,004
1,280,868
1,159,645
4,1:30,395
61,073,787
2.509,131
195,113,082
$
3,399,542
2,559,665
Miles of Truck Owned
Miles of Steel Rail ...
Locomotive Engines .
Passenger Cars.
Hair'-Tii:,".1 nnd Mail Cars
Freight Cars
Passenger Train Miles
Freight Train Miles.,
-••re Curried. ..
Pa-st'iiirer M;
Freight (tons MUM il
Fiei-lit (ton) Miles...
I urnings
Gross Expunces
Net Traffic Earnings .
Premium on Bonds...
621,458
na,o64
10,000
485,l.'-8
43,234
495,844
110,000
721,736
56,000
717,752
7,500
740,710
3,580
839,877
Available Revenue . . .
Lease Rentals
621,458
99,462
(»;, -.»?,uii»i
+ 9,740
12,642 08
S.'.VM •-':.
3,721 43
70.56 p. c.
1.89c.
i.aoc.
4,500,000
1,000,000
810,000
»4,«91
739,064
240,212
115,217
(6) 2rO,000
+ 113,63.->
15,159 87
11,343 25
3,816 62
74.82 p. c.
1.89 c.
1.87c.
4..-4I.I.IHNI
l.roi,u«i
400^00
7 II. -.".H
528,392
287,812
140,180
(7) 315,000
- 164,600
16,470 32
13,985 25
2.48507
84.91 p. c.
1.82C.
1.42 c.
4,950,000
2,000,000
i.ni.rxM
760,845
605,844
239,572
198,730
(6) 297,000
- 129,468
15,898 18
13,199 35
2,698 83
83.02 p. c.
1.71 c.
1.19c.
S
4.950,000
3,000,000
1,OH.V>00
778,617
777,736
230,164
228,725
+ 21, W
18,571 02
14,382 99
4,188 03
77.45 p. c.
1.78c.
1.35 c.
$
4,950,000
3,500,000
510,500
725,252
246,809
212,332
(5J) 272,250
- 6,139
18,194 12
14,011 34
4,182 78
77.01 p. c.
1.65c.
1.09 c.
S
4,950,000
4,000,000
530,000
744,290
252,581
220,688
(5) 247,500
+ 23,521
16,054 77
12,365 85
3,68892
77.02 p. c.
1.83c.
1.06 c.
S
5,286,500
5,140,600
351,500
839,877
256,480
260,763
(5) 264,380
+ 58,304
17,671 89
13,305 95
4,365 94
75.29 p. c.
1.75 c.
1.07 c.
$
5,286,600
5,140,600
828,300
Dividend)*
Balance ( + or — ) . . .
Gross Enrnine* p. M.
: .JM-IIM'S p. M.
N'-t KiirniiiL's per Mile
M xpen-.es to Earnings.
Av. Kate p. Pass. p. M.
A \er.Iiutep.Ton p.M.
Capital Stock
Funded Di-lit.
Nut'- I'uvnble ... .
YemrtJtSlass.KR.Co.
Sinkin:,' Fund
106,235
100,352
317,323
106,235
166,997
279,664
.V, oiim- A Balances.
Proflt and Loss.
r.'.-!.i;:,
i.v.i.r.ir,
-'.M.r.s-
188,096
•MM
14<UOO
301,399
575,842
390,042
1,028,751
410,333
•.1 Liabilities..
Kail n mil
7.21D,.».V)
:i >.Y.sr>
156.025
8w,4*?
864,179
80440
7,'K r.M x>i
4,450,182
806,479
170,000
814,577
MtlM
71,506
9.ll(i.:i.^i
4,5W,719I
•,M>.V.i-M \
BK,4tt
I06.BM
i,isr,ti.v
mju
IM.U80
10,256,316
6,885,628
886,831
NH£M
1,546,961
451,152
281,418
9,544,410
6,934,061
914,410
10,032,896
7,104,840
1,334,542
11,744,484
I 5,606,057
I 2,659,189
1,226,135
12,694.584
5,606,057
2.659.189
1,577,935
Ki|iii|iiiient
t.&Inventm'ts
Kimd ...
H. <•<...
Miiteri.-il- .1- Supplies.
Cash and Receivables.
Total Assets
660,358
409,571
026,015
cbb.iss
336,028
807,888
1,191,477
384,129
677,497
1,323,082
378,171
1,150,150
7,810,410
7,902,094
9,410,850
10,iVi.31(i
9,544,410
10,032,896
11,744,484
12,694,584
POOB'S MANUAL OF RAILROADS. 39
Annual meeting last Tuesday in January. Books do not close for annual meeting.
Before the payment of dividends a date is fixed (about 15 days) after which stock, if trans-
ferred, does not carry dividends. S'.ock and bonds listed on Boston Stock Exchange.
VERMONT AND MASSACHUSETTS RAILROAD.— Fitohburg to Greenfield, Mass.. 56 miles;
Turner's Palls Branch, 2.80— total, 58.80 miles. 2d track. 54.20 : sidings, 28.03 miles. Consolidation of the Ver-
mont and Massachusetts, chartered March 15, 1844, and the Battleboro and Fltchbnrg, chartered October 31, 1843.
Whole line opened April 15, 1849. Leased to the Fitchburg RR. Co. for 999 years from January 1, 1874 ; rental,
dividends of 4 per cent, annually for first two years, 5 per cent, yearly for two succeeding years, and 6 per cent,
per annum thereafter ; lessees assuming all liabilities and taxes." On the 1st of May, 1880, the Vermont Division
(21.31 miles) was sold to the Ne\v London Northern RR. Co., for §630,500, which sum was applied to reduction of
advances by lessees. Locomotives, 13. Cars — passenger, 19 ; mail and biigsragc, 1 ; freight and other, 278.
Rental, 1885-86, $194,580 ;— being for organization expense*, 83,000; and for dividends, April and October, 3 per
cent, each, 8191,580. This company paid its first dividend January 1, 1866, 2 per cent. Since that time it has
paid 34 dividends, making 35 in all, aggregating 87 percent., or $2,600,831.41.
Financial Statement, V. & M. RR. Co., September 30, 18S5.— Capital >-tock, $3,193,000; funded debt, 5 per
cent. 20-year bonds, due May 1, 1903. gl.000,000; unfunded debt, SI 1, 813.55 ; profit and loss, §142,002.2t -total,
$4,846.815.83. Contra: Construction, $3,2S8,328.01 ; equipment, $201,233.64; Turner's Falls Branch, $145,300.63;
lauds in Massachusetts, $65,973.38: cash and cush assets, $5*55,980.17— total, $4,34ti,815.83. Due from Fitchburg RR.
Co. account double track, $576,4f>9.64. Of the $1,000,000 5 per cent, bonds, $550,000 were applied to retiring the
bonds matured July 1, 18>*3, and the balance to reduction of advances by lessee on account of improvements.
Annual meeting, first Wednesday in June. Books close for that day only. Dividends payable April 7 and October
7, to stockholders of record March 31 and September 30. Stock and bonds listed on Boston Stock Exchange.
Interest payable by lessees ; dividends at the office of the treasurer, 17 State Street, Boston. DANIEL S. RICH-
AHDSON, President, Lowell, Mass.; Franklin N. Poor, Treasurer, Boston, Mass.
Board of Directors Fitchburg RR. Co., elected January 26, 1886.
Elijah B. Philips Boston, Mass. Robert Codman Boston, Mass.
Charles A. Welch
Seth Bemis Newton, Mass. Rodney Wallace.. .Fitchburg, Mass. Charles T. Crocker. Fitchburg, Mass.
Franklin N. Poor.. Somerville. Mass.
Boston, Mass.
E. B. PHILLIPS, President Boston, Mass.
Treasurer— M. D. Benson Boston, Mass. | Gen. Superintendent — John Adams Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Boston, Mass.
GRAFTON CENTRE RAILROAD COMPANY.
Line of Road. — Grafton, Mass., to Grafton Centre, Mass 3 miles.
Sidings, etc., 0.1 mile. Gauge, 3 feet. Kail 35 Ibs. per yard.
History.— Chartered October, 1873 ; road opened August 20, 1874.
Rolling Stock, September 30, 1886. — Locomotive 1. Cars— passenger, 1.
Operations for year ending September 30, 1886. — Trains run, 14,085 miles. Passengers
carried, 39,973 ; carried one mile, 119,919. Earnings— passenger, $4,458.16 ; express, mail,
etc., $1,025; other. $1,298.76— total, $6,781.92. Operating expenses, $6,918.07. Deficit,
$136.17. Interest accrued, $1,127.50. Balance, deficit, $1,263.67 ; deficit from last year,
$5,114.34— total, $6,378.01.
Financial Statement, September 30, 1886.— Capital stock, $29,830 ; funded debt, 1st
mortgage 7 per cent. 10-year bonds, due May 1, 1885, interest May and November, $13,000 ;
unfunded debt, $8,132.51— total, $50,962.51. Contra : Construction, $39,245.98 ; equipment,
$5,025.69 ; cash, etc., $312.83 ; profit and loss, $6,378.01.
Directors (elected November 6, 1882). — J. D. Wheeler, George K. Nichols, Franklin
Baldwin, Silas A. Forbush, John B. White, Joseph A. Dodge, Alden M. Bigelow, Daniel N.
Gibbs, Herbert F. Allen, D. Webster Norcross, Grafton, Mass.
ALDEN M. BIGELOW, President and Superintendent Grafton, Mass.
Treasurer— Henry F. Wing Grafton, Mass. | Secretary— Herbert F. Allen Grafton, Mass.
PRINCIPAL OFFICE AND ADDRESS Grafton, Centre, Mass.
GREEN MOUNTAIN RAILROAD COMPANY.
Line of Road. — Eagle Lake to summit Green Mt'n, Mt. Desert, Me 1.14 miles.
Gauge, 4 ft. 7£ in. Rail, 30 Ibs. per yard.
History. — Chartered in 1882. Road built and opened in same year. Constructed and
40 POOR'S MANUAL OF RAILROADS.
operated on same principle as the Mount Washington RR. in New Hampshire. Worked only
during the summer season.
Rolling Stock, September 80, 1886.— Locomotive engines, 2. Cars-passenger, 2 ; o
2— total, 4. The company also owns barges (stages) running from Bar Harbor to Eagle Lake,
and a small steamboat plying on that lake connecting the barge line with the railroad.
Earnings, etc., for year ending September 30, 1886.— Earnings (papsensrer), $8,795
Expenses, $5,846.62. Net earnings, $2,949.03. Paid interest, $2,534.57. Balance, surplus,
$414.46.
Flnnm-ijil Statement, September 30, 1886.— Capital stock, $87,500; funded (
000 ; unfunded debt, $3,718.54— total, $131,666.87. Centra : Cost of road, $130,113.16 ; other
investments, $1,500; cash and cash assets, $3.71— total, $131,666.87.
Directors.— Thomas J. Stewait, Charles V. Lord, Frank W. Cram, Eugene M. Hersey,
Francis H. Clergue, Bnngor, Me.
THOMAS J. STEWAKT, President Bangor, Me.
Gen .Man. A Treat. -f. H. Clergue Bangor, Me. | Svpt & 6. P. ^.-Harry D. Stewart Bangor, Me.
PRINCIPAL OFFICE AND ADDRESS Banger, Me.
HANOVER BRANCH RAILROAD COMPANY.
Line of Road.— North Abington, Mass. , to South Hanover, Mass 8 miles.
Sidings, 1 mile. Gauge. 4 feet 8i inches. Rail (steel, 4 miles). 50 Ibs.
History.— Chartered March 10, 1866; road opened July 10, 1868.
Rolling Stock.— Locomotives, 3. Cars— passenger, etc., 4 ; baggage, etc., 2; freight, 20.
Operations for year ending September 30, 1886.— Trains run— pasf-enger, 23,336 ; fi eight,
5.008— total, 28,344 miles. Passengers carried, 136,858; carried one mile, 745,128. Tons
freight moved, 49,773; moved one mile, 308,028. Earnings— passenger, $24,760.88; freight,
$18,014.17; mail, express, etc., $2,411.97— total, $45,187.02. Operating expenses and taxes,
$25,391.17. Net earnings, $19,805.85. Payments— interest, $937.50; dividends (6 j er cent.),
$7,248. Surplus, $11,440.35 ; surplus from last year, $129,240.01— total surplus, $140,680.36.
Financial Statement, September 30, 1886.— Capital stock, $123,950; funded debt, $15,-
000; dividends, $795; profit nnd loss, $140,680.36— total, $580,425.86. Contra: Railroad,
$194,826.66 ; equipment, $71,312.69 ; realw estate and other property, $3,193.90 ; cash and cash
assets, $11,092.11.
The company has made 18 dividend payments, aggregating $61,347, or 55| per cent, on
stock — the first in 1872 and the last in July, 1886. For particulars, see MANUAL for 1886,
page 176. The funded debt consists of a 5 per cent, mortgage note due on demand. Interest
payable at Boston, Mass. Stock entitled to vote immediately after purchase. Annual meet-
ing, laet Monday in October.
Directors (elected September 26, 1886).— E. Y. Perry, South Hanover, Mass.; Lewis
Reed, Albert Culver, Rockland, Mass.; E. Q. Sylvester, L. C. Waterman, Hanover, Mass.
E. Y. PERRY, President and Superintendent South Hanover, Mass.
Trtcuvrer— Albert Culver Rockland, Mass. | S«crttary—C. T. Phillips...." South Hanover, Mass-
PRINCIPAL OFFICE AND ADDRESS South Hanover, Mass.
HARTFORD AND CONNECTICUT VALLEY RAILROAD COMPANY.
Line of Komi. —Hartford, Ct., to Fenwick, Ct 46.20 miles.
Sidings, etc., 6.67 miles. Gauge, 4 ft. 8* in. Rail (steel, 45.27 miles), 56, 60, 62 lb?.
History.— Chartered July 1, 1868, as Connecticut Valley RR. Co. Road opened to Say-
brook June 80, 1871 ; to Fenwick in 1872 ; from July 1, 1876, to January 9, 1878, it was oper-
POORS MANUAL OF RAILROADS.
41
ated by trustee of 2d mortgage bondholders, and from the latter date to July 1, 1880, by trus-
tee of let mortgage bondholders. It came into possession of present company July 1, 1880,
under act of March 28, 1879, which provided that all the indebtedness secured by the 1st mort-
gage should be convertible into capital stock of the new company, and authorized the issue of
not exceeding $500,000 in certificates of indebtedness, secured by mortgage, and convertible
into stock. Toward the close of 1882, the New York, New Haven and Hartford RR. Co. pur-
chased a controlling interest in the capital stock of this company.
Rolling Stock, September 80, 1886. — Locomotive engines, 9. Cars — passenger, 14 ; bag-
gage, mail and express, 6 ; freight (box, 69 ; platform, etc., 80), 158 — total cars, 178.
Operations for year ending September 30, 1886. — Train mileage— passenger, 126,596 ;
freight, 68,952 ; other, 28,549— total, 224,097 milts. Passengers carried, 364,149 ; carri ?d one
mile, 5,172,744 ; average mile rate, 2.296'cents. Tons freight moved, 78,o26 ; moved one mile,
2,382,044 ; average ton-mile rate, 3.68 cents.
Earnings.— Passenger $118,813 33
Freight 86,560 04
Mail and Express 9,708 67
Miscellaneous 2,895 18
Total ($4,718.12 per mile) $217,977 22
Expenses. — Transportation $81.094 71
Motive Power 9,677 80
Maintenance of Cars 16,022 49
Maintenance Way and Buildings 66,691 90
Total ($3,759.45 per mile) $173,686 40
Net earnings (20.32 per cent.), $44,290.82. Payments : Interest on debt, $4,305.83 ; taxes,
$6,969.93; loss on accounts, $90.43— total, $11,366.19. Balance, surplus, $32,924.63; sur-
plus from last year, $15,724.31 — total surplus, $48,648,94.
Financial Statement, September 30, 1886. — Capital stock issued, $723,200 ; outstanding
bonds C. V. RR., convertible, $76,800; certificates of indebtedness, $60,400; bills and ac-
counts, $21,823.96; balance of cash accounts and material from trustee, $1,955.70 ; profit and
loss, $48,648.94— total, $932,828.60. Contra : Cost of property to present company, $800,000 ;
new construction account, $81,246.30 ; new equipment account, $15,400.77, bills and accounts,
$13,815.09 ; materials, $4,445.50; cash, $17,920,94. The original cost of the property was
$3,364,770.88. represented by $1,069,000 stock, $1,000,000 1st mortgage and $1,250,000 2d
mortgage bonds. There was also expended $152,530.24 on construction and equipment
while the road was in the hands of trustees, making total cost $3,517,301.12. The authorized
stock of the present company is $800,000, exchangeable for old first mortgage bonds at 80 per
cent, of the face value.
Time of holding annual meeting, second Tuesday in December.
Directors (elected December 14, 18S6).— George H. Watrous, New Haven, Ct. ; Samuel
Babcock, Middletown, Ct. ; E. W. Trowbridge, E. M. Reod, New Haven, Ct. ; William D.
Bishop, Nathaniel Wheeler, Bridgeport, Ct. ; Henry C. Robinson, Charles M. Pond, Hart-
ford, Ct. ; Daniel C. Spencer, Old Saybrook, Ct.
GEOKGE H. WATROUS, President New Haven, Ct.
Samuel Babcock, Vice-President Middletown, Ct.
Secretary and Treas.—Vfm. C. Brainard . . Hartford, Ct. | Superintendent— Chas. S. Davidson Hartford, Ct.
PRINCIPAL OFFICE AND ADDRESS Hartford, Ct.
HARTFORD AND CONNECTICUT WESTERN RAILROAD COMPANY.
Line of Road.— Hartford, Ct., to Rhinecliff, N. Y 108.30 miles,
Sidings, etc., 20.48 miles. Gauge, 4 ft. 8i in. Rail (steel, 72.67 miles), 60 Ibs.
History.— Chartered June 25, 1868 ; road opened December 21, 1871. On the 27th of
April, 1880, the property was placed in the hands of the State Treasurer- as trustee, and was
operated by him until August 1, 1881, when the present company was organized under au-
thority of an act of the Connecticut Legislature, which provided for an exchange of bonds
of the old company for stock in the new, on the basis of 60 per cent, of their par value. Of
the total issue of these old bonds, amounting to $3,200,000, there had been exchanged at the
close of the fiscal year $2,900,500. On the 1st of July, 1882, the company assumed pos-
42 POOR'S MANUAL— HABTFORD AND CONNECTICUT WESTERN RR. CO.
wssion of the Rhinebeck and Connecticut RR., of New York, extending from Rhinecliff
N. Y., to Boston Corners, 35.20 miles, which had previously been purchased by an issue of
$800,000 of new Btock. Included in the line, as above, is a section of road extending from
the New York and Connecticut boundary line to Boston Corners, N. Y., a distance of 6.89
miles, formerly leased from the Poughkeepsie, Hartford and Boston RR. Co., but purchased
at foreclosure pale early in 1884, and now merged into this company's line. It forms a con-
necting link between the two sections of road originally owned by this company.
Since the close of the fiscal year a controlling interest in this road has been acquired by
parties interested in the Poughkeepsie Bridge Co.
Rolling Stock.— Locomotive engines, 18. Cars— passenger, 12 ; combination, passenger
and baggage, 3 ; passenger and mail, 2 ; baggage and mail, 5 ; caboose, 2 ; freight (box, 110 ;
stock, 4; milk, 2; hay, 20 ; platform, 320), 462— total, 486. Also, 1 tool, 1 pile-driver, 1 steam
shovel and derrick, 1 tender for same, and 20 construction cars.
Operations for year ending September 30, 1886.— Train mileage— passenger, 155,893;
freight, 177,822 ; other, 8,366— total, 342,081 miles. Passengers carried, 268,778 ; carried one
mile, 4,401,248; average mile rate, 2.62 cents. Tons freight moved, 280,813; moved one
mile, 10,305,569 ; average ton-mile rate, 2.07 cents.
Kmrnlngs.— Passenger $117,006 26
Freight 218,437 66
Mail 9,74312
Express 5,855 68
Rents 2,92179
Total ($3,222.20 per mile) $348,961 51
Expenses.— Transportation $88,725 65
Repairs Rolling Stock 30,152 10
Engines and Cars— Fuel, etc 39,369 20
Maintenance Way and Buildings. 75,700 06
General 13,721 75
Total ($2,286.88 per mile) $247,668 76
Net earnings (29.03 per cent.), $101,295.75. Add : old accounts collected, $996. 70— total,
$102,292.45. Paid : Interest, $33,279.32; taxes, $12,841.14 ; dividend, $148.50— total, $46,-
268.96. Balance, surplus, $56,023.49 ; deficit from last year, $79,231.34 ; net deficit as per
balance sheet, $23,207.85. Included in operating expenses are rentals paid, as follows : New
York and New England RR., $4,200 ; New Haven and Northampton RR., $240.
General Balance Sheet, September 30, 1886.
Construction .$2,802,650 00
Equipment 343,407 22
Real Estate
Materials and Fuel on Hand.
Accounts Receivable
Ca*h on Hand
Profit and Loss
93,154 81
64,790 02
52,189 13
1,235 15
23,207 85
Total Assets $3,380,634 18
Capital Stock $2,550,200 00
Funded Debt Outstanding 610,000 00
Bills Payable 15,000 00
Accounts Payable 1,15396
Convertible Bonds 169,803 00
Bills Audited 34,475 22
Total Liabilities. . . .- $3,380,634 18
The $15,000 bills payable have been paid off since the close of the fiscal year.
Statement of gross and net earnings and fixed charges for eight years :
OroM Earnings ,
1879
, . ... 223,084
1880
$
238,810
1881
$
266,725
1882 1883
$ $
304,273 387,632
1884
$
333,820
1885
$
311,C62
1886
$
348.965
Net Earning* • . ...
57,:i86
21,379
16,564
14,827* 6t>,904
10,170*
2,234*
64,424
Interest and Rentals
16,890
15,018
12',485
13,'.362 26,488
42,630
48,853
37,719
Dividends
(1|) 37,367
594
144
149
* Deficit.
The funded debt outstanding consists of 1st mortgage 5 percent. 20-year bonds, due
July 1, 1903, $510,000 ; let mortgage (C. W. RR.) 7 per cent, bonds, due July 1, 1900, con-
vertible into stock of this company at 60 per cent, of face value, $179,700. On the last
mentioned bonds no interest has been paid since January 1, 1876.
Directors (elected December, 1886).— Charles T. Hillyer, Milo Hunt, Lent B. Merriam,
Hartford, Ct. ; Milo B. Richardson, William H. Barnum, Lime Rock, Ct.; J. O. Phelps, Sims-
bury, Ct.; William L. Gilbert, Henry Gay, West Winsted, Ct.; Lymau Dunning, East
POOR'S MANUAL OF RAILROA.LS 43
Canaan, Ct. : Frederick Miles, Chapinville, Ct.; S. G. Dimmock, Thomas Cornell, Eondout,
N. Y.; Alexander H. Holley, Lakeville, Ct.
WILLIAM L. GILBERT, President West Winsted, Ct.
Frederick Miles, Vice-President Chapinville, Ct.
Secretary— Edward R. Beardsley Hartford, Ct. I Superintendent— Edwin McNeill Hartford, Ct.
Treasurer— Edwin R. BeardsK y Han ford, Ct. | Auditor— Richard P. Martin Hartford, Ct.
PRINCIPAL OFFICE AND ADDRESS Hartford, Ct.
HOOSAC TUNNEL AND WILMINGTON RAILROAD COMPANY.
Line of Road. — Hoosac Tunnel, Mass., to Readsboro', Vt 11 miles.
Sidings, etc., 1 mile. Gauge, 3 feet. Rail (steel) 30 Ibs. per yard.
History. — This road was built by the Deerfield River Co. to reach its wood pulp and saw
mills at Readsboro', Vt. On December 28, 1886, the present corporation was chartered, and
shortly thereafter the line of the Deerfield River Co., as above, was acquired.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 3; baggage, etc., 1 ; freight
(box, 8 ; platform, 16 ; coal, 4), 28 ; caboose, 1 ; other cars, 24 — total, 57.
Financial Statement, January 1, 1887.— Capital stock paid in, $50,000.
Directors. — Daniel H. Newton, John C. Newton, Moses Newton, James Ramage, George
C. Gill, Holyoke, Mass.; George W. Miller, New York, N. Y.; Charles S. Newton, Anson
B. Cross, Readsboro', Vt.; C. C. Cogswell, Northampton, Mass.
D. H. NEWTON, President Holyoke, Mass.
'Vice-President — Moses Newton Holyoke, Mass. | Treasurei — John C. Newton Holyoke, Mass.
PRINCIPAL OFFICE AND ADDBESS Readsboro', Vt.
HOUSATONIC RAILROAD COMPANY.
Main Line of Road. — Bridgeport, Ct., to State Line, Mass 74.46
Danbury Branch : Brookfield Junction, Ct. , to Danbury, Ci 5.36 — 79.82 miles.
" ( Berkshire RR.: Sheffield to W. Stockbridge, Ma?s 21.03
j> ] West Stockbridge ER.: W. Stockbridge to N. Y. State Line 46.60
g (StocJcbridge and Pittsfield RR.: Stockbridge to Pittsfield, Mass 22.93— 46.60 miles.
v-3
Total length of road (owned, 79.82 ; leased, 46.60) 126.42 miles.
Sidings, etc., 15.87 miles. Gauge, 4 ft. 8£ in. Rail (steel, 74.46 miles), 60 Ibs.
History. — Chartered in May, 1836 ; completed December 1, 1842. The Berkshire and
the West Stockbridge RRs. were leased in 1843 ; the Stockbiidge and Pitt.-field RR. in 1849.
The New York, Housatonic and Northern RR. between Danbury, Ct., and Brookfield, Ct.,
operated since May 1, 1874, was purchased in 1882 for $65,000.
On the 1st of October, 1886, the company leased the Danbury and Norwalk RR. for 99
years, the rental being bond interest and 5 per cent, on stock.
Rolling Stock, September 30, 1886. — Locomotive engines, 24. Cars — passenger, 32 ;
baggage, mail, etc., 15; freight (box, 683; platform, 329; hay, 14), 1,026— total, 1,073.
Also, 1 wrecking and 2 caboose cars.
Operations for year ending September 30, 1886. — Train mileage — passenger, 258,609;
freight, 293,386; other, 25,646— total, 577,641 miles. Passengers carried, 382,526;
carried one mile, 9,890,020; average rate, 2.48 cents. Freight moved, 306,278 ; moved one
mile, 17,296,373; average rate, 2.08 cents. Earnings — passenger, $245,294.23 ; freight,
$362,440.28 ; mail, express, etc., $82,281.47— total ($5,537.22 per mile), $690,015.98. Operat-
ing expenses and taxes ($3,592.27 per mile), $454,135.07. Net earnings (34.18 per cent.),
$235,880.91 ; rolling stock earnings, $4,728.86— total, $240,609.77. Payments : Rentals of
leased lines (Berkshire RR., $42,000; Stockbridge and Pittefield RR., $31,409 ; West Stock-
POOR'S MANUAL OF RAILROADS.
bridge RR., $091.10), $74,100.10 ; interest, $57,821.37 ; dividends on preferred stock . (Nos.
72 and 73 January 9 and July 10, 1886, 3 per cent, each), $70,800-total, $202,721.47.
Balance, surplus. $87,888.30; add surplus from last year, $238,478.95-total surplus as per
balance sheet, $276,867.25.
Statement of operations for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated.
Revenue Train Miles
Passengers Carried
128.25
475,878
2T)2,740
126.25
499,604
291,620
186.25
519,004
319.743
126.25
514,864
340,478
12650
513,900
856,577
126.50
532,551
367,080
126.50
517,045
840,954
126.42
551,995
382,526
6,340,830
7,325,680
7,846,894
8,546,740
8,794,731
225,037
341,489
348,614
&53,909
3-23.603
Freight (ton) Miles
12,741,554
17,690,190
17,277,836
17,510,670
15,795,565
14,875,414
Gross Earnings, all sources.
Expenses and Taxes
1
599,660
359,991
740,998
506,123
754,513
491,511
s
746,327
505,572
$
735,492
497,835
$
717,959
513,677
654,143
404,511
694,745
454,135
239,669
234,875
263,002
240,755
237.657
204,282
249,632
240,610
79,564
80,290
78,833
74,07K
74,107
74,095
47,817
44,430
57,131
69,352
65,200
61,976
Dividends (J., A., J., O.)...
94,400
94,400
94,40(1
23
94,400
94,400
94,400
2,270
82,600
13
Balance
+ 17,888
+ 15,755
+ 32,615
+ 2,927
+ 3,950
- 28,459
+ 29,546
+ 37,888
Gross Earnings per Mile
Gross Expenses per Mile. .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile .
Aver. Rate p. Ton p. Mile. .
4,740 40
2,831 41
1,88899
60. 03 p. c.
2.80 c.
2.78 c.
5,857 52
4,008 90
1,848 62
68. 30 p. c.
2.78c.
2.63 c.
5,976 34
3,893 15
2,083 19
65. 14 p. c.
2.77 c.
2.72 c.
5,911 51
<.,004 53
1,906 98
67.78 p. c.
2.69 c.
2.54 c.
5,814 17
3,935 45
1,878 72
67.69 p. c.
2.68 C.
2.70 c.
5,675 57
4,060 69
1,614 88
71. 55 p. C.
2.48 c.
2.54 c.
5,171 09
3,197 71
1,973 38
61. 84 p. c.
2.49 c.
2.30 c.
5,495 53
3,593 27
1.903 26
65. 37 p. c.
2.48 c.
2.08 c.
General Balance Sheet, September 30, 1886.
Construction, Equipment, etc. $3,076,087 96
The Ames Property 170,88969
Real Estate
N. Y., Housatonic and N. RR
Materials and Fuel
Bills and Accounts Receivable, etc.
Cash on Hand
59,933 69
72,628 05
60,04234
152,315 67
145,188 01
Total Assets ......................... $3,737,08541
Capital Stock, common $820,00000
Capital Stock, preferred 1,180,000 00
FundedDebt 1,120,000 00
BillsPayable 263,816 00
Accounts Payable.
Profit and Loss . .
76,902 16
276,367 25
Total Liabilities $3,737,08541
Funded debt consists of :
Second mortgage, 6 per cent. 20-year bonds, due 1889, interest January and July ....................... $300.000
Kquipm. nt I) percent. 10-year bonds, due 1888, interest February and August .......................... 150.000
Consolidated mortgage 5 per cent, 30-year bonds, due 1910, interest April and October ................... 300,000
I):iiit)iiry Branch, 5 percent, bonds, due 1912 .............. ........... ................................. 70,000
Consolidated mortgage 4 per cent. 30-year bonds, due 1910, interest April and October .................... 100,000
Rolling Stock Certificates, 5 per cent., dated 1881, due 1889 .................................... ........ 200,000
Proceeds of rolling stock certificates were invested in 350 fast freight and 50 coal cars.
Net earnings of cars to September 30, 1886, $52,948.96.
RAILROADS OWNED OR LEASED BY THE HOUSATONIC RAILROAD Co.
BERKSHIRE RAIL.KO AD.— West Stockbridge to State Line of Conn., 21.03 miles ; total track, 25.52
mile.". Clnirtrri'd April 13, 1837 ; road opened December 1, 1842. Leased January 11, 1843, at an annual rental of
$42,000. Receipts for 1885-86, including miscellaneous income, $42.445.15. Sundry expenses and taxes, $9,921.38.
miie, 832528.77. Dividends paid (5.41 per cent.), $32,4'.t7.92. Surplus for year, $25.85. Capital stock,
$600.000; unfunded debt, $245.07; profit and loss, $14,253.82— total. $614,498.89. Contra: Construction, etc.,
(600.000 ; other Investments, $0,000 ; sundry assets, $8,498.89. Dividends tire payable at Stockbridge, Mass.,
quarterly, January. April and July, each 1* per cent. The October dividend is mostly absorbed in paying tnxes
a* above. LORINO Q. ROBBINS, President, Great Barrington, Mass.; Daniel R. Williams, Sec. and Treas., Stock-
"
STOCKBRIDOE AND PITTSFIELD RAILROAD.— Vandeusenville to Pittsfleld, 22.93 miles ;
total truck. : rlmiJ'Tcil March 20, 1847; road opened January 1, 1850. Leased on completion at a
rental of $31,409 annually. li<v.-i|it* for 18S.VO, including miscellaneous income, $31,647; sundry expenses and
taxes, 87.174.4t). Net income, $24,473.5:!. Payments : Interest on note, $67.79 : dividends ($5.43 per cent.. Janu-
ary and July), $84,862.18. Surplus for year. $42.60. Capital stock, $148,700 : accounts, etc., $742.16 ; profit and
.: • total. $4.Vi.i". ."i!i. Contra: Construction, etc., S448,"00 ; other investments, $2,550; sundry assets,
S1.007..VI. Dividends paid at Stockbridge, Mass., January 1, and July 1, each at rate of 3^ per cent., but taxes are
aediiclcd from January dividend. This romp-my paid its first dividend July 1, 1850, 3i percent. Since then it
baa paid 72 regular semi-annual dividends, maVmj; 73 in all, aggregating, exclusive of United States taxes, 324.28
• D. K. WILLIAMS, Prerident; D. A. Kimball, Secretary and Treasurer, Stockbridge, Mass.
POOR'S MANUAL OF RAILROADS. 45
•WEST STOCKBRIDGKE RAILROAD.-West Stockbridge to State Line of New York, 2 64 miles ;
total track, 5.02 miles. Chartered April 5, 1836 ; opened August 10, 1838. Leased to the Honaatonic and the bos-
ton and Albany KR. Companies at a rental of $1,860.83. Income account, 1885-86: Rental, $1,88696; other re-
ceipts, $50.62— total, $1,937.58. Expenses and taxes, $322.72. Net income, $1.614.86. Dividend April, 1886, 4
per cent., $1.584. Surplus, $30.66. Capital stock, $39,600 ; profit and loss, $1,198.47— total, $40,798.47. Cost of
road and equipment, $39,600 ; stocks, etc., $879.69 ; other assets, $318.18-total, $40,798.47. GEOINJE II. POWER,
President, Hudson, N. Y.; Henry W. Tall, Treasurer, Pittsfleld, N. Y. COBPOHATE OFFICE, Pittsfield, N. Y.
Directors Housatonic RR. Co., elected February 22, 1887.
William H. Barnum.Lime Rock, Ct.
William E. Downes. Birmingham, Ct.
A. B. Mygatt New Milford, Ct.
Horace Nichols Bridgeport, Ct.
William D. Bishop. . .Bridgeport, Ct.
F. A. White New York, N. Y.
H. Y. Leavitt New York, N. Y.
Henry A. Hentz Brooklyn, N. Y.
D. W. Plumb Birmingham, Ct.
WILLIAM H. BARNUM, President Lime Rock, Ct.
Treasurer and Secretary— C. K. Averill. Bridgeport, Ct. | Superintendent— Henry A. Bishop Bridgeport, Ct.
PBINCIPAL OFFICE AND ADDRESS Bridgeport, C. .
KNOX AND LINCOLN RAILROAD COMPANY.
Line of Road.— Bath, Me. , to Rockland, Me 50 miles.
Sidings and other tracks, 4 miles. Gauge, 4 ft. 8i in. Rail (steel, 23 miles), 56 Ibs.
History. — Chartered in 1868 ; road opened in November, 1871. During 1886 the road
was extended farther inlo the city of Rockland, and a new station erected. The cost of the
extension was limited to $25,000, and its payment was to be spread over the earnings of
1886, 1887 and 1888. At the last annual meeting a committee was appointed to consider
the advisability of leasing or selling the road.
Rolling Stock. — Locomotive engines, 6. Cars — passenger, 10 ; baggage, 3 ; saloon, 2 ;
freight (box, 60 ; hay, 11 ; stock, 1 ; platform, 31), 103— total, 118. Also, 4 shifting, 2 snow-
plows, 1 flange scraper, 13 push and 13 hand cars.
Operations for year ending September 30, 1886. — Trains run (passenger, 66,706 ; freight,
36,651; other, 11,088), 114,445 miles'. Passengers carried, 87,128; carried one mile, 2.130,-
660. Tons of freight moved, 47,610; moved one mile, 1,710,058. Earnings — passenger,
$80,182.12 ; freight, $55,987.71 ; mail and express, $9,374.60— total ($2,983.55 per mile),
$146,438.80. Operating ($2,131.14 per mile), $104,426. Net earnings (34.85 per cent.), $42,-
012.81 ; add cash and fuel, etc., from last year, $4,464.18 ; temporary loan, $10,000 (account
Rockland Extension)— total, $56,476.99. Paid to the cities and towns, $40,000 ; on account
extension at Rockland, $7,970.04. Interest on loan, $326.67. Balance, $8,180.28— repre-
sented by cash on hand, $8,180.28 ; due from Arctic Ice Co., $498.75.
Financial Statement, September 30, 1885.— Capital stock, $364,580 ; city and town
bonds (interest paid by same), $2,395,000, temporary loan, $10,000— total, $2,769,580. Per
contra : Cost of road, $2,579,532.54 ; rolling stock, $125,300 — total, $2,704,832.54 ; materials,
$2,481.52; other property and assets, $54,085.06; cash, $8,180.28— total, $2,769,580.
Of the capital stock, $275,000 are held by cities and towns on the line of the road. The
bonds are secured by mortgage, and consist of three issues, the first ($1,270,000) dated July
1, 1869, and payable in equal annual payments, beginning July 1, 1880, to July 1, 1899. The
second issue ($475,000) is dated March 1, 1871, and due March 1, 1891. The third issue
($650,000) is dated February 1, 1872, due February 1, 1902. " The directors cannot state the
amount of bonds issued in aid of the company now outstanding, as most of the cities and
towns have made much progress in refunding their b}nds at a lower rate of interest."
Directors (elected [1st Wednesday] December 3, 1886). — John T. Berry, Francis Cobb,
George W. Kimball, Rockland, Me.; E. K. O'Brien, Thomastou, Me.; Edwin 0. Clark,
Waldoboro', Me. ; D. W. Chapman, Damariscotta, Me.; Eben Ha^gett, New Castle, Me. ; Henry
Ingalls, Wiscasset, Me.; Jas. W. Wakefield, John R. Kelley, John G. Richardson, Bath, Me.
JOHN T. BEBKY, President Rockland, Me.
Treasurer— F. H. Low Bath, Me. I Clerk— John G. Richardson .Bath, Me.
Sup. and G. F. and T. Agent- -W. L. White Bath, Me.
PBIXCIPAL OFFICE AND ADDRESS Bath, Me.
46 POOR'S MANUAL OF RAILROADS.
LAMOILLE VALLEY EXTENSION RAILROAD COMPANY.
Line of Road.— Rouse's Point, N. Y., to Maquam, Vt 12 miles.
Sidings, etc., 2.1 miles. Gauge, 4 ft. 8* in. Rail (steel), 56 Ibs.
History.— Road opened January 1, 1884, and leased in perpetuity to the Ogdensburg
and Lake Cbamplain RR. Co., at an annual rental to be equal to interest on bonds aud sink-
ing fund sufficient to retire same at maturity. Following the change of control of the
Ogdensburg and Lake Champlain RR. Co. in 1884, an injunction was granted by the Supreme
Court of New York on the petition of certain holders of the income bonds of that company,
restraining the further payment of this guaranteed rental, and the operation of the road was
nhortly after suspended. Later information refused.
Financial Statement.— Funded debt, 6 per cent. 50-year mortgage bonds, due January 1,
1933, interest January and July, $350,000; current accounts, $25,261.56— total, $376,221.56.
Cost of road, etc., $376,221.56.
WALTER L. FROST, President Boston, Mass.
Treasurer- Wm. P. Fairbanks St. Johnsbnry, Vt. ' Secretary— A. B. Jewett St. Johnsbury, Vt.
PRINCIPAL OFFICE AND ADDRESS St. Johnsbury, Vt.
LANCASTER RAILROAD COMPANY.
Line" of Road.— Lancaster, Mags., to Hudson, Mass. ---- ................... 8.40 miles.
History.— Completed in 1873. Has never been operated, the lease to the Fitchburg and
the Worcester and Nashua RRs. not having been carried out.
Financial Statement, September 30, 1882 (latest furnished).— Capital stock, $124,920 ;
funded debt, $47,000, and floating debt, $58,528.48 ; total liabilities (representing cost of
road), $230,448.48. The bonds are 1st mortgage 6s, due in 1922.
On the 28th of November, 1883, this road was sold under foreclosure and purchased by
Robert Codman, of Boston, Mass., as the representative of the late P. B. Brigham, the largest
stockholder, and he has since purchased all outstanding bonds and settled most of the claims
for land damages.
PRINCIPAL OFFICE AND A.DDRESS ............................... Lancaster, Mass.
MAINE CENTRAL RAILROAD COMPANY.
Main Line of Road.— Portland, Me., to Bangor, Me ...................... 136.60 miles.
( Wfiterttile : Cumberland Junction t> Skowhegan ......... 90.70
Branches : •< Lewiston : Crowley's Junction to Lewiston ............... 4.70
( Farmington : Bath to Farmington ....................... 71 .20 — 166.60 miles.
f Belfast and Moosehead Lake RR ........................... 33.10
Dexter and Newport tilt .......................... ....... 14. 00
Leased : \ European and J^ort/i American My ........................ 117.10
I Eastern Maine RR ....................................... 18.10
L Maine Shore Line RR ................. . .................. 49.50—231.80 miles.
Total operated October 1, 1886 (owned, 303.20 ; leased, 231.80) ............ 535 .00 miles.
Sidings, etc. (owned, 64.91 ; leased, 31.14), 96.05 miles. Gauge, 4 ft. 8£ in. Rail (steel,
owned. 240.60 ; lea-ed, 155.26 miles), 58 and 60 Ibs.
History.— The Maine Central Railroad Company was formed, October 28, 1862, by the
consolidation of the Androscoggin and Kennebec and the Penobscot and Kennebec Railroad
Companies. For full historical sketch of all lines now composing the Maine Central road, see
MANUAL for 1885, pp. 6 and 7, In addition to its lines of railroad, as above, this company
controli* tte Portland, Mt. Desert and Macbiasport Steamship Co.
Uolliiiir Stock.— Locomotive engines, 87. Car* — passenger, 90 ; baggage, mail, etc., 45;
freight (ix>x, etc., 714 ; platform, 905), 1,619— total revenue cars owned, 1,754. Also 45 ser-
vice car*, 19 snow-plows, 14 flange-scrapers, 42 4-\vh. platform construction cars, 50 4-wh.
dump cars and 49 leased platform and 50 leased box cars.
Operations for year ending September 30, 1886.— See tabulated statement below.
POOR'S MANUAL— MAINE CENTRAL RR. CO.
47
Earn 'ngs.— Passenger $1,204,852 24
Freight 1,585, -164 12
Mail 101,164 02
Express 45,000 00
Miscellaneous 3,995 71
Expenses.— Transportation $408,202 15
Motive Power 497,443 38
Maintenance of Cars 105,044 ID
Maintenance- Way & Buildings. 532,644 44
General . 217,345 97
Total ($5,609.49 per mile) $3,001,076 09 Total ($3,403.25 per mile) $1 ,820,740 13
Net earnings (39.33 per cent.), $1,180.335.96 ; receipts from rents, wharfage, etc., $7,-
400.41— total, $1,187,736.37. Payments: Interest, $707,129.66; rent, E. and N. A. Ry.,
$125,500 ; B. and M. L. Ry., $36,000 ; D. and N. RR., $18,000 ; E. M. Ry., $9,500 ; dividends
(No. 8, Feb. 15, and No. 9, Aug. 15, 1886, 3 per cent, each), $215, 598— total, $1,111,727.66.
Balance — surplus for year, $76,008.71. Add surplus from last year, $115,133.34; premium
on bonds sold, $17,760 ; unclaimed freight sold, $42.29— total, $132,935.63; against which was
charged $1,360, paid for bond No. 360, 12 coupons "Bangor Loan," and $8,739.13 for ex-
penses of previous years — leaving net surplus as per general balance, $198,845.21.
Statement of operations, capital account, etc., for eight years :
1879
1880
1881*
1882
1883
1884
1885
1886
Miles of Railroad Owned. . .
Miles Operated (average). ..
Miies of Track Owned
307.50
855.00
357.17
52.37
58
58
25
1,119
526,899
390,454
1,194,478
553.364
20,441,291
3'.ffi,107
27,652,047
$
610.435
793,699
104,253
306.80
355.00
357.17
74.50
57
58
25
1,123
572,177
404,776
1,287,131
714,974
36,097,770
451,53.
32,437,426
$
730,568
890,733
98,721
303.20
350.30
a57.85
108.60
58
62
28
1,187
610,217
454,875
1,392,900
760,7!'4
a8,544,i33
515,946
36,695,213
$
772,833
1,003,854
100,392
303.20
350.30
361.32
152.00
59
66
28
1,140
6-11,471
465,496
1,446.238
934,738
34,947,396
556,166
38,900,518
$
895,989
1,067,715
113,3^0
303.20
472.20
358.85
200.10
74
86
36
1,938
842,397
745,073
2,148,679
1,150,987
45,302,055
777,489
63.782,431
$
1,147,207
1,541.961
146,327
303.20
490.60
362.65
240.60
82
93
38
1.825
925,345
743,540
2.314,163
1,214,380
49,615,166
758,937
61,632,003
$
1,197,413
1,475,845
143,114
303.20
527.46
371.21
240.60
84
92
41
1,750
964,508
764,430
2,379,404
1,198,250
48,343,b95
788,a50
66,503,893
1
1,190,074
1,502,458
147,247
303.20
535.00
368.11
240.00
87
90
45
1,619
980,017
789,144
2,492,336
1.268,409
51,178,227
8C3.711
72,972,522
$
1,264,»52
1,585,464
150,760
Miles of Steel Rail Owned..
Locomotive Engines
Passenger Cars
Baggage, etc., Cars
Freight Cars
Passen<'er Train Miles
Freight Train Miles
Total Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (tons) Miles
Passenger Earnings
Frei"ht Earnings
Express, Mail, etc
Gross Earnings
1,508,377
869,979
1,720,053
1,067,149
1.877,079
1,229,357
2,077,094
l,359,3i 3
2,835,495
1,839,707
2,816,372
1,750,713
2,a39,779
1,730,902
• 3,001.076
1,820,740
Gross Expenses and Taxes.
Net Earnings
638,398
10,160
652,903
6,660
647,722
8,656
717,721
5.308
995,788
29,12)
1,065,659
10,421
1,108,877
7,828
1,180,336
7,400
Other Receipts
Available Revenue
648,558
54,000
569.179
3,726
659,563
54,000
569,058
1,013
656,378
54,000
570,467
723,089
54,000
569,542
1,024,909
182,938
644,146
1,076,080
189,000
661,395
1,116,705
189,000
701,767
1,187,736
189,000
707,129
Lease Rentals
Bond Interest
Dividends . . .
(2) 71,822
27,725
5,929 47
3,870 59
2,05888
65.45 p. c.
2.50 c.
2.75 c.
8
3,620,100
800
(5i)197,523
282
6,00484
3,896 03
2,10881
64. 88 p. c.
2.53 c.
2.42 c.
$
3,620,100
700
(6) 215,532
10,153
5,671 M
3,525 39
2,14591
62. 16 p. c.
2.42 c.
2.39 c.
$
3,620,100
700
4,600
10,491,600
9,092
852.891
121,401
(6) 215,541
10,397
5,383 80
3,281 58
2,102 29
60.95 p. c.
2.46 c.
2.46 c.
$
3,620,100
7tO
4,600
11,154,1)00
9,09.
660,090
115,133
(6) 215,5!'8
76,009
5,609 49
3,403 25
2,206 01
60. 67 p. c.
2.47 c.
2.17 c.
s
3,620,100
300
Surplus
21,652
4,249 55
2,450 99
1,798 56
57. 68 p. c.
2.99 c.
2.87 c.
$
3,620,100
800
35,492
4,845 81
2,978 90
1,806 91
61.46 p. c.
2.79c.
2.74 c.
$
3,620,100
800
31,911
5.358 49
3,5(19 44
1,84905
63.43 p. c.
2.70 c.
2.74 c.
$
3,620,100
800
Gross Earnings per Mile . .
Gross Expenses per Mile . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass. p. Mile . .
Av. Rate p. Ton per Mile. . .
Stock and Stock Bonds
P. & Kennebec RK. Stock..
P. & K. 1st Mortgage Bonds
Funded Debt
8,704,219
11.693
21,731
328,309
8,703,476
10,892
23,492
361,431
8,703,223
10,392
41,8')8
374,793
8,702,591
!t,892
351,561
142,965
9,700,600
9,592
1, 032,223
120,982
11,125,400
8,i(92
744.6'.:0
198,845
Interest Scrip
Notes, Accounts, etc
Profit and Loss
Total Liabilities
Maine Central RR
Androscoggin RR. Lease...
European & N. A. Ry. Lease
Equipment
12.686,851
10,018,152
708,333
12.120,191
10,016,642
768,333
12,751.166
10,016.642
768,333
12,827,809
10,044.817
768,333
14,484,197
10,049,780
768,333
1,000.000
1,651,210
15,100,444
10,050,969
768.333
1,000:000
1,076,210
786,111
23,736
412.480
418,710
15,565,215
10,063,586
768,333
1,000,000
1,926,557
816,455
130,040
375,339
477,420
15,698,327
10,115,472
768,:-s33
1,000,000
I,'.r2i,5f.7
876,199
130,4feO
321,9.2
558,514
1.658,541
1.658,541
1,652.141
1,651,991
Maine Shore Line l!onds,»;tc
Stocks, Bonds, & other Inv.
Supplies and Materials
Accounts and Cash
16,194
106,547
119,083
2;;,005
172.037
78,833
20,000
188,336
105,714
24,700
262,219
75,689
9,700
413,447
591,727
Total Assets . . .
12,686,851
12,720,191
12.751,166
12,827,809
14,484,197
15,100,444
15.505,215
15,698,327
* The figures for 1881 are for nine months ending September 30, and last three months of 1880. All preced
ing years ended December 31.
48
POOR'S MANUAL GF R \ILROADS.
General Balance Sheet, September 30, 1886.
Construction Account $10,115,471 99
Equipment 1,926,55736
Androscoggin Railroad Lease
European and N. A. Railway Lease
Maine Shore Line
New Repair Shops, Waterville
Amount In Sinking Fund
Stocks Owned
Material*, etc. ($321,972.39), and Agents.
Account*, §100,7118.04 ; Cash, $231,229.68.
$10 115 471 99
Capital Stock
.... $3,603,300 00
1 926 557 36
Stock Bonds
16,800 00
768,333 33
Funded Debt
11,125,400 00
1 000000 00
Interest Scrip and P. & K. Stock....
9,292 00
876 998 89
Notes Payable
57,035 00
67605 53
Unpaid Coupons and Dividend*
32,407 04
SO 4i5 00
Interest and Rents Accrued
370,804 42
130,480 00
Accounts Payable ....
43,614 18
890,427 11
Bills Audited
240,82908
392,027 72
Profit and Loss
198,845 21
JM5.698.326 93
Total Liabilities...
...815.098,326 93
Annual meeting, third Wednesday in December.
Statement of funded debt September 30, 1886 :
Classes of Bonds.
Issued.
Interest.
Mature.
Provided.
Afloat.
Charges
Maine Central Loan
July 1, 1868
Oct. 1,1870
Jan. 1, 18fX)
April 1, 1872
April 1, 1872
April 1, 1865
July 1, 1866
July 1, 1871
18G9
June 1, 1883
Feb. 1, 1884
Feb. 1, 1835
7 p. c. Jan. & July.
6 " April & Oct.
6 " Monthly.
April & Oct.
5 " " "
6 " " "
6 ' J.,A.,J.&O.
6 ' Jan. & July.
6 ' "
5 ' June & Dec.
5 ' Feb. & Aug.
6 "
6 " June & Dec.
July 1, 1898
Oct. 1, 1900
Aug. 1, 1890
April 1, 1912
April 1, 1912
April 1, 1S95
July 1, 1891
July 1, 1896
Jan. 1, 1894
June 1, 1923
Feb. 1, 1894
Feb. 1, 1905
June 1, 1923
$1,100,000
500,000
1,100.000
J-9.COOOOO{
1,500,000
4->5,000
as3,ooo
1,000.000
$756,800
406,500
1,100,000
3,906,9fO
260,500
1,106,700
425,000
633,000
1,000,000
694,000
58,000
599,000
20,000
$52,976
29,790
66,000
273,483
13.475
70,002
25,500
37,980
60,000
34,700
17.900
35.940
1,200
Maine Central Extension (gold)..
Maine Central Old Loan (A. & K.)
* Maine Central Congo). Loan
Maine Central Consol. Loan. . . .
P A K. Consol. Loan
A. HH. Bath City Loan
Leeds* and Farm. 1st M
tBangor City Loan
Maine Central Collateral Trust ..
Maine Central Debentures
Maine Central Sinking Fund
Maine Shore Liiu: l^t Mtgc Bds. .
600.000
Total
$11,125,400
$717,746
* Interest on this loan is payable on the first of each month; the bonds mature from August 1, 1890, to Sep-
tember 1, 1S91.
t The Bangor City Loan was issued to aid in the construction of the European and North American Ry. and
is a lien on the portion of that line extending from Bangor to Winn, 55 miles. By the terms of the lease the M.
C. RR. Co. assume this issue, together with $19,000 old first mortgage bonds of same company, vhich became
due Augu4 1, 1883, and were paid off.
The consolidated bonds of 1872-1912 are divided into four classes, A, B, C & D. Of Class
A there are outstanding $975,000; Class B, $1,524,000; Class C, $1,567,400; Class D,
$110,000. Class B will be further increased by the consolidation of the Maine Central
issues; Class C by the Portland and Kennebec bonds and stocks ; 'and Class D by the
AndroKCoggin and the Leeds and Farmiugton issues. The trustees are to reserve an amount
sufficient to retire all other issues. Bonds of Class A are also reserved for the purchase of
equipment and the funding of the floating debt.
Interest on bonds is payable at the Treasurer's oifice and First National Bank, Portland,
Me., and Second National Bank, Boston, Mass., except on City of Bangor bonds, which is
payable at Merchants' National Bank, Boston.
The new sinking fund bonds of 1905 were issued to provide means for payment of floating
debt incurred during recent years in increasing equipment, and for various improvements.
DIVIDENDS.— The Maine Central Railroad Co. has paid since its organization the following
dividends: May 12, 1870, $22.53 per share in scrip ; August 15, 1882, 2 per cent.; February
183, 2$ per cent.; August 15, 1883, 3 per cent.; February 15, 1884, 3 per cent.; August
15, 1884, 8 per cent.; February 15, 1885, 3 per cent.; August 15, 1885, 3 per cent.; February
15, 1886, 8 per cent.; August 15, 1886, 3 per cent.
RAILROADS LEASED OR OWNED KY MAINE CENTRAL RR. Co.
, ...
mtract tm eoutraction of road from Belfast to Newport, was let July 8. 1808, hut on July 12, 1808 il was
m.HliI ,-, . rhnnKiiiK terminus to Bnrnham. Road completed in September. 1870, but M. C. RR Co refused 5
n-nn' ,f -„" ', ',r f'r, nTv^v H,' 1^^" ^ °" ^>ril ~7' 1871' a new lease was »'ade to th* M C RR Co fora
May 10, 1871, at an annual rental of $36,000, payable semi-annually May 10 and November
POOR'S MANUAL OF RAILROADS. 49
Brooks 200 shares of non-preferred. The subscription contract with all subscribers to stock is conditioned that —
" No mortgage or olher encumbrance shall ever be placed upon the road." The preferred stock has preference
for dividends up to 6 per cent., then the non-preferred is entitled to 6 per cent., after which both share equally.
Up to May, 1878, the rental was applied to the payment of interest on bonds uud debt, th<! liquidation of floating
debt, and the reduction of the loan note. From May, 1878, to May, 1882, inclusive, it was applied to payment of
interest on bonds, semi-annual dividends of 2J!f per rent, each on preferred stock and accumulation of sinking
fund. In November, 1882, the sinking fund amounted to §26,033.24, and in that month the company suspended
the payment of dividends. In the litigation which ensued, individual preferred stockholders claimed to be entitled
to semi-annual dividends of 3 per cent, each, and to be exempt from the burden of interest and principal of
indebtedness, the City of Belfast claiming that indebtedness (principal and interest) is a common burden on
both classes of stockholders, and that balance of earnings after payment of interest and expenses should be with-
held by company to pny the principal of the company's indebtedness at maturity. In August, 1883, a decision
was given by the Supreme Judicial Court of Maine sustaining this latter view. On January 13, 1886, the stock-
hoi ders voted to establish a sinking fund into which shall be paid all the rental received during the ensuing five
years, for the retirement of the bonds at maturity. ISAAC M. BOAKDMAN, President; John H. Quimby, Treas-
urer, Belfast, Me.
DEXTER AND NEWPORT RAILROAD.— Newport to Dexter, Me., 14 miles. Sidings, 0.5 mile.
Chartered March 30, 18E3 ; road opened November 25, 1868. Leased December 1, 1868, for 30 years from > ovem-
ber 25, 1868, to the Maine Central, at an annual rental of $18,000. Rental, 1886, $18,000 ; surplus from last year,
$693.33 ; available revenue, $18.893.33. Payments : Interest on bonds, $10,500 ; dividends, 6 per cent., $7,320 ;
sundry expenses, old accounts, etc., $884.43— total, $18,704.43. Balance, surplus, $188.90. Capital stock, $122,-
000 ; funded debt, $175,000 ; surplus, $188.90— total liabilities, $297,188.90. Cost of road, etc., $297,000 ; other
assets, $188.90. Tim funded debt consists of $125,000 Town of Dexeter and $50,000 Town of Corinna bonds, both
issues running for 30 years from September 2, 1867, and interest payable in Dexier, Portland and Boston on
March 2 and September 2. Dividends payable in Dexter, March 2 and September 2. C. H. SHAW, President ;
George Hamilton, Treasurer ; Josiah Crosby, Secretary, Dexter, Me.
EASTERN MAINE RAILROAD.— Bangor, Me., to Bucksport, Me., 18.80 miles ; total track, 20.68
miles. Gauge, 4 ft. 8i inches. Rail, 56 Ibs. Chartered as Bticksport and Bangor RR. in 1871. Road opened Decem-
ber 12. 1874. Leased on opening to European and North American Ry. Co. at 40 per cent., of its gross earnings.
In November, 1876, the rental was reduced to 35 per cent. The company making default on its first mortgage 7
per cent, bonds, amounting to $380,500, the road was sold under foreclosure in March, 1879, ami purchased on
account of the bondholders, who reorganized the company under its present name February 1, 1882. On the first
of May, 1883, the road was leased in perpetuity to the Maine Central RR. Co. at an annual rental of $9,500.
Rental, 1836, $9.500 ; expenses, $500 ; net income, $9,000. Paid dividends, 4± per cent., $9,000. Rolling stock
not Included in lease. In 1885 the capital stock was decreased from $551,690 to $200,000. The original cost of the
road was $615,096.52. EUGENE HALE, President, Ellsworth, Me.; G. W. Kiniball, Treasurer, Rockland, Me.; L.
A. Emery, Secretary, Ellsworth, Me.
EUROPEAN AND NORTH AMERICAN RAILWAY.-Bangor, Mo., to Vanceboro', Me.
(steel). 114.10 miles. Chartered August 20, 1850 ; road opened in 1871 ; leased in perpetuity April 1, 1882, to the
Maine Central RR. Co., at an annual rental of $125,000. A grant of about 500,000 acres of land was donated to
the company by the State of Maine in 1868. In December, 1809, the European and North American Railway of
New Brunswick was completed, and in December, 1872, the two roads, forming a continuous line from Bangor,
Me., to St. John, N. B., 205.5 miles, were united under one management. In 1875, default in interest having
been made, the companies separated. The New Brunswick division was reorganized as the St. John and Maine
Railway. The Maine division was surrendered October 2, 1876, to the trustees of the land grant mortgage, by
whom proceedings for its foreclosure were begun September 1, 1877, and terminated October 4, 1880, when a new
company, with the name of the old, was formed under the laws of the State of Maine, which provide that mort-
gage bondholders of railrqads, upon foreclosure of the mortgage, may become stockholders in a new company
under the old franchise, to corresponding amounts. The total amount of land grant bonds outstanding at the
date of present company's organization was $2,000,000 ; overdue interest on the same, $GfiO,000— a total of $2,660,-
000, of which all but $12,000 had been converted into stock up to September 30, 1886, or retired by the operation
of the sinking fund. Capital stock, $2,487,300 ; land grant bonds and coupons, $12,000— total, $2,499,330. Con-
struction, $3,255,570.23. Under the lease to the Maine Central RR. Co., the latter assumed payment of the $1,-
OOO.OiK) Bangor City bonds and the $19,000 first mortgage bonds. The latter issue has since been retired. The.
rolling stock was transferred to lessee. Dividends (each 2i per cent, on total capital stock of $2,500,000) paid at
office of treasurer, on April 1 and October 1. NOAH WOODS, President; A. T. Thompson, Treasurer; Charles P.
Stetson, Clerk, Bangor, Me.
MAINE SHORE LINE RAILROAD.— Penobscot Switch, Me., to Mount Desert Ferry, Me., 41.7
miles. Length including ferry, 48.66 miles. Chartered March 4, 1881 ; charter amended January 24, 1883. Au-
thorized to construct % railroad from some point on the St. Croix River in Calais to Bangor. Of this line there
was completed and opened June 23, 1884, the section as above. This section, known as the Mount Desert Branch
of the Maine Central RR., was built by the latter company under the terms of a perpetual lease, dated July 16,
1883. By this lease it was siipulated that the Maine Central Co. should receive from the Maine Shore Line Co.
bonds to an amount not to exceed $750,000, secured by a mortgage on this line of road. These bonds, which bear
6 per cent, interest, payable June and December, and mature in 40 years, are deposited with the American Loan
and Trust Company of Boston as security for an issue of a like amount of Maine Central collateral trust bonds,
payable in 40 years, and hearing 5 per cent, interest. The Maine Central RR. Co. assumes the payment to the
Trust Co. of the interest, on the Maine Shore Line bonds. From the amount thus received the Trust Co. is to piiy
the interest on the Maine Central 5 per cent, collateral trust bonds, and to apply the remaining 1 per cent, to a
sinking fund to retire said collateral trust bonds. When these bonds shall have been so retired, the tiile to this
branch road will become vested in the Maine Central RR. Co. Capital stock ($10,000 per mile authorized), $390,-
000 ; funded debt, $750,000— total, $1,140,000. Cost of road, $390,000; other investments, $750.000. The portion
of this road extending from Hancock to the St. Croix River has been surveyed, and will probably be constructed
by the Maine Shore Line RK. Co. JOSEPH N. GBEENE, President, Bangor, Me.; H. E. Hamlin, Treasurer;
L. A. Emery, Secretary, Ellsworth, Me.
Board of Directors Maine Central RR. Co., elected December 15, 1886.
Darius Alden Augusta. Me. j T. W. Hyde Bath, Me. George C. Lord Boston, Mass.
Nathaniel J. Bradlee. .Boston, Mass. | Frank Jones . . .Portsmouth, N. H.
Amos Paul . .^ Boston, Mass.
William G. Davis Portland, Me. I Horatio N. Jose Portland, Me. I Jas. S. Ricker Deering, Me.
Francis W. Hill Exeter. Me. I Samuel C. Lawrence.. Boston, Mass. | Arthur Sewall Bath, Me.
John Ware Boston, Mass.
ARTHUR SEWALL, President Portland, Me.
Payson Tucker, Vice- President and General Manager Portland, Me.
Treasurer— Joseph A. Linscott Portland, Me. | Secretary— J. H. Drnmmond Portland, Me.
PRINCIPAL, OFFICE AND ADDRESS Portland, Me.
4
50
POOR 8 MANUAL OF BAILROADa
MANCHESTER AND LAWRENCE RAILROAD COMPANY.
Main Line of Road.— Manchester, N. H., to Mass. Line 22.39
Leased.— Methuen Br., B. d M. RR.: N. H. Line to Lawrence, Mass 3.75—26.14 miles.
Sidings, etc., 5.29 miles. Gauge, 4 ft. 8£ in. KM! (steel, 2 miles), 56 Ibs.
History.— Chartered June 3, 1847 ; road opened November 13, 1849 ; operated jointly
with the Concord RR., both companies being entitled to the same rate of dividends.
Rolling Stock.— Placed in trust with the Concord RR. Co. when traffic contract was made.
Of all rolling stock added to the equipment of the Concord RR. Co. since that time this com-
pany owns two-fifths.
Operations for year ending March 31, 1886.— See comparative statement.
Earning*.— Passenger $63,964 08
Freight 85,03667
Mail, Express, etc 14,21916
Total (84,381 .29 per mile) $113,219 91
Concord RR. (joint business) . . . 64,582 17
Total ($6,801.92 per mile) $177,802
Expenses.— Maintenance Way and Structures $20,887 41
Transportation, etc 24,045 83
Salaries... 3,43338
Total ($1,850.29 per mile) $48,306 62
State Taxes 17,865 83
Total ($2,533.76 per mile) $66,232 45
Net earnings (62.75 per cent.), $111,569.63. Rental Methuen Branch, $11,000 ; dividends
(May and November, each 5 per cent.), $100,000; balance, surplus, $569.63; surplus from
last year, $99,951.37 ; total surplus, $100,521.
Statement of operations for eight years, ending March 31 :
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Mile«
50,388
50 879
49,981
49,067
50,781
54,196
49,716
51,641
Freight Train Miles
19,644
19512
19,448
22,517
21,653
22,157
21,713
19.473
Passengers Carried
120,906
135 219
156,258
155,088
169,262
206,394
191,7115
1 S3. 104
Passengers Carried One M . .
Freight (tons) Moved
Freight (ton) Miles
1,805,268
57,40S
994,941
2,003,814
71,443
1,271 709
2,492,716
100,203
1,486,651
2,306,977
78.976
1.5:4,688
2,309,582
57,320
1,039,861
2,415.141
68.656
1,318,103
2,378,188
60,439
1,046,532
2,322,751
57,8SC
1,020,362
Oros? Earnings
$
95,036
$
108 317
$
123,895
$
131,056
$
121,809
$
125,032
$
119,696
$
113,220
Expenses and Taxed
53,587
64,152
58,201
68,648
69,242
71,419
62,769
66,232
Net Earnings ...
41 449
44 165
65 194
62408
52 567
53 613
56,927
46,988
Concord RR. (joint
69,902
67 581
62,246
68792
58.689
5.8,055
54,883
64582
Available Revenue
111 411
111 746
127,440
131 200
111 256
111 668
111 810
111 570
Rents and Dividends Paid . .
111,000
111,000
111,000
111,000
111,000
111,000
111,000
111,000
General Balance SJwet, March 31, 1886.
Capital Stock $1,000,000 00
Interest 15,846 95
Dividends Unpaid 7,634 50
Dividends May 1, 1886 50,000 00
Income and Expenses *. 100,521 00
Construction $1,000,000 00
Hooksett Branch 18,000 00
Stocks 45,74000
Telegraph and Car Account 4,770 35
Cone., Man. and Lawr. RR. Line 82,000 00
Cash on Hand and other Assets 73,492 10
Total Assets $1,174,002 45 Total Liabilities $1,174,002 45
The item of $18,000 charged to Hooksett Branch represents this company's proportion
(two-fifths) of the cost of constructing the Hooksett Branch of the Concord RR.
Directors (elected May 28, 1886).— B. F. Martin, Nathan Parker, Manchester, N. H. ;
Edward A. Abbott, W. A. Tower, Boston, Mass.; Jos, W. Smith, Andover, Mass.; John A.
\Vliite, William P. Fowler, Concord, N. H.
B. F. MARTIN, President . .Manchester, N. H.
Treasurer— Geo. B. Chandler Manchester N H
. N. Boll Manchester,' N! H!
Superintendent— H. E. Chamberlain Concord, N. H'
. Asst. Supt.—i. W. Hildreth Manchester, N. H
PRINCIPAL OFFICE AND ADDRESS Manchester, N. H.
MARTHA'S VINEYARD RAILROAD COMPANY.
Main Lino of Koad.— Oak Bluffs, Mass., to Katama, Mass. . . .8 33
Aatama Branch : Katama to South Beach, Mass 0.45 — 8.78 miles.
Sidings, 0.50 mile. Gauge. 8 feet. Rail, 80 Ibs.
Charti-red in 1874 ; road opened August 24, 1874,
POOR'S MANUAL OF RAILROADS. 51
Rolling1 Stock. — Locomotive engine, 1. Cars — passenger, 3 ; baggage, etc., 1.
Operations for year ending September 30, 1886. — Trains run (passenger), 6,424 miles.
Passengers carried, 19,647; carried one mile, 141,848. Earnings — passenger, $4,546.68;
other sources, $579.77 — total, $5,126.45. Operating expenses and taxes, $4,670.39. Net
earnings, $456.06. Interest accrued, $2,019.39. Balance, deficit, $1,563.33. Surplus from
last year, $29,172.39. Balance, surplus, $27,609.06.
Financial Statement, September 30, 1886.— Capital stock, $40,000 ; funded debt, 1st
mortgage 5 per cent. 10-year bonds, due November 1, 18-4, $40,000 ; current accounts,
$2,032 ; profit and loss, $27,609.06— total, $109,641.06. Per contra : Railroad, $91,512.09 ;
equipment, $14,031 ; real estate, etc., $3,501.63 ; cash and assets, $596.34.
Directors. — E. P. Carpenter, Poxboro', Mass.; J. H. Hills, Newton, Mass.; Laban Pratt,
Neponset, Mass.; Henry Ripley, G. N. Collins, Edgartown, Mass.; N. M. Jernegun, Boston,
Mass.; one vacancy.
E. P. CARPENTER, President .Foxboro', Mass.
Treasurer J. T. Pease. | Agent Q. A. Carpenter.
PRINCIPAL OFFICE AND ADDRESS Edgartown, Mass.
MERLDEN AND CROMWELL RAILROAD COMPANY.
Main Line of Road. — Meriden, Ct., to Cromwell, Ct 10.50
Branch : In City of Merideri, Ct 0.84—11.34 miles.
Sidings, etc., 1.86 miles. Gauge, 4 ft. 84 in. Rail (steel, 13.20 miles), 56 Ibs.
History. — Chartered July 21, 1871 ; road opened April 6, 1885. Built by the merchants
and manufacturers of Meriden, and all paid for in cash. The road will be extended to
Waterbury, Ct., about 20 miles, during 1887.
Rolling1 Stock. — Locomotive engines, 2. Cars — passenger, 1 ; freight (box, 6; platform,
5 ; coal, 40), 51— total, 53.
Operations for year ending September 30, 1886. — Train mileage — mixed, 21,984 ; other,
15,380 — total, 37,364 miles. Passengers carried, 17,233; carried one mile, 107,291 ; average
mile-rate, 2.66 cent?. Tons freight moved, 21,580; moved onejuile, 223,400; average ton-
mile rate, 9.75 cents. Earnings— passenger, $2,857.64; freight, $21,782.49; rents, $131 —
total, $24,771.13. Operating expenses and taxes, $20,374.43. Net earnings, $4,396.70.
Paid interest, $3,261.96. Balance, surplus, $1,134.74; surplus from last year, $1,948.06—
total surplus, $3,082.80.
Financial Statement, September 30, 1886.— Capital stock, $300,000 ; bills payable, $35.-
239.31 ; accounts payable, $15,030.01 ; profit and loss, $3,082.80— total, $373,352.12. Contra:
Construction, $307,533.57; equipment, $37,545.34; real estate, [$6,465.93 ; materials, $7,-
379.76; accounts receivable, $13,494.60; cash, $982.92.
Directors (elected November 9, 1886). — H. C. Wilcox, Charles Parker, Samuel Dodd.
D. W. Parker, George W. Lyon, N. L. Bradley, George 11. Curtis, J. C. Lewis, L. J. Curtis,
C. B. Rogers, Robert Bowman, W. R. McKay, W. F. Rockwell, D. F. Southwick, W. W.
Lyman, E. J. Doolittle, Meriden, Ct. ; Russell Frisbie, Cromwell, Ct.
H. C. WILCOX, President Meriden, Ct.
Vice-President— Charles Parker Meriden, Ct.
Secretary— Q. L. Kockwell .- Meriden, Ct.
Treasurei — A. Chamberlin Meriden, Ct.
General Manager — Geo. L. Rockwell Merideu, Ct.
Auditor— Q. B. Arnold Merideu, Ct.
PRINCIPAL OFFICE AND ADDRESS Meriden, Ct.
MILFORD AND WOONSOCKET RAILROAD COMPANY.
Main Line of Road. — Ashland, Mass., to Bellingham, M;»ss 15.33 miles.
Leased : Milford, Franklin & Providence RR : Franklin to Bellingham, Mass.. . 4.67 miles.
Total length of lines operated September 30, 1886 20JOO miles:
Sidings, etc., 1.60 miles. Gauge, 4 ft. 8i in. Rail (steel, 3.88 miles), 56 Ibs.
52 POOR'S MANUAL OF RAILROADS.
History.— Chartered May 2, 1855. Road opened (Milford to Bellingbam, 3.95 miles),
June 2, 1868, and leased from that date until May 1, 1883, to the Providence and Worcester
RR. Co. Now operated by company. During 1884, the Hopkinton RR., Milford to Ashland,
11.5.") miles, was purchased under authority of an act of the Massachusetts State Legislature.
Rolling Stock. — Locomotive engines, 3 ; Cars — passenger, 4 ; platform, 3 ; other, 1.
Operations for year ending September 30, 1886. — Train mileage — passenger, 53,396 ;
freight, 15,833 ; other, 9,608 — total, 78,837 miles. Passengers carried, 145,316 ; carried
one mile, 939,130. Tons freight moved, 50,625 ; moved one mile, 426,375. Earnings—
passenger, $25,958.24; freight, $23,359.70; mail and express, $2,300.23— total, $51,618.17.
Expenses — maintenance of way, $10,023.73; maintenance of cars, $2,715.76; motive power,
$11,926.23 ; transportation, $10,577.36 ; miscellaneous, $7,449.69— total, $42,68977. Sur-
plus, $8,928.40. Paid interest on bonds, $1,330 ; on debt, $2,872.55— toial, $4,202.55. Bal-
ance, surplus, $4,725.85 ; deficit from last year, $10,4o4.94— net deficit, $5,729.09.
Financial Statement, September 30, 1886.— Capital stock (authorized, $200,000), $148,-
600 ; funded debt 1st mortgage 7s, June 1, 1876-91, interest, June and December, $19,000 ;
bills payable, $49,546.92; current accounts, $4,594.95— total, $221,741.87. Contra: Co.-t of
road, $170,744.33; equipment, $34,450.01 ; materials and fuel, $4,489.62 ; accounts receiva-
ble, $510.07 ; current accounts, $2,805.53 ; cash, $3,013.22 ; profit and lo^-s, $5,729.09.
Interest payable at Milford, Mass. Annual meeting, first Monday in February. Trans-
fer books close 5 days prior to annual meeting. Registrar of stock, the Treasurer of the
Company.
MILFORD, FRANKLIN AND PROVIDENCE RAILROAD.-Franklin to Bellingham, 4.6? ;
total track (xteel, 4.67). 5 miles. Road opened, August 1, 1883. Operated by Milford and Woonsocket RR. Co.
Capital stock, $100,000 ; unfunded debt, $43.50— total, $100,043.50. Contraction, $95,061.35 ; other property,
$4,685.08 ; cash and cash assets, $297.07. JAMES P. RAT, President; Joseph G. Ray, Treasurer, Franklin, Mass.
Board of Directors Milford and Woonsocket RE. Co.
George Draper Hopedale, Mass.
Charles F. Claflin Milford, Mass.
James P. Ray Franklin, Mass. I Wm. F. Draper Hopedale, Mass.
John P. Daniels Milford, Mass. | George E. Armstrong. .Boston, Mass.
GEORGE DRAPEH, President Hopedale, Mass.
Treasurer— James E. Walker Milford, Mass.] Gen'l SupL— W. W. Jenckes Milford, Mass.
PRINCIPAL OFFICE AND ADDRESS Milford, Mass.
MISSISQTTOI VALLEY RAILROAD COMPANY.
Line of Road.— St. Albans, Vt., to Richford, Vt 28.85 miles.
Sidings, 2 miles. Gauge, 4 ft. 8£ in. Rail (steel, 22 miles), 56 Ibs.
History. — The Missisquoi Railroad was built in 1872. In July, 1873, it was leased to the
receivers and managers of the Vermont Central RR. Co., and transferred to the Central
Vermont RR. Co. on its reorganization. By this corporation it was operated until November
15, 1877, when it was surrendered to the mortgage trustees, who operated it till the close of
1886. The cost of the road originally was $720,000, which was partially provided for by an
issue of $500,000 1st mortgage 7 per cent, bonds, due 1891, on which no interest has been
paid since July 1, 1876. No information furnished as to equipment, operations, or financial
condition. The present company was organized in December, 1886, with a capital of $500,-
000, issued in exchange for the bonds and coupons surrendered.
Trustees.— W. C. Smith, St. Albans, Vt. ; Benjamin P. Cheney, Boston, Mass.
Wc-RTniNGTON C. SMITH, President St. Albans, Vt.
Secretary and Treasurer W. Tracy Smith, \8uperintendent T. M. Deal.
PRINCIPAL OFFICE AND ADDRESS St. Albans, Vt.
MONSON RAILROAD COMPANY.
Main Line of Road.— Monson Junction (B. & P. RR.) to Monson Me 6 16
Quarry flnMdl : Monson to Slate Quarries \ 2.00 8.16 miles.
Sidings, etc., 1 mile. Gauge, 2 ft. Rail (steel) SOlbs.
History.— Chartered November 1, 1882. Road opened October 2:\ 1883. An extension
POOR'S MANUAL OP RAILROADS. 53
of the road from Monson Junction to a connection with the Sebasticook and Moosehead Lake
KU. at Wellington is under construction, and one from Monson to Greenville, there to con-
nect with the Canadian Pacific, is proposed. For extension to Wellington and widening
gauge to standard the stock has recently been increased to $700,000.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; box, 4 ; platform, 12 ;
others, 2 — total cars, 19.
Operations for year ending September 30, 1886. — Trains run, 10,910 miles. Passengers
carried, 3,872 ; carried one mile, 20,771. Tons of freight moved, 7,368 ; moved one mile, 45,-
387. Earnings— passenger, $1,483.31 ; freight, $7,941.93; mail, $460.02— total, $9,885.26.
Operating expenses, $8,155.47. Net earnings, $1,729.79. Paid interest, $5,681.63 ; stock
dividends, $70,000. Balance, deficit, $73,951.84; deficit from last year, $8,300.05- -total,
$82,251.89.
Financial Statement, — Capital stock, $70,000 ; funded debt, $70,000 ; bills payable,
$22,066.78— total, $162,066.78. Contra: Cost of road and equipment, $77,627.73; real es-
tate, $277; cash and cash assets, $1,850.17 ; profit and loss, $82,251.89.
Annual meeting, second Wednesday in March. Trustees of bonds : J. F. Kimball and
E. W. Hoyt. The treasurer is registrar of stock.
Directors (elected March 10, 1886).— H. A. Whiting, Wilton, N. H. ; J. F. Kimball, G.
S. Gushing, Lowell, Mass. ; G. A. Mathews, G. F. .Jackson, J. F. Sprague, A. W. Chapin,
Mouson, Me.
H. A. WHITING, President Wilton, N. H.
J. F. Kimball, Vice President Lowell, Mass.
Secretary and Treasurer — J. A. Kimball. . .Lowell, Mass. | General Manager— G. A. Matthews Monson, Me
PRINCIPAL OFFICE AND ADDRESS Monson, Me.
MONTPELIER AND WELLS RIVER RAILROAD COMPANY.
Line of Road.— Montpelier, Vt. , to Wells River, Vt 38.22 miles.
Sidings, 5 miles. Gauge, 4 ft. 8£ in. Rail (all steel), 50 and 56 Ibs.
History.— Chartered November 6, 1867 ; road opened November 24, 1873. Trustees took
possession March 1, 1876 ; company reorganized January 1, 1877.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 4 ; combination, passenger
baggage and mail, 1 ; mail, etc., 2 ; freight (box, 38 ; coal or hay, 4 ; stock, 6 ; platform, 63),
111 — total, 118. Also, 1 snow-plough, 1 caboose and 1 derrick car. •
Operations for year ending March 31, 1886. — Not reported. Earnings — passenger,
$20,488.73; freight, $56,836.45 ; mail, $2,722.95; express, $1,800 ; miscellaneous, $2,899.37
— total, $94,747.50. Expenses — maintenance of way, $21,475.72 ; motive power, $29,028 ;
transportation, $27,355.98 ; miscellaneous, $8,625.77— total, $86,485.47. Net earnings, $8,-
262.03 ; surplus from last year, $18,612.29 ; available revenue, $26,874.32. Paid : Interest
on rolling stock debt, 2,342.56 ; temporary loan, $10,000 ; real estate, $2,000 ; stock Ryegate
Granite Works, $1,000— total, $15,342.58. Surplus March 31, 1886, $11,531.76.
FinanciallStatement (latest furnished).— Capital stock (par, $50), $800,000 ; cost of road,
$800,000 ; equipment, $102,450— total, $.02,450. Total debt March 31, 1885, $54/350.40 ; in-
terest accrued on rolling stock debt during 1886, $2,342.56— total, $52,692.96. Paid during
year, $14,342.56. Debt March 31, 1886, $42 342.34.
Directors (elected May 27 [last Thursday], 1886).— D. R.4Sortwell, East Cambridge, Mass.;
8. S. Thompson, Lyndonville, Vt. ; W. H. H. Bingham, S. C. Shurtleff, Joel Foster, Mont-
pelier, Vt.
D. R. SORTWELL, President East Cambridge, Mass.
S. S. Thompson, Vice-President Lyndonville, Vt.
Superintendent—^. A. Stowell Montpelier | Sec. and Treasurer— Joel Foster Montpelier.
PRINCIPAL OFFICE AND ADDRESS Montpelier, Vt
54 POOR'S MANUAL OF RAILROADS.
MOSHASSTTCK VALLEY RAILROAD COMPANY.
Line of Road.— Woodlawn Station, R. I., to Saylesville 2 miles.
Sidings, 0.6 mile. Gauge, 4 ft. 8* in. Rail (steel, 2 miles), 56 Ibs.
History.— Chartered June 11, 1874; amended, February 18, 1876; road opened January
5, 1877.
Rolling Stock.— Locomotive engines, 2. Passenger car, 1 ; coal, 3.
Operations for year coding September 30, 1886.— Trains run (passenger, 6,260 ; freight,
4,000), 10,260 miles. Passengers carried, 25,303 ; carried one mile, 50,606 ; freight moved,
59,158 ; moved oue mile, 118,316. Earnings— passenger, $1,036.44 ; freight, etc., $22,502.26;
other, $797.08— total, $24,335.78. Operating expenses, $24,820.61. Deficit, $484.83. Sur-
plus from last year, $42,859.83— total, $42,375.
Financial Statement, September 30, 1886.— Capital stock, $50,000 ; current accounts,
$6,993.14 ; profit and loss, $42,859.83— total, $99,&52.97. Contra : Cost of road, $69,396.36 ;
rolling stock, $15,302.66 ; real estate, etc., $10,82i.82 ; materials and fuel, $1,339.15 ; current
accounts, $597.88]; cash on hand, $1,916.27 ; profit and loss, $484.83.
Directors.— W. F. Sayles, F. C. Sayles, Charles O. Read, Pawtucket, R. I.; Wm. G. R,
Mowry, Koscoe Washburn, Providence, R. I.
W. F. SAYLES, President Pawtucket, R. I.
Secretary— Charles O. Read Pawtncket, R. I. | Treasurer— Fred. C. Sayles Pawtucket, R. I
General Superintendent— Qeo. M. Clarke Saylesville, R. I.
PRINCIPAL OFFICE AND ADDRESS Saylesville, R. I.
MOUNT WASHINGTON RAILROAD COMPANY.
Line of Road. — Base to Summit of Mount Washington, N. H 3.33 miles.
Sidings, 0.33 mile. Gauge, 5 ft. 3 in. Rail, 50 Ibs.
History. — Chartered in 1858; construction commenced in 1866; road opened in July,
1869. Operated from June to October each year.
Rolling Stock. — Locomotive engines, 6 ; cars — passenger, 7 ; haggage, 1 ; platform, 2.
Operations for year ending March 31, 1886. — Passengers carried, 9,441 ; carried one mile,
54,133. Freight movel, 22 tons ; moved one mile, 73 tons. Earnings — passenger, $25,743.-
50; freight. $380; mail, etc., $570. 95— total, $26,644.45. Expenses, $14,932.54. Net earn-
ings, $11,711.91. Payments : Interest on floating debt, $600 ; dividend, $12,950; balance,
deficit, $1,838.09 ; surplus from last year, $14,128.64 ; net surplus, $12,290.55.
This company has made ten dividend payments, aggregating 98 per cent, on stock, the
first, 9 per cent., in November, 1877, and the last, 10 per cent., in November, 1886. For
particulars see MANUAL for 1886, page 177.
Financial Statement, March 31, 1886.— Capital stock, $129,500 ; notes to New York,
New Haven and Hartford, and Conn. River RR. Cos., $10,000 ; profit and lose, $12.290.55—
total liabilities, $151,790.55. Per contra: Construction and equipment, $139,500; cash
balance, $12,290.5.')— total assets, $151,790.55.
Dividends payable in Boston, Muss. Annual meeting, second Wednesday in May.
Directors (elected May 12, 1886).— John H. George, Nathaniel White, Jr., John M.
Mitchell, Concord, N. H. ; Emmons Raymond, Boston, Mass.; Walter Aikeu, Franklin Falls,
N. H.; Ahuh \V. Sulloway, Franklin, N. H. (One vacancy).
JOHN H. GEORGE, President Concord, N. H.
Secretary— F. E. Brown Concord, N. H | Treaturtr— Edward D. Harlow Boston, Mass.
General Manager— Walter Aiken Franklin Falls, N. H.
PRINCIPAL OFFICE AND ADDRESS No. 31 Milk Street, Boston, Ma^s.
NANTASKET BEACH RAILROAD COMPANY.
Line of Road. -Old Colony House, Hingham, to Pemberton, Hull, Mass., G.93 miles.
Sidings, etc., 2.54 miles. Gauge, 4 ft. 8J in. Rail (steel, 1 mile), 56 Ibs.
POOR'S MANUAL OF BAILBOADS. 55
History. — Chartered, 1880 ; road opt-ned iu 1880. Early in 1883 this company defaulted
in the payment of interest on its bonds, and the road was taken possession of by the trustees
of the mortgage in April of that year. The operations given below are taken from the re-
turns made by the trustee for the bondholders. On the 7th of January, 1884, the road was
sold under foreclosure and purchased for account of the bondholders.
Rolling Stock. — Locomotive engines, 4. Cars— passenger, 12; baggage, mail, etc., 4;
freight, 4 — total, 20. Also, 5 service cars.
Operations for the year ending September 80, 1886. — Passenger trains run, 19,709 miles.
Passengers carried, 85,03? ; carried one mile, 589,562. Earnings — passenger, $8,963.22 ;
freight, $91.20 ; mail, $320.67; other, $552.84— total, $9,927.43. Expenses— transportation,
$9,624.22 ; taxes, $34.91— total, $9,659.13. Net earnings (27.03 per cent.), $268.30. Surplus
from last year, $11,547.98— total surplus, $11,815.95.
Financial Statement, September 30, 1883 (latest furnished).— Capital stock, $250,000,
funded debt (1st mortgage 6 per cent. 20-year bonds, due October 1, 1900, interest payable
April and October, at Boston Safe Deposilfand Trust Co., Boston), $250,000. Contra: Con-
struction, $384,060.74 ; equipment, $98,150.79.
Trustee's Balance Sheet, September 30, 1885 (latest furnished). — Bills receivable, $1,500 ;
current accounts, $13,008.73 ; cash on hand, $39.11 ; other assets, $11.691.16— total, $26,239.
Contra: (Current) accounts, $14,391.02 ; bills payable, $300.00 ; profit and loss, $11,547.98.
A. W. MOORS, Trustee 35 Congress Street, Boston, Mass.
W. H. Jeffrey, Acting Superintendent Pemberton, Hull, Mass.
PRINCIPAL OFFICE AND ADDRESS Pemberton, Hull, Mass.
NANTTJCKET RAILROAD COMPANY.
Line of Road. — Nantucket, Mass., to Siasconset, Mass 11.16 miles.
Sidings, 0.8 mile. Gauge. 3 ft.
History. — Opened to Surfside, 5 miles, July, 1881 ; to Siasconset during 1884.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 4; freight, 4 — total, 8.
Operations for year ending September 30, 1886. — Passenger trains run, 11,214 miles.
Passengers carried, 22,020; carried one mile, 24?, 220. Earnings— passenger, $6,840.85 ; other,
$590.55— total, $7,431.40. Expenses and taxes, $5,706.22. Net earnings, $1,725.18. Inter-
est accrued, $5,091.09. Deficit, $3,365.91 ; surplus from last year, $8,520.92— net surplus,
$5,155.01.
Financial Statement, September 30, 1886. — Capital stock, $95,000 ; funded debt, 1st
mortgage 7 per cent, bonds, due 1900, $59,500 ; unfunded debt, $13,098.28 ; profit and loss,
$5,155.01— total, $172,733.29. Contra : Construction, $156,904.67; equipment, $14,413.18;
cash and assets, $1,415.44— total, $172,733.29.
Directors. — Jonathan Dorr, John H. Norton, Philip H. Folger, Charles F. Coffin, James
W. Cartwright, Boston, Mass.
JONATHAN DORR, President Boston, Mass.
Treasurer and Clerk— 3. H. Norton: Boston, Mass. | Superintendent— Philip H. Folger Boston, Masa.
PRINCIPAL OFFICE AND ADDRESS 7 Exchange Place, Boston, Mass.
NARRAGANSETT PIER RAILROAD COMPANY.
Line of Road. — Kingston, R. I., to Narragansett, Pier, R. 1 8.5 miles.
Sidings, 0.75 mile. Gauge, 4 ft. 8£ in. Rail (steel, 2.25 miles), 56 Ibs.
History. — Chartered in January, 1868; road opened July 17, 1876 ; operated in connec-
tion with the New York, Providence and Boston RR.
56 POOR'S MANUAL OF RAILROADS.
Rolling Stock. — Locomotive engines, 2. Cars— passenger, 4 ; freight (box, 1 ; platform,
1 ; coal, 6), 8— total, 10.
Operations for year ending September 30, 1886. — Not reported. Earnings — passenger,
$21,825.97 ; freight, $9,977.57 ; other, $1,390.79— total, $32,963.87. Operating expenses,
$22,216. Net earnings, $10,477-87. Paid interest on bonds, $6,628; other interest, $611.48
—total, $7,239.48. Balance, f-urplus, $3,238.39.
Financial Statement, September 30, 1886.— Capital stock, $106,980; funded debt,
$95,400; other liabilities, $6,000— total, $208,380. Cost of road, equipment, etc., $179,-
228.74.
Funded debt consists'of $90,000 1st mortgage 7 per cent. 20-year bonds, due 1896, inter-
est February and August, and $5,400 2d mortgage 7 percent. 20-year bonds, due 1898, interest
March and September. Interest payable at treasurer's office. Voting power attaches to
stock after one year's ownership. Annual meeting, third Tuesday in April. Trustees of 1st
mortgage, Rhode Inland Hospital and Trust Co.; of 2d mortgage, Rowland Q. Hazard.
Directors (elected April, 1886). — John N. Hazard, Rowland G. Hazard, Peacedale, R. I.;
B. F. Robinson, Atmore Robinson, Wakefield, R. I.; J. P. Robinson, New York City.
JOHN N. HAZARD, President. Peacedale, R. I.
Secretary and Treasurer— R. G. Hazard. Peacedale, R. I. | Superintendent-— G. T. Lanphear Peacedale, R. I.
PRINCIPAL OFFICE AND ADDRESS Peacedale, R. I.
NAUGATUCK RAILROAD COMPANY.
Main Line of Road. — Stratford Junction, Ct., to Winsted, Ct 56.55 miles.
Leased : Watertown and Waterbury RR 4.61 miles.
Trackage : N. T., N. H. & H. RR.— Junction to Bridgeport, Ct 5.00 miles.
Total road owned and leased 66.16 miles.
2d track, 5.40 ; sidings, 13.78 m. Gauge. 4 ft. 8J in. Rail (steel, 61.95 m.), 56 and 58 Ibs.
History. — Chartered in May, 1845. Road opened through, September 24, 1849.
Rolling Stock. — Locomotive engines, 13. Cars — passenger, 23 ; baggage, mail, etc., 12;
freight, 265; coal, gravel, etc., 309— total, 609.
Operations for year ending September 30, 1886. — See tabulated statement.
Earnings.— Passenger $262,609 55
Freight 401,843 49
Mails and Express 20,758 05
Miscellaneous 19,125 39
Total ($10,645.09 per mile) $704,336 48
Expenses.— Maintenance of Way $176,303 2^
Rolling Stock 72,678 47
Transportation 182,543 45
Miscellaneous and Taxes .... 51,288 55
Total ($7,297.67 per mile) $482,813 75
Net earnings (31.45 per cent.), $'221,522.73. Payments : Dividends (Nos. 61 and 62,
January and July, 1886, 5 per cent, each), $200,000 ; balance of interest, $4,527.32— total,
$204,527.32. Surplus for year, $16,995.41 ; surplus from last year, $403,397.58— total, $420,-
392.99.
General Balance Sheet, September 30, 1886.
Construction ($33,600.19 per mile) $1,903,483 75
Equipment ($4,139.46 per mile) 234,086 57
Real Estate 101,500 00
Stocks and Bonds 12,600 00
Other Property and Assets 184,213 70
Materials on Hand 37,749 06
Bills and Accounts 69,22262
Cash on Hand 105,746 72
Total Assets $2,648,602 42
Capital Stock $2,000,000 00
First Mortgage Bonds 150,000 00
N. Y.,N. H. & H. RR. Co 36,285 81
Bridgeport Steamboat ^Co 1,275 13
Interest Accrued 2,000 00
Sundry Accounts 4,865 48
September Expenses 33,783 01
Profit and Loss 420,392 99
Total Liabilities $2,648,602 42
Funded debt conhists of $150,000 ($750,000 authorized) first mortgage 4 per cent. 30-
year $1,000 and $5,000 registered bonds, due June 1, 1913, interest June and December.
POOES MANUAL OF RAILBOADS.
57
Statement showing the amount of capital stock and the dividends paid on same since the
organization of the company :
Date.
Capital
Stock.
Rate.
Date.
Capital
Stock.
Rate.
Date.
Capital
Stock.
Rate.
Date.
Capital
Stock.
Rate.
$
p. c.
$
p. c.
$
p. c.
8
p. c.
Mar. 10, '50
900,000
3
Aug. 15, '64
1,031,800
5
Feb. 15, '72
1,874,400
5
July 15, '79
2,000,000
5
Oct. 10, '50
926,000
3
Sept. 15, '64
1,031,800
7*
Aus;. 15, '72
1,876,400
5
Jan. 15, '80
2.000,o(»
5
July 1, '52
92fi,000
3
Feb. 15, '65
1,100,000
5
Feb. 15, '73:1,878,900
5
July 15, '80
2.000,000
5
Jan. 1, '53
926,000
4
Aug. 15, '65
1,100,000
5
Aug. 15, '73 1,880,400
5
Jan. 15, '81
2,000,000
5
July 25, '53
926,000
4
Feb. 15, 'C6
1,122,000
7
Feb. 15, '74 1,882,400
4
July 15, '81
2.000,000
5
July 25, '5i
Feb. 15, '54
923,500
1,000,100
8*
4
Aug. 15, '66
Feb. 15, '67
1 ,395,600
1,408,000
5
5
Aug. 15, '7411,888,900
Feb. 15, '75 1,884,400
5
5
Jan. 4, '82
July 1, '82
2,000,0(Xi
2,000.0 *)
5
5
Aug. 15, '59
1,031,800
3
Aug. 15, '67
1,425,100
5
Aug. 16, '75
1,884,900
5
Jan. 2, "83
2,000,0<0
5
Feb. 15, '60
1,031,800
4
Feb. 15, '08
1,436,6CO
5
Jan. 10, '76
1.885,900
5
July 2, '83
2,0 !0 000
5
Aug. 15, 'BO
1,031,806
4
Aug. 15, '68
1,513,100
5
July 10, '76
1,891,400
5
Jan. 2, '84
2.000.000
5
Feb. 15, '61 11,031.800
Feb. 15, '62 1,031,800
4
5
Feb. 15, '69
Aug. 16, '69
1,824,900
1,835,900
5
4
Jan. 15, '77
July 16, '77
1,918,400
£000,000
5
5
July 1, '84
Jan. 2, '85
2,0110,1100
2,000,001
5
5
Aug. 15, '62!l,03l,800
2
Feb. 15, 'TO
1,838,900
5
Jan. 15, '78
2.000,000
5
July 1, '85
2,000,000
5
Feb. 16, '63i 1.031,800
4
Aug. 15, '70
1,844,400
5
July 15, '78
2,000,010
5
Jan. 2. '86
2.000,000
5
Aug. 15, '681,081,800
4
Dec. 31, '70
1,864,400
5
Jan. 15, '79
2,000,000
5
July 1, '86
2,000,000
5
Feb. 15, 't>4
1,031,800
4
Aug. 15, '71
1,868,400
5
Dividends marked (*) were paid in stock.
Annual meeting, third "Wednesday in November. Books close for dividends about three
weeks prior thereto. Interest and dividends payable at Treasurer's office. Trustee of bonds,
State Treasurer.
Statement of operations for eight years :
1879
18SO
1881
1882
1883
1884
1885
1886
Passenger Train Miles
Freight Train Miles
Total Train Miles
90,282
153,100
287,946
261,469
6,322,281
199,845
7,366,813
$
499,188
200,228
200,000
228
7,545 17
3,026 42
55.90 p. C.
2.&3C.
4.25 c.
92,423
108,119
2!5,826
352,288
7,297,580
228,196
8,489,903
I
592,152
220,252
200,000
20,252
8,919 33
3,627 79
59 33 p. C.
2.as c.
4.25 C.
98,871
184,623
322,096
404,403
8,019,256
26S,895
8,553,168
$
614,411
201.391
200,000
1,391
9,288 13
3,044 44
67. 23 p. c.
2.83 c.
4.25 C.
154,650
152,340
302,746
415,391
8,971,196
301,571
9,363,634
$
714,898
223,785
200,000
23,785
10,807 08
3,382 85
68. 70 p. c.
2.83 c.
4.65 C.
159,945
144,306
374,277
511,170
10,223,400
309,760
9,910,592
$
712,459
229,587
200,000
29,994
10,768 73
3,470 18
67. 68 p. C.
2.56 c.
4.29 C.
180,488
141,428
392,948
556,950
11,189,000
335,585
8,716,480
$
676.715
225,616
200.000
21,760
10,228 46
3,410 15
55.47 p. C.
2.39 c.
4.24 c.
181,323
121.023
392,010
509,272
10,185,410
282,632
7,970,301
8
651,242
213,263
200,000
8,798
9,843 44
3,233 44
67. 25 p. c.
2.47 c.
4.49 c.
189,194
152,!I20
408,547
528,710
11,620,680
331,437
8,322,933
s
704.336
22^523
200,000
16,995
10,645 09
3,347 38
68.55 p. C.
2.26 C.
4.77 c.
Passengers Carried
Passenger Miles1
Freight (tons) Moved
Freigtit (ton) Miles
Net Earnings
Divid'ds (J. & J.each 5p.c.)
Balance, Surplus
Gross Earnings per Mile
Net Earnings iper Mile .
Expenses to Earnings. .
Aver, per Pass, per Mile
Aver, per Ton per Mile .
WATERTOWN AND "WATERBTJRY RAILROAD.— Watertown to Waterbnry, Ct., 4.GO miles ;
total track, 4.85 miles. Chartered in May, 18C9 ; opened in September, 1870. Leased to and nominally owned by
the Naugatuck RR. Capital stock (par, §50), §118,200 ; and 819,000 7 per cent. 1st mortgage bonds, due Novem-
her 17, 1885, on which no interest has been paid since May 15, 1873. Cost of road, $134,248.43 ; profit and loss,
82,951.57. WM. D. BISHOP, President, Bridgeport, Ct.: L. W. Cutler, Secretary and Treasurer, Wateriown, Ct.
Board of Directors Naugatuck RR. Co., elected November 17, 1886.
W. D. Bishop Bridgeport, Ct.
J. G. Wetmore Winsted, Ct.
A. L. Dennis Newark, N. J.
W. D. Bishop, Jr Bridgeport, Ct. | F. J. Kingsbury Waterbury, Ct.
R. M. Basbett Derby, Ct. J. A. Sperry New Haven, Ct.
J. B. Robertson... .New Haven, Ct. D. W. Plumb Shelton, Ct.
WM. D. BISHOP, President Bridgeport, Ct.
Sec. and Treasurer— Horace Nichols Bridgeport, Ct. | Superintendent— George W. Beach Bridgeport, Ct.
Auditor— Samuel Wilmot Bridgeport, Ct.
PRINCIPAL OFFICE AND ADDRESS Bridgeport, Ct.
NEW HAVEN AND DERBY RAILROAD COMPANY.
Line of Road.— New Haven, Ct., to Ansonia, Ct 18 miles.
Sidings, etc., 4.14 miles. Gauge, 4 ft. 8i in. Rail (steel, 13 miles), 56 Ibs.
History.— Chartered in May, 1864 ; road opened August 1, 1871.
Rolling Stock.— Locomotive engines, 5. Cars— passenger, 5 ; baggage and mail, 3 ;
weight, 16 ; coal, gravel, etc., 57— total 81.
58 POOR'S MANUAL OF RAILROADS.
Operations for year ending September 30, 1886.— Trains run— mixed, 54,353; service,
2,120 miles. Passengers carried, 193,798 ; carried one mile, 2,025,276. Freight moved, 123,-
689 ; moved one mile, 1,453,875 tons. Earnings— passenger, $70,321.80 ; freight, $86,225.92 ;
other, $6,130.88— total, $162,678.60. Operating expenses (including taxes, $5,596.44), $93,-
775.17. Net earnings (42.36 per cent.), $68,903.43. Add cash and cash assets from last
year, $23,528.26 ; increase in accounts payable, $486.87 ; sale of old materials, etc., $4,731.18
total, $97,649.74. Payments: Interest, $41,900.69 ; improvements, etc., $13,480.53 — total,
$55,381.22. ' Cash and cash assets, September 30, 1886, $42,268.52.
Financial Statement, September 30, 1886.— Capital stock, $446,660 ; funded debt,
($300,000 1st mortgage 7 per cent, bonds, due 1888 ; $225,000 2d mortgage 7 per cent, bonds,
guaranteed by the City of New Haven, due at various dates), $525,000 ; City of New Haven,
$75,000; current accounts, $4,801.99; profit and loss, $146,491.35— total, $1,197,896.34.
Contra : Construction, $970,816.8'Z ; equipment, $163,067.65 ; materials, $10,643.67, machin-
ery and tools, $11,099.73 ; bills receivable, $7,016.26 ; cash, $35,252.26.
Annual meeting, third Tuesday in November. Interest payable at the Mechanics' Bank,
New Haven, Ct.
Directors (elected November 16, 1886). — Joel A. Sperry, Charles L. English, L-aac An-
derson, M. F. Tyler,' H. P. Frost, N. D. Sperry, J. P. Tuttle, Charles Atwater, New Haven,
Ct.; Wm. E. Downes, Birmingham, Ct.; Thomas Wallace, Franklin Farrell, George P.
Cowles, Ansonia, Ct.; R. M. Bassett, Birmingham. Representing the City of New Haven. —
Samuel A. York, Mayor ; William Noonan, Alderman.
JOEL A. SPERRY, President New Haven, Ct.
Vice-President— Charles L. English New Haven, Ct.
Treasurer- Charles Atwater New Haven, Ct.
Secretary — F. E. Harrison New Haven, Ct.
Gen. Superintendent.— -E. S. Qnintard...New Haven, Ct.
PRINCIPAL OFFICE AND ADDRESS New Haven, Ct.
NEW HAVEN AND NORTHAMPTON RAILROAD COMPANY.
Main Line of Road. — New Haven, Ct., to Conway Junction, Mass 94.64 miles.
fCollintviUe : Farmington, Ct., to New Hartford, Ct 14.09 miles.
•o i I Tariff cille : Simsbury, Ct., to Tariff ville, Ct 1.04 miles.
: ] William^ntrg : Northampton to Williamsburgr 7.51 miles.
[ Turner's Falls : South Deerfield to Turner's Falls 10.07 miles.
T PI «oH • $ Holyoke & Westfield RR.: Holyoke to Westfield, Mass., and branches. 17.22 miles.
' | Troy and Greenfield RR.: Conway Junction to North Adams, Mass. . 28 44 miles.
Total length of road operated (owned, 127.35 ; leased, 45.66) 173.01 miles.
Sidings, etc., 27.50 miles. Gauge, 4 ft. 8i in. Rail (steel, 133 miles), 60 Ibs.
History.— Chattered in May, 1836. Road opened to Plainville, December, 1847 ; to
Granby, with the Collinsville and Tariff ville branches, March, 1850 ; to Northampton in 1857;
to Williamsburg, February, 1868. The Holyoke and Westfield RR. is leased in perpetuity.
The extension to North Adams, over the Troy and Greenfield RR, was opened July 13, and
to Turner's Falls, October 31, 1881. The N. Y., N. H. & H. RR. Co. owns a majority of the
stock of this company.
Rolling Stock, September 30, 1886. — Locomotive engines, 28. Cars — passenger, 22 ; bag-
gage, mail and express, 17 ; freight, 134; coal, gravel, etc., 411 — total, 584.
Operations for year ending September 30, 1886.— See comparative statement.
Earning*.— Pascenger $219,053 46
Freight 578,49760
Mail 9,303 25
Kxpn-M 15,674 62
Miscellaneous 20,540 26
Total ($4,844.05 per mile) $888,0f.9 09
Expense*.— Transportation $247,155 43
Motive Power 43,06823
Maintenance of Cars 60,(566 95
Maintenance Way and Buildings 155,831 35
General "64, 534 43
Total ($3,301.87 per mile) $571,256 39
Net earnings (31.84 per cent.), $266,812.70. Received interest on H. & W. bonds, $3.600;
dividends on H. & W. stock, $800; Southington Water Co., $40; net income, $271,252.70.
POOR S MANUAL — NEW HAVEN AND NORTHAMPTON RR. CO.
59
Payments: Interest, $232,425.25; rent H. & W. RR,, $28,443.09— total, $260,808.34. Bal-
ance, surplus, $10,384.36; surplus from last year, $391,801.81 — total surplus, $402,186.17.
General Balance Sheet, September 30, 1886.
Construction $5,650,038 40
Equipment 910,957 03
Cost of Land, New Haven 19,37281
H. & W. RR. Stock and Bonds 80,000 00
Materials on Hand 84.220 36
Sinking Fund Trustees 67,500 00
Bills and Accounts 74,51698
CashonHand 51,12514
Capital Stock $2,460,000 00
Funded Debt Outstanding 3,900,000 00
Bills Payable 75,000 00
Coupons Payable October 1, 1886 63,995 00
Accounts and Balances 36,549 55
Profit and Loss 402,186 17
Total Assets $6,937,730 72 Total Liabilities.
Statement of operations, capital account, etc., for eight years :
.$6,937,730 72
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated.
Miles of Railroad Owned...
Miles of Track Owned
Miles of Steel Rail
109.33
99.01
131.66
68.00
113.33
127.35
151.85
76.37
147.89
137.35
154.85
103.00
170.11
127.35
154.85
106.00
173.01
127.35
154.85
114.00
173.01
127.35
154.85
119.00
173.01
127.35
154.85
125 59
173.01
127.35
154.85
133 00
Locomotive Engines
20
21
26
27
27
28
28
28
Passenger and other Cars. . .
Passenger Train Miles
Freight Train Miles
457
222,058
152,715
457
212,665
155,126
580
241,588
180,034
598
37'2,185
231 ,628
573
377,644
233,588
573
394,118
211,222
574
392,056
211 218
584
398,520
225 030
Total Train Miles
383,213
400,007
484.774
683,322
674,984
677,186
678 584
699 190
Passengers Carried
278,620
300,940
356,776
483,229
503,431
494,286
490,453
538 084
Passenger Miles
4,727,857
5,644,750
5,612,006
8,726,851
9,052,689
8,773,296
8,723 359
9 635 128
Freight (tons) Moved
311,180
360,334
44P,450
498,671
475,634
491,217
448 71 4
503 016
Freight (ton) Miles
14,942,798
16,365,162
18,705,765
24,800,865
25,328,564
27,295,988
24,232 389
29,064'l37
Gross Earnings
8
588,281
$
693,817
$
751,615
$
896.271
$
860,048
$
835,813
8
799 684
$
&38 C69
Gross Expenses and Taxes .
366,074
410,051
473,575
591,711
594,870
576,073
528,395
571, £56
Net Earnings
222,207
283,766
278,039
304,500
265,178
259,740
271,289
266 813
Other Receipts
4,849
46,489
3,724
4,400
4,400
4,415
4 440
Available Revenue
222,207
288,255
£24,52?
308,284
269,578
264,140
275,704
271 253
Lease H. and W. RR
18,054
25,103
26,383
28,416
29,069
29,315
28,256
28 443
Interest
162,556
163,028
174,370
238,627
236,928
242,197
238,217
232 425
Balance ( + or — )
-t- 41,597
+ 100,124
+ 123,775
+ 41,241
+ 3,581
- 7,372
+ 9,231
+ 10,384
Gross Earnings per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass, p Mile .
Aver. Rate p. Ton p. Mile .
Capital Stock...
5,380 77
2,184 81
59.40 p. C.
2.64 c.
2.76 c.
S
2,460000
6,430 61
2,790 65
56. 60 p. c.
2.53 c.
3.08 c.
$
2,460,000
5.082 25
1,880 04
63.01 p. c.
2.50 c.
3.00 c.
S
2,460,000
5,271 25
1,790 63
66.02 p. c.
2.30 c.
2.63 C.
S
2,460,000
4,971 09
1,532 74
69. 17 p. C.
236c.
2.35 c.
$
2,460,000
4,831 01
1,501 30
68.93 p. C.
2.44 c.
2.10 c.
$
2,460,000
4,622 19
1,568 06
66.08 p. c.
2.35 c.
2.23 c.
$
2,460,000
4,844 05
1,542 18
68. 16 p. C.
2.27 c.
1.97C.
$
2,460,000
Funded Debt
Notes Payable
2,324,000
104,300
2,689,000
214,000
3,3!IO,000
316,000
3.200,000
585,000
3,200,000
630,000
3,200,000
C69.000
3,200,000
749,500
3,900,000
75,000
Accounts, Coupons, etc
Surplus
35/63
109,299
57.386
214,323
72,776
338,099
90,629
379,339
149,562
382,920
170,486
382,571
109,628
391,802
100,545
402,186
Total Liabilities
Consti uction
5,033,462
4 035 258
5,634,709
4,593.212
6,576,875
5,395,147
6,714.9C8
5,560,894
6,822,482
5,608,178
6,882,057
5,647,009
6,910,930
5,650,038
6.937,731
5 650 038
Equipment
796,516
796.516
865,321
901,457
901,457
910,957
910,957
910,957
Other Investments
fO,000
80,000
80,000
80,000
80,000
1CO,37'3
99,373
99,373
Supplies and Materials
Cash Accounts, etc.
59,825
61,863
87,837
77,114
82,516
153,891
82,879
89,738
95,948
136.899
62,429
161,289
69,853
180,709
84,221
193.142
Total Assets ...
5 033 462
5 634,709
6,576,875
6,714,968
6,822,482
6,882 057
li 910 930
6 937,731
The last dividend was declared October 6, 1873.
Funded Debt: 1st mortgage 7 per cent, bonds, January 1, 1809-1899, $1,300,000 ; consoli-
dated sinking fund mortgage 6 per cent, bonds, $1,200,000 ; extent-ion 5 per cent. 30-year
bonds, dated April 1, 1881, interest payable April and October, $700,000 ; convertible 5s of
1886, d,ue July 1, 1896, interest January and July, $700,000. The company guarantees $260,-
000 H. & W. RR. bonds— $00,000 at 6 per cent, and $200,000 at 7 per cent.
The consolidated sinking fund bonds are dated April 15, 1879, and due April 1, 1909,
interest payable April and October 1. They are secured by a second mortgage on most of the
road, a first mortgage on the remainder, and a sinking fund of $15,000 per year. The 5s of
CO POOR'S MANUAL OF RAILROADS.
1886 are convertible, at the holder's option, into stock of the company. With their proceeds
the company paid off all but $75,000 of the floating debt.
Sinking Fund, September 80, 1886.— Receipts : Cash from Inst year, $10,311.63; divi-
dends and interest, $4,473.40 — total, $14,785.03. Payments : For 14 five per cent, convertible
bonds, N. H. & N. Co. , $14,000 ; cash on hand, $785.03. The fund now amounts to $88,742,41.
HOI.YOKE AND "WESTFIEL.D RAILROAD.— Holyoke to Wcstflcld, 10.32 ; total track, 17.22
miles. Chartered in 1870; opened 10.32 miles in October, 1871, and to present terminus in 1^79. Leased in per-
(HM ; surplus, jiia.ittsz: total nammies, ?iXK,iyyi. i/onsirucuou, %aKx,4oo.av, CSSMI aim usseis, $iu,ii3.u. inn
company paid the following dividends : December 8, 1879. 1 per cent.; December 13, 1880, 2$ percent.; December
17, 1871. 3 per cent.; December 20, 18fi2i 4 per cent.; December 22, 1884, 4 per cent.; December 21, 1885, 4 per
cent. Payable at treasurer's office, Holyoke, Mass. Q. W. Prentiss, Treasurer ; T. B. O'Donnell, Seo-etary,
Holyoke, Mass.
Board of Directors New Haven and Northampton RR. Co., elected January 6, 1886.
Chas. N. Yeamans..New Haven, Ct.
George J. Brush New Haven, Or.
Daniel Trowbridge. .New Haven, Ct.
Horatio G. Knight. Ensthnmp., Mass.
George H. W.-itrous.New Haven. Ct.
William D. Bishop. . .Bridgeport, Ct.
Charles M. Pond Hartford, Ct
Ezekiel H. Tro\vbrid<re.X.II;ivrn.Ct'
Edward M. Reed . . . New Haven, Ct'
CHARLES N. YEAMANS, President and Superintendent West field, Mass.
Edward A. Ray, Secretary and Treasurer New Haven, Ct.
PBINCIPAI, OFFICE AND ADDRESS No. 154 Water Street, New Haven, Ct.
NEW LONDON NORTHERN RAILROAD COMPANY.
Line of Road. — New London, Ct., to Brattleboro', Vt 121 miles.
Sidings, etc., 27.32 miles. Gauge, 4 ft. 8£ in. Rail (steel, 82 miles), 57, 58, 60 Ibs.
History. — Chartered as New London, Willimantic and Springfield RR. Co., May, 1847.
Name changed to New London, Willimantic and Palmer, May, 1848 ; road opened to Willi-
mantic, September, 1849 ; to Palmer, September, 1850. Sold under foreclosure, and reor-
ganized as the New London Northern in 1859. The Auiherst and Belchertown RR. Co. was
chartered in May, 1851, and opened from Palmer to Amherst, May, 1853. Sold under fore-
closure October 14, 1858, and reorganized as the Amheret, Belchertowu and Palmer, November
23, same year. Road purchased by the New London Northern RR. Co. in March, 1884, and
extended to Miller's Falls in 1867. The Miller's Falls Branch of the Vermont and Massachu-
setts RR., extending to Brattleboro', 21 miles, was bought by this company on the first day
of May, 1880. The entire line is leased for twenty years from December 1, 1871, to the
trustees of the Central Vermont RR. Co. The lessee assumes all responsibilities, and pays
as rental $150,000 a year in quarterly instalments, with an additional $15,000 for every
$100,000 of gross earnings in excess of $510,000. The operations given below cover the New
London Northern RR. proper (100 miles), that portion of the line from Miller's Falls to Brat-
tleboro', 21 miles, being operated under a separate lease by the Central Vermont RR. Co.
Rolling Stock, September 30, 1886. — Locomotive engines, 23. Cars — passenger, 13 ;
baggage, mail and express, 14 ; freight (box, 113 ; platform, 193; coal, 45), 351 ; caboose, 8—
total, 386.
Operations for year ending September 30, 1886 (100 miles).— Trains run (pas enger, 257,-
228 ; freight, 192,021), 449,249 miles. Total engine service, 564,364 miles. Passengers car-
ried, 471,700 ; carried one mile, 7,177,575 ; average rate, 3-01 cents. Tons freight moved,
497,573 ; moved one mile, 25,299,925 ; average rate, 1.51 cents.
Kirulngi.— Passenger $215,028 29
Freight 381,708 46
Mail and Express 32,201 72
Total ($6,198.38 per mile) $019,838 47
Expenses.— Maintenance of Way $78,745 55
Rolling Stock 35,559 95
Transportation, Taxes, etc 213,329 58
Total ($3,276.35 per mile) $327,635 08
Net earnings (47.14 per cent.), $292,20339; rents received, $9,861.66— total available
revenue, $302,005.05.
POOKS MANUAL— NEW LONDON NORTHERN RR. CO.
Statement of operations, general account, etc., for eight years :
61
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Road Operated
Revenue Train Miles
100
4(51,659
250,560
287,854
S
470,102
310,618
100
510,080
349,046
422,400
$
546,553
412,316
100
553.328
371. 5K4
400,072
$
5(59,587
413,326
100
561,955
420,06fi
458,231
1
574,078
519,312
100
543,895
410,624
524,786
$
593,635
489,068
100
5-^3,740
412,073
504,848
$
568,395
344,493
100
51(5,388
407,351
417,651
$
541,755
837,454
100
564,364
471,700
497,573
8
619,P38
• 327,635
Passengers Carried
Freight (tons) Moved
Expenses and Taxes
l.E,9,484
134,237
44,790
156,261
41,456
54,766
13,306
104,567
44,077
223,902
9,829
204,301
10,305
292,203
9,862
Other Receipts
30.390
Available Revenue
189,874
4,701 02
1.594 84
C6.08p. c.
$
155,100
(6) 90,000
45,125
1,500,000
687,500
152.275
94,219
179,031
5,465 53
1,34237
75.44 p. c.
S
17»,114
(6) 90,000
51,897
1,500.000
1,409,500
S9,C06
155,109
197,717
5,695 87
1,56261
73.82 p. c.
1
197,405
(6) 90,000
93,632
1,500,000
1,499,500
214,902
196,460
68,072
5,740 80
54768
90.45 p. C.
$
216,812
(6) 90,000
97,310
1,500,000
1,499,?>00
230.623
237,187
148,644
6,377 12
1,386 44
76. 69 p. c.
$
214,087
(6) 90,000
95,418
1,500,000
l,499,.rOO
201. 7S8
290,703
233,729
5.683 95
2,339 02
60.78 p. c.
S
210,390
(6) 90,000
95,418
1,500,000
1,499,500
177,254
345,349
214.606
5,41755
2,043 01
62.S9p. c.
210,731
(6) 90,000
101,391
1,500,000
l,4<l!l,500
178,963
398,089
302,065
6,198 38
3,276 35
52. 86 p. c.
$
207,860
(6) 90,000
81,124
1,500,000
1,499,600
137,125
459,695
Gross Traffic Earnings p. M.
Net Traffic Earnings p. M . .
Expenses to Earning*
Lessor's Accounts.
Rental etc. , Received
Dividends Paid
Interest Paid
Capital Stock
Funded Debt
Unfunded Debt
Surplus
Total Liabilities
2.433.994
2,059,503
236,430
65,000
73,061
3,253,615
2,760,872
240^20
187,825
58^698
3,410,862
2,771,830
248,445
260,000
130,587
3,467,310
2,771,888
248.420
260.000
187,001
3,401,991
2.771,602
248,420
150,000
321,969
3,522,103
2,771.1,02
248,420
243,170
258,911
3,576,552
2,801,462
248,420
243,170
2*3,500
3.5!>6,420
2,822,162
27,608
599,689
146,961
Construction
Equipment
Investmenl s
Cash and Cash Assets
Total Assets
2,433,994
3,253,615
3,410,862
3,467,310
3,491,991
3,522,103
3,576,552
3,596,420
Lessor's Income Account, year ending November 30, 1886.
Cash from Last Report $79,702 21
Accounts Receivable 6,621 14
Rentals 207,859 76
Interest 32,221 90
Coupons and Dividends Unpaid 601 00
Total Debits $327,006 01
Lessor's General Balance
Construction $1,993,902 40
Brattleboro Branch 630,50240
Brattleboro and Whitehall Railroad 1S7,756 65
Improvement 5CO.OOO 00
Purchase of Land
Union Station, New London
Fitchville Branch
Lessees
Central Vermont Railroad Co
Change of Grade at Miller's Falls.
Gill's Crossing
Cash. . .
29,860 CO
13,608 04
2,684 73
62,079 02
53,536 36
24,473 83
3,134 46
84,882 14
General Expenses $8,477 98
Interest, $81,124.31 ; Old Int., etc., $1,356.50. 82,480 81
Dividends (1$ per cent., O., J., A., J.) 90,000 CO
Six per cent. Bonds Retired 16,500 00
Lessees in Adjustment of Account 13,35383
Sundry Improvements, etc 16,31 1 25
Bills Payable 15,000 00
Cash on Hand '. 84,882 14
Total Credits $327,006 01
Sheet, November 30, 1886.
Capital Stock $1,500,000 00
Six per cent. Bonds, 1st Mortgage 100 CO
Seven per cent. Bonds, 2d Mortgage 387,500 CO
Consolidated Bonds, five per cent 812,00000
Consolidated Bonds, four per cent 300,000 00
Bills Payable 135,000 00
Dividends Unpaid 1,500 75
Coupons Unpaid 624 34
Profit and Loss 459,694 C4
Total Assets $3,596,420 03 Total Liabilities $3,596,420 03
Funded debt : 3d mortgage (New London to Miller's Falls, 100 miles), 7 per cent. 20-year
bonds, dated June 1, 1872, interest June and December, f 3^7,500 ; consolidated mortgage
(New London to Brattleboro ugh, 121 milei-), 5 per cent. SO-year bonds, dated May 1, 18feO,
interest January and July, $812,0(0; consolidated mortgage (New London to Brattleboro',
121 miles), 4 per cent, bonds, dated September 1, 1885, due May 1, 1910, interest January and
July, $300,000— total, $1,499,500.
The 5 per cent, consolidated bonds were issued for the purchase of the Brattleboro' Ex
62 POOR'S MANUAL or RAILROADS.
tension, and to provide means for the construction of the Brattleboro' and Whitehall RR.,
completed November 18, 1880, and leased to the Central Vermont BR. Co. The 4 per cents
were issued to retire the 1st mortgage bonde. Denomination of bonds : 2d nu itgage. $5CO,
$1,000; conpolidated mortgage, $1,000. All bonds coupon. Authorized amount of capital
stock, $2,000,000. Whole number of quarterly dividends paid to date, 74. Interest payable
at Bank of North America, New York city ; dividends at the office of the company, New
London, Ct. Annual meeiing, first Wednesday in February. Books not closed in advance.
Directors (elected February 2, 1887).— Robert Coil, William W. Billings, Benjamin
Stark, Augustus Brandegee, C. A. William?, J. N. Harris, New London, Ct.; William H.
Hill, Boston, Mass.; Thomas Rams-dell, Wiudham, Ct. ; James A. Rumrill, Springfield, Mass. ;
C. H. Osgood, Norwich, Ct,
ROBERT COIT, President and Treasurer New London, Ct.
Stcrttary—3. A. Southard New London, Ct. | Superintended— C. F. Spauldiiig Kew London, Ct.
PRINCIPAL OFFICE AND ADDRESS New London, Ct.
NEWPORT AND WICKFORD RAILROAD COMPANY.
Une of Road.— Wickford Junction, R. L, to Newport, R. 1 3.4 miles.
Sidings and other tracks, 0.16 mile. Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History. — Chartered in 1872 ; road opened January 1, 1874. Operated in connection
with the New York, Providence and Boston RR. The company uses a steamer between
Newport and Wickford, a distance of 12 miles.
Rolling Stock (leased). — Locomotive engine, 1. Cars — passenger, 1 ; other, 3.
Operations for year ending September 1, 1886. — Earnings — passenger, $48,521.29 ;
freight, $2,682.47; mail, express, etc., $11,223.14— total, $62,426.90. Operating expenses,
etc., $43,569.19. Net earnings, $18,837.71. Paid interest on bond?, $3,500. Profits for
year, $15,857.71.
RECEIPTS AND DISBURSEMENTS for year ending September 1, 1886. — Cash on hand Sep-
tember 1, 1835, $4,678.70; Central Trust Co., $5,166.03; Post Office Department, $1,491.26 ;
due from N. Y., N. H. & H. RR., $1,509.66; interest, $263.73; net earnings, $18,8^7.71—
total, $31,972.14. Contra: Interest on bonds, $3,500; dividends, $2,805; drawback to con-
necting roads, $2,848.62; cash on hand, September 1, 1886, $7,719.7(5 ; cash in Central Trust
Co., $13,434.81; due from Post, Oifice, $1,491.27; accounts due, since paid, $172.68— total,
$31,972.14.
General Balance Sheet, September 1, 1886.
Construction and Equipment $121,518 70
Steamer " Eolus " 28,481 30
Cash and other Assets 22,818 52
Total Assets $172,818 52
Capital Stock $100,000 00
Funded Debt 50,00000
Dividends Unpaid 1,026 00
Profit and Loss . 21,79252
Total Liabilities $172,818 53
The funded debt consists of $50,000 7 per cent. 1st mortgage bonds, due 1892, interest
payable May and November, at National Bank of Commerce, New York, and Merchants'
Bunk, Newport. Capital stock authorized, $150,000. Annual meeting first Monday in Octo-
ber. Books close for dividends ten days prior to payment of same. Dividends payable
March and September at Newport, R. I. The company paid regular half-yearly dividends
September, 1881, to September, 1885, at the rate of 3 per cent, each, making nine in all
paid to date.
Directors (elected October 5, 1886).— George M. Miller, J. N. A. Qriswold, New York,
N. Y. ; John G. Weaver, Newport, R. I. ; S. H. Vaughan, Wickford, R. I. ; David King,
George P. Wetmore, Newport, R. I.
GEORGE M. MILLER, President New York, N. Y.
Secretary <t Treaturer—\. 8. Sherman.. Newport, R. I. | Superintendent— J '. B. Gardiner Providence, R. I.
PRINCIPAL OFFICE AND ADDRESS Newport, R. I.
POOR'S MANUAL OF RAILROADS. 63
NEW YORK AND NEW ENGLAND RAILROAD COMPANY.
( Boston, Mass., to Hopewell Junction, N. Y 215.04 miles.
Main Lines of Road. — -j Providence, R. I., to Willimantie, Ct 58.50 miles.
( Wicopee, N. Y., to Newburgh on the Hudson 1.80 mile*.
Woonsocket : Cook Street, Newton, to VVoonsocket 28.41
Sotithbridge : E. Thompson, Ct., to Southbridge 17.37
j Dedham : Elm wood to Dedham 1.52
5 Ridge Hill: Charles River to Ridge Hill 1.64
Dorrance Street : Providence, R. 1 0.82
Freight : Hartford. Ct 0.67 —50.43 miles.
f Norwich & Worcester RR. : Worcester, Mass., to Allyn's Point, Ct.. 66.40 miles.
I R. I. & Mass. RR. : Franklin, Mass., to Valley Falls, R. 1 13.60 miles.
Leased I Rockmlle RR. : Vernon, Ct., to Rockville, Ct. . 4.40 miles.
Lines: j Connecticut Central RR. : East Hartford, Ct, to Massachusetts Line. 20.20 miles.
I Connecticut Central RR. : Melrose, Ct., to Rockville, Ct 7.30 miles.
L Springfield & New London RR. : Connecticut Line to Springfield. 7.27 miles.
Running ( Boston & Albany RR. : In Springfield, Mass 1.31 miles.
Arrange- •< Newburgh, Dutchess & Ct. RR. : Hopewell June, to Wicopee, N.Y.. 11.02 miles,
ments : ( New London Northern RR. : Norwich, Ct., to New London, Ct. . 13.50 miles.
Total (owned, 825.77 ; leased, 120.48 ; running arrangements, 24.52) 470.77 miles.
2d track, 108.1 ; sidings, 120.91 miles. Gauge, 4 ft. 84 in. Rail (steel, 401.78 miles), GO.lbs.
History. — This company was formed by the organization, in 1873, of the holders of
Berdell mortgage bonds issued by the Boston, Hartford and Erie RR. Co. That company
was chartered in May, 1863, and was a consolidation of companies owning several lines. It
undertook the construction of a new railroad route from Boston to the Hudson River, and to
a connection (by ferry) with the Erie Railway at Newburgh. To furnish the means therefor,
bonds known as the Berdell bonds, to the amount of $20,000,000, were issued, secured by a
mortgage on the lines built and to be built. Of these, $5,000,000 were guaranteed by the
Erie Railway Company, and $3,600,000 were taken by the State of Massachusetts, the State
issuing its own bonds in payment. The whole issue only sufficed to discharge underlying
liens on the several consolidated lines, and to partially construct about 100 miles of new
road. The B., H. & E. RR. Co. failing to pay the interest on its bonds, the present company
was organized — the holders of the $20,000,000 of bonds being allowed to become stockholders
to equal amounts in the new company. The New York and New England RR. Co. took pos-
session of the road from Boston to Willimantic, and from Brookline to Woonsocket in July,
1875, and of the road from Providence to Waterbury in October, 1878. To pay off underlying
mortgages, complete its road, purchase lands in Boston, construct stations, provide equip-
ment, etc., etc., a new mortgage was issued to secure bonds to the amount of $10,000,000.
Ou July 24, 1881, the Hudson River Extension of the road was opened from Waterbury,
Conn., to Brewster's, N. Y., 190.36 miles from Boston, and on December 12, 1881, to Fishkill
on the Hudson, 228.56 miles from Boston. Of this line the company owns from Boston to
Hopewell Junction, N. Y., 215.04 miles. Between that point and Wicopee, 11.02 miles, it
uses the line of the N., D. & C. RR. From this last point to Fishkill the company built 1.80
miles of line. A connection is made (by ferry) with the N. Y., L. E. & W. RR. at New-
burgh, N. Y.
During the fiscal year 1883 the mileage of the company was reduced by the sale of 5.34
miles of the Woonsocket branch to the Boston and Albany RR. Co., and the taking up of 1.89
miles of the Dedham branch.
For historical statement showing the growth of this company's system, see MANOAL for
1884, page 69.
The Norwich and Worcester RR. is leased and operated as the Norwich and Worcester
Division of this company's road, but all accounts are kept separately. Through the lease of
this line the company also controls the Norwich and New York Transportation Company's line
of steamers, the N. Y. & N. E. RR. Co. is also joint owner with the N. Y., N. H. & H. RR.
Co. of the New England Transfer Co., which transfers passenger and freight cars from Jersey
City to Harlem by steamers.
64 POOR'S MAKUAL — NEW YORK AND NEW EN'GLASD RR. CO.
During 18S2 the company made an arrangement with the New England Car Trust AFSO-
ciation, under which there was purchased certain equipment, the cost of which was provided
for by the Car Trust Association, the railroad company issuing thereto its notes to an amount
equiva'ent to such cost, less the first installment of 10 per cent., which under the agreement
\vas ] aid in cash. These notes were held by the Cnr Trust as collateral to secure an equal
amount of 0 per rent. Car Trust certificates, which were a lien on the equipment furnished.
In January, 1885, the Car Trust Association was merged into the Xew York and New England
RU. Co., under an agreement by which the latter .company issued an equal amount of 2d
mortgage bonds in place of $1,241,000 Car Trust certificates outstanding. These bonds are
due August 1, 1902, and bear interest from February 1, 1885, at the rate of 3 per cent, per
annum for five years, 5 per cent, per annum for the following two years, and 6 per cent, per
annum thereafter. See MANUAL for 1886, page 414.
The company failing to meet ks fixed charges and provide for its floating debt, a receiver
was appointed January 1, 1884. Subsequently power was granted to the company by the
legislatures of Massachusetts, Rhode Island and Connecticut, to issue $5,000,000 7 per cent,
cumulative preferred stock, of which $1,900,COO has been issued and the proceeds applied to
the extinguishment of the floating debt. On the 3lst of December, 1885, the receiver was
discharged and the property restored to the company.
The Richardson's Wharf property, which was previously occupied under a weekly rental,
was leased to the company May 1, 1886, at a yearly rental of $15,000 and taxes, with privi-
lege of purchase, after two years, for $300,000.
Rolling1 Stock, September 30, 1886. — Locomotive engines, 147. Cars — passenger, 150 ;
parlor, etc., 3: baggage, mail and express, 4t ; freight (box, 1,477; flat, 453; coal, 1,776;
stock, 3 ; caboose, 6:J), 3,772 ; service, 9- total, 3,975.
Operations for year ending September 30, 1886 (379.76 miles). — Train mileage — passen-
ger, 12:58,018; freight, 1,020,982; other, 737,778— total, 2,996,808 miles. Passengers car-
ried, 5,240,906 ; carried one mile, 63,870,470. Average rate, 2.02 cents. Tons freight moved,
2,099,3:;9 ; moved one mile, 135,470,333. Average rate, 1.67 cens.
Expenses.— Maintenance of Way $455,035 15
Eirnings.— Passenger $1.296,895 97
Freight 2,262,479 18
Mail 46,658 95
Express 98,161 42
Miscellaneous 164,798 73
Total ($10,174.83 per mile) $3,863,994 25
Maintenance of Cars 188,431 58
Motive Power 792,768 79
Transportation 909,157 64
Miscellaneous and Taxes 275,21248
Total ($6.900.69 per mile) $2,620,605 64
Net earnings (32.18 per cent.), $1,243,388.61 ; receipts from other sources, $85,411.52;
net income, $1,278,800.13. Payments: Rents, $C«6,2v5.27 ; interest on real estate indebted-
ness, $69,678.78; on Car Trust certificates, etc., $8,188.87; on floating debt, $94,269.38 ; on
1ft mortgage bonds, $660,000; on 2d mortgage bonds, $234,950; other charges, $1,318.04;
dividend on preferred stock (7 per cent.), $133,000— total, *1,267,640 34. Surplus, $11,-
159.79.
Lease Rentals : Rhode Island and Massachusetts RR., $'20,000 ; Newburgh, Dutchess
and Connecticut RR., $32,522.78 ; Springfield and New London RR., $4,250 ; Rockville RR.,
$4,000 ; Boston and Albany RR., $5,062,429— total, $66,235.27.
General Balance Sheet, September 30, 1886.
Road and Outfit (Berdell Bonds) ..._.._._„.. 820,000,000 00 Capital Stock Issued $19,313,000 00
Berdrll Bon-Is. Convertible 687,000 00
Underlying I.K-HS .chiefly 11.. P. <fc F. RR)
Equipment Pnrduwed through Car Trust*
Purchase. South Bo-ton Flats
Hint-on River Kxtcn-ion to Date. . .
Bond- unit Stork Conn. Cent. HR.Co....
10,300,8:15 18
1,471.000 24
i..v»!i,3flOOO
-'17 71
290.377 69
Stork of Ni-w Kualand Transfer Co 87,500 00
otlu-r [nveetmenU. 543.9)271
Preferred Stock 1,<KX),rOO 00
1- Doded r>rl>t 14,361.000 00
Mortgage Note, Drake's Wharf 125,000 00
Boston and All) my RR. Co 3(10000 00
l>uc on Purchase Piper Wharf 235,00000
'.'nr Trust 4,') !), 4 "
•V \ 11 1 I I 11 M tt> <|Jj 94 S
Bupplletand Materials 216.B01 08 State of Massachusetts list,
Current Accounts 440,564 26 I Vouchers and Pay Rolls .'...". 13181759
Cash on Hand 334,744 71 Sundry Accounts' and Credit Balances 143'rfO FO
"""""" *" Preferred Dividend, Payable Nov. 1, 1886. 66,600 00
Accrued Interest, etc 228,801 98
Total Liabilities $38,524,406 25
Profit and Low 670,202 12
Total Assets {88,524,406 35
POOh's MANUAL — NEW YORK AND NEW ENGLAND RR. CO.
65
Statement of operations, capital account, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned. . .
Miles of Rond Operated ....
Miles of Track
263.87
284 87
338.93
95.85
77
111
25-
1,081
993,410
555,783
2,633,937
36,158,591
871,187
36,654,669
$
788,217
1,058,723
86,572
263.87
293.29
344.67
123.76
87
119
30
1,871
1,030,683
612,901
3,121,057
41,762,072
968,549
43,678,700
I
893,516
1,250,527
180,897
333.16
325.56
426.59
238.00
103
137
30
2,381
1,282.402
768,387
3,793,180
46,738,566
1,176,795
64,5(55,865
8
1,029,586
1,420,758
242,030
332.32
380.12
454.06
251.58
103
137
87
3,299
1,335,249
1,071,724
4,536,082
55,853,672
1,572,374
103.668,653
$
1,171.623
1,837,890
293,276
326.47
384.37
496.49
332.25
95
133
35
2,259
1,274,178
1,354,856
4,470,331
53,815,074
1,801,360
153-213.010
8
1,112,641
2,114,524
341,488
326.47
382.32
549.84
373.44
147
152
40
3,550
1,216,547
1,169,087
4,368,090
54,299,316
1,786,531
138534,292
8
1,095,530
1,955,086
286,686
326.47
379.76
552.25
373.44
147
153
41
3,559
1,195,799
910,965
4,620,579
58,818,387
1,715,661
107.030,903
$
1,139,916
1,850,266
298,764
326.47
879.76
455.48
401.78
147
152
41
3,565
1,238,048
1,020,982
5,240,906
63,870,470
X.09!),339
135,470,S33
8
1,296,896
2,262,479
304,619
Miles of Steel Rail
Locomotive Engines
Passenger Cars
Baggage, etc., Cars
Freight Cars (= 8-wheel
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earninir8
Gross Earnings
1,933,511
1,447,182
2,324,940
1,607.800
2,692,374
1,913,815
3,302,789
2,477,432
3,568,653
3,163,525
3,337,902
2,941,626
3,288,946
2,301,717
3,863,994
2,620,605
Gross Expenses and Taxes.
Net Earnings
486,329
38,025
717,140
39,377
778,559
113,994
825,357
152,169
405,128
3.205
396,276
31,846
987,229
23.473
1,243,389
35,411
Other Receipts
Available Revenue
524,354
261,930
59,401
756,517
380,234
47,060
892,553
590,144
74,296
977,526
791,212
74,966
408.333
939,184
74,844
428,122
1,008,4 6
88,903
1,010,702
992,535
130,132
1,278.800
1,067,087
66,235
133,000
1,318
+ 11,160
10,174 83
6,900 69
3.274 14
67.82 p. c.
2.02 c.
1.67 c.
$
20,000,000
1,900,000
14,361,000
1,692,496
o70,910
Interest ....
Lease Rentals
Dividends (pref. 7 p. c.)
Other Charges
997
+ 328,226
7,927 10
5,294 94
2,632 16
66. 80 p. c.
2.14 c.
2.86 c.
$
20,000.000
12,610
+ 215,503
8,209 98
5,656 40
2,613 58
68. 39 p. c.
2.25 c.
2.20 c.
'$
20,000,000
14,214
+ 97,134
8,688 80
6,207 56
2,481 24
71. 44 p. c.
2.10c.
1.77 c.
$
20,000,000
25,910
-631,605
9,284 42
7,840 40
1,444 02
84.57 p. c.
2.07 c.
1.38 c.
8
20,000,000
1,495
-113,460
8,660 59
6,060 98
2,599 61
69.98 p. C.
1 94 c.
1.81 c.
8
20,000,000
Balance ( + or — )
+ 203,023
6,920 83
5,017 62
1,903 21
75.51 p. c.
2.15c.
2.86 c.
8
20,000,000
-669,277
8,730 65
7,691 53
1,039 12
88. 13 p. c.
2.02 c.
1.41 c.
$
20,000,000
Gross Earnings'per Mile . . .
Gross Expenses per Mile. .
Net Earnings per Mile
Expenses to Earnings
Aver, rate p. Pass, p. Mile .
Aver, rate p. Ton p. Mile. .
Common Stock
Preferred 7 p. c. Stock
Funded Debt
4,708,000
301,513
157,779
404,745
6,468,666
1,826,984
664,879
732,971
8,968,000
1,900,532
938,277
833,409
11,742,000
1,734,433
£87,401
930,543
12,381,000
1,849,551
1,424,314
169,402
12,833,000
3,353,086
1,795,952
14,031.000
2,289,971
1,818,017
Notes, etc
Accounts and Balances
Profit and Loss
Total Liabilities
25,572.037
25,294,203
105,164
103,765
68,905
29,692,&34
29,027,026
302,!!01
251,827
111,080
32,640,218
31,781,950
266,078
508,406
83,724
35,214,376
33,134,617
306,553
1,717,239
85,967
35,824.267
34,146,052
487,076
1,117,379
73,760
37,982,638
36,604,056
360,707
378,940
79,061
499,874
38,138,988
36,708,041
219,651
472,453
45,061
693,782
38.524,406
30,882,293
216,602
420,564
3:34,745
670,202
Property Account
Supplies, Materials, etc
Sundry Dues and Balances.
Cash on Hand
Profit and Loss
Total Assets
25,572,037
29,692,834
32,640,218
35,244,376
35,824,267
37,982,638
38,138,988
38,524,406
Funded debt : 1st mortgage 7 per cent, bonds (interest January and July), due January
1, 1905, $6,000,000 ; 1st mortgage 6 percent, bonds (interest January and July), due January
1, 1905, $4,000,000 ; 3d mortgage 6 per cent. 20-year bonds, due August 1, 1902 (interest
February and August), $3,363,000 ; 3 per cent, ditto, |998,000.
Trustees of 1st mortgage, Boston Safe Deposit and Trust Co. ; of 2d mortgage, Wm. T.
Hart, Eustace C. Fitz and Frederick J. Kingsbery. Registrars of stock : Boston Safe Deposit
and Trust Co., Boston, and Central Trust Co., New York.
The debt to the State of Massachusetts is for three lots of land in Boston, 12, 25 and 50
acres respectively, is payable by annual instalments in ten years, and bears interest at 4 per
cent. The debt to the B. & A. RR. Co. is for a lot of 50 acres, and bears 2 per cent, per annum
for the first five years, and 4 per cent, per annum for the remaining five years. These lands
were purchased to provide terminal facilities in Boston. The Drake's Wharf mortgage note
fell due in September, 1886, and was extended till September 9, 1889, at 4| per cent. ; interest
payable April and October. The Piper Wharf debt falls due December 1, 1887 ; interest, 4.8
per cent., payable monthly.
Annual meeting, second Tuesday in December. Closing of books fixed by directors not
5
66 POOR'S MVNUAL OF IUILROAD?.
less than 15 days prior to date of meeting, and they reopen immediately after the meeting.
In Boston $'20,000,000 stock and $10,000,000 1st mortgage bonds are listed on the Stock
Exchange, and in New York $20,000,000 stock, and $8,000,000 1st mortgage bonds.
RAILROADS LEASED OK OWNED BY THE NEW YOHK AND NEW ENGLAND RR. Co.
CONNECTICUT CENTRAL RAILROAD.— East Hartford, Conn., to Massachusetts State Line,
20.20 miles'; .I/.//YMV Jirii/x-ft, Melrose, Conn., to We*t Street, Rockville, Conn., 7.30 miles— total, 27.25 miles;
total track, 29.50 miles. Chartered in 1871 : main line opened in 1876 ; branch in 1877. Leased June 1, 1880, to
the New York and New England RR. Co. for 15 years, the lessee agreeing to pay as rental the income of the road
after paying expenses and interest, such rental being limited to 6 per cent, on the capital stock of the company.
No rental paid i-lnce. The Springfield and New London RR., which has been leased by this company. was trans-
ferred lo the N. Y. & N. E. RR. Co. Capital stock, $448.500 ; funded debt, 1st mort age 7 per cent. 2'>-year bonds
due October 1 1895, $825 000 • accounts payable, etc.. $12.914. IS— total, $786,414.16. Per contra : Construction
account, $770,655.25 ; materials, cash, etc., $2.853.67 : profit and loss, $12,905.24. The £325,000 first mortgage
bonds are all owned by the New York and New England RR. Co. Overdue interest to September 30, 1886,
$158,205. Suit has recently been brought for the foreclosure of the mortgage securing these bonds. D. D.
W.U:UKN. I'n*i'l'nt and Treasurer, Springfield, Mass.; T. M. Maltbie. Secretary, Hartford, Conn.
RHODE ISLAND AND MASSACHUSETTS RAILROAD tin Mass.,— Franklin to R. I. State
Line, 6.02 miles ; total track, 7.1 18 miles. Leased for $10,000 annually ; operated in connection with the R. I. and
Mass. RR. of R. I. Dividend 5 per cent. Rental, year 1885-86, $10,000. Dividends, paid, $5.000 ; balance, f 5.000.
Capital stock, $100,000 ; unfunded debt, $19 ; surplus, $22,225.43— total, $122.844.48. Cost of road, §112,321.18 ;
other assets. g9,!fc:3.30. JAMKS P. RAY, President ; Jos. G. Ray, Treasurer, Franklin, Mass.
RHODE ISLAND AND MASSACHUSETTS RAILROAD (in R. I.)— Valley Falls to Mass.
State Line, 6.98 miles ; total track, 7.20 miles. Chartered January, 1865 ; road opened in September. 1877.
Construction, §140.824.42 : other assets, $44,494.92. It is proposed to extend this line from Valley Falls to Provi-
dence also to consolidate this and tie Massachusetts company with the Mlford, Franklin and Providence RE. Co.
JONATHAN CIIACE, President ; Arnold B. Chace, Secretary and Treasurer. CORPORATE OFFICE, Valley Falls, R. I
ROCKVILLE RAILROAD.— Vernon, Conn., to Rockville, Conn., 4.80 miles ; total track, 5.55 miles!
Chartered May 6, 1857 : opened August 10, 18C3. Leased at an annual rental of $4,400. Cars— passenger, 2 ; bag-
gage, etc., 1. Gross income year, 1885-86, $4,400. Payments: Interest, $1,057.50; dividends, preferred stock
MAXWELL, President ; J. C. Hammond, Jr.' Secretary and Treasurer. CORPORATE OFFICE, Rockville, Conn.
SPRINGFIELD AND NEW LONDON RAILROAD.— Springfield, Mass,, to Connecticut State
Line, 7.50 miles ; total track, 8 miles. Chartered in 1874 ; road opened in 1876. Formerly leased to the Connecticut
Central RR. Co., but transferred to the New York and New England RR. Co. when that company became lessee of
the Connecticut Central RR. That lense expired December 31, 1885, and a new one was made at $3.000 per year,
with provision for the purchase of this company's stock by'the New York and New England RR. Co., at $52 per
share. Rental, etc., .885-86, $4,185 ; taxes, etc., $433.52 : net income, $3,298.48 ; dividend (January, 5} per cent.),
$5,593.25 ; deficit, $2,294.77. Capital stock, $198,145 ; debt, $49.50— total, 8198. 194.50. Construction. $187.805.52 ;
other property, £9,998 ; cash and cash assets, §152.52 ; profit and loss, $238.46. Dividends payable at Springfield,
Mass. EDWIN D. METCALF, President ; Jas. Kirkham, Treasurer. CORPORATE OFFICE, Springfield, Mass.
Board of Directors New York and New England RR. Co., elected December 14, 1886.
John L. Macanley . .New York, N. Y.
Eustace C. Fitz Boston, Mass.
Jonas H. French Boston, Mass.
St:inton Blake Boston, Mass.
George M. Rice... .Worcester, Mass.
Nicholas Sheldon.. Providence, R. I.
B. F. Vaughan Providence, R. I.
Fred. J. Kingsbury..Waterbury, Ct.
W. H. Stevenson Bridgeport, Ct.
A. E. Bateman New York, N. Y.
J. A. Bostwick . . . .New York, N. Y.
Vernon H. Brown. New York, N. Y.
llcnian Clark New York, N. Y.
John G. Moore New York, N. Y.
H. V. Newcombe. .New York, N. Y.
T. W. Pearsall . . . .New York, N. Y.
Elijah Smith New York, N. Y.
W. H. Btarbuck...New York, N. Y.
F. D. Tappen New York, N. Y.
J. A. BOSTWICK, President New York, N. Y.
William P. Sliinn, Vice- President Boston, Mass.
Sec. cfe Aunt, to I'rex.—i. W. Perkins Boston, Mass. I General Manager— Win. A. Stevenson Boston, Mass.
Treasurer— George B. Phippen Boston, Mass. \ Auditor— H. M. Kochersperger Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS No. 244 Federal St., Boston, Mass.
NEW YORK, NEW HAVEN AND HARTFORD RAILROAD COMPANY.
Main Lino of Rond. — Williamsbridge, N. Y., to Springfield, Mass 123.20 miles.
( New Britain : Berlin to New Britain, Ct 3.00
Branches : < Middlctoivn : Berlin to Middletown, Ct 10.00
/ SiiffieM : Winds r Locks to Suffield, Ct 4.50— 17.50 miles.
f Boaton and New York Air-Line Hit 50.00
Colchester Railioay 3.59
Leased : -< Harlem River and Portchester RR 11.80
Shore Line RR 50.97
L Stamford and New Canaan RR 8.30 — 124.66 miles.
Total length of all lines operated September 30, 1886 265.36 miles.
2d track— owned, 128.20; leased, 11.80— total, 135.00miles. Sidings — owned, 89.11 ; leased,
30.13— total, 119.24 miles. Total track— owned, 353.01 ; leased, 166.60— total, 519.61 mile?!
Gauge, 4 ft. 8J in. Rail, iron 57 Ibs., and steel (261.06 miles), 60 and 70 Ibs.
POOR'S MANUAL — NEW YORK, NEW HiVEN AND HARTFORD RR CO. 67
History.— Consolidation, July 24, 1872, of the New York and New Haven and the Hart-
ford and New Haven RR. Companies, the former chartered in Connecticut in May, 1844, and
in New York in January, 1846, and its rond opened January, 1849. The Hartford and New
Haven RR. Co. was chartered in Connecticut in May, 1883 ; the road was opened in 1839.
The Massachusetts portion of the road was built under the charter of the Hartford and
Springfield RR. Co., April 5, 1839, and completed in December, 1844. By an agreement
dated March 17, 1848, the New York and New Haven RR. uses the New York and Harlem
RR. from Williamsbridge into the City of New York. The rental is paid directly from earn-
ings as they accrue, and does not appear in the operating accounts. The Shore Line RR. is
leased in perpetuity at an annual rental of $100,000, from November 1, 1870. The accounts of
this road were kept separately previous to the year 1882. The Harlem River and Portcliester
RR. is leased for 99 years from October 1, 1873. On the 1st of October, 1882, the company leased
the Boston and New York Air-Line RR. (which see), and purchased toward the close of that
fiscal year a controlling interest in the Hartford and Connecticut Valley RR. It also owns a
majority of the stock of the New Haven and Northampton RR. Co. The Stamford and New
Canaan RR. is leased for one year from October 1, 1886, at an annual rent of $4,000. Its
stock is held as a part of the sinking fund of this company.
Rolling Stock. — Locomotive engines, 125. Cars — passenger, 300 ; baggage and mail, 91 ;
freight, 2,768 — total cars, 3,159. In addition the company leases 7 locomotives, 7 passenger,
4 mail and baggage, and 152 freight cars.
Operations for the year ending September 30, 1886. — Train mileage— passenger, 2,576,-
385; freight, 1,388,161; other, 1,OC8,697— total, 4,973,243 miles. Passengers carried, 8,267,
310 ; carried one mile, 226,162,644. Average rate per mile, 1.92 cents. Tons of freight
moved, 2,376,195 ; moved one mile, 139,175,052. Average rate per mile, 2.00 cents.
Earnings.— Passenger $4,225,698 20
Freight 2,795,240 72
Mail and Express 424,848 09
Rents and Extra Baggage 137,950 76
Total ($28,579.05 per mile) $7,583,737 77
Expenses.— Maintenance of Way $1,079,166 58
Rolling Stock 766,140 73
Transportation, etc 2,561,674 35
Miscellaneous and Taxes 560,994 36
Total ($18,721 .65 per mile) $4,967,976 02
Net earnings (34. 49 per cent.), $2,615,761.75; received interest, $18,208.64 — total net in-
come, $2,633,970.39. Payments : Interest, Harlem River and Portcliester RR. bonds, $170,-
000 ; on 1st mortgage bonds, $80,000 ; rentals (Shore Line Ry., $100,000 ; B. & N. Y. Air-
Line RR., $146,730; Stamford and New Canaan RR., $4,000), $250,730 ; dividends (January
and July, 5 per cent, each), $1,550,000— total, $2,050,730. Balance, surplus, $583,240.39.
The total receipts, including interest, amounted to $7,927,809.54, of which $325,863.13 was
paid as rental to the New York and Harlem RR.
Account of Receipts and Payments, year ending September 30, 1886.
Balance— Cash Assets, October 1, 1885 $2,563,803 18
Materials on Hand Oct. 1, 1885 363,050 22
Increase Accounts Payable 31,423 74
Sale of Real Estate 9,982 38
Income for Year 7,601,946 41
Total Receipts $10,570,205
Expenses, Taxes, Interest, etc $5,468,706 02
Construction (4 tracks) 95,391 35
Dividends 1,550,000 00
Materials on Hand 366,170 36
Balance— Cash Assets, etc 3,089,938 20
Total Payments $10,570,20593
Semi-annual dividends of five per cent, each have been paid regularly^since the organiza-
tion of the company in July, 1872.
General Balance Sheet, October 1, 1886.
Construction Account $13,056,686 24
Equipment Account 2,479,32ti 35
Materials and Supplies 366,17036
Real Estate, Docks and Wharves 999,714 59
New Construction 229,009 90
Other Investments 1,206,819 84
Sinking Fund 1,184,257 55
Cash and Cash Assets 1,883.118 36
Total Assets $21,405,103 19
Capital Stock $15,500,00000
Funded Debt 2,000,000 00
Interest Unpaid 26,666 67
Accounts Payable ... 615,021 13
Contingent Accounts 236,989 18
Profit and Loss 3,026,426 21
Total Liabilities $21,405,103 19
"Other investments:" Advances to H. R. & P. C. RR., $17,009.84; loans, stocks and
bills receivable, $1,189,810.
" Cash and Cash Assets : " Due from agents, $123,045.09 • due from connecting roads
$134,163.26 ; cash, $1,625,910.01.
68 POOR'S MANUAL — NEW YORK, NEW HAVEN AND HARTFORD RR. CO.
Statement of operations, capital account, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of RR. Operated .
Piissencrr Train Miles .
Fr«'i«ht Train Miles.. .
Passengers Carried. ..
Passenger Miles
153.30
1,8S6,«B4
843,736
3,W7,S'..!I
103.113,443
1,209,630
63,1*7,479
2,150,552
1,494,201
269,929
152.50
1,441,6'M
!I49,853
4,000,507
125,300,345
1,348.678
7s,3; 2,800
8
2.347,565
1,634,1)92
271,157
152.50
1.556,651
1,255,846
5,295,793
152,730,696
1,665,513
116,611,607
2,755,438
1,903,703
287,005
203.47
2,017,636
1.559,368
<U97,.-Ki
185,261,407
1,908,322
117,459,231
3.393,514
2,065,856
466,741
257.06
2,277,552
1,409,036
7,079,16«
19G,380,H29
2,160,023
131,051,708
$
3,749,473
2,507,623
478,278
265.S7
2,365,746
1,461.939
7.582,213
200,077,775
2.181,250
125,743,803
9
3,918,409
2,440.919
513,004
265.36
2,526,616
1,314.437
7,705,575
208,676,877
2.148,4«8
124,168,149
$
3,945,141
2.423,594
515,803
265.36
2,5:6.385
1,388,161
8,267,310
22(5,162,644
2.370.195
139,175,052
$
4,225,698
2,795,241
502,799
Freight (tons) Moved. .
Freight (ton) Miles... .
Passenger Earnings
Freight Earnings
Exp., Mail, etc., Rec'pts.
Gross Earnings
Expenses and Taxes
Net Earnings
3. '.112,742
2,241,984
4.252,814
2,599,250
4,946,146
2,993,102
5,926,111
3,968,119
6,729,374
4,666,463
6,872,632
4,828,246
6,884,538
4,623,987
7,583,738
4,967,976
1,670,808
20,852
1,653,564
41,421
1,953,044
81,171
1,957,992
11,696
2,062,911
2,044.086
14,927
2,260,551
11,287
2,615,702
18,208
Other Receipts
Available Revenue
1,691,660
130,000
1,684,985
130,000
2,034,215
143,333
1,669,688
270,000
2,062,911
420,354
38,883
1,550,000
53,674
26,17822
18,15321
8.025 01
69.34 p. c.
1.98c.
1.89c.
140.70
334.83
259.40
115
281
83
•2,265
8
15.500,000
2,000,000
2,000
564,323
236,989
2,213,146
2,059,013
419,790
80,052
1,550,000
9,171
25,897 17
18,194 39
7,702 78
70.26 p. c.
1.96C.
1.96C.
140.70
359.88
259.40
121
293
83
2,641
9
15,500.000
2,000,000
1,000
580,822
236,989
2,222,318
2,271, £38
420,970
80,000
1,550,000
220,868
25,944 14
17,425 33
8,518 81
67.17 p. C.
1.94c.
1.96C.
140.70
349.50
260.18
121
295
83
2,271
8
15,500,000
2,000,000
2,68:1,970
420,730
80,000
1,5.^0.000
583,240
28,579 05
18,?21 65
9,85740
65.51 p. c.
l.OSc.
2.00c.
140.70
a53.01
201.06
125
300
91
2,768
15,500.000
2,000,000
Lease Rentals
Intf rest
Dividends
1,550,000
11,660
26,34762
14,720 51
11,62711
57. 2» p. c.
2.08C.
2.36 c.
140. SO
320.50
244.79
94
202
60
1,478
15,500,000
1,550,000
14,985
27,917 86
17,04466
10,873 10
61.12 p. c.
1.87C.
2.09c.
140.70
325.43
246.64
97
204
60
1,538
S
15,500,000
1,550,000
340,882
32,43374
19,626 89
12,80685
60.51 p. c.
l.SOc.
1.63 c.
140.70
330.&5
254.07
100
201
68
2,147
15,500,000
1,550,000
149,688
29,12562
19,502 72
9,6^290
66.96 p. c.
1.91c.
1 .76 c.
140.70
334.83
259.40
105
228
82
2,153
$
15,500,000
Balance, Surplus
Gross Earnings per Mile.
Gross Expenses per Mile.
Net Earnlngsper Mile. . .
Expenses to Earnings . . .
Aver. Rate p. Pass. p. M.
Aver. Rate p. Ton p. M . .
Miles of RR. Owned....
Miles of Track
Miles of Steel Rail
Locomotive Engines
Passtnger Cars
Bapgage, Mail, etc., Cars.
Freight Cars
Capital Stock
Funded Debt...
Bills Payable
3,000
256,717
169,261
1,961,036
3,000
328,431
169,262
1,976,022
364,665
313,333
189,018
2,030,270
514,762
592,918
189,018
2,179,958
Sundry Accounts
610,264
236,98^
2,443,186
641,688
236,989
3,026,426
Contingent Account
Profit and LOBS Account.
Total Liabilities
Railroad
17,890.015
12.889,584
2,154.455
688,9)3
370,435
154,101
17,976.714
12,889,540
2,154,455
688,963
449,132
99,615
18,397,286
12,889,584
2,154,455
688,9(3
373,581
18,976,656
12.889,584
2,154,455
688,963
347,802
20,516,458
12,987.359
2.414,326
1,052,74-4
572,883
20,541,129
13,056.686
2,479,326
2,140.844
659,808
20,790.439
1 3,056,(>86
2,479,326
2,1CO,835
363,050
21.405.1P3
13.tt50.086
2,479,326
2,435,544
360,170
Rolling Stock
Other Property, etc
Material and Supply
Shore Line RR
Sinking Fund
1,136,287
1,759,565
1,184,257
2,304,889
1,184,258
1,020,207
1,184,258
1,546,284
1,184,258
1,833,119
Cash and Cash Assets. ..
Total Assets
1,032,467
1,694,965
2.290,753
17,890,015
17,976,714
18,397,286
18,976,656
20,516,458
20,541,129
20,790,439
21,405,103
Funded debt : 1st mortgage 4 per cent. 20-year bonds, due Jane 1, 1903, interest June and
December (authorized $5,000,000), $2,000,000. These bonds are a first mortgage on the main
line. The amount issued realized a premium of $47,971.09, and of the proceeds about $512,-
000 were used in paying off the indebtedness incurred in purchasing the securities of the
Hartford and Connecticut Valley RR. Co., and about $710,000 in paying for additions and
betterments to the property. The balance is still on hand, to be used in further improving
the company's property.
At the annual meeting, January 12, 1881, the stockholders accepted an amendment to the
charter, authorized March 23, 1880, allowing the ocmpany to acquire and use steamboats and
car-floats, and to acquire and sell shares in any Connecticut corporation owning or operating
ooats designed for transportation of cars, providing no expenditure so made should exceed 2
per rent, of the company's stock.
Amounts paid New York and Harlem RR. Co. for tolls, not appearing above • In 1877
$235,766.88; 1878, $228.988.92; 1879, $227,239.31 ; 1880, $2:39,107; 1881, $265,307.83- 1882*
$291 ,',03.67; 1883, $306,889.29; 1884, $313,575.47; 1885, $319,457.13; 1886, $325,863.13.
POOR'S MANUAL OF BAILBOADS. 69
Annual meeting, third Wednesday in December. Books close for annual meeting from
ten to twenty days previously, and for dividends from twenty to twenty-five days prior to their
payment, reopening the third day after dividend payments. Dividends will hereafter be paid
quarterly on the first days of January, April, July and October, 2£ per cent, each, instead of
5 per cent, semi-annually as heretofore. The State Treasurer of Connecticut is trustee of the
bonds, and the Farmers' Loan and Trust Co., of New York, registrar of the stock. Stock and
bonds listed on New York Stock Exchange.
RAILROADS LEASED OR OWNED BY THE N. Y., N. H. & H. RB. Co.
BOSTON AND NEW YORK AIR-LINE RAILROAD. -Now Haven to Willimantic, Ct., 50
miles. Sidings, etc., 6.63 miles. Rail (steel), 56 and 70 Ibs. Chartered in 1846 as New York and Boston RR.
Co.; in 1867, as New Haven, Middletown and Willimuntic RR. Co., and in 1875 under existing title. Road opened
August 13, 1873. Sold under foreclosure in 1875, and bonds exchanged for new stock. From February 1, 1379, to
the close of the fiscal year 1882, it was operated under a 5-year agreement by the New York, New Haven and Hartford
RR. Co. (See MANUAL lor 1884, p. 102). On pctober 1, 1883, was leased to the N. Y., N. H. & H. Co. for 99 years,
the annual rental being equal to 4 per cent, dividends (payable semi-annnally. April and October) on the preferred
stock, interest on bonds, and taxes. The lessee also ascumes payment ol interest on $25,000 bonds Colchester RR.
Co. General Balance Sheet, Sent. 30, 1886.— Construction, $4,436,237.83 ; equipment, $129,931.94 ; cash, $33,739.-
38— total assets, $4,599,909.15. Capital slock, $3,862,708.38; funded debt, £500.000; profit and loss, $237,200.77.
The capital stock consists of $836,100 common, $2,989,000 preferred, $11,000 convertible bonds N. H., M. & W.
RR. Co., and $26,608.38 stock scrip. The funded debt consists of $500,000 1st mortgage 5 per cent. 25-year bonds,
due August 1, 1905. interest February and Ain;ust. Prior to date of lease this company paid four semi-annual
dividends of one per cent, each— in 1881 and 1882. HENRY B. HAMMOND, President ; Win. L. Squire, Treasurer,
New York, N. Y. CORPORATE OFFICE, Ne\v Haven, Ct.
COLCHESTER RAILWAY.— Turnerville to Colchester, 3.59 miles : 0.25 mile sidings. Owned by the
town of Colchester and operated by the N. Y., N. H. & H. RR. Co. Capital stock, $25,000 ; funded debt, 1st
mortgage 7 per cent, bonds, interest upon which is guaranteed by the New York, New Haven and Hartford RR.
Co., $25,000— total liabilities, $50,000, representing cost of road. ERASTUS S. DAT, President ; Giles C. Wickwire,
Treasurer : Ira A. Dinsmore, Secretary. CORPORATE OFFICE, Colchester, Ct.
HARLEM RIVER AND PORTCHESTER RAILROAD.-New Rochelle to Harlem River, 11.80
miles. Total track (steel, 23 60), 35.96 miles. Chartered April 23. 1866 ; opened November 24. 1873. Leased to
New York, New Haven and Hartford RR. Co., September 30, 1873. Rental, interest on bonds. Capital stock
(authorize ', $1,000,000), paid in, $42,160 ; funded debt ($1,000,000 1st mortgage 6 per cent. 30-year bonds, dated
October, 1873 ; $1,000.000 7 per cent. 30-year bonds, dated October 1, 1873 ; $1,000,000 2d mortgage 4 per cent. 30
year bonds, dated June, 1881), $3,000,000 : unfunded debt, $17,009.84— total, representing cost of road, etc., $3,-
059.169.84. GEORGE H. WATHOUS, President, New Haven, Conn. ; W. L. Squire, Trtasurer ; W. E. Barnett,
Secretary, New York, N. Y.
SHORE LINE RAILWAY.— New Haven to New London, 50.97 miles. Total track (steel, 50.97 railes),
60.73 miles. Chartered as New Haven and New London RR. Co., May, 1848 ; opened July, 1852. Leased to New
York and New Haven RR. Co., November 1, 1S70, at an annual rent of $100,000. Lease transferred to present
company (as successor of the latter), in report of which its operations are included. Rental in 1885-86, $100,000.
Payments : Taxes, $15.456.22 ; expenses, $413.40 ; interest. $9,114.44 ; dividends (January 3| per cent, and July 4
per cent.), $75,000— total, $99,984.06. Balance, surplus, $15.94. Capital stock, $1.000,000 ; funded debt, 1st mort-
gage 4i per cent, bonds, March 1, 1880-1910, $200,000 -total, $1,200,000. Contra: Cost of road, etc., $1,169,496.10 ;
cash, $4,393.49; profit and loss, $26,110.41. SIMEON B. CHITTENDEN, President, Brooklyn, N. Y. : E. H. Trow-
bridge, Vice- President ; Wilbur F. Day, Secretary and Treasurer, New Haven, Ct. CORPORATE OFFICE, New
Haven, Ct.
STAMFORD AND NEW CANAAN RAILROAD.— New Canaan to Stamford, Ct., 8.3 miles.
Toial track (steel, 2.97 miles), 9.21 miles. Gauge, 4 ft. S^ in. Rail, 56 and 70 Ibs. Chartered as New Canaan RR.
Co. in May, 1866 ; road opened July 4, 1868. Placed in hands of trustees January 1, 1879. Sold under foreclosure
and reorganized under present title February 1, 1883. Leased October 1, 1884, to the New York, New Haven and
Hartford RR. Co., at a rental of $4.000 Paid dividends (April and September, 1886, 2 per cent, each), $4,000.
Capital stock, $99,877.46. Cost of property, $99,877.46. GEO. H. WATROUS. President, New Haven, Ct. ; William
L. Squire, Treasurer, New York, N. Y. CORPORATE OFFICE, Grand Central Depot, New York, N. Y.
Board of Directors N. Y., N. H. & H. RR. Co., elected December 15, 1886.
Chnuncey M. Depew.NewYork, N.Y.
Wilson G Hunt . . .New York, N. Y.
George N. Miller. . .New York, N. Y.
Joseph Park New York, N. Y.
Abram R.Van Nest. New York, N. Y.
William D. Bishop. ..Bridgeport, ft.
Nathaniel Wheeler . . Bridgeport, Ct.
Edward M. Reed .... New Haven, Ct.
E. H. Trowbridge. . .New Haven, Ct.
George H. Watroiis..New Haven, Ct.
Henry C. Robinson Hartford, Ct.
C. M. Pond Hartford, Ct.
Charles P. Clark Boston, Mass.
CHARLES P. CLARK, President Boston, Mass.
Vice-President— Edward M. Reed New Haven, Ct.
Secretary— Wm. D. Bishop, Jr New Haven, Ct.
Treasurer— W. L. Squire New York, N. Y. General Supt.—O. M. Shepard New Haven, Ct.
Auditor— S. C. Fleetwood New York, N. Y.
GENERAL OFFICE Grand Central Station, New York, N. Y.
NEW YORK, PROVIDENCE AND BOSTON RAILROAD COMPANY.
Main Line of Road.— Providence, R. I., to Groton, Ct 62.50 miles.
Warwick Branch Railroad, Auburn, R. I., to Buttonwoods, R. I -.9.90
Ponliac Branch Railroad, Auburn, R. I , to Pontiac, R. 1 4.69—14.59 miles.
Leased : Pawtuxet Vattey RR., Pontiac, R. L, to Hope, R. 1 5.67 miles.
Total length of lines owned and leased 82.76 miles.
2d track, 53.29 ; sidings, 15.74 m. Gauge, 4 ft. 8£ in. Rail (steel, 134.29 miles), 60 to 72 Ibs.
History. — The New York, Providence and Boston Railroad Company, chartered in Rhode
70
POOR'S MANUAL— NEW YORK, PROVIDENCE AND BOSTON RR. CO.
Island, in June, 1832, and the New York and Stonington Railroad Company, chartered in Con-
necticut in May, 1832, were consolidated under the name of the former, July 1, 1833, and the
road, extending from Providence, R. I., to Stonington, Ct., 50 miles, was opened November
10, 1837. The New London and Stonington Railroad Co. was chartered in May, 1852, and
opened its road from Stonington to New London, 12.50 miles, December 30, 1858. It was
leased in December, 1859, for five years, at the expiration of which time it was purchased.
The Warwick Railroad Company was chartered in 1853, and road opened from Auburn to
Oakland Beach, 8.6 miles, July 5, 1875. Sold under foreclosure in 1879, and reorganized as
Rhode Island Central RR. Co. Purchased for $45,000 by the New York, Providence and
Boston RR. Co., in 1880. Road extended to Button woods in 1881. The Pontiac Branch was
chartered in 1875 ; road opened in 1876 ; leased January 1, 1880 ; purchased January 1, 1885.
The company owns a controlling interest in the Providence and Stonington Steamboat line, a
consolidation (April 1, 1875) of the New York and Stonington and the Providence and New
York lines, with a capita! of $1,400,000.
Rolling Stock.— Locomotive engines, 32. Cars— passenger, 47; baggHge and mail, 14 ;
merchandise, 163 ; coal, gravel, etc.. 234— total, 458. Also, $&da of 22 passenger, 9 baggage,
and 2 postal cars in Shore Line ; Jfo of 16 drawing-room and 8 sleeping cars in Shore Line ;
and jj^ths of 10 passenger cars, 1 baggage car, and 2 baggage flats in steamboat line. Also, 2
steam ferryboats.
Operations for year ending September 30, 1886. — Trains run — passenger, 552, 161 ; freight,
247340; other, 34.364— total, 833 ,865 miles. Passengers carried, 1,581,740 ; carried one mile,
80,573,526. Average rate per mile, 2.13 cents. Tons freight moved, 492,837; moved one
mile, 20,489,660. Average rate per ton per mile, 2.47 cents.
Expenses.— Maintenance of Way, etc $250,802 69
Rolling Stock 112,567 77
Transportation, etc 387,122 41
Earn. ngs.— Passenger §652,881 69
Freight 508,051 38
Mail and Express 53,590 72
Miscellaneous 22,59647
Miscellaneous,- Taxes, etc 92,890 99
Total ($14,948.29 per mile) $1,237,120 26 Total ($10,190.72 per mile)
Net earnings (31.83 per cent.), $393,736.40; received dividends, Providence and Stoniug-
ton Steamship Co., $80,490; available revenue, $474,226.40. Payments: Interest, $80,-
917.84; rental Pawtuxet Valley RR., $17,663; dividends (quarterly, 2 per cent, each, Nov.,
Feb., May, Aug.), $240,000— total, $338,580.84. Surplus, $135,645.56. Add surplus from
last year, $1,020,569.57— total, as per Balance Sheet, $1,156,215.13.
Statement of operations, earnings, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
62.50
32f,,71fi
164,012
807.865
19,877.410
692.603
11,467,971
$
363,204
810,776
15,028
62.50
371.472
183,5!)9
859,843
22,167,232
303,096
11,290,326
$
419,300
344.544
16,141
82.79
412,482
188,680
932.936
22,862,036
351,628
13,098,143
1
522,764
366,072
61,107
82.73
431,731
148,951
1,026,495
23,&36.50:>
394,631
14,700,005
$
562,001
432,808
63,258
82.73
548,057
143,468
,, >;:.!n-j
27,016,757
413,001
15,314.287
$
598,765
450.K16
75,559
82.73
543,666
146,440
1.361,463
28,168.212
448,008
16,688,298
633.242
. 473,397
78,692
82.73
519,419
254,337
1,431,264
27,373,012
403,359
16,868,280
$
599,652
464,514
75,719
82.76
552.161
247.340
1,581,740
30,573.526
4S2.&37
20,4^9,660
$
6T>2,882
508,051
76,187
Passenger Train Miles
Freight Tral n Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earning
Mail, Express, etc
Gross Earnings. . .
e'W.OOfi
465,9< i9
779.885
4»il,!)!»5
949,043
602,472
1,058,067
690,571
1,125,937
714,305
1,185,331
727,655
1,139,886
732,357
1.237,120
843,384
Expenses and Taxes
Net Earnings
22-!.<«'.>
84.514
11,103
817,890
64,392
9,795
347,471
8*57,496
411,632
457,675
407,529
40,245
393,736
80,490
Kton. s. 15. Dividends
Other Receipts
7,775
7,588
7,507
Available Revenue
3l8.ti.-ifi
77,858
892.077
79,087
385,246
79,804
875,079
78,402
419,139
80,286
457,675
81,994
447,774
83,226
29,159
(8) 240,000
+ 95,389
13,778 38
8,852 37
4.926 01
64. 25 p. c.
474,226
80.918
17,663
(8) 240.CCO
+ 135,645
14,948 29
10,190 72
4.757 57
68. 17 p. c.
IlltiTi-st
UrlltllU
I)m<l. -lulu (Nov., K..M..A,)
Balance ( + or — )
(8) '255.666
- 18,597
11.034 13
6,941 31
4.08282
68. 65 p. c.
(8) 240/00
+ 73,040
12,050 15
6,963 11
5,08704
56. 80 p. c.
(8) 240,666
+ 85,941
11,474 12
6,945 82
4.528 80
110.54 p. c.
(8) 240,000
+ 56,677
12,780 12
8,341 28
4.438 89
65.27 p. C.
(8) 240,000
+ 98,853
13.609 79
8,1534 18
4,975 61
68.44 p. c.
(8) 240,666
+ 135,681
14,326 49
8.795 54
5,530 95
61 .39 p. c.
Grow Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
POORS MANUAL OF RAILROADS. 71
Financial Statement, September 30, 1886.— Capital stock, $3,000,000 ; funded debt,
$1,300,000 ; profit and loss, $1,156,215.13— total, $5,456,215.13. Contra: Construction and
equipment, $3,276,954.95 ; real estate, $40,186.90; Stonington extension, $481,178.84 ; ferry-
boats, $157,140.01 Warwick Branch extension, $68,820.98 ; Pontiac Branch RR., $69,780 ;
Pawtuxet Valley RR. construction account, $5,236.63 ; Harbor Junction wharf, $66,046.25 ;
Pintsch Gas Works, $14,887.71 ; proportion of Wagner drawing-room and sleep'ng cars,
$32,659.68 ; Providence and Stonington S. S. Co. stock, $804.900 ; Narragansett Pier RR.
stock, $15,000; Wood River Branch RR. stock, $20,000; material and supplies, $94,807.04;
accounts, $106 545.40 ; cash, $202,020.74.
Funded debt consisted, September 30, 1886, of —
1st mort. (Providence to Stonington, 50 mile?) 7 p. c. 30-year bonds, due July 1, 1899, Int. Jan. & July. . .$1,000,000
1st mort. (Stonington to New London, 13 miles) 4 p. c. 20 year bonds, due Apr. 1, 1901, int. Apr. & Oct. 300,000
Annual meeting, second Wednesday in December. Books cloee for annual meeting and
for dividend payments ten days prior to each. Interest and dividends payable at the Central
Trust Co., 15 Nassau Street, New York.
PAWTUXET VALLEY RAILROAD.— Pontiac, K. I., to Hope, R. I., 5 67 miles ; sidings, 1 mile.
Chartered August 27, 1372; road opened August 1, 1874. Leased to N. Y., P. & B. RR. Co. for 99 years from July
1, 1884, at an annual rental equalling interest on bonds, and 7 per cent, on stock, payable semi-annually, January
and July. The company has paid since its organization 17 dividends, aggregating 58.50 per cent. Capital stock,
$100,900 ; funded debt, 1st mortgage 1 per cent. 20-year bonds, due July 1, 181)3, interest January and July, $100,-
000; 2d mortgage 0 per cent. 20-year bonds, due April 1, 1900, interest April and October, $60,000— total, represent-
ing cost of road. etc.. $260,900. HENRY HOWARD, President ; Wm. H. Pope, Secretary and Treasurer. COK-
POBAT.E OFFICE, Providence, R. I.
Board of Directors N. Y., P. & B. ER. Co., elected December 8, 1886.
Samuel D. Babcock.New York, N.Y.
J. W. Wood South Orange, N.J.
John L. Riker New York, N.Y.
George M. Miller. .New York, N. Y.
Wm. P. Dixon....New York, N. Y.
Henry Howard Coventry, R. I.
Robert Knight Providence, R. I.
B. N. Lapham Providence, R. I.
Nathan P. Dixon Westerly, R. I.
George Peabody Wetmore.. .Newport, R. I. | Henry C. Robinson Hartford, Conn.
SAMUEL D. BABCOCK, President New York, N. Y.
George M. Miller, Vice-President New York, N. Y.
Sec. and Treas.—A.. R. Longley, Jr Stonington, Ct. | General Manager— J. W. Miller New York, N. Y.
Svperintendeid— J. B. Gardner Providence, R. I.
PRINCIPAL OFFICE Stonington, Ct.
NORWICH AND WORCESTER RAILROAD COMPANY.
Main Line of Road. — Norwich, Ct., to Worcester, Mass 59.75 miles.
Allyris Point Extension : Norwich to Allyn's Point 6.30 miles.
New London Northern RR. Connection : In Norwich 0.43 miles.
Total length of railroad operated 66.48 miles.
Sidings, etc., 21. 10 miles. Gauge, 4 ft. 84 in. Rail (steel, 53.48 miles), 601bs.
History. — Consolidation in May, 1836, of the Boston, Norwich and New London RR. Co.,
chartered in May, 1832, and the Worcester and Norwich RR. Co., chartered March, 1833.
The consolidated company was organized early in 1837. The line between New London and
Worcester was opened in March, 1840 ; the Allyn's Point Extension in June, 1854. Operated
under temporary agreement by the New York and New England RR. Co. Accounts kept
separately. The New York and New England RR. Co. guarantees the interest on bonds (6
per cent.) and dividends on stock at the rate of 8 per cent, per annum, the dividend having
been reduced on February 18, 1885, from 10 per cent.
Rolling Stock, September 30, 1886. — Locomotive engines, 17. Cars— passenger, 10 ;
baggage, mail and express, 7 ; freight (box, 255 ; platform, 174 ; coal, 292 ; caboose, 6), 727 ;
other, 1 — total cars, 745.
Operalions for year ending September 30, 1886. — Train mileage — passenger, 176,639 ;
freight, 171,290 ; mixed, 172,040 ; other, 15,878— total, 535,847 miles. Passengers carried,
565,455 ; carried one mile, 8,620,282 ; average mile rate, 2.24 cents. Tons freight moved,
689,749 ; moved one mile, 22,495,269 ; average ton-mile rate, 2.36 cents.
72
POOR'S MANUAL — NORWICH AND WORCESTER RR. CO.
Earnlngf.-Passenger $193,06259
Freight 630,664 13
Mall 5,77054
Express 15,600 00
Miscellaneous ... .... 974 28
Expenses.— Transportation $174.527 71
MotivePower 110,426 17
Maintenance of Care 42,735 34
Maintenance Way and Buildings 80,929 59
Miscellaneous and Taxes... . 59,66372
Total ($7,135.42 per mile) $474,282 53
Add other receipts, $2,587.52— total. $274,-
Total ($11,222.50 per mile) $746,071 54
Net earnings (86. 41 per cent.), $271,789.01.
370.58. Payments : Interest on bonds, $24,000 ; interest on debt, $157.52 ; rental, N. L. N.
KR., $40,475; dividends (January and July, 4 per cent.), $207,824— total, $272,456.52. Bal-
ance, surplus, $1,920.01 : less $992.89 paid to N. Y. & N. E. RR. Net surplus, $927.12 ; sur-
plus from last year $854,012.97 ; surplus as per balance sheet, $854,940.09.
General Balance Sheet. September 80, 1886.
Capital Stock • $2,604,400 00
Cost of Road $3,309,556 82
Co.-tof RollingStock 179,750 67
Stocks and Real Estate 273,107 08
Materials and Fuel on Hand 58,178 63
Bills, Accounts, etc 173,49024
Cash on hand. . . 50,898 43
Funded Debt Outstanding 400,000 00
Bills Payable 17,500 00
Current Accounts 138,878 78
Coupons and Dividends 29,263 00
Profit and Loss.... 854,94009
Total Assets $4,044,981 87 Total Liabilities $4,044,981 87
Funded debt consists of $400, 000 1st mortgage 6 percent. 20-year (coupon ($1,000) bonds,
due March 1, 1897, interest March and September, at New England Trust Co., Boston.
Annual meeting, second Wednesday in January. Books do not close in advance of annual
meeting, but close for dividends about ten days prior to date of payment. Of the stock
$6,600 is old common stock which was never presented for exchange into preferred stock, and
on which 110 dividends are paid. Dividends are paid January and July at Second National
Bank, Boston. Whole number of dividends paid to date, 62.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Train Miles
458,124
380,226
8,352,657
404,068
15,153,748
$
666,592
891,372
390,568
400,181
7,02r>,269
467,982
17,933,576
s
705,948
418,875
417,292
396,974
6,667,656
548,763
19,354,211
$
736,482
460,447
386.435
423,720
7,873,405
605,553
21,598,654
8
813,648
480,200
363,865
433,923
7,538,729
622,2.30
21,381,574
8
780,853
498,467
341,277
454,011
7,894,888
609,S64
25,107,525
8
724,&57
404,387
338.600
507,233
8,007,221
546,059
18,911,944
8
677,719
427,998
535,847
565,455
8,62u.2?2
689,749
22.495,269
8
746,072
474.2S3
Passengers Carried
•IT Miles
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings.
Expenses ancT Taxes
Net Earnings
275,220
467,097
287,073
114,963
276,035
63,509
333,388
35,213
282.386
5,453
260,470
37,044
249,731
72,662
27 1 ,789
2,588
Other Receipts
Available Revenue
742,317
36,000
24,029
(10)259,780
45,794
+ 876,714
10,042 61
5.!ft>4 SS
4,118 33
58. 84 p. c.
2.14c.
S.lOc.
402,035
86,898
24.125
(10)259,780
96,042
- 14.811
10,642 59
6,258 75
4,383 84
52.11 p. c.
2.58c.
2.82c.
339,544
38,800
25.198
(10)2^9,780
103,958
-88,193
11,078 24
6,362 44
4,715 80
57.44 p. c.
2.80 c.
2.66 C.
368,601
37,210
24.659
(10)259,780
8,153
+ 38,799
18,768 82
7.224 13
5,544 69
56. 58 p. c.
2.80 c.
2.70 c.
287,839
26.KJ9
(10)259,780
4,320
-38,660
11.745 69
8.041 92
8,703 77
68. 47 p. c.
2.76 c.
2.57 c.
297,514
38,175
24.679
(10)259,780
3,854
- 28,974
10.903 39
6,P85 36
3,918 03
64.07 p. c.
2.46 c.
2.02 c.
322,493
40,0.r-0
24,396
(9) 233,80-,'
28
+ 24,217
10,194 88
6,437 85
3,756 48
63. 15 p. c.
2.26 c.
2.40 c.
274,377
40.475
24,158
(S) 207,^24
Lease Rentals, etc
Interest
Dividends
Sundries
Balance ( •+• or — )
+ 927
11,222 50
7,135 42
4.088 28
63. 59 p. c,
2.24 c.
2.36 c.
Gross Earnings per Mile . .
Gross Expenses per Mile.
Net Kiirnings per Mile...
Expenses to Earningn
Aver. Rate p. Pass. p. M. .
Aver. Rate p. Ton p. Mile .
Directors (elected January 12, 1887).— Lorenzo Blackstone, William A. Slater, Norwich,
Ct. ; F. H. Dewey, Thomas B. Eaton, Samuel Woodward, Josiah II. Clark, Edward L. Davis,
Worcester, Mass. ; W. Bayard Cutting, New York, N. Y.
FRANCIS H. DEWEY, President ..Worcester, Mass.
Trewntrer— George L. Perkins Norwich.
Secretary— Ed ward T. Clapp Norwich.
Superintentltnt and Mgr.—Y. St. M. Andrews. .Norwich.
Auditor— M. M. Whittemore. Norwich.
PRINCIPAL OFFICE AND ADDRESS Norwich, Ct.
Transfer Agent Second National Bank, Boston, Mass.
POOR'S MANUAL OF RAILROADS. 73
OLD COLONY RAILROAD COMPANY.
Main Lines of Road. — Boston, Mass., to Provincetown, Mass I'-JO.Ol miles.
South Brnintre.e, Mass., to Plymouth, Mass 26.04
Braintree, Mass., to Kingston, Mass 32.84
Mayflower Park, Mas?., to Newport, R. 1 55.02
Middleborough, Mass., to Somerset Junction, Mass 14.96
Raynham, Mass. , to Whittenton Junction, Mass 8.38
New Bedford, Mass., to Fitchhurg 91.02
Frauiingham to Lowell 26.12—248.88 miles.
Total length of main lines 308.89 miles.
Middleborough and Taunton 8.04
Bridgewater : South Abiugton to Bridgewater 7.33
Granite : Atlantic to Braintree 5.41
Wood's Hott : Cohasset Narrows to Wood's Holl 17.54
Hyannis : Yarmouth to Hyannis 6.05
Branches: •
Sterling : Pratt's Junction to Sterling Junction 5.67
Attleborough : Whittenton Junction to Attleborough 8.60
Fairhaven : Tremont to Fairhaven 15.17
Boston, 1.65; Shawmut, 2.89; F. R., W. & P. Ext.,
2.16; Lancaster, 1.63; Marlborough, 1.47; Framing-
L ham Prison, 0.81 ; Acushnet, 0.35 ; Brockton, 0.75 11.21— 84.02 miles.
Leased ( Dorchester and Milton RR. : Neponset to Mattapan 3. 30 miles.
Lines : \ Fall River RR.: New Bedford to Fall River, Mass 12.25 miles.
Total length of railroad operated 468.46 miles.
2d track, 94.10 ; sidings, 154.21 miles. Gauge, 4ft. 8Jin. Rail (steel, 521.71m.), 56 to 67 Ibs.
The Old Colony RR. Co., in addition to its railroads, owns a controlling interest in the
Old Colony and the New Bedford, Martha's Vineyard and Nantucket (formerly Nantucket
and Cape Cod) Steamboat Companies.
History. — The Old Colony RR. is made up of several lines constructed by different com-
panies. The line of the original company, extending from South Boston to Plymouth, was
opened November 10, 1845. Since then the mileage has been increased by various consolida-
tions, extensions and leases to a total of 468 32 miles, September 30, 1884, aa shown in MANUAL
for 1885, page 76. On April 1, 1885, the Brockton Branch, 0.75 mile, was opened.
Rolling Stock, September 30, 1886. — Locomotive engines. 133. Cars — passenger, 267;
baggage, 42; express, 2 ; caboose, 40; freight (box, 994 ; stock, 31 ; platform, 684 ; coal, 1,205 ;
gravel, 100), 3,014 — total, 3,365. Also, 7 derrick, 4 scraper, 5 tool, and 12 service cars.
Operations for year ending September 80, 1886. — See comparative statement.
Knrnin«s.— Passenger $2,382,048 81
Freight 1,857,263 76
Mail 43,894 80
Express 148,643 39
Rents and Miscellaneous 96.180 91
Total ($9,665.78 per mi!e) $4,528,031 67
Expenses.— Maintenance of Way $950,206 28
Motive Power 685,08895
Maintenance of Cars 258,830 85
Transportation 927,626 36
General 403,351 50
Total ($6,884.48 per mile) $3,225,103 94
Net earnings (28.77 per cent.), $1, 80^,927. 73. Add receipts from interest and dividends,
$89,932.70— net income, $1,392,860.43. Payments: Interest on bonds, $546,440 ; other in-
terest, $36,094.54 ; rentals, $32,694.09 ; dividends (January 1 and July 1, 8| per cent, each),
$761,747— total, $l;876,97.r>.63 Balance, $15,884.80, carried to improvement account.
Improvement Account, September 30, 1886.
New Engine Houses $8,681 62
New Stations 51,418 71
New Equipment 166,958 04
Discontinuing Grade Crowing 11,46952
Balance to Credit, September 30, 1886 197,203 05
Total $435,730 94
.Balance October 1, 1885 $263,796 14
Premium on Stock Sold 153,25000
Pi-emium on Bonds Sold. 2.800 00
Charged from Earnings for Year 15,884 80
Total... $435,73094
The Framingliam and Lowell was leased from its completion, by the Boston, Clinton and
Fitchburg, and afterwards by the Boston, Clinton, Fitchburg and New Bedford. On the
absorption of the latter by the Old Colony the lease was transferred to the latter company.
October 1, 1882, name changed to Lowell and Framingham RR. Co. On May 13, 1884, the
Old Colony Railroad Company and the Lowell and Framingham RR. Co. entered into an
arrangement providing for the consolidation of the two companies under the name of
POOR'S MANUAL— OLD COLONY RR. CO.
the Old Colony RR. Co., the Old Colony issuing 4$ per cent. 20-year bonds in exchangw
for the bonds of the Lowell and Framinghain Ell. Co. The capital stock of the
Lowell and Framingham was exchanged for that of the consolidated company, at the rate of
four shares of preferred stock or twenty t-hares of common htock of the former for one ^hare
of the latter. The consolidation was completed in April, 1886. increasing the construction
account $627,905; the property accounts, however, being diminished $434,016.74, the value
of stocks and bonds held by the company September 30, 1885, and used in the union.
Statement of operations, capital account, etc., for seven years ending Sept. 30 :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned
Miles of Railroad Operated..
Miles of Track Owned
299.21
453.96
377.79
16.097
109
813
55
2,516
1,357,725
790,641
2,460,558
5,526.279
89,502,519
1,371,449
51,169,628
$
1,797,239
1,493,531
227,999
300.81
455.50
889.25
186.18
110
213
54
2.595
1,458.961
817,832
8.654.840
5,924,080
89,187.5*3
1,441,618
53,794,401
8
1,913,926
1,609.395
228,127
302.80
463.68
401.06
218.98
115
225
43
2.S56
1,493,221
887.819
2,841,907
6,593,471
100,460.413
1.552.616
58,349,479
8
2,107,750
1,774,644
243,864
426.65
468.32
585.05
364.76
120
233
43
2.9(16
1,575,254
917,608
3,032,193
7,144.(i51
104,489.238
1,626,509
57,915,789
$
2,178,960
1,838,208
237.016
426.65
468.32
612.19
392.46
125
235
40
2.885
1,629,344
799,610
3.123,974
7,826,501
116,745,901
1.597,048
57,899,872
8
2,188,197
1,741,860
261,815
427'. 40
469.07
616.69
458.25
127
244
39
2.291
1,700,997
719,6S!)
3,354,124
8,320.874
124, 174,681
1,692.125
60,134,191
$
2,229,961
1,764,839
256,836
452.27
408.46
701.22
521.71
533
267
42
2,331
1,840.975
725,888
3.5.-J1, S54
9.068,790
134.813.164
1.864.306
63,360,258
$
2.382,049
1,857.264
288,719
Miles of Steel Kail
Locomotive Engines
Passenger Care
Baggage, Mail, etc., Cars
Freight (=8-wheel> Cars
Pa«i»en"er Train Miles
Freight Train Miles
Total Train Mileage
Passengers Carried
•••r Miles
Freight (tone) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Mail, Express, etc
Gross Earnings
3,518,769
2,224,402
3,746,448
2,391,448
4,126,258
2.820,810
4,249,179
3,020,738
4,491,872
2,895,369
4,251,186
2,970,130
4,588,032
3,225,104
Operating Expenses... .
Net Earnings
1,294,367
89,910
1,355,000
61,175
1,305,448
77,499
1,228,441
74,676
1,296,503
68,998
1,281,056
79,334
1,302,928
89,932
Rents, Interest, etc
Available Revenue
1,384,277
381,002
881,545
(6) 416,028
70,583
7,751 28
4,900 66
2,85054
63.09 p. c.
2.01 c.
2.92 c.
8
7,133,800
5,737,000
81,645
555,053
754,619
1,416.175
370.341
403,818
(6> 434,028
2,571
8,224 91
5,250 16
2.974 75
63.81 p. c.
2.95 c.
2.99 c.
7,533.800
5,324,000
208,058
693,878
759,263
1,382,947
345,208
449,790
(6i) 489,697
1,303,117
446,476
191,002
(7) 608,006
1,365,501
555,866
46,614
(7) 723,989
1,860,390
551,425
45,594
(7) 738,122
1,392,860
582,535
32,694
(7) 761,747
Interest
Rent, etc
Dividends
Wollaston Accident . .
Gross Earnings per Mile
Gross Expenses per Mile
Net Expenses per Mile
8,761 77
5,780 00
2,981 77
64. 96 p. c.
2.10 c.
3.04 c.
8
7,533,800
5,324,000
738,056
624,839
762,516
9,073 24
6,104 98
2,968 27
67.89 p. c.
2.07 c.
8.16 c.
$
10,248.620
8,886,900
603,643
537,404
853,587
8,950 51
6.182 46
2,768 45
69.07 p. C.
1.87 c.
8.01 c.
$
10,448,620
9,044,100
4*5.858
741,813
762,515
9,06301
6,331 96
2,731 05
69.86 p. c.
1.79 e.
2.93 C.
S
10,848,620
9,473,300
530,998
779.031
762,516
9,665 78
6,8S4 48
2,781 30
71. 23 p. c.
1.78 e.
2.93 C.
11,176,525
9,607,300
711,561
704,425
762,516
Kxpen-cs to Karnings
Average Rate p. Pass. p. Mile
Average Rate p. Ton p. Mile.
Capital Stock
Funded Debt
Bills Payable
Snndry Accounts
Profit and Loss
Total Liabilities
14,862,117
10,593.336
1,191,319
1,516,397
400,173
214,939
81,449
14,r>lS.3!HI
10,974,339
1,191,319
1,51(1,053
HHTA'til
214,939
14,983,211
11,076,276
1,191,319
1,531,411
390.444
400,938
21,130,154
16,186,387
2,165,759
1,549.525
408,925
255,860
21,482,407
16.532,854
2,165,759
1,656,049
413,067
241,382
28,394,485
17,031,579
2,165,759
2,1(10,518
449,034
130,189
22,962.327
18.025,153
•J.ltM.759
1,726,501
415,287
124,185
Construction
Equipment
Other Investments
Supplies and Materials
Bills Receivable
Sinking Fund
Sundrv Accounts
194.768
129,736
259,936
154,551
231,093
161,730
348,569
UOtlJH
275,865
197,431
287,009
170,377
308,235
202,207
Cash on Hand
Total Assets
14,862,117
14,518,399
14,983,211
21,180,154
21,482,407
22,394,465
22,962,327
Cost of Road 818,025,152 71
Cost of Equipment 2,165,75908
Stocks and Bonds i iwned 1,192,377 37
Dorchester and Milton Branch 36,937 88
Real Estate 497,18544
Materials mid Supplies 415,287 37
Bills Receivable iLM.ls.', (>.'
Cash ^iy.'i)7 ti7
Due from Agents 1K\. 'C 1 n-.'
Debit Balances 139,280 73
General Balance Sheet, September 30, 1886.
Total Aweto $28,962,32734
Capital Stock $11,157,20000
Stock B., C.. F. & N. B. and L. & F. R«ls. 19.325 00
Funded Debt 9.607,30000
Bills Payable 711,56110
Accounts Payable 281,575 58
Dividend* and Coupons Unpaid 48,257 76
Due Connecting Lines 171,469 03
Credit Balances 5,920 15
Improvement Account 197,203 05
Surplus Account 7*52,515 67
Total Liabilities $22,962,327 34
POOR S MANUAL OP BAILROADS.
75
Assets October 1, 1886, included in balance sheet as " Stocks and Bonds Owned." — Old
Colony Steamboat stock, $725,500 ; Fall River, Warren and Providence RR. stock and bondp,
$348,655.43 ; New Bedford, Martha's Vineyaid, and Nantucket Steamboat stock, $15,340.83 ;
Union Freight RR. stock, $79,014.42 ; Fall River RR. Co. stock, $5,967 ; Lowell and Framing-
ham stock, $10,529.69 ; Oak Bluffs Land and Wharf stock, $100 ; Sea View Hotel and Wharf
stock, $7,270— total, $1,192,377.37.
Statement of funded debt, September 30, 1886 :
CHARACTER or
BONDS.
PROPERTY MORTGAGED.
DATE.
PAYABLE.
AMOUNT.
ANN'L
INT.
Interest.
Principal.
1st Mg. N. B. and T.
1st Mg.5-20's F.&W.
1st Mortg. Agr. Br.
July 1, 1801
June 1, 1869
July 1, 1864
July 1, 1869
Jan. 1, 1870
July 1, 1874
Jan. 1, 1880
Mar. 1, 1874
June 1, 1875
Sept. 1, 187(!
Aug. 1, 1877
Dec. 1, 1882
July 1, 1884
April 1,1884
Oct. 1, 1885
April 1, 1871
6 p. c. J. & J.
7 p. c. J. &D.
6 p. c. J. & J.
7 p. c. J. & J.
7 p. c. J. & J.
7 p. c. J. & J.
5 p. c. J. & J.
7 p. c. M. &S.
6 p. c. J. & D.
6 p. c.M. &S.
6 p. c. F. & A.
4|p. c. J. & D.
4 p. c. J. & J.
44p. c.A. &O.
5 p. c.A. &O.
5 p. c. A. & O.
July 1. 1881
Called Oct. 1, '81
July 1, 1884
July 1, 1889
Jan. 1, 1890
July 1, 1894
Jan. 1, 1910
Mar. 1, 1894
June 1, 18U5
Sept. 1, 1896
Aug. 1, 1897
Dec. 1, 1897
July 1, 1904
April 1, 1904
April 1, 1891
April 1, 1891
$
1,000
400
4,400
253,500
238,000
400,000
1,912,000
1,692,000
5f:0,(X)0
1,100,000
2,000,000
200,000
750,000
498,000
56,000
2,000
9
1st Mortg. M.andF.
lstMg.B.,C.andF.
1st Mg. N. Bedford.
1stMg;.B.,C.F.&N.B
Old Colony
Manstt'd to Fram'gh'm, 22 m.
Fitehburg to S. F'gh'm,43 m.
N. B. RR. & Branches, 58 m..
135 ms. of road includ. above.
Coupon and reg. (not mortg'e)
Coupon and reg. (not mortg'e)
Coupon and reg. (not mortg'e)
Coupon and reg. (not mortg'e)
Coupon and reg. (not mortg'e)
Registered (not mortgage) ....
17,745
16,660
28,000
95,600
118,440
30,000
66,000
120,000
9,000
30,000
22,410
2,800
100
Old Colony
Old Colony
Old Colony
Old Colony
Old Colony. ...
Old Colony
Old Colony.
Coupon
Coupon
Lowell & Fram'g'm
Total.
Coup.-Lowell to F'gh'm, 30 m
9,607,300
*556,7E5
* Exclusive of interest on bonds past due.
The contract for operating the Union Freight RR. (one-half interest in which is owned by
this company), expired January 1, 1884, and that road is now operated by its own company.
Annual meeting fourth Tuesday in November. Books close for dividends about 30 days
prior to payment of same. Stock and bonds listed on Boston Stock Exchange.
RAILROADS OWNED OR LEASED BY THE OLD COLONY RAILROAD.
DORCHESTER AND MILTON RAILROAD.— Neponset to Matapan, 3.30 ; total track, 3.75 miles.
Chartered April 16, 1846 ; road opened January 1, 1848. Capital stock, $73,340 ; vouchers and accounts, $58,448.07;
surplus, $4,584.70— total, representing cost of road, etc., $136,372.77. CHARLES F. CHOATE, President, South-
boro', Mass.
PALL RIVER, RAILROAD.— New Bedford, Mass., to Fall River, Mass., 12.25 miles. Sidings, etc., 0.83
mile. Rail (Bled, 12.08 miles), 56 Ibs. Organized Aug. 15, 1874 ; road opened December 16, 1875. Leased for 99
years from April 1, 1882, to the Old Colony RR. Co., at an annual rental equal to 30 per cent, of the gross earnings
($10.000 per annum guaranteed) ; lessee to adjust and pay all liens on the property having priority to the mortgage
bonds. Rental to be paid in the following manner : (1) Interest on the first mortgage bonds at the reduced rate
of 5 per cent, per annum to be paid halr-yoirly, each holder being first required to contribute 5 per cent, on the
value of hie bonds toward payment of prior liens on the property. (2) All taxes upon the franchise and property
of the company, as the same become due, the balance, if any, to be paid over annually to the treasurer of this
company. Rental for year ending September 30, 188(5, $11,604.31 ; expenses and taxes, $276.60; net receipts,
$11,327.71. Paid interest on funded debt, $10,000 ; surplus, $1,327.71. Financial Statement, September 30, 1886.—
Capital stock, $200,000 ; funded debt, 1st mortgage 5 per cent, (reduced from 7 per cent.) 20-year bonds, due April
" ;ober, $200,000 : bills and accounts, $64,787.51— total, $404,787.51. Contra : Cost of
1, 1895, interest April and October
road, $443,944.69 ; profit and loss, $20,842.82.
Boston, Mass.
Board of Directors Old Colony RR. Co., elected November 23, 1886.
Samuel C. Cobb Boston, Mass.
Uriel Crocker Boston, Mass.
Thomas Dunn Newport. R. I.
. George P. Gardner. . . .Boston, Mass.
Royal W. Turner. . '. .Randolph, M'ass.
CHARLES F. CHOATE, President Southboro', Mass.
Treasure? — John M. Washburn Boston, Mass. [ Clerk— John S. Brayton Boston, Mass.
General Manager— 3. R. Kendrick Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Boston, Mass.
Charles F. Choate. Southboro', Mass.
Frederick L. Ames.N. East on, Mass.
Thos. J. Borden. . .Fall River, Mass.
John S. Brayton. . . Full River, Mass.
CHARLES F. CHOATE, President; J. M. Washburn, Treasurer,
Charles L. Lovering.Taunton, Mass-
Wm. J. Rotch..New Bedford, Mass-
John J. Russell Plymouth, Mass
Nathaniel Thayer. .Lancaster, Mass
ORCHARD BEACH RAILROAD COMPANY.
Line of Road. — Saco River, Me., to Old Orchard Beach, Me 8 miles.
Sidings, etc., 0.345 miles. Gauge, 4 ft. 8£ in. Rail, 60 Ibs.
History.— Chartered February 7, 1876 ; road opened June 26, 1880. Operated during
summer mouths in connection with Boston and Maine RR.
76 POOR'S MANUAL OP RAILROADS.
Rolling Stock.— Locomotive engines, 2. Cars— passenger, 8 ; baggage, mail and ex-
press, 1.
Operations for year ending September 30, 1886.— Trains run (passenger), 7,242 mil^s.
Passengers carried. 52,166 ; carried one mile, 139,874. Earnings— passenger, $5,456.82—
total, $5,456.82. Operating expenses, $2,375.73. Net earnings, $3,081.09. Paid interest,
$861.19. Surplus, $2,219.90; deficit from last year, $3,853.84. Balance, deficit, $1,6:33.94.
Charged to profit and loss for depreciation of materials, etc., $976. 67— total deficit, $3,8-53.84.
Financial Statement, September 30, 1886.— Capital stock, $50,000 ; current accounts,
$15,003.98— total, $65,003.98. Contra : Cost of road, $47,224.52 ; equipment, $14,280.52 ;
material and fuel, $1,865 ; profit and loss, $1,633.94.
Board of Directors, elected in September, 1886.
George C. Lord Newton, Mass.
8. C.Lawrence Medford, Mass.
Amos Paul .Sonth Newmarket, N. H.
Nath. J. Bradlee Boston, Maes.
Win. 8. Stevens Dover, N. H.
James R. Nichols... Haverhill, Mass.
Joseph 8. Ricker Deering, Me.
GEO. C. LORD, President Boston, Maps.
Trtaturer—A. Blanchard. Boston, Mass. I General Manager— James T. Fnrber Boston, Macs.
Clerk— G. F. Calef Saco, Me. | Auditor— Wm. J. Hobbs Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Boston, Mass.
PORTLAND AND OGDENSBURG RAILWAY.
T i-«. r i> ,,i J Portland, Me., to Fabyan's 91 miles ) fl . .,
Line of Road.- -J Scott>8 M'i]]g Vt> to i;unenburg) vt 3 miles} 9'
Sidings, etc., 21.03 miles. Gauge, 4 ft. 8£ in. Rail (steel, 91 miles). 56 and 60 Ibs.
History. — Chartered as Portland and Ogdensburg RR. Co. February 11, 1867 ; road
opened between Portland and Fabyan's (White Mcuutai s), August 7, 1875. The line from
Scott's Mills to Lunenburg, Vt., was opened December 22, 1875. The company leased right
of way over the B., C. & M. RR., from Fabyan's to Scott's Mills (20.5 miles) until 1885. By
new arrangement it now operates only the line from Portland to Fabyan's, the other 3 miles
being operated by the B., C. & M. RR. Co.
Rolling Stock, September 30, 1886. — Locomotive engines, 15. Carp — passenger, 20 ;
baggage, mail and express, 5, freight (box, 104 ; platform, 158 ; dump, 20), 282 — total, 307.
Also, 15 other cars.
Operations for year ending September 30, 1886 — Train mileage — passenger, 138,791 ;
freight, 123,827; other, 65,320— total, 327.938 miles. Passengers carried, 147,507; carried
one mile, 4,130,215 ; average mile rate, 8.20 cents. Tons freight moved, 278,551 ; moved one
mile, 14.759,352 ; average ton-mile rate, 1.46 cents. Earnings — passenger, $132,188.15 ;
freight, $215,296.39; mail and express, $12,790.45; other, $1,101.31— total ($3,971.17 per
mile), $361,376.80. Operating expenses ($2,6:32.90 per mile), $239,594.12. Net earnings
(33.70 per cent.), $121,782.18 ; income from old rails, etc., $32,215.32 ; accounts of P. & O.
RR. Co. collected, $578.58— total available revenue, $154,576.08. Extraordinary expenses,
$29,881.91 ; interest account, $262.12 ; interest on receiver's certificate, $12,500 ; instalments
on mortgaged rolling stock, $4,225.76 ; interest on rolling stock and rexl estate, $1,542.80 ;
coupons on 1st mortgage bonds, $93,990 ; interest on overdue coupons, $2,644.72 ; interest
on Dalton Construction Loan, $3,215.76— total, $148,263.07. Balance, surplus, $6,313.01.
Financial Statement, September 80, 1885.— Capital stock, $1,052,185.55 ; funded debt
(1st mortgage [Portland to Bartlett line, 61 miles] 6 per cent. 30-year bonds, dated November
1, 1870, interest January and July, $800,000 ; consolidated mortgage [1st mortgage, Bartlett
to Lunenburg, 88 miles ; 2d mortgage, Portland to Bartlett, 61 miles] 6 per cent. 30-year
bonds, dated November 1, 1871, interest May and November, $2377,000), $3,177,000; un-
fundt-d debt, $281,185.45— total, $4,460,871. Contra: Construction, $4,035,262.01; equip-
ment, $890,242.91 ; cash and assets, $14,239.32 ; profit and loss, $20,626.76— total, $4,460,371.
Receiver's Statement, September 80, 1885.— Receiver's certificates, $250,000 ; unfunded
debt, $57,662.60; profit and loss, $11.049.46— total, $318,672.06. Contra: Cash, $40,860.23;
paid on account P. & O. RR. Co., $214,153.76; due from agents, etc., $39,162.78 ; materials,
etc., $10,368.89; debit balances, $14,126.40— total, $318,672.06.
POOK'S MANUAL OF EAILROADS.
77
The company defaulted July 1, 1876, on 1st consol. mtg. coupons, and proceedings in
foreclosure were begun. In August, 1877, the company agreed with the mortgage trustees
to fund coupons up to July 1, 1878, in notes payable in twelve semi-annual instalments of
$9,360 each. These were paid up to January 1, 1884, as were also the coupons on 1st mort-
gage bonds of $800,000, due since July 1, 1878. On January 1, 1884, default was made on
1st mortgage bonds of 1870, and the road was placed in the hands of a receiver. Receiver
has since paid all interest accruing on these bonds to and including that of January 1, 1887.
Suit for foreclosure having been instituted by the Mercantile Trust Co. of New York as holder
of certain bonds issued under the consolidated mortgage, a decree was granted December 15,
1885, and the road and property became absolutely the possession of the trustees under such
mortgage. On the 8th of June, 1386, the Portland and Ogsdenburg Railway was organized,
the capital stock to equal the principal and overdue coupons of the bonds of 1871.
Statement of operations for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Road Owned
92.50
92.50
92.50
92.50J
92.50
92.50
94.00
94.00
Train Miles
190,603
211,555
193,779
217,964
233,566
263,976
311,435
327,938
Passengers Carried
82,514
94,005
107,211
133.121
135,271
140,218
153 780
147 507
Freight (tons) Moved
120,879
161,300
158,196
222,508
207,520
206,813
263,530
278,551
Passenger Earnings
i
103,261
$
105,154
$
126,458
$
139,224
8
138,922
$
133,489
8
135 030
8
132,188
Freight Earnings
155,015
170,009
163,223
201,390
186.080
186,991
212,361
215.296
Other Receipts
13,218
13,496
13,749
13,559
13,842
14,193
14,602
13,892
Gross Earnings
271 ,494
292,659
303,431
354,173
338,844
334,673
361,993
361,376
Operating Expenses
169,448
183,964
211,246
241,869
283,123
244,792
262, 836
239,594
Net Earnings
102,046
108,695
92,185
112,304
55,721
89,881
99,157
121,782
Annual meeting, third Tuesday of January, in Portland, Me. Trustees of bonds: of 1870,
Weston F. Milliken, Philip H. Brown, and Thomas H. Haskell ; of 1871, W. F. Milliken,
Nathan Webb, and H. N. Jose.
Directors (elected June 8, 1886).— S. J. Anderson, H. N. Jose, W. F. Milliken, C. J.
Chapman, S. W. Thaxter, W. H. Woodbury, Stephen R. Small, F. N. Dow, Francis Fessen-
der, Portland, Me.; C. H. Amsden, Concord, N. H.
S. J. ANDERSON, President and Receiver Portland, Me.
Treasurer — J. W. Dana Portland, Me. | Superintendent— Jonas Hamilton Portland, Me.
PRINCIPAL, OFFICE AND ADDRESS Portland, Me.
PORTLAND AND ROCHESTER RAILROAD.
Line of Road. — Portland, Me., to Rochester, N. H. 52.5 miles.
Sidings and other tracks, 11.16 miles. Gauge, 4 ft. 8£ in. Rail (steel, 52 miles) 56 Ibs.
History. — Chartered as York and Cumberland RR. Co., July 20, 1846 ; road opened to
Saco River, 18 miles, February, 1853 ; to Rochester, July, 1871. Property placed in the
hands of a receiver, February 1, 1877. Sold under foreclosure, and purchased by existing
corporation (organized March 8, 1881, under authority of State Legislature), which assumed
possession May 1, 1881.
Rolling Stock. — Locomotive engines, 8; Cars — passenger, 9; baggage, etc., 5; freight
(box, 59 ; platform, 116 ; hay, 13; gondola, 20 ; saloon, 4), 212— total, 226.
Operations for year ending September 30, 1886. — Train mileage — passenger, 77,475 ;
freight, 32,992 ; mixed, 32,500 ; other, 37,781— total, 180,748 miles. Passengers carried, 206,-
978. Tons freight moved, 115,698.
Earnings.— Passenger $70,71939
Freight 109,88856
Mail... 6,91296
Express 2.57950
Miscellaneous 276 86
Total ($3,626.23 per mile) $190,377 27
Expenses.— Transportation $19,98496
MotivePower 87,56939
Maintenance of Cars 11 ,972 66
Maintenance Way and Buildings 56,664 62
General 22,717 40
Total ($2,836.36 per mile) $148,909 03
78 POOR'S MANCAL OF RAILROADS.
Net earnings (21.78 per cent.), $41,468.24. Add other receipts, $1,125.79— total available
revenue, $42,594.03. Paid dividends (No. 5, 2 per cent., January 15; No. 6, 3 per cent., July
15), $29,516.97. Surplus, $13,077.06.
Statement of gross and net earnings for nine fiscal years :
1878 1879 1880 1881 1882 1883 1884 1885 1886
Gross Earnings $148,151 $145,708 $162,634 $168,329 $201,848 $197,940 $183,609 $181,900 $190,377
Net Earnings 29,335 19,252 24,728 15,035 6,526 20,474 25,230 25,273 41,468
Financial Statement, September 30, 1886.— Capital stock (authorized, $600,000), $590,-
800; stock sciip, $557.19; profit and loss, $69,032.09— total, $660,389.28. Contra: Cost of
road and equipment, $591,357.19; cash, $10,597.19; materials and fuel, $13,402.76; bills re-
ceivable, $41,848.02 ; current accounts, $3,184.12— total, $660,389.28.
There still remains $1,627.30 of new stock to be exchanged, as follows : For $1,800 seven
per cent, bonds, $900 ; for $112 peven per cent, coupons, $40.42 ; for 338 shares of stock,
$676 ; for $544.20 stock scrip, $10.88. This wil] make a total of $592,984.49, leaving a sur-
plus after payment of all stock, bonds and debt of $7,015.51. (See MANUAL for 1881.)
Dividends paid in Portland, Me. Annual meeting, first Wednesday in December.
Directors (elected December 1, 1886). George P. Wescott, Nathan Webb, Wm. L. Put-
nam, Charles McCarthy, Jr., Portland, Me. ; Richard Olney, George C. Lord, Boston, Mass. ;
Stephen J. Young, Brunswick, Me.; Arthur Sewell, Bath, Me.; Joseph S. Kicker, Deeriug, Me.
GEORGE P. WESCOTT, President Portland, Me.
Treasurer and Secretary— W. H. Conant.. Portland, Me. | Svp. andPurch. Agent— 3. W. Peters — Portland, Me.
PRINCIPAL OFFICE AND ADDRESS Portland, Me.
PROFILE AND FRANCONIA NOTCH RAILROAD COMPANY.
Main Line of Road.— Bethlehem Junction, N. H., to Profile House, N. H. .10.00 miles.
Bethlehem Division : Bethlehem Junction to Bethlehem Village 3.50 miles.
Total length of line 13.50 miles.
Siding, etc., 0.5 mile. Gauge, 3 ft. \ in. Bail (steel), 35 and 40 Ibs.
History. — Chartered July 11, 1878 ; main line completed June 25, 1879 ; opened July 1,
1879. The Bethlehem Division was opened July 1,1881. Surveys have been made for a pro-
posed extension from Profile House to Flume House, 5 miles.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 4; combination, etc., 3;
freight, 6— total, 13.
Operations for year ending November 1, 1886. — Earnings— passenger, $19,873.21 ; freight,
$209.25; other, $560.68— total, $20,643.14. Operating expense*, $10,351.82. Net earnings,
$10,291.32. Paid dividend (4 per cent.), $8,000. Balance to profit and lo.-s, $2,291.32.
Financial Statement, November 1, 1886.— Capital stock, $200,000. Contra: Con-
struction, $191,071.99; equipment, $24,945.03; cost of construction and equipment, $216,-
017.02.
Dividends paid since organization : In 1879 a dividend of 4 per cent.; in 1880 a dividend
of 8 per cent.; in 1881 and 1882 a dividend of 7 per cent, each ; in 1883 a dividend of 6 per
cent.; in 1884, 1885, and 1886, a dividend of 4 per cent. each.
Dividends were made 4 per cent, for last three years instead of 6, on account of a new iron
bridge having been built at a cost in round numbers of $12,000.
Directors (elected October, 1886).— Emmons Raymond, Isaac C. Cruft, Boston, Mass.;
John H. George, John A. White, Concord, N. H.; Samuel N. Bell, Manchester, N. H.; Wal-
ter Aiken, Franklin, N. H.; Charles F. Eastman, Littleton, N. H.
JOHN H. GEORGE, President Concord, N. H.
Treat, and Supt.-C. H. Greenleaf . .Profile House, N. H. | Clerk— Samuel N. Bell Manchester, N. H.
PKINCIPAL OFFICE AUD ADDRESS Profile House, N. H.
POOK'S MANUAL OF RAILROAD?. 79
PROVIDENCE AND SPRINGFIELD RAILROAD COMPANY.
Line of Road. — Providence, R. I., to Pascoag, K. 1 22.8 miles.
Sidings, 4.3 miles. Gauge, 4 ft. 8£ in. Rail (steel, 17 miles), 56 Ibs.
History. — Chartered, 1853. Opened August 11, 1873. It is intended to extend the road
to Springfield, Mass., in all 80 miles, with a branch to Woonsocket (3 miles).
Rolling1 Stock. — Locomotive engines, 4. Cars — passenger, 4 ; baggage 2 ; freight (box,
25 ; platform, 16 ; dump, 56), 97 — total, 103 cars.
Operations for year ending September 30, 1886. — Trains run (passenger, 47,424 ; freight,
14,227), 61,651 miles. Passengers carried, 197,331 ; carried one mile, 1,874,158 ; average mile
rate, 2.54 cents. Tons freight moved, 49,971 ; moved one mile, 999,420 ; average ton-mile
rate, 5.07 cents. Earnings — passenger, $47,598.67; freight, $50,665.89; mail and express,
$4,298.52— total ($4,498.38 per mile), $102,563.08. Operating expenses, $73,734.94. Old
iron, etc., sold, $2,288.04; less material on hand September 30, 1886, $6,914.95— total,
$9,202.99. Net expenses, $64,531.95. Net earnings, $38,031.13. Interest paid, $34,890.29 ;
profit and loss, $391.86 ; surplus, $2,748.98.
Financial Statement, September 30, 1886.— Capital stock, $516,850 ; funded debt (1st
mortgage 7 per cent. 20-year bonds, due July 1, 1892, interest payable at American National
Bank, Providence, January and July), $500,000; income, $9,575.47; bills payable, $4,000—
total, $1.030,425.47. Per contra : Railroad, $890,351.35 ; equipment, $118,743.57 ; materials,
$6,914.95 ; cash and accounts, $14,415.60.
Directors (elected December 3, 1885). — William Tinkham, John L.Ross, Horace A. Kim-
ball, Edward Pearce, Jr., Providence, R. I.; Albert L. Sayles, James O. Inman, Pascoag,
R. I. ; Sidney Dillon, New York, N. Y.
WILLIAM TINKHAM, Pres. and Gen. Man Providence, R. I.
Secretary— Jabez C. Knight Providence, R. I. | Treasurer— E. W. Tinkham Providence, R. I.
PKINCJPAL, OFFICE AND ADDRESS Providence, R. I.
PROVIDENCE AND WORCESTER RAILROAD COMPANY.
Main Line of Road. — Providence, R. I., to Worcester, Mass 43.41
East Providence Branch : Valley Falls to East Providence 7.00 — 50.41 miles.
2d track, 42.38; sidings, 39.68 miles. Gauge, 4 ft. 8£ in. Rail (steel), 87.63 miles, 60 and
72 Ibs.
History. — Consolidation, November 4, 1845, of two companies of the same name char-
tered respectively in Massachusetts and Rhode Island in 1844. Main line opened in October,
1847 ; branch to East Providence in 1875.
Rolling Stock. — Locomotive engines, 38. Cars — passenger, 46 ; baggage, mail, and ex-
press, 15 ; freight ( = 8-wh.), 1,153 — total, 1,214. Also, 14 other cars. In addition to the
above the company owns a half interest in two locomotives.
Operations for year ending September 30, 1886. — Train mileage — passenger, 310,194 ;
freight, 257,710 ; other, 268,570— total, 836,474 miles. Passengers carried, 2,841,281 ; carried
one mile, 22.232,416; average mile rate, 2.10 cents. Tons freight moved, 964,173 ; moved
one mile, 28,290,424 ; average ton-mile rate, 2.49 cents.
Earnings.— Passenger $471,852 45
Freight 705,376 38
Mail 3,863 88
Express 17,679 74
Total ($23,780.45 per mile) $1,198,772 45
Expenses.— Transportation $363,130 79
Repairs of Rolling Stock 128,430 03
Maintenance Way and Buildings. 273,301 10
General 109,79983
Total ($17,350.96 per mile) $874,661 75
Net earnings (27.04 per cent.), $324,110.70 ; receipts from rents of real estate, $7,619.61 ;
wharf, $39,319.40— total net revenue, $371,049.71. Payments : Interest on funded debt,
$74,520 ; other interest, $11,193.62 ; dividends, $150,000— total, $235,713.62. Surplus,
$135,336.09 ; balance at commencement of year, $237,730.42— total, $373,066.51. Less,
amount credited to Providence freight station, $8,211.08; reduction in equipment account
$175,000. Balance, surplus, $189,825.43.
80
POOR'S MANUAL— PBOVIDENCE AND WORCESTER RR. CO.
Statement of operations and financial condition for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated.
Miles of Track Owned
66.84
106.85
89.50
29
80
11
817
2«,6T9
219,862
1,639,126
18,753,392
675,589
19,2HO,814
914,476
550,427
65.84
108.79
48.15
80
30
11
817
262,205
254,915
1,849.912
15,941,739
787,521
23,669,729
1,064,801
731,989
65.84
117.42
59.91
81
80
11
983
280.157
252,46-J
2,010,518
17,439,529
771,779
22,211,710
$
1,033,853
703,455
65.84
124.75
84.51
34
34
13
1,103
305,657
271,525
2,335,823
19,977,254
882,133
25,023,982
$
1,140,985
836.617
58.13
127.12
85.13
34
40
13
1,203
299,050
272,544
2,502,739
20,585,077
804,021
23,174,410
$
1,151,137
836,064
50.41
148.47
85.13
37
40
13
1,203
290,109
252,995
2,587,796
20,757,058
762,243
21,596,979
s
1,129,481
869,901
50.41
181.34
87.63
85
40
ia
1,203
286,631
244,729
2,501,618
2d.42'.l.2!l9
828,861
24,161,818
S
1,042,006
755,659
50.41
132.47
87.63
38
46
15
1,800
310,194
887,710
2.S41.2>1
22.232,416
904,173
28,290,424
U9S.772
874,001
Miles of Steel Rail
Baggage, etc.. Cars
Freight i, = 8-wlit-ol) Cars..
Passenger Train Miles
Freight Train M lies
Passengers Carried
Passenger Miles
Frrinlit (tons, Moved
Freight (ton) Miles
Gross Earnings
Gross Expenses and Taxes.
Net Earnings
864,049
7.024
332,812
4,844
330.398
26,864
304,368
6,529
315,073
7,258
259,581
7,152
286,347
35,160
324.111
46,939
Other Receipts
Available Revenue
871,073
19,080
108,753
(5) 100,000
+ 143,240
13,702 07
8,275 11
5,426 96
60.19 p. c.
2.37 c.
2.97 c.
i
2,000.000
1,176,000
590,000
29,577
337,656
19,080
93,998
(6) 120,000
+ 104,587
16,172 55
11,117 69
5,054 86
68.97 p. c.
2.33 c.
2.85 c.
$
2,000,000
1,242.000
530,00"
38,550
357,262
19,080
143,084
(6) 120,000
+ 69,498
15,702 51
10,684 32
5,018 19
68.71 p. C.
2.24" c.
2.80 C.
$
2.500,000
1.242,000
420,000
39,959
310,898
19,080
87,058
(6) 150,000
+ 54,760
17,329 67
12,706 78
4,622 89
73.32 p. C.
2.12 c.
2.78 c.
$
2.500,000
1,242,000
420,000
39,771
322.331
19,080
91,141
(6) 150,000
+ 62,110
19,802 81
14,382 67
5,420 14
72.63 p. c.
2.14 c.
2.96 c.
s
2.500.000
1,242,000
456,300
41,223
266,732
321,507
371,050
Lease Rentals, etc
Interest
96,368
(6) 150,000
+ 20,364
22,405 90
17,256 51
5,149 39
77.02 p. c.
2.13 c.
3.09 C.
8
2.500,000
1,242,000
512.300
85,489
90,975
1 6) 150,000
+ 80,532
20,670 62
14,990 24
5,680 38
72.52 p. c.
2.09 c.
2.40 c.
$
2.500,000
1,242,000
441,300
83.674
80,533
237,731
85,714
(6) 150,000
+ 135,336
23,780 45
17,350 96
6,429 49
72.96 p. c,
2.10 c.
2.49 c.
S
2,500.000
1,242.000
250.000
121.667
80,533
189,825
Balance ( + or — )
Gross Earnings per Mile . . .
Gross Expenses per Mile. . .
Net Earmngsper Mile
Expenses to Earnings. . . .
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. . .
Capital Stock
Bonded Debt
Notes Payable
Accounts and Balances
Improvement Account
Profit and Loss
129,913
261,970
303,652
358,411
417,631
437,995
Total Liabilities
3.925,490
2,932.380
677,275
64,428
20,906
240,449
4,072,520
2,926 ,.353
644,025
57,338
12,092
432,712
4,505,611
3,077,053
744,594
152,248
31,906
499,810
4,560,182
8,187,014
839,518
159,967
31,732
345,951
4,657,154
3,423.233
941,630
126,799
9,504
155,982
4,777,784
3,508,628
941,636
118,662
7,105
201,753
4.585.238
3.500,000
750,000
109,060
10,196
216.982
4,384,025
3,500,000
575.000
101,422
11.771
195,832
Construction
Equipment
Materials
Bills and Accounts .
Cash .. ....
Total Assets
3,925,490
4,072,520
4,605,611
4,560,182
4,657,154
4,777,784
4,585,238
4,384,025
General Balance Sheet, September 30, 1886.
Cost of Road $3,500,000 00
Equipment 575,00000
Materials and Supplies 101,421 72
Bills and Accounts
11,771 24
Cash on Hand 195,832 82
Capital Stock $2.500.000 00
Funded Debt 1,242,000 00
Notes Payable 250,000 00
Current Accounts and Balances 121,66700
Improvement Account 80,53309
Profit and Loss. 189,825 43
Total Assets $4,834,025 78 Total Liabilities $4,384,025 78
Statement of dividends paid by the Providence and Worcester RR. :
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c.
1
2
Jan. 15, 1850
July 1, 1852
3
8
16
17
JnlyS, 1860
Jan. 1, 1861
4
4
31
32
Jan. 1,1868
July 1, 1868
4
4
46
47
July 1, 1875
Jan. 1, 1876
5
4
61
62
Jniy 2, 1883
Jan. 1, 1884
3
3
8
Jan. 1, 1853
8
18
July 1, 1861
S3 'Jan. i; 1869
4
48
July 1, 1876
4
63
July 1, 1884
3
4
July 1, is.vt
8
19
Jan. 1, 1862
84 July 1, 1869
6
49
Jan. 1, 1877
4
IV4
Jan. 1, 1885
3
6
Jan. 8, 1854
8
20
July 1, 1862
35 Jan. 1, 1870
6
60
Jan. 1,1878
2
K
July 1, 1885
3
6
July 1, 1854
4
81
Jan. 1, 1863
86
July 1, 1870
6
51
July 1, 1878
2
66
Jan. 1, 1886
3
7
8
g
Jan. 10, 1856
July 21, 1855
jHn 10 1857
8
8
4
22
28
' 1
July 1, 1868
Jan.l, 1864
Jiilv 1 iwr.i
4
37
88
QQ
Dec. 31, 1870
July 1, 1871
6
6
52
53
Jan. 1, 1879
July 1. 1879
2*
2*
67
July 1, 1886
3
10
July -X, 1857
4
— t
•X
11 lj i| JOO-4
Jan. 2, 1865
4
J5W
40
Jan. 1, 1872
July 1, 1872
6
6
64
65
Jan. 1, 1880
July 1, 1880
3
3
11
Jan. 1-
4
26
July 1, 1865
4
41
Jan. 1, 1873
5
50
Jan. 1, 1881
3
12
July 1, 1858
8
27
Jan. 1, 18(50
4
42
July 1, 1873
6
57
July 1, 1881
3
18
Jan. 1, 1859
8
28
Julv 3, IhOO
4
43
Jan. 1, 1874
6
68
Jan. 2, 1882
3
14
16
July 1. is:,:i
Jan. 2, 1800
8
8
29
30
Jan. 1, 1867
July 1, 1867
4
4
44
45
Jvly 1, ls;4
Jan. 1,1875
6
6
69
60
July 1, 1882
Jan. 1, 1883
3
3
POOR'S MANUAL OF RAILROADS. 81
The funded debt consists of 1st mortgage 6 per cent. 20-year bonds, due October 1, 1897
interest payable April and October, at office of Rhode Islaud Hospital Trust Co., Providence,
B. I. Dividends payable at Treasurer's office.
On January 1, 1887, the' company paid a semi-annual dividend of 3 per cent., and on
March 81, 1887, a quarterly dividend of l£ per cent.
Annual meeting first Monday in February. Books close one day before meeting, and 15
days before dividend payments.
Board of Directors, elected February 7, 1887.
Benj. F. Thurston.. Providence. R. I.
Waldo Lincoln .... Worcester, Mass.
John W.Danielson. Providence, R. I.
Frederick Grinnell. Providence, R. I.
Estus Lamb Providence, R. I.
M. B. I. Goddard. . . .Warwick. R. I.
Chas. K.Whitin..Whitinsville, Mass.
G. M. Whitiii...Whitinsville, Mass.
Joseph E. Davis.... Worcester, Mass.
Jonas G. Clark Worcester, Mass.
Elijah B. Stoddard.Worceeter, Mass.
Gideon L. Spencer..Pawtucket, R. I.
Lyman A. Cook..Woonsocket, R. I.
Oscar J. Rathbun.Woonfocket, R. I.
Geo. S. Barton Worceste -, Mass.
Treawrer— Wiiliam Leete Providence, R. 1 . | Gen. Supt.— Charles Howard Providence, R. I.
PRINCIPAL OFFICE AND ADDRESS Exchange Place, Providence, R. I.
Transfer^Office Exchange Place, Providence, R. I.
PROVIDENCE, WARREN AND BRISTOL RAILROAD COMPANY.
Main Line of Road. — East Providence, R. I., to Bristol, R. 1 13.60 miles.
Branches in Providence : To Ann St., 0.25 m.; E. Prov. to Warren ave., 0.25 m. 0.50 mile.
Trackage : Boston and Providence RR 0.50 mile.
Total length of road operated 14 60 miles.
3d track, 5 ; Sidings, 3 miles. Gauge, 4 ft. 8| in. Rail (steel, 17.1 miles), 60 and 70 Ibs.
History. — Chartered as the Providence and Bristol RR. Co., October, 1850 ; name
changed June, 1852. Road opened in July, 1855.
Rolling Stock, September 30, 1886. — Locomotive engines, 6. Cars — passenger, 13; bag-
gage, mail and express, 4; freight (box, 28; platform, 7; coal, 25), 60; service car, 1— total
cars, 78.
Operations for year ending September 30, 1886. — Train mileage — passenger, 74,978 ;
freight, 9,270 — total, 84,248 miles. Paesengers carried, 575.723 ; carried one mile, 5,604,250;
average mile rate, 1.72 cents. Tons freight moved, 41,081 ; moved one mile, 477,967; average
ton-mile rate, 6.51 cents.
Earnings.— Passenger $96,458 77
Freight 31,102 05
Mail and Express 2,855 '04
Miscellaneous... 725 12
Total (§8, 982.26 per mile) $131,140 98
Expenses. — Transportation $36,672 24
Maintenance of Cars 4,258 51
Maintenance Way and Buildings. 19,318 02
General 36,585 57
Total ($6,632.49 per mile) $96,834 34
Net earnings (26.16 per cent.), $34,306.64 ; add other receipts, $330.11— total available
revenue, $34,636.75. Paid interest, $893.04; surplus, $33,743.71.
General Balance Sheet, September 30, 1886.
Cost of Road $397,300 00
Cost of Rolling Stock 40,000 00
Materials and Fuel on Hand 8,340 00
Bills Receivable 37861
Cash and Accounts 20,245 27
Improvement Account 33,000 00
Total Assets $499,263 88
Common Stock Paid in $287,300 00
Preferred Stock Paid in *. 150,00000
Debt Outstanding 41,500 00
BillsPayable 3,54827
Current Accounts 366 70
Profit and Loss 16,548 91
Total Liabilities „ $499,263 88
The item, " Improvement Account, $33,000," in above balance sheet, represents the cost
of East Providence Extension, less $2,000 charged to current expenses. A certain amount
will be charged each year until whole amount is charged to expense account.
Annual meeting last Monday iu November. Books close for annual meeting one day
prior thereto. Preferred stock is guaranteed 6 per cent, dividends, after payment of which
all other surplus earnings are divided equally between both stocks. Dividends and interest
payable (February and July 1) at Providence, R. I. Registrar of stoek, Waterman Stone
(Secretary of Company).
6
82 POOR'S MANUAL OF RAILROADS.
Directors (elected November 29, 1886).— T. P. I. Goddard, William Goddard, Royal C.
Taft, Providence, R. I. ; William R. Robeson, Henry A. Whitney, Albert A. Folsom, Roger
Wolcott, Boston, Mass.
HEHBY A. WHITNEY, President . Boston, Mass.
General Superintendent— A.. A. Folnom . . .Boston, Mass. | Treaturer—K. B. Torey Boston, Mass.
Secretary— Waterman Stone Providence, R. I.
PRINCIPAL OFFICE AND ADDRESS . . Providence, R. I.
ROCKPORT RAILROAD COMPANY.
Line of Road. — Rockport, Me., to Simonton's Corner, Me 3 miles.
Gauge, 8 fett. Rail (steel), 25 Ibs.
History. — Chartered in 1886 ; construction begun September 1, 1886, and road completed
toward the close of the year. It is used for hauling rock from the quarries at Simonton's
Corner to the lime kilns at Rockport. The original intention was to build a tramway.
Rolling Stock. — Locomotive engine, 1 ; freight cars, 26.
Financial Statement. — Capital stock, representing cost of road and equipment, $20,000.
The estimated cost of the completed road is $27,000.
Directors.— S. D. Carleton, P. J. Carleton, S. E. Shepherd, H. L. Shepherd, Frederick
Andrews, Ralph W. Carleton, Rockport, Me.
P. J. CARLETON, President Rockport, Me.
Treasurer— VL. L. Shepherd Rockport, Me. | Secretary— H. L. Lovejoy Rockport, Me.
PRINCIPAL OFFICE AND ADDRESS Rockport, Me.
RUMFORD FALLS AND BUCKFIELD RAILROAD COMPANY.
Line of Road.— Mechanic's Falls Junction, Me., to Gilbertville, Me 26.77 miles.
Sidinge, etc., 2 miles. Gauge, 4 ft. 8| in. Rail (steel, 17 miles), 56 Ibs.
History.— Chartered as Buckfield Branch RR. Co., June 22, 1847 ; road opened 13 miles
October 10, 1849. In 1856, sold under foreclosure, and subsequently acquired by Portland
and Oxford Central RR. Co. (chartered April 15, 1857), and under this organization extended
to Canton. For many years it was in disuse. The Rumford Falls and Buckfield RR. Co.
(chartered March 3, 1874) became owners of the property, restored the road, furnished new
rolling stock, and resumed operations July 15, 1878, and extended the road to Gilbertville in
1879.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 4 ; baggage and mail, 1 ;
freight (box and stock, 18 ; platform, 50), 68 — total, 73. Also 1 freight saloon, 2 snow plows,
and 13 hand cars.
Operations for year ending September 30, 1886. — Train mileage — passenger, 21,000 ;
freight, 21,000; other, 3,200— total, 45,200 miles. Passengers carried, 21,863 ; carried one
mile, 839,965; average mile rate, 4.25 cents. Tons freight moved, 35,048 ; moved one mile,
728,840 ; average ton-mile rate, 4.09 cents.
Passenger $14,443 97
"Freight 23,79023
Mail 1,525 68
Express... 968 03
Miscellaneous... sx> > <r>
Total ($1 ,776.61 per mile) $47.559 80
Expenses.— Transportation $5,233 24
Motive Power 8,705 58
Maintenance of Cars 1,170 29
Maintenance Way and Buildings. 14,532 40
General 5,784 47
Total ($1,323.57 per mile) $35,431
N.-t .•arnings (25.50 per cent.), $12,127.88.
Profit and Loss 'Account, September 30, 1886.— Balance, September 30, 1885, $8,970.24 ;
net earnings, $12,127.88— total, $21,098.1?. Per contra : Old claims, $509.52 ; premium on
bonds purchased. $^07.50; donation, Canton Bridge Co., $50 ; interest on bonds, $11,711.-
17 ; interest on floating debt, $1,816.69 ; balance September 30, 1886, $6,203.24— total,
$21,098.12.
POOR'S MANUAL OF BAILEOADS. 83
Financial Statement, September 80, 1886. — Capital stock, $500,000 ; receiver's loan
certificates (first issue 7 per cent., May 1, 1878-93, interest May and November, $79,900 ;
second issue 7 per cent., May 1, 1880-95, interest May and November, $50,500 ; 7 per cent.
15-year bonds, due July 1, 1898, interest January, April, July and October, $25,000), $155,-
400 ; bills and notes payable, $57,288.52 ; coupons, pro-rata, of semi-annual interest, due
November 1, 1886, $3,803.34 ; due railroads, $637.17 ; profit and loss, $6,203.34— total liabili-
ties, $723,332.27. Contra : Cost of road, $657,107.84; equipment, $61,789.56; accounts receiv-
able, $3,182.53 ; materials, $534.94 ; cash, $717.40— total assets, $723,332.27.
Annual meeting, first Wednesday in December.
•Directors. — William L. Putnam, Charles R. Mil liken, Wm. H. Moulton, S. C. Andrews,
Portland, Me.; George C. Wing, Auburn, Me.; Otis Hayford, Canton, Me.; George I . Bis-
bee, Buckfield, Me.
WILLIAM L. PUTNAM, President Portland, Me.
Otis Hayford, Vice-President Canton, Me.
Treasurer and Clerk— R. C. Bradford Portland, Me. | Superintendent— L. L. Lincoln Canton, Me.
PRINCIPAL OFFICE AND ADDRESS Portland, Me.
SAINT CROIX AND PENOBSCOT RAILROAD COMPANY.
Line of Road.— Calais, Me., to Princeton, Me. (Maine, 17.25 ; N. Bruns., 3.75), 21 miles.
Sidings, etc., 3.50 miles. Gauge, 4 ft. 8 in. Rail (steel, 3.64 miles), 52 and 56 Ibs.
History. — Calais RR. (Calais to Milltown) was chartered in 1832 ; opened in 1835. Name
changed to Calais and Baring RR. in 1849 ; and extended to Baring in 1852. In 1870 the
company adopted its present name, and purchased the Lewy's Island RR. (chartered in 1854,
opened in 1856, foreclosed in 1862, and purchased by the mortgage trustees, who operated it
from 1862 to 1870), at a cost of $140,000.
Rolling Stock. — Locomotive engines, 5. Cars — passenger, 4; baggage, mail, etc., 2;
freight (box, 4; platform, 52 ; rocker truck cars, 141), 197 ; other, 5 — total, 208.
Operations for year ending September 30, 1886. — Trains run (mixed, 20,208 ; freight,
4,386), 24,594 miles. Total engine service, 27,436 miles. Passengers carried, 15,016 ; carried
one mile, 177,286. Earnings— passenger, $3,908.06 ; freight, $31,785.84 ; mail, etc., $909.72
—total ($1,243.03 per mile), $30,603.62. Operating expenses and taxes ($1,250.57 per mile),
$26,261.93. Net earnings (28.25 per cent.), $10,341.09. Add: other receipts, $3,292.35—
total available revenue, $13,634.04. Payments: Interest on bonds, $8,993.50 ; bonds redeemed,
$2,500— total, $11,493.50. Balance, surplus, $2,140.54 ; surplus from last year, $123,259.48;
sundry items to credit, $375.34 — total, $125,775.36. Deduct sundry items charged during
year, $236.90. Balance, as per balance sheet, $125,538.46.
Financial Statement, September 30, 1886.— Capital stock, $100,000; funded debt, $148,-
600 ; current accounts, $4.15 ; other liabilities, $33 ; profit and loss, $125,538.46 — total,
$374,175.61. Per contra: Cost of railroad, equipment, etc., $364,000; accounts, $6,007.55;
cash, $3,5(58.06.
Funded debt consists of
$49,000 6 per cent. 15-year bonds, due July 1, 1879, interest January and July (1st mortgage Calais to Baring, 6m.).
11,600 6 per cent. 15-year bonds, due July 1, 1879, interest January and July (3d mortgage Calais to Baring, 6m.).
88,000 Calais loan 6 per cent. 15-year coupon, $500 and $1,00(1 bonds, due December, 1891, interest payable June
and December, secured by a first moitgage on 16 miles of road from Baring to Princeton, and a third
mortgage on b miles from Calais to Baring.
Trustees of bonds, James Murchie, George M. Porter, L. G. Downes, E. A. Barnard and
E. C. Gates. The last dividend, No. 15, was paid in 1873. Interest on first and second mort-
gage bonds payable at Calais, Me., and on Calais loan bonds at Boston, M&ss.
Directors (elected January 4, 1886).— G. M. Porter, St. Stephen, N. B.; Henry F. Etfon,
Milltown, N. B. ; E. A. Barnard, L. G. Downes, E. C. Gates, Calais, Me.
GEORGE M. PORTER, President St. Stephen, N. B.
Treasurer— Samuel Black Calais, Me. | Superintendent — S. W. Haycock Calais, Me.
PRINCIPAL OFFICE AND ADDRESS , Calais, Me,
84 POOR'S MANUAL OF RAILROADS.
/
SANDY RIVER RAILROAD COMPANY.
Line of Road.— Farmington, Me., to Phillips, Me 18 miles.
Sidings, etc., 2 miles. Gauge, 2 ft. Bail, 25 Ibs. to yard.
History.— Chartered March 31, 1879; road opened November 20, 1879. The super-
structure of the bankrupt Bellerica and Bedford RR. of Mass, was used in its construction.
Rolling Stock.— Locomotive engines, 3. Cars— passenger, saloon and excursion, 6 ;
baggage, mail, etc., 1 ; freight (box, 8 ; platform, 19), 27 — total, 34. Also, 1 snow plow.
Operations for year «nding September 30, 1886.— Trains run (passenger, 12,344 ; freight,
11,768 : working, 4,820), 28,432 miles. Passengers carried, 18,816 ; carried one mile, 240,812 ;
average mile rate, 4.15 cents. Tons freight moved, 10,641 ; moved one mile, 157,193 ; aVer-
age ton-mile rate, 9.45 cents. Earnings — passenger, $10,006.49 ; freight, $14,859.16 ; mail,
express, etc., $1,692.22— total, $26,557.87. Operating expenses, $17,398.34. Net earnings,
$9,159.53. Paid interest, $4,500 ; surplus, $4,619.53. Premium paid on 6 per cent, bonds
retired, $7,843.19. Balance, deficit, $2,823.66.
Financial Statement, September 30, 1886.— Capital stock (par $50) $69,100 ; funded
debt, $90,000 ; interest on bonds, $375 ; due on account, $1,752.22 ; due on land damage, $700
—total liabilities, $161,900.22. Per contra : Construction, $112,406.95 ; equipment, $34,-
012.68 ; materials, $1,596.49; accounts, etc., $2,929.92; stock for repairs, $1,000 ; cash, $7,-
130.52; profit and loss, $2,823.66— total assets, $161,900.22.
Funded debt consists of 1st mortgage 5 per cent. 30-year bonds, due August 1, 1915, in-
terest February and August. These bonds are part of an issue of $200,000, authorized by
stockholders August 31, 1885, of which, however, only $100,000 are to be issued while the
road remains narrow gauge. The proceeds of the above issue were used in part in retiring
the old 6 per cent, bonds.
Directors (elected September 30, 1886).— N. B. Beal, J. H. Bonney, Joel Wilbur, Phillips,
Me.; Q. D. Willes, Bath, Me.; D. M. Bonney, Farmington, Me.
N. B. BEAL, President and Superintendent Phillips, Me.
Treasurer — J.E.Thompson Phillips, Me. | Secretary— ~D M. Bonney Farmington, Me.
PRINCIPAL OFFICE AND ADDRESS Phillips, Me.
SEBASTICOOK AND MOOSEHEAD LAKE RAILROAD COMPANY.
Line of Road. — Hartland, Me., to Greenville, Me 42 miles.
Completed : Pittsfield, Me., to Hartland, Me 8 miles.
Gauge, 4 ft. 8| in. Rail (steel, 8 miles), 50 Ibs.
History. — Chartered, July 1, 1886. Road completed as above toward the close of the
same year.
Rolling1 Stock. — Locomotive engine, 1. Cars — passenger, 1 ; baggage, etc., 1 ; freight, 6
—total, 8.
Financial Statement,— Capital stock (par, $1), $126,000. Cost of road and equipment,
$126,000.
Annual meeting, July 1st.
Directors.— Thomas Temple, W. Van Watt, Frederickton, N. B.; J. G. Shaw, J. 0. Brad-
bury, James Mitch: 11, Hartland, Me.
THOMAS TEMPLE, President Frederickton, N. B.
Secretary— D. E. Thompson Hartland. Me. | Treasurer— J. O. Bradbury. . . . . .Hartland, Me.
Superintendent— James Mitchell Hartland, Me.
PRINCIPAL OFFICE AND ADDUESS Hartland, Me.
SHEPAUG RAILROAD COMPANY.
Line of Road.— Litchfield, Ct., to Hawleyville, Ct 32.28 miles.
Siding.-*, 1.99 miles. Gauge, 4 ft. 8J in. Rail (steel, 10.54 miles), 56 and 70 Ibs.
History.— Chartered as Shepaug Valley RR. Co., May, 1868 ; road opened January 1,
1872. Reorganized under present name in 1873.
POOR'S MANUAL OF RAILROADS. 85
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 2 ; baggage and mail, 1 ;
freight (box, 6 ; coal, gravel, etc., 16), 22— total, 25.
Operations for year ending September 30, 1886. — Trains run — passenger, 24,022 ; freight,
26,280; other, 7,307 — total, 57,609 miles. Total engine service, 68,309 miles. Passengers
carried, 18,758 ; carried one mile, 373,461 ; average rate per mile, 4.3 cents. Tons of freight
moved, 37,773 ; moved one mile, 778,210 ; average rate per mile, 5.4 cents. Earnings —
passenger, $16,171.53; freight, $42,011.71; mail, express, etc., $10,200.75— total, $68,383.99.
Operating expenses and taxes, $54,788.09. Net earnings, $13,595.90.
Financial Statement, September 30, 1886.— Capital stock, $299,850 ; profit and loss,
$7,396.91— total, $307,246.91. Contra: Construction, $257,459.58; equipment, $11,064.20;
cash, $32,932.23; accounts receivable, $5,790.90— total, $307,246.91. Present or contingent
liabilities : First mortgage 7 per cent. 20-year bonds, due April, 1891, issued by Shepaug
Valley ER. Co., $400,000; overdue interest on same from October 1, 1876, $266,000— $666,000.
Directors. — Henry W. Buel, Henry R. Coit, William Deming, Holmes O. Morse, L. W.
Wessells, Asahel H. Morse, Alexander McNeill, Litchfield, Ct. ; Edwin McNeill, Hartford,
Ct.; Albert L. Hodge, Roxbury Station, Ct.
HENRY W. BUEL, President Litchfield, Ct.
Vice- President and Treasurer H. R. Coit. | Secretary William Deming.
PRINCIPAL OFFICE AND ADDRESS Litchfield, Ct.
SOMERSET RAILWAY COMPANY.
Line of Road. — Oakland, Me., to North Anson, Me 25 miles.
Sidings, 2 miles. Gauge, 4 ft. 8£ in. Rail (steel, 0.75 mile), 50 Ibs.
History. — Chartered May, 1870 ; road opened January 26, 1874
Rolling Stock (leased). — Locomotive engines, 4. Cars — passenger, 3 ; baggage, etc., 1 ;
box, 13 ; platform, 5- Owned : baggage, mail, etc., 1 ; box, 3; platform, 4 ; other, 1. Total
cars, 31.
Operations for year ending September 30, 1886. — Trains run — passenger, 16,000 ; freight,
13,400. Total train mileage, 31,640. Passengers carried, 15,385 ; freight moved, 18,119 tons.
Earnings — passenger, $11,577.34 ; freight, $21,515.86 ; mail and express, $2,260.96 — total,
$35,354.16. Expenses. $25,654.62. Net earnings, $9,699.54.
Financial Statement, September 30, 1886. — Funded debt, first mortgage 7 per cent. 20-
year bonds, due July 1, 1891, $450,000 ; current accounts, $15,454.50 ; profit and loss, $12,-
404.05 — total, $477,858.55. Contra: Cost of road and equipment, $468,100; current ac-
counts, $503.39 ; cash, $9,255.16— total, $477,858.55.
On the 1st of September, 1883, the bondholders took possession of this road, default
having been made in payment of interest January 3, 1879. No action has yet been taken
toward a reorganization of the company. The capital stock was $379,050.47, and the original
cost of road and equipment, $808,849.18.
Directors (elected November 12, 1885). — John Ayer, Oakland, Me.; Edwin Rowe,
Norridgewock, Me.; Wm. H. Brown, North Anson, Me.; F. W. Hill, Exeter, Me.; Nathan
Weston, Madison, Me.; R. B. Dunn, R. H. Dunn, Waterville, Me.
JOHN AYER, President Oakland, Me.
Treasurer— A. R. Small Oakland, Me. | Secretary and Aud.— Edward Rowe.Norridsewock, Me
Superintendent— W . M. Ayer Oakland, Me.
PRINCIPAL OFFICE AND ADDRESS Oakland, Me.
SOUTH MANCHESTER RAILROAD COMPANY.
Line of Road. — South Manchester, Ct., to North Manchester, Ct. 2.25 miles.
Sidings, 1.60 miles. Gauge, 4 ft. 8£ in. Rail (sfeel, 2.25 miles), 56 Ibs.
History. — Chartered May, 1866 ; road opened June, 1869.
86 POOR'S MANUAL OF RAILROADS.
Rolling Stock.— Locomotive engines, 2. Cars— passenger, 8.
Operations for year ending September 30, 1886.— Trains run (passenger, 16,146 ; freight,
1,570), 17,716 miles. Passengers carried, 124,678; carried one mile, 280,514; average rate
per mile, 2.95 cents. Tons freight moved, 21,970 ; moved one mile, 49,432 ; average rate
per mile, 18.12 cents. Earnings— passenger, $8,297.82; freight, $6,484.72 ; mail and express,
$50.04— total, $14,882.58. Operating expenses and taxes, $8,984.19. Net earnings, $6.062 39.
Financial Statement, September 30, 1886.— Capital stock, $40,000 ; accounts payable,
$16,424.55 ; profit and loss, $34,005.36— total, $90,429.91. Contra : Construction, $66,664.91 ;
equipment, $21,123.72 ; materials and supplies, $2,641.28.
Directors.— Ralph Chefiey, Frank Cheney, F. W. Cheney, Richard O. Cheney, South
Manchester, Ct.
F. W. CHENEY, Pretident South Manchester, Ct.
See. and Gen. Man.— Richard O. Cheney .So. Manchester. | Treasurer— Charles S. Cheney Sonth Manchester.
PRINCIPAL OFFICE AND ADDRESS South Manchester, Ct.
SULLIVAN COUNTY RAILROAD COMPANY.
Line of Road.— Bellows Falls, Vt., to Windsor, Vt 26 miles.
2d track, 5.5 ; sidings, 4.5 miles. Gauge, 4 ft. 8£ in. Rail (steel, 35.73 miles), 56 and 66 Ibs.
History.— Chartered July 10, 1846 ; road opened February 5, 1849. On October 1, 1880,
the property was sold to the Vermont Valley RR. Co., and formal possession surrendered by
the 1. ssees June 1, 1881. It is now operated in connection with the Vermont Valley RR. Co-
The track of the Central Vermont RR. between Connecticut River Bridge and Windsor, 1
mile, is used under contract.
Rolling Stock.— Leased from Connecticut River RR. Co.
Operations for year ending September 30, 1886.— Train mileage — passenger, 64,714 ;
freight, 105,231 ; other, 39,591 — total, 209,536 miles. Passengers carried, 128,425 ; carried
one mile, 2,553,488 ; average mile rate, 2.71 cents. Tons freight moved, 673,313 ; moved one
mile, 17,063,785 ; average ton-mile rate, 0.91 cents.
Earnings.— Passenger $69,280 23
Freight 154,649 69
Mail 4,229 08
Express 3,03332
Total (88,892.01 per mile) $231,192 32
Expenses— Transportation $91,487 39
Motive Power 7,780 54
Maintenance of Cars 4,929 69
Maintenance Way and Buildings 51,092 95
General 14,499 57
Total ($6,530.39 per mile) $169,790 14
Net earnings (26.56 per cent.) $61,402.18. Add other receipts, $270— total, $61,672.18:
Payments : Interest on debt, $12,810.17 ; dividends, $40,000 ; track rent, $3,600 — total, $56,-
410.17. Balance, eurplus, $5,262.01 ; surplus from last year, $19,165.57 — total surplus,
$24,427.58.
General Balance Sheet, September 30, 1886.
Cost of Road $500,000 00
Cost of Rolling Stock 24,025 63
Real Estate and Buildings in part 8,669 10
Current Accounts 118 93
Profit and Loss 186 71
Improvement Account 168.50865
Total Assets . $701,529 02
Capital Stock $500,000 00
Bills Payable 25,000 00
Current Accounts 152,101 44
Profit and Loss (Income Account) 24,427 58
Total Liabilities $701,529 02
Previous to 1880 the Northern Kll. Co. owned all the stock of this company and the net
earnings of the road were paid to them as dividends. Since 1880 the company has paid regu-
lar cash dividends of 4 per cent, semi-annually, October and April 1st.
Dividends payable at Springfield, Mass. Interest on bonds payable at Springfield, Mass.
Whole number of dividends paid to date, 12. Registrar of stock, E. F. Lane (Treasurer of
Company), Keene, N. H.
POOR'S MANUAL OF RAILROADS. 87
Directors (elected May 27, 1886).— A. B. Harris, Springfield, Mass. ; H. C. Robinson,
Hartford, Ct. ; Frederick Billings, Woodstock, Vt. ; C. J. Amidon, Hinsdale, N. H. ; J. H.
Albin, N. E. Martin, Concord, N. H. ; J. H. Williams, Bellows Falls, Vt.
A. B. HARRIS, President Springfield, Mass.
Sec. and Treaf.—'E.. F. Lane Keene, N. H. | Gen. Supt.—J. Mulligan Springfield, Mass.
PRINCIPAL OFFICE AND ADDRESS Springfield, Maes.
Corporate and Transfer Offices Keene, N. H.
TROY AND GREENFIELD RAILROAD AND HOOSAC TUNNEL.
Line of Road. — Greenfield, Mass., to State Line, Vt 44 miles.
2d track, 44 ; sidings, 24.09 miles. Gauge, 4 ft. 8| in. Rail (steel, 88 m.), 60 and 67 Ibs.
History. — This road, which includes the Hoosac Tunnel, is owned by the State of Massa-
chusetts, which has issued for it bonds amounting to $13,939,972, representing the cost of con-
struction. The road was thrown open as a toll-road by the statutes of 1875 and 1880. Under
these statutes the Fitchburg RR., the New Haven and Northampton RR., the Troy and Bos-
ton RR. and the Boston, Hoosac Tunnel and Western Ry. Companies run their trains over
this road, and do business thereon, retaining about 50 per cent, of the gross earnings to cover
their expenses.
Rolling Stock (owned). — Locomotive engines, 4. Freight and other cars, 74.
Operations for year ending September 30,1886. — Trains run (passenger, 223,303 ; freight,
325,235), 548,538 miles. Total engine service, 734,831 miles. Passengers carried, 360,255 ;
one mile, 6,529,609. Freight moved, 1 723,205 ; one mile, 67,648,556 tons. Earnings— pas-
senger, $71,645.73; freight, $270,618.12; mail, express, etc., $7,918.48 ; other, $33,583.23—
total, $383,765.56. Operating expenses, $270,417.60. Net earnings, $113,347.96.
On the 1st of February, 1887, this road was consolidated with the Fitchburg RR., under
tue name of the latter, the consolidated company issuing to the State in payment for ita
interest in the railroad and tunnel, $5,000,000 common stock, and $5,000,000 50-year de-
bentures, the latter bearing 3 per cent, for first five years, 3£ per cent, for second five, and 4
per cent, thereafter. See statement for Fitchburg RR. Co.
AUSTIN BOND, Treasurer North Adams, Mass,
PRINCIPAL OFFICE AND ADDRESS North Adams, Mass.
UNION FREIGHT RAILROAD COMPANY.
Line of Road. — Boston and Lowell RR. to Old Colony RR., Boston, Mass 2.43 miles.
2d track, 0.94 mile. Sidings, 1.28 miles. Gauge, 4 ft. 8£ in. Rail (steel), 88 Ibs.
History. — Company chartered and road opened in 1872. Leased for ten years from Jan-
uary 1, 1874, to the Old Colony RR. Co., at an annual rental of 40 per cent, of earnings.
Since January 1, 1884, when the lease to the Old Colony expired, this company has operated
its own road. Locomotive engines, 4.
Operations for year ending September 30, 1886. — Miles run by freight trains, 18,364.
Freight moved, 238,921; moved one mile, 329,921 tons. Earnings (from freight), $73,129.82.
Operating expenses — transportation, $12,349.51; motive power, $13,592.50; maintenance of
way and buildings, $10,192.15 ; general expenses, $9,180.24 — total, $45,314.40. Net earnings,
$27,815.42. Other receipts, $912.00 — total available revenue, $28,727.42. Paid interest on
debt, $7,557.94; dividends on stock, $21,000.00— total, $28,557.94; balance, surplus, $169.48;
surplus from last year, $32,477.07 — total surplus, $32,646.55.
Financial Statement, September 30, 1887.— Capital stock, $300,000; bills payable,
$110,000; current accounts, $4,312.30; profit and loss, $32,646.55— total, $446,958.85.
Contra: Cost of road, $401,069.67; cost of rolling stock, $17,000; stocks and other invest-
ments, $13,000; materials and fuel on hand, $3,483.76; cash on hand, $12,405.42— total,
$446,958.85.
Directors (elected January 3, 1886).— Charles F. Choate, Southborough, Mass. ; Henry A.
POOR 8 MANUAL OF RAILROADS.
Whitney, Milton, Mass. ; A. A. Folsom, J. R. Kendrick, Wm. G. Russell, Boston, Mass.;
Royal W. Turner, Randolph, Mass.
CHARLES F. CHOATE, President Boston, Mass.
Treaturer—B. B. Torrey Boston, Mass. | Gen. Supt.—A. H. Grovenor Boston, Mass.
PRINCIPAL OFFICE AND ADDBESS.. Boston, Mass.
VERMONT VALLEY RAILROAD COMPANY OF 1871.
Line of Road.— Bellows Falls, Vt., to Brattleboro' Vt 24 miles
2d track, 2.5 m.; sidings, 1.00 in. Gauge, 4 ft. 8| in. Rail (steel, 24 m.), 56 and 66 Ibs.
History.— Chartered Novembers, 1848; road opened in 1851. Leased May 12, 1865, to
trustees for 10 years, at an annual rental of $60,000. Lease transferred to the Rutland RR.
Co. January 23, 1871, and operated by that company until April 5, 1877, when the road was
surrendered to the Vermont Valley RR. Co. of 1871, which has since operated it under ar-
rangement with the Connecticut River RR. Co. Toward the elope of 1880, the V. V. RR. Co.
purchased the Sullivan County RR., and to provide means for such purpose made an issue of
$800,000 30-year bonds, dated October 1, 1880, interest 5 per cent., payable April and October
These bonds are secured by a first mortgage on the line of the V. V. RR. and by a collateral
pledge of the $500,000 capital stock of the S. C. RR. to the Boston Safe Deposit and Trust
Co., trustee of the mortgage. The dividend declared on the Sullivan RR. stock pays the
interest on the bonds. On June 1, 1881, the V. V. RR. Co. of 1871 took formal possession
of the road.
Rolling Stock. — Locomotive engines, 7. Cars — passenger, 2 ; baggage, etc., 2 ; box, 17;
flat, 4— total, 25.
Operations for year ending September 30, 1886. — Train mileage — passenger, 61,571 ;
freight, 44,982; other, 29,044 — total, 135,597 miles. Passengers carried, 93.153; carried one
mile, 2,006,462 ; average mile rate, 3.34 cents. Tons freight moved, 375,843 ; moved one
mile, 9,029,681 ; average ton-mile rate, 1.077 cents.
Earnings. -Passenger $67,09792
Freight 97,30058
Mail 4,036 58
Express 2,800 00
Expenses. — Transportation $56,552 49
Motive Power and Cars 8,321 74
Maintenance Way and Buildings. 30,817 31
Genera) 11,405 90
Total ($4,462.39 per mile) $107,097 44
Add interest received, $4,680.40 ; other re-
Total ($7,184.80 per mile) ..$171,235 08
Net earnings (37.46 per cent.) $64,137.64.
ceipts, $1,072.66— total available revenue, $69.890.70. Payments : Interest on debt, $2,121.-
97; dividend*, $60,000; rents, $2,000— total, $64,121.97. Balance, surplus, $5,768.73;
surplus from last year, $75,476.03— total surplus, $81,244.76.
General Balance Sheet, September 30, 1886.
Cost of Road and Real Estate $972,251 00
Cost of Rolling Stock 51,484 92
Stock* and l< Is Owned 800.00000
Current Accounts 130,289 51
Cash on Hand 3,460 04
Front and Loss 75754
Capital Stock $1,000,00000
Funded Debt Onufanding ?00,000 00
Bills Payable 38,000 00
Current Accounts 38.998 25
Profit and Loss (Income Account) 81,244 76
I'Vli. 13, 1874, Op. c.
!••<•!>. 2, 1875, Op. c.
April 15, 1870, Op. c.
Jan. 20, 187W, 2 p. c.
TotalAssets , $1,958,24301 Total Liabilities $1,958,24301
Statement showing the dates and rates of all dividends paid by the Vermont Valley RR.
Co. of 1871, from its organization to the close of the year 1886 :
Mar. 16, 1880, 2 p. c. July 1, 1882, 2 p. c. July 1, 1884, 3 p. c. July 1, 1886, 3 p. c.
Jnn. 1,1881, 2i p. c. Jan. 1, 1883, 3 p. c. Jan. 1, 1885. 3 p. c.
July 1,1881, 2 p. c. July 1, 1883, 8 p. c. July 1, 1885, 3 p. c.
Jan. 2,1882,2 p. c. Jan. 1, 1884, 3 p. c. Jan. 1, 1886, 3 p. c.
Annual meeting, third Wednesday in June. Books close for annual meeting ten days
prior thereto ; for dividends, ten days prior to payment of same. Dividends payable at Bel-
lows Falls, Vt. Interest on bonds payable at Boston, Mass. Trustee of bonds, Boston Safe
Deposit and Trust Co., Boston, Mass. Registrar of stock, J. H. Williams (Treasurer of com-
pany), Bellows Falls, Vt.
Directors (elected June 16, 1886).— A. B. Harris, Springfield, Mass.; H. C. Robinson,
POOR'S MANUAL OF EAILROADS. 89
Hartford, Conn.; Frederick Billing?, Woodstock, Vt.; H. E. Folsom, Lyndonville, Vt.; Oscar
Edwards, Northampton, Mas?.; J. H. Williams, Bellows Falls, Vt.; Hugh Henry, Chester, Vt.
A. B. HARRIS, President Springfield, Mass.
Clerk and Treas.—J. H. Williams Bellows Falls.Vt. | Superintendent— J. Mulligan Springfield, Mass.
PRINCIPAL OFFICE AND ADDRESS Springfield, Maps.
Corporate and Transfer Offices Bellows Falls, Vt.
WHITEFIELD AND JEFFERSON RAILROAD COMPANY.
Line of Road. — Whitefield Junction, N. H., to Jefferson and Camp Carroll, 18.36 miles.
Sidings, etc., 2.66 miles. Gauge, 4 ft. 8^ in. Rail (steel, 10.50 miles), 50 Ibs.
History.— Chartered July 11, 1878 ; opened July, 1879. In 1881 the company bu'lt the
extension to Camp Carroll, 2.68 miles.
Rolling1 Stock. — Locomotive engines, 4. Cars — passenger, 2 ; saloon, 2 ; freight (logging
4-wheel, 80 : platform, 10), 90 ; derrick, 1— total, 95.
Operations for year ending March 31, 1886. — Train mileage not reported. Passengers
carried, 12,265 ; carried one mile, 113,836 ; average mile rate, 4.40 cents. Tons freight
moved, 94,487 ; moved one mile, 282,839 ; average ton-mile rate, 10.27 cents. Earnings — pas-
senger, $5,004.47; freight, $29,041.80; mail and express, $468.58; other, $1,585.33— total,
$36,095.18. Expenses — transportation, $11,385.42 ; motive power, $4,835.48 ; maintenance
of way, etc., $7,222.95; miscellaneous, $1,540.17— total, $24,984.02. Netearnings, $11,111.16,
from which was paid a dividend of 6 per cent. May 26, 1885, $10,200. Surplus, $911.16 ;
surplus from last year, $32,386.84— total surplus, $33,298.
Financial Statement, March 31, 1886.— Capital stock, $170,000 ; profit and loss, $33,-
298— total, $203,298. Contra: Cost of road, etc., $189,504.39 ; current accounts, $1,673.10 ;
cash, $12,100.51.
Annual meeting, Monday before last Tuesday in May. Whole number of dividends paid
to date, 4— June 1, 1880 ; May 30, 1881 ; March 31, 1884; May 26, 1885 ; also June 1, 1886,
from earnings last year, of 6 per cent., $10,200.
Directors (elected Monday before last Tuesday in May, 1886). — Alson L. Brown, Warren
G. Brown, Whitefield, N. H. ; Nathan R. Perkins, Jefferson, N. H.; Ossian Ray, Lancaster,
N. H.; Edwin Morey, Chas. S. Mellen, Boston, Mass.; Samuel N. Bell, Manchester, N. H.;
Wm. A. Stowell, Montpelier, Vt.
NATHAN R. PERKINS, President Jefferson, N. H.
Secretary— Samuel N. Bell Manchester, N. H. | Treasurer— Edward D. Harlow Boston, Mass.
Superintendent— A.. L. Browu Whitefield, N. H.
PRINCIPAL OFFICE AND ADDRESS Whitefield, N. H.
Transfer Office 31 Milk Street, Boston, Mass.
WHITNEYVILLE AND MACHIASPORT RAILROAD COMPANY.
Line of Road. — Whitney ville, Me., to Machiasport, Me 7.87 miles.
History.— Chartered as Franklin RR. Co., March 3, 1842; opened 1843. The road is
built of wood, with a flat iron bar 2£ inches wide laid on the wooden rail. It has no passen-
ger business, being used solely for the transportation of lumber.
Rolling Stock. — Locomotive engines, 2. Freight cars. 48.
Operations not reported. Earnings about pay current expenses.
Financial Statement.— Capital stock, $100,000. Cost of road and equipment,, $110,000.
JAMES D. POPE, President East Machias, Me.
Cornelius Sullivan, Treas. Gen. Man. and Pur. Agt Whitneyville, Me.
PRINCIPAL OFFICE AND ADDRESS Whitneyville, Me.
WOOD RIVER BRANCH RAILROAD COMPANY.
Line of Road. — Wood River Junction, R. I., to Hope Valley, R. 1 5.7 miles.
Sidings, 0.90 mile. Gauge, 4 ft. 8£ in. Rail (steel, 0.20 mile), 46 and 56 Ibs.
90 POOR'S MANUAL OF BAILROADS.
History.— Chartered May, 1872 ; road opened July 1, 1874. Connects with N. Y., P. &
B. UK.
Rolling Stock.— Locomotive engines, 2. Cars— passenger, 2 ; baggage, 1.
Operations for year ending September 30, 1885. — Traius run (passenger and mixed),
1C, 358 miles. Passengers carried, 22,000; carried one mile, 116,865. Tons freight moved,
8,301 ; moved one mile, 46,065. Earnings— passenger, $4,158.83; freight, $7.345.75 ; mail,
express, etc., $535.36— total, $12,039.94. Operating expenses, $7,764.16. Net earnings,
$4,275.78. Other receipts, $277.50. Total available revenue, $4,553.28. Payments : Interest
on bonds, $3.210; other interest, $383.29; sundries, $116.19— total, $3,739.48. Balance,
surplus, $813.80— less sundry charges, $142.22— $671.58 ; add surplus from last year, $11,-
438.43— total surplus, $12,110.01.
Financial Statement, September 30, 1885.— Capital stock, $60,000 ; funded debt, 1st
mortgage 6 per cent. 10-year $500 coupon bonds, due July 1, 1894, interest January and July,
$47,r75; bills payable, $6,000; profit and loss, $12,110.01— total, $125,285.01. Contra:
Cost of road, $109*,363.37; of equipment, $13,554.60; cash, $2,367.04— total, $125,285.01.
Interest payable at First National Bank of Hopkinton, R. I.; annual meeting first Tues-
day in December; books closed, date of meeting. Trustees of bonds, Amos G. Nichols and
David L. Aldrich ; registrar of stock, George H. Qlney.
Directors (elected December 1, 1885).— Harris Lanphear, Rockville, R. I.; Amos G.
Nichols, William R. Greene, George H. Oluey, David L. Aldrich, Leauder M. Barber, Henry
C. Nichols, Edward Barber, Hope Valley, R. I.; John L. Kenyon, Wyoming, R. I.
HARKIS LANPHEAR, President Rockville, R. I.
Treas. and Sec.—Geo. H. Olney Hope Valley, R. I. | Superintendent— L. M. Barber Hope Valley, R. I.
PRINCIPAL OFFICE AND ADDRESS Hope Valley, R. I.
WOODSTOCK RAILROAD COMPANY.
Line of Road. — Woodstock, Vt., to White River Junction, Vt 13.88 miles.
Second track,.! mile. Gauge, 4 ft. 8£ in. Rail (steel, 0.31 mile), 56 Ibs.
History.— Chartered October 30, 1863. Road opened September 29, 1875.
Rolling Stock (owned by town of Woodstock and used by this corporation under lease).
— Locomotive engine, 1. Cars, passenger, 2 ; freight, 2.
Operations for year ending September 30, 1886. — Trains run (mixed), 20,000 miles.
Passengers carried, 15,390. Tons freight moved, 11,084. Earnings — passenger, $8,828.05 ;
freight, $13,304.98 ; mail, express, etc., $1,362— total, $23,495.03. Operating expenses,
$14.995.73. Net earnings, $8,939.35, which was paid to town of Woodstock on account of
interest. Total interest paid by town of Woodstock, $17,500.
Financial Statement, September 30, 1886.— Capital stock ($50 shares), $259,000 ; funded
debt, 1st mortgage 7 per cent. 20-year bonds (interest guaranteed by the town of Woodstock
for 15 years from date of bonds, and paid April 15 and October 1T< at Woodstock and Boston),
due April 15, 1890, $250,000— total, $509.000. Cost of road, $510,000.
Annual meeting at Woodstock on the second Wednesday in January.
Directors (elected January 13, 1887).— Frederick Billings, Lewis Pratt, Frank N. Bill-
ings, Justin F. MacKenzie, Woodstock, Vt. ; S. S. Thompson, Lyndon ville, Vt. ; William C.
Raymond, Bridgewater, Vt ; John J. Dewey, Hartford, Vt.
FREDERICK BILLINGS, President Woodstock, Vt.
Vlce-Prtfident— Justin F. MacKenzie... Woodstock, Vt.
Secretary— C. P. Marsh Woodstock, Vt.
Treatn/rer and Kup.—J. G. Porter Woodstock, Vt.
Oen. Afan.—S. S. Thompson Lyndonville, Vt.
PRINCIPAL OFFICE AND ADDRESS Woodstock, Vt.
WORCESTER AND SHREWSBURY RAILROAD COMPANY.
Line of Road. — Worcester. Mass., to Lsike Quinsigamond, Mass 2.7 miles.
Gauge, 8 ft. Weight of rail per yard, 56 and 60 Ibs.
History. — Chartered in 1879. Road opened in 1880.
POOR'S MANUAL OF RAILROADS. 91
Rolling Stock. — Locomotive engines, 3. Cars— passenger, 7 ; other, 4— total, 11.
Operations for year ending September 30, 1886.— Trains run, 34,156 miles. Passengers
carried, 337,192 ; carried one mile, 910,418. Earnings, $27,295.85. Expenses and tax- s,
$16,415.23. Surplus, $10,880.62 ; interest accrued, $1,320 ; surplus for year, $9,560.62 ;
surplus from last year, $5,995.93— total surplus, $15,556.45.
Financial Statement, September 30, 1886.— Capital stock, $36,825 ; funded debt, $22,000;
unfunded debt, $3,343.15; profit and loss, $15,556.45— total, $77,724.60. Contra: Construc-
tion, $43,958.10 ; equipment, $33,466.62; cash and assets, $299. 88— total, $77,724.60.
Directors (elected October 28, 1885).— H. H. Bigelow, G. H. Ball, J. fl. Clarke, E. D.
Stoddard, C. S. Turner, Worcester, Mass.
H. H. BIGELOW, President and Treasurer Worcester, Mass.
Auditor— S. H. Hindley Springfield, Mas?. | Superintendent— Irving E. Bigelow. . .Worcester, Mass.
PRINCIPAL OFFICE AND ADDRESS Worcester, Mass.
GBOUP 2.— Eailroads of the Middle States : New York, New Jersey, Pennsylvania, Delaware, Mary-
land and District of Columbia.
ADDISON AND NORTHERN PENNSYLVANIA RAILWAY COMPANY.
Main Line of Road. — Addison, N. T., to Gaines, Pa 41.00
Ournee Branch : Gurnee Junction, Pa., to Gurnee, Pa 4.50 — 45.50 miles.
Sidings, etc., 4.50 miles. Gauge, 3 ft. Rail — iron, 40 ; steel (12 miles), 30 Ibs.
History.— Chartered in New York June 19, 1882, in Pennsylvania July 13, 1882 ; main
line opened November 27, 1883; Gurnee Branch in 1883. Companies consolidated in 1884.
Rolling Stock, September 30, 1886. — Locomotive engines, 5. Cars — passenger, 6; bag-
gage, mail and express, 2 ; freight (box, 15; platform, 29 ; caboose, 2), 46 — total cars, 54.
Operations for year ending September 30, 1886.— Train mileage— passenger, 45,992 ;
freight, 82,620— total, 128,612 miles. Passengers carried, 50,808 ; carried one mile, 606,056 ;
average mile rate, 3.00 cents. Tons freight moved, 63,409 ; moved one mile, 2,403,841 ;
average ton-mile rate, 2.30 cents.
Earnings.— Passenger $18,181 67
Freight 55,348 12
Mail and Express 4,828 49
Miscellaneous 12,794 18
Total ($1,992.36 per mile) $90,652 46
Ex penses.— Transportation $28,885 87
Motive Power and Cars 5,589 87
Maintenance Way and Buildings. 21,596 45
General 5,764 87
Total ($1,359.06 per mile) $61,837 06
Net earnings (31.79 per cent.), $28,815.40. Payments: Interest on, bonds, $7,935.05 ;
taxes, '$739.94 ; interest on debt, $5,328.67— total, $14,003.66. Surplus, $14,811.74 ; deficit
from last year, $16,971.90. Surplus as per balance sheet, $7,893.17.
General Balance SJieet, September 30, 1886.
Cost of Road and Equipment $961,116 18
Stocks and Bonds Owned 401,300 00
Funded Coupons 37,050 00
Bills Receivable 51,875 61
Current Accounts 24,414 29
CashonHand 6,24616
Total Assets $1,482,002 24
Capital Stock $600,00000
Funded Debt Outstanding ... 637,050 00
Bills Payable 206,174 99
Interest on Funded Debt 13,035 45
Open Accounts 8,227 45
Audited Vouchers and Pay Rolls 9,621 18
Profit and Loss 7,89317
Total Liabilities $1,482,002 24
Funded debt consists of 1st mortgage 6 per cent. 30-year coupon bonds, due February 1,
1913, interest February and August, $438,000 ; 6 per cent, funded coupon scrip, dated Febru-
ary 1, 1885, due 1890, interest February and August, $37,050.
Annual meeting, first Tuesday in February. Books close for annual meeting thirty days
prior to same ; for dividends, thirty days previous to payment of same.
In April, 1886, the road and property of this company were placed in the hands of Thomas
C. Platt as receiver, on application of certain creditors.
92
POOR'S MANUAL OP RAILROADS.
Directors (elected February 2, 1886).— Thomas C. Platt, William C. Sheldon, Henry P.
DeGraaf, Wm. Brookfield, Edmund S. Bowen, Frank H. Platt, Qeo. R. Blancbard, Walter S.
Qurnee, Jr.. New York, N. Y.; James E. Jones, Addison, N. Y.; Charles L. Pattison, Elk-
land Pa. ; James Horton, Westfield, Pa. ; John W. Hammond, Osceola, Pa. ; Royal W. Clin-
ton, Newark Valley, N. Y.
THOMAS C. PLATT, President and Receiver 82 Broadway, New York.
William Brookfield, Vice-President 45 Cliff Street, New York.
Treasurer— W. C. Sheldon , ... New York, N. Y. | Secretary— James E. Jones Addison , N. Y.
PRINCIPAL OFFICE AND ADDRESS Addison, N. Y.
Transfer Office. . 4 Wall Street, New York, N. Y.
ADIRONDACK RAILWAY COMPANY.
Line of Projected Road.— Saratoga, N. Y., to Ogdensburg, N. Y. (about) 180 miles.
Completed : Saratoga Springs to North Creek , N. Y 58 miles.
Sidings, 2.75 miles. Gauge, 4 ft. 8i in. Rail (steel, 16 miles), 60 to 65 Iba.
History. — The Adirondack Railway Co., incorporated July 7, 1882, is successor to the
Adirondack Company, which was chartered October 24, 1863, to build a line from Saratoga
to Ogdensburg ; road opened to its present terminus December 31, 1870. In 1874 the road
was placed in the hands of a receiver, by whom it was operated until September 29, 1881,
when it was sold under a decree of foreclosure and purchased by the trustees of the bond-
holders. In August, 1882, the trustees surrendered the road to the new company. In the
reorganization the present company acquired, in addition to the road and franchises, about
500,000 acres of lumber land, iu the Adirondack region, formerly the property of the old
company.
Rolling Stock. — Locomotive engines (owned, 8; leased, 2), 5. Cars — passenger' (owned,
4; leased, 2), 6 ; baggage, etc., 3; freight (box, 10 ; crane, 1 ; platform, 44), 55 — total, 64.
Operations for year ending September 30, 1886. — Trains run — passenger, 52,692 ; freight,
35,272 ; other, 1,380 — .total, 89,344 miles. Passengers carried, 32,832 ; carried one mile,
959,190 ; average mile rate, 3.8 cents. Tons freight moved, 56,939 ; moved one mile, 1,463,-
092 ; average ton-mile rate, 5.06 cents.
Expenses.— Maintenance of Way, etc $60,081 98
Motive Power and Cars 10,586 12
Transportation 24,346 01
General 17,220 87
Total ($1,975.24 per mile) $118,514 63 Total ($1,870.28 per mile) $11£,216 98
Net earnings (5.31 per cent.), $6,297.65; rent, $120; water privileges, $4,500— total
available revenue, $10,917.65. Payments : Interest on funded dfbt, $4,500 ; other interest,
$2,329.89 ; taxes on property, $2,778.36 ; other taxes, $1,253.91— total, $10,862.16. Surplus,
$55.49 ; surplus from last year, $11.668.34— total surplus September 30, 1886, $11,723.83.
General Balance Sheet, September 30, 1886. — Capital stock (authorized, $4.000,000),
issued, $2,600.000; funded debt (1st mortgage 6 per cent., dated January 5, 1883, due at
option of holder, $75,000 ; trustees' certificates, convertible into 2d mortgage bonds, $1,486,-
637.75), $1,561.637.75 ; notes and acceptances, $46,826.72; current accounts, $7,413.57 ; sur-
plus, $11,723.83— total, $4,227,601.87. Contra: Cost of road and equipment, $2,728,692.55;
Iftiuls, $1,483,645.20 ; cash, $12,104.58 ; current accounts, $970 ; due by agents, $689.54 ; mate-
rials, etc.. $1,500— total, $4,227,601.87.
For the terms of the reorganization, see MANUAL for 1884, page 109.
Annual meeting second Wednesday in September ; books close thirty days previously.
Stock to be voted must be owned thirty days.
Directors.— William W. Durant, John JL. Barbour, Cornelius E. Durkee, Wm. Hay
Bockes, Saratoga Springs, N. Y.; George T. M. Davis, William Sutphen, Thomas Williams,
Jarvis S. Baker, New York, N. Y.; John T. Banker, Cranford, N. J. ; George Leavitt, Ches-
Ewnings.— Passenger $36,70758
Freight 74,074 41
Mail and Express 6,497 19
Miscellaneous 1,235 45
POORS MANUAL OF RAILROADS.
93
tertown, N. Y. ; Prank H. Stott, Arthur C. Stott, Stottville, N. Y. ; Edward L. Molineux,
Brooklyn, N. Y.
WILLIAM W. DURANT, President New York City.
George T. M. Davis, Vice- President New York City.
Secretary and Treas.— John T. Banker. New York City. | Superintendent— C. E. Durkee. . Saratoga Springs, N. T
PRINCIPAL OFFICE AND ADDRESS 20 Nassau Street, New York City.
ALLEGHENY VALLEY RAILROAD COMPANY.
Main Line of Road.— Pittsburgh, Pa., to Oil City, Pa 132. 00 miles.
( Low Grade Division : Ked Bank, Pa., to Driftwood, Pa 110.00 miles.
Branches: 4 Plum Greek : Verona to Coal Works 7.00 miles.
( Sligo : Sligo Junction to Sligo 10.00 miles.
Total length of lines operated 259.00 miles.
2d track, 12 miles ; sidings, 84 miles. Gauge, 4 ft. 9 in. Rail (steel, 249.50 miles), 60 lbs».
History. — Chartered as Pittsburgh, Kittanning and Warren RR. Co., April 4, 1837;
under present name April 14, 1852. Company organized February 12, 1852; construction
commenced March 17, 1853. The road was opened from Pittsburgh to Kittanning, January
80, 1856 ; to Mahoning, May 12, 1866 ; to Brady's Bend, June 27, 1867 ; and to Oil City, Feb-
ruary 2, 1870. The Low Grade Division was chartered as Pittsburgh and Susquehanna RR,
Co. in April, 1837, and opened for business June 1, 1874. The road was placed in the hands
of receivers May 2, 1884, on the application of the Pennsylvania, the Northern Central and
the Philadelphia and Erie Railroad Companies. The interest on all bonds except incomes
and Low Grade Division firsts has been paid by the receivers, with sanction of the court.
Rolling Stock, December 31, 1886.— Locomotive engines, 71. Cars — passenger, 30;
baggage, mail and express, 20; freight (box, 302 ; platform, 1,657; stock, 1; caboose, 28),
1,988 ; service cars, 272 — total cars, 2,310.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings. -Passenger $470,825 30
Freight 1,266,798 60
Mail 26,14079
Express 18,427 14
Miscellaneous 30,537 51
Expenses.— Transportation $351 ,015 82
Motive Power . 275,278 32
Maintenance of Cars 180,535 44
Maintenance Way & Buildings 250,529 01
General 74,140 C2
Total ($6,998.95 per mile) $1,812,729 34 Total ($4,368.72 per mile) $1,131,499 21
Net earnings (37.60 per cent.), $681,230.13. Add interest and dividends, $2,574.69— total,
$683,804.82. Payments : Interest on general mortgage bonds, $392,000 ; on 1st mortgage
bonds, $700,000 ; 2d mortgage bonds, $115,000 ; on real estate liens, $4,781.53 ; on car trusts,
$3,822.48 ; real estate, $58155— total, $1,116,188.56. Balance, deficit, $432,383.74; deficit
January 1, 1886, $8,993,313.06 — total, $9,425,696.80. Less old accounts collected during year,
$1,464.38. Deficit as per balance sheet, $9,424,232.42.
General Balance Sheet, December 31, 1886.
Cost of Road $21,683,452 77
Cost of Rolling Stock 2,366,087 53
Stocks and Bonds Owned . . .
Materials and Fuel on Hand.
Old Balances, Unavailable. . .
Current Accounts
Cash on Hand
175,00000
121,46009
266,925 10
123,809 94
576,469 45
Profit and Loss ... . 9,424,232 42
Total Assets $34,737,497
Funded debt consists of :
Capital Stock ($50 shares) $2,166,500 00
Funded Debt Outstanding 26,023,100 CO
Current Accounts
Other Liabilities
Guaranteed Coupons held by P. RR. Co. .
Interest Accrued, due in 1887
Interest due, not Presented
Bond and Mortgage on Real Estate
161,271 93
23,810 64
5,931,100 00
878,500 00
81,650 00
21,564 73
Total Liabilities $34,737,497 30
General mortgage (Riv. Div., 132 m.) 7.3 p. c. 30-year bonds, due March 1, 1896 (Interest Jan. and July). $4,000.000
1st mortgage (Low Grade Div., 110m.) 7 per cent. 40- year bonds, due April 1, 1910 (inter. Apr. & Oct.).. 10,000,000
2d mortgage (Low Grade Div., 110 m.) 5 per cent, bonds, dated April 1, 1870 (interest Jan. and July) 2,300.000
Income, 3d lien, 7 per cent. 80-year mortgage bonds, due October 1, 1894 (interest April and October) 9,723,100
94
POOR'S MANUAL — ALLEGHENY VALLEY RR. CO.
Statement of operations, capital account, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad . . .
I'as-riitrer Train M..
Freight Train Miles.
Other Train .Mile- .
295
473,360
840,846
99,290
259
479,839
857,995
259
499,514
1,014,837
103,671
259
526,187
1,035,897
114,769
259
566,452
970,387
98,282
259
650,058
978,390
79,165
259
622,761
800,152
70,330
259
645,876
913,586
85,491
Passengers Carried. .
I'a-M-ni_'rr Miles. .. .
Freight (tons) Moved
Freight (ton) Miles..
I'a-isonsror Earnings.
Freight Karnings
786,550
18,976,446
2,471,215
94,606,809
$
393,021
1,300,667
51,629
935,885
16,119,027
2,611,983
107,352,410
8
440,430
1,419,814
59,285
1,033,884
17,292,809
3,185,176
127,015,267
*
482,060
1,626,892
60,835
1,070,563
19,141,989
3,613.085
153,860,833
S
522,936
1,770,387
63,375
1,082,926
19,128.645
3,506,953
155,251,631
8
525,758
1,666,689
63,495
985,591
17,169,870
2,751,154
163,275,465
8
483,371
1,571,176
59,335
9(16,557
16,571,359
2,404,282
138,847,110
8
427,473
1,286,037
66,623
1,110,863
17.US3.779
2,710,286
172,352,121
S
470,825
1,266,799
75,105
Gross Earnings
Transportation Exp.
1,745,317
983,481
1,919,529
1,087,227
2,169,787
1,265,114
2,356,698
1,427,456
2.255,94-2
1,364,328
2,113,882
1,292,563
1,7SO,133
1,108,999
1,812.729
1,131,499
Net Earnings
761,836
832,302
904,673
929,242
891,614
821,319
671,134
681,230
Gross Earnings p. M.
Gross Expenses p.M.
Net Earnings per M.
Expenses to Eiirn'gs.
Av. Kate p. Pass. p.M
Av. Cost p. Puss. p.M
Av. Profit p. Pa-s. p.M
Av. Rate p. Ton p. M.
Av. Cost p. Ton p. M
Av. Profit p. Ton p.M
Capital Stock
6,738 67
3,797 22
2,941 45
56.35 p. c.
2.81 c.
1.82 c.
0.99 c.
1.37C.
0.77 C.
0.60 C.
8
2,166,500
7,411 31
4,197 78
3,213 53
56.64 p. c.
2.732 c.
1.643C.
1.089 c.
1.322 C.
0.766 c.
0.556 C.
8
2,166,500
8,377 54
4,884 60
3,492 94
58.31 p. c.
2.788 c.
1.631 c.
1.1570.
1.275 c.
0.771 c.
0.504 C.
S
2,166,500
9,099 22
5,511 41
3,587 81
60.57 p. c.
2.732 c.
1.627c.
1.105C.
1.151 c
0.725 c.
0.4:26 c.
8
2,166,500
8,710 20
5,267 68
3,442 52
60.47 p. c.
2.748 c.
1.633C.
l.HOc.
1.074C.
0.677 C.
0.397 C.
8
2,166,500
8,161 71
4,990 59
3,171 12
61.15 p. c.
2.815 c.
1.807 c.
0.948 c.
0.962 C.
0.595 c.
0.367 c.
$
2,166.500
6.873 10
4i281 85
2,591 25
62.30 p. c.
2.579 c.
1.825 c.
0.754 c.
0.922 C.
0.580 c.
0.342 c.
9
2,166.500
6,998 95
4,368 72
2.630 23
62.40 p. c.
2.617 C.
1.716 c.
0.901 c.
0.7:56 c.
0.477 c.
0259C
S
2,166500
Funded Debt. .
23 986 800
24,571,000
25,071,700
25,460,700
25 989,500
26 220400
2(> 120.3(10
26 023 100
Bonds and Mortgages
Pennsylvania RR.Co
Current Accounts. . .
Other Liabilities
161,444
2,188,095
656,106
195,048
161,444
2,520,280
667,499
116,634
161,444
2,920,260
705.070
77,164
161,444
3,539,305
635,106
74,833
161,444
3.902.815
582,616
71,845
123,944
4,581,135
557,890
27,782
123.944
5,232.710
498,732
57,484
431.715
5,931,100
161,272
23,810
Total Liabilities.
Construction
29,353,903
21,571,738
30,203.357
21,507,585
31,102,138
21.683 453
32.037,888
21 683,453
82,874.720
21 683 458
33,627.651
21 C83 4f3
34,201,670
21 083 453
34,737,497
x.'l 0^:! 453
Equipment
2,413,863
2,413,863
2,366,087
2,366,087
2,366,087
2 366 OS8
2 36'i OS8
2 300 OSS
Stocks and Bonds. . .
Materials and Snp'ls
Sundry Accounts. . . .
Other "Assets
Cash on Hand . ...
55,000
76,748
105,170
3'.»9,087
188,189
80,000
89,218
84,901
3SH),:#9
176,540
105,000
105,722
12D.433
384.436
179066
130,000
131,829
187.956
884.436
221 133
155.000
108,705
142,531
388,497
208 801
125,000
108,181
114.683
205.695
356 116
* irs,ooo
80,294
102,844
966,996
5°7 754
175.000
121.460
123.870
266,925
570 409
Profit and Loss
4,E44,198
6,870,850
6,151,941
6,982,994
7,821,646
8,608,435
8,993;312
9.424,233
Total Assets
29,353,993
30,203,357
31,102,1:38
32,037,888
32,874,720
33,627,151
34,201,670
34,737,497
The 2d mortgage bonds become due and are payable, $100,000 a year, from and after
January 1, 1875. The original amount was $3,500,000, and to January 1, 1887, twelve an-
nual payments had been made, reducing the amount to $2,300,000.
The amount of income bonds authorized is $10,000,000. They receive the remainder of
net revenue after interest on prior liens, and any deficiency is made up by payments in
additional issues. The limit of $10,000,000 was practically reached April 1, 1884. Since
then no interest on these bonds has been paid. Annual meeting second Tuesday in April.
Interest payable at New York, Philadelphia and Pittsburgh.
Ttie general mortgage River Division, and the 1st mortgage Low Grade Division bonds
are coupon $1,000 each ; the income mortgage bonds are coupon $100, $500 and $1,000.
Interest on first mortgage Low Grade Division bonds is paid by Pennsylvania RR. Co.
Managers (elected April 18, 1886).— Geo. B. Roberts, A. J. Cassatt, Edmund Smith, John
P. Green, N. P. Shortridge, J. N. Du Barry, Philadelphia, Pa.; John Scott; D. A. Stewart,
Chas. E. Speer, Pittsburgh, Pa.
JOHN SCOTT, President Pittsburgh, Pa.
JOHN SCOTT, ) D .
WILLIAM H. BARNES, \ Rece™e™ Pittsburgh, Pa.
Sec. and Treat.- -T. R. Robinson Pittsburgh, Pa. | Gen. Svperinfendent-T>a.vid McCargo. . .Pittsburgh, Pa.
Auditor— T. F. Brown Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDUESS llth and Pike Streets, Pittsburgh. Pa.
POOR'S MANUAL OF RAILROADS. 95
ANGLESEA RAILROAD COMPANY.
Line of Road. — Holly Beach, N. J., to Anglesen, N. J 7 miles.
Gauge, 4 ft. 8i in. Rail (steel), 45 Ibs.
History. — Organized November, 1882; road from Anglesea to Anglesea Junction, 4
miles, built in 1883. Placed in the hands of a receiver September, 1884. Extended to Holly
Beach in 1886.
Rolling Stock. — Locomotive engine, 1.
Operations, etc. — Not reported.
Financial Statement, December 81, 1886.— Capital stock, $50,000 ; funded debt, $50,000
—total stock and bonds, $100,000.
JOHN P. RYON, President Bingham House, Philadelphia, Pa.
J. Alfred Bodine, Receiver Cam'den, N. J.
Secretary & Treasurer— -T '. Wescott Camden, N. J. | Superintendent-^. Wescott Camden, N. J.
PRINCIPAL OFFICE AND ADDRKSS Camden, N. J.
ANNAPOLIS AND BALTIMORE SHORT LINE RAILROAD COMPANY.
Line of Road. — Annapolis, Md., to Baltimore, Md 24 miles.
Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.
History.— Chartered January 6, 1880; road completed about April 1, 1887.
Rolling Stock, December 81, 1886. — Locomotive engines, 3. Cars — passenger, 14 ; bag-
gage, mail and express, 2; freight (box, 10 ; platform, 20), 30 ; other, 10 — total, 56.
Financial Statement, December 31, 1886.— Capital stock, $500,000 ; funded debt (1st
mortgage 6 per cent, bonds, dated April 1, 1884, due April 1, 1914, interest April and Octo-
ber, $.r)00,000 ; 2d mortgage 6 per cent, bonds, dated January 1, 1887, due January 1, 1927,
interest January and July, $500,000), $1,000,000— total stock and bonds, $1,500,000.
Annual meeting, second Wednesday in October. Trustees of bonds, Safe Deposit and
Trust Co., of Baltimore, Md. The bonds are secured by a mortgage on road, equipment, etc.
Directors (elected October 13, 1886).— H. P. Underbill, John Glenn, Baltimore, Md.; J.
S. Ricker, George Burnham, Jr., W. W. Brown, J. Hopkins Smith, Portland, Me.; W. C.
Haskins, E. H. Fennessey, Boston, Mass.; E. G. Wallace, Rochester, N. H.
H. P. UNDERBILL, President and Treasurer Baltimore, Md.
Vice-President— J. S. Ricker Portland, Me. | Secretary — Dorsey Linthicnm Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Baltimore, Md.
ANNAPOLIS, WASHINGTON AND BALTIMORE RAILROAD COMPANY.
Line of Road. — Annapolis, Md., to Junction (B. & O. RR.), Md 20.50 miles.
Sidings and other tracks, 2 miles. Gauge,"4 ft. 8^ in. Rail, 56 Ibs.
History. — Chartered March 21, 1837, under the name of Annapolis and Elk Ridge RR.
Co. ; road opened December 26, 1840. On November 10, 1885, the mad was sold under fore-
closure, and purchased for $100,000 for account of the bondholders, who reorganized in April,
1886, under the existing name. The outstanding bonds of the A. & E. RR. Co. ($358,000), were
exchanged for the same amount of stock of the A., W. & B. RR. Co.
Rolling' Stock. — Locomotive engines, 5. Cars — passenger, 5 ; baggage, mail, and ex-
press, 2 ; and freight, 4 — total, 11.
Earnings, Expenses, etc., for eight months ending December 81, 1886. — Earnings from
passengers, $85,288.53; freight, $9,112.69; mail, $711.98; express, $2,656.27— total, $47,-
769.47. Expenses — transportation, $11,836.94 ; motive power, $2,437.45 ; maintenance of
cars, $585.85; maintenance way and buildings, $7,506.48; general, $2,568.72 — total, $24,-
935.44. Net earnings (47.80 per cent.), $22,834.03 ; add other receipts, $8,346.04— total avail-
able revenue, $31,180.07. Payments: dividends (5 per cent, paid November, 1886, and
January 1, 1887), $17,855; other, $101.85— total, $17,956.85. Balance, surplus, $13,223.22.
96
POOR'S MANUAL OF RAILROADS.
Financial Statement, December 81, 1880.— Capital'stock, $358,000 ; current accounts,
$8,861.39 ; dividend (payable January 1, 1887), $10,713 ; profit and loss, $13,223.22— total,
$885,297.01. Contra: Cost of road and equipment, $358,000 ; current accounts, $1,840.96 ;
cash on hand, $25,456.65— total, $385,297.61. Dividends payable January and July at Alex-
ander Brown and Son?, Baltimore, Md. Annual meeting, first Monday in May.
Directors (elected April 22, 1886).— J. Wirt Randall, Annapolis, Md.; Geo. S. Brown,
John A. Hnmbleton, W. W. Spence, Baltimore, Md.
JOHN WILSON BROWN, President Baltimore, Md.
Secretary and Treasurer— W. G. Bowdoin Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Baltimore, Md.
BALTIMOKE AND DELAWARE BAY RAILROAD COMPANY.
Main Line of Road. — Pierson's Cove, Del., to Chestertown, Md 41
Nicholson Branch : Worton Junction, Md., to Nicholson, Md 9 — 50 miles.
Sidings, etc., 3 miles. Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History.— Consolidation of the Smyrna and Delaware Bay RR. Co. (chartered January,
1873 ; road opened same year) and the Kent County RR. Co. (chartered in 1867 ; road opened
iu 1869-70). The latter was sold under foreclosure and reorganized in the interest of the New
Jersey Southern RR. Co.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 5; freight, etc., 13.
Financial Statement, December 31, 1885.— Capital stock (par, $10), $1,900,000, repre-
senting cofct. No bonds. Annual meeting, second Wednesday in January.
Directors.— J. F. Bingham, Robert W. de Forest, Charles W. Gould, New York City ;
John R. Nicholson, Dover, Del. ; S. M. Williams, Roselle, N. J. ; J. H. Hoffecker, N. F.
Wilds, Smyrna, Del.
JOHN F. BINGHAM, 'President 71 Broadway, New York, N. Y.
Treas.— Robert W. de Forest . . 120 Broadway, N. Y. City. | Sec — Frank L. Hall 120 Broadway, New York City.
General Manager— Fred. Gerker Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS 120 Broadway, New York City.
BALTIMORE AND OHIO RAILROAD COMPANY.
Main Line of Road.— Baltimore, Md., to Wheeling, W. Va 379.00 miles.
Branch lines owned — as below 75.75 miles.
Branch lines leased — as below 113.50 miles.
Other lines controlled through lease or ownership 1,038.04 miles.
Otlier lines operated 86.25 miles.
Ohio River Bridges : Benwood, 1.6 ; Parkersburg, 1.4 3.00 miles.
Total length of lines owned, leased and operated 1,695.54 miles.
Gauge, 4 feet 8i inches. Rail— iron, 60 to 80 Ibs., steel, 67 Ibs.
History. — The Baltimore and Ohio Railroad Company was chartered in Maryland, Feb-
ruary 28, 1827, and in Virginia, March 8, 1827. By the charter its capital stock was placed
at $5,000,000, with the right to organize on the subscription of one-fifth that amount. In the
following April, the required subscription having been obtained, the company was organized
and the surveys of the route at once undertaken. On the 4th of July, 1828, the line having
been finally located to Point of Rocks, the construction of the road was begun with consider-
able ceremony. The progress of construction of the road is shown in the following state-
ment :
,-Termini of Road-* Length Date of
From To in Miles. Opening.
Opp. Hancock Cumberland 55.00 Nov. 5,1842
Cumberland Piedmont 28.00 July 21, 1851
Piedmont Fairmount 96.00 June22, 1852
Fairmouut Wheeling T3 00 Jan. 1,1853
^-Termini of Road—,
From To 1
Baltimore Ellicott'» Mills
Length
i Miles
15.00
46.50
8.00
15.00
39.00
Date of
Opening.
May 24, 1880
Dec. 1, 1881
Apl. 1, 1832
Dec. 1,1834
June 1, 1842
Ellicott'x Mill-
Frederick
Frederick
Point of Rocks
Point of llork* .
Uarper's Ferry. .
. .Harper's Ferry
..Opp. Hancock
POOR'S MANUAL— BALTIMORE AND OHIO RR. CO.
97
The first section of road on its opening was operated by horse power. On August 30,
1830, eteam power was substituted.
The Washington Branch RR. was opened August 25, 1834, and the Parkersburg Branch
RR. (under the name of the Northwestern Virginia RR.), May 1, 1857. Both are substan-
tially owned by the Baltimore and Ohio Company. The Locust Point branch was completed
about 1846 ; the Cauiden Cut-off in 1868 ; the Frederick City branch in 1831 ; the Metropoli-
tan branch, May 28, 1873, and the Cunis Bay branch in 1883.
Statement (A), showing length of railroad and of other tracks on all lines owned, leased
and controlled, September 30, 1886 :
NAME OF LINE OB BRANCH.
TERMINI OP ROAD.
L'NGTH
OP
LINE.
OTIIER TRACKS.
TOTAL
TRACK.
L'NGTH
OP
S.'EEL
RAILS.
From
To
2d Track.
Sidings,
etc.
Main Stem Division:
Main Stem
Baltimore, Md. . .
Mt. Clare
Camden June . . .
Wheel'g, W.Va.
Locust Point
Curtis Bay
379.00
5.00
5.50
285.00
5.00
*176.75
5.00
840.75
15.00
5 50
693.25
10.50
Locust Point Branch
Curtis Bay Branch
Sea Wall Branch
1.25
1.25
Caniden Cut-Off
Carroll's
Mt. Clare Jonc..
Washington, D C
Shepherd. Md
1.50
31.00
12.50
1.50
31.00
3.00
70.75
14.00
51.00
5.50
1.40
1.60
105.25
16.75
27.00
137.50
3.00
63.00
1.50
42.75
2.50
1.40
1.60
12.00
3.00
20.00
16.75
27.00
104.00
Washington Branch
Relay House, Md
Alex'd. .Tunc.Md
Washington, D.C
Fred'k J nnc.,Md
Parkers'g, W. Va
Benwoou, W. Va
Harp.Ferry WVa
Winchester, Va.
Strasburg, Va. . .
Green Spr.,W.Va
Fairmont, W. Va
Graf ton, W.Va..
8.75
1.50
8.25
2.00
Alexandria Branch
Metropolitan Branch
Point of R'ks,Md
Frederick Md
42.75
3.50
Frederick Branch ....
Parkersburg Bridge
Belpre, O
1 4u
1.60
Benwood Bridge
Bellaire, O .
Winchester and Potomac RR...
Winchester and Strasburg RR. .
Strasburg & Harrisonburg RR. .
South Branch RR
Winchester, Va.
Strasburg, Va. . .
Harrisonb'g, Va.
Romney,W. Va.
Morg't'n, W. Va.
Parkers'g, W.Va.
32.00
19.00
50.00
16.00
25.50
104.00
1
4.25
0.75
1.50
33.50
Fairmont.Morg't'n &Pittsb.RR
Parkersburg Branch
Total
731 .50
146.70
0.90
2.80
8.90
8.00
45.10
322.50
i 58.90
242.25
39.00
7.40
0.80
5.50
1.30
3.80
2.30
0.80
1,296.25
248.30
16.30
8.80
50.60
8.20
16.70
12.00
3.90
1,002.25
212.80
Pittsburgh, Div. & Branches ;
Pittsburgh & Connellsville RR.
Branches j
Pittsburgh, Pa..
Port Perry. Pa..
Hickman, Pa
Salisb. June., Pa.
Garrett, Pa
Rockwood, Pa..
Morrell Junction
Connellsville, Pa
Broadford, Pa...
Mt.Sav. June., Pa
Brinton, Pa
Coal Mines
W. Salisbury, Pa
Berlin, Pa
Salisbury Branch .*
Berlin Branch
Somerset & Cambria Branch
O. & B. Short Line, E. Div.
Fayette County Branch
Mount Pleasant Branch ..
State Line RR. . .
35.90
2.50
9.00
7.50
2.00
Trotters. . .
6.90
12.90
Mount Pleas., Pa
9.70
3.70
Total .
245.60
29.70
58.90
60.30
5.80
2.70
4.60
364.80
35.50
6.60
36.80
269.70
29.70
3. SO
32.20
Wheeling & PiUsb. Division :
Bait. & Ohio Short Line
Glen wood, Pa. ..
Zediker, Pa
Washington, Pa.
Zediker Pa
O. & B. Short Line, W. Div . . ,
Wheeling, Pittsb. & Bait. RR..
Total
Washington, Pa.
Wheeling, W.Va
3.90
32.20
65.80
13.10
4.00
4.00
3.65
78 90
77.90
72.00
11.25
14. SO
65.80
77.90
72.00
11.25
14.30
Philadelphia Division :
Philadelphia Branch .
Canton
Del. State Line
52.50
40.30
3.80
14.30
21.40
27.70
3.80
Baltimore & Philadelphia RR..
Schuylkill River E. S. RR
Landenburg Branch
Del.,Md. State L.
Jc. Chester Br. . .
Wilmington, Del
Jc. Chester Br...
Jc. P. &R. RR..
Landenberg, Pa.
Total
110.90
137.29
116.25
52 90
19.80
11.65
21.63
34.13
11.85
65.40
175.45
178 72
150.38
55.25
351.10
175.45
149.89
105.75
22.44
265.80
Trans- Ohio Division :
Central Ohio Division
Bellaire, O
Columbus, O
Lake Erie Division
Siraitsville Division
Chicago Division
Newark, O
Newark. O
Chicago June., O.
Sandusky, O
Shawnee, O
Chicago, 111
43.40
t271.00
"'i4.'70
Total
567.94
24 25
02.00
34.50
133.01
3.75
5.25
735.45
28.00
67.25
543.88
5.00
Lines Operated & Controlled :
Washington County RR . . .
Weverton, Md...
Harrisonb'g, Va.
IIagerstown,Md.
Lexington, Va
Valley RR
Total
86.25
9.00
95.25
5.0u
Grand Total
1,807.99
468.80
469.31
2,746.10
2,088.1
* Including 17 miles third, and 8.25 miles fourth track, and 151.25 miles sidings,
t Including 8.4 miles trackage, Baltimore Jet. to Chicago, 111.
In 1866 the company leased the Central Ohio RR.; in January, 1871, it was connected
with the main stem by completion of the bridge over the Ohio River at Ben wood. In Jane,
1871, a second bridge over the Ohio River was completed so as to secure connection with the
Marietta and Cincinnati (now Cincinnati, Washington and Baltimore) RR. with which traffic
7
98
POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.
arrangements had been perfected some time previously. The various other lines are leased
or controlled under terms giveu in their respective statements.
During 1886 the traffic arrangement previously existing with the Ohio and Mississippi Ry.
for connection with St. Louis was abrogated, and a new contract entered into with the Cin-
cinnati, Indianapolis, St. Louis and Chicago HR. Co.
Statement B.— Aggregate earnings, expenses, and net results of the several divisions of
the railroad for year ending September 30, 1886 :
Revenne.
Net
DIVISIONS.
Passenger.
Tonnage.
Total.
Earnings.
Main Stem*
$
1,950,636 78
$
7,895,976 26
$
9,846,613 04
$
5,820,247 08
$
4,026,365 96
Philadelphia Division
29,606 55
S5,160 75
114,767 30
99,521 02
15,246 28
241.704 19
83,616 41
325,320 60
90,814 99
234,505 61
191,465 09
471,578 6(i
663,043 75
501,096 50
161,347 25
Pittsburgh Division . ...
513.726 10
1,916,359 09
2,430.085 19
1,587,664 21
842,420 98
Wheelin" and Pittsburgh Division
126,597 38
319,661 40
446,258 78
432,808 86
13,449 92
367,617 48
902,858 51
1,270,475 99
791,952 86
478.523 13
Lake Erie Division
236,526 52
776,487 23
1,013,013 75
703,302 59
309,711 16
Straits ville Division
22,613 69
191,677 45
214,291 14
179,082 98
35.208 16
Chicago Division
595,870 08
1,502,697 57
2,098,567 65
1,828,651 32
269,916 33
(Working Expenses, 65.33 per cent.)...
$4,276,363 86
$14,146,073 33
$18,422,437 19
$12,035,742 41
$6,386,694 78
* Including the Winchester and Potomac, the Winchester and Strasburg, the Strasburg and Harrisonbnrg, the
Metropolitan Branch, the Washington City and Point Lookout, the South Branch and the Fairmont, Morgan-
town and Pittsburgh Railroads.
Statement C. — Abstract of property and capital accounts for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
_ .. J ... -,
435
435
435
439 80
439 80
454 75*
454 75*
673
750
685
674 50
743 50
762 CO*
763 75*
544
547
534
552
637
662
666
685
Passenger, etc., Cars
Freight, etc., Cars
353
12,334
358
13,944
368
15,225
j- 15,897
(431
1 17,941
466
21.0%
504
21.408
526
22,210
Capital Stock
$
14,792,568
$
14,792,566
$
14,792,566
$
14,792,566
$
14.792,566
S
14,792,566
$
14,792,566
$
14,792.566
Preferred Stock
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
Funded Debt & Debent'res
Obligations
29,386,875
620 508
27,344,612
25,7-39,029
210,467
25,201,890
24,582,426
23,959,696
34,960,548
34,333,155
Bills Payable
539,000
440,000
1,534,496
1,050,384
511,094
1,155,140
995.507
941,142
Unclaimed Dues
• 92,644
94,8til
105,324
106 933
110,863
119,152
121,147
1,254.357
Washington Branch
169,110
171,540
190,556
237,058
282,167
287,206
309,461
365,171
Profit and Loss
38,204,658
40,661,642
42,258,681
43.907,650
45,763,460
47,703,796
47,814.616
48,047,461
Total Liabilities
Main Stem and Branches. .
Rolling Stock
88,805,361
33,294,778
12 203 068
88,405,221
33,672,428
12,203,068
89,831,119
34,514,450
13 302,939
90,296.490
35,168,296
14 205 056
91.042,596
35,639,381
15,254.226
93,017,556
36,014,879
17.310,944
103.993.845
36.49!) ,502
17,030,138
104,733,852
36,602,1)53
17,676,757
Ohio River Bridges
2,383,069
2,383,069
2.3S3.069
2 383 069
2.383,069
2,383,082
2,3a3,082
2.383,082
Real Estate
2,409.4S6
2.572,201
2,690,860
2 738 099
2,767,803
2,744,807
2,778,950
2.843,739
Stocks and Bonds
23 303 348
22 250 396
22 830 111
24 379 701
22430 524
21,786,641
21.522,943
19,194,728
Advances, etc
Accounts and loans . .
9,140,625
3 935 777
8,993.774
3 924,162
9,431,207
1 256 526
5,959,509
2 224 835
8,822,072
284 466
9,498.857
161,787
19.307.237
418,776
22,269,112
Sinking Funds
205,608
250,158
348,177
3il 101
401 s!«
460,861
518,563
578,996
Uncolleoted Rsvenne
Supplies and Materials
Bills Receivable
Treasurer
479,054
614,609
189,304
646,635
545,015
1,264,286
192,957
153,707
666,324
1,829,816
439,275
138368
697,513
2,011,755
42,449
135 107
ro7.i. ;-
1.456,24>J
44,938
847,949
aS8,4(i9
1,502,604
33.867
230.758
909,131
1,635,351
317,288
672,884
753,809
1.504,350
153.929
772,696
Total Assets
88,808 361
88405221
89 831 119
90 296 490
91 042 596
93 017 556
103 993,845
104,733,852
Bond* in Detail :
Loan of 1880
579500
579 500
579 500
579 500
579500
577 000
577000
578,000
Loan of 18S5
1,710,000
1,710,000
1 710000
1 710 000
1 710 000
1,710.000
1 710,000
1.710,000
Bait. Loan of 1890
2,833 520
2 718 749
2 603 780
2 575 000
2 575 000
2 575 000
2 575 000
2 575,000
Sterling Loan of 1895
Mortgage (N. W. Va)
Sterling Loan of 1908
Sterling Loan of 1910
Sterling Detw. of '78-'81..
2,a^2,!»5r
140,000
8,507,352
9,107,54"
2,420,000
7,855,110
140,000
8,326,111)
8,981,136
968,000
2,602,220
140,000
8,120,879
8,856,650
2,457,588
140,000
7,926,012
8,72;',790
2,272.588
140.000
7,678.902
8,590,436
2,092.588
14il,000
7,427,012
8,432,096
1,906,840
140,000
7,179.612
8,290,096
1,709,275
140,000
6,937.109
8,141,771
B. toBal. (P. AC. RR)..
Bonds to MM. '78-'88
Loan of 19*3 (B. & P.RR.)
840,000
366,000
800,000
366,000
760,000
366,000
720,000
366,000
680,000
366,000
640.000
366,000
600,000
366,000
11,616,000
560,000
366,000
11,616,000
Total
29 386 S7.r
2734461
25 739 029
25 201 890
24 582 426
23 959 69C
34 960 548
34 333 155
B'ds 1877-1927. sec. by b'd
of B. A O. & C. RU.Cos
B'ds 1879-1919, sec. by b'd
of Purkersb. Br. RR. Co
B'ds 1 885- 1 925. sec. l>v b'd
Pitt*b.& Conlsv. RR.Co
7,744,000
3,000,000
7,744,000
8,000,000
7,744,000
8,000,000
7,744,000
3,000,000
7,744,000
3,000,000
7,744,000
3,000,000
7,744,000
3,000,000
10000 000
7,744,000
3,000,000
10 000000
* Including South Branch Railway.
POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.
99
Rolling Stock (including Trans Ohio divisions), September 30, 1884. — Locomotive en-
gines, 662. Cars — passenger, 314; sleeping, parlor, and diuing, 56; baggage and combina-
tion, 78 ; postal, 15 ; miscellaneous, 3 — total passenger train cars, 466. Freight — house,
9,632; gondola, flat bottom and hopper gondola, 5*128; coal, 4,185; stock, 1,223; drovers',
caboose, etc., 443 ; lumber, dump and stone, 281 ; refrigerator and express, 184; miscellane-
ous, 20— total freight train cars, 21,096 ; total of all cars, 21,562.
At the close of the last fiscal year, September 30, 1886, the equipment was : Locomotive
engines, 685. Cars — passenger train, 526 ; freight train, 22,210 — total, 22,736 — an increase
of 23 locomotives, 60 passenger train cars and 1,114 freight train cars in the two years.
Operations for the year ending September 30, 1886.— Engines run — main stem, 8,818,806
miles. Passengers carried, not reported. Freight — through east and west, 2,731, 11!^ tons.
Received at Baltimore : Grain— corn, 9,474,275 ; wheat, 3,437,159 ; barley, 67,450 ; rye, 55,-
376; and oats, 684,168— total, 13,718,428 bushels. Flour, 752,150 barrels; live stock, 70,-
220 tons ; lumber, 92,831 tons. Coal and coke (main stem) — paying, 3,184,087 ; company
supply, 489,361 — total, 3,673,448 tons. Of the paying coal and coke there was delivered at
Locust Point, 2,163,155; in Baltimore, 74,293; at way stations and points west, 946,639 —
total, 3,184,087 tons. Coal and coke transported on main stem and branches, 3,673,448 ; on
Pittsburgh Division, 2,427,238 ; on Trans-Ohio Division, 1,329,681— total, 7,430,367 tons.
Statement D of traffic revenues (main stem and branches) for six years :
1881
1882
1883
.1884
1885
1886
EARNINGS.
Passenger Department
$
1,714,022 16
9,407,337 40
$
1,922,401 17
8,634,168 43
$
2,020,284 00
9,559,555 25
$
2,082,464 10
9,423,493 66
$
1,730,214 87
8,003,036 83
$
1,950,636 78
7,895,976 26
Freight Department
Total
11,122,259 56
210,627 92
45,833 47
10,556,569 60
198,227 40
72,048 95
2,258,207 54
1,003,249 36
10,590 80
154,439 97
55,788 59
39,304 30
95,754 98
31,67899
4,651 90
18,<>(>3 16
28.330 57
654,236 92
235,533 16
675,248 49
88,908 82
11,57448
327,305 20
20,032 41
11,579,83925
200,733 89
56,60968
2,486,047 3!)
796,575 85
13,039 13
186,663 06
58,574 31
76,781 20
118,276 66
30,546 15
5,451 67
18,736 58
28,217 28
624,14636
299,386 71
709,028 67
92,41536
7,186 12
319,14336
20,096 37
11,506,95776
202,031 74
48,339 97
2,740,303 65
785,7«8 27
18,074 62
180,8:720
46,767 08
162,3W 88
104,413 63
33,352 69
5,101 36
19,525 86
39,097 72
580,037 86
280,230 51
582,460 51
93,950 10
7,778 70
324,2:-:8 74
21,46794
9,733,251 70
203,391 F6
31,356 05
2,720,060 96
691,16254
14,955 37
161,231 04
71,550 99
165,582 41
79,512 92
32,432 47
4,590 43
16,702 35
30,013 73
475,205 09
202.8-19 55
416,224 59
92,061 67
8.475 00
323,431 11
22,56042
9,846,613 04
205,221 71
71.86266
2,509,036 26
680,051 95
18.88777
210,217 52
86,368 03
35,826 27
70,928 17
39.023 61
4,362 53
12,810 24
27,261 36
479,857 75
282,740 80
609,680 04
102,701 25
12,233 31
341,02500
20,150 85
EXPENSES.
General Expenses
Losses by Accident, etc
Expenses of Transportation
2.156,414 44
1,083,96953
16,551 86
141,23690
74,691 24
25,065 36
98,201 56
34,854 33
4,406 77
18,928 71
29,386 82
686,795 58
236, nil 93
911,99582
81,557 80
9,786 57
380,893 8i
21,933 21
Repairs of Railway
Repairs of Water Stations
Repairs and Construction of Depots..
Repairs of Bridges
Repairs of Telegraph Lines
Repairs of Stationary Machinery. . . .
Watching Cuts..
Watching Tunnels....
Watching Bridges
Pumping Water
Repairs of Locomo's, incl. New Engs.
Repairs of Passenger Cars
Rep'rs of Burden Cars, incl. New Cars
Cleaning Engines and Cars
Contingent Exp. of the Mach. Dept. .
Fuel
Preparing Fuel and Filling Tenders. .
Total
Earnings over Expenses
6,275,643 71
5,983,625 99
6,147,655 80
6,269,21603
5,763,351 55
5,820,247 Cg
4,848,615 85
56. 42 p. c.
4,572,943 61
56. 68 p. c.
6,432,183 45
53. 08 p. C.
5.237,741 73
54. 48 p. C.
3,969,900 15
59.21 p. C.
4,026,365 96
59. 11 p.C.
Rates of Expenses to Earnings
Income Account, for year ending September 30, 1886. — Statement (E) of traffic revenues
of the Baltimore and Ohio RR. Main Stem, branches, etc., as per statements B and D.
Gross earnings (main stem and branches) — passenger department, $1,950,638.78 ; freight
department, $7,895,976.26— total ($16,411.02 per mile) $9,846,613 04
Operating expenses (59.11 per cent) 5,820,247 08
Net earnings from transportation ($6,710.61 per mile) $4,026,365 96
Receipts from other sources :
Dividend of 10 per cent, for year on Wash. Br. stock $102 800 (
House rents received during fiscal year 17,116 92
Lake Erie Division 108,486 16
Central Ohio Division 33,856 53
Increment from sinking fund, W. C. & P. L. RR 6,225 00—268,484 61
Available revenue. . . $4,294,850 57
100 POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.
Payments :
.Dividends— November 2, 1885, 5 p. c., and May 17, 1886, 4 p. c. .$1,330,596 00
Interest and taxes, including interest on sterling
loan of 1927 -$4,107,711 97
Less cash receipts and net earnings of Baltimore and
Ohio and Chicago RR 1,595,596 50—2,512,115 47
Ground rents ^2,735 45
Rental of Winchester and Potomac RR $27,000 00
Rental of Winchester and Strasburg RR 5,229 00
Kt-ntal of Strasburg and Harrisonburg RR 89,250 00
Rental of W. City and Point Lookout RR 36,000 00— 157,479 00
Straiteville Division, lot-s operating 29,079 18—4,062,0^5 10
Balance, credited to profit and loss $232,845 47
The surplus fund, at the close of 1886, not represented by either stock or bonds, equalled
$48,047,461.16, which amount has been invested, during a long series of years, in valuable
improvements and extensions — in connecting lines, in the great iron bridges over the Ohio
river, in elevators, wharves, piers, docks, terminal facilities, real estate, stations, locomotives,
cars, etc.
General Balance Sheet September 30, 1886.
Dr.
Capital stock, including $7.966 stock scrip 314,792,566 00
Preferred stock, fixed dividends, limited to 6 per cent 5,000,000 00
Surplus Fund— Net earnings invested, not represented by stock or bonds 48,047,4K1 16
Funded debt • 34,333,154 98
SU- rling 5 per cent, loan of 1927, ac. B. & O. & C. RR. Cos (£1 ,600,000) $7,744,000
Secured by B. & O. & C. bonds held by Trustees (£1,600,000) 7,744,000
Six per cent, loan ot 191!), account Parkersbnrg Branch RR. Co 3,000,000
Secured by mortgage bonds P. Br. RR. Co. held by trustees 3,000,000
5 per cent, loan of 1925, ace. Pittsburgh and Connellsville RR. Co 10,000,000
Secured by 2d consol. mtge. bonds P. & C. RR.Co., held by Trustees 10,000,000
Bills Payable 941,141 81
Outstanding Accounts and Loans 1,126.586 32
Unclaimed Dues 127,77050
Washington branch road 365,171 00
Total Liabilities $104,733,851 77
Cr.
Cost of Road, including new stations, buildings, etc., during fiscal year $26,812,621 23
Second, Third and Fourth Tracks 6,038.569 38
Rolling Stock 17,676,757 36
Real Estate 2,843,73944
Ohio River Bridges nt Benwood and Parkersbnrg 2,383,082 19
Metropolitan Branch Railroad 3,751,462 67— $59.506,232 27
Baltimore and Ohio and Chicago RR. Cos., including advances for construction. .. 5,138,492 93
Stocks and bonds owned by the company— see below 14,929,998 40
Stocks and bonds transferred to and held by trustees— see below 4,264,729 64
Sinking Funds 517,431 66
Bait.. Wash. & Alex. Br. W. Cy. & Pt. L. RR.— Sinking Fund transfered to trustees 61,564 24
Philadelphia Branch and the Baltimore and Philadelphia RR. Co 10,092,10497
Baltimore and Ohio Telegraph Company 3,872,693 26
Pittsburgh and Connellsville Railroad Company 952,888 64
Parkersburuh Branch Railroad Company "."/.'. 579.859 00
Cincinnati, Washington and Baltimore Railroad Company'..". 1,633,073 47
Bills receivable ." 153,929 13
Uncollected revenue ' 753 808 56
M at .rials— Road Department, $200,569.93; Machinery' bepartment,'$i,'303,779.95.". 1,604.'849 88
Treasurer— Balance on hand after payment of interest due October 1, 1886, $399,081.75 772,695 72
Total Property and Assets $104,733,851 77
Statement of stocks and bonds owned by the company September 30, 1886 :
Stock (30,069 shares), Baltimore and Ohio and Chicago RR. Cos., of which 28,-
900 shares have been transferred to trustees for the sterling loan redeem-
able in 1927 $1 ,503,450 00
Preferred stock of Parkersburg Branch RR. Co 5,680,684 94
Stocks and bonds, including municipal and railroad corporations 4,93l'.573 13
Stock of the Washington Countv RR. Co 766,290 33
Stock of the Washington Branch I..!...!!..'!!..'.....!... 1,028^000 00
Stock of the Valley RR. Co !...!...!...!...!...!...!.. 1,020,000 00
Total stock and bonds held by company $14,929,998 40
POOR'S MANUAL— BALTIMORE AND OHIO RR. CO.
101
Transferred to and held by Trustees, viz.:
Stocks and bonds, including those of railroad corporations $2,220.872 87
Stock of Central Ohio RR. Co., as reorganized
Stock of Pittsburgh and Connellsville RK. Co
Bonds of the Cincinnati, Washington and Baltimore RR. Co..
268,558 48
237,682 54
1,537,615 75— 4.264,729 64
Issued.
Out.
$700,000
$578,000 00
2.500,000
1,710,000 00
5,000,000
2,575,000 00
3.872,000
1,119,275 25
9,680,000
6,i)37,108 92
9,680,000
8,141,770 81
1,000,000
560,000 00
366,000
366,000 00
500,000
140,000 00
11,616,000
11,616,000 00
Total $19,194,728 04
Statement of funded debt in detail, September 30, 1886 :
Loan of 1850-1880, 6s, interest January and July (extended at 4 per cent.)
Loan of 1853-1885, 6s, interest April and October (see below)
Baltimore Sinking Fund Loan of 1855-90, 6s, int. Jan., April, July and Oct
Sterling Sinking Fund Loan of 1870-1895, 6s, int. March and Sept. (£800,000)
Sterling Sinking Fund Loan of 1873-1902, 6s, int. March and Sept. (£3,000,000)...
Sterling Sinking Fund Loan of 1£74-1910, 6s, int. May and Nov. (£2,000,000)
Bond (pur. of B. int. in Pittsb'gh & C. RR.), $40,000 a year, 6s, int. Jan and July.
Bonds to State (settlement), 1878-1888, 6s, interest January and July
3d Mortgage (N. W. Va. RR.), 1855-1885, 6s, interest January and July
Loan of 1883-1933, $4^8, for acct. Bait. & Phiia. RR., int. April & Oct. (£2,400,000)
Total amount issued and outstanding $44,914,000 $34,333,154 98
In addition to the above are (£1,600,000) $7,744,000 five per cent, sterling bonds, 1877-
1927, interest payable, June and December, secured by similar amount of mortgage bonds of
the B. & 0. & C. RR. Cos., of the same date, bearing 6 per cent, interest, and 28,900 shares
of capital stock of said companies, both placed in the hands of trustees ; $8,000,000 six per
cent, bonds 1879-1919, interest April and October, secured by same amount of 1st mortgage
bonds of Parkersburg Branch RR. Co. of same date, bearing 6 per cent, interest, and placed
in hands of trustees ; $10,000,000 5 per cent, gold bonds, 1885-1925, secured by pledge of
an equal amount of Pittsburgh and Connellsville 5 per cent. 2d consolidated mortgage bonds
held by trustees. The company has also guaranteed 5 per cent, bonds to the amount of
$4,500,000 issued by and secured on the Schuylkill River East Side RR., and $2,500,000 40-
year gold second mortgage bonds of the Staten Island Rapid Transit RR.
The loan of 1850-1880 was extended when it became due in the latter year, and is now
redeemable at the option of the company. The loan of 1853-1885 was extended at 4 per cent,
to October 1, 1936.
The sterling sinking fund bonds of 1870-1895 are secured on the main stem, Baltimore
to Wheeling, 379 miles, and are redeemable by action of the sinking fund (£16,000 per
annum), which is applied annually in March to purchase of these bonds, if not above par, but
if above par the fund may be invested in other securities.
The sterling sinking fund bonds of 1872-1902 are of £100 each ; are secured on main
stem, 379 miles, and Washington to Point of Rocks branch, 42 miles ; and are redeemable by
action of an annual sinking fund of £24,000, which is to be applied semi-annually to purchase
of these bonds, if below par, but if above par the fund is to be invested in other securities.
Bonds of this issue are free of all State and United States taxes ; principal and interest pay-
able at London agents.
The sterling sinking fund bonds of 1874-1910 are of £200 each, and in other respects are
similar to and secured in same manner as the bonds of 1872-1902, with the additional security
of being a mortgage on all appurtenances and equipments of the company and with the ex-
ception that the sinking fund is £18,000 per annum, applied semi-annually.
Interest on sterling bonds of 1870-95 and of 1872-1902 is payable in London by Baring
Brothers & Co.; of 1874-1910 by J. S. Morgan & Co.; on 4i's by Brown, Shipley & Co.
The 4^ per cent, sterling loan of 1933 is a direct obligation of the company, and is specially
secured by a pledge of all the first mortgage bonds of the Baltimore and Philadelphia Rail-
road, amounting to £1,000,000, and by a first mortgage on the Philadelphia branch. The
bonds of £200 each, coupon and registered (convertible at will), are free of all taxes, and ma-
ture April 1, 1933. The Baltimore and Ohio RR. Co. is under obligation that no mortgage
shall hereafter be placed upon its main line that will impair or take precedence of this.
The payments during the year for investments on account of the sinking funds for the
102
POOR'S MANUAL- BALTIMORE AND OHIO RR. CO.
redemption of the eterling loans due in 1895, 1902, 1910 and 1927, amounted to $042,600.79,
which, at $4.84 per pound sterling, make £132,768 15s. 2d.
In accordance with the agreement with the City of Baltimore, the eleventh annual pay-
ment, namely, $40,000 of the principal of the bond for one million dollars given for the pur-
chase of the interest of the city in the Pittsburgh and Connellsville Railroad Company has
been made, thus reducing this obligation to $560,000.
Since the close of the fiscal year the company has made provision for an issue of $2.500,-
000 4i per cent, car trust bonds, dated January 1, 1887, interest payable January and July ;
principal in ten annual payments of $250,000 each, the first, or class A, on January 1, 1888,
and the tenth, or class K, on January 1, 1897 ; secured on certain new equipment of the Bal-
timore and Ohio RR. Co.; principal and interest payable at office of trustee, Mercantile Trust
and Deposit Co., Baltimore, Md.
Statement of operations, main stem and branches for seven years ;
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
547.10
593.20
598.00
598.00
598.00
598.00
598.00
9,025,589
8,765,007
8,373,046
8.857,694
9,453.320
8.350,! 5!l
8,818,806
Through Freight Tons
1, 980,397
2,014,110
2,043,227
2,108.825
2,275,252
2,*K147
2,531,119
Grain, iWliels. . . ) I
Srs.Sons". LeftatBaltim're]
Lumber, Tons — ) (
25,962,696
598,992
165,454
54,530
1,881,890
20,329,858
959,568
115,885
79,003
2,180,608
8,343,240
607,038
80,284
95.266
2,134,600
12,831,761
702.975
90,628
94.2i ifi
2,175,316
Il,f,53,;i52
717,258
82,187
107,398
2,828,609
13,048.258
766.163
87,890
86.560
3,043,626
13,718,428
752,150
70,220
94,881
3,184,087
1
1,379,990
$
1,714,922
$
1,922.401
$
2,020.284
$
2.082,464
S
1,730,215
$
1,950.«57
Tonnage Earnings
9,849,891
9,407,337
8.634,169
9,559,555
9,424,494
8,003,037
7,895,078
Gross Earnings
Operating Expenses
11. 229.881
6,056,900
11,122,259
6,275,643
10,556,570
5,983,626
11,579,839
6,147,656
11,506,958
6,269,210
9,733,252
5,763,352
9.846,613
5.S20.2J7
5,172,981
4,846,616
4,572.944
5,432.183
5,237.74.'
3,969,900
4,026,366
Dividends Wash Br Stock
102,800
102,800
102,800
102,800
102,800
102,800
102,800
Increase of Sinkiniir Funds
119,776
119,884
33,934
5.865
5,865
5.4: 0
6,225
17,860
15,888
19,296
21,009
20,680
10,98S
17,117
Profit Lake Erie Division
108,486
33 856
Available Revenue
5,413,417
157,479
5,085,188
157,479
4,728,974
157,479
5,561,857
157,479
5,367,087
157,479
4,0851,119
157,479
4,294,850
157.479
45,330
48,364
38,454
37,751
34,02!)
33,414
88,786
Interest and Taxes (net)
1,631,386
1,486,542
1,331,446
1,147,662
1,674,292
2,089,718
2,512,115
39,793
123,841
30,658
32,783
75,202
Loss Sirait*villt Division
93,619
43,608
29,923
49,802
64.631
29,079
79,431
854,846
Dividends on Stock
1,182,444
1,478,805
1,478,855
1,478,375
1,478,3*5
1,478,425
1,330.596
Surplus
2,356,984
1,697,036
1.648,979
1,855,821
1,940,316
110,819
232,846
20,52620
18,705 45
17,654 79
19,364 28
19,178 26
16,222 09
1646591
Kxprn-cs per Mile
11,07092
10,554 39
10,007 73
10,2*1 >*
10,448 69
9.1:0:1 :>;
9.7:« 8t5
Net Earning per Mile
9,44528
8,151 06
7.047 08
9,08392
8,729 57
6.610 50
6,733 05
K\p»'iisi'* t<> Karnings
53.93 p. c.
56. 42 p. c.
56. 68 p. c.
54. 48 p. c.
59.21 p. c
59.10p C.
Gross Earninirs per Engine Mile
Operating Expenses per Engine Mile. .
124.42 c.
67.11 c.
120.M) c.
71.69 c.
126.07 c.
71.46 c.
1*1.,. c.
69.40 c.
121.72 c.
66.32 c.
116.55 c.'
69.01 c.
111. (We.
66.00 C.
Net Earnings per Engine Mile
57.81 c.
55.30 C.
54.61 c.
61.33 c.
55.40 C.
47.54 c.
45.65 C.
Eamintjf, etc., by Divisions.
Miles Operated
1,449.27
1,495.37
1,508.90
1,584.25
1,711.25
1,695.54
Main StPtn and Branches
*
11,229,880
$
11,122.259
S
10,566,570
8
11,579,839
S
11,506.958
1
9733,252
9.846,618
rtiil.'idelphia Divi-ion
11 J.707
Wa»hlii"ton Branch.. . ...
814,405
353.571
354,35f
316,50:
335,994
31 5 308
:«:> 3-JO
Parkcrsbn f Branch
860,160
712.158
624,6H5
738,52"
643.163
547 757
Ifi3.f>44
• . Divi-inn
1,54S,994
I,638,tifi2
l,092.0iX
i.srs.i'u
2,046,880
1 724 612
2 098,568
(Viitril Olii" Division
1,003,5! i5
1,01)6,025
807,40
1,103.839
1,169.778
1 060,166
1.270.47ti
I.:ike Ktio Di.i-ion
847,8*1
699,79!
iiio.rm
999.128
1, 'il 6,508
817,785
1. dl:3.014
•irith Divi-ion
Wheeling UK! Pittsburgh Division
Newark, Soin. and Straitsvillu RR. ...
I'itt-lmr h Southern RR
2.2.-is. 1*1
50,380
224,649
2,500.549
53,557
177,304
2,979,790
59,380
188,938
2.813,173
72.09
164,781
43,788
2,294.827
141,89b
168.533
112,125
1, 999.961
299.37-,'
118,430
2.4:;0.085
416.259
214,291
Grong Earnings
1H.317.7W
1S.JIW.87"
IS as:! S7b
19,739,838
19 436 «T
16 616 642
18 422 437
Working Expenses
10,380,970
11,890,479
10.929,214
11,034,015
11, 676,30"
10,973,585
12 035,742
iming-
Expenses to Earnings
74M£R
56. 39 p. c
7.«73.3%
61. 69 p. C
7,454.662
59.44 p. c
8,7(15,823
55.89 p. c
7,760,300
60. 07 p. C
5.643,057
C6.03 p. c.
6,386,695
05. 33 p. c.
POOR'S MANUAL OF RAILROADS. 103
Payments made to the sinking funds during the year :
Increment of sinking funds for the redemption of the sterling loans dne in 1895, 1902, and 1910 $588,392 79
Payment on account of the principal of debt to City of Baltimore for the purchase of its interest in the
Pittsburgh and Connellsyille Co 40,000 00
The Pittsburgh and Connellsville sinking tund 29,913 78
The Baltimore and Ohio and Chicago RR. Co.'s sinking fund 54,208 00
The Washington City and Point Lookout RR. Co.'s sinking f and 6,225 00
Total payments and increments during the year $718,739 57
Statement of the condition of the Sinking Funds, September 30, 1886.
Sterling Loan, redeemable in 1902 $2,742,891 08
Sterling Loan, Redeemable in 1910 1,538,229 19
Sterling Loan, redeemable in 1927 416,240 00
Purch. int. of City of Bait, in P. & C. RR. 440.000 00
Sinking Fund Pittsburgh & Conn. RR. Co 259,957 78
Sinking Fund W. C. & P. L. RR. Co b',564 24
Mortgage Loan, payable in 1880 $122,000 00
Mortgage Loan, payable in 1885 790,OCO 00
Bond's of N. W. Va. KR. ($500,000) indorsed
by B. & O. RR., payable in '85 360,000 00
Loan of City of Baltimore 2,425,000 00
Sterling Loan, redeemable in 1895 2,162,724 75
Total, payments of principal of loans and investments in Sinking Funds $11,318,607 04
Annual meeting, third Monday in November. Books close for annual meeting on or
about 8th of same month ; for dividends, on or about 25th of April and 22d of October.
Bonds and stock listed as follows: On New York Stock Exchange, $3,000,000 6 per cent.
Parkersburg Branch loan of 1919. On Baltimore Exchange, common, preferred, and Wash-
ington Branch stocks. On London Exchange, B. & O. 6 per cent, bonds of 1895, 1902, and
1910 ; 5 per cent, bonds of 1927, and 4| per cent, bonds of 1938.
GENERAL REMARKS.
All the tracks of the main stem and of nearly all the branches east of the Ohio River are now laid with steel
rail. The increased cost of steel substituted for iron rails has been uniformly charged to repair account. Twenty
engines have been built at the company's shops during the year, three rebuilt, two purchased, and five withdrawn
from service. Of those added 20 were charged to Rolling Power, and 5, replacing those withdrawn, to Repair
Account. At Mount Clare and other shops of the company 1,213 cars have been built and rebuilt, and 30 cars
have been purchased. Of this number 714 were charged to Rolling Power, and 529 were charged to Repair Account,
as they replaced an equal number withdrawn and destroyed. There have been arranged for the coke trade 510
cars, 1,131 have been repaired, ard 358 repainted. The line between Baltimore and Philadelphia was opened for
business September 19, 1886. On December 7, 1886, the Schnylkill River Bust Side RR. was completed, and the
connection made with the Philadelphia and Reading in the City of Philadelphia. Passenger stations and freight
warehouses have been erected at many points, and at Newark and Wilmington, Del., and at Chester, Pa., pas-
senger stations of stone and brick are building. At Twenty-fourth and Chestnut Streets, Philadelphia, the main
station is in course of erection. The principal offices of the division will be located in this station. The earnings
of the Baltimore and Ohio Telegraph Company for the year ending September 30, 1886, show an increase of 172 per
cent, over 1884, and 41.25 per cent, over 1885. The telegraph company has paid to the railroad company the agreed
annual rental for the use of the wires on its railroads not needed for rail road purposes, and has also show_n a satis-
factory net earning capacity. The poles and wires of the entire system have been maintained and improved
during the year, and extensions are being made from time to time.
RAILROADS OWNED OR LEASED BY THE BALTIMORE AND OHIO RR. Co.
FAIRMONT, MORGANSTOWN AND PITTSBURGH RAILROAD.— Fairmont to Morgans-
town, W. Va., 25.65 miles. Sidinirs, etc., 1.55 miles. Gauge, 4 ft. 81 in. Rail (steel, 25.09 miles), 64 Ibs. Road
opened February 16, 1886. Operated by the Baltimore and Ohio RR. Co. Capital stock, representing cost of road,
$200,000. Annual meeting, second Wednesday in December. THOMAS M. KING, President ; W. H. Ijams, Secre-
tary and Treasurer, Baltimore, Md.
GRAFTON AND GREENBRIER RAILROAD.-Grafton to Philippi, W. Va., 24miles. Sidings,
etc., 1 mile. Gauge, 3 ft. Rail, iron, 35 ; steel (14 miles), 60 Ibs. Road opened in January, 1884. When completed
the road will extend to Charleston, W. Va., 150 miles from Grafton. Locomotive engines, 2. Cars— passenger, 1 ;
baggage, etc., 1 ; freight (box, 5 ; platform, 7 ; coal, 5), 17— total, 19. Also. 9 sets transfer trucks. Capital stock,
$90.000 ; funded debt, 1st mortgage 6 per cent. 30-year coupon $100 bonds, dated January 1, 1884, interest January
and July, §120,000 ; other liabilities, $24.000— total, £234,000. Contra : Cost of road, $220,000 ; equipment, $20,-
000 ; real estare, etc., $5.500— total, $245,500. The bonds are all held by the Baltimore and Ohio RR. Co. JOHN
BBADSHAW, President, Grafton, W. Va.; J. W. Talbot, Treasurer, Philippi, W. Va.
PARKERSBURG BRANCH RAILROAD.— Grafton (294m. west Bait.), W.Va., to Parkersbnrg, W.
Va., 104 miles ; total tack (steel, 104 m.), 137.50. Chartered as Northwestern Virginia, February 14, 1851, and road
opened May 1, 1857. It was mainly built by the Baltimore and Ohio RR. Co., and has always been operated by
•"- - TI, leaving to the company simply a nominal existenc" T" 100*0,;,! — i..j: — v.!j™« iAK.in~t /-._„„„
Ings— passenger, $191,466.00. and tonnage, $471,578.1
ses ($75.66 per cent.), $501,696.50. Net earnings ($1,43
Operating accounts per mile of road for eight years :
1879 1880 1881 1882 1883 1884 1885 1886
Gross Earnings per mile... $6,259 00 $6,02390 $8,1(5091 $6,00640 $7,10122 $6.10:3 12 $5,2C.6 89 $6,37542
Gross Expenses per mile . . 4,494 08 4,168 27 4,633 12 4,967 26 4,600 63 4,757 50 4,797 20 4,824 00
Net Earnings per mile . 1,764 92 1,855 63 3,527 79 1,039 14 2,500 59 1,344 52 469 69 1.551 42
Expenses to Earnings 71.77 p. c. 69.19 p. c. 56.78 p. c. 82.69 p. c. 64.78 p. c. 77.90 p. c. 91.08 p. c. 75.66 p. c.
Capital stock— common, $97,425.67 ; preferred, $5,680,684.94 ; funded debt, 1st mortgage, 6 per cent. 40-year
bonds, due April 1, 1919, interest April and October, $3,000,000; unfunded debt, $579,859— total, $9,a57.969.61.
The bonds are held by trustees to secure nn equal amount of B. <fe O. bonds. The entire issue of preferred stock
is held by the B. & O. RR. Co. S. SPENCEB, President ; J. W. Kines, Treasurer, Baltimore, Md.
SOUTH BRANCH RAILROAD.— Green Spring to Romney, W. Va., 16 miles. Sidings, etc., 1 mile,
Rail (steel, 16 miles'), 64 Ibs. Chartered February 23, 1871 ; road opened September 1, 1884. Operated by Balti-
more and Ohio RR. Co., which supplies rolling stock. Operations, etc., included in report of B. & O. Capital
stock, $130,700 ; funded debt, 1st mortgage 8 per cent. 30-year coupon $1.000 bonds, due May 1, 1903, interest May
and November, $200,000 ; 2d mortgage 6 per cent. 10-year $1,000 coupon bonds, due October 1, 1893, interest April
104 POOR'S MANUAL OF RAILROADS.
and October, 8115.000— total stock andbonds, representing cost of road, etc., $445,700. SAMUEL SPENCER, Presi-
dent ; W. II. Ij.uns, Treasurer, Baltimore, Md. CORPORATE OFFICE, Baltimore, Aid.
WASHINGTON BRANCH RAILROAD. -Relay House (9 m. w. Bait.) Md., to Washington, D. C.,
81 ; total track (all steel), 70.75 miles. Built under the charter of the Baltimore and Washington RR. Co. ; granted
in Maryland, March 3, 1883, and opened August 25, 1835. Of the capital, $1,028.000. nearly j is held by B. & O,
Co., and i by the State of Maryland ; only $72,000 held byvindividuals. Gross earnings— passenger, $241,704.19,
and tonnage, $83.616.41— total ($10.494.21 p. m.), 8325,320.60. Operating expenses (27.91 per cent.\ $90.814.99.
Net earnings («7,5(>4.70 per mile), $234,505.61. Dividends, November 2, 1885, and April 21, 188G. each 5 per cent.,
$166.000 ; annuity, $1,000 ; taxes, $12,795.61. Balance, surplus, $55,710. Surplus from last year, $289,461. Total
surplus, $345,171.
Operating accounts per mile for seven years :
1880 1881 1882 1883 1884 1885 1886
Gross Earnings $10,14212 $11,40549 $11,43085 $11,17759 $l(i,83(i 91 $10,17121 $10.49421
Gross Expenses 2,19061 5,16249 4,29363 4,00895 5.01978 3,88827 2,92951
Net Earning... . 7,95151 ti,243 00 7,13721 7,16864 5,81713 6,28294 7,56470
Expenses to Earnings 21.59p.c. 45.27p.c. 37.56p.c. 35.86p.c. 4<3.32p.c. 38.22p.c. 27.91p.c.
Full dividends, 10 per cent, per annum, have been paid through the term of years embraced in table. Capi-
tnl stock, $1,650,000 ; annuity capitalized), $20,000 ; and profit and loss, $345,171— total, $2.015,171. Per contra:
Construction, real estate, etc. ($53,225.81 per m.), $1,650,000 : and due by B. & O. RR. Co., $365,171. ROBERT GAR-
KETT, President, and W. H. Ijams, Treasurer, Baltimore, Md.
WASHINGTON CITY AND POINT LOOKOUT RAILROAD.— Hyatteville to Shepherd,
Man-land. 12.50— total track, 21.50 miles. Chartered in 1871 to construct a road from Washington City to Point
Lookout, Md , 80 miles ; portion now in operation opened in 1873, and leased to B. & O. RR. Co. at $36,000 gold.
Capital stock authorized, $2,540,000 ; paid in, $1,000,000 ; and funded debt, 1st mortgage 6 p. c. pinking fund guar.
gold bonds, due June 1, 1913, $540,000— total, $1,540,000. Estimated cost of road to date ($64,000 p. m.), $800,000.
The company has again (1881) determined to continue construction, and for this purpose has authorized $2,000,000
and issued $1,000,000 1st mortgage fi per cent, gold 20-year bonds, due November 1. HXX). S. T. SUIT, President ;
George E. Dimock, Secretary and Treasurer, Washington, D. C.
WASHINGTON AND CHESAPEAKE RAILROAD.— Washington, D. C.,to Chesapeake Beach,
Md., 30 miles. This company was chartered in 1882 ; capital stock authorized, $1,000,000 ; bonds authorized, $1,-
000,000. The company has purchased and paid for 1.000 acres of land at the Bay, "Chesaneake Beach ; " has
si-cured its right of way, purchased its steel rails, 50 Ibs., contracted for its ties, grading, and trestle. S. T. SUIT,
President: John C. New, Treasurer; George M. Robeson, Counsellor; W. J. Wharton, Chief Engineer. Presi-
dent's Office : 402 Sixth Street, N. W., Washington, D. C.
WASHINGTON COUNTY RAILROAD.— Weverton. Md., to Hagerstown, Md., 24.25 miles ; total
track, 28 miles. Chartered May 30, 1853 ; road opened in December, 1867. Leased to Baltimore and Ohio RR. Co.,
for ten years from January 1, 1868. Lease not renewed ; road since January 1, 1878, operated by B. & O. RR. Co.
at cost. Capital stock, representing cost of road, $1,179,208. The Baltimore and Ohio RR. Co. owns 38,464 shares,
representing at par $766,290.
WINCHESTER AND POTOMAC RAILROAD.-Harper's Ferry to Winchester, Va., 32; total
track, 34 miles. Chartered in 1830, and opened in 1836. Leased to B. & O. RR. Co. for 20 years from July 1, 1867,
and operated as a part of the Valley Line ; rental, $27,000. Capital stock. $180,000 ; bonded debt, $147,250 ; float-
ing debt, $90,000— total. $417,250. J. H. SHBRUABD, President '; W. A. McCormick, Treasurer, Winchester, Va.
WINCHESTER AND STRASBURGH RAILROAD.-Winchester to Strasburgh, Va., 19 miles.
Chartered in 1860 and opened in 1870. Leased for 17 years frjm July 1, 1870, to B. & O. RR. Co., and operated as
part of the Valley Line : rental, $5,229, 7 p. c. on capital of $74,700. ROBERT GARRETT, President; W. H. Ijams,
Treasurer, Baltimore, Md.
STRASBURG AND HARRISONBURG RAILROAD.— Strasburg to Harrison burg, Va., 50 miles.
Owned by Va. Midland RR. Co. ; leased to B. & O. RR. Co. ; rental, $89,250 a year.
Board of Directors B. & 0. RK. Co., elected November 15, 1886.
William F. Burns .. .Baltimore, Md.
Jonn K. Cowen Baltimore, Md.
John Gregg Baltimore. Md.
William W. Taylor.. Baltimore, Md.
On part of Stockholders :
Aubrey Pearre Baltijnore, Md.
James Carey Coale. .Baltimore, Md.
G. A. Von Lingeii. . .Baltimore. Md.
Decatur H. Miller.... Baltimore, Md.
Joshua G. Harvey Baltimore, Md.
George W. Dobbin. ..Baltimore, Md.
T. Harrison Garrett. .Baltimore, Md.
On part of State of Maryland :
R.Hynson.Chestert'n,KentCo.,Md. | J. W. Henry, Jr Baltimore, Md. | H. W.Talbott Rockville, Md.
Geo. L. Van Ribber Bel Air, Md.
Henry G. Curtain . . . .Baltimore, Md.
B. H. Farren Baltimore, Md .
On part of City Baltimore :
William Read Baltimore, Md. I J. B. Stafford Baltimore, Md.
Robert Ober Baltimore, Md. I J. McKenney White..Baltimore, Md.
Frank J. Harmison Baltimore, Md.
ROBERT GAHRETT, President Baltimore, Md.
1st Ttce-Premdent— Samuel Spencer Baltimore, Md.
2rf Vice-Preindent— Thomas M. King Baltimore, Md.
3d Vice- President— Orland Smith Cincinnati, O.
General Manager— Baltimore, Md.
Secretary and' Treasurer— W . H. Ijams. .Baltimore, Md.
1st Asst. to President— 3. W. Davis Baltimore, Md.
General Auditor— William T. Thelin Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS .Central Building, Baltimore, Md.
BALTIMORE AND OHIO SYSTEM.— TRANS-OHIO DIVISION.
BALTIMORE AND OHIO AND CHICAGO RAILROADS (CHICAGO DIVISION. BALTIMORE AND
OHIO KB. >. I.nn i»f i;,,<i,!. ( 'hie-ago Junction, Ohio, to Baltimore Junction, III., 262.6 miles. Trackage : Illinois
Central HIl., Baltimore Junction, 111., to Chicago. 111., 8.4 miles— total length, 271 miles. Sidings, etc., 80.10
BUM. Total track (owned), 342.70 miles. Gauge, 4 ft. 8} in. Rail (steel. 2'i2.f> miles), 60. 64 and 67 )bs. Organized
March 13, 1S72, as the Baltimore, Pittsburgh and Chicago Ry. Co.; road opened November, 1874. Built and
owtied by Baltimore and Ohio 11R. Co. In 1877 the present name was adopted.
POORS MANUAL OF RAILROADS.
105
Operation* for year ending June 30, 1886.— Trains rnn (passenger, 821,463 ; freight, 1,204,160), 2,025,623 miles.
Passengers carried, 330,155 ; carried one mile, 20,058,575. Tons freight moved, 1,323.266 : moved one mile, 273,-
458,4ii!). Earnings— passenger, $497,055.01; freight, 81,421,837.81; mail, $54,944 .45- total, $1.973,827.27. Ex-
penses—maintenance of way. $196,582.93 : maintenance of cars, $241,954.75 ; motive power, $442,044.17 ; trans-
portation, $716.055.22: miscellaneous, $147.869.98— total, $1,744,006,30. Net earnings, $229,820.97. Paid interest
on bonds, $464,640. Deficit, $234,819.03. During the year, $274,441.73, advanced by the Baltimore and Ohio UR.
Co., was expended in construction, etc. For year ending September 30, 1880 (lessee's fiscal year). Gross earnings,
$2,09^,567.65. Operating expenses, $1,828,651.32. Net earnings, $269,916.33.
Financial Statement, September 30, 1&S6.— Capital stock (par, $50), $1,503,450 ; funded debt, sterling, 6 per
cent, coupon bonds, Interest June, and December, due June 1, 1927 (£1,600,000), $7,744.000 ; floating debt, $5,138,-
492.93— total, representing cost of road and equipment, $14,385,942.43. The B. and O. RR. Co. holds 30,069 shares
(being the total issue) of this company's stock. The bonds are secured by a first mortgage on the entire line (262.6
miles), and also by 27,000 shares (par. $50) of stock of the Baltimore, Ohio and Chicago RR. Co. of Ohio and In-
diana, and 1,900 shares (par, $50) of the stock of the B. & O. & C. RR. Co. of Illinois. The bonds issued under
this mortgage, together with 28,900 shares of stock, were placed in the hands of trustees, as security f<>r an issue
by the B. <fc O. RR. Co. of the same amount of 5 per cent, bonds, amounting to $7,744.000. In addition to these
sums, the B. & O. RR. Co. has advanced to this company $5,022,645.32. Trustees of bonds, Egisto P Fabbri.
Robert Garrett and William F. Burns. During the past year the floating debt of the company was increased
by $390,289.34; and there was expended for construction, etc., $274,441.73. Interest payable at Lomon. An-
nual meetings, Wednesday and Thursday following third Tuesday in April.
Directors, Ohio and Indiana Corporation (elected April 21, 1886).— John K. Cowen, Baltimore, Md.: Goo. R.
Dennis, Frederick, Md.; A. P. Edgerton, Fort Wayne, Ind.: Orland Smith, Cincinnati, O.; Washington Cowen,
John Reed, Mansfield, O.: Howard Carl ton, Columbus, O.; Henry Newbegin, Defiance, O.: F. H. Britton, Garrett,
Ind.; Illinois Corporation (elected April 22, 1886): James Walsh, Isaac G. Lombard, M. T. Ames, John Tyrrell,
Can-oil Sprigg, Clinton C. Clark, Chicago, 111.; John K. Cowen, Baltimore, Md.: Geo. K. Dennis, Frederick, Md.;
Orland Smith, Cincinnati, O. ORLAND SMITH, President, Cincinnati, Ohio ; J. Hope Sutor, Secretary and Treas.,
Newark, O.; William T. Thelin, Auditor, Baltimore, Md. PRINCIPAL OFFICES, Garrett, Ind., and Chicago, 111.
Transfer Office, Newark, O.
CENTRAL. OHIO RAILROAD (CENTRAL OHIO DIVISION BALTIMORE AND OHIO RR.— Line of Poad,
Bel'.aire, Ohio, to Columbus, Ohio, 137.29 miles. Total track, 190.19 miles. Gauge, 4 ft. 8J in. Rail (steel, 137.29
miles), 60 and 67 Ibs. Chartered February 8, 1847 ; road opened in 1854. In 1859 it was placed in the hands of a
receiver, and November 1, 1865, a new company was organized, to which the property was conveyed January 29,
1866. An agreement was made November 21. 1866, with the Baltimore and Ohio RR. Co., by which the road was
to be operated for 20 years, the B. & O. RR. Co. to retain 65 per cent, of the gross earnings for the first five years,
and 60 per cent, thereafter ; and out of the remainder to pay annually $166.000 to the C. O. RR. Co., for the interest
on its funded debt. The lease was modified February 13, 1869, so that the B. & O. RR. Co. was to retain 65 per
cent, throughout the entire term of 20 years. The lease was extended February 23, 1880, until December 1, 1926.
While in the hands of the receiver, a sale of half the line, from Newark to Columbus, 33 miles, was made, March
14, 1864, to the Steubenville and Indiana (now P., C. & St. L.) RR. Co., for $775,000, and that section is now
owned jointly by the two companies.
Operations for year ending June 30, 1886.— Trains run (passenger, 464,565 ; freight, 775,881), 1,240,446 miles.
Passengers carried, 388,408 ; carried one mile, 14,796,198. Tons freight moved, 1,567.881 ; moved one mile, 156,-
iar>,387. Earnings— passenger, $314,790.84 ; freight, $821,585.09 : mail, $27,515.11— total ($8,477.32 per mile), $1,-
163,851.64. Expenses— maintenance of way, $165,527.08 ; maintenance of cars, $31.892.97 : motive power, $216,-
000.52; transportation, $350,469.69 ; miscellaneous, $53,524.13— total ($5,954.65 per mile), $817,514.39. Net earnings
(29.76 per cent.), $346,337.25. Payments: Interest on bonds, $150,000 ; dividends, $171.550.50; sinking fund,
$16,000— total, $337,550.50. Surplus, $8,786.75. For year endinir September 30, 1886 (lessee's fiscal year).— Gross
earnings, $1,270,475.99 ; operating expenses, $791.952.86 ; net earning", $478,523.13.
financial Statement, September 30, 1886.— Capital stock, $2,859,300 ; funded debt, 1st mortgage 6 per cent,
bonds, due September, 1890, $2,500,000. Contra : Cost of road, etc., $5,500,000.
Director*. — Jas. H. Collins, Columbus, O.; Walter Brooks, Joseph W. Jenkins, Joshua G. Harvey, A. B.
Crane, Robert Garrett, Osman Latrobe, Baltimore, Md.; Isaac W. Hall, Quaker City, p. : David Applegate, Zanes-
ville, O.; C. H. Kibber, Thomas Fitzgerald, Norwalk, O.; Orland Smith, Cincinnati, O. Ore vacancy. JAMES
H. COLLINS, President, Coiumhus, O.; David Applegarth, Treasurer, Zanesville, O.; W. H. Ijams, Secretary,
Baltimore, Md. CORPORATE OFFICE AND ADDRESS, Columbus, O.
'NEWARK, SOMERSET AND STRAITSVILLE RAILROAD (STRAITSVILLE DIVISION,
BALTIMORE AND OHIO RR.).— Main Line, Newark, O., to Shawnee, O., 44.00 miles ; branch, Shawnee to Jobs
mines, 2.S5 miles— total, 46.SJ miles. Sidings, etc., 11.85 miles. Gauge, 4 ft. 8} in. Rail (steel. 22.44 miles), 60
and 64 Ibs. Organized April 3, 1867, and in 1869 bought that portion of the road bed, etc., of the Sciotoand
Hocking Valley RR. lying between Newark and the Muskingum Valley Ry. Road completed and opened Janu-
ary 1, 1872. Leased for 14 years and eight months from April 1, 1872, to the Sandusky, Mansfield and Newark
RR. Co. Operated by the B. & O. RR. Co.; rental 30 per cent, of gross earnings.
Operations for year 'ending June 30, 1886.— Trains run (passenger, 54.137 ; freight, 144,295), 198,432 miles.
Passengers carried, 44,807 ; carried one mile, 732,277. Tons freight moved, 556,896 ; moved one mile, 23,304,277.
Earnings. — Passenger $18,544 90
Freight 188,804 05
Mail 2,317 01
Total ($4,760.81 per mile) $209,675 98
Expenses.— Maintenance of Way $38,297 15
Rolling Stock.. 49,18151
Transportation, etc 80,400 13
Total ($3,815.42 per mile) $167,878 79
Net earnings (18.46 per cent.), $41,797.17. During the year ending September 30, 1886 (lessee's fiscal year):
Gross earnings, $214,291.14 ; operating expenses, $179,082.98 ; net earnings, $35,208.16.
financial Statement, June 30, 1886.— Capital stock, par, $50 (common, $795,600; preferred, $230.900), $1,026,-
500 ; funded debt, first mortgage 7 per cent. 20-year bonds, due November 1, 1891, interest May and November.
$800.000 ; unfunded debt, $415,676.41— total, $2,242,176.41. Cost of road and equipment, $2,242,176.14. Annual
meeting, fourth Wednesday in January.
Directors (elected January 26, 1887). — Robt.' Garrett. Sam. Spencer, Osmnn Lat/obe, Baltimore. Md.: Orland
Smith, Cincinnati, O.: R. T. Devries, T. J. Frazier, W. T. Manning, A. W. Dennis, Newark, O.: James H. Col-
lins, Columbus, O.; W. Cowen, John Reed, Mansfield, O. ORLAND SMITH, President, Cincinnati, O.; J. Hope
Sutor, -Secretary and Treasurer, Newark, O. CORPORATE OFFICE AND ADDRESS, Zanesville, O.
SANDTJSKY, MANSFIELD AND NEWARK RAILROAD (LAKE ERIE DIVISION, BALTIMORE
Columbus and Lake Erie RR. Co. chartered March 12, 1845, and Huron and Oxford RR. Co., chartered February
27, 1846. Whole line completed in 1856. Leased February 13, 1869, to Central Ohio RR. Co., for 17 years and 5
months from July 1, 1869, at an annual rental of $174,350, and 15 per cent, on a portion of the traffic, the B. & O.
106 POOR'S MANUAL OF RAILROADS.
RR Co guaranteeing rental. On February 23, 1880, the lease was extended to December 1, 1926, the rental to be
§194,350 annually until 18S4 : $190,350 yearly for 18S4 and 1885 ; and $201,850 per annum thereafter.
, $111, -------- . _ . „ .
portation, *300,9(X).8S: miscellaneous, $44,332.13— total, $678,803.41. Net earnings, $282.456.62. For year ending
September 30. 18S6 (lessee's fiscal year).— Gross earning*, $1,013,013.75 ; operatii-g expenses, $703,302.59 ; net
m financial Statement, June 30, 1886.— Capital stock (par, $50), $1,069,000; funded debt, 1st mortgage 7 per
cent 40-year bonds dne July, 1909 (authorized, $2,325.000 , $2,300,000: unpaid interest, $80,430; unpaid dividends,
$14 820 : B & O. RR. Co., $365,014.27 ; profit and loss, $56,827.59— total, 83,8.^6.157.86. Contra: Cost of road
and equipment «3 3i;9 000 : constraciion account, $365,024.27; funds in New York, Sandnsky and Baltimore,
§114,217.16 ; expenses, $2,454.43 ; dividend account, $35,462.
Directors —A. H Mo8«, A. C. Moss, J. O. Moss, E. B. Sadler, Sandusky, O.; J. Gardiner, E. G. Gardiner,
Xorwalk, O ; H. B. ciister, Mount Vernon, O.; Robert Garrett, Samut-1 Spencer, Baltimore, Md. JOHN GARDI-
NKH, Presldfnt, Norwalk, O.; Jay O. Moss, Secretary and Treasurer, Sandusky, O. COKPOKATE OFFICE AND
ADDRESS, Satidusky, O.
BALTIMORE AND OHIO SYSTEM— PHILADELPHIA DIVISION.
BALTIMORE AND PHILADELPHIA RAILROAD.— Delaware-Maryland State Line to Junction
Western RR. Co., which built the road from Wilmington to Landenberg, and which was sold out February 25,
1877). and the Baltimore and Philadelphia Ry. Co., organized January 31, 18S3, to build a road in the interest of
the Baltimore and Ohio RR. C<>. (to statement for which reference should lie made) from Baltimore. Md., to
Philadelphia, Pa. This road forms a part of the Baltimore and Ohio Co.'s Philadelphia Division, which was
opened through September 19, 1886. Polling Stock.— Locomotive engines, 4. Cars— passenger, 4 ; baggage, mail,
etc 2 • freight (8-wheel), 29— total, 35. Operations for year ending September 30, 1836.— Earnings (passen-
ger, $21,978^57 ; freight, 849.186.61 ; mail, $1,404.89), $72,570.07 ; expenses and taxes (83.6 per cent,). £60.701.80.
Net earnings, $11,868.27. The earnings of the entire Philadelphia Division during the year were $114,767.30 ;
expenses, $99,521.02 ; net earnings, $15,246.28. Capital stock, $5,000,000 ; funded debt, 1st mortgage 4$ per cent.
50-year bonds, dne 1933. interest April and October, £1,000,000. (See p. 101).
Directors (elected December 14, 1886).— William Canby, William M. Canby. Victor Dn Pont, Wilmington, Del. ;
H. S. Bnrgesser, Thomas M. King, James B. Washington, J. V. Patton, Pittsburgh, Pa.; Samuel Spencer, Bal-
timore, Mil.: Theodore Frothingham, Philadelphia, Pa. JAMES B. WASHINGTON, President. Allegheny City, Pa.;
Samuel Spencer, Vice- President, Baltimore, Mel.; W. H. Ijams, Treasurer. Baltimore, Md.; J. C. Farra, Secre-
tary, Wilmington, Del.; W. T. Thelin, Auditor, Baltimore, Md. ; T. M. King, Manaqinfi Director, Pittsburgh,
Pa. CORPORATE OFFICES, Philadelphia, Pa., and Wilmington, Del.; Transfer Office, Baltimore, Md.
SCHUYLKILL RIVER EAST SIDE RAILROAD.— Junction Chester Branch of Philadelphia and
Reading RR. to Junction Philadelphia and Reading RR., 3.86 miles. Sidings, 4.20 miles. Authority to build this
road through the city of Philadelphia was granted by the City Councils June 29, 1885. Work was begun shortly
thereafter, and the road completed December 2, 1886. The connection with the Reading was completed Decem-
ber 7, 1886, and the first through train was run to New York by means of the tracks of the Reading and Jersey
Central Cos. on December 15, 1886. The road is mortgaged for $4.500,000, secured by an issue of 5 per cent. 40-year
gold bonds, dated 1885, due Dec. 1, 1925, guaranteed by the Baltimore and Ohio RR. Co. THOMAS M. KING,
I'ri xiii fiit, Pittsburgh, Pa.; W. H. Ijams, Treasurer ; W. T. Thelin, Auditor, Baltimore, Md. CORPORATE OF-
FICE, 257 South Fourth St., Philadelphia, Pa.
BALTIMORE AND OHIO RAILROAD.— AUXILIARY LINES.
PITTSBURGH DIVISION, BRANCHES AND CONNECTING LINES.
PITTSBURGH AND CONNELLSVILLE RAILROAD.
Main Line of Road. — Pittsburgh, Pa., to Mt. Savage Junction, Md 146.50 miles.
Priitton Branch : Port Perry to Brinton, Pa O.'JO mile.
Hickman Run Branch : Hickman to Cora Mines, Pa 2.80 miles\
Leased • * M°unt Pleasant and Broad Ford RR.: Broad Ford to Standard 9.70 miles.
' I Fayette County RR.: Counellsville to Uniontown 12.90 miles.
Total length of lines operated 172.80 miles.
3d track, 58.90 ; sidings, 39 miles. Gauge, 4 ft. 8i in. Rail (steel, 205.38 m.), 60 to 67 Ibs.
History. — Chartered April 2, 1837, to construct a railroad from Pittsburgh to Connells-
ville. Charter amended April 18, 1853, under which the road was extended to Cumberland.
The charter in Maryland was granted in January, 1853. Road completed into Pittsburgh in
1860 ; in April, 1870, whole line brought into operation. Leased for 50 years, Dec. 13, 1875,
to the Baltimore and Ohio RR. Co., which has since purchased the interest of City of Balti-
more in this line.
Kollinir Stock. — Locomotive engines, 50. Cars — passenger, 43; bnggage, etc., 3;
freight, 2,143— total, 2,189. Other equipment is furnished T>y B. & O. RR. Co.
Operations for year ending September 30, 1886.— Trains run— passenger, 701,687,
freight, 1,248,578; mixed, 956,868— total, 2,907,133 miles. Passengers carried, 1,784,115;
carried one mile, 20,037,342. Tons freight_moved, 4,593,161 ; moved one mile, 33,439,229.
POORS MANUAL OP RAILROADS.
107
Earnings.— Passenger $489,91905
Freight 1,839,065 80
Mail 33,80705
Express 77,293 79
Expenses.— Maintenance of Way $349,936 94
Motive Power and Cars 588,446 56
Transportation 608,065 84
Miscellaneous 91,21487
Total ($14,136.02 per mile) $2,430,085 19 Total ($9,235.98 per mile) §1,587,664 21
Net earnings (34.67 per cent.), $842,420.98. Paid interest, $1,139,966.50. Deficit, $297,-
545.52; deficit from last year, $4,108,107.19— total deficit, $4,405,652.71.
Financial Statement, September 30, 1886.— Capital stock (par, $50), $1,956,091.05 ;
funded debt, $20,718,(iOO ; B. & 0. RR. general account, $952,888.59— total, $23,627,579.64.
Construction, $14,262,910.92 ; equipments, $1,704,338.36 ; sinking fund, $259,957.78 ; stocks
and bonds. $2,81 '3,239.63 ; trustee's stock subscription fund, $435.71 ; balance of open ac-
counts, $191,044.53 ; profit and W, $4,405,652.71— total, $2:5,627,579.04.
Funded debt consists of the following issues :
1st mortgage 7 per cent. 30-year bonds, due July, 1808, interest January and July (authorized, $4,000.000). $4,000,000
Consolidated mtg. 6 p. c. 50-year b'ds, due Jan. 1, 1926, interest, Jan. and July (authorized, $11,000,000).. 6,292.000
Construction (Turtle Creek Div.) 6 p. c. 30 year b'ds, clue Aug. 1, lb'8'J, int. Feb. & Aug. (aurh., $400,000). 326,000
Real estate 6 per cent, bonds, due 1883 100,000
2d consolidated mortgage 5 per cent, bonds, due February, 1925, interest February and August 10,000,000
Statement of earnings and expenses for eight years ending September 30, 1886 :
1879
1880
1881
1882
1883
1884
1885
1886
Gross Earnings
Operating Expenses
$
1,598,114
865,832
$
2,238,482
1,226,055
$
2,500,549
1,376 075
$
2,979,789
1 437 604
$
2,813,172
1,334,897
$
2,294,827
1 252 01)5
$
1.990,960
1 220 541
S
2,430,085
1 587,664
Net Earnings
Gross Earnings per Mile. . .
Working Expenses per Mile
732,282
9,196 54
4,988 36
1,011,827
12.8fi4 84
7,049 74
1,124,474
14,597 48
8,033 13
1,542,125
17,395 15
8,302 66
1.478.275
16,421 91
7,792 63
1,042,132
13.349 78
7,287 40
773.419
11,634 44
7,135 20
842,421
14,136 62
9,235 98
Net Earnings per Mile.
Expenses to Earnings
4.208 18
54. 17 p.c.
5,815 10
54. 79 p. c.
6,564 35
55. 03 p. c.
9,002 49
48.24 p. c.
8.659 28
47. 45 p.c.
6,062 38
54. 58 p.c.
4.499 24
61. 33 p. C.
4,900 64
65.33 p. C.
Interest on tbe 1st mortgage and real estate bonds payable at Baltimore, on consolidated
mortgage bonds at London, and on construction bonds at Pittsburgh. Annual meeting, first
Monday in December ; books close about one week prior thereto. Voting power attaches to
stock after sixty days' ownership.
To provide the means for paying off the advances of the Baltimore and Ohio RR. Co. to this company, and
also to reimburse the company for the purchase of 970 shares stock Berlin RR. Co., 1,834 shares common, 222 shares
preferred stock, and $102,000 first mortgage bonds Salisbury RR. Co., 19.970 shares stock, $48,000 first mortgage,
and $76,000 traffic bonds of Somerset and Cambria RR. Co., 2,958 shares stock Mt. Pleasant and Broad Ford RR.
Co., $500,000 first mortgage bonds northern division Ohio and Baltimore Short Line Ry. Co., $500,000 first mort-
gage bonds eastern division Ohio und Baltimore Short Line Ry. Co., $500,000 second mortgage bonds of Somerset
and Cambria RR. Co., and $75,000 first mortgage 6s. of Cincinnati. Washington and Baltimore RR. Co. (these
latter being given in lieu of $27,000 Somerset and Cambria first mortgages, and $48,000 Salisbury first mortgages,
and to be returnable to B. & O. RR. Co. whenever latter shall replace with said bonds) — to provide the means for
these purposes as well as for double tracking the road and other improvements, the Pittsburgh and Connellsville
RR. Co. made an issue of 40-year second consolidated mortgage gold bonds to the amount of $10,000,0(10, inter-
est 5 per cent, per annum, payable February and August. They are secured by a mortgage, dated January 31,
1885, Union Trust company of New York Trustee, covering all the property of the Pittsburgh and Connellsville
RR., the stock and bonds mentioned above, and the terminal property at Pittsburgh which was purchased by the
Baltimore and Ohio RR. Co. for the use of the Pittsburgh division. Under the provisions of a resolution adopted
January 31, 1885, by the directors of the Baltimore and Ohio RR. Co.. that company issued $10,000.000 gold mort-
gage 40-year 5 per cent, bonds, interest February and August, which are secured by a pledge of the Pittsburgh and
Conuellsville bonds, as above. (See MANUAL for 1886, page 316).
BAILKOADS LEASED TO PITTSBURGH AND CONNEUSVTLI,E RR. Co.
FAYETTE COTTNTV RAILROAD.— Uniontown. Pa., to Connellsville, Pa.. 12.90 miles. Sidings, 3.8
miles. Gauge, 4 ft. 8J in. Rail, 43 to 56 Ibs. Leased and Pittsburgh to Connellsville RR. Co. for 99 years from
November 1, 1864 ; rentals, $9.000 a year. Dividends, January, April, July and October, 2 per cent, each, $8,592.
Capital stock (par, $50), $125,395. Cost of road, etc., $130,000. WILLIAM BEKSON, President ; Jasper M. Thomp-
son, Secretary and Treasurer, Uniontown, Pa.
MOUNT PLEASANT AND BROAD FORD RAILROAD.— Mount Pleasant to Broad Ford, Pa.
9.7 ; total track, 12.00 miles. Leased to and operated by the Pittsburgh and Connellsville RR. Co. Ircome, 1885-86,
$25,511.06; expenses, $615.09 ; net income, $24,895.97. Capital stock, $150,500 ; profit and loss, $518.017.39— total,
$668,517.39. Cost of road, $201,669.69 ; other assets. $466,847.70. J. B. WASHINGTON, President, Pittsburgh, Pa.;
Welty McCullogh, Secretary and Treasurer, Greensburg, Pa.
Board of Directors P. & C. RR. Co., elected December 6", 1886.
Robert Garrett Baltimore, Md.
Mendes Cohen Baltimore, Md.
Charles Webb Baltimore, Md.
Findley U. Burns. . . .Baltimore, Md.
Johns McClenve Pittsburgh, Pa.
William Metcalf Pittsburgh, Pa.
John W. Chalfant. . . Allegheny, Pa.
William H. Koontz .... Somerset, Pa.
John D. Scully Pittsburgh. Pa.
Charles L. Fitzhugh. Pittsburgh, Pa.
George A. Berry Pittsburgh, Pa.
Thomas M. King. . . .Pittsburgh, Pa.
ROBERT GARRETT, President Baltimore, Md.
J. B. Washington, Secretary, Treasurer and Auditor Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
108 POOL'S MANUAL OF RAILROADS.
BALTIMORE AND OHIO SYSTEM.— LINES OPERATED IN CONNECTION WITH THE
PITTSBURGH DIVISION.
BERLIN RAILROAD.— Berlin Station, Pa., to Garrett, Pa., 8.07 miles. Sidings, 0.7 mile. Gauge. 4 ft
8%. in. toil, 50 and (H) Ibs. Opened in January, 1876, as Buffalo Valley RR.; reorganized in July, 1879. It is
owned by the Baltimore and Ohio RR. Co., and is operated in connection with the Pittsburgh Division.
Operations for year ending September 30. 1886.— Trains run, 34,336 miles. Passengers carried. 7,312 ; carried
one mile, 54,<I62. Tons of freight moved, 23,773 ; one mile, 148,771. Earnings (passenger, $1,501.31 ; freight, $3,-
915.25 ; other. $360.33), $5.776.89. Operating expenses, $15.441.28. Deficit, #9,664.39.
Financial Statement, September 36, 1886.— Capital stock (par, $50), $50,000 ; due other corporations, §22,550,63
—total, $72.550.03. Contra : Cost of road, $50,000 ; profit and loss, $22.550.63.
Directors.— Welty McCnllogh, Greensburg, Pa.; Robert Garrett, Joshua G. Harvey, Baltimore, Md.: W. H.
Koontz, Somerset, Pa.; S. A. Philson, S. Philson, Berlin, Pa. J. B. WASHINGTON, President, Pittsburgh, Pa.;
William II. Ijams, Treasurer, Baltimore, Md.; F. R, Pinkerton, Secretary, Pittsburgh, Pa. COHPOBATK OFFICE
AND ADDRESS, Pittsburgh, Pa.
PITTSBURGH JUNCTION RAILROAD.-Laughlin Station (B. & O. RR.), Pa., to Pittsburgh and
Western Connection, 4.4? miles ; River Division, 1.37 miles— total, 5.84 miles : 2d track, 3.15 miles ; sidings, 1.66
miles. Gauge, 4 ft. 8 & in. Rail (steel), 60 and 67 Ibs. Consolidation, December 21, 1881, of the Pittsburgh Local
RR. Co. and the Pittsburgh Junction RR. Co., the former incorporated under the free railroad law of Pennsyl-
vania in September, 1880, and the latter under the same law. August 6, 1881. Road opened as above September 1,
1884. Controlled by the Baltimore and Ohio RR. Co.
On April 27. 1882*. the Baltimore and Ohio RR. Co. (as lessee of the Pittsburgh and Connellsville RR.), the
Pittsburgh and Western RR. Co., and the Pittsburgh Junction RR. Co. entered into an agreement whereby the
two former agreed to pay to the latter jointly on through freight cars and individually on others, $2 for each loaded
freight car delivered to or received from said Pittsburgh Junction RR., with the following provisions : (1). that
when the gross earnings of said Pittsburgh Junction RR. shall equal $270,000 in any one year, such charge shall be
reduced to $1.50 per car and to $1 in the event of gross earnings i-qualling $300,000 ; (2), that if the gross earnings
should fall below $240,000 in any one year, the charge on cars delivered to or received from said B. & O. and P.
& W. Companies, individually, shall be increased so as to meet the deficit, the increased charge per car to he so
arranged that both parties shall contribute equal amounts to the gross earnings until they reach $240,000 : but in
the event of this second provision going into effect, then the extra charge over $2 per car contributed by the B. & O.
and the P. & W. shall be in the nature of an advance, for which, with interest, the Pittsburgh Junction RR. Co.
shall be liable.
Used as a connecting link between the B. & O. and Pittsburgh and Western RRs. Company owns 1 locomo-
tive and 2 hand cars. Earnings for year ending December 31, 1886: Passenger, $34.92; freight, $173.242.27;
other, $2.722.81— total, $176,000. Expenses: Transportation, $11.937.66; maintenance way, $6.375.97 ; motive
power, $4,977.30 ; taxes, $8,788.60 ; general, $3,830.60— total. $35,910.13. Net earnings, $140,089.87.
Financial Statement, December 31, 1886.— Capital stock, par, $50— common, $960,000; preferred, $480,000 ;
funded debt, 1st mortgage 6 per cent. 40-year $1,000 coupon bonds, wiih privilege of registration, due July 1, 19£2.
interest January and July, $1,440,000 ; current accounts, $11,875.80 ; coupons due January 1, 1887, $44.400 ;
bills payable, $70,769.92; unpaid dividends, $33,600 ; profit and loss, $153,499 86— total, $3,194,145.58. Contra:
Cost of road, $2,925.457.66 ; equipment. $2,716.59 ; real estate, $183,024.45 ^dividends on stock, $33,600 ; foreign
roads, $7,210.04 ; current accounts, $19,755.43; cash, $22.381. 41— total, $3,194,145.58. Preferred stock is guaran-
teed 7 per cent, after payment of coupons. Annual meeting, third Monday in January. Books close thirty days
previous. Interest payable at Third National Bank. New York, and Tradesmen's National Bank, Pittsburgh.
Trustee of bonds, Mercantile Trust Co., New York, The secretary is registrar of stock.
Directors (elected January 17, 1887).— Thomas M. King, J. W. Chalfant. C. B. Herron, James Gallery, Alle-
gheny City, Pa.: Jacob Painter, Jr., Reuben Miller, William Metcalf, Henry W. Oliver, Jr., William Vankirk, A.
J5. W. Painter, C. L. Fitzhugh, Pittsburgh, Pa.; Robert Garrett, Samuel Spencer, Baltimore, Md. THOMAS M.
KING, President, Allegheny, Pa.; William Vankirk, Vice- President, Pittsburgh, Pa.; W. H. Ijams, Treasurer,
Baltimore. Md.; C. H. H. German, Secretary, Allegheny, Pa.; J. Morton Hall, Superintendent, Allegheny, Pa.
CORPOKATE OFFICE AND ADDRESS, Allegheny, Pa.
SALISBURY RAILROAD.— Salisbury Junction, Pa., to West Salisbury, Pa., 8.7 miles. Branches :
Grassy Run, 1.25 ; West Salisbury, 0.75 ; Tub Mill Bun, 0.50— total, 2.50 miles ; total track, 13.90 miles. Gauge,
4ft.8j-in. Rail, 50 Ibs. Organized May 31, 1875; road completed in 1878. Locomotive engine. 1 . combination car,
1. Operations for ycnr ending September 30, 1886.— Trains run (pas>-enger and freight), 35,749 miles. Passengers
carried, 5,509 ; carried one mile, 40,148. Tons freight moved, 235.670; moved one mile. 1,901.247. Earnings-
passenger, $1,086.46 ; freight, $30,495.70; express, $60.27— total, $31,642.43. Expenses— transportation. $6,569.03;
motive power, $4,822.86 ; cars, $380.66; maintenance way, $5,553.13; general, $2,831.75— total. $20,197.43. Net
earning-, $ 11,445. Paid interest. $10,500. Surplus, «945 ; deficit from last year, $24,143.96 ; net deficit.- $23, 198.96.
Financial Statement, September 30, 1886.— Capital stock (par, $50)- common, $104,250 ; preferred, $13.550 ;
scrip, $229.50 ; funded debt, 1st mortgage, 7 per cent, bonds, due 1898, intent January and July, $160,000 ; due
other companies, $4,652.10— total, $272,681.60. Contra : Cost of road, etc., $249,482.64 : profit and loss. $23,198.96.
fHrfctorg.—ll. S. Burgesser, J. B. Caven, John B. Jackson, Johns McCleave, J. V. Patton, Pittsburgh, Pa.;
Samuel^ Spencer, Robert Garrett, Francis Burns, Baltimore, Md. THOMAS M. KING, President, Pittsburgh, Pa.;
J. B. Washington, Secretary and Treasurer, Pittsburgh, Pa. CORPORATE OFFICE AND ADDRESS, Pittsburgh, Pa.
SHARPSVILLE RAILROAD.— Sharpsville, Pa., to Wilmington Junction, 17.00 ; brunches to Coal
Banks, 3.06— total, 20.06 miles. Sidings, 2 miles. Gauge, 4 ft, 8} in. Rail, 56 Ibs. Opened in 1877. Operated as
a coal road. Toward the close of 1884, the Baltimore and Ohio RR. Co. purchased a controlling interest in this
company.
Jlollinrj Stock.— Locomotive engines, 3. Cars— passenger, 1 ; coal, etc., 12.
Operation* for year ending September 30, 1886.— Trains run, 24,152 miles. Passengers carried one mile,
78.775. Ions freight moved, 166.047; moved one mile, 2,295,284. Earnings— passenger, $3.004.56; freight,
|86,088.15; other, $76.76- -total, $3<U64.46. Expenses— maintenance way, $7.339.61; motive power and cars,
$6,508.67 ; transportation and general, $10,977.49— total, $24.825.77. Net earnings, $13,338.69. Payments : In-
terest, $3.600: other charges, $1,265.7:5— toal, $4,865.73. Surplus, $8,472.1*6.
Ftnanctol xtntement, September 30, 1-W5.— Capital stock (par. $50), $350.000 ; funded debt, 1st mortgage 6
per cent, bonds, due October 14, 1886, $60,000 ; unfunded debt, $21,513.38 ; profit and loss, $6,332.71— total, $437,-
|MM)9. Contra: Cost of road and equipment, $433,197.77; real esiate, $4,110.42; other assets, $537.90— total,
WHEELING, PITTSBURGH AND BALTIMORE RAILROAD.-Washington. Pa., to Wheel-
Ing, W. Va., 32.20— total track, 38.28 inika. Gauge, 4 ft. £J in. Rail (steel, 30.20 miles), 60 to 67 Ibs. Chartered
POOR'S MANUAL OF EAILBOADS. 109
as the Hempfleld RR. Co., May 15, 1&50 ; road opened October, 1857. Sold under foreclosure May 1, 1870 and
purchased by the B. & O. RR. Co., which reorganized the company under the present title. Operated by the 13.
<fe O. RR. Co.
ed,
one
Oil \Jt -LkXb. W*
Operations for year ending September 30, 1886.— Trains run— passenger, 122,852; freight, 293,1C9 ; mixe
68,871— total, 479,85(2 miles. Passengers carried_one mile, 1,801,28:1 Tons freight moved, 801,449 ; moved 01
Financial Statement, September 30, 1886.— Capital stock (par, $50), $500,000 ; due other roads. $628,702 82 ;
profit and loss, $100.791.01— total, $1,229.498.88. Cost of road, $1,229.45)8.83.
Directors.— S. Spencer, Baltimore, Md.; Johns McCleave, II. S. Burgesser, Pittsburgh, Pa.: Wm. Workman
W. W. Smith, W. C. King, Washington, Pn. J. B. WASHINGTON, Prerident, Pittsburgh, Pa.; W. II. Ijams,
Treasurer, Baltimore, Md.; F. R. Pmkerton, Secretary, Pittsburgh, Pa. CORPORATE OFFICE AND ADDRESS,
Pittsburgh, Pa.
BALTIMORE AND OHIO SHORT LINE RAILROAD.-Glen wood. Pa., to Washington, Pa.,
.34.30 miles. Sidings, 4.65 miles. Gauge, 4 ft. 81 in. Rail (steel, 34.80 miles), 67 and 72 Ibs. This comp my is
'successor to the Pittsburgh Southern RR. Co., a corporation chartered July 3, 1876, and whose road runs from
Pittsburgh to Washington, Pa., 36.2 miles. In 1883 the road came under the control of the Baltimore and Ohio
RR. Co., and in that year a branch line from Glenwood to Finleyville, 15.66 miles, was built. On November 20,
1884, the road was sold under foreclosure and purchased by the Baltimore and Ohio RR. Co. for $50,000. Subse-
Capital stock ($50 par), $3
try, 1925, interest Februar
February, 1925, interest February atid August, $500,000— total, $3,500,000. Cost of road, $3,542,121.43.
Director*.— Francis Burns, Baltimore, Md.; S. K. Harris, F. R. Pinkerton, J. B. Washington, II. S. Burgesser,
Johns McCleave, Pittsburgh, Pa. THOMAS M. KING, President, Pittsburgh, Pa.; W. H. Ijams, Treasurer,
Baltimore, Md.; J. B. Washington, Secretary, Pittsburgh, Pa.
SOMERSET AND CAMBRIA RAILROAD.— Rockwood, Pa., to Johnstown, Pa., 45.10— total track,
50.60 miles, Gauge, 4 ft. 8£ in. Rail (steel, 40.39 miles), 60 and 72 Ibs. Opened in 1871 as Somerset and Mineral
Point RR. Sold under foreclosure December 1, 1874, reorganized under same name, February 8, 1875. Again sold
Januarys, 1879, and reorganized under present title, August 16, 1879. Entire line opened November 3, 1881. Operated
by the B. & O. RR. Co., in connection with its Pittsburgh Division. Optrattont for year ending September 30,
1886.— Trains run (passenger, 77,684 ; freight, 95.809 ; mixed, 3,640), 176,633 miles. Passengers carried, 87,468 ;
carried one mile, 1,283,471. Tons freight moved, 313,9ti5; moved one mile, 12,896,747. Earnings — passenger,
831,737.30; freight and express,|$103,788. 18; mail, $2,041.56— total,;$137,567.04. Expenses— maintenance of way,
830,722.89; maintenance of cars, $24,722.32; motive power, $24,665.47; transportation, $35,403.50; miscellaneous,
|3,420.30— total, $118,934.48. Net earnings, $18,632.50. Capital stock (par, $50), $1,000,000; funded debt, 1st mort-
'age, 6 per cent, bonds, due January 1. 1899, interest January and July, $75,000; traffic 5 per cent, bonds, due
July 1, 1900 (principal and interest payable in freight), $400,000 ; 2d mortgage 5 per cent, bonds, due February 1,
1920, interest February and August, $500,000 ; profit and loss, $144.759.78— total liabilities, $2,119.759.78. Contra:
Cost of road, $1,317,194.82; current accounts, $802,504.96. Annual meeting first Monday in May. J.B.WASH-
INGTON, President, Pittsburgh, Pa.; W. H. Ijams, Treasurer, Baltimore, Md.; F. R. Pinkerton, Secretary, Pitts-
burgh, Pa.
OHIO AND BALTIMORE SHORT LINE HAI'LWA.'Y. -Eastern Diricion, O. & B. S. L. Junc-
tion to Morrell and Trotters, Pa., 6.95 miles ; Western Division, Zediker to Washington, Pa., 3.95 miles -total,
10.90 miles. Sidii'gs, 2.25 miles. Rail (steel, 10.90 miles), CO to 67 Ibs. Gauge, 4 ft. 8£ in. Chartered to build a
road from Ohio and Baltimore Short Line Junction to Washington, Pa., 46 miles. Road opened as above in 1886.
Operated in connection with the Pittsburgh Division of the Baltimore and Ohio system. Operations for year
ending September 30, 1886.— Trains run— passenger, 15,274 ; freight. 37,789 ; mixed, 47.051— total, 100,114 miles.
Earnings— passenger, $6,403.73; freight, $24,675.71 ; other, $288.23— total, $31,367.67. Expenses— transportation,
18,799.14; motive power, $9,359.81; maintenance of cars, $3,428.21; maintenance of way, $10,407.69; other,
$197.29— total, $31,952.14. Deficit, $584.47. Financial Statement, September 30, 1886. -Capital stock ($50 par),
$290,000 ; funded debt, first mortgage Eastern Division 5 per cent. 40-year bonds, due February 1, 1925, interest
' er companies, $725,092.39— total, $1,515,092.39. Contra: ~
February and August, $500,000; due other companies, $725,092.39— total, $1,515,092.39. Contra; Cost of road,
$1,479,275.16; profit and loss, $35,817.23._.Wra;to«f.— William W. Smith, William Workman, Washmg^tonj Pa.;
ING TON,
1 Spencer, Baltimore. Md.; Johns McCleave, II. S. Burgesser, S. K. Harris, Pitts-burgh, Pa. J. B. WASH-
x, President ; F. R. Pinkerton, Secretary, Pittsburgh, Pa.; W. H. Ijams, Treasurer, Baltimore, Md.
BALTIMORE AND POTOMAC RAILROAD COMPANY.
Main Line of Road. — Baltimore, Md., to Pope's Creek, Md 73.13 miles.
Washington Branch : Bowie to South End of Long Bridge 18.93 miles.
Leased: Catonsmlle Short Line RR., London Park, Md., to Catonsville, Md 3 80 miles.
Total length of lines operated 95.86 miles.
3d track, 41.92 ; sidings, 21.15 miles. Gauge, 4 ft. 9 in. Rail (steel, 92.15 miles), 52 to 69 Ibs.
History. — Chartered in Maryland, May 6, 1853, and in the District of Columbia, Febru-
ary 5, 1867 ; road opened to Washington July 2, 1872, and to Pope's Creek, January 1, 1873.
The Baltimore Tunnel was opened June 29, 1873. Controlled by the Pennsylvania RR. Co.,
which owns $3,042,600.00 of its capital stock. The Catonsville Short Line Ry. is operated at.
cost — operations not included below.
Rolling Stock, December 31, 1886.— Locomotive engines, 29. Cars — passenger, 50; bag
page, mail and express, 11 ; freight (box, 120; stock, 50; gondolas, 96; caboose, 8), 274
other cars, 59 — total cars, 394.
110
POOR'S MANUAL — BALTIMORE AND POTOMAC RR. CO.
Operations for year ending December 31, 1886. — See tabular statement below.
E»rningB.-Pa8senger $744,31775
Kivi"ht 455,88300
Mail 58,38483
Express 61,80334
Miscellaneous 15,555 37
Kxpenses.— Transportation $342,824 23
Motive Power 242,55699
Maintenance of Cars 59,848 98
Maintenance Way and Buildings 160,024 41
General 17,942 28
Total ($8,941.96 per milev, $823,196 89
Payments: Interest on bonds, $270,000; on
Total ($14.510.58 per mile) $1,33:>,844 29
Net earnings (38.38 per cent.), $512,647.40.
debt, $7,474.11 ; other payments, $6,288. 17- total, $283,762.28. Surplus, $228,885.12. De-
ficit from last year, $507,783.16 ; balance, $278,898.04. Add accrued interest charged off,
$45,000— total to debit of profit and loss, as per general balance sheet, $323,898.04.
General B lance Sheet, December 31, 1886.
Cost of Road. Real Estate, etc $9,124,069 73
Cost of Rolling Stock .' 695,50996
Cash and Accounts 246,807 21
Profit and Loss 328,898 04
Total Assets $10,390,284 94
Capital Stock $3,553,25000
Funded Debt Outstanding 6,500,00000
BillsPayable 100,00000
Current Accounts 237,034 94
Total Liabilities. ... ... $10,390,284 94
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
90.2
90.2
90.2
90.2
90.2
92.06
92.06
92.06
Passenger Train M iles
Freight Train Miles
407,939
157,182
417,627
154,650
4(54,152
196,962
447,664
236.928
436,139
212.479
524,340
252,871
550,599
229.033
587.554
248,751
Other Train Miles
18,466
28,588
20,856
24,902
24,841
16,830
109,554
188,322
895,965
992,285
1,168.301
1,194,706
1,332.241
1,543,043
1,7(J6,128
1.843,500
18,398,815
15,371,772
17,458,798
19,714,508
21,247.199
24.687,939
29,107,290
2!I.171I.2S2
Freinht (Ions) Moved
Frei"ht (ton; Miles
347,455
8,394,696
892,455
9.462,907
532.162
13,582.377
618,696
16,797,791
763,543
20,857,454
775,054
21.060.937
816,033
24,029,235
8J2,I93
25,078,554
I>;i*»en<rer Earnings
$
397,373
1
444.776
$
510,077
$
577,413
s
603,288
$
669.394
$
753,116
744.318
230,803
259,199
344.255
385,449
426,406
433.570
437.2-2P
455.833
71,596
86,172
112,100
134,146
1-J6.7-J6
121,609
132,747
135,694
Gross Traffic Earnings
Traffic Expenses
699,772
526,202
790,147
632,663
966,482
840,923
1,097,008
790,721
1,156,420
809,292
1,224,573
838,938
1,323,092
768.552
1,335,845
823,197
Net Traffic Earnings
173,570
157,484
125,509
306,287
347,128
385.634
554,540
512.648
Interest, etc
272,317
272.342
272,318
272,453
273,846
327,106
297,181
283,762
Ittilance. (+ or — ) . ..
— 93,747
— 114,858
- 146,809
+ 33,834
+ 73.282
+ 58,523
+ 257,359
+ 228,886
Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expense-* to Ivirninu's
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
Capital Stock
Funded Debt
7,758 00
1,924 28
75. 19 p. c.
2.989 c.
2.749 c.
2.553.250
6,500.000
8,759 94
7,014 00
1,745 94
80. 06 p. c.
2.S93 c.
2.739 c.
$
3.553,250
6,500,000
10,714 32
9,322 87
1,391 45
87.01 p. c.
2.848 c.
2.534 c.
$
3.553,250
6,500,000
12,161 95
8,766 31
3,395 64
72.08 p. c.
2.92!» C.
2.295 c.
$
3.553.250
6.500,000
12,820 61
8,972 19
3.848 42
69. 98 p. c.
2.839 c.
2.044 c.
*
6,500.0110
13,301 89
9,112 95
4.188 94
68.61 p. c.
2.711 c.
2.059 c.
1
3,553,250
6,500.000
14,372 06
8,348 36
6,023 70
58.09 p. c.
2.587 c.
1.820 c.
1
3.5.VU'50
6,500.000
14,t>10 58
8,941 96
5,568 62
61. 62 p. c.
2.551 c.
1.818 c.
3,553.250
6,500.000
Other Liabilities
132,003
129,620
802,560
687,868
693,270
476,875
337,035
Total Liabilities
Railroad and Rolling Stock
Other Property and Assets.
10,185,253
9,007,016
185.518
992 719
10,182,870
9,099,296
123,767
959 807
10,355,810
9,099,296
149,897
1 106 617
10,629,479
9,405.537
331,681
t9° 261
10,741,118
9,620.952
301,188
818 978
10,746,520
9.620,952
365,117
760 451
10.530.125
9,620,952
401,390
507 783
10,390,285
9.819,580
24ii.807
3i3 898
Total Property & Assets
10,185,253
10,182,870
10,355,810
10,629,479
10,741,118
10,746,520
10,530,125
10,390,885
Statement of funded debt, in detail, December 31, 1886 :
1st mtge. (RR. 90.56 miles)6 p. c. 40-year gold bonds, due April 1, 1911, int. A. & O. $3,000,000
l*t mtge. (Tunnel, 1.5 miles) 6 p. c. 40-year gold bonds, due Julyl. 1911, int. J. & J. 1,500,000
2d mtge. inc. (RR.& Tun! 92.03 m.) 6 p. c. 40-yr. cy. bds., due Jan. 1. 1915, int. J. & J. 2,000,000
The 1st mortgage bonds, both RR. and Tunnel, are $1,000 coupon bonds, with registry
privilege, principal and interest guaranteed by the Pennsylvania RR. and Northern Central
Ry. Companies, and payable in gold in Baltimore free of all State and national taxes, or in
London in sterling, at option of holder, at 4s. per dollar, with sinking fund of one per cent,
per annum. The 5Jd mortgage income bonds are $1,000 registered, and all owned by Penn-
POOR'S MANUAL OF RAILROADS. Ill
sylvania RR. Co. Trustees : first mortgage, B. F. Newcomer and Wm. T. Walters ; second
mortgage income, Albert Hewson and John S. Leib.
Railroad and Tunnel 1st mortgage bonds listed on Baltimore, Philadelphia and London
Stock Exchanges. Annual meeting, first Wednesday in June. Registrar of stock, J. S. Leib,
Treasurer of Company. Par value per share, $50.
CATONSVILXE SHOUT LINE RAILROAD.— Loudon Park (St. Agnes Station, B. & P.RR.), Md.,
to Catousville, Md., 3.80 miles ; sidings, 0.40 mile. Gauge, 4 ft. 9 in. Rail (steel), 61 Ibs. Chartered February
25, 1882 ; road opened November 10, 1884. Leased for 99 years from date of opening to Baltimore and Potomac
RR. Co., net results going to lessor. Equipment furnished by lessee. Operations for year 1886.— Trains run (pas-
senger, 16.048 ; freight, 912), 16,960 miles. Passengers carried, 184.375 ; carried one mile, 397,265. Tons freight
moved, 6,432 ; moved one mile, 23,938. Earnings— passenger. $7,346.64 ; freight, $2,383.13 ; other, $299.29— total,
$10,029.06. Operating expenses, $9.659.99. Net loss, $369.07. Financial Statement, December 31, 1886.—
Capital stock (par, $50), $60,000 ; funded debt, $40,000 first mortgage 6 per cent. 30-year gold $500 and $1,000
coupon bonds, dated July 1, 1884, interest payable January and July— total stock and bonds, representing cost of
road, $100,000. Trustees of bonds, N. W. James, E. S. Gary, C. G. W. Macgill. Annual meeting, third Tuesday in
June. Directors: Jas. A. Gary, Henry James, John Gill, Eugene Carrington, J. W. Harvey, Jr., C. G. W. Macgill,
Gustave Gieske, Baltimore, Md. Officers : JAMES A. GARY, President , Henry James, Vice- President : John Gill,
Treasurer ; Eugene Carritigton, Secretary, Baltimore, Md.
Board of Directors B. & P. RR. Co., elected June 2, 1886.
R. D. Barclay Philadelphia, Pa. I George Small Baltimore, Md. B. P. Newcomer Baltimore, Md
Prank Thomson... Philadelphia, Pa. I W. T. Walters Baltimore, Md. Eli J. Henkle Baltimore, Md.
Samuel Cox, Jr Baltimore, Md.
ODEN BOWIE, President Baltimore, Md.
Frank Tbomson, Vice- President Philadelphia, Pa.
Treasurer— John S. Leib Baltimore, Md. | Secretary— James P. Kerr Baltimore, Md.
General Manager— C\\&r\e» E. Pugh Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Calvert Station, Baltimore, Md.
BANGOR AND PORTLAND RAILWAY COMPANY.
Main Line of Road. — Bangor, Pa., to Nazareth, Pa 25.00
Martin's Creek Branch : Bangor to Martin's Creek, Pa 8.00
Other branches : West Bangor, 1.5 ; North Pen Argyl, 0.5 2.00—35.00 miles.
Sidings, etc., 7 miles. Gauge, 4 ft. 8| in. Rail (steel, 26 miles), 56 Ibs.
History. — Chartered March 4, 1879 ; road opened from Portland to Bangor, 8 miles, De-
cember 1, 1880; from Bangor to Pen Argyl, 7 miles, November 1, 1881 ; from Pen Argyl to
Nazareth, 10 miles, August 20, 1882 ; Martin's Creek Branch, December 28, 1885.
Rolling Stock, December 31, 1886. — Locomotive engines, 5. Cars — passenger, 5 ; bag-
gage, etc., 2 ; freight (box, 6 ; platform, 31), 37 ; caboose, 2— total, 46. Also, 4 other cars.
Operations for year ending December P.I, 1886. — Train mileage — passenger, 38,400 ;
freight, 23,000 ; other, 8,400 — total, 69,800 miles. Passengers carried and tons of freight
moved, not reported. Earnings — passenger, $17,585.17 ; freight, $66,801.49 ; mail and ex-
press, etc., $1,865.64— total. $86,252.30. Operating expenses, $61,735.38. Net earnings, $24,-
517.92. Payments : Interest on bonds, $17,178; dividends (6 per cent.), $7,266 ; construction
Martin's Creek Branch, $61,735.38— total, $86,179.38. Balance, surplus, $72.92.
Financial Statement, December 31, 1886.— Capital stock (authorized, $350,000), $121,100;
funded debt, 1st mortgage 6 per cent. 50-year bonds, due January 1, 1930, interest January
and July (authorized, $350,000), $286,300; profit and loss, $72.92— total, $407,472.92. Contra :
Cost of road, $355,540 ; rolling stock, $43,860 ; real estate, etc., $8,000 ; cash on hand, $72.92
—total, $407,472.92.
Annual meeting, second Thursday in May ; books close one week previously. Dividends
payable January and July at company's office; interest at National Park Bank, New York, or
at company's office. Stock may be voted immediately on transfer. Trustees of bonds:
Moses Taylor, John I. Blair and D. C. Blair. Registrar of stock : A. M. Paff, Bangor, Pa.
Directors (elected May 10, 1886).— C. Miller, Blairstown, N. J. ; D. C. Blair, Belvedere,
N. J. ; John I. Blair, Blairstown, N. J. ; George W. Mackey, John Buzzard, Jacob E. Long,
Bangor, Pa. ; John I. Miller, Jonathan Moore, Portland, Pa. ; Joseph Bray, East Bangor, Pa.
C. MILLER, President and General Manager Bangor, Pa.
Secretary— Geo. W. Mackey Bangor, Pa. | Treasurer— John I. Miller Portland, Pa.
Auditor— William M. Bennett Bangor, Pa.
PRINCIPAL OFFICE AND ADDRESS Bangor, Pa.
112 POOR'S MANUAL OF RAILROADS.
BARCLAY COAL RAILROAD COMPANY.
Line of Road.— Barclny, Pa., to Towanda, Pa 16.23 miles.
Sidings, etc., 6.02 miles. Gauge, 4 ft. 8i in. Rail (steel, 4.50 miles), 56, 65 and 70 Ibs.
History.— Chartered April 3, 1854 ; opened October 8, 1856. Original name Barclay RR.
and Coal Co.; subsequently sold out and reorganized. Leased to Towanda Coal Co. January
1, 1868, for 20 jeers, that company supplying rolling stock, which consists of 6 locomotive
engines, 2 passenger, 1 baggage, 4 freight, 168 coal, and 11 service cars.
Operations for year ending December 31, 1885 (Lessee's report).— Trains run (passenger,
18,975 ; coal, 45,460), 64,435 miles. Passengers carried one mile, 140,544. Freight moved,
278,527 ; moved one mile, 4,139,212 tons. Earnings— passenger, $4,504.21; freight, $52,-
899.98 ; other, $9,441.67— total ($4,118.66 per mile), $66,845.86. Operating expenses ($3,-
131.16 per mile), $50,818.74. Net earnings, $16,027.12. Paid rental of road, $35,000. Loss
to lessee, $18,972.88.
Financial Statement (Lessor), December 31, 1886.— Capital stock ($50 per share), $1,-
000,000 ; funded debt, 1st mortgage 5 per cent, bonds, due 1887, interest April and October,
$100,000 — total, $1,100,000. During the year 1686 the lessor company paid two dividends
(March 18, 3 per cent., and September 18, li per cent.) upon its capital stock.
Dividends paid since the organization of the company: 1868, 2 per cent.; 1869, 7 per cent.;
1870, 5 per cent.; 1871, 6 per cent.; 1872, 7 per cent.; 1873. 6 per cent.; 1874, 7 per cent.;
1875, 8 per cent.; 1876, 7 per cent.; 1877, 6 per cent.; 1878, 5^ per cent.; 1879, 6i per cent.;
1880 and 1881, each 8 per cent.; 1882, 5 per cent.; 1883, 1884 and 1835, each 6 per cent.;
1886, 4i per cent.
Directors. — I. V. Williamson, J. Raymond Claghorn, Edward Hoopes, Andrew Wheeler,
George M. Trouttnan, Philadelphia, Pa.; Wm. B. Warner, Norristown, Pa.
EDWARD M. DAVIS, President Chelton Hills, Pa.
Vice-Prfsident— J. R. Claghom Philadelphia, Pa. | Secretary and Treas.—U&Tvey Shaw. . .Norristown, Pa.
PKINCIPAL OFFICE AND ADDKESS No. 154 South Fourth St., Philadelphia, Pa.
BATH AND HAMMONDSPORT RAILROAD COMPANY.
Line of Road. — Bath, N. Y., to Hammondaport, N. Y '. . . . 9.40 miles.
Sidings, etc., 0.6 mile. Gauge, 3 feet. Rail (steel, 0.50 mile), 40 Ibs.
History. — Organized January 17, 1872; road .opened June 30, 1875. Leased to Allen
Wood for 99 years from December 15, 1874.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 5 ; baggage, etc., 2 ; freight
(box, 5 ; platform 11), 16 — total, 23. Also. 4 service cars.
Operations for year ending September 80, 1886. — Trains (mixed) run, 19,240 miles.
Passengers carried, 34,239; carried one mile, 314,968. Tons freight moved, 8,626 ; moved
one mile, 86,260. Earnings— passenger, $8,280.81 ; freight, $6,996.27 ; other, $1,352.65—
total, $16,629.73. Operating expenses — maintenance of way, $3,798.90 ; motive power and
cars, $757.16; transportation, $4,789.10; miscellaneous, $5,790.64— total, $15,135.80. Net
earnings, $1,498.93. Interest paid, $2,163.33 ; taxes, $381.26. Balance, deficit, $1,050.66.
Financial Statement, September 30, 1886.— Capital stock (authorized, $100,000), $73,300;
funded debt (1st mortgage, 6 per cent, bonds, interest May and November, $8,000 due in
1890 and $30,000 in 1900), $38,000 ; current accounts, $370.89; interest on funded debt, $2,-
163.33; loans and bills payable, $11,214.18 ; sundries, $653.48; profit and loss, $3,505.40—
total, $129,207.28. Contra : Cost of road and equipment, $128,870.20 ; bills receivable.
$31.20; current accounts, $90. 13; cash on hand, $215.75— total, $129,207.28.
Directors.— Jonathan Hobie, William Rumsey, Bath, N. Y.; H. H. Cook, New York,
N. Y. ; John VV. Davis, T. M. Younglove, S. S. Fairchild, Hamniondsport, N. Y.
JONATHAN ROBIE, Vice- President Bath, N. Y.
Henry S. Stebbins, Lessee Hammondsport, N. Y.
Treaturer— H. H. Cook Bath, N. Y. | Secretary— J. W. Davis Hammondsport, N. Y.
General Manager— Allen Wood Hammondsport, N. Y.
PRINCIPAL OFFICB AND ADDKESS Hainmondsport, N. Y.
POOR'S MANUAL OF RAILROADS. 113
BEECH CREEK RAILROAD COMPANY.
Main Line of Road. — Jersey Shore, Pa., to Gazzam, Pa 104.27 miles
[ Tunnel Mines : Gorton Hts., Pa., to Mines Nos. 1, 2, 3 and 4. 8.67
\Peale : Viaduct, Pa., to Grass Flat Mines .3.33
-r, v j PMlipsburg : Munaons, Pa., toSteiner, Pa .7.59
: 1 Clearfield : Clearfield Junction, Pa., to ClearHeld 3.91
Alder Run : Morrisdale Mines to Mines 1.34
[ Hawk Run : Hawk Kun June., Pa., to Alport and other inines.2.24 — 22.08 miles.
Total length main line and branches, comp'd and in operation "Dec. 31, 1886, 126.35 miles.
Sidings, etc., 26.61 miles. Gauge, 4 ft. 8| in. Rail (steel), 67 Iba. per yard.
History. — Organized as the Susquehanna and Southwestern By. Co. in August, 1882,
under the general railroad laws of the State of Pennsylvania. Reorganized as Beech Creek,
Clearfield and Southwestern RR. Co. iu January, 1883. Construction began early in 1883 ;
main line completed from Jersey Shore to Peale, 57.76 miles, in July, 1884; extended to
Philipsburg, 15.58 miles, February 1, 1885. The Tunnel Mines, Peale, and Hawk Run
branches were built in 1884. The extension of the main line from Ansonville Junction to
Gazzam, 36.7 miles, was opened in July, 1885, and the Clearfield Branch in December, 1885.
In the construction of the road a debt of $1,300,000 was contracted, for which $4,500,000
bonds were pledged as collateral. To pay off the debt, which fell due in December, 1885,
the stock was assessed 26 per cent. The road was sold under foreclosure June 4, 1886, and
was bid in for $1 ,300,000 by a committee of stockholders. The company was reorganized
under its present title July 7, 1886.
Rolling Stock, December 31, 1886. — Locomotive engines, 18. Cars — passenger, 9 ; bag-
gage, mail and express, 1 ; freight, 582 ; other cars, 169 — total cars, 761.
Operations for year ending December 31, 1886. — Train mileage — passenger, 82,770 ;
freight, 154,176 — total, 236,946 miles. Passengers carried one mile, 1,212,930; average mile
rate, 2.63 cents. Tons freight moved, 721,136 ; moved one mile, 52,444,528; average ton-
mile rate, 0.66 cent.
Earnings.— Passenger $31,986 SO
Freight 345,162 43
Mail 532 42
Express 573 20
Miscellaneous... 862 63
Total (83,000.50 per mile) $379,116
Expenses.— Transportation $46,589 88
Motive Power 52,287 21
Maintenance of Cars. 16,749 73
Maintenance Way & Buildings. . . 42,378 72
General 10,166 86
Total ($1,331.04 per mile> $168,172 34
Net earnings (55.64 percent.), $210,944.64. Add interest received, $641.10 — total avail-
able revenue, $211,585.74. Payments: Interest on bonds, $100,000; dividend, $32,500;
other payments, $47,502.97— total, $180,002.97. Balance, surplus, $31,582.77. In Novem-
ber, 1886, a dividend of 5 per cent, was declared from undivided profits of the old company,
stockholders having the option of taking it iu cash or in new car trust bonds, to be issued to
the amount of $400,000. The dividend paid from surplus of 1886 was 2J per cent, on pre-
ferred stock and was paid January 15, 1887.
General Balance Sheet, December 31, 1886.
Cost of Road and Rolling Stock $9,997,253 34 Capital Stock (par, $50) $5,000,000 00
Materials and Fuel on Hand 22, 6.J 2 90 Funded Debt Outstanding 5,000,00000
Current Accounts 229,701 51 Current Accounts 297,171 00
Cash on Hand... 261,04602 Coupons and Dividends, Payable Jan., 1887 132,50000
Indemnity Fund 50,000 00
Front and Loss 31,582 77
Total Assets $10,511,253 77
Total Liabilities $10,511,253 77
Funded debt consists of first mortgage 4 percent. $1,000 coupon bonds, dated July 1, 1886,
due July 1, 1936, interest payable January and July at the office of the Treasurer, Grand Cen-
tral Depot, New York City. Capital stock consists of $3,700,000 common (74,000 shares) and
$1,300,000 preferred (26,000 shares). Preferred stock entitled to 5 per cent, non-cumulative
dividends. Voting power attaches to stock after 60 days' ownership. Annual meeting first
Monday in May. Books close 60 days prior thereto. Trustee of bonds, Knickerbocker
Trust Company, New York City. Registrar of Stock, Union Trust Company, New York,
N. Y. Stock and bonds listed on New York Stock Exchange.
Directors (elected June 29, 1886).— Cornelius Vanderbilt, William K. Vanderbilt, New
114 POOR'S MANUAL OF RAILROADS.
York, N. Y.; Daniel Beach, Watkins, N. Y.; Joseph M. Gazzam, Philadelphia, Pa.; George
F. Baer, Reading Pa.
WILLIAM A. WALLACK, President Clearfield, Pa.
C. Vanderbilt, Vice-President New York, N. Y.
m.~ «f*~ ,*~to j Gay E. Hnstis — Jersey Shore, Pa.
Transfer Agents. \ Landreth H. King.New York, N. Y.
Sec. and Treasurer— Attyn Cox New York, N. Y.
General Manager— George J. MM gee Corning, N. Y.
Auditor— W. H. Herrick Jersey Shore, Pa.
PRINCIPAL OFFICE AND ADDRESS Jersey Shore Junction, Pa.
(Jersey Shore Junction, Pa.,
Transfer Offices j- . „ ~ , XT „
( Grand Central Depot, New York, N. Y.
BELL'S GAP RAILROAD COMPANY.
Line of Road.— Bell wood, Pa., to Irvona, Pa : 25.7 miles.
Sidings, 5.6 miles. Gauge, 4 ft. 9 in. Kail (steel, 25.7 miles), 50, 56, 67 and 69 lb?.
History.— Chartered June 13, 1872 ; road opened to Lloyd's, 1883 ; to Coalpoit, 1880 ; to
Irvona, 1882.
Rolling Stock, November 30, 1886.— Locomotive engines, 4. Cars— passenger, 4 ;
freight, 5 ; other, 10 — total, 19. Freight cars for through service furnished by Penn. RR. Co.
Operations for year ending November 30 1886.— Passengers carried, 63,369. Tons
freight moved, 262,565. Earnings— passenger, $16,983.54 ; freight, $139,643.03 ; mail, etc..
$3,625.50— total ($6,235.49 per mile), $160,252.07. Operating expenses ($3,191.50 per mile),
$82,021.60. Net earnings ($3,043.99 per mile), $78,230.47.
Financial Statement, November 80, 1886.— Capital stock (par, $50), $550,000 ; funded
debt, $539,000 ; current accounts, $4,808.08 ; profit and loss, $86,979.52— total, $1,180,847.60.
Cost of load, $967,989.55 ; equipments, $76,472.18 ; real estate, etc., $49,507.50 ; current
accounts, $8,607.03 ; cash, $78,271.34
Funded debt consisted November 30, 1886, of :
1st mtg. (Bell's Mills to Lloyd's, 8.3 miles), 7 per cent. 20-year bonds, due July 1, 1893, int. Jan. & July... $250,000
1st rate. (Bell's Mills to Irvona, 25.4 miles), 0 per cent. 25-year bonds, doe Au-:. 1, 1905, int. Feb. & Aug. . . 100,000
Consolidated mtg. (whole line), 6 percent. 30-year bonds, due April 1, 1913, interest April and October 189,000
The amount of bonds authorized under the new consolidated mortgage is $550,000, of
which $350,000 are reserved to retire the old first mortgages.
On January 3, 1883, this company paid a scrip dividend of 15 per cent, on a capital of
$350,000, which was paid off in 1884 ; on January 16, 1884, a second scrip dividend of 6 per
cent, was paid on $550,000 stock, and the scrip ] aid off in 1885. On December 15, 1884, a
cash dividend of 3 per cent, was declared on $550,000, rayable on and after January 15, 1885 ;
a cash dividend of 5 per cent, was declared December 21, 1885, payable December 31, 1885 ;
and a cash dividend of 5 per cent, was declared December 20, 1886.
Annual meeting second Monday in January. Books close for dividends two weeks prior
to payment of same. Stock and bonds listed on the Philadelphia Stock Exchange. Divi-
dends on stock and interest on the first mortgage bonds paid at 305 Walnut Street, Phila-
delphia; interest on consolidated mortgage at the Guarantee Trust and Safe Deposit Co.,
Philadelphia.
C1.EARFIELD AND JEFFERSON RAILROAD.— Irvona to Mehaffey, Pa., 16 miles ; total
track (steel >, 17.3 miles. Kail, (X) Ibs. Gauge, 4 ft. U in. Organized in February, 1885, to build an extension of
tlii- Bell's Gup UK. from Irvona to a connection with the Buffalo, Rochester and Pittsburgh RU. at Punx*utawney,
a distance of 40 miles. Houd completed 16 miles as above In October, 1886. The stock and bonds were taken
by Bell's Gap stockholders, who paid $500 cash for $500 of each Issue. Leased to Bell's Gap RU. Co. Capital
stock (par, <*50), $435,000 ; funded debt, 1st mortgage G per cent, bonds, indorsed by Bell's Gap RR. Co., due
January 1, liX)7, interest payable Januaiy and July, fc435,000— total stock ana bonds. £870,000. JAMES S. ATTEH-
nvRf,frefiden(: Geo. J. Gorman, Sen etary and Treasurer, Pittsburgh, Pa. CORPORATE OFFICE, Pittsburgh,
Pa.
Directors Bell's Gap RR. Co. (elected January 10, 1887.) — John H. Converse, Samuel G.
Lewis, Aaron Fries, H. S. Frank, John Reilly, Philadelphia, Pa.
CIIABLES F. BERWIND, President Philadelphia, Pa.
Treaturer—J. G. Cassatt ..Philadelphia, Pa. | Gen. Superintendent— ~R. G. Ford Bellwood,
Secretary— Frqnk S. Lewis Philadelphia, Pa.
PKINCIPAL OFFICE AND ADDKESS No. 2C9 South Third Street, Philadelphia, Pa.
POOR'S MANUAL OF RAILROADS. 115
BOSTON, HOOSAC TUNNEL AND WESTERN RAILWAY CO.
Main Line of Road. — Rotterdam Junction, N. Y., to Vt. and Mass. State Line. 61. 22 miles.
, . I Troy, Saratoga and Northern RR.: Saratoga to Saratoga June., N. Y. 17.52 miles.
' \ Schuylerville June, to Schuylerville, N. Y , 8.00 miles.
Total length of lines (Vt., 6.48 ; N. Y., 80.26) 86.74 miles.
2d track, 6.56 ; sidings, 25.08— total track owned (all steel), 88.66 miles. Gauge, 4 ft. 8i in.
Rail, 60 Ibs.
History. — Organized in New York, February 16, 1877 ; road opened from Mechanicville
to Massachusetts State Line, 93.03 miles, January 1, 1879. On April 19, 1880, the B., H. T. &
W. Ry. Cos. of New York and Vermont were consolidated. On March 1, 1881, a consolida-
tion was effected with certain other companies with a view to securing the rights for exten-
sions to Buffalo and Oswego. On July 16, 1883, this latter consolidation was declared illegal.
In obedience to the decree, the stock and bonds issued under the consolidation were cancelled,
and an equitable lien upon the properties of tbe constituent companies granted to the Conti-
nental Construction and Improvement Co. (See MANUAL for 1844, page 110.)
The line is carried to North Adams, Mass., about 7 miles, over the Troy and Greenfield
RR. . and through the Hoosac Tunnel to Greenfield. For the use of the tunnel the company
pays the State a proportionate amount (equalling about 50 per cent.) of its gross earnings over
that portion of its line. In July, 1882, the company leased the Saratoga Lake and the Hoosac
Tunnel and Saratoga Rys. Since consolidated under the name Troy, Saratoga and Northern
ER., as below.
Rolling Stock, September 30, 1886. — Locomotive engines, 24. Cars — passenger, 14 ; bag-
gage, etc., 4 ; freight (owned, 4 box ; leased, box, 505 ; stock, 134 ; platform, 30 ; coal, 289),
962 ; caboose, 11 ; other, 2— total cars, 993.
Operations for year ending September 30, 1886. — Train mileage — passenger. 251,432 ;
freight, 437,623 ; other, 104,186— total, 793,241 miles. Passengers carried, 265,811 ; carried
one mile, 6,461,302 ; average mile rate, 1.83 cents. Tons freight moved, 1,316,829 ; moved
one mile, 75,098,438 ; average ton-mile rate, 0.66 cent.
Earnings.- Passenger $120,311 26
Freight 492,301 92
Mail and Express 9,578 16
Miscellaneous 10,052 53
Total ($7,289.65 per mile) $632,303 87
Expenses.— Maintenance of way $58,6(18 73
Motive Power and Cars 91,339 47
Transportation 223,179 90
General Expenses 76,8U5 68
Total ($5,188.54 per mile) $450,053 7*
Net earnings (28.82 per cent.), $182,250.09. Charges against net earnings : Interest on
funded debt, $100,000 ; taxes on property, $18,933.19. Surplus over charges, $63,316.90.
No interest was paid during the year, consequently the surplus over payments was $163,316.90.
from which should be deducted — deficit from last year, $5,372.63; Consol. Co. of March,
1881, $367.35 ; interest on unfunded debt, $5,416.73— total, $11,156.71, leaving balance sur-
plus, September 30, 1886, as per balance sheet, $152,160.19.
Financial Statement, September 30, 1886.— Capital stock, $3,551,010; funded debt,
$2,000,000; bills payable, $48,895.71; current accounts, $167,173.49 ; loans, etc., $970,232.97 ;
interest on funded debt due and accrued, $203,433.33; profit and loss, $152,160.19 — total
liabilities, $7,092,905.67. Contra : Cost of road and equipment, $6,519,307.44 ; materials
and fuel, $18,801.35; current accounts, $202,757.76; cahh, $38,782.12; due by agents, $4,-
923.07 ; accrued interest on funded debt, $308,333.33.
The funded debt consists of $2,000,000 30-year 5 per cent. $1,000 coupon debenture
bonds, due September 1st, 1913, interest payable March and September. Trustee, Central
Trust Co., New York.
Annual meeting, third Wednesday in August ; books close 30 days prior thereto.
TROY SARATOQA AND NORTHERN RAILROAD. -Saratoga to Sarat9ga Junction, N. Y.,
17.52 miles ; branch, SchuyJerville Junction to Schuylerviiie, N. Y., 8 miles— total, 25.52 miles. This company
is a consolidation, September 2, 18S6, of the Saratoga Lake and the Hoosac Tunnel and Saratoga Ry. CosM for
history of which see MANUAL for 1886, page 35. Leased to Boston, Hoosac Tunnel and Western Ky. Co. since the
consolidation ; the lessee paying all expenses and taxes, turning over any surplus to the lessor company.
Financial Statement.— Capital stock (par, $)00), $2,300,000. W. H. HOLLISTKK, President ; Aaron T. Smith, Secre-
tary ; S. Newton Smith, Treasurer. COBPOKATK OFFICE, New York, N. Y.
116 POOR'S MANUAL OF RAILROADS.
Board of Directors B., IT. T. & W. Ry. Co., elected August 18th, 1886.
William Dowd . . . . New York, N. Y.
Daniel 15. Hatch. . .New York, N. Y.
Wm. H. Holllstcr..Ncw York, N. Y.
Rudolph Keppler. .New York, N. Y.
Ang. Kountze New York, N. Y. I James J. Higginson. New York, N. Y.
David J. King... New York, N. Y. Root. B. Mintnrn. ..IS'ew York, N. Y.
Cyrus J.Lawrence.New York, N. Y. James O. Sheldon. ..New York, N. Y.
S. V. White New York, N. Y. | Francis Smith New York, N. Y.
Charles F. Tag New York, N. Y.
AUGUSTUS KOUNTZE, President New York, N. Y.
Vice-President— Francis Smith New York, N. Y. I Treasurer— Rudolph Keppler ..New York, N. Y.
Secretary and Comni'r— A. T. Smith. .New York. N. Y. | General Manager— C. A. Coombs.. Mechanicville, N. Y.
Auditor and Cashier— A.. Gorham Mechanicville, N.Y.
PRINCIPAL OFFICE AND ADDRESS Meclianicville, N. Y.
New York Office , 120 Broadway, New York, N. Y.
BRADFORD, ELDRED AND CUBA RAILROAD COMPANY.
Main Line of Road.— Cuba, N. Y., to Ceres, N. Y. (Pa. Line) 23.71 miles.
, ( Wdlsville, Boliver and Eldred RR 20.62
'd : \ Bradford, Richlurg and Cuba RR 9.36—29.98 miles.
Total length of line operated September 30, 1885 53.69 miles.
Sidings, 0.97 mile. Gauge, 3 ft. Rail (steel, 40 Ibs.), 30 Ibs.
History.— Chartered May 11, 1881. Road opened in 1882.
Rolling Stock. — Locomotive engines, 6. Cars — passenger, 8 ; baggage, mail, etc., 3 ;
freight (box, 15 ; coal, 69 ; flat, 36), 120 — total, 131. Also, 26 4-wheel service cars.
Operations for year ending September 30, 1886. — Trains run — passenger, 44,748 ; freight,
20,658— total, 65,406 miles. Passengers carried, 58,490 ; carried one mile, 584,908; average
mile rate, 1.4 cents. Tons freight moved, 17,922 ; moved one mile, 341,276; average ton-
mile rate, 1.06 cents.
Earnings.— Passenger $24,748 58
Freight 18,332 95
Mail 99644
Express 1,745 64
Total (§853.48 per mile) $45,825 61
Expenses.— Maintenance of Way $23,645 05
Rolling Stock 9,18980
Transportation 18,768 61
0 Miscellaneous and Taxes 5,118 33
Total ($1,056.47 per mile) $56,721 79
Net loss, $10,898.18. Interest on bonds, $33,600; taxes on earnings, etc., $65.58— de-
ficit, $44,563.76. Deficit from last year, $46,850.93— total, $91,414.69. Deduct interest on
loans, $1,652.21 ; add rents, discount oil reconstruction certificates and old balance from
agents, etc., $485.21— total, $1,166.59. Total deficit September 30, 1886, $90,248.10.
General Balance Sheet, September 30, 1886.
Road and Equipment ($22,202.52 per mile). . $556,298 28
Other Investments. 631,043 80
Bills Receivable 1,395 22
Due by Agents 1,6!2 85
Current Accounts 7,949 90
Sundries 114 33
Profit and Loss 90,248 10
Total Asset* $1,288,722 48
Capital Stock ($19,452.99 per mile) $480,000 00
Funded Debt 560,000 00
Bills Payable and Loans 95,972 60
Interest on Bonds Due aud Accrued 85,620 00
Unpaid Dividends' . 275 00
Audited Vouchers and Pay-rolls 44,003 40
Current Accounts 21,084 82
Sundries... 1.766 66
Total Liabilities $1,288,722 48
Funded debt : 1st mortgage 6 per cent. 50-year bonds, due January 1, 1932, interest Jan-
uary and July, $500,000; 2d mortgage 6 per cent. 5-year bonds, due June 1, 1885, interest
June and December, $60,000. Interest and dividends payable in New York City. Interest
on bonds was guaranteed by the New York, Lake Erie and Western RR. Co., which owns
controlling interest in this road. Default having been made in payment of January, 1885,
interest, suit for foreclosure of first mortgage was begun by the Metropolitan Trust Co. of
New York, and on February 4, 1885, the road was placed in the hands of a receiver. In
October, 1885, the receiver was authorized to issue certificates to the amount of $28,526 in
payment of certain claims of the paid Trust Co.
Annual meeting second Monday in January. Books close December 24th preceding.
Books close for dividends ten days previous to payment.
POOR'S MANUAL OF RAILROADS. 117
BRADFORD, RICHBT7RG AND CUBA RAILROAD.— Eldred, Pa., to Ceres, N. Y.,9.36 miles.
Skiing, ere., 0.91 mile. Gauge, 3 ft. Rail, 30 Ibs. Chartered March, 1881; opened July, 1881. Leased and operated
by Bradford, Eldred and Cuba RR. Co. Capital stock, $3,100 ; other liabilities, $187,200— total, $190,300. Contra :
Cost of road, etc., $187,200 ; other property and assets, $3,100. JOHN J. CARTER, President, Titusvile, Pa.; W.
C. Warner, Treasurer ; John A. Read, Secretary, Bradford, Pa.
WELLS VILLE, BOLIVAR AND ELDRED RAILROAD.-Wellsville, N. Y., to Little Genesee,
19.07 ; branch, Bolivar to Richburg, 1.55— total, 80.(i2 miles. Total track, 23.35 miles. Gauge, 3 ft. Rail, 30 Ibs.
Chartered April 29, 1881. Leased and operated by Bradford, Eldred and Cuba RR. Co. Capital stock, §6,990 ;
other liabilities, $412,400— total, $419,390. Contra: Cost of road. $412,400 ; due from lessee, $6,990. R. G. TAY-
LOR, President ; W. S. Bissell, Secretary, Buffalo, N. Y.; B. W. Spencer, Treasurer, New York, N. Y.
Board of Directors B., E. & G. RR. Co.
G. R. Blanchard. . .New York, N. Y. R. C. Vilas New York, N. Y. I D. O. Day Buffalo, N. Y
E. S. Bowen New York, N. Y.
Chas. G. Atterbnry .New York, N. Y
C. G. Barber New York, N. Y. R. G. Taylor Buffalo, N. Y.
B. W. Spencer Passaic, N. J. JJL E. Ransom Buffalo, N. Y.
John J. Carter Titusville, Pa.
THOMAS C. PLATT, Receiver New York, N. Y.
RICHARD G. TAYLOR, President Buffalo, N. Y.
Vice-President — George R. Blanchard. New York, N. Y. I Secretary -John E. Ransom New York, N. Y.
General Manager— John J. Carter Bradford, Pa. | Treasurer for Sec. — Geo. A. Eckbert Bradford, Pa.
Treasurer— B. W. Spencer New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Bradford, Pa.
BROOKLYN, BATH AND WEST END RAILROAD COMPANY.
Line of Road. — Brooklyn (Greenwood), N. Y., to Coney Island, N. Y 7 miles.
2d track, 3 miles ; sidings, 1 mile. Gauge, 4 ft. 8^ inches. Rail (steel, 4 miles), 56 Ibs.
History. — Organized in 1862 as the Brooklyn, Bath and Coney Island RR. Co. ; road
opened June 8, 1864. On May 4, 1885, the road was sold under foreclosure and purchased
for account of bondholders, who reorganized, December 5, 1885, under the existing title.
Rolling1 Stock. — Locomotive engines, 8. Cars — passenger, 28 ; platform, 3 ; other, 12 —
total, 43.
Operations for year ending December 31, 1886. — Train mileage, passenger and freight
traffic not reported. Earnings frem passengers, $61,842.73. Operating expenses, $37,327.59.
Net earnings, $34,515.14. Add receipts from other sources, $51,552.60 — total available
revenue, $76,067.74. Paid interest on bonds, $5,344.92; for real estate and equipment, $54,-
081.23— total, $59,426.15. Balance, surplus, $16,641.59.
Financial Statement, December 31, 1886.— Capital stock, $250,000 ; funded debt, $150,-
000 ; current accounts, $11,300 ; other liabilities, $3,828.52 ; profit and loss, $145,335.35—
—total, $560,463.87. Contra: Cost of road, $553,80803; materials and fuel, $1,000; cur-
rent accounts, $314.25; cash, $5,341.59— total, $560,463.87.
Funded debt consists of $150,000 first mortgage 5 per cent. 20-year $1,000 coupon bonds,
dated January 1, 1887, due in 1907, payable in 1897, interest payable January and July, at
Land Title and Trust Co., Philadelphia, Pa. Authorized issue, $250,000.
Directors (elected December 7, 1886).— John M. Butler, W. F. Snyder, Percival Roberts,
William A. Ingham, Frederick Prime, Jr., John S. Kates, Isaac Grerhart, Philadelphia, Pa.;
George A. Allin. E. B. Litchfield, New York, N. Y.
JOHN M. BDTLER, President and Treasurer. . .114 So. Third St., Phila., Pa.
W. F. Snyder, Vice- President . ..Green and Fifth Streets, Philadelphia, Pa.
Secretary— J. Horace Harding Philadelphia, Pa. | General Supt.—John P. Heindell Brooklyn, N. Y.
PRINCIPAL OFFICE AND ADDRESS 114 South Third Street, Philadelphia, Pa.
BROOKLYN ELEVATED RAILROAD COMPANY.
Line of Road. — Fulton Ferry to Schenck Ave., in City of Brooklyn, N. Y 6.75 miles.
Sidings, etc., 0-60 mile. Gauge, 4 ft. 84 in. Rail (steel), 60 Ibs.
History. — Chartered as the Brooklyn Elevated Silent Safety Railway Co., May 26, 1874.
Charter amended and corporate title changed to the Brooklyn Elevated Railway Co., May 22,
1875. On October 11, 1880, the road was placed in the hands of a receiver, Richard G.
Phelps, and on October 30, 1880, Alfred J. Wagstaff was appointed a co-receiver. On January
118 POOR'S MANUAL— BROOKLYN ELEVATED RR. CO.
6, 1881, they were removed and possession surrendered to John R. Lydecker nnd Samuel M.
Scliafer as receivers, who procured an extension of the charter for two years to May 26, 1883,
and made considerable progress towards the completion of the road. To provide the neces-
pary means for this purpose, they were authorized by the courts to issue receivers' certificates
for $2,500,000. On February 25, 1881, a plan of reorganization was agreed upon, for details
of which see MANUAL ISSo, page 116.
On May 12, 1884, the property was sold under foreclosure, and purchased for $100,000
bv Frederick Uhlmann, representing the bondholders. The purchasers also assumed payment
of about $460,000 receivers' certificates outstanding. On May 29, 1884, the Brooklyn Ele-
vated Railroad Co. was incorporated in pursuance of agreements dated January 24, 1884, made
between security holders of the Brooklyn Elevated Railway and certain persons interested in
promoting the construction and equipment of the road. Receivers formally discharged June
21, 1884.
During the year 1885 the construction of the road was proceeded with by the trustees
appointed by the security holders of the Brooklyn Elevated Ry. On December 31, 1885, the
road, rolling stock, etc., was delivered to the company.
The road has been operated by trustees under construction contract as follows : York and
Washington Streets to Gates Avenue since May 14, 1885 ; to Manhattan Beach Junction since
June 14, 1885 ; to Alabama Ave. since September 5, 1885 ; Fulton Ferry to Alabama Ave.
s'nce November 11, 1885, and to Van Sicklen Ave. since December 4, 18S5.
Rolling Stock. — Locomotive engines, 30. Cars — passenger, 90 ; flat, 2.
Operations for 9 months ending September 30, 1886. — Train mileage — passenger, 678,122;
other, 1,672 — total, 679,794 miles. Passengers carried, 7,736,865 ; daily average, 28,340.
Etriiings.— Passenger. . . $386,843 25 Expenses.— Transportation $213,433 87
Motive Power 14,765 69
Maintenance of Cars 8,8(>1 70
Maintenance Way ami Buildings. 12,338 36
General 31.C36 67
Total ($41,679.45 per mile) $281,336 29
Miscellaneous 9,061 48
Total ($58,652.55 per mile) $395.904 73
Net earnings (28.94 per cent.), $114,568.44. Add other receipts, $351.55 — total available
revenue, $114,919.99. Payments: Interest on bonds, $165750; on loans, $2,031; taxes,
$1,934.22 — total, $169,715.22. Balance, deficit, $54,795.23; value of materials received from
trustees of B. E. Ry., $26,276.57— net deficit, $28,518.66.
General Balance SJieet, September 30, 1886.
Cost of Road and Equipment $9,689,194 54
Materials and Fuel on Hand 22,034 33
Current Accounts 26.421 93
Cash on Hand 8,254 80
Profit and Loss 28,518 66
Total Assets $9,774,424 2<5
Capital Stock $5,000,000 00
Funded Debt Outstanding 4,750,000 00
Current Accounts 2,156 64
Audited Bills and Pay Rolls 22,267 62
Total Liabilities $9,774,424 26
Funded debt consists of $3,500,000 first mortgage 6. per cent. 40-year bonds, dated Octo-
ber 1, 1884, interest payable April and October, and $1,250,000 second mortgage 30-year bonds,
dated July 1. 1885, interest (3 percent, for three years, and 5 per cent, thereafter) payable
January and July.
Annual meeting first Wednesday in January. Books close thirty days prior thereto.
Trustee of bonds and Registrar of Stock : Central Trust Co., New York, N. Y.
Directors (elected January 5, 1887). — Henry W. Putnam, Henry W. Putnam, Jr., Freder-
ick Uhlmann, Edward Lauterbach, Stephen Pettus, Frederic Martin, Hugo Rothschild, Leon-
ard Lewisohn, Adolf Ladenburg, New York, N. Y. ; A. J. Hardenbergh, Elbcrt Snedeker,
Brooklyn, N. Y.
HENRY W. PUTNAM, President 108 Chambers St., New York, X. Y.
Elbert Snedeker, Vice-President Brooklyn, N. Y.
Sec. and Treat.— Stephen Pettus Brooklyn, N. Y. | Gerteral Manager— Frederic Martin Brooklyn N Y.
Auditor— W. B. Longyear .New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 49 Fulton Street, Brooklyn, N. Y.
Transfer Agency Central Trust Co., New York, N. Y.
POOR'S MANUAL OP HAILEOADS. 119
BBOOKLYN, FLATBUSH AND CONEY ISLAND RAILWAY COMPANY
Line of Road. — Brooklyn (Atlantic Av.), N. Y., to Brighton Beach, N. Y 7.5 miles.
2d track, 7.5 miles ; sidings, 2.36 m. Gauge, 4 ft. 84 in. Rail (steel, 15 m.), 56 Ibs.
History.— Organized October 5, 1877 ; road opened July 2, 1878. Default made on 2d
mortgage bonds October 1,1883. Receiver appointed January 25,. 1884. Default on 1st mort-
gage bonds September 1, 1885, and foreclosure subsequently applied for.
At a meeting of first mortgage bondholders, held November 23, 1886, a committee was
appointed to confer with, second mortgage bondholders with a view to organizing a new com-
pany, the present first mortgage bonds to be exchanged at par for first mortgage bonds of the
new company, such bonds to bear not less than 5 per cent, interest, and not to exceed $600,000
in amount.
Rolling Stock. — Locomotive engines, 8. Cars — passenger, 42; baggage, etc., 2; freight
(box, 1 ; platform, 6), 7 — total, 51. Also, 1 service car.
Operations for year ending September 30, 1886. — Trains run — passenger, 107,900 ; freight
2,404; other, 2,412 — total, 112,716 miles. Passengers carried, 966,795; carried one mile,
6,767,565. Tons freight moved, 829 ; moved one mile, 5,389. Earnings — passenger, $144,-
019.91; freight, $527.90; express, $424.67; other, $2,410.45— total ($19,651.06 per mile),
$147,382.96. Operating expenses — maintenance of way, $35,938.67 ; motive power and cars,
$9,G61.09 ; transportation, $52,211.97— to :.al ($13,041. 5<> per mile), $97,811.73. Net earnings
(33.63 p.c.), $49,571.23. Charges against net earnings : Interest on bonds, $70,000; interest
on debt, $7,843.99 ; other payments, $17,367.95— total. $95,211.94. Deficit, $45,640.71 ; de-
ficit from last year, $35,078.26— total deficit, $80,718.97.
Financial Statement, September 80, 1886.— Capital stock paid in, $496,150 (par, $500,-
000) ; funded debt, $1,000,000 ; bills payable, $69,249 ; current accounts, $52,139.89; interest
on funded debt, $172,865— total, $1,790,403.89. Contra: Cost of road and equipment, $1,-
696,625.90; materials, etc., $1,400; cash balance, $11,659.02; profit and loss, $80,718.97—
total, $1,790,403.89.
Funded debt : 1st mortgage 7 per cent 20-year bonds, payable March 1, 1898, interest
March and September, $500,000 ; 2d mortgage 7 per cent. 10-year bonds, payable October 1,
1889, interest April and October, $500.000. Interest payable at Nassau National Bank,
Brooklyn. Annual meeting, first Monday in September.
Directors (elected September 6, 1886). — Gordon L. Ford, Wm. Marshall, S. H. Herriman,
Frederick A. Schroeder, James Jourdan, B. F. Tracy, Robinson Gill, Geo. W. Chauncey,
Aaron S. Robbins, Abraham Lott, Albert Daggett, George I. Murphy, Brooklyn ; U. A. Mur-
dock, New York City.
JAMES JOUKDAN, Receiver and President Brooklyn, N. Y.
Secretary — E. L. Langford Brooklyn, N. Y. | Treasurer— George W. Chauncey Brooklyn, N. Y.
PRINCIPAL OFFICE AND ADDRESS 346 Fulton Street, Brooklyn, N. Y.
BROOKLYN AND ROCKAWAY BEACH RAILROAD COMPANY.
Line of Road. — East New York, N. Y., to Canarsie Landing, N. Y 3.5 miles.
Sidings, 1 mile. Gauge, 4 ft. 6 in. Rail (steel, 1 mile), 50 Ibs.
History.— Chartered December 24, 1863 ; opened October, 1864.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 13 ; platform (4-wh.), 6.
Operations for year ending September 30, 1886. — Not reported. Earnings — pas-
senger, $38,836.31 ; rents, $4,537 — total, $43,373.31. Expenses, maintenance of way,
$5,330.63 ; motive power and cars, $1,228.22 ; transportation, $17,848.90 ; general, $4,382.24
— total, $28,789.99. Net earnings, $14,583.33; income from other sources, $342.67— total avail-
able revenue, $14,925.99. Payments — interest on bonds, $4,999.81 ; taxes on property,
$637.03 ; other taxes, $237.49— total, $5,874.33. Surplus. $9,051.66.
Financial Statement, September 30, 1886.— Capital stock, $147,500 ; funded debt, 1st
mortgage 7 per cent. 20-year bonds, due April 1, 1889, interest April 15 and October 15, $58,-
120 POOR'S MANUAL OF RAILROADS.
000; bill B payable and loans, $13,796.96; current accounts, $5,498.97; profit and loss, $41,
028.23 — total, $265,824.16. Contra: Construction account, $202,601.51; equipment,
$60,490.37 ; cash, accounts, etc., $2,732.28— total, $265,824.16.
Annual meeting, June 4th.
Directors.— DeWitt C. Littlejohn, S. H. P. Lathrop, Oswego, N. T.; Henry W. Johnson,
S. A. Lathrop, New York City ; William Warner, Canarsie, N. Y.; F. C. Cantine, Orange,
N. J.; Hugh Littlejohn, Kenton, O.
DEWrrr C. LITTLEJOHN, President and Treasurer Oswego, N. Y.
Tice-President— Hugh Littlejohn Kenton, O. | Secretary— Henry W. Johnson New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Canarsie, N. Y.
BUFFALO CREEK TRANSFER RAILROAD COMPANY.
Line of Road. — In the City of Buffalo 1.10 miles.
Sidings, 0.50 mile. Gauge, 4 ft. 8^ in. Rail, 56 Ibs.
History.— Chartered June 23, 1881.
Rolling' Stock. — Locomotive engines, 2.
Financial Statement, September 30, 1886.— Capital stock (authorized, $50,000), $5,000 ;
unfunded debt (real estate mortgage), $45,200 — total, $50,200. Contra: Cost of road and
equipment, $50,000 ; materials, $24.45 ; cash, $175.55— total, $50,200.
Annual meeting, fourth Monday in June. Books close thirty days before annual meeting
and five days before dividend payments. Stock may be voted after 30 days' ownership.
Directors (elected June 28, 1886).— Arthur H.Williams, Horace A. Noble, John L. Wil-
liams, Frank C. Ferguson, Frank F. Williams, John R. Williams, Buffalo, N. Y.; Robert H.
Williams, Oak Ridge, Pa.
HORACE A. NOBLE, President Buffalo, N. Y.
Treasurer— John Williams Buffalo, N. Y. | Secretary— Frank F. Williams Buffalo, N. Y.
PRINCIPAL OFFICE AND ADDRESS 202 Main Street, Buffalo, N. Y.
BUFFALO CREEK RAILROAD COMPANY.
Main Line of Road.— Buffalo, N. Y., to Light House (Harbor) 4.26
Branches : Prenatt Street, 0.78 ; Lake Erie, 0.78 1.56 — 5.82 miles.
2d track, 2.^0 ; sidings, 8.22 miles. Gauge, 4 ft. 8| in. Rail (steel, 9.20 miles), 58 Ibs.
History.— Chartered January 25, 1869 ; road opened June, 1870.
Rolling Stock. — Locomotive engines, 5.
Operations for year ending September 30, 1886.— Train miles, not reported. Ton? freight
moved (coal 1,553,209 ; other, 907,240), 2,460,449. Earnings from freight, $133,396.31.
Operating expenses— maintenance of way, etc , $13,694.90; motive power and cars, $4,604.13 ;
transportation, $29,692.19 ; general, $8,960.50— total, $56,951.72. Net earnings, $76,444.59.
Payments : Interest on bonds, $7,500 ; interest on loans, $7,901.70 ; taxes on property, $7,-
763.77 ; taxes on earnings aud capital stock, $1,263.36— total, $24,428.83. Surplus for the
year, $52,015.76 ; surplus from last year, $169,646.21 ; less uncollectable accounts closed,
$58.69— net, $169,587.52— total surplus to date, $221,603.28.
Financial Statement, September 30. 1886.— Capital stock, $250,000 ; funded debt (1st
mortgage 6 p«r cent. 25-year $1,000 registered bonds, due Januaiy 1, 1907, interest January
and July), $125,000 ; bills payable and loans, $142,000 ; interest on bonds, $1,935 ; vouchers
and pay-rolls, $5,081.94; current accounts, $2.40 ; profit and IOFS, $221,603.28— total, $745,-
622.62. Contra: Construction, $609,599.15; equipment, $41,199.90; current accounts, $94,-
328.33 ; cash, $45.70; due by agents, $449.54— total, $745,622.62.
Annual meeting, third Wednesday in June. Interest payable at Bethlehem, Pa. Trustee
of bonds, Provident Life and Trust Co., Philadelphia, Pa.
Directors (elected in 1885).— F. L. Danforth, Buffalo, N. Y. ; John King, William Libby,
POORS MANUAL OF RAILROADS.
121
S. M. Felton, Jr., New York City; Wm. Stevenson, Sayre, Pa.; Frederick Mercur, Wilkes-
barre, Pa.; William H. Sayre, Bethlehem, Pa.
F. L. DANFORTH, President Buffalo, N. Y.
Secretary and Treas.—Wm. H. Sayre. . . . Bethlehem, Pa. | Svjierintenden(—H. F. Goodman Buffalo, N. Y.
PKINCIPAL OFFICE AND ADDRESS Bethlehem, Pa.
BUFFALO, NEW YORK AND PHILADELPHIA RAILROAD COMPANY.
~e T>™,I . ( Buffalo, N. Y., to Emporium, Pa 120.55
Mam-Lines of Road : j Buffa]o; N Y • to 0/city> Pfl 138.20-258.75 mile?.
Branch Lines Owned 171.10 miles.
Branch Lines Leased 208 0: miles.
Lines used under Trackage Contracts 86.30 miles.
Total length of lines owned, leased and operated 674.16 miles.
Sidings, 156.17 miles. Gauge, 4 ft. 8£ in. and 3 ft. Rail (steel, 481.39 m.), 56, 60, and
67 Ibs.
History. — On the 14th of February, 1883, the existing Buffalo, New York and Philadel-
phia ER. Co. was formed by the union of the Buffalo, New York and Philadelphia Ry., the
Buffalo, Pittsburgh and Western, the Oil City and Chicago, and the Olean and Salamanca
Railroad Companies. (See MANUAL for 1885, pp. 119 and 120 for full sketch of history of
this company.)
The interest of the company in the leased lines is shown in the MANUAL for 1882, page
114 — which see. See, also, statements of the several companies appended hereto.
During 1884, with a view to joining its terminal facilities in Buffalo with those of other
companies, and thereby securing increased accommodations, this company transferred to the
Union Terminal RR. Co. of Buffalo, a corporation organized for that purpose, its property in
Buffalo north and west of the New York, Lackawanna and Western RR. crossing, in consid-
eration for which it received $1,000,000 bonds of the Terminal Co., the latter also guaran-
teeing to the B., N. Y. & P. RR. Co. equal rights and franchises with any other company
interested.
The following statement shows the lengths of the several divisions :
OPERATING DIVISIONS.
LENGTH OP RR.
Total
Track.
[Steel
Rails.
Total.
N. Y.
Penn.
Buffalo Division :
^Buffalo N Y <k Phila EE Buffalo N Y to Emporium, Pa
M.
120.55
22.15
138.20
It). 30
M.
78.65
86.40
M.
41.90
22.15
51.80
16.30
8.90
'22 '.70
6.30
50.20
30.00
36.00
M.
J- 207.14
167.45
16.30
8.90
3.50
j- 218.51
[ 119.89
- 88.64
M.
142.70
116.37
McKean & Buffalo Eli Larabee's Pa to Clermont, Pa
Pittsburgh. Division :
Buffalo N: Y & Phila EE Buffalo N Y to Oil City Pa
8.90
Mayville Extension Eli., Mayville, N. Y., to Chautauqua, N. Y
Buffalo, N. Y. & Phila. ER., Olean, N. Y., to Warren, Pa
Philadelphia and Erie EE Warren Pa , to Irvineton, Pa
3.50
59.70
6 30
3.50
37.00
37.87
Buffalo N Y & Phila EE Irvineton Pa to Oil City, Pa.
50.20
44.90
Jamestown and Franklin E E Oil City Pa to Stoneboro', Pa
30.00 ...
Buffalo N Y & Phila EE Stoneboro', Pa , to New Castle, Pa
36.00
33.54
97.76
[• 8.25
J
Rochester Division :
Genegee Valley Canal EE Rochester N Y to Hinsdale, N Y
98.90
98 90
Genesee Valley Terminal EE Chili N Y to Gates, N. Y . . .
2.46 2.46
Olean, Bradford and Warren EE., Olean, N. Y., to Penn. State Line...
Olean, Bradford and Warren Ey., Penn. State Line to Bradford, Pa...
Bradford EE., Bradford Pa , to Intersection Kinzua RR
12 00 12.00
14.00
14.00
'iiioo
14.00
12.00
18.00
Kinzua EE Intersection Bradford RR to Kinzua RR
12.00 ..,
Kendall and Etdred EE Eldred, Pa., to Tarport. Pa
18.00 .'
\Eochester, N. Y. & Penn. BE., Nunda Junction, N. Y., to Swain's,N.Y.
Totals
11.00 11.00
674.16329.91
344.25
830.33
481.39
* Including 2.31 miles of main track Union Terminal Co. t The B., N. Y. & P. does not operate this road,
but sub-leases it to the Lackawanna and Pittsburgh Co. Its entire capital stock is owned by the B., N. Y. & P.
RR. Co.
122 POOR'S MANUAL— BUFFALO, NEW YORK AND PHILADELPHIA RR. CO.
Rolling Stock.— Standard Gauge : Locomotive engines, 103. Cars — passenger (1st class,
48 ; 2d class, 15), 63 ; observation, 2, combination, 7 ; baggage and mail, 24 ; freight (box,.
751 ; gondola coal, 3,790 ; oil tanks, 39 ; racks, 17 ; flat, 240 ; caboose, 37), 4,874— total (s. g.)
cars, 4,970. Also, 1 directors', 1 paymasters', 14 wrecking and tool cars, 3 snow plows, 1
ditching car, 1 pile driver, 1 flanger, 2 steam shovels, and 2 water tanks for steam shovels.
Narrow Oavge : Locomotive engines, 15. Cars — passenger (1st class, 9 ; 2d class, 7), 16 ;
combination, 1 ; baggage and mail, 6 ; freight (box, 50 ; gondola, 159 ; flat, 111 ; caboose, 2),
822— total, 345.
Operations for year ending September 20, 1886 (663.16 miles). — Trains run— ^assenger,
1,088,113 ; freight, 1,976,181 ; switching, 623,375 ; other, 64,021— total, 3,751,G90 miles. Pas-
sengers carried, 1,215,244 ; carried one mile, 25,223,115 ; average mile rate, 2.91 cents. Tons
freight moved, 2,933,352 ; moved one mile, 375,552,184 ; average mile rate, 0.495 cent.
Earnings.— Passenger $646,344 66
Freight 1,852,585 94
Mail 41,411 12
Express 27,874 72
Miscellaneous 30,35291
Total ($3,918.47 per mile) $2,598,569 35
Expenses.— Maintenance of Way $495,494 12
Motive Power 631,333 73
Maintenance of Cars 152,081 01
Transportation 687,250 97
Miscellaneous 167,457 16
Total ($3,217.36 per mile) $2,133,621 99
Net earnings (17.89 per cenU, $464,947.36. Add : Income from Investments, $25,500—
total, $490,447.36, from which was paid for rentals of leased lines, $61,589.88, leaving a
balance of $428,857.48 applicable to the payment of the fixed charges, etc., for the year as
follows : Interest on bonds, $1,410,380 ; on floating debt, etc., $206,233.73— totul charges,
$1,616,613.73. Deficit of income for year, $1,187,76525: add sundry accounts charged off
during the year, $11,253.03 ; deficit from last year, $1,165,847.12 — total deficit as per balance
sheet, $2,364,856.40.
The cat-h account for the year shows a balance on hand, September 30, 1885, of $123,260.98,
and receipts of $2,759,657.01 — total, $2,882,917.99. Disbursements : Vouchers and payrolls,
$2,428,323.84; interest, discount, etc., $49,256.52 ; mortgages on real estate, $7.500; bills
payable and loans, $46,269.59 ; principal and interest of car and steamboat trusts, $195,109.15 ;
interest on bonds, $124,398.56 ; on real estate mortgages, $24,826.24 — total payments,
$2,875,683.90 ; leaving a balance of cash in banks, $7,234.09.
General Balance Sheet, September 30, 1886.
Construction and Equipment $28,822,190 77
Real Estate 614,580 78
Leasehold Estate 7,000,00000
Stocks and Bonds, Leased Lines 4,657,300 00
Sundry Investments, etc 7,876,4% 34
Materials on hand 93,059 78
Current Accounts 305,945 36
Cash on Hand 7,234 09
Suspense Account 79,40226
Profit and Loss 2,364,856 40
Total Assets $51,721,065 78
Common Stock $13,750,000 00
Preferred Stock and Scrip 6,570,896 88
Income Bonds Convertible into Pref. Stock 23,386 10
Funded Debt 24,447,000 00
Sundry Bonds, Mortgages, etc 2,110,356 66
Bills Payable— Company and.Receiver 1,752.272 60
Vouchers and Pay Rolls 351,006 33
Unpaid andJFunded Coupons 2,624,677 00
Interest on Loans and Sundry Dues 90,870 21
Total Liabilities $51,721,065 78
" Sundiy Bonds and Mortgages:" Bonds and mortgages on real estate, $471,904; car
trusts, $1,628,015.21 ; Chautauqua Steamboat trust, $10,437.45— total, $2,110,356.66. " Sun-
dry Investments, etc.:" Bonds held in trust by U. S. Trust Co., $3,100,000 ; deferred interest
car trusts, $351,763.85; stocks and bonds owned by company, $3,346,112.99 ; Chautauqua
Steamboat Co., $65,834.41 ; Mayvil'e Extension RR. Co., $20.213.83 ; Union Terminal RR.
Co. of Buffalo, $41,525.39 ; Michigan land, $7,190.61 ; Tiouesta and Clarion RR., $8,534.87;
Mahoningtown Extension, $4,134.01 ; equipment furnished by receiver, $140.533.65 ; sinking
fund trust mortgage, $52,000 ; Buffalo Terminal land, $116,028.23 ; funded coupons, $622,-
625— total, $7,876,496.34.
Preferred stock is entitled to 6 per cent, dividends, non-cumulative. Four quarterly cash
dividends of 1J per cent, each were paid on $6,568,200 preferred stock during 1883.
POOR'S MANUAL — BUFFALO, NEW YORK AND PHILADELPHIA RR. CO. 123
Statement of funded debt of Buffalo, New York and Philadelphia RR. Co. :
DESCRIPTION.
Date
Issued.
Interest.
Road
Mortgaged.
Date
Maturity.
Out-
standing.
Annunl
Charges.
B.,KY.&P. Ry. Istmtg.gold.
July 1,1871
6p.c.,Jan.& July
B.,N.Y.,feP.Ry. ,120m.
July 1,1896
I
3,000,000
$
180.000
B.,N.Y.& P. Ry. 2d mtg.gold.
Dec. 1,1878 7 p.c.,M.J.,S.<fcT)
B.,N.Y.&P.Ry.,120m.
Dec. 1,1908
1,00(1.000
70,000
B.,N.Y.& P.Ky.cons.mtg.golil
July 1,1881 6 p.c.,Jan.& July
(See below.)
July 1,1921
6,999,01 '0
419,940
B.,N.Y.&P.RR.l8t mg.T'stLn
1883
6p.c.,May&Nov.
(See below.)
May 1,1923
2,748,000
164,880
Warren & P. RR. Istmortg.
1865
7p.c.,Feb.<fcAug.
W. & F. RR., 57 miles
Feb. 1,1896
1,500.000
105,000
Oil Creek RR. 1st mortgage . .
1862
6p.c.,Apr.&Ort.
O. C. RR., 38 miles...
Apr. 1,1912
573,000
34,380
Union & T. RR., 1st mtge
1870
7 p. c., Jan. & July
U. & T. Line, 25 miles
July 2,1890
500,000
35,000
P., T. & E. Ry. consol. mtge .
1876
7p.c.,Feb.&Ang.
P., T. & B., 120 miles.
Feb. 1,1896
806,000
60,620
B.,P.& W.RR. gen. mtg., >:old
1881
6p.c.,Apr.& Oct.
B.,P.& W.RR. ,255m.
Apr. 1,1921
4,C61.000
243,660
B.,N.Y.& P.RR. gen. mg.,gold
1884
6D.c..Mch.<fcSer>.
Entire Property
Mch. 1.1924
3,200,000
192,000
Total bonds outstanding and interest charges on earn
e
24,447,000
1,505,480
Interest on Ists of 1896 was last paid July, 1885 ; on 2ds of 1908, September, 1885 ; on
Oil Creek Ists, October, 1885 ; on consols, of 1921, one-half cash January, 1885; on trust loan
of 1923, one-half cash November, 1884 : on genera] mortgage of 1924, one-half cash March,
1885; on general mortgage of 1921, one-half cash April, Ib85 ; on Union and Titusville Ists,
3 per cent. January, 1885 ; on P., T. & B. consols., 3 per cent. February, 1885. Interest on
Warren and Farnsworth bonds is paid by Philadelphia and Erie RR. Co.
The consolidated mortgage of the B., N. Y. & P. Ry. is for $11,000,000, of which $4,000,-
000 are reserved to retire prior lien bonds. The outstanding bonds are a first mortgage on
the Qenesee Valley Canal RR., the Rochester, New York and Pennsylvania RR., and on
16,009 acres of coal lands of the Buffalo Coal Co., and are further secured by the stocks of
leased lines held in trust to secure the payment of amounts of their purchase. The 1st mort-
gage trust loan is secured by a deposit of $700,000 1st mortgage bonds of the Glean and Sala-
manca RR. Co., $500,000 1st mortgage bonds of the Genesee Valley Terminal RR. Co.,
$1,600,000 1st mortgage gold bonds of the Oil City and Chicago RR. Co., and $300,000 bonds
of the Northwestern Coal and Iron Co. The general mortgage of the B., P. & W. RR. is
for $7,500,000, of which $3,439,000 are prior lien bonds. The Oil Creek bonds (originally 7
per cent.) became due in 1882, and were renewed as registered bonds at the reduced rate of
6 per cent.
Of the new general mortgage 6 per cent, bonds ($24,500,000 authorized), $21,300,000 are
to be used in retiring previous issues, and the balance in providing additional rolling stock,
and for other purposes. This company owns $1,500,000 of the $3,200,000 reported out-
standing.
Annual meeting, second Monday in January. Books close for annual meeting about ten
days prior thereto. Securities libted as follows : On Philadelphia Stock Exchange, common
stock (275,000 shares) $13,750,000 ; preferred (132,000 t-hares), $6,600,000 ; W. & F. RR. 1st
mortgage bonds, $1,500,000 ; 0. C. RR. 1st mortgage, $573,000 ; U. & T. RR. 1st mortgage,
$500,00; P., T. & B. Ry. consolidated mortgage, $866,000; B., P. & W. RR. general mortgage,
$4,061,000; B.,N. Y.'&P. Ry. 1st mortgage, $3,000,000; 2d mortgage, $1,000,000; consoli-
dated mortgage, $7,0^0,000. On the New York Stock Exchange the entire issu~ of the B.,
N. Y. & P. Ry. consolidated mortgage bonds, $11,000,000, and of the new 6 per cent, general
mortgage, $3,700,000, are listed. On the Exchange in Frankfort, Germany, the entire $11,-
000,000 B., N. Y.& P. Ry. consolidated mortgage bonds and $7,500,000 B., P. & W. RR. gen-
eral mortgage bonds are listed. The amounts of same issues listed in Philadelphia represent
the actual amounts outstanding.
In 1884 the net earnings proving insufficient to meet the company's fixed interest charges,
a plan for the financial relief of the company was proposed ; but failing to receive the sup-
port of a majority of the security holders, it was abandoned. The road was placed in the
hands of a receiver March 20, 1885.
In February, 1886, a new plan for the reorganization of this company was announced.
It provides for assessments of $4 per share on preferred, and $6 per share on common stock ;
124 POOR'S MANUAL OF RAILROADS.
for the foreclosure of this company's existing mortgages, and the formation of a new com-
pany, to be known as the Western New York and Pennsylvania Railroad Company, whose
securities shall consist of $10,000,000 first mortgage 50-year 5 per cent, gold bonds, $20,000,-
000 second mortgage 40-year gold bonds, and $30,000,000 common stock, and shall be
issued as follows : $6,073,000 of the new first mortgage bonds in exchange for the out-
standing B., N. Y. & P. first and second mortgage, the Warren and Franklin, and the Oil
Creek bonds ; $1,427,000 to be used in the reorganization with certain restrictions, and
the remaining $2,500,000 to be applicable after reorganization to after-acquired property
which shall come under the mortgage, with the condition that the dissent of three directors
shall prevent the issue of the first million of such bonds, and the dissent of two directors
the issue of the remainder. Of the second mortgage bonds $16,377,000 are to be issued in
exchange for the bonds outstanding and not provided for above, $2, 160, 000 dollar for dollar
to holders of common and preferred stocks in settlement of assessments to be paid by them
as above, and $1,463,000 in the settlement with the car trusts and floating debt. Of the
common stock $20,000,000 is to be issued dollar for dollar for the old common and preferted
stocks, the remaining $10,000,000 to be held by the company for future requirements. The
second mortgage bonds will be secured by a second mortgage on the railroad, a first lien on
terminals, coal and equipment, subject to lease of terminals and equipments to first mort-
gage, should second mortgage be foreclosed, and shall bear interest at three per cent, for 10
years, and thereafter four per cent., with provision for payment of interest in cash and
interest-bearing scrip during first five years, should earnings prove insufficient. Stock will
be entitled to dividends of three per cent, after paying interest on above bonds and scrip,
and shall share equally with second mortgage bondholders in any surplus over such dividend,
but bondholders shall not receive more than seven per cent, in all. With the cash to be
contributed by stockholders it is proposed to pay reorganization expenses, overdue coupons,
etc., car trusts, floating debt, and real estate mortgages, as well as improve the terminal
facilities, etc. The Union Terminal bonds and stock which will be released by settlement of
floating debt are to be deposited as additional security for the second mortgage bonds. Hold-
ers of second mortgage bonds will have right for five years of electing four members of
Board of Directors, including the Vice-P resident.
In furtherance of this plan, a decree of foreclosure of the first and second mortgages for
$4,000,000 has recently been granted by the Supreme Court of New York, and suits are now
pending in the U. S. Circuit Courts of Pennsylvania and New York for foreclosure of all the
other mortgages (March, 1887).
RAILROADS LEASED OR OWNED BY THE BUFFALO, NEW YORK AND PHILADELPHIA RAIL-
ROAD Co.
BRADFORD RAILWAY.— Bradford, Pa., to intersection Kinzna RR., 14 miles. Gauge, 3 ft. Rail,
40 Ibs. Opened in July, 1881. Leased to the Buffalo, New York and Philadelphia RR. Co., which owns the en-
tire capital stock. Capital stock, $100,000. G. CLINTON GARDNER, President, C. H. Allen, ~\1ce- President,
New York, N. Y.; J. R. Trimble, Treasurer and Secretary, Philadelphia, Pa.
BUFFALO COAL CO.— This corporation is owner of 16,000 acres of coal lands located at Clermont,
Buell, Ti-Kix'/fi; Knsign Bennett, General Manager, Buffalo, N. Y.
KINZTJA RAILWAY.— Intersection Bradford RR. to Kinzua, 12 miles. Cause, 3 feet. Rail, 40 Ibs.
Leased to tin- Buffalo, New York and Philadelphia RR. Co., which owns the entire capital stock— $100,000. G.
CLINTON GAUDS KH, President, C. H. Allen, Vice- President, New York, N. Y.; J. R. Trimble, Secretary and
Treasurer, Philadelphia, Pa.
KENDALL AND ELDRED RAILROAD.— Eldred, Pa., to Tarport, Pa., 18 miles. Gauge, 3 feet.
Rail, 30 11)8. Opened July 30, 1877. Leased to the Buffalo, New York and Philadelphia RR. Co., which owns its
entire r.pital NOck— flMMDOl G. CLINTON OAKDXEU, President, C. II. Allen, Vice-President, New York, N. Y.;
J. R. Trimble, S,cretanj and Treasurer, Philadelphia, Pa.
GENESEE VALLEY CANAL RAILROAD.— Ilinsdale, N. Y., to Rochester, N. Y., 98.90 miles,
(tailor. 4 ft. n in. chartered July 15, issn : mad completed in 1882. Leased to the Buffalo, New York and Phil-
adelphia RR. Co., which owns entire capital stock— $1,140,000. ARCHBU N. MARTIN, President, New York City;
J. It. Trimble. Sirrttary and Treasurer, Philadelphia, Pa.
GENESEE VALLEY TERMINAL RAILROAD.-Chili, N. Y. (6. V.C. RR.), to Gates (N. Y. C.
& II. It. RR.), New ^ ork, t.-M mile*. Gauge, 4 ft. 8i in. Rail (steel, 2.46 miles), 56 Ibs. Chartered August 14,
1888. Leased to Buffalo, New York and Philadelphia RR. Co. Capital stock, $500,000 ; 1st mortgage bonds,
$600,000. G. CLINTON GARDNKU, President, C. H. Allen, Yice-Presidsnt, New York, N. Y.; J. R. Trimble, Secre-
tary and Treasurer, Philadelphia, Pa.
POOR'S MANUAL OP RAILROADS. 125
McKEAN AND BUFFALO RAILROAD.— Larabee, Pa., to Clermr nt. Pa., 22.15 miles. Gauge, 4
t. ?| in. Leased to the Buffalo, New York and Philadelphia RR. Co., which owns its entire capital stock (par
$50)— $400,000. G. CLINTON GARDNER, President, C. H. Allen, Vice- President, New York, N. Y.; J. R. Trimble,
Secretary and Treasurer, Philadelphia, Pa.
MAYVILLE EXTENSION RAILROAD.-Mayville, N. Y., to Chautauqna, N. Y., 3.50 miles.
Chartered June 4, 1881 ; opened June 20, 1881. Leased for 999 years to the B.. P. & W. RR. Co., at an an-
nual rental of 35 per cent, of its gross receipts. Lease transferred to the consolidated B., N. Y. & P. RR. Co.
Road built by the B., P. & W. RR. Co., which was to be reimbursed the cost of construction out of the rental
Capital stock, $50,000. The total cost was $19,944.01. A. N. MARTIN, President: C. E. Kunball, Secretary and
Treasurer, New York, N. Y.
OLEAN, BRADFORD AND WARREN RAILROAD.-Olean, N. Y., to Penn. State Line, 12.00
miles. Gauge, 3 feet. Rail, 35 and 40 Ibs. Organized October 17, 1877 ; opened in 1878. Leased to Buffalo, New
York and Philadelphia Ry. Co., which owns its entire capital stock. Capital stock, $150,000 ; profit and loss,
$23,8015.21— total, $172,806.21. Contra: Cost of road and equipment, $147,982.34; B., N. Y. <fc P. RR lease ac-
count, $24,823.87. G. CLINTON GARDNER, President, C. H. Allen, Vice- President, New York, N. Y.: J. R. Trim-
ble, Secretary and Treasurer, Philadelphia, Pa.
CLEAN, BRADFORD AND WARREN RAILWAY.— New York State Line to Bradfc -d, Pa.,
14 miles. Gauge, 3 feet. Rail, 40 Ibs. Road opened in 1878. Leased to the Buffalo, New York and Philadelphia
RR. Co., which owns its entire capital stock. Capital stock, $150,000. G. CLINTON GARDNER, President, C H.
Allen, Vice-President, New York, N. Y.; J. R. Trimble, Secretary and Treasurer, Philadelphia, Pa.
Board of Directors B., 2V. Y. & P. RR. Co., elected January 10, 1887.
G. Clinton Gardner.Greenfleld, Mass.
C. H. Clark Philadelphia, Pa.
Joseph S. Harris.. Philadelphia, Pa.
Bryce Gray New York, N. Y.
B. C. Rumsey
B. K. Jamison Philadelphia, Pa.
E. W. Clark Philadelphia, Pa.
Isaac N. Seligman. New York, N. Y.
P. P. Pratt Buffalo, N. Y
E. F. Winelow New York, N. Y.
A. N. Martin New York, N. Y.
C. H. Allen New York, N. Y.
E. L. Owen New York, N. Y.
Buffalo, N. Y.
G. CLINTON GARDNER, President and Receiver. .Mills Building, N. Y. City.
1st Vice-Pres.—CaMn H. Allen. Mills Building, N. Y. C.
Zd Vice-Pres.— Archer N.Martin. 34 Pine Street. N. Y. C.
Auditor— William L. Doyle Buffalo, N. Y.
Secretary— Joseph R. Trimble Philadelphia, Pa.
Treasurer— John Dougherty New York, N. Y.
Genl. Supt.—Qeo. S. Gatchell Buffalo, N. Y.
Registrar— The Fidelity Insurance, Trust and Deposit Co., Phlla., Pa.
liegiktrar of Trans, in New York U. S. Trust Co. | Transfer Agency in New York Company's Office.
PRINCIPAL OFFICE AND ADDRESS Mills Building, New York City.
PRINCIPAL OFFICE IN PENNSYLVANIA 242 South Third St., Philadelphia.
BUFFALO, ROCHESTER AND PITTSBURGH RAILWAY COMPANY.
Main Line of Road. — Rochester, N. Y., to Pennsylvania State Line.120.93
Buffalo Division : Buffalo, N. Y., to Ashford, N. Y 45.17—166.10 miles.
Leased : Perry RR., Silver Lake Junction to Silver Springs, N. Y 1.03 miles.
m , ( Buffalo Creek RR., Buffalo Creek to East Buffalo, N. Y. . ) 0 nn ... „
Trackage : j ^ ^ a & H R ^ ^ Buga]o w Buffa)o Jreekj N y J 2.00 miles.
Operated : Pittsburgh and State Line Railroad and Branches 78.51
Trackage : N. Y., L. E. & W. RR., How'd June, to Clarion June., Pa. 36.23—114.74 miles.
Total length of lines operated 283.87 miles.
2d track, 1.86 ; sidings, 41.08 m. Gauge. 4 ft. 8£ in. Rail (steel, 166.18 m.), 56, 60 and 70 Ibs.
History. — The Rochester and State Line Ry. Co. was organized October 6, 1869 ; road
opened from Rochester to Leroy, 25.20 miles in 1874, and extended 83.21 miles, to Salamanca,
May 15, 1878. Defaulted January 1, 1880, and receiver appointed June 7, 1880. Sold under
foreclosure January 8, 1881, and company reorganized February 1, 1881, under the title of
Rochester and Pittsburgh RR. Co.
In 1881 three companies were organized in New York in the interest of the Rochester
and Pittsburgh, namely : The Rochester and Charlotte, to build from Rochester to Charlotte,
on Lake Ontario ; the Buffalo, Rochester and Pittsburgh, to build from Buffalo to Ashford,
on the main line ; and the Great Valley and Bradford, to build from Great Valley to the
Pennsylvania Line. At the same time the Bradford and State Line and the Pittsburgh and
New York were organized in Pennsylvania to extend the road from the State Line to Brook-
ville, Pa. These several companies were consolidated into the Rochester and Pittsburgh in
1882. The line from Rochester to Charlotte has never been built ; the progress of construc-
tion on the other extensions is shown below. In 1882 the road was completed from Bradford
Junction 1.33 miles north of Salamanca, N. Y., south to Howard Junction, Pa., 21.09 miles;
from Clarion Junction to Ridgway, Pa.; 9.08 miles; from Dubois to Falls Creek, Pa., 2.09
miles ; a total of 32.26 miles of the Great Valley-Pittsburgh line in that year. On the Buffalo
Division track was laid from Buffalo Creek to Hamburg, 7.93 miles, and from Ashford to
126 POOR'S MANUAL— BUFFALO, ROCHESTER AND PITTSBURGH RY. CO.
West Valley, 6.34 jniles. In the following year the road was completed by laying from Ham-
burg to \\e*t Valley, N. T., 30.98 miles ; from Ridgway to Falls Creek, Pa., 30 miles ; and
from Dubois to Wal.-ton Junction, Pa., 22.91 miles. The Beech Tree and Walston Mines
Branches were also built in 1883. (See MANUAL for 1884, page 183.)
An issue of $10,000,000 stock, doubling the capital of the company, wns made in 1883,
the new stock being used in cancelling an intended issue of $3,200,000 income bonds of the
Buffnlo Division and in purchasing the capital stocks of the Rochester and Pittsburgh Coal
and Iron Co. and the Brockwayviile and Punxutawney RR. Co., under the charter of which
latter the road from Young Township to Punxutawney, Pa., was built and opened September
30, 1883. In the same year the company purchased the franchises and capital stock of the
East Buffalo Terminal RR. Co. of Buffalo, having the right to build from Howard St. in East
Buffalo into the heart of the city.
In November, 1883, the directors authorized an issue of $4,000,000 2d mortgage consoli-
dated bonds, secured on the entire property of the company, the proceeds to be used in pro-
viding $700,000 worth of new equipment, in retiring $600,000 3d mortgage terminal bonds
issued earlier in the same year, and in liquidating the floating debt. Of these $2,800,000
were issued February 1, 1884, but $1,132,500 only were taken, so that to meet pressing de-
mands the company was forced to hypothecate the remainder, which were subsequently sold
to cancel the loans. Default was made in payment of the first coupon, due in August, 1884,
on these bonds, and the road was sold under foreclosure on October 17, 1885 ; bid in for
$1,100,000 by Adrian Iselin, representing the 3d mortgage bondholders.
A plan of reorganization was agreed upon which called for the formation of two new
companies, one to acquire the part of the road lying within the State of New York and the
other the Pennsylvania portion, the two to be ultimately consolidated under the title of Buf-
falo, Rochester and Pittsburgh Ry. Co., with a capital of $6,000,000 preferred and $6,000,000
common stock, the latter issue including $1,200,000 representing the Pennsylvania section.
The common stock was issued at the rate of one share for four in exchange for the stock of
the old company. The preferred was subscribed for at, par and the proceeds used to pay off
the 2d mortgage bonds and floating debt.
Under the terms of this plan the Buffalo, Rochester and Pittsburgh RR. Co. was organ-
ized in the State of New York, on October 24, 1885, and acquired the property in that State.
The Pitti-burgh and State Line RR. Co. was organized and acquired the property in Pennsyl-
vania. In consequence of litigation attending the transfer of the properly in Pennsylvania
under which the portion of the road in that State was placed in the hands of a receiver on
March 23, 18^6, the final consolidation of the two corporations was not effected until March
11, 1887, when the receivership was dissolved.
The track of the New York, Lake Erie and Western RR. is used at an annual rental of
$55,200 and a proportionate share of maintenance. The company's trains run into Pitts-
burgh from Falls Creek on a pro-Tata basis over the tracks of the Allegheny Valley RR.
under the terms of a contract made with the Pennsylvania RR. Co. in 1882.
Rolling1 Stock, September 30, 1886. — Locomotive engines, 60. Cars— passenger, 30 ;
baggage, mail and express, 12 ; freight (box, 868 ; caboose, 84 ; stock, 10 ; platform, 200 ;
coal, 3,028), 4,140 — total, 4,182. Also, 137 other cars and 1 locomotive tender.
Operations for year ending September 30, 1886 (283.87 miles).— Trains run— passenger,
359,109 ; freight and mixed, 590,603; other, 57,318— total, 1,005,090 miles. Passengers car-
ried, 318,779 ; carried one mile, 7,498,146. Tons freight moved, 1,326,084; moved one mile,
149.719,548.
Earnings.— PiiKsenger $190,381 93
Freight 1,080,333 12
Mail 16,77580
Express 8,933 91
Miscellaneous .'... 2,922 08
Total ($4,576.03 per mile) $1,299,362 44
Expenses.— Transportation $352,456 80
Motive Power 261,978 07
Maintenance of Cars 115,376 12
Maintenance of Way 206.799 13
General and Taxes 66,046 15
Total ($3,531.10 per mile) $1,002,656 27
Net earnings (22.85 per cent.), $296,706.17 ; add receipts from investments, $90,000 ;
POORS MANUAL OF RAILROADS.
127
other, $3,650.87 ; available revenue, $390,357.04. Payments : Interest on bonds, $352,100.43 ;
other interest, $928.55 ; rental, N. Y., L. E. & W. Ry. track, $55,200— total, $408,234.98.
Deficit, $17,877.94.
General Balance Sheet, September 30, 1886.
Cost of Road
Equipment 1,994,902 53
Stocks and Bonds 1,028,670 50
Redemption Fund 1,778,000 00
Preferred Stock Subscriptions Due 308,003 71
Materials and Supplies 103,170 68
Cash and Cash Assets 249,779 77
Profit and Loss 17,877 94
Common Stock 84,800,000 00
Preferred Stock 6,000,000 00
Funded Debt 8,091,07000
Pay Bolls and Vouchers Audited 158,147 19
Current Accounts 20,850 47
Interest Due and Accrued 109,254 13
Total Assets $19,179,321 79 Total Liabilities .
Statement of funded debt, September 30, 1886 :
$19,179,321 79
Description of Bonds and Property Mortgaged.
Date.
Interest.
Author-
ized.
Out-
standing.
1st mortg. (R. & P.), Rochester to Salamanca . .
Income 2d mortg., Rochester to Salamanca. . .
l=t m. (Perry RR.), Silver Lake Jc. to Silver Sp's.
Consol. 1st mortg., Entire Road
M.
108.42
108.42
1.03
258.00
nually.
Feb. 1, 1881-1921
Feb. 1, 1881-1921
June 1, 1882-1902
Dec. 1, 1872-1922
6 p. c.
6 p. c.
7 p. c.
6 p. c.
7 p. c.
Feb. <fe Aug.
Feb. & Aug.
June & DL-C.
Dec. & June
Mch. & Sep.
$
1,300,000
1,870,000
20,000
6,500,000
$
1,300,000
1,870,000
20,000
3,920,000
138,000
447,000
99,000
104,000
193,000
70
Car Trust Certificates, No. 1, payable $20,000 an
Car Trust Certificates, No. 2, payable $50,000 an
Car Trust Certificates, No. 3, payable $50,000 an
Car Trust Certificates No 4
nually
dually
7 p. c.
7 p. c.
Ap'l & Oct.
May & Nov.
Car Trust Certificates, No. 5 '.
Rochester and State Line RR., Reorganization 5
Scrip
Income bonds are non-cumulative ; interest payable yearly in February, if earned.
Stock and bonds listed on New York Stock Exchange. Annual meeting, third Monday
in November. Books close for annual meeting 20 days prior thereto, and remain closed
22 days. Interest paid by Union Trust Co., New York City. Tiustees of bonds and registrar
of stock, Union Trust Co., New York, N. Y.
The consolidated 1st mortgage bonds are limited in issue to $20,000 per mile of com-
pleted road. The mileage of the company would permit the issue of $5,220,000 (which in-
cludes bonds provided by the mortgage to be issutd on sidings in cities of Buffalo and
Rochester, at the rate of $20,000 per mile), but of this amount $1,800,000 are held by the
trustee to cover the outstanding $1,300,000 1st mortgage bonds on the Rochester Division.
Of the remaining $3,920,000 that could be issued, $935,000 were reserved to take up the
$1,870,000 2d mortgage bonds of the Rochester Division. Of this amount $696,000 have
been issued, and $1,392,000 of the income bonds received by the trustee, making the actual
amount of consols outstanding September 30, 18-6, $3,681,000 of which $1,560,000 are ap-
portioned to the Pennsylvania Division. Of the 1st consols $239,000 are still held by the
trustee to redeem $478,000 outstanding income bonds.
RAILROADS OWNED, LEASED OR OPERATED BY THE BUFFALO, ROCHESTER AND PITTSBT:EGH
RY. Co.
PITTSBURGH AND STATE LINE RAILROAD.— New York State Line to Walston Junction,
Pn. (108.88 miles, including trackage rights over N. Y., L. E. & W. RR., 30.23 miles, leaving owned), 72.65 miles ;
Beech Tree Junction to Beech Tree Mines, 4.04 ; Walston Junction to Walston Mines, 1.82— total (operated, 114.-
74), 78.51 miles. Sidings, 26.49 miles. Rail (all steel), 58 and 60 Ibs. The mileage of the Brockwayville and
Punxtitawney RR. (which see) is included in the main line. This company was organized in October, 1885, to
acquire the Pennsylvania portion of the Rochester and Pittsburgh RR. and with a view to ultimately consolidating
with the Buffalo, Rochester and Pittsburgh of New York. The capital stock was set at $1,200,000, shares $50
each. All accounts are included in those of the Buffalo, Rochester and Pittsburgh, which see. Directors : Colum-
bus O. D. Iselin, Fred. A. Brown, Thomas F. Wentworth, New York, N. Y.; Franklin P'att, E. G. Platt, Victor
Gnilton, Robert D. Maxwell, Philadelphia, Pa. Officers : FRANKLIN PLATT, President, Philadelphia, Pa.; C. O. D.
Iselin, 'j'reumrer ; T. F. Wentworth, secretary, New York, N. Y. OFFICES : 615 Walnut St., Philadelphia, aud
Rochester, N. Y.
PERRY RAILROAD.— Gainesville, N. Y., to Silvrr Lake Junction, N. Y., 1.03 miles— total track, 1.23
miles. Rail, 5(3 Ibs. Chartered May 9, 1882 ; road opened August, 1882. Built by the Rochester and Pittsburgh
RR. Co. under the terms of a running contract made in 1881-82 with the Silver Lake RR. Co., providing for tne
construction of a connecting link of railroad between Silver Springs and Silver Lake Junction. Operations in-
cluded ir> report of Rochester and Pittsburgh RR. Co., which owns the entire capital stock. Capital stock (author-
ized, §20,(X)0) ; paid in, $8,2.:3.53 : funded debt, $20,000 first mortgage 7 per cent. 20-year bonds, dated June 1,
1882, guaranteed by the R. & P. RR. Co.; interest payable June 1st— total stock and bonds, representing cost of
road, ^^8,253.53.
128
POOR'S MANUAL OF RAILROADS.
BROCKWAYVILLE AND PUNXSUTAWNEY BAILKO AD -PnnxsntawTiey Pa. to Young
Town-hip. PH., 25 miles. Thin road is lcn>cd to tin- Rochester and Pltwrargb KK. Co., which built the track and
owns it iirrording to lease. Capital stock. tUOjOOO, representing cost of road. W ALSTON H. BKOWN, Prtxident ,
Fn-<l \ Brown, Treasurer; Thomas F. Wentworth, Secretary, New YorK, N. Y.; John F. Dinkey, Auditor and
AsriKtant Treasurer, Rochester, N. Y. GKNEKAL OFFICES, 615 Walnut St., Philadelphia, and 20 Nassau St., New
York.
Board of Directors B., R. & P. Ry. Co., elected November 15, 1886.
Walston H. Brown. New York, N. Y.
Fred. A. Brown... .Now York, N. Y.
Adrian Iselin New York. N. Y.
Adrian Iselin, Jr . .New York, N. Y.
Fred.D.Tappan,Sr.New York, N. Y.
J. Kennedy Tod.. ..New York, N. Y.
W. II. Peckham . . .New York, N. Y.
Richard.. New York, N. Y.
John G. Nesser. . . . New York, N. Y.
Henrv I. Barbey...N'-w York, N. Y.
John'H. Hocart....N''w York, N. Y.
Alfred Roosevelt ..New York, N. Y.
A. H. Stevens New York, N. Y.
WALSTON H. BROWN, President New York City.
Secretary— Thomas F. Wentworth . . . New York, N. Y. | Treasurer— Fred. A. Brown New York, N. Y.
Gen. Manager— Q. E. Merchant Rochester, N. Y. I Auditor— John F. Dinkey Rochester, N. Y.
PKINC IPAL OFFICE AND ADDRESS Rochester, N. Y.
Financial Office . . 20 Nassau Street, New York City.
CAMDEN AND ATLANTIC RAILROAD COMPANY.
Main Line of Road.— Camden, N. J., to Atlantic City, N. J 58.71 miles.
South A tlaxtic Brunch : Atlantic City to Longport, N. J 7.05 miles.
Contract : Philadelphia, Marlton and Medford RR 11.51 miles.
Total length of lines operated 77.27 miles.
2d track, 9.14 ; sidings, 22.98 miles. Gauge, 4 ft. 9 in. Rail (steel, 34.40 m.) 40 to 60 Ibs.
History. — Chartered March 19, 1852 ; main line opened July 4, 1854. The company
operates two ferries across the Delaware River (1 mile each), and a horse railroad at Atlantic
City. The South Atlantic Branch was opened to South Atlantic City, 5.71 miles, in 1882,
and completed to Longport in 18S4.
Rolling' Stock. — Locomotive engines, 18, Cars — passenger, 47 ; combination, 8 ; bag-
gage, mail, etc., 7 ; freight (box, 64 ; gondola, 56 ; platform, 22 ; lime, 13), 155— total, 223.
Also, 59 service, and 3 other cars. The company owns 3 ferryboats, and operates one owned
by K. & N. J. Ferry Co. The company also operates 18 street cars in connection with Atlan-
tic City Street Road.
Operations for year ending December 31, 1886. — Trains run — passenger, 374,641 ; freight,
90,351 ; other, 7,966 — total, 472,958 miles. Passengers carried, 1,183,832 ; carried one mile,
24,750,703; average rate per mile, 1.70 cents. Tons freight moved, 144,205; moved one
mile, 3,168,615 ; average rate per mile, 3.61 cents.
Earnings.— Passenger $421,964 18
Freight 114,591 31
Express and Mail 41,725 61
Rent 20,80988
Expense*.— Maintenance of Way ............ $85,534 16
Motive Power and Cars .......... 143,390 74
Transportation ................. 225,405 86
Miscellaneous .................. 14,984 80
Total ($6,073.71; p»r mile ................ $469,315 56
Other receipts : Interest, $2,040; sundries,
Total ($7,753.21 per mile) $599,090 98
Net earnings (21.66 per cent.), $129,775.42.
$18,702.56— total, $20,802.56. Available revenue, $150,577.98. Payments: Interest on
funded debt. $85,120 ; on mortgages and ground rents, $5,039; other interest, $1,794.33 ; net
earnings — Phil., Marl. & Med. RR., $2,443.53 ; net earnings Kensington and New Jersey
Ferry, $4,570.81— total, $98,907.67. Balance, surplus, $51,610.31.
Statement of earnings and expenses, by subdivisions, of the Camden and Atlantic RR.
Company for year ending December 31, 1886 :
Main Line. &
Atlantic city
Horse Cars.
Vine Street
Ferry.
Sonth Atlnn'c
City Br.
Phi la., M'irl.
& Med. RR.
Kensington &
N. J. Feny.
Total.
Gross Earnings
482.368 11
63,271 78
8 153 07
22 039 66
• >•)" .>^v( 'fa
599 090 98
Operating K.\pcn»e*
Net Karnings
888,751 68
'.M.iiiu 43
S»,9:« 11
23,338 67
7,84709
805 98
19,596 13
2 443 53
18,687 55
4 570 81
469,315 56
POORS MANUAL OF RAILROADS.
129
Profit and Loss Account, December 31, 1886.
Reduction of P., M. & M. RR. Stock $26,260 00
Depreciation of Express Equipment 2,039 85
Expended for Improvements 13,208 19
Sundry Accounts 2,853 51
Balance, .December 31, 1886 88,869 41
$133,220 40
Balance, December 31, 1885 $81.008 61
Balance of Old Voucher Account 189 39
Stock and Bond Scrip Accounts 412 15
Net Income for 1838 51,610 31
$133,220 4(5
General Balance Sheet, December 31, 1886.
Construction $2,152,060 91
Equipment 383,229 00— $2,535,289 91
Real Estate 87,499 43
Stocks and Bonds 79,969 04
Materials and Supplies 50,069 23
P., M. and M. RR. Co 884 56
Due from Agents and Companies 26,316 14
May's Landing & Egg Harbor RR. Co 100 00
Cash on Hand 73,80261
Capital Stock ($50), Common. . . . $377,400
Capital Stock, Preferred 879,700— $1,257,100 00
Funded Debt 1,337,000 00
Bonds and Mortgages
Dividend Scrip Outstanding
Interest, Vouchers and Dividends Unpaid. .
Due Foreign Roads
Profit and Loss . . .
Total Assets $2,853,930 92 Total Liabilities.
Statement of earnings, expenses, and dividends for eight years :
JS,900 00
994 25
56,628 24
19,439 02
88,869 41
.$2,853,930 92
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Earnings
$
311,538
82,888
93,742
$
292,590
106,959
98,022
269,511
121,912
111,097
S
311,785
107,688
130,933
$
371,199
144,975
51,656
$
372,303
135,954
48,437
$
398,416
113,397
49,534
$
483,979
119,779
55,333
Freight Earnings
Miscellaneous
Gross Earnings
488,168
2'J3,346
497,571
366,527
502,520
371,364
550,406
360,084
567,850
302,068
556,694
471,056
561,347
427,204
599,091
469,316
Operating Expenses
Net Earnings
194,822
(3|) 29,335
131,034
(3|) 29,665
(8j) 12,879
131,156
190,322
(4) 34,872
175,782
(7) 61,432
85,638
134,143
129,775
(3) 26,391
Dividends Preferred
Dividends, Common. .
Funded debt consisted, December 31, 1886, of :
1st mortgage 7 per cent. 20-year gold bonds, due Jan. 1, 1893, interest Jan. and July. $490,000
2d mortgage 6 per cent. 25-year currency bonds, due Oct. 1, 1904, int. April and Oct. 497,000
Consolidated mortgage 6 per cent. 20-year bonds, due July 1, 1902, int-. Jan. and July. 350,000
The first mortgage was made in 1853, and extended in 1873 ; the second in 1854 at 7 per
cent. , and extended in 1879 at 6 per cent. Interest payable at the Farmers' and Mechanics'
Bank, Philadelphia. Bonds are for $1,000 each, coupon or registered.
Annual meeting, fourth Thursday in February. Books do not close, but stock voted must
have been held 30 days previously. Stock and bonds listed on Philadelphia Stock Exchange.
PHILADELPHIA, MARLTON AND MEDFOBD RAILROAD.— Haddenfleld Junction, N.
J., 1o Medr'ord, 11.51 miles ; total track (steel), 12.29 miles'. Gauge, 4 ft. 8$ in. Rail, 56 to 601bs. Chartered
January 7, 18*0. Road opened October 11, 1881. Operated by Camden and Allan; ic RR. Co. for net earnings— in
1836, §,!,443.53 ; paid interest on bonds, $4,5UO— deficit, $2,116.47. financial Statement, December 31, T 1886.—
Ca
Of j-i iui tvv . „..„ „..« .^^^ _, -
January I, 1896. Inte'reft payable atTstate Bank, Camdeu, N. J. GEOKGE B. ROBERT.-, President; D. M. Zim-
merman, Secretary, Camden, N. J.; William Taylor, Treasurer, Philadelphia, Pa. CORPORATE OFFICE, Carn-
deii, N. J.
Board of Directors C. & A. ER. Co., elected February 24, 1887.
William L. Elkins. Philadelphia, Pa.
William C. Dayton. . .Camden, N. J.
George B. Roberts. Philadelphia, Pa.
Rich'd D. Barclay. Philadelphia, Pa.
Thomas H. Dudley. . .Camden. N. J.
Jos. N. DuBarry... Philadelphia, Pa.
Wm. C. Houston. . . Philadelphia, Pa.
Henry D. Welsh. ..Philadelphia, Pa.
William Bettle Camden, N. J.
John B. Hay Malaga, N. J.
Enoch A. Doughty. . . Absecon, N. J.
r , . ... Edmund E. Read . . . .Camdeu, N. J.
Crawford Miller Camden, N.' J.
GEORGE B. ROBERTS?, President Philadelphia, Pa.
William J. Sewell, Vice-President Camden, N. J.
Secretary— Daniel M. Zimmerman Camden, N. J. | Treasurer— William Taylor Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Camden, N. J.
9
130 POOR'S MANUAL OF RAILROADS.
CAMDEN, GLOUCESTER AND MOUNT EPHRAIM RAILWAY COMPANY.
Line of Road.— Camden, N. J., to Mount Ephraim, N. J 4.86 miles.
Sidings, 0.31 mile. Gauge, 8 ft. Rail, 35 Ibs.
Rolling Stock.— Not reported.
Operations for year ending December 31, 1886.— Gross earnings, $30,904.30. Operating
expenses, $27,147.32. Net earnings, $3,756.98.
Financial Statement, December 31, 1886.— Capital stock, $65,000 ; funded debt, $62,100 ;
floating debt, $7,000— tott.1, $134,100. Cost of road, etc., $81,866.89.
JAMES P. MICHELLON, President Camden, N. J.
F. P. Pfeiffer, Secretary and Treasurer Camden, N. J.
PHINCIPAL. OFFICE AND ADDRESS Camden, N. J.
CAPE MAY AND SEWELL'S POINT RAILROAD COMPANY.
Line of Road. — Cape May, N. J., to Sewell's Point, N. J 4 miles.
Sidings, 0.5 mile. Gauge, 4 ft. 8| in. Rail, 35 Iba.
History. — Chartered September 3, 1880 ; road opened June 17, 1881. Operated during
summer months.
Rolling Stock. — Motors, 3 ; passenger cars, 4 ; freight, 2.
Earnings from passengers for year ending December 31, 1886, $4,231.20. Expendi-
tures, $5,480.03.
Financial Statement, December 31, 1886.— Capital stock (par, $15), $39,000. Cost of road
and equipment, $41,228.07.
Books close 80 days prior to payment of dividends and annual meeting. Annual meeting
first Monday in November.
Directors (elected November 15, 1886). — P. F. Hogate, Thomas P. Curley, Joseph E.
Roberts, Camden, N. J. ; Peter W. Wiltbank, Atlantic City, N. J. ; J. Henry Edmunds,
Joseph H. Hanes, Cape May, N. J. ; Charles W. Matthews, Philadelphia, Pa.
F. F. Hoo ATE, President and Gen. Manager Camden, N. J.
Treasurer— Peter W. Wiltbank Atlantic City, N. J. | Secretary— Thomas P. Curley Camden, N. J.
PRINCIPAL OFFICE AND ADDRESS Camden, N. J.
Transfer Office Camden, N. J.
CARTHAGE AND ADIRONDACK RAILWAY COMPANY.
Line of Road.— Carthage, N. Y ., to Jay ville, N. Y 30 miles.
Gauge, 4 ft. 8-i in. Rail (steel), 60 Ibs.
History. — Chartered March 28, 1883. Work begun in May, 1886, and road opened Jan-
uary 1, 1887. Built by the Magnetic Iron Ore Company, which owns the entire capital
stock. A branch is projected from Jnyville to Fine, N. Y., 10 miles.
Rolling Stock, December 81, 1886. — Locomotive engines, 2. Cars — freight, 40 ; other, 1.
Financial Statement, December 31, 1886.— Capital stock, $380,000; funded debt, first
mortgage 6 per Cent. 40-year bonds, due May 1, 1923, $385,000 ; other liabilities, $143,763.41
—total, $908,763.41. Cost of road and equipment, $908,763.41.
Annual meeting, first Wednesday in January. Interest payable May and November in
Philadelphia, Pa. Financial agents and trustees of bonds, Fidelity Insurance, Trust and
Safe Deposit Company, Philadelphia, Pa.
Directors (elected January 5, 1887). — B. D. Benson, W. S. Benson, R. D. Benson, Titus-
ville, Pa.; Robert H. bayre, John Taylor, Bethlehem. Pa ; Thomas P. Fowler, J. B. Dickson,
New York, N. Y.; A. A. Summer, O. L. Hascy, Albany, N. Y.; C. B. Benson, Carthage, N. Y.;
POOR'S MANUAL OF RAILROADS. 131
Sam. Q. Brown, Philadelphia, Pa.; C. F. Young, Honesdale, Pa.; Josephus Collett, Terre
Haute, Ind.
B. D. BENSON, President New York, N. T.
Treasurer— Sam. Q. Brown New York, N. Y. | General Manager— C. B. Benson Carthage, N. Y.
Secretary and Auditor B. C. Williams, New York, N.Y.
GENERAL OFFICE Carthage, N. Y.
Executive Office 12 Broadway, New York City.
CATASAUQTJA AND FOGELSVILLE RAILROAD COMPANY.
Main Line of Road. — Catasauqua, Pa., to Rittenhouse Gap, Pa 20.00
Lichty Branch : Trexlertown to Lichty, Pa 5.50 — 25.50 miles.
Sidings, 8 miles. Gauge, 4 ft. 8£ in. Kail (steel, 10.5 miles), 50 Ibs.
History. — Chartered April 5, 1853 ; road opened July, 1857.
Rolling Stock. — Locomotive engines, 6. — Cars— passenger, 3 ; haggage, etc., 1 ; freight,
(box), 2 ; other, 15— total, 71.
Operations for year ending September 30, 1886. — Train mileage (passenger and freight,
23,000 ; mixed, 25,666), 48,666 miles. Passengers carried, 11,498 ; carried one mile, 77,365 ;
average mile rate, 3.61 cents. Tons freight moved, 308,315 ; moved one mile, 2,972,236 ;
average ton-mile rate, 2.89 cents. Earnings — passenger, $2,791.42 ; freight, $85,751.21 —
total ($3,472.26 per mile), $88,542.63. Expenses : maintenance of cars, $652.50 ; mainten-
ance of way, $11,924.40 ; motive power, $12,591. 84 ; transportation, $10,638.13; miscellaneous,
$6,087.55— total ($1,642.92 per mile), $41,894.42. Net earnings (52.68 per ceut.), $46,648.21.
Balance, surplus, $46,648.21 ; surplus from last year, $158,913.75 ; surplus as per balance
sheet, $205,561.96. Interest on bonds, $8,280, is included in operating expenses.
The following dividends have been paid on the first Monday in November each year by
this company : 1862, 6 per cent. ; 1866, 6 per cent. ; 1867, 6 per cent, stock ; 1868 to 1877
inclusive, 6 per cent, each ; 1878, 8 per cent. ; 1879, 6 per cent. ; 1880 to 1886 inclusive, 12
per cent. each.
Financial Statement, September 30, 1886.— Capital stock (par, $25), $426,900 ; debenture
6 percent. 10-year $1,000 coupon bonds, due July 1, 1888, interest January and July (author-
ized, $160,000), $138,000 ; bills payable, $2,611.47 ; profit and loss, $'205,561.96— total,
$773,073.43. Contra: Cost of road. $523,185.59; equipment, $135,150; real estate, etc.,
$1,500 ; current accounts. $109,736.48; cash, $3,501.36.
Annual meeting first Monday in November. Interest and dividends payable at Catasau-
qua, Pa. Whole number of dividends paid to date, 25.
Directors (elected November 1, 1886). — Joseph Hunt, Samuel Thomas, Catasauqua, Pa. ;
John T. Knight, Easton, Pa. ; B. G. Clarke, New York ; Fisher Hazard, Mauch Chunk, Pa. ;
Samuel Dickson, Charles E. Haven, Chas. Stewart Wurts, Philadelphia, Pa. ; John Thomas,
Hokendauqua, Pa. ; Daniel Ruukle, Phillipsburg, N. J.
GEORGE T. BARNS, President , Philadelphia, Pa.
Treasurer and Sec.— John Williams Catasauqua, Pa. | Gen. Superintendent— C. W. Chapman.. Cataeauqna, Pa.
PRINCIPAL OFFICE AND ADDRESS Catasauqua, Pa.
CATSKILL MOUNTAIN RAILWAY COMPANY.
Main Line of Road.— Catskill to Palenville, N. Y 15.73
Leased : Cairo Railroad — Cairo Junction to Cairo, N. Y 3.77 — 19.50 miles.
Sidings, owned and leased, 1.21 miles. Gauge, 3 ft. Rail (steel, 16.60 miles), 40 Ibs.
History. — Chartered as Catskill Mountain RR. Co., September 16, 1880 ; road opened from
Catskill to Lawrenceville, July 29, 1882 ; and extended to Mountain House Station, Septem-
ber 1, 1882. Completed to Palenville same year, and opened throughout in June, 1883. Ope-
rations discontinued October 11, 1884. Foreclosure proceedings began February 11, 1885,
132 POOR'S MANUAL OF RAILROADS.
and road taken possession of by the mortgage trustee March 13, 1885. Sold under foreclos-
ure June 15, 1885, and reorganized under the present title July 1, 1885. Under the plan of
reorganization the company issues $89,000 stock and $238,000 1st income bonds in exchange
for stock and bonds of the old company, each 10 shares of stock and $100 bonds being entitled
to one vote; also $50,000 1st mortgage 5 per cent, bonds to pay coupons and taxes of
old company, and for improvements, and $16,000 2d incomes for settlement of other indebted-
ness of the old company. The 1st incomes are entitled to interest up to 6 per cent, after in-
terest on first mortgage bonds, expenses and all improvements.
Rolling Stock.— Locomotive engines owned, 2; leased, 1. Cars— passenger, 10; bag-
gage, mail, etc., 4 ; freight (box, 2 ; platform, 5 ; coal, 5), 12 — total, 26.
Operations for year ending September 30, 1886. — Train milege (mixed), 28,464 miles.
Passengers carried, 34,692 ; carried one mile, 458,540. Tons of freight moved, 7,000; moved
one mile, 98,000. Earnings— passenger, $28,760.86; freight, $7,221.89— total, $35,982.75.
Expenses — transportation, $10,282.14 ; maintenance of equipment, $2,280.10 ; maintenance of
way, etc., $9,796.43; miscellaneous, $2,846.14— total, $25,204.81. Net earnings (29.95 per
cent.), $10,777.94. Payments: Interest on bonds, $1,050; other interest, $60080; rentals
(Catskill Ldg.. $1,000; Cairo RR., $2,580), $3,580; taxes, $1,159.41 ; insurance, $94.50— total,
$6,484.71. Surplus, $4,293.23; surplus from last year, $15,146.66; surplus as per balance
sheet, $19,439.89.
Financial Statement, September 30, 1886.— Capital stock, $89,000; funded debt, $261,-
100; bills payable, $15,000; current accounts, $6,112.85; profit and loss, $19,439.89— total,
$390,652.74. Contra: Cost of road and equipment, $383,456.83: cash on hand, $3,274.66;
current accounts, $2,920.24; materials and supplies, $1,001.01— total, $390,652.74.
Funded debt consists of :
Istmtge. 5 per cent. 20-year $1 ,000 coupon bonds, due Aug. 1, 1905. int. Feb. & Aug. ($50,000) $18,000
1st inc. 6 per cent, (if earned) 30-year $500 & $100 reg. bonds, due Aug. 1, 1915, int. Feb. & Aug. ($238,000) 238,000
2d inc. 6 per cent, (if earned) 30- year $500 & $100 reg. bonds, due Aug. 2, 1915, int. Feb. & Aug. ($16,000). . 5,100
Annual meeting, third Tuesday in June ; books close twenty days before. Trustee of
bonds, Frederick Hill, Catskill, N. Y. First incomes have voting power. Secretary of com-
pany is registrar of stcck.
CAIRO RAILROAD.— Cairo to Cairo Junction, N. Y., 3.77 miles. Sidings, 0.34 mile. Gauge, 3 ft.
Rail (all steel), 40 lb*. The company owns one locomotive engine. Capital stock (authorized, $25,000), $19,785 ;
funded debt, 1st mortgage 6 per cent. 20-year bonds, dated May 1, 1885, interest November and May, $23,000 ; in-
terest accrued, $189.56— total, $42,974.56. Contra: Cost of road, $36,458.69 : equipment, $6,232.06 ; cash, $61.67 ;
current accounts, $222.14— total, $42,974.56. Annual meeting, third Tuesday of April. Directors— Alfred Van
Santvoord, Charles T. Van Santvoord, New York, N. Y. ; George M. Snyder, W. Hoboken, N. J. ; Charles L.
Kickcrson, Brooklyn, N. Y. ; Lewis Wolfe, John Sanderson, Athens, N. Y. : Frederick Hill, Charles A. Beach,
Wm. J. Hughes, Hiland Hill, Samuel Harris, Charles L. Beach, Catskill, N. Y. • F. G. Walters, Cairo, N. Y.
LEWIS* WOLFE, President, Athene, N. Y. ; Charles L. Rickerson, Vice-President, New York, N. Y. ; Frederick Hill,
Treasurer ; Samuel Harris, Secretary, Catskill, N. Y.
Board of Directors Catskill Mountain RE., elected at annual meeting M Tuesday in June.
A. Van Snntvoord.New York, N. Y.
Charles L. Beach Catskil), N. Y.
John H. Bagley, Jr. . .Catskill, N. Y.
John T. Mann Catskill, N. Y.
Orrin Day Catskill, N. Y. ' Jacob I. Werner Catskill, N. Y
Isaac Pruyn Catskill, N. Y.
Frederick Hill Catskill, N. Y.
Charles A. Beach Catskill, N. Y.
George H. Beach Catskill, N. Y.
George M. Snyder. .New York, N. Y.
C.T.Vau Santvoord. New York, N. Y.
Charles L. Rickerson New York, N. Y.
ALFRED VAN SANTVOOKD, President New York, N. Y.
Charles L. Beach, Vice-President Catskill, N. Y.
Secretary^; foN.SV^.- Charles A. Beach. Catskill, N. Y. ! Treasurer— Orrin Day Catskill, N. Y.
PRINCIPAL OFFICE AND ADDRESS Catskill, N. Y.
Transfer Office Catskill, N. Y.
CHARLOTTEBURG AND GREEN LAKE RAILROAD COMPANY.
Line of Road.— Oiarlotteburg J unciicn to Green Pond Mines 4.50 miles
Sidings, 0.25 mile. Gauge, 4 ft. 84 in. Rail, 50 Ibs.
History.— Organized August 11, 187G, as successors of the Green Pond RR. Co.
Rolling Stock.— Furnished by the N. Y., Susquehanna and Western RR.
POOR'S MANUAL OF RAILROADS. 133
Operations for year ending December 31, 1885. — Gross earnings, $903.77. Expenses,
$1,757.45. Deficit, $853.68, caused by expense for repairs.
Financial Statement, December 31, 1885.— Capital stock, $100,000; floating debt, $1,000.
Cost of road and appurtenances, $70,181.71.
Directors. — Geo. H. Potts, Geo. B. Satterlee, J. George Repplier, F. A. Potts, E. L.
Bolles, S. Konnell, Jr., W. R. Potts, M. R. Wendall.
GEOKQE H. POTTS, President New York City.
J. George Repplier, Vice-President, Secretary and Treas. . .New York City.
PKINCIPAL OFFICE AND ADDHESS 18 Broadway, New York, N. Y.
CHATEAUGAY RAILROAD COMPANY.
Line'of Road.— Plattsburgh, N. Y., to Lyon Mountain, N. Y 34.33 miles.
Sidings, etc., 10.21 miles. Gauge, 3 ft. Rail (steel), 46 Ibs.
History.— Chartered May 30, 1879 ; road opened to Dannemora (15.92 miles), July 1, 1879;
to present terminus March 1, 1880. The line to Dannemora was built by the State, and is
operated by this company, in consideration of no charge being made for carrying supplies to
and from the State Prison at Dannemora. Road owned, 18.41 miles. An extension from
Lyon Mountain to Loon Lake, 23.23 miles, was opened November 15, 1886. At Plattsburgb
connection is made with the Delaware and Hudson Canal Co.'s railroad.
Rolling: Stock. — Locomotive engines, 8. Cars — passenger, 4; baggage, mail and express,
2; freight (box, 30 ; platform, 90; ore, 247), 367; caboose, 1 — total, 374, of which 2 locomo-
tive engines, 2 passenger, 6 box and 9 platform cars are leased.
Operations for year ending September 30, 1886. — Trains run (mixed), 101,151 miles.
Passengers carried, 12,093; carried one mile, 209,936. Freight moved, 181,320; one mile,
5,664,905 tons. Earnings — passenger, $8,417.64; freight, $90,085.04; mail and express,
$2,627.47; other, $162.26— total, $101,292.41. Expenses— maintenance of way, $21,374.28 ;
rolling stock, $19,615.84; transportation, $42,826.34; miscellaneous, $2,889.35— total, $86,-
705.81. Net earnings (14.40 per cent.), $14,586.60. Payments: Interest and lease, $2,123.46;
other, $950 — total, $3,073.46. Balance, surplus, $11,513.14, applied to reduction of floating
debt.
Financial Statement, September 30., 1886.— Capital stock, $75,000 ; inventory above
stock paid in, $285,955.59 ; current loan account, $23,861.34— total, $384,816.93, representing
cost of road and equipment.
Directors. — A. L. Inman, Andrew Williams and Smith M. Weed, Plattsburgh, N. Y.
SMITH M. WEED, President Plattsburgh, N. Y.
Treasurer— Andrew Williams Pittsburgh, N. Y. I Secretary— H. M. Olmsted New York, N. Y.
Gen. Manager— A.. L. Inman Plattsburgh, N. Y. | Auditor— T. Olyphant New York, N. Y.
PRINCIPAL, OFFICE AND ADDRESS Plattsburgh, N. Y.
Transfer Office. . 21 Cortlandt Street, New York City, N. Y.
CLOVE BRANCH RAILROAD COMPANY.
Main Line of Road.— Clove Brancb June., N. Y., to Sylvan Lake, N. Y.4.25
Operated : Jf. Y. B. & Montreal By.: Sylvan Lake to Clove Val., N. Y 4.01—8.26 miles.
Sidings (owned, 1.34 ; operated, 0.91), 2.25 miles. Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History. — Organized November 21, 1868 ; road opened in 1870.
Rolling1 Stock. — Locomotive engine, 1. Cars — combination, 1 ; freight (box, 10 ; gon-
dola, 50), 60.
Operations for year ending September 30, 1886. — Train mileage (mixed), 5,054 miles.
Passengers carried, 527 ; carried one mile, 1,623. Tons freight moved, 3,275 ; moved one
mile, 10,840. Earnings— passenger, $135.27 ; freight, $8,043.49 ; other, $1,857.56 — total,
$10,036.32. Operating expenses and taxes, $9,205.40. Net earnings, $830.92 ; surplus from
last year, $50,188.91— total surplus, $51,019.83.
134 POOR'S MANUAL OF RAILROADS.
Financial Statement, September 30, 1886.— Capital stock ($50), $150,000 ; bills payable,
$996.82 ; profit and loss, $51,019.83— total, $202,016.65. Per contra : Construction, $150,000;
equipment, $41,474.50; real estate, $1,223.22; cash. $687.11; accounts, $8,031.82.
Directors (elected January 27, 188?).— John S. Schultze, Wil'iamR. Schultze, Manchester,
N. J.; H. B. Willets, Madison, N. J.; S. I. Wright, Elizabeth, N. J.; George H Brown,
New York. N. Y.; William S. Euo, Pine Plains, N. Y. ; R. G. Coffin, Coffin's Summit, N. Y.;
C. L. Kimball, Fishkill-ou-Hudson, N. Y.; N. T. Plass, Clove Valley, N. Y.; W. A. Wells,
Moore's Mills, N. Y.; Oliver Davidson, S. M. Davidson, Fishkill, N. Y.; Albert Emans, La
Grange, N. Y.
JOHN S. SCHULTZE, President and Treasurer Matteawan, N. Y.
Secretary— Wm. A. Wells Matteawan, N. Y. | Superintendent— C. L. Kimball Matteawan, N. Y.
PRINCIPAL OFFICE AND ADDRESS Matteawan, N. Y.
CONNECTING TERMINAL RAILROAD COMPANY .
Line of Road.— In city of Buffalo, N. Y 1 mile.
Gauge, 4 ft. 8£ in. Rail, 60 Ibs. per yard.
History. — Chartered June 7, 1881 ; road opened in 1883. Built for the purpose of fur-
nishing terminal and other facilities at Buffalo, N. Y., for through lines of railway.
Operations for the year ending September 30, 1886. — Freight moved one mile, 204,327
tons. Earnings— freight, $162,916.19 ; other, $1,593.37— total, $164,509.56. Operating ex-
penses, $88.484.49. Net earnings, $76,025.07. Add interest on scrip, $10.30 — total available
revenue, $76,035.87. Payments : Interest on bonds, $22,916.67 ; other interest, $4,673.65 ;
dividends, $500— total, $28,090.32. Balance, surplus, $47,745.55 ; surplus from last year,
$18,096.60— total, $06,042.15. Less charged off for depreciation, $30,000. Surplus, as per
balance sheet, $36,042.15.
Financial Statement, September 30, 1886.— Capital stock ($50), $20,000 ; funded debt,
1st mortgage 5 per cent, registered 20-year bonds, due 1903, $500,000 ; bills payable, $50,000 ;
current accounts, $11,528.66; other liabilities, $10,416.67 ; profit and loss, $36,043.15— total,
$627,987.48. Contra: Cost of road, $280,776.90 ; real estate, etc., $316,253.44; materials,
etc., $1,018.72 ; current accounts, $7,932.38 ; cash on hand, $22,006.04.
Annual meeting, third Tuesday in May. Trustee of bonds, Philadelphia Trust, Safe De-
posit and Insurance Co. Interest on bonds payable May and November. Dividends on strck
payable on last day of February, at company's office. Whole number of annual dividends
paid to date, four.
Directors (elected May 18, 1886).— James C. Evans, Edwin T. Evans, Buffalo, N. Y.;
George B. Bonnell, Henry P. Linnell, Franklin J. Firth, John E. Payne, Frank Hoffman,
Henry H. Houston, A. D. Hepburn, James S. Swartz, Joseph D. Potts, Philadelphia, Pa.;
Horace Churchman, Burlington, N. J.; Myron H. Clark, Lancaster, Pa.
FRANKLIN J. FIRTH, President Philadelphia, Pa.
Edwin T. Evans, Vice-President Buffalo, N. Y.
Secretary— A.. D. Hepburn Philadelphia, Pa. Treasurer — J. 8. Swartz Philadelphia, Pa.
Manager— J. B. Payne Philadelphia, Pa. Auditor — H. Churchman Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDBESS 234 South Fourth Street, Philadelphia, Pa.
COOPERSTOWN AND SUSQUEHANNA VALLEY RAILROAD CO.
Line of Road. — Junction (A. & S. RR.) to Cooperstown, N. Y 16 miles.
Sidings, etc., 1.38 miles. Gauge, 4 ft. 8* in. Rail (steel cap, 15 miles), 50 and 56 Ibs.
History.— Chartered February 25, 1865 ; road opened July 14, 1869.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2; baggage, etc., 1 ; fi eight
(box, 6 ; platform, 6), 12 — total, 15. Also, 3 service cars.
Operations for year ending September 80, 1886. — Trains run— passenger, 11,136 ; mixed,
POOR'S MANUAL OF RAILROADS. 135
15,792 ; freight, 110— total, 27,038 miles. Passengers carried, 41,390 ; carried one mile, 607,-
027 ; average mile rate, 3.65 cents. Tons freight moved, 18,551 ; moved one mile, 282,374 ;
average ton-mile rate, 6.23 cents. Earnings — passenger, $18,487.72; freight, $17,597.66;
mail and express, $1,916.36 — total, $38,001.74. Operating expenses — maintenance of way,
$12,483.20; motive power and cars, $3,007.44; transportation, $9,199.95; general, $2,110.76
—total, $26,801.41. Net earnings (29.47 per cent.), $11,200.33; add rents, $593.96— total
available revenue, $11,794.29. Payments — interest on bonds, $7,490 ; other interest ;
$287.25 ; taxes on property, $953.25 ; other taxes, $2:32.17— total, $8,962.67. Surplus, $2,-
831.62 ; surplus from last year, $74,013.67— total surplus, $76,845.29.
Financial Statement, September 30, 1886.— Capital stock, $308,405 ; funded debt 1st
mortgage 7 per cent. 20-year bonds, due July 1, 1889, interest April and October, $1(0,000 ;
2d mortgage 7 per cent, bonds, due July 1, 1878 to 1888, $4,000 ; interest on bonds, $3,601.50 ;
loans and bills payable, $4,000 ; current accounts, $3,078.95 ; profit and loss, $76,845.29 —
total liabilities, $499,930.74. Contra: Construction, $449,423.70; equipment, $45,881.37
Cash and accounts, $4.625.67— total, $499,930.74.
Annual meeting, last Wednesday in February.
Directors. — E. M. Harris, C. R. Burch, A. H. Watkins, H. M. Hooker, Horace Lathrop,
J. Fred. Reustle, John F. Scott, D. E. Siver, J. W. Lamb, E. S. Bundy, Cooperstown, N.
Y. ; George N. Bissell, Milford, N. Y. ; Fraucis Hecox, Oaksville, N. Y. ; Lancelot Taylor
Fly Creek, N. Y.
E. M. HARRIS, President Cooperstown, N. Y.
Vice-President— C. R. Burch Cooper#town, N. Y. | Sec. and Treasurer— B. M. Cady . . .Cooperstown, N. Y.
PRINCIPAL OFFICE AND ADDRESS Cooperstown, N. Y.
CORNING, COWANESQTJE AND ANTRIM RAILWAY COMPANY.
Main Line of Road. — Corning, N. Y., to Antrim, Pa 53 miles.
Cowanesque Valley Branch :* Lawrenceville to Harrison Valley, Pa 32 miles.
Total length of lines 85 miles.
Sidings, etc., 32 miles. Gauge, 4 ft. 8£ in. Rail — iron, 60; steel (56.5 m.), 67 and 76 Ibs.
History. — Consolidation, January 1, 1873, of the Blossburg and Corniug and the Wellsboro
and Lawrenceville RR. Cos. The former of these two companies was originally chartered in
New York, April 9, 1828, under the name of the Tioga Coal, Iron, Mining and Manufacturing
Company, and under an amendment to its charter, passed in 1833, it constructed with a strap
rail a railroad from Lawrenceville (Pennsylvania State Line), to Corning, N. Y. In 1851 its
name was changed to Corning and Blossburg RR. Co. ; in 1852 the track was relaid with
" T " rail, and on March 19, 1854, company re-organized, after foreclosure sale, as Blossburg
and Corning RR. Co. The Wellsboro' and Lawrenceville RR. Co. was organized in 1869,
and constructed the extension of the former line within the State of Pennsylvania, from
Lawrenceville to Antrim, 37.36 miles. On June 1, 1874, the Cowaiie^que Valley RR. (Lawrence-
ville to Elkland, Pa., 12 miles) was absorbed. These roads having been operated underlease
by the Fall Brook Coal Co. until the date of the consolidation, as above, a new lease of the
consolidated line was effected and is still in force. In 1882-83 the Cowanesque Valley Branch
was extended 2.20 miles. In addition to the lines above, the Fall Brook Coal Co. operates
under lease the Syracuse, Geneva and Corning, and the Pine Creek Railways, and also owns
a line of road 7 miles in length, extending from Blossburg to Fall Brook, Pa.
Rolling Stock, September 30, 1886. — Locomotive engines, 55. Cars — passenger, 21 ;
baggage, mail and express, 8; freight (box, 90; platform, 34; st'>ck, 1,293 ; coal, 594;
caboose, 38), 2,049; service cars, 165 — total cars, 2,248. The above rolling stock is also used
in operating the Syracuse and Corning and Pine Creek Rys.
Operations for year ending September 30, 1886. — Train mileage — passenger, 118,701 ;
freight, 268,607 — total, 387,308 miles. Passengers carried, 150,454; carried one mile,
2,097, 2"58 ; average mile rate, 2.97 cents. Tons freight moved, 1,988,699; moved one mile,
61,990,157; average ton-mile rate, 0.87 cents.
136 POOR'S MANUAL OF RAILROADS.
Earnings-Passenger $68,278 13
Freight 541,946 22
Mull and Express 9,894 17
Miscellaneous 509 36
Total ($7,231 .62 per mile) $614,687 88
Expenses.— Transportation $150,693 61
Motive Power and Cars. ...'..... 63,935 79
Maintenance Way and Buildings 98,017 50
General 82,930 06
Total ($4,653.85 per mile) $395,576 96
Net earnings (35.65 per cent.), $219,110.92. Paid rental, $150,COO ; taxes, $16,902.92-
total, $166.902.92. Balance, surplus, $52,208.
Financial Statement (Lessor), September 30, 1886.— Capital stock (par, $50), common,
$1,500,000 ; preferred, $500,000 ; 6 per cent, debenture 15-year bonds, due May 1, 1898,
interest May and November, $1,250,000; voucbers and pay rolls, $17,876.63— total,
$3,267,876.63. Contra : Cost of road, $3,250,000 ; real estate, $17,876.63.
Lessor's Income Account, September 30, 1886.— Rental, $150,000. Paid dividends
( December 1885, March, June and September 1886), $150,000.
Annual meeting second Wednesday in November. Voting power is attached to stock
after 30 days' ownership. Trustee of bonds, Fidelity, Insurance Trust and Safe Deposit Co.,
Philadelphia, Pa. Dividends payable quarterly at the office of company, being at the rate of
12 per cent, per annum for preferred stock and 6 per cent, per annum for common stock.
Directors C., C. & A. Ry. Co. — George I. Magee, Daniel Beac'>, John Lang, Watkins,
N. T. ; Daniel C. Howell, Bath, N. Y. ; Alfred L. Edwards, New York, N. Y. ; Henry Sher-
wood, Wellsboro', Pa.
GEORGE I. MAGEE. President ) Office address,
Daniel Beach, V.-Pres. Secretary and Treasurer ' Corning, N. Y.
Officers of Fall Brook Coal Company, Lessee.
President— George I. Magee Watkins, N. Y. General Sup.— George P. Brown Corning, N. T.
Vice-Pres. Sec. & Treas.—John Lang Corning, N. Y.
General Counsel— Daniel Beach Corning, N. Y.
PRINCIPAL OFFICE AND ADDRESS, LESSEE COMPANY Corning, N. Y.
CORNWALL RAILROAD COMPANY.
Main Line of Road. — Cornwall, Pa., to West Lebanon, Pa 7.50
Branches to Furnaces and Union Canal 4.50 — 12.00 miles.
2d track, 1.83 ; sidings, 9.73 miles. Gauge, 4 ft. 8^ in. Rail (steel), 60 Ibs.
History. — Chartered May 25, 1850 ; road opened January, 1854. Connects at Lebanon
with Lebanon Valley Branch of Philadelphia and Reading RR.
Rolling Stock. — Locomotive engines, 8. Cars — passenger, 5 ; freight and coal, 188 ; ca-
boose, 1.
Operations for year ending November 30, 1886.— Trains run (passenger, 30,620; freight,
17,288), 47,908 miles. Passengers carried, 105,232 ; carried one mile, 767,351. Tons freight
moved (chiefly iron ore, coal and iron), 991,558 ; moved one mile, 5,552,680. Earnings : pas-
senger, $11,155.26 ; freight, $96,873.50 ; mail and express, $674.87 ; miscellaneous, $4,860.67
—total, $113,564.30. Expenses : maintenance of way, $12,512.17 ; rolling stock, $'26,822.10;
transportation, $13,858.08 ; general, $10,655.97— total, $63,848.32. Net earnings (43.78 per
cent.), $49,715.98. Paid for construction and equipment, $3.353.26. Balance, surplus, $4?,-
862.72 ; surplus from last year, $294,689.67— total surplus, $341,052.39.
Financial Statement, November 30, 1886.— Capital stock (par, $50), $300,000 ; current
accounts, $2,383.21 ; profit and loss, $341, 05'>.39— total, $643,435.60. Construction, $426,-
459.49; equipment, $161,767.95; real estate, etc., $44,319.10; bills receivable, $10,889.06—
$613,435.60.
Annual meeting, second Monday in January.
CORNWALL AND MOTTNT HOPE B.AILE,OAD.-Cornwall, Pa., to Mount Hope, Pa., 5.2 mile.-.
Gauge, 4 ft. «} in. Kail (steel), 60 Ibs. Chartered August 13, 1883 ; mad opened August 18, 1884. Consolidated
with Cornwall Railroad Co. October 31, 1886. Operation?, etc., for year ending October 31, 1886 : Train mileage
— passenger, <u;-r, ; Orient, 5,«80— total, 14.905 miles. Passengers carried, 116,011; carried one mile, 402,947.
Tons of freight moved, 1 is.c.K) ; moved one mile, 297,255. E;irnir.gs— pussenger, $7,721.38 ; freight, $8.044.41 ; ex-
press, $83.82— total, $15,849.«1. Expenses— transportation, £865.82 ; motive i>ower, «3,464.16 ; maintenance of way,
etc., $8,630.65 ; miscellaneous, $953.75— total, $7,904.58. Ni-t earnings, $7,945.03 ; surplus from last year, $4,541,-
24— total surplus, $12,486.87. financial Statement, October 31, 1880 ; Capital stock, $100,000 ; current accounts,
POOR'S MANUAL OF RAILROADS. 137
$2,913.65 ; other liabilities, $84,000 ; profit and lose, $12,486.27-total, 8199,390.92. Contra: Cost of road, 8192,-
510.28 : current accounts, $6,889.64. Directors (elected January 9, 1886V— William O. Freenvm. E. C. Freeman,
R. P. Alden, J. P. Jackson, Cornwall, Pa.; D. S. Hammond, J. L. McAllister, Lebanon, Pa. WILLIAM C. FRBB-
MAN, President; R. P. Alden, Vice- President, Cornwall, Pa.; D. S. Hammond, Treasurer, Lebanon, Pa.; E.G.
Freeman, General Manager, Cornwall, Pa. PRINCIPAL OFFICE AND ADDRESS, Lebanon, Pa.
Directors of the Cornwall RE. Co., elected January 9, 1886.
William C. Freeman Cornwall, Pa. J. P.Jackson Cornwall, Pa.
R. Percy Alden Cornwall, Pa. E. C. Freeman Cornwall, Pa.
D. S. Hammond
Lebanon, Pa.
WILLIAM C. FREEMAN, President Cornwall, Pa.
Treasurer— D. S. Hammond Lebanon, Pa. | Secretary- J. P. Jackson Cornwall, Pa.
PRINCIPAL OFFICE AND ADDRESS Lebanon, Pa.
CORNWALL AND LEBANON RAILROAD COMPANY.
Main Line of Road. — Lebanon, Pa., to Conewaero, Pa 21 .64
Miner's Village Branch : Cornwall, Pa., to Miner's Village, Pa 1.17 — 22.81 miles.
Sidings, 3.30 miles. Gauge, 4 ft. 8| in. Rail (steel, 9.85 miles), 60 Iba.
History.— Chartered February 28, 1882. Road completed and opened October 1, 1883.
The Colebrook Valley RR., extending from Conewago to Cornwall, 16.26 miles, was merged
into the Cornwall and Lebanon RR., June 1, 1886.
Rolling Stock. — Locomotive engines, 9. Cars — passenger, 10 ; baggage, mail and ex-
press, 1 ; dump, 20 ; box, 10 ; caboose, 2— total, 43.
Operations for year ending September 30, 1886. — Train mileage— passenger, 70,557 ;
freight 53,863 ; ballast, 35,088— total, 159,508 miles. Passengers carried, 156,236 ; carried
one mile, 1,407,897; average mile rate, 1.65 cents. Tons freight moved, 571,705 ; moved
one mile, 1,407,897; average ton-mile rate, 11.11 cents.
Earnings.— Passenger 823,195 58 | Expenses.— Transportation 840,963 31
Motive Power 32,715 43
Maintenance of Cars 3,00i S3
Maintenance Way and Buildings 18,180 17
General... . 28,29698
Freight 156,458 C5
Mail 725 04
Express 751 93
Miscellaneous 744 97
Total ($6,493.26 per mile) $181,876 17
Total ($4,397.03 per mile) $123,100
Net earnings (32.28 per cent.), $58,715.35. Payments : Interest on C. & L. Div. bonds,
$7,500 ; interest on debt, $21,115.36— total, $28,615.93. Surplus, $30,099.99, which was
applied to reduction of construction account.
General Balance Sheet, September 30, 1886.
Cost of Road $1,037,809 29
Cost of Equipment... '. 131,05670
Real Estate 57,000 00
Current Accounts 614 52
Cash on Hand 47 07
Total Assets $1,226.527 58
CapitalStock $600,00000
Funded Debt Outstanding 550,000 00
Bills Payable 7,080 00
Current Accounts 39,347 59
Profit and Loss 30,099 99
Total liabilities $1,226,527 58
Funded debt consists of —
1st mortgage reg. 5 per cent. 20-year $100, $500 and $1,000 bonds, due July 1, 1902, interest Jan. and July. $150,000
1st mtge. reg. 5 percent. 30-year $100, $250, $500 and $1,000 bonds, due April 1, 1916, interest April and Oct. 400,000
Interest on bonds payable at company's office. Annual meeting, second Monday in
January. Trustees of bonds, William A. Huber and Jacob H. Redsecker.
Directors (elected January 12, 1886). — Robert Coleman, H. M. Maxwell, Cornwall, Pa.;
John Meily, Grant Weidman, A. Hess, C. Sheuk, J. H. Redsecker, George D. Rise, Leb-
anon, Pa.
ROBERT H. COLEMAN, President Cornwall, Pa.
Secretary and Treas.— Hugh M. Maxwell. Cornwall, Pa. | Superintendent— Ned Irish Lebanon, Pa.
PRINCIPAL OFFICE AND ADDRESS - Lebanon, Pa.
COUDERSPORT AND PORT ALLEGANY RAILROAD COMPANY.
Line of Road. — Port Allegany, Pa., to Coudei sport, Pa 17 miles.
Sidings, 3 miles. Gauge, 3 ft. Rail, 35 Ibs. per yard.
138 POOR'S MANUAL OF RAILROADS.
History.— Chartered April 12, 1882 ; road opened September 29, 1882. The right of way
was purchased from the Jersey Shore and Pine Creek RR. Co.
Rollins Stock.— Locomotive engines, 3. Cars— passenger, 4; bag-age, etc., 4 ; freight
(box, 10 ; platform, 45 ; coal, 5), 60— total, 68.
Operations for year ending December 31, 1886.— Passenger and freight train mileage,
24, 000 miles. Passengers carried, 31,886; carried one mile, 271,018. Tons of freight moved,
30,848 ; moved one mile, 432,662. Earnings— passenger, $10,452.46 ; freight, $17,54 J.55 ;
mail and express, $1,124.82— total, $29,123.83. Expenses— transportation, $6,620 ; motive
power, $3,650 ; maintenance of cars, $310 ; maintenance of way, $4,400 — total, $15,360. Net
earnings, $13,033.83. The company paid 6 per cent, dividend in 1883, 9 per cent, in 1884,
6 per cent, in 1885, and 6 per cent, in 1886.
Financial Statement, December 31, 1886.— Capital stock, $150,000. Cost of road, etc.,
$150,000.
Directors. — A. G. Olmsted, Isaac Benson, W. K. Jones, J. L. Knox, Coudersport, Pa.;
F. H. Arnold. Port Allegany, Pa.; B. D. Hamlin, Smethport, Pa.; F. H. Root, Buffalo, N. Y.;
C. S. Cary, Olean, N. Y.
F. W. KNOX, President Coudersport, Pa.
Vice-Prefident— C. S. Cary Olean, N. Y.
Treasurer— TA. W. Barse Olean, N. Y.
Secretary— A.. B. Mann Coudersport, Pa. Gen. Superintendent— B. A. McClure.. Coudersport, Pa.
PRINCIPAL OFFICE AND ADDRESS Coudersport, Pa.
CRESSON, CLEARFIELD COUNTY AND N. Y. SHORT ROUTE RR. CO.
Line of Road.— Cresson, Pa., to Irvona, Pa 27.50 miles.
Sidings, 2.88 miles. Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs.
History. — Chartered December 19, 1882 ; road opened about July 1, 1886. A branch of
31 miles is projected from Ashville on the main line to Mahaffey.
Rolling Stock, December 31, 1886. — Locomotive engines (owned, 2 ; leased, 1), 3. Cars —
passenger, 3 ; freight (box, 2; gondola, 2), 4 — total, 7.
Operations for year ending December 31, 1886. — Train mileage — passenger, 30,690 ;
freight, 18,460 — total, 49,150 miles. Passengers carried, 20,374 ; carried one mile, 200,747 ;
average mile rate, 3.77 cents. Tons freight moved, 30,747; moved one mile, 503,575; average
ton- mile rate, 4.16 cents. Earnings— passenger, $7,567.37; freight, $20,948.51— total, $28,-
515.88. Operating expenses — not reported.
Financial Statement, December 31, 1886.— Capital stock, $1,000,000 ; funded debt (1st
mortgage 6 per cent. 20-year $500 and $1,000 coupon bonds, due May 1, 1904, interest May
and November at American Loan and Trust Co., New York), $750,000— total, $1,750,000.
Contra : Cost of road, $1,750,000 ; equipment, $20,000 ; real estat<-, $15,200— total, $1 ,785,200.
Annual meeting in January. Trustee of bonds, American Loan and Trust Co., New
York, N. Y.
Directors (elected January 10, 1887).— James S. Atterbury, John H. Boyts, Ed. F. Earle,
W. R.Thompson, Peter J. Urling, George J. Gorman, Pittsburgh, Pa.; Charles E. Pugh,
John S. Blaine, Philadelphia, Pa.; John S. Silver, New York, N. Y.; Ed. Scull, Somerset,
Pa.; A. S. Morrow, Hollidaysburg, Pa.; B. F. Boyts, Connellsville, Pa.
JAMES S. ATTERBURY, President Pittsburgh, Pa.
yiee-Pret. & O. M.— John H. Boyts Pittsburgh, Pa. | Sec. and Treas.— George J. Gorman Pittsburgh, Pa.
Chief Engineer— G. Kaufman Cresson, Pa.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
CROWN POINT IRON COMPANY'S RAILROAD.
Line of Road.— Crown Point, N. Y., to Hammondville, N. Y 12.84 miles.
Sidings, 6.56 miles. Gauge, 3 ft. Rail (steel, 12.84 miles), 46 and 56 Ibs.
POOR'S MANUAL OP RAILROADS. 139
This road is owned by the Crown Point Iron Co., and is used chiefly for its own
business.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 1 ; fre'ght (box, 3 ; platfoim,
6 ; ore, 120), 129 ; caboose, 2— total, 132.
Operations for year ending September 30, 1886. — Train mileage (mixed), 16,594 miles.
Passengers carried, 2,325; earned one mile, 22,529. 'Ions freight moved, 80,025; moved
one mile, 1,010,345. Earnings— passenger, $1,352 ; freight, $38,265.07 ; mail, $509.22 ;
switching freight, $2,239.85— total, $42,306.14. Expenses— maintenance of way, $6,390.18;
motive power and cars--, $3,807.78 ; transportation, $10,981.92 ; general, $1,250— $22,379.88.
Net earnings, $19,986.26.
Financial Statement, September 30, 1886. — Inventory of railroad and equipment, $408,-
537.62; profit and loss, $19,186.26— total, $428,523.88. Contra : Cost of road, $368,537.62 ;
equipment. $40,000 ; due stockholders of the C. P. Iron Co., $19,986.26.
Directors (elected at annual meeting in May, 1886). — L. G. B. Cannon, New York City ;
Coe F. Young, Honesdale, Pa.; George H. Catlin, James P. Dickson, Scranton. Pa.; D. li.
Pratt, Elmira, N. Y.
L. G. B. CANNON, President New York City.
Secretary and Treas.—H. M. Olmsted.New York, N. Y. | General Manager— A. L. Inman Plattsbnrg, N. Y.
PRINCIPAL OFFICE AND ADDRESS.- Crown Point, N. Y.
CUMBERLAND AND MAURICE RIVER RAILROAD COMPANY.
Line of Road. — Bridgeton, N. J., to Maurice River, below Port Norris, N. J. .22.5 miles.
Sidings, 2.50 miles. Gauge, 4 ft. 8 in. Rail (steel, 7 miles), 55 Ibs.
History. — Chartered as Bridgeton and Port Norris RR. Placed in hands of a receiver
July 8, 1874. Sold under foreclosure November 30, 1878, and purchased by the bondholders,
who organized present company January 15, 1879. The capital of the old company was
$300,000, and the bonded debt $400,000. The new capita] was distributed pro rata to the
holders of the old bonds. In January, 1887, the Central RR. Co. of New Jersey purchased a
controlling interest in this road, and will operate it as a branch of the New Jersey Southern
Division.
Rolling1 Stock. — Locomotive engines, 3. Cars — passenger, 3 ; baggage, etc., 1 ; freight
(box, 2 ; platform, 3), 5— total, 9.
Operations for year ending December 31, 1886. — Train mileage, passenger and freight
movement not reported. Earnings — passenger, $14,835.45 ; freight, $34,319.89 ; mail and
express, $3,043.08 — total, $52,198.42. Expenses— maintenance of way, $7,999.66 ; mainten-
ance cars, $1,248.35; transportation, $7,501.29; motive power, $11,034.79; miscellaneous
and taxes, $11,205.37— total, $38,989.46. Net earnings. $13,208.96. Payments : Interest
on funded debt, $300 ; dividend No. 7 (June, 3 per cent.), $7,500— total, $7,800. Surplus,
Financial Statement, December 31, 1885.— Capital stock (par, $50), $250,000 ; funded
debt, 1st mortgage 6 per cent. 20-year coupon $1,000 bonds, due December 1, 1899, interest
June and December, authorized, $'J5,000 ; issued, $5,000— total stock and bonds, $255,000.
Cost of road at foreclosure sale, $10,000 ; additional equipment since, $12,800 — total, $22,800.
Dividends payable at 314£ Walnut Street, Philadelphia, Pa.
Directors (elected [1st Monday] May 3, 1886). — A. H. Gillingham, Moorestown, N. J.;
J. H. Conrad, Joseph Parrish, Philadelphia, Pa.; Daniel Sharp, Bridgetou, N. J.; Thomas
Hand, Port Norris, N. J. ; C. H. Bioren, Riverton, N. J. ; Wm. S. Hilliard, Salem, N. J.
A. H. GILLINGHAM, President Moorestown, N. J.
J. Hicks Conrad, Vice-President and General Manager. . . .Philadelphia, Pa.
Secretary and Treas.—C. W. Littell. .Port Norris, N. J. | Superintendent— L. H. Dowdney Bridgeton, N. J.
PRINCIPAL OFFICE AND ADDRESS No. 314£ Walnut Street, Philadelphia, Pa.
Fiscal Agency (Treasurer's Office) Port Norris, N. J.
140
POOR'S MANUAL OF RAILROADS.
CUMBERLAND AND PENNSYLVANIA RAILROAD.
(CONSOLIDATION COAL COMPANY, OWNER.)
Main Line of Road.— Cumberland, Md., to Piedmont, W. Va 38 mile?.
( Eckhart : Junction to Ecklmrt 14 miles.
"8 : ( State Line : C. & P. Junction to Pennsylvania State Line 3 miles.
Total length of railroad owned and operated 55 miles.
Sidings, etc., 10 miles. Gauge, 4 ft. 84 in. Rail (mostly steel), 50 to CO Ibs.
History. The Cumberland and Pennsylvania Railroad Company was chartered March
13, 1850, and acquired the Mount Savage Iron Company's Railroad, extending from Cumber-
land to Mount Savage, Md., 10 miles. The road was extended to Frostburg, Md., 7 miles,
in 1854, and to Lonaconing, Md., 8 miles, in 1857. The line from Lonaconing to Piedmont
-was built in 1852 by the Georges Creek Iron and Railroad Company, and was acquired by
the Cumberland and Pennsylvania Railroad in 1863.
The Cumberland Coal and Iron Company was chartered in 1850, and in April, 1852, pur-
chased the Maryland Mining Company's property, including the railroad from Cumberland
to Eckhart, 14 miles, which was built in 1846.
In 1870 the lands and railroads of both of the above companies were acquired by the
Consolidation Coal Company and were consolidated. •
Rolling Stock.— No report published.
Operations for year euding December 31, 1886. — Coal mined and delivered from the
company's mines, 675,652 tons ; total coal transported, 1,708,241 tons. The first coal trans-
ported from this region was in 1842, in which year 1,708 tons were marketed. Gross earn-
ings from RR., mines, etc., including value of coal on hand, year 1886, $2,039,427.78. Oper-
ating expen.=es, $1,783,442.66. Net earnings, $255,985.12. Payments shown in
Profit and Loss Account, year 1886.
Balance, at credit from'1885 $30,688 97
Gross Receipts $2,039,427 78
Expenses' 1,783,442 66—255,985 12
Total Credits $286,674 09
Interest on Bonds $14fi,831 85
Sinking Fund 20,000 00
Balance, Surplus, December 31, 1886 119,842 24
Total Debits. . . .... $286,674 09
From surplus, December 31, 1886, $119,842.24, there was paid January 28, 1887, divi-
dend for year 1886 (0.75 per cent.), $76,875 ; amount carried to credit of Royalty Fund,
$34,148.50— total, $189,194.83. Balance to credit of Profit and Loss Account, $8,818.74.
For the past five years the C. C. Co. has been accumulating a fund, which, for the first
time, appeared in the annual report for 1884. This fund has been derived from sales of the
coal under several small outlying pieces of the company's property adjoining, and sold to
companies which could more advantageously work them ; and from the proceeds of some
surface rights of way through the company's property. The moneys received from these
sources, and the amounts set aside as a royalty on the output of 1884 and 1885, amounted,
December 31, 1885, to $149,083.01. To this has been added the interest accruing on above
amount during 1886, and the royalty upon the output of 1886, $40,111.82, making total,
$189,194.83. This fund is invested in interest-bearing securities, and it is proposed to add to
it hereafter, as a representative (in addition to the existing sinking fund) of the value of the
coal which will be mined in future from the company's property. The company also holds
as a cash asset, $100,000 first mortgage bonds of the Cumberland and Pennsylvania RR., ac-
quired in 1875.
Statement of funded debt in detail :
Character of Bonds.
Date.
Interest.
Mature.
Provided .
Afloat.
(Unnliorland and Pennsylvania RR. let Mortgage.
1886
Op c. M. & 8.
1891
1,000,000
$
803,500
Cumberland and r>-im*ylv:mi.-i KK. 2d Mortg. sinking Fund.
<'oiiM)!iil:iiio!i Coal Co. Wright Furm Mortgage
1868
1870
6p.c.M.&N.
6 p. c.M.&N.
1888
18W
800,000
1.35,000
406,000
135,000
Consolidation Coal Co., Consolidated Convertible
1872
6 p. c. J. & J.
1897
1,100,000
1,100,000
POORS MA.NUAL OF RAILROADS.
141
Financial Statement, December 31, 1S8G.— Capital stock, $10,250,000 ; funded debt, $2,
449,500. During the year $5,000 2d mortgage bonds were purchased for the sinking fund,
and $17,000 of this fund remained in hand that could not be invested at par.
The following table shows the product of the whole Cumberland coal-field, and of the
mines of the Consolidation Coal Company for thirteen years :
Increase, Tons.
Increase, Tons.
Whole
Consolida-
Whole
Consolida-
YEARS.
Product.
tion Co.
YEARS.
Product.
tion Co.
Tons.
Tons.
Whole
Consoli-
Tons.
Tons.
Whole
Consoli-
Product.
dation.
Product.
dation.
1874.
2,410,895
467,451
*2C3,206
*81,033
1881. .
2,242,209
753,900
106,109
185,650
1875.
2,842,773
448,!i23
*68,123
*1 9,528
1882. .
1,265,122
421,471
*977,087
*332,427
1876.
1,835,081
356,817
*507,692
*92,106
1883
2,206,250
456,238
941,128
34,767
1877.
1,574,339
348,385
*260,542
*8,432
1884. .
2,408,051
68!l,212
261,801
233,074
1878.
I,(i79,322
404,015
104,783
55,632
1885.
2,462,485
710,064
*5,566
20,852
1879.
1,730,709
483,692
517,387
79.676
1886. .
2,246,159
675,652
*216,326
*34,412
1880.
2,136,1(50
568,244
405,391
84,559
* Decrease.
Directors (elected February 17, 1886). — Wm. Whitewright, Edward De Rose, New York
City; G. B. Warren, Troy, N. Y. ; Robert Garrett, W. F. Burns, James Sloan, Jr., W. F.
Frick, Wm. Donnell, D. H. Miller, John Gregg, Baltimore, Md.
CHARLES F. MAYER, President Baltimore, Md.
Secretary and Treasurer— C. W. Keim.. Baltimore, Md. | Resident Agt.& G.Supt.— P. L.Burwell.Cumberland.Md.
PRINCIPAL OFFICE AND ADDRESS 19 German Street, Baltimore, Md.
Fiscal Agency and Transfer Office 71 Broadway, New York, N. Y.
CUMBERLAND VALLEY RAILROAD COMPANY.
Main Line of Road. — Harrieburg, Pa., to Potomac River, Md 82.20 miles.
T _, ( Dillsburg and Mechanicsburg RR 7. 70
-R ^' \ Martinsburg and Potomac RR 11.80
: ( Southern Pennsylvania Ry 23.30—42.80 miles.
Total length of lines operated 125.00 miles.
2d track, 6.20 ; sidings, 19.60 miles. Gauge. 4 ft, 9 in. Rail(steel, 79.50 miles), 56 and 60 Ibs.
History.— Consolidation, May 31, 1865, of the Cumberland Valley and the Franklin
Railroad Companies. The former was chartered April 2, 1831 ; road opened from Cham-,
bersburg, Pa., to Harrisburg, Pa., 52 miles, in November, 1837. The Franklin Railroad
Company was chartered in Pennsylvania March 12, 1832, and in Maryland January 16, 1837.
The road was opened from Cliambersburg, Pa., to Hagerstown, Md., 22 miles, in 1839. To
this company the States of Pennsylvania and Maryland granted liberal aid. Shortly after
the completion of the road, the company becoming embarrassed, its rolling stock was sold,
and the road was placed in the hands of a sequestrator, who operated it with horse power
till 1852, when it was sold to parties who obligated themselves to rebuild it within a year, and
who organized the Chambersburg and Hagerstown Railroad Company for that purpose. On
the expiration of the year an extension of time was obtained, the company then taking the
name of the Chambersburg, Greencastle and Hagerstown Railroad Company. That com-
pany failing to make the required improvements, the road reverted to the States and was
transferred to a new Franklin Railroad Company, chartered February 2, 1859. That com-
pany entirely rebuilt the road, completing it February 29, 1860. It was leased oa comple-
tion to the Cumberland Valley Railroad Company, and was operated by that company till
May 31, 1865, when the two companies were consolidated. The extension from Hagerstown
to the Potomac River was built in 1873.
The Martinsburg and Potomac RR, was opened in September, 1873 ; the Dillsburg and
Mechanicsburg, May 17, 1873; the Southern Pennsylvania, as reorganized, April, 1871.
The Mont Alto RR., and the South Mountain Ry., formerly operated as branches of the
142
POOR'S MANUAL — CUMBERLAND VALLEY RR. "CO.
C. V. RR., are now operated by their respective companies, but in connection with the Cum
berland Valley RU.
Rolling Stock.— Locomotive engines, 28. Cars— passenger, 33 ; baggage, mail, etc., 20 ;
caboose, 8 ; freight (box, 245 ; stock, 31 ; gondola, 186), 462— total, 523.
Operations for year ending December 31, 1886 (main line — 82.20 miles). — Train mileage
— passenger, 299,243 ; freight, 220,395— total, 519,638 miles. Passengers carried, 604,456 ;
carried one mile, 11,242,882 ; average mile rate, 2.25 cents. Tons freight moved, 766,983 ;
moved one mile, 26,808,999 ; average ton-mile rate, 1.53/5 rents.
Expenses.— Transportation .................. $147,099 79
Motive Power ................... 100,601 62
Maintenance of Cars ............ 48,091 53
Maintenance Way and Buildings 219,577 55
General ......................... 22,051 95
Earnings.— Passenger $252,942 88
Freight 412,450 90
Mail 10,934 51
Express 20,03239
Miscellaneous. 37,346 94
Total ($8,925.88 per mile) $733,707 62 Total ($6,537.99 per mile) $537,422 44
Net earnings (26.71 per cent.), $196,285.18. Payments : Interest on bonds, $21,640 ;
dividends (January, April, July and October, 1886, 2 per cent, each), $142,228 ; taxes, $10,700.-
50 — total, $174,468.50. Balance, surplus, $21,716.68. Deduct for purchase of real estate,
$2,419 — balance, cash surplus from business of the year, $19,297.68.
DIVIDENDS PAID. — Preferred Stock: From April, 1850, to October, 1873, inclusive, 48
semi-annual dividends of 4 per cent, each ; in 1874, April, 4 per cent., October, 5 per cent.;
April and October, 1875, 5 per cent, each; January, 1876, to October, 1884, inclusive, 36
quarterly dividends of 2| per cent, each, and in 1885 and 1886, quarterly dividends, Jan.,
Apr., July and Oct., of 2 per cent. each. Common Stock : No. 1, 1 per cent., paid in October,
1856 ; in 1857, April and October, 2 per cent, each ; October, 1858, 3 percent. ; April, 1859,
to October, 1860, 4 semi-annual dividends, 3 per cent, each; in 1861, April, 3 per cent. t
October, 4 per cent. ; April, 1862, to October, 1873, inclusive, 24 semi-annual dividends of 4
per cent, each ; 1874, April 4 per cent., October, 5 per cent. ; 1875, April and October, 5 per
cent, each ; 1876 to 1886, inclusive, same as preferred dividends. There was also paid a
stock dividend of 25 per cent. November 1, 1866.
General Balance Sheet, December 31, 1886.
Road Equipment and Real Estate $1,992,907 30
Materials and Supplies 34,443 95
Trustees of Contingent Fund 519,656 33
Balance of Accounts 285,868 42
Cash on Hand 69,510 78
Capital Stock (par, $50) $1,777,850 00
FundedDebt 270,50000
Coupons and Dividends due 37,333 45
Due Contractors 79,52521
Profit and Loss 737,178 12
Total Assets $2,902,386 78 Total Liabilities $2,902,386 78
The capital stock consists of $241,900 1st preferred, $243,000 2d preferred, and $1,292,-
950 common. Preferred stock and 8 per cent, bonds were formerly interchangeable. Annual
meeting, first Monday in October.
The funded debt consists of two series of bonds, viz. : 1st mortgage 8 per cent, bonds, due
April 1, 1904, $161,000 ; 2d mortgage 8 per cent, bonds, due April 1, 1908, $109,500.
Denominations of bonds, $500 and $1,000. Interest payable April and October, at T. A.
Biddle & Co., Philadelphia. Dividends payable at Philadelphia and Carlisle.
Statement of earnings, expenses, etc. (all lines) year 1886 :
Main Line.
(82.2 m.)
Mar. & Pot. RR.
(11.8 m.)
Dil. &Mec.T{R.
(7.7 m.)
Sthn. Pa. Ry.
(23.3m.)
All Lines.
(125 m.)
Passenger Earnings
$
252,942 88
412,450 90
68,313 84
$
8,703 20
9,402 47
1,494 92
*
10,377 65
15,159 98
648 03
$
7,162 66
11,157 30
2,271 99
$
279,1S5 39
448,170 65
72,728 78
Freight Earnings. .
Mail, Express, etc., Earnings..
Gross Earnings
783,707 62
587,422 44
19,599 59
21,229 36
26,185 66
15,255 90
20,591 95
17,998 95
800,084 82
591,906 65
Operating Expenses
Net Earnings
196,285 18
* 1,629 77
10,929 76
2,593 00
208,178 17
* Deficit.
POOR'S MANUAL OF RAILROADS.
143
Statement of operations, etc. (all lines), for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
125.0
191,506
133,132
888,045
5,265,292
374.172
12,485,385
8
166,331
£30,859
52,779
125.0
213,478
181,049
125.0
235,893
194,077
452,932
8,967,a57
547,438
18,364,654
8
225,561
433796
34,280
125.0
248,602
195,181
501,943
9,708,700
t>13,425
21,673,434
$
247,711
453,503
61,672
125.0
279,749
260,222
548,712
11,154,814
711,814
30,018,284
$
283,217
637,580
50,592
125.0
343,134
278,646
689,218
13,052,802
645,163
27,965,208
8
301,779
487,150
55,586
125.0
337,185
125.0
339,879
162,351
619.448
11,503,636
779,283
27,957.814
8
279,185
448.171
72,729
Passenger Train Miles
Freight Train Miles
Passengers Carried
391,083
7,386,350
550,951
15,&52,346
$
190,187
378,288
28,831
589,434
11,342,502
610,297
25,844,864
8
279,294
436,589
53,764
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles. .
Passenger Earnings
Freight Earnings
Miscellaneous
Gross Earnings
549.969
298,368
597,300
363,827
693,637
473,0.21
762,836
531,696
871,389
633,825
844,515
629,285
769,647
532,001
900,085
605,026
Expenses, Taxes, etc
Net Earnings, ....
251,601
26,548
177,785
+ 47,263
4,399 67
2,386 94
2,012 73
54. 25 p. c.
2.90 c.
2.41 c.
233,473
26.548
177,785
+ 9,661
4,778 40
2,910 62
1.867 78
60.91 p. c.
2.86 c.
2.29 c.
220,616
26,548
177,785
-f 16,283
5,549 09
3,675 05
1,874 04
65. 75 p. c.
2.28 C.
2.11 c.
231,190
26,548
177,785
+ 26,859
6,103 09
4,253 56
1,849 53
69. 70 p. c.
2.55 c.
2.C9 c.
237,564
26.548
177,785
+ 33,231
6,971 11
5,070 60
1,900 51
72. 74 p. c.
2.54 c.
1.71 c.
215,230
22,667
168,896
+ 23,467
6,756 08
5,034 29
1,721 84
74.51 p. c.
2.31 c.
1.66 c.
237,646
21,640
142,228
+ 64,188
6,157 18
4,256 01
1,901 17
69. 13 p. c.
2.46 c.
195,059
21,640
142.228
+ 31,191
6,400 68
4,840 21
1,560 47
73. 29 p. c.
2.43 c.
Interest....
Dividends
Balance
Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
RAILROADS OWNED OB LEASED BY THE CUMBERLAND VALLEY RR. Co.
bonds, due August 1, 1895, $100,0i;0 ; floating debt, $25,221.12— total, $179,314.49. Cost of road, etc., 181,021.21.
FREDERICK WATTS, I'reaident ; E. M. Biddie, Treasurer. CORPORATE OFFICE, Carlisle, Pa.
MARTINSBURG- AND POTOMAC RAILROAD.-Martinsbnrg to Potomac River, 11.8 ; total
track, 12.69 miles. Organized in 1870 ; road opened in 1873. Leased for 99 years from completion ; rental, net
earnings. Interest in default since July 1, 1873. Earnings, 1886, $19,599.59; expenses, $21,229.36. Defldt,
81,629.77. Capital stock, $130,000 ; funded debt, 1st mortgage 7 per cent. 20-year gold bonds, due January 1,
1890, 8351,000— total, representing cost of ro«d, etc., $481,000. THOMAS B. KENNEDY, President, Chambersburg,
Pa.; M. T. Ingles, Secretary, Martinsburg, W. Va. CORPORATE OFFICE, Martinsburg, Pa.
SOUTHERN PENNSYLVANIA RAILWAY.-S. P. Junction to Richmond, Pa., 21.4 ; branch
(leased), 1.9 ; total tracks, 26.92 miles. Chartered in 1869 as 8. P. Iron & RR. Co.; road opened in 1871. Reor-
ganized after foreclosure sale in 1873 under present tille— Southern Pennsylvania Railway and Mining Co.
Leased for net earnings to C. V. RR. Co. Gross earnings, 1886, $20,591.95 ; expenses, $17,998.95 ; net earn-
ings, $2,593. Capital stock (par, $50), $800,000 ; 1st mortgage 7 per cent. 30-year bonds, due in 1900, $625,000
— total stock and bonds, $1,425.000. Cost of road and iron property, $97'4,065.86. No interest has been paid
since March 1, 1875. THOMAS B. KENNEDY, President ; W. L. Ritchie, Secretary. CORPORATE OFFICE, Cham-
bersburg, Pa.
Board of Directors Cumberland Valley RR. Co., elected October 5, 1886.
Thos. B.Kennedy. Chambersburg, Pa.
Frederick Waits Carlisle, Pa.
Thomas A. Biddle. Philadelphia, Pa.
Edmund Smith Philadelphia, Pa.
George B. Roberts. Philadelphia, Pa.
John P. Green Philadelphia, Pa.
Wistar Morris Philadelphia, Pa.
J. N. DnBarry Philadelphia, Pa.
, A. J. Cassatt Philadelphia. Pa. .
John Stewart.'. . . .Chambersburg, Pa.— W. W. Jennings. '. . . .Ilarrisburg, Pa.
THOMAS B. KENNEDY, President Chambertburg, Pa.
Treasurer and Secretary— IS,. M. Biddle Carlisle, Pa. | Superintendent— J '. F. Boyd Chambersburg, Pa.
PRINCIPAL OFFICE AND ADDRESS Chambersburg, Pa.
DANVILLE AND SHAMOKIN RAILROAD COMPANY. (In Progress.)
Line of Road. — Shamokin, Pa., to Danville, Pa 19 miles.
Track laid, 0.17. Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History. — This road was commenced in 1879, and will connect the Malianoy and Shamo-
kin Branch with the Catawis^a and Williamsport Branch of the Philadelphia and Reading
RR. No operations reported. Capital stock authorized (par, $50), $250,000 ; paid in Decem-
ber 31, 1886, $26,710. Cost of RR., as built (0.199 m.), $26,710.
AUSTIN CORBIN, President .Philadelphia, Pa.
Secretary— Howard Hancock Philadelphia, Pa. | Treasurer— John Welch Philadelphia, Pa.
PRINCIPAL OFFICIAL AND ADDRECS 227 South Fourth St., Philadelphia, Pa.
144 POOR'S MANUAL OF RAILROADS.
DELAWARE AND HUDSON CANAL COMPANY.
Lines of Railroad in Pennsylvania :
Lacka. and Susquclianna RR. : Nineveh, N. Y., to Jefferson June., Pn. (owned). 22.01 miles.
Jefferson RR. : Jefferson Junction to Carbondale, Pa. (trackage contract) 35.01 miles.
Valley RR. : Curbondale to Scranton, Pa. (owned) 16.77 miles.
Union RR. : Green Ridge to Wilkesbarre, Pa. (leaped) 19.95 miles.
Lehigh Valley RR. : Wilkesbarre to South Wilkesbarre, Pa. (trackage) 1.62 miles.
Plymouth and Wtlk'barre RR. and Bdge : So. WMlk'barre to Plym'th, Pa. (leas.ed) 2.03 miles.
L. and B. RR. : Plymouth, Pa., to Bull Run Switch (trackage contract) 0.78 miles.
Gravity RR. : Olyphant to Hoiiesdale, Pa. (owued ; gauge, 4 ft. 3 in.) 56.00 miles.
Total length of road operated in Pennsylvania 154.17 miles.
2d track, 23.04; sidings, 79.15 miles. Gauge, 4 ft. 3 in., 4 ft. 8£ in. Rail (steel, 111.70
miles), 44, 56 and 62 Ibs.
History. — The Delaware and Hudson Canal Company was chartered by the New York
Legislature, April 7, 1823, to construct a canal and railroad from the coal-fields of Pennsyl-
vania to toe Hudson River at Rondout, N. Y. The canal, extending from Honesdale to
Rondout was completed in October, 1838, the State of New York having in 1827 loaned its
credit to the enterprise to the amount of $500,000, and again in 1829 for $200,000. The
Gravity Railroad was completed iu 1829, in which year the coal product amounted to 7,000
tons.
The company is largely engaged iu the mining and sale of coal. Its operations during
1886 were as follows : Coal produced from company's mines, 3,499,727 tons, by others,
925,161 tons — total, 4,424,888 tons ; coal transported during 1886—1,785,907 tons east, via
Honesdale, 1,140,347 tons west over N. Y., L. E. & W. RR., 1,122,496 tons north over Albany
and Su^quehanna RR., 211,331 tons south, and 164,807 tons by local sales— total, 4,424,888
tons. The gross receipts of the entire system, during the year equalled $16,013,866.12 ;
expenses, $11,422,854.34 ; net earnings, $4,591,011.78. Paid taxes, interest and rentals,
$3,415,526.25. Balance, surplus, $1,175,485.53.
The company operates in the State of New York, under the name of the Northern Rail-
road Department (see pp. 16 to 22), the Albany and Susquehanna, the Reusselaer and Sara-
toga, the New York and Canada, the Rome and Clinton, and the Utica, Clinton and Bing-
hamton Railroads, with their branches and leased lines. The operations of the Lackawanna
and Susquehanna RR. are reported in connection with the Albany and Susquehanna RR.
In addition to its lines of railroad, as -above, there are also owned and operated in the
company's mining district 1G2.75 miles of tram road, of 3 ft. gauge, of which 146 miles are
under ground.
Rolling: Stock, Pennsylvania Division, December 31, 1886. — Locomotive engines, 63.
Cars — passenger, 16 ; baggage, mail and express, 6; freight (box, 26 ; coal, 4,130), 4,156 ; ca-
boose, 31 ; other, 73 — total, 4,'i82.
Operations for year ending December 31, 1886.— Pennsylvania Division (100.70 miles).
Trains run (passenger, 110,410; freight, 198,309; coal, 1,172,132), 1,480,851 miles. Pas-
sengers carried, 502,609 ; carried one mile, 4,616,063 ; average rate, 2.96 cent.-*. Freight
moved, 4,534,874; moved one mile, 162,488,477 tons. Average rate, 1.343 cents.
Earnings.— Passenger $141,227 68
Freight 2,250,853 90
Miscellaneous 148,850 14
Expenses.— Maintenance Way $191,918 93
Rolling Stock 140,733 15
Transportation 678,786 87
Expenses Gravity RR 687,836 47
Total ($16,874.63 per mile) $1,699,275 42
Total ($25,232.75 per mile) $2,C40,937 72
Net earnings (33.12 per cent.), $841,662.30.
The above statement relates to the traffic operations, earnings and expenses of the rail-
road in Pennsylvania during 1886. The disposition of net earnings is shown in the company's
profit and loss account following (page 146).
POORS MANUAL— DELAWARE AND HUDSON CANAL CO.
145
Statement showing length of all lines owned and operated December 31, 1886 :
Divisions.
Pennsylvania.
New York.
Vermont.
Total.
Main
Track
2d
Track
Total
Track
Main
Track
3d
Track
Total
Track
Main
Track
2d
Trk
Total
Track
Main
Track
2d
Truck
Total
Track
Steel
Bail.
Pennsylvania Division
Susquehanna Division
Saratoga Division
Champlain Division
Utica Division
M.
132.16
4.36
M.
23.04
M.
234.35
5.25
M.
204I92
155.35
149.94
44.06
M.
52!54
38.54
M.
sig'iae
259.46
172.19
61.61
M.
'&>!<55
M.
M.
'4?!72
M.
132.16
209.28
192.00
149.94
44.06
M.
23.04
52.54
38.54
M.
234.35
324.51
807.18
172.19
61.61
M.
111.70
271.14
201.79
99.28
31.28
Grand Total
114.12
136.52
23.04
239.60
554.27
91.08
813.52
36.65
47.72
727.44
1,099.8-.
715.19
Statement of profit and loss account and general balances D. & fl. C. Co., and of earnings
and expenses of leased lints, for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Profit and Loss Account.
Sales of Coal for Year
Canal Tolls
$
5,764,477
41,026
595,664
418,044
$
7,210,525
42,810
561,949
405,759
$
9,328,763
5.s,401
805914
519,212
2(5,183
345,075
$
8,993,540
60,008
812,455
436,8(X)
8,465
492,924
8
9,575,362
52,403
838,559
544,579
1.905
9
8,213,157
47,240
830,542
771, 394
7,201,049
54,551
694,940
792,716
$
7,399,095
58,410
841.662
633,867
Net Earnings Pa. RR
Interest, Sundry Profits, etc.
Profit on Leased Lines
Coal on Hand end of Year. .
Balance
535,265
630,643
727,284
745,436
892,804
649,905
332,653
Total Credits
7,985,119
673,651
3,003,894
641,952
933,768
1,181,344
1,234,450
316,960
8,948,327
535,265
3,171,369
596,828
801,306
1,133,520
1,343,974
14,643
1,351,423
11,083,548
727,234
3,935,304
755.331
1,594,385
543,995
1,374,785
10,804.2.-2
345,075
4,422,243
666,797
1,680,192
539,061
1,312,083
11,808,244
492,924
4,996,195
811,873
1,642,844
510,624
1,321,942
10,755,137
745,436
4,549,480
557,501
1,455,805
585,440
1,198,885
174,490
1,488,094
9,393,161
b92,805
3,975,296
592,803
826,988
522,776
1,082,768
313,330
1,180,390
9,265,687
649,905
4,2S9,907
767,151
873,547
468,930
1,009,067
21,6i)5
1,175,485
Coal on Hand beg'ng of Year
Mining Coal,
Coal Transportation, etc
Canal Freight and Expenses
Taxes and Sundry Expenses
Interest
Loss on Leased Lines
Balance
2,102,404
1,838,201
1,995,842
Total Debits
7,985,119
6,339,210
6,220,670
8,795,657
2,699,590
720,488
1.022,21)3
'300,000
3,597,075
54,675
878,000
535,26:,
14,735
974,099
4,480,702
2,130,387
1,009,779
1,208,72(3
8,948,327
6,339,210
6,414,700
8,846,317
2,713,258
746,792
1,022,9.18
300,000
3,597,075
54,675
962,130
727,284
14,735
1,222.076
4,294,708
2,020,702
1,164,955
11,083,548
6,339,210
6,456,258
9,027,804
2,729,311
690,397
1,022,938
300,000
3,597,075
271,595
1,148,323
345,075
1,089,513
1,015,529
2,985,349
2,348,357
1,535,720
10,804,252
6,339,210
6,581,070
9,044,175
2,751,237
683,185
1,022,938
301,000
3,597,075
313,894
1,408,449
492,924
1,023,521
1,202,677
3,658,429
1,385,915
1,223,288
11,808,244
6,339,210
6.957,188
9,035,163
2,796,329
670,078
1,022,93^
300,000
3,597,075
318,068
1,466,143
745,436
534.899
1,570,388
3,944,550
2,318,497
1,596,476
10,755,137
6,339,210
6,408,864
9,325,365
2,792,417
790.779
•1,022,938
300,000
3,597,075
291,756
1,611,254
892,804
14.735
2,200,910
3,372,000
1,122,648
1,701,164
9,393,101
6.339,210
7,134,089
9,028,325
2,795,485
934,856
1,022,938
300,000
3,597,075
299,196
992,561
649,905
207,231
1,050,792
2,740,040
2,605,107
1,359,832
9,265,687
6,339,210
7,257,329
9,725,394
2,792,511
1,C07,821
1,022,9£8
300.000
3,.; 97, 075
272,965
943,091
332,052
207,056
1,017,769
2,586,396
3,142,853
1,316,154
General Balances.
Canal
Road and Equipment
Real Estate
Mines and Fixtures
Coal Yard, Barges, etc
Lack, and Susq. RR
Cherry Val.,Sharon,& A.RR
New York and Canada RK.
Other Companies
Supplies on Hand
Coal on Hand.. .
Other Property and Assets.
Advances
Stocks, Bonds, etc
Cash on Hand
Bills and Accounts ....
Profit and Loss
Total Assets.
40,981,301
20,000,000
19,837,000
1,144,301
41,041,615
20,000,000
19,837,000
1,003,828
200,787
40,902,484
20,000,000
18.843,000
823,053
1,236,431
41,087,987
20,000,000
18,763,000
&36.S99
1,488,088
43,213,038
20,000,000
18,763,000
2,444,732
2,005,306
41,843,805
23,500,000
15,378,000
778,073
2,187,732
41,656,642
23,500,000
15,378,000
81'i,002
1,966,040
42,461,214
24,500,000
15,378,000
694,392
1,888,822
Capital Stock
Funded Debt
Miscellaneous Accounts.
Profit and Loss
Total Liabilities.
40,981,301
1,056,053
1,994,703
102,083
41,041,615
1,241,570
2,802,507
67,410
40,902,484
1,305,867
3,170,903
62,156
41,087,987
1,628,297
3,428,132
60,787
43,213,038
1,603,381
3,743,128
72,297
41,843,805
1,610,801
3,487,050
79,502
41,656,642
1,548,936
3,351,971
77,749
42,4*51,214
1,590,252
3,936,798
85,717
Leased Linen.
Earnings, Passenger
Earning?, Freight... .
Earnings, Miscellaneous.. . .
Total Earnings
3,152,833
1,761,7(50
1,707,139
4,111,487
2,392,463
1,733,607
4,598,926
2,8-23,420
1,749,323
5,123,216
3,335,423
1,779,327
5,418,806
3,577.349
1,839,552
5,177,353
3,454,092
1,897,751
4,978,656
3,34^,513
1.948,473
5,612,767
3,526,868
2,107,594
Operating Expenses
Rentals Paid
Totai Payments
3,468,899
4,126,130
4,572,743
5,114,750
5,416,901
5,351,843
5,291,986
5,634,4(2
Loss or Gain, D. & H. Co. .
(L) 316,060
(L) 14,643
(G) 26,183
(G) 8,466
(G) 1,905
(L) 174,490
(L) 313,?30
(L) 21,695
10
146
POOR'S MANUAL — DELAWARE, AND HUDSON CANAL CO.
Profit and Loss Account, year ending December 31, 1886.
Coal on Hand, Dec. 81, 1886 $649,905 10
Miningfoal 4.839,00732
Transportation Expenses, Canal, etc 767,150 88
Transportation to Tidewater ria Erie 873,547 23
Rondout Expenses 97,914 8fi
Taxes 183,699 22
Salaries, Rent, Miscellaneous, etc 137,073 29
Interest 1,069,06066
Weehawken Expenses 50,242' 16
Loss on Leased Lines 21.694 61
Balance 1,175,485 53
Sales of Coal, year 1886 $7,399.004 80
Canal Tolls..." 58,410 34
Miscellaneous Profits, including Insurance
Fund, Rentals, Boat Yard Account, In-
terest on Investments, etc 633,867 00
NetRR. Earnings in Pennsylvania 841,662 30
Coal on HandDec. 31, 1886 (.147,947.90 tons). 332,052 42
Total Debits $9,265,686 86 Total Credits $9,265,686
Profit and Loss Statement (Leased RRs. in New York), 1886.
From Passengers $1 ,590,252 1 1
From Freight 3,936,797 77
Miscellaneous a5,717 21— $5,612,767 09
Bal. to Profit & Loss Acct. D. & H. C. Co.. 21,694 61
Total.
Maintaining RRs $730,755 4
Maintaining Equipment (145.50273
Operating Roads 2,150,6(9 60
Rentals, Interest, and Dividends 2,107,5!I3 70
§5,034,461 70
$5,634,461 70 Total Payments
Profit and Loss Account (all RRs. operated), 1886.
Gross
Earnings.
Operating
Expenses.
Net
Earnings.
Albany and Susqnehanna
$2,521,536 06
2,297,573 39
793,657 64
2,540,937 72
$1,601,992 10
1,420,549 62
504,320 28
1,699,275 42
$919,543 9fi
877,023 77
289,331 36
841,662 30
New York and Canada
Pennsylvania Division
Totals '.
$8,153,704 81
$5,226,143 42
$2,927,561 39
2.107,593 70
interest, Rental, and Dividends
Profit for 1886
$819,967 69
NOTE.— The difference between the figures in the above statements and those given for the roads in New York
on pp. 147 to 151 arises from the fact that the above are for the calendar year, whereas those reported in New York
are for the year ending September 30, that being the close of the fiscal year in that State.
General Balance Sheet, December 81, 1886.
Canal $6,339,210 49
Railroiid imd Equipment 7,257,329 07
Real Estate ... 9.725,393 91
Coal Yards and Fixtures • 207,319 24
Mine Improvements, Fixtures, etc 2,792,510 64
Boats, Barges, and Steamboats 800,501 89
Lack, and Susquehanna RR 1,022,938 15
Cherry Valley, Sharon and Albany RR. . . 300,000 00
New York and Canada RR 3,597,074 48
Mechanicville and Fort Edward RR 59,971 99
Schenectady and Mt chanicville RR 212.992 70
Supplies 943,09088
Shop Machinery, Tools, etc 192.321 60
Coal on Hand 332,652 42
Telegraph Lines 14,734 80
Advances to Leased Lines 861,728 93
Stocks and Bonds 2,586,395 66
Advance* en Coal Royalties 756,039 56
Cash on Hand 8,142,853 25
Bills and Accounts Receivable 1,316,154 05
Cap! tal Stock (par, $100) $24,500,000 00
Bonds, 1871-1891 $5,549,000
Bonds, 1874-1894 4,829,000
Bonds, 1877-1917 5,000.100— 15,378.00000
Interest and Dividends January 1 , 1867 . . . 605,740 00
Due Depositors 45,840 13
Interest and Dividend Unclaimed 42.812 01
General Profit and Loss 1,888,821 57
Total Liabilities $42,461.213 71
Total Assets $42,461,213 71
Funded debt consists of —
1st mtg. registered 7 p. c. 20-year bon'ds, due 1891, interest Jan. and July $5,549,000
Debenture (coup, and reg.) 7 p. c. 20-year bonds, due 1894, int rest April & Oct 4,8-29,000
1st mtg. coup, and reg. (Pa. Div.) 7 p. c. 40-year bonds, due 1917, interest M. & S 5,000,000
The first mortgage bonds of 1891 are $1,000 each, and secured on the company's property
in the States of New York and New Jersey. The debenture bonds are of $1,000 each, num-
bers 1 to 1,000, and 3,001 to 5,000 being coupon with provision for registration of
principal ; numbers 1,001 to 3,000 are registered. Of this issue bonds numbered 1 to
1,000 and 8,001 to 4,000 were issued in London in 1875 by Morton, Rose & Co., bear their in-
dorsem^nt, and are on the Official List of the London Stock Exchange. Bonds of the same
issue, without the indorsement, to the amount of $1,000,000 are on same list. The Penn-
sylvania Division 7» of 1917 authorized amount to $10,000,000, of which $5,000,000 (numbers
POOR'S MANUAL— DELAWARE AND HUDSON CANAL CO. 147
1 to 5,000) are coupon bonds of $1,000 each, and the remainder registered bonds of $5,000
each, with provision for conversion of coupon into registered bonds. Of these bonds $5,000,-
000 were set apart to meet and retire the debentures, in accordance with a covenant in latter
bonds. Both debentures and Pennsylvania Division bonds are secured on the property of
the company in the State of Pennsylvania. Trustee of Pennsylvania Division mortgage,
Union Trust Co. of New York.
Stock and bonds listed on New Fork Stock Exchange ; debenture and Pennsylvania Di-
vision bonds on London Stock Exchange, and also quoted in Glasgow. Annual meeting
second Tuesday in May ; booka close for annual meeting 25 days prior thereto. Dividends
are payable at Bank of Commerce, New York, quarterly, the 15th of March, June, September
and December, and the books close about the 20th to the 25th of the month preceding each
payment. Interest is payable in New York at company's office and at Bank of Commerce.
The stocks and bonds owned are as follows :
Bonds of Various Companies $72.545 66 j Stocks R. & 8. RR. (16,078 shares) $1,607,800 00
Stocks A. & S. RR. (6,500 shares) 650,000 00 | Stocks Other Companies 265,050 00
DIVIDENDS. — During 1884 the company paid regular quarterly dividends of If per cent,
each— two on $20,000,000 and two on $23,500,000— amounting to $1,522,500; during 1885
regular quarterly dividends of 1| per cent, each, amounting to $1,410,000 ; in 1886 regular
quarterly dividends of 1^ per cent, each, amounting to $1,175,000 ; making the total amount
paid in dividends to date $46,860,995, of which $41,592,495 were paid in cash and $5,268,-
500 in stock. For statement showing increase of capital stock and amount and rate of divi-
dends paid from 1826 to 1883, see MANUAL for 1884, page 247.
The amounts paid in dividends during the past year are not shown in the accounts pre-
sented in this statement, for the reason that the General Profit and Loss Account, in which
they are charged, is not given in the company's report, the Profit and Loss Account for the
year 1886 being given instead.
On the 8th of May, 1883, an increase of the capital stock from $20,000,000 to $30,000,000
was authorized, the new stock to be offered to stockholders pro rata at par, and the proceeds
to be used in retiring the bonds maturing in 1884, 1887 and 1891. In 1884, $3,500,000 of this
stock was issued at par to retire the $3,385,000 7 per cent, bonds, which matured July 1, 1884,
the stock so issued being allotted to stockholders in the proportion of one share of new stock
for each six shares of old. In December, 1886, $1,000,000 additional was issued, and the
proceeds used in retiring an equal amount of bonds of the Union Coal Co., due January 1,
1887. The remaining $5,500,000 will be issued in 1891 to meet the first mortgage bonds then
to mature.
Board of Managers, elected May 11, 1886.
Abiel A. Low New York, N. T.
James M. Halsted.New York, N. Y.
Legrnnd B. Cannon. New York, N. Y.
James R. Taylor. . New York, N. Y.
John Jacob Astor..New York, N. Y.
James Roosevelt... New York, N. Y.
Abr. R. Van Nest.. New York, N. Y.
David Dows New York, N. Y.
Robt. M. Olyphant.New York, N. Y.
Benj. H. Bnstow..New York, N. Y.
John A. Stewart. . .New York, N. Y.
Frederick Billings.New York, N. Y.
R. Suydain Grant New York, N. Y.
ROBEKT M. OLYPHANT, President New York, N. Y.
Vice-Prest.— Legrand B. Cannon New York, N. Y. I Treasurfr— James C. Hartt New York, N. Y.
Ass'l Pres.& Gfen. Man— Horace Q. Young.Albany,N.Y. | Secretary— S. Murray Olyphant New York, N. Y.
( Coal and Iron Exchange, cor. Cortlandt and
PRINCIPAL OFFICE AND ADDRESS -j New church gtreet* fcew York, N. Y.
DELAWARE AND HUDSON CANAL COMPANY— Albany and Susquehanna
Railroad Division.
Lines of Load Leased and Operated :
Albany and Susquehanna RR. — Albany, N. Y., to Binghamton, N. Y. ." 142.51 m.
Cherry V., Sharon & Albany RR.— CoblseMll June., to Cherry V., N. Y. (leased). . . 21.04 m.
Schenectady and Duanenburg RR. — Schenectady to Duanesb. June., N. Y. (leased). . 13.79 in.
Schenectady and Mechanicvitte RR. — East Glenville to Coons, N. Y. (operated) 9.93 m.
Lackawanna and Susqueh. RR. — Nineveh, N. Y., to Jefferson J., Pa. (operated) 22.01 m.
Total length of lines (leased, 177.34 ; operated, 31.94 miles) 209.28 m.
148
POOR'S MANUAL OP RAILROADS.
The Delaware and Hudson Canal Company, of Pennsylvania, operates in the Stnte
of New York three divisions of railroad known as the Albany and Susquehanna Division,
which embraces the Albany and Susquehanna HR., with its leased lines, nnd the Schenectady
and Mechanicville and Lackawanna and Su?quehanna lines, built by the Canal Company ; the
Champlaiu Division, embracing the New York and Canada RR., and the Saratoga Division,
embracing the Rensselaer and Saratoga RR. and leased lines. The Utica Division, embrac-
ing the Utica, Clinton and Binghamton and the Rome and Clinton Railroads was operated
until June 30, 1836, when those lines were transferred under lease to the New York, Ontario
and Western RR. Co. The terms under which these several lines are leased or operated
are given in the statements for the respective comj anies.
Rolling Stock, September 30, 1886.— Locomotive engines, 87. Cars — passenger, 39 ;
baggage, mail, and express, 13 ; freight (box, 793; f-tock, 108 ; platform, 105 ; oil, 2 ; coal,
6,100), 7,108 — total, 7,160. Also 50 caboose and 4 sen ice cars.
Operations for year ending September 30, 1886. — Train mileage — passenger, 421,392;
freight, 1,221,600 ; other, 197,778— total, 1,840,770 miles. Passengers carried, 536,808 ;
carried one mile, 15,350,437. Average mile-rate, 2.45 cents. Tons freight moved, 2,669,838 ;
moved one mile, 292,571,738. Average rate per ton-mile, 0.82 cent.
Burnings.— Passenger $375,748 79
Freight 2,400,930 07
Mail and Express- . . 46,310 43
Miscellaneous . . . 18,420 42
Expenses.— Maintenance of Way $313,70152
Rolling Stock 346,13312
Transportation £09,004 99
Miscellaneous... 111,93516
Total ($13,577.07 per mile) $2,841,409 71 Total ($7,553.39 per mile) $1,580,774 79
Net earnings (44.37 per cent.), $1,260,634.92. Paid rentals, as follows : Albany and
Susquehanna RR. Co. dividends (7 p. c.), $245,000 ; interest on bonds, $656,080 ; organization,
$1,000— total, A. & S. RR. Co., $902,080 ; rental, S. & D. RR., $30,000 ; rental, C. V., S. & A.
RR., $10,930.13— total rentals, $943,010.13; taxes, $57,865.05— total, $1,000,875.18. Profit
to Delaware and Hudson Canal Co , $259,759.74.
RAILROADS LEASED on OWNED BY THE D. AND H. CANAL Co.
ALBANY AND SUSQUEHANNA RAILROAD. -Albany, N. Y., to Binghamton, N. Y., 142.51
miles ; 2d track, 52.54 miles ; sidings, etc., 54.11 miles— total track (steel, 202.47 miles), 249.16 miles. Gauge, 4 ft.
8J in. Rail, steel, 62 to 68 ; iron, 56 to 62 Ibs. Miles of steel rails, including leaned and operated roads, 270.54.
Chartered April 19, 1851 ; road opened from Albany to Schoharie. 35 miles, September 16, 1K63 ; to Binghamton,
January 14, 1869. Leased to the Delaware and Hudson Canal Co., February 24, 1870, for the term of its charter,
viz., 150 years from April 19, 1851 ; annual rental, interest on bonds, 7 per cent, dividends on capital stock, and
$1,000 for organization expenses. Rental 1885-86, $901,080. Payments: Interest, $656.080; dividends, January
and July, 84 per cent, each, $245,000 ; organization expenses, $1,000. A payment of $5.000 semi-annuaUy is also
made by the lessee to the trustee of the sinking fund of the City of Albany, and is invested by the latter in certain
funds for the ultimate payment of the Albany city bonds, issued to the lessor by the City of Albany. The amount
of this sinking fund on September 30, 1886, was $334,891.43. The Cherry Valley, Sharon and Albany RR., nominally
leaned to this company, is owned by the Delaware and Hudson Canal Co. financial Statement, September 30,
1886.— Capital f-tock, $3,500,000; funded debt, $10,115,000; due D. & H. C. Co.. $549.52 ; profit and loss, $44,-
650.18— total, $13,660,199.70. Contra: Cost of road and equipment, $13314,317.42; sinking fund, $334,891.43;
cash and other assets, $10,990.85. The amount of capital stock authorized, by charier, was $1,400.000. This was
subsequently increased to $4.000,000 by legislative enactment, and to $5,000,000 by terms of lease to Delaware
and Hudson Canal Co. On March 7, 1876, this amount was reduced to $3,500,000 by an amendment to said lease.
Semi annual dividends of 31 per cent, each have been regularly paid from July 1, 1871, to January 1, 1887,
both inclusive— a total of 32 payments aggregating 112 per cent.
Statement of funded debt in detail :
CLASSES OF BONDS.
Date.
Interest.
Mature.
Authorized.
Out-
standing.
Annual
Interest.
First Mortgage
July 1, 1863
Apr. 1/76 1
'65, '66 & '67
7 p. c., Jan. & July.
7 p. c., Apr. &Oct. (
6 p.c., Apr. &Oct. (
6 p. c., May & Nov.
July 1, 1888
Apr. 1, 1906
'95,'96 & '97
$1,000,000
I 3,000,000
| 7.000,000
1,000,000
$998.000
3,000,000
5.117,000
1,000,000
$69.8(50
210,000
307.0iO
60,000
First Consolidated Mortgage
Albany City Loan
Interest on bonds is payable at the office of the lessee. Dividends are paid January 1st and July 1st at the
National Bank of Commerce, New York City.
POOR'S MANUAL OF BAILROADS. 149
Board of Directors A. & S. RR. Co., elected September 7, 1886.
Ooe F. Young Honesdale, Pa.
Rob'tM. Olyphsnt.New York, N. Y.
John Westover.Richmondville. N. Y.
Minanl Harder... Cobleskill, N. Y.
W. L. M. Phelps Albany, N. Y.
Jas. Roosevelt .. Hyde Park, N. Y.
Henry M. Olmsted.Morristown, N.J.
Jas. R. Taylor New York, N. Y.
David Dows New York, N. Y.
Geo. I. Wilber Oneonla, N. Y.
Alf'd Van8antvoord.NewYork,N.Y.
Benj. H. Bristow. .New York, N. Y.
Horace G. Young Albany, N. Y.
Danl. Manning (representing City of
Albany Albany, N. Y.
COB P. YOUNG, President, Honesdale, Pa.; Wtn. L. M. Phelps, Secretary and Treafurer, Albany, N. Y.
CORPORATE OFFICE AND ADDRESS, Albany, N. Y. Lessee's Office, 21 Cortlandt Street, N. Y. Transfer Office,
Bunk of Commerce, New York.
CHERRY VALLEY, SHARON AND ALBANY RAILROAD.-Cobleskill to Cherry Valley.
21.04: total Track, 22.17 miles. Rail, iron, 56 to 62 ; steel (18 miles), 62 lb*. Organized June 10, 1869 : road
opened October 1, 1870. Leased on completion to Albany and Susquehanna RR. Co. Sold under foreclosure
April 10, 1876. and bought by Delaware and Hudson Canal Co. for $320,118.62. Operations included in report of
Albany and Susquehanna Railroad Division. Rental, 1885-86, $10,030.13. Capital stock (par, $50), $288,900;
funded debt (1st mortgage 7 per cent, bonds, dated December 15, 1871, due June 15, 1899), $300,000 ; sundry ac-
counts, $1,100— total, representing cost of road equipment, $500,000. Cost of road, $590,000.
LACKAWANNA AND SUSQUEHANNA RAILROAD.— Nineveh. N. Y.. to Jefferson Junc-
tion, Pa., 22.01 miles; sidings, etc., 4.94 milos. Rail (steel. 26.95 miles), 62 Ibs. Chartered May 9, 1867; road opened
January, 1872. This road was built by the Delaware and Hudson Canal Co., at a cost to date of $1,122,778.15. to
connect the Albany and Susquehanna RR., with its coal roads in Pennsylvania. It is operated in connection
with the Albany and Susqnehanna RR. Division. Locomotive engines, 11. Cars — passenger, 2; baggage, mail
and express, 2— total, 4. Officers— see DELAWAKE AND HUDSON CANAL COMPANY.
SCHENECTADY AND DUANESBTJRO- RAILROAD.— Quaker Street Junction, N. Y., to
Schenectady, N. Y., 13.79 miles ; total track (steel, 13.79), 15.75 miles. Originally the Schenectady and Susque-
hanna RR. chartered in 1869, opened in 1872, and reorganized after foreclosure sale under present title July 15,
1873. Leased to the Delaware and Hudson Canal Co., which guarantees interest ($30,000 per annum) on bo'nds.
Operations included in report of Albany and Snsquehanna RR. Division. Capital stock, $100,500; funded debt,
1st mortgage 6 per cent. 50-year bonds, due September 1, 1924, $500,000 ; due lessee for improvements, $69,949.61
—total, representing cost of road. $670,449.61. COE F. YOUNG, President, Honesdale, Pa.; James C. Hartt, Sec-
retary and Treasurer, New York City.
SCHENECTADY AND MECHANICVILLE RAILROAD.-East Glenville, N. Y., to Coons.
N. Y.. 9.93 miles ; total track (steel, 9.93 miles), 10.48 miles. Rail, 62 Ibs. Chartered May 9, 1867 ; road opened
in January, 1882. Built by Delaware and Hudson Canal Co., at a cost to September 30, 1886, of $212,992.70.
Operated in connection with the Albany and Susquehanna RR. Division.
DELAWARE AND HUDSON CANAL COMPANY— Champlain Division.
Lines of Road (NEW YORK AND CANADA RR., Leased) :
Main Line.— Whitehall, N. Y., to Rouse's Pt., N. Y 112.93 miles.
( Lake George : Ticonderoga, N. Y., to Baldwin, N. Y 4.42
Branches : •] Ausable : Plattsburg-, N. Y., to Ausable, N. Y 19.81
( Moore's Junction : West Chazv, N. Y., to Province Line 12.78 — 37.01 miles.
Total length of lines leased 149.94 miles.
Sidings, etc., 22.25 miles. Gauge, 4 ft. 8£ in. Rail (steel, 99.28 miles), 56, 62 and 68 Ibs.
Rolling Stock.— Owned by D. & H. Canal Co.
Operations for year ending September 30, 1886. — Train mileage — passenger, 168,876 ;
freight, 250,437 ; other, 35,838— total, 455,151 miles. Passengers carried, 149,918 ; carried
one mile, 6,642,203. Average rate per mile, 3.17 cents. Tons freight moved, 700.322;
moved one mile, 48,222,050. Average rate per mile, 1.08 cents.
Earnings.— Passenger $210,575 57
Freight 521,950 20
Mail, Express, etc 40,138 82
Expenses.— Maintenance of Way $136,057 78
Rolling Stock 79,446 17
Transportation, etc 256,067 86
Total ($5,153.16 permile) $772,664 59 Total ($3,145.07 per mile) $471,571 81
Net earnings (38.97 per cent.), $301,092.78. Paid taxes, $32,908.09 ; rental— interest on
bonds N. Y. & C. RR. Co., $235,879.44— total, $268,787.53. Balance, surplus, $32,305.25.
NEW YORK AND CANADA RAILROAD (Lesxor Comnamft Statement).— Whitehall, N. Y., to
Rouse's Koint, N. Y., 112.93 : branches as above, 37.01 ; total lines owned, 149.94 : total tr.ick (steel, 99.28 miles),
172.19 miles. Gauge, 4 ft. 8f in. Rail, 56. 62, 68 Ibs. Organized under the general railroad law of New York,
March 16, 1812 ; consolidated with the Montreal and Plattsburg and Whitehall and Plattsburg RR. Cos. February
5, 1873 ; consolidation confirmed by legislature April 15, 1873 ; the entire line between Whitehall and the Province
line was opened November 16, 1875 ; the Lake George branch was built under an Act passed March 25, 1873, and
was opened in May, 1875. The line between West Chazy and Rouse's Point w;is built under the general railroad
Jaw, opened in September, 1876. Leased from date of organization to the Delaware and Hudson Canal Co., and
now operated as its Champlain Division.
financial Statement, September 30. 1886.- Capital stock, $4,000,000 ; funded debt, 1st mortgage 6 per cent,
gold CO-year bonds, due May 1, 1904 (£800,000 stg.), $4,000,000 ; open accounts, $15?',155.31— total, representing
cost of road and equipment, $8,157,155.31.
150 POOR'S MANUAL OF RAILROADS.
Annual meeting, third Tuesday in June. Books close about thirty days prior thereto. The stock is almost
York at lessee's office.
Directors New York and Cannda RR. Co.— Isaac V. Baker, Comstnck's. N. Y.: Wm. W. Cook, Whitehall,
N. Y.; Andrew Williams, Plattsburg, N. Y.; Le Grand B. Cannon. J. C. Hartt. Robert Olvphant, Charli-s A.
Walker. James M. Halsted. New York, N. Y.; James R. Taylor, Brooklyn, N. Y.; Horace G. Yonns, Albany,
>". Y.: Kciiiicn A. llt-nry. Jersey City, N. J.: Coe F. Young. Honesdale, Pa.: James Roosevelt, Hyde Park. N. Y.
ISA Af V. BAKER, President, C 'mstock's, N. Y. : James C. Hartt, Treasurer, New York, N. Y. ; Charles A. Walker.
Secretary, New York, N. Y. PRINCIPAL OFFICE AND ADDRESS, Coal and Iron Exchange, New York City.
DELAWARE AND HUDSON CANAL COMPANY— Saratoga Division.
Lines of Road as Operated. —
Main Line. — Albany, N. Y., to Lake Chnrnplain, N. Y 79.14 miles.
f Waterford : Troy to Waterford Junction, N. Y 5 59
Green Island : West Troy to Green Island, N. Y 1.08
J Castleton : Whitehall, N. Y., to Castleton, N. Y 13.66
] Rutland: Eagle Bridge, N. Y., to Eutland, Vt 62.44
Schenectady : Ballston to Schenectady, N. Y 14.87
[ Glen's Falls : Fort Edward to Caldw'ell, N. Y 15.12—112.86 miles.
Total length of all lines September 30, 1885 192.00 miles.
2d track (main line, 32.45; branches, 6.09), 38.54 miles ; sidings (main line, 32.93 ; branches,
43.71), 76.64 miles. Total track (steel, 201.79 miles), 307.18 miles. Gauge, 4 ft. 8i in. Rail
—steel, 62 and 68 Ibs. ; iron, 56 and 62 Ibs.
This division of the Delaware and Hudson Canal Company's system of railroads com-
prises the Rensselaer and Saratoga RR. with its branches and leased lines. The main line,
as operated, is made up as follows : The (leased) Albany and Vermont RR., extending from
Albany to Waterford Junction, 12 18 miles; a section of the original Rensselaer and Saratoga,
from \Vaterford Junction to Ballston, 19.55 miles ; a section of the (leased) Saratoga and
Schenectady, from Ballston to Saratoga, 6.68 miles, and a section of the original Saratoga
and Whitehall, from Saratoga to Lake Cham plain, at Whitehall, N. Y.. 40.73 miles. Of the
Castleton Branch, the portion in Ve.rmont (6.83 miles) is the leased Rutland and Whitehall
RR. The Schenectady branch is the remaining portion of the leased Saratoga and Schenec-
tady RR., the Glen's Falls branch is the leased Glen's Falls RR., and Rutland branch is the
Rutland and Washington RR.
Rolling Stock. — Locomotive engines. 72. Cars — passenger, 105 ; baggage, mail, etc., 29 ;
freight (box, 850 ; platform, 291 ; stock, 5 ; coal, 568 ; ore, 89), 1,803— total, 1,937. Also, 20
caboose, 1 directors', and 6 service cars.
Operations for year ending September 30, 1886 (19'2 miles). — Train mileage — passenger,
620,100 ; freight, 387,429 ; other, 46,231— total, 1,053,760 miles. Paesengers carried, 2,139,-
386; carried one mile, 33,578,433. Average rate, 2.51 cents. Freight moved, 1,902,282;
moved one mile, 8T>, 187,168 tons. Average rate, 1.57 cents.
Earnings.— Passenger $844,330 10
Freight 1,341,827 28
Mails and Express 74,395 81
Miscellaneous 19,838 54
Total ($11,877.04 per mile) 82,280,391 73
Expenses.— Maintenance of Way $287,199 68
Rolling Stock 206,292 13
Transportation 642,145 74
Miscellaneous and Taxes 251,361 33
Total ($7,223.95 per mile) $1,386,998 88
Net earnings (39.18 per cent.), $893,392.85. Received dividend Champlain Transfer Co.,
$6,681.50. Net receipts, $900.074.35. Payments by lessees, as rental, being 8 per cent, on
the stock, $626,400 ; 7 per cent, on bonds, $134,750; interest on equipment, D. & H. C. Co.,
$52,835.91 ; maintenance of organization, $1,000 ; total R. & S. RR., $814,985.91 ; to A. & V.
UK., $20:000 ; to N. Y. C. & H. R. RR., $2,500 ; to Rutland and Whitehall RR., $15,492 ; to
Saratoga and Scbenectady RR., $31,750 ; Green Island lots, $455.81— total payments, $865,-
183.72. Balance, gain to D. & H. Canal Co., $14,890.63.
POOR'S MANUAL OF BAILKOADP. 151
RAILROADS LEASED OB OWNED BY THE D. AND H. CANAL Co.
ALBANY AND VERMONT RAILROAD.— Albany, N. Y., to Waterford Junction, N. Y., 12 mile*'.
Rail (steel), (12 Ibs. Organized us the Albany Northern RR. Co., February 20, 1851, »nd reorganized after foreclos-
ure sale, October 15, 1856, under name of Albany, Vermont and Canada RR. Co. On October 5, 1859, again *o]d
under foreclosure and the present company organized. Leased in perpetuity 10 the Rensselaer and Saratoga HR.
Co., June 12. 1860, and now operated m connection with that line oy the D. & H. Canal Co. Rental, $20,000 per
annum. Payments : Dividends (May 1 and November 1, 1888, H per cent, each), $18,000. Capital clock, 8600,000 ;
profit and loss, $24.900— total liabilities, $024,900. Contra: Cost of road, etc., $600,000 ; stocks and bonds, $23,-
000 ; cash on hand, $1,900. E. THOMPSON GALE, President ; Thomas W. Lockwood. Treasurer, Troy, N. Y.
GLEN'S FALLS RAILROAD.— Fort Edward, N. Y., to Caldwell, N. Y., 15.12 miles ; total track,
18.70 miles. Chartered July 26, 1867. Leased in perpetuity by the Rensselaer and Saratoga RR. Co., and by that
company transferred to the Delaware and Hudson Canal Co. Rental, $1 per annum. Capital stock (all owned by
R. & S. RR. Co.). $96.689.50 : funded debt, 7 per cent, bonds, JHO.OOO ; due lessee, $349,769.33— total. $456,408.83.
Cost of road, $456.408.83. GEO. H. CKAMER, President ; John H. Neher, Secretary and Treasurer, Troy, N. Y.
RENSSELAER AND SARATOGA RAILROAD.— This company owns portions of the insiin line
of the Delaware and Hudson Canal Company's Saratoga Division, extending from Watcvford Junction, N. Y.. to
Ballston, 19.55 miles, and from Saratoga to Lake Champlain, 40.73 miles, the gaps, as already shown, beine supplied
by the Albany and Vermont RR., 12.18 miles, and 6.68 miles of the Saratoga and Schenectady RR. It aiso owns
branches from Troy to Waterford Junction, 5.59 miles : from West Troy to Green Isliind, 1.08 miles ; from Eagle
Bridge, N. Y., to Rutland, Vt., 62.44 miles : and from Whitehall, N. Y., to the Vermont State Line. 6.83 miles-
making the total length of lines owned 136.22 miles. Chartered April 14, 1832 ; original R. & S. RR. opened March
19, 1836. In 1868, when the company owned 2>.14 miles of load and had perpetual leases of the Albany and Ver-
mont RR., 12.18 miles, and the Saratoga and Schenectady RR., 21.65 miles, it acquired by consolidation two roads
previously controlled by it, viz., the Troy, Salem and Rutland, or what is now known as the Rutland branch, 62.44
miles, and the Sarntoga" and Whitehall, extending from Saratoga via Whitehall, to Vermont Stute Line, 47.56 miles,
the latter also having a lease of the road from the Stnte Line to Castletpn, Vt., 6.83 miles. By this consolidation
the total mileage of the company was increased to 175.80 miles, of which 40.66 were leased. Since then the com-
pany built the Green Island Branch, 1.08 miles, and the cut-off near Ballston, 0.59 mile (taken up in 1883>, and
leased the Glen's Falls RR., 15.12 miles. Total length of all the lines owned (136.22 miles) and leased (55.78 miles)
by the Rensselaer and Saratoga RR. Co., September 30, 1886, 192 miles. Rental, 1886, $814.985.91 : interest, etc.,
$2,480— total, $817,465.91. Payments : Interest on bonds, $134,750 : dividends (January and July, each 4 per
cent.), 1626.400 ; organization, $1,000; interest on equipment, $52,835.91 ; sundries, $1,489.40— total, $810,475.31.
Surplus, $990.00.
Financial Statement, September 30, 1886.— Capital stock, $8.155,300; funded debt, 1st mortgage (coupon or
registered) 7 per cent. 50-year bonds, due May 1, 1921, interest payable May and November. $1,925.000 : open
accounts with Delaware and Hudson Canal Co., for betterments, $216,904.87 ; surplus, $53,345.97— total liabilities,
$10,350.550.84. Contra: Cost of road, $7.970,929.53: of Glen's Falls RR., $456,431.35; of Salem and Rutland
RR., $150,632.11 ; of Troy Union RR., $125,000 ; of Champlain Transportation Co. boats, purchased, $350,-
447.87 ; equipment, $1,243,764.01 ; sundry assets,$53,345.97— total, $10,350,550.84. Interest on bonds is payable-
registered at National Bank of Commerce, N. YT ; coupon, at office of Delaware and Hudson Canal Co., New
York. GEO. H. CRAMER, President ; John H. Neher, Secretary and Treasurer, Troy, N. Y.
RUTLAND AND WHITEHALL RAILROAD.-New York State Line to Castleton, Vt., 6.83
miles ; total track, 8.68 miles. Leased to the R. & S. RR. Co. at an annual rental of $15,492, being 6 per cent, on
cost of road, $258,100.
SARATOGA AND SCHENECTADY RAILROAD.— Saratoga to Schenectady. 21.56 miles ; total
track, 27.50 miles. Chartered February 16, 1881. Leased in perpetuity, in 1861, to the Rensselaer and Saratoga
RR. Co., and operated in connection with that line by the Delaware and Hudson Canal Co. Rental, $31,750, being
7 per cent, on capital stock of $450,000. Cost of road, $480,684.15. Dividends paid January and July. GEO. H.
CBAMKK, President ; John H. Neher, Secretary and Treasurer, Troy, N. Y.
DELAWARE AND HUDSON CANAL COMPANY— Utica Division.
Lines of Road Leased. —
Utica, Clinton and Binghamton RR.: Utica, N. Y., to Randallsville, N. Y.31.28
Rome and Clinton RR. ; Home, N. Y., to Clinton, N. Y 12.78—44.06 miles.
Sidings, etc., 17.55 miles. Gauge, 4 ft. 8$ in. Rail (steel, 31.28 miles), 56 to 68 Ibs.
History. — Up to April 1, 1884, these roads were operated by the Delaware, Lacka wanna
and Western RR. Co. under an agreement with the Delaware and Hudson Canal Co. , lessee.
On the 1st of June, 1886, the roads were leased for 35 years to the New York, Ontario and
Western Ry. Co. at a minimum yearly rental of $70,000. The operations given below are
for the 8 months ending June 30, 1886 ; those for the remaining 4 mouths are shown in the
New York, Ontario and Western statement — which see.
Rolling Stock (furnished by lessee). — Locomotive engines, 11. Cars — passenger, 6 ;
baggage, mail and express, 3 ; caboose, 3 ; other, 2 — total, 14.
Operations for 8 mouths ending June 30, 1886. — Train mileage — passenger, 33,612 ;
freight, 28,954 ; other, 28,718— total, 86,284 miles. Passengers carried, 104,065 ; carried
one mile, 1,156,979. Average rate per mile, 2.63 cents. Tons freight moved, 256,896 ;
moved one mile, 4,341,015. Average rate per mile, 2.07 cents. Earnings — passenger, $31,-
456.14 ; freight, $115,870.57 ; mail, express, etc., $5, 626. 81 -total ($3,471.48 per mile), $152,-
152 POOR'S MANUAL OF RAILROADS.
953.52. Operating expenses and taxes ($1,987.57 per mile), $87,572.26. Net earnings (42.75
per cent.), $65,381.26. Paid rentals, 8 months — Utica, Clinton and Binghamton RR. Co.,
$47,000; Rome and Clinton RR. Co., $17,000— total, $64,000. Profit to D. & H. C. Co.,
$1,381.26.
DELAWARE BAY AND CAPE MAY RAILROAD COMPANY.
Line of Road. — Cape May City, N. J., to Cape May Landing, N. J 3 miles.
Sidings, 0.50 mile. Gauge, 4 ft. 8£ in. Rail, 40 Ibs. per yard.
History. — Chartered April 12, 1879 ; road opened in June, 1879.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 9 ; baggage, 1 ; service, 1.
Operations, year ending December 31, 1886. — Passenger earnings, $8,174.51 ; freight,
$276.75; all sources, $8,451.26. Expenses, $9,158.46. Deficit, $707.20.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $30,000 ; current
accounts, $28,199 — total, $58,199. Contra: Cost of road and equipment, $49,952 26.
Directors (elected May 28, 1883).— Wm. Wharton, Jr., Wm. Selfridge, VVm. H. Shelmer-
dine, Philadelphia, Pa.; Downs Edmunds, Cape May City, N. J. ; Samuel H. Gray, Wm. S.
Cassleman, Florence F. Hogate, Camden, N. J.
WILLIAM WHARTON, JR., President Philadelphia, Pa.
Sec. and Treas.—Wm. Selfridge Philadelphia, Pa. | General Manager— James Learning Cape May, N. J.
PKINCIPAL OFFICE AND ADDKESS Cape May City, N. J.
DELAWARE, LACKAWANNA AND WESTERN RAILROAD COMPANY.
Main Line of Road. — Delaware River (N. J. Line) to New York State Line. 114. 61 miles.
Bloomsburg Branch : Scranton, Pa., to Northumberland, Pa 80.00 miles.
Winton, Keyser Valley, and Storrs" Branches 15.30 mile?.
Lines leased in State of New York (inlcuding N. Y., Lack. & West, in Peim.). . .400.74 miles.
Lines leased in State of New Jersey 166.37 miles.
Lines controlled and operated 111.87 milts.
Total length of all lines owned, leased and controlled January 1, 1887 888.89 miles.
Gauge, 4 ft. 8i in. Rail (steel, 1,568.20 miles), 60 and 68£ Ibs.
History. — Consolidation, December 10, 1853, of the Lackawanna and Western (chartered
March 14, 1849), and the Delaware and Cobb's Gap (chartered December 26, 1850). Road
opened from Scranton to Great Bend October 20, 1851, and from Scranton to the Delaware
River Way 27, 1856. In 1854 a lease was taken of the Warren RR.. extending from the Dela-
•n are River to a junction with the Central RR. of New Jersey, the latter line being used up to
1875 as an outlet to the Hudson River. In 1868 a lea e was taken of the Morris and Essex
RR., which now, with the Warren RR., forms this company's line to the Hudson. In 1855 a
perpetual lease was taken of the Cayuga and Susquehanna RR. In 1870. control was obtained
of the Syrncuse, Binghamton and New York RR., by the purchase, of the major part of its
stock. In 1871 the Valley RR., extending from Great Bend to Binghamton, was built, in
order to form a connection with the Syracuse, Binghamton and New York RR., the Greene,
and the Utica, Cheuango and Susquehanna Valley RR. leased lines. In 1873, the D., L. & W.
and the Lackawanna and Bloomsburg RR. Cos. were consolidated. In September, 1881, the
company obtained control of the Sussex RR. of New Jersey, by the purchase of a major part
of its stock. In October, 1882, a lease was taken of the New York, Lackawanna and Western
Ry., which extended the line to Buffalo, and in November following of the Pagsaic and Dela-
ware RR. in New Jercey.
Rolling Stock (all lines owned and leased— 777.02 miles).— Locomotive engines, 480.
Cars— passenger, 288; bsggage, mail and express, 88; freight (box, 7,107; platform, 4,615;
coal, 20,584), 32,306— total, 32,682. Also, 779 service cars.
POOIi's MANUAL— DELAWARE, LACKAWANNA AND WESTERN RR. CO. 153
Statement (A) showing mileage of all lines owned, leaped or operated, December 31, 1880:
Single
Track.
Double
Track.
Length ol
RR.
Sidings.
Total
Track.
Steel
Rail.
Iron
Rails.
State of Pennsylvania :
Main Line
Miles.
Miles.
114 61
Miles.
114 61
Miles.
71 55
Miles.
300 7"
Miles.
273 43
Miles.
27 34
Bloomsburg Division
58 00
22 00
80 00
90 63
192 63
127 11
65 52
Keyser Valley Branch
5.00
5 00
11 74
16 74
5 52
11 22
Winton Branch
7 50
7 50
7 rX)
6 75
75
Storrs' Branch
2 80
2 80
2 80
2 8(
New York, Lack. & West, in i'a...
6 41
6 41
12 82
12 82
Total Pennsylvania
T3 30
143 02
216 32
173 S2
533 26
428 43
104 83
State nf New Jtrtey :
Morris & Essex
11.66
108 19
119 85
151 53
379 57
268 38
111 19
Newark & Bloomfleld
1.49
2 '.5
4 24
2 11
9 10
8 2i
83
Passaic and Delaware
13 99
13 99
2 26
16 25
0 15
16 10
Chester
lo 02
10 02
11 7*1
11 79
Wairen
4.06
13 61
18 27
9 12
41 CO
31 50
9 50
Total New Jersey
41 82
124 55
166 37
166 79
457 71
308 30
149 41
State of New York :
Valley
11 64
11 64
2 22
25 50
24 32
1 18
New York, Lack. & Western. . . .
1.24
206. £5
207.79
71 16
485 50
4^5 50
Greene
8 10
8 10
65
8 75
7 95
80
Utica, Chenango & Susq. Valley.
97.41
97 41
20 36
llT 77
97 41
20.36
Caynga & Susquehanna
34.41
34 41
6 00
40 41
SO IX)
10 41
Oswego & Syracuse
34 98
34 98
22 24
57 22
37 25
19 97
Total New York
176 14
218 19
394 33
122 63
735 15
682 43
52 72
Total Owned and Leased
291.26
485 76
777.02
463 34
1,726 12
1 419 16
306 96
Controlled and Operated :
Sussex ...
30 87
30 87
4 39
35 26
23 39
11 87
Syracuse, Bing. & New York
49 50
31 50
81 00
34 86
147 36
125 65
21 71
Total Controlled and Operated
80 37
31 50
111 87
39 25
182 62
149 04
33 58
Grand Total
371 63
517 26
888 89
502 59
1 908 74
1 508 20
340 54
Operations.— Statement (B) showing, for year ending December 31, 1886, traffic opera-
tions, earnings, expenses, etc., of all lines owned, leased and operated :
Owned and Leased Roads, in —
Controlled Roads.
Total of all
lines owned,
leased and
controlled.
Penna.
N. Y.
N. J.
Total.
Svr.,Bing.
&N. Y.
Sussex.
Total.
Miles RR. Operated. . .
Train Mileage •
Passenger
216.32
963,381
1,471,118
4,201,204
394.33
1,122,096
1,738,612
1,702, !54
1C6.37
1,400,873
1,402,354
1,508,910
777.02
3,576,450
4,702,084
7,412,568
81.00
254.469
381 ',473
36,096
30.87
55,483
41,624
7,438
111.87
309.952
423,097
43,534
888.89
3,886,302
5,125,181
7,456,102
Freight
Coal
Total
6,635,703
1,193.042
26,674,771
8,058,372
485,913,557
746,224
1,808,882
4,049,733
4,563,162
8x'3.982
25,187.041
4,814,558
570,233,560
$
682.903
2,509,602
3,068,546
4,492,137
6,420,815
91,521,939
4,308,787
259,102,4S1
$
1,599,360
1,233,207
1,917,385
15,691,002
8,152,228
143,384.a51
9,318.773
1,315,249,598
$
3,028,487
5,611,691
9,035,604
672,038
242,814
6,8-28,749
1.257,346
74,828,208
$
225,023
243,032
298,624
104,545
79434
838,100
151,357
2,946,377
$
41,949
35,236
11,341
776,583
34-2,248
7,666,849
1,408,703
77,774,585
$
26!i,972
278.268
309,965
16,467.585
8,487,980
151,051,200
9,401,524
1,393,024,183
$
3,995,459
5,889.959
9,345,629
Passengers Carried
Passeng'rsCar'd one M.
Tons Freight Moved . .
Tons Ft. Moved one M.
Traffic Earnings :
Passengers
Merchandise
Coal
Total Earnings
6,664,839
$
412,026
1,050,808
2,006,079
6,261,051
$
555,652
1,267,394
1,147,233
4,749,952
$
930689
1,107,851
982,178
17,675,842
$
1,898,367
3.42!i,053
4,195,490
766,679
s
160,145
258,044
54,952
88,526
$
30.807
34,117
5,057
855,205
$
190 952
292.761
60,009
18,531,047
$
2,089,319
3.718,814
4,255,499
Traffic Expenses :
Passengers
Merchandise
Coal
Total Expenses
3,528,913
3,135,926
30.810 09
16,313 39
14,496 70
52.94 p. c.
2.bO c.
1.22 c.
2,970,279
3,290,772
15,877 69
7,532 47
8,345 22
47.44 p. c.
2.71 c.
0.98 c.
3,020,718
1.729,234
28,550 53
18,156 03
10,394 50
63.59 p. c.
1.75c.
1.22C.
9.519,910
8.155,<>32
22,748 24
12,251 82
10.496 42
53.86 p. c.
2.11 c.
1.11 C.
473,741
292,938
9,4(15 17
5,848 65
3,616 52
61.79 p. c.
3.29 c.
0.72 C.
69.981
18,545
2,867 70
2,266 9«
600 74
79.05 p. c.
5.00 c.
1.58 c.
543,722
311,483
7,<;41 03
4,8 0 30
2,784 33
63.57 p. c.
3.48 c.
0.75 c.
10,063,632
8,467.415
20.847 40
11,321 57
9,525 83
54.30 p. c.
2.18 c.
1.09 C.
Net Earnings
Gross Earnings per M.
Operating Ex's per M.
Nt-t Earnings per M. . .
Expenses to Earnings.
Earn'gs per pass.pirM.
Earn'gs per ton per M.
154 POOR'S MANUAL — DELAWARE, LACKAWANNA AND WESTERN RR. CO.
Statement (C) of capital account and operations all lines owned and leased, for six years
1881
1882
1883
1884
1885
1886
669.06
1,448.37
930.96
1.977,920
j- 7,516,856 1
9,494,776
5,244,192
74,4"9,9S4
7,115,065
676,221,610
4,805,424
$
1,804,025 15
10,426.755 99
186,953 31
775.28
^1,621.63
1,225.05
2,208,258
2,542,519
5,765,955
10,516,732
6,070,329
91,025,844
7,452,757
711,640,163
5,048,349
$
2,025,150 87
9,634,910 14
818,798 43
775.36
1,683.43
1,314.85
2,939,757
3,628,968
7,2r>2,680
13.821.405
6.872,856
119,638,1-02
8,159,299
1,079,805,508
5,519,164
$
2,510.809 29
12,638,812 28
1,471,776 11
775.86
1,714.70
1,376.50
3,286,833
4,320,416
7,310,092
14,917.341
7,132,540
133,613,424
8,411,210
1, 14"<,514,066
5,774,904
8
2,509,203 40
12,382.015 25
1,444,53422
776.99
1,717.30
1,387.98
3,077,622
4,091.349
6,840,908
14,009,879
7.529,121
128,072,280
8.203.714
1,162,031,052
5,583.996
$
2,327,846 18
12,149.0S2 C3
1.448,530 63
777.03
1.720.12
1,419.16
8,9nj,8SO
4,702,084
7,412,568
15,6!ll.m2
8,152,228
143.384.351
9,318,773
1,315,249.598
5,902,452
8
3,028,487 18
5.611.691 48
9.0.35,663 50
Mill's of Track
Miles of Steel Rail
Passenger Train Miles
Krt'i"ht Train Miles
Total Train Miles
Passengers Carried
Freight (tons) Moved
Freight (ton) Miles.
Coal Tons (inaik. asf'gt), gross.
Gross* Earnings, RR
Earnings from other Sources. . .
Earnings from all Sources
Expenses and Taxes, RR
12,417.73445
14,978,791 55
12,478,859 44
14,527,407 71
16,621,397 68
16,198,208 05
16.335,752 87
14,970,239 53
15,925,459 44
15.16B.218 19
17,675,842 16
14.667,02355
27,396,526 00
6,486,304 34
27,006,267 15
6.724,365 05
931,701 59
12,507,012 27
32,819,605 73
9,555,656 22
1,072,816 59
13,537,392 25
31,311,99240
9,394,577 37
385,032 02
13,013,569 37
31,091,67763
8,397,813 13
443,182 43
14,822,759 10
32.342,865 71
9,519,910 01
164,029 66
15,434,523 25
New Eqnipment and Tracks. ..
13,140,357 33
Totnl Expenses
19,632,601 67
7,763,864 33
302,194 67
3,256,230 07
1,768,500 00
18,559 97
9,694 65 .
8,865 32
53.23 p. c.
8
26,200,000 00
4,044,900 00
430,53100
20,163,078 91
6,843,188 24
283,143 00
3,337,565 74
2,096,000 00
16,100 64
9,878 71
6,221 93
61.35 p. c.
$
26,200,000 00
4,044.900 00
222,149 00
24,165,804 80
8,1)53,740 87
283,143 00
4,663,800 30
2,096,000 00
21,437 01
13,707 79
7,72922
63.94 p. c.
$
26,200,000 00
4,044,900 00
23.393,17936
7,918.81304
283,143 00
4,830,179 50
2,096,000 00
21,055 03
12,108 60
8,946 43
56.89 p. c.
8
26,200.000 00
4,044,900 00
23,663,754 66
7,427,922 07
261,507 17
4,925,562 00
1,985,000 00
20,496 35
10,808 14
9,68821
52.73 p. c.
8
26,800,000 00
3,674,000 00
25,118,462 92
7,224,402 79
257,180 00
4,929,531 17
1,834,00000
22.748 24
12.251 82
10,496 42
53.86 p. C.
8
26.200,000 0»
3,674,000 00
Net Earnings
Rentals
Net Earnings per Mile
Expenses to Earning!'
Capital Stock
Funded Debt
Net Floating Debt
Renewal Fund .
439 560 00
Profit and Loss
7,585,298 00
8,711,77700
10,322,574 00
11,032,06500
11,307,89891
11.511,59053
Total Liabilities
38,860,729 00
30,873,357 00
6,265,521 00
1,121,851 00
39,178,82600
32,072,860 00
5,763,146 00
1,342,820 00
41,007,03400
33,089.386 00
6.503,852 00
1,265,809 00
147,987 00
41,276,965 00
34.250,418 00
5,449,713 00
1,049,712 00
527,122 00
41,181,898 91
34.508,047 44
5,374,918 00
941,370 69
357.562 78
41,385,590 53
34,4!)6,431 37
4,770,653 82
1,221,1739*
897,331 42
Permanent Property
Stocks and Bonds
Materials and Supplies
Net Current Accounts
Totnl Property and Assets. . .
•38,260,729 00
39,178,826 00
41,007,03400
41,276,965 00
41,181,898 91
41,385,590 53
Expenditures for new tracks, etc., previous to 1884 were included in traffic expenses ; average expenses per
mile and proportion of expenses to earnings are consequently decreased in 1884, 1885 and 1886 to a slight extent
from that cause.
Following is the income accrunt of the Delaware, Lackawanua and Western RR. Co.
In this account the earnings, etc., of the lines operated but not leased — the Syracuse, Bing-
hamton and New York and the Sussex— are not included.
Income Account, Delaware, Lackawanna and Western RR. Co., year ending Dec. 31, 1886.
Gross Earnings RR. Dept.. $17,675,842 16
Gross Expenses RR.Dept.. 9,519,910.01— $8,155,932 15
Coal Receipts, etc 14,667,023.55
Mining, etc 15,424,523.25
Deficit - 767,49970
Total Available Revenue $7,388,432 45
Rental Leased Lines $4,929,531 17
Interest on Bonds 257,180 00
Dividends (7 per cent.— quarterly) 1,834,000 00
New Equipment and Tracks 164,02966
Surplus, December 31, 1886 203,691 62
Total Payments, etc $7,388,432 45
Of the amount paid for new equipment and tracks, $97,332.54 was for equipment, and
166,697.12 for new tracks, buildings, etc.
Statement of funded debt, December 81. 1886 :
Convertible 7 per cent. 20-year bond?, due June 1, 1892 $600,000
Consolidated mortgage 7 per cent. 30-year bonds, due September 1, 1907 3,067^000
2d mortgage (L. B., 80 ni.), 7 per cent. 30-year bonds, due May 15, 1890 7 000
POOES MANUAL — DELAWAEE, LACKAWANNA AND WESTERN KB. CO. 155
General Balance Sheet, December 31, 1886.
Construction. Equipment, etc $34,496,431 37
Materials and Supplies 1,221,173 92
Stock and Bonds (mkt. val., $5,571,974.82). 4,770.653 82
Coal on hand (less than mkt. val.) 690,766 06
Advance!* to Leased Lines 1,H06,034 '6
Advances on Coal, etc 1,113,107 05
Coal Bills and Accounts Due 1,721,561 98
Assets N. Y., L. & W. Ry 741,500 00
Sundry Accounts and Loans !»37,467 16
Cash on Hand 693,904 39
Capital Stock (par, $50) $2fi,200,000 00
Funded Debt 3,(i74,000 00
Div., Int. and Rent past due 175.370 78
D., L. & W. Dividend, payable Jan. 20, '87 458,501 26
Rent Payable after Jan. 1, 1887 1,724,154 29
State Taxes, Payable after Jan. 1, 1887 . . . 881,755 69
December Pay-Kolls, pay. aft. Jan. 1, '87. 577,330 CO
Voucher" and Acct's, pay. alter Jan. 1, '87 1.470,268 97
Bonds and Mortgages 860,436 09
Sundry Transportation Accounts 953,192 00
Profli and Loss 11,511,590 53
Total Assets $47,992,600 51 Total Liabilities $47,992,600 51
Of the $6,607,009.98 accounts payable in above balance sheet, $3,122,739 have since been paid off.
Statement (D) of hngth. capital accoums, <ot-t, « amines, and rental charges of tL^ D., L.
& W. RR. Department, and leased and operated roads for 1886:
NAME OF
ROAD.
L'gth
Liabilities.
Cost of
Road.
Equipm't,
Mines, etc.
Earnings Year 1886.
Payments.
Stocks.
Bonds.
Other
Debt.
Total.
Gross.
Net.
Divi-
dends.
Interest.
Del. Lack. & W.
Tot. in Penn
Lines in N. Y.
N.Y.,L. & W.
Cay. & Susq..
Valley
M.
209.91
$
26,200,000
$
3,674,000
$
$
29,874,000
34,496,431
$
6,664,839
$
3,135,926
$
1,834,000
$
257,180
209.91
26,200,000
3,674,000
29,874,000 34,496,431
6,664,839
3,135,926
1,834,000
257,180
214.20
34.41
11.64
97.41
8.10
34.98
10,000,000
589,110
750,000
4,000.000
200,000
1,320,400
17,000,000
832,061
27,832,061
589,110
1,159,559
4,272,714
400,086
2,486,424
27,832,061
600,000
1,159,559
4,272.714
400,086
2,457,764
-6,261,051
3,290,772-1
I
500,000
54,600
37,500
240,000
12,000
118,836
970,000
400,000
9,559
272,714
86
60,024
20,000
Ut.,Ch'g&S'e
Greene
21)0,000
1,106,000
14,000
64,060 t
Osw. & Syrac'e
Total in N.Y
Lines in N.J.
Mor's & Essex.
Chester
400.74
16,859,510
18,706,000
1,174,444
36,739,954 36,722,184
6,261,051
3,290,772
962,936
1,068,060
119.85
10.02
4.24
18.27
13.99
15,000,000
98,500
103,850
1,800,000
111,050
23,773,000
100,000
217,068
26,191
150,064
34,816
5,484
38,990,0e8
224,691
253,914
3,184,816
116,534
37,890,323
224,691
25-1,914
3,184,816
116,534
j- 4,749,9^2
1,729,234-
1,050,000
1,609,252
7,000
N'k&Brfield.
Warren
6,231
126,000
5,552
1,350,000
94,500
Passaic & Del..
Total in N.J.
Tot. Ow'd & L.
8yr.,B. & N.Y.
Sussex
Tot. ContTd (
& Operat'd (
Tot.of all L'n's
166.37
17,113,400
25,223,000
433,623
42,770,023
41,670.278
4,749,952
1,729,234
1.187,783)1,710,752
777.02
60,172,910
47,603,000
1,608,067
109,383,977
112,888,893
17,675,842
8,155,932
3,984,719 3,035,992
81.00
30.87
2,500,000
1, 638,600
2,020,000
236,500
29"285
4,520,000
1,904,385
4,637,570
1,911,429
766,679
88,526
292,938
18,545
150.COO
141,400
16,555
111.87
4,138,600
2,256,500
29,285
6,424,385
6,548,999
855,205
311,483
150,000
157,955
888.89
64,311,510
49,859,500
1,637,352
115,808,362
119,437,892
18,531,047
8,407,415
4,134,719 3.193.947
The rentals were as follows : To the Morris and Essex, 7 per cent, on stock and 7 to 5
and 4£ on bonds ; to the Oswego and Syracuse, 9 per cent, on capital stock and 7 and 5 per
cent, on bonds ; to the Utica, Chenango and Susquehanna Valley, 6 per cent, on capital btock ;
to the Valley, 5 per cent, on capital stock and on bonds ; to the Greene, 6 percent, on capital
stock, and 7 per cent, on bonds ; to the Cayuga and Susquehanna, $54,600 (fixed rental) ; to
the Warren, 7 per cent, on stock and bonds ; to the Chester, 7 per cent, on bonds ; to the
Newark and Bloomfield, 6 percent, on stock ; to the Passaic and Delaware, 5 per cent, on
capital stock ; to the New York, Lackawanna and Western, 5 per cent, on capital stock and
5 and 6 per cent, on bonds. The C'liester and the Newark and Bloomfield RRs. are leased to
the Morris and Essex RR. Co., and the leases assumed by the D., L. & W. RK. Co.
Statement (E) of gross and net earnings of D., L. & W. RR. Co., including the coal de-
partment, for fifteen years :
Year.
Gross Earnings.
Net Earnings.
Year.
Gross Earnings.
Net Earnings.
Year.
Gross Earnings.
Net Earnings
1872.
1873.
1874.
1875.
1876.
$21,660,013 69
25,534,989 12
22,741,521 48
27,014,846 85
17,447,916 97
$1,295,488 72
5,331,310 29
5,743,750 54
7,162,183 87
4,001,861 46
1877*
1878
1H79.
1880.
1881.
$14,871,311 38
14,454,405 17
20,220,708 04
21,656,604 69
27,396,526 00
$2,479,197 40
3,618,129 00
3,810,451 73
5,903,471 05
7,763,864 33
1882.
1883.
1884.
1885.
1886.
$27,006,267 15
32,819.605 73
31,311,992 40
31,091,677 63
32,342,865 71
$6,843.188 24
8,653,740 87
7,918,813 04
7.871,105 40
7,388,432 45
* Strike.
156
POOR'S MANUAL OF RAILROADS.
Statement (F) of dividends paid by the Delaware, Lackawanna and Western Railroad
Company since its organization :
No.
Date.
p. c.
No.
Date.
p. c.
No.
Date.
p. c.
No.
Date.
p. c.
1854
Jan. 10
3
1864
Nov. 14
10
22
1874
Jan. 20
5
40
1882
July 20
o
July 10
8
6
1805
Jan. 20
5
23
April 20
2*
41
Oct. 20
2
1865
Jan. 10
3
1866
Jan. 20
(d)lO
24
July 20
2*
42
1883
Jan. 20
2
July 10
3
7
Jan. 22
5
25
Oct. 20
a*
43
April 20
2
1856
Jan. 10
3
8-
July 10
5
26
1875
Jan. 20
2*
44
July 20
2
July 10
(a) 3
9
1867
Jan. 2
5
27
April 20
2*
45
Oct. 20
2
1857
Feb. 30
(a) 3
10
July 22
(«> 5
28
July 20
4
46
1684
Jan. 20
2
1860
May 15
(6)18
11
1868
Jiin. 15
(/) 5
29
Oct. 20
•»
47
April 20
2
1
July 2
(c) 6
12
July 20
(?) 5
30
1876
Jan. 20
2*
48
July 20
2
1861
July 10
(a) 6
13
1869
Jan. 20
5
31
April 20
*
49
Oct. 20
2
2
1862
June 30
6
14
July 20
5
32
July 20
»*
50
1885
Jan. 20
2
3
Dec. 81
4
15
1870
Jan. 20
>>
33
1880
Oct. 20
H
51
April 20
2
4
1863
July 7
5
16
July 20
5
34
1881
Jan. 20
H
52
July 20
2
July 20
(d)10
17
Dec. 31
(A) 6
35
April 20
H
53
Oct. 20
U
Oct. 81
15
18
1872
Jan. 20
5
36
July 20
n
54
1886
Jan. 20
1*
1864
Jan. 4
(0)20
19
April 20
24
37
Oct. 20
H
55
April 20
1*
5
July 15
5
20
July 20
»
38
1882
Jan. 20
2
56
July 20
H
Nov. 12
(d)50
21
1873
July 15
5
39
April 20
2
57
Oct. 20
U
(a) Warren stock, (b) Stock scrip, (c) Indorsed on new scrip, (d) Stock. (e~: Also, $0.75 per share on half
paid scrip. (/) Also, $1.56;}- per share en three-quarter paid scrip, (g) Also. $2.08J per share on full paid scrip.
(K) Morris and Essex stock. All other dividends were paid in cash. Transfer books have usually closed about
15 to 20 days before date of dividend payments.
Annual meeting, Tuesday preceding last Friday in February. Books dose for annual
meeting 20 days prior thereto. Stock, convertible and consolidated mortgage bonds listed on
Stock Exchange in New York.
RAILROADS LEASED BY D., L. & W. RR. Co.
CAYTJGA AND STJSGTJEHANNA RAILROAD.— Susquehanna River, near O\vego, to Ithaca,
N. Y., 34.41 miles ; total track (steel, 30 miles), 40.41 miles. Rail, 60 Ibs. Originally the Ithaca and Owego RR.
Co. (chartered January 28, 1828; road opened April 1, 1834) ; reorganized under existing litle April 13, 1843.
Leased from April 21, 1855, at an annual rental of $54,600. Paid dividends (January. 4i per cent., and July, 4} per
cent.), $53,019.90; sundry disbursements, $729.62— total, $53,749.52. The company owns 6 locomotive engines, 4
passenger, 2 baggage, 1 caboose, and 6 service cars. Capital stock, $589,110; income account, $13,745.92— total
liabilities, $602,855.92. Cost of road, $600,000 ; cash, $2,855.92. PERCY R. PYNE, President ; S. S. Palmer, Treas-
urer, 26 Exchange Place, New York City.
CHESTER RAILROAD.— Dover to Chester. N. J., 10.02 miles. Sidings, 1.77 miles. Chartered in
1868, and road opened in 1872. Leased to Morris and Essex RR. Co. for 7 per cent, on bonds. Capital stock,
$98,500 ; funded debt, 1st mortgage 7 percent, bonds, -8100,000 ; floating debt, $26,190.98— total, representing cost
of road, $224,690.98.
GREENE RAILROAD.— Chenango Forks to Greene, N. Y., 8.10 miles ; total track (steel, 7.95 miles),
8.75 miles. Rail, 60 and 67 Ibs. Organized October 18, 1869 ; road opened in 1871. Leased April 2ii, 1870, at an
annual rental of $26,000, equal to 6 per cent, on its capital stock and 7 per cent, on its bonds. The company owns
2 locomotive engines, 1 pas-enger and 1 service car. Capital stock, $200,000 ; funded debt (1st mortgage 7 per
cent. 30-year bonds, due December 1, 1902, interest June and Dec.). $200,000 ; other liabilities, $a>.50— total, repre-
senting cost of road, etc., $400,085.50. SAMUEL SLOAN, Vice-President; Fredk. H. Gibbens, Assistant Treasurer;
Fred F. Chambers, Ai&istant Secretary, New York City.
MORRIS AND ESSEX RAILROAD — Hoboken, N. J., to Phillipsburg, N. J.,8535 miles; Den-
ville to Wes-t End Tunnel, N. J.. 34.50 miles— total, 119.85 miles. Second track, 108.19 miles ; sidings, 151.53 miles.
Total track. 879.57 miles : steel, 2(i8.38 miles. Gauge, 4 ft. 8J in. Rail, 68£ Ibs. Chartered January 29, 1835 ;
opened to Hacketts'own, 53 miles, in January, 1854 ; to Phillipsburg in 1866. Tunnel completed in 1876. In 1868
the road was leased to the D., L. & W. RR. Co., the lessee assuming all liabilities, and agreeing to pay 7 per cent.
per annum on the capital stock and interest on bonds. Rental, 1886, $2,659.252, being interest on bonds, $1,609,-
252, and dividends on stock (paid January and July, each 3J per cent.), $1,050,000.
Financial Statement, December 31, 1886.— Capital stock, $15.000,000 ; funded debt, $23,773,000— total, $38,-
773,000. Contra: Construction, $24,780,411.92 ; equipment, $13,109,911. 19-total, $37,890,323.11. Balance, sundry
accounts, etc., $882,677.
Statement of funded debt in detail, December 31 1886 •
1st mortgage 7 per cent. 50-year bonds, due May 1, 1914, interest May and November ($5,000,000 an th.). .$5,000,000
2d moi-tga-'e 7 per cent. 25-year bond*, due August 1, 1891, interest February & Aug. ($3,000,000 anth.). . 2,!)9<>,000
Convertible 7 per cent. 30-yenr bonds, due January 1, 1900, interest January and July ($3.000,000 auth.) . . 2S1 ,000
Const, mortgage 7 per cent 30-year bonds, dm; Oct. 1, 1901, interest April "& October ($5,000,000 auth.). . 4,991,000
1st consolidated guarantee mortgage 7 per cent. 40-year bonds, due June 1, 1915, in-
terest June and December ($25,000,000 auth.).. 7,707,000
Special real estate bonds, issued and due at various dates 2,795,000
The consolidated mortgage of 1S75 was executed for the purpose of supplying future requirements of the
company, and for the retirement at maturity of the various outstanding bonds. All bonds ure assumed and
guaranteed by the Delaware, Lackawanna and Western RR. Co. Stock and bonds listed on New York Stock
Exchange.
JHrectors Morris and Essex RR. Co.— Samuel Sloan, Percy R. Pyne, George Bliss, M. Taylor Pyne, Frederick
POOR'S MANUAL OF BAILBOAD8. 157
N. Gibbcns, Roswel) G. Rolston, Edgar S. Auchincloss, Louis P. Child, Edwin R. Holden, William 8. Sloan, New
York City ; H. D. Polhemus, Brooklyn, N. Y. ; Andrew Reasoner, Solomon Griffith, Hoboken, N. J. SAMUEL
SLOAN, President, New York," N. Y. ; Fred P. Chamber?, Secretary, New York, N. Y. ; Frederick H. Gibbens,
Treasurer, New York, N. Y. ; Andrew Reasoner, Superintendent, Hoboken, N. J.
NEWARK AND BLOOMFIELD RAILROAD.-Newark Junction to Montclair, N. J., 4.24
miles ; 2d track, 2.75 miles ; sidings, 2.11 miles— total track (steel, 8.27 miles), 9.10 miles. Chartered March 26,
1852, and road opened July 1, 1856. Leased to Morris and Essex RR. at an an annual rental of 6 per cent, on
capital stock. Capital stock, $103,850 ; floating debt, $150,064.47- total, representing cost of road, etc., $253,-
914.47.
NEW YORK, LACKA WANNA AND WESTERN RAILROAD.— Binghamton, N. Y., to
International Bridge, N. Y., 206.99 miles. Cayuga Extension : Owego Station to Susquehanna River. 0.5 mile.
Buffalo City Branch (East Buffalo Junction to Lake Erie, 5.97 ; Abbott Road Junction, 0.74), 6.71 miles. Total,
214.20 miles. 2d tmck, 212.96 ; sidings, 71.16 miles. Rail (steel. 498.32 miles), 60 Ibs. Chartered August 24, '1880.
Road completed in 1882. and opened for through freight business on the 17th of September, 1882. On the 2d of
October, 1882, the road was leased to the Delaware, Lackawanna and Western RR. Co. in perpetuity, at an annual
rental equalling interest on its bonds and 5 per cent, on its stock ; lessee also assuming all outstanding liabilities,
bonds, due January 1, 1921, interest payable January and July, $12,000,000 ; construction mortgage 5 per cent,
ye.-ir bonds, due August 1, 1923, interest payable February and August, $5,000,000 ; unfunded debt, $832,061. g
40-
-.84—
total, representing cost of road and equipment, $27,832,061.34. 1st mortgage 6's are coupon bonds, with privilege
of registration. SAMUEL SLOAN, President ; Fredk. H. Gibbens, Vice-President; Fred F. Chambers, Secretary ;
Arthur D. Chambers, Treasurer, New York, N. Y.
OSWEGO AND SYRACUSE RAILROAD.— Syracuse, N.Y., to Oswego, N.Y., 34.98 miles ; total
track (steel, 31.25 miles,, 57.22 miles. Rail, 60 and 67 Ibs. Chartered April 29, 1&39 ; charter amended May 14,
1845; road opened May 14, 1848. Leased February 13, 1869, at an annual rental equal to 9 per cent, on capital
stock, and 5 and 7 per cent, on bonds. Rental in 1885-86, $182,896. Payments : Interest on bonds, $64,060 ; divi-
dends (February and August, 1836, 4£ per cent, each), $118,836. The company owns 14 locomotive engines, 12
passenger, 4 bajrg ige, etc., 507 box, 105 platform, 6 caboose, and 13 service cars. Capital stock, $1,320,400 ; funded
debt (1st consolidated mortgage, guaranteed 7 per cent, bonds, dated December 28, 1876, due March 1, 1907, inter-
est March and September, $438,000 ; guaranteed 5 per cent. 40-year construction mortgage bonds, due 1923, interest
May and November, $068,000), $1,106,000; due lessee. $60,023 96— total, $2,486,423.96. Contra: Cost of road and
equipment, $2,457,763.60 ; profit and loss (assumed by lessee), $28,660.30. SAMUEL SLOAN, President ; Fredk.
Giboens, Treasurer ; Fred F. Chambers, Secretary, New York City.
PASSAIC AND DELAWARE RAILROAD.— Summit, N. J., to Bernardsville, N. J., 13.99 miles.
Sidings, etc., 2.26 miles. Gauge, 4 ft. 8.} in. Rail, 58 Ibs. Organized October 8, 1878, as successor of 'the New
Jersey West Line KR. Co., property of which had for some tune been in the hands of mortgage trustees. No
report of operations or financial condition was ever made. The road was leased November 1, l!582, to the D., L.
& W. RR. Co., that company agreeing to pay as rental, 5 per cent, yearly dividends ou the capital stock ($111,050)
of this company. SAMUEL SLOAN, President, 26 Exchange Place, New York City.
UTICA, CHENANGO AND SUSQUEHANNA VALLEY RAILROAD. -Greene, N. Y..
to Utica, N. Y., 75.66 miles ; Itichfield Spiings Branch, Richfield Junction to Richfield Springs, 21.75 miles — total
length, !»7.41 miles. Total track (steel, 97.41 miles), 117.77 miles. Rail, 60 and 67 Ibs. Organized January 11,
1866 : opened October 10, 1872. Leased April 9, 1870, at an annual rental of 6 per cent, on capital stock. Divi-
dends paid in 1886, May 1 and November 1. each 3 per cent., $240,000. The company owns 20 locomotive en-
gines ; 14 pa.«senger, 5 baggage, etc., 6 caboose, and 25 service cars. Capital stock, $4,000,000 ; due lei-see,
$272,714— total, representing cost of road, etc., $4,272,714. SAMUEL SLOAN, President ,' FredK. II. Gibbens, Treas-
urer ; Fred F. Chambers, Secretary, New York City.
VALLEY RAILROAD.— Pennsylvania State Line to Binghamton, N. Y., 11.64 miles; second track,
11. 64 miles. Total track (steel, 24.32 miles), 25.50 miles. Rail, 60 and 65 Ibs. Organized March 4, 1869; road
opened in 1870. Leased April 15, 1869, at an annual n-ntal of 8 per cent, on capital stock. • During the year 1882
the dividends were reduced to 5 per cent, per annum, the lessee also assuming the interest on bonds. Rental in
18*5-86, $57.500. Payments: Dividends, January and July, $37,500 ; interest, $20,000. The company owns 100
boxcars. Capital stock, $750,000 ; funded debt (1st mortgage 5 percent. 30-year bonds, due August 1, 1911, in-
terest February and August;, $400,000 ; due lessee, $9,559.29- total, representing cost of road, etc., $1,159,559.29.
SAMUEL SLOAN, President ; Fred F. Chambers, Secretary and Treasurer, New York Cuy.
WARREN RAILROAD.— New Hampton Junction, N. J., to Delaware River, N. J., 18.27 miles. 2d
track, 13.61; sidings, 9.12 miles. Gauge, 4 ft. 8i in. Rail (steel, 31.50 miles), 56 Ibs. Chartered February 12,
1851 ; road opened in June, 1856. Leased to Delaware, Lackawanna and Western RR. Co. at an annual rental
equalling 7 per cent, on its stock and bonds. Lease rental : Interest on bonds, $94,500 ; dividends (paid semi-
annually, April 15 and October 15), 7 per cent., $126,000. Capita) stock, $1,800,000 ; funded debt 2d [now 1st]
mortgage 7 per cent. 30-year bonds, due April 1, 1900, $750,000 ; consolidated mortgage 7 per cent. 30-year bonds
cine March 1, 1S05 (to redeem 1st mortgage bonds], $600,000), $1,350,000; floating debt, |{;34,816.40— total, repre-
senting cost of road, etc., $3,184,816.40. Annual meeting, March 4th. Books close for dividends about 15 days
prior to payment of same. Stock and bonds of 1900 on b'ree List of New York Stock Exchange. JOHN I. BLAIR,
J^egident, Blairstown, N. J. ; Fred F. Chambers, Secretary ; Fredk. H. Gibbens, Treasurer, New York City.
Board of Managers D., L. & W. RR. Co., elected February 22, 1887.
John I. Blair Blairstown, N. J.
George Bliss New York, N. Y.
Percy R. I'yne. . . . New York, N. Y.
W. W. Astor New York, N. Y.
Wilson G. Hunt.. .New York, N. Y.
Ellas S. Higgins...New York, N. Y.
Benj. G. Chirke. . . . New York, N. Y.
Jay Gould New York, N . Y.
Sidney Dillon New York, N. Y.
Russell Sage. .-. . . . New York, N. Y.
E. S. Auchmcloss . . .New York, N. Y.
A. T. McClintock...Wilkesbarre,Pa.
Gardner R. Colby Orange, N. J. | W. H. Appleton .... New York, N . Y.
SAMUEL, SLOAN, President New York, N. T.
Pt-rcy R. Pyne, Vice-President New York, N. Y.
E. R. Holden, 2d Vice- President New York, N, Y.
Fredk. H. Gibbens, Treasurer New York, N. Y.
Sec. and Aud.— Fred F. Chambers.... New York, N.Y. | Gen. Manager— Win. F. riallstead Scranton, Pa.
ADDKESS ; No. 26 Exchange Place, New York City, N. Y.
158 POOR'S MANUAL OF BAILROADS.
DELAWARE RIVER RAILROAD COMPANY.
Line of Road.— Woodbury, N. J., to Pennegrove, N. J 19.97 miles.
Sidings, 3 miles. Gauge, 4 ft. 8* in. Rail (steel, 1 mile), 56 Ibs.
History.— Chartered as Delaware Shore RR. February 23, 1872 ; opened in 1877. In De-
cember, 1877, placed in the Lands of a receiver, and on August 8, 1879, sold under fore-
closure. Present company organized in February, 1881.
Rolling Stock.— Locomotive engines, 3. Cars— passenger, 2 ; baggage, etc., 2.
Operations for year ending December 31, 1886. — Earnings — passenger, $22,664.53 ;
freight, $14,744.88 ; other, $2,803.28— total, $40,212.69. Operating expenses, $33,282.55.
Net earnings. $6,930.14
Financial Statement, December 81, 1886.— Capital stock (par $50), $141.400 ; funded
debt, 7 per cent, first mortgage 20-year $1,000 bonds, interest November and May, $65,000 ;
floating debt, $:!!, 03 1.47— total, representing cost of road, $237,431.47.
Directors (elected May, 1884). — W. S. Conner, Samuel Hopkins, Woodbury, N. J.; Alex.
Justice, Pedricktown, N. J.; William Dupont, Eugene Dupont, C. I. Dupont, H. A. Dupont,
Wilmington, Del.
WM. S. CONNER, President and Treasurer Woodbury, N. J.
Secretary— S. T. Miller Paulsboro', N. J. | Superintendent— E. H. Green Pedricktown, N. J.
PRINCIPAL OFFICE AND ADDRESS Woodbury, N. J.
DUNKIRK, ALLEGHENY VALLEY AND PITTSBURGH RAILROAD CO.
Line of Road, as projected.— Dunkirk, N. Y., to Oil City, Pa . . ............ 106.5 miles.
In Operation : Dunkirk, N. Y., to Titusville, Pa ................... ......... 90.6 miles.
Sidings, etc., 13.5 miles. Gauge, 4 ft. 8| in. Rail (steel, 79.1 miles), 56 and 60 Ibs.
History. — Consolidation (Nov. 23, 1872) of the Dunkirk, Warren and Pittsburgh and the
Warren and Venango RR. Companies. Road opened August 20, 1871. Leased to the N. Y.
f\ & H. R. RR Co., but operated independently, the lessee paying as rental, interest on $2,-
900,000 of this company's bonds, and three per cent, dividend on one-half the stock.
Rolling Stock, September 30, 1886.— Locomotive engines, 12. Cars — passenger, 10 ;
baggage, mail and express, 2 ; freight (box, 33 ; platform, 55 ; coal [leased], 14), 102 — total,
114. Alro, 1 service car.
Operations fop year ending September 30, 1886. — Train mileage— passenger, 127,2(34 ;
freight, 12^,140 ; other, 7,207— total, 250,611 miles. Passengers carried, 151,000 ; carried
one mile, 3,087,976 ; average mile rate, 2.48 cents. Tons freight moved, 230,707 ; moved one
mile, 12,081,526 ; averate ton -mile rate, 1.13 cents.
Earu lugs.— Passenger $76,581 30
Freight 136,948 32 Motive Power
Mail 6,243 56
Express 3,043 70
Miscellaneous 4,676 30
Total ($2,510.97 per mile) $227,493 68
Expenses.— Transportation ................. $93,466 12
ove ower i 17 Q7e; oc
Maintenance of Cars [ 1('y'a
Maintenance Way and Buildings 78,582 08
General and Taxes 46,317 21
Total ($2,608.62 per mile) $236,340 76
Deficit, $8,847.08 ; surplus from last year, $96,523.95. Balance, surplus, $87,676.87.
Under terms of the lease the New York Central paid interest on $2,900,000 bonds, $203,000,
dividend on $620,000 stock, $19,500, and organization expenses, $500— total, $'223,000.
Financial Statement, September 30, 1886.— Capital stock (par, $100), $1,300,000; funded
debt, $3,200,000 ; current accounts, $19,903.94 ; bills payable, $221,662.66 ; profit and loss,
$87,676.87— total, $4,829,243.47. Contra: Construction, $4,558,150.07; equipment, $262,-
725 ; materials and fuel, $223.21 ; current accounts, $1,775.43 ; cash, $6,369.76.
The funded debt consists of the following issues (all coupon bonds) : 1st mortgage 7 per
cent, (gold) 20-year bonds, due June 1, 1890, interest June and December, $2,000,000; 2d
mortgage 7 per cent. 18-year bonds, due October 1, 1890, interest April and October, $1,000,-
000 ; 3d mortgage 7 per cent. 18-year bonds, due October 1, 1890, interest April and October,
$200,000— total, $3,200,000 ; annual charge (gold, $140,000, and currency, $84,000), $224,000.
Interest on bonds payable at Grand Central Depot, New York, N. Y. Trustee of bonds, Union
POOR'S MANUAL OF EAILEOADS. 159
Trust Co., New York. Voting power attaches to stock after 80 days' ownership. Annual
meeting third Wednesday of April ; books close 80 days prior thereto.
Directors (elected April 15, 1885).— Wm. K. Vanderbilt, Cornelius Vanderhilt, S. F.
Barger, C. M. Depew, E. D. Worcester, Frederick W. Vanderbilt, Charles C. Clnrke, Horace
J. Hayden, Dwight W. Pardee, New York, N. Y.; Rasselas Brown, Warren, Pa. ; Darwin
Thayer, Oscar W. Johnson, Fredonia, N. Y., one vacancy.
E. D. WORCESTER, President New York, N. Y.
Secretary and Treas — D. W. Pardee. .New York, N. Y. | General Supt.— Darwin Thayer Dunkirk. N. Y
Auditor— William M. Lester Dunkirk, N. Y.
PRINCIPAL OFFICE AND ADDRESS Dunkirk, N. Y.
Transfer Office Grand Central Depot, New York, N. Y.
EAST BROAD TOP RAILROAD COMPANY.
Main Line of Road.— Mount Union, Pa., to Robertsdale, Pa 30.00
Leased : Shade Gap RR.: Rockhill to Stair Mine 7.21—87.21 miles.
Sidings, owned, 7.56 m. Gauge, 3 ft. Rail (steel, 22.77 m.), 40, 45 and 50 Ibs.
History.— Chartered April 19, 1856 ; road opened October 15, 1874.
Rolling Stock. — Locomotive engines, 7. Cars — passenger, 3; baggage, mail and- ex-
press, 8 ; freight (8-wheel, 248 ; 4-wlieel, 40), 283— total, 289. Also, 11 other cars.
Operations for year ending November 30, 1886. — Train mileage — passenger, 33,151 ;
freight. 43,603 — total, 76,754 mile?. Passengers carried, 55,353 ; carried one mile, 526,172.
TODS freight moved, 208,487; moved one mile, 3,706,514. Earnings — pas-senger, $13,987.70 ;
freight, $76.947.97; other, $5,130.29— total ($2,581.72 per mile), $96,065.96. Expenses :
maintenance of way, $25,910.76; maintenance of cars, $10,268.56; motive power, $23,474.40;
transportation, $25,419.39; general, $5,770.11— total ($2,441.37 per mile), $90,843.22. Net
earnings (5.44 per cent.), $5,222.74. Payments not reported.
Financial Statement, November 30, 1886.— Capital stock ($50 shares), $815,602.57 ;
funded debt, 1st mortgage 4 per cent. 30-year bonds, due July 1, 1908, interest payable Jan-
uary and July, $500,000; unfunded debt, $43,088.88; current accounts, $22,921.63— total,
$1,381,613.08. Cost of road, $865,547.65; equipment, $182,163.22; real estate, etc., $63,-
518.30; stocks and bonds, $90,360; materials and fuel, $1,490.96; current accounts, $126,-
742.41 ; cash, $3,380.69 ; profit and loss, $48,409.85— total, $1,381,613.08.
Directors (elected January 11, 1886). — George. B. Markle, Edward Roberts, Jr., Edward
R. Wood, Percival Roberts, Franklin A. Comly, Philadelphia, Pa.; Ario Pardee, Hazleton,
Pa. ; William Lilly, Mauch Chunk, Pa.
WILLIAM A. INGHAM, President Philadelphia, Pa.
Edward Roberts, Jr., Vice- President Philadelphia, Pa.
General Manager— A.. W. Sims Orbisonia, Pa. | Secretary and Treas.— W. B. Jacobs . .Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS 320 Walnut Street, Philadelphia, Pa.
EDGEWOOD COAL COMPANY'S RAILROAD.
Line of Road. — Edgewood Intersection to Hampton Coal Fields, Pa 1 mile.
Sidings, 0.60 mile. Gauge, 4 ft. 9 in. Rail, 56 Ibs.
Rolling Stock. — Locomotive engine, 1. No cars owned.
Operations not reported. This is a private road, used exclusively as a coal carrier. No
passengers carried. No earnings. Expenses borne by coal works using the road.
Financial Statement, December 31, 1886.— Capital stock (shares, $50), $15,000 ; un-
funded debt, $19,532— total, $34,532. Cost of road and equipment, $30,172.36.
Directors. — W. H. Shoeuberger, Cincinnati, O.; Thomas C. Dickson, C. L. Fitzhugh,
Robert Dickson, Pittsburgh, Pa.
W. H. SHOENBEKGER, President Cincinnati, O.
Secretary— Edward P. Loy Pittsburgh, Pa. | Treasurer— Thomas C. Dickson Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
160
POOR S MANUAL OF RAILROAD?.
ELMIRA, CORTLAND AND NORTHERN RAILROAD COMPANY.
Mala Line of Road.— El mi ra, N. Y., to Canastota, N. Y 119.84 miles.
Leased Lines ( Canal RR.— Elmira, N. Y., to Horseheads, N. Y 5.28
Included Above: IN. Y.,0nt. & W. HE.— Con'd.N.Y., toDe Huyter.N.Y. 20.22— 25.50 miles.
Total length of railroad owned September 80, 1886 94.34 miles.
Sidings, etc., 18.06 miles. Gauge, 4 ft. 8£in. Rail (steel, 119.84 ; iron. 18.0(5 miles), 56 and 60 lb*.
History. — This company is a reorganization, March 7, 1884, of the Utica, Ithaca and
Elmira RR. Co. The Canastota-De Ruyter road was purchased March 8, 1884. The com-
pany aUo purohesed the leases of the Canal and Ontario and Western branches, the rental of
the latter being commuted for the entire period and paid in advance. Both are practically
owned by the E., C. & N. RR. Co. For fuller details see MANUAL for 1883, page 135.
Rolling Stock. — Locomotive engines, 23. Cars — passenger, 10; baggage, mail, etc., 3;
freight (box, 17 ; platform, 37 ; coal, 103), 157 ; caboose, 4— total, 174.
Operations for year ending September 30, 1886. — Train mileage — passenger, 201,210;
freight, 347,410 ; other, 30,732— total, 579,352 miles. Passengers carried, 181,068 ; carried
one mile, 3,697,048; average mile rate, 2.92 cents. Tons freight moved, 354,123; moved one
mile, 34,562,427 ; average ton-mile rate, 0.70 cent.
Expenses.— Transportation $127,864 81
Motive Power and Cars 38,411 85
Maintenance of Way 109,049 61
General 64,42521
Earnings.- Passenger $107,952 23
Freight 242,007 74
Mail and Express 18,337 51
Other 96721
Total ($3,081.31 per mile) $369,264 68 Total ($2,833.37 per mile) $339,531 48
Net earnings (8.05 per cent.\ $29,713.20 ; add rents, $217.39— total net revenue, $29,-
930.59. Payments: Interest on bonds, $45,000; other intere.-t, $3,985.52 ; RR. commissioners,
$513.69 ; taxes, $17,313.01— total, $66,812.25. Balance, deficit, $36,881.66; sundry debits to
profit and loss, $1,092.11 ; deficit from last year, $213,025.23— total deficit, $250,999.
General Balance Sheet, September 30, 1886.
Capital Stock $2,000,000 00
Funded Debt 2,000,00000
Interest on Funded Debt 22,50000
Bills Payable and Loans 352,011 71
Current Accounts. . . 106,870 97
Total Liabilities $4,481,382 68
Cost of Road and Equipment .............. $4,128,237 14
Materials and Fuel on Hand .............. 9,737 76
Open Accounts ............................ 25,998 48
Sundries .................................. 66,410 30
Profit and Loss .............. .............. 250,999 00
Total Assets ........................... $4,481,332 68
Funded debt consists of —
1st pref. rnort. 6 per cent. 30-year $1,000 cou bonds, due April 1, 1914, int. A. & O. $750,000
1st mortgage 3 per cent. 30-year $1,000 cou. bonds, due April 1, 1914, int. J. & J ____ 1,250,000
Annual meeting, second Tuesday in March ; books close ten days prior thereto. Central
Trust Co., New York, trustee of bonds ; Corbin Banking Co., Registrar of stock. Interest on
bonds payable at 115 Broadway, New York.
CANAL RAILROAD.— Elmira, N. Y., to Horseheads, N. Y., 5.23 : total track, 5.36 miles. Chartered
April 26, 1878. Road leased and operated uy E., C. & N. RR. Co.; rental, bond interest. Capital stock (par, $10),
~"l),000 ; funded debt, 1st mongage 6 per cent. 30-year bonds, dated January 1, 1*81, $100,000 ; sundry accounts,
"
Board of Directors E., C. & N. RR. Co., elected March 9, 1886.
Austin Corbin New York, N. Y.
Jame* Armstrong. New York, N. Y.
Wm. G. Wheeler. .New York, N. Y.
Thomas F. Ward. .New York, N. Y.
Archibald A. McLeod
J. Rogers Maxwell. New York, N. Y.
Jas. D. Campbell.. New York, N. Y.
Charles Bruff New York, N. Y.
John P. Dosh New York, N. Y.
H. \V. Maxwell Brooklyn, N. Y.
Fred. W. Duntnn. .New York, N. Y.
Oilman 8. Honltun.Ncw York, N. Y.
Jas.K.O.Sherwood.New York, N. Y.
Elmira, N. Y.
AUSTIN CORBIN, President New York, N. Y.
J. Rogers Maxwell, Vice-Presidcnt New York, N. Y.
Sec. and Treat.— Wm. Q. Wheeler. . . .New York, N. Y. I General Manager— A.. A. McLeod Elmira, N. Y.
Auditor— M. A. Smith Elmira, N. Y,
PRINCIPAL OFFICE AND ADDRESS Elmirn, N. Y.
Transfer Office 115 Broadway, New York, N. Y.
POOR'S MANUAL OF R ELROADS. 161
EMMITTSBUKG RAILROAD COMPANY.
Line of Road. — Emmittsburg, Md., to Rocky Ridge, Md 7 miles.
Sidings, etc., 0.5 mile. Gauge, 4 ft. 8£ in. Rail (steel, about 8 miles), 45 Ibs.
History.— Road opened November 22, 1875. No report has been furnished since 1884.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; freight, 1.
Operations for year ending December 31, 1884. — Trains run (mixed), 13,146 miles. Pas-
sengers carried, 8,246. Freight moved, 827 tons. Earnings — passenger, $2,760.60 ; freight,
$5,681.30; mail, express, etc., $715.69— total ($1,308.23 per mile), $9,157.59. Operating
expenses ($1,317.14 per mile), $9,219.95. Deficit, $62.36. For year 1885 gross earnings
were, $8,411.43; expenses, $7,319.14; net earnings, $1,092.29.
Financial Statement, December 31, 1884. — Capital stcck (par, $50), $52,483.99; landed
debt, 1st mortgage, 6 per cent. 30-year bonds, due January 1, 1904, interest January and
July, $86,700; bills payable, $400— total, $139,583.99. Contra: Cost of road, $98,488.87;
equipment, $9,150; real estate, $2,071.98; materials and cash, $182.42; profit and loss,
$29,690.72. There have recently (March, 1887) been issued $69,900 6 per cent, bonds to
replace double that amount of old bonds redeemed.
Directors. — George R. Overman, Joseph Byers, Daniel G. Adelsberger, Bennet F. Ty-
son, Edward S. Taney, Emmittsburg, Md.
JAMES A. ELDER, President and General Manager Emmittsburg, Md.
Treasurer — Wm. G. Blair Emmittsburg, Md. | Secretary— G. S. Crouse Emmittsburg, Md.
PRINCIPAL OFFICE AND ADDRESS Emmittsburg, Md.
ERIE AND WYOMING VALLEY RAILROAD COMPANY.
Main Line of Projected Road. — Port Griffith, Pa., to Lackawaxen Pa 68.0 miles.
Completed : Lackawaxen to Wyoming Junction, Pa 6U.O miles.
Branches : Hanging Rock, 2 ; Spring Brook, 1 ; Pleasant Valley, 1 ; other, 7.0 11.0 miles.
Total length of road operated 71.0 miles.
Sidings, etc., 29 miles. Gauge, 4 ft. 8£ in. Rail (steel, 100 miles), 67 Jbs.
History. — In 1882 the New York, Lake Erie and Western RR. Co. secured the use of
the lands and planes of the Pennsylvania Coal Co. to secure entrance to the anthracite coal
lands of the Wyoming Valley ; and on November 6, 1882, the Erie and Wyoming Valley RR.
Co. was formed and proceeded to rebuild the road.
Rolling Stock. — Locomotive engines, 7. Cars, 29.
Operations for year ending December 31, 1886. — Train mileage — passenger, 62,969 :
freight, 28,170; coal, 123,648— total, 214,787 miles. Passengers carried, 32,979. Tons
freight moved, 1,591,444.
Earnings.— Passenger $19,688 44
Freight 418,404 75
Express 864 92
Kent 50,000 00
Total ($0,886.73 per mile) $488,958 11
Expenses.— Transportation $98,298 78
Motive Power and Cars 146,517 90
Maintenance Way 36,1.3354
General 2,432 58
Total ($3,£91.31 per mile) $283,383 80
Net earnings (42.04 per cent.), $205,575.31.
General Balance Sheet, December 31, 1886.
Cost of Koarl ...$4,941,156 63 Capital Stock (par, $50) $1,500,000 00
. 132,81477 Funded Debt Outstanding 3,000,00000
Cash and Bills Receivable
ProfltandLoss 191,18523
Unfunded Debt 765,156 63
Total Assets $5,265,156 63 | Total Liabilities $5,265,156 63
Funded debt consists of 1st mortgage 6 per cent. 30-year bonds, due July 1, 1913, interest
payable January and July at company's office. Annual meeting in June.
Directors. — John B. Smith, Dunmore, Pa. ; John King, Edwin H. Mead, New Tork,
N. T. ; A. H. McClintock, E. P. Darling, Wilkesbarre, Pa. ; George H. Catlin, Samuel Hines,
Scranton, Pa.
JOHN B. SMITH, President Dunmore, Pa.
Sec. Treas. <& Sup.— George B. Smith Dunmore, Pa. | Chief Engineer— A. D.Blackinton Dunmore, Pa.
PRINCIPAL OFFICE AND ADDRESS Dunmore, Pa.
11
162 POOR'S MANUAL OF RAILBOADS.
EVERGREEN RAILWAY COMPANY.
Line of Road.— Bennett, Pa., to Brookfield, Pa 4 miles.
Sidings, 0.10 mile. Gauge, 3 ft. Rail, 28, 30 and 47 Ibs. per yard.
Rolling Stock.— Locomotive engines, 1. Cars— passenger, 2 ; freight, 1.
Operations for year ending December 31, 1886. — Not reported. Earnings, $3,546.87.
Operating expenses, $6,634.15 ; deficit, $3,087.28.
Financial Statement, December 31, 1885 (latest furnished).— Capital stock (par, $50),
$25,000 ; unfunded debt, $34,148.42— total, $59,148.42. Cost of road, $26,582.98 ; equipment,
$9,142— total, $35,724.98.
Directors. — A. G. Hatry, A. C. McCallum, Pittsburgh, Pa. ; James Callery, J. D. Gal-
lery, Allegheny City, Pa.
JAMES CALLERY, President Allegheny City, Pa.
Secretary— &.. C. McCallnm Pittsburgh, Pa. | Treasurer— B.. D. Campbell Allegheny, Pa.
PRINCIPAL OFFICE AND ADDRESS Allegheny City, Pa.
FERRO MONTE RAILROAD COMPANY.
Line of Road.— Vanatta Station, N. J., to By ram Mine, N. J 2.54 miles.
Gauges, 4 ft. 8£ in. and 2 ft. 10 in. Rail, 24 to 60 Ibs.
History.— Chartered March 24, 1869. Road opened in September, 1870.
Rolling Stock.— Ore cars, 31.
Operations for year ending December 31, 1886. — Gross earnings (freight), $4,677.04 ; ex-
penses, $5,629.72 ; deficit, $952.68.
Financial Statement, December 31, 1885 (latest furnished).— Capital stock, $30,000.
Cost of road and equipment, $50,309.21.
Directors. — Alfred Mills, Morristown, N. J. ; Ario Pardee, Hazleton, Pa. ; A. Cass Can-
field, New York City, N. Y. ; Frederick A. Canfield, Aug. C. Canfield, Dover, N. J.
ALFRED MILLS, President Morristown, N. J .
Treat, and Sec.— Augustus C. Canfield Dover, N. J. | Superintendent— George Shaw Mine Hill, N. J.
PRINCIPAL OFFICE AND ADDRESS Dover, N. J.
FONDA, JOHNSTOWN AND GLOVERSVILLE RAILROAD COMPANY.
Line of Road.— Fonda, N. Y., to Northville, N. Y 26.17 miles.
Sidings, etc., 3.16 miles. Gauge, 4 ft. 84 in. Rail (steel, 12.20 miles), 56 Ibs.
History. — Organized January 17, 1867; road opened from Fonda to Gloversville, 10 miles,
December 1, 1870. On January 22, 1881, the line of the Gloversville and Northville RR. Co.
(organized January 13, 1872; road opened from Gloversville to Northville, 16.17 miles, No-
vember 29, 1875) was purchased at foreclosure sale and consolidated in pursuance of an act
of the Legislature passed April 15, 1880.
Rolling Stock. — Locomotive engines, 5. Cars — passenger, 10; baggage, etc., 3; freight
(box, 8 ; platform, 15), 23 — total, 36. Also 1 caboose car and 1 snow-plow.
Operations for year ending September 30, 1886. — Trains run (passenger, 33,396 ; freiglit,
13,286 ; mixed, 12,512), 59,194 miles. Passengers carried, 184,758 ; carried one mile, 1,978,-
770 ; average mile rate, 2.89 cents. Tons freight moved, 77,840 ; moved one mile, 832,591 ;
average ton-mile rate, 10.09 cents. Earnings — passenger, $57,226.45; freight, $84,006.63;
mail and express, $19,429.83 ; miscellaneous, $3,001.07— total, $163,663.98. Operating ex-
penses, $91,195.52. Net earnings, $72,468.46. Add other receipts, $3,971.36— total available
revenue, $76,439.82. Payments: Interest, $33,144 ; dividends, $29,980— total, $63,124. Bal-
ance, surplus, $13,315.82 ; surplus from last year, $14,498.33— total surplus, $27,814.15.
Financial Statement, September 30, 1886.— Capital stock, $300,000; funded debt (1st mort-
gage 7 per cent. 30-year coupon bonds, due July 1, 1900, interest payable January and July,
$300,000 ; consolidated mortgage 6 per cent. 40-year coupon bonds, due April 1, 1921, interest
POOR'S MANUAL OP RAILROAD?. 163
payable April and October, $200,000), $500,000 ; bills payable, $6,000; current accounts, $9,-
377.48 ; other liabilities, $4,888.72 ; profit and loss, $27,814.15— total, $848,080.35. Contra :
Construction and equipment, $809,446.64 ; sinking fund, $7,055.34 ; real estate, $6,611; bills
receivable, $371.31 ; pay roll, $1,046.48; current accounts, $9,621.19 ; casb, $13,568.39.
Directors.— W. J. Heacock, John McNabb, C. H. Judson, L. Caten, A. D. L. Baker, H. H.
Pettit, Gloversville, N. Y.; D. A. Wells, L. Vegbte, J. E. Wells, M. Wade, Johnstown, N. Y.;
I). B. Judson, Kingsboro', N. Y. ; G-. F. Mills, Fonda, N. Y.; Nathan Littauer, New York, N. Y.
W. J. HEACOCK, President. Gloversville, N. Y.
Vice-President— D. A. Wells Johnstown, N. Y. I Secretary and Svpt.— Lawton Caten. Gloversville, N. Y.
Treasurer— John McNabb Gloversville, N. Y. | Master Mechanic— G. V. Putnam Gloversville, N. Y.
PRINCIPAL OFFICE AND ADDRESS Gloversville, N. Y.
FREEHOLD AND NEW YORK RAILROAD COMPANY.
Line of Road.— Freehold, N. J., to Keyport, N. J 14.60 miles.
Sidings, 2 miles. Gauge, 4 ft. 8| in. Rail, 50 and 56 Ibs.
History. — Incorporated June 29, 1877. Road opened July 2, 1877.
Rolling Stock. — Owned, 1 locomotive engine. Leased — Locomotive engines, 3. Cars —
passenger, 3 ; freight (box, 26 ; gondola, 10), 36 — total, 89.
Operations for year ending December 31, 1886. — Trains run — not reported. Passengers
carried, 98,495. Tons freight moved, 28,808. Earnings— passenger, $24,095.78; freight,
$20,411.90; other, $1,558.17— total, $46,065.86. Operating expenses, $48,286.56. Deficit,
$2,220.70.
Financial Statement, December 31, 1886. — Capital stock, $200,000; funded debt, 1st mort-
gage 7 per cent, coupon bonds, dated July 1, 1878, interest payable January and July, $200,000;
bills payable, $37,559.22— total, $437,559.22. Cost of road and equipment, $418,420.60. A
mortgage of $100,000 was made on the railroad on July 2, 1877, and one of $200,000 on July
1, 1878, to retire the railroad mortgage, and cover the pier, extension, etc., built by the
company.
Interest payable at 61 Wall Street, N. Y. Annual meeting last Friday in June. Anthony
Reckless, Red Bank, N. J., trustee of bonds. J. E. Ralph (secretary), registrar of stock.
Directors (elected June 25, 1886). — John S. Schultze, Robert L. Harrison, New York,
N". Y.; W. R. Schultze, Manchester, N. J.; W. H. Vredenburgh, Then. W. Morris, Justus
E. Ralph, Freehold, N. J.; Stacy P. Conover, Wickatunk, N. J. ; D. P. Van Dorn, Marlboro',
N. J.; H. B. Willits, Madison, N. J.; S. I. Wright, Elizabeth, N. J.; Arthur T. Hurd, Hunt-
ington, N. Y. ; Joseph D. Hoff, Keyport, N. J.; Horatio R. Laine, Jersey City, N. J.
JOHN S. SCHULTZE, President New York, N. Y.
J. E. Ralph, Superintendent, Secretary and Treasurer Freehold, N. J.
PRINCIPAL OFFICE AND ADDRESS No. 61 Wall Street, New York, N. Y.
Transfer Office. . . Freehold, N. J.
GENEVA, ITHACA AND SAYRE RAILROAD COMPANY.
Main Line of Road. — Geneva, N. Y., to Pennsylvania Line 74.99 miles.
Cctyuya Branch : Ithaca, N. Y., to Cayuga, N. Y 38.36 miles.
Leased : Willard Branch : Hayt's corners, N. Y., to Willard, N. Y 2.99 miles.
Total length of line operated September 30, 1886 116.34 miles.
Sidings, 27.03 m. Gauge, 4 ft. 8£ in.; Willard Br., 3 ft. Rail (steel, 140.38 m.), 58 Ibs.
History.— Successor to the Geneva, Ithaca, and Athens RR. Co., which was formed by a
consolidation, May 25, 1874, of the Ithaca and Athens and the Geneva and Ithaca RR. Cos.
The former was opened in 1871. the latter in 1874. Having defaulted in payment of interest,
the G., I. & A. RR. was placed in the hands of a receiver March 24, 1875, and reorganized
under its present name October 2, 1876. On the 5th day of April, 1879, the Cayuga Southern
RR. was, by an Act of the Legislature, consolidated with the G., I. & S. RR. Co., and now
forms a part of its line. The Cayuga Southern was organized as the Cayuga Lake RR. Co.
in 1867 ; road opened May 1, 1873 ; sold under foreclosure July 26, 1877, and reorganized.
164
POOR'S MANUAL OF RAILROADS.
Rolling Stock, September 30, 1886.— Locomotive engines (13 leased), 27. Cars — passen-
ger, 8 ; baggage, mail and express, 6 ; freight (box, 10 ; platform, 58 ; coal, 152 ; caboose,
12), 232 ; other cars, 20 — total cars, 206.
Operations for year ending September 30, 1886. — Train mileage — passenger, 128,838 ;
freight, 874,778 — total, 503,616 mile*. Passengers carried, 187,710 ; carried one mile, 3,385,-
142 ; average mile rate, 2. 62 cents. Tons freight moved, 776,541 ; moved one mile, 48,768,-
968 ; average ton-mile rate, 0.59 cent.
E»rning8.-Passenger $88,732 96
Freight 280,978 68
Mail and Express 15,188 03
Miscellaneous 21,228 41
Expense .—Transportation §170,567 07
Motive Power and Cars 71,854 98
Maintenance Way and Buildings 64,164 51
General 44,901 75
Total ($3,021. 73 per mile) $351,548 31
Pavinents : Interest on bonds, $81,630 ; in-
Balance,
Total ($3.542.45 per mile) $412,128 08
Net earnings (14.70 per. cent.), $60,579.77.
terest on debt, $4,499.81 ; taxes, $14,210.09; rents, $246.67— total, $100,586.57.
deficit, $40,006.80; deficit from last year, 8994,325.08— total, $1,034,331.88.
General Balance Sheet, September 30, 1886.
Costof Road $1,831,951 65
Cost of Rolling Stock 167,936 35
Real Estate and Buildings 21 .627 22
Current Accounts 2,846 85
Profltand Loss 1,034,331 88
Total Assets $3,058,693 95
Common Stock Paid in $1,275.00000
Preferred Stock Paid in 400,000 00
Funded Debt Outstanding 1,300,000 00
Current Accounts 62,693 95
Accrued Interest on Bonds 21,000 00
Total liabilities $3,058,693 95
Funded debt consists of firct mortgage (Itliaca and Athens RR., Ithaca to Athens, N. Y.,
35.63 miles) 7 per cent. 20-year $100, $500, $1,000 coupon bonds, due July 1, 1890, $600,000 ;
first mortgage (main line and branches, 116.34 miles), 6 per cent. 25-year $1,000 registered
bonds, due January 1, 1910, $700,000. An additional $50,000 of the 1st mortgage 6's were
gold November 30, 1886.
Annual meeting, third Thursday in November ; books close thirty days before. Interest
on both issues of bonds payable January and July at 228 South Third Street, Philadelphia.
Trustees of first mortgage 6 per cent, bonds : Girard Life Insurance Annuity and Trust Co.,
Philadelphia. Preferred stock is entitled to 8 per cent, cumulative dividends. Stock may be
voted thirty days after transfer.
HAYT'S CORNERS, OVID AND WILLARD RAILROAD.-Hayt's Corners, N. Y.. to Wil-
lard, N. Y., 2.99 miles. Sidings, etc., 3.27. Gauges, 4 ft. 8^ in. and 3 ft. Chartered September 15, 1882. Road
opened in 1883, and leased for 99 years to Geneva, Ithaca and Sayre RH. Co. Capital stock, $4,100. Cost of road,
etc., $2,278.52. JAMES B. THOMAS, President, Ovid, N. Y.
Board of Directors Geneva, Ithaca and Sayre RR. Co., elected November 18, 1886.
Elishn P. Wilbor Bethlehem, Pa.
Robert H. Siiyre — Bethlehem, Pa.
William Stevenson Sayre, Pa.
William W. Wright. .. Geneva, N. Y.
Franklin C. Cornell
Clias. Hartshorne.. Philadelphia, Pa.
Wilson S. Bissell Buffalo, N. Y.
Joseph Patterson.. Philadelphia, Pa.
William L. Bostwick . .Ithaca, N. Y.
Howard Elmer Waverly, N. Y.
Chauncey P.Gregg, Tnimansb'g.N.Y.
George M. Diven Elmira,~N. Y.
John B. Garrett Philadelphia, Pa.
Ithaca, N. Y.
EI.ISHA P. WILBUR, President Bethlehem, Pa
Vice- President— Charles Hartshornc... Philadelphia, Pa.
Zd Vice-Prefidenl—'Robt. H. Sayre B_ethlehem, Pa.
Treasure) — W. Chas. Alderson Philadelphia, Pa.
Secretary— John R. Fanshawe Philadelphia, Pa.
Gen. Traffic Man.— John Taylor Bethlehem, Pa.
General Sujjt.—Wm. Stevenson Sayre, Pa.
Auditor— Isaac McQuilkin Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDKESS 228 South Third St., Philadelphia, Pa.
GEORGE'S CREEK AND CUMBERLAND RAILROAD COMPANY.
Main Line of Road.— June, with Penn. RR. in Md. to New Detmold Mine, Md.'20.03 miles.
Jackson Mine Branch : Midland to Jackson Mine 4.85 miles.
T n^no-P* i Pennsylvania RE. in Maryland: Cumberl'd, Md. to Penn. State Line. 6.35 miles.
" \ City RR. : City Junction to June. P. & C. RR 0.43 miles.
Total length of road operated 31.66 miles.
Sidings, 4.70 miles. Gauge, 4 ft. 9 in. Rail (steel, 24.81 miles), 56, 60 and 67 Ibs.
History.— Chartered December 21, 1876 ; road opened May 31, 1881. This road is owned
chiefly by the Maryland and the American Coal Companies.
POOR'S MANUAL OF RAILROADS. 165
Rolling Stock. — Locomotive engines, 6. Cars — passenger, 3; freight (box, 2; platform,
6 ; coal, 200). 208 — total revenue cars, 211. Also, 12 other cars.
Operations for the year ending December 31, 1886. — Train mileage — passenger, 30,808 ;
freight, 83,784— total, 114,652 miles. Passengers carried, 11,463 ; carried one mile, 109,520.
Tons freight moved, 495,066 ; moved one mile, 10,991,803. Earnings, etc., not reported.
Financial Statement, December 31, 1884 (latest furnished). — Capital stock (par, $50),
$345,000 ; funded debt, 1st mortgage 6 per cent. 30-year bonds, due October 1, 1909, interest
April and October, $490,000— total, representing cost of road, etc., $835,000.
Directors (elected June 10, 1886). — Henry Loveridge, Gardner P. Lloyd, James A. Alex-
ander, Alex. M. White, George L. Kingsland, Sidney Wintringham, New York, N. Y.; Geo.
P. Bangs, Boston, Mass.
HENRY LOVEKIDGE, President New York, N. Y.
Gardner P. Lloyd, Vice-President and Treasurer New York, N. Y.
Secretary— Wm. de L. Walbridge New York, N. Y. | General Manager— 3. A. Millholland. .Cumberland, Md.
PRINCIPAL OFFICE AND ADDRESS 35 Broadway, New York, N. Y.
Transfer Office 1 Broadway, New York, N. Y.
GETTYSBURG AND HARRISBURG RAILROAD COMPANY.
Main Line of Road. — Hunter's Run, Pa., to Gettysburg, Pa 21.6
Bound Top Branch : Gettysburg to Round Top 3.0 — 24.6 miles.
Sidings, etc., 0.8 mile. Gauge, 4 ft. 9 in. Rail, 56 Ibs.
History. — Chartered in October, 1883 ; road completed and opened in 1884.
Rolling Stock. — Locomotive engines, 2. Cars — passenger. 11; baggage, mail, etc., 1 ;
other, 16— total, 28.
Operations for year ending December 31, 1886. — Train mileage — passenger, 41,948 ;
freight, 14,542 — total, 56,490 miles. Passengers carried, 80,194 ; carried one mile, 1,237,109;
average mile rate, 1.75 cents. Tons freight moved, 20,704; moved one mile. 291,167 ; aver-
age ton-mile rate, 2.74 cents. Earnings — passenger, $21,683.75; freight, $7,971.28; other,
$1,931.30— total ($1,284.00 per mile), $31,586.33. Expenses— maintenance of way, $5,083.32 ;
rolling stock, $8,200.81 ; transportation, $5,546.38 ; miscellaneous, $2,472.56— total ($865.98
per mile), $21,30307. Net earniHgs (33.56 per cent.), $10,283.26. Paid interest on bonds,
$16,800; on debt, $1,839.37— total, $18,639.37. Deficit, $8,356.11; deficit from last year,
$31,720.73— total deficit, as per balance ?heet, $40,076.84.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $250,000; funded
debt (1st mortgage 6 per cent, bonds, due April, 1904, interest payable April and October,
$250,000 ; Round Top Extension 1st mortgage 6 per cent, bonds, due April, 1914, interest
June and December, $30,000), *280,000 ; unfunded debt, $116,743.51— total, $046,743.51.
Contra: Cost of road, $518,625.27 ; rolling stock, $48,863.64 ; supplies, $4,243.20 ; cash and
cash assets, $34,934.56 ; profit and loss, $40,076.84— total, $646,743.51.
Directors.— J. C. Fuller, J. Cooke, J. Cooke, Jr., John M. Butler, B. J. Woodward,
Spencer Erwin, C. D. Barney, Philadelphia, Pa.
J. C. FULLER, President Philadelphia, Pa.
Treas. and Sec.— John M. Butler Philadelphia, Pa. | Gen. Supt.—Wm. H. Woodward Carlisle, Pa.
PRINCIPAL OFFICE AND ADDRESS Carlisle, Pa.
Transfer Office 114 South Third St., Philadelphia, Pa.
GREENLICK NARROW-GAUGE RAILWAY COMPANY.
Line of K< ad. — Greenlick Junction to Mount Vernon Mines, Pa 3.56 miles.
Sidings, 0.43 mile. Gauge, 3 ft. Rail (steel, 0.23 mile), 24 and 30 Ibs.
History.— Chartered October 19, 1874. Road opened July 1, 1875.
Rolling: Stock. — Locomotive engine, 1. Cars — passenger, 1 ; coal, ore, etc., 23. .,
166 POOR'S MANUAL OF RAILROADS.
Earnings for year ending December 81, 1886.— Passenger, $46.05; freight, $3,074.83—
total, $3.120.88. Operating expenses, $3,635.73. Deficit, $514.85.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $32,089.02 ; current
accounts and bills payable, $4,385.20 ; profit and loss, $565.10— total, $37,039.32. Construe
tion and equipment, $37,002.77 ; cash and accounts receivable, $36.55.
Directors (elected January 14, 1887).— D. H. Pershing, Stauffer's Station, Pa.; Geo. K.
Miles, Edwin Miles, H. C. Frick, Pittsburgh, Pa. ; David White, Jos. R. Stauffer, Nathl.
Miles, Scottdale, Pa. ; G. A. Hogg, Hogg's P. O., Westmoreland Co., Pa.; G E. Hogg,
Brownsville, Pa.
D. H. PEKBHING, President and General Supt Stauffer's Station, Pa.
Secretary and Treasurer— Nath. Miles Scottdale, Pa. | Division Supt.— David White Scottdale, Pa.
PKINCIPAL OFFICE AND ADDRESS Scottdale, Pa.
GEEENWICH AND JOHNSONVILLE RAILWAY COMPANY.
Line of Road. — Greenwich, N. Y., to Johnsonville, N. Y 14.65 miles.
Siding*, etc., 2 miles. Gauge, 4 ft. 8^ in. Rail (steel, 10.5 miles), 56 and 60 Ibs.
History. — The G. & J. RR. Co. was chartered March 26, 1864 ; road opened August 31,
1870. Reorganized upon foreclosure, and present name adopted, September 6, 1879.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; baggage, 1 ; freight, 3.
Operations for year ending September 30, 1886. — Train mileage — passenger, 27,512 ;
freight, 6,094 ; other, 3,047 — total, 36,653 miles. Passengers carried, 23,196 ; carried one
mile, 324,744 ; average mile rate, 3.06 cents. Tons of freight moved, 30,877; moved one mile,
432,278; average ton-mile rate, 5.96 cents. Earnings — passenger, $11,686.30; freight,
$25,760.09 ; other, $1,616.40— total, $39,062.79. Operating expenses and taxes, $32,267.05.
Net earnings, $6,795.74; other receipts, $81.62 — total, $6,877.36. Payments : Dividends
(Nos. 9 and 10, January 1, and July 1, 4-J- per cent, each, at Greenwich. N. Y.), $10,620.
Deficit, $3,742.64; surplus from last year, $22,996.85 ; net surplus as per balance sheet,
$19,254.21.
Financial Statement, September 30, 1886.— Capital stock (authorized $150, 000), $118,000 ;
profit and lo*s, $19,254.21— total, $137,254.21. Contra : Cost of road, etc., $134,384.37 ; bills
receivable, $699.04; cash, $2,170.80.
Directors (elected October, 1886).— W. D. Robertson, H. A. Cottrell, E. H. Gibson, J. H.
Thompson, W. L. Cozzens, E. D. Culver, Henry Gray, "W. L. Mowry, William Hartshorn,
Walden Eddy, Charles Griffin, Greenwich, N. Y. ; Edward Whiteside, Robert McMurray.
South Cambridge, N. Y.
WILLIAM D. ROBERTSON, President Greenwich, N. Y.
Vice-President— ft. A. Cottrell Greenwich, N. Y. I Secretary— K. H. Gibson Greenwich, N. Y.
Treasurer— C. H. Van Ness Greenwich, N. Y. | Superintendent— J . H. Thompson Greenwich, N. Y.
PRINCIPAL OFFICE AND ADDRESS Greenwich, N. Y
HARRISBURG AND POTOMAC RAILROAD COMPANY.
Main Line of Road.— Bowmansdale, Pa., to Shippensburg, Pa 32.0 miles.
i Cleverxburg : Cleveisburg Junction to Ore Bank 2.9
\0re Banks: Main Line to Ore Banks 2.0— 4.9 miles.
Total length of lines owned, December 31, 1886 36.9
Sidings, 4 miles. Gauge, 4 ft. 8| in. Rail, 56 Ibs.
History.— Chartered as Mirimar Iron Co. in 1870 ; reorganized under present title De-
cember 4, 1871. Main line from Bowmnn^dale to Cleversburg Junction and the branches to
the Ore Banks, in all 34.9 miles, built 1873 to 1883. Main line extended to Shippensburg, 2
miles, during 1884.
POOH 8 MANUAL OF RAILROADS.
167
Rolling Stock, December 31, 1886. — Locomotive engines, 3. Cars — passenger, 4 ; bag-
gage, mail and express, 2 ; freight (box, 9; platform, 15 ; caboose, 1), 25 ; service cars, 10 —
total cars, 41.
Operations for year ending December 31, 1886. — Train mileage — passenger, 34,794 ;
freigbt, 10,011 — total, 44,805 miles. Passengers carried, 18,316. Tons freight moved,
45,138.
Earnings.— Passenger.. '$5,231 82
Freight 14,55895
Mail 1,284 31
Express 78 19
Miscellaneous 1,676 80
Total ($618.70 per mile) $22,830 07
Expenses. — Transportation $2,918 79
Motive Power 6,632 20
Maintenance of Cars 4,228 91
Maintenance Way and Buildings. 11,886 03
General 8,792 86
Total ($798.34 per mile) $fcl,458 78
Deficit, $6,628.72. Expended in construction, $5,192.15— total deficit, $11,820.87.
Financial Statement, December 31, 1886.— Capital stock, $379,165.20 ; funded debt, 1st
mortgage 7 per cent. 30-year bonds, due January 1, 1904, interest January and July, $507,200;
unfunded debt, $445,690.06— total, $1, 333,055. 26. Construction, $1,075,381.46 ; equipment,
$37.500— total, $1,112,881.46. Excess of liabilities, $219,173.80.
Annual meeting first Monday in July.
Directors (elected July 6, 1885).— Daniel V. Ahl, Newville, Pa. ; Thomas W. Ahl, Asbuiy
Derland, Boiling Springs, Pa. ; J. J. Dull, Harrisburg, Pa. ; A. W. Eichelberger, Hanover,
Pa. ; A. H. O'Brien, C. H. Quarles, Wm. B. Scott, Win. H. Brown, Philadelphia, Pa.
Tnos. W. AHL, -President Boiling Springs, Pa.
Sec. and Treas. — Asbury Derland. . .Boiling Springs, Pa. | General Manager— A.. A. McLeod Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDBESS Boiling Springs, Pa.
HERKIMER, NEWPORT AND POLAND (N. G.) RAILWAY COMPANY.
Line of Road.— Herkimer, N. T. , to Poland, N. Y 16.73 miles.
Sidings, etc., 1.36 miles. Gauge, 3 ft. 6 in. Rail— steel (3.49 m.), 40 Ibs.; iron, 30 Ibs.
History. — Chartered June 29, 1880 ; road opened from Herkimer to Middleville, Sep.
ternber 6, 1881 ; to Newport, January 1, 1882 ; and to Poland, May 29, 1882.
Rolling ; Stock. — Locomotive engines, 2. Cars — passenger, 2 ; box, 7-; platform, 10 ;
coal, 2 — total, 21. Also, 10 hand cars, and 1 snow flanger.
Operations for year ending September 30, 1886. — Mixed trains run, 32,410 miles. Pas-
sengers carried, 40,196 ; carried one mile, 314,499 ; average mile rate, 5.33 cents. Tons of
freight moved, 16,635 ; moved one mile, 217,025 ; average ton-mile rate, 9.34 cents.
Earnings— passenger, $16,773.45 ; freight, $20,278.94 ; other, $2,196.89— total, $39,-
249.28. Operating expenses, $26,179.05. Net earnings, $13,070.23. Payments: In-
terest on funded debt, $3,607.99; dividends (3 per cent.), $5,094; other payments, $1,-
389.26— total, $10,091.25. Balance, surplus, $2,978.98 ; surplus from last year, $5,236.97—
total surplus, $8,305.95.
Financial Statement, September 30, 1886.— Capital stock (authorized $250,000). $169,-
800 ; funded debt, 1st mortgage (road and equipment) 5 per cent. 15-year coupon $500 bonds,
due April 1, 1901, interest payable April and October at Lincoln National Bank, New York
City, $66,000 ; current accounts, $3,208.21 ; mortgage on repair shops, $800 ; profit and loss,
$8,305.95— total, $248,114.16. Contra: Construction, $197,750.25; equipment, $28,055.48;
real estate, $13,570.15 ; materials, etc., on hand, $1,816.98 ; assignment of mortgage ou repair
shop, $800 ; bills receivable, $3,467.15 ; current accounts, $1,282.06 ; cash on hand, $1,372.09.
April 1, 1886, the bonded debt of $66,000 was refunded at lower rate of interest — viz., from
6 per cent, to 5 per cent.
Annual meeting, fourth Tuesday in June. Books close for annual meeting 30 days prior
thereto, and for dividends 10 days prior to payment of same. Dividends payable January
168 POOR'S MANUAL OP RAILROADS.
15th and July 15th at office of company. Stock can be voted if transferred prior to eloping of
books. Trustees of bonds, Robert Earl, Herkimer, -N. Y. ; Thomas L.James, New York,
N. Y. Bonds convertible into stock, dollar for dollar, at pleasure of holder.
Directors (elected June 22, 1886).— Edward M. Burns, George H. Thomas, Wallace V
Mosher, J. T. Wooster, Middleville, N. Y.; Samuel Earl, John W. Vrooman, \Vm. Smith,
Marcus W. Rasbach, Herkimer, N. Y.; Henry W. Dexter, Henry G. Burlingame, Newport,
N. Y.; Stephen R. Millington, John Hemstreet, Warren A. Brayton, Poland. N. Y.
EDWARD M. BCBKS, President and Gen'l Mgr Middleville, N. Y.
Vice-President- Stephen R. Millington. . .Poland, N. Y. | Treasvrer-GeoTge H Thomas . Middleville, N. Y.
Secretary-Thomas E. Merritt Newport, N. Y.
PRINCIPAL OFFICE AND ADDRESS Newport, N. Y.
HIBERNIA MINE RAILROAD COMPANY.
Line of Road.— Rockaway (M. & E. RR.), N. J., to Hibernia Mine, N. J 5.25 miles.
Sidings, 1 mile. Gauge, 4 ft. 9£ in. Rail, 50 Ibs.
History.— Chartered March 18, 1863 ; road opened in same year.
Rolling Stock.— Locomotive engines, 2 ; platform and gravel cars, 38.
Operations for year ending December 31, 1886.— Freight moved, 104,799 tons. Gross
earnings ($5,821.22 per mile), $30,561.39. Operating expenses ($2,561.73 per mile), $13,449.-
08. Net earnings (55.99 per cent.), $17,112.31. Dividends (January 11, and July 10, 1886, 3
per cent, each), $12,000.
Financial Statement, December 31, 1886.— Capital stock, $200,000. Contra: Cost of
road, real estate, etc., $175/282.72 ; equipment, $22,900.
Annual meeting first Wednesday in April.
Directors (elected April 7, 1886).— George Richards, R. George, Mahlon Pitney, Dover,
N. J.; F. A. Couly, J. S. Wise, John R. Fell, Philadelphia, Pa.; George Fuller, Boon ton, N. J.
GEORGE RICHARDS, President and General Manager. Dover, N. J.
Sec. and Treat.— J. Wesley Pnllman..Philadelphia, Pa. | Gen. Superintendent— Geo. R. Miller.. .Rockaway, N. J.
PRINCIPAL OFFICE AND ADDRESS Rockaway, N. J.
Transfer and Treasurer's Office 240 South Third St., Philadelphia, Pa.
HUNTINGDON AND BROAD TOP MOUNTAIN RAILROAD COMPANY.
Main Line of Road. — Huntingdon, Pa., to Mount Dallas, Pa 45.00 miles.
Branches : Slwup's R'n, 9.50 ; Six M, R'n, 4.00 ; S'ndy R'n, 2.70 ; Long's R'n, 3. .19.20 miles.
Total length of lines operated 64.20 miles.
Sidings, etc., 17 miles. Gauge, 4 ft. 8£ in. Rail (steel, 42.2 miles), 60 to 70 Ibs.
History.— Chartered May 6, 1852 ; road opened in 1855. Consolidated July 30, 1864,
with the Bedford RR. The Bedford RR. Co. was chartered March 19, 1858, to build from
Hopewell to Bedford. The road was completed from Hopewell to Bloody Run in July, 1863,
and extended to Mt. Dallas in 1867. The rest of the line originally projected is now a part
of the Bedford and Bridgeport RR.
Rolling Stock, December 31, 1886. — Locomotive engines, 20. Cars — passenger, 4 ; bag-
gage, 2 ; combination,!; freight (box, 1 ; dump, 20 ; truck, 19 ; gondolas, 254 ; caboose, 10),
304; service cars, 7 — total cars, 318, of which 250 freight cars have been acquired by car trust.
Operations for year ending December 31, 1886.— See tabulated statement below.
Earnings— passenger, $42,213.51 ; freight, $329,094.78; mail and express, $6,740.39;
miscellaneous, $1,766.28— total ($5,917.06 per mile), $379,874.96. Expenses— transporta-
tion, $102,409.96; roadway, $54,729.11— total ($2,448.27 per mile), $157,139.07. Net earn-
ings (58.63 per cent.), $222,735.89. Add net n-ceipts collieries and coal lands, $3,800.32—
t >tnl, $226,536.21. Paid interest on bonds and scrip, $137,727.44 : other payments, $26,-
037.25— total, $163,764.69.
POOR S MANUAL OF RAILROADS.
169
General Balance Sheet, December 81, 1886.
Cost of Road, Equipment, etc.. $5,590,384 54
Real Estate 56,592 73
Trustees for Scrip 118,89500
Materials and Fuel on Hand 13,601 03
Working and other Expenses, etc 182,060 36
Interest Account 45478
Current Accounts 14,626 02
Cash on Hand 80,718 09
Car Trust Loan 57,900 00
ProfltandLoss 113,254 52
Common Stock Paid in ($50) $1 ,860,050 00
Preferred Stock Paid in ($50) 1,985,800 00
Funded Debt and Scrip 2,399,395 00
Preferred and Common Stock Scrip 2,280 20
Earnings, Royalties and Rents 384,25145
Car Trust Cars
Interest and Dividends
Current Accounts...
66,147 71
11,115 21
11,001 50
Total Assets $6,228,547 07 Total Liabilities .
Statement of operations, etc., for eight years :
.$6,228,547 07
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles.. .
Freight'Train Miles
Passengers Carried
53,840
122.585
46.560
56,520
162,680
73,&38
53.120
173,585
77.541
57,465
161,310
87,268
57,7GO
217,475
95,723
57,780
189,345
92,416
56,600
216,340
83,919
57,070
169,060
80 037
Passenger Miles
795,931
1,217,232
1,310,872
1,41 £,344
1,446,767
1,523,168
1 425 645
1 429 307
Freight Moved
415,337
564,942
683,423
632.112
892,267
795.805
901 301
8!»2 198
B. Top Coal
141,594
174,637
204,819
271,217
196,534
192.706
176,076
385 797
Cumberland Coal
171.931
242,593
313,601
208,031
471,785
394,114
460,289
200,154
All other Freight
101,812
147,612
1(15,003
152,864
S23.9-S8
208,985
264 936
240247
Freight Miles
13,056,514
18,478,776
21,901,311
25,281,773
30,765,098
26,152,897
30,767.114
28,018,643
Gross Earnings
$
253,525
$
312,491
8
332,653
$
320,434
$
424,495
$
333,501
371,000
$
379,875
Gross Expenses
112,222
160,648
166,941
161,393
203,444
157,836
203,990
157,139
Net Earnings
141,303
151,843
165,712
159,036
221,051
175,725
167,004
222,736
No dividends have ever been paid on common stock. Dividends of 3£ per cent, each
were paid on the preferred stock, July, 1864, and January, 1865. On January, 31, 1884, a
dividend of 1£ per cent, on preferred stock was declared.
Stock and bonds listed on Philadelphia Stock Exchange. Annual meeting first Tuesday
in February ; books close sixty days prior thereto. Voting power attaches on stock on sixty
days' ownership. Interest payable at 417 Walnut St., Philadelphia; Rathmell Wilson and
James Long, trustees of bonds.
The funded debt and scrip consist of the following issues :
Bonds. Scrip.* Total.
1st mortgage 7 per cent. 20-year $500 coup, bonds, due October 1, 1890. . $416,000 $65,332 50 $481,332 50
2d mortgage 7 per cert. 20-year $500 coup, bonds, due February 1, 1895. . 367,500 53,562 50 421,062 50
Consol. mortgage 5 per cent. 30-year $1,000 bonds, due April 1, 1895 1,497,000 1,497,00000
Total bonds and scrip outstanding, December 31, 1886 $2,280,500 $118,895 00 $2,399,395 00
* Scrip is due December 1, 1889, and bears interest at rate of seven per cent, per annum, payable June and
December.
Directors (elected February 1, 1887).— Rathmell Wilson, John Devereux, I. V. William-
son, James Long, James Whitaker, M. E. McDowell, William Cochran, John B. Wattson,
Thomas R. Patton, Jacob Naylor, William J. Barr, Spencer M. Janney, Philadelphia, Pa.
B. ANDREWS KNIGHT, President Philadelphia, Pa.
General Manager— George F. Gage ...Huntingdon, Pa. | Sec. and Treas.—3. P.Donaldson Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS 417 Walnut St., Philadelphia, Pa.
IRONTON RAILROAD COMPANY.
Line of Road.— Coplay to Ironton and Orefield, Pa 9.33 miles.
Sidings, 3.54 miles. Gauge, 4 ft. 8£ in. Rail, 50 to 57 Ibs.
History.— Chartered in 1858. Road opened in May, 1860.
Rolling Stock. — Locomotive engines, 2 ; 1 freight car.
Operations for year ending December 31, 1886.— Freight train miles, 11,040. Tons of
freight moved, 151,120; moved one mile, 632,391. Earnings— freight, $40,074.50; other,
$1,450.37— total, $41,524.87. Operating expenses, $15,838.30. Net earnings, $25,686.57.
170 POOR'S MANUAL OP BAII.ROADS.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $200,000 ; profit and
loss, $57,507.54— total, $257,507.54. Cost of road, $200,000; real estate, $437.50 ; bills
receivable, $53,584.64 ; cash, $3,485.40— total, $257,507.54.
Directors (elected October 7, 1886).— Samuel Thomas, Catasauqua, Pa.; John T.
Knight, Ea*ton, Pa.; John Thomas, Edwin Mickley, Hokendauqua, Pa.; Wm. W. Marsh,
Schooley's Mountain, N. J.; Benjamin S. Clarke, New York City.
SAMUEL THOMAS, President Catasauqua, Pa.
Treasurer and Secretary— J. T. knight Easton, Pa. | Sujjerintendent—Vfrn. Andrews Ironton, Pa.
PRINCIPAL OFFICE AND ADDKESS Easton, Pa.
ISLAND RAILROAD COMPANY.
Line of Road.— In City of Buffalo, N. Y 0.134 miles.
Sidings, etc., 1.01 miles.
History. — Chartered September 1, 1883 ; road opened in 1884. Operated in connection
•with certain coal docks between Blackwell Canal and Buffalo River. Company owns no roll-
ing stock.
Operations for year ending September 30, 1886. — Freight moved, 189,006 tons. Gross
earnings, $54,412.14. Operating expenses, $36,049.61. Net earnings, $18,302.53 ; add rent-
als, $3,600— total available revenue, $21,962.53. Payments— interest, $24.000 ; taxes,
$5,381.62— total, $29,381.62. Deficit for the year, $7,419.09; deficit from last year, $13,-
359.69— total deficit to date, $20,778.78.
Financial Statement, September 30, 1886.— Capital stock, $200,000; funded debt, general
mortgage 6 per cent. 40-year bonds, dated November 1, 1883, $400,000 ; interest, $50,603.50 —
total, $650,603.50. Contra: Cost of road, $599,000 ; cash on hand, $179.70 ; open accounts,
$30,645.02 ; profit and loss, $20,778.78— total, $650,603.50.
The above bonds, together with 1,900 shares ($190,000) of stock, were issued in payment
for property in the city of Buffalo.
Directors (elected at animal meeting, first Monday of September, 1886). — George A. Hoyt,
Stamford, Ct.; Edwin H. Mead, South Orange, N. J. ; Thomas Hodgson, Buffalo, N. Y.; W.
E. Street, Darien, Ct.; Samuel Thome, George W.Quintard. New York, N. Y.; A. S. Swords,
Stamford, Ct.; W. H. Ziegler, Brooklyn, N. Y.; G. L. Brown, Washington, Ct.; John R.
Platt, New York, N. Y.; F. D. Locke, Buffalo, N. Y.
GEORGE A. HOYT, President New York, N. Y.
Treasurer Edwin H. Mead New York, N. Y. I Secretary— William E. Street New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 1 Broadway, New York, N. Y.
JEFFERSON RAILROAD COMPANY. .
Line of Road.— Lanesboro', Pa., to Carbondale, Pa 36.69
Honesdale Branch : Hawley, Pa., to Honesdale, Pa 8. 18 — 44.87 miles.
Sidings, etc.. 26.82 m. Gauge, 4 ft. 8| in. and 6 ft. Rail (steel, 11.25 m.), 56 to 65 to Ibs.
History.— Opened in 1872. Leased to Erie Railway Co., January 1, 1869. Operated by
the N. Y., L. E. & W. HR. Co.; rental, $140,000 a year.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $7,096,050 ; funded
debt, $2,300,000 — total, representing cost of construction, $3,496,050.
The funded debt consists of :
1st mortgage (main line) 7 per cent. 10-year bonds, due Jan. 1, 1889 ; int. J. & J. .$2,000,000
1st mortgage (Honesdale Br.) 7 p. c. 20-year bonds, due Jan. 1, 1877 ; int. J. & J. . 204,000
2d mortgage (Honesdale Br.) 7 per c. 20-year bonds, due Jan. 1, 1889 ; int. J. & J. . 96,000
Total bonds (annual charge, $161,000) $2,300,000
Annual meeting second Tuesday in June. Books close for annual meeting 30 days prior
thereto, and for dividends 30 days prior to payment of same.
Directors. — William A. May, Horatio S. Pierce, Samuel Hines, Scran ton, Pa.; John
POOR'S MANUAL OF RAILROADS. 171
King, Samuel Felton, Jr., A. R. Macdonough, New York City ; John L. Welsh, Philadelphia,
Pa.
SAMUEL HINES, President Scranton, Pa.
Secretary— A. R. Macdonough New York City. | Treasurer— E. White New York City.
PRINCIPAL OFFICE AND ADDRESS Scranton, Pa.
KAATERSKILL RAILROAD COMPANY.
Line of Road. — Kaaterskiil Junction, N. Y., to Kaaterskill Station, N. Y 7.50 miles.
Sidings, etc., 0.25 mile. Gauge, 3 ft. Rail (steel, 7.50 miles), 40 Ibs.
History.— Chartered November 23, 1882. Road opened June 25, 1883.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2 ; baggage, mail and express,
2 ; other cars, 4 — total, 8.
Operations for year ending September 30, 1886. — Train mileage (mixed), 10,474 miles.
Passengers carried, 17,672 ; carried one mile, 115,655. Freight moved, 1,122 ; moved one
mile, 6,427 tons. Earnings — passenger, $9,217.33; freight. $1,444.75; mail and express,
$295.72 ; other, $325.55— total, $11,283.35. Operating expenses, $7,467.83. Net earnings,
$3,815.52. Payments— interest on bonds, $3,600; other interest, $149.10; taxes, etc., $523.35
—total, $4,272.45. Deficit, $456.93 ; surplus from last year, $9,413.99— net surplus, $8,-
957.06.
Financial Statement, September 30, 1886.— Capital stock, $100,000 ; funded debt, 1st
mortgage 6 per cent. 20-year coupon $1,000 bonds, due January 1, 1905, interest payable Jan-
uary and July, $60,000 ; bills payable, $4,000; current accounts, $5,401.82; interest on funded
debt, $900 ; profit and loss, $8,057.06 — total, $179,258.88. Contra : Cost of road and equip-
ment, $167,911.76 ; materials, etc., $2,263.65; due by agents, etc., $517.03 ; cash, $8,566.44
—total, $179,258.88.
Annual meeting, second Tuesday of February.
Directors (elected February 9, 1886). — Thomas Cornell, Richard G. Townsend, Thomas
H. Tremper, Richard B.Jones, Rondout, N. Y.; Samuel G. Dimmick, Kingston, N.Y.; George
Harding, Philadelphia, Pa.; Robert B. Carpenter, New York, N. Y.
THOMAS CORNELL, President Rondout, N. Y.
Samuel G. Dimmick, Vice- President Rondout, N. Y.
Secretary and Treas.— 8. G. Dimmick.. Rondout, N. Y. | General Supt.— James H.Jones Rondout, N. Y.
PRINCIPAL OFFICE AND ADDHESS Rondout, N. Y.
KEYSTONE COAL COMPANY'S RAILROAD.
Line of Road. — Junction (P. & Conn. RR.) to Keystone Mines, Pa 5.50 miles.
2d track, 0.55 mile. Gauge, 3 ft. Rail (steel, 0.50 mile), 30 and 50 Ibs.
History. — Road opened in 1877. This is a private road owned by the Keystone Coal Co.
Rolling Stock. — Locomotive engines, 2. Coal cars, 70.
Operations. — All accounts included in those of the Keystone Coal Co. The road is used
only for hauling coal from the mines of the company, on Casselman River, 3 miles south of
Meyersdale, to Keystone Junction, on the line of the Pittsburgh division of the B. & 0. RR.,
where it is dumped out of the mining cars into the B. & 0. RR. cars.
Directors. — Henry A. Stiles, Philadelphia, Pa. ; Jonathan Seward, Trenton, N. J. ; John
H. Small, York, Pa.; A. G. Richey, Trenton, N. J. ; Henry T. Weld, Baltimore, Md.; Geo. F.
Baer, Reading, Pa.; James P. Scott, Philadelphia, Pa.
HENRY A. STILES, President Philadelphia, Pa.
F. H. Williams, Secretary and Treasurer Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Meyersdale, Pa.
Transfer Office.. . 209 South Third Street, Philadelphia, Pa.
172 POOR'S MANUAL OF RAILROADS.
LACKAWANNA AND PITTSBURGH RAILROAD COMPANY.
Main Line of Road.— Belfast June., N. Y., to Perkinsville, N. Y 41.11 miles.
Olzan Division : Narrow Gauge Junction, N. Y., to Olean, N. Y. (3 ft.) 38.74 miles.
Leased : Rochester, New York and Pennsylvania RR 11.78 miles.
Total length of lines owned and leased 91.63 miles.
Sidings, etc., 6.55 miles. Gauge, 3 ft. and 4 ft. 8| in. Rail (steel, 44.66 miles), 30 to 56 Ibs.
History. — Consolidation, June 1, 1883, of the Lackawanna and Pittsburgh and the Alle-
gany Central Railroad Companies. The former of these companies was chartered November
1, 1882, to build from Roekville, near Belfast, to Perkinsville, 42 miles, with a branch to
Hornellsville, 14 miles. The Allegany Central Company was a consolidation, November 21,
1881, of three corporations — the Olean (Olean to Bolivar, 18 miles), the Friendship (Bolivar to
Friendship, 11.3 miles), and the Allegany Central (Friendship to Swain's, 28.6 miles). The
entire line between Olean and Swain's, 58.89 miles, was completed and opened in June, 1882.
In 1883, the consolidated Lackawanna and Pittsburgh Co. made the section from Angelica
to Swain's, 18 miles, standard gauge, and in the same year built, under the rights acquired
from the old L. & P. RR. Co., extensions of the line from Angelica to Belfast Junction,
and from Swain's to Pittsburgh Junction. The company had a traffic contract with the
Buffalo, New York and Philadelphia RR. for use of that company's track from Belfast
Junction to New Castle, Pa., 207 miles.
On December 8, 1884, the company becoming embarrassed, its road was placed in the hands
of a receiver. On February 8, 1886, the receiver was authorized to borrow $50,000 at a rate
of interest not to exceed 6 per cent.
A committee of bondholders, appointed for the purpose of preparing a plan for the reor-
ganization of the company, have submitted one recommending the extension of the road to
Geneva and the issue of $2,000,000 1st mortgage bonds, $1,200,000 income bonds, and $4,-
000,000 stock. Nearly 90 per cent, of all the security holders have accepted this plan.
Rolling Stock, September 30, 1886. — Locomotive engines, 4. Cars — passenger, 11 ; bag-
gage, mail, etc., 2; freight (box, 20; stock, 3; platform, 97; coal, 23), 143; caboose, 2 —
total, 158.
Operations for year ending September 30, 1886. — Train mileage — passenger, 52,380;
freight, 40,792— total, 93,172 miles. Passengers carried, 60,048 ; carried one mile, 640,140 ;
average mile rate, 7.98 cents. Tons freight moved, 28,437 ; moved one mile, 751,289 ; average
ton-mile rate, 2.75 cents.
Expense*. — Maintenance of Way $15,838 41
Motive Power and Cars 9,149 79
Transportation 26,179 98
Miscellaneous 18,236 68
Total ($757.45 per mile) $69,404 86
—Passenger $19,084 51
Freight 20,634 90
Mail and Express 7,302 97
Miscellaneous 3,920 54
Total ($555.96 per mile) $50,942 92
Deficit ($18,461.94, less $602.50 received for rent), $17,859.44. Charges against net earn-
ings—interest, $2,829; taxes on property, $3,820.98; other taxes, $224.36— total, $6,874.34.
Total deficit for the year, $24,733.78 ; deficit from last year, $42,072.63— total deficit to date,
$66,806.41.
Company's General Balance Sheet, September 30, 1886.
Cost of Road and Equipment $8,040,059 02
Due by Agents,... 2,38111
Current Accounts 42,29116
Sundries 9,515 00
L. and P. Bonds 111,000 00
Allegany Central Bonds 22,700 00
Car Trust Bonds 5,000 00
Profit and Loss 521,79289
Total Assets $8,754,739 18
CapitalStock $5,000,000 00
Funded Debt 2,818,000 00
Interest 326,56800
Audited Vouchers and Pay Rolls 117,624 82
Current Accounts 65,373 65
Loans and Bills Payable 107,799 23
Real Estate Mortgage 2,977 00
Car Trust Notes 371,827 42
Geo. D. Chapman, Receiver 29,269 06
Shop Notes 15,300 00
Total Liabilities $8,754,739 18
POOR'S MANUAL OF RAILROADS. 173
The funded debt consisted, September 80, 1886, of —
* 1st mortgage 6 per cent, bonds, dated July 1, 1883, due April 1, 1923, interest January and July $1,642 000
Income non-cumulative 6 per cent, bonds, dated January 1, 1883, due April 1, 1923 800,000
1st mtg. (Allegany Central, 58 m.), 6 p. c. bonds, dated Jan. 1, 1881, due Jan. 1, 1922, int. Jan. and July. 281,'(MX)
2d mortgage (Allegany Central, 58 m.), 6 p. c. 40-year bonds, dated Sept. 1, 1882, interest Mch. and Sept. 59,000
Income mortgage (Allegany Central, 58 m.), 6 p. c. non-cumulative, dated Nov. 21, 1881, interest Jao 86,000
Receiver's BaloMce Sheet : Audited vouchers and pay rolls, $47,524.45 ; current accounts,
$18,419.18; loans and bills payable, $1,258.34; cash deficiency, $1,062.33; receiver's certifi-
cates, $86,500— total liabilities, $154,764.30. Contra : Cost of road and equipment, $9,111.79 ;
bills receivable, $17,890.57; due by agents and accounts, $39,523.61 ; material and supplies,
$20,715.13 ; sundries, $716.79 ; profit and loss, $66,806.41— total assets, $154,764.30.
ROCHESTER, NEW YORK AND PENNSYLVANIA RAILROAD.-Nunda, N. Y., to
Swain's, N. Y., 11.75 miles; total track, 11.75 miles. Gauge, 4 ft. 8i in. This was part of the old Ij ichester,
Nunda and Pittsburgh RR., built in 1872-73 ; entirely rebuilt in 1882. Leased to Buffalo, New York and Phila-
delphia Ry., which owns all of its cap'tal stock. Capital stock, $1,500,000. ARCHER N. MAHTIN, President ;
Charles E. Kimball, Secretary and Treasurer, New York City.
Board of Directors L. & P. RR. Co., 1886.
A. W. Miner Friendship, N. Y.
M. S. Blair Angelica, N. Y.
J.Nelson Borland,Jr.NewYork,N.Y.
Archer N. Martin Summit, N. J.
George D. Chapman. Angelica, N. Y.
Frank Jenkins New York, N. Y.
Silas H. Witherbee...
Clinton R. Werden. Providence, R.I.
Charles E. Kimball. New York, N.Y.
Oliver Watson New York, N. Y.
iNew York, N. Y. | Frank S. Smith..
.Angelica, N. Y.
GEO. D. CHAPMAN, Receiver and President Angelica, N. Y.
Frank S. Smith, 1st Vice-President and General Counsel. . . .Angelica, N. Y.
2d Vice-President— Frank Jenkins. . . .New York, N. Y. | Sec. and Traw.— Chas. E. Kimball New York, N. Y.
Auditor and Assistant Treasurer— It. S. Blair Angelica, N. Y.
PRINCIPAL OFFICE AND ADDRESS Angelica, N. Y.
* $900,000 of these bonds set aside to take up Allej;any Central 1st and 2d mortgage bonds at par, and income
bonds at 50 per cent.
LAKE CHAMPLAIN AND MORIAH RAILROAD COMPANY.
Line of Road.— Port Henry, N. Y., to Mineville, N. Y 7.66 miles.
Sidings, etc., 6.30 miles. Gauge, 4 ft. 8| in. Rail (steel, 7.66; iron, 6.30 miles), 50 and 60 Ibs.
History. — Organized December 4, 1867 ; road opened in 1869. Operated chiefly in con-
nection with the iron mines at Mineville. The maximum grade is 250 feet to the mile, the
total descent in the whole length of the road being about 1,400 feet.
Rolling' Stock. — Locomotive engines, 8. Cars — passenger, 4 ; platform, 4 ; coal, 13 ;
ore ,187 ; scraper, 1 — total, 209.
Operations for year ending September 30, 1886. — Train mileage — freight, 34,654; other,
85,340 — total, 69,994 miles. Passengers carried, 183; carried one mile, 1,403; tons freight
moved, 346,373; moved one mile, 2,559,205. Earnings— passenger, $60.37; freight, $84,-
819.42— total, $84,879.79. Operating expenses, $55,642.80. Net earnings, $29,236.99. Add
interest and rents, $1,119.57— total net revenue, $30,356.56. Payments : Dividend (10
per cent.), $20,000; taxes, $3,588.66. Surplus, $6,767.90. Surplus from last year, $260,-
753.95; increase of supplies ($4,053.10; decrease cost of road and equipment, $2,006.36),
$2,046.74. Total surplus, September 30, 1886, $269,568.59.
On September 15, 1875, this company paid its first dividend, being at the rate of 10 per
cent, on the capital stock. Since then it has paid the following dividends : January 3, 1876,
10 per cent.; March 5, 1877, 10 per cent.; January 31, 1878. 12 per cent.; December 24, 1878,
10 per cent.; November 17, 1879, 15 per cent; November 30, 1880, 20 per cent.; November
19, 1881, 10 per cent.; November 15, 1882, 20 per cent.; November 14, 1883, 13 per cent.:
November 15, 1884, 17 per cent.; November 20, 1885, 10 per cent.; November, 1886, 10
per cent. — total of 13 dividends paid to end of 1886, 167 per cent.
Financial Statement, September 30, 1886.— Capital stock, $200,000 ; profit and lo.'s,
$269,568.59— total, $469,568.59. Contra : Cost of road, $324,509.53 ; equipment, $84,711.82;
material on hand, $29,824.04 ; accounts and cash, $30,523.20— total, $469,568.59.
Dividends paid in Poughkeepsie. Annual meeting, second Wednesday in November.
Directors (elected November 10, 1886).— George R. Sherman, Frank S. Witherbee, Port
174 POOR'S MANUAL OF RAILROADS.
Henry, N. T.; Silas H. Witlierbee, H. M. Braem, New York City ; Albert Tower, Pough-
keepsie, N. Y. ; James A. Burden, Troy, N. Y.
GEOKGE R. SHERMAN, President Port Henry, N. Y.
Treasurer— Albert Tower Ponghkeepsie, N. Y. | Superintendent— E. B. Hedding Port Henry, N. Y.
Secretary— Frank S. Witherbee Port Henry, N. Y.
PRINCIPAL OFFICE AND ADDRESS Port Henry, N. Y.
Agency Poughkeepsie, N. Y.
LEHIGH AND HUDSON RIVER RAILWAY COMPANY.
Line of Road.— Belvidere, N. J., to Greycourt, N. Y 63.20 miles.
Sidings, etc., 10.12 miles. Gauge, 4 ft. 8| in. Rail (steel, 7.45 miles), 56 and 60 Ibs. per yard.
History. — The Lehigh and Hudson River RR. Co. was organized in January, 1881, to
build a road from Belvidere to a point near Danville, N. J., a distance of 11 miles. In April,
1881, the Pequest and Wallkill RR. Co., having a charter to build a line from Belvidere to
the New York State Line, about 50 miles, was merged into the Lehigh & Hudson River RR.
Co. Construction was immediately begun and the road completed from Belvidere to
McAfee. On the Istof April, 1882, the Warwick Valley RR. Co., owuinga road from McAfee,
N. J., to Greycourt, N. Y., 21.6 miles, was consolidated with the Lehigh and Hudson. The
Warwick Valley was chartered March 8, 1860 ; road opened from Greycourt, N. Y., to War-
wick, N. Y., 10.16 miles, April 1, 1862; extended to McAfee in March, 1880. The portion
of this latter extension between McAfee and the State line was built by the Wawayanda RR.
Co., arid was consolidated with the Warwick Valley RR. Co. The consolidated road was
opened throughout August 14, 1882. The company uses the track of the New York, Sus-
quehanna and Western RR. from Hamburg Junction to Franklin Junction, N. J., 1.9 miles,
leaving total length of road owned, 61.3 miles.
In July, 1885, the bondholders agreed to fund four coupons — July, 1885, to January, 1887,
inclusive. During this period the net earnings will be applied to the payment of the car trust
certificates. In December, 1885, this company entered into a traffic contract with the Lehigh
Coal and Navigation Co., under which that company binds itself to ship annually over the
Lehigh and Hudson River Ry. a stated quantity of coal.
Rolling Stock, September 80, 1886. — Locomotive engines, 8. Cars — passenger, 6 ; bag-
gage, mail and express, 5 ; freight (box, 14 ; platform, 10 ; milk, 6 ; coal, 502 ; coal, 4-wheel,
19; caboose, 2), 503; derrick car, 1 — total cars, 565.
Operations for year ending September 30, 1886. — Train mileage — passenger, 22,0!X) ;
freight, 127,060— total, 149,090 miles. Passengers carried, 88,669 ; carried one mile, 910,-
278 ; average mile rate, 2.43 cents. Tons freight moved, 295,430 ; moved one mile, 12,-
434,913 ; average ton-mile rate, 1.38 cents.
Earnings.— Passenger $22,104 48
Freight 171,369 94
Mail 2,918 65
Express 1,370 82
Miscellaneous 11,529 93
Total ($3,311.61 per mile) §209,293 82
Expenses.— Transportation $50,757 58
Motive Power 4,813 83
Maintenance of Cars. . 7,166 21
Maintenance Way & Buildings.. 34,938 88
General and Taxes 29,623 98
Total ($2,014.25 per mile) $127,800 48
Net earnings (39.17 per cent.), $81,993.34.
General Balance Sheet, September 30, 1886.
Cost of Road $2,452,173 46
Cost of Equipment 412,725 67
51 at erialif and Fuel on Hand 14,691 49
Current Accounts 15,210 96
Cash on Hand 14,089 22
Profit and Loss 122,298 95
Total Assets $3,031,189 75
Capital Stock $1,340,000 00
Funded Debt Outstanding 1,302,000 00
Bills Payable 100,105 34
Current Accounts 13,369 27
Interest Due and Accrued 100,875 00
Vouchers and Pay Kolls 32,480 42
Car Trust 142,359 72
Total Liabilities $3,031,189 75
POOR'S MANUAL OF RAILROADS. 175
The funded debt consisted, September 30, 1886, of :
Warwick Valley RR. (15 miles) 1st mortgage, 6s, Jnly 1, 1879-99, interest April and October. .. $145 000
Wawayanda RR. ((i.5 miles) 1st mortgage (is, January 1, 1880-1900, interest January and July "" ffiMO
Lehigh and Hudson River RR (41.6 miles) 1st mortgage 6s, July 1. 1881-1911, interest January and July.. . 80o!oOO
Warwick \ alley RR. (21.6 miles) 3d mortgage 6s, December 1, 1881-1911, interest April and October.. 240 000
Lehigh and Hudson River Ry. (63.2 miles) 2d mortgage 6?, January 1, 1884-1909, interest April and Oct 52,000
All bonds coupon. First mortgages of 1899 and 1900, $500 and $1,000 bonds ; others,
$1,000. Interest payable at National Exchange Bank, New York. Annual meeting first
Monday in December. D. B. Halstead, trustee of bonds. New York National Exchange
Bank, registrar of stock.
Directors (elected December 6, 1886).— Qrinnell Burt, George W. Sanford, Warwick,
N. Y.; W. C. Sheldon, Brooklyn, N. Y.; John S. Martin, New York, N. Y.; F. A. Potts,
Pittstown, N. J.; G. A. Hobart. Paterson, N. J.; James B. Titman, Sparta, N. J.; Edward
W. Clark, Joseph S. Harris, Francis C. Yarnall, Philadelphia, Pa.; H. O. Marsh, Morristown,
N. J.; R. T. Davies, W. E. Potts, New York City.
GRINNELL BURT, President and General Manager Warwick, N. Y.
Joseph S. Harris, Vice-President Philadelphia, Pa.
Secretary— D. B. Halstead Brooklyn, N. Y. | Treasurer— Jno. Sayer . . . ... Warwick, N. T
Auditor-^. M. Reynolds Warwick, N. Y.
PRINCIPAL OFFICE AND ADDRESS Warwick, N. Y.
Transfer Office National Exchange Bank, New York, N. Y.
LEHIGH AND LACKAWANNA RAILROAD COMPANY.
lane of Eoad.— Bethlehem, Pa., to Wind Gap, Pa 25 miles.
Sidings, etc., 2 miles. Gauge, 4 ft. 8£ in. Rail, iron, 52; steel (14 miles), 60 Ibs.
History. — Road opened in 1867. Operated in connection with the Lehigh and Susque-
hanna RR. under special agreement.
Operations for year ending December 31, 1886. — Trains run (passenger, 39,651 ; freight,
20,468), 60,119 miles. Passengers carried one mile, 657,281. Freight moved, 71,696 ; moved
one mile, I,2o4,594 tons. Earnings — passenger, $15,237.18; freight, $40,685.68; mail, ex-
press, etc., $4,169.55— total, $60,092.41. Operating expenses, $51,712.90. Net earnings,
$8,379.51. Paid interest on 1st mortgage bonds, $7,000; on 2d mortgage bonds, $1,379.51 —
total, $8,379.51.
Financial Statement, December 31, 1885.— Capital stock ($50 shares), authorized, $1,-
000,000; paid in, $375,100; funded debt (1st mortgage 7 per cent. 30-year bonds, due De-
cember 1, 1907, $100,000 ; 2d mortgage 7 per cent. 30-year bonds, due December 10, 1907,
$500,000), $600,000 ; current accounts, $1,111. 66— total, $976,211.66, representing cost of road.
Annual meeting second Monday in January. Interest payable at Philadelphia.
WIND GAP AND DELAWARE RAILROAD.— Pen Argyl, Pa., to Stroudsbnrg, Pa. (completed,
4 miles), 17 miles. Bangor Branch, Pen Argyl to Bangor, 5 miles. Gauge, 4 ft. 8 J in. Rail, 50 Ibs. Road as
completed opened in 1881. Operated in connection with the Lehigh and Lackawanna RR. Capital stock (par,
$50), $50,000 ; due lessee, $15,697.82— total, representing cost of road, etc., $65,097.32. F. C. YAKNALL, President;
B. Shepherd, Treasurer, Philadelphia, Pa.
Directors L. & L. RR.— E. W. Clark, Joseph S. Harris, Edward 'Lewis, Philadelphia,
Pa.; Fisher Hazard, Mauch Chunk, Pa.
F. C. YARNALL, President Philadelphia Pa.
Secretary and Treasurer— S. Shepherd.Philadelphia, Pa. | Auditor— C. F. Howell Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS 226 South Third Street, Philadelphia Pa.
176 POOR'S MANUAL OP RAILROADS.
LEHIGH VALLEY RAILROAD COMPANY.
Main Line of Road.— Perth Amboy, N. J., to "Wilkesbarre, Pa 159.61 miles.
Beaver Meadow Branch, Perm Haven June, to Audenreid, Pa. & Brs 22.97
Hazleton Branch, Hazel Creek Bridge to Tomhicken, Pa., and Branches. 35. 11
Hazleton and Delano Branch 9.91
Lehigh Liizerne, Lumber Yard to Milnesville, Pa 19.30
Mahanoy Branch, Black Creek June, to Mt. Carmel, Pa., and Branches. 68. 41
Sear Creek Branch, Bear Creek Junction to Bear Creek, Pa 12.08
Slatedale Branch, Slatington to Slatedale, Pa 4.06 — 171 .84 mile3
Clinton Branch, Landstown, N. J., to Clinton, N. J 2.05
Flemington Branch, Flemington Junction to Fleniington, N. J 1 .91
Paper Mill Branch, Mueconetcong, N. J., to Warren Paper Mill 1.95 — 5.91 miles.
Leased : Pcnn. and New York RR. Wilkesbarre, Pa., to Lackawanna June. . . . 9. 53 mile?.
Total length of lines owned, leased and operated 346.89 miles.
2d track, 194.27 ; sidings, 338.30 miles. Gauge, 4 ft. 8i inches. Rail (steel, 652.55 miles),
58 to 76 lb?.
History. — Chartered as the Delaware, Lehigh, Schuylkill and Susquehanna RR. Co.,
September 20, 1847 ; under existing title January 7, 1853. The main line in Pennsylvania
was completed in October, 1855. The company absorbed the Beaver Meadow RR. in July,
and the Penn Haven and White Haven RR. in August, 1864, the Lehigh and Mahanoy RR.
in June, 1886, and the Hazleton and Lehigh Luzerne Railroads in June, 1S68. The Hazleton
and Delano Branch was built during the past year.
The Easton and Amboy RR. in New Jersey, now operated as a part of the main line, was
opened in June, 1875. It was built under a separate charter, but is owned by the Lehigh
Valley RR. Co. The Clinton Branch was opened November 22, 1881, and the Flemington
and Paper Mill Branches in 1884.
The company owns a controlling interest in the Pennsylvania and New York RR., and
also in the Geneva, Ithaca and Sayre RR., and leases the Southern Central RR. of New York.
Rolling Stock, November, 30, 1886. — Locomotive engines, 329. Cars — passenger, 120 ;
baggage, express and combination, 62 ; pay, 1 ; freight — 8-wh. (box, 3,760 ; gondola, 1,£45 ;
platform, 432 ; stock, 57 ; bark, 50), 6,144 ; 4-wh. (platform, 11 ; lime, 47 ; coal, 34,981),
35,039 ; platform — 6-wh., 100; fiuit, 10; gravel, etc., 380; water, 5; tunnel, 151 ; caboose,
94 ; wreck and tool, 43 ; supply, 23 — total, 42,172. Revenue freight cars, basis of 8 wheels,
23,749.
Operations for year ending November 30, 1886. — Passengers carried, 2,664,235 ; car-
ried one mile, 37,855,051 : average fare, 2.398 cents. Freight moved (including bituminous
coal, 45,262), 3,839,794; moved one mile, 204,701,326 tons; average rate, 1.03 cents. An-
thracite coal moved, 6,656,474; moved one mile, 493,004,772 tons. Average rate per mile,
1.15 cents.
Earnings.— Passenger $907,630 71
Freight 2,106,469 39
Coal 5,669,235 94
Mail and Express 61,420 44
Total ($26,499.26 per mile) $8,744,756 48
Expenses.— Maintenance of Way $1,409,838 36
Motive Power 1,639,482 29
Maintenance of Cars 1 ,000,406 74
Transportation 1,244,589 17
Total ($16,041.87 per mile) $5,293,816 56
Net earnings (39.45 per cent.), $3,450.939.92. Add income from interest, rents, etc.,
$651,045.58. Total net income, all sources $4,101,985 50
Interest on bonded debt (including guarantees) $2,048,201 50
Dividends on common and preferred stock 1,331,531 00
General expenses, interest on floating debt, taxes, loss on Morris
Canal, estimated depreciation, etc 682,002 96— 4,061,735 46
Balance carried to credit of profit and loss account $40,250 04
Tlie dividends on common stock for upwards of 20 years prior to 1876 had been 10 per
cent. In 1864 and 1866 extra dividends of 10 per cent, each were paid. In 1876 the divi-
dends were reduced to 9 percent.; in 1877 to5£ per cent.; in 1878 and two succeeding years
POORS MANUAL OP RAILROADS.
177
to 4 per cent. In 1881 dividends of 5£ per cent, were paid; in 1882, 6i per cent.; in 1883 and
1884, 8 per cent, each ; in 1885, 6 per cent., and in 1886, 4 per cent. The last dividend paid
•was on January 15, 1887, at the rate of 4 per cent, per annum.
Statement of operations, revenue, and capital stock for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles Railroad Operated —
Passengers Carried
303.00
930,204
15,082,971
2,731,324
150,540,605
4,361,785
366,630,225
. $
4,011,445
1,488,578
432,303
313.64
1,277,428
19,812,238
3,028,710
166,178.752
5,159.408
375,303,125
$
5,352,604
1,879,574
530,813
314.59
1,465,387
23,123,806
3,397,588
255175,189
6,575,185
440.C26.699
&
6,678,950
2,126,397
618,871
321.85
1,786,854
27,449,347
3,685,436
216,411,652
6,257,159
490,420,780
$
7,158,744
2,269,021
732,305
881. &5
1,985,006
31,801,917
3,123,247
179,562424
6.527,912
524.457,899
$
7,401,796
1,985,405
8311,948
825.71
2,259.067
35,204,518
2,606,828
164,694503
6,008,999
473,022,633
$
6,295,282
1,763,429
889,496
326.61
2,278,710
33,648,225
3,170,012
220,627-093
6,258,178
497,968512
$
6,079,E42
1,617,236
860,139
330.00
2,604,235
37,855,051
8,839,794
204,701,326
3,656,474
493,004,772
$
5,669,236
2,106,469
969,051
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Coal (tons) Moved
Anthracite Coal, 1 Mile
Coal Earnings
Freight Earnings
Passenger, etc., Earnings...
Gross Earnings
5,932,326
2,996,981
7,762,991
4,002,358
9,423,858
4,648,084
10,160,070
5,833,677
10,*18,150
6,175,656
8,948,207
5,246,073
8.556,917
4,888,998
8,744,756
5,293,816
Operating Expenses
Net Traffic Earnings
2,9a5,344
608,038
3,760,633
837,947
4,775,774
968,268
4,326,392
1,079,243
4,042,494
1,092,022
3,702,134
1,238,144
8,667,919
732,344
3,450,940
651,045
Other Receipts
Available Revenue
3,543,382
4,598,580
1,630,113
1,108,757
j 742,953
1 990,339
126,418
27,603,195
5,000,000
6,000,000
4,304,000
7,500,000
2.000,000
500,000
5,744.042
2,268,313
1,522,954
772,682
1,070,059
110,034
27,603,195
5,000,000
6,000,000
4,163,000
7,500,000
2,000,000
500,000
5,405,635
2,019,734
2,350,516
375.490
554,349
105,546
27,603,195
5,000,000
6,000,000
4,013,000
7,498,000
1,952,000
550,000
5,134,516
2,031,675
2,210,378
421,920
347,9-14
122,599
27,603,150
5,000,000
6,000,000
3,854.000
7,498,000
1,949,000
553,000
4,940,278
2,057,207
2,372,242
[ 473,355
37,474
32,954,920
5,000,000
6,000,000
3,686,000
7,319,000
1,829,000
£52,000
4,400,263
2,( 159,542
1,660,234
650,385
30,102
33,099,100
5,000,000
6,000,000
3,507.000
8,304,000
1,825,000
1,011,000
4,101,985
2,048,201
1,331,531
682,003
40,250
33,219.100
5,000,000
6,000,000
3,318,000
8,210,000
1,787,000
1,143,000
Interest on Bonds, etc
1,557,900
1,095,52-2
866,596
23,363
27,428,855
5,000,000
6,000,000
4,437,000
7,500,000
2,000,000
500,000
347^60
Dividends on Stock . . . .
General Expenses . 1
Charged to depreciation. . f
Balance (Surplus)
Capital Stock
6 per cents due 1898
7 per cents due 1910
Cons. Sterling
Cons. Registered
Cons. Coupons'
Cons. Annuity
Floating debt
53,213,215
52,907,195
52,766,195
52,616,195
52,457,190
57,640,920
58,746,100
58,677,100
The accumulated depreciations charged off, as above, were principally on stock in coal
companies and railroad connections, purchased many years ago.
Financial Statement, November 30, 1886.— Capital stock (preferred, 10 per cent., $106,-
300 ; common, including scrip not yet fully paid, $33,112,800), $33,219,100 ; funded debt,
$2.'),458,000— total, $58,677,100. Per Contra: Construction and equipment, $27,754,780.85.
The remainder of capital is invested in the Easton and Amboy RR., costing $10,781,332.66,
and in real estate, bonds and stocks and otlrer properties.
Statement of funded debt, November 30, 1886.
1st mortgage 6 per cent. 30-year $1,000 coupon and registered bonds, due June
1, 1898, interest June and December $5,000,000
2d mortgage 7 per cent. 40-year, $1,000 registered bonds, due September 1, 1910,
interest May and September 6,000,000
Consolidated mortgage 6 per cent. $1,000 coupon and registered bonds of 1874-75 :
Sterling redeemable annually until 1897 $3,318,000
Coupon?, due December 1, 19'23 1,787,000
Registered, due December 1, 1923 8,210,000
Annuity irredeemable 1,143,000—14,458,000
Interest on 1st mortgage coupon bonds payable at the Bank of North America ; on all
other issues at the office of the company in Philadelphia. Interest on consols is payable
eemi-annually, June 1 and December 1. On the 1st of December, 1886, 201 sterling bonds
were drawn, leaving $3,117,000 outstanding. Par value of stock, $50 p"er share.
EASTON AND AMBOY RAILROAD.— Easton, Pa., to Perth Amboy, N. J., 60.01 miles (double
track, steel rails, and 42 miles of sidings); Clinton Branch, Landstown, N. J., to Clinton. N. J., 2.05 miles ; Flem-
ington Branch, Flemington Junction. N. J., to Fiemington, N. J., 1.91 miles ; Paper Mill Branch, Musconetcong,
to Wan-en Paper Mill, 1.95 miles— total length, 65.92 miles. Main line opened in June, 1875; Clinton Branch
November 22, 1881 : and the Flemington and Paper Mill branches during the past pear. The road is owned by
the Lehigh Valley RR. Co. In 1877 the company executed a mortgage to secure $10.000,000 6 per cent, bonds, of
which $5.000,000 were issued to the Lehigh Valley RR. Co., none of which were ever disposed of. In March, 1880,
12
178 POOR'S MANUAL OP RAILROADS.
that mortgage was cancelled and a new issue of $6,000,000 7 per cent. 40-year bonds made and delivered to the
I,i'hii;h Valley RR. Co.— $5,000,000 in exchange for the 6 per cents held by it, and $1,000,000 in repayment of ad-
represented by $5,250,C>00 stock, $5,250,000 5 per cem. DC ms, ana $HU,ss2.oe advances oy benign Vallev KK. Co.
Of the new bonds there are outstanding $3,500,000, interest upon which is guaranteed by the Lehigh Valley RR.
Co. Officers same as Lehigh Valley RR. Co.
Board of Directors Lehigh Valley HE. Co., elected January 18, 1887.
Charles Hartshorne.Philadelphia,Pa.
Geo. B. Markle... Philadelphia, Pa.
Joseph Patterson. .Philadelphia, Pa.
John B. Garrett .. .Philadelphia, Pa.
John R. Fell Philadelphia, Pa.
Wm.L.Conyngham.Wilkesbarre, Pa.
Ario Pardee Hazleton, Pa.
James I. Blakslee.MauchChunk,Pa.
Wm. A. Ingham... Philadelphia, Pa.
Robert H. Sayre Bethlehem, Pa.
Robert A. Lamberton .Bethlehem, Pa.
Charles O. Skeer.Mauch Chunk, Pa.
E. P. WILBUR, President Bethlehem, Pa.
Ttcr-Pretident— Charles Hartshorne.. .Philadelphia, Pa.
2d Vice-Pref.— Robert H. Sayre Bethlehem, Pa.
Secretary-Jolm R. Fanshawe Philadelphia, Pa
Treasurer— W. C. Alderson Philadelphia, Pa.
Gen. Svpt.—H. S. Goodwin Bethlehem, Pa.
Auditor— Isaac McQuilkin Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS No. 228 South Third Street, Philadelphia, Pa.
LIGONIER' VALLEY RAILROAD COMPANY.
Line of Road.— Latrobe, Pa., to Ligonier, Pa 10.5 miles.
Sidings, 1.70 miles. Gauge, 4 ft. 9 in. Rail (steel, 12.2 miles), 56 Iba.
History. — Chartered, April 15, 1853; supplementary charter, May 2, 1871. Change of
name to present and road opened November 17, 1877. In December, 1882, the gauge was
changed from 3 ft. to its present width.
Rolling Stock, December 3t, 1886. — Locomotive engines, 2. Cars — baggage, mail and
express, 4 ; platform, 7 — total, 11.
Operations for year ending December 31, 1886. — Train mileage (mixed), 26,000 miles.
Passengers carried, 79,235; carried one mile, 516,164; average mile rate, 2.97 cents. Tons
freight moved, 49,727 ; moved one mile, 330,750 ; average ton-mile rate, 3.83 cents.
Earnings.— Passenger $15,343 92
Freight 12,658 74
Mall 463 43
Miscellaneous. . 49 95
Total ($2,715.81 per mile) $28,516 04
Expenses.— Transportation $3,551 85
Motive Power and Cars 3,063 46
Maintenance Way and Buildings. 3,664 96
General 2,791 77
Total ($1,244.96 per mile) $13,072 04
Net earnings (54.16 per cent.), $15,444. Payments: Interest on bonds, $2,60907; in-
terest on debt, $1,633.27— total, $4,242.34. Surplus, $11,201.66.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $100,000 ; funded
debt, 6 per cent. 1st mortgage dated March 1, 1879, principal and interest payable out of net
earnings (originally $62,747), $43,484.62 ; current accounts, $15,614.32 ; profit and loss, $68,-
975.19 — total, $228,074.13, representing cost of road and equipment.
Annual meeting, second Monday in January ; books close sixty days prior thereto. Vot-
ing power attaches stock on sixty days' ownership. George Senft, registrar of stock.
Directors (elected January 10, 1887).— R. M. Graham, H. S. Denny, N. M. Marker, W.
D. McGowan, W. H. Covode, Ligonier, Pa.; Jas. R. Mellon, Pittsburgh, Pa.; S. H. Baker,
Latrobe, Pa.
THOMAS MELLON, President Latrobe, Pa.
Secretary and Treasurer— A. W. Mellon. Pittsburgh, Pa. | General Manager— T. A. Mellon Pittsburgh, Pa.
PRINCIPAL AND TRANSFER OFFICES Ligonier, Pa.
LITTLE SAWMILL RUN RAILROAD COMPANY.
Line of Road. — Pittsburgh, Pa., to Eanksville, Pa • 3 miles.
2d track, 1.50 ; sidings, 1.50. Gauge, 4 ft. 8£ in. Rail (steel, 4 miles), 52, 53 and 56 Ibs.
History.— Chartered July 23, 1850; road opened in April, 1853.
Rolling Stock.— Locomotive engines, 4. Cars— passenger, 1 ; freight (coal), 297; and 3
other— -total, 301.
POOR'S MANUAL OF EAILBOADS. 179
Operations for year ending December 31, 1880. — Train mileage— passenger, 7,724; coal,
13,410— total, 21,134 miles. Tons freight moved, 175,664. Earnings— freight, $80,030.99;
passenger, $1,341.54 ; other, $5,333.43— total, $36,705.95. Operating expenses, $27,348.21.
Net earnings, $3,119.25.
Financial Statement, December 31, 1886.— Capital stock (par, $RO), $144,375 ; funded
debt, 1st mortgage 6 per cent. 20-year $500 and $1,000 coupon bonds, due 1902, $179,000 ;
profit and loss, $83,103.61 -total, $406,978.61. Contra: Construction, $129,751.29; equip-
ment, $159,637.14 ; real estate and improvements, $61,891.32 ; stocks and bonds, $50,000 ;
current accounts, $5,626.84; cash on hand, $72.02— total, $406,978.61.
Interest on bonds payable March and September, at Pittsburgh, Pa. Annual meeting,
fourth Saturday in May. Books close for dividends fifteen days prior to payment cf same.
Henry Hice, trustee of bonds; Charles Fetterman, registrar of stock.
Directors (elected May 22, 1886). — Jacob Henrici, Cusper flenning, Economy, Pa. ; Jehu
Haworth, Pittsburgh, Pa.; Henry Hice, Beaver, Pa.; George S. Carnahan, John R. Neeld,
Banksville, Pa. ; Edwin H. Stowe, Allegheny City, Pa.
JEHU HAWORTH, President Pittsburgh, Pa.
Secretary— Charles S. Fetterman Pittsburgh, Pa. I Treasurer— Jacob Henrici Economy, Pa.
General Manager— Thomas Hartley Banksville, Pa.
PRINCIPAL, OFFICE AND ADDRESS Pittsburgh, Pa.
LONG ISLAND RAILROAD COMPANY.
Main Line of Road. — Long Island City, N. J., to Greenport, N. Y 94 78 miles.
Branches and leased lines 261.81 miles.
Total length of lines owned and leased, September 30, 1886 356.59 miles.
2d track, (owned, 10.39; leased, 43.85) 54.24 miles; sidings (owned, 30.64; leased, 30.24),
60.88 miles. Gauge, 4 ft. 8| in. Rail— iron (12.86 miles), 50 to 56 Ibs.; steel (382.79 mi'es),
56 to 62| Ibs. per yard.
History. — Chartered April 24, 1834 ; main line opened from Jamaica to Greenport, July
19, 1844. From Jamaica the Brooklyn and Jamaica RR. (built in 1836 and leased on its com-
pletion) continued the line to the South Ferry in Brooklyn. The Hicksville and Coldspriug
Branch RR. was leased in 1860, and subsequently merged into the L. I. RR. Co. In 1861,
having completed its new branch line from Jamaica to Hunter's Point, the Brooklyn and
Jamaica line was abandoned. In the succeeding years the company built branches from
Mineola to Locust Valley, Mineola to Hempstead, Hicksville to Northport, and Manor to
Sag Harbor. In 1872 the Newtown and Flushing RR. was leased. On the 1st of May, 1876,
the company leased the Flushing, North Shore and Central RR. and the Southern RR. of
Long Island, and on the reorganization of these companies secured new leases. In 1877,
under agreement with the Atlantic Avenue (horse) Railroad Company, the Brooklyn and Ja-
maica line was rebuilt in the city of Brooklyn as far as Flatbu^h Avenue, and is leased to
the Long Island RR. Co. In August, 1881, the Central Extension RR., a portion of the old
consolidated Flushing, North Shore and Central RR., was pui chased at foreclosure sale by
the Long Island RR. Co., and in 1882 the North Shore RR., another portion of the game con-
solidation, was acquired in the interest of the L. I, RR. Co. The latter line has since been
sold to the Long Island City and Flushing RR. Co. In 1882 ownership of the New York and
Long Beach and the New York and Flushing Railroads was acquired through purchase of
the capital stocks and bonds of the companies, and control of the New York and Manhattan
Beach Ry. and its leased lines was acquired through lease of the former. In 1883 a new line
was built in the interest of this company, under the charter of the Long Island City and
Manhattan Beach RR. Co., connecting the Long Island RR. main line with the New York
and Manhattan Beach road. The Cedarhurst Branch was built in 1885 and opened in May of
that year. The Whitestoue Extension was built in 1886. (See also MANUALS for 1883 and
1884.)
180
POOR'S MANUAL — LONG ISLAND ER. CO.
Rolling Stock, September 80, 1886.— Owned: Locomotive engines, 59. Cars— passen-
ger, 126 ; baggage, mail and express, 10 : freight (box, 316 ; flat, 10 ; gondola, 345), 671 ;
caboose, 17 ; other, 24 — total, 848. Leased : Locomotive engines, 38. Cars — passenger,
145 ; baggage, mail and express, 5 ; freight (box, 23 ; gondola, 66), 89 ; other, 27 — total,
266. Car trusts : Locomotive engines, 13. Cars — passenger, 29 ; baggage, mail and ex-
press, 4 — total, 33. The company also owns 1 steam lighter and 4 floats.
Operations for year ending September 30, 1886 (341.42 miles).— Train mileage— pas-
senger, 2,053,573; freight, 311,792 ; other, 31,522— total, 2,395,887 miles. Passengers car-
ried, 10,458,896 ; carried one mile, 110,437,195 ; average mile rate, 1.70 cents. Tons freight
moved, 499,292 ; moved one mile, 21,642,303 ; average ton-mile rate, 3.69 cents.
Expenses.— Transportation $1,087,856 19
Motive Power 84,20465
Maintenance of Cars 126,973 66 ,
Maintenance Way and Bldgs. . 284,366 01
General 205,01502
Enrnings.-Pafsenger $1,878,447 07
Freight 798,817 34
Mail 26,059 40
Express 267,093 60
Miscellaneous 24,35491
Total ($8,771.52 per mile) $2,994,772 32 Total ($5,238.17 per mile) $1,788,415 53
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of RR. Operated
Passenger Train Miles
Freight Train Miles
325.62
1,414,752
267,722
320.01
1,590,881
292,027
227.80
1,042,205
245,291
178,223
347.75
1,224.506
327,325
348.21
2,007,016
514,839
348.21
1,713,560
314,661
340.64
1,995,756
303,252
28,222
341.42
2,052,573
311,792
31,522
Other Train Miles
Total Train Miles
1,682,474
5,043,848
65,570,024
280,071
8,306,059
8
1,032,689
463,978
121,283
1,882,908
6,228,292
1,465,719
6,512,270
64,714,438
339,252
12,280,205
$
1,237,837
567,055
141,776
1,551,831
8,878,453
83,867.296
386,260
14,558,981
$
1,608,771
634,698
173,588
2,521,855
9,024.370
91,166.204
416,153
16,249,111
$
1,695,177
718,743
271,170
2,028,221
9,326,747
100,602.438
448,968
19,777,768
8
1,759,597
720,630
276,005
2,327,230
10,057,713
106,562,405
454,560
20,230,510
$
1,807.282
727,913
291,284
2,395,887
10,458,896
110,437,195
499,292
21,642,303
1,878,447
798.817
317;508
Passen"ers Carried
Passengers Carried One Mile
Tons of Freight Moved
Tons Moved One Mile
Passenger Earnings
320,837
'"$""
1,162,404
531,307
118,178
Freight Earnings'.
Miscellaneous
Gross Traffic Earnings
Expenses and Taxes
1,617,950
1,279,591
1,811,849
1,365,856
1,946,668
1,756,372
2,417,057
1,576,775
2,686,090
1,683,814
2,756,232
1,859,505
2,826,479
1,856,351
2,994,772
1,872,326
Net Traffic Earnings
338,359
445,993
190,296
840,282
1,001,276
896,727
970,128
136,924
1,122,446
119,097
Miscellaneous Receipts
Available Revenue
338,359
193,305
205,174
445,993
165,399
228,121
190,296
92,500
292,841
840,282
192,747
200,757
1,001,276
282,462
209,060
(4) 400,000
896,727
287,698
190,877
(4) 400,000
1,107,052
297,560
344,846
(4) 400,000
1,241.543
304;063
8.V.2.276
(4) 400,000
Lease Rentals
Interest and Sinking Fund.
Dividends
Other Payments
277,809
75,180
20,470
Total.
676,288
*337,928
4,96890
8,92968
1.03922
79. 19 p. c.
1.575 c.
5.586 c.
$
3,260,600
2,479,712
725,386
468,700
*22,707
5.605 03
4,268 30
1,39373
75. 38 p. c.
""$'"
3.260,600
2,713,623
1,123.973J
405,811
*215.515
5,938 58
5,358 06
58052
90. 23 p. c.
1.913 C.
4.618 c.
$
9,960,700
2,691,203
441,975
1,210,000
393.504
446,778
6,99077
4,56045
2,430 32
65. 23 p. C.
1.918 C.
4.359 c.
$
10,000,000
4,196.926
254.015
1,250,000
446,778
891,527
109,749
7,711 12
4.^,'-. 63
2,875 49
62.71 p. c.
1.860 c.
4.420 c.
$
10,000,000
5.394.020
256,400
878.575
18,152
7,915 04
5,34018
2,574 86
67. 47 p. C.
1.750 c.
3.640 c.
8
10,000,000
5,712,081
177,940
1,042.406
64,646
8,29755
5,44960
2,847 95
65. 68 p. c.
1.700 c.
3.600 c. ,
s
10,000,000
5,513.206
221,941
1,056,839
185.204
8.771 52
5,483 94
3,287 58
59. 7 2 p. c.
1.700C.
3.690 c.
$
10,000,000
5.493,206
342,735
Balance
Gross Earnings per Mile
Expenses and Taxes p. Mile
Net Earnings per Mile
Expenses to Earnings
Earnings per Pass, per Mile
Earnings per Ton per Mile.
Capital Stock
Funded Debt
Current Accounts i
Other Liabilities )
Profit and Loss
556,527
574,679
639,325
824,530
Total Liabilities ....
6,465,698
6,271,300
7,098,166
6,629,318
14,303,878
11,086,245
16,120,719
12,757,847
1,173,187
16,207,037
13,741,771
1,065,183
67,139
1,180,317
152,627
16,464,700
13,875,536
1,065,183
55,102
16,374 472
14,087,959
1,121,683
59,115
16,660,471
14,250,179
1,121,6S3
39,485
Road, Equipment & Real E.
Stocks and Bonds
Other Property and Assets.
Cash Assets
6,227
1,858,454
1,352,952
49,631
1,288,891
851,163
1,468,879
1,105,715
1,249,124
Total Assets
6,271,800
6,629,318
14,303,878
16,120,719
16,207,037
16,464,700
16,374,472
16,660,471
* Deficit.
Net earnings (40.28 per cent.), $1,206,356.79. Add interest and dividends, $111,841.01 ;
rents, $7,255.96— total available revenue, $1,325,453.76. Payments: Interest on funded
POOK'S MANUAL — LONG ISLAND BB. CO.
181
debt, $312,335.40; on floating debt, $39,940.23; rentals of leased line?, $304,063.51; taxes,
$83,910; dividends (4 p. c.), $400,000— total, $1,140,249.14. Surplus, $185,204.62; surplus
from last year, $639,325.03— total, $824,529.65.
Rentals paid leased lines as follows : Stewart's line, $10,000 ; Long Island City and
Flushing, $119,995.50; New York and Flushing, $9,000; Atlantic Avenue,$42,163. 79 ; New
York, Brooklyn and Manhattan Beach, $95,980 ; New York and Rockaway, $18,147.50 ; New
York and Long Beach, $5,250 ; Newtown and Flushing, $17.50 ; Central Extension, $3,082.20 ;
Cedarhurst, $427.02— total, $304,063.51.
Dividends were paid quarterly (1 per cent, each) on November 1, 1885, February 1, May
1, and August 1, 1886. Since the close of the fiscal year additional dividends have been paid
as follows ; November 1, 1886, February 1 and May 1, 1887, each. 1 per cent.
The details of the funded debt are as follows :
Description of Bonds.
Date.
Interest.
Payable.
Outstanding.
Consol. Mort., L. I. RE
July 1 1881
July 1 1931
$3 430 000 00
2st Mort., Exten. (Jamaica & Hunter's Point)
1st Mortgage, Main Line
Mar. 15, 1860
May 1 1868
7 p. c. May & Nov.
May l' 1890
May 1 1898
175,000 00
1 121 500 00
3d Mortgage. Main Line
July 5 1878
7 p c Fel> & Aug
Aug ]' 1918
268 705 93
Real Estate Mortgages
238 000 00
Time Loans ....
Equipment Certificates
Va -i
60 (MX) 00
Guaranteed :
Newtown and Flushing. 1st Mort<ra<*e t.
May 1, 1871
7 p c May & Nov
May 1 1891
150 000 00
Smithtown and Port Jefferson, 1st Mortgage!
New York and Rockaway, 1st Mortgage *. . .
Brooklyn and Montauk, 1st Mortgage f
Sept. 1, 1871
April 1, 1871
Mar. 1, 1881
7 p. c. Mar. & Sept.
7 p. c. April & Oct.
6 p c Mar & Sept
Sept. 1, 1901
April 1, 1901
Mar 1 1911
600,000 00
250.000 00
250 000 00
* Interest only guaranteed. t Principal and interest guaranteed.
Statement of owned and leased lines, etc., September 30, 1886:
Name of Road.
From
To
Main
Line.
2d.
Track.
Sid-
ings.
Total
Track.
Steel
Rails.
Long Island RR — Main Line
Long Island City...
Hinsdale
Greenport
M.
94.784
2.016
M.
6.631
M.
22.020
.]/.
123.435
2.779
M.
101.415
« f Creedmoor Branch
Creedmoor
S Locust Valley Branch
Mineola
Locust Valley
10.461
1.801
.179
1.358
2.614
12.262
1.429
16.430
37.816
10.461
2 -1 Hempstead Branch
Mineola
Hempstead Cross'g.
Old Northport
Sag Harbor
1.250
15.072
35.202
s Northport Branch
Hicksville
13.541
35.202
P3 [ Sag Harbor Branch
Manor
Main Line and Branches.
158.785
1.686
6.631
28.736
.284
.075
.928
194.151
1.970
8 231
8.050
5.456
1.398
160.619
Cedarhurst Branch
Woodsburgh
Cedarhurst
Central Extension RR
Bethpase Junction .
Pearsall's
Babylon
Long Beach
8.156
6.094
2.728
0.781
'"i'.oas
2.728
6.856
7.122
5.456
0.781
New York and Long Beach RR
New York and Flupning RR
Whitestone Extension
Hunter's Point
Whitesioue Depot. .
South SidejJunc
Whitestone Land'g.
.617
Lines Owned
19.445
178.280
9.678
8.912
14.530
1 ftnfi
3.756
10.387
9.678
4.154
1.904
30.639
3.958
.142
.560
.654
1.535
25.105
219.256
23.314
13.208
15.090
2.460
20.550
3.967
20.215
180.834
19.356
7.154
14.530
1.806
19.015
Total Length of RR. Owned
Brooklyn and Jamaica RR . . .
Flatbush Avenue. . .
Rockaway Junction
j Hinsdale
) Garden City
Northport Junction.
Winfleld
Bushwick
N.Y.&Flush'g Jun.
Valley Stream
Long Island City. . .
Woodside
Jamaica
t New York and Rockaway RR
Far Rockaway
Bethpage
Stewart Line
Smithtown and Port Jefferson RR
* Newtown and Flushing RR
Brooklyn and Montank RR
Hunter's Point and Southside.RR
Far Rockaway Branch
Port Jefferson
19.015
Flushing
3.967
Eastport Junction . .
Fresh Pond
Neptune House
67.078
1.515
5.410
8.484
1.515
10.852
86.414
3.030
12.817
20.734
3.903
75.562
3.030
5.034
17.451
3.407
3.283
Long Island City and Flushing RR
* Woodside and Flushing Branch
Great Neck
Bridge St., Flush'g.
Whitestone
14.050
3.993
4.000
3.401
Whitestone Branch
Whitestone June. . .
1.302
2.087
1.525
.934
5.302
26.861
9.983
4.725
4.000
24.774
6.458
3.791
N. Y., B'klyn & Manhattan Beach Ry..
Bay Ridge Division ...
Fresh Pond June. . .
Bay Ridge
Manhattan Beach..
Manhat'n Bch. June
Cooper Av. June . . .
12.387
4.229
3.791
-12.387
4.229
Greenpomt Division
Greenpomt
Total Length of RR Leased •
178.361
43.848
30.239
252.448
201.961
Aggregate of all Lines
356.591
54.235
60.878
471.704
382.795
* The operation of these lines has been suspended,
ength of all lines operated to 341.42 miles.
t Of this line but 4 miles are operated, reducing the total
182 POOR'S MANUAL OP RAILROADS.
The first and second mortages are limited to $1,500,000 each. The second mortgage
bonds were issued for floating debt, and have been all retired except $268,705.93. as above.
The consolidated mortgage bonds are for $1,000 each, and the total issue authorized under the
mortgage is $5,000,000. Of this amount $1,570,000 are reserved to retire prior Ikn issues at
their maturity. The bonds are to bearer, but may be registered at the company's office. In-
terest and dividends are paid by Corbin Banking Company, New York City, and Robert Benson
&Co., 4 Bishopgate Street, London, E. C. Annual meeting, second Tuesday in April Books
close for annual meeting 30 days prior thereto, and for dividends 15 days prior to payment of
same. Stock and consolidated mortgage bonds listed on Stock Exchanges in New York and
London. Charles Bruff, 115 Broadway, N. Y., registrar of stock.
General Balance Sheet, September 30, 1886.
Cost of Road, Equipment, etc $14,202,648 94
Stocks and Bonds 1,121,632 79
Materials and Fuel (§89,484.48), and Cash. 163,039 59
Express Equipment 47,530 01
Current Accounts 1,125,569 20
Total Assets $16,660,470 53
Capital Stock (par, per share, $50) $10,000,000 00
Funded Debt 5,493.205 93
Current Accounts 342,734 95
Profit and Loss 621,529 65
Total Liabilities $16,660,470 53
RAILROADS LEASED cm OWNED BY THE LONG ISLAND RR. Co.
BROOKLYN AND JAMAICA RAILROAD.— Brooklyn (Flatbush Avenue) to Jamaica, L. I., 9.678
miles. It is leaded of the Atlantic Avenue (horse) RR. Co., which see. Rental in 1885-6, $42,163.79.
BROOKLYN AND MONTAUK RAILROAD.— Bushwick, N. Y., to Eastport, N. Y., 67.08 miles.
Far Rockaway Branch from Valley Stream to Neptune House, 9.41 ; Hunter's Point Branch from Junction, N. Y.,
and Flushing RR. to Fresh Pond, 1.52— total length, 78.01 miles. The Brooklyn and Montank RR. Co. is a reor-
ganization (November 20, 1879) of the South Side RR. Co. of Long Inland. (See MANUAL for 1884. page 142. ) The
road was leased to the L. I. RR. Co. for fOyears from October 1, 1879, at 25 percent, of the net earnings of the sys-
tem of roads operated or leased by the L. I. RR. Co., such rental to be the surplus over operating expellees, taxes,
rental* and improvements necessary to the operation of the road. The net earnings for the year ending September
30, 1886, as reported by lessee on this basis, was $820,737.15, of which the Brooklyn and Moutauk Company's pro-
portion would be $205,184.29, but against this sum was charged $40,461.31, being 25 per cent, of the total amount
($161,845.23) expended by the Long Island RR. Co. in permanent improvements during the year, leaving the n>'t
rental payable to the Montauk Company, $164.722.98. Charges against income : Lease rentals. $9,067.50 ; interest
on bonds. $56,297.50 ; other interest, $3,025 ; sundry charges, $5.876.93— total, $74,266.93. Balance, surplus of net
income, $90,453.05— or total surplus, $130,917.36, of which $40,461.31 is represented by permanent improvements
as above. Capital stock (common, $900,000 ; preferred, $1,100.000), $2,000.000 ; funded debt, $1,000.000 : real estate
mortgages, $43,500; permanent improvements, $484,656.33— total, representing cost of road, etc., to present
company, $3,528,150.33. Funded debt consists of $750.000 South Side RR. 1st mortgage (on main line South
Side RR.) 7 per cent. 20-year bonds, due 1887, and $250,000 Brooklyn and Montauk RR. 1st mortgage (on Exten-
sion Patchonge to Eastport, and also on main line Brooklyn and Montank RR., subject to prior liens) 6 percent.
30-year bonds, due March 1, 1911, interest payable March 1 and September 1 by Corbin Banking Company, 115
Broadway, New York. The mortgage securing the latter issue of bonds was created March 1, 1881, to secure an
issue of 30-year bonds to the amount of $1.000,000. The amount outstanding was issued to provide the means
for the Montauk Extension. On this amount the Long Island RR. Co. guarantees principal and interest. The
$750,000 South Side bonds matured Marc I • 1, 1887, and were retired by the issue of an equal amount of Brooklyn
and Montank 1st mortgage 5 per cent, bonds, held in reserve for that purpose. Annual meeting first Wednesday
in November DANIEL LORD, President '• Alexander H. Stevens, Treasurer; Franklin B. Lord, Secretary. New
York City. Office, 120 Broadway, New York Citv ; transfer office, Gallatin National Bank. New York City.
GLENDALE AND EAST RIVER- RAILROAD. -Greenpoint. N. Y., to Flushing Avenue, Brook-
lyn, 2.70 miles : total track (steel), 5.40 miles. This road was constructed and is leased by the N. Y. & M. B. Ry.
Co. : rental of $1.00 per annum. Capital stock paid in, $7.460; unfunded debt, $176,686.89— total, $184,066.80.
Contra: Construction, $176.626.39; discount, $7,460. AUSTIN CORBIN. President ; G. S. Moultou, Secretary and
Treasurer, 1 15 Broadway, New York City.
LONG- ISLAND CITY AND FLUSHING RAILROAD. -Long Island City. N. Y., to Great
Neck. N. Y., 14.05 miles. Branches : Woodside to Bridge Street, Flushing, 3.99 miles : Whites-tone Junction to
Whitesipne. 4.00 miles— total, 22.04 miles. Chartered March 11, 1881. A reorganization of the Flushing and
North Side RR. Co.. vyhich was organized April 3, 1868 ; purchased a section of the New York and Flushing HR.
from Winfield to Main Street, Flushing, May 1, 1869 : completed and op ned the line from Long Island City to
Main Street. Flushing, 7 85 miles, in August. 1H69, and consolidated in the F., N. S. & C. RR. Co. in August. 1874.
(See MANUALS for 1883, paire 145, and for 1884. page 14i). During the year 1884 the company purchased that por-
tion of the Old North Shore RR. extending from Main Street, Flushing, to Great Neck, L. I., 6.20 miles, paying
therefor $118,321. The company owns 7 locomotive engines ; 16 passenger, 4 box, I service, and 6 gondola ears.
This line is leaded and operated by the Lon<r Island RR. Co. at an annual rental of 40 per cent, of its gross earn-
ings. Rental (year ending September 30. 1886), $119.99550, less debit charge of $17,500. Payments: Interest
(including on $25,000 1st mortgage bonds N. Y. & F. RR., $1,500), $43,740 ; taxes, $131.25 ; interest and discount,
$1,800: sundries, $16.90— total, $45,688. 15. Surplus, $56,807.85.
Financial sinifnmnt, September 30. 1886.— Capital stock, $500,000 : funded debt Hstjnortgage 6 per cent. 30-
year bonds, dated- May 1, 1881, interest payable May and November. $600,000: 2d mortgage income 6 per cent.
r, ) \ ear bonds, dated May 1, 1881. f.312.000 ; New York and Flushing 1st mortgage 6 per cent. 40-year bonds, due
Mareli 1. 1920, interest payable March and September, $25,000), $937,000 ; profit and loss. $236,080.15— total, $1,-
<i74,(»80. ir>. Contra: Cost of road and equipment, $1,595,621.04: open accounts, $77,459.11. ALFRED SULLY,
JYesiUent ; Henry Graves, Treasurer ; E. E. Sprague, tiecrefary. New York, N. Y.
NEWTOWN AND FLUSHING RAILROAD.— Winfield to Flushing, 3.97 miles. Organized
March 8. 1S7I. and road opened in May, 1874. Capital stock (authorized, $250,000) 'paid in, $8.540, and funded
debt, 1st mortgage 7 per cent. 20-year bonds, due May 1, 1891, $150,000. Bonds guaranteed by lessees. Cost of
road <$2!>.H58.M per mjle), $118,540. This road is not now operated.
NEW YORK AND FLUSHING RAILROAD. -Hunter's Point to Southside Junction, N. Y.,
2.73 miles. Chartered in 1852 as the Flushing RR. Co. Road opened from Hunter's Point to Flushing, N. Y.,
POOR'S MANUAL OF RAILROADS. 183
7.80 miles, in ia54. Sold under foreclosure in 1859, and reorganized as the New York and Flushing RR. Co.
(See MANUAL for 1884, page 143). This road is owned by the Long Island RR. Co., although its corporate, exist-
ence is still maintained. For the year endinsr September 30, 1884, the rental paid was §12,000, being 10 per cent,
on $12 ,000 stock. The interest on $125,000 bonds is paid as follows : Ou $100,000 by the B. & M. RR. Co., and
on $25,000 by the L. I. C. & F. RR. Co., under tt-rms of the lease.
NEW YORK AND LONG BEACH RAILROAD.— Pearsall's to Long Beach, L. I., 6.09 mile*.
Chartered February 8, 1880. Operated by Long Island RR. Co. The stock and bonds are owned by that company.
Capital stock, $391,000 ; funded debt, 1st mortgage 6 per cent. 30-year bonds, due 1910, $200,000— total, $591.900.
Cost of road and equipment, $591,900. J. ROGERS MAXWELL, President ; Edward E. Sprague, Secretary, New
York.
NEW YORK, BROOKLYN AND MANHATTAN BEACH RAILWAY.-Mileage, as per
statement on page 181, 20.41 mile-. Consolidation, August 27, 1885, of the New York, Bay Ridge and Jamaica
RR. Co., the New York and Manhattan Beach Ry. Co., and the Long Island City and Manhattan Beach Ry. Co.
Leased to the Long Island RR. Co. from May 1. 1882, at a guaranteed rental of $95,980, equal to 5 per cent, on pre-
ferred stock (payable _ April and October), and $65,040 for oond interest. This company owns 19 locomotive en-
gines, 88 open excursion cars, one combined car and one box car. Dividends are psiyable by the Treasurer of the
Long Island RR. Co-., and interest by the Corbin Banking Co., 115 Broadway, New York. Gross incc me, year
ending September 30, 1886, $98,250. Payments: Interest on bonds, $49,140; taxes, $731.25; general expenses,
$4,508.32 : dividends on preferred stock (2J per cent.), $16,250— total, $70,629.57. Balance, deficit for year, $3,879.-
57. General Balance Sheet, September 30, 1886.— Capital stock (common, $350.000; preferred, $650,000), $1,000,-
000 ; funded debt, $1.300,000 ; dividends unpaid, $72(5.50 ; open accounts, $12,482.78— total liabilities, $2,313,209.-
28. Contra : Cost of road. $1,478,884.65; of equipment. $316,430.64; stocks of other companies owned, $500,000 ;
cash, $726.50; open accounts, $13,287.92 ; profit, and loss, $3,879.57— total assets, $2,318,209.28. The funded debt
consists of $500,000 New York and Manhattan Beach Ry. 7 per cent, first mortgage $500 and $1,000 20-year bonds,
due January 1 , 1897 ; $2,000 New York and Manhattan Beach Ry. 2d mortgage 7 per cent. 10-year bonds, due Janu-
ary 1, 1888, and $798,000 New York, Bay Ridge and Jamaica RR. first consolidated mortgage 7 per cent. 20-year
bonds, due January 1, 1897. Interest on firsts and seconds payable January and July; on consols, April and Octo-
ber, at office of Corbin Banking Co., 115 Broadway, New York. WM. G. WHEELER, President and Treasurer;
Frederick W. Dunton, Vice- President ; Charles Bruff, Secretary, 115 Broadway, New York, N. Y.
NEW YORK AND ROCKAWAY RAILROAD.— Rockaway Junction to Far Rockaway, 8.91
miles. Capital stock, $100,000, and funded debt, 1st mortgage 7 per cent. 30-year bonds (interest guaranteed by
lessees), $250,000— total ($39,281.71 per mile), $350,000.
SMITHTOWN AND PORT JEFFERSON RAILROAD.— Northport to Port Jefferson, 19.02 ;
total track, 20.55 miles. Organized June 9, 1870, and road opened October 11, 1873. Capital stock (par, $25),
$200,000, and funded debt. 1st mortgage 7 per c-nt. 30-year bonds (guaranteed by lessees), due September 1 , 1901,
$600,000. Costof road ($23,822. 16 per mile). $56ij,621.06. JAMES M. BAYLKS, President, Port Jefferson. N. Y. ;
J. Lawrence Smith, Secretary, Smithtown Branch, N. Y.; J. C. Smith, Treasurer, Smithtown, N. Y. CORPORATE
OFFICE, Smithtown Branch, N. Y.
STEWART RAILROAD.— Hinsdale toBethpage, 14.53, and branch, Garden City to Hempstead, 1.81
— total, 16.34 miles. This line was built by the late A. T. Stewart, of New York City, and is now the property of
the Stewart estate. It was formerly leased to the Flushing, North Shore and Central RR. Co., but is now oper-
ated by the Long Island RR. Co. under lease at an annual rental of $10,000. On the 25th of February, 1884, the
lease was extended for a period of ten years, at a rental of $10,000 per annum. On the 9th of September, 1882,
the Stewart Estate purchased for $10,450 the Southern Hempstead Branch RR., which was sold under foreclosure.
That line extends from Valley Stream to Hempstead, 5.37 miles. It is not at present operated. L. H. Cunliffe,
Manager Stewart Estate, Garden City, L. I.
Board of Directors L. 1. RR. Co., elected April 13, 1886.
Austin Corbin Philadelphia, Pa.
J. Rogers Maxwell. .Brooklyn, L. I.
Henry Graves Orange, N. J.
Henry W. Maxwell.. Brooklyn, L. I.
J. G. K. Duer New York, N. Y.
Edward Tuck New York, N. Y.
Alfred Sully .'.New York, N. Y.
Daniel C. Corbin.. New York, N. Y.
Ferd. W. Peck Chicago, 111.
John P. Townsend.New Y9rk, N.Y.
Demas Barnes Brooklyn, N. Y.
J. D. Campbell... New York, N. Y.
William B. Kendall ...New York, N.Y.
AUSTIN CORBIN, President New York, N. Y.
J. Rogers Maxwell, Vice- President New York, N. Y.
Secretary— E. B. Hinsdale New York, N. Y.
General Supt.— 3 . D. Barton ... Long Island City, N. Y.
Treasurer— Henry Graves New York, N. Y.
Auditor— J. Carlsen Long Island City, N. Y.
GENERAL OFFICE Long Island City, N. Y.
Executive and Transfer Office 115 Broadway, N. Y.
MANHATTAN RAILWAY COMPANY.
Lines of Road. —
v . Q. , T. j South Ferry, to 129th Street and 3d Avenue, New York City. . 8.48 miles.
1 : | Chatham Sq., to 129th Street, and 3d Ave., New York City. . . 7.44 miles.
( Morris Street to 59th Street and 6th Ave., New York City 4.83 miles.
West Side Lines: •] South Ferry, to 83d Street and 9th Ave., New York City 6.28 miles.
(53d St. & 6th Ave., to 155th St. and 8th Ave., New York City. 4:51 miles.
Branches : City Hall, 0.36 ; 34th Street Ferry, 0.31 ; Grand Central Depot, 0.18. . 0.85 miles.
Total length of lines leased 32.39 miles.
2d track, 32.39 ; sidings, 19.49 miles. Gauge, 4 ft. 8* in. Rail (steel, 84.27 miles), 50-70 Ibs.
History. — This company was formed under articles filed November 24, 1875. On the 20th
of May, 1879, it leased the Metropolitan and New York Elevated Railroads for 999 years from
February 1, 1879, agreeing to pay interest on the $10,818,000 6 per cent, bonds of tbe former
company, and on $8,500,000 7 per cent, bonds of the latter ; and annual dividend rentals to
184
POOR'S MANUAL- -MANHATTAN BY. CO.
the two companies at the rate of 10 per cent, on $13,000,000— $6,500,000 each. The Manhat-
tan failing to comply with the provisions of its leases, its affairs, on the 14th of July, 1881,
were put into the hands of two receivers. On the 22d of October and 14th of November,
1881, the several companies entered into agreements modifying the terms of the leases of
1879. The New York and Metropolitan companies agreed to exchange their respective stocks
for corresponding amounts of the 6 per cent, preferred stock of the Manhattan company — the
New York stockholders to receive first preferred cumulative, and the Metropolitan second
preferred — the dividend rental to be at the rate of 6 per cent, per annum, payable quarterly.
That modification of the lease not having been ratified by the stockholders of the Metropolitan
Elevated Ry. Co., a new agreement was made, and ratified by the stockholders on August 1,
1884. By the terms of this last agreement the Manhattan Ry. Co. issues consolidated stock to
the amount of $26,000,000, to be exchanged for outstanding stocks on the following basis :
For $6,500,000 New York Elevated RR. Co. stock, $7,800,000 consolidated stock to be issued ;
$7,150,000 consolidated stock to be issued to holders of $6,500,000 Metropolitan Elevated Ry.
Co. stock ; and the balance, $11,050,000, to the holders of $13,000,000 Manhattan Ry. Co. (old)
stock. On the 1st of December, 1885, there had been issued under the terms of this agree-
ment, $23,977,875 Manhattan consolidated stock.
Rolling1 Stock (leased). — Locomotive engines, 266. Passenger cars, 770 ; service cars, 27.
Operations for year ending September 30, 1886. — Trains (passenger) run, 6,635,460 miles-
Passengers carried, 115,109,591.
Expenses.— Maintenance of Way $322,115 90
Rolling Stock 424,409 22
Transportation, Taxes, etc 3,488.076 14
Total ($227,013.95 per mile) $7,352,982 10 Total ($130,737.92 per mile) $4,234,601 26
Net earnings (42.41 per cent.), $3,118,380.84; news privileges, $9,000; advertising, $60,-
000; other receipts, $4,234.18; available revenue, $3,191,615.02. Charges against net earn-
ings: rental N. Y. E. RR., $10,000; Met. El. R., $10,000; interest on bonds N. Y. E. RR.
Co., $622,903.35; Met. E. Ry. Co., $889,080; dividends, $1,560,000— total, $3,091,983.35.
Surplus, $99,631.67.-
General Balance Sheet, September 30, 1886.
Consolidated Stock 824,365.945 00
Common Stock paid in
Preferred Stock paid in
Stock Agreement of August 1, 1884
Bonds and Mortgages
Current Accounts
Interest, and Rental Accrued
tarn ings.— Passenger $7,338,482 10
Mails 5,000 00
Miscellaneous 9,500 00
Leases of Roads and Rolling Stock $14,014,000 00
Real Estate and Buildings 975,3'>6 82
Stocks and Bonds Owned 11,528.200 00
Materials and Fuel on Hand
Due by Agents . . .
Bills Receivable. .
Current Accounts
Ca?h on Hand
Sundries
127,679 64
103 10
311 42
325,242 26
75,708 92
61,364 07
1,100 00
600 00
160,555 00
250,400 00
166,642 19
419,946 26
243,855 50
579,800 56
102,507 45
~
Unpaid Dividends
Bills Audited
N. Y. E. RR. Co., Sup. and Equip
M. E. Ry. Co., Sup. and Equip 67.988 86
Construction Acct., M. E. Ry. Co 683,344 77
Profit and Loss 48,026 56
Sundries 7,224 08
Total Assets $27,097,936 23 Total Liabilities $27,097,936
Statement showing number of passengers carried and gross receipts from opening of roads
to October 1, 1886 :
Fiscal
Year.
RR.
Operated.
Passengers.
Gross
Receipts.
Fiscal
Year.
RR.
Operated.
Passengers.
Gross
Receipts.
1872...,
Miles.
tt
187,446
$
13 744 60
1881
Miles.
32
75,585,778
S
5 31 1 075 85
1873
4
644,025}
64 602 55
1882
32
86 361 029
5 973 633 41
1874
4
796,072}
81 047 25
1883
32
92,124,943
6 386 505 53
1875
4
920.571
93 631 It?
1884
32
96 702 620
li ;-'tj 359 30
1876
5
2,012.953}
202 675 35
1S85
82
103 354 729
7 000 566 88
1877
5
3,011,862}
303 208 51
1886
32
115 109 591
7 426 216 28
1878
16
9.291 319
779 358 37
1879
23
46 045 181
3 526 825 26
1880
82
60,881,757
4,612,975 56
Total.
692,929,878
48,502,420 86
NOTE.— In The above statement the figures for 1872 are for only nine months on the New York Elevated RR.
(Greenwich Street line). In 1878 the Metropolitan road was opened and operated for four mouths of that year ;
for all succeeding years the figures are for both railroads.
POORS MANUAL OF RAILROADS.
185
Dividends payable January, April, July and October 1, at No. 71 Broadway, New York,
N. Y. Interest payable at Mercantile Trust Company, New York, N. Y. Whole number of
dividends paid to date on Manhattan Consolidated stock, 10. Stock entitled to vote after 30
days' ownership. Annual meeting, second Wednesday in Kovember. Books close 30 days
prior to annual meeting, and 12 days prior to payment of dividends. Registrar cf stock,
Mercantile Trust Company. Amount of stock listed on various exchanges, $26,000,000.
RAILROADS LEASED BY THE MANHATTAN RAILWAY COMPANY.
METROPOLITAN ELEVATED RAILWAY.— Organized June 17, 1872 ; first line (Sixth Ave.)
opened June 5, 1878. Leased from February 1, 1879, to the Manhattan Co. for <J99 years at an annual rental equal-
ing 10 per cent, on stock, interest on bonds, and $10,000 for organization expenses. In October, 1881, this lease
was modified, reducing the dividends on stock to 6 per cent. This modification was not ratified by the clock-
holders of this company, and was, therefore, abrogated by order of the courts, and a new agreement ente -ed into,
for terms of which see Manhattan Ry. Rental, 1886, $10,000 ; other receipts, $246.17— total, 810,246.17. Capital
stock, $6,500,000 ; funded debt, 1st mortgage 6 per cent. 30-year bonds dated July 10, 1878, interest January and
July, $10,818,000 ; 2d mortgage 6 per cent. 20- year bonds, dated November 1. 1879, interest May and November,
$4,000,000 ; unfunded debt, $98,105.90— total, $21,416,105.90. Cost of road and equipment, $21,318,000 ; other assets,
$74,290.89; profit and loss, $23,815.01. JAY GOULD, President; D. W. McWilliams, Secretary and Treasurer,
New York, N. Y.
NEW YORK ELEVATED RAILROAD.— Organized January 2, 1872, as successor to the West Side
(patented) Elevated RR., which was sold under foreclosure in October, 1871, and January, 1872. Fully opened in
1878. Leased to Manhattan Ry. Co. for 999 years from February 1, 1879, at an annual rental equalling 10 per cent,
on stock, interest on bonds, and $10,000 for organization expenses. Lease modified October, 1881 ; modified lease
declared illegal and a new agreement entered into August 1, 1884 (see Manhattan Co.). Rolling stock : Locomotive
engines, 133. Cars— passenger, 327 ; service, 14— total, 341. Total income, $10,000 ; expenses and taxes, $7,818.19
—net income, $2,181.81. Capital stock, $6.500,000; funded debt (1st mortgage 7 pt-r cent. 30-year bonds, dated
January 1, 1876, interest January and July, $8,500,000 ; 5 per cent. 30-year debenture bonds, dated March 1, 1886,
interest March and September, $1,000,000), $9,500,000 ; unfunded debt, $272.15 ; profit and loss, $226,721.55—
total, $16,226,993.70. Contra : Cost of road, equipment and real estate, $15,588,304 ; cash and all other assets,
$638,689.70. Interest payable at Mercantile Trust Co., New York, N. Y. JAY GOULD, President ; D. W. McWil-
liams, Secretary and Treasurer, New York, N. Y.
Board of Directors Manhattan By. Co., elected November 10, 1886.
Jay Gould New York, N. Y.
Cyrus W. Field. . . .New York, N. Y.
Russell Sage New York, N. Y.
R. M. Gallaway. . ..New York. N. Y.
S. V. White.
Sidney Dillon New York, N. Y.
Samuel Sloan New York, N. Y.
John H. Hall New York, N. Y.
Edward M. Field.. New York, N. Y.
Chester W.Chapin.New York, N. Y.
George J. Gould. . .New York, N. Y.
J. P. Morgan New York, N. Y.
Simon Wormser. . .New York, N. Y.
.New York, N. Y.
JAY GOULD, President New York City.
R. M. Gallaway, Vice-President New York City.
Secretary and Treas.—D. W. McWilliams. . .New York. | General Man. and Pur. Agent— F. K. Hain. .New York.
PRINCIPAL AND TRANSFER OFFICES 71 Broadway, New York City.
MARINE RAILWAY COMPANY.
Main Line of Road. — Manhattan Beach, N. Y., to Sheepshead Bay Inlet 2.(00 miles.
Branch : Manhattan Beach Hotel to Brighton, Beach 0.326 miles.
2d track, 0.326 ; sidings, 0.036 mile. Gauge, 4 ft. 8£ inches. Rail (steel), maximum 62|lbs.
History.— Chartered February 27, 1878 ; road opened July 19, 1878.
Rolling Stock. — Locomotive engines, 2. Passenger cars, 4.
Operations for year ending September, 30, 1886 (branch line). — Passengers carried, 623,-
691. Gross earnings, $15,592.27. Expenses — maintenance of way, motive power and carp,
$1,270.08 ; transportation and general. $10,434.51— total, $11,704.59. Net earnings, $3,-
887.68. Payments— rentals, $3,586 ; taxes on earnings and stock, $301.68— total, $3,887.68.
Financial Statement, September 30, 1886.— Capital stock, $50,000; current accounts,
$55,820.15 ; profit and IOFS, $73,036.23— total, $178,856.38. Contra : Construction, $69,-
486.18 ; equipment, $21,327.52 ; current accounts, $88,042.68— total, $178,856.38.
Directors (elected at annual meeting in December). — Austin Corbin, Philadelphia, Pa. ;
Frederick W. Dunton, Hollis P. O., N. Y.; J. Baxter Upham, Charles L. Flint, Boston,
Maps.; Gilman S. Moulton, "West Randolph, Vt.; J. R. Maxwell, H. W. Maxwell, Brooklyn,
N,Y.
AUSTIN CORBIN, President New York, N. Y.
Vice- President— J. R. Maxwell New York, N. Y. | Sec. and Treasurer— Q. S. Moulton .... New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 115 Broadway, New York, N. Y.
186 POOR'S MANUAL OF BAILBOADS.
MARYLAND CENTRAL RAILROAD COMPANY.
Line of Road.— Baltimore, Md., to Delta, Pa 45 miles.
Sidings, etc.. 2.5 miles. Gauge, 3 ft. Rail (steel), 40 Ibs. per yard.
History. — Consolidation, in 1882, of the Baltimore and Delta and the Maryland Central
RR. Cos., the former of which was opened from Baltimore to Towsontown, 7 mile?, April 17,
1882, and to Lock Raven, 12 miles, about August 15, 1882 ; and the latter chartered in 1867
to build a road through Baltimore and Harford counties in Maryland, to bridge the Susque-
lianna and to ultimately reach Philadelphia. The road was opened to Baldwin, 19 mile?,
December 25, 1882, and to Delta, January 21, 1884. On October 24, 1884, the road was placed
in the hands of a receiver on application of trustees of second mortgage bonds. No interest
has been paid since.
Rolling' Stock, December 31, 1886. — Locomotive engines, 6. Cars — passenger, 18; hag-
gage, mail and express, 3 ; freight (box, 75 ; stock, 3 ; gondolas, 50 ; caboose, 1), 129 — total
cars, 150. Also 1 combination car.
Operations for year ending December 31, 1886. — Not reported.
Earning*.— Passenger $72,183 18
Freight 49,19839
Mail and Express 5,014 93
Miscellaneous... 143 77
Total ($2,812.01 per mile) §126,540 27
Expenses.— Transportation, etc $40,214 34
Motive Power and Cars 11,987 89
Maintenance of Way 36,460 35
General 11,649 01
Total ($2,229.15 per mile) $100,311 59
Net earnings (20.73 per cent.), $26,228.68. The receipts and expenditures from January
19, 1886, to December 31, 1886, are as follows: Receipts — cash on hand January 19, 1886,
$588.18 ; earnings from traffic, etc., $131,574.35— total, $132,162.53. Expenditures— work-
ing expenses, $91,848 96 ; advance charges paid other lines, $5,340.88 ; betterments and im-
provements, $15,709.05 ; receivers' certificates, $14,809.03 ; interest on receivers' certificates,
$1,362.95 ; car trust notes, $1,138.52— total, $130,209.39. Balance, December 31, 1886,
$1,953.14.
Financial Statement, December 31, 1886. — Funded debt, 1st mortgage 6 per cent, bonds,
due in 1910, $600,000; 3d mortgage 6 per cent, bonds, due in 1893, $300,000; receivers' cer-
tificates and interest, $16,171.98; car trust, $1,138.52— total, $917,310.50.
The original Maryland Central RR. Co. was chartered in 1867, with a capital stock of
$2,000,000, and authorized to issue bonds to the amount of $1,500,000.
Directors (elected January 16, 18»5). — W. H. Waters, Joseph M. Streett, Belair, Md.;
George S. Brown, Wm. W. Spence, Joseph W.Jenkins, Sr., Michael Jenkins, Hugh B. Jones,
G. O. Wilson, Thomas Armstrong, John M. Denison, Wm. Gilmore, Henry S. Zell, Balti-
more, Md. ; A. S. Baldwin, Gywnn, Baltimore Co., Md.; Eli Tucker, Forest Hill, Md.; Foulk
Jones, Delta, Pa.
WILLIAM GILMOR, )
S. SPENCER, \ **>**** Baltimore, Md.
Sec., Treat. & Supt.—G. W. Maslin Baltimore, Md. | Auditor— C. P. Kerchner Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Cor. N. Ave. and Falls Road, Baltimore, Md.
MEADVILLE AND LINESVILLE RAILWAY COMPANY.
Line of Road. — Meadville, Pa., to Linesville, Pa 20.5 miles
Sidings, 2.5 miles. Gauge, 4 ft. 9 in. Rail (steel, 2.5 miles), 56 Ibs.
History.— Chartered as Meadville Ry. Co., August, 1880 ; road opened October 4, 1884.
Sold under foreclosure January 3, 1884, and reorganized February 1, 1884, under present
name.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 4 ; baggage, mail and ex-
press. 1 ; box, 2 ; coal, 8— total, 10. Also, 4 other cars.
Operations for year ending December 31, 1886.— Trains run— passenger, 30,750 ; freight,
12,300— total, 43,050 miles. Passengers carried one mile, 518,944. Tons freight moved,
POOR'S MANUAL OF RAILROADS. 187
41,148; moved one mile, 530,331. Earnings— passenger, $14,884.10; freight. $12,439.72;
mail, express, etc., $2,436.07 — total, $29,759.89. Operating expenses — transportation, $0,-
646.52 ; motive power and cars, $6,526.73 ; maintenanceof way, $4,758.06 ; general, $2,416.11
—total, $20,347.45. Net earnings, $8,412.44.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $200,000 : funded
debt, 1st mortgage 6 per cent, bond?, due February, 1904, interest payable February and
August, $150,000; other liabilities, $2,277.06-totai, $352,277.07. Contra: Cost of road,
$343,061.80; equipment. $18,543.75; real estate and buildings, $8,000— total. $369,605.55.
Directors. — G. W. Delarnater, T. A. Delamater, Lewis Walker, A. C. Huidekoper, W. S.
McGonnegle, D. S. Richmond, H. L. Richmond, Jr., Meadville, Pa.
G. W. DELAMATER, President Meadville, Pa.
A. C. Huidekoper, Vice-President Meadville, Pa.
Secretary— H. L. Richmond Meadville, Pa. | Treasurer— V. M. Debimater Meadville, Pa.
PRINCIPAL OFFICE AND ADDRESS. Meadville, Pa.
MECHANICVILLE AND FORT EDWARD RAILROAD COMPANY.
Line of Road.— Mechanicville, N. Y., to Fort Edward, N. Y 27.00 miles.
Completed : Mechanicville, N. Y., to Still water, N. Y 2.86 miles.
Sidings, 0.70 mile. Gauge, 4 ft. 8£ in. Rail (steel, 1 34 miles), 56 to 62 Ibs.
History. — The Schuylkill and Upper Hudson Railroad Co. (organized June 30, 1869),
and the Upper Hudson Railroad Co. (organized March 2, 1872), were consolidated under the
name of the former April 17, 1872. Sold under foreclosure June 22, 1877, and reorganized
under present title.
Financial Statement, September 30, 1886.— Capital stock, $10,000 ; open accounts, $49,-
765.22 — total, representing cost of road, etc., $59,765.22.
JAMES ROOSEVELT, President New York, N. Y.
JAMES C. HARTT, Treasurer New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS New York, N. Y.
MIDDLEBURG AND SCHOHARIE RAILROAD COMPANY.
Line of Road.— Middleburgr, N. Y., to Schoharie, N. Y 5.75 miles.
Sidings, etc., 1 mile. Gauge, 4 ft. 8£ in. Rail (steel, 1.6 miles), 45 and 56 Ibs.
History.— Chartered May 8, 1867 ; road opened October 19, 1868.
Rolling Stock. — Locomotive engine, 1; service car, 1, and half interest in 1 passenger
car.
Operations for year ending September 30, 1886. — Trains run (passenger), 12, 600 'miles.
Passengers carried, 12,093 ; carried one mile, 68,591. Tons of freight moved, 4,625 ; moved
one mile, 26,495. Earnings — passenger, $3,753.86; freight, $4,008.36 ; mail and express,
$541.60 — total, $8,303.82. Operating expenses — maintenance way, motive power and cars,
$3,827.03 ; transportation and general, $2,832.47— total, $7,019.50. Net earnings, $1,284.32.
Payments : Interest, $1,080 ; taxee, $421.08— total, $1,501.08. Deficit, $216.76 ; surplus from
last year, $189.70— deficit to date, $27.06.
Financial Statement, September 30, 1886.— Capital stock, $85,000 : funded debt, 1st
mortgage 6 per cent, bonds, due 1871 to 1881, $18,000 ; interest, $1,080-; due for wages, etc.
$895.07 : current accounts, $462.92— total, $105,437.99. P<r contra : Construction, equip-
ment, etc., $102,694.96 ; materials and fuel, $250; cash, $2,465.97 ; profit and loss, $27.06—
total, $105,437.99.
Directors (elected 4th Monday [22d] in March, 1886).— Grandeson N. Frisbee, Jacob Ne-
ville, Peter S. Danforth, Duryea Beekmau, William H. Engle, G. L. Danforth, William H.
188 POOR'S MANUAL OF RAILROADS.
Albro, A. J. Freemyer, Harmon A. Vroman, George W. Dodge, William E. Thome, N. Man-
ning, Middleburg, N. Y.; H. W. Mattice, Fultonham, N. Y.
GKANDESON N. FBISBIE, President. Middleburg, N. Y.
Treat, and Svpt.— Peter S. Danforth. Middleburg, N. Y. | Secretary— Duryea Beekman Middlebnrg, N. Y.
PRINCIPAL OFFICE AND ADDRESS Middleburg, N. Y.
MONONGAHELA INCLINED PLANE COMPANY.
Length of Plane.— In the City of Pittsburgh, Pa., passenger, 0.12; vehicle, 0.12 — 0.24 mile.
Incline, 35 degrees. Gauge of passenger plane, 5 feet ; of vehicle plane, 12 feet. Rail (steel),
passenger, 42 Ibs. ; vehicle, 56 Ibs.
History. — Chartered April 12, 1867 ; commenced operations May 28, 1870.
Equipment. — Stationary engines, 2. Passenger cars, 2 ; freight cars, 2.
Operations for year ending December 31, 1886.— Passengers carried, 834,031. Earnings,
$33,915.30. Operating expenses, $12,947.10. Net earnings, $20,968.20. Payments : Inter-
est on bonds, $5,235.43 ; other debt, $1,776.59— total, $7,012.02. Balance, surplus, $13,956.18.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $140,000 : funded
debt, 1st mortgage 5 per cent. $500 coupon bonds, in two series of $50,000 each, the first of
which is due October 1, 1892, and the second, October 2, 1897, interest April and October,
$100,000 ; profit and loss, $22,610.24— total, $262,610.24. Contra : Cost of plane, etc., $223,-
416.77; real estate, $26,583.23 ; cash, $12,610.24— total, $262,610.24. N
Dividends payable January and July, at Pittsburgh, Pa. Voting power attaches to
stock on tbirty days' ownership. Annual meeting, second Monday in January ; books close
thirty days prior thereto ; William M. Lyon, Pittsburgh, Pa., trustee of bonds.
Directors (elected January 10, 1887). — William M. Lyon, James M. Bailey, Lewis W.
Dalzell, John S. McMillin, Wm. Halpin, Geo. W. Beltzhoover, John L. Awl, Pittsburgh, Pa.
SAMTJEL HARPER, President Pittsburgh, Pa.
Superintendent, Secretary and Treasurer— John L. Awl Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS '. Carson Street, Pittsburgh, Pa.
MONT ALTO RAILROAD COMPANY.
Line of Road. — Waynesboro', Pa., to Junction, C. V. RR 17.88 miles.
Sidings, etc., 2 miles. Gauge, 4 ft. 9 in. Rail (steel, 5.55 miles), 50 and 56 Ibs.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 3.
Operations for year ending December 31, 1886. — Train mileage — passenger, 24,200;
freight, 8,110— total, 32,310. Passengers carried, 50,463 ; carried one mile, 580,324. Earn-
ings— passenger, $8,721.10; freight, $9,509.35; mail and express, $1,855.82; other, $37.20
—total, $20,123.47. Operating expenses, $16,856.41. Surplus, $3,267.06.
Financial Statement, December 31, 1886.— Capital stock (par, $25), $110,000 ; funded
debt, 1st mortgage 7 per cent, bonds, due December 1, 1896, interest June and December,
$125,000 — total, $235,000, representing cost of road.
Interest on above bonds has not been paid since December, 1877.
Directors.— W. J. Dwight, E. P. Dwight, Philadelphia, Pa.; T. B. Kennedy, John Stew-
art ; J. F. Boyd, Chauncy Ives, Chambersburg, Pa.; G. B. Wiestling. Mont Alto, Pa.
THOMAS B. KENNEDY, President Chambersburg, Pa.
Secretary and Treas.—E. B. Wieetling. . .Mont Alto, Pa. | Superintendent— G. B. Wiestling Mont Alto, Pa.
PRINCIPAL OFFICE AND ADDRESS Mont Alto, Franklin Co., Pa.
POOR'S MANUAL OP RAILROADS. 189
MONTROSE RAILWAY COMPANY.
Line of Road. — Montrose, Pa., to Tunkhannock, Pa 28 miles.
Sidings, etc., 4 miles. Gauge, 3 ft. Rail, 40 Ibs.
History. — Chartered in 1870 ; first portion opened in 1872, and road completed in 1874.
Rolling Stock, November 80, 1886. — Locomotive engines, 2. Cars — passenger, 2 ; bag-
gnge, mail and express, 2 ; freight, 22 ; other, 4 — total cars, 80.
Operations for yea^r ending November 30, 1886. — Train mileage (mixed), 35,000 miles.
Passengers carried, 13,522 ; carried one mile, 207,140 ; average mile rate, 3.63 cents. Tons
freight moved, 14,717 ; moved one mile, 412,085 ; average ton-mile rate, 4.34 cents.
Expense*. — Transportation $5,971 37
Earulngs.— Passenger $7,510 19
Freight 17,878 13
Mail 1,244 44
Express 1,057 18
Total ($988.92 per mile) $27,689 92
Motive Power and Cars ',145 84
Maintenance Way and Buildings. 10,701 54
General 2,025 00
Total ($815.85 per mile) $22,843 75
Net earnings (17.50 per cent.), $4,846.17. Payments: Interest on bonds, $925; other,
$378.33— total, $1,303.33. Balance, surplus, $3,542.84.
General Balance Sheet, November 30, 1886.
CostofKoad $332,711 18
Cost of Kolling Stock 41,30813
Bills Receivable 1,094 74
Cash on Hand. . ., 3,542 84
Total Assets $378,656 89
Common Stock Paid in $304,900 00
Preferred Stock Paid in 2,527 21
'Funded Debt Outstanding 5,000 00
Profit and Loss 66,229 68
Total Liabilities $37f ,656 89
Funded debt consists of 1st mortgage 7 per cent. 20-year bonds, due on demand any
time before April 1, 1892. Annual meeting, second Monday in January.
Directors (elected January 10, 1887). — Robert Klotz, Charles O. Skeer, Mauch Chunk,
Pa.; S. D. Thomas, H. D. Sherman, Springville, Pa.; C. M. Gere, William J. Mulford, S. H.
Sayre, John S. Tarbell, Sylvanus Tyler, Montrose, Pa.; B. F. Blakslee, Lynn, Pa.; Paul
Billings, C. D. Gearhart, Tunkhannock, Pa.
JAMES J. BLAKSLEE, President Mauch Chunk, Pa.
Secretary— J. R. Raynsford Montrose, Pa. | Treasurer—- Asa P. Blakslee Manch Chunk, Pa.
PRINCIPAL OFFICE AND ADDRESS Mauch Chunk, Pa.
MONTOUR RAILROAD COMPANY.
Line of Road. — Montour Junction, Pa., to Imperial, Pa 12 miles.
Gauge, 4 ft. 8£ in. Rail (steel, 10 miles), 54 Ibs. per yard.
Rolling Stock, December 30, 1882. — Locomotive engines, 2. Cars — passenger, 1 ; freight
(platform, 2 ; coal, 128), 130.
Operations, financial condition, etc. — No report furnished.
WILLIAM MCCREERY, President Pittsburgh, Pa.
Secretary and Treas.—Wia.. M. Short... Pittsburgh, Pa. | Gen. Svpt. & Purch. Agt.—G. R. Brown.. Imperial, Pa.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
MORRIS COUNTY RAILROAD COMPANY.
Line of Road.— Green Pond, N. J., to Port Oram, N. J. 12 miles.
Sidinjrs, 1 mile. Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs.
History. — Road built in 1886, and opened in 1887.
Financial Statement. — Capital stock, $300,000 ; funded debt, 1st mortgage 6 per cent.
30-year $1,000 coupon bonds, dated September, 1886, interest March and September (author-
ized, $300,t)00), $231,000.
Directors.— Garret A. Hobart, A. A. Wilcox, Paterson, N. J. ; Russell T. Low, J. L.
190 POOR'S MANUAL OF RAILROADS.
Cunningham, W. J. Groo, New York, N. Y.; E. C. George, Charlotteburgh, N. J.; Monroe
Howell, Parsippany, N. J.
GAKUKT A. HOBART, President Paterson, N. J.
Secretary— Russell T. Low New York, N. T. | Treasurer— 3. L. Cunningham New York, N. Y.
PIUNCIPAL OFFICE AND ADDRESS Paterson, N. J.
MOUNT HOPE MINERAL RAILROAD COMPANY.
Line of Road. — Mount Hope, N. J., to Port Oram, N. J 3.54 miles.
Sidings, 0.82 mile. Gauge, 4 ft. 8£ in. Rail, 50 Ibs. per yard.
Rolling Stock.— Locomotive engines, 2.
Operations, etc. — Not reported.
Financial Statement, December 31, 1885.— Capital stock, $160,000. Cost of road, $138,-
449.96 ; equipment, $8,000— total, $146,449.96.
Directors.— E. F. Hatfield, Samuel Sloan, Percy R. Pyne, B. G. Clarke, New York, N. Y. ;
John I. Blair, Blairstown, N. J.; Dewit C. Blair, Belvidere, N. J.; Seldeu T. Scranton, Ox-
ford, N. J.
JOHN I. BLAIR, President Blairstown, N. J.
Secretary and Treat.— E. T. Hatfield. .New York, N. Y. J Gen. Superintendent— Samuel Davis. . .Port Oram, N. J.
PRINCIPAL OFFICE AND ADDRESS 52 Wall Street, New York, N. Y.
MOUNT OLIVER INCLINE RAILWAY COMPANY.
Main Line of Road. — Lower to Upper Station.Mt. Oliver, Pittsburgh, Pa. .0.303
Branches to Allentown and to Mt. Oliver 1.322 — 1.625 m.
Second track, 1,600 ft. Gauge, 5 ft. 2£ in. Rail (t-teel), 42 Ibs.
Equipment. — Stationary engines, 6. Passenger cars, 2.
Operations for year ending December 31, 1885. — Trains run, 40,000 miles. Paspengers
carried, 751,879. Gross earnings, $27,902.50; operating expenses, $28,941.78; deficit,
$1,039.28. .
Financial Statement, December 31, 1886.— Capital stock (par, $50), $38,000; funded
debt, 1st mortgage 6 per cent, bonds, due November 1, 1901, interest May and November,
$44,500 ; other liabilities, $13,000— total, $95,500. Contra : Cost of plane, etc., $104,533.69.
Directors. — C. J. Schultz, John P. Beach, Joseph Keehling, Peter Haberman, John Neis-
ser, Ferd. Berry, Frederick Hampe, Pittsburgh, Pa.
C. J. SCDULTZ, President Pittsburgh, Pa.
John P. Beach, Secretary and Treasurer Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
NEW BRIGHTON AND NEW CASTLE RAILROAD COMPANY.
Line of Road.— New Brighton, Pa., to New Castle, Pa 21.00 miles.
In Operation. — Kenwood, Pa., to Wampum June., Pa 12.54 miles.
Sidings, etc., 2.41 miles. Gauge, 4 feet 9 inches. Rail (steel, 14.41 miles), 60 Ibs.
History.— Chartered March 24, 1881 ; road opened August 18, 1884. Operated by Penn-
sylvania Co.
Rolling Stock. — Furnished by Pennsylvania Co.
Operations for year ending December 81, 1886.— Train mileage— passenger, 26,498;
freight, 32,755 ; other, 358— total, 59,611 miles. Passengers carried, 162,562 ; carried one
mile, 1,614,522 ; average mile rate, 1.78 cents. Tons freight moved, 1,466,281 ; moved one
mile, 17,393,304 ; average ton-mile rate, 0.79 cents.
BOOB'S MANUAL OF PAILROADS.
191
Earnings.— Passenger 828,714 06
Freight 137,859 63
Mai) 93056
Express 2,200 86
Miscellaneous 1,081 95
Expenses.— Transportation * $15,688 01
Motive Power 9,00692
Maintenance of Cars 181 52
Maintenance Way and Buildings 11,249 23
General 2,74709
Total ($13,619.38 per mile) $170,787 06 Total ($3,095.92 per mile) $38,822 77
Net earnings (77.27 per cent.), $131,964.29. Payments : Interest on bonds, $20,000 ;
dividends June and December, 4 per cent, each, $32,000 ; hire of equipment, $13,410.14
total, $65,410.14. Balance, surplus, $66,554.15 ; surplus from last year, $46,814.71— total
surplus, $113,368.86.
General Balance Sheet, December 31, 1886.
Cost of Eoad $784,122 50
Current Accounts 141,237 79
Capital Stock (par, $50) $400,000 00
Funded Debt Outstanding 400,000 00
Current Accounts 1,991 43
Interest Due January 1, 1887 10,000 00
Profit and Loss 113,368 86
Total Assets $925,360 29 Total Liabilities $925,3*60 29
Funded debt consists of 1st mortgage 5 per cent, registered $1,000 bonds, dated Decem-
ber 31, 1885, due January 1, 1914, interest payable January and July.
Annual meeting, third Tuesday in January ; books close 60 days prior thereto. Books
close for dividends 5 'days prior to payment of same. Capital stock authorized, $500,000.
Voting power attaches to stock after 60 days' ownership. Trustee of bonds, Jno. P. Greeu,
Philadelphia, Pa. Registrar of stock, Jno. E. Davidson, treasurer of company. Interest
payable at office of Pennsylvania RR. Co., Philadelphia; dividends at office of company,
Pittsburgh.
Directors (elected January 19, 1886).— Thomas D. Messier, 'J. N. McCuIlough, Wui.
Thaw, J. J. Brooks, J. W. Renner, William Stewart, William Mullins, Pittsburgh, Pa.
THOMAS D. MESSLER, President Pittsburgh, Pa.
Treasurer- John E. Davidson Pittsburgh, Pa. | Secretary— 8. B.Liggett Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Penn Av. and 10th St., Pittsburgh, Pa.
NEWBTTRGH, DTJTCHESS AND CONNECTICUT RAILROAD COMPANY.
Line of Road. — Dutchess Junction to Millerton, N. Y 58.84 miles.
Sidings, 9.78 miles. Gauge, 4 ft. 8£ in. Rail, iron, 56; steel (30.83 miles), 60 Ibs.
History. — Organized as Dutchess and Columbia, September 4, 1866 ; road opened in
1869-71 ; sold under foreclosure August 5, 1876, and purchased by 1st mortgage bondholders,
who organized the existing company January 8, 1877.
Rolling: Stock. — Owned : Locomotive engines, 4. Cars — passenger, 4 ; baggage, mail,
etc., 2 ; freight (box, 14 ; stock 4 ; platform, 11 ; coal, 26), 55 ; caboose, etc., 2 ; total, 63.
Leased : Locomotive engines, 4 ; freight cars (box, 25 ; coal, 152), 177.
Operations for year ending September 30, 1886. — Train mileage — passenger, 26,534 ;
freight, 83,020— total, 109,554 miles. Passengers carried, 71,738 ; carried one mile, 749,331 ;
average mile rate, 2.58 cents. Tons freight moved, 112,231; moved one mile, 3,478,704;
average ton-mile rate, 2.37 cents.
Earnings.— Passenger $19,336 21
Freight 82,36815
Mail and Express 4,649 64
Miscellaneous 37,063 89
Expenses.— Transportation $35,939 47
Motive Power and Cars 12,641 53
Maintenance Way and Buildings. 45,475 25
General 21,390 43
Total ($2,437.42 per mile) $143,417 89 Total ($1 ,962.04 per mile): $115,446 68
Net earnings (19.50 per cent.) $27,971.21. Add land rents, $305.21— total, $28,276.42.
Payments— Interest on funded debt, $11,400 ; taxes, $5,506.95— total, $16,906.95. Surplus,
$11,369,47 ; surplus from last year, $9,703.13 ; accounts collected, $4,041.85— total surplus,
$25,114.45.
192 POOR'S MANUAL OF RAILROADS.
%
General Balance Sheet, September 30, 1886.
CostofRoad 82,233,39229
Cost of Rolling Stock 30,317 34
Real Estate and Buildings 1,223 47
Materials and Fuel on Hand 13,122 71
Other Property and Assets 7,142 19
Current Accounts 10,41494
CashonHand.. 16,25278
Total Assets $2,311,86572
Capital Stock $887,350 00
Funded Debt Outstanding 1,329,500 00
Bills Payable and Loans 30,500 00
Current Accounts 6,325 76
Interest on Bonds Due and Accrued 23,520 00
Audited Vouchers and Pay-Rolls 9,555 51
Profit and Loss. . . 25.114 45
Total Liabilities $2,311,865 72
The funded debt consists of $150,000 1st mortgage 7 per cent. 30-year bonds, dated June
1, 1877, interest payable May and November, and $1,164,500 income mortgage 6 per cent.
100-year bonds, dated June 1, 1877, interest payable when earned, both of these being secured
on the road and franchise; also a $15,000 real estate mortgage, dated August 1, 1877, and
bearing interest at rate of 6 per cent., payable February and August, secured on the terminal
lands. John S. Schultze, trustee of bonds.
Directors (elected at annual meeting in January, 1887). — John R. Schultze, William R.
Schultze, Manchester, N. J.; William S. Eno, William N. Sayer, Pine Plains, N. Y.; R. G.
Coffin, Coffin Summit, N. Y.: George Potter, Billings, N. Y.; R. C. Van Wyck, Hopewell
Junction, N. Y.; Charles L. Kim ball, Fishkill-on-Hudson, N. Y.; H. B. Willits, Madison,
N. J.; S. I. Wright, Elizabeth, N. J.; Albert Emans, La Grange, N. Y.; N. T. Plass, Clove
Valley, N. Y. ; Oliver Davidson, Fishkill, N. Y.
JOHN S. SCHULTZE, President and Treasurer Matteawan, N. Y.
Secretary— W. A. Wells Matteawan, N. Y. | Supi. & Fgt. Agt.—C. L. Kimball .... Matteawan, N. Y.
PRINCIPAL OFFICE AND ADDRESS Matteawan, N. Y.
NEW CASTLE RAILROAD AND MINING COMPANY.
Line of Road. — New Castle, Pa., to Coal Mines 5.5 miles.
Sidings, 0.75 mile. Guage, 3 ft. 6 in. Rail, 45 Ibs.
History. — Chartered April 1, 1872; road opened August 7, 1872. Reorganization of the
Neshannock Coal Co. Used for company's own business.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $100,000 ; funded
debt, 1st morgage 6 per cent. 10-year bonds, due September 1, 1889, interest March and
September, $3,500— total, $103,500. Cost of road, $100,000 ; equipment. $20,000 ; real estate,
$6,000 ; other property and assets, $1,000 — total, $127,000. Interest payable at National
Bank of Lawrence Co., New Castle, Pa. Trustee, A. B. Burgess, New Castle, Pa.
Directors. — Joshua Rhodes, William Latshaw, Pittsburgh, Pa ; George Pearson, T. F.
Stryker, Frederick Pearson, New Castle, Pa.
JOSHUA RHODES, President Pittsburgh, Pa.
V.-Pres. & Gen. Mgr.— George Pearson, New Castle, Pa. | Secretary and Treat.— T. F. Stryker. . .New Castle, Pa.
PRINCIPAL OFFICE A.ND ADDRESS New Castle, Pa.
NEW CASTLE AND BEAVER VALLEY RAILROAD COMPANY.
Line of Road.— New Castle, Pa., to Homewood, Pa 14.98 miles.
Sidings and other tracks, 9.15 m. Gauge, 4 ft. 9 in. Rail (steel, 24.13 m.), 60 Ibs.
History.— Chartered February 6, 1862 ; road opened October 3, 1863. Leased for 99
years to Pennsylvania RR. Co., and transferred to Pennsylvania Co.; rental, 40 per cent, of
of gross earnings.
Rolling: Stock. — None owned. Furnished by lessee.
Operations for year ending December 81, 1886.— Train mileage— passenger, 45,847;
freight, 106, 606 ; other, 294— total, 152,797 miles. Passengers carried, 154,803 ; carried one
mile, 1,078,323; average mile rate, 2.61 cents. Tons freight moved, 2,151,163; moved one
mile, 16,305,486 ; average ton-mile rate, 1.07 cents.
POOR'S MANUAL OP RAILROADS.
193
Earnings.— Passenger $28,13841
Freight 174,424 24
Mail 1,110 64
Express 1,460 74
Miscellaneous 2,08004
Expenses.— Transportation $55,622 55
Motive Power 25,912 98
Maintenance of Cars 4,083 95
Maintenance Way and Buildings 14,145 72
General 5,146 15
Total ($13,832.72 per mile). $207,21407 Total ($7,003.43 per mile) $104,911 35
Net earnings (49.37 per cent.), $102,302.72. Add rentals, $61,854.68 ; other receipts,
$3,660— total available revenue, $167,817.40. Payments : Dividends (6 per cent.), $42,000 ;
other, $4,811.39— total, $46,811.39. Balance, surplus, $121,006.01.
Statement of dividends paid from January 1, 1865, to October 1, 1885 :
Date.
Rate
p. c.
Date.
Rate
f>. C.
Date.
Rate
p.C.
Date.
Rate
p.c.
Date.
Rate
p.c.
Date.
Rate
p.c.
Jan. 1, 1865
1-2
Jan. 1, 1869
3
Oct. 1, 1872
2*
July 1, 1876
4
April 1, 1880
31
July 1, 1883
81
July 1, 1865
5
April 1, 1869
3
Jan. 1, 1873
2*
Oct. 1, 1876
3*
July 1, 1880
31
Oct. 1, 1883
31
Oct. 1, 1865
21
July 1, 1869
3
April 1, 1873
2*
Jan. 1, 1877
3*
Oct. 1, 1880
31
Jan. 1, 1884
31
Jan. 1. 1866
2*
Oct. 1, 1869
21
July 1, 1873
«1
April 1, 1877
Si
Jan. 1, 1881
31
Feb.20, 1884
5
April 1, 1866
3
Jan. 1, 1870
21
Oct. 1, 1873
2*
July 1, 1877
31
Jan. 12, 1881
10
April 1, 1884
31
July 1, 1886
3
April 1, 1870
21
Jan. 1, 1874
24
Oct. 1, 1877
31
April 1, 1881
31
July 1, 1884
31
Oct. 1. 1866
3
July 1, 1870
21
April 1, 1874
2^
Jan. 1, 1878
31
July 1,1881
31
Oct. 1, 1884
31
Jan. 1, 18(57
3
Oct. 1, 1870
8)
July 1, 1874
21
April 1, 1878
131
Oct. 1, 1881
3J
Jan. 1, 1885
31
April 1, 1867
3
Dec. 29, 1870
21
Oct. 1, 1874
21
July 1, 1S78
31
Jan. 1, 1882
31
April 1, 1885
31
July 1, 1867
3
April 1, 1871
8i
Jan. 1, 1875
5
Oct. 1, 1878
31
April 1, 1882
U
July 1, 1885
11
Oct. 1, 1867
3
July 1, 1871
2*
April 1, 1875
3
Jan. 1, 1879
31
July 1, 1882
• 81
Oct. 1, 1885
H
Jan. 1, 1868
3
Oct. 1, 1871
2*
July 1,1875
3
April 1, 1879
31
Oct. 1, 1882
01
Jan. 1, 1886
11
April 1, 1868
3
Jan. 1, 1872
2*
Oct. 1, 1875
3
July 1, 1879
31
Jan. 1, 1883
31
April 1, 1886
11
July ], 1868
3
April 1, 1872
2*
Jan. 1, 1876
3
Oct. 1, 1879
21
Mar. 5, 1883
10
July 1, 1886
11
Oct. 1, 1868
8
July 1, 187*
K
April 1, 1876
3
Jan. 1, 1880
21
April 1,1883
34
Oct. 1, 1886
H
Annual meeting second Monday in January. Dividends paid quarterly, January, April,
July and October, at New Castle, Pa. Registrar of stock, J. A. Crawford.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $700,000. Contra:
Construction, $876,342.18.
Directors (elected January 10, 1887.) — A. L. Crawford, John L. Crawford, Wm. Patter-
son, R. W. Cunningham, New Castle, Pa.; W. L. Scott, Erie, Pa.; William Harbaugh,
Sewickly, Pa.; John B. Jackson, Pittsburgh, Pa.
A. L. CRAWFORD, President New Castle, Pa.
J. A. Crawford, Secretary and Treasurer New Castle, Pa.
Officers in charge of operations See Pennsylvania Co.
PRINCIPAL OFFICE AND ADDRESS New Castle, Pa.
NEW JERSEY AND NEW YORK RAILROAD COMPANY.
Main Line of Road. — Erie Junction, N. J., to Stony Point, N. Y 31.25 miles.
Nanuet and JNew City RR.: Nauuet to New Git}', N. Y. (Owned) 4.50 miles.
Leased : Garnerville MR.: Miner's Creek, N. Y., to Gar. P. Works 1.00 miles.
Total length of lines owned, leased and operated 36.75 miles.
Sidings, etc., 4.83 miles. Gauge, 4 ft. 8£ in. Rail (steel, 16.10 miles), 60 Ibs.
History. — Consolidation of Hackensack and New York and Hackensack and New York
Extension RR. Companies,, November 4, 1874. Road opened May 3, 1875. Receiver ap-
pointed in 1876. The original lines sold separately— the H. & N. Y. RR. August 14, 1878,
and the H. & N. Y. Extension RR. in November, 1879. The N. J. & N. Y. RR. Co. was organ-
ized April 3, 1880. In December, 1886, this company consolidated with the Hackensack RR.
Co., retaining the name of the New Jersey and New York RR. Co. Previous to such date
the entire stock of the Hackensack RR. Co. had been purchased and the $125,000 first mort-
gage bonds reserved under the reorganization agreement for such purpose issued.
Rolling- Stock, September 80. 1886.— Locomotive engines, 8. Cars'— passenger, 14 ; bag-
gage, mail and express, 5 ; freight (box, 10 ; platform, 9 ; stock, 1 ; caboose, 1), 21 — total
cars, 40.
Operations for year ending September 30, 1886.— Train mileage— passenger, 192,213 ;
freight, 30,826— total, 223,039 miles. Passengers carried, 579,730 ; carried one mile, 7,826,355 ;
13
194 POCK'S MANUAL OF BAILROADS.
average mile rate, 1.17 cent?. Tons freight moved, 82,139 ; moved one mile, 1,527,787 ; aver-
age ton-mile rate, 4.66 cents.
Earnings.— Passenger $91,939 42
Freight 71,236 08
Mail and Express 10,474 53
Miscellaneoue 1,60760
Total ($4,768.92 per mile) $175.257
Expenses.— Transportation $68,756 66
Motive Power and Cars l7,r,-_M 77
Maintenance Way and Buildings 43,881 83
General 24,20085
Total ($4,203.11 per mile) $154,464 11
Net earnings (11.87 per cent.), $20,793.58. Payments : Interest, $29,992.49 ; rental,
Hackensack RR., $2,709.68; taxes on property, $594.09— total, $33,296.26.
General Balance Sheet, September 30, 1886.
Cost of Road $3,184,137 17
Cost of Rollins* Stock 81,82678
Materials and Fuel on Hand 3,686 67
Dneby Agents 1,76819
Current Accounts ... 8,204 41
Cashonlland 8,64906
Total Assets $3,288,272 28
Capital Stock (pref., $800,000— par, $100)... $2,800,000 00
Funded Debt Outstanding 456,00000
Current Accounts 7,886 91
Interest on Bonds 4,466 66
Audited Vouchers and Pay Rolls 14.041 10
Profit and Loss 5,877 61
Total Liabilities $3,288,272 28
Funded debt consists of $400,000 first mortgage 6 per cent, bonds, due May 1, 1910 ;
$56,000 second mortgage 5 per cent, bonds, due January 1, 1986.
RAILROADS LEASED OR OWNED BY N. J. AND N. Y. RR. Co.
NANTJET AND NEW CITY BAILBOAD.-Nannet, N. Y., to New City, N. Y., 4.5 miles.
Organized May 23. 1871 ; opened March 11, 1874. Wholly owned by the New Jersey and New York RR. Co. Cost
of road, etc., $76,828.51. F. VERDIN, President and Treasurer, Clarkstown, N. Y.
GABNEBVILIiE RAILROAD.— N. J. & N. Y. RR. to factories at Garnerville, 0.91 mile. Chartered
September 14, 1875, and road opened June 13, 1876. Wholly owned by the New Jersey and New York RR. Co.
Capital stock, $55,000. Cost of road, $37,360.98. JOHN TAYLOR, President, Garnerville, N. Y. ; John I. Law-
rence, Treasurer ; Charles C. Birdseye, Secretary. CORPORATE OFFICE, New York, N. Y.
Board of Directors N. J. & N. Y. MM. Co., elected at annual meeting May 1, 1885.
Valentine L. Lary. Jersey City, N. J.
Robt. W. De Forest.New York,N.Y.
Louis Fitzgerald. . .New York, N. Y.
Joseph E. Gay. . . . New York, N. Y.
Peter Ward Newburgh, N. Y.
Henry C. Deming. .New York, N. Y.
Isaac D. Demarest. ..Oradell, N. J.
G. Ackerson. Jr. .Hackensack, N. J.
J. D. Hasbrouck Westwood, N. J.
Henry Seibert New York, N.Y.
H. W. De Forest. . .New York, N.Y.
H. Van Bubkirk.. Spring Valley, N.J.
One vacancy.
VALENTINE L. LARY, President Jersey City, N. J.
Isaac D. Demarest. Jersey City, N. J.
Sec. and Treat.— Henry C. Deming. . .Jersey City, N. J. | Gen. Manager—Jacob D. Hasbrouck. Jersey City, N. J.
PRINCIPAL OFFICE AND ADDRESS 1 Pavonia Avenue, Jersey City, N. J.
NEW YORK AND SEA BEACH RAILWAY COMPANY.
Main Line of Road.— Bay Ridge, N. Y., to Coney Island, N. Y 6.0
Leased: Sea Beach and Brighton RR. : Sea Beach June, to Brighton Beach, N.Y. 1.3 — 7.3 miles.
2d track, 6 miles ; sidings, 2 miles. Gauge, 4 ft. 8£ in. Rail (steel, 10.75 miles), 56 Ibs.
History. — Organized September 25, 1876, as the New York and Sea Beach Railroad Co. ;
road opened August 1, 1879. On September 1, 1882, the company defaulted on its bond in-
terest, and the road was placed in the hands of a receiver. Sold under foreclosure April 1,
1883, and purchased by the bondholders, who organized anew company, May 12, 1883, under
the name of the New York and Sea Beach Railway Co., with a capital of $500,000. The new
company assumed the real estate mortgages.
Rollins? Stock. — Locomotive engines, 7. Cars— passenger, 41 ; freight (boz, 2; platform,
6), 8 — total, 49. One locomotive and 10 passenger cars were acquired through car trusts.
Operations for year ending September 30, 1886.— Passenger trains run, 69,888 miles.
Passengers carried, 770,127 ; carried one mile, 4,620,762. Tons freight moved, 1,25ft; moved
one mile, 7,500. Earnings— passenger, $74,213.21 ; freight, $2,028.20— total, $76,241.41.
Expenses— maintenance of way, $6,333.44; rolling stock, $5,800.14; transportation, $25,-
340.09 ; taxes, $679.81; general, $30,657.40— total, $68,810.88. Net earnings, $7,430.53.
Add— rentals, $31,446.91 ; steamboat earnings, $22,024.90— total, $53,471.81. Total availa-
ble revenue, $60,903.34. Payments: Interest on funded debt, $16,027.28 ; on floating debt,
$1,816.34 ; terminal property, $17,622.84; steamboat operations, $19,604.53— total, $55,070.99.
Balance, surplus, $5,831.35.
Financial Statement, September 30, 1886.— Capital stock, $500,000; funded debt, $339,-
TOORS MANUAL OF EAILEOEDS.
195
538; bills payable, $60,254.35; current accounts, $38,877.97 ; salaries, $1 ,070 ; interest,
$34,16099; improvement account, $120,000— total, $1,093,901. 31. Per contra: Construction
and equipment, $930,247.88; stocks and bonds, $79,700; materials $3,006.13; cash,
$3,201.11 ; current accounts, $25,473.97; other property and assets, $5,176.50 ; profit and
loss, $47,095.72— total, $1,093,901.31.
Funded debt : 1st mortgage 7 per cent. 16-year $1,000 coupon bonds, due March 1, 1899,
interest March and September, $200,000 ; 2d income 5 per cent. $100, $250, $500 and $1,000
registered bonds, due September 1, 1890, interest March and September (authorized, $200,000),
$105,750 ; 6 per cent. 3-year real estate bonds, due June 1, 1883, interest January and July,
$7,500; 6 per cent, real estate bonds, interest May and November, $22,288; 6 per cent, real
estate bonds, interest February and August, $4,000.
Interest payable at 56 Wall St., N. Y. Voting power attaches to stock on 30 days' owner-
ship. Annual meeting, fourth Tuesday in November ; books close 30 days prior thereto.
Registrar of Stock, Alrick H. Man, Treasurer of company.
SEA BEACH AND BRIGHTON RAILROAD.— Junction with N. X". and Sea Beach RR. at 86lh
Street, Brooklyn, to Brighton Beach, N. Y., 1.3 miles. The New York and Brighton Beach RR. Co. WHSchartered
December 18, 1878 ; road opened from Gravesend Bay, near Locust Grove, to Brighton Beach, 2.68 miles, August
5, 1880. Default made in 1881, road surrendered to mortgage trustees, and operations suspended. The present
company was organized in 1886, and acquired the above 1.30 miles. The rest of the road has been abandoned.
Board of Directors New York and Sea Bench Ry. Co., elected November 23, 1886.
Albon P. Man New York, N. Y. i Benj . B. Lawrence.New York, N. Y. Henry 8. I*plin .... New York, N. Y.
Frederic A. Potts.. New York, N. Y. | John Barker New York, N. Y. Alrick H. Man New York, N. Y.
George P. Wetmore Newport, R. I.
ALBON P. MAN, President New York, N. Y.
Henry S. Iselin, Vice-President New York, N. Y.
Secretary and Treas.— Alrick H. Man.. New York, N. Y. | Oen. Man.— Benjamin B. Lawrence... New York, N.Y.
Auditor— James T. Nelson New York, N. Y.
PRINCIPAL OFFICE AND ADDBESS 56 Wall Street, New York City.
NEW YORK CENTRAL AND HUDSON RIVER RAILROAD COMPANY.
Main Line of Road.— New York City, N. Y.. to Buffalo, N. Y 441.75 miles.
f Athens : Schenectady Junction to Athens 40.29
Troy and Sclienectady : Troy to Schenectady 21.00
Syracuse, Auburn and Rochester : Syracuse to Rochester. 104. 00
Attica : Batavia to Attica 11 00
Branches : -! Niagara, Falls : Rochester to Niagara Falls 74.75
Tonawanda : Lockport Junction to Tonawanda 12.25
Cliarlotte : Rochester Junction to Charlotte 6.88
Lewiston : Buffalo to Lewiston 29.15
(Junction : East Buffalo to North Buffalo 7.67— 306.99 miles.
' Spur/ten Duyml and, Port Morris MR 6.04
Troy and Greenbush RR 6.00
j Niagara Bridge and Cannndaigua RR 98.46
-d :] New York and Harlem RR 126.96
New York and Mahopac RR 7.09
[ West Shore Railroad and Branches 448.02— 692.57 miles.
Total length of all lines (owned, 748.74 ; leased, 692.57) 1,441.31 miles.
Gauge, 4 ft. 8| in. Rail (steel), 65 and 80 Ibs.
History.— The New York Central and Hudson River Railroad Company was organized by
the consolidation, November 1, 1869, of the New York Central and the Hudson River Rail-
road Companies.
The New York Central RR. Co. was organized under a special law passed April 2, 1853,
authorizing the consolidation of the railroads between Albany and Buffalo, viz.: the Albany
and Schenectady, the Schenectady and Troy, the Utica and Schenectady, the Syracuse and
Utica, the Syracuse and Utica Direct, the Rochester and Syracuse, the Buffalo and Lockpoit,
the Mohawk Valley, the Rochester, Lockport and Niagara Falls, and the Buffalo and Roches-
ter. Articles of agreement taking effect as of May 1, 1853, were filed May 17, 1853 ; the first
Board of Directors elected July 6th ; road line delivered to the new company August 1, 1853.
196 POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER RR. CO.
The Albany and Sclienectady RR., chartered in 1826 as the Mohawk and Hudson, was
opened September 12, 1831, and was the first railroad built in the State of New York. The
name was changed to A. & S. in 1847. The Sclienectady and Troy was chartered in 1836, and
opened in 1842. The Utica and Sclienectady, chartered in 1833, was opened August 1, 1836.
The Syracuse and Utica, chartered in March, 1836, was opened July 3, 1839. The Syracuse
and Utica Direct was organized under the general law, and filed articles January 26, 1853.
Merged in the N. Y. C. RR. Co. under the act of 1853. The Rochester and Syracuse was a
ccnsolidation (August 1, 1850) of the Auburn and Rochester and the Auburn and Syracuse.
The Auburn and Rochester, chartered in 1836, was opened in August, 1841, and the Auburn
and Syracuse, chartered in 1834, was opened in June, 1838. The Direct Line was opened in
1853. The Buffalo and Lockport filed articles April 27, 1852, and was in progress at the date
of consolidation. The road was opened in 1854. The Mohawk Valley filed articles January
21, 1851, and December 28, 1852. The company was merged in the New York Central RR.
Co. under the act of 1853. The Rochester, Lockport and Niagara Falls was originally the
Lockport and Niagara Falls, chartered in 1834, and opened in 1838. In December, 1850, the
R., L. & N. Falls RR. Co. was organized, and rebuilt the road. The Buffalo and Rochester
was a consolidation (December 7, 1850) of the Attica and Buffalo, and the Tonawanda. In
1852 this company opened a direct road from Buffalo to Batavia, keeping that part of the
Attica and Buffalo line between Attica and Batavia as a branch. The A. & B. was chartered
in 1836, and opened in 1842 ; and the Tonawanda, chartered in 1832, was opened in 1842.
The following roads were leased and subsequently merged in the consolidation : The
Rochester and Lake Ontario in 1855, for $150,000 ; the Buffalo and Niagara Falls in 1885, for
$658,921.56, the Lewiston in 1855, for $400,000 ; and the Saratoga and Hudson River (Athens
Branch) in 1867, for $2,000,000. The stock of the consolidated company was issued at par in
exchange for the stocks of the lessor companies respectively. The last named road was
leased on the 2d of November, 1881, to the New York, West Shore and Buffalo RR. CQ. for
475 years, the rental for the entire period having been commuted for $400,000.
The Niagara Bridge and Canandaigua RR., originally the Canandaigua and Niagara
Falls, filed articles March 1, 1851, was opened April 1, 1854, and leased to the N. Y. Central,
September 1, 1858, at 6 per cent, on $1,000,000 capital stock.
The Hudson River RR. Co. was chartered May 12, 1846, and road opened through its
entire length from New York to Eatt Albany, October 3, 1851. Prior to its consolidation in
the New York Central and Hudson River RR. Co. it had taken a lease of the Troy and Green-
bush RR., chartered January, 1845, opened in June of same year, and leased to the Hudson
River RR. Co., June 1, 1851, for 7 per cent, on $295,000 capital stock. The lease, which runs
during the time of the charter or any extension thereof, was assumed by the consolidated
company.
The New York Central and Hudson River RR. Co. has added the following lines :
The New York and Harlem, chartered April 25, 1831 ; leased for 400 years from April 1,
1873, the rental being 8 per cent, on stock and interest on bonds. This lease covers the
N. Y. and Mahopac ; lease dated June 17, 1872 ; expires Dec. 31, 1971. Rental nominal.
The Spuyten Duyvil and Port Morris RR., chartered April 24, 1867 ; lease dated Novem-
ber 1, 1871 ; expires December 31, 1970 ; rental, 8 per cent, on cost, $989,000.
The Dunkirk, Allegheny Valley and Pittsburgh RR., lease dated January 3, 1874 ;
expires January 3, 2273. Rental, 7 per cent, ou $2,900,000 bonds, and 3 per cent, on $1,300,-
000 stock.
The Syracuse Junction RR. was built by the N. Y. C. & H. R. RR. Co. to take the two
freight tracks of its fourth track system around the city of Syracuse ; leased, April 10, 1875,
and subsequently absorbed under authority of law. In 1881 the mileage of this branch, which
up to that time had been treated as main road, was added to the figures of the third and
fourth tracks.
The Junction (Buffalo) RR. was built by the N. Y. C. & H. R. RR. Co. to connect its
main lines between North Buffalo and East Buffalo ; leased April 10, 1875, and absorbed the
same as the Syracuse Junction RR.
POOR'S MANUAL— NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 197
The Geneva and Lyons RR. was built by the N. Y. C. & H. R. RR. Co. to connett
Geneva, on the Auburn Branch, with Lyons, on the main line, a distance of 14 miles. It wl.l
in time be leased and absorbed by tbe N. Y. C. & H. R. RR. Co.
The two Hudson River bridges, crossing the Hudson River between East Albany ai.d
Albany are practically owned — £ by the N. Y. C. & H. R. RR. Co. and { by the Boston and
Albany RR. Co., each company paying proportionately for expenses of maintenance and
operating.
The Troy Union RR. is owned — i by the N. Y. Central, £ by the Troy and Boston, and
£ by the Rensselaer and Saratoga. Each company pays its proportion of maintenance and
operating.
The West Shore was a reorganization after foreclosure sale on November 24, 1885, if the
New York, West Shore and Buffalo. It is leaped to the New York Central for 475 years from
January 1, 1886, the rental being 4 per cent, par annum on $50,000,000 1st mortgage bonds.
Statement, showing length of track on all lines, September 30, 1886 :
DIVISIONS AND BRANCHES.
Line of
Road.
Second and other Tracks.
Total
Track.
2d Track.
3d Track.
4th Track
Sidings.
Hn
N.
To
To
5
1.
!
dson River Div.— N. Y. City to E. Albany....
Y. Central Div.— Albany to Buffalo
jr.
144.00
297.75
M.
144.00
297.75
M.
18.68
294.92
M.
"294! 92'
M.
78.97
482.58
M.
385.65
1,667.92
tal Main Line New York to Buffalo
441.75
306.99
441.75
45.99
313.60
294 92
561.55
2,053.57
352.98
al Branch Lines Owned
Total Lines Owned
748.74
6.00
98.46
487.74
6.00
313.60
294.92
561.55
0.13
5.50
2,436.55
12.13
103.96
12.08
190.5p
7.09
933.83
22.06
[Troy and Greenbush Railroad
Niagara Bridge and Canandaigua Railroad.. .
Spuyten Duy vil and Port Morris Railroad . . .
New York and Harlem Railroad
6.04
126.96
7.09
6.04
22.44
3.85
3.85
33.45
New York and Mahopac Railroad
West Shore Railroad (Main Line). . . .
425.96
22.06
350.41
157.46
West Shore Branches
Total Leased Lines
692.57
384.89
3.85
3.85
196.54
1,281 70
Total of all Lines
1,441.31
878.63
317.45
298.77
758.09
3,688.25
Miles steel rail (single track) in main lines, 1,991.70 ; in branches, 1,322.05 — total, 3,313.
75 miles. Iron rail in branches, 374.50 miles.
In addition to the foregoing, the company operates the Dunkirk, Allegheny Valley and
Pittsburgh RR., 104 miles, under lease from December 1, 1872. Separate report is made of
the operations of that road
Rolling Stock. — Locomotive engines, 853. Cars, passenger, 1st class, 503 ; dining, 4 ;
2d class and emigrant, 148 ; baggage, mail, and express, 203 ; 1st class composite, 77 ; freight
(box, 8-wh. 20,901; 4-wh., 832 : platform, 8-w., 3,325; 4-wh., 15 ; cattle, 8-wh., 2,548; oil,
8-wh., 32; coal, 8-wh., 2,738; 4-wh., 1,438), 31,829; conductors', 8-wh., 187; 4-wh, 107;
tool, 8-wh., 91 ; derrick, 8-wh, 21 — total cars, 33,175. Also, 45 narrow-gauge 4-wh. plat-
form cars.
Floating Stock. — Propellers and steam tugs, 12 ; lighters, 2 ; barges, 31 ; canal boats,
5 ; floats, 7 ; scows, 2 ; ferry boats, 6 — total, 65.
The company has 19 machine and car-shops ; 58 engine houses, having stalls for 638
locomotives ; and 5 elevators, having an aggregate capacity for 3,450,000 bushels of grain.
Operations for year ending September 30, 1886. — See tabulated statements.
Earnings.— Passenger $8,786,123 67
Freight 18,476,532 49
Mails and Telegraph 786,147 72
Other Sources 768,044 37
Traffic Earnings ($21,678.05 p.m.) $28,816,848 25
Rents 1,217,563 58
Interest 471,949 09
Expenses.— Maintenance of Way $2,902,684 95
Engines and Cars.-. 2,901,162 18
Fuel— Cost and Labor 1,«58,015 33
Transportation 9,179,522 55
Rents and Miscellaneous 812,575 20
Taxes on Real Estate 1,150,416 39
Total ($22,949.02 per mile) $30,506,360 92 Total ($14,000.03 per mile) $18,610,376 60
198 POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON 11IVER RR. CO.
Net earnings (39 per cent.), $11,895,984.32. Payments : Interest, $3,559,651.12 ; rentals,
$3,482,279.99; dividends, $3,577,132; State tax on earnings, $121,431.82; and on capital
stock, $82,522.88— total, $10,823,017.81. Balance, surplus, $1,072,966.51. Balance from last
year, $10,508,332.39 ; premium on bonds sold, $131,012.50 ; West Shore stock acquired in
accordance with reorganization plan (nominal value), $1,000 ; surplus for year, $1,072,966.51 —
total, $11,713,911.40. Deduct — settlement of old internal revenue claim, $57,546.42 ; Fourth
Avenue improvement taxes, 1879-1880, $182,895.60— total, $240,442.02. Surplus, September
30. 1886, $11,473,469.38.
General Balance Sheet, September 30, 1886.
Roads and Equipment .................. $115,472,778 19
Ditto— for Consolidation Certificates is- j „. .,
8uedinl869
Hudson River Bridges ................. 2,280,878 36
Dunkirk, Alleg. V. and Pbgh. RR ...... '. 2,920,621 09
Geneva and Lyons RR ................... 331,589 93
Real Estate in New York and Troy ...... 1,073,500 36
Stocks, etc., of other Companies ..... 3,469,319 77
Advances on Construction Accounts ..... 65,342 84
Fuel and Supplies ....... ............... 1,470,808 50
Cash and Cash Assets ................... 5,718,814 31
Total Assets $163,961,617 35
Capital Stock $R9. 428.300 00
Funded Debt 56.424,33333
Current Expenses 2.410,521 08
Due Other Roads 1,753,417 54
Interest Due and Accrued 1,387,412 83
Dividends Unpaid 69,52519
Bonds past Due 13.35500
Dividend Payable October 15, 1886 894,283 00
Rual Estate Mortgages 107,000 00
Income Balance 11 ,473,469 38
Total Liabilities $163,961,617 35
" Stocks, etc., of other companies :" Troy Union RR. stock, $15,000 ; Buffalo Cross Town
RR. stock, $12,684.77; Merchants' Dispatch Transportation Co. stock, $1,971,275; Pittsburgh
and Lake Erie RR. stock, $110,000; N. Y. Central and Niagara River RR. stock, $28,100;
Westinjrhonse Air-Brake Co. stock, $18,750; Morris Run Coal Mining Co. stock, $900,000;
Syracuse, Geneva und Corning RR. stock and bonds, $235.510 ; Lamoille Valley Extension
RR. bonds, $175,000 ; West Shore RR. stock (nominal value), $1,000.
Allotment of expenses : To passengers, $5,824,993.50; to freight, $12,785,383.10.
Average number employes, 19,260 ; being at the rate of 13.36 per mile of road worked;
aggregate wages, $10,502,460. 01, or $545.30 each. Payments in wages equalled 56.43 per cent,
of the total working expenses, against 51.09 per cent, in 1884-85.
Statement of funded debt in detail, September 30, 1886 :
Ifew York Central Railroad.
Debt Certificates, or Premium Bonds (6s, 1853-1893) extended for 10
years at 5 per cent., due May 1, 1893, interest June and Dec $6,450,000
Substitution Bonds (for 7s of 1864), due December 15, 1887, interest
6 per cent. June and December 2,391,000— $8,841,000
New York Central and Hudson River Railroad.
First Mortgage, 7 per cent, coupon 30-year Bonds, due Jan. 1, 1903,
interest January and July $8,595,000
First Mortgage, 7 per cent, registered 30-year Bond-, due January 1,
1903, interest January and July 21,405,000
First Mortgage, sterling 6 per cent. 30-year Bonds, due January 1,
190:5, interest January and July (£2,000,000) 9,733,333
Debenture 5 ner cent. 80-year coupon ($6,045,000) and registered ($1,-
805,000) Bonds, due September 1, 1904, interest March and Sep-
tember (authorized $10,00 J, 000) 7,850,000—47,583,333
Total $56,424,333
The first mortgage bonds were issued partly to provide means for retiring certain matur-
ing bonds, and partly to provide means for additional tracks and other improvements. The
mortgage covers the entire road. The sterling bonds of this issue are numbered 1 to 10,000;
are on the official List of the London Stock Exchange, and are also quoted in Dublin and Glas,
gow The dollar bonds fire listed on the New York Stock Exchange. Denominations —
coupon, $1,000; registered, $5,000 and $10,000. Coupon bonds can be converted into
registered bonds without coupons and interest payable to order. The debenture bonds
are of $1,000 each, to bearer, with provision for exchange into registered certificates of $1,000-
$5,000 or $10.000. The original issue was $6,500,000 with the proceeds of which the company's
floating indebtedness was paid pff. During the past year bonds of this issue to the amount of
$1,350,000 were issued to retire the second mortgage bonds then maturing. The unissued
bonds ($2,150,000) a:e held in reserve to retire the substitution bonds of 1887 on maturity.
POOR'S MANUAL— NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 199
Statement of operations, capital account, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Road Owned. . .
Miles of Track Owned . .
Miles of RR Operated. .
Miles of all Tracks
Locom's and Dumm's . .
Pass, and Emig't Cars . .
Basrg., Mail, etc., Cars ..
Freight ( = 8-wh.) Cars .
Capital Stock
765.55
2,196.33
1,001.10
2,520.77
639
438
162
18,249
r
89,428,300
748.74
2,299.39
993.29
2,622.23
646
435
153
21,312
$
89,428,300
748.74
2,33454
965.65
2,657.51
632
438
158
211,291
$
89,428,300
74874
2,361.11
953.00
2,684.88
655
460
176
24,242
$
89,428,300
748.74
2,877.74
953.00
2,702.90
657
495
134
23,669
1
89,428,300
748.74
2,395.12
953.00
2,720.45
657
495
134
28,503
$
89 428 300
748.74
2,406.55
1,829.31
3,449.28
8H
787
203
31,062
$
, 9 428 300
Funded Debt
41,473,033
43,473,033
48,473.n::3
49,997.233
56,497.233
56 424 333
56,424,3?3
Real Est, Mortg's, etc. .
474,936
237,114
218,557
299,995
124,675
174,855
120,a55
Total Capital Acc'nt..
Current&OtherLiabilit's
Income Balance
131,376,269
4,844,504
13,216,848
133,138.447
5,319.569
14 752 665
138,119,890
5,035,813
15,341,056
139,725,528
4,389,248
16,127,199
146,050,208
3,669,957
12,803,405
146,027,488
5.806.334
10 508332
145,972,988
6,515,160
11,473,469
Total Liabilities
149,437,621
153 210 681
158,496,759
160 241 975
162 523 570
162 342 154
163 961,617
Grading and Masonry . .
Bridges
Superstructure
19,635,804
2,587,799
29,488,769
19,8fi3.582
2,620,150
30 438 459
20,310,552
2,703,114
30,700,162
20,766,610
2.857,028
30 795 957
20,885,870
2,887.285
30,878,794
20,069,051
2,K90,814
SO 946 674
20,969,051
2,913,668
30,982,404
Stations, etc
13,061,459
13,885,246
14,237,'J70
14,567,112
14,627,954
14,677,992
14,740,304
Land and L'd Damages..
Locomotives
13,623,354
2,173,737
14,647,543
6,233.237
14.974,645
6,104,737
15,051,523
6,311 »7
15,017,306
6,322,477
15,002,771
6 322 478
15,089,202
6,352,417
Pass, and Baggage Cars.
Freight Cars
1,412,293
11,863.187
1,378,793
13,607,157
1,392,293
14,913,407
1,557.893
15,406,040
1,540,393
15,184,006
1,540,393
15,109,606
1,796,993
15,171,526
Engineering, etc
2,999,473
3,004,980
3,012,326
3,017.888
3,018.289
3,018 289
3,018,289
Floating Equipment
249,960
246,610
239,010
277,745
277,745
277,745
Total N.Y.C.&H.RR.
Rochester & L. O. RR..
Buffalo & N. F. RR
Lewiston RR
100,845,935
150,000
658,921
400,000
105,929,097
150,000
658,922
400.000
108,595,816
150,000
658,922
400,000
110,570,798
150,000
658,922
400,000
110,640,119
150,000
658,922
400,000
110,755,813
150,000
658,921
400,000
111,311,659
150,000
658,921
400,000
Saratoga &H.R.RR...
Syracuse Junction
2,000,000
732,298
2,000,000
732.298
2,000,000
732,298
2.000,000
732,298
2,000,000
732,298
2,000,000
732,298
2,000,000
732,298
Junction, Buffalo
219,900
219,900
219,900
219,900
219,900
219,900
219,900
Total Perm1nt Invest..
105,007,054
110,090,217
112,756,836
114,731,918
114,801,239
114,916,922
115,472,778
Excess of Capital Acct. 1
over Permanent Invest f
26,369,215
23,048,230
25,362,954
24,993,610
31,248,969
31,110,556
30,500,210
Consolidate Cert, of 1869
Other Lines Owned
Overinvestments
Cash and Cash Assets . . .
31,157,904
4,928,053
2,845,490
5,499,120
31,157,904
4,991,883
2,920,333
4,050,344
31,157.904
5,098,287
4,015,557
5,468,075
31,157,904
5,167,468
4,571,413
4,613,272
31,157,904
5,235,124
4,322,147
7,007,156
31,157,904
5,321,051
4,747,545
6,198,722
31,157,904
5,533,089
4,608,163
7,189,683
Total Prop. & Assets..
* Gross Earnings p. Mile
*GroBS Expenses p. Mile
*Net Earnings p. Mile . .
*Expenses to Earnings. .
149,437,621
30,990.70
17,841.91
13,148.79
57.57 p. c.
153,210,681
30,451.43
14,816.28
10,635.15
65.06 p. c.
154,496,759
29,873.47
20,274.90
9,598.57
67.87 p. c.
160,241,975
32.939.75
21,773.97
11,165.78
66. 10 p. C.
162,523,570
27,711.19
18,729.60
8,981.59
67.59 p. c.
162,342,154
23,522.24
17,124.21
6,398.03
72. 80 p. c.
163,961,617
21,678.05
14,000.03
7,678.02
64. 58 p. C.
* On the basis of transportation earnings.
Annual meeting third Wednesday in April. Books close for annual meeting on or about
March 15th, and reopen on or about April 21st. Books close for dividends on the 15th day of
March, June, September, and December, and reopen on the 21st day of April, July, October,
and January. All the stock and bonds listed on Stock Exchange in New York City, and all
of stock and £2,000,000 sterling bonds are lifted on Stock Exchange in London.
Summary of Leased Lines.
Date
Road
Track
Liabilities
Cost of
Lease.
Miles.
Miles.
Stocks.
Bonds.
Total.
etc.
Troy and Greenbush
1851
6.00
12.13
$
275,000
I
$
275,000
$
294,908
Niagara Bridge and Cadandaigua.
1858
98.46
103.96
1,000,000
1,000,000
1,000,000
1871
6.04
12.08
989,000
989,000
989,000
New York and Harlem
1873
134.05
197.64
9,450,000
12,005,000
21,455,000
23,633,0.r8
Geneva and Lyons (operated).
1878
14.12
19.81
15,000
316,890
331,890
331,890
West Shore
1886
448.02
955.89
10,000,000
50,000,000
60,000,000
60,000,000
Total
706.69
1,301.51
21,729,000
62,321,890
84,050,890
86,248,856
200 POOR'S MANUAL— NEW YORK CENTRAL AND HUDSON RIVER RR. CO.
Rentals of leased lines :
Railroads.
Interest on
Bonds.
Dividends
on Stock.
State Tax
on Capital
Stock.
Organiza-
tion
Expenses.
Total
Rentals.
$828,05000
8 p. c
8 p. c
6 p. c
7 p. c
3 p. c
$756,000 00
79,120 00
60,001)00
19,250 00
19,50000
$13,3% 29
1,483 50
1,500 00
480 20
$1,597.44629
f-fl,60350
61,50000
19,730 20
Dunkirk, Allegheny Valley and Pittsburgh.
West Shore 9 Months
203,00060
1,500,00000
$50000
223,00000
1,500,000 00
Totals
$2,531,05000
$933,870 00
$16,859 99
$50000
$3,482,279 99
Statement showing train mileage, average number of passengers and tons of freight per
train, and average number of miles each passenger and ton of freight was carried, for seven-
teen years :
Years Ending
September 30.
Passenger
Train.
Freight
•Tram.
Switch &
Work
Train.
Total.
Average
No. of
Passen-
gers in
Train
Load.
Average
No. of
Miles
Each Pas-
senger
Carried.
Average
No. Tons
of Freight
in Tram
Load.
Average
No. of
Miles
Each Ton
of Freight
Carried.
1870
4,024,178
3,645,690
4,076,800
4,311,884
4,4*5,221
4,5t>3,688
4,743,485
4,594,540
4,888,562
4,842,148
5,086,311
5,135,328
5,448.929
5,801,461
6,425,258
6,215,121
7,918,201
7.405,699
6,986,107
7,911,257
9,<;66,344
9,981,040
8,457,816
9.278,266
9.774,038
11,109,497
12,019.361
11,567,707
12,160,213
10,912,064
11,038.556
10,027,577
11,364.362
12,502,729
2,468,566
2,328,702
2.629,494
3,278,133
4,220.442
4,177,374
4,224.&56
4,154,569
4,401,501
5,079,248
5,508.75!)
6,978,857
7,546,891
7,836,190
7,189,214
7,339,729
8,206,817
13,898,443
12,5)60,499
14,617,551
17,256.361
18,636,703
17,198,878
18,246,607
18.523,147
20,399.560
21,940,757
22,222,777
24,274,398
23,907,884
24,676,207
23.842,049
24,819,212
28,627,747
79
79
78
78 «
79
74
74
69
61
60
65
72
79
74
60
70
60
45
42
44
44
35
36
38
35
33
35
39
41
4-2
40
35
34
32
103
127
129
129
139
166
180
166
183
191
218
217
219
199
196
188
193
186
196
232
225
227
234
246
255
265
254
238
228
211
202
193
198
189
1871
1872
1873
1874
1875
1876 ,
1877
1878
1879
1880
1881
1882. .
1M.. ...... ...
1884
1885
1886
Statement showing tons of freight carried for sixteen years :
scg
S.2
|jjp
g
s •
S •
11
Through Freight.
Way Freight.
Total
Freight
S!
O fc.
s='
h|
tl el
° S
Freight
Moved One
.52
a a>
cs.55
V
O.S
E.-
-a
£2
Moved.
Mile.
g ~
§?««
ri?
ii
2 §*
East.
West.
Total.
East.
West.
Total.
rS O
X C
OP.
O. u
&HOQ
WE-|
WH
p.
M
wH
£
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
cts
cts.
cts.
$
I
S
1870.
5^9,858
£03,215
793,073
1,891,174
1,437,753
3,328.927 4,122,000
769,087,777
1.88
1.15
0.73
1.951.190.76
1871.
648,537
223,430
871,967
2,0r9,308
1,580,781
3,660,089 4.532,056
888,327.865
1.62
1.01 0. Hi 2.07 1 280 79
1872.
628,650
216,515
845,165
2,016,092
1,532,708
3,548.800 4,393,965
1,020,908.8851.59
1.120.472.05 1.450.flO
1873.
880,868
242.254
1,132,637
2,492,034
1,888,068
4,390,087 5,522.724
1.24ti.6r>0.063 1.57
1.02
0.55
2.02 1.320.70
1874.
1,1 66,993
250,173
1,417,166
2,664,689
2.032,823
4,697.512
6,114.678
1,891,060,707
1.460.980.48
2.03 1.370.66
1875.
1,074,649
300,260
1,374,909
2,620,191
2,006,854
4,627,045
ti.001,954
1,404,008,029
1.87.0.900.87
2.11 1.490.62
1876.
1.338,341
329,586
1,667,927
2,899,087
2.236.666
5,135,753
6.803,680
1,674,447,065
1.050. 71 :0.34;i 89
1.280.61
1877.
1,318,648
352,820
1,671,468
2,646,810
8,088,078
4,679,888
6,351.356
1,619.948,685
1.01 0.690. .32
1.08
1.150.53
1878.
1879.
1,888,849
2.100.163
248,402
2r<.).7.-)7
2,131,651
2,379,5)20
3,277,844
3,901.186
2,285,918
2,734.647
6/>35!833
7,695.413
9,015,758
2.042,755,132 0.93 0.59'0.34:i.71
•_V-".>5.S27,387 0.78 0.54 0.24 1 .52
1.100.61
1.050.47
1880.
1881.
8,056|088
357,473
436,497
2,435,0!)9
8,493,085
4 702,098
5,484,870
3,394,941
8,618,484
8,097,939
9,098,894
10,533.038 2,525.139,145 0.87 0.54 0.33 1.92
ll.501.3r1.' 2.6KS1 t.OOS 0.78 0.5(i 0.22 1.70
1. IS 0.74
1.230.47
1882.
1,523.907
582.800
2,106,707
5,297.040
8,926,646
9,223.686
11,880,898
2.394,799.310 0.73 0.60
0.131.62
1.81
0.31
18X3.
1,408,109
361.161
1,813,320
5,539,765
3,539,355 9,079,190
10.802.410
•.'.•-'00.896.780
0.91 0.680. -23
1.8S
1.37
0.45
1884.
1,182,988
812,078
1,495.066
5,365,548
8,&51,804 8.717,852
10,212,418
1,970.087.11:.
0.830.620.21
1.64
1.23
0.41
1885.
1,416.68!
899,810
1,715,897
5,914.786
3,172,274 9,087,060
10,802,957
2.137.821.20.-.
0.680.540.14
1.20
1.01
0.28
1886.
1,416,515
889,890
1,824,905
7,149,934
3,743,262
10,893,196
12.718,101
2,414,266,463
0.760.530.23 1.41
1.02
0.45
Throngh frelgnt— westward, 3.06 per cent.; eastward, 11.29 per cent.; total through, 14.35 per cent, of the whole in
1886. Way freight, 85.65 per rent, of the1 whole in 1886. In addition to pay freight, as above, the company transported
802,532 tons, equal to 98,806,627 tons one mile, for its own use during 1886.
POOR'S MANUAL— NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 201
Statement showing the gross and net earnings, fixed charges, dividend payments and
passenger movement for seventeen yeare :
|8
^S
SjC
Gross
SB
e o>
Net
Fixed
Profit.
Divi-
Passen-
fl) — '
P
fe|
ii
|,
*S
ES
If
^w
Earnings
S «
— -
*s>
wo,
Earnings
Charges
Total.
Per
Share
dends
Paid.
gers
Carried.
^ifes"61^
'5 .
c3 a
C.
II
|3
II
H
Profit pc
Train '.
$
S
$
S
$
$
ct*.
c(g.
etf.
*
9
ft
1870..
22,363,320
62.91
8,295,240
1,433,999
6,861,241
7 67
*6.861,241
7.044.946 321,365,953 2.09 1.59 0.50 1 .67
1.270 ."40
1871.
21,769,015
62.37
8,190.443
904,240
7,286,203
8.14
7,258,742
6,854.234: 288,678,896 2.14 1 .63:0.51 1.70 l.S9l0.41
1872..
25,580,676
64.29
9,134,239 1,162,368
7,971,871
8.91
7,244,832
7,138,779 319,150,800 2.08 1.54!0.54 1.03
1.200.43
1873..
29,126,851
60.57
11,484,8641,961,806
9,523,058
10.64
7,136,790
7,630,741 339,122,0212. 06 1.420.04 l.G>
1.12
0.50
1874..
31,650.387
58.09
13,262,089:3,548.734
9,713,355
10.86
7,136,885
9.878,352 .350,781,541 2.13 1 .33'0.80 1 .61, 1 .05 0.64
1875..
29,027,218
59.46
11,765,110 4,425,914
7,339.196
8.20 t8,920,850
9,422,629 338,934,860 2.14 1.36 0.78 1.59
1.01 0.58
1876.
28,046,588
57.48
11,922,41614,709,340
7,213,076
8.06
7,139,528
9,281,490 353,136,145 1.91 1 .19'0.72 1.42
0.880.54
1877. .
26,579,086
56.23
11.632,924 4,689,577
6,943,347
7.76
7,140,659
8.919,438 316,847.325 2.07 1.14 0.93 1.43 0.78
0.65
1878.. 28,910,555
55.81
12,774.5784,730,132
8,038,4-±6
8.98
7,139,528
8,927,505 300.302.140 2.00 1 .27 0.73
1.230.780.45
1879.. '28,396,584
56.94
12,273.51 1'4,679,025
7,594,486
8.49
7,139,528
8,130,543 290,953,253 2.05
1.20
0.861.880.790.68
1880.. 133,175,913
1881 . . ;32,348,397
53.80
60.17
15,320,0194,756.799
12,883,610 4,99tf783
10.569,220
7,892,827
11.82
8.82
7,141,513
7,138,344
8,270,857:330,802,223:1 .99 1 .26 0.73 1 .30 0.82:0 41
8,900,249 373,768,980 1 .86 1 .22 0.64 1 .35 0.88 0.47
1882.. 30.628,781
63.32
11.232,8075,488,903
5,743,904
6.42
7,145,513 10,308,979 432,243,282 1.80 1.15 O.f>5 1.43 0.92'0.51
1883.. 133, 770,722
61.44
13,020,1275,692,972
7,327,155
8.19
7.148,132 10,746.925 429,385.561 1.981.800.68 1.470.960.51
1884. . 128,148,669
63.41
10,299,356 5,630,596
4,668,760
5.22 7,159,644| 11,057,939 387,829>86 1.941.420.52 1.170.86
0.31
1885.. 124,429,441
66.80
8,110,069 5,933.720
2,176,343
2.43 14,471,415,12,747.801 438.397,774 1.41 1.08-0. S3 1.0o:0.76 0.24
1886..
30,506,361
61.00
11,895,984|7,245,886
4,650,098
5.20
3,577,132
14,662,118
476,128,729
1.84
1.22
0.62
1.10
0.73
0.37
* New York Central paid 4, and Hudson River 8 per cent, t Dividend payments changed in 1875 from semi-
annually to quarterly, making 10 per cent, paid in that fiscal year. $ In 1885 5 per cent, was paid, 3| of which
was charged against earnings, and the balance against profit and loss accounts.
NOTE.— In the statement on page 199 the average earnings per mile and percentages of expenses to earnings
are calculated from actual transportation earnings, which excludes rents, interest, etc. In 1885 and 1886 the
amounts received and paid for car mileage were not included in the earnings and expenses respectively, as previ-
ously, but the excess of paymen^ over receipts, being the debit balance in the account, has been charged to
operating expenses.
Statement showing length of lines operated, stock and bonds, earnings, and freight
movement of N. Y. C. and H. R. RR. Co., from date of consolidation to September 30, 1886 :
Yrs.
Miles
ofRR.
(All
lines
Stock and
Bonds (of
N. T. C. &
H. B., not
Earnings
from
Freight.
Earn-
ings
from
Pass-
Gross
Earnings
Net
Earnings
Tons of
Freight
Moved.
Freight
Expenses
Tons
Moved One
Mile.
Earn-
ings
per
Ton
Exp's
per
Ton
per
Net
Earn,
per
Ton
Oper.)
including
leases).
engers.
per
Mile.
Mile.
per
Mile.
$
$
8
$
$
$
cts.
Ct*.
cts.
1854
804
46,778,863
2,943,966 4,388,820
7,672.320
3,285,461
549,805
1,300,179
99,309.600
2.954
1.309
1.645
1855
804
50,130,609
3,755,3204,456,199
8,385,217
3,775,620
670,073
1,589,912
114.827,792
3.270
1.941
l.'.<29
1856
804
51.501,024
5,052,059 4.308,853
9,613,058
4,276,618
932,844
2,556,«37
165,849.708
3.046
1.542
1.504
1857
804
51,344,637
5,275,876 4,279.950
9,860,667
4,199.204
1,075,589
2,811,203
105,515,934
3.187
1.698
1.489
1858
804
51,185,502
4,244,639 3,515,512
8,164,824
3,515,759
925,604
2,214,001
161,108,043
2.635
1.374
1.261
1859
804
51,218,705
4,049,530 3,646,032
8,043.484
3,615.514
1.093.284
2.399,278
187,291,130
2.1(i2
1.281
0.881
1860
804
51,502.601
4,943,658 3,714,204
9.004,386
3,456,520
1,366,035
3,215,161
239,418,931
2.065
1.343
0.722
1861
804
51,325,701
5,557,0193,353,589
9,298,056
3,227,524
1,537,400
3,768,335
280,127,705 1.984
1.345
0.639
1862
804
51,175.060
7,972,304 3,604,700
11,994,357
5,018,930
1,905,173
4,849.909
357,944,135 2.227
1.355
0.872
1863
804
51,350.331
9,449.554 4,482,817
14,479,533
5.888,474
2,106.571
5,857,43-2
387,387.0('6 2.439
1.512
0.927
1864
804
51,553,079
10,685,672 5,845,116
17,130,490
5,094,039
2,158,972
7,599,345
386,801,761
2.703
1.965
0.798
1865
804
53,544,533
11,000,058 6,621,406 18,427,904
3,689,382
1,767,059
8,190,179
318.732.070 3.451
2.538
0.913
1866
842
54,087.235
12.017.532 6.498,193 19,442,312
4,350,421
2,099,594
6,404,911
388,620.986 3.092
2.163
0.929
1867
842
56,957,320
11,993,008 6,057.824 19.246,614
4,322,405
2,249,363
8,494,061
435,417,629
2.754
1.948
0.806
1868
842
60,346,564
12.479,950 6,064,266 19,904,915
6,370,068
2,562,862
8,206,263
455,046,715
2742
1.803
0.939
1869
842
83,559,440
14,066,386 6,498,408 22.071.074
7,904,512
3,190,840
8,234,318
589.3li2.8-l9
2.387
1.307
0.990
' 1870
842
103,110,137
14,489,217 6,738,592 22,363,^20
8.295,240
4,122,000
8,867,788
769,087,777
1.884
1.153
0.731
1871
845
104,660,049
14,470,402 6,198,828 21,769,016
8,190,443
4,532,056
9,005,812 888,327,865
1.629
1.014
0.615
1872
857
105,924,320
16.259,647 6,662,007 25.580,070
9,134,240 4,393,965
11,531,016 1,020,908,885
1.592
1.129
0.403
1873
858
117,153,a33
19,616,018 6,999,456 29,126,851
11,484,884 5,522.724
12,795,542 1.246,650.063
1.573
1.026 0.547
1874
1,000
127,913,043
20,348,725 7.497,356 31,650.387
13,262,089 6,114,678113,692,877,1,391,560,707
1.402
0.984 i 0.478
1875
1,000
129,431,968
17,899,702 7.276,848 29,057,218
11,765,110
6,001,954
12,039.0051,404,008,029
1.275
0.901
0.374
1876
1,000
129,273,033
17,593,265
6.762.907 2S04I>,.\SH
11,922,416
6,803,680
1 1 ,900.539 1 ,674.447.055
1.051
0.711
0.340
1877
1,000
129.229,533
16,424,317
6,576,81626,579,086
11.632,924
6,351,356
11,3'J9,550 1,619,948,685
1.014
0.699
0.315
1878
1879
1,000
1,000
129.229,533
129,161,808
19,045,830
18,270,2.%
6.022,956 28.910,555
5,953,10228,390.584
12,774,578
12.273,511
7,695,413
9,015,753
12,302,533 2.042,755,132
12,653,127 2,295,-627,387
0.930
0.796
0.002
0.551
0.328
0.245
1880
1881
1882
1,001
933
957
130,901,333
132,901 ,333
137,901,333
22.199,966
20,736,750
17,672,252
6,611,160 88.175,018
6,958.038 32,348,397
7,816.519 30,628.781
ir. 320,019 10,5S3 038
12.8*3,010 11,591 3?9
11,232,80711,330,393
13,670,884 2,525.139,145
14,913,214 2,646,814,098
14,387,381 2,394,799.310
0.879
0.783
0.738
0.541
0.563
0.601
0.337
0.220
1.187
1883
953
139,425,533
20,142,433 8.526.843 33.770,722
13.02:3.128
10,898,440116,171,685 2,200.896,780
0.910
0.680
0.280
1884
1885
1886
953
953
1,329
145,925,533
145,&52,633
145,852,633
10,434,983
14,702,538
18,476,532
7,533.213
6,219,639
8,786,124
28,148,669
24,429.441
30,506,361
10,299,356
8,110,069
11,895,984
10.212,418
10,802,957
12,718,101
12,325,562
11,550,934
12,785,383
1.970.087,115
2,137,824,205
2,414,260,463
0.830
0.080
0.760
0.620
0.540
0.530
0.210
0.140
0.230
202
POOB'S MANUAL OF RAILROADS.
Classification of freight from date of consolidation to September 30, 1888 :
YEARS.
Products
of
Forest.
Products
of
Animals.
Vegetable
Food.
Other
Agricultur'l
Products.
Manu-
factures.
Merchan-
dise.
Other
Articles.
Total
Tonnage.
1854...
45,530
115,417
156,204
10,935
52,244
94,643
74,832
549,805
1855
37,971
131,224
244,605
9,792
60,140
105,312
81,029
670,073
1856
32,21)0
211,212
309.210
29,402
109,550
151,420
89,760
932.844
1857
34,944
239,456
297,709
25,355
109,981
218,494
89,590
1.015.589
1858 ....'...
27,811
231,862
318,781
27,776
72,925
166,781
79.668
925,604
1859
42,651
808,999
272,517
43.869
100,320
2S2,226
92,702
1,093,284
I860
50 398
347 586
380 261
54 953
143 362
270 259
119,216
1 366 035
1861
46,343
402,757
496,384
6«,185
135,204
264,070
126,457
1,557,400
1862
46,583
597,915
531,172
78.456
161,023
336,254
153,810
1,905,173
1863
1864
66,588
99,526
703,633
620,901
438,764
502.752
151,649
125,566
194,679
226.4:^2
417,111
395,148
140.147
188,547
2,106,571
2,158,972
1865
65,098
523.638
380.490
78,717
174,360
346,155
198,689
1.767.059
1866
89,484
498,718
516,071
77,198
212,368
434,801
270,864
2,099.504
1867
109,084
511,028
591,342
87,710
219,674
453.696
276,829
2,249,363
1868
113,478
535,032
702,504
95,121
262,549
386,£>5
467,323
2.562.862
1869
1870
130,509
224,169
592,051
622,744
943.135
1,297,481
99,612
86,168
332,746
381,052
493.794
723,643
588,993
886,733
3,190,840
4,122,000
1871
274,685
708.904
1,459,919
117,627
389,603
626,245
9<i5,073
4.f>:!:> (i5ti
1872
317,727
785,879
1,158,894
249.062
489,720
474,272
918,411
4,393.965
1873
425,115
962,767
1.452,962
172,506
493,935
567,495
1.449,944
5.522,724
1874
458,527
973,6.53
1,678,476
219,815
626,632
538,080
1,619,495
6,114.678
1875 .
3^3.7'OS
832,935
1,669,070
242,750
673,274
560,176
1,640,041
6 001 .954
1876
408,5(i4
827,278
2,100,339
317.710
767,190
546.047
1,S86,552
6.803.680
1877
414,869
855,439
1,787,112
386,146
750,389
575,801
1,581,600
6,351,353
1878
1879
415,565
429,261
1,024.071
1,041,296
2.628,190
3,067,813
597,388
503.669
812.882
1,078,405
542.556
656,774
1,674.751
2.233,635
7,695,413
9.015.753
1880
570.410
1,191.503
3,261 402
491,526
1,556,367
671,630
2,790,200
10 533,038
1881
679.643
853.050
3,183,319
564,471
1,472,581
1,800.630
3,037,685
11. 591,379
1882...
809,526
777.5S9
2.557,959
545,093
1,621,532
1,882,868
3.135,826
11,330,393
1883
829,815
757,401
2,742,620
565,101
1,359,227
1,715,245
2,923,031
10,892,440
1884...
735,455
713.586
2,405,946
558,473
1,413,636
1, 030,650
2,956,672
10,212,418
1885 .. .
786,696
748,235
2,745,335
690,525
1,474,656
1,534,645
2,822,865
10,802,957
1886
1,050,021
817,414
2,097,452
938,458
1,793,572
1,841,498
3,579,686
12,718,101
RAILKOADS LEASED on OWNED BY N. Y. C. & H. R. RR. Co.
AMSTERDAM, GHTJCTANTJNDA AND NORTHERN RAILROAD. -East Amsterdam,
N. Y., to Linseed Oil Works, 1.5 miles. This company owns no equipment. The road is operated by the N. Y.
C. & H. R. RR. as a switch branch, transporting for its owners, who are also owners of the Linseed Oil Works,
theirtfreight to and from the works. Capital stock, $20,000, representing cost of road. JOHN KELLOGG, Presi-
dent; Geo. Kellogg, Svpt. and Treasurer ; John D. Noland, Secretary • A. H. De Graff, Engineer. CORPORATE
OFFICE, Amsterdam, N. Y.
BUFFALO ERIE BASIN RAILROAD.-In the City of Buffalo, from N. Y. C. & H. R. RR., to
Erie Basin Wharf, 0.25 mile. Chartered July 8, 1876. Capital stock, representing cost of road, gl3.503.19. JOHN
TILLINGHAST, Pres., Sec. and Treas., Buffalo, N. Y.
GENEVA AND LYONS RAILROAD.— Geneva to Lyons, 14.12 ; total track, 19.81 miles. Or-
ganized October 5, 1877 ; road opened March 10, 1878. Will be leased and absorbed eventually by the N. Y. C. &
H. R. RR. Co. Capital stock (authorized, $300,000) paid in, $15,000 ; floating debt, advances by N. Y. C. & H. R.
RR. Co., which operates the line, $310,589.93— total, representing cost of road, $331,589.93. CHAUNCEY M. DEPEW,
President; Charles C. Clarke, Vice- President ; E. D. Worcester, Secretary; E. V. Rossiter, Treasurer. COR-
PORATE OFFICE, New York, N. Y.
NEW YORK AND HARLEM RAILROAD.— New York City to Chatham, N. Y., 126.96 ; total
(steel), 187.71 miles. Chartered April 25, 1&31 ; road opened May 10, 1852. Between Chatham and Albany, 24
miles, the Boston and Albany RR. is used. Leased April 1, 1873, to N. Y. C. & H. R. RR. Co. for 401 years, at 8
per cent, on stock, and interest on the bonded debt. The New York and Harlem RR. Co. also owns the Fourth
Avenue (horse) railway in the City of New York, which is operated independently, and pays additional dividends
to stockholders of 2 to 3 per cent. Financial Statement, September 30, 1886.— Capital stock (common, §7,950,600;
terest
5,000 ;
, ,. , .,. , ,,.. and
equipment. $23,088,068.01 : other investments, $6,100; other assets, $93,514.07. Annual meeting, third Tuesday
in May. Books close for annual meeting twenty days prior thereto ; For dividends, fifteen days prior to payment
of same. Bonds (812,000,000) and $10,000,000 of stock listed on New York Stock Exchange. CORNELIUS VANDBB-
BILT, President; E. V. W. Rossiter, Treasurer and Secretary. CORPORATE OFFICE, ^ew York City, N. Y.
NEW YORK AND MAHOPAC RAILROAD.— Golden's Bridge to Lake Mahopac, 7.09 miles.
Organized March 7, 1871 ; opened June 17, 1872. Lea.-ed to New York and Harlem RR. Co.. and transferred with
that line. Rental, 7 per cent, on stock, $265,000. Since technically absorbed by N. Y. and Harlem.
Locomotive engines, 1. 1'assenger car (leased), 1. Gross earnings for year ending September 30, 1886, $2.280;
expenses. $8,224,21; net. earnings, $.V>.7:i. Capital stock fpar, $10), $10,000; Fort Orange Paper Co., $2 500; profit
and loss, $55.79— to i. Ci,,,trn : Cost of road, $2,000 ; equipment. $2,500 ; capital stock not paid in,
$8,000; open aeeoimts. $66.79— total, $12..V>5.79. C. C. WOOLWORTH, 1'rfxident and Treasurer; G. P. Jenks. Vice-
President; C. C. Woolworth, Jr., .SM /</.//;/. CORPORATE OFFICE, Castleton, N. Y.
NEW YORK CENTRAL NIAGARA RIVER RAILROAD.— N. Y. C. & H. R. RR. to Niagara
River, 2.81 ; total track, 3.13 miles. Organized March 20, 1877. Owned by lessees. Capital stock, $28.100, rep-
-POOR'S MANUAL OF RAILROADS. 203
resenting cost. JAMES TIIXINGHAPT, President, New York City ; W. H. Grimes, Secretary and Treasurer.
CORPORATE OFFICE, Lancaster, N. Y.
NIAGARA BRIDGE AND CANANDAIGTTA RAILROAD. -Canandateua to Suspension
Bridge, !)8.46; total track, 103 96 miles. Organized August 25, 1858, as successor to the Canandaigua and Niagara
Falls RR. Co., which was organized March 18, 1851, and road opened April 1, 1854. Leased to N. Y. C. & H. R. UK.
for term ofcharter. Rental, 6 per cent, on $1,000.000 capital stock ; dividends January and July. Cost of ro»d,
$1,000.000. JOHN CROSBY BROWN, President ; Hubbard Hendrickson, Secretary. CORPORATE OFFICE, New
York City, N. Y.
SPT7YTEN DTJYVIL AND PORT MORRIS RAILROAD.-N. Y. C. & H. R. RR. to N. T.
AH. RR., 6; total track. 12.42 miles; Chartered March 4,186(1; opened April 7,1872. Leased November,!,
1871, to N. Y. C. & H. R. RR. in perpetuity, at 8 per cent, on capital stock (par, $100), $989,000. Dividends (Janu-
ary and July, 4 per cent, each), $79,120. Cornelius Vanderbilt, Vice-President ; E. 1). Worcester, Secretary ; C.
C. Clarke, Treasurer. CORPORATE OFFICE, New York, N. Y.
TROY AND GREENBTJSH RAILROAD.— Troy to East Albany, 6 ; total track, 12.13 miles.
Chartered in January ; road opened in June, 1845. Leased June 1, 1851, for $19.250 per annum. Divide-ids, fifth
days of June and December, each 3J per cent., $19,208. Semi-annual dividends of g» per cent, have bee.i paid by
the company for over 20 years. Capital stock (par, £ 50), $274,400. Cost of road, etc. ($49,151.40 per m.), $294,-
908.36. E. THOMPSON GAI.E, Pres.; J. B. Gale, Treas. CORPORATE OFFICE, Troy, N. Y.
WEST SHORE RAILROAD.— Weehawken. N. J., to Buffalo, N. Y., 425.96 miles. Branches : Athens
Dock to Coxsackie, N. Y., 6.16 : Coeyman's Junction to Albany, N. Y., 11.46 ; Fuller's Junction to Schenectady
Junction, N. Y., 4.44-total main line and branches, 448.02 miles. 2d track, 350.41 ; sidings, 157.46 miles. Gauge,
4 ft. 8i in. Rail (steel, 902.47), 67 Ibs.
History.— The New York, West Shore and Buffalo Ry. Co. was formed on the 14th of Juns. 1881, by the
consolidation and merger of the North River RR. Co., and the (first) New York. West Shore and Buffalo Ry. Co.
The former of these was itself a consolidation (May 5, 1881) of the Jersey City and Albany Ry. Co (organized in
January, 1879), owning a line from Weehawken, N. J., to Fort. Montgomery, N. Y., 33 miles, and the North River
Ry. Co., which had been organized in 1880 in the interest of the New York, Ontario and Western Ry. Co. to build
a line from Fort Montgomery to Albany with a branch to Middletown, a total of about 165 miles. The latter
(N. Y., W. S. & B. Ry.) company had been organized February 18, 1880, and proposed building a trunk line be-
tween New York and Buffalo. By agreement with the New York, Ontario and Western Ry. Co., the section of
this line from Weehawken to Middletown, 77.5 miles, was built by the Ontario and Western Co., for which
said company received $10,000.000 of the 1st mortgage 5 p»r cent, bonds, and $2,367,000 of the stock of the New
York, West Shore and Buffalo Ry. Co. The sections' from Cornwall to Albany and Buffalo were built by the North
River Construction Co., as contractor. On October 1, 1883, the road was opened from Weehawken to Syracuse,
and on the 1st of January, Ih84, through trains were run to Buffalo.
Default was made in January, 1884, and receivers were appointed June 9, 1884. Road sold under foreclosure
November 24, 1885, and transferred by the purchasing committee to the present company, organized December
5, 1885. Leased for 475 years from January 1, 1886, to the New York Central and Hudson River RR. Co., the
rental being interest on bonds.
Under an agreement made January 1. 1886. the New York, Ontario and Western Ry. Co. transferred to the
purchasing committee all stocks and bonds of the West Shore and Ontario Terminal Co. and of the New York,
West Shore and Buffalo Ry. Co.. and relinquished all claims against both companies, being relieved in turn of all
liability on account of the joint lease with the New York, West Shore and Buffalo of the Terminal Co.'s property
and the guarantee of its bonds, which guarantee is cancelled. The Middletown Branch was transferred to the
Ontario and Western, and that company has trackage rights till May 12, 2079, over the road from Cornwall to
Weehawken for through Ontario and Western business exclusively, at a rental based on car mileage. See
MANUAL for 1886, page 489.
Of the main line, 52.88 miles, from Weehawken, N. J., to Cornwall Junction, N. Y., and the Middletown
Branch, from Cornwall Junction to Middletown, N. Y., 24.6 miles, were formerly leased to the New York. Ontario
and Western Ry. Co., subject to this company's right of trackage over the line from Weehawken, N. J., to Corn-
wall Junction, N. Y., at a rental of 25 per cent, of gross earnings and all expenses of maintenance.
Shortly after the opening of the West Shore road the Construction Company was placed in the hands of a
receiver, its debts aggregating $5,000,000, of which $1,000,000 was secured, and $4.000,000 unsecured. The
claims of the construction company against the N. Y., W. S. & B. Ry. Co. were acquired by the purchasing corn-
mil tee for $6,000,000 4 per cent, guaranteed bonds. From the proceeds the secured debt is settled dollar for
dollar cash, and the unsecured debt at fifty cents on the dollar.
The Saratoga and Hudson River Ry., known as the Athens Branch of the New York Central and Hudson
River RR., was leased from that company in 1882 for a period 475 years, the rental being commuted for the entire
period for $400,000.
Operation* from October 1 to December 5, 1885.— Train mileage— passenger, 390,219 ; freight, 340,347 ; other,
142,483 total, 873,049 miles. Passengers carried, 203.138: carried one mile, 13.712,400; average mile rate, 1.60
cents. Tons of freight moved, 431,409 ; moved one mile, 88,193,783 ; aver.-ige ton-mile rate, 0.44 cent. Earnings —
passenger, $219,888.29; freight, $384.031.51 ; mail and express, $10,189.15; other, $9,115.93— total, $623,224.88.
Expenses— maintenance of way, $87,529.0(> ; equipment, $152,475.44: transportation, 58400,428.84 : general, $139,-
106.58 ^terminal, $170,153.28— total, $949,693.20. Deficit ($326,468.32, less jentals^ received, 836;179.22),_ $290,289.-
ai:
de
and Hudson River RR. Co.*
financial Statement, September 30, 1886.— Capital stock (par, $100), $10,000,000 : first mortgage bonds, $50,-
000,000— total stock and bonds, $60,000,000. The cost of road to the old company to September 30, 1885, was $101,-
552.4S7.83.
The bonds are dated January 1, 1&86, due in 475 years, and bear interest at the rate of 4 per cent, per annum,
payable January and July, at office of New York Central and Hudson River RR. Co., New York. They are
$1,000 coupon bonds, with provision for exchange for registered certificates of $500, $1,000, $10,000, and $50,000.
They are secured by mortgage on 448.02 miles of main and branch lines and on the rolling stock previously cov-
ered by car trusts ; also on tne terminal property in Weehawken, through ownership of all the stock and bonds of
the West Shore and Ontario Terminal Co. Trustee : Union Trust Co., New York.
The holders of old first mortgage bonds of the New York, v\"est Shore and Buffalo Ry. Co., who assented to
the plan of reorganization, received one new bond for two old bonds ; the rest of the new issue, amounting to
$25,000,000, was applied to the expenses of reorganization, the retirement of receiver's certificates and other liens
prior to the old fir-t mortgage, the settlement with the North River Construction Co., the purchase of rolling
stock previously covered by car trusts, and the acquirement of the terminal property at Weehiiwken.
Under the terms of the lease to the New York Central the principal and interest of these bonds is guaranteed
by that company, such suarantee bein<r indorsed on each bond. The capital stock was delivered to the lessee
as a consideration for the lease and guarantee.
204
POOR'S MANUAL OF RAILROADS.
WEST SHORE AND ONTARIO TERMINAL COMPANY OF NEW YORK AND NEW
JERSEY.— This company was formed on the 13th of June, 1883, by the consolidation of the National Stock
Yurd Co., and the Midland Terminal and Ferry Co. with the Open Cut and Generaj Storehouse Co., ihe name of
the latter company being retained until June 19 of same year, when the present title was adopted. The Ferry
Co. and the Open Cut Co. had been organized with power* to hold and improve lands for commercial purposes on
the Hudson River and elsewhere, and to operate a ferry between Weehawkenand New York. In the consolida-
tion the stocks of the Stock Yard and of the Ferry Companies were exchanged for the stocks of the new cor-
poration, the Ontario and Western and the West Shore Railway Companies being equal owners. On July 13,
1883, the property was leased to the two railway companies for 99 years. Entire lease assumed by West Shore Co.
January 1, 1886. Capital stock, 84,723,100 ; funded debt, §10,000,000 flrst mortgage 5 per cent., gold, 40-year
bonds, "due August 1, 1923, interest February and August, principal and interest guaranteed by the West Shore
Company. Trustees, C. M. Depew and J. P. Morgan. C. M. DEPEW, President ; E. V. W. Rossiter, Secretary
and Treasurer. Office, Grand Central Depot.
Board of Directors West Shore SB. Co., elected April 20, 1887.
C'rnersVanderbilt.New York, N.Y.
Wm. K. Vanderbllt.New York, N. Y.
F. W. Vanderbilt..Nevv York, N. Y.
Ashbel Green Tenafly, N. J.
Chaun'y M. Depew. New York, N. Y.
J. Hood Wright . . .New York, N. Y.
J. P'r'nt Morgan. .. New York, N. Y.
Edward D. Adams. New York, N. Y.
Charles C. Clarke. .New York, N. Y.
Charles Lnnier — New York, N. Y.
Horace J. Hayden.New York, N. Y.
Samuel F. Barger. .New York, N. Y.
Charles Edward Tracy New York, N. Y.
CHAUNCEY M. DEPEW, President, New York, N. Y.; Ashbel Green, Vice-President^ Tenafly, N. J.; E. Vr. W.
Rossiter. Secretary and Treasurer; J. D. Layng, General Manager. PRINCIPAL OFFICE AND ADDRESS, Grand
Central Depot, New York City.
Board of Directors N. Y. C. & H. R. RR. Co., elected April, 1880.
CORNELIUS VANDERBILT. Chairman of Board New York, N. Y.
Cyrns W. Field . . . New York, N. Y.
William Bliss Boston, Mass.
Cor'linfVanderbilt.New York, N.Y.
Wm. K.Vanderbilt.New York, N. Y.
Fred.W.Vanderbilt.New York, N.Y.
Cha'cey M. Depew. New York, N.Y
Charles C. Clarke.. New York, N. Y.
Horace J. Haden. .New York, N. Y.
Samuel F. Barger. .New York, N. Y.
J. Pierpout Morgan. New York,N.Y.
Erastus Corning Albany, N. Y.
Sherman S. Jewett. . .Buffalo, N. Y.
George C. Buell Rochester, N. Y.
CHADNCEY M. DEPEW, President New York, N. Y.
Secretary— Edwin D. Worcester New York, N. Y.
Treasurer- -E. V. W. Rossiter New York, N. Y.
Asst. Treaf. — John Carstensen New York, N. Y.
Asst. Gen. Supt. — Theodore Vorhees.New York, N. Y.
1st Vice- President— Chattes C. Clarke. New York, N.Y.
2d V.-Pr.& G. Tr.Mqr.—K. 3. Hayden.New York, N. Y.
Anst. to Pres.— James Tillinghast New York, N. Y.
Gen. Supt.—John M. Toucey New York, N. Y.
Comptroller— Isaac P. Chamber!" New York, N. Y.
PRINCIPAL, OFFICE AND ADDRESS Grand Central Depot, New York City.
NEW YORK CITY AND NORTHERN RAILROAD COMPANY.
Main Line of Road.— High Bridge, N. Y., to Brewster's, N. Y 52.90
Leased : West Side and Tonkers RR. 1.16 — 54.06 miles.
2d track, 1.16 ; sidings, 12.57 miles. Gauge, 4 ft. 8| in. Rail (steel, 46.36 miles), 56 & 60 Ibs.
History. — This company was organized February 18, 1878, and acquired under lease the
New York, Westchester and Putnam RR. The West Side and Yonkers RR. extends from
junction with Metropolitan Elevated Ry. near end of Eighth Avenue, to junction with N. Y.
C. & N. RR., near High Bridge. The stock and bonds of the W. S. & Y. RR. Co. have been
retired by exchange for stock and bonds of the N. Y. C. & N. RR. Co., with exception of 100
shares of stock. When these shall have been exchanged, the road will be merged into this
company.
Rolling Stock. — Owned: Locomotive engines, 8. Cars — passenger, 8; baggage, mail,
etc., 3; freight (box, 29 ; platform, 11; coal, 74), 114 ; caboose, 1— total, 126. Leased:
Locomotive engines, 9. Cars — passenger, 12 ; baggage, mail, etc., 2 ; freight (box, 44 ; stock
5 ; coal, 75 ; flat, 25), 149 ; caboose, 1— total, 164.
Operations for year ending September 30, 1886.— Train mileage— passenger, 244,431 ;
freight, 116,178 ; other, 29,575— total, 390,184 miles. Passengers carried, 1,111,049 ; carried
one mile, 7,686,844 ; average mile rate, 2.24 cents. Tons freight moved, 309,255 ; moved
one mile, 11,567,577 ; average ton-mile rate, 2.99 cents.
Earnings.- Passenger $172,339 24
Freight 846,07090
Mail 3,035 76
Miscellaneous 1,905 33
Total ($9,680 93 per mile) $523,351 23
Expenses,— Transportation g238,8f>0 35
Motive Power and Cars 47,525 81
Maintenance Way and Buildings 78,797 90
General 47,091 17
Total ($7.626.25 per mile) $412,275 23
POOR'S MANUAL OF RAILROADS. 205
Net earnings (21.22 per cent.), $111,076 ; other income, $116.50 — total available revenue
$111,192.50. Payments: Eental, West Side and Yonkers Railway, $1,000; taxes on property,
$10,316.13 ; other taxes, $2,50449— total, $13,820.62. Surplus over operating charges, $97,-
871.88. Fixed interest charge on bonded debt for year, $240.300. Deficitof income, $142,928.12.
General Balance Sheet, September 30, 1886.
Cost of Road $5,944,392 79
Cost of Rolling Stock 186,717 49
W. S. & Y. RR. Improvements 137,409 16
Stocks and Bonds Owned 1,532,500 00
Materials and Fuel on Hand 26,099 29
Agents and Current Accounts 240,118 06
Cash on Hand 71,513 59
Profit and Loss— Interest on
Bonds to Sept. 30, 1886. . . . $1,301,642 50
Less Net Earn, from Oper'g. 67,884 46— 1,233,758 04
Capital Stock (par, $100) $2,990,000,00
Funded debt Outstanding 3,961 ,000 00
Interest on Bonds Due and Accrued 1,181,662 50
Current Accounts 87,232 96
Audited Vouchers and Pay Rolls 188,229 77
Loans and Bills Payable l 013,183 69
Fractional Bonds 1,199 50
Total Assets $9,372,50842 Total Liabilities $9,372,50843
Funded debt : $264,000 1*4 mortgage 7 per cent, coupon 30-year bonds, due May 1, 1908,
interest payable (Co.'s office) May and November ; $3,697,000 consolidated mortgage '6 per
cent. 30-year bonds, due May 1, 1910, interest payable (Co.'s office) May and November.
Bonds of the consolidated mortgage are reserved in the hands of the trustees thereof for
redemption of the $264,000 7 per cent, bonds outstanding.
Of the funded debt $500,000 were issued in acquisition of N. Y , W. & P. RR. interest ;
$1,142,500 in acquisition of W. S. & Y. RR., and the remainder for construction.
Toward the close of 1881 the company executed H new second mortgwge to secure an issue
of $2,000,000 6 per cent. 30-year bonds, none of which have been issued.
On the 1st of May, 1882, the company made default in the payment of interest ou its 1st
mortgage consolidated bonds, and on the 24th of the same month the road was placed in the
hands of a receiver.
Annual meeting, second Tuesday in January. Consolidated mortgage bonds ($4,000,000)
listed on New York Stock Exchange.
A plan of reorganization has been agreed upon which calls for the issue of $1,200,000
1st mortgage 5 per cent. 40-year bonds to retire present 7s, provide for construction of
Yonkers Branch, etc. ; $3,200,000 2d mortgage income 4 per cent, bonds, part to be dis-
tributed to holders of present 6 per cent, bonds at the rate of 75 per cent, of their holdings,
and the balance to the New York Loan and Improvement Co. ; $6,000,000 preferred stock,
$4,066,700 of which to be distributed pro rata among holders of 6 per cent, bonds, and the
balance reserved for future use; and $3,000,000 common stock in exchange for present stock,
which will have to pay an assessment of $10 per share. The board of directors shall consist
of thirteen members, six chosen by the New York City and Northern and six by the New
York Loan and Improvement Co., those twelve to choose the other members.
RAILROADS LEASED OR OWNED BY THE NEW YORK CITY AND NORTHERN RAILROAD Co.
MAHOPAC FALLS RAILROAD.— Mahopac Mines to Baldwin Place, 4.05 miles. Sidings, 0.45 mile.
Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Capital stock, $50,000 ; loans and bills payable, $21,894.68— total, $71,-
8114.68. Cost of road, $71,894.68. Annual meeting, second Monday of March. Directors : William F. Buckley,
H. M. Braem, Arthur F. Wendt, Wm. F. Bridges, C. Littlefleld, New York, N. Y.; A. W. Humphrey, Brooklyn,
N. Y.; llenry Briusmade, New York, N. Y. WILLIAM F. BUCKLEY, President ; H. M. Braem, Treasurer ; Arthur
F. Wendt, Secretary. CORPORATE OFFICE, 69 Wall Street, New York.
NEW YORK, WESTCHESTER AND PUTNAM RAILWAY.— High Bridge, N. Y., to Brews-
ter's, N. Y., 51 miles. This company is a reorganization of the New York and Boston RR. Co., which was organ-
ized May 21, 18<i9. Considerable grading and other preliminary work was done on the line of this road (New York
to Brewster's Junction, 58 miles) prior to its consolidation into the New York, Boston, and Montreal Ry. Co. The
New York and Boston was first consolidated with the Dutchess and Columbia (constructed) and the Putnam and
Dutchess (projected) under the name of the N. Y., Boston & Northern Ry. Co., that consolidation having been
eifected December 18, 1872, and on January 21, 1873, this consolidated company (N. Y., B. & N.) was merged into
the N. Y., Boston and Montreal. In March, J87(>, the N. Y., B. & M. having become bankrupt, the underlying
mortgages on the various roads forming the consolidation were foreclosed and the company was reorganized under
name of N. Y., Westchester, and Putnam Ry. Co., the certificata of such reorganization having been filed July 3,
1877. Road opened throughout, December 1, 1880. Leased for 50 years from Mitrch 1, 1878, to the New York City
and Northern RR. Co. By the terras of the lease the stock and bonds of this company were to be exchanged for
206 POOR'S MANUAL OF RAILROADS.
those of the N. Y. C. & N. Co. at the rate of 30 per cent, thereof in stock and 22^% per cent, of 30 per cent, (which
equals 6^$% per cent.) of the N. Y. C. & N. Co. Of the stock of this company all has been so exchanged except
$90.112.50. Capital stock, $1,733,287.50. Property acquired under foreclosure, $1,733.287.50. ANDRKW V. STOUT,
President ; Joseph Seligman, Treasurer: Calvin Goddai-d, Secretary. CORPORATE OrrrcE, Pier 40 East River, '
New York, N. V.
WEST SIDE AND YONKERS RAILROAD. -Junction Metropolitan Elevated Ry. to Junction
N. Y. C. & N. RR., near High Bridge, N. Y., 1.16 miles. Chartered July 21, 1879. Leased to N. Y. C. & N. RR.
Co. May 1, 1880. All the bonds of this company— $1,142,500 1st mortgage 6 per cent. 30-year registered bonds, due
1910 — are held for cancellation by the Central Trust Co. of New York, having been exchanged by the holders for
bonds of the N. Y. C. & N. Co. Of the $400,000 stock issued, $300,000 has been exchanged for stock of the lessee
company. When the remaining 100 shares are exchanged the road will be merged into the N. Y. City and North-
ern. Capital stock ($390,000 retired), $400,000 ; funded: debt (all retired), $1,142,500 ; due lessee, $35.909.16 ; rental.
$3,000— total. $1,081.409.16. Contra: Cost of road, $1,679,781.34; City of New York, $1,027.82. R. M. GAT.LA-
WAY, President ; C. Goddard, Secretary and Treasurer. CORPORATE OFFICE, Pier 40 East River New York, N. Y.
Board of Directors 2V. Y. C. & N. ER. Co., elected January 11, 1887.
R. M. Gallaway. . . .New York, N. Y.
James M. Randall.. New York, N. Y.
A. M. Billings New York, N. Y.
George J. Forrest. .New York, N. Y.
J. J. McCook New York, N. Y.
Wm. H. Hallister..New York, M. Y.
H. K. McHurg New York, N. Y.
R. C. Livingston. New York, N. Y.
H. P. Dimock New York, N. Y.
George F. Stone... .NewYork, N. Y.
John J. Waterbury. New York, N. Y.
George Lespenasse.New York, N. Y.
Joseph 8. Stout NewYork, N. Y.
R. M. GALLAWAY, President New York, N. Y.
Joel B. Erhardt, Receiver and General Manager New York, N. Y.
Sec. and Treasurer— C&\\\n Goddard. .New York, N. Y. I Gen. Supt.—E.. B. Edwards High Bridge, N. Y.
PRINCIPAL OFFICE AND ADDRESS Pier 40 East River, New York, N. Y.
NEW YOEK, LAKE EEIE AND WESTERN RAILROAD COMPANY.
Main Line of Road. — Jersey City, N. J., to Dunkirk, N. Y ............... 459.39 miles.
( Piermont : Suffern to Piermont ......................... 17.97
•n -i J Newburgh : Greycourt to Newburgh ................... 18.73
: ) Buffalo : Horneilsville to Attica .................. ..... 60.00
L Conesus : Conesus Lake Junction to Conesus Lake ....... 1.61 — 98.31 miles.
Leased Lines ............................................................ I,012.r6 miles.
Operated Lines ...... . ................................................... 89.07 miles.
Total length of all lines operated September 30, 1886 .................... 1,609.43 mile?.
2d track (main line, 331.89 ; branches, 120.53), 452.42 miles ; sidings (main line, 295.39 ;
branches, 245.96), 541.35 miles ; total track, main line and branches, 2,028.15 miles. Sidings,
etc., N. Y., P. & 0. RR. and branches, 249.19 miles. Total track, all lines, 2,852.39 miles.
Gauge, 4 ft. 8J- in. Rail (steel, main line, 790.07; branches, 592.60; N. Y., P. & O. RR.,
539.97— total, 1,922.64 miles), 56 to 65 Ibs.
History.— The New York and Erie RR. Co. was chartered April 24, 1832, to build a line
of railroad from Piermont to Dunkirk, N. Y., a distance of 446 miles. Construction was
commenced in 1836 on a section of 10 miles nearest Piermont, and one of 41 miles from Dela-
ware to Callicoon Creek. In the same year the credit of the State was granted to the com-
pany to the extent of $3,000,000. In September, 1841, the first section from Piermont (the
eastern terminus provided by the first charter) to Goshen was opened. The company become
ing embarrassed, the undertaking was placed in the hands of assignees, under whose manage-
ment the road was opened to Middletown, January 3, 1843. The cost to February 1, 1844,
was $4,736,949, of which $2,599,514 were derived from the State loan. In 1845 the State
released the property of its mortgage, provided the company should complete the road to
Lake Erie in six years, and the old stockholders surrendered one-half of their stock. The
amount necessary to complete the road was estimated at $7,000,000. Construction was re-
sumed and the road opened to Port Jervis, January 6, 1848 ; to Binghamton, December 28,
1848 ; to Elmira, October 10, 1849; to Hornellsville, September 3, 1850; and to Dunkirk,
April 22, 1851. The Newburgh Branch was opened in 1850. The gauge of the road when
opened was six feet.
The lines between Jersey City (Long Dock) and Suffern, viz., the Paterson and Hudson,
Paterson and Ramapo, Union, and Long Dork, are leased in perpetuity, and form a part of the
POOR'S MANUAL— NEW YORK, LAKE ERIE AND WESTERN RR. CO. 207
main line. The Erie International Railway connects the Buffalo Branch with the Inter,
national Bridge crossing the Niagara River.
In 1859 the road and property of the New York and Erie RR. Co. were placed in the
hands of a receiver for non-payment of interest on its funded debt. A reorganization was
had under the name of the Erie Railway Co., the articles of association being h'led June 25,
1861. The principal change then made in its financial condition was the conversion of un-
secured bonds, amounting, with interest, to $8,535,700, into preferred stock.
In May, 1875, the road and property of the company were again placed in the hands of a
receiver for non-payment of interest on its bonds.
Statement of miles of track on all roads operated :
LINES OF ROAD.
MILES OP ROAD.
Date of
Open-
ing.
Date of
Dease
Annual
Rental
Charged.
N. Y.
N. J.
Penn.
Ohio.
Total.
Owned.
Main Line
Piermont Branch
M.
386.36
17. 9r
M.
M.
42.14
M.
N.
428.502
17 970
1851
$
Newburgh Branch
18.73
18.730
•
Buffalo Branch
60.00
60.000
Conesus Lake Branch
1.61
1.610
i882
(1848
•U834
f 1852
1867
1869
1868
1866
1881
1885
1868
1862
1872
1872
Total owned
Leased.
Paterson and Ramapo RR J
Paterson and Hudson RR >-
1852
If52
1852
1872
1872
1868
1866
1881
1885
1882
lase
1869
Ifc69
30,000
48.400
3,500
17,000
21,500
35,000
17,500
12,000
484.67
0.79
10.22
30.09
42.14
526.812
30.885
10.220
11.650
10.909
12.590
10.000
0.433
10.220
15.610
8.180
36.690
2.360
Union RR ." )
Montgomery and Erie RR
Goshen and Deckertown RR
11 65
Put'n, New'k and N. Y. RR
10 91
Newburgh and New York RR
12.59
Bergen County RR
10.00
Bergen and Dundee
0 43
Middletown and Crawford RR
10 22
10,500
50.000
21,000
140,000
Hawley Branch
15.61
Honesdale Branch
8.J8
Jefferson Branch
36.69
Hoosie and Pa* ke Branch
2.36
Buffalo, B'dfd and Pittsburgh RR...
7 99
18.18
26.170
139.703
22.250
1.138
1866
1853
1871
1856
1863
1870
40,600
238,100
70,000
Buffalo, New York and Erie RR
139.70
Suspension Bridge & Erie June. RR.
Erie and Black Rock RR
22.25
1 14
Lockport and Buffalo RR
15.00
15.000
18.401
17.700
68.390
388.036
33.780
2.650
125.160
2.090
1870
1854
1859
1875
1865
1865
1865
1851
i879
1871
1S59
1880
1883
1883
1883
1880
1880
21,000
34,012
15,000
Rochester & Genesee Valley RR
18.40
Avon, Geneseo & Mount Morris RR. .
Buffalo and Southwestern RR
N. Y., Pennsylvania and Ohio
17.70
68.39
49.21
"92!i4'
33.78
'246! 69'
32 p. C.
Franklin Branch
Silver Creek Branch.
2.65
125.16
Cleveland and Mahoning RR
357,180
Westermann RR
2.09
Sharon Ry
16.14
16.140
J- 7.195
1876
1872
1880
1883
38,341
Youngstown and Austintown
3.87
3.33
Manning Coal
Total leased.
385.25
53.79
0.23
222.81
381 .70
1,043.550
0.227
Operated.
New York and Fort Lee RR.
1868
1872
186S
1869
1809
1874
Ic. p. t. p.m.
1,458
22,500
35 p. c.
35 p. c.
Newark and Hudson RR
5 62
5.618
Weehawken Branch
3 31
19.84
3.312
Northern RR. of New Jersey.
1.44
4 38
21.286
4.378
1859
Nyack and Northern RR
Erie and International RR
4.25
4.250
1874
Total operated..
10. or
29.00
39.071
Grand Total..
879.99
82.79
261.95
381.70
1,609.433
•
On the 24th of April, 1878, the road, property and franchise were sold under foreclosure,
and a reorganization completed under the name of the New York, Lake Erie and Western
RR. Co., by the filing of articles of association on the 27th of same month. By the terms of
reorganization an assessment was laid on the common stock to the amount of $4 and $6 per
208 POOR'S MANUAL — NEW YORK, LAKE ERIE AND WESTERN RR. CO.
share — holders paying $4 to receive back their stock ; those paying $6 to receive back their
stock and income bonds equalling the amount of the assessments paid. The assessments on
the preferred shares were $2 and $3 respectively — those paying $2 to receive back their stock;
those paying $3 to receive back their stock and income bonds equalling the amount of the
assessments. The total amount of income bonds so issued was $508,008.75. The new
(present) company took possession of its road June 1, 1878. The assessments on the stock
were carried to a special fund for the improvement of the road. The length of roads
owned and operated at that time was 525.69 ; the length of leased lines, 400.84 miles — making
total length of road and branches 926.53 miles. Since then the company has added through
lease. or other contract the following lines to its system : Lockport and Buffalo, 13.89 miles,
September 15, 1880; Buffalo and Southwestern, 68.89 miles, August 1,1880 ; Bergen County,
10 miles, October 1, 1881 ; Middletowii and Crawford, 10.22 miles, January 30, 1882 ; the
New York, Pennsylvania and Ohio, 572.86 miles, May 1, 1883; and in 1886 the Conesus Lake,
1.61 miles, the Erie and Black Rock, 1.14 miles, and the Hoosie and Parke Branch, 2.36
miles.
The tracks of the Cleveland, Columbus, Cincinnati and Indianapolis are used to gain
entrance into Cincinnati, under a contract dated January 3, 1886. At the same time arrange-
ments were made fen- through car service between New York and Peoria, 111., the Erie cars
to run over the Indiana, Bloomington and Western Ry. from Springfield, O., to Peoria, 111.
A proposition looking to the reorganization of the Chicago and Atlantic Ry. Co. and the
adjustment of the differences between it and the Erie has been submitted to the security
holders of the former company. The proposition involves the leasing of the Chicago and
Atlantic Ry. to the Erie, who will guarantee interest on a new issue of .1st mortgage bonds
of the Chicago and Atlantic. (See statement for CHICAGO AND ATLANTIC RY. Co.)
For further particulars in reference to the leased and operated roads, see statements for
the several companies, appended hereto. In addition to lines of railroad in the above table,
the Erie Company controls the Erie and Wyoming Valley, New York, Lake Erie and Western
RR. and Coal Co. and the Barclay C«al RR.
The laying of the third rail, giving the standard gauge from Jersey City to Buffalo, was
completed December 24, 1878. During 1885 the last of the third rail remaining on the road
was removed, and the whole road is now of standard gauge.
The Erie Ry. Co. many years since obtained control of coal lands in Jefferson, Elk
and McKean Counties, Pennsylvania ; also, control of mineral rights of about an equal num-
ber of acres. All these lands (about 36,000 acres) were heavily timbered. To secure the
advantages which this control afforded as a means of obtaining a plentiful supply of fuel,
as well as of increasing its traffic, the company constructed in 1882, under the charter of the
N. Y., L. E. & W. RR. & Coal Co. (which see), an extension of the Bradford Branch from Craw-
ford Junction to its coal fields. Under the provisions of a contract with the Pennsylvania
RR. Co. the latter constructed in 1883, as an outlet for the latter line, an extension of its
Philadelphia and Erie Division, under the charter of the Ridgeway and Clearfield RR. Co.,
from Ridgeway to Brockwayville, 19.59 miles, and completed it during the year 1884 to a con-
nection with the Allegheny Valley RR. (low grade) at Fnlls Creek. (See MANUAL for 1883,
page 173 ; MANUAL for 1884, page 164, and MANUAL for 1887, General Index.) At about the
time of obtaining control of the bituminous coal lands referred to above, the Erie Ry. Co. also
became largely interested in the anthracite coalfields of the Wyoming Valley, in the neighbor-
hood of which there are extensive mines which produce annually large quantities of coal. To
secure the large volume of traffic offered by these mines and properties, the company was
largely dependent on connecting roads— the Jefferson RR. and the Delaware and Hudson Canal
and Pennsylvania Coal Companies' lines. In 1882 a contract was made with the latter com-
pany for the use of their lands and planes over the mountains, and on the 6th of November,
same year, the Erie and Wyoming Valley RR. was organized. Under this charter the line
was completed during the fiscal year 1881. (See MANUAL for 1883, page 173, and MANUAL for
1887, General Index.)
POOE'S MANUAL — NEW YORK, LAKE ERIE AND WESTERN RR. CO.
209
The Buffalo, Rochester and Pittsburgh RR. Co. uses part of this company's track under
contract. (See statement of B., R. & P. RR. Co., also MANUAL for 1883, pages 173, 174 and
175, for terms of this contract.)
The contract with Delaware and Hudson Canal Co. having expired, a new one to run for 5
years from April 7, 1885, was made, embracing largely the features of the old one, the Canal
Co., however, to pay a reduced rate of trackage on the Jeffereon Branch. An agreement was
also made whereby this company is released from the payment of interest which it has here-
tofore made to the Canal Co. under its guaranty of Boston, Hartford and Erie bonds.
Rolling Stock, September 30, 1886 :
N. Y., L. E. & W.
Owned.
Leased.
Total.
N. Y., P. & O.
Totals.
Owned.
Leased .
Total.
Owned.
Leased.
Total.
Locomotives, Eight Drivers
140
43
197
50
'"30
190
43
227
30
18
148
20
60
18
148
170
61
345
70
240
«1
375
Locomotives, Six Drivers
Locomotives, Four Drivers
30
Total
380
246
86
107
80
29
460
275
86
109
196
59
43
44
20
216
59
43
44
576
305
129
151
100
29
676
334
129
153
First-class Passenger Cars
Second-Class Passenger Care
Baggage, Mail & Ex. Care
2
2
Total.
439
9,084
321
2,753
1,509
149
50
109
31
6,456
969
6,920
523
3
2
2
• 470
15,540
1,290
9,643
2,033
152
52
111
146
1,447
151
{• 2,552
16
108
17
146
3,397
500
3,501
16
10S
17
585
10,531
472
6,784
165
158
126
31
8.406
1,318
8,392
3
2
2
616
18,937
1,790
15,176
168
160
128
Box'Freight Cars
1,950
349
949
Stock Freight Cars
Coal Freight Cars
Flat Freight Care
Caboose, Four- Wheel Cars,
Caboose, Eight- Wheel Cars
Service Cars
Total
13,945
14,875
28,820
4,291
3,243
7,539
18,236
18,123
36,359
Operations for year ending September 30, 1886
N. Y., L. E.
& W.
N.Y., Pa. &
0.
Total.
N. Y., L. E.
& W.
N. Y., Pa. &
O.
Total.
Miles Operated..
Train Mileage :
Passenger
Freight
1,034.38
4,153,890
7,384,814
2,717,690
575.05
1,632,892
4,378,379
1,257,123
1,609.43
5,786,782
11,763,193
3,974,813
Earnings :
Passenger
Freight
Coal
8
3,443,771 81
8,639,214 67
5,168,96533
616,326 53
442,216 81
$
1,397,11858
3,473,600 63
1,065,705 93
147,943 84
76,737 74
$
4,840.890 39
12,112,81530
6,234,671 26
764,270 37
518,954 55
Other .
Mail & Express.
Other
14,256,394
6,261,118
183,204,462
8,008,158
4,798,760
12,806,918
963,170,998
1,095,223,021
2,058,394,022
1.865 c.
1.665C.
0.200 C.
0.767 c.
0.537 c.
0.659 c.
0.448 c.
0.211 c.
7,268,394
1,465,933
72,933,025
2,061,298
3,800,023
5,8til,321
198,809,732
625,107,372
823,917,104
1.916 c.
1.159 c.
0.757 c.
0.5r>5 c.
0.536 c.
0.550 C.
0.396 C.
0.154 c.
21,524,788
7,727,051
256,137,487
10,069,456
8,598,783
18,668.239
1,161,980,730
1,720,330,396
2,882,311,126
1.899 c.
0.704C.
0.537 c.
0.637 c.
Total
Passenger Traffic:
Passengers
Mileage
18,310,495 15
2,409,751 26
1,556,050 09
2,954,291 34
4,899,994 53
459,319 64
6,161,106 72
714,815 06
389,33394
1,351,92766
1,624,10584
29,048 78
24,471,601 87
3,124.566 32
1,945,384 03
4,306,219 00
6,524,100 37
488,368 42
Expenses :
Maint. of Way.
Maint. of Cars. .
Motive Power..
Transportation
General
Freight Traffic:
Coal — tons
Freight — tons ..
Total— tons . .
Total
12,279,406 86
6,031,08829
4,109,231 28
2,051,87544
1,971,554 14
10,754 99
7,173 19
3,581 80
66.69 p. c.
16,388,638 14
8,082,963 73
1,971,554 14
15,276 70
10,230 81
5,04589
66.97 p. C.
Total— miles..
Average Hates :
Per pass.— mile.
Expenses do. . .
Net earnings do.
P.ton— m.(iiids.)
P.ton— m. (coal)
P.ton-m.(allfgtj
Expenses
Net earnings...
Net Earnings
PaidN.Y., P.&O.
Per Mile:
Gross Earnings.
Oper, Expenses.
Net Earnings . . .
Expenses to Earn.
17,793 94
11,93299
5,86095
67.06 p. C.
Net income to Erie, $6,111,409.59; add other receipts, $946,459.64— total available
revenue, $7,057,869.23. Deduct interest on funded debt (except 2d consols), rentals of leased
lines, and other charges, $5,027,414.28 ; interest on 2d consolidated mortgage bonds, $2,015,-
844; total, $7,043,258.28. Surplus, $14,610.95.
14
210 POOR'S MANUAL— NEW YORK, LAKE ERIE AND WESTERN RR. CO.
General Balance Sheet, September 30, 1886.
Capital Stock, Common (par, 8100) 877,303,700 00
Capital Stock, Preferred (par, $100) 8,147,400 00— $85,451,100 00
Funded Debt Outstanding September 30, 1886 78,500,385 10
Due Coal Companies owned by the New York, Lake Erie and Western RR 40,125 58
Overdue Coupons, 2d consols— Outstanding, unfunded 73,788 00
Bills Payable, Secured by Mortgages on Real Estate 21,000 00
Sundries 79,274 21
Total Deferred Liabilities 214,18779
Interest on Funded Debt, due and accrued 1,875,875 57
Unpaid Dividends on Preferred Stock 7,638 00
Rentals of Leased Lines, due and accrued 611,342 39
Interest other than on bonds of company 197,91107
Due Other Roads, 81,000,387.57 ; less due from other roads, 8187,564.30 : balance due by Company 812,823 27
Pay-Rolls for September, payable in October • 1,018,525 88
Audited Vouchers for Supplies, etc 813,498 75
Miscellaneous Current Liabilities 184,670 00
Assessments, Interest, etc., on Common & Preferred Stock, invested in Permanent Improvements 3,284,451 47
Sinking Fund, Prior Lien Bonds 100,000 00
Balance Profit and Loss September 30, 1886 4,522,596 27
Total Liabilities $177,095,005 56
The Estate of the Erie Railway Company $146,291,027 85
Construction Main Line 4,918,417 08
Betterments to Branch Lines 684,64314
Third Rail, General Account 931,122 83
Equipment 5,526,50919
Real Estate 736,35402
Mortgages on Real Estate assigned to Trustee "129,500 00
Elevatoi at Buffalo 805,542 87
Lehigh Docks at Buffalo 137,96372
Erie Coal Docks atiBnffalo 203,344 52
Weehawken Docks at Jersey City 42,077 08
New York and Fort Lee Railroad r 25,346 45
Improvements at Union Stock Yards, 40th Street, New York City 81,565 92
Union Bolt Works Property, Paterson 2,282 29
Erie Express Equipment 199,101 11
Amounts Paid on Account of Equipment. 2,745,361 49— 162,910,159 51
Investments in Stocks and Bonds of Other Companies 3,423,035 09
Advances to Coal & RR. Union Steamboat and Other Companies 2,573,404 84
N. Y., Pa. & Ohio RR. Co., for Permanent Improvements and Betterments Under Lease 62,147 92
Bills Receivable 149,80783
Materials and Supplies on Hand 079,62475
Due from Agents and others for Transportation 2,022,926 38
Current Accounts, $593.955.65 ; less due by the Company on similar accounts, $198,159.02 395,796 63
Cash on Deposit in New York and in London to pay coupons 886,793 11
Marine National Bank ... $150,99362
Chicago and Atlantic Railway Company 1,844,97096
Other Companies for Advances 510,313 41
N. Y., L. E. & W. Coal & Railroad Co., Operating and Interest Account 808,534 44
Sundry Individuals and Companies 288,098 97— 3,052.911 40
Discount on Stock and Bonds 792,838 10
Commissions and Expenses extending N. Y. & E. 3d Mortgage Bonds 145,560 00
Total Assets $177,095,005 56
Preferred stock is entitled to 6 per cent, dividends if earned. Dividends (34 per cent,
each), on the preferred stock were paid for the years ending June 30, 1872 and 1873, and for
the half year ending December 80, 1873. A dividend of 1J per cent, on the common stock
was paid for the year ending December 31, 1872, and 1 per cent, for half year ending June
80, 1873. Dividends of 6 per cent, each were paid on the preferred stock during the three
fiscal years, 1882 to 1884.
The assessments paid upon the stock to September 30, 1886, have been as follows : Pre-
ferred stock— $3 per share, on 23,372[ shares, $70,116.75 ; $2 per share, on 58,245 shares,
POOR'S MANUAL — NEW YORK, LAKE ERIE AND WESTERN RR. CO. 211
$116,490. Common stock— $6 per share on 72,982 shares, $437,892.00; $4 per share on 697,-
806 shares, $2,791,224. Total number of shares paying assessments was 81.557J of preferred,
and 770,888 of common. The total amount realized was $3,415,722.75, and adding interest
$3,792,459.47. Of this sum $3,205,958.68 were applied to the improvement of the road,
and $586,357.93 to the charges of reorganization and expenses in London, leaving unapplied
$442,86. Holders of 9,163 shares of common and 3,802 of preferred failed to pay assessments
on same. Of the common stock ihus delinquent 5,000 shares were sold in 1880-81, and the
proceeds of sale placed to credit of company.
Profit and Loss Account for the Tear ending September 30, 1886.
RAILROADS, OTHER PROPERTY AND
ACCOUNTS.
GROSS
RECEIPTS.
PAYMENTS.
BALA VCE.
Expenses.
Rentals.
Interest.
Profit.
Loss.
N. Y., L. E. & W. RR
S
18,310,49515
6,161,10672
45,035 84
53,196 48
16,879 17
113,30897
2.12,521 50
11,79994
23,409 02
2,679 R5
81095
6,331 25
428.394 74
28,436 78
$
12,279,406 86
4,109,231 28
"'15,494 98
85,224 81
308,14352
16,538 40
33,376 77
10,583 45
2,46492
19,471 65
$
1,215,819 50
1,971,554 14
35,000 00
70,00000
$
4,775,578 39
$
39,690 40
80,321 30
10,03584
'1,38419
$
N Y , Pa & Ohio
'"16,803 52
Paterson and Newark RR
Su.sp. Bridge and Erie Junction RR
Erie Buildings
Elevator and Docks (Buffalo)
28,08416
"l5,62262
11,73846
68,282 58
7,903 60
1,653 97
13,14040
Pavonia Ferries
Pavonia Horse RR
7,00000
Weehawken Docks
58,314 83
Brooklyn Annex
Unclaimed Baggage and Freight Dept.
Twenty-third Street Property
Interest on Securities, Loans, etc
Rents and Expenses of Stock Yards...
428,394 74
28,436 78
Long Dock— Rents and Expenses
Buffalo and Southwestern RR
Interest on Equipment, Mortgages, etc.
State (N Y , N J & Pa ) Taxes
11,851 63
40,722 52
47,500' 00
289,314' 68
11,851 63
6,777 48
289,314 68
102,82320
2,66994
48,421 19
3,666 12
24,26000
28852
22241
102,823 20
2,669 94
48,421 19
3,666 12
Claims prior to October 1, 1885
Railway Commissioners. Expenses
Commissions,^ etc , Bond Account..
24,26000
N. Y.,L.E.&W.D'ks & Im.Co.,Rts & Ex.
• 28852
22241
Totals
25,546,980 51
17,062,288 02
3,839,873 64
5,130,207 90
628,199 04
14,610 95
613.588 09
Surplus from last year, $4,511,723.32 : surplus for 1886, $14,610.95— total, $4,526,334.27. Paid back dividends
Surplus to credit of profit and loss, September 30, 1886, $4,522,596.27.
Statement of funded debt, September 30, 1886 :
DESCRIPTION OF BONDS.
DATE.
INTEREST.
AMOUNT
OUTSTAND-
ING.
ANNUAL
CHARGES.
Issue.
Maturity.
Rate.
Payable.
First Mortgage
Second Mortgage
May 1,1867 May 1, 1897
Sept. 1, 1879 Sept. 1, 1919
Mar. 1, 1883 Mar. 1, 1923
Oct. 1, 1880 Oct. 1, 1920
June 1, 1858 June 1, 1888
July 1, 1801 July 1, 1891
per cent.
7 currency..
5 gold
4|gold
5 gold
7 currency. .
7 currency. .
M. & N.
M. & S.
M. & S.
A. & O.
J. & D.
J. & J'y.
$
2,482,000.00
2,149,000.00
4,618,000.00
2,926,000.00
709,ftOO.OO
182,600.00
$
173,740.50
107,450.00
207,810.00
146,300.00
49,665.00
12,782.00
Third Mortgage
Fourth Mortgage
Fifth Mortgage
Buffalo Branch Mortgage
First Consolidated Mortgage
Sept. 1, 1880
Sept.l, 1880
Dec. 1, 1879
Dec. 1, 1879
Sept. 1, 1920
S.-pt. 1, W20
Dec. 1, 1S169
Dec. 1, 1969
Dec. 1, 1908
Nov. 1, 1922
Dec. 1, 1969
June 1, 1977
7 gold.
7 gold.
6 gold.
6 gold.
6 gold.
6 gold.
5 gold. ..
M. & S.
M. & S.
J. & D.
J. & D.
M. & N.
M. & N.
J. & D.
13,067,100.00
16.890,000.00
3,705,977.10
25,000,000;00
8,597,400.00
2,500,000.00
4,273,000.00
3,957,900.00
508,008.00
697,74^.00
1,182,300.00
259,418.39
1,500,000.00
515,544.00
150,000.00
*272,374.00
197,895.00
First Consolidated Funded Coupons. . .
Second Consolidated Mortgages
Second Consolidated Funded Coupon. .
Reorganized 1st Lien, from Nov. 1, 1881
Collateral'Trust
Nov. 1, 1882
Dec. 1, 1885
Funded Coupon Bonds of 1885.
Income Bonds
Totals .
78,499,385.10
1,000.00
4,775,578.39
Collateral Trust bonds to be Redeemed,
Interest ceased Feb 12, 1886
78,500,385.10
Interest on $5,000,000 to February 12, 1836, $110,000 ; on $4,273,000 rest of year, $162,374.
212 POOR'S MANUAL— NEW YORK, LAKE ERIE AND WESTERN RR. CO.
The first consolidated mortgage bonds are of $1,000 each, and to bearer, with provision
for registration of principal of coupon bonds. The first consolidated funded coupon bonds
are of $500 and $1,000, to bearer, with provision of registration of principal of coupon bonds,
and are secured^by lien of first consolidated mortgage above. The second consolidated six
per cent, bonds are of $500 and $1,000, to bearer, with provision for registration of principal
of coupon bonds. Provision is made in the mortgage securing these bonds that in the event
of default in the payment of interest no proceedings to enforce same can be instituted until
the company fails to pay interest on six successive due dates of coupons.
The income bonds bear interest at the rate of six per cent, or of such lesser rate for any
fiscal year as the net earnings of the company, as declared by the board of directors and ap-
plicable for that purpose shall be sufficient to satisfy. Interest at full rate was paid in 1881-
82, 1882-83, and 1883-84.
The collateral trust bonds may be called for redemption at 10 per cent, premium, at any
time before maturity, on three months' notice. Trustee, United States Trust Co., of New
York. Secured by deed of trust covering certain bonds and stocks representing interests of
this company in branch lines, coal properties, terminal facilities and improvements connected
with the lines of its railroads.
The amount of stock in following table for years 1880-82 represents only that exchanged
to close of fiscal year. The total amount of capital stock issued to September 30, 1886, is as
given, $85,451,100 ; amount of assented stock unissued, $289,400; amount on hand subject
to sale (common, 4,162, and preferred, 3,862— total, 7,964 shares), $796,400. Total amount
authorized, $86,536,900.
In June, 1884, the company defaulted in the payment of interest on its second consoli-
dated mortgage bonds, and subsequently on the rental due the Buffalo and Southwestern and
the interest on certain classes of car trusts.
An adjustment of the two latter defaults was afterward effected — in the case of the Buf-
falo and Southwestern RR. by the payment of the rental in dispute, the Erie also securing a
modification of the lease by the reduction of the rental charge from 35 per cent, of its gross
earnings to27i per cent. , with the condition that should such percentage be insufficient to pro-
vide for the interest charges on the Buffalo and Southwestern bonds, the Erie should make
good the deficit.
Under the original agreements governing the car trusts there was payable in 1885 on ac-
count of principal and interest, $1,201,200. The company, however, proposed to holders of
those securities that no drawing of principal should be made in 1885, that one per cent, each
should be made on that account in 1886 and 1887, two per cent, each in 1888 and 1889, and
not less than 5 per cent, yearly thereafter. The company further agreed to pay the interest
regularly on condition that the rate on series F and Q should be reduced to 5 per cent. This
proposition has been accepted by nearly 92 per cent, of the holders, and interest payments
have been made to them regularly since.
In order to provide for the company's floating debt, the board of directors decided at a
meeting held November 19, 1885, to issue $7,000,000 bonds of the Long Dock Company, but
on the condition that the holders of the second consolidated mortgage bonds, and of the second
consolidated mortgage funded coupon bonds receive payment in cash of the December, 1885,
coupon, and fund those of June and December, 1884, June, 1885, and June, 1886, into a gold
bond maturing in 1969, bearing 5 per cent, interest, and secured by a deposit with the Farm-
ers' Loan and Trust Co. of the coupons thus funded, which will preserve all their original
lien.
This condition proving acceptable to a majority of the holders of those bonds, there have
been issued $3,957,900 funded coupon bonds of 1885, due December 1, 1969, interest 5 per
cent., payable June and December. These bonds are of $1,000 each, are redeemable at any
time at 105 and interest, and are secured as stated above. Farmers' Loan and Trust Co.,
trustee.
The Long Dock bonds were issued shortly after the above funded bonds. See statement
for Long Dock Company.
POOR S MANUAL — NEW YORK, LAKE ERIE AND WESTERN RR. CO.
213
Statement of operations and revenue for seven years :
1880
1881
1882
*1883
1884
H885
H886
Miles Operated
952.4
3,280.45
8,171,90
2,841,519
14,293.87<>
5,491,43
180,460,204
4,067,574
432.329.^39
4,648,318
1,288,782,256
8,715.892
1,721,112,095
$
3.682.951
3 191 61"
979 7?
1,029.08
3,54(1.055
8,660,98
3,176.404
15,292,49
5,784,19
225.130,88,
6,104,672
611,07(1,12
5,790,566
1,343,313,58.
11,895,238
1,954,389,710
S
4,384,510
4,939,37:
9,702,755
438,50
175,054
335.58
1.295.8
4,349,744
10,940,03«
4,817,28
19,107.063
6.934,72
247,147,11
6,925,469
679,482,310
6,685,154
1,627,514,582
13,610.623
2 30C (H() S')'
1,601.88
5,324,a37
11, 767,7415
3,929,875
21,022,457
6,734,045
235,105,058
7.872,330
791,840,278
8.347,268
1,707,048,698
16,219.598
2,498,888,970
8
4,675,871
5.154,679
10,618,327
503,883
211,422
473,354
1,601.88
5,259,764
IO,502,4T/
8.444,608
19.206,82'
7,20!),054
250,635,115
7,833,448
860,696,068
7,126,521
1,531,082,845
14,959,970
2,381,778,92'
$
3.986,793
4.769,53i.
9,043,717
480,334
225,723
428,474
1,609.48
5.786,782
11.763.193
8,974.813
21,524,788
7,727,051
256,137,487
10,089,4."6
1,161,980,730
8,598,783
1. 720,330,3%
18,668,239
2,882,311,128
8
4,393,813
5,893,645
11,001,263
476,256
240,6:2
494,399
Passenger Train Miles..
Freight Train Miles
Other Train Miles
Total Engine Miles
Passengers Carried
Passenger Miles
3,476,62!)
9,112,08«
8.816,56?
15,905,282
6,144,158
200,483,990
5.518,850
574. 533 237
5,567,973
1,409,861,618
11,086.823
1,984,394,855
$
4,041,267
4,!- 53,427
11,126.149
384,346
167,4(50
142,956
Coal, Tons Moved
Coal (ton) Miles
Freight, Tons Moved. . .
Freight (ton) Miles... .
Total Freight Tons
Total Ton-Miles
Passenger Earnings
Coal Earnings.
$
4,632.22<)
General Freight Earn'gs
Express Earnings. .
11,199,498
338,60~
163.772
116,404
12,150.59"
475,476
191,15:
289,7G"
Mail Earnings
Rents and Miscellan'ous
Gross Traffic Earnings..
Transportation Expen's.
Net Traffic Earnings
Other Receipts
18,693,109
11,643,925
20,915,605
13,256,230
10,975,77
13,088.094
*22,802,247
15,444,58:
*21,637,435
16,358,078
*18,934,573
14,347,517
*22,500,048
16 388,638
7,049.183
783,957
7,459,375
844,306
6,877,68^
780,65
7,357,664
876,799
5,279,357
1,077,626
4,587,056
1,002,692
6,111.410
946,459
Available Revenue . . .
7.833,110
3,963,873
406,381
200,098
699,984
772,183
+ 1,790,621
19,625 31
12,224 59
7,40072
62. 29 p. c.
2.041 c.
0.836 c.
525.69
539
240
74
97
20,731
8,303.681
4,148,743
361.366
3^6,364
712,002
807,713
+ 1,887,418
21,144 20
13,530 50
7,613 70
63. 99 p. c.
2.016 C.
0.805 c.
525.69
544
230
78
102
23,220
7,668,335
4,316,368
325,361
427,941
704,361
727,662
+ 1,166,662
19,476 78
12,770 90
6,705 88
65.50 p. c.
1.947 c.
0.749 c.
525.69
564
255
79
106
28,881
8,234,463
4,546,396
352,239
573,413
721,003
792,927
+ 1,265,485
*17,595 82
11,918 13
5.677 69
*67.73 p. c.
1.968 c.
0.780 c.
525.69
785
272
130
158
37,640
6.356,9s3
4,605,487
332,484
479,368
723,053
915,214
- 698,62:!
*13,507 44
10,211 74
3.295 70
*75.60p.c.
2.188 c.
0.685 c.
525.69
805
331
129
156
37,080
5,589,748
4,605,487
308,039
416,810
722,803
913.552
- 1,376,943
*11,82014
8,956 62
2,86352
*75.77 p. C.
1.756 c.
0.628 c.
525.04
795
327
129
157
37,109
7,057,869
4,775,578
65,315
298,315
1,215,819
C88,2«l
+ 14,611
*1 4,045 94
10,230 81
3,815 13
72. 84 p. c.
1.899 c.
0.636 C.
526.81
676
334
129
153
36,359
Interest, Funded Debt..
Interest, Guaranteed
Int'st, Loans and Migs.
Lease Rentals
Other Payments
^Balance ( + or — )
Earnings per Mile
Gross Expenses per Mile
Net Earningsper Mile..
Expenses to Earnings. .
Earnings p. Pacs. p. Mile
Earnings p. Ton p. Mile
Miles of Road Owned. . .
Locomotive Engines . . .
Pass'r Cars. 1st Class
Pass'r Cars, 2(1 Class
Bag., Mail & Ex. Cars . .
Freight, Coal, etc., Cars.
Total Revenue Cars.
Common Stock
21,129
S
75,879,300
7,367,700
23,630
$
76,943,100
7,632,200
29,321
$
77,087,600
7,987,500
38,200
$
77,150,600
8,134,800
37,696
$
77,192,100
8,140,800
37,722
$
77,223,100
8,145,800
36,975
S
77,303,700
8,147,400
Preferred Stock.
Total Stock
83,247,000
2.482,000
2,150,000
4,a52,000
2,937,000
709,500
182,600
16.656,000
3,699,236
24,400.000
8,597,400
508,009
84,575,300
2,482,000
2,150.000!
;4,852,000
2,926,000
709,500
182,600
16,656,000
3,702,157
24.400,000
8,597.400
508,009
85,075,100
2.482,000
2,149,000
4,852,000
2,926,000
709,500
182,600
16,656.000
3,704.629
25,000,000
8,597,400
508,009
2,500,000
85,285,400
2,482,000
2,149.000
4,618,000
2,926.000
709,500
181,600
16,890.000
3,704,629
25,000,000
8,597,400
508,008
2,500,000
5,000,000
85,332,900
2,482,000
2,149.000
4,618,000
2,926,000
709,500
182,600
16,890,000
3,705,977
25,000,000
8,597,400
508,008
2,500,000
5,000,000
85.368900
2,482,000
2.149.000
4,618,000
2,926,000
709,500
182.600
16.890,0001
3,705,977
25,000,000
8,597,400
508,008
2,500,000
5,000,000
85,451,100
2,482,000
2.149.000
4,618,000
2,926,000
709,500
182,600
16,890,000
3,70o,!!?7
25,000,000
8,597,400
508,008
2,500,000
4,274,000
3.957,900
First Mortgage Bonds. . .
Second Mortgage Bonds
Third Mortgage Bonds. .
Fourth Mortgage Bonds.
Fifth Mortgage Bonds . .
Buffalo Branch Bonds...
Consol. Mortgage Bonds
Fund'd Coup. (1st Cons.)
New 2d Cons. Mtg. B'ds.
Fund'd Coup. (2dCons.)
Income Bonds
Reorg. 1st Loan Bonds .
Col. Trust Bonds . ...
Fund. Coup. Bds. of 1885
Total Bonds
67,173,745
67,165,666
70,267,138
75,267,137
75,268,485
75,268 485
78,500,385
Total Stock & Bonds
150,420,745
151,740,966
155,342,238
160,552,537
160,601,385
160,637,385
163,951,485
* In 1883 all the traffic operations of the N. Y., P. and O. RR. were included in those of the Erie, while only
68 per cent, of the earnings and expenses of that line were included. In the years following, although the returns
are given separately, the same form is preserved in this table for the purpose of comparison. In 1883 the actual
percentage of all working expenses to all earnings was 64.78 ; in 1884, 69.52 ; in 18a5, 69.79, and in 1886, 66.97 per
cent. In 1883 the entire gross earnings per mile were, $i8,396.3S ; in 1884, $14,687.95 ; in 1885, $12,832.09, and in
1886, $15,276.70.
t From the total surplus at the close of each of the past four fiscal years were paid— In 1881-82, interest on in-
come bonds at 6 per cent., $30,480.53 ; dividend on preferred stock at 6 per cent., $454.340 ; in 1882-83. income
bond interest, $30,480.44 : preferred stock dividends (6 p. c ), $485,028 : sinking fund reorganization flrct lien
bonds, $100,000 : in 1883 84, income bond interest, $30.480.48 ; preferred stock dividends (6 p. c.), $488,208 ; in
1884-85, old dividends, $14,376 ; in 1883-86, old dividends, $3,738.
214 POOR'S MANUAL — NEW YORK, LAKE ERIE AND WESTERN BR. CO.
Statement phowing miles of road operated. Ptock and debts, earnings, freight moved,
etc., etc., from the opening of the N. Y. & Erie RR. iu 1852 to September 80, 188(5 :
Y'r.
Mil's
Stock and
Debt.
GROSS EARNINGS.
Net
Earn'gs.
Tons
Moved.
Freight
Expense.
Ton
Miles.
PER TON MILE.
Freight.
Pas'ger.
Total.
E'ngs
Exps.
Profit
$
$
8
$
1
$
cts.
cts,
CtP.
1852
465
37.0J53.913
1,8*3.198
1,882,637
3,537,766 1,703,598
456,460
991,323
96,697,095
1.948
1.026
0.932
1853
498
33,578,907
2.537,215
1.601,209
4,318,9621,911,589
631.039
1,398,040
101,620.522
2.406
1.277
1.319
1854
498
35,569,711
3,659.590
1,743,379
5,359,9582,617,343
743,250
1,838.353
130.808.034
2576
1.406
1.170
1855
49S
87.343,895
3,653,002
1,698,670
5,488,993 2,833,249
842,055
1,913,053
150,673.997
2.424
1.155
1.269
1866
498
38,352,768
4,545,733
1,655,675
6,349.050 5,237,997
9a3.221
2,144.780
183,45S,<'43
2.477
1.169
1.808
1857
498
39,081,469
4,097,610
1,495,361
5,742,606
1,897,794
978,069 1,486.846
165,100,850
2.457
0.817
1.560
1.-58
468
39.079,087
3,843,310
1,182,258
5,151,616 1,470,940
816,9li4
1,076.137
165,895.6:56
2.316
0.649
1.667
1859
559
38,401,300
3,195,869 1,154,087
4,483,149 1,507,421
869.072
1,967,239
147,127.0:59
1.621
1.344
0.377
1880
559
40,076,630
3,884.343 1. 180,957
5,180.322! 1,903.326
1,139.554 2.143,525
214,084.396
1.814
1.001
0.813
1861
559
40,076.630
4,351,464
1,130,046
5,590,917 3,048,034
1.253,419, 2,336.!i34
251,350,127
1.771
0.929
0.843
1868
559
40,385,365
6,643,915 1,096,197
7,863,973 3.992,642 1,632,955; 3.358,346
351,092.285
1.892
0.956
0.936
1863
634
40,060,300
8,432.3341.670,083 10,246,1173.043,829) 1,815,09(5 3.893,681
403,070,861
2.088
0.964
1.134
1864
634
42,051,700
9,855,088 2,52:!,005^ 12,551.4804,704,490 3,170,798 6.147,831
422,013,644
2.335
1.456
0.879
1865
624
47,467,378
10,736,364
4.450.209 15,300.575 4,483,385 2.234.350 7,718,542
388,557,213
2.761
1.984
0.777
1866
77:5
51,113,250
11,611,023
3,593,960 15,373,809 4. 183.959
3,242,792 7,914.825
478,485,773 2.437
1.654
0.77'3
1867
773
51,065,943
11,204,689
2,931,833 14,317,213:4,005,096 3,484,546! 8.092,079
549.888.422 2.038
1.472
0.566
1868
773 74,594,746
10.780,976
3.531.504
14,376,872 3,244,5:-3 3.908,243 7,971,121
595,699,225 1.810
1.339
0.469
1809
888101,986,710
13,583,794
4,043,040
16,721,500.3,462,234
4,312.209 9.500.030
817,829,190 1.539
1.171
0.368
1H70
846 106,935,710
11,983,547
3,968,899
16,179,461 4,106.450: 4.852,5051 8,767,482
898,862,718 1.333
0.975
0.358
1871
814;112,935,710
12,861,999 3,972,064
17,168,0054,721,649 4,844.208 9,087,621
897,446.7281 1.433
1.013
0.420
1872
959 115,449,311
14,509,745 3,329,346
18,871,8876,777,888
5,564,374 9.306.177
950.708,902 1.526
0.979
0.548
1873
959 137,168,125
15,015,8073.651.554
20,012,606!6,371,964
6,313.703 9.033.510
1,032.986,809 1.454
0.933
0.531
1874
950 1:54.665,927
13,740,042 :5,705,574
18,598,898
5,03.% 160
6.864.270 9.558.951
1,047,420.238 1311
0.913
0.398
1875
943 142,330,365
12,387,3993,461,304
16.87'6,858
4,197,7271 6,239,943 9,647,7861,016,618,050
1.209
0.949
0.260
1876
957
141,967,784
11,429,929 3,427,620
15,852,471
3,621,2591 5,972,818 9,807,8851,040,481,981 1.098
0.885
0.213
1877
957
142,695,940
10,647,807 3,230,090
14,708,890
3,809.050 6,182.451 8.384.8381,114.586.320 0.955
0.752
0.203
1878
928
152.031.300
11,914,489
3,070,121
15,644,978
5,009,114
6,150,488 8,859,8141,884,768,718 0.973
0.674
0.399
1879
928 94,310,064
12,233.481 3,118,944
15,942,023
4,767,324 8,212,641 8,797.237'1.569,222.417 0.780
0.561
0.219
1880
953 150,688,345
14,881,1153,682,951
18,693,108
7,049,18,3 8.715,892 9,188.9971,721,118.098
0.836
0.534
0.302
1881
980 151.740,966
15,979,5774,041,267
20,715,605
7,459,375 11,080.823 10.500.264 1.984.394.855J 0.805
0.529
0.276
1882
1,039 155,342,238
14,642,128 4,384,510
19,975,774 K,887,680 11,895,238 10.284.454:1,954.389,710 0.749
0.526
0.223
18s3 1,(K9 1B0.553.M7
15.502.141 4,134,971
20,598,571 7,019.872 ll.!.65,490 10.526.223 1.979.44S.428 0.786
0.532
0.254
1884
1885
1,029
1,029
160.601,385
160,037,385
12,903,157 3,676,657
11,071.701 3.106.708
17,618,9765,549,63911,071,938 9.318,952 1,194.946,519 0.719
15.49i>,4564.826.877 10.253.489 8.008.201 ! 1 .687.546.688 0.656
0.519
0.475
0.200
0.181
1886
1,039
163,951,485
13,572,140
3,443,772
18,310,495
6,031,088
12,806,918
9,040,286
2,058,394,022
0.659
0.448 0.211
Classification of freight from opening of road to September 30, 1886 :
YEAR.
Forest
Prod'ts.
Animal
Prod'ts.
Vegetable
Food.
Agricul-
tural.
Manufac-
tures.
Mer-
chand'e
Coal.
Other
Articles.
Total
Tonnasje.
1852. . .
76.908
124,087
135,757
118,435
116,378
126,093
98,660
97,754
118,890
108,685
99,077
103,008
104,069
99,865
173,409
197.715
316,123
191,639
198,620
201. -,'72
279,725
227,112
18-1,464
179.514
19.-..805
220.aS7
200,231
218,153
386,551
5UV.H-J
650.278
785,244
632,865
593,721
697,763
75,493
99,755
136,449
155,698
170,099
145,957
178.076
170,322
201,823
200,757
299,715
338,551
280,733
249,230
314.40S
295.671
280,116
273,548
271.345
319,785
301.509
:«f).16S
2!;5.5S2
288.88(1
341,5*0
385,779
433,674
460,221
509.948
538,595
49S..M3
687,668
624.1(9
559,461
570,354
56,929
80,808
99,->93
116.093
148,943
120,617
154,534
112,726
197,233
243,959
261,82-4
228,632
215,986
212,677
397,963
277,432
302,451
322,978
468,976
745,670
711.720
584,030
791,21)5
674.171
775.464
706,571
1,067,474
1,285,804
1,470,983
1,800,4"3
1,327,598
1, (179,841
1,288,859
1,134,874
1,306,089
2,419
9,849
13.236
8,071
13.556
13,909
io,sa5
15,1C6
19.909
36,930
44,067
65.171
360,903
75.344
72,544
62.00 1
50,405
15,753
111,155
118.901
79,498
93,579
101,961
113,195
138.737
137,285
1 14.727
105,733
224.013
8r>6,858
415,120
434,518
381,807
318,218
368,240
74,847
112,281
110,443
96.495
110.769
143,338
88,976
94.205
113.948
145,673
336,909
270,952
116,081
836,098
458,027
409,446
402,576
436,846
348,423
508,654
595,677
444,801
227,377
322,»iO
302,14}
3',9,321
309,180
885,981
440.197
5R5,145
886,199
1,025,981
650,220
532,274
671,712
50,687
68,742
79.014
106,509
155,473
143,716
128.709
170... '
19S.61I.
167,244
220.499
296,998
302.707
327.328
350,316
301,909
398,761
4">9,784
440.353
478.220
451.543
000,980
507.572
.".3.253
609,955
60.-..014
614,410
508.717
714.512
588,549
051.308
573,070
389.736
312,184
287,529
118,775
135,459
170,008
240,856
268,003
284.539
163,234
199,848
389,141
351.181
470,264
512,784
829.670
1,043,618
1.470,065
1.0:50.01)7
2,257,811
2.01 1 .072
3,013,733
212,219
151,8S2
186,090
311,629
255,503
301,490
459,984
530,666
677,705
902,114
1.212,'.'40
1,376,490
1,548.898
783,983
675.515
897,073
456,4(50
631,039
74-5.250
842,055
983.221
978,069
816,964
869,072
1.139.554
1,253.419
1.632.955
1.815,096
2.170,798
2.234.350
3.242.790
3.484,546
3.008.243
4.312.209
4.852,50.)
4.8-14.208
5,564.274
6.312,702
6.304.276
6,239,943
5.972,818
6,182,451
6.150,468
8.212.041
8,715.892
11,186,823
11,895.238
13,610,623
11,071,938
10,253,489
12,806,918
1853
1854
1855
1856
1&57
1&58....
1859
1860...
1861
1862
1863
1864
1865
1866
1867....
1883....
1869
1870. . . .
1871
2,199,418
2.989,630
3,911,942
3,854,426
3.852.567
3,307,644
3,248,110
2.850,106
4,410,327
4.067.574
5,518,88(1
6,104,672
6,925,469
6.375.319
0,137.242
8,008,158
1872. . . .
1878
1X71
1875.
1876
1877....
1878
1879
1880
1881....
1882
1883*
is.8i
1885
1886
* Including the freight of the N. Y., P. & O. RR., classification of the "Erie's" separate freight not having
been furnished.
POOBS MANUAL OF RAILROADS.
215
This company is owner of the entire capital stock of the Hillside Coal and Iron Company,
the Northwestern Mining and Exchange Company, the Towanda Coal Company, and the
Blossburg Co>l Company, the last named controlling the Tioga RR. and its leased lines.
(See MANUAL for 1883, page 174.)
The Coal companies owned by the New York, Lake Erie and Western Railroad Company
have mined during the year the following tonnage :
Company
Supply.
For Market
Total.
Hillside Coal and Iron Co. Anthracite.
Tons.
145 117
Tons.
408 919
Tons.
554 036
Towanda Coal Co. Bituminous .
146 893
12955
159 848
Blossburg Coal Co. Bitumiuous and Coke
229 887
176 964
406 851
Northwest Mining and Exchange Co. Bituminous and Coke
236,023
241 352
477 375
Total Coal and Coke
757930
840 190
1 598 110
Increase over the preceding year, 467,814 tons.
The Blossburg Coal Co., in addition to its coal lands, operates extensive saw mills, from
which the shipments of lumber during the year amounted to 20,338,720 feet, being an in-
crease over the previous year of 1,330,075 feet. The product of these properties id trans-
ported over the New York, Lake Erie and Western Railroad and its branches ; and, in addi-
tion to the profit derived directly from the operation of the mines and saw millf, the New
York, Lake Erie and Western Railroad Co. derives a large revenue from transportation.
" The only property showing a decrease during the year is the Towauda Coal Co., whose
mines are nearly exhausted, and it is expected they will be closed before the end of the
coming year.
"These properties all contribute a valuable tonnage to the Erie, besides saving large
sums of money in the cost of supply coal."
Annual meeting, last Tuesday in November, at company's office. Books close for annual
meeting 30 days prior thereto ; for dividends 30 days prior to payment of Fame. Books re-
open day after annual meeting and day after dividend payments. Stock to be voted must
be held thirty days. Voting power attaches to all bonds secured by mortgage if registered
60 days before election. Farmers' Loan and Trust Co., registrar of stock and trustee of all
bonds issued by present company and of 1st consol. and funded coupons of Erie Ry. Co.
Stock listed on Stock Exchanges in New York and London. All issues of bonds listed on
New York Exchange. Bends listed in London : 1st consol. mtge. ; 1st consol. mtge. funded
coupon ; 2d consol. mtge. and income bonds. Various securities of this company are also
quoted at Dublin, Edinburgh, Glasgow, Leeds, Liverpool and Manchester.
RAILKOADS LEASED OK OWNED BY N. Y., L. E. & W. RR. Co.
Sid:
Leai _
Leased for two'years from February, 1860, to G. W. Phelps, who continued to o'perate the' road for tHe company
until Jnnuary 1, 1872, when it was leased to the Erie Ry% Co.; lease assumed by the N. Y., L. E. & W. RR. Co.;
rental, $13,600 per annum, being 6 per cent, dividend on stock, and $100 for organization. Dividends payable in
New York January and July. Capital stock, $225,000 ; profit and loss, $423.02— total, $225.423.02. Cost of road,
$224,800 ; cash on hand, $623.02. MORTIMER F. REYNOLDS, President, Rochester, N. Y.; G. W. Phelps, Secretary
and Treasurer. CORPORATE OFFICE, Mount Morris, N. Y.
BERGEN COUNTY RAILROAD.-Rutherford, N. J., to Ridgewood, N. J., 10 miles. Opened Octo-
ber 1, 1881. Leased to N. Y., L. E. & W. RR. Co., at an annual rental of $24,000. Capital stock, $200,000 ; 6 per
cent, bonds, $200,000. Cost of road, $562,074.35. JOHN KINO, President; A. R. Macdonough, Secretary ; Ed-
ward White, Treasurer. CORPORATE OFFICE, New York, N. Y.
BUFFALO AND SOUTHWESTERN RAILROAD.— Buffalo, N. Y., to Jamestown, N. Y., 67 47
miles. Organized March 23, 1872, as the Buffalo and Jamestown RR. Co. Opened in 1875. Sold under foreclos-
ure and reorganized under present title, December 11, 1877. Leased August 1, 1880, to. New York, Luke Erie and
Western RR. Co. at an annual rental equalling 35 per cent, of gross earnings, alter deducting a certain amount for
terminal charges. The company owns 5 locomotive engines, 9 passenger, 2 baggage, 279 freight, and 3 service
cars. Rental, 1884-85. $101,824.74; expenses, $8,749.84; net income, $93,074.90. Payments: Interest on bonds,
890,000; on floating debt, $963.92; dividends (2 per cent, on preferred stock), $9,436.67— to lal, $100,410.59. De-
ficit, $7.365.69. Capital stock, $943.666.66 ; funded debt, $1,500,000, 1st mortgage 6 per cent, gold bonds, dat. d
December 17, 1877, due July 1, 1908. interest payable January and July by First National Bank, New York : bills
payable, $5,000 ; Interest accrued, $22,584 ; due individuals, $306.67 ; profit and loss, $62,529.85— total, $2,534.-
087.18. Per contra; Construction and equipment, $2,503,935.37 ; open accounts, $29,889.91 ; cash, g-<61.90. An-
216 POOR'S MANUAL OP RAILROADS.
nnnl meeting second Tuesday in December. Books close for armnal meeting 10 days prior thereto ; for dividends,
10 days prior to payment of same, Stock and bonds listed on New York Stock Exchange. JOHN F. MOULTON,
l^resident ; W. S. Bicsell, Treasurer and Secretary. CORPORATE OFFICE, Buffalo, N. Y.
BUFFALO BRADFORD AND PITTSBURGH RAILROAD.-Carrollton, N. Y.. to Gilesville,
Pa., 25.97 miles. Total track (steel. 24.82), 49.14 miles. Consolidation, March 22, 1859, of the Buffalo and Pitts-
burgh and the Buffalo and Bradford RR. Companies ; road opened January 5, 1866. and leased for 499 years : rental,
$40,600. The only dividends paid by this company were, $1 » share March 26, 1880, and 62 cents a share October
9, 1885, both payable in cash from royalties on oil. Capital stock, $2,286,400 ; 1st mortgager per cent, bonds, due
January 1, 1896, £580,000— total, representing cost of road, $2,866,400. S. HIKES, Preffdent. Scranton, Pa.; A. R.
Mncdonoiigh. Secretary ; E. White, Treasurer, New York City. CORPORATE OFFICE, Bradford, Pa.; general
office, 21 Cortlandt Street, New York.
BUFFALO, NEW YORK AND ERIE RAILROAD.-Corning to Buffalo, 142 miles. Organized
in 1857. Leased, 1st May, 18K8, lor the term of 490 years; annual rental, $238.100. Payments: Interest, $166,600;
dividends, $66,500 ; and organization, $5,000. Capital stock, $950.000 ; funded debt, 1st mortgage 7 per cent,
bonds, due Dec. 1, 1916, $2,380,000 ; unpaid dividends, $897.50 ; bonds old Corning road, not exchanged, ?1,800 ;
unavailable assets, $149,400 ; profit and loss, $16,284.51— total. $3,497,882.01. Contra: Cost of road, $3,330,000;
stocks other companies, $150,COO : cash, $17,282.01. Interest and dividends paid semi-annually, June 1 and De-
cember 1, at office of New York, Lake Erie and Western RR. Co. D. N. LOCKWOOD, President. Buffalo, N. Y.;
John Clinton Gray, Secretary and Treasurer. CORPORATE OFFICE, 115 Broadway, New York City.
CONESUS LAKE RAILROAD.— Conesns Lake Junction to Lakeville, N. Y., 1.70 miles ; total track,
1.91 miles. Rail. 60 and 62 Ibs. Chartered May 10, 1882 : road opened August 3, 1882. Purchased by N. Y.. L. E.
& W. RR. Co. July 22, 1886. Locomotive engine, 1. Operation t for year ending September 30, 1886.— Train mile-
age (mixed), 2.826 miles. Passengers carried, 9.092 : carried one mile, 13.688. Tons of freight mov«-d, 23,0? 0 ;
moved one mile, 34,605. Earnings— passenger, $641.35: freight, $2,613.19; other, $}77.09— total, $3,431.63. Ex-
penses—maintenance of way and structures, $327; equipment, $854.77 ; transportation, $2.365: general. £865.65
—total, 84,112.42. Deficit ($680.79, less rents, $11), $669.79. Financial Statement, toptew'ker 30, l«8b.— Capital
sto-k (par $50), $19,100 ; funded debt, first mortgage 6 per cent. 8-year bonds dated June 26, 1882, «7. 777.50 : in-
terest overdue, §1,400— total, §28,277.50. Contra: Cost of road, 812.849.41 : equipment, $3.182.62; profit and loss,
84.546.30— total. 820.578.33. L. P. WEST, President, Lakeville. N. Y.; E. White, Treasurer ; A. R. McDonongh,
Secretary, New York, N. Y. CORPORATE OFFICE, 21 Cortlandt Street, New York, N. Y.
ERIE AND BLACK ROCK RAILROAD.-In City of Buffalo, N. Y.. 1.14 miles. Chartered Mnrch
22, 18-2 : road opened in 1883. Leased and operated by N. Y., L. E. & W. RR. Co. Annual meeting
second Saturday in October. Capital stock (£25,000 authorized), $9.600. Cost of road. «32,838.04. RuFrs L.
HOWARD, President, Buffalo, N. Y.; A. R. Maedonongh, Secretary ; Edward White. Treasurer, New York, N. Y.
GKNERAL OFFICE, 21 Cortlandt Street. New York City.
ERIE AND GENESEE VALLEY RAILROAD.— Mount Morris. N. Y.. to Dansville, N. Y..
12.25 miles. Chartered January 4. 1868 : road opened in 1872. Leased on completion to the Erie Ry. Co., and
subsequently to N. Y., L. E. & W. RR. Co., at an jinnual rental of $8,400, equalling interest on bonds-. An-
nual meeting, second Tuesday in February. Capital stock. $144,900, and funded debt, 1st mortgage 7 per
cent. 20-year bonds, due July 1. lf-86, $120,000— total, stock and bonds, ?264,900. Construction. $191.302. JAMES
FAULKNER, President ; Anthony T. Wood, Secretary arid Treasurer. CORPORATE OFFICE, Dansville. N. Y.
ERIE INTERNATIONAL RAILWAY.— Suspension Bridge and Erie Junction RR. to the Inter-
national Bridge, 4.25 miles. Rail (steel, 9 miles). 63 Ibs. Chartered August 21, 1872 ; road opened. 1873. It is
owned and operated by the N. Y., L. E. & W. RR. Co. Capital stock, £'50.1 00: due lessee, $801,447.98— total,
representing cost of road, $351,447.1)3. JOHN KING, President; A. R. Macdonough, Secretary. CORPORATE
OFFICE, New York City.
GOSHEN AND DECKERTOWN RAILROAD.-Goshen to Pine Island, N. Y., 11.64 miles.
Total track (rail, 50 and 56 Ibs.), 11.97 miles. Organized February 22, 18(17 : road opened April 10.1809. Leased
for 50 years from January 1, 1872. Rental -1885-86. $21.500. Payments: Interest. «17.i"-55 : dividend, April 10,
1885,4 percent., $3,847.60: expenses and taxes, $503.25— total. $21,605.85. Deficit. $105.85; surplus from last
year, $3<>2.50 ; net surplus September 30, 18f6, ?2?6.e5. Capital stock (par, $10), J-96.1W ; funded debt. 1st mort-
gage 7 per cent. 20-year bonds, dated July 1. 1868, interest psiyaHe January and July. JW.r-OO : 2d do., dated
Nov. 1. 1869, interest payable April and November, $60.000 ; profit and loss. $256.65— to'tiil liabilities. $342.946.65.
Cost of road, $342,C90 ; cash, $256.65. JAMES K. HOVSTON, Pitsident, Florida, N. Y.; G. W. Murray, Secretary
and Treafi'rer, Goshen, N. Y. GENERAL OFFICE, Goshen, N. Y.
LOCKPORT AND BUFFALO RAILWAY.— Lock-port. N. Y., to Tonawanda. N. Y.. 13.89 miles-
Sidings, etc., 1.25 miles. Rail (steel), 60 Ibs. Chartered August 30, 1871. Leased to N. Y.. L. E. & W. RR. Co-
for 100 year* from September 15, 1879, at an annual rental of $21.000. Interest raid. $11.900. Capital stock (au-
thorized, $200.000), $127,200; funded debt (1st mortgage 7 per cent. 20-year bonds, dated October!. 1877, $140.000;
2d mortgage 7 per cent. 20-year bonds, dated October l7 1880, $30.000), $"l 70.000 : unfunded debt, $32,181.81— total,
representing cost of road, etc., $329.381.81. THOMAS T. FLAGLER, President ; Joseph A. Ward, Secretary and
'J'ltiifurer. CORPORATE OFFICE, Lockport, N. Y.
LONG DOCK COMPANY.— Chartered in New Jersey, February 26. 1856. with power to hold and im-
prove lands and lands under water, and to build docks, piers, railroads and other structures thereon. The assets
of the company consist of 577 acres of land and land under water, improved w ith buildings, piers, docks and rail-
road tracks of a total value, calculated on the assessment, for taxation, of $11,291,904. Leased to the New York,
Lake Erie and We- tern RR. Co. for 50 years from Nov< mber 16. 1885. at a yearly rental of $480,000. Capital stock,
$8,000,(HKi. all held by the lessee, into whose accounts those of this company are merged. Funded debt. 1st mort-
g:iL'e bonds, due June 1. 1893. $8,000,000 ; consolidated mortgage 6 per cent. 50-yar $1,000 gold coupon bonds, due
< h-tober 1. 19?,5. interest April and October, $4.800.000. The authorized issue of consolidated mortgage bonds is
£7,000,000. of which $3,000,000 are reserved to retire the first mortgage bonds. They are secured by mortgage on
all the property and assets of the company, including the lease to the Erie, and are redeemable at any time before
maturity, at 110. Trustees, Anthony J. Thomas, mid Charles E. Tracy, New York. Bonds, both issues, listed on
New York Stock Exchange.
MIDDLETOWN AND CRAWFORD RAILROAD.— Crawford Junction to Pine Bush. 10.22;
total track, 10.67 miles. From Crawford Junction to Middletown, 3.25 miles, the tracks of the N. Y.. O. & W.
KK. ure used. Organized AiiL'ust 3, 1868 ; road opened June 7, 1872. Leased from January 1. 1882. to N. Y.. L.
I-:. A \\ RR. Co.: »t mi annual renfcil of $10,500. The lessee owns $80,000 stock and ?4*.000 bonds of thiscoinpany,
purchased -lime 24, ISMi. Net income year ending September 30. 1886 (rental for one and one quarter years,
H U.I •..':>: I.-** office expenses, §129.15). $12,995.85! Paid interest. *ti.912.50. Suiplus. $6.083.35: surplus' from
lust yiir. ^f.,000.85 ; total surplus. {1LOB4.20. Dividends paid since the organization of the companv : January
and July. 1873, SJ percent, each, $8,561 ; December 3, 1878. 21 per cent, $3,051.25: January 4. 1883. 3} per cent.,
and AiiLMi-t 5. 1883, 3 per cent., $3.666 ; August 6, 1884. 5 per cent,, ffi 110 : September 7. 1885, 4 per cent.,
44.888. All pnnl in cash. Interect parable at Merchants and Manufacturers' National Bank, Middletown : d'vi-
dends at the office of the company. Capital stock, $122.200; funded debt, 1st mortgage 7 percent. 20-year bonds,
POOR'S MANUAL OF RAILROADS. 217
due April 1, 1P91, interest April and October, £86,000; interest and dividends unpaid, $2,359.75; profit and loss,
$12,084.20— total, $202,643.95. C(n,tra: Cost of road and equipment, $193,110.64; other assets, $9.533.31. JOHN
KIM:, 1'rttident, New York, N. Y.; I. P. Madden, Secretary and Treasurer. CORPORATE OFFICE, Middle-
town, N. Y.
MONTGOMERY AND ERIE RAILROAD.— Montgomery to Goshen, 10.26 miles ; total track,
10.91 miles. Chartered January 2. 1866 : road opened December 12, 1867. Leased January 1 , 1872, at a yearly rental
of $22.000. Rental redured to £17.000 in 18S6. ami will be but $16.000 per annum after October 1, 1887. Receipts,
1885-86: Rental, £21.166.67; interest, £82.50— total, $21.249.17. Expenses. £740. Net income, £20,509.17. Pay-
ments : Interest, $11.935 ; dividends, January, 8 per cent.. July, 3J per cent.. $9,750; expense extending bonds.
£235. 35 -total, £21,920.35. Deficit, £1,411.18 : surplus from last year. $6.997.87: net surplus, £5.586.69. Capital
stock, $lfiO,000 ; funded debt fist mortga-re 5 per cent, bonds, due May 1, 1926, $130.000: 2d mortgage 7 per
cent. 20-vear bonds due October 1, 1897, £40,500', £170,500 ; surplus, £5,586.69; sinking fund, $6,500— total,
£332,586.09. Contra : Cost of road and equipment, £327.000 ; cash and cash assets, $5,5s6.fi9. The first mort-
gage bonds were originally 7 per cents, and became due May 1, 1886, but were extended for 40 years. The sec-
onds will be extended in like manner at 5 per cent, for forty years when they become due. Dividends paid Jan-
uary 10 and July 10 at the National Bank of < 'range County, New York ; interest on first mortgage bonds is
payable May and November >t the Goshen National Bank. Cosher, N. Y.; interest on the seconds h payable
April and October at the National Bank of Orange County, Goshen, N. Y. J. M. WILKIN, President; .Valter J.
Mead, Secretary, Montgomery, N. Y. ; C. J. Everett, Treasurer, Goshen, N. Y. GENERAL OFFICE, Mont-
gomery, N. Y.
NEWARK AND HUDSON RAILROAD.-Bergen Junction to Newark. N. J., 5.62 miles. Leased
at an annual rental of £33.000, being dividends on f 250,000 of stock. 7 per cent., £17.500 : interest on £250,000 1st
mortgage 6 per cent, bonds, £15.000 ; and organization, $500. Cost of road, etc., £288,118.45. All stock and bonds
owned by New York, Lake Erie and Wesiern RR. Co. CORTLANDT PARKER, President, Newark, N. J. ; A. R.
Macdonough, Secretary, New York. N. Y. CORPORATE OFFICE, Newark, N. J.
NEWBURGH AND NEW YORK RAILROAD.— Greenwood to Vail's Gate, New York, 12.59
miles. Organized in 1863 : opened in 1866. Leased October 5, 1866. at an annual rental of $17,500, being the inter-
est on $250,000 7 per cent. 1st mortgage bonds. Cost of road, £250,000.
NORTHERN RAILROAD OF NEW JERSEY.-Bergen. N. J., to Sparkill. New York, 21.28
miles. Sidings, etc., 4.37 miles. Chartered February 9. 1854 ; road opened October 1, 1859. Operated under a
contract since 1869 by the N. Y., L. E. & W. RR. Co. This company leases the Nynck and Northern RR. Earn-
ings for year ending September 30, 188C, £322,216. Expenses and taxes, $246,926.73. Net earnings, £75,289.27;
other receipts, £8,593.74— total revenue, $83,883.01. Payments: Interest, $23.1-0; rental Nyack and Northern
RR., $11,025 ; dividends (January and July, 2 per cent, each), $40,000 ; sinking fund. £10,000— total, £84.145. De-
ficit, $261.99 ; surplus from last year. $20,914.04 ; net surplus, $20.652.05. Capital stock, $1,000,000; funded debt
(1st mortgage 6 per cent. 10-year bonds, extended, dated July 1, 1878, interest payable January and July, $138,000 ;
2d mortgage 7 per cent. 20-year bonds, dated March 1, 1869, interest payable March and September, $200,000),
$352.000 ; unfunded debt, $74.351.39 ; profit and lose, $20 652.05— total, $1,443,006.44. Contra : Cost of road and
appurtenances, £1,338,000 ; all other assets, £95,006.44. JOHN HULL BROWNING, President; Orville A. Roorbach,
Secretary and Treasurer. CORPORATE OFFICE, Tenafly, N. J.
NYACK AND NORTHERN RAILROAD.— Sparkill to Nyack, N. Y., 4.38 : total track, 5.01 miles.
Chartered November25, 18C8 : road opened in May, 1870. Leased to the Northern RR. Co. of New Jersey and operated
in connection with that company's line by the N. Y.. L. E. & W. RR. Co. Rental, bond interest, £11,025. Capital
stock, £78,250 ; funded debt (1st mortgage 7 per cent. 20-year bonds, due 1890, £150.000 ; 2d mortgage 7 per cent.
20-year bonds, due 1895, $7.500), $157,500 : sundry accounts, $10,276.44— total, $246,026.44. Contra : Cost of road,
$246,026.44. Interest on both issues payable January and July. E. H. SISSON, President, ; O. A. Roorbach, Sec-
retary and Treasurer. CORPORATE OFFICE, Tenafly, N. J.
PATERSON AND HUDSON RAILROAD.— Jersey City to Patersori, N. J., 14.97 miles. Char-
tered Janunry 21, 1&31 ; opened in 1834. It is leased in perpetuity, from September 9, 1852, at an annual rental of
£48,400. Capital stock, representing the original cost of road, £630,000. J. S. ROGERS, President, New York ;
Robert Hughes, Treasurer. CORPORATE OFFICE, Paterson, N. J.
PATERSON AND RAMAPO RAILROAD.— Paterson, N. J., to N. Y. State Line, 15.02 miles.
Chartered March 10, 1841 : completed in 1848. Leased September 9, 1852; rental, £26,500. Dividends, 8 per cent.
Capital stock, £298.000. Cost of road, $350,000. J. S. ROGERS, President, New York City ; John Hopper, Treas-
urer, Patereon, N. J. CORPORATE OFFICE, Paterson, N. J.
PATERSON. NEWARK AND NEW YORK RAILROAD.— Paterson to Newark, N. J., 10.91
miles. Opened in If68, and leased at a rental of 35 per cent, of the gross earnings, but not less than £35,000. For
the year ending September 30, 1884, 35 per cent, of gross earnings amounted to £38,171. Capital stock, $250,000 ;
funded debt 7 per cent. 1st mortgage bonds, $500,000. Original cost, £430,OS6.73. CORTLANDT PARKER, Presi-
dent, Newark, N. J.
ROCHESTER AND GENESEE VALLEY RAILROAD. --Rochester to Avon, N. Y., 18.26 miles.
Organized July 2 1851 : road opened August 10, 1854. Leased July 1, 1871 : rentiil, £34,012, being 6 per cent, on
stock and $700 for organization expenses. Rental, 1884-85, £34,012. Paid dividends, January and July, 3 per
cent, each, £33;312. Capital stock. £555.200; nominal surplus, $116,103.13— total, representing cost of road. £671.-
303.13. JAMES BRACKETT, President ; J. B. Perkins, Secretary and Treasurer. CORPORATE OFFICE, Rochester,
NY.
SUSPENSION BRIDGE AND ERIE JUNCTION RAILROAD.— East Buffalo Junction to
Rail (steel, 15.5 miles). 56, 60, and 63 Ibs. Or-
cent. of gross
per cent. 30-year
bonds," due 1900, $1,000,000— Total, $1,500,000. Cost of roud,' etc., $818,849.60. JOHN K!ING, President; E.
White. Trerufiirer ; A. R. Macdonough, Secretary. CORPORATE OFFICE, New York City.
UNION RAILROAD.— State Line to Suffern, N. Y., 0.79 mile. Chartered January 20, 1851. Rental,
$3.500, being 7 per cem. on its stock and cost of £50,000. Owned by lessees. J. S. ROGERS, President, 44 Ex-
change Place, New York City ; John Hopper, Secretary. CORPORATE OFFICE, Paterson, N. J.
New York, Pennsylvania and Ohio Railroad Division.
NEW YORK, PENNSYLVANIA AND OHIO RAILROAD.-Salamanca, N. Y., to Dayton,
O., 388.04 miles, with branches, Franklin Junction to Oil City, Pa.. 33.78 ; near \Vndsworth to Silver Creek, O.,
2.65 miles; the Youngstown and Austintown RR., 3.87 miles; and the Manning Coal RR., 3.32 miles— total, 431.66
miles. The company leases the Cleveland and Mahoning Valley Ry., 124.89 miles, the Westerman RK., 2.09
miles, the Sharon Ry., 14.58 miles— total length of lines owned and leased, 573.22 miles. Miles of steel rails in
main line, 388.04 • in branches owned and leased, 143.60— total, 531.64. The Atlantic and Great Western RR. Co.
was organized November 10, 1871, as successor of the A. & G. W. Ry. Co., which was organized August 19, 1865,
Suspension Bridge, N. Y., 23.28 miles. Sidings, etc.. 16.11 miles. Rail (steel, 15.5 miles). 56, 60, a
ganized October 16. 1868 ; opened January 1, 1871, and leased to the Erie Ry. Co.; rental, 30 per
earnings, and a minimum of $70.000. Capital stock, $500,000; funded debt, 1st mortgage 7 p<
218
POOR 8 MANUAL OF BAILEOADS.
The road was opened for
was transferred by lease to
re-leased to the Erie Ry. Co.
January 1, 1870 : sold July 1,~1871 ; "ami aga'in leased to the Erie Ry. Co.' May 1, 1874. The last lease had been in
operation only a few months when the road was again placed under a receivers-hip, December 9, 1874. The entire
•ania
of "$876oo,000 p"rToMTen"bond^83^0(X)"oo6"l'-t"mortgage, $r4,5o6,6bo'"2d mortgage, and $3o7oOO,000 3d mortgage
bonds ; 200,000 shares ($50 each) of preferred stock, and 700,000 shares (£50 each) of common stock. It was ul-o
provided that the capital stock should be held in trust, to be voted upon by five voting trustees, three to be named
oy the 1st mortgage bondholders; one by the 2d, and the other by the leased line*' bondholders of 1872. The
road was operated by the receiver of the A. & G. W. Ry. from date of sale to the organization of the new com-
pany, Marcn 24, 1880. The gauge on the entire road, originally 6 feet, was changed to 4 ft. 8.V inches, June 22.
18SO. On the 1st of May, 1883, the road was leased to the New York. Lake Erie and Western RR. Co., the rental
being 32 per cent, of gross earnings up to §6,000,000, and 50 per cent, of all in excess of that amount until the
gross earnings amount to §7,300,000, when the rental is to be 33 per cent, of gross earnings. Pot operations, etc.,
see pages 209 and 213.
Income Account, September 30, 1886.
Balance, Surplus, September 30, 1885 $11,573 18
Rental for 1886 $2,001,401 48
Dividends Sharon Ry. Stock. 10,120 23
$2,001,521 73
Less Expenses Prior to May
1, 1883 5,923 26—2,005.598 47
Interest and Exchange 3,12393
Prortt and Loss 881 Ifi
Proceeds Sale Sharon Ry. Stock 100,000 00
Expenses, Taxes, Rents, etc $174,457 96
Rentals Leased Lines 458,2<j8 82
Hire of Cars Under Car Trust 289,085 80
Interest on Prior Lien Bonds 480,000 00
Dividend on Acct.lst Mtg. Coup.Nos.12 & 13 594,298 36
Special Funds 115,189 30
Balance Surplus September 30, 1886 9,870 50
Total $2,121,176 74 Total $2,121,176 74
General Balance Sheet, September 30, 1886.
Cost of Property Purchased $145,427,102 16
New Construction 494,706 87
Additions 538,83515
Sharon Railway Stock 122,895 00
Sundry Additions and Betterments 10,470 25
Due by Individuals and Companies 56,551 51
DnebyLessee 374,623 51
Chicago!* Atlantic Ry.Co. Advance Acct. 66,925 56
Cash on Hand 82.996 56
Dep. to meet Int. on Bonds— See Contra 303,121 96
• Total Assets $147,478,228 53
Capital Stock— Common $34,999,350
Capital Stock— Preferred.... 10,000,000— $41.999,350 00
Funded Debt 96,686,00000
Deferred Warrants 4,335,686 25
Special Fund for Additions 538,203 59
Special Funds for Sundry Purposes 192,758 12
Current Accounts 51,415 21
Interest on Bonds 361,816 SO
Int. on Bonds, Funds Deposited— Contra. 303,121 96
Profit and Loss 9,876 50
Total Liabilities ... $147,473,228 53
Funded Debt. — 1. Prior lien 6 per cent, bonds, dated May 5, 1880, interest payable May and November, prin-
cipal due March 1, 189.1, secured by first mortgage on all property and franchises of the company, $8,000.000.
2. 1st mortgage 7 percent, bonds, dated May 6, 1880, interest payable January and July, principal due Jnly
1, 1905, interest payable only out of net earnings, and, in case of deficiency, deferred interest warrants to be issued
for the amount of deficiency, such warrants to be capitalized in bonds, in sums of $1,000 each, but not to bear
interest uniil so capitalized, $44,18(3,000.
3. 2d mortgage 5 per cent. 30-year bonds, due May 1, 1910, interest payable semi-annually if earned, after
payment of prior charges, $14,500,000.
4. 3d mortgage 5 per cent. 35-year bonds, due May 1, 1915, interest payable send-annually if earned, afterpay-
ment of prior charges, $30,000,000.
In the process of reorganization, a new lease was made of the Cleveland and Mahoning Valley Ry., by which
that road, with the Liberty and Vienna and Niles and New Lisbon Rys., were leased for 82 years and 3 months
from July 1, 1880, at an annual rental of $357,180, until January 1, 1885, and $412,180 per annum, thereafter-
payable in monthly installments in advance.
The substantial control of the company is vested in bondholders, the stock being held in trust by the voting
trustees.
The voting trustees of the N. Y., Pa. & O. RR. Co. are George Balfonr. John L. Bates, Charles Tennant,
elected by 1st mortgage bondholders, Henry Cecil Raikes by 2d mortgage bondholders and Charles E. Lewis,
Leased Lines bondholders of 1872.
Annual meeting, second Wednesday in October. Prior lien bonds listed on Stock Exchange in New York ;
1st, 2d and 3d mortgages listed in London.
Directors.— J. M. Adams, E. R. Perkins, S. L. Mather, John Tod, W. J. McKinnie, Cleveland, O. ; J. M.
Ferris. Toledo, O.; Henry B. Perkins. Warren, O. ; W. W. Scarborough, Cincinnati, O. ; E. A. Wheeler, Sharon,
Pa.: D. V. Derickson, Meadville, Pa. ; S. M. Felton, Jr., W. W. MacFurland, New York City ; Favette Brown,
Cleveland, O. JARVIS M. ADAMS, President. Cleveland, O. ; F. E. Rittman, Treasurer, Cleveland, O. ; Thos.
Warnock. Secretary and Auditor, Cleveland, O. PRINCIPAL OFFICE AND ADDRESS, Cleveland, O. Transfer
Agent and Registrar of Stock, Farmers' Loan and Trust Co., New York City.
CLEVELAND AND MAHONINO- VALLEY RAILWAY.— Cleveland, O., to Pennsylvania
State Line, 80.81 ; branches from Junction to Vienna. 8.04 mile*, and from Niles to New Lisbon. 36.05 miles.
Total track (steel. 8J.50 miles). 137.10 miles. Consolidation July 25, 1872, of the Cleveland and Mahoning, Liberty
and Vienna and Nile and New Lisbon Railroad Companies. Leased to New York, Pennsylvania and Ohio RR.
Co. for 82 years and 3 months from July 1, 1880, at an annual rental of $356,180 until January 1, 1885, and there-
after $412.180 : rental payable in installments, monthly, in advance. The rental is sufficient, to pay interest on
the funded debt, and 11 per cent, dividends on stock. The Westerman and Sharon Railroads continue the line
into Penn-ylvania, 9.&"> miles. Income 1885 : Rental, $384,680 ; other sources, $14,877.37— total. $399.557.37. Ex-
pensesand taxes, <:',.MS.2i. Net inc-mie, §395.839.10. Payments: Interest (net), $77,274.50; dividends, 11J per
cent.. <v)2J. Kir, total. #401,40950. Deficit, §5,576.34.
inancial *>/< •//> -/if, .s>/,./«,w :w, 1883.— Capital stock (including $5(11.43 scrip), §2,759.791.43 ; funded debt,
POOE'S MANUAL OF RAILROADS. 219
$100 ; 3d mortgage 7 per cent, bonds, 1853. due September 15. 1806, $f54,500 ; Hubbard branch, 7 per cent, bonds,
1863, due July 15, 1873, $72,500 ; N. & N. L. Ry. 7 per cent, bonds, due Janvmry 1, 1890, -$500,000. Interest |>uid
in New York ; dividend*. December, March and June at Cleveland. This company paid its first dividend, 12 per
cent., on December 1, 187'2. During the next four calendar years it paid at irregular intervals the following dfvl
dends : 1873, 124 per cent.; 1874, 10f per cent.; 1875, 10 per cent.; lt>76, 6j per cent. Beginning in 1877 ilie divi
dends were paid semi-annually in June and December or each year to 1884. In 1885 the dividends were paid qitar
terly— March, June, September, etc. Following are the dividends paid in each year from Is77 to September, 1HH5
1877, 6} per cent.; 1878, 7 per cent.; 1879, 7 per cent.; 1880. 8| per cent.; INM, Hi per cent.; 1882, 11} per cent.
1883, 10J per cent. ; 1884, June. EJ per cent., and July, 5} per cent.; 1885. March, 2| per cent.: June. 3< per cent.,
and {September, 2J per cent. Total to date, 133$ per cent. STEVENSON BUKKE, President; E. R. Perkins, Treas-
urer ; E. E. Poppleton, Secretary. CORPORATE OFFICE, Cleveland, O.
SHARON RAILWAY.— Sharon to Sharon Junction, Pa., 9 miles ; Sharon to Coal Mines, 4 miles: Mid-
dlesex Extension, Sharon to Middlesex, 5 miles ; Boyce toSharpsville, 1.5 miles ; total length of road. 19.50milee.
Sidings, 3.5 miles. Gauge, 4ft. 8i in. Rail (steel. 19 miles), 56 Ibs. Chartered July 16, 1873; road opened in
August, 1876. Leased to N. Y., P. & O. RR. Rental, 1885, $40,033.64 ; expenses, $1,«70.90 ; net. income, $38,362.74.
Payments : Interest, $10,920 ; dividends (March and September at Sharon, Pa., SJ percent, each), if 26,684.87— total,
$37,604.87. Surplus, $757.87. financial Statement, December 31, 1885.— Capital stock (par, $50), $410,350 ; 1st
mortgage 7 per cent. 14-year bonds, due Fel ruary 1: 1890, interest payable February 1 imd August 1. $156,000 —
total, $566,350. Cost of road, etc., $567,879.48. This company has paid 28 semi-annual dividends, each of 3i per
cent., amounting in the aggregate to $168,099.74. EARL A. WHEELER, President, Sharon, Pa.; John II. Dynes,
Swetary, Cleveland, O.; Charles Hall, Treasurer, Sharon, Pa. CORPORATE OFFICE, Sharon, Pa.
YOTJNGSTOWN AND ATJSTINTOWN BAII/WAY.-Youngetown to Leadville Coal Mines,
3.87 miles. The Manning Coal Road, 3.33 miles, forms a branch of this railway. Rail, 60 Ibs. Built in 1871-72 by
Wicks and Wells and the Packard Coal Company, to haul coal from their mines to connect with other roads.
Purchased by the Leadville Coal Co.. and operated by that company until 1882, when it was put-chased by the
New York, Pennsjlvnnia and Ohio KR. Co.. and forms part of its system. Capital stock, $10,500. J. M. ADAMS,
President ; Thomas Warnock, Secretary. CORPORATE OFFicE,.Cleveland, O.
Board of Directors N. Y., L. E. & W. Elt. Co., elected November 30, 1886.
John King New York, N. Y.
J. G. McCullough.. New York, N.Y.
J. Lowber Welsh. .Philadelphia, Pa.
Cortland Parker Newark, N.. I.
Henry H. Cook. . . .New York, N. Y.
Willijim Libbey. . .New York, N. Y.
Wm. A. Wheelock.New York,N. Y.
Wm. Whitewright.New York, N. Y.
Geo. W. Quintard.New York, N. Y.
William L. Strong. New York, N. Y.
\Vm. B. Dinsmore.New York, N. Y.
Morris K. Jesup. . .New York, N. Y.
James J. Goodwin. .New York, N. Y.
Og<len Mills New York. N. Y. I Wm. N. Gilchrist.. New York, N.Y.
Joseph. Ogden New York, N. Y. | Josiah Belden New York, N. Y.
JOHN KTNG, President New York, N. Y.
\st Vice-Prenident—S. M. Felton, Jr. .New York, N. Y.
Secretary—A. R. Macdonough New York. N. Y.
3d Vice-President— Andrew Donaidson. New York. N. Y. Treasurer— Edward White New York, N.Y.
Attorney— James A. Buchanan New Yoik, N. Y.
PRINCIPAL OFFICE AND ADDRESS (P. 0. box 839) . . .21 Cortlandt St., New York City.
NEW YORK, LAKE ERIE AND WESTERN COAL AND RAILROAD CO.
Main Line of Road. — Crawford Junction, Pa., to Johnsburgh, Pa 29.92 mile?.
f Riderville : Alton, Pa. , to Ridgville, Pa 1.12 miles.
R i J Bucktail : Rasselas, Pa., to Bucktail Mines, Pa 2.38 miles.
: 1 Dagus : Dagus Mines to Dagui-cahonda, Pa 5.90 miles.
[ Toby : Brock way ville to Toby Mines, Pa 12.65 miles.
Total length of main line and branches. .' 51.97 miles.
Sidings, 8.60 miles. Gauge, 4 ft. 8i in. Rail, iron, 60 Ibs. ; steel (46.83 miles), 63 Ibs.
History.— Road completed and opened in 1882. Substantially owned by N. Y., L. E. &
W. RR. Co , which advanced toward its construction, etc., to September 30, 1886, as per that
company's Geneml Balance Sheet, $2,008,481.70.
Operations for year ending December 81, 1886. — Tiain mihage — passenger, 11,772;
freight, 18,780; coal, 122,280— total, 152,832 miles. Passengers carried, 24,549 ; carried one
mile, 2:31,643.
Earnings.— Passenger ?5,903 14
Freight 232,944 43
Express 297 41
Total ($4,601.60 per mile) $239,144 98
Expenses.— Maintenance Way $30,793 78
Motive Power and Cars 87,840 48
Transportation, etc 63,422 48
Total ($3,503.11 per mile) $182,056 74
Net earnings (23.87 per cent.), $57,088.24. Add rents, $49,803.50— total available revenue,
$106,891.74.
Financial Statement, December 31, 1886.— Capital stock, $5^0,000 ; funded debt, 1st
mortgage 6 per cent. 40-year bonds, due May 1, 1922, interest May and November, $3,000,000 :
accounts payable, $91,183.62 ; accrued interest on bonds, $30,000 ; real et-tate mortgages, $86,-
632,65 ; vouchers audited, $743.97 ; unclaimed wages, $593.81 ; New York, Lake Erie and
Western RR. Co., general account, $368,269.69 ; Peno. RR. Co., $175.69— total, $8,986,415.81.
Contra: Cost of road, etc., $2,008,943.50; real estate, etc., $511,390.31; Roberts Lot Spur,
220 POOR'S MANUAL OF RAILROADS.
$6,239.04; N. T., L. E. & W. RR. Co., advances, $1,054,694.69; Northwestern Mining and
Exchange' Co., $134,817.39; Marine National Bank, $32.06; profit and loss, $270,298.82—
total, $3,986,415.81.
Directors.— J. K. P. Hall, St. Mary'?, Pa.; S. Hines, Scranton, Pa.; Harry G. Clay, J.
Lowber Welsh, Philadelphia, Pa.; John King, A. R. Macdonough, S. M. Felton, Jr., New
York, N. Y.
J. K. P. HALL, President St. Mary's, Pa.
Treasurer— Edward White ; New York, N. T. | Secretary— A. R. Macdonongh New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Scranton, Pa.
Transfer Office 21 Cortlandt Street, New York, N. Y.
NEW YORK, ONTARIO AND WESTERN RAILWAY COMPANY.
Main Line of Road.— Oswego, N. Y., to Cornwall, N. Y .................. 272.90 miles.
Trackage : West Shore RR.: Cornwall to Weehawken ................... ... 53.07 miles.
( A'ew Berlin : New Berlin Junction to New Berlin .......... 22.30
Branches : \D*lhi : Walton to Delhi. . . .............................. 16.70
\EUenvUle : Summiiville to Ellenville ...................... 8.00— 47.00 miles.
T j ( Utica, Clinton and Binghamton Railroad ........................... 31. 30 miles.
Leased : Ror)ie and winton ^aaroaA ....................................... 12.70 miles.
Total length of Hues owned and leased ................................... 416.97 miles.
Siding*, 60.22 miles. Gauge, 4 ft. 8£ in. Rail (steel, main line, 272.90 miles), 50 to 67 Ibs.
History. — Organized as New York and Oswego Midland, January 11, 1866. Main line
opened in July, 1871 ; Western Division in August, 1873. That company having made de-
fault in 1873, its property was placed in the hands of receivers on the 18th of September of
that year. The Western Division was i-old on behalf of the bondholder?, under foreclosure,
May 31, 1876, and reorganized September 30, 1876, under the title of Ithaca, Auburn and
Western RR. Co. The main line was sold November 9, 1879, in the interest of the stock-
holders and creditors of the old company, who were allowed to participate in the new organi-
zation upon the following terms : The holders of the first mortgage bonds were allowed to
convert their bonds with accrued interest into the common stock of the new company ; the
second mortgage bondholders, and other creditors, to convert their bonds, or other indebted-
ness of the company, into the common stock of the new company, on the payment to it of a
sum equalling 20 per cent, of the stock they might be entitled to receive, and the holders of
the stock of the old company were entitled lo convert their shares into those of the new on a
payment equalling $30 per share. In addition, $2,000,000 of preferred 6 per cent, stock
(non-cumulative) was issued to discharge receiver's certificates of indebtedness. The assess-
ment produced $9,429,429.98.
The company upon the completion of its road from Oswego to Middletown contemplated
the use of the New Jersey Midland and Montclair railroads as its extension to the Hudson.
The use of these lines was abandoned, and in their place a railroad 77£ miles in length was
constructed during 1882 from Middletown to the Hudson River at Cornwall, and thence
to Weehawken, opposite the city of New York. This section, by consolidation, became
a part of the New York, West Shore and Buffalo Railway. It was constructed by
the. New York, Ontario and Western Ry. Co., the latter company receiving $10,000,000 of
lhe 1st mortgage 5 per cent, bonds of the West Shore Co., and $2,367,000 of its stock. Of
the bonds thus received, $9.759,000 were issued during 1883 to stockholders in this company,
at 50 per cent, of their face value. When completed, the Middle'own-Weehawken line was
leased to the Ontario company uuder contract which secured to the West Shore trackage
rights from Weehawken to Cornwall, In 1884 a modification of this contract was effected
(see page 172 of MANUAL for 1885). Following the change in management and reorgau-
zation of the New York, West Shore and Buffalo Ry. Co. as the West Shore RR. Co., new
arrangements as to the control and ownership of this section of road were entered into,
POOR S MANUAL — NEW YORK, ONTARIO AND WESTERN RY. CO.
221
under which the branch from Middletown to Cornwall Junction, 24.6 miles, became the
property of the Ontario company, the line from Cornwall to Weehawken reverting to tlie
West Shore, this company, however, reserving trackage rights over it until May 12, 2079,
" for through Ontario and Western business exclusively." (Sep MANUAL for 1886, page 490.)
On the 1st of June, 1886, the company took a 35-years' lease of the Utica, Clinton and
Binghamton, and Rome and Clinton RRs. from the Delaware and Hudson Canal Co., at a
minimum rental of $70,000 per annum.
Rolling Stock, September 30, 1886.— Locomotive engines, 82. Cars— passenger, 1st
class, 48 ; 2d class combination, 14 ; baggage, mail and express, 19 ; freight (box, 481 ; plat,
form, 646 ; stock, 62 ; coal, 637; milk, 25), 1,851 ; caboose, 22 ; work and service, 10— total,
1,964.
Operations for year ending September 30, 1886.— See tabulated statement below.
(Average, 333.17 miles.)
Earnings.— Passenger $459,219 90
Freight 938,28476
Mail and Express 73,897 35
Miscellaneous.. 21,449 18
Total ($4,480.75 per mile) $1,492,851 19
Expenses.— Maintenance of Way, etc $197,255 88
Motive Power and Cars 433,432 90
Transportation 370,285 00
Miscellaneous ana Taxes 269,877 91
Total ($3,814.42 per mile) $1,270,851 C9
Net earnings (14.88 per cent.), $221,999.50. Other receipts: Terminal, $21,935.03 ; in-
terest, $16,572.98— total, $38,508.01. Available revenue, $260,507.51. Paid rentals, $69,-
261.34 ; interest on bonds, $39,174.66 ; on debt, $38,583.99— total, $147,019.99. Surplus, as
per balance sheet, $113,487.52. Operations of 53 miles of line between Cornwall and Wee-
hawken, during three months to December 31, 1885, are included above.
Following is the revenue account of the leased roads for the four months ending Sep.
tember 30, 1886, during which period they were operated by this company. These figures
are not included above : Receipts — passenger, $19,116.93; freight, $53,962.92; mail, express,
etc., $2,644.58; other, $722. o4— total, $76,446.97. Operating expenses, $44,19~>.30; taxes,
$2,800— total, $46,995.30. Net earnings, $29,451.67 ; less rental paid, $23,333.33; leaving
profit as per balance sheet, $6,118.34.
General Balance Sheet, September 30, 1886.
Franchises and Property $61,574,357 12
Materials and Fuel 199,602 66
Investments in other Companies 8,340 75
Other Property— Steam Shovels 12,500 00
Cash at Bankers 46,325 50
Bills Receivable 89,07700
Current Accounts 185,861 91
Deposit in Court.
23,734 16
Capital Stock, Common $58,113,982 84
Capital Stock, Preferred
73,000 00
First Mortgage Bonds Outstanding 2,927,000 00
261,805 68
71,818 37
51,633 17
465,953 18
6,118 34
113,487 52
Current Accounts
Wages for September
Int't on Funded Debt and Accrued Taxes .
Profit and Less
Balance Net Revenue.
Total Assets $62,084,799 10 Total Liabilities $62,084,799 10
Funded debt, 1st mortgage 6 per cent. 30-year gold $1,000 coupon bonds, due September
1, 1914, interest March and September. The bonds are a mortgage on the entire property of
the company. They are redeemable at 110 per cent, on any interest day, after due notice.
The authorized issue is $4,000,000, of which $2,000,000 were deposited with the Farmer.-'
Loan & Trust Co. to cancel the preferred stock. At the close of the last fiscal year, $1,927,-
000 preferred stock had been so retired. Of the remainder of the authorized issue, $1,000,000
are held in the treasury to be used only in acquiring new property ; the balance was sold
and the proceeds applied to the liquidation of the floating debt.
Annual meeting, third Wednesday in January at 16 and 18 Exchange Place, New York.
Books close one month prior to and reopen six days after the meeting. Interest payable at
New York office. Trustees of bonds and registrar of stock : Mercantile Trust Co., New York
and London. Transfer agents : John Fleming, New York, and the English Association of
American Bond and Shareholders, Limited, London. Common stock and bonds listed on New
York Exchange ; common stock also listed in London.
222
POOR'S MANUAL OF RAILROADS.
Statement of operations, capital accounts, etc., for eight year?, endine September 30 :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroa 1 Owned. . .
Miles of Track Owned
844.00
390.00
79
344.60
890.60
79
344.60
390.60
73
844.60
403.13
73
344.60
434. 34
73
2%. 60
349.10
73
295.50
352.50
73
319.90
380.12
82
28
32
40
40
55
49
61
62
Baggage, etc., Cars
Frei"ht Care
24
1,373
8
1,248
20
1,462
20
1,785
20
1,774
20
1,832
19
1,847
19
1,851
Passenger Train Miles
Freight Train HUea ;
9,511
71,806
108.562
97,266
211,242
144,553
234,656
285,491
384,854
364,289
591,273
524,402
616,215
495,528
599,837
435,229
Mixed Train Miles
329,16-2
290,795
304.598
225,935
239.438
257,951
208,704
277.889
Passengers Carried
213.161
273,778
326,670
391,458
546,803
944,093
1,08V.81
608,477
5,290,076
6,346,607
7,251,209
8,392,845
15,761,001
82,485,364
39,730,135
23.373,487
Freight (ton?) Moved ...
216,100
255,410
348,513
469,526
562.836
1,004,248
1,470,808
807,441
Freight (ton) Miles
12,504,218
13,974,253
19,511,452
30,687,380
39,162,019
68,964,956
93,583,088
61,483,488
Passenger Earnings
8
119,560
$
151,292
$
180,152
$
211,789
•
354,776
g
636,555
f
672,752
*
459,220
Freight Earnings
353.530
377,926
469,156
605,479
754,279
1,067,808
1,125,063
938,285
Miscellaneous
50,502
53,994
275,737
219,297
248,722
174,810
102,460
95,346
Total Earning!'
Expenses and Taxes
523,592
487,778
583,212
565,714
925,045
707,501
1,036,565
848,504
1,357,777
1,198,076
1,879,173
1,754,634
1,900,275
1,731,727
1,492,851
1,270,852
Net Earnings
35,714
17,508
217,544
188,061
159,701
124,539
168,548
221,999
Grose Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Aver. Rate p. Pass. p. Mile..
Aver. Kate p. Ton p. Mile..
Expense*1 to Earnings
1,537 13
1,522 07
15 06
2.26 c.
2.81 c.
98.16 p. c.
1,692 45
1,641 65
50 80
2.38 C.
2.87 c.
97 p. c.
2,684 40
2,053 11
621 29
2.48 c.
2.40c.
76.48 p. c.
3,008 02
2,642 28
365 74
2.52 c.
197C.
81.b6 p. C.
3,670 96
3,239 19
431 77
2.25 c.
1.93 c.
88.21 p. c.
4,765 73
4,452 24
313 49
1.96 c.
1.55 c.
93.37 p. c.
5,095 00
4,043 00
452 00
1 .69 c.
1.20 c.
91.13 p. c.
4,480 75
3.814 42
666 33
1.96 c.
1.53C.
85.12 p. C.
Common Stock
$
48,000,000
$
56,819,156
$
58,113,983
I
58,113,983
$
58,113,983
$
58,113,983
S
58,113.983
$
58jll3.983
Preferred Stock
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
114,000
73,000
Funded Debt
2,886,000
2.927,000
Sundry Accounts, etc.
80,556
330,438
904,812
649,911
474,318
271,838
385,257
1,661,988
986,631
25000
Other Liabilities ...
4,892,068
5,192,461
Profit and Loss
31,582
260,853
535,545
458,985
468,280
496,615
465,953
Surplus Income
119 606
Total Liabilities
58,931,294
60,705,274
61,554,440
67,776.845
67,236.673
61,901,436
62,084,799
Road and Equipment I
1 ..
50,163.807
51,506,155
52,210,123
52,856,018
53 153,268
And other Lines. . ( ""
)
2,000,000
4,865,916
7,903,934
11.677,460
11,685,101
61,574,357
Sundry Investments.
2 218 866
1 ,087,833
34 650
15841
Materials and Accounts
353,68;)
744,053
818,886
861,804
1,182,779
471 193
385,464
Cash and Loans
6,413,804
3,591,150
621,497
162,697
127,692
42,137
109,137
Total Assets
58,931,294
60,705,274
61,554,440
67,776,845
67,236,673
61,901,436
62,084,799
NOTE.— In the above comparative statement the traffic operations, earnings, expenses and income account for
1885 are for the year ending September 80, while the balance sheet represents the condition of the company June
SO, 1886. Prior to December 31, 1885, the operations include 53 miles of road between Cornwall and Weehawken.
RAILROADS LEASED BY NEYT YORK, ONTARIO AND WESTERN RAILWAY COMPANY.
HOME AND CLINTON RAILROAD.— Rome, N. Y., to Clinton, N. Y., 12.70 miles. Sidings, etc..
1.97 miles. Chartered June 3, 1869 ; road opened January 15, 1872. Leased by the Delaware and Hudson Canal
Co., at an annual rental of $25,500. Rental, 1884-8"). $35,500; expenses and raxes, §1,521.07 ; net income, $23,-
978.93. Paid dividends, January, Si per cent., and July, 3} per cent., $23,595.50. Surplus, $383.43. Capital stock,
:<! l->.:iOO; other liabilities, $194.50; profit and loss, $14,828.83— total, $300.383.43. Contra: Cost of road, $286,-
800 : real estate, etc., $73,200 ; cash, $383.43. On the completion of this line it was leased to the New York and
Oswru'o Midland Kit. Co. In January, 18i9, the first dividend was paid, being at rate of 3} per cent, in cash.
Bentalfl received prior to that time had been applied to liquidation of bonded deot of $100,000. In February, 1879,
« stock dividend of 20 per cent, was paid, and in July, 1879, January, 1880, and February, 1880, cash dividends cf
3j, 3.' and 3] per cent, respectively, the latter being from proceeds of receiver's certificates received from lessee for
rentals. Following this hist payment twelve regular semi-annual cash dividends have been paid from July, 1880,
to and including January, 1886, each at rate of 3J per cent., except that paid in January. 1885, which was of 3J per
cent. WM. 8. BAKTLETT, President ; Andrew VV. Mill*, Secretary and Treasurer. CORPORATE OFFICK, Clinton,
T7TICA, CLINTON AND BINGKET.AMTON RAILROAD.-Utica, N. Y., to Randallsville,
N. Y., 31.30 miles. Sidings. i>tc., 15.58 miles. Rail (steel, 31.28 miles). 62 Ibs. Organized December 19, 1869 ;
road opened June %,>2, 1872. Leased to the New York and Oswego Midland RK. Co., and lease transferred to Dela-
mortgage on both street and steam roads, dated 1866, due January, 1886, interest (7 per cent.), January and July ;
$300,000 mortgage on street and steam road to Smith's Valley, dated 1870, due January 1, 1890, interest (7 per
cent.), January and July ; $200,000 mortgage on steam rond, dated 1871, due January 1, 1890, interest (7 per cent.)
January and July : $100,000 mortgage on si earn road, dated 1872. due (1882, extended at 6 per cent.) January 1,
1890, interest January and July. Interest on all bonds payable at Onoida National Bank, Utica, N. Y. JAMES I.
SCOLLARD, President, Clinton, N. Y.; R. S. Williams, Secretary and Treasurer. CORPORATE OFFICE, Utica, N. Y.
POORS MANUAL OF RAILttOAES.
223
Board of Directors, New York, Ontario and Western Ry. Co., elected January 19, 1887.
Thomas P. Fowler. New York, N. Y.
Joseph Price London, Eng.
Byron D. Benson .. New York, N. Y.
Francis R. Culbert.New York, N. Y.
J.Coleman Drayton.New York, N. Y.
John Greenough...New York, N. Y.
Richard Irvin, Jr.. New York, N. Y.
H. O. Northcote. . .New York, N. Y.
Wm. H. Paulding..New York, N. Y.
Harry Pearson London, Eng.
Charles J. Russell London, Eng.
Thomas Swinyard.New York, N. Y.
Charles 8. Whelan Philadelphia, Pa.
THOMAS P. FOWLER, President New York, N. Y.
Tice- President— Joseph Price London, E
Asst. to Pres.— Thomas Swinyard New York, N.
General Manager— James E. Childs. . .New York, N. Y.
Secretary and 'Treat.— John Burton... New York, N. Y.
PKINCIPAL OFFICE AND ADDRESS 16 and 18 Exchange Place, New York, N. Y.
General Office in London . . 5 and 6 Great Winchester Street.
NEW YOKE, PHILADELPHIA AND NORFOLK RAILROAD COMPANY.
Main Line of Road. — Delmar, Del., to Cape Charles, Va 95 miles.
Crisfield Branch : King's Creek, Md., to Crisfield, Md 17 miles*.
Total completed line 112 miles.
Sidings, 10 miles. Gauge, 4 feet 9 inches. Rail (steel, 114 miles), 60 Ibs.
History. — The Worcester and Somerset RR. Co. was incorporated under special act of
the Maryland Legislature, and built a road from Newtown Junction to Pocomoke City, Md.,
9 miles. Consolidated in 1882 with the Peninsula RR. Co., chartered to buiid from Poco-
moke, Md., to Cherrystone, Va., 60 miles, the consolidation ast-uming the title of Peninsula
RR. Co. of Va. On September 17, 1881, the present company was chartered as successor to
thePeninsulaRR. Co. of Virginia. On January 1, 1884, the Eastern Shore RR., extending from
Delmar, Del., to Crisfield, Md., 38 miles, was purchased and consolidated. That company
was chartered March 28, 1853, and road completed hy 1865. This purchase gave to the com-
pany a line extending from Delmar, Del., to Pocomoke, Md., with brand) to Crisfield, in all 47
miles. The road was extended from Pocomoke, Md., to Accomac, Va., 28 miles, August 18,
1884 ; from Accomac to Belle Haven, Va., 14 miles, September 29, 1884 ; from Belle Haven
to Cape Charles, Va., 23 miles, November 17, 1884. The company also operates 36 miles of
ferry between Cape Charles, Old Point Comfort, Portsmouth and Norfolk.
Rolling1 Stock, December 31, 1886. — Locomotive engines (owned, 7 ; leased, 3), 10. Cars
— passenger, 2 ; baggage, mail and express, 2 ; freight (box, 152 ; platform, 6), 158 ; other, 1
— total, 163. The box cars were acquired through car trust.
Floating Equipment. — Steamboats, 2 ; tug-boats, 2 ; car floats, 3. One steamboat, one
tug, and two car floats were acquired by floating equipment trust.
Operations for year ending December 81, 1886. — Train mileage — passenger, 160,421 ;
freight, 152,057 ; other, 5,300 — total, 317,778 miles. Passengers carried. 124,866 ; carried one
mile, 4,640,755 ; average mile rate, 2.79 cents. Tons freight moved, 172,335 ; moved one mile,
14,210,116 ; average ton-mile rate, 1.67 cents.
Earnings.— Passenger... ....$129,309 43 Expenses.— Transportation $139,998 47
Freight 237,86431 Motive Power 65,09347
Mail 21,73822 Maintenance of Cars 7,773 (iO
Express 9,630 51 Maintenance Way and Buildings. 40,742 72
Miscellaneous 27,36377 Ferry Service 97,82654
General 13,853 60
Total ($3,802.73 per mile) $425,90624 Total ($3,257.04 per mile) $364,78840
Net earnings (14.35 per cent.), $61,117.84. Payments : Interest on bonds, $124,380 : ou
ferry equipment trust ceitificates, $6,075 ; on car trusts, $5,050 ; other interest, $3,675.36 —
total, $139,180.36. Deficit, $78,062.52; deficit from last year, $107,191.02— total deficit,
$185,253.54.
General Balance SJieet, December 31, 1886.
Cost of Road $4,490,361 31
Cost of Rolling Stock 331,818 69
Real Estate and Buildings 28,847 M
Stocks and Bonds Owned 25,500 00
Materials and Fuel on Hand. . . . 21,897 09
Bills Receivable 146.36559
Current accounts. ... 29,279 04
Cash on Hand. . . 4,544 91
Profit and Loss 185,25354
Total Assets, ... $5,263,867 77
Capital Stock $1 ,714,875 00
Funded Debt Outstanding...: 3,073,000 00
Bills Payable 65,82747
Current Accounts 14,581 91
Interest on Bonds 168,780 00
Loan Account 227,80339
Total Liabilities $5,263,86777
POOR'S MANUAL OF KAILROADS.
The funded debt consists of $1,848,000 firs-t mortgage 6 percent. 40-year gold coupon
and registered $1,000 bonds, due January 1, 1923, interest payable January and July ; $1,-
000,000 income, mortgage 6 per cent, non-cumulative 50-year registered $1,000 bonds, due
October 1, 1933, interest payable January and July ; $225,000 botiomry mortgage 6 per cent,
coupon $5,000 and $10,000 bond?, dated April 1, 1885, dae April 1, 1887, interest payable
April and October.
Annual meeting, third Monday in January ; books do not close. Union Trust Company
of New York City, trustee of bonds. Registrar of stock, Guarantee Trust and Safe Deposit
Co., Philadelphia, Pa. Stock authorized, $2,500,000 ; par, $100. Stock and bonds listed on
Philadelphia Stock Exchange. Voting power attaches to stock after 90 days' ownership.
Directors (elected January 17, 1887).— A. J. Cassatt, William A. Patton, J. G. Cassatt,
C. A. Griscom, R. H. Townsend, Jr., Philadelphia, Pa.; William L. Scott, Erie, Pa.; U. H.
Painter, Washington, D. C.
A. J. CASSATT, President Philadelphia, Pa.
Wm. A. Patton, Vice-President : Philadelphia, Pa.
Treasurer— 3. G. Cast>att Philadelphia, Pa. | Secretary & Auditor— Wm. Caries, Jr. Philadelphia, Pa.
Superintendent— R. W. Duune Cape Charles, Va.
PBINCIPAL OFFICE AND ADDHKSS Cape Charles, Va.
Transfer Office 305 Walnut Street, Philadelphia, Pa,
NEW YORK, RUTLAND AND MONTREAL RAILWAY COMPANY.
Line of Road. — Chatham Four Corners, N. Y., to Bennington, Vt 57.10 miles.
Sidings, etc., 4.90 miles. Gauge, 4 ft. 8£ in. Rail (steel 19 miles), 60 Ibs.
History. — Chartered December 31, 1883, for the purpose of consolidating the Lebanon
Springs and the Bennington and Rutland RR. Cos. The Lebanon Springs RR. Co. was char-
tered March 28, 1852, and built the road as above, opening it in 1869. On October 1, 1880, it
went into the hands of a receiver, and was sold under foreclosure June 12, 1885. Purchased
by a syndicate of bondholders, who transferred it to present company April 1, 1886. The
company is building an extension from Lebanon Springs, N. Y. , to a connection with the
Boston and Albany RR., at the Mas.-achusetts Line, a distance of about 10 miles.
Rolling Stock. — Locomotive engines (owned, 3 ; leased, 4), 7. Cars — passenger, 7 ;
baggage, mail and express, 3 ; freight, 11 — total, 21.
Operations for year ending September 30, 1886. — Train mileage — passenger, 18,908 ;
freight, 39,470— total, 58,378 miles. Passengers carried, 36,705 ; carried one mile, 434,613 ;
average mile rate, 2.97 cents. Tons of freight moved, 30,023 ; moved one mile, 984,813 ; av-
erage ton-mile rate, 3.075 cents. Earnings — passenger, $12,912.10; freight, $26,655.42; mail
and express, $1,976.68 ; other, $3,622.74— total, $45,166.94. Expenses — maintegance of way,
$6,669.86 ; motive power and cars, $5,431.84; transportation, $19,630.77 ; general, $9,812.81
—total, $41,545.28. Net earnings, $3,621.66.
Financial Statement, September 30, 1886.— Capital stock (par $100), $1,644,000; funded
debt, $1,000,000; audited vouchers and pay-rolls, $6,489.73 ; current accounts, $157,881.50 ;
profit and loss, $2,556.49— total, $2,810,727.72. Contra: Cost of road, $2,755,291.86 ; equip-
ment, $45,797.93 ; cash, $3,976.79 ; due by agents, $3,817.92; open accounts, $2,043.22— total,
$2,810,927.72.
Funded debt consists of $1,000,000 ($3,425,000 authorized) consolidated first mortgage 6
per cent. 30-year bonds, dated January 1, 1884, interest payable May and November.
Capital stock authorized— common, $3,425,000 ; preferred, $2,000,000. Preferred stock
entitled to 6 per cent, non-cumulative dividends before anything is paid on common. Trus-
tee of bonds and registrar of stock, American Loan and Trust Co., New York, N. Y.
Annual meeting, last Thursday in January.
Directors.— Francis A. White, William Foster, Jr., George A. Scott, John C. Short,
Delano C. Calvin, Theo. P. Talbot, Wm. P. Watson, Charles H. Capen, John F. Scott, R. N.
POOR'S MANUAL OP RAILROADS. 225
Hazard, New York, N. Y. ; William V. Reynolds, Reynolds, N. Y. ; John L. Butman, Sara-
toga Springs, N. Y. ; Cornelius S. Bushnell, New York, N. Y.
FRANCIS A. WHITE, President New York, N. Y.
John C. Short, Vice-President New York, N. Y.
Sec. and Treas.—Wm. P. Watson . . . .New York, N. Y. | General Manager— C. E. White Benaington, Vt.
Auditor— R. J. Bestor Bennington, Vt.
PRINCIPAL OFFICE AND ADDRESS Bennington, Vt.
NEW YORK, STJSdTIEHANNA AND WESTERN RAILROAD COMPANY.
Main Line of Road.— Marion, N. J., to Gravel Place, Pa 101.30 Jiiles.
Paterson Extension : Broadway, Paterson, to Paterson City, N. J 0.75
Unionmlle Branch : Two bridges to Unionville, N. Y 20.50
Delaware Branch : Columbia Junction to Delaware, N. J 3.10
Wintan Branch : Priceville to Winton Junction, Pa 5.50
Other Branches in Lackawaima Valley, Pa 2.90 — 32.75 miles.
( Middletown, Unionnlle and Water Gap RR 13.90 miles.
Leased : -/, Lodi Branch RR.: Lodi Junction to Lodi, N. J 1.75 miles.
(Passaic and New York RR.: Passaic Junction to Passaic 3.00 miles.
Trackage : Penna. RR.: Marion to Jersey City 2.50 miles.
Total length of road (owned, 132.65— N. J., 118.95 ; Pa., 15.10) operated. . .155.20 miles.
2d track, 0.75 mile ; sidings, etc. (owned, 32.6 ; leased, 1.7), 33.76 miles. Gauge, 4 ft. 9 in.
Rail (steel, 124.25 miles), 56 and 60 Ibs.
History. — Consolidation, June, 1881, of the Midland RR. of N. J., the Paterson Exten-
tion RR., the Midland Connecting Ry., the North Jersey RR., the Water Gap RR., and the
Pennsylvania Midland Ry. Companies. For further particulars see MANUAL for 1884, page 215.
Rolling Stock, December 31, 1886. — Locomotive engines, 37. Cars — passenger, 24 ; com-
bination, 13 ; baggage, etc., 4 ; freight (box, 210; platform, 175; coal, 1,400), 1,785 — total,
1,826. Also, 10 caboose and 13 service cars. The following (included in above statement)
have been acquired through car trust : locomotive engines, 15 ; cars — passenger, 12; freight
(box, 150 ; platform, 55 ; coal, 1,400), 1,605 ; caboose, 6— total cars, 1,619.
Operations for year ending December 31, 1886. — Train mileage — passenger, 409,665 ;
freight, 322,755— total, 732,420 miles. Passengers carried, 937,674 ; carried one mile, 15,-
482,574; average mile rate, 1.60 cents. Tons freight moved, 918,467 ; moved one mile, 73,-
722,163 ; average ton-mile rate, 1.13 cents.
Earnings.— Passenger $247,154 60
Freight, Coal and Milk 830,953 76
Mail . 9,058 92
Express 6,34756
Miscellaneous... 35,92569
Total ($7,277.32 per mile) $1,129,440 53
Expenses.— Transportation $259,530 45
Motive Power 201,549 06
Maintenance of Cars 31,042 22
Maintenance Way and Buildings 113,174 32
General and Taxes ($34,493.42).. 66,859 02
Total ($4,330.90 per mile) $672,155 07
Net earnings (40.49 per cent.), $457,285.46; other receipts, $44,023.15— total available
revenue, $501,308.61. Payments : Interest on bonds, $305,600 ; car trusts, $159,419 ; other
payments, $8,644.09— total, $473,663.09. Surplus, $27,645.52.
General Balance SJieet, December 31, 1886.
Cost of Road.
Cost of Rolling Stock h $27,031,080 53
Real Estate and Buildings )
Stocks and Bonds Owned 1,924,081 00
Materials and Fuel on Hand 24,157 78
Bills Rec'ble & Advances to Coal Prod'rs. 369,183 46
Current Accounts 162,876 57
Cash on Hand. .. .... 21,15578
TotalA?sets $29,532,535 12
15
Common Stock Paid in (par, $100) $13,000,000 00
Preferred Stock Paid in (par, $100) 8,000,000 00
Funded Debt Outstanding 6,850,000 00
Bills Payable, Pay-rolls and Vouchers. . . . 278,359 26
Current Accounts 174,659 34
Coal Trust Notes 185,000 00
M., U. & W. G. RR., Bills Payable 62,800 00
Coupon Obligations (10-year scrip) 186.000 00
Liabilities, Land Department 43,088 00
CarTrnst 789,983 00
ProfltandLoss 27,64552
Total Liabilities $29,532,535 12
226 POOR'S MANUAL — NEW YOBK, SUSQTJEHANNA AND WESTERN RR. co.
Statement of operations, etc., for six years ending December 31 :
1881
1882
1883
1884
1885
1886
Miles of RR Operated
84.60
256,940
250,090
462,383
7,998,121
248,638
12,116,809
$
152,442 68
459,463 09
28,945 56
147.30
278,440
267,500
589,511
10,119,587
303,726
15,008,900
*
187,441 98
501,058 55
37,457 43
146.95
382.195
467,895
684,784
11,104,540
567,588
42,353,892
I
223.194 15
736,531 01
78,930 78
152.20
314.676
304,801
750,705
ia,156.798
685,909
55,093,477
$
239,404 43
739,072 08
55,731 79
155.20
404,418
303,391
790,559
13,257,585
849,315
70,398,760
$
234,068 01
807,188 80
51,097 82
155.20
409.665
322,755
937,674
15,482.574
918,467
73,722,163
|
247,154 60
830,953 76
51,332 17
Passenger Train Miles
Freight Train Miles
Passengers Carried
Tons Freight One Mile
Earnings Passenger . . . ....
Freight
Other
Gross Traffic Earnings
640,851 33
429,099 51
725.957 96
478,001 96
1,038,655 94
638,591 39
1,034,208 30
600,707 23
1,092.354 63 1,129,440 53
617.520 42, 672,155 07
Operating Expenses
Net Traffic Earnings
211,751 82
247,956 00
400,064 55
433,501 07
474,831 21
457,285 46
44,023 15
Total Income.
211,751 82
150,083 50
247,956 00
184,687 06
400,064 55
382,500 00
433,501 07
411,000 00
474,834 21
318,000 00
92,352 00
501,308 61
305,600 00
159,419 00
Interest
Gar Trusts
Rentals
37,249 50
11,083 16
13.335 6fi
37,329 50
12,205 31
lc,734 13
Other Payments
17,564 55
22,501 07
64,482 21
8,644 09
27,645 52
7,277 32
4,330 90
2,946 42
59.51 p. C.
1.60C.
1.13C.
Balance, Surplus
Gross Earnings per Mile
7,486 59
5,012 84
2,473 75
66.96 p. c.
1.91 c.
3.79 c.
7,187 72
4,732 68
2,455 04
65.84 p. c.
1.87 c.
3.27 c.
7,068 09
4,345 64
2,722 45
61.48 p. c.
2.01 c.
1.74 c.
6,795 03
3,946 83
2,84823
58.08 p. c.
1.97 C.
1.34 C.
7,i77 10
4,057 29
3,119 81
56.53 p. c.
1.58 C.
1.02 c.
Operating Expenses per Mile
Net Earnm"s per Mile
Expenses to Earnings
Average Passenger Mile Rate
Average Freight Ton-Mile Rate
Statement of funded debt, December 31, 1886:
Description.
Date.
Interest.
Due.
Outstand-
ing.
Annual
Charge.
M. RR. of N. J. 1st Mg. $500, $1,000
Paterson Ext. RR. 1st Mige. .$1,000
N. Y., S. & W. RR. 1st Mtge. $1,000
N. Y.,S. & W. RR. Debenture.. $500
April 1,1880
June 1, 1881
July 1, 1881
Aug. 1, 1882
4, 5, and 6 p. c. April and Oct.
6 p. c. June and December. . .
6 p. c. January and July
6 p. c. February and August..
April 1, 1910
June 1. 1910
July 1, 1911
Aug. 1, 1897
$
3,500,000
250,000
2,5W,000
600,000
$
210,000
15,000
150,000
36,000
Interest payable at company's office and at the National Park Bank, New York City.
The Midland RR. 1st mortgage bonds are secured by a first mortgage on the line from Marion
to Unionville, 71.6 miles. Of these bonds $500,000 were issued at 6 per cent., and on the re-
maining $3,000,000 interest was 4 per cent, for first year, 5 per cent, each for two succeeding
years, and 6 per cent, thereafter until maturity. The Paterson Extension bonds are secured
by a fiist mortgage on the road and real estate in the city of Paterson. The N. Y., S. & W.
1st mortgage bonds are secured by a first mortgage on the line from Two Bridges to Gravel
Place, the Winton, Delaware and Lackawanna Valley Branches, in all 61.6 miles, and by a
second mortgage on the main line and Paterson Extension. Central Trust Company, New
York City, trustee for all mortgages and registrar of stock.
Preferred stock is entitled to 6 per cent, cumulative dividends.
Annual meeting, first Thursday in May, at Jersey City, N. J. Books close for annual
meeting twenty days prior thereto. Common and preferred stock, 1st mortgage M. of N. J.,
first mortgage N. Y., S. & W. RR. and debenture N. Y., S. & W. RR. bonds, listed on New
York Stock Exchange.
Interest on 1st mortgage and debenture bonds of the New York, Susquehanna and West-
ern for the years 1885 and 1886 was paid half in cash and half in 10-year 6 per cent, scrip.
Since the close of the fiscal year the company has made two new issues of bonds — $3,750,000
1st mortgage refunding 5 per cent. 50-year gold bonds, dated January 1, 1887, interest pay-
able January and July ; and $1,000,000 second mortgage 4J per cent. 50-year gold bonds, due
February 1, 1937, interest payable February and August. With the 1st mortgage bonds the
company has taken up the 1st mortgage bonds of 1911, the coupon obligations issued for
POOR'S MANUAL OF RAILROADS. 227
coupons of same issue during 1885 and 1886, and all outstanding car trusts. With the 2d
mortgage bonds the company takes up the debentures and the coupon obligations of same
issued in 1885 and 1886, and reserves the balance for future improvements.
RAILROADS OWNED OR LEASED BY THE N. Y., 8. & W. RR. Co.
LODI BRANCH RAILROAD.— Lodi Junction to Lodi, N. J., 1.75 miles. Chartered June 15, 1880.
Capital stock (all owned by New York, Susquehanna and Western RR. Co.), $60,000. F. A. POTTS, President ;
Jiio. P. Rafferty, Secretary and Treasurer. CORPORATE OFFICE, New York, NT Y.
MIDDLETOWN UNIONVILLE AND WATER GAP RAILROAD.-Middletown, N. Y., to
Unionville, N. J., State Line, 13.9 ; total track, 15.6 miles. Organized May 25, 1866, and road opened June 10,
1868. Leased to New Jersey Midland KR. Co. from completion at a rental equal to interest on bonds and 7 per
cent, dividends on stock. Since July 1, 1883, pending a new arrangement, the road has been operated by the
N. Y., S. & W. RR. Co., under a traffic arrangement. Net earnings, 1886, $15,990.51 : other receipts, $174— total
income, $16,170.51. Expenses and taxes. $1,981.80. Net income, $14,188.71. Paid interest on bonds, «23,120—
deficit, $8,931.29. No dividends paid since July 1, 1883. Capital stock (authorized, $800,000— par, $50), $'49,850 ;
funded debt, 1st mortgage 7 per cent, tax-free 20-year gold bonds, dated November 1, 1866, due 1886, extended for
25 years at 5 per cent, (authorized, $225,000), $150,OuO ; 2d mortgage 5 and 7 per cent. 25-year bonds, due 1896
(authorized, $400,000), $250,000 ; unfunded debt, $30,824.28— total, $580,674.28. Per contra : Construction (net),
$350,476.47 ; cash on hand, $373 ; profit and loss, $229,824.81. The interest on 2d mortgage bonds was originally
7 per cent., but has been reduced to 5 per cent, by consent of holders of same. A controlling interest (1,250
shares) in the stock of this company has been recently acquired by a syndicate on behalf of the lessee company.
STEPHEN V. WHITE, President; Jno. P. Rafferty, Secretary and Treasurer. CORPORATE OFFICE, New
York, N. Y.
PASSAIC AND NEW YORK RAILROAD.-Passaic, N. J., to near Rochelle Park. N. J., 3 miles.
Total track, 3.4 miles. Gauge, 4 ft. 9 in. Rail, steel, 60 Ibs. Chartered July 15, 1885, and road opened February
8, 1886. Leased to the New York, Stisquehanna and Western RR. Co., which guarantees interest on bonds for 999
years. Capital stock, $70,000 ; funded debt, 1 st mortgage 6 per cent. 25-year coupon $500 bonds due December 1,
1910, interest June and December, payable at New York City, $70,000— total stock and bonds, $140,000, represent-
ing cost of road, etc. Annual meeting, second Monday in July. Books close 20 days prior thereto. Trustees of
bonds, Frederic A. Pott and Edward H. Ammidown. B. W. SPENCER, President ; Jno. P. Rafferty, Secretary
and Treasurer. CORPORATE OFFICE, New York, N. Y.
Board of Directors, elected May 6, 1886.
F. A. Potts New York, N. Y. I Henry Ssnford New York, N. Y.
Simon Borg New York, N. Y. R. K. Dow Claremont, N. H.
C. Minzesheimer . .New York, N. Y. Alfred Sully New York, N. Y.
Henry Marks New York, N. Y. | 8. V. White Brooklyn, N. Y
Charles Siedler. . . .Jersey City, N. J.
Jno I Blair Blairstown, N. J.
H. S. Pierce Scranton. Pa.
G. A. Hobart Paterson, N. J.
Jas. M. Hartshorne New York, N. Y.
F. A. POTTS, President and General Manager New York, N. Y.
S. V. White, Vice-President New York, N. Y.
Secretary and Treas.—S. P. Rafferty New York City. | Superintendent— C. D. McKelvey Jersey City, N. J.
Auditor— C. V. Ware New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 15 Cortlandt Street, New York, N. Y.
NEW YORK, WOODHAVEN AND ROCKAWAY RAILROAD COMPANY.
Line of Road.— Qlendale Junction, L. I., to Rockaway Beach, L. 1 10.75 miles.
Trackage Leased — Long Island RR. (see below) 15.50 miles.
Total length of lines operated 26.25 miles.
2d track, 10.75 miles ; sidings, 2 miles. Gauge, 4 ft. 8^ in. Rail (steel, 10.75 miles), 56 Ibs.
History.— Organized March 21, 1877 ; road opened August 26, 1880. This company uses
the track of the Long Island RR. Co., underlease, from Glendale Junction to Long Island
City, 6.5 miles, from Woodhaven to Flatbush Avenue, 6.5 miles, and from Fresh Pond to
Bushwick Avenue, 2.5 miles.
Rolling Stock.— Locomotive engines, 8. Cars (acquired through car trust)— passenger
56 ; baggage, mail and express, 6 ; freight (box, 20 ; coal, 13), 33 ; other, 9— total, 104.
Operations for year ending September 30, 1886. — Train mileage— Passenger,' 115,466;
freight, 7,435 ; other, 1,200 — total, 124,101 miles. Passengers carried, 776,753; carried one
mile, 19,418,825 ; average mile rate, 1.75 cents.
Earnings. — Passenger $122,045 16
Freight 8,439 10
Express 2,022 02
Miscellaneous 500 00
Total ($5,066.83 per mile) $133,006 28
Expenses.— Transportation $31,544 43
Motive Power and Cars 10,620 11
Maintenance Way and Buildings. 19,457 18
General 32,122 24
Total ($3,571.20 per mile) $93,743 96
Net earnings (29.52 per cent.), $39,262.32 ; sales of earth, $2,128.48 ; interest, $11,100—
total available revenue, $52,490.80. Payments— Interest on funded debt, $46,860 ; taxes on
228 POOR'S MANUAL OF RAILEOADS.
property, $1,592.06 ; other taxes, $676. OS— total, $49,128.08. Balance, surplus, $3.362.72.
Deficit from last year, $199,970.07 ; charges to profit and loss, $60— total, $200,030.07. De-
ficit as per balance sheet, $196,667.35.
General Balance Sheet, September 30, 1886.
CostofRoad $1,945,66893
Cost of Rolling Stock 357,883 18
Stocks and Bonds Owned 217,00000
Materials and Fuel on Hand. ..., 1,227 36
Other Property and Assets 10,807 23
Current Accounts 112,322 23
CashonHand '. 24,93203
Profit and Loss
Total Assets $2,866,508 41
Capital Stock (par, $100) $1,000,000 00
Funded Debt Outstandipg 1,780,213 00
Loans and Bills Payable 52,390 00
Current Acconnts 2,156 20
Interest on Funded Debt 28,810 00
Audited Vouchers and Pay-rolls 2,939 21
Total Liabilities $2,866,508 41
The funded debt outstanding September 30, 1886 ($1,780,213), consisted of—
1st mortgage 6 per cent. 20-year coupon $1,000 bonds, due January 1, 1902, interest January and July.; . $600,000
Income mortgage 6 per cent. 30-year $1,000 bonds, due January 1, 1912, interest January and July 1,000,000
Car-trust certificates due August 1, 1890, bearing 6 per cent, interest, payable February 1 and August 1. . 180,213
The first mortgage bonds are all coupon with provision for registration of principal, and
were used to pay off floating debt and for the improvement of the road. Of the amount
provided, $181,000 are reserved by the Fidelity, Insurance, Trust and Safe Deposit Co., of
Philadelphia, to protect the outstanding car trust. Interest on the income bonds is payable
if earned and is non-cumulative. These bonds were issued in exchange for old 7 per cent. 1st
mortgage bonds, and registered bonds without coupons are convertible into stock of company
after two years and within eight years of date. Dividends and interest payable at office of
company, Rockaway Beach, N. Y. Annual meeting fourth Tuesday of March ; books close
thirty days prior thereto. Metropolitan Trust Co. of New York, trustee of first mortgage
bonds, registrar and agent for transfer of stock ; A. S. Hatch and A. M. Kidder, trustees of
income bonds. First mortgage and income bonds listed on New York Stork Exchange.
Directors. — Austin Corbin, Babylon, L. I.; James M. Oakley, John H. Sutphin, P. H.
Cassidy, Jamaica, L. I.; J. R. Maxwell, Henry W. Maxwell, Brooklyn, N. Y. ; Henry Graves,
Orange, N. J.; John B. Thompson, Martin Freligh, John Stratton, Moses Mehrbach, New
York. N. Y.; John Birdsall, Glen Cove, L. I.; Frederick W. Dunton, Hollia, L. I.
JAMES M. OAKLEY, President and General Manager. .Jamaica, L. I., N. Y.
Ylce-Pres.— John B. Thompson. Rockaway Beach, N.Y. | Sec. and Treas.—P. H. Cassidy. Rockaway Beach, N.Y.
PKINCIPAL OFFICE AND ADDRESS Rockaway Beach, N. Y.
NORTHERN ADIRONDACK RAILROAD COMPANY.
Main Line of Road.— Moira, N. Y., to St. Regis Falls, N. Y 11.93
Northern Adir. Extension RR.: St. Regis Falls to Paul Smith Station, N.Y.22.00— 33.93 miles.
Sidings, etc., 0.85 mile. Gauge, 4 ft. 8| in. Rail (steel), 56 Ibs. per yard.
History.— Chartered February 9, 1883 ; main line opened November, 1883 ; branch from
St. Regis Falls to Santa Clara, 8 miles, in 1884. The Extension Co. was organized February
17, 1886, and extended the branch from Santa Clara to Smith Station, 14 miles, completing it
in July, 1886.
Rolling Stock. — Locomotive engines, 5. Cars, passenger, 3 ; baggage, etc., 2 ; flat, 32 ;
caboose, 1.
Operations for year ending September, 30, 1886.— Train mileage— passenger, 4,896 ;
freight, 21,672— total, 26,568 miles. Passengers carried, 25,224; carried one mile, 292,575.
Tons freight moved, 42,600 ; moved one mile, 537,386. Earnings— passenger, $12,352.46 ;
freight, $38,756.78; other, $2,120.44— total, $53,229.68. Expenses— maintenance of way,
$24,619.73 ; transportation, $15,858.35 ; motive power and cars, $1,257.26 ; general, $10,
515.56— total, $52,250.90. Net earnings, $978.78 ; surplus from last year, $263.13— total
surplus, $1,241.91.
POOR'S MANUAL OF RAILROADS. 229
Financial Statement, September 80, 1886.— Capital stock, $150,000; profit and loss,'
$1,241.91— total, $151,241.91. Contra : Cost of road, $150,000 ; cash on hand, $1,241.91.
Directors (elected at annual meeting, third Wednesday in June). — Samuel C. Trubee,
Wm. M. Terry, Charles B. Hotchkias, George Manger, Bridgeport, Conn.; W. L. Curtis,
Waterbury, Conn.; Charles L. Hotchkiss, John Kurd, Santa Clara, N. T.
JOHN HTJRD, President Santa Clara, N. Y.
Gen. Superintendent— M. Callahan St. Regis Falls, N. Y.
PRINCIPAL OFFICE AND ADDRESS St. Regis Falls, N. Y.
NORTHERN CENTRAL RAILWAY COMPANY.
Main Line of Road. — Baltimore, Md., to Sunbury, Pa 136.82 miles.
Green Spring Branch : Hollins to Green Spring Junction, Md 8.59 miles.
Union Railroad and Branch 8.64 miles.
Sodus Bay and Soiithern Railroad 34.10 miles.
( Shamokin Valley and Pvttsville RR. and Branch 29.78
Elmira and Williamsport RR 75.50
Leased- J Chemung BB 17.40
* ] Elmira, Jefferson and Canandaigua RR 46.60
Rockmlle Branch of Pennsylvania RR 2.83
[Summit Branch (agent for) 19.70—191.81 miles.
Total length of lines (owned, 188.15 miles) operated 379.96 miles.
Second track (lines owned, 101.75 ; leased, 1.89), 103.64 miles; sidings (lines owned, 95.95 ;
leased, 81.01), 176.96 miles; private sidings (lines owned, 15.92 ; lines leased, 3.19), 19.11
miles. Total tracks (lines owned, 401.77 ; lines leased, 277.90), 679.67 miles. Gauge, 4 ft. 9
in. Rail— iron, 60 and 64; steel (on line owned, 307.90; on leased lines, 203.14— total, 511.06
miles), 60 Ibs.
History. — Consolidation December 9, 1854, of the Baltimore and Susquehanna RR. Co.,
the York and Maryland Line RR. Co., the York and Cumberland RR. Co., and the Susque-
hanna RR. Co. The main line reaches the Elmira and Williamsport RR. and its northern
extension by using, under a traffic arrangement, 40 miles of the Philadelphia and Erie RR.
between Sunbury and Williamsport. The Shamokin Valley and Pottsville, and the Elmira
and Williampport RRs. were leased in 1863, for 999 years each. The Chemung and the El-
mira, Jefferson and Canandaigua RRs. are controlled through ownership of a majority of
stock.
In 1882 the company purchased the entire capital stock of the Union RR. Co., $600,000.
In 1884, the company purchased the entire capital stock of the Sodus Bay and Southern RR.
Co. A traffic contract has been entered into with the Stewartstown RR. Co., which has built
a line 7 miles in length from New Freedom to Stewartstown, Pa. (opened Sept. 10, 1885), by
the terms of which contract this company will secure all traffic controlled by the Stewarts-
town RR. Co., and destined to and from points on this company's main line and its con-
nections.
The Union Railroad since its acquirement has been operated distinct from the Northern
Central, and the financial results have been kept separate. The Summit Branch, being
operated by this company as agent of the lessee, its results have also been kept separate.
The Rockville Branch is operated as an extension of the Susquehanna Division under con-
tract. For fuller information, see MANUAL for 1885, page 261.
In addition to the mileage given above, the company uses the track of the N. Y., L, E.
& W. RR. between Southport and Horseheads, N. Y., a distance of 7 miles, making the total
length operated (excluding Sodus Bay and Southern, Summit Branch, and Union RRs.) about
323 miles. For operating purposes these lines are formed into six divisions, as follows : Main
line, 139 ; Green Spring Branch, 9 ; Shamokin, 28 ; Elmira, 78 ; Chemung, 22 ; Canandaigua,
230
POOR'S MANUAL — NORTHERN CENTRAL RY. CO.
47 miles. Separate accounts of the operations, earnings, etc., of the Sodus Bay and South-
ern, the Summit Branch and the Union RRs. are kept, and reference should be made to the
statements for those companies.
A controlling interest in (not a majority of) the share capital of this company is owned
by the Pennsylvania RR. Co.
Rolling Stock. — Locomotive engines, 152. Cars — passenger, 72 ; baggage, 22 ; express,
17 ; postal, 3 ; freight (box, 1,240 ; gondola, 993 ; stock, 47; stone, 55 ; coal— 8-wheel, 2,801 ;
lime, 50; caboose, 81), 5,267 — total, 5,381; tool aud working cars, 23. In addition to the
above equipment, 600 box cars, 950 8-wheel coal cars and 400 long gondolus were put in ser-
vice by the Pennsylvania Car Trust, and 386 long gondolas by the Pennsylvania Equipment
Trust.
Operations, etc., by divisions, for the year ending December 31, 1886 :
Main Line.
Green Spr'g
Branch.
Shamokin
Division.
Elmira
Division.
Chemung
Division.
Canand'a
Division.
Total.
Miles of Railroad
Passenger Train Miles .
Freight Train Miles. . .
Total Train Miles ... .
Passengers Carried ... .
Passsenger Miles
139
682,438
1,189,074
1,871,512
2,687,421
25,593,232
6,780.985
401,190,093
2,763,943
$
629,031 99
2,934,537 66
95,699 54
267,359 91
9
11,280
5,640
16.920
25,054
121,741
18,559
97,203
4,047
8
2,275 26
3,996 59
21202
13736
28
41,406
67,138
108,544
161,506
1,245.527
1.427.763
33,139,644
973,491
8
25,954 52
352,800 91
1,883 76
97286
78
154,385
610,745
765,130
204,019
5,525,423
1,834,700
107,128,3^7
1,110,334
8
140,782 06
570,589 79
19,777 89
9,039 56
22
62,419
110,334
172,753
174,282
2,526,737
1,063.464
23,035.634
595,279
8
48,769 72
76,510 60
4,243 90
97315
47
93,285
189,091
282,376
154,996
3,426,692
1,048,192
37,824.344
578.218
8
70,373 33
208,652 97
9,102 16
33981
323
1,045.213
2,172,02'J
3,217,235
3,407,278
38,439.352
12,173,r.63
602,415,245
6,025,312
8
917,186 88
4,147,088 52
1:30,919 27
279,422 65
Freight (tons) Moved .
Freight (ton) Miles. . . .
Coal (tons) Moved ... .
Barn's — Pas.& Misc.Pas.
Freight
Mail and Express
Miscellaneous
Total Earnings
Expenses— Main, of Way
Motive Power and Cars
Transportation, etc . . .
Total Expenses
Net Earnings
3,926,629 10
466,849 92
1,083,995 82
888,965 91
6.621 23
3,827 76
2,895 29
1,93367
381,612 05
28,504 70
60,774 33
75,848 57
740,789 30
100,33453
192,068 62
233,943 18
130,497 37
26,915 55
50,547 88
59,442 30
288,46827
42,715 02
95,235 25
128,369 60
5.474.617 32
669,147 48
1,485,517 19
1,388,003 23
2,439,811 65
1,486,817 45
277,347 88
8,656 72
def. 2,03549
164,627 60
216,984 45
526,346 33
214,442 97
136,905 73
def. 6,40836
266,319 87
22,148 40
3,542,667 90
1,931,94942
277,347 88
Other Receipts
Available Revenue
Interest, Rentals, etc ...
Balance, Surplus
1,764,165 33
950,368 71
def. 2,035 49
216,984 45
202,705 39
214,442 97
168,357 62
def. 6,408 36
30,15437
22,148 40
43,226 34
2,209,297 30
1,394,812 43
813,796 62
23,249 13
17,552 60
10,696 53
62. 13 p. c.
2.339 c.
2.475C.
L 0. 136 c.
0.731 c.
0.450C.
P 0.281 c.
def. 2,035 49
73569
961 86
def. 226 17
130. 74 p. c.
1 .869 C.
4.702C.
L 2.833c.
4.112C.
3.017c.
P 1.095 c.
14,279 06
13,629 00
5,879 56
7,749 44
43. 14 p. C.
2.072C.
2.129C.
L 0.057C.
1.065c.
0.417 c.
P0.648C.
4&08535
9.497 30
6,748 03
2,749 27
71. 05 p. C.
2.532c.
1.578C.
P 0.954 c.
0.533C.
0.410c.
P0.123C.
<*«/.36,56273
5.931 70
6,22299
def. 291 29
104. 81 p. c.
1.912c.
1.347C.
P0.565C.
0.332C.
0.447 c.
L 0.115C.
dc/.21,07794
6,137 62
5,66638
47124
92.32 p. c.
2. 043 c.
1.588C.
P 0.455 c.
0.552 C.
0.560C.
L 0.008 c.
814,484 87
16,949 28
10,968 01
5,981 27
64.71 p. c.
2.302c.
2.189 c.
P0.113C.
0.688C.
0 448 c.
P0.240C.
Gross Earnings per mile.
Expenses per mile
Net Earnings per mile..
Expenses to Earnings. . .
Earnings per Pass. p. m.
Cost per Pass, per mile..
Profit or Loss p.Pass.p.m
Earning* per Ton p. m. .
Cost per Ton per mile. . .
Profit or Loss p.Ton p.m.
Income and Profit and
Net Traffic Earnings 81,931,949 42
Less: Rentals $403,915 63
Interest on Equipment 40,528 09— 444,443 72
Balance, Surplus $1,487,505 70
Dividends and Interest from Investments. . 178,326 75
Interest on Equipment 43,637 58
Interest General Account 6,558 81
Contribution from P. RR. Co 48,824 74
Total Net Income 81,764,853 58
Surplus Income 1886 $294,48487
Balance of Profit and Loss 1885 989,268 18
Total $1,283,753 05
Loss Account, for 1886.
Interest on State Lien 890,000 00
Interest on bonds of 1900 235,800 00
Interest on Consols 319,020 00
Interest on 2d general Mortgage 189,950 00
Rents, Mortgages, Interest, etc 28,110 36
Interest on Car Trusts 68,270 96
Tax on Capital Stock 19,217 39
Dividends (8 per cent.) 520,00000
Total Payments $1,470,368 71
Depreciation in value of Accounts and Se-
curities Owned by Company 288,992 37
Balance to Credit of Profit and Loss, 1886. . 994,760 68
Total $1,283,753 05
POORS MANUAL — NORTHERN CENTRAL RY. CO.
231
General Balance Sheet, December 31, 1886.
Railway and Appurtenances $12,180,504 99
Equipment 4,196,107 85
Real Estate .. 1,590,070 19
Mortgage and Ground Rents Receivable. . 9,752 33'
Cash Deposited in Banks 531,572 21
Due from Agents, Connecting Roads, etc.. 642,643 98
Bonds and Stocks 4,596,819 50
Materials and Supplies 197,860 38
Depreciation Fund, Coal Lands 210,292 50
Total Assets $24,155,629 43
Capital Stock ($50 shares) f 6,500,000 00
Mori gage to State of Maryland 1 ,500,000 00
Funded Debt 13,301,00000
Mortgage and Ground Rents Payable 438,720 66
Dividends Payable January 15, 1887 260,000 00
Interest and Rentals Accrued 386.001 25
Pay-Rolls and Vouchers 395,016 90
Other Liabilities 175,761 38
Depreciation Fund, Coal Lands 209,368 56
Profit and Loss 994,760 68
Total Liabilities $24,? 55,629 43
The mortgage to the State of Maryland is the capitalization of an annuity of $90,000, and
is irredeemable.
Statement of funded debt in detail, December 31, 1886 :
Classes of Bonds.
Date.
Interest.
Due.
Amount.
Charges.
Mortgage Coupon Bonds
Dec. 4, 1865
July 1, 1868
July 1, 1868
June 1, '74 & '75
July 1, 1877
July 1, 1876
April], 1885
Jan. 1, 1876
Jan. 1, 1882
6 p. c. A. & O.
6 p. c. J. & J.
6 p. c.A. &O.
6 p. c. J. & J.
6 p. c. J. & J.
6 p. c. J. & J.
4ip.c. A. &O.
5 p. c. J. & J.
5 p. c. J. & J.
Apr. 1, 1900
July 1, 1900
July 1, 1900
July 1, 1904
July 1, 1904
July 1, 1904
Apr. 1, 1925
Jan. 1, 1926
Jan. 1, 1926
$
1,126,000
2,599,000
205,000
2366,000
1,000,000
1,000,000
1,220,000
2,785,000
1,000,000
$
67,560
155,940
12,300
141,960
60,000
60,000
54,900
139,250
50,000
Mortgage (gold) Coupon Bonds
Mortgage (gold) Registered Bonds
'Consol. General Mortgage (gold) bonds :
Series A. & B. stg. or $ Sinking Fund Bonds.
Series C. Dollar Bonds
$1,000,000 Loan $ Bonds (Series D.)
Series E. Dollar Bonds
2d General Mortgage Bonds :
Series A, Coupon
Series B, Coupon
Interest on all the dollar bonds is payable at the office of the treasurer in Baltimore.
Sterling interest is payable in London, at option of holder. The consolidated general mort-
gage (gold) is for $10,000,000, and covers all previous issues of bonds and mortgage debts
except the annuity of $90,000. The sterling bonds are provided with a sinking fund, in the
form of annual drawings of the outstanding bonds. Interest free of State and National
taxes.
Annual meeting of Northern Central Railway Company held on fourth Thursday in Feb-
ruary. Books close for annual meeting about 10 days prior thereto. Dividends paid on or
about the 15th days of January and July, to stockholders of record on the last days of pre-
ceding months. Entire issues of stock and bonds listed on Stock Exchange in Baltimore and
Philadelphia ; Series A and B (£ or $) bonds listed on London Stock Exchange.
Statement showing the dates and rates of all dividends paid by the Northern Central Ry.
since its organization :
No.
Date.
$
a
No.
Date.
V
i
No.
Date.
i!
No.
Date.
6
No.
Date.
3
A
1
May 6. '64
p.c.
5
10
July 27, '66
p.c.
2
19
Oct. 23, '68
pc.
2
28
Apr. 28, '72
Pgc.
37
Junel3,'83
P4C"
2
July 29, '64
2
11
Oct. 26, '66
2 i
20
Jan. 29, '69
2
29
Oct. 25, '72
3
38
Dec. 14,'83
4
3
Oct. 21, '<i4
2
12
Jan. 25, '67
2
21
Apr. 21, '69
2
30
June26,'74
3}
39
Junell,'84
4
4
Due. 17, '64
2
13
Apr. 26, '67
2
22
July 23, '69
2
31
Feb. 24,76
3
40
Dec. 12,'84
4
5
Apr. 21, '65
2
14
July 29, '67
2
23
Oct. 29, '69
2
32
Dec. 10, '80
2*
41
June 15, '85
4
6
June 21, '65
2
15
Oct. 25, '67
2
24
Apr. 23, '70
3
33
Jnne 8, '81
3
42
Dec. 14, '85
4
7
Oct. 27, '65
2
16
Jan. 24, '68
2
25
Oct. 28, '70
3
34
Dec. 21, '81
3
43
June 15, '86
4
8
Jan. 25, '66
2
17
Apr. 28, '68
2
26
Apr. 28, '71
3
35
June23,'82
3
44
Dec. 13,'8S
4
9
Apr. 20, '66
2
IS
July 23, '68
2
27
Oct. 28, '71
3
36
Dec. 15,'82
4
The total percentage of dividends paid to date is 121, showing an average of 5.26 per cent, per annum for the
period (23 years) covered by the above table.
232
POOR S MANUAL — NOETHEBN CENTRAL RY. CO.
Statement of operations, capital accounts, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned. .
Miles of Railroad Operated
Miles of Track Owned
Miles of Steel Rail Owned.
Locomotive Engines
146.25
32-2.00
300.82
194.39
152
69
42
6,098
853,48(1
2,f;83,826
3,016,3(56
1,530,879
25,888.514
7,920,866
'.04192761
3,543,968
S
627,927
3,272,302
207,720
146.25
322.00
301.92
200.86
152
69
42
6,052
874,484
2,849,494
3,778,694
1.913,734
29,880,642
9,460,229
461 904456
4,196,715
$
695,430
4,131,008
223,949
146.25
322.00
303.81
237.69
152
69
42
5,459
957.385
1,961,022
3,976,062
2,430,162
34,370,948
10,527,706
506,180-310
5,076,963
S
808,554
4,3!I6,18"
238,959
146.25
322.00
317.51
233.28
152
69
42
5.249
969,081
2,905,479
3,925,439
2,590,582
36,727,734
11.057,355
502.363.778
5,392,431
8
885,789
4,507,099
407,288
146.25
323.00
329.11
292.70
153
69
42
5,249
986,037
3,044,524
4.107,867
2.848,547
38,003.861
11,394.730
521.889-324
5,884,368
S
956,995
4,749,9;9
381,207
145.41
323.00
336.88
292.70
152
69
42
5.24S
1,028,903
2,794,48t
3,912,964
3,131,747
39,0(19,765
10,774,129
506975,576
5,679,552
S
961,201
4,181.442
379,234
145.41
323.00
329.68
283.71
152
72
42
5,267
1,092,192
2.118,571
3,120,763
3,197.202
37,324,977
12,091,022
5P5.085 163
' 6,426,319
S
898,752
4,192.10.-)
400.066
145.41
379.96
325.58
807.92
152
72
42
5,267
1,045,213
2,172,022
3,217,235
3.40:.-,'78
38,439,352
12,173,663
602 415 245
6,025.312
8
917,187
4,147,088
410,342
Passenger Cars
Baggage, Mail, etc., Cars..
Freight Cars
Passenger Train Miles
Freight Train Miles
Total Engine Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Coal (inc. in Freight) tons.
Passenger Earnings
Freight Earnings
Miscellaneous
Gross Traffic Earnings
Transportation Expenses. .
Net Traffic Earnings
4,107,949
2,861,942
5,050,387
3,255,268
5,443,700
3,787,446
5,800,176
3,842,323
6,088.131
3,831,605
5,251.877
3,468,393
5.490.023
3,255.6:4
5.474,617
3.542,668
1,246,007
334,132
1,795,119
248,515
1,656,254
261,200
1,957,853
283,969
2,256,526
X46,843
2,053.484
263,830
2,235,309
254,071
1,931,949
277,348
Other Recei pts
Available Revenue
1,580,139
379,967
917,'962
3,800
36.6:38
163,995
12,757 60
8.888 02
3,869 59
69. 66 p. c.
Cts.
2.426
2.625
L. 0.199
0.810
0.540
P. 0.270
$
5,842,000
15,445,000
2,043,634
396,967
55,130
909.314
7,254
49,126
(2i)146,047
499,796
15,684 43
10,109 53
5,574 90
64. 45 p. c.
Cts.
2.3-27
2.415
L. 0.088
0.894
0.549
P. 0.345
$
5,842,000
15,462,000
1,917,454
462,580
46,894
903,845
10,140
35,958
(6) 350.517
107,520
16,905 90
11,762 25
5,143 64
69.58 p. c.
Cts.
2.352
2.167
P. 0.185
0.869
0.601
P. 0.268
$
5,842.000
15,378,000
2,241,822
428,809
48,447
956,416
43.210
35,523
(7) 444,272
285,145
18,012 97
11.9:!3 68
6,080 29
66.24 p. c.
Cts.
2.412
2.168
P. 0.244
0.897
0.606
P. 0.291
8
6,500,000
15,379,000
440,812
2,503.369
440,498
52,175
934,251
15.893
36,807
(8) 520.000
503,745
18,848 70
11,862 55
6.986 15
C2.93 p. c.
Cts.
2.453
2.118
P. 0.335
0.910
0.580
P. 0.330
S
6.500,000
15,346,000
432,987
2,317,314
397,667
56,143
935.014
21.8-26
32.636
(8) 520;000
354,028
17,095 59
10,738 06
6,357 53
62.81 p. c.
Cts.
2.391
2.003
P. 0.388
0.825
0.530
P. 0.295
$
6.500,000
15,253.000
433,821
2,489.380
397.6'i7
44.537
931, e;-,
21.826
31,864
(8) 520.000
543,214
2.209.297
403,916
40,528
903,041
19,217
28,110
(8) 520,000
294,485
16,949 28
10,968 01
5,981 27
64.71 p. c.
Cts.
2.302
2.189
P. 0.113
0.688
0.448
P. 0.240
S
6.500,000
14,801,000
433,721
Lease Rentals
Interest on Equipment
Int., Premium & Discount.
State Tax on Stock, etc
Rents, Int. on Mort.. etc. . .
Dividends on Capital Stock.
Balance. Surplus
Gross Earnings per Mile . . .
Gross Expenses per Mile . . .
Net Kuril i tigs per Mile . . .
16,999 76
10,079 46
6.920 30
59.29 p. c.
Cts.
2.329
2.081
P. 0.248
0.704
0.417
P. 0.287
8
6,500,000
14,901,000
.440,354
Expenses to Earnings
Earnings p. Pass. p. Mile. . .
Expanses p. Pass, per Mile.
Profit and Loss
Earnings per Ton per Mile.
Expense* per Ton per Mile.
Profit per Ton per Mile
Capital Stock
Funded Debt
Grd. Rents find Mortgages.
Bills Payable
2.80,000
406,941
321,151
102,382
Interest & Rentals Accrued
Pay-rolls for December, etc.
Other Liabilities
406,031
350,049
138,255
14(i,0-J7
187,708
36,575
403,451
539,505
206,568
175.268
305. (597
74,693
422,!>66
746,443
203,214
260,000
439,397
114.159
423,086
557,957
179,316
260.000
925,529
146,6*1
422,156
397,C68
185,837
260,000
1,195,210
186,479
388,861
376,803
191,964
260.000
989,268
197,399
386,001
395,017
175,761
260,000
994,761
209,3 8
Dividends Payable
Profit and Loss
Depreciation Fund.
Total Liabilities
22,400,474
12,184,505
4,196.107
1,021 545
3.048,681
745,778
22,568,605
12,184.505
4,196,107
971,345
3,048.681
63(1,966
22.925,172
12 184.505
4,196,107
1,140,208
3,048,681
654,397
24,505,991
12.130.505
4,196.107
1,653,099
3,04 v6Sl
1,275,556
9,753
24,771,466
12,180,505
4.196.107
1. (14-2.453
3,048,681
1 335839
24.833.671
12,180,505
4,196,107
1,684.252
3,048.681
1,521,125
24.245.649
12,180,505
4,196,107
1,688,806
2,500,000
1,735,776
84,155,629
12,?80,505
4.1%,107
1,590,076
Railway
Equipment
Real Estate
Stock of Leased Lines
Stocks and Bonds
4,596,820
9,752
210,293
197,860
64-2.644
531,572
Grd. Rents and Mortgages
9,; 52
147,600
331,192
629,762
727,823
9,752
154,980
3^0,459
447,462
699,556
9,752
191,542
289.123
508,-276
945,762
Depreciation Fund
Material and Supplies
Accounts Current...
804,141
465,761
277,572
97,187
266,595
613.859
396,420
496,109
442,626
413,632
386,490
783,275
5:34,303
Cash on Hand and in Bank.
Profit and Loss
Sinking Fund
159,197
251,187
348,907
438,022
521,752
550,792
Total Assets
22,400,474
22,568,665
22,925,172
24,505,991
24,771,466
24,833,671
24,245,649
24,15c,629
Statement of Insurance Fund, year 1886.— Receipts : Balance from 1885, $840.80;
premiums, $40,540.74; interest from investments, $12,130.78— total, $ 53,512.32. Disburse-
ments: Premiums, $5,621.25; losses from fire, $4,968.43; securities purchased, $42,772;
cash balance, $150.64— total, $53,512.32.
POOR'S MANUAL OF RAILROADS. 233
RAILROADS LEASED OH OWNED BY THE NORTHERN CENTRAL RAILWAY COMPANY.
CHEMUNO- RAILROAD.-Chemung Junction to Walking, N. Y., 17.40 ; total track (ste<-l, 17.40), 28.75
miles. Chartered May 14, 1845 ; road opened in 1849. Leased while in course of construction to the New York
and Erie RR. Co. for 10 years, and again January 1, 1859, for 20 years ; lease cancelled and annulled May 10, 1872.
Since termination of lease, the N. C. Ry. Co. has operated the road at cost. (See Elmira, Jefferson and Canan-
daigua.) Dividends paid in 1886 (6 per cent.), $22.800. The first dividend was paid in November, 1851. and up to
the close of the last fiscal year there were 62 dividend payments, aggregating 250 per cent. For particulars see
MANUAL for 1886. page 232. Capital stock, $380,000. GKOUGE B. ROBERTS, 2'resident, Philadelphia, Pa. ; J. S.
Leib, Treasurer, Baltimore, Md. CORPORATE OFFICE, Elmira, N. Y.
ELMIRA, JEFFERSON AND CANANDAIGTJA RAILROAD.-Watkins to Cunandaig.ia,
N. Y., 46.60 ; total track (steel, 46.60), 5U.77 miles. Chartered as Canandaigua and Corning RR. Co., May 14, 1845 ;
name changed to Canandaigua and Elmira, March 8, 1850. Road opened September 15, 1851. Sold under foreclos-
ure and reorganized February 18, 1859, under existing name. Leased for twenty years to N. Y. and Erie RR. Co.,
from January 1, 1859, at 5 per cent, on capital stock. Lease transferred to N. C. By. Co., M*y 1, 1866. Since ter-
mination of lease the road has been operated at cost by the N. C. Ry. Co. On the 31st of December, 1886, the
Elmira, Jefferson and Canandaigua, the Chemung,and the Sodus Bay and Southern RRs. were consolidate! under
the title of the Elmira and Lake Ontario RR. Dividends paid in 1886 (6 per cent.), $30,000. This company has
paid 70 dividends, aggregating 14l£ per cent., since its organization— the first in May, 1859, and the last in Septem-
ber, 1886. For particulars see MANUAL for 1886, page 2:i2. Capital stock, $500,000. GKOFGE B. ROBERTS, Presi-
dent, Philadelphia, Pa. ; J. 8. Leib, Treasurer, Baltimore, Md. CORPORATE OFFICE, Elmira, N. Y.
ELMIRA AND WILLIAMSPORT RAILROAD.-Williameport, Pa., to Elmira, N. Y., 75.50 ;
total track (steel, 75.5), 106.57 miles. Chartered as Williamsport and Elmira RR. Co.. June 9, 1832 : opened Sep-
tember 9, 1854. Reorganized after foreclosure and sale, under existing til le, February 29, 18CO. Leased to N. C. Ry.
Co. for999 years from May 1, 1863. Rental for 1886, $151,500. Payments: Dividends (on common stock, May and
November,' each 2.5 per cent. ; on preferred stock, January and July, each 3.5 per cent.). $60.000 ; interest, $88,500 ;
organization expenses, $3,000. First dividend on preferred stock, 2 j per cent., was paid January 1, 1864 ; on July 1,
1864, and semi-annually since, dividends of 3J per cent, each have been paid, making 46 dividends in all. On com-
mon stock, 40 regular semi-annual dividends of 23 per cent, each have been paid from May 1. 1864 to November 1,
1886, both inclusive. Capital stock (par $50), common. $500,000, preferred, $500,000 ; funded debt, 1st mortgage 6
per cent, bonds, $1,000,000 ; income 5 per cent, bonds, $570,000 ; other liabilities, $35 ; profit and loss, #4.480.73 —
total, $2,574.515.73. Contra: Cost of road, $2,218,000; equipment, $352,000; stocks and bonds, $3,309.39; cash
and other assets, $2,206.34. Stock and bonds listed on Philadelphia Stock Exchange ; annual meeting, first ^Mon-
day in May ; books close for annual meeting ten days prior thereto ; books close for dividends ten days prior to
payment of same. THOMAS NEILSON, President ; Lewis P. Geiger, Treasurer. CORPORATE OFFICE, Phila-
delphia, Pa.
SHAMOKIN VALLEY AND POTTSVILLE RAILROAD.-Snnbury to Mount Carmel, 27.30,
and branch to Lancaster colliery, 2.48— total, 29.78 ; total track (steel, 27.30). 51.88 miles. Originally the Danville and
Pottsville RR. Co., chartered in 1826. The Philadelphia and Sunbury RR. Co., chartered in 1851, succeeded that
Company and reconstructed the road, which had been abandoned for several years, and it was opened to Sunbury
in 1857. In 1858 the property was transferred (by foreclosure of second mortgage ; bondholders becoming stock-
holders in the new company) to the existing company, and February 27, 1803, leased for !)99 years to the N. C. Ry.
Co., which pays interest on bonds, $140,000, and 6 per cent, on stock, $52,167. Dividends February and August,
3 per cent, each at office of treasurer. Capital stock (par, $50), $869,450: funded debt, 1st mortgage 7 per cent.
30-year bonds, due July 1, 1901, interest January and July, $2,000,000— total, $2,869,450. Cost of road and coal
lands, $2,875,700. GEOUGE B. ROBERTS, President ; Taber Ashton. Treasurer ; Albert Hewson, Secretary. COR-
PORATE OFFICE, Philadelphia, Pa.
UNION RAILROAD.— Baltimore to Bayview Junction, Md., 3.50; Main Line to Canton Wharves,
5.14— total, 8.64 miles. Total track, 23.56 miles. Chartered in 1866 ; road opened in 1873. On March 1, 1882, the
Northern Central Ry. Co. acquired control of this road by purchase of its entire capital stock, and assumed pay-
ment of the bonded debt, principal and interest. Capital stock, $600,000 ; funded debt (1st mortgage 6 per cent.
28-year bonds, due January 1, 1895, interest January and July, $117,000 ; 1st mortgage 6 per cent. 25-year bonds,
due January 1, 1895, interest January and July, $783,000 ; 2d mortgage (£ or $) 6 per cent. 27- year bonds, due
May 1, 1900, interest May and November, $600,000), $1,500,000— total, representing cost of road, etc., $2,100,000.
The $117,000 1st mortgage bonds are indorsed by the City of Baltimore, the rest by the Canton Company. B. F.
NEWCOMER, President; John S. Leib, Treamrer. CORPORATE OFFICE, Baltimore, Md.
Board of Directors Northern Central Ry. Co., elected February 25, 1886.
A. J. Cassatt Philadelphia, Pa.
J. N. DuBarry Philadelphia, Pa.
Henry Gilbert Harrisburg, Pa.
John P. Green Philadelphia, Pa.
J. N. Hutchinson.. Philadelphia, Pa.
Henry James Baltimore, Md.
Wistar Morris Philadelphia, Pa.
B. F. Newcomer Baltimore, Md.
Dell Noblit Philadelphia, Pa.
George Small Baltimore, Md.
Edmund Smith Philadelphia. Pa.
II. Walters Baltimore, Md.
GEORGE B. ROBERTS, President Philadelphia, Pa.
Frank Thomson. Vice-President Philadelphia, Pa.
Secretary— Stephen W. White Baltimore Md. | Treasurer— John S. Leib Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Calvert Station, Baltimore, Md.
Transfer Agency No. 233 South Fourth St., Philadelphia, Pa.
OGDENSBTJRG AND LAKE CHAMPLAIN RAILROAD COMPANY.
Line of Road.— Ogdensburg, N. Y., to Rouse's Point, N, Y - 118 miles.
Sidings, etc., 29.16 miles. Gauge, 4 ft. 8J in. Rail (steel, 116.34 mile?), 56 Ibs.
History.— Chartered as Northern RR. Co. May 14, 1845 ; road opened October 1, 1850.
Reorganized in 1857 under the name of the Ogdensburg RR. Co.. Transferred August 1,
1865, to Ogdensburg and Lake Champlain RR. Co. In 1884 a controlling interest in the
company was acquired by parties acting in the interest of the Central Vermont RR. Co., and
234
POOB'S MANUAL— OGDENSBURG AND LAKE CHAMPLAIN RR. CO.
in June of that year a Board of Directors representing that interest was chosen. Subse-
quently an injunction was granted by the Supreme Court of New York against the payment
of interest on the bonds of the Lamoille Valley Extension, and the operations of that line
were suspended.
Rolling Stock.— Locomotive engines, 32. Cars — passenger, 17 ; baggage, etc., 3 ; freight
(box, 1,404 ; platform, 225 ; stock, 27 ; coal, 54), 1,710— total, 1,730. Also 17 caboose cars.
Operations for year ending September 30, 1886. — See tabulated statement.
Expenses.— Maintenance of Way $67,413 40
Rolling Stock 68,541 84
Transportation 179,757 84
Miscellaneous 40,231 47
Total ($5,240.07 per mile) $618,328 76 Total ($3,016.48 per mile) $355,944 55
Net earnings (42.43 percent.), $262,384.21. Add rents, etc., $26,137.62— available rev-
enue, $288,521.83. Payments : Interest on bonds, $220,652.03 ; other interest, $15,084.70 ;
miscellaneous, $46,861.16— total, $272,607.89. Balance, surplus, $5,923.94.
General Balance Sheet, September 30, 1886.
Cost of Road and Equipment $7,568,03944 Capital Stock (par, $100) $3,077,50000
Real Estate
Current Accounts ,
Stock and Bonds
Other Property and Assets
Earnings.— Passenger : $116,599 54
Freight 451,059 49
Mail and Express 18,144 53
Miscellaneous ... 32,525 20
Total Assets $7,569,038 76
Statement of operations, etc., for eight years :
14,550 00
Funded Debt
4,509,400 00
57,460 44
Bills Payable and Loans
30,18800
10,000 00
3,789 68
8,983 88
Dividends Unpaid
100 00
Profit and Loss
38,061 08
,7.569.038 76
Total Liabilities. . .
$7,659,038 76
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles
151,453
153,199
175,553
197,906
197.086
208,166
161,881
161,639
Freight Train Miles
211,442
267,987
376,017
325,030
381,829
383,249
350,909
483,301
Passengers Carried. ....
103,982
106,539
94,372
160,014
166,004
169,064
152,809
154,478
Passenger Miles
3,645,821
3,769,830
3,228,371
4,846,825
5,025,608
4,93'.l,075
4,995,476
4,308,921
Freight (tons) Moved.
245,696
309,538
299,049
362,510
272,247
347,404
386.670
547,831
Freight (ton) Miles .
22.439,405
28,037,799
26,970,096
32,933,476
32,497,772
30.7~1,184
35,272,213
50,312,104
*
'$
$
$
' $
$
$
$
Gross Earnings. . . .
472,172
558,816
584,039
643,358
638,277
595,320
572,619
618,329
Transportation Expenses. . .
367,782
387,897
407,629
479,953
432,222
383,118
340,185
355,945
Net Earnings
104,390
170,91&
176,410
163,405
206,055
212,202
332,434
262,384
Gross Earnings per Mile . . .
3,870 26
4.576 84
4,949 42
5,452 19
5,407 44
4,579 39
4,852 00
5.240 07
Gross Expenses per Mile. . .
3,014 61
3,179 50
3,446 01
4,067 49
3.662 90
2,947 07
2,647 00
3,016 48
Net Earnings per Mile
855 65
1,396 84
1.503 41
1,384 70
1.744 54
1,63'J 32
2,205 00
2,223 59
Expenses to Earnings
77.80 p. c.
69.47 p. c.
69.79 p. c.
74.61 p. c.
67.72 p. c.
64.46 p. c.
61.19 p. c.
57.57 p. c.
Aver. Rate p. Pa*s. per Mile
2.27 c.
2.82 c.
3.48 C.
2.52 c.
2.57 C.
2.63 c.
2.86 c.
2.71 c.
Aver. Rate p. Ton per Mile.
1.38 c.
1.32 c.
1.39 c.
1.20 c.
1.25 c.
1.20 c.
1.09c.
0.90 C.
No dividends have been paid on the common stock since July 10, 1876.
The funded debt consists of :
Sinking fund 8 per c. 19-year bonds, dated March 1, 1871, interest March and Sept. $380,000
1st mtg. 6 per cent. 20-year bonds, dated July 1, 1877, interest January and July. . 600,000
1st con. mtg. 6 per cent. 40-year bonds, dated April 1, 18^0, interest April and Oct. 2,529,650
Income mtg. 6 per cent. 40-year bonds, dated April 1, 1880, interest April and Oct. 999,750
The 1st consolidated bonds ($3,500,000) are to be disposed of aa follows: $600,000 to retire
outstanding 1st mortgage bonds ; $380,000 to retire sinking fund bonds-; $1,400,000 to retire
preferred stock, leaving a balance of $1,108,000 on hand for future use. The income mort-
gage bonds were used to retire the balance of preferred stock and accumulative dividends
due on it. Bonds of all issues are coupon of $1,000 each ; consolidated mortgage bonds being
also $500.
Annual meeting, third Wednesday in June. Books close for annual meeting 30 days
prior thereto. Listed on New York Stock Exchange, $3,500,000 (whole issue) 1st consolidated
6 per cent, mortgage bonds ; on Boston Stock Exchange, as follows : Common stock,
POOR'S MANUAL OP BAILROADa 235
$3,077,000; 1st mortgage 6 per cent, bonds (option to pay in 1890), $600,000; sinking fund
8 per cent, bonds, $380,000 ; 1st consolidated 6s (whole issue), $3,500,000 ; income bonds,
$1,000,000. Trustees of 1st consolidated mortgage bonds, W. J. Averell and Stuyvesant
Fish ; and of 1st mortgage bonds, F. A. Cox. Thirty days' ownership of btock entitles holder
to vote. Interest payable at National Security Bank, Boston Mass.
Directors (elected June 16, 188G).— J. Gregory Smith, J. W. Hobart, F. S. Stranahan,
E. C. Smith, St. Albans,Vt. ; James R. Langdon, Montpelier, Vt. ; B. B. Smalley, Burlington,
Vt,; W. J. Averell, Ogdensburg, N. Y.; D. W. Lawrence, Malone, N. Y. ; S. A. Carlton,
Sterne Morse, W. A. Haskell, H. S. Millis, Boston, Mass.; Timothy Hoyle, Cham plain, N. Y.
J. W. HOBAKT, President St. Albans, Vt.
Tieamrer—D. D. Kanlett St. Alban?, Vt. Secretary— George T. Childs St. All ans, Vt.
Superintendent— F. W. Baldwin Ogdensburg, N. Y. Auditor— James G. Westbrook Ogdensburg, N. Y.
PRINCIPAL OFFICE AND ADDKESS Ogdensburg, N. Y.
Transfer Office St. Albans, Vt.
OIL CITY AND RIDGWAY RAILWAY AND MINING COMPANY.
Line of Eoad (as projected).— Oil City, Pa., to Ridgway, Pa about 90 miles.
In operation : Oil City to Cranberry Mines, Pa 6 miles.
Sidings on completed road, 1 mile. Gauge, 4 ft. 8£ in. Rail, 56 Ibp.
History. — The completed portion of this road was built during 1876. In May, 1881, the
road, together with 666 acres of coal lands and other property, was purchased by the Buffalo,
Pittsburgh and Western RR. Co. for $28,100, subject to a bonded debt of $15,000. That
company expended for betterments, etc., to December 31, 1881, $27,727.43, making the total
cost of the property $71,427.43. Subsequently the property was sold to the Northwestern
Coal and Iron Co.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $86,550 ; funded
debt, 1st mortgage 6 per cent, coupon $1,000 bonds, due January 1, 1888, interest payable
January and July, $15,000— total, $101,550. Cost of road, etc., $71,427.43.
Directors (elected May 28, 1886).— C. H. Clark, B. K. Jamison, E. W. Clark, Philadel-
phia, Pa.; C. H. Allen, Archer N. Martin, New York, N. Y.; J. E. Trimble, Penllyn, Pa.
G. CLINTON GARDNER, President New York, N. Y.
Sec. and Treasurer— J. R. Trimble Philadelphia, Pa. | General Manager— Ensign Bennett Buffalo, N. Y.
PRINCIPAL OFFICE AND ADDKESS 242 South Third Street, Philadelphia, Pa.
OWASCO RIVER RAILWAY COMPANY.
Line of Road. — Auburn to Owasco Lake, N. Y 0.50 mile.
Gauge, 4 ft. 8£ in. Rail (steel, 56 Ibs.).
History. — Chartered June 2, 1881. Road opened in September, 1882.
Rolling Stock. — Locomotive engines, 1. Cars (flat), 12.
Operations for year ending September 30, 1886. — Trains run (freight), 572 mile?. T. ns
freight moved, 31,932; moved one mile, 15,414. Gross earnings, $9,329.15; expenses, $5,-
430.32 ; net earnings, $3,899.03. Surplus from last year, $9,712.14— total, $13,610.97.
Financial Statement, September 30, 1886.— Capital stock, $30,000 ; open accounts, $17,-
856.53; profit and loss, $13,610.97— total, $60,967.50. Contra: Cost of road, $53,627.34;
equipment, $7,142.43 ; open accounts, $197.73.
Directors (elected June 2, 1886). — Cyreuus Wheeler, Jr., John S. Clarke, Orrin H. Bur-
dick, Gorton W. Allen, William A. Kirby, John H. Osborne, Henry J. Kosters, Horace M.
Whipple, David Herbert, Allen McKain, Thomas M. Osborne, Clement B. Koster, Auburn,
N. Y. ; Calvin Young, Owasco, N. Y.
THOMAS M. OSBORNE, President Auburn, N. Y.
John H. Osborne, Secretary and Treasurer Auburn, N. Y.
David Herbert. General Manager and Superintendent Auburn, N. Y.
PRINCIPAL OFFICE AND ADDRESS Auburn, N. Y.
236 POOB'S MANUAL or RAILROADS.
PEACH BOTTOM RAILROAD COMPANY.
Line of Road.— Oxford, Pa., to Dorsey's, Pa 20 miles.
Sidings and other tracks, 1.4 miles. Gauge, 3 ft. Eail, 30 Ibs.
History. — This road, formerly the Eastern Division of the Peach Bottom Ry. (chartered
in 1868 ; road opened in June, 1874), was wold under foreclosure of its 1st mortgage bonds,
in September, 1881, and purchased by C. W. Leavitt for account of bondholders.
Rolling stock, operations, and financial statement not reported.
Directors.— C. W. Leavitt, New York, N. T.; H. W. Allison, Allentown, Pa.; John R.
Fell, Isaac Hinckley, George L. Horn, Philadelphia, Pa.; Robert B. Patterson, Spruce Grove,
Pa.; Levi K. Brown, Goshen, Pa.
C. W. LEAVITT, President 161 Broadway, New York, N. Y.
Supt. and Secretary— G. R. Dickey Oxford, Pa. | Treasurer— Robert B. Patterson Oxford, Pa.
PKINCIPAL OFFICE AND ADDRESS Oxford, Pa.
PENNSYLVANIA RAILROAD COMPANY.
Lines of Road Owned :
Filbert Street Ext. : W. Philadelphia to Broad St. Station, Philadelphia, Pa.. . 1.00 miles.
Philadelphia and Columbia RR.: W. Philadelphia to Columbia, Pa 80.15 miles.
Lancaster Cut-off. 2.42 miles.
Pennsylvania RR.: Harrishurg, Pa., to Pittsburgh, Pa 248.26 miles.
Delaware Extension : W. Philadelphia to Dock St. Depot, Philadelphia, Pa. . . 7.84 miles.
Oirard Point Branches : Hamburg Jet. to Girard Pt., and Pt. Breeze .... 2.06 miles.
Swnnson Street Branch : Greenwich Point to Old Navy Yard, Phila 1.22 miles.
Schuylkill River Branch : Haverford St. to Arsenal Bridge, W. Phila., Pa. 1.70 miles.
Fifty-second Street Branch : 52d St. to Monticello St.. W. Philadelphia. . . 0.14 miles.
Frazer Branch : Frazer to June, with West Chester RR., Woodland, Pa. 1.80 miles.
Columbia Bridge : Over Susquehanna River, from Columbia to Wrightsville,Pa. 1.20 miles.
York Branch : Wrightsville, Pa., to York, Pa 12.00 miles.
* Rockville Branch : Rockville, Pa., to Dauphin, Pa 2.83 miles.
Tipton Branch : Tipton Station to Tipton Run Coal Mines 4.44 miles.
Tyrone Branch : Tyrone to June. Bald Eagle Valley RR.,Vail Station, Pa. 3.15 miles.
Hollidaysburg Branch : Altoona to Hollidaysburg, and Portage Iron Works, 9.60 mile?.
Morrison's Cove Branch : Hollidaysburg to Henrietta, Pa 18 90 miles.
Martinsburg Branch : Martinsburg Junction to Martinsburg, Pa 0.70 miles.
Bloomfield Branch : Roaring Spring to Ore Hill, Pa 3.00 miles.
Williamsburg Branch : Williamsburg Junction to Williamsburg, Pa 13.30 miles.
Springfield Branch : Springfield Junction to Ore Mines, Pa 8.20 miles.
Martin's Branch : Main Line near Portage to Coal Tipple 2.76 miles.
Indiana Branch : Blairsville Intersection to Indiana, Pa 18.91 miles.
Alexandria Branch : George Station to Crabtree, Pa 4.55 miles.
Port Perry Branch : Penna. RR. near Brinton's to Thomson, Pa 1.37 miles.
Wilmore Branch : Bens Creek to Summerhill 0.67 miles.
Summerhill Branch : Summerhill to South Fork 2.03 miles.
Manor Branch : Manor to Claridge 4.30 miles.
Total length of main line and branches owned by Pennsylvania RR. Co.
December 31, 1886 458.50 miles.
Lines leased and operated, Pennsylvania Railroad Division 902.73 miles.
Lines leased and operated, United Railroads of New Jersey Division 464.14 miles.
Lines leased and operated, Philadelphia and Erie Railroad Division 503.49 miles.
New York and Long Branch RR. operated jointly with Central RR. Co. of N.J. 38.04 miles.
Total all lines owned, leased and operated by Pennsylvania RR. Co 2,366.90 miles.
Second track on lines owned, 345.85 miles ; third and fourth tracks owned, 143.22 miles;
sidings owned, 335.78 miles ; sidings (private), 87.08 miles — total length of all track on main
line and branches owned by Pennsylvania RR. Co., Dec. 31, 1886 (steel, 1,169.67 miles ; iron,
200.76 miles), 1,370.43 miles. Gauge, 4 ft. 9 in. Rail, 56, 60, 67, 70 and 75 Ibs., P. RR.
standard pattern.
In addition to its railroads, the Pennsylvania RR. Co. operates, in connection with its
United New Jersey Division, the Delaware and Raritan Canal, 44 miles, and feeder, 22 miles;
* Rockville Branch operated by Northern Central Ry. Co.
POOR'S MANUAL— PENNSYLVANIA RR. CO.
237
and owns and controls, bat operates under a separate corporate management, the Pennsylvania
Canal, extending from Columbia to Nanticoke, with branches from Northumberland to Lock
Haven and Bald Eagle, with Cross-cut to Lewisburg ; Clark's Ferry to Millersburg, and from
mouth of Juniata River to Huntingdon, Pa., a total length of 826 miles.
History. — The original line of the Pennsylvania RR. Co., chartered April 13, 1846, ex-
tended from Harrisburg to Pittsburgh, a distance of 248 miles. The work of construction
was begun at Harrisburg in July, 1847. The division from that point to a junction with
the Portage Railroad (then a State work), at Hollidaysburg, at the eastern base of the moun-
tains, was opened September 16, 1850. The Western Division, from the western end of the
Portage Railroad at Johnstown to Pittsburgh, was opened September 10, 1852. The Mountain
Division, and with it the whole line, was opened February 15, 1854. From Harrisbirg to
Philadelphia the line is made up of the Old Philadelphia and Columbia RR. (originally a
State work), and the Harrisburg, Portsmouth, Mount Joy and Lancaster RR., chartered in
1832, opened in 1838, and leased in 1849. The Philadelphia and Columbia RR. was purchased
in 1857, with the main line of a system of public works of the State. This system was under-
taken in 1826, and contemplated the construction of canals along the lines of all leading
watercourses. The Philadelphia and Columbia RR. was built to connect the Susquehanna
system of canals with Philadelphia, as well as to form part of a line, made up of canal and
railroad, between Philadelphia and Pittsburgh. When the system was undertaken, a canal
from the waters of Susquehanna to those of the Alleghany was supposed, erroneously, to be
practicable. The Portage Railroad across the summit, of 41 miles, was worked by a series
of inclined planes, and was abandoned upon the completion of the Pennsylvania RR. For
the work purchased of the State between Philadelphia and Pittsburgh, this company paid
$7,500,000, in its 5 per cent, bonds, payable at the rate of $460,000 annually, the balance
after payment of interest going to the reduction of the principal.
The following is a recapitulation of all the miles of line and tracks either owned, leased,
operated, or controlled by this company east of the cities of Pittsburgh and Erie, December
31, 1886 :
ALL. LINES.
First
Track.
Second
Track.
Third
Track.
Fourth
Track.
Com'y's
Sidings.
Private
Sidings.
Total
Truck.
United Railroads of New Jersey Division
464.14
135.13
57.33
55.00
292.14
18.03
1,021.77
New York and Long Branch Railroad
38.04
38.04
12.69
2.49
91.26
Pennsylvania Railroad Division
1,358.40
417.64
113.57
36.29
531.82
193.24
2.650.96
Philadelphia and Erie Railroad Division. . .
503.49
47.'»'6
191.89
35.27
777.91
Northern Central Railway Lines
Junction Railroad.
379.90
3.56
103.64
3.56
0.44
176.96
I.b4
19.11
3.55
679.67
12.75
635.41
141.87
163.77
28.12
969.17
New York, Philadelphia and Norfolk Railroad
111.46
198.31
31 .65
14.26
28.97
0.89
5.20
126.11
264.13
77.27
9.14
22.44
1.32
110.17
125.00
6.80
22.73
154.53
259.40
11.43
85.15
31.80
387.78
Totals
4,154.44
946.16
171.34
91.29
1,544.46
338.52
7,246.21
An aggregate of 4,154.44 miles of railroad and 7,246.21 miles of track, being an increase
of 74.78 miles of railroad and 166.96 miles of track during the year 1886.
Statement showing the length, December 31, 1886, of railroads and tracks in the several
operating divisions into which the Pennsylvania RR. Company's system is subdivided :
DIVISIONS.
Length
of Line.
Second
Track.
Total
Track.
DIVISIONS.
Length
of Line.
Second
Track.
Total
Track.
Pennsylvania EK. Div.
PHILADELPHIA DIVISION.
M.
M.
M.
W. Phila.to DillervilleJunc.
Dillerville Jet. to Columbia,
Pa
M.
68.80
11.35
M.
68.80
11.35
jr.
258.47
38.48
Filbert Street Extension
Philadelphia & Columbia RR.
1.00
1.00
6.26
River Front RR. :
CaUowhitt St. to Dock St....
0.85
1.02
238
POOR'S MANUAL — PENNSYLVANIA EB. CO.
DIVISIONS.
Length
of Line.
Second
Track.
Total
Track.
DIVISIONS.
Length
of Line.
Second
Track.
Total
Track.
M.
7.84
M.
7.43
M.
48.61
Beulah Branch
M.
0.54
M.
M.
O.S4
Swanson St Brunch P.RR
1.22
0.12
2.32
Madera Branch
8.41
9.14
Girard Pt Branch P RR
2 06
11 43
Mapleton Branch No. 1. ..
3 20
5.41
Schuylkill Riv Br P.RR..
1.70
1.66
7.00
Mapleton Branch No. 2. . .
2.24
5.92
Fifty-second St Br P.RR
0.14
0.14
0 57
Phillipsburg Branch . .
3 49
5.62
. 1.80
2.52
Derby Branch
1.19
3.54
We«t Chester RR
5.00
7.57
Lewis'g* Tyrone RR.(w.end)
19.90
21.58
E Br'dywine & W'b'g RR .
28.11
30.63
Scotia Branch
5.26
6.00
26.70
28.88
Juniata Branch
2.08
2.29
2 42
2 42
7 01
Har'b'g,Ptm.,Mt.Joy & L.RR.
25 59
31 79
Total Tyrone Division . . .
209.23
12.52
297.42
Br.In.to Div.Post Harritb'g
Col.Br.H.,P.,Mt.J.& L.RK.
9.43
18.15
9.43
18.15
80.75
46.38
ALTOONA DIVISION.
Total Philadelphia Div'n.
212.16
120.50
559.69
E. End to W. End Alt,. Yard
1.90
1.90
39.55
17 80
SCHUYLKILL DIVISION.
New Portage^RR . . .
0.82
Penn Schuylkill Valley RR.
101 44
25 50
145 86
Newry RR....
1 00
1 13
Phcenixville Branch
10.65
1.34
13.85
Morrison's CovuBr.P.RR.
18.90
21.46
Front Street Branch .....
0.98
1 85
Martiiisburg Branch
0 70
1.05
3 00
3 73
Total Schuylkill Division.
113.07
26.84
161.56
Williamsbui-g Br. P. RR. .
Springfield Branch
13.30
8 20
15.45
11 26
_ r»nr^
1 20
1 20
Total Altoona Division . . .
56.60
1.90
112.25
York Branch P. RR
12.00
15.56
PITTSBURGH DIVISION.
18.35
21.78
Littlestown RR
9.30
10.46
Pennsylvania RR. :
Frederick and Penn. Line RR.
28.00
30.99
W. End Alt. yd to PittsVqh
116.34
116.34
421.44
Columbia & Port. Dep't RR.
40.00
47.72
Ebensburg & Cresson RR.
11.00
12.09
PortDep. Br. P.W. <te B.RR.
8.78
5.80
Martin's Branch P. RR. .
Wilmore Branch P. RR...
2.76
0 67
3.53
0 67
Total Frederick Division.
112.63
133 51
SuminerhillBr. P.RR
2 03
2.80
Alexandria Branch P.RR.
4 55
5 46
MIDDLE DIVISION.
Southwest Pennsylvan.Ry
44!50
80.22
Sewickley Branch
7 13
8.26
H'burg,Ptm.,Mt. Joy & L.RR.
Boyer Run Branch
1.82
2.89
Div. PosttoMM.Mk.St.H'b'<j
Pennsylvania RR. :
H^b^gtoE. End Altoona Y'd
0.73
130 02
0.73
130 02
5.70
363 27
Brmker Run Branch
Mammoth Branch
Tarr Branch
2.02
2.31
0 65
2.84
2.92
0.92
Tipton Branch
4.44
5 56
Stonerville Branch
1 51
2.53
Scottdale Branch
1 87
2 04
Total Middle Division
135 19
130 75
374 53
Overtoil Branch
1 24
1.67
June Bog Branch
1 20
4.30
LEWISTON DIVISION.
Schoonmaker Branch
Morewood Branch
0.46
1 25
1.67
3 53
Sunbury and Lewiston RR .
43.45
48 97
Texas Branch
4 9S
9.36
Lewist'n & Tuscarora B'sre
0.12
0 12
Eversou & Broad Ford Br.
1.90
3.55
Mifflin and Centre Co. Ry.
12 31
21 66
Opossum Run Branch
3.90
7.13
Morrell Branch.
1 18
2 47
Total Lewiston Division..
55 88
70 75
Mahoning Branch
0 86
1.80
Fairchance Branch
1 68
2 08
BEDFORD DIVISION.
Manor Branch P. RR....
4.30
6.75
Bedford and Bridgeport RR. .
Dunning Creek Branch
38.70
10 50
44.53
Total Pittsburgh Division.
222.11
116.34
592.90
W. PENNSYLVANIA DIVISION.
Total Bedford Division. . .
49.20
55.47
Western Pennsylvania RR :
Bolivar to Butler Jet., Pa. .
47.97
72.18
Butler Jet. to Butter, Pa...
21.05
23.41
Tyrone Branch P. RR. . .
3.15
1.81
15.36
Pittsburgh Br. W . P. RR.
Indiana Br. P. RR
27.W)
18.91
5.20
60.97
24.76
Bald Eagle Valley RR
Bellefonte Branch
51.20
2.99
56.55
6.10
Total W. Penn. Division .
115.53
5.20
181.32
Snow Shoe Branch
Sugar Camp Branch
22.22
3 39
27.98
6 42
MONONGAHELA DIVISION.
Tyrone and Clearfleld RR
Moshannon Branch
45.72
11 43
6.13
4 "is
66.80
26 29
Pittsb'g,Virg.£ Charles'n Ry.
53 23
2 6"
81 03
Moshan. and Clearf'd Br
7.20
8 12
Pittsb'g & White Hall RR.
1 73
1.81
Leskie Branch
1 32
2 00
Port Perry Branch P. RR.
1 37
0 97
3.28
Beaver Branch
Coal Run Branch
0.88
1.05
Redstone Br.P.,V.&C.Ky.
16.56
19.58
1 nfi
Morgan Run Branch
Goss Rnn Branch No. 1
4.05
1 91
5.33
4 13
Vance's Mill Br. P. RR. . .
2.91
4.81
GOBS Run Branch No. 2..
Goss Rnn Branch No. 3
1.64
1 26
2.94
Total Moiiongahela Div'n.
76.80
3.59
111.56
Iloutzdale Branch
0.74
1.10
Total Penn. BE. Division.
1,358.40
417.64
2,650.96
POOR'S MANUAL — PENNSYLVANIA RR. CO.
239
DIVISIONS.
Length
of Line.
Second
Track.
Total
Track.
DIVISIONS.
Length
of Line.
Second
Track.
Total
Track.
United BE. of N. J. Biv'n.
NEW YORK DIVISION.
M.
83.64
1.55
1.92
1.36
1.89
6.40
6.65
23.02
4. Hi
M.
83.64
1.45
1.70
0.97
'"6!i4
M.
184.56
17.45
5.15
3.94
2.18
9.21
7.52
76.35
4.19
3.02
4.02
0.38
88.50
15.14
3.33
5.21
8.85
0.41
36.15
15.90
Enterprise RR
M.
1.26
M.
M.
1.71
2.88
Milham Branch
1.11
1.11
Total Belvidere Division
Total U. Roads ofN.J.Div.
N. T. & Long Branch RR.
Phil. & Erie BR. Division.
WESTERN DIVISION.
Philadelphia and Erie RR :
Erie to Kane
81.82
1.92
153.19
National Docks Ry
464.14
135.13
1,021.77
Bonhampton Br. N.J. RR.
Perth Amhoy <fc Woodb'e RR.
Millstone & N. Brunswick RR
Usited RR's
88.04
38.04
91.26
94.00
6.00
153.54
23.02
Kingston Branch
Rocky Hill RR
2.38
Princeton Branch
Trenton Delaware Bridge ....
Philadelphia & Trenton RR.:
Morrlsville to Frankford Jc.
Frank. June, to Ken., Phil.
Kensington & Tacony RR . . .
3.13
0.19
23.66
2.84
1.53
" 6!i9
23.66
2.84
Total Western Division . .
MIDDLE DIVISION.
Philadelphia and Erie RR ;
Kane to Rer/ovo
94.00
101.86
5 26
6.0°
7.47
153.54
170.32
5.59
33.12
25.29
2.79
Frankf'd & Holmesb'gRR
River Front RR.:
Lehic/h Av. to CallowhUl St.
Canal Street Branch ....
4.16
2.77
0.24
2.27
Wilcox RR
Ridgway & Clearfield RR.
Susquehan. & Clear'd RR.
Three Runs Branch
27.23
82.78
2.11
0.21
6.75
6.75
6.75
6.74
Phil., 5er't'n & Ch.H.RR.
Total New York Division.
AMBOT DIVISION.
Camden and Am boy RR
Jamesburg Branch
Total Middle Division.. . .
EASTERN DIVISION.
Philadelphia and Erie RR :
ReriiOVO to Sun bury
134.99
103.37
491.46
159.24
7.68
287 11
61.15
5.59
27.54
21.47
6.10
14.16
2 14
26.41
2.14
0.25
'"i!oi
153.70
8.72
31.92
27.41
9.23
15.24
2.38
28.30
4.55
11.29
6.74
50.15
1.49
13.75
9.25
91.70
0.24
33.58
188.41
0.24
69.43
10.84
Levvisburg Bridge
Lew'g & Tyr. RR. (e.end).
Believe, Nitt'y & L't RR.
Total Eastern Division . . .
SUNBURT DIVISION.
Sunbury, Haz. & Wilkes. Ry .
North and West Branch Ry. . .
57.60
9.45
Free'd & Jamesburg Agr. RR.
Pem'ton & Heightst'n RU . . .
Bordentown Branch
158.99
33.58
268.92
Col., Kink. & Springfield RR.
Florence Branch
43.44
43.13
52.69
59.05
6.60
Camden and Burling'n Co.RR
Vincentown Branch
22.46
2.84
Bur'ngton & Mt.HollyBr.
Mt. Holly, Lumb. & Med. RR.
Phila. and Long Branch RR. .
Island Heights Branch...
Lone Beach RR
Barnegat City Branch
7.15
5.95
40.11
1.17
12.09
8 41
Newport Branch
4.69
Total Sunbury Division. .
Total Phil. &Ene RR. Dii\
Recapitulation.
Pennsylvania RR. Division . . .
United RRs. of N. J. Division.
N. Y. & Long Branch RR.
Phil. & Erie RR. Division....
Total
91.26
118.34
503.49
47.26
777.91
Total Amboy Division
BELVIDERB DIVISION.
Belvidere Delaware RR.
247.33
29.84
377.12
1,358.40
464.14
38.04
503.49
417.64
135.18
33.04
47.26
2.650.96
1,021.77
91.26
777.91
67.49
0.15
0.14
11.67
0.81
135.63
0.15
0.18
12.69
Martin's Creek RR. in Pa.
Martin's Creek RR. in N.J
Fleming! on Branch
2,364.07
638.07
4,541.90
llolling Stock in use on several divisions, December 31, 1886. — Locomotive engines —
Pennsylvania RR., 850 ; United New Jersey, 337 ; Philadelphia and Erie, 107— total, 1,294.
Cars as follows :
Penn.RR.
& U. RR.
N.J.
P.&E
RR.
Total.
Penn.RR.
&U.RR.
N.J.
P.&E
RR.
Total.
Passenger and Emigrant
Baggage, Express and Mail. . .
Total Pass. Train Equipment.
995
204
37
18
1,032
222
Cabin Cars (8-wheel)
5
457
1,134
3,318
88
11
50
16
507
1,134
3,318
83
Cabin Cars (4-wheel)
jTank Cars (Green Line)
lEmpire Line, Box
i Empire Line, Rack
1,199
202
3,885
1,419
12,044
988
178
55
Y,666
21
1,949
1,254
202
4.885
1,440
13,993
988
178
Total Fgt. Train Equipment. .*
Maintenance of Way Train . . .
Tot. Pas., Fgt. and Road Ser.
Box Freight
23,718
1,944
3,031
840
26,749
2,284
Stock Freight
Gondola and 8- wheel Coal
Marl Cars (8-wheel)
26,861
3,426
30,287
In addition to the equipment in the preceding statement there were also 26,672 cars run-
240
POOR 8 MANUAL — PENNSYLVANIA RR. CO.
ning over the Pennsylvania RR. Company's lines, owned by individuals and companies, in"
eluding 4,000 Railway Car Trust ; 5,51)5 Pennsylvania Car Trust ; 2,958 Pennsylvania Equip
ment Trust ; 6,041 Union and National Line cars ; and 2,750 Union Line Co-operative cars.
Statement of rolling stock Pennsylvania RR. Division, for ten years and of P. RR. & U.
N. J. Divisions for three years ending December 31, 1886 :
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
Locomotive Engines
674
648
643
627
640
709
795
1.150
1 150
1 187
Cars Passenger and Emigrant
411
335
358
3">9
371
441
463
927
929
995
141
128
122
186
116
132
145
204
204
204
Cars — Freight. Box ...
3,288
3060
3 ooo
3 060
6280
6 lt.7
6 216
7017
7 164
7 493
Care — Freight , Stock
1,939
1 827
1,827
1 82T
2018
1 804
1 763
1 650
1 533
1 419
Cars Freight, Gondola
5,813
5,334
6,448
5,536
6637
8884
Cars Freight Coal,
1,387
1 088
974
886
785
631
i 10,610
14,394
14,413
14,344
Oars— Freight, Caboose
301
252
244
255
268
294
311
432
442
4G2
Care Freight Service
1,173
1 184
1 238
i 308
1 308
1 179
1 179
1 851
1 873
1 944
Care— Owned by Car Trust Companies, etc. .
17,937
18,245
18,730
21,473
29,896
27,271
33,745
23,589
23,378
26',672
Operations, etc., by divisions for the year ending December 31, 1886 :
Penn. RR.
Division.
United RRs.
of New Jersey
Phila. & Erie
Division.
Total.
Miles of Railroad Operated
1,568.22
6,430,525
16,772,064
685,989
23,888,578
8,827,283
34,877
5,298,775
14,160,935
265,840,285
2,178,472
24,242,470
86,420,948
3,399,769,583
$
5,845,670 19
123,215 77
128,122 14
23.618,13297
202.169 2-2
504.787 40
531,13031
179,059 14
465.99
4,670,288
4,595,207
203,550
9,469,045
10,444,421
34,308
5,375.375
15,854,104
290,428,344
2,834,015
7,376,522
*10.210.537
*597.970.706
$
6,257,605 51
28,598 27
89,720 71
7,935,715 22
188,855 94
349.295 03
204,988 32
287.56
566,011
1,947,779
119,168
2,632,958
947,413
1,872
126,047
1,075,232
20,637.647
967,731
5,234,283
6,202,014
586,615,019
8
538,431 73
3,16078
6,08925
3,070,0^9 20
19,056 61
37,433 06
34,284 24
2,321.77
11,666,824
23,315,050
1,008,707
35,990,.-81
20,219,117
71,057
10,800,097
31.090,271
570.906.276
5,980,218
36,853,281
*42,833.499
*4,584,355,908
s
12,641,707 43
154,974 82
223.032 10
34.02:1877 39
360,081 77
891,515 49
770.402 87
179,059 14
Passenger Train Mileage
Freight Train Mileage
Other Train Mileage
Total Engine Mileage
Passengers Carried, 1st Class
Passengers Carried, Emigrant
Passengers Carried, Commutation
Total Passengers Carried
Passengers Carried One Mile
Tons Freight Moved, Through
Tons Freight Moved, W&y
Total Tons Freight Moved
Tons Freight Moved One Mile
Earnings.— Passenger, 1st Class
Passenger, Emigrant
Passenger, Miscellaneous
Freight, General
Freight, Miscellaneous.
Adums Express
United States Mail.
Rents
Total Earnings
31,132,287 14
3,484,007 46
2,656,712 45
5,361,340 67
7,038,920 70
608,20858
* 15,004,779 00
1,453,956 97
610,987 04
2,916,6!;6 89
5,758,291 49
97,175 04
3,708,484 87
547,08064
246,244 26
695.325 70
753,881 31
* 49.845,551 01
5,485,045 07
3,513,943 75
8.973.363 26
13,551,093 f 0
705,443 62
Expenses.— Maintenance of Way
Maintenance of Cars
Motive Power
Transportation
General Expenses
Total Expenses
19,149.249 86
11,988^8788
4,459,417 64
10,442,454 92
7,467,485 14
* 10,837.107 43
4,167,<571 57
* 543.845 66
4,711,517 23
4,890,533 02
2,242,531 91
1,405,952 96
'" 1,465.952" 96
201,095 90
1,264,257 06
* 32.228,889 20
19,626,661 81
* 5,033.26330
22,619,92511
12,559,714 06
1.264.257 C6
P. 8,795.953 99
64,94817
43.243 93
21,704 24
64.75 p. c.
2.114C.
1.611 c.
0.503C.
0.755 c.
0.492 c.
0.263C.
Net Earnings
Other Receipts, Interest from Investments, etc
Total Available Revenue
Payments, Rentals, Interest, etc
Rental Paid Philadelphia and Erie RR. Co
Balance to Profit and Loss
P. 8,974,969 78
19,851 99
12,210 82
7,641 17
61. 51 p. c.
2.245C.
1.797C.
0.448C.
0.695C.
0.423 c.
0.272C.
L. 179.015 79
32.199 79
23,23463
8,965 16
72. 22 p. c.
1.957C.
1.410 c.
0.547C.
1.327C.
1.066c.
0.261 C.
Gross Earnings per Mile
12,896 39
7,798 48
5,097 91
60.47 p. C.
2.t>24c.
2.046C.
0.578C.
0.523 C.
0.310C.
0.213 c.
Gross Expenses per Mile
Net Karninirs per Mile
Expenses to Earnings
Earnings per Passenger perVMile
Expanses per Passenger per Mile
Profit per Passenger per Mile
Earnings per Ton per Mile
Expenses per Ton per Mile
Profit per Ton per Mile
«. i.v... _v.r-«j .^ ID ticuiuju, in ueu mereoi, wim me nei earnings or tnai canal, me
object being to keen the operations of the railroad system distinct. On the Delaware and Raritan Canal there
were moved 1,387,888 tons of freight a total of 50.521,774 miles, making the aggregate tonnage ol the whole system
44,121,327, and tonnage mileage., 4,884-877 688. The actual gross earnings of the United RKs. of New Jersey Di-
vision, including canal, were §15,538,304.99; operating expenses, $11,227,812.84; net earnings, $4,310,492.15; per-
centage of expenses to earnings, 72.26 per cent.
POOK'8 MANUAL — PENNSYLVANIA RIL CO. 241
The details of other receipts in above statement are as follows :
Pennsylvania RR. Division —
Interest from Investments $3,991,628 94
Interest from branch roads for use of equipment 809,718 43
Profits from sundry accounts 9,548 28
Empire Line, net earnings 148,521 99— $4,459,417 64
United RRs. of New Jersey Division —
Interest from investments 401,025 08
Total income from miscellaneous sources $4,860,442 72
The details of payments in above statement are as follows :
Pennsylvania RR. Division —
Kentals paid branch roads $2,354,192 47
Interest on equipment charged branch roads 107,649 86
Bent, Harrisburg and Lancaster Railroad 116,917 42
Interest on bonded debt 3,594,361 40
Interest Pennsylvania Company for Insurances on Lives,
etc., P., W. & B. stock trust certificates 330,800 00
Interest paid State of Pennsylvania on account of purchase
of main line 112,199 75
Interest Car Trusts 383,791 80
Interest on mortgages and ground rents 67,629 50
Interest on stock allotment, May, 1886 52,417 22
Interest general account 24,700 51
Premium on exchange, commissions, etc 4,371 63
State tax on dividends 318,453 58— $7,467,485 14
United RRs. of New Jersey Division —
Dividends, interest, etc $4,841,792 93
Interest on equipment used by Belvidere Delaware RR. Co.
and Freehold and Jamesburg Agricultural RR. Co 48,740 09— $4,890,533 02
Philadelphia and Erie RR. Divinion —
Interest charged for use of equipment $165,273 87
Amount expended for extraordinary expenses 36,422 03 — 201,695 90
Total payments for rentals, interest, etc $12.559,714 06
Income Account for year 1886. — Balance Pennsylvania RR. Division $8,974,969 78
Net Loss on United RRs. N. J. Division $179,015 79
Net Earnings Philadelphia and Erie Division $1,264,257 06
Rental paid Philadelphia and Erie RR. Co 1,264,257 06 179,015 79
Balance — net revenue as in statement precediqg $8,795,953 99
From whicfi the following amounts were deducted :
Payment to fund for purchase of guaranteed securities under trust created
October 9, 1879 $69,895 53
Consolidated mortgage sinking fund account 324,800 00
Allegheny Valley RR. Co.— interest deficiency ! 698,390 00
Frederick and Penna. Line RR. Co. — interest deficiency 15,000 00
American Steamship Co. — interest guaranteed 90,000 00
Settlement of balances under Trunk Line Pool in 1886 •. . . . 411,971 56
On account of liability for destruction of private property by fire in New
Brunswick, N. J 265,000 00
Total deductions before dividends $1,875,057 09
16
242 POOR'S MANUAL— PENNSYLVANIA ER. co.
Balance, credit of dividend fund $6,920,896 90
Dividends (May, 2$ per cent, and November, 2^ per cent.), 5 per cent 4,738,892 50
Balance, credit profit and loss account for 1886 $2,182,004 40
From w7rich should be deducted :
Balance of amount advanced to Penn. Co. in 1885 to enable it to
meet its obligations to its leased lines and for other purposes. $667, 093 06
Balance in settlement of sundry accounts and amount charged off
for depreciation 623,755 84—1,290,848 90
Net amount to credit of profit and loss for 1886 $891,155 50
Amount to credit of profit and loss account, December 31, 1885 14,784,192 85
Balance to credit of profit and loss account, December 31, 1886. . .' $15,625,348 35
" The preceding statements," says the report of the company, "'show a gratifying increase in the gross reve-
nue of the company, and, notwithstanding the prevailing low rates, the increased expenditures rendered necessary
by the enforced economies of the previous year, and a reduction in the income from investments, there is a reason-
able increase in the net revenue.
" The net results of the lines east of Pittsburgh and Erie were $8,705,953.99 ; after deducting the sums prop-
erly chargeable thereto, and a payment of a dividend of five per cent., there remained a balance of $2.182,004.40,
from which was deducted the sum of $1,290,848.90, properly chargeable to profit and loss, leaving $891.155.50 to
be carried to the credit of that account. This sum, which is less than one per cent, on the capital stock of the
company, represents the amount of profits expended during the year in strengthening and improving your proper-
ties, and which, on the basis of a strict division between expenses and capital expenditures, might also have been
distributed among the shareholders. But it will hardly be contended that, with the serious responsibility resting
upon your company for the leases and obligations of many other large corporations, all of which are subject to the
violent fluctuations incident to transportation interests in this^country, this amount.is greater than should have been
thus permanently invested out of your current revenues.
" The charge of $1,667,732.64 to your profit and loss account during the years 1885 and 1886 being the amount
advanced to the Pennsylvania Company to meet the deficit|occurring in 1885 in the operation of your western lines,
and for other purposes, was properly made, in view of the fact that your company is responsible for all liabilities
connected with these lines, and such sum could not be returned to your treasury unless that company increased
its obligations by borrowing this amount ; and while there is a fair balance to the credit of its profit and loss ac-
count, it does not consist of cash, but of property unavailable for such purpose, and necessarily held to protect its
interests. After crediting its profit and loss account with the sum above stated, it will be seen, by reference thereto,
that it was necessary for that company to charge against that item $1,065.000, the co_st of the equipment and con-
struction bonds of the Pittsburgh, Fort Wayne and Chicago Railway Company, which it paid under the terms of
the lease of that road, and for which it receives no securities, and also an additional amount, being a portion of
the depreciation in the value of the Jeffersonville, Madison and Indianapolis Railroad stock resulting from the
construction of competitive lines.
" It. will be noted that the freight rates show a slight improvement on all divisions east of Pittsburgh and
Erie, but that on the United Railroads of New Jersey Division the increased expenses more than offset the ad-
ditional revenue. There was an increased movement of both passengers imd tonnage : and while there was a
slight decrease in the through freight on both the Main Line and United Railroads of New Jersey, there was a
large gain in the local tonnage of all the lines. Upon your Main Line nearly ninety-two per cent, of the tonnage
was made up of local freight.
"The Philadelphia and Erie Railroad Division shows an improvement, in net results, and was more than able
to provide for all its fixed charges.
" The loss to your company upon the United Railroads of New Jersey slightly exceeded that of last year.
The exceptional service required upon: that division, in connection with the expensive character of its terminals,
seems to preclude the possibility of operating it as economically as the other muds in your system."
Traffic .Vote.'*.— Tons freight moved over Main Line and branches, not including 1.443.901 tons of fuel and
other material for company's use, 26,420,948 tons ; for 1885, 24.047,028 tons ; increase, 2,373,920 tons, or 9&7,j per
cent. Through freight decreased, 78,708 tons : local freight increased 2,452,623 tons.
Of the 26,420,948 tons of individual freight transported over the Main Line and branches, 2,178,472 tons, or
per cent., were throogh, and 21,242,476 tons, or 91^, per cent., were local freight.
Aggregate coal and coke shipments I5.359,(i0t> tons, against 14.281,909 tons in 1885 ; gain, 1,077,697 tons.
Total shipments of oil during 1886, 3,048,484 barrels, against 3,440,303 barrels in 1885 ; decrease, 397,819
barrels.
On the Main Line through freight east-bound decreased 8^5 per cent.; west-bound increased ll^ft Per cent.
Local freight increased, 5^j per cent, eastward, and 22rg0 per cent, westward.
The number of passengers carried on the Main Line and branches shows an increase of 1,819,476, or 14T% per
cent.
On the United Railroads of New Jersey through freight decreased 87,866 tons ; local freight increased
489,431 tons ; net increase, 401,565 tons, or 4TS5 per cent. The passenger traffic shows an increase of 1,503,695
in the number carried, or 10A& per cent.
On the Philadelphia ana Erie Railroad through freight increased 110,072 tons, and the local. 466,557 tons— a
total increase of ."ti.W.i tons, or lOflfo per cent. There were 65,082 more passenger* carried in 1886 than in 1685,
an increase of 6-ffo por cent.
Then- were built at Altoona, and your other shops east of Pittsburgh and Eric, for the Main Line and other
roads in the company's interest, 124 locomotive?, 106 passenger cars, 2 baggage cars, 4,066 freight cars, and 168
cabin and maintenance of way cars.
There were used on the Main Line, in construction and repairs, 19,418 tons of steel rails, and 893. SS't ties : on
the United Railroads of New Jersey, 6,1R3 tons of steel, and 325.553 ties ; and on the Philadelphia and Erie Rail-
road, 2,100 tons of steel, and 133,358 ties— making a total of 27,701 tons of steel, and 1,352,149 ties.
POOR'S MANUAL — PENNSYLVANIA RR, CO.
243
Statement of operations, traffic and revenues Pa. RR. Div. for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
1,120.08
17,241,002
4,270,737
12,505,271
4(i4,994
7,757,940
196,936.040
15,3(54,788
7,494,723
3,085,454
976,780
2,298,317,322
l,79o,727,562
502,589,760
I
4,437,147
371,277
351,812
20,234,046
593,376
1,172.50
19.630,159
4,678,629
14,405,994
545,536
9,077,714
230,675,088
18,229.:x:>
9,209,306
3,829,992
1,082,802
2,655,438,764
2,037,903,964
617,534,800
$
5.023,385
'479,087
442,466
21,229,201
472,870
1,263.89
21,608,408
5,097,229
15,23(5,589
674,590
10,372,894
245,971,772
20,860,399
11,157,146
3,794,557
1,345,700
2,879.542,701
2,237,331,800
642,210,901
8
5,962,456
506,922
462,361
23,517,178
388,045
1,313.53
22,io<;,i:-:o
5,464,487
15,855,119
786,530
10,697,474
244,710,876
21 ,674,1 CO
12,426,888
1,521,730
1,265,297
2,996.892,567
2,347 J41, 570
649,750,997
$
6,115,423
484,353
465,266
24,536,789
415,983
1,470.94
21,491,327
5,775,878
15,015.905
699,549
11,429,776
243.2IIS.2-J2
22,583,K25
13.300,341
3,016,532
1,189.183
3,082, .«)!i.9>C,
2,406,290,r,76
676,209,310
$
6,017,752
496,429
461,942
23,03N.IS-.'
182,280
1,517.75
22,578.531
6,175,855
15,860,766
552,411
12,341,459
276,6r,4.<x;r,
24,047,(i2H
14,281.909
3,208,883
1,168,233
3,318,466,263
2,580,674,202
737,792,001
1
5,494,a54
515,585
4.-)8,422
21,010.179
188,866
1,568.22
28.888,578
6,430,525
16,772,064
i;s.-,.!»s9
14,160.93.-,
265.840.285
26,420,948
15,aVJ,6()6
2,797,414
1,443,904
8,800,760,868
2,5 '2.90S.590
866,800,993
8
6,097,008
531,130
504,788
23,820,302
179,059
Train Miles
Passenger
Freight .
Distributing
Passengers Carried
Passenger Miles
Freight (tons) Moved . .
Coal and Coke
Petroleum, etc., bbls
Company's Tonnage....
Freight (ton) Miles
Eastward
Westward
Passenger Earnings
Mail Earnings
Express Earnings
Freight Earnings
Other Receipts
Main Line
23,052,957
2,934,701
53,880,124
3,766,885
26,471,486
4,365,476
27,077,239
4,940,574
24,376,284
5,820,601
21,345,848
6,821,558
24,754,783
6,377,504
Branch Lines
Gross Earnings
Expenses, Main Line . . .
Expenses, Branches
Gross Expenses
25,987,658
12,165,183
1,886,303
27,647,009
13,028,698
2,439,771
30,836,962
15,050,114
2,828,663
32.017,813
15,156,671
3,164,742
30.196.885
13,969.774
3,605,332
27,667.406
13,250,408
3,970,166
81,132.287
15,301 ,650
3,847,600
14,051,486
15,468,469
17,878,777
18,321,413
17,575,106
17,220,634
19,149,250
Net Earnings
11,930,172
23,201 68
61,864 38
4,600 30
12,536 14
32,15888
8 108 54
12,178,540
23,57954
52,14229
5,382 47
13,192 72
28,448 14
3,414 70
10,386 82
23,694 15
1,967 77
55.95 p. C.
54. 56 p. C.
62.96 p. C.
12,958,185
24,398 45
57,15655
5,451 73
14,145 83
32,495 82
3,53251
10,2o2 62
24,660 73
1,91922
57 98 p. c.
50. 85 p. C.
64. 74 p. C.
13,696,400
24,375 39
59,348 87
5,761 87
13,948 30
33.233 21
3,690 83
10,427 09
26,11566
2,071 04
57. 22 p. C.
55.98 p. C.
64.06 p. C.
12,621,779
20,528 97
48,616 44
6,003 47
11,948 21
27,860 93
3,71860
8,58076
20,775 51
2,824 87
58.20 p. C.
57. 10 p. C.
61. 06 p. C.
10,446,772
18,25364
42,620 66
5,944 68
11,361 36
31,431 99
3,021 78
6,89228
19,203 38
2,14506
62.24 p. c.
62.08 p. C.
62. 80 p. c.
11,983,037
19,851 99
48,431 48
(i.03308
12 210 82
29^36 90
3,63318
7,641 17
18.494 58
2,40000
61.51 p. c.
61.81 p. C.
60. 22 p. c.
Gross Earnings per Mile.
Main Line
Branches
Gross Expenses per Mile
Main Line
Net Earnings per Mile. . .
Main Line
10,665 54
29,705 50
1,491 76
54. 07 p. c.
51. 98 p. C.
67. 59 p. C.
Branches
Expenses to Earnings...
Main Line
Branches
The expenses of moving company tonnage, from which no revenue is derived, is charged
against paying tonnage, and included in tlie per ton mile.
Statement showing traffic and earnings on all lines east of Pittsburgh (including the Dela-
ware and Raritan Canal) ; earnings on all lines west of Pittsburgh, and traffic and earnings
on all lines east and west for eeveu years :
1880
1881
1882
1883
1884
1885
1886
EAST.
Miles Operated
1,809.61
16,675,042
382,787,186
27,399,173
3,292.991,330
'$
41,260,072
24,625,047
1,890.00
18,985,409
446,316,555
32,606,264
3,700,811.373
$
44,124,183
26,709,810
1,981.06
21,887,992
496,2r,'.'.;27
35,840.000
3,977,280,048
$
49,079,034
30,647,406
2,102.20
23,08 1.S5S
503,180,481
f 37,379.5-)(i
4,126,002,887
$
51.083.252
31, 747 ,J 50
2,267.81
25,164,131
512,873,485
38,106,544
4,192,070,170
s
48.506,918
30.527,016
2,316.41
27,642.1118
568,664,914
40,SsO,100
4,501,08'J,219
S
45,615,034
29,47'9.7(M
2,387 77
31,090,271
576,906.276
44,121, 327
4,634.f-
s
50,379,077 00
32,619,594 61
Passengers Carried
Passen;;'rs Carried 1 Mile
Tons Freight Moved. . . .
Tons Moved 1 Mile
Gross Earnings
Operating Expenses
Net Earnings
16,635,025
4,793,355
17,414,373
3,633,838
18,432,428
4,220,236
19,336,102
4,988,609
18,039,902
4,841,951
16,135,269
5,157,876
17,759,482 !i9
4,860,442 72
Other Receipts
Net Income
21,428,380
35,738,174
22,080,118
21,048,211
37,056,989
24,604,511
22,652,664
35,331,003
23,368,329
24,824,711
36,127,325
24,972.558
22,fc'81,853
81,389,697
22,126,816
24,293,145
80,067,098
21,168,358
22,019,925 11
33,508,864
22,613,171
WEST.
Earnings
Expenses
Net Earnings
13,652,055
10,840,676
12,452,478
9,940,550
11,971,674
10,861,764
11,154,767
10,449,039
9,262,881
10,201,977
8,898,745
9,991,719
10,895,C93
10,759,744
Interest, Rental, etc
Profit to Pa. RR. Co ....
Loss to Pa RR Co
3,071,397
2,511,928
1,900,200
705,728
135,949
999,096
37,354,123
855,462.372
63,167,752
6,768,739,473
8
79,956.614
52,653,832
1,092,974
39,116.552
926,214,445
67,498,497
7,384,764,634
75,682,132
50,648,118
ALL LINES.
Passengers.
Passengers 1 Mile
Freight tons)
26,241,036
704,571,071
49,701,464
5,719,030,065
$
70,764,062
42,179,485
29,686,985
811,181,668
58,520,616
6,604,607,188
8
75,182,974
46,243,278
23,499,631
865,552,(S96
60,817,867
6,707,124,811
$
79,889,068
60,737,534
35,344,234
871,954,685
63,698.593
6,819,743,760
87,210,577
56,719,708
43,441,211
903,099,466
7f,.418,758
7,634,505,463
S
83,887,941
65,232,766
Freight (tons) 1 Mile
Gross Traffic Earnings. .
Exps. excldg. Rent, etc.
Net Earnings
28,584,577
28,939,696
29,151,534
30,490,869
27,302,782
25,034,014
28,655,175
244
POOR'S MANUAL — PENNSYAVANIA EB. CO.
Earnings and expenses of main line, branches, and all leased roads, including the Dela-
ware and Raritan Canal, operated by the Pennsylvania Railroad Company, for the year end-
ing December 81st, 1886 :
Road.
Length
or
Road.
Gross
Earnings.
Working
Expenses.
Interest
on Equip-
ment, Rents
&c.
Rentals P'd
Branch
Roads.
Total Ex-
penses, in-
cluding
Rentals,
Interest on
Equipment,
Rents, &c.
Profit.
PemisylvaniaRR.— Main Line
York Br'ch including Col'bia Bridge
Holidaysburg, <fec., branches
424.32
13.20
54.70
18.91
113.07
28.11
26.70
43.78
18.35
9.30
28.00
$
24,374,160 53
113,639 38
211,900 64
55,082 67
532.142 99
35,965 35
21,752 16
271,238 31
71,886 47
20,672 55
53,312 43
52,301 09
294,181 20
100,038 08
174.C63 02
403,529 58
484,142 06
2,319 00
12,921 18
1.347.5H4 75
756,1.38 98
629,103 84
425,361 48
571,007 02
13,916 54
27,256 62
76.189 22
$
15,070,868 44
55,349 01
134,207 61
41,224 97
488,273 34
42,624 36
23,744 96
181,140 63
44,724 26
15,954 05
48,165 72
37,511 12
164,038 14
91,738 29
145,626 81
195,102 31
328,312 07
391 65
14,240 54
713.072 39
336,153 07
363,663 35
221,154 82
330,434 65
8,865 90
22,472 96
30,194 44
9
$
12,412 50
$
15,C83,280 94
55,349 01
134,207 61
41,224 97
532,142 99
42,624 36
23.744 96
271, 238 31
71,886 47
20,672 55
53.312 43
52,301 09
294,181 20
100,038 08
174,563 02
356,514 14
440,712 07
2,319 00
14,240 54
1,347,564 75
756,138 9S
629,103 84
425,361 48
571.007 02
13.91R 54
27,256 62
76,189 22
$
9,290,879 59
58,290 37
77,693 03
13,857 70
Indiana Branch
Leased Branches.
Pennsylvania Schuylkill Valley RR..
East Brandywine & Waynesburg RR.
Pomeroy and Newark RR
2,379 03
41,490 62
L 6,659 01
L 1,99-2 80
6,099 91
2,772 27
856 67
3,171 69
2,204 95
6,007 10
4,018 50
3,671 35
83,997 77
24,389 94
3,801 83
1.975 02
12,585 02
123,535 96
4,281 29
25,264 86
161,411 83
112,400 00
1,927 35
Hanover and York RR
Littlestown RR. . ...
Frederick and Pennsylvania Line RR
Wifflin and Centre County RR.
12.43
43.45
49.20
85.08
79.80
99.04
4.44
11.00
96.62
80.46
75.43
43.44
47.82
9.45
24.89
27.23
Sunbnry and Lewis town Ry
Bedford and Bridgeport RR....
Lewicburg and Tyrone RR. . .
Bald Eagle Valley RR
47,015 44
43,429 99
L"T,3i9'36
Tyrone and Clearfleld Ry
Tipton RR. (May to Dec. inclusive)..
Ebensburg and Cresson RR
Western Pennsylvania RR.
26,950 67
20,655 78
13.208 84
5,668 19
7,241 55
600 55
651 85
890 96
607,541 69
399,330 13
252,231 65
198,538 47
233,330 82
4,450 09
4.131 81
45,103 82
South West Pennsylvania Ry ..
Pittsb'g, Virginia & Charleston Ry....
Snnb'y,Hazleton & Wilkesbarre Ry. . .
North and West Branch Ry
Bellefonte, Nittany and Lemont RR. .
Susquehanna and Clearfield RR
Ridgway and Clearfield RR
Total Pennsylvania RR. & branches
Total United RR. of N. J. Division.
Philadelphia and Erie RR.
1,568.22
31,132,287 14
19,149,249 86
107,649 86
2,354,192 47
21,611,09219
9,521,194 95
531.99
15.538,304 99
11,227,81284
48,740 09
477,210 49
11,753,763 42
3,784,541 57
287.56
3,708,484 87
2,242,531 91
165,273 87
1,300,679 09
3,708,484 87
Grand totals
2,387.77
50,379,077 00
32,619,59461
321,66382
4,132,082 05
37,073,340 48
13,305,736 53
For income from miscellaneous sources and disposition of net revenue, pee income
account, page 241. For details of earnings of United Railroads of New Jersey Division, see
page 241.
Dividends. — Statement of cash dividends paid by Pennsylvania RR. Co. since 1856.
(The company paid 6 per cent, interest on all installments of subscription during the progress
of construction to October 30, 1855):
May iar>6, 4 p.c.
May 1861,3p.c.
Nov. 1865,5 p.c.
May 1870, 5 p.c.
May 1875, 4 p.c.
Nov. 1878, 2 p.c.
Nov. 1883,21 p.c.
Nov. 1S56, 4 p.c.
Nov. 1861 ,3 p.c.
May 1866,5 p.c.
Nov. 1870, 5 p.c.
Aug. 1875, 2 p.c.
May 1879, 2 p.c.lMay 1884, 2 p.c.
May 1857, 4 p.c.
May 1862,4 p.c.
Nov. 186fi,4p.c.
May 1871, 5 p.c.
Nov. 1875, 2 p.c.
Nov. 1879,2jp.c.|Nov. 1884, 3 p.c.
May 1858, 3 p.c.
Nov. 1858, 3 p.c.
Nov. 1862,4 p.c.
May 1863,4 p.c.
May 1867,3 p.c.
Nov. 1867,3 p.c.
Nov. 1871, 5 p.c.
May i872, 5 p.c.
Feb. J 876, 2 p.c.
May 1873, 2 p.c.
Nov. 1880, 3 p.c.
May 1881, 4 p.c.
May 1885, 3 p.c.
Nov. 1885, 2 p.c.
May 1859, 3 p.c.
Nov. 1863,5 p.c.
May 186*,3 p.c.
Nov. 1872, 5 p.c.
Aug. 1876, 2 p.c.
Nov. 1881, 4 p.c.
May 1886,2* p.c.
Nov. 185!), 3 p.c.
Way 18i!4,r>p.c.
Nov. 1868,5 p.c.
May 1873, 5 p.c.
Nov. 1876, 2 p.c.
May 1882, 4 p.c.
Nov.1886.2j p.c.
Mav 1<W, 3 p.c.
Nov. 1864,5 p.c.
May 1869,5 p.c.
May 1874, 5 p.c.
Feb. 1877, 2 p.c.
Nov. 1882,2* p.c.
Nov. 1860, 3 p.c.
May 1865,5 p.c.
Nov. 1869,5p.c.
Nov. 1874, 5 p.c.
May 1877,Hp.c.
May 1883, 2 p.c.
In addition to above the following extra dividends were declared : In May, 1804, 30 per
cent, scrip, and in November, same year, 10 per cent, subscription authorized ; in May, 1867,
5 per cent, stock ; in May, 1868, 5 per cent, stock and 25 per cent, subscription authorized ; in
February, 1869, 25 per cent, subscription was authorized ; in April, 1871, subscription of one
share on every six authorized ; in February, 1872, 30 per cent, subscription authorized ; in
POOR'S MANUAL — PENNSYLVANIA RB. CO.
215
March, 1873, one-third number of holdings authorized ; in November, 1878, 5 per cent, in 6
per cent. 15 months' scrip ; in May, 1880, 3 per cent., and in November, 1 per cent, in scrip,
convertible into cash or stock ; in May, 1881, 12J per cent, subscription authorized ; in May,
1882, 8 per cent, subscription authorized, and in November, same year, 2 per cent, in scrip,
convertible into stock or cash ; in May, 1883, 2 per cent, scrip and 4 per eent. allotment ; in
November, 1883, 2 per cent, in dividend certificates, convertible into stock or cash, and in
May, 1884, 2 per cent, in like certificates; in May, 1886,4 per cent, subscription authorized.
SUMMARY OF CAPITAL EXPENDITURES UPON THE MAIN, LEASED, AND AUXILIARY LINES
FOR 18»6.
The following statement shows the amounts expended during the past year for construc-
tion, equipment, and real estate upon the main and leased lines and branches, as well as the
amounts advanced for the improvement and extension of branch and auxiliary roads operated
by the company.
PENNSYLVANIA RAILROAD :
Construction— Additional main tracks and sidings, new stations, etc . . $185,902 81
Less cash received from property sold 7,913 80— $177,989 51
Equipment — New locomotives, §351,474.02 ; new passenger cars, $399,-
197.52; new freight cars, $155,148.08; floating equipment, $120,353 13 1,026,172 75
Real Estate— Additional real estate 798,160 73
Less cash received from property sold 112,004 59— 686,156 14— $1,890,318 40
UNITED RAILROADS OF NEW JERSEY :
Construction— Additional tracks, wharves, and right of way $151,178 56
Less proceeds of sale of old property 45,603 81— 105,574 75
Real Estate— On line of road 363,457 45
Less cash received from sale of property 86867— 362,58878 — 468,16353
PHILADELPHIA AND TRENTON RAILROAD :
Construction— New tracks, stations and right of way 55,595 27
Real estate— on line of road $61,969 32
Less cash received 1140— 61,95792— 117,55319
Total expended on main lines $2,476,035 12
The following amounts were advanced during the year :
For Improvements and Extensions on Branch and Aux- On Account of construction of New Branch and Aux-
iliary line* operated by the Company. iliary Lines.
Connecting Railway $51,359 35 Pennsylvania Schuylkill Valley Railroad . $1,731,177 05
River-Front Railroad 28.349 94 Long Beach Railroad 263.488 28
North and West Branch Railway 10,36099 Nescopec Railroad 872,85833
Tyrone and Clearfleld Railway 159,015 47 Kensington and Tacony Railroad 58,838 21
Western Pennsylvania Railroad 78,598 64 Short Branches 10,229 19
South West Pennsylvania Railway 48,726 08
Pittsburgh, Virginia and Charleston Ry... 37,29605 Total $2,436,59106
Perth Amboy and Woodbridge Railroad... 11.522 82 Add amount expended on improvement
Philadelphia, Germt'n & Chest. Hill RR... 3,404 28 and extension of branch and auxi iary
Bald Eagle Valley Railroad 7,04090 lines operated 511,35232
Harrisburg, Ports'th, Mt. Joy & Lan. RR. . 64,035 84
Various short branches 11,64216
Total $511,352 52 * Total on branch and auxiliary lines. $2,947,943 58
Add amount expended on main lines as above 2,476,035 12
Total amount expended on account of construction $5,423,978 70
Received from above companies in cash on account of such advances 443,694 50
Balance— net amount of cash invested in improvements, advances, etc $4,980,284 20
This amount was obtained—
By the issue of 74,869 shares of stock $3,743,450 00
From the surplus profits of the company 891.155 50
From miscellaneous souices ... 845,678 70— $4,980,284 20
* On account of these advances the Pennsylvania RR. Co. received securities of those companies of the
nominal value of $1,943,869.54.
246
POOR'S MANUAL—PENNSYLVANIA RR. CO.
Statement showing number of miles operated of the main line and branches of the Penn-
sylvania Railroad Company, with operations of the same, and the amount of its stock and
debts, from 1855 to 1886 inclusive :
Yrs
RR.
Oper-
ated.
Stock and
Debt.
Gross Earnings.
Operat'g
Expenses
Traffic
Fronts.
Pass'gers
Carried.
Expen's
of
Pass'ger
Traflfc.
Passengers
Carried
One
Mile.
Average per Mile.
Pass'ger.
Total.
E'ngs
Exps.
Profit
jr.
$
S
$
$
S
No.
$
'No.
ct«.
ct*.
cts.
1855
see
19,874,621
1,251,857
4,270,070
2,340,738
1,829.277
798,483
642,689
41,871,267
1.990
1.535
1.455
1850
359
21,l(i8,466
1,198,927
4.720.124
2,814,568
1,905:626
864,298
822.978
42,147.582 2.844
1.968
0.891
1857
359
21,397,149
1,244,868
4.855,659
3,000,743
1,854,926
1,134,496
850,867 54,40-8,241 2.288
1.564
0.724
1858
359
22,871,642
1,372,237
5,185.331
3,021,885
2,163,446
968.304
932.184 45,9:54,952 3.000
2.038
0.962
1859
359
29,718,284
1,420,912
5,362,355
3,030,738
2,231,617
1,074,570
1,009,149 60.839,482 3.7!'5
1.9c5
0.810
18(50
402
31,025,271
1,453,!'93
5.932,701
3,636,2!l9
2,296,402
1,2(13.444
1,119,128
66,100,696 2.639
2.013
O.OM
IStil
469
30,200,864
1,551,176
7,300,001
3,653,063
3,646,938
1,059,088
1,096,107
57,773,777
2.686
1.897
0.788
1863
501
29,970,864
2,110,785
10304,290
5,131,072
4,873,218
1,143,418
1,379,198
76,797,368
2.749
1.796
0.0.53
1863
542
30,379,374
2,790,230
11,891,413
6,780,000
5,111,413
1,707,386
2,264,283
104,798,774| 2.662
2.161
0.501
1861
681
36,580,900
3,846,0:i8
14,759,1158
10,693,944
4,065,114
2.366,213
2.825,748
146.87MOP5 2.619
1.934
0.6115
1865
737
36,584,840
5,453,047
17,459,169
13,270,058
4,189,111
2,861,836
8,697,190
204,564.393 2.666
1.802
0.801
1866
737
38,0:30.888
3,946,468
16,583.883
14.790,909
3,792.974
2,673.568
3,448,40-3
139,085,550
2.837
2.478
0.355
1867
737
40,733,324
3,018,391
16,340,156
12,080,300
4,256.856
3,347,466
3.347,354
2.859
2.645
0.214
1868
737
48,189,085
3,610,118
17,233.497
11,860,984
5,372,513
3,747,178
3,420,466
133,174.706
2.718
2.5titt
0.149
1869
737
57,355,216
3,132,740
17,250;812
12,203.268
5,047,544
4,229,363
3,168,237
144,728.742 2.510
2.189
0.321
1870
737
66,610,090
3,757,94217.531,707
11,260,085
6,271,622
4,868,769
3,012,288
150.850,087 2.4BO
1.996
0.494
1871
737
75,757,680
3,875,057 18,719.837
11,823,433
6.896,404
4,699.985
2.976,738
152,918,042 2.530
1.940
0.590
1873
784
88,344,246
4,262,018 22,012,525
13.764,673
8,247,852
5,250,393
3.218,181
173.842,748
2.450
1.837
0.613
1873
869
111,200,250
4,399,671 24,868,009
14,868,854
10,017,155
5,879.684
3.001,656
177,479,019 2.480
2.010
0.470
1874
877
118,306,485
4,258,888
••>2,642,371
12,701,518
9,940,853
6,088,108
2,431, SCO
174,959,639 2.430
1.600
0.830
1875
905
128,188,681
3,772,306
20,493,252
11,704,053
8.699,199
5,609,787
2,677,678
160,421.998 2.351
1.669
0.682
1876
963
128,976.429
5,868,678
20,788,076
12,452,689
8,335,387
6,926,016
2,966,950
288,312,089 1.862
1.C29
0.833
1877
1,055' 120,975,647
3,383,273
18,983,456
10,751,139
8,232.317
5,129,931
2,506,189
143.153.521 2.303
1.751
0.612
1878
1,055 129,619,063
3,348,346
30,317,140
10,931,103
6,306,037
5,205,737
2,546,096
142,036,106 2.357
1.793
0.564
1870
1,092
126,117,956
3,628,273
21,743,628
11,751,621
9,992.007
5,948,645
2,621,009
155,784,178 2.281
1.682
0.599
188!)
1,120130,916,504
4,437,146
25,987,658
14,051,486
11,936.172
7,757,940(3,159,118
196,939,640 2.253
1.604
0.649
1881
1.173 135,518,936
5,023,385
27,647,009
15,468,469
12,178,540
9,077,714
3.869.588
230.675,088 2.178
1.677
0.501
1883
1,264 142,628,210
5,962,456
30,836,982
17,878,777
12,958,155
10,372,894
4,262,259
245,971,772 2.374
1.733
0.641
1883
1,314
152,365.903
6,115,423
32,017,813
18.331.414
13,fi96,399 10,697,474
4.012,858
244,710,876 2.448
1.640
0.808
1884
1,471
156,870,453
6,017,752
30,196,885
17,575.106
12.621.778 11,429,776
3.968.522
243,298,222 2.422
1.631
0.791
18.S5
1,518
158,166,540
5,494,354
27,667,406
17,220,634
10,446,772
12,341,459
4;232,271
276,604,065 1.931
1.530
0.401
1886
1,568
161,903,990
6,097,008
31,132,287
19,149,250
11,983,037
14,160,935
4,776,202
265,840,285
2.245
1.797
0.443
Statement of earnings, expenses, mileage, etc., of freight business of the Pennsylvania
Railroad Division and branches from 1855 to 1886 inclusive :
Per Ton Mile.
Through Tonnage.
Local Tonnage.
Tear.
Freight
Freight
Tonnage
Total
Burning?.
Expenses.
Mileage.
Tonnage.
E'gs.
Exps.
Net,
East.
West.
East.
West.
S
$
cts.
cts.
Ctf>.
1855..
2,805,306
1,698,049
102.171,312
2.746
1.662
1.084
106,497
65,565
127.614
65,420
365,006
1856..
3,244,292
1,991.590
119.836,501
2.707
1.602
1.045
88,707
76,056
196,330
92,559
454,092
1857..
3,374,041
2,149,876
139,994,548
2.411
1.536
0.675
94,905
77.168
316,415
338.030
826.518
1858..
3,536,20(3
2,089,701
162,121,735
2.181
1.289
0.892
141.208
. ' il 13
481,008
344.671
1.046.MW
1859..
3,656,111
2.121,589
180,b33,140
2.027
1.176
0.851
120,707
103,839
570,488
306,146
1,170.240
I860..
4,191,784
2,517,171
214,102,018
1.957
1.176
0.781
176,007
99,746
641,575
429,197
1.340.535
1861..
5,398,026
2,556,1*56
230,262,522
1.926
0.912
1.014
311,473
78,576
790,299
301,739
1,482,087
1S62..
7.668,420
4,041,872
376,195,127
2.038
1.077
0.962
367.295
128,102
1,131,634
431,517
2,058,548
1863..
8,602,252
4,515,717
393,740.258
2.185
1.147
1.038
348,957
127,160
1.231,896
557,400
2.205,413
1864..
10,301,999
7,878.196
420,027.222
2.463
1.871
0.592
322.497
147.972
1,482.647
632.263
2,585.379
1865..
11,193,50E
9.58-.',M15
420,060,200
2.665
2.281
0.384
302.84.!
160.8911
1,418,638
673.327
2,555,709
1866..
11,709,294
9.842.500
513,102,181
2.282
1.821
0.461
819,684
164,250
1.831,304
804.271
3.186,356
1867..
11,832,300
8,732.946
565,657,813
2.092
1.544
0.548
305.080
173,296
8,809,761
1,020.497
3.709,224
1868..
12,882,165
8,440,518
675,775,5CO
1.906
1.249
0.657
392,870
210020
2,583,122
1,235,872
4,427,881
1869..
12,932,657
9,035,031
752,711,312
1.718
1.200
0.518
470,923
233.243
2.810,530
1.471,299
4.991,995
1870. .
12,793,160
8,247.797
825,979,0!-2
1.549
0.998
0.551
541,005
231,714
3,071,200
1,583,482
6,487,4m
1871..
14,052,305
8,846,695
1,011,802,207
1.389
0.874
0.515
708,327'
314.305
3,700,257
1,852,954
6,575,843
1872..
10.S50.S1I1
10,546,492
1,1 90, 144,' 136
1.416
0.886
0.580
791,504
303.725
4,231,820
2,457,729
7.8-44,778
1873..
19,608.555
11. 867.198
1,384.831,970
1.416
0.857
0.559
873,795
319,C64
5,482,507
2.535,268
0.211.234
1874..
17.227,505
10,270,013
1,372,500,976
1.255
0.748
0.507
1,065,647
301..-/.M
4,915.187
2,844,788
8,626,946
1875..
15,651.741
9,116,374
1.479,414,466
1.058
0.616
0.442
1,002.072
ar>2,i3i
5,388,916
2.372,249
9.115,368
1876..
14,530,784
9,485,739
1,629,742,021
0.892
0.582
0.310
1.322.276
21)3.203
6,791,706
2.515.666
6.922.911
1877..
14,642,109
8,244,981
1,494.798.19s
0.980
0.552
0.438
1.0 19.01 18
288,; HI
5,713,443
2,717,065
9.738,295
1878..
15.904.50l
8,374,007
1,732.00:1131
0.918
0.483
0.435
1,450,830
287,718
6,19 ,184
3,013,025
10,946.752
1879..
17,016,989
9,130,612
2,136,708.887
0.796
0.427
0..-J69
1,692.376
.•181.101
7.592,082
4.015.469
13,684.041
18SO..
20,231.016
10.S93.3IW
8,898,817,828
0.880
0.474
0.406
1,581, 355
486,005
8,506,006
4.7111.233
15.804.788
1881..
22,400,120
11.5!IS.!i:U
2.0:,5.43S,704
0.799
0.437
0.862
1,639,348
5(8.181
10,116,196
5,905,640
18.229,365
1882..
2:1517.178
13,616,518
2. s; 11. 542.701
O.K17
0.473
0.344
1,350,129
594,090
11,906,086
6.509.554
20,860,899
1883..
24,686,789
11.308,550
2,996,892,51)7
0.819
0.477
0.342
1,382,156
555,694
12,469,252
7,267,058
91,674,160
1884
22,823,329
13,6011,586
8,068,499,966
0.740
0.441
0.299
1 293 7 (Ml
531.060
13.330.714
7.428,342
22 583,825
1885..
20,804,493
12.!»88.:iti:!
3,318,460,263
0.627
0.391
0.236
1,684.671
578,600
13,884,492
7.!>05.350
24.ii47.02S
1886..
23,830,302
14,373,047
3,390,769,583
0.695
0.423
0.272
1,540,210
638,262
14,595,636
9,646,840
26,420,948
POOR'S MANUAL — PENNSYLVANIA RR. CO.
247
RAILROADS OWNED AND CONTEOLLKD BY THE PENNSYLVANIA RR. Co.
The following statement shows the results for 1886, of railroads owned or controlled by
the Pennsylvania RR. Co., but operated apart from the main line :
No. Central
Ry. •
Bait. & Pot.
RR.
Cnmb. Val.
RR.
Alleg. Val.
RR.
P. W. & B.
RR.
W. Jersey
RR.
Camden &
Atlant. RR.
Gross Earnings
Expenses
Net Earnings
$
5,474,017 32
3,542,667 90
1,931,949 42
277,347 88
2,209,297 30
834,770 00
115,598 71
444,443 72
814,484 87
(8)520,000 00
294,484 87
$
1,335,844 29
823,190 89
512,647 40
$
733,707 62
537,422 44
196,285 18
$
1,812,729 34
1,131,499 21
681,230 13
K'.KMI 11
683,220 27
1,107,000 00
8,604 01
"L. 432,383' 74
L.' 432,383' 74
$
6,004,764 40
4,142, 1.",.", r,:;
1,862,630 87
147,553 82
2,010,184 69
200,000 00
60,394 32
516,617 42
1,233,172 95
(8)945,548 00
287,624 95
$
1,352,458 06
849,184 13
503,273 (j:i
21,350 61
514,684 54
221,919 19
90,081 42
"212,623'93
"212,623 '93
$
599,090 98
469,315 5»i
129,775 42
:.'n,s< K M
150,577 98
98,967 67
Other Receipts
Available Revenue
Interest on Bonds
Other Interest, etc
Rentals, etc
Net Revenue
512,647 40
270.000 00
7,474 11
6,288 17
228,885 12
'228,885 'l2
196,285 18
21,640 00
10,700 50
" 163,944' 68
(8)142,2^8 00
21,71$ 68
""bi'.oio'si
""5i',6i6'3i
Dividends Paid
Surplus
The company also operates the Camden and Philadelphia Steamboat Ferry, connecting
the lines terminating at Camden and Philadelphia, and the West Jersey Ferry, plying between
the same cities. Their income accounts are given below :
Gross
Earnings.
Expenses.
Net
Earnings.
In. on Mtgs.
Taxes, etc.
Surplus.
Camden and Philadelphia Steamboat Ferry Co. . .
West Jersey Ferry Company
$207,720 42
122,627 68
$102,114 12
79,780 49
$105,606 30
42,847 19
$8,891 65
27,186 05
$96,714 65
15 C61 14
Totals
$330,348 10
$181,894 61
$148,453 49
$36 077 70
$1 12 375 79
OPERATIONS OF ANTHRACITE COAL COMPANIES.
Statement showing earnings and expenses, interest and dividends, of coal -producing
companies ; also coal mined and sold, and price received for same at point of sale :
Susq'hanna
Coal Co.
Summit
Br. RR. Co.
LykensVal.
Coal Co.
Mineral RR.
& Min'g Co.
Total.
Gross Earnings . . ..
8
4,967,812 34
4,874,770 89
93,041 45
53,869 17
146,910 62
110,190 16
(6)128,208 00
$
734,123 44
721,341 04
12,782 40
$
757,696 40
854,88812
d. 97,19172
$
983,448 64
1,082,933 60
d. 99,48496
7,443,080 82
7,533,933 65
d. 90,85283
53.869 17
d. 36,983 66
193,140 16
128,208 00
50,053 78
- 325,435 60
2,272,888 11
2,2(58,635 03
7,126,302 <J1
Expenses . .
Net Earnings ...
Increased Value of Stock, Coal, etc
Net Revenue
12,782 40
82,950 00
d. 97,19172
d. 99,48496
Interest on bonds, etc. .
Dividends Paid.
Decreased Value of Stock Coal
18,576 56
- 5,794 16
172,281 18
177,136 12
724,808 14
25,971 28
- 123,10300
183,079 05
189,175 10
751,353 82
5,50594
- 104,990 90
290,736 00
290,795 04
912,094 50
Balalance (+ or — )
- 91,48754
1,626,741 02
1,611,527 17
4,738,046 45
Tons Coal Mined
Tons Coal Sold
Amount Received at Point of Sale.
The average price per ton at point of sale, aggregating the results of the four coal com-
panies for 1886, was IS.M^, as against IS.SO]22,, in 1885 ; a decrease of 25^ cents per ton.
The marked reduction in the revenues of the coal companies is due, not only to this
cause, but to the fact that there was a decreased output, owing to a protracted strike at one
of the collieries, and the lack of sufficient equipment to move the tonnage.
PENNSYLVANIA CANAL COMPANY.
The following statement shows its operations for 1886, as compared with 1885 :
Gross
Earnings.
Expenses.
Net
Earnings.
Interest
on Bonds.
Net Profit.
Net Loss.
1886...
$281,384 74
$201,847 86
$79,536 88
$170,640 00
$91,1W5 12
1885..
274207 10
145,441 20
128,765 90
175,350 00
46,584 10
Increase.
$7,177 64
$56,406 66
44,519 02
Decrease
$49,229 02
$4,710 00
243 POOR'S MANUAL— PENNSYLVANIA RR. co.
The aggregate tonnage for the year was 670,641 net tons ; an increase, as compared with
1885, of 46,620 tons. The anthracite tonnage increased 44,888 gross tons; and the lumber
tonnage, including logs, decreased 11,919 net tons.
CA.H TRUSTS.
Under the system of Car Trusts, further provision was made" for equipment by the issue
of $5,000,000 additional certificates, bearing interest at four percent, per annum. Up to the
close of the year there had been furnished under this arrangement 2,805 long and hopper
gondolas for the main line, 750 box cars and 1,200 long gondolas for the lines in which your
company is interested west of Pittsburgh and 81 long gondolas, subleased to the Northern
Central Railway Company.
The outstanding certificates of Series E of the Car Trust of Pennsylvania, representing
1,000 box cars, at a cost of $420,000, and bearing interest at six per cent, per annum, were
paid and cancelled during the year. The cars thus furnished had been sublet to the Pitts-
burgh, Cincinnati and St. Louis Railway Company, and have been paid for and are now
owned by that company.
The 20,614 cars placed on the lines east of Pittsburgh, through Car Trusts, represent a cost of §10,843,380 00
The 12,937 cars west of Pittsburgh 6,499,370 00
The cars subleased to affiliated lines, viz.: 2,031 cars Northern Central Railway Company, $1,056,-
550.00 ; 250 cars Allegheny Valley Railroad Company, §137,500.00 ; 152 cars New York, Philadel-
phia and Norfolk Railroad Company, $100,000.00 1,294,250 00
Total, 35,984 cars $18,637,00000
On account of which had been paid, to Dec. 31st, 1885, for cancellation of certificates. $9,620,000 00
Paid by Pennsylvania Railroad Company in 1886, $767,583.57 ; deduct interest paid on
certificates, $144,734.14— balance applied to redemption and cancellation of certifi-
cates in 18S6 622,849 43
Paid by Pennsylvania Company's lines in 1886, $642,386.49 ; deduct interest paid on
certificates, $153,960.92— balance applied to redemption and cancellation or certifi-
cates in 1886 488,425 57
Paid by Northern Central Railway Company in 1886, $136,541.92 ; deduct interest paid
on certificates, $34,566.92— balance applied to redemption and cancellation of cer-
tificates in 1886 101,975 00
Paid by Allegheny Valley Railroad Company in 1886, $17.572.48 ; deduct interest paid
on certificates, $3,822.48— balance applied to redemption and cancellation of certi-
ficates in 1886 13,75000
Paid by New York, Philadelphia and Norfolk Railroad Company in 1886, $5,050.00 ;
deduct interest paid on certificates, $5,050.00
Total amount of certificates redeemed to December 31st, 1886, as follows : Amount
paid in full payment of 10,214 cars $5,454,000 00
Amount paid on account of 25,770 cars 5,393,00000—10,847,00000
Balance of certificates outstanding December 31at, 1886 $7,790,000 00
LINES WEST OF PITTSBURGH.
The following statement gives the result of the lines west of Pittsburgh operated by the
Pennsylvania Company and Pittsburgh, Cincinnati and St. Louis Railway Company :
The total earnings of the Pennsylvania Company on lines operated directly by it
were ". $17,183,509 98
Expenses for same period were 10,703.659 55
Leaving net earnings 6,479,850 43
Prom this deduct : Rental, interest, and liabilities of all kinds chareeable thereto. . 6,608,056 09
Net loss on Pennsylvania Company's lines ~. $128,205 66
The total earnings of the Pittsburgh, Cincinnati and St. Louis Railway Company
on lines operated directly by it were 6,927,38521
Expanses for same period were 4,867,037 20
Leaving net earnings 2,060,348 01
From this deduct : Rental. Interest and liabilities of all kinds chargeable thereto.. 1.749,691 95
Net profit on Pittsburgh, Cincinnati and St. Louis Railway Company's lines 310.656 06
Net profit, on lines west of Pittsburgh for 1886 182^450 40
Net loss on lines west of Pittsburgh for 1885 1.115,54638
Gain on lines west of Pittsburgh for 1886 1,297,096 78
The other lines west of Pittsburgh, on account of which the company has assumed di-
rect obligations, or in which it is largely interested through ownership of securities, but
which are operated through their own organizations, are the Chicago, St. Louis and Pitts-
burgh Railroad ; St. Louis, Vandalia and Terre Haute Railroad ; Grand Rapids and Indiana
Railroad, and roads operated through its organization ; East St. Louis and Carondelet Rail-
way ; Cincinnati and Muskingum Valley Railway ; and the Waynesburg and Washington
Railroad.
POOR'S MANUAL— PENNSYLVANIA RR. CO. 249
The aggregate gross earnings of these roads in 1886 were. . . «0 397 %fi 94
Expenses ................ ............................... '" 7042 4',4 81
Net earnings ......................................... .......I."."" 2,«».494 13
Deduct rental and interest ................................................ 2 308 820 47
Profit ............................................. .' . <j,4(5 0-j> fa
Of this profit the Penn. RR. Co., under existing contracts, is entitled to. . ' '. j-.m s.3
Which, added to the profit shown in the above statement ..... 182*450 V)
Leaves a net profit on all lines west of Pittsburgh for 1886 *20s'~H* 2
Net loss on all lines west of Pittsburgh for 1885. ... 1 00->'97S 73
Showing a gain for 1886, as compared with 1885, at..........'...'.'...'..'.".'."'"'.
These lines, comprising- the western system, show an improvement over the preceding
year, there being a net profit of $205,787.23, against a loss, in 1885, of $1,092,973.73. The
freight traffic shows an increase of 5,661,034 tons, and the passenger travel an increase of
876,406 in the number carried. The condition of the properties was fully maintair ed, and
the facilities for handling traffic were increased by the purchase of real estate and additional
equipment, and by expenditures upon double track, sidings, freight yards, and stations at
various points.
There have been redeemed through the sinking fund $1,023,000 of the issue of $3,200,-
000 of the Pennsylvania Company's six per cent, bonds, secured by Pittsburgh, Fort Wayne
and Chicago Ry. Co. stock as collateral, leaving the amount outstanding $2,177,000. As no
purchases could be made, under the terms of the sinking fund, of the issue of its four and
one-half per cent, bonds, the amount outstanding is $13,217,000, the same as last year.
The report made by the trustees of the sinking funds of the first and second mortgages
of the Pittsburgh, Fort Wayne and Chicago Ry. Co. shows that the regular annual contribu-
tion of $104,100 was paid to the trustees of these mortgages. They redeemed during the
year $25,000 of the first mortgage and $59,500 of the second mortgage bonds, making the
total amount redeemed to December 31, 1886: First mortgage bonds, $1,633,500; second
mortgage bonds, $1,949,500. With a balance of cash in the hands of the trustees, unin-
vested, December 31, 1886 : On account of first mortgage sinking fund, $495,410.83 ; on ac-
count of second mortgage sinking fund, $328,356.74.
The further sum of $129,524.83 was also added to the sinking funds provided for the re-
demption of the existing mortgages of the Cleveland and Pittsburgh Railroad Company, in
addition to the amounts contributed directly to other sinking funds by the individual com-
panies.
.The Grand Rapids a'id Indiana Railroad Company shows favorable results, having been
more than able to meet the interest on its entire bonded debt and losses on leased lines. The
land department made sales of 25,848 acres of farm lands and 3,821 acres of pine lands for
$268,199.84, being an average of $9.20 per acre. The amount sold to the close of the year,
after deducting cancelled contracts, was 44^,604 acres, and the aggregate price received
therefor was $5,265,475.67, an average of $11.90 per acre. No bonds could be purchased by
the trustees during the year out of the proceeds of such land sales, and there are now out-
standing $3,934,000 of the guaranteed and $505,000 of the unguaranteed first mortgage land-
grant bonds of the company.
The assets on hand December 31st, 1886, applicable to the redemption of the first mort-
gage land-grant bonds were : Cash in the hands of the trustees, $846,655.93 ; cash in the
hands of cashier, $33,085.16 ; bills and accounts receivable in handsof cashier, $326,412.13 —
total, $1,206,153.22.
The amount expended during the year on capital account on the lines west of Pittsburgh
was :
Pennsylvania Company, $374,00790
Pittsburgh,Ft.Wayne and Chicago Railway 359,749 96
Cleveland and Pittsburgh Railroad 65,817 14
Ashtabula and Pittsburgh Railway 20,561 54
Pittsburgh, Cincinnati <fe St. Louis Railway 94,651 73
Pittsburgh, Wheel's & Ky. RR. Main Line. 15,865 36
Pitts., Wheel'g & Ky. RR., BenwoodEx... 50 00
Little Miami Railroad $70 00
Chicago, St. Louis and Pittsburgh RR. . . . 127,069 5B
Jeffersonville, Madison & Indianap's RR. 51,161 30
Waynesburgh and Washingtpn Railroad. . 693 02
Total... $1,109,697 51
* The difference between this amount and the balance shown by the income accounts of Pennsylvania Com-
pany and Pittsburgh, Cincinnati and St. Louis Railway Company is due to the fact that $72,468.70, being the net
earnings of the North-western Ohio Railway, were applied in payment of advances heretofore made by Pennsyl-
vania Company.
250
POOR'S MANUAL — PENNSYLVANIA RR. CO.
There were laid on the northwestern lines operated directly in the company's interest
b,639 tons, and on the southwestern lines 8,656 tons of steel rails.
The aggregate amount of steel rails laid in 1886 on all lines owned, controlled, or oper-
ated by the company east and west of Pittsburgh was 56,037 tons.
Summary of all lines east and west of Pittsburgh, operated by Pennsylvania KR. Co.,
Pennsylvania Co., or controlled organizations.
1886
1885
$101.697,980 78
$92,994,548 94
Ciro«s Expense* excludin" Rentals, Interest, Dividends, etc
67,102,714 5U
:.<J01 CO
Showing Net Earnings
$34,595,366 19
$31,303,647 94
Comparative statement of passenger and freight traffic on lines east and west of Pitts-
burgh for the years 1885 and 1^86 :
Lines.
1886
1885
1886
1885
Tons.
Tons 1 Mile.
Tons.
Tons 1 Mile.
Passeng's
Pass. 1 Mile
Passeng's
Pass. 1 Mile
E.of Pittsb'gh& Erie
West of Pittsburgh..
Total
64,471,950
32,297,431
5,691.215,707
2,999,627,781
60.254.173
2o,618,397
5,486,165,363
2,8*5,675,415
48,115,2P8
12,350,940
902,432,455
326,793,190
43,280.237
11,474,534
876,839.905
357,549,531
96,769,381
8,690,844,488
86,872,570
8,369,840,778
60,466,238
1,229,225,645
54,754,771
1,234,389,436
Summary of operations for 1886, of all lines east and west of Pittsburgh, operated by
Penna. RR. Co., and operated or controlled by Pennsylvania Co.:
East of Pittsburgh.
(2,387.77 miles.)
West of Pittsburgh.
(3,317.30 miles.)
Total.
(5,705.07 miles.)
Passengers Carried
31,090.271
12.350,940
43,441,211
Passengers Carried One Mile
576,906,276
326,793,190
903,699,466
Tons of Freight Moved
44,121,327
32,297,431
76,418,758
Tons of Freight Moved One Mile
4,634,877,682
2,999,627,781
1,635,249,901
Gross Earnings .
8
50,379,077 00
s
33,508,864 00
$
83.887,941 00
Gross Expenses :
32,619,594 61
22,613,171 00
55,232,765 61
Net Earnings .. . ..
17,759,482 39
10,895,693 00
28,655,175 39
4,860,4-12 72
4,860,442 72
Available Revenue
22,619,925 11
10.895.693 00
33,515,618 11
Interest, Rentals, Dividends, etc
20,437,920 71
10,759,744 00
31,197,664 VI
Surplus
2,182,004 40
135,949 00
2,317,953 40
Statement of Pennsylvania RR. Voluntary Relief Department, year ending December
31, 1886.
P. RR.
P.. W. &
B. RR.
N. C. Ry.
B.&P.RR
W. J. RR.
C.&A.RR
Total.
Members
16,096
8
52,968 16
167,163 94
1,44035
43,43541
1,569
8
2,75023
14,220 07
14015
4,745 92
1,595
8
2,152 43
13,018 32
7512
4,25491
290
8
69240
2,400 22
1!) 27
92734
258
S
74289
1,719 70
2294
65461
144
$
31142
1,10542
11 SS
49089
19,952
59,617 52
199,627 67
1,709 71
54,50908
Receipts :
Contributions paid by companies
Contributions paid by members
Interest
Expenses contributed by companies...
Total Receipts
265,007 86
64,821 27
16,800 00
32,328 50
15,48035
43,435 41
21,856 87
5,25000
75000
1,36450
68150
4,74592
19,500 77
6,25000
4,03923
2,000' 00
3,140 14
50000
25000
22030
7450
65461
1,919 61
1,00000
315,463 98
79.821 27
17,80000
35,862 00
17,66460
54.50908
JAsbursements ;
Death benefits, natural
Death bcnctits accident
Disability benetlts, account of sickness.
Disability benefits, account of accident.
Expenses paid by companies
1,328V6
1,08525
4,25491
54740
21400
92734
7260
129 IX)
49089
Total disbursements
172,Sir> 53
92,142 33
12,771 92
9,06445
12,91886
6,581 91
3,68874
35049
1,699 41
1,44073
1,692 49
22712
205,656 95
109,807 03
Balance to credit of the fund
POOR'S MANUAL — PENNSYLVANIA RR. CO.
251
General Balance Sheet, December 31, 1886.
Dr.
Capital Stock (1,895,557 shares at $50 per share) $98,521 ,300 00
Funded Debt (for details see page 252). c.'J.Hs2,r,'.;0 i«i
Stale lien on Public Works, bearing 5 per cent, interest, and payable in annual
installments of £400, (lOO, applicable first to interest, and the remainder to
principal. Original amount, $7,500,000 1,982,071 47
Mortgages and ground rents payable 1,540,448 46
Trust Certificates 8,174,000 00
Accounts payable (Pay-rolls, Accounts, Dividend Scrip, etc.) 13,607,131 56
Appraised value of securities owned by United N. 3. RR. & Canal Companies, and
transferred with the lease $3,838,784 CO
Equipment of road and canal owned by said companies and transferred with the
lease 1,527,766 37— 5.360,550 97
Guaranteed Security Fund :;. v.'S.516 9(5
Sinking Fund Consol. Mtge. Bonds, Bonds Redeemed and Securities Purchased . . :.'. 1^7,865 00
Balance to credit of profit and loss 15,0. '5,348 85
Total liabilities of the company $214,455,922 77
Cr.
Railroad and branches between Harrisbnrg and Pittsburgh, and cost of stations,
warehouses and shops on the whole road $33,002.329 19
Philadelphia and Columbia RR 5,373,733 43
Equipment, including shop machinery, and also including equipment of canal,
consisting of schooners, barges, and tugs 25,243,062 91
Real estate and telegraph lino 13,424,384 33
Total construction and equipment, comprising 1,257.15 miles of track, with
real estate, shops, etc., etc $77,045,509 86
Bonds of Railroad corporations, cost 36,004,428 48
Stocks of Railroad corporations 61,652,327 71
Bonds and stocks of other corporations, coal, canal, and bridge companies, and
other investments not otherwise enumerated 6,604,286 57— 104.201,042 76
Managers of Trust created by Pennsylvania RR. Co., October 9, 1878 3,758,621 43
Freight balances due by other roads 56,996 61
Insurance Fund 10,000 00
Mortgages and ground rents receivable 22,650 00
Anthracite coal lands at Hazleton, Hamilton, Eastwick, and other tracts 446,024 06
Appraised value of securities owned by United Companies 3.838,784 00
Equipment of road and canal owned by said companies 1,527,766 37 — 5,366,550 97
Fuel and materials on hand : Pennsylvania RR 1,5IS9,412 79
United New Jersey RR. and Canal 810,516 94
Philadelphia and Erie RR 235,28225— 2,635,211 98
Bills and accounts receivable and advances to RR. corporations :
United New Jersey RR. aud Canal Co. — construction account 1,137,727 93
sinking-fund account 2,721 ,750 00
real-estate account 1,428,4110 03
Philadelphia and Trenton RR. Co.— construction account 81 9,554 60
real estate account 233,249 37
Other companies 8,108,207 80— 14,448,949 73
Cash Balance in Joint Stock Bank, London, and other parties, to pay coupons
due in January, 1886 1,078,32884
Cash Balance in hands of freight and passenger agents 2,215.958 09
Cash Balance in hands of treasurer 3,110,07844— 5,326.036 53
Total property and assets of the company $214,455,922 77
The trust certificates (originally $10,000,000) were issued to provide part of the means
for the purchase of the P., W. & B. RR. (see SUMMARY OF PROGRESS in MANUAL for 1882,
p. 288) and bear interest at 4 per cent. For the payment of these certificates the faith of the
Pennsylvania RR. Co. is pledged, and they are further secured by a deposit of 200,000 of
the shares purchased with the Pennsylvania Co., for insurance on lives and granting annuities,
as trustees. The dividends upon this stock, after providing for the interest upon the ihen
outstanding certificates, are applied as a sinking fund for their purchase and cancellation
whenever they can be obtained at a price not exceeding par.
Included in accounts payable (in General Balance Sheet) are passenger balances due
other roads, $652,165.52 ; pay rolls and vouchers for December, $4,079,691.81 ; unpaid
dividends, $83,062.50 ; outstanding dividend scrip, $1,530.61 ; sundry accounts due other
roads, etc., $6,598,888.29.
The total line charged in construction account for road between Harrisburg and Pitts-
burgh includes the branches to Indiana, Hollidaysburg, and Morrison's Cove ; branch to
connect with P., V. & C. RR. and branch at Tyrone ; Columbia Bridge; branch from Co-
lumbia to York, and branch from Frazer to Woodland, comprising 1,257.15 miles of single
track (exclusive of the Harrisburg and Lancaster RR., 98.70 miles), and including wharves
and grain elevator, aud cost of stations, warehouses, and shops. The equipment, charged
252
POOR'S MANUAL — PENNSYLVANIA RR. CO.
in equipment account, consists of 1,176 locomotives, 890 passenger, 213 baggage, mail, and
express, 25,349 freight, and 2,219 road cars, as well as shop machinery, steamboats, car-
floats, and canal equipment, schooners, barges and tugs.
Statement of funded debt December 81, 1886 :
Character of Bonds.
Date.
Due.
Interest.
Outstanding.
Int. Charge.
Oct. 14, 1852
1870
June 15,1873
1879
1875
1683
1
Dec. 31, 1880
1910
June 15, 1905
Dec. 1, 1919
Jan. 1, 1901
Juue 1, 1913
6 p. c. January and July —
en c J coup., Jan. &July »
op. c. ^ reg., Apr. & Oct. f
a^ n f coup.,Jnne&Dec. I
bP'c- \ reg.,M..J.,S.&D. f
6 p. c. June and December .
5 p. c. January and July
4^ p. c. June and December.
$
2,00000
19,999,760 00
27,482,930 00
4,998,000 (10
1,000,00000
9,900,00000
$
Gen. Mort. (coup. & reg.)
Gonsol. Mort. (coup. & reg.)..
Consolidated Mortgage
1,199.985 60
1,648,97580
249,900 00
50,00000
450,00000
Navy Yard Mortgage, Reg —
Collateral Trust Loan.
Total ....
63,382,690 00
3,598,861 40
The general mortgage bonds are secured, under a deed dated July 1, 1867, by a mortgage
of $35,000,000 on the railroads, real and personal estates, premises, hereditaments, etc., made
to two trustees for the benefit of the holders. Of the amount outstanding $6,509,000 are
currency and $13,490,760 sterling bonds. Of the currency issue $2,000,000 are coupon and
$4,509,000 registered. The sterling bonds are all coupon, and are indorsed by the London,
Asiatic and American Co., Limited, of London. Interest payable at Philadelphia or at
London Agency. Listed on Philadelphia and London Stock Exchanges. Also quoted at
Dublin, Glasgow, Leeds, and Liverpool.
The authorized issue of consols of 1905 is $100,000,000, and they are secured on the
entire property and franchises of the company, including rolling stock. Of the amount out-
standing $23,469,000 or £4,693,800 are sterling bonds, issued in London in September, 1873,
and December, 1874, and bear the indorsement of the London, Asiatic and American Co.,
Limited. Interest is payable in London January 1 and July 1 ; principal in London July 1,
1905, by the action of a sinking fund of 1 per cent., which is applied by purchase if the bonds
are under par, or accumulated if they are not. The currency issue is identical with the
sterling with every respect, except that interest is payable June 15 and December 15, at
Philadelphia, and that the principal is redeemable at the same place June 15, 1905. All
bonds are for $1,000 each. Listed on Philadelphia and London Stock Exchanges. The
sterling issue is also quoted at Dublin, Glasgow, Leeds, and Liverpool, and the currency
issue at Glasgow.
The authorized issue of the collateral trust loan was $10,000,000, of which $100,000
have been retired by the action of the sinking fund. The bonds are for $1,000 each " to
bearer," and are a direct obligation of the company. They are secured by deposit with the
Provident Life and Trust Co. of Philadelphia of $13,300,000 bonds of subsidiary lines. The
bonds are not liable to be drawn or compulsorily redeemed before maturity, but a sinking
fund of 1 per cent, will be applied half-yearly to their purchase, if they can be obtained
below par and interest. They may be registered with the transfer agent at Philadelphia, in
which case no transfer is valid as to principal, except upon the books of the company, unless
the last transfer be to bearer, which restores its transferability by delivery. The bonds are
subject to successive registrations and transfers to bearer at the option of each holder, but
the coupons in all cases remain "to bearer." Interest is payable at Philadelphia, in gold,
free of all taxes. Listed on Philadelphia and London Stock Exchanges.
Interest on first mortgage, consols of 1919, and Navy Yard mortgage is payable in
Philadelphia, and the bonds are listed on the Exchange of that city.
Capital f4ock is listed on Philadelphia and London Stock Exchanges, and is also quoted
at Dublin, Edinburgh, Glasgow, Leeds, Liverpool and Manchester.
Animal meeting, fourth Tuesday in March. Books do not close for annual meeting,
owners of stock on day preceding being privileged to vote at such meeting. At the annual
election for directors, two weeks thereafter, voting power involves the ownership of stock for
60 days prior thereto.
POORS MANUAL — PENNSYLVANIA RR. CO.
253
List of stocks and bonds owned by the Pennsylvania RR. Co., together with the income
received from same during 1886 :
Names of Companies and Description of
Securities.
Stocks.
Bonds.
Income.
No. of
Shares.
Rat
of
Par
Par
Value.
No. of
Bonds.
Rate
of
Par.
Par
Value.
Allegheny Valley KR
25,000
$
50
1,250,000 00
$
$
$
Alleghany Valley RR. funded debt mg. 7 p. c.
Alexandria & Fred'b'g Ry., 1st nig., 7 p. c., g.
Am. Bottom M'ble, Lime & Coal Co., 7 p.c.,g.
Bald Eagle Valley RR
5,5i6
1,000
150
1,000
1,000
1,000
5,510,606 66
1,000,000 00
150,00000
15,750 00
46,835 00
9,367
60,852
50
50
468,S>0 00
3,042,600 00
Baltimore and Potomac RR
Bait and Pot. RR., 2d mg. income, 6 p. c. ..
2,000
1,000
2,000,000 00
Bay Shore RR
450
100
45,000 00
Bedford and Bridgeport RR., 1st mg., 7 p. c.
Belief ont, Nittany and Lemont RR
1,000
1,000
1,000,000 00
21,000 00
50
50
2,500 00
Bel , Nit. and Lemont RR., 1st mg., 6 p. c. ..
150
1,000
150,00000
9,000 00
1,177 50
910 00
51000
Bell's Gap RR
471
50
23,550 00
Bell's Gap RR. 1st mortgage, 7 p. c
26
\ f
500
1,000
500
13,00000
j- 8,500 00
Bell's Gap RR., consolidated mg., 6 p. c
Belvidere Delaware RR
827
50
41,350 00
Belviderc Delaware RR., con.mg., 7 p. c
1,200
30
1,000
500
1,200,000 00
15,000 00
84,000 00
Bur'gtonCo. RR., 1st nig. (Vin. Br.)ov.,6p. c.
Camden and Atlantic RR., common
4,682
9,039
666
50
50
50
234,100 00
451,950 00
85,300 00
Camden and Atlantic RR., preferred
Camden and Phila. Steamboat Fen y Co
Cent. Stock Yds. & Transit Co.,lstmg.,7p.c.
Centre Turnpike Co
3,330 00
21,000 00
300
1,000
300,000 00
83
6,527
50
50
4,150 00
326,350 00
Chartiers Ry
Chicago, St. L. & Pitts. RR., con. mg.,5p. c.
Cin. & Muskingum Valley RR., 1st mg.,7 p.c.
Cincinnai i Street Connection , 6 p. c
3,885
754
110
1,000
1,000
1,000
3,885,000 00
754.000 00
110,000 00
2fi,4GO 00
6,600 00
Clearfleld and Jefferson RR
230
50
11,500 00
Clearfield and Jefferson RR., let nig , 6 p. c..
\ "
1,000
500
j- 11,500 00
Cleveland, Mt. Vernon & Del. RR., common
Col'biaand Port Deposit RR., 1st mg., 7 p. c..
Columbus and Xenia RR
22,000
50
1,100,000 00
1,822
1,000
1,822,000 00
aiooo oo
43,042 20
76,602 00
10,391
25,554
7,286
2,000
50
50
25
25
519,550 00
1,277,700 00
182,150 00
50,000 00
Connecting Kv
Cresson Springs Co., common
Cresson Springs Co., preferred
Cresson Springs Co., 1st mg., 6 p. c
100
1,000
100,000 00
9,000 00
Cleveland & Pittsburgh RR., cous.& eq.bds.
Cumberland Valley RR., common
19,516
4,744
18
50
50
50
975,800 00
237,200 00
900 00
[ 97,04000
Cumberland Valley RR., preferred
East Brandywine and Waynesburg RR.
E. B'ndywine & Wa'sb'g RR., Istmg., 7 p. c.
E. B. & W. RR., New Holland exten., 7 p. c.
Enterprise RR
I 48
1 1,087
j 95
1 1.486
500
100
500
100
[ 132,70000
j- 196,10000
200
100
20,000 00
Flemington RR. and Trans. Co., 6 p. c
250
1,000
250,000 00
15,000 00
Frederick and Penn. Line RR., preferred.. .
Fred, and Penn. Line RR. 1st mg. 6 p. c. gold
Freehold and Jameson rg Agr RR
9,220
50
461,000 00
j 158
| 113
1,000
500
[ 214,500 00
7,27500
1,264 00
158
10,642
100
100
15,800 00
1, ('64,200 00
593
( 6
2,700
484
500
i,666
1,000
500
1,000
1,000
1,000
593,000 00
j- 6,500 00
2,700.000 00
484.0CO 00
500,00000
29,650 00
240 00
102,000 00
24,200 00
30,000 UO
2,fc80 00
Gettysburg & Harrisburg RR., 1st mg. 6 p c.
Grand Rnpids and Indiana RR., 6 p. c
Grand Rapids and Indiana RR.. 5 p. c
Indianapolis & St. LoiiisRR.,30-yrs.6p. c. g.
Indianapolis and Vincennes RR bonds
14,500
50
725,00000
Jeff., Madison & Indianap's RR., Istm. 7p. c.
Jersey City & Bergen RR., 1st mg. 7 p. c
318
239
1,000
1,000
318,000 00
239,000 00
22,260 00
17.325 00
22,9S>5 00
12000
1,533
50
76,05000
Junction RR., 2d mg. 6 p. c
2
1,000
2,000 CO
Kensington and Tacony RR
I,i85
1.000
22,248
50
100
50
59,250 00
100,000 00
1,112,400 00
6,000 00
Lew. & Tyrone RR., cert, of indebted's, 6 p. c
Little Miami RR
400
500
200,00000
12,000 00
48,040 00
12,010
5,015
9,013
1,000
400
400
1,250
50
50
100
50
600,500 00
250,750 00
901,300 00
50,000 00
4,000 00
4 000 00
Long Beach RR
Louisville Bridge Co
72,104 00
Manor Real Estate and Trust Co
Martin's Creek Ry. of N. J., instalment
Massillon and Cleveland RR
50
62,500 00
3,125 00
May's Landing & Egg Harbor City RR., 7 p.c
2,742
50
137,100 00
38
500
19,000 00
4,118 00
12,000 00
Mifflin and Centre County RR., Istm. 6. p.c.
j 100
1 200
1,000
500
j- 200.000 00
254
POOR'S MANUAL — PENNSYLVANIA RR. CO.
Names of Companies and Description of
Securities.
Stocks.
Bonds.
Income.
No. of
Shares.
Rat.
of
Par
Par
Value.
No. of
Bonds.
Rate of
Par.
Par
Value.
Milford and Bay Shore RR., instalment
Mineral RR., and Mining Co., instalment...
2,025
16,667
480
6,000
2,532
'18,500
60,414
32,000
70,343
$
"50
$
1,012 50
33,334 00
24.000 00
12,500 00
8
$
S
N. J. Warehouse & Guarantee Co.. insitaim't.
25
"56
50
50
50
63,300 00
925,666 '66
3,020,700 00
1,600,000 00
3,517,150 00
6,330 00
84,000 00
55,500 00
241,656 00
North & West Branch Ry., 1st mg. 6 p. c....
1,400
1,OCO
1,400,000 00
469
1,000
469,000 00
28,140 00
620 00
990
400,000
1000
50
996,000 00
20,000,000 00
770 14
Pennsylvania Schuylkill Valley RR
120,040
50
0,002,000 00
Penn Schuylkill Val RR 1st mtg. 5 p. c...
61
100,000
6,100,000 00
2.244
70,036
48,000
100
50
50
224,400 66
3,501,800 00
2,400,000 00
26,024 00
Philadelphia and Erie RR common
Philadelphia and Erie RR., preferred
122,460 90
10,650 00
220,800 00
67,162 50
6,000 00
Phila & Erie RR., con. mtg. 5 p. c
99
3,680
1,485
100
i.ooo
1,000
1,000
1,000
99,000 00
3,(,80,000 00
1,485.000 00
100,000 00
Phila. & Erie RR., con. mtg. 6 p.c. gold coup.
Phila & Krie RR debenture 4£ per cent
P. Amboy and Woodbridge RR.,lst m. 6 p. c.
PhiladephiaandLehighVal.RR., instalment
4,666
15,296
19,992
5
217,819
60,000
40,000 00
50
"50
100
50
50
764,800 00
999,666'66
500 00
10,890,950 00
3,000,000 00
Phila. & Long Branch RR., l#t mtg. 5 p. c.
Phila., Germantown & Chestnut Hill RR.. . .
Philadelphia and Trenton RR
750
1,000
750,00000
50 00
871,276 00
Philadelphia, Wilmington and Baltimore RR
Pittsburgh, Cincinnati & St. L. Ry.,preferr'd
P C & St L. Ry., con. mt<r. 7 per cent
500
1,000
500,000 00
35.000 00
15,848 00
63,307 75
150^000 00
6,940 50
Pitt*., Ft. Wayne &-Chic. Ry., spec, guar'd.
Pittsburgh, Virginia and Charleston Ry
Pitts Vir<" & Charleston Ry., 1st mtg. 5 p.c.
33
23,021
100
50
3,300 00
1,151,050 00
3,000
98
1,000
1,000
3,000.000 00
98,000 00
Pitt#.,Wheeling & Kentucky RR.,1 mtg.7 p.c.
Pittsburgh and Whitehall RR
6,000
50
300,000 00
Piedmont & Cumberland RR., 1st mtg. 5 p. c.
50
1,000
50,000 00
ib,666
2,994
3,276
350
100
9,8:20
50
50
'ioo
50
50
500,660 66
149,700 00
16,380 Oil
35.000 00
5,000 00
Pottsvifle and Maliauoy RR
Reading and Lebanon RR., instalment
Rie<relsville RR of New Jersey
Rie|rel"ville RR of Pennsylvania
Rid"eway and Clearfleld RR
491,000 00
Ridgeway and Clearfleld RR., 1st mtg. 5 p. c.
River Front RR
491
1,000
491,000 00
64,80000
10,800 00
44,905 00
300 00
57,740 00
49,000 00
4,320
50
216,000 00
Shamokin Val. & Pottsville RR., 1st m.7p.c.
Shenandoah Valley RR., general mortgage I
j 544
1 ISO
84
1,000
500
1,000
i 634,000 00
84,00000
Southwest Pennsylvania Rv
11,548
50
577,400 00
Southwest Pennsj'lvania Ry., 1st mtg. 7 p. c.
St. L.,Vandalia & Terre Haute RR., Istprel.
St. L., V., & T. H. RR., 2d mtg. con. 7 p. c..
Steubenville & Indiana RR., 5 p. c. regist'd.
Summit Branch RR
700
i,eoo
700,666 66
8,370
100
837,000 00
225
2
1,000
1,000
225,000 00
2,000 00
15,750 00
43,834
50
2,190,200 00
Summit Branch RR., 1st. mortgage 7 p. c
500
1,000
500,000 00
35,000 00
Sunbury, Hazleton and Wilkesbarre Ry
S., H. & W. Ry., 3d mortgage income, 6 p.c.
S., H. & W. Ry., 1st mtg., series B, 6 p. c
Susquehannu and Clearticld RR.
20,000
50
1,000,000 00
I 4as
1 6
185
1,000
100
1,000
j- 488,600 00
1S5,OJO 00
29,316 00
12,069 45
5,720
"50
"'286,000' 66
Susquelmnna and Clearf'd RR., 1st m. 5 p. c.
Stisquehanna Coal Co
285
1,000
285,00000
12,00000
128,208 00
21,368
865
20,000
100
50
50
2,136,800 00
43,250 00
1,000.00000
Tipton KR
Tyrone and Clearfleld RR
50,00000
50,00000
3,56300
135,000 00
37,48500
8,25000
4,08900
7,16000
89,92800
17,082 00
60000
125,00000
Tyrone and Clearfleld RR., 1st mort. 5 p. c..
1,000
1,000
1,000,000 00
Trenton Horse Car RR., 7 per cent
United New Jersey RR. and Canal
13,500
100
1,350,00000
Warren and Franklin RR., 1st mort. 7 p. c..
j 311
| 449
1,000
500
j- 535,50000
West Chester RR
3,300
1,343
358
19,984
50
50
250
50
165,000 00
67,150 00
89,50000
999,20000
West Jersey RR
West Jersey Ferry Co. Stock
Western Pennsylvania RK
Western Penn. RR. (branch), 6 per cent
( 193
{ 131
262
10
2,500
1,000
500
100
1,000
1,000
V 284,700 00
10,00000
2,500,000 00
Western Penn. RR., 1st mort. 6 per cent
West. Penn. RR., consol. mort. 5 p. c
West Penn. and Shenango Connecting RR..
Totals
1,660
60
83,00000
87,631,426 50
49,739,600 00
3,991,628 94
POOR S MANUAL— PENNSYLVANIA RR. CO.
255
Statement of bonds and stocks owned by Pennsylvania RR. Co. for nine years :
1878
1879
1880
1881
1882
1883
1884
1885
1886
Bonds, par
Stocks, par —
Total
$
48,936,734
50,814,604
$
44,167,800
55,9r6,184
$
41.547,500
56,297,09(1
$
34.705,400
75,424,029
$
36,717,300
75,!)39,<J07
$
42,123,800
83.281,719
$
45,594,300
82,464,04'J
S
47,700,300
85,408,447
S
49,739,600
87,681,427
9<>,751,338
66,670,511
1,804,849
100,143,984
(55,481,683
2,110,933
98,144,695
61,833,6.S2
2,003,669
110,129,429
79,719,156
3,211,466
112,657,207
81,037,668
3,510,562
125,405,519
92,331,710
4,113,059
128,058,846
96,866,517
3,956,374
183,108,747
100,002.740
4,446.434
137,371,027
104,2til,076
3,991,629
Cost of same . .
Income
Statement of general balances for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Main Line
349.52
1,089.70
1,000.00
877
550
174
16,198
1,544
$
68,870,200
4,970,000
19,999,760
28,901,540
353.12
1,096.38
1,550.00
877
612
175
17,646
1,556
$
68,870,200
2,103,000
19,999,760
28,610,540
5,000,000
1,000,000
353.12
1,119.27
1,550.00
907
675
175
22,265
2,161
S
77,6(2,750
21,000
19,999,760
28,324,060
5,000.000
1,000,000
354.03
1,168.84
1,560.00
1,012
764
185
23,968
2,143
$
85,301,300
10,000
19,999,760
28,041,250
5,000,000
1,000,000
357.74
1,211.8'»
1,575.04
1,146
825
213
25,091
2,195
S
92,619,750
10,000
19,999,760
27,760,390
5,000,000
1,000,000
3,000,000
2,976,003
1,824,027
9,143,000
357.74
1,242.10
t 1,408.96
1,176
876
213
25,101
2,225
8
94,777,850
9,000
19,999,760
27,482,930
5,000,000
1,000,000
5,940,000
2,660,913
1,876.320
8,734;000
357.74
1,248.20
1 1,133. 11
1,170
878
213
25,101
2,225
$
94,777,850
8,000
19,999,700
27,482,930
4,980,000
1,000,000
9,900,000
2,329,872
1,449,115
8,366,000
i57.74
1,281.81
t 1,169.67
1,220
973
214
25,589
2,284
I
98,521,300
2,000
19,999,760
27,482,930
4,998,000
1,000,000
9,900,000
1,982,071
1,540,448
8,174,000
Miles of Track Owned. . .
Miles of Steel Rail
Locomotive Engines . , . . .
Passenger Cars
Ba^ga^e, etc., Cars
Freight and Coal Cars . . .
Roadway & Service Cars.
Capital Stock
Funded Debt :
1st Mortgage, 1880
Gen. Mortgage, 1910...
Cons. Mortgage, 1905. .
Cons. Mortgage. 191!)
Navy Yard Mort., 1881.
Collateral Trust. 1913
1,000,000
State Lien on P. Works. .
Mtgs. and Ground Rents.
Trust Certificates
4,991,676
1,304,780
3,833,066
1,499,937
3,561,366
1,834,112
10,000,000
3,275,910
1,898,027
9,571,000
Bills Payable
1,040,000
6,264,678
1,894
8,895.585
3,419,005
700,000
343,460
4,181,073
Accounts Pavable
6,551,393
1,298
3,895,585
3,163.705
1,300,000
634,460
7,793,949
8,263,369
10,223,873
16,749,602
10,725,627
11.415,339
13,607,132
Div. Scrip of 'Dec., 1873...
Securities United Cos. ..
Equipment United Cos..
Securities Fund
3,895,585
2,805,855
1,900,000
925,940
10,344,079
3.895,585
2,679,305
2,500,000
1,208,750
12,194,639
3,859,295
2,267,004
3,100,000
1,489,610
13,613,184
3,859,295
1,980,824
3,700,000
1,767,070
14,032,918
3,859,295
1,720,6(16
3,758,621
2,091,900
14.734,193
3,838,785
1,527,766
3,828,517
2.427.865
15,625,349
Bonds Redeemed
Profit and Loss
Total Liabilities
Pennsylvania RR
Phil, and Columbia RR..
Del. River Extension
148,983,650
24,913,545
5,375,733
2 135 002
154,256,894
28,990,987
5,375,733
175,547,876
30.690,937
5,375,733
186,799,399
31.863,808
5,375,733
204,411,625
32,599,342
5,375,783
203,576,507
32,715,954
5,875,733
207,891,571
32,824,3-10
5,375,733
214,455,923
33,002,329
5,375,734
Equipment
17,698,305
9 857 555
18,033,201
10,858,152
19,875,040
11,751,165
21,950.572
12,067,835
23,595.950
12,341,830
24,216,890
12,744,676
24,216.890
12,738,228
25,243,CK)3
13,424,384
Real Estate & Telegraph .
Permanent Property.
Bonds of RR. Companies
Stock? of RR. Companies
Other Securities
59,975,1 JO
85,520,578
31,723,767
8,237,137
7dO,000
*10,000
3,895.585
3,419,005
29,735
702,315
1,845,236
8,037,120
4,797,832
63,263,073
23,734,825
30,742,961
7,355.596
1,300,000
*10,000
3,895.585
3,163,704
69,735
764,256
2,815,416
10,931,660
6,209,783
67,692,S7'5
19,690,474
52,953,373
7,075,109
1,900,000
*10,000
3,895,585
2,805,854
88,661
738,211
3,313,332
10,563,459
4,820,942
71,257,948
21,367,287
54,651,778
5,018,603
2,500,000
*10,000
3,895,585
2,679,305
69,923
721,433
4,201,857
14,562.283
5,863,397
73,912.855
30,160,691
58.568,560
6,602,464
3,100,000
*1 0,000
3,859,295
2,267,005
57,650
709.336
3,963,457
12,300,512
8,899,800
75,053,253
32,507,743
58,951,919
5,406,855
3,700,000
*10,000
3,859,295
1,980,824
39,150
703,971
3,523,458
10,705,751
7,134,285
75,155,191
33,788,545
61.020.380
5,283,815
3,750,000
*10,000
3,8-9,295
1,720.696
19,150
704,4:33
2,735,509
12,482,277
7,362,280
77,045,510
30,004,428
61,652,328
6,604,287
3,758,621
*10.000
3,838,785
1,527,766
22.650
446,024
2,635,212
14,505,946
6,404,366
Trust of 1878
Bonds for Ins. Fund
Securities United Cos. ..
Equipment United Cos. .
Mort. and Ground Rents.
Cost of Coal Lands
Fuel and Materials
Bills and Accounts
Cash and Catih Balances.
Property and Assets.
148,983,650
154,256,894
175,547,876
186,799,399
204,411,625
203,576,507
207,891,571
214,455,923
*The Insurance Fund actually represents, December 31, 1886, an asset of $1,638,561.09 invested in bond
of the par value of $1,686,700, and cash, 81,790.94. Value of Insurance Fund, at close of 1886, $1,640,352.03.
t Miles steel rail owned by Pennsylvania RR. Co.
The principal of the debt due to the State of Pennsylvania on account of the purchase of
the Main Line -was reduced during the year by the payment of $347,800.25, which was
charged to capital account. The balance due on this account is $1,98'2,071.47.
Under the provisions of the consolidated mortgage of the company there were set apart,
on the first day of July last, out of the net income, $324,800 as a sinking fund for the re-
demption of the outstanding bonds secured by that mortgage. Their market value was too
256 POOR'S MANUAL — PENNSYLVANIA BR. co.
high, however, to permit of the purchase of any of these'securities. The amount was placed
to the credit of the trustees of the sinking fund, making an aggregate of $647,630 placed
with them for investment ; and they have been able to invest a portion thereof in well-se-
cured first mortgages upon real estate bearing four per cent, interest per annum. The
amount of bonds purchased to date is $1,769,070 at their par value, being the same as re-
ported last year. These sums, with the accrued interest thereon, amounting to $11,105, make
a total in the sinking fund, January 1, 1887, of $2,427,865.
There are now in the sinking fund, for the redemption of the obligations of the various
companies forming the United New Jersey Railroad and Canal Company, securities of the
par value of $4,055,900. There is also a cash balance, uninvested by the trustees, of $3,-
934.55, making an aggregate investment of $4,059,834.55, for which you will in the future,
in accordance with the terms of the lease, receive bonds to be issued under the general mort-
gage of that company.
The trustees of the sinking fund for the redemption of the trust certificates issued for
purchase of the shares of the capital stock of the Philadelphia, Wilmington and Baltimore
Railroad Company were able to purchase but $192,000 of such certificates during the past
year, at the limit fixed in the trust agreement, and therefore returned to your treasury $216,-
392.39 of the amount appropriated for that purpose. The general account of the Treasurer
shows a reduction in the amount of outstanding certificates equivalent to the certificates re-
deemed. The total amount of these certificates purchased and cancelled to December 31,
1886, is $1,826,000, leaving outstanding $8,174,000.
GENERAL REMARKS.
There was appropriated to the managers of the trust created October 9, 1878, for 1886, $69,895.53, being one
per cent, of the net income of the company, before payment of dividend. It will be seen by the report of the
managers of that trust that there has been paid, to December 31, 1886, $3,758,621.43, which, with the income there-
from, has been invested in securities amounting at par to $5,135,350, yielding an interest of Gfifo per cent, upon
the investment.
yfhe statement of the insurance fund shows assets on hand, afthe end^of the year, of 81,640.352.03, an in-
crease over the previous year of $252,301.78.
The policy heretofore pursued by tlie company of adding to and improving the property of the main and
leased lines, as well as of aiding the construction of branch and auxiliary railroads, has been continued to about
the same extent as in the previous year, and through the additional facilities thus furnished, and the development
of new territory, not only has any serious depletion of traffic by competitive lines been prevented, but its volume
has been increased.
The principal expenditures upon the main line, and on the New Jersey Division, were for additional real
estate at terminal points, and the purchase of locomotives, passenger, freight, and floating equipment. These
sums amount in the aggregate to $2,476,035.12.
The expenditures upon the branch and auxiliary lines were mainly as follows :
On the Connecting Ry., for additional third and fourth tracks and sidings ; on the Tyrone and Clearfield Ry-,
for the extension of brandies; on the South West Pennsylvania Ry., for the extension of branches and additional
sidings ; on the Western Pennsylvania RR., for improving the alignment and grades, in pursuance of the policy
of adapting this line to the cheap movement of heavy through traffic between points west of Pittsburgh and the
Allegheny Mountains. The expenditures on this account have not only added to the economies of transportation
on this road, but have enabled it to yield fair returns on the capital invested therein.
By the merger of the Pottsville and Mahanoy RR. into the Pennsylvania Schuylkill Valley RR., that line was
extended to a connection with the Lehigh Valley RR. at New Boston, 11 mil^s north of Pottsville, and opened to
that point on the 15th of November ; but too late to secure for this line, during the past season, any portion of
the coal traffic of the region thus reached by it. An arrangement was made with the Lehigh. Valley RE. Co., by
which it undertook to construct the line from New Boston to a connection with the tiunbury, Hazltton arid
Witkfsbarre Ry. at Tomhicken, a distance of 26 miles, and undeivwbich the Pennsylvania Schuylkill Valley RR.
Co. secures satisfactory trackage facilities over that link, and avoids the necessity of building an additional road
through this territory.
The Ne*coi>tc RR., 12 miles in length, is being constructed from the Sunbury, Hazleton and Wiltetbarre
RR. to the North and West Branch Ry. This road will, in connection with the traffic arrangements previously
indicated with the Lehigh Valley RR. Co., give the Pa. RR. Co. a direct through line from Philadelphia, via the
Schuylkill Valley, tlirough the Schuylkill and Lehigh coal regions, to the anthracite coal interests in the Susque-
hanna Valley and to the town of Wilkesbarre.
The A'(n*i>igton and Tacony RR. is being constructed for the purpose of giving the manufacturing interests
in the northeastern portion of the city of Philadelphia a direct rail connection with the Pa. RR. Co.'s lines.
The Long Beach RR., extending from the Tuckerlon RR. to Barnegat and Beach Haven, on the New Jersey
coast, and referred to in the last annual report, was completed and opened for traffic in July, 1886.
During the past year the West Virginia Central and Pittsburgh Ry. Co. arranged for the construction of the
Piedmont and Cumberland Ry., 28 miles in length, to connect that company V line with the Bedford and Bridge-
port road, thus giving the Pa. RR. system a direct connection with the roads extending into Weft Virginia, via
permission be given, to elevate the tracks at that point. This will involve a large expenditure, probably aggre-
gating over §1,000,000, in remodelling tho pnwnt pu.xsen^er tracks and station ; but it is believed that the advan-
tages to that city, together with the safety secured to the company, in the movement of trains, will warrant this
outlay.
POOR'S MANUAL OF EAILEOADS. 257
The Employe's1 Relief Fund, the establishment of which was adverted to In the last annui.l report, has been
in successful operation during the greater part of the past year. A statement of its results will be found attached
hereto. It will be noted that, in addition to paying $54,509.08 as the expenses of the fund, the company mid iu
affiliated lines contributed $59,617.52 in promoting its establishment, and that the amount contributed by the em-
ployes was $199,627.67, making, with the receipts from interest, $1,709.71, a total of >x>t;o.954.90. Out of this mm
there was paid to the families of employes, for death benefits, $97,621.27, and for sickness and accidents $58 -
526.60, a total of $151,147.87, leaving a balance of $109,807.03. The numb.r of employes who were members of
the fund, December 31st, 1880, was 19,952.
The policy of the regulation of inter-state commerce by the Federal Government, which has been under dis-
cussion for a number of years in Congress, took definite shape, in the passage of an act, on the 4th of February,
for the regulation of that traffic. This company has favored the enactment of a proper law upon this subject
which, while guarding the interests of the public, would afford to the railways the protection to which they are
justly entitled in the conduct of their business. As this law abolishes the system or pooling, which the railroad
companies had generally adopted for the purpose of securing uniform rates to shippers and preventing destructive
competition, and as it in other respects enforces new methods for conducting through transportation, it ia difficult
to anticipate what its effects may be, either upon the railways or the general interests of the country.
EAILKOADS LEASED OR OPERATED BY THE PENNSYLVANIA RAILBOAD Co.
BALD EAGLE VALLEY RAILROAD.— Vail Station to Lockhaven, 51.2 ; Snow-Shoe Into section
to Per Se, 22.3 ; Milesburg to Bellefonte, 2.91 ; and Sugar Camp Junction to Sugar Camp Mines, 3.96— total, 80.37
miles. Steel rail, 66.12 miles. Road opened December 7, 1864, and leased to Penn. RR. Co. for 99 years. In 1880
purchased the Bellefoute and Snow-Shoe RR. for $300,000 in stock. Rental for 1886, $172,226.12. Expenses and
taxes, $8,473.31. Net income, $163,752.81. Payments : Interest on bonds. $22,680 ; dividends (February and
August 5 per cent, each), $93,500— total, $116,180. Surplus, $47,572.81. Capital stock, $935,000 ; funded debt, 1st'
mortgage, 6 per cent., 30-year bonds, due January 1, 1930 (outstanding, $376,000), $400,000 ; unfunded debt, $126 -
633.75; profit and loss, $373,298.47— total, $1,834,932.22. Contra: Cost of road, $1,341,259.61; stock and other
investments, $5,950 ; other assets, $487,722.61. L. A. MACKEY, President, Lock Haven, Pa.; Taber Ashton, Treas-
urer ; Albert Hewson, Secretary, Philadelphia, Pa. CORPORATE OFFICE, Philadelphia. Pa.
BEDFORD AND BRIDGEPORT RAILROAD.— Mount Dallas, Pa., to Maryland State Line,
38.70 miles, and Dunning Creek Brancti to Holderbaum, Pa.. 10.50— toial track, 54.16 miles. Steel rail, 27.38 miles.
Road opened in 1872 ; leased from August 1, 18^6, for 10 years ; all surplus over expenses to go to lessors. Rental
in 18S6, $8,299.79. Expenses and taxes, $5,535.99. Net income,'; $2,763.80. Capital stock (par, $50), $599,c50 ;
funded debt, 1st mortgage 7 per cent. 20-year bonds, due January 1, 1893, interest January and July, $6,600,000 ;
unfunded debt, $556.500— total, $7,756,150. Cost of road ($26,645.63 per mile), $1,443,127.59; stock and other
investments, $6,305,504.28 ; other assets, $7,518.13. Bonded debt was increased $5,600,000 during past year. JOHN
P. GREEN, President; Albert Hewson, Secretary, Taber Ashton, Treasurer. CORPORATE OFFICE, Philadelphia, Pa.
BELVIDERE DELAWARE RAILROAD.— Trenton to Manunka Chunk. N. J.. 67.49 miles, and
Lambertville to Flemington, N. J., 11.67 miles— total, 79.16 miles. Chartered March 2, 1836 ; completed Novem-
ber 5, 1855. Leased to United New Jersey RR. ai.d Canal Co., and March 7, 1876, lease assigned to Penn. RR. Co.
1916, $1,200,000 ; consolidated mortgage, 4 percent., 40-year bonds, due September 1, 1925, $500,000: Flemington
RR. and Trans. Co., mortgage 6 per cent. 4i>year bonds, due January 1, 1916, $250,000— total, $4,845.000. Cost of
road and equipment, $4,597,914.16. W. HASSKLL WILSON, President; Hugh B. Ely, Secretary and Treasurer.
CORPORATE OFFICE, Philadelphia, Pa. Transfer office, Camden, N.JJ.
CAMDEN AND BURLINGTON COUNTY RAILROAD.-Camden to Pemberton, N. J., 22.46;
Burlington to Mount Holly, 7.15— total, 29.61 miles. Leased to Camden and Amboy RR. Co., June 1, 1868 ; sub-
leased to Penn. RR. Co.; rental, bond interest, $21,000 ; dividends (paid January and July, each 3 percent.),
$22,915.50; and for organization, $500— total, $44,415.50. Capital stock, $381,925.50; funded debt, 1st mortgage
6 per cent. 30-year bonds, due February 1, 1897, $350.000— total, representing cost of road, $731,925.50. This
company has paid regular semi-annual dividends of 3 per cent, each since 1871. JOHN S. IRICK, Prenidf-nt, Vincen-
town, N. J.; William Taylor, Treasurer ; Richard Ashurst, Secretary. CORPORATE OFFICE, Philadelphia, Pa.
COLUMBIA ANDiPORT DEPOSIT RAILROAD. -Columbia, Pa., to Port Deposit, Md., 40
miles ; Port Deposit to Perryville,, 3.78 — total, 43.78 miles. Sidings, 7.25 miles. Steel rail, 3.07 miles. Chartered
eflcit,
ne February
1, 1893 (authorized, $2,500,000)^ Interest February and August, $1,882,000; unfunded debt, $1,004,290— total, $2,-
383,390. Cost of road ($50,508.18 per mile), $2.027, 473.96 ; other assets, $81,107.20— total, $2.108,581.16. Interest
payable at 233 South 4th St., Philadelphia, Pa. W. H. WILSON, President; James R. McClure, Secretary and
Treasurer. CORPORATE OFFICE, Philadelphia, Pa.
COLUMBUS, KINKORA AND SPRINGFIELD RAILROAD.-Kinkora to New Lisbon, N.
J., 14.18 miles. Opened in 1872. Leased to the Pennsylvania RR. Co., at an annual rental equal to 80 per cent, of
gross earnings. Operated in connection with Amboy Division. Capital stock. $64.500: 1st mortgage bonds,
$125,000 ; floating debt (provided for by 2d mortgage of $60,000, but not sold ; part held as collateral for some of
floating debt), §25,000 — total, representing cost of road, etc., $214,500. JOHN BISHOP-, President; Richard H.
Page, Treasurer. CORPORATE OFFICE, Columbus, N. J.
CONNECTING RAILWAY —Mantua Junction to Frankford Junction, Pa., 6.75 miles; 2d track,
6.75 miles ; 3d track, 5.86— total, 19.36 miles. G luge, 4 ft. 9 in. Rail (steel. 27.43 miles), 50 to 67 )bs. Chartered
in 1865 : road opened January 1, 1868.' Leased to the Philadelphia and Trenton RR. Co. Operated by Pennsyl-
$2,823,837.83. The funded debt consists of 1st mortgage 6 per cent, bonds, issued In five series. A, B, C, D, and E,
which mature yearly September 15, 1900, to 1904. GEOHOK B. ROBERTS, President; Albert Hewson, Secretary ;
Taber Ashton, Treasurer. CORPORATE OFFICE, Philadelphia, Pa.
EAST BRANDYWINE AND WAYNESBURG RAILROAD.— Downingtown to New Hol-
land, 28.11; sidings, 1.56 miles; tr-tal track (steel, 7.93>, 29.5.) miles. Chartered March 3, 1S5); opened in 1876.
Leased to P. RR. Co. for 99 years from November 1, 1876 ; rental, net earnings— for 1886, deficit, $i;.6:>9.01 ; other
receipts, $210 ; net deficit, $0,449.01 ; expenses and taxes, $2,781.68 ; interest on bonds, $14,000-total deficit, $23,-
230.69. Capital stock, $155,4.50 ; funded debt, 1st mortgage 7 per cent, bonds, dated July 1, 1860-1885, $140,000 ;
8 per cent, mortgage 10-year bonds, due January 1, 1873, $35,000; 1st mortgage (extension) 7 per cent, bonds,
dated January 1, 1873-1898, $200,000 ; unfunded debt, §333,197.25— total, $863,647.25. Cost of road, etc., $533,105.-
17
258
POORS MANUAL OF RAILROADS.
27 ; stock and other investments, $3,000 ; other assets, $875.02— total. $538.080.20. Interest payable at 233 South
4ih St., Philadelphia, Pa. JOHN CORNOG, President, Downingtown, Pa.; James K. McClure, Secreiaiy and
Treasurer, Philadelphia, Pa. CORPORATE OFFICE, Philadelphia, Pa.
EBENSBURG- AND CRESSON RAILROAD.— Ebensburg to Cresson, Pa.. 11 miles; total track
(steel, 2), 12.33 miles. Chartered March 30, 1859 ; opened in 1860-01. Leased March 6, 1862, for 999 years, the
lessee guaranteeing the payment of all expenses of operating and maintaining the road, and the payment of in-
terest in full, or pro rata to the extent of net earnings, any surplus remaining after payment of Interact in full to
be paid to lessor company. Capital stock (authorized, $100,000), $42,000 ; funded debt, 1st mortgage (1 per cent,
bonds, daU'd August. 18(ii, $80,000— total, representing cost of road, $122,000. A. A. BARKER, PIM dent ; F. H.
Barker, Treasurer ; Abel Lloyd. Secretary. CORPORATE OFFICE, Ebensburg, Pa.
ENTERPRISE RAILROAD.— East Trenton, N. J., to Coalport, 1.2B miles ; sidings, 0.30 mile.
Chartered July 26, 1884. Opened July 26, 1885. Capital stock, $20.000 ; unfunded debt. $25, l.V. r.i total, $45,-
158.49. Contra: Cost of road and equipment, $45,11-1.49 ; other assets. $44— total, £45,158.49. J. A. ANDERSON,
President, Trenton, N. J.; Hugh B. Ely, Treasurer and Secretary, Philadelphia, Pa. CORPORATE AND TRANSFER
OFFICES, Cumden, N. J.
FRANKFORD AND HOLMESBURGr RAILROAD.— Holmesbnrg Junction to Bustleton, Pa.,
4.16 miles. Opened in May, 1870. Leased January 1. 1871, to Philadelphia and Trenton RR. Co. for ten years;
operated by Penn. RR. Co. Rental, 7 per cent, on bonds and (if earned) 6 per cent, on stock. No dividends paid
fince 18SO. Capital stock, $100,000 ; funded debt, 1st mortgage 7 per cent, guaranteed bonds, $50,000— total,
representing cost of road, etc., $150,000. ANDREAS HARTEL, President; William Rowland, Jr., Treasurer ; Job
H. Brown, Secretary. CORPORATE OFFICE, Holmesburg, Pa.
FREDERICK AND PENNSYLVANIA LINE RAILROAD.-Kingsdale to Frederick, Md.,
28 miles. Total track, 28.66 miles. Road opened October 8, 187'2 : leased from January 1, 1875, lor net earnings—
in 1886, $5,14r,.71. Interest accrued, f 15,000. Other charges. $3,259.69. Deficit, 813,112.98. Capital stock (com-
mon, $818,1(10 ; preferred, $461,000), $779,100 ; funded debt, 1st mortgage 6 per cent. 30-year bonds, due October 1,
1900, interest April and October, §250,000; coupons unpaid, S184.6-15.28— total, $1.218,745.28. Contra: Cost of
road and equipment, $854,145.50 ; other assets, $6.049.91 ; profit and loss, «3.>!.:,49.87. CHARLES E. TRAIL, /'/••*«-
dent, Frederick, Md.; John S. Leib, Treasurer, Baltimore, Md. ; Stephen W. White, Secretary, Philadelphia, Pa.
CORPORATE OFFICE, Frederick, Md.
FREEHOLD AND JAMESBURO AGRICULTURAL RAILROAD.-Jamesburg to Sea-
Girt, N. J., 27.42 miles. Chartered March 12, 1851 ; road opened July 18, 1853. Consolidated in 1879 with the
Farmingdale and Squan Village RR., 8.60 miles, and the Squankum and Freehold RR. Leased to Pennsylvania
RR. Co., and operated at cost, any excess going to lessors. Gross earnings, 1886, $147.333.15. Expenses and
taxes, $92X83.03. Net income, $55,250.12. Payments : Interest on bonds. §31.666; dividend (8 percent.), $21,-
688— total, $53,354. Surplus. $1,896.12. Capital stock, $273,600; luuded debt ($100,000 Squankum and Farming-
dale Mail Co., 7 per cent. 20-year bonds, due May 1, 1888, interest May and November ; $75.000 Farmingdale and
Squan Village RR. T^per cent, bonds, dated 1871, interest January and July ; $323.600 Freehold and Jamesburg
feneral mortgage 6 p"er cent, bonds, due 1909, interest January and July), $498,600— total, $771,200. Cost of road,
782,338.20.
Dividends paid since the organization of the company :
Date.
p.c.
Date.
p.c.
Date.
p.c.
Date.
p.c.
Date.
p.c.
1860
Aug. 15
4
1863
Feb. 16
2*
1865
Aug. 15
2f
1868
Feb. 15
3
1884
Mar. 10
6
1S61
Feb. 15
8
1863
Aug. 15
8
1866
Feb. 15
8*
1889
Feb. 15
3
1886
Mar. 9
H
1861
Oct. 15
2i
1864
Feb. 15
3*
1866
Aug. 15
3
1S70
Dec. 15
*23
1886
Mar. 15
8
1868
May ;5
3|
1864
Aug. 15
3i
1867
Feb. 15
2*
1S77
Jan. 5
4
1862
Nov. 15
«»
1105
Feb. 15
3*
1867
Aug. ^15
3
1883
Mar. 5
4
* Stock.
WILLIAM H. WILSON, President, ;" William Taylor, Treasurer; J. N. McClure, Secretary. CORPORATE
OFFICE. 233 South Fourth Street, Philadelphia, Pa.
HANOVER AND YORK RAILROAD.— Hanover to York, Pa., 18.0 miles. Chartered in March,
1874; opened in June, 1876. Leased for 999 years for net earnings— in 1885, $11.536.96. Capital stock (par, J50),
$220,750 ; funded debt, 1st mortgage 5 per eent. 5-20-year bonds, due January 1, 1895, $lf 0,000 ; floating debt (5
Aug., 15. 18-2, Feb. 15, 1883, Aug^ 15, 1883, Feb. 15, 1884, 3 per cent, each ; Feb. 15 and Aug. 15. li>8»i. 2 per cent.
ench ; Feb. 15, 1887, 3 per cent. JOHN S. YOUNG, President ; J. H. Alleman, Tieasurer ; Lewis Grove, Secretary.
CORPORATE OFFICE, Hanover, Pa.
HARRISBURO, PORTSMOUTH, MOUNT JOY AND LANCASTER RAILROAD.-Dil-
lervillc to Harrisburg. 35.75 ; and Middletown to Columbia, 18.15— total, 53.90 ; second track, 28.31 ; 3d rail, 3.07 ;
Hidings. OH-.. 21.95 miles. Steel rail. 92.K2 miles. Chartered June 9, 1832; opened in 1^38. Leased for 999 jean
from January 1, 1861, the lessees to pay expenses, interest, and 7 per cent, on stock. Rental. 1NV6, $112.778.50;
other receipts. $1,138.92— total, $116,917.42. Expenses, f 6,138.92 ; net income, $110,778.50. Payments; Interest
on bonds, $28.000; dividends. January and July 3$ per cent. each. $88,778.60— total. $110,778.50. Capital stock
(par, $50). $1.182,550 ; funded debt, 1st mortgage 4 per cent. 30-year bonds, due July 1, 1913, inurest January and
June'. $700,000— total, representing cost of road, $1,S!*2.5.~0. The 6 per cent. 1st mortgage bonds fell due July
1, 18S3, but were extended for 30 years from that date at 4 per cent. Annual meeting, first Friday in September.
Books not closed. Interest paid at Treasurer's office. Stock and bonds listed on Philadelphia Stock Exchange.
Eusii'Ni) SMITH, President; Taber As\itou,Secreta?-y and Treasurer. CORPORATE OFFICE, Philadelphia, Pa.
LEWISBURG AND TYRONE RAILROAD.— Montandon to B. W. & L. Junction, Pa., 57.60;
Tyrone Intersection to Fairbrook, 1990; Scotia Branch (Fairbrook to Scotia) 5.26 : andjnniaia liranrh (Jnniata
Junction to Jnnlatat. 2.08— total, 84.84; total track, 92.32 miles Chartered as Lewisburg, Centre and Spruce
Creek. January 18. 185:} : opened in 1872. Extension and branch lines opened in 1S81. Leased to Penna. RR. Co.,
and op< rated as a branch of Phila. and Erie RR. Reorganized under existing title. December 81, 1879. Rental,
net earnings in 1886, $v>8.936 21 ; expenses and taxes. £ .M :-il ; net income. $25.184.41. Paid interest on certifi-
cates of indebtedness. ^12.000. Surplus, $13,184.41. Capital stock, 31.200,0(10 : floating debt. «362.1 13.29 ; profit
and loss, SJ5.C04.(j2— total, $1.607,717.91. Contra: Cost of road. «t"l . 562.107.67 : oth< r assets. .- -.i.Yiilo.24. Old
funded debt exchanged into stock. J. N. Du BAERY, l"resident : James R. McClure, Secretary and Treasurer.
Cin:roi:ATE <>FKI< i:. 1'hiladelpliia, Pa.
LITTLESTOWN RAILROAD. -Hanover to Kingsdalc (Md. line), 9.50; total track, 10.0jt miles.
Chartered February 17, 1854. Road opened to Littlestown in 1859 ;
to Maryland line in 1871. Leased to Pennsyl-
POOR'S MANUAL OF RAILROADS. 259
vania RR. Co. for 999 years from May 1, 1875 ; rental, net earnings— for year ending November 30, 1P86, $3,816.82;
paid interest on bonds, $2,000 : surplus, $1,819.88. Capital stock (par, $60), $34,850 ; funded debt, 1st mortgage 5
MARTIN'S CREEK RAILWAY IN NEW JERSEY.- Martin's Creek to middle of Delaware
River 0.14 mile. Chartered April 10, 188.5, opened December 6, 1885. Capital stock (authorized, $40,000), $4.000 ;
unfunded debt, $22,290.51— total, $26,290.51. Cost of road, etc., $26,25)0.51. J. N. Dr BARKY, President : HUGH
B. ELY, Treamrer and Secretary. COHPOKATE OFFICE, Philadelphia, Pa. Transfer Office, Camden, N. J .
MARTIN'S CREEK RAILWAY IN PENNA.-From a connection with the Martin's Creek Rail-
way in New Jersey at the middle of the Delaware River opposite Martin's Creek station on the B. D. RR., to a
connection with the B. & P. RR. near the mouth of Martin's Creek, Pa., 0.15 mile. Chartered April 14, 1885 ;
Opened December, 1885. Operated together with the Martin's Creek Railway in New Jersey by the Belvidere Del-
aware RR. Co., as a connection between the Belvidere Delaware Railroad and the Bangor and Portland Railroad.
Cost of road to December 31, 1886, §28,420.33. J. N. Du BARKY, President ; Albert Hewson, Secretary; Taber
Ashton, Treasurer. CORPORATE OFFICE, Philadelphia. Pa.
MIFFLIN AND CENTRE COUNTY RAILROAD.-Lewistown Junction to Melroy, Pa., 12.31 ;
total track (steel. 1.24). 17.31 miles. Leased for 999 years from May 27, 1805 ; rental, net earnings— in 1886, $14,-
7S9.97. Payments— expenses and taxes, $2.708.27 ; interest on bonds, £12,000— total, $14,708.27. Surplus, $81.70.
Capital stock (par. $50), $167,775 ; funded debt, 1st mortgage 6 per cent. 20-year bonds, due August 1, 1897, $200,-
000; unpaid dividends, $819.75; profit and loss, $19,834.37— total, $388,429.12. Cost of road, $365,989.39 ; other
assets, ;-5i2,431).(>3. J. N. Du BARKY, President; Albert Hewson, Secretary ; Taber Ashton, Treasurer. CORPO-
RATE OFFICE, Philadelphia, Pa.
MILLSTONE AND NEW BRUNSWICK RAILROAD.-New Brunswick to Millstone N. J.,
6.05 miles. Chartered February 27, 1836 ; road opened in 1854. Leased to United Cos. of N. J. ; operated by
, Penn. KR. Co. Rental, 6 per cent, on cost. Dividends, February and August, 3 per cent, each, $2,865. Capital
stock. $95,750 ; floating debt, $17,654.42— total, representing cost of road, $113,404.42. ALFRED L. DENNIS, Presi-
dent; Chas. B. Place, Secretary and Treasurer. CORPORATE OFFICE, 160 Broadway, New York City.
MOUNT HOLLY, LUMBERTON AND MEDFORD RAILROAD.-Mount Holly to Med-
ford, N. J.. 6.2 miles. Chartered April 2, 18C6. Road opened December, 1809. Leased in d operated by Penn.
RR. Co. Rental, $11,189. Interest paid, $5,250; dividends, April and October, at Medford, N. J., 3 percent.
each, $5,739 ; organization, $200. Capital stock, $95,650 ; funded debt, 1st mortgage 7 per rent. 30-year bonds,
clue April 1, 1899 ; interest April and October, $75,000— total, representing cost of road, $170,050. Interest payable
at Medford, N. J. HENRY I. BUDD, President, Mount Holly, N. J.; Isaac W. Stokes, Secretary and Treasurer.
CORPORATE OFFICE, Medford, N. J.
NATIONAL DOCKS RAILWAY.— Bergen Hill to Commnnipaw, N.J., 2 miles. Total track, 4 miles.
Chartered July 9, 1879 ; road opened December 1, 1883. Rental for 1886, $45.310.47 : other receipts, $276.85— total,
$45,587.82. Expenses and taxes, $822 ; sinking fund and other charges, $47.75 ; dividends (3 per cent.), $36,000—
total, $36,869.75. Surplus, $8,717.57. Capital stock, $1,200.000 ; unfunded debt, $2,425.09 ; profit and loss,
88,011.70— total, $1,210,436.79. Contra: Cost of road, etc., $1.192,389.03; other assets, $18,047.16. WM. H.
BARNES. President; A. D. Hepburn, Secretary and Treasurer. CORPORATE OFFICE, Philadelphia, Pa. Transfer
Office, Communipaw, N. J.
NEWRY RAILROAD.— Newry, Pa., to Junction with New Portage and Penna. RRs., 1 mile. Oper-
ated for gross receipts. Capital stock (par, $25), $11,925 ; floating debt, $25,131.72. Cost of road, etc., $25,408.44.
JOSEPH FICHTNER, President; Albert Hewson, Secretary ; Taber Ashton, Treasurer. CORPORATE OFFICE,
Philadelphia, Pa.
NORTH AND WEST BRANCH RAILWAY.— Catawissa to Wilkesbarre, Pa., 43.13 miles; branch,
Nanticoke to Glenlyon, Pa., 4.69 miles ; sidings, 15.73 miles ; total track (steel, 62.31), 63.55 miles. Built in 1881,
and operated by the Pennsylvania RR. Co. Rental for 1886, $240,572.37 ; expenses, $10.841.55 ; net income. $229,-
730.82. Payments : Interest, $90,000 ; dividends (6 p. c.), $90,000— total, $180,000. Surplus, $49,730.82. Capital
stock (par, $50), $1,500,000 ; funded debt, 1st mortgage, 6 per cent. 20-year bonds, due September 1, 1901, interest
March and September, $1,500,000; unpaid dividends, $382.50 ; profit and loss, $221,610.23— total, $3.221, !)92.73.
Contra : Cost of road and equipment. $3,089,095.44 ; other assets, $132,897.29. Dividends paid June and Decem-
ber at, Treasurer's office. D. J. WALLER, President ; J. N. Du Barry, Vice-President; Taber Ashton, Treasurer;
Albert Hewson, Secretary. CORPORATE OFFICE, Philadelphia, Pa.
PEMBERTON AND HIGrHTSTOWN RAILROAD.— Pemberton to Hightstown, N. J., 24.47
miles. Chartered March 24, 1864; opened February 10, 1868 ; leased to U. Cos. of N. J.; operated by Pennsyl-
S. RUE, President ; Collen B. Meirs, Treasurer : James L. Rue, Secretary. CORPORATE OFFICE, Cream Ridge, N. J.
PENNSYLVANIA SCHUYLKILL VALLEY RAILROAD.— Philadelphia, Pa., to New Bos-
ton, Pa., 101.44 miles. Branches : Phoenixville, Pa., to Frazer, Pa., 10.65 miles, and Court Street, Reading, to
Sixth Street, Reading, 0.98 mile— total. 113.07 miles. Second trick, 27.03 miles; sidings, 22.06 miles. Total
track, 162.16 miles. This company was formed by the consolidation. Oct. 23, 1885. of the Pennsylvania Sehuylkiil
Valley and the Reading and Pottsville Railroad Companies. The railroad of the former extended from Philadel-
phia to Reading, 54.10 miles, and was opened in 1884 ; the Reading and Pot.tsviilc line was completed from Read-
ing to Hamburg in the fall of 1885. On December 31, 1885, the stockholders of this company authorized the
increase of the bonded indebtedness to $10.000,000, and approved the lease of the railroad to the Pennsylvania
RR. Co. Rental, 1880, $43.869.65. Expenses and taxes, $28,588.66; interest on b..nds, $JMO,000— $988,688.66.
Deficit, advanced by Pennsylvania RK. Co., $224.719.00. Capital stock, $6,153.000 ; funded debt, 1st mortgage 5
per cent. 50-year registered bonds, due December 1, 1935, interest June and December (authorized, $10,000,000),
$6,100,000 ; floating debt, $733.995.89— total, $12,080,995.89. Contra : Cost of road and equipment, $12.253,692.95 ;
other accounts, $733,302.94. J. N. Du BARRY, President ; Taber Ashton, Treamrer ; Albert Hewson, Secretary.
CORPORATE OFFICE, Philadelphia, Pa.
PERTH AMBOY AND WOODBRIDGE RAILROAD.— Rah way to Perth Amboy, N. J., 6.40
miles. Leased to United New Jersey RR. and Canal Co. ; operated by Pennsylvania RR. Co. Rental, 6 per cent,
oncost. Dividends paid semi-annually, January and July. Capital slock, $57,200; funded debt, 1st mortgage
6 per cent, bonds, $100,000 ; floating debt, $57,381.57— total, representing cost of road, etc., $214,581.57. ALFRED
L. DENNIS, President; Charles B. Place, Secretary and Treasurer. CORPORATE OFFICE, 160 Broadway, New
York City.
PHILADELPHIA AND ERIE RAILROAD. -Sunbury, Pa., to Erie, Pa. 287 56 miles. 2d track,
47.05; sidings, 151.70 miles. Total track (steel, 421.91), 486 37 miles. Gauge, 4 ft. 9 in. Rail,56to <01bs. Chartered
April 3, 1837, as Sunbury and Erie RR. Co.; construction commenced in 1852 ; whole line opened October 17, 1864.
260
POOR S MANUAL OF RAILROADS.
Leased to Pennsylvania RR. Co. for 999 years from January 1, 1862, at a rental equalling 30 per cent, of gross
earnings. Lease modified January 1, 1870, lessors to receive the net revenue.
Income Acco'int.— Philadelphia andEfle RR. Co., year ending December 31, 1886.— Net earnings from opera-
tions a* per statement of Pennsylvania RR. Co., $1,465,952.96: deduct extraordinary operating expenses. -:'ii.-
422.03— balance, $1,429,530.93. Add net receipts from rents, 810,836.34— total revenue, $1,440.367.27. Payment! :
For maintemmce of organization, $8.000; for interest on equipment, $165,273.87; to trustee 4$ percent, deben-
tures, $200 ; for bond interest, $1,1 29,432.50— total, $1,302.906.37. Balance applicable to. sinking fund and interest
on special stock, $187,4(X).90, of which $15,000 was paid to sinking fund, and the remainder applied to interest on
special stock as per Profit and Loss Account.
General Balance Sheet, December 31, 1886.
Cost of Road $26,186,163 35
Bonds, etc., of other Companies 5,090 36
Cash in hands Treasurer 21 ,165 43
Profit and Loss 3,513,57379
Warren <fe Frank'n Ry. 1st mort. coupons. 150.522 75
P. & E. RR., 4J p. c. debenture bonds. . . . 15,000 00
Capital Stock— Common (par, $50) $7,975,000 00
Capital Stock— Special (par, $50) 2,400,000 00
Funded De»>t 19,404,000 00
Unpaid Coupons 11,91500
Prov't Life & Trus. Co. Tr't S'k'g F'd Ac. . 15,000 00
Penna. RR. Co., Lessee 85,600 68
Total Assets :... $29,891, 515 68 Total Liabilities $29,891.515 68
Profit and Loss Account P. db E. ER. Co., December 31, 1886.
Balance of Appropriation for Organization. $2,270 65
Sundryltems 1,96157
Balance of Income for 1886 137, 460 90
Balance to Debit January 1, 1887 3,513,573 79
Total Credits $3,655,266 91 *
Balance to Debit January 1, 1886 $3,532,806 01
Interest on Special Stock under Contract . . 122,460 90
Total Debits $3,655,266 91
Statement of operations, etc., Philadelphia and Erie RR. division for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
287.49
864,963
2,157.002
459,102
11,568.653
4.130,126
505 918 017
$
340.367
2,o89.030
162,411
287.49
3'4,329
2,134,090
598,570
14,792,169
4,8fil,468
559,280,067
$
430,756
3,130,835
166,142
287.49
460,438
1,855,900
775,549
18,274,493
5,277,056
495,395,306
8
539,817
2.74<i,609
167,883
287.49
492.360
1.912,138
1.047,594
22,292,765
5.5; 9.353
510433,376
$
669,010
3,138,456
203,947
287.56
503,093
1,943,047
1,045,054
21,908.174
5,154,935
520,249,716
8
667,743
3,243,572
197,528
2S7.56
554,728
1,798.4C3
1,070,305
20,785.557
4,904,011
499,734080
$
571,451
2,876,075
212,620
287.56
557,947
1,849,056
1,010,050
19,211,838
5,1)25,385
532.332,714
$
509,950
2,653,407
138,896
287.56
563,596
1,347,694
1,075,232
20,637.647
6,202,014
586,615,619
$
541,593
3,070,029
96,863
Passenger Train Miles
Freight Train M i les
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous
Traffic Earnings
3,091,808
2,130,258
3,727,733
2,358,354
1,369,379
12,943 51
8,188 72
4,754 79
63.20 p. c.
2.91 c.
0.56 c.
$
7.013,700
2;400,000
17,6r)6,000
2,302,192
3,454,309
2,430,060
4.011,413
2,599,534
4,108,843
2,620,823
3,660.146
2,202,066
3,292,253
1,999,373
3,708,485
2,242,532
Transportation Expenses. . .
Net Traffic Earnings
961,550
10,735 44
7,3% 73
3,338 71
08.90 p. c.
2.95 c.
0.51 c.
6,053,700
2,400.000
17,656,000
1,813,121
1,024,249
11,994 12
8,437 70
3,556 42
70.30 p. c.
2.95 c.
0.55 c.
$
7,013,700
2,400.000
17,919,000
2,116,542
1,411,879
13,928 51
9,026 16
4,902 35
64.80 p. c.
3.00 c.
0.62 c.
$
7,015,000
2,400,000
17,919,000
2,575,216
1,488,020
14,266 81
9, ICO 08
5,166 73
63.80 p. c.
3.05 c.
0.62 c.
$
7.015,000
2;400.000
17,919.000
1,569,392
1,458.080
12,728 29
7.657 76
5,070 53
60.16 p. c.
2.75 c.
0.58 C.
$
7,015,000
2.100,000
17.919,000
1,443,?25
1,292.880
11,4-18 93
6,952 90
4,496 08
60.70 p. c.
2.65 c.
0.50 c.
$
7,975,000
2.400,000
19,419,000
27,375
1,465.953
12,876 68
7,786 57
5,090 11
60.50 p. C.
2.62 c.
0.52 c.
S
7,975,000
2,400.000
19,404,000
112,516
Karnings per Mile
Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per M. . .
Av. Rate per Ton per Mile.
Special Stock
Funded Debt
Floating Debt
Total Stock and Debt
Construction
27,992,82!
26,176,100
29,371,892
26,189,698
29.449,242
26,186,163
29,910.216
26,186,163
28,9< 392
26,186,163
28,778,725
26,186,163
29.821.37:-
26,186,163
29,891,516
26,186,163
Funded debt consists of :
1st mortgage (Sunbury & Erie, 40 m.) 7 p. c. 20-year $1,000 bonds, due April 1, 1897, int. April and Oct.. $976.000
1st mortgNge (Phila. and Erie) cy. 7 p. c. 20-year $1,000 coup, bonds, due July 1, 1888. int. Jan. and July. 3,000,000
Gen. mortgage (Phila. and Erie) gold 6 p. c. 50-year $1,000 coup, bonds, due July 1, 1920, int. Jan. & July 8,<;80,000
Gen. mortgase (Phila. and Erie)gold 5 p. c. 50-year $1,000 reg. bonds, due July 1, 1920, int. April & Oct.. 5,2fi3,000
Debenture (Phila. and Erie) 4* p. c. 30-year f 1,000 reg. bonds, due Feb. 1, 1915, int. Feb. and Aug 1.485,000
The general mortgage is for $20,000,000. Principal and interest on the $8.680,000 6 per cents, and on the
(5,368.000 5 per cents guaranteed by the Pennsylvania RR. Co. Of the first mortgage Sunbury and Erie bonds,
$163,000 are coupon and $813,000 registered.
Special stock is entitled to 8 per cent, per annum, before dividends can be paid on common stock. Voting
power attaches to stock after 30 days' ownership. Annual meeting, second Monday in February. Trustees of
bonds : 1st mortgage S. & E. RR., the Penna. Co. for Insurances on Lives and Granting Annuities ; 1st mtge.
P. &E. RR.. John P. Green and Albert Hewson ; Gen. mtge., Wistar Morris and Alexander Biddle ; Debenture
bonds. Provident Life and Trust Co. of Philadelphia, Pa. All stock and bonds listed on Philadelphia Stock Ex-
change ; $6,000,000 general mortgage 6 per cent, coupon bonds, listed on London Stock Exchange. Interest on
\V. HASELL WILSON, President, Philadelphia, Pa.; J. S. Vanzandt, Secretary and Treasurer,
McMunes.
Philadelphia, Pa.
POORS MANUAL OP BAILROADS. 261
PHILADELPHIA AND LONG BRANCH RAILROAD.-Birmingham to Bay Head Junction.
N. J., 40.11 miles ; Island Heights Junction to Island Heights, 1. 10- total, 47.27 miles. Formed by the consoli-
dation, October 13, 1883, of the Philadelphia and Long Branch Ry. (Whiting's to Barnegat Bay. 27 77 miles,
opened in September, 1881), and the Pemberton and Seashore RR. (Pemberton to Whiting's, 17.85 miles built In
18rO). In June, 1885, the Island Heights RR. was consolidated with this road. The line in leased to the Penncyl-
vnma RR. Co. for 50 years from January 1, 1884, for net. earnings. Capital stock paid In, $705,000 ; funded debt
8705,000 (S!)00,000 authorized) first mortgage 5 per cent, bonds, dated December 1, 1883. W. HASELL WILSON
President, Philadelphia, Pa.
PHILADELPHIA AND TRENTON RAILROAD. -Trenton to Prankford Junction, 23.66
miles; Kensington Branch. 2.7(5 miles: Tioga Branch, 1.^3— total, 27.05 miles. Leased: Trenton-Delaware
Bridge, 0.19 mile; Connecting Ry., 6.75, and Frankford and Holmesburg RR., 4.16— total owned and lensed
38.75 miles. Opened in 1834. and from 1836 operated under traffic contract by the Camdcn and Amboy RR. Com-
pany. In 1871 it was leased in connection with the United New Jersey RRs. to the Pennsylvania RR. Co., and
since operated as a part of the New York Division. Rental, dividend of 10 per cent, guaranteed in lease, paid
annually by Pennsylvania RR. Co. Ciipital stock, $1,2.-)9,100 ; cost of road, $1,545,950.41. Annual meetin", third
Wednesday in February ; books close 60 days prior thereto. Dividends payable on the 10th days of January,
April, July and October. Stock must be held for about 20 days preceding payment, in order to entitle holder
thereof to such dividends. Books do not close preceding dividend payment*. Of stock, $494,100 is ILted on
Philadelphia Stock Exchange. WILLIAM H. WILSON, President ; William Taylor, Treasurer ; J. R. McClure,
Secretary. CORPORATE OFFICE, Philadelphia, Pa.
PHILADELPHIA, GERMANTOWN AND CHESTNUT HILL RAILROAD.-German
town Junction, Pa , to Chestnut Hill, Pa., 6.75 miles. 2d track. 6.74 ; sidings, 2.19 miles. Chartered Jamuiry ?,
1883 ; road opened June 11, 1884. Operated by the Pennsylvania RR. Co., which guarantees payment of bond
interest. Capital stock, $1,000,000 ; funded debt, 1st mortgage, registered, 4J per cent. 30-year bends, due May 1,
1913, interest May and November, $1,000.000— total, $2,000.000. Cost of road, etc., $2,000.000. Annual meeting,
second Monday in January. HENRY D. WELSH, President; Albert. Hewson, Secretary; Taber Ashton, Treasurer.
CORPORATE OFFICE, Philadelphia, Pa.
D. P. Corwin, Secretary and Treasurer. CORPORATE OFFICE, Pittsburgh, Pa.
PITTSBURGH, VIRGINIA AND CHARLESTON RAILWAY.-Pittsbnrgh to Browns-
ville, Pa., 53.23 miles ; branches, 19.42— total, 72.65 miles. Chartered as Monongahela Valley, April 8, 1867 ;
name changed February 4, 1870. In 1881 the Brownsville RR. having a line from Mt. Braddock to Brownsville,
17.5 miles, was consolidated with this road. Opened to Monongahela City, 30 miles, in 1873 ; in 1881 to Browns-
ville, 23 miles ; in 18^2 Redstone Branch opened. Leased and operated by the Penn. RR. Co., net surplus to go
to lessor company. Rental 1886, $629.649.09. Expenses and taxes, $381,568.57. Paid interest (at Philadelphia,
Pa.), $150,000. Surplus, $98,080.52. Capital stock (par, $50), $1,505,200 ; funded debt (owned by the Penn. RR.
Co.). 1st mortgage 5 per cent. 30-year bonds, due April 1, 1912, interest April and October, $3,000,000 ; unfunded
debt, etc , $20,100 ; profit and loss, $98,080.52— total, $4,623,380.52. J. N. Du BARRY, President, Philadelphia,
Pa.; D. P. Corwin, Secretary and Treasurer. CORPORATE OFFICE, Pittsburgh, Pa.
POMEROY AND NEWARK RAILROAD.-Pomeroy, Pa., to Newark (P., W. & B.RR.), Del.,
26.7 miles. Sidings, 1.34 miles. Steel rail, 0.99 mile. Formerly Pennsylvania and Delaware RR. Sold February
9, 1879, and became Pomeroy and State Line RR. Reorganized under present title in 1881. Operated by Penn-
sylvania RR. Co. under a lease for 99 years dated March 1, 1880, net results going to lessor company. Gross
earnings, 1886, $21.752.16. Operating expenses, $23,744.96. Deficit, $1,992.80. Capital stock (par, $50), $500,000;
floating debt, $60,610.08— total, $566.610.08. Cost of road, etc., $502.056.25 ; other assets, $1.85— total, $502,058.10.
W. HASELL WILSON, President ; James R. McClure, Secretary and Treasurer. CORPORATE OFFICE, Philadel-
phia, Pa.
RIDGWAY AND CLEARFIELD RAILROAD.-Ridgway, Pa., to Falls Creek, Pa., 27.83 miles.
Road opened November 19, 1883, and extended 7.64 miles in 1885. Rental for 1880, f45.994.78. Expenses and
taxes, $<i!6.76 ; interest on bonds, $24.550- total payments, $25,466.76. Surplus, $20,528.02. Capital stock,
$491,000 ; funded debt. 1st mortgage, registered, 5 per cent. 40-year bonds, due November 11, 1923, interest May
and November (authorized, $1,000,000), $491,000: profit and loss, $6,790.26- total. $988,790.26. Cost of road and
equipirent, $981,174.13 ; all other assets, $7,616.13. J. N. Du BARRY, President; Taber Ashton, Treasurer ; Al-
bert Hewson, Secretary. CORPORATE OFFICE, Philadelphia, Pa.
RIVER FRONT RAILROAD.— Junction with Philadelphia and Trenton RR. at Kensington, to
Dock Street, Philadelphia, 3.02 miles ; branch to Laurel Street, 0.24 mile. Second track, 2.27 miles ; sidings, 2.10
miles. Chartered May 5, 1876. Opened in 1881. Leased to the Pennsylvania RR. Co., and operated in connec-
tion with the United RRs. of New Jersey Division. Rental, $23,000 : other receipts, $90— total, $23,090. Ex-
penses and taxes, $13.35 ; paid interest on bonds, $9.720 ; dividends (May and November, 2J per cent, each), $10,-
800— total, $21,855. Surplus, $2,556.65. Capital stock (par, $50), S21<>,000; funded debt (1st mortgage 4} per
cent, bonds, due May 1, 1912 interest May and November!, $216,000 ; floating debt, $115,079st; income balance,
|15,890.69— total. $502,470.36. Contra : Cost of road, $547,079.67 : other assets, $15,390.9.67— total, $51)2,470.36. J.
N. Du BARRY, President ; James R. McClure, Secretary and Treasurer. CORPORATE OFFICE, Philadelphia, Pa.
ROCKY HILL RAILROAD AND TRANSPORTATION CO.— Rocky Hill to Monmouth Junc-
tion, N. J., 6.70 miles. Chartered February 17, 1853 ; road fully completed and opened in 1866. Leased in 1869
to C. & A. RR. Co., and transferred to Pa. RR. Co. Rental, 6 per cent, on capital stock, $45,600. Dividends paid
June and December at Tieasurer's office. DAVID H. MOUNT, President ; Stephen Voorhes, Secretary and Treas-
urer. CORPORATE OFFICE, Rocky Hill, N. J.
SOUTHWEST PENNSYLVANIA RAILWAY.— Junction Pa. RR. to Fairchance, Pa., 44.50, and
branches, 38.87— total, 83.37 miles. Total track (steel, 72.14 miles), 112.1d miles. Organized in 1871 : road opened
in 1873. Leased April 1, 1873, to Penna. RR. Co. Rental, 1886^ $419,985.91 , Payments: InteresUm bond8,Jj70,-
940.28.
$723,037.85^ total" $2~606,6^7785" °Cost of ; road, etc." $1,615,766" 43 ; stock and other investments, $38,000 ; other as-
sets, $952,871.42. J. N. Du BARRY, President; Taber Ashton, Treasurer. CORPORATE OFFICE, Philadelphia, Pa.
SUNBURY AND LEWISTOWN RAILWAY.— Selinsgrove Junction to Lewistown, Pa., 43.57
miles. Steel rail, 43 48 miles. Road opened in 1871 ; sold under foreclosure in 1874 : leased to Penna. RR. Co.
for expenses and contingent interest in net earnings after payment of interest on bonded debt— income in 1886,
$123,535.96. Capital stock, $600.0CO ; funded debt, 1st mortgage 7 per cent. 20-year bonds, due July 1, 18U6, $600,-
000— totai, $1 ,200,000. Of tlie bonds, $100,000 are reserved in trust for betterments, etc. Cost of road to date, $1,-
262
POOR'S MANUAL OF RAILROADS.
100,000. Books close for dividends March 15 and September 15. Dividends (eacli 3 per cenO p-iid April 1 and
October 1. The company has paid the following dividends : October 1, 1881, 3 per cent.; April 1, LSsa, 3 percent.;
October 1, 1^-82, 3i per cent.; April 1, 1883, 3 per cent.; October 1, 1883, 3 per cent.; April 1, 18*4, 3 per cent.; Oc-
tober 1, 1884,3 per cent.; April 1, 1885, 3 per cenr.; October 1, 1885, 3 per cent.; April 1, 1886,3 per cent.;
October 1, 188(5, 3 per cent. Stock and bonds listed on Philadelphia Stock Exchange. AAKON FRIES, President;
Frank S. Lewis, Secretary and Treaf. CORPORATE OFFICE, Philadelphia, Pa.
STJNBTJRY, HAZELTON AND WILKESBARRE RAILWAY.-Sunbury to Tomhicken. Pa.,
(steel, 43.28 miles), 43 44 miles. Chartered April 5, 1^59, as tnc Danville, Hazelton and Wilkesbarre : road opened
in 1S70. Sold tinder foreclosure March 20, 1878 ; reorganized under present title May 1, 18i8 ; leased to Prnn.-vl-
vania RR. Co. for 50 years from the latter date and since operated as a branch of the Philadelphia and Eric UK.
Rental, 188(5, $204,206.66. Payments : Expenses and taxes, $8,918.19 : interest. $1 42, 100— total, $151,018.19. Bal-
ance, surplus, $53,188.47. Capitol stock, §1,000,000 ; funded debt, $2.535,000 : unfunded debt, $3,486 : profit and
loss, $218,210.70.— total, $3,756.696.70. Cost of road, 83575,109.96; other assets, $1M, 586.74— total, $3,756,696.70.
The funded debt ($'i. 535,000) in detail is as follows : 1st mortgnge A, 5 per cent, bonds due 1928, interest May and
November, §1,000,000 ; 1st mortgage B, 6 per cent, bonds due 1928, interest Mny and November i$l.COO.OCO author-
ized), $185.000 : 3d mortgage 6 per cent, income bonds due 1938, interest May and November, $1,350,( 00. Interest
on bonds payable in Philadelphia, Pa. J. N. Du BARRY, President ; Taber Ashton, Treasurer : Albert Hewson,
Secretary. CORPORATE OFFICE, Philadelphia, Pa.
STJSQJJEHANNA AND CLEARFIELD RAILROAD.-Keating, Pa., to Karthans, Pa., 22.78
miles; Three Runs Branch, 2.11 miles— total, 24. f-9 miles. Operated by Pennsylvania RR. for net earnings. In-
come, 1886, $4,783.66; expenses and taxes, $66865; interest on bonds, S14",250. Deficit. $10.134.99. Capital
stock, $286,000 ; funded debt, 1st. mortgage 5 per cent. 40-year bonds, due November 1, 1923, interest May and
November (authorized (1,000,000), $285,OuO ; unfunded debt, $£8,2:,0— total, $599,250. Contra: Cost of road,
$570,912.55 ; stocks and other investments, $6,004.97 ; profit and loss, $22,332.48— total, $599.250. J. N. Du BARRY,
President ; Taber Ashton, Treuw-rtr ; Albert Hewson, Secretary. CORPORATE OFFICE, Philadelphia. Pa.
TYRONE AND CLEARFIELD RAILWAY.— Vail, Pa., to Cnrwensville, Pa.. 45.72 miles;
branches, 53.32 miles— total, 99.04 miles ; 2d track, 10.71 ; sidings, 22.01 miles. Steel rail, 95.25 miles. Chartered
in 1853 ; road opened from East Tyrone to Phi lipsburgh, 23.5 miles, in 1864. Reorganized after foreclosure, Sep-
tember 28, 1866. Road completed to Cnrwensville, 44.04 miles from East Tyrone, hi 1872. Leased for 50 ye.-n-s
from January 1, 1882, to the Pennsylvania RR. Co. The Moshannon and Clearfield RR.. from M. & C. Junction
to Whiteside's Summit, 4.19 miles, and branch l.Sl miles, were built in 1881. Merged into the Tyrone and Clear-
field, April 14, 1884. Rental, 1886, $112,400. Payments : Expenses and taxes, $2,400 ; interest on bonds, $50,000 ;
sinking fund. $10,000 ; dividends (June and December, 2| per cent, each), $50,000— total, $112.400. Capital stock,
$1,000,000 ; funded debt, 1st mortgage 5 per cent, bonds, due January 2, 1912, interest January and July, $1,000,-
000; sinking fund, $38.333.34; profit and loss, $32,237— total, $2.070,570.34. Contra: Cost of road, etc., $1,7!>!>.-
389; other assets, $271,181.34— total, $ 2.070.570.34. J. N. Du BARRY, President; Albert Hewson, Secretary ;
Taber Ashtoi), Treasurer. CORPORATE OFFICE, Philadelphia, Pa.
UNITED NEW JERSEY RAILROAD AND CANAL COMPANIES. -Main lines railroad
owned : Jersey City to Trenton, 56.66 miles, and South Amboy to Cainden. 61.15 miles ; branches owned, 27.03
miles— total, 144.84 miles. Canal owned : Bordentovvn to New Brunswick, and feeder, 66 miles. The Delaware
and Raritan Canal Co. and the Camden and Amboy Railroad Co. were both chartered in February, 1830, the
former to construct a canal to connect the Delaware and Raritan Rivers, and the latter to build a line of railroad
fi-om the Delaware River to Raritan Bay. In February, 1831, an act was passed authorizing the consolidation of
the capital stocks of tiiese two companies, the companies being thus practically consolidated, although nominally dis-
tinct corporations. The affairs of the companies were managed jointly, by the directors of both, ar.d they were
to share equally in profits. Under this joint management the construction of the works was begun. The main
lines of the railroad and canal were completed in 1834, and the branches in 1838. In 1836 the United Companies
acquired a controlling interest in the stock of the Philadelphia and Trenton RR. Co., aud entered into an agree-
ment with that company for an equal division of their joint profits.
Earnings and Expenses of the United Railroads of New Jersey Division, including Delaware and Raritan Ca-
nal, showing amounts paid on account of dividends, interest on bonds, organization, transit duty, etc., during the
year 1886 :
Roads.
Length
in
Miles
Earnings.
Expenses.
Net Earnings.
Pnid on
Account of
Dividends.
Paid on Acc't
of Interest on
Bonds. Mtu's.
and Ground-
rents, Orgim-
izntion.R'ntB.
etc.
Paid on Ac-
connt of Rent-
als, Transit
Duty and
Taxes.
Loss.
New York Divi-ion
10(3.84
74.98
6.40
6.65
6.54
81.82
4.16
6.75
27.54
24.47
14.16
47.28
20.50
29.61
2.84
5.95
66.00
$
11,447,483 61
1,515,967 97
66.498 06
7,40470
4,030 09
1,315.61783
7,349 34
140,773 01
147,o33 15
25,501 55
18,289 36
76,764 07
5,095 23
216,055 18
2.313 99
8.301 86
533,525 99
$
8,059,757 61
1,2S2,691 92
31,13067
14,350 41
10,58590
861,480 27
22,347 35
133,308 48
82,984 66
36,4(50 97
14,18882
106 2-,'0 150
16,35024
152,4-^3 07
4.351 77
6,574 69
390,705 41
f
3,387,726 00 1
233.276 05 )
35,367 39
L 6,945 71
L 6,555 81
454,137 56
L 14.998 01
7,4(54 53
64,348 49
L 10,951) 42
4,100 54
L 29,45653
L 11.255 01
63.H32 11
L 1,937 78
L 272 83
142,820 58
$
1,588,71000
1,63200
1,48* 50
1,12200
$
1,591,882 25
6,10000
5000
10000
$
I * 190,992 90 J
} t 228,362 24 f
S
P21.054 66
P27.C35 39
8,42821
7,777 81
Amboy Division
Perth Am. and Woodb. RR.
Millstone and N. Brun. RR.
Rocky Hill and Kingst. RR.
Belvidere Delaware RR. . . .
Frankf'd and Holmes. RR.
Ph., Germ. andCh. H. RU.
Freeh'd&Jamesb. Ag. UK.
Pemberton & Hightst. RR.
Col., Kink. & Spring. UK.
Phila. & Long Branch RR.
L'g Beach HR. (J.toD. inc.)
C'amdenand Burl. Co. RR.J
Vincent own Branch ..
Mt. Holly, L'n & Mcd. RR.
Del. and Raritan Canal
* 454, 137 56
70000
teoo
* 7,464 53
* 64,348 49
15,704 01
20,52900
11.70000
43,18842
1.3<627
29,456 58
11.25501
P19.216 til
2,837 78
11,481 88
510,451 (36
* 5,486 81
22.915 50
90000
5,739 00
584,74000
21,50000
5,45000
§ 74,532 24
Total
531.99
15,538,304 99
11,227,81284
4,310,492 15
2.227,720 00
1,637,482 25
1,025,330.77
580,04087
Loss in operating United Km']
Less amount received from in
Actual net loss for the year If
roadn of New
regiments in
86.
Jersey Divif
cash.
ion
580.04087
401,025 08
179,015 79
* Rentals. t Transit duties. J Including Burlington and Mount Holly RR. P, Profit. L, Loss.
In the amounts stated as rentals Belvidere Delaware Railroad and Freehold and Jamesburg Agricultural Rail-
road, the interest on equipment charges is included.
POOR'S MANUAL OF RAILROADS.
2G3
In January, 1867, an agreement was entered into between the United Companies and the New Jersey Railroad
and Transportation Co., which owned the line between New Brunswick and Jersey Ciiy, forming a link in the
through New York-Philadelphia route, for a consolidation of interests ; and under this agreement the profit*
were equally divided between the four companies— the Delaware and Raritan Canal Co., the Camdeii and Amboy,
the New Jersey, and the Philadelphia and Trenton Railroad Companies.
In June, 1871, the entire property was leased to the Pennsylvania RR. Co., for 999 years, the lessee receiving
all assets and assuming all obligations, and guaranteeing to the United Companies an annual rental equal to 10
per cent, on the aggregate capital stock, and dividends of an equal rate to the Philadelphia and Trenton.
Gross earnings, 1830, including Dehuvare and Raritan Canal, $15,538,304.99 ; expenses, railroads and canal
$11,237,812.84 ; net earnings, $4,310,492.15. Add interest from investments, $401,025.08. Total net revemi",
84,711,517.23. Payments : Interest on bonds, $1,591.882.25 ; dividends (RR., $1,588,710 ; canal, $584,740), $2,173,-
450 ; rentals, §722,430.29 ; interest, dividends, etc., leased lines, $99.870 ; transit dues and taxes, $302,900.48—
total, $4,890,533.02. Net loss to lessee, $179,015.79. Dividends paid by lessor, quarterly, 2i per cent, each, Janu-
ary, April, July, and October, at Philadelphia and New York.
Annual meeting, last Tuesday in May. Books do not close, but stock must have been held 20 days to be
voted. Books close for dividends on the 20th days of March, June, September and December, and reopen on the
first of the following months.
Statement of income and capital accounts, United RR. and Canal Cos., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Net Earnings, Railroads —
Net Bantings Canal
9
2,875,910
369 034
$
3,208.242
88 087
S
3.854,430
308 763
$
3,760,317
258 637
$
3,846,383
256 480
$
3,793,736
166 307
$
4,208,912
186 705
S
4,167,671
142 821
Int. from Investments, etc..
211,240
192,384
210,836
246,927
311,650
352^178
304,806
401,025
Total Income
3456 184
3 488 713
4 374029
4 265 881
4,114,514
4 312 221
4 700 423
4 711 517
Dividends (10 per cent.)
Organizations, Salaries, etc.
Interest on N. J. Loans
Int. on Mortgages & Rents.
2,068,450
11,500
1,191,997
84,424
2,105,950
11,500
1,194,090
78 750
2,143,450
11,500
1,194,264
73,447
2,158,450
11,500
1,193,997
74,372
2,162.200
11,500
1,179,442
65,866
2,173,450
11,500
1,164,919
63,865
2,173,450
J- 1.545 309
2,173,450
1,591,888
Rents
186,196
193 144
196,985
230,153
247,267
297,862
Dividends Branch Roads. . .
Interest Branch Loans
60,333
77,085
58,702
53 180
55,702
73,200
55,702
73,200
55,703
73,200
55,703
45,550
55,703
45,650
54,270
45,600
Rentals Leased Roads, etc..
Premium. Exchange, etc....
410,888
2,179
525,752
625,451
704,370
776,197
790,014
736,911
722,430
Transit Duty and Taxes
Discount on 4 p. c. Bonds. .
303,020
302,954
302,895
332,895
332,894
164,160
302,894
302,897
302,901
Total Payments
4 396 073
4,524,022
4,676,894
4,834,640
5,068,429
4,905,757
4,859,920
4,890,533
Loss
939,889
1,035,309
302,865
568,759
653,915
593,636
159,497
179,016
Capital Account.
Capital Stock.
20490 400
20 790 400
20,790,400
21,090,400
21,240,400
21,240,400
21,240,628
21,240,628
Funded Debt
19,976,000
19 976,000
19.976,000
20,100,000
20,100,000
20,100,000
20,101,625
20,101,625
Bonds and Mortgages. . . .
954 903
954 903
954,903
954,903
954,903
1,177,643
871,643
789,643
Premium *
750,000
750,000
Due Pena. RR. Co.*
2,298,172
2,763,869
Sinking Fund *
2,330.880
2,593,800
Undivided Earnings
472,455
472,455
Total Stock, etc
41,421,303
41,721.303
41,721,303
42,145,303
42,295,303
42,517,643
48,065,403
48,712,020
Permanent Property
35,330,487
a5,869,270
35,869,270
37,158,222
37,375,299
38,495,918
38,393,566
38,782,788
Stocks
4,659,309
4 659 309
4,659,309
4,659,309
4,059,399
4,626,878
)
Bonds
59,850
59,850
59,850
59,850
59,850
1,126,450
V 6 628.241
6,622,391
Advances, etc
1,830 686
1 830 686
1,830,686
1,830,686
1,830,686
494,136
I
Sinking Funds*
2,427,547
2,690,467
Cash and Cash Items, etc.*.
616,049
616,374
Total Assets
41,880,332
42,419,115
42,419,115
43,708,067
43,925,144
44,743,382
48,065,403
48,712,020
* No information previous to 1885.
Financial Statement, December 31, 1836.— Capital stock, $21,240,400 ; outstanding scrip, $227.50 ; premium.
$750,000 ; funded debt, $20,100,000 ; bonds and mortgages, $78i),642.75 ; over-due bonds, $1,625 ; due to Pennsyl-
vania RR. Co. net capital payments, $2,566,187.96 ; due to Pennsylvania RR. Co. payment, of debt of N. J. RR.
Co., $197,681.55; sinking funds. $2,593,800 ; undivided earnings, $472,455.40— total liabilities, $48,712,020.16.
Contra; Cost of railroad, canal, steamboats and real estate. $38,782,787.79; investments in auxiliaries, $6,022,-
391.14; sinking fund prior to lease, $93,666.81 ; sinking fund since lease, $2,593,800; cash and cash items, etc.,
$616,374.42— total liabilities, $48,712,020.16.
The funded debt consists of twelve separate issues, as follows :
1. Currency 6 per cent, loan, due January 1, 1889 $800,000
2. Currency 6 per cent, loan (consols.), dated November 1, 1862, due 1889 5,000,000
3. Sterling 6 per cent, loan, dated April 20, 1871, due March 4, 189$ £369,200 = 1,846,000
4. Sterling 6 per cent, loan, dated April 20, 1871, due March 1, 1894 -. . . .£360,000 - 1,910,000
5. Currency 6 per cent, loan, dated April 20, 1871, due February 1, 1888 155,000
6. Currency 7 per cent, bond to State of New Jersey 100,000
7. Currency 6 per cent, loan, dated April 20, 1871 , due October 1, Ih94 2,000,000
8. Currency 6 per cent, loan, dat.'d April 20, 1871, due March 1, 1901 3,000.000
9. Currency 6 per cent, loan, dated November 20, 1871. due March 1, 1901 2,300,000
10. Currency 6 per cent, loan, dated March 20, 1871, due March 1, 1901 309,000
11. Currency 6 per cent, loan, dated 1878, due 1908 841,OCO
12. Currency 4 per cent, loan, due 1984 1,824,000
264
POOR S MANUAL OF RAILROADS.
Statement of operations, etc., U. RR. N. J. Division, for seven years :
1880
1881
1882
1883
1884
1885
1886
Railroad.
Miles of Railroad
402.04
430.01
429.68
435 07
443.31
445.10
465.99
Passenger Train Miles ..
Freight Train Miles
Passengers Carried
3,09t,925
2,828,491
8,218.582
3.330,385
3,504,185
9,132,146
3,698.249
3,949,097
10,467,504
3,907.675
4,206.052
1 1,339.330
4,168,381
4,240,545
12.6(34.050
4.436.271
4.35:>,oC.->
14,290,409
4,070.288
4,595.207
15,854,104
Passenger Miles
171 ,055,:?; 7
197,3(16,974
227,948.390
238.561,431
248,789,706
272,789,011
290.42,S,341
Freight (tons) Moved —
Freight (ton) Miles
5,824,840
381,885,409
7,3s8,955
480,995,398
8,241,264
521,869,010
8,a^5,507
542,827,918
9,144,735
552,423,171
9,808,972
595,671,674
10.210.537
597,970,706
Passenger Earnings
Freight Earnings
4,162,513
6,517,749
8
4,603,908
7,329.455
8
5,322,130
7,843,178
8
5,542,247
8,269,943
8
5,697,245
7,833,914
8 '
5,907,716
7,1173.'; 84
8
6,375.924
8,074,571
Miscellaneous
444,989
548,425
9,512,732
596,350
629,017
544,195
554,284
Gross Traffic Earnings . .
Transportation Expenses
11,125,251
7,8f 3,864
12,481,788
8,578.967
13,678,040
9,874,314
14.408,540
10,513,388
14,160,176
10,368,440
14,126.295
9,917,383
15,004,779
10,827,107
Net Traffic Earnings
Gross Earnings per Mile.
Gross Expenses per Mile
Net Earnings per Mile. . .
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile
Av. Kate p. Ton p. Mile.
Canal.
Tolls
3,241,387
27.660 99
19,601 85
8,059 14
70.86 p. c.
2.126C.
1.672C.
$
287,668
3,902,821
29,027 46
19,951 09
9.076 37
68. 73 p. c.
2.047 c.
1.487C.
8
374,342
3,803,726
31,833 08
22,980 02
8.852 46
72. 19 p. c.
2.041c.
1.447C.
8
386,831
3,895,202
33,117 75
24,164 71
8.963 04
72.97 p. c.
2.074C.
1.471 c.
8
380,432
3,791,736
31,512 81
23,405 06
8.107 75
78.22 p. c.
2.058C.
1.365C.
8
314,211
4,208,912
31,737 35
20,034 56
11,702 79
70.21 p. C.
1.91'JC.
1.24PC.
8
298.017
4,177,672
32,199 79
23,234 63
8,965 16
72. 22 p. c.
1.957 c.
1.327C.
8
281,802
Steam Towing, etc
1X0,445
158,949
140,170
141,325
118,739
114.214
226,664
Incidentals arid Rents. . .
11,318
7,186
26,417
26,299
114,761
116,848
25,060
Gross Earnings
419,431
541,077
553,418
548,055
547,711
529,079
533,526
Maintenance
109,756
95,537
119,054
113.280
115,8^6
107,186
116,334
Operations
88,664
61.411
84,591
61,859
99,110
97.738
123.495
Steam Towing
132,924
75,366
91,135
116,436
166,408
137,400
150,876
Gross Expenses
331,344
232,314
294,780
291,575
381,404
342.374
390,705
Net Earnings
88,087
308,763
258,638
256,480
166,307
186,705
142,821
Expenditures for additions and improvements by lessees since 1871 :
Prior to
Dec. 31,
1879
1880
1881
1882
1883
1884
1885
1886
Construction
$
4,976,890
S
86,865
$
561,737
47^165
S
538,793
151,a-52
S
69,756
$
151,179
Real Estate
810,800
81.249
'53,951
41,509
7,684
51.679
225.513
362,694
Harsimng Cove Construction
1,562,167
563,605
111,809
26,974
8,848
Harsimus Cove Real Est., etc
564,582
60,001
50,000
37,008
30,000
20,000
171.000
763
Total
7,914,439
791,720
777,497
549,683
603,451
231,880
466,269
514,636
been obtained from sale of bonds, materials, etc. $6,047.096.59 ; stock issued to Pennsylvania RR. Company, <
000,000— total, SSI.047,096.59. Debit balance, December 31, 1884, $1.821,575.69.
Directors United Companies (elected May 25, 1886).— John C. Barron, New York. N. Y. ; Charles E. Green,
Robert F. Stockton, Trenton, N.J. ; A. L. Dennis, F. Wolcott Jackson, Newark, N. J. ; Joseph I). Bedle, Jersey
City, N.J.: William Bucknell, Thomas McKean, Samuel Welsh, Philadelphia, Pu.. : Wm. W. Astor, Robert Lenox
Kennedy, New York, N. Y. ; Thomas Oakes. Bloomfielcl, N. J. State Director, Charles A. Butts, Canulen, N. J.
Officers : ALFRED L. DENNIS, President • Leroy H. Anderson, Secretary and Treasurer, Trentou, N. J. CORPORATE
OFFICE, Trenton. N. J.
VINCENTOWN BRANCH RAILROAD.-Ewensville to Viticentown, N. J., 3 miles. Leased June
1. 1868, to C. <te A. RR. Co.; operated l>y Penn. RR. Co. Rental, 6 per cent, on capital stock, $25,000. Funded
debt (owned by Penn. RR. Co.), $15,000. Cost of road, etc., when leased, $43.256.61. JOHN S. IRICK, Prttident ;
Henry J. Irick, Secretary and Treasurer. CORPORATE OFFICE, Vincentown, N. J.
WESTERN PENNSYLVANIA RAILROAD.- Bolivar to Allegheny City, 75 57 : and Freeport to
Butler, 21.05 miles. Total track, 144.22 miles. Chartered February it. 18." 3. as Northwestern Pennsylvania RR.
Co., so d nnder foreclosure July 5, 1859 : existing company organized March I, 1864. Main line opened to Blairs-
rillc in August, 1865; extended to Bolivar in 1883: Butler Branch opened in June, 18:0. Leased for 50 years
from June 1, 1S83 : rental, net earnings. Rental, 1886, S634.4r2.36. Payments: Interest, §233.000; dividends (9
percent.), $!»2.020.50 ; expenses and taxes, $30,018.02— total, '8355.038.52. Balance, surplus. <-279,4r>3.Sl. Capital
i-tock ipar, £50), £1, 022.450 ; funded debt. 1st mort-.-age 6 per cent. 30-year bonds, due April 1, 1893, $800,000 : 1st
mortgage (extension) 6 per cent. 30-year bonds, due January 1. 1896, $1,000,000; 40-year 5 per cent, registered
bonds, due June 1,1923 (authorized, $5,000,000), $2.500.000) ; unpaid coupons. $8,728.50; profit ai:d loss, $484,-
706.78— total, $5,815,<!60.28. Cost of road. £5.410.008.21 ; other assets, «405,!!61.d7. J. N. Du BARRY, President;
Taber Ashton, Treasurer ; Albeit Hewson, Secretary. CORPORATE OFFICE. Philadelphia, Pa.
POOR'S MANUAL OF BAILBOADS. 2G5
Board of Directors Pennsylvania EE. Co., elected March, 1886.
H. II. Houston Philadelphia, Pa.
A. J. CassaU.baverford College, Pa.
C. A. Griscom Philadelphia, Pu.
Edmund Smith Philadelphia, Pa.
.- . a-,-— Frank Thomson... Philadelphia, Pa.
J. N. Du Barry Philadelphia, Pa. | John P. Green Philadelphia, Pa.
GEORGE B. ROBERTS, President Philadelphia, Pa.
1«< Vlce-Pres.— Edmund Smith Philadelphia, Pa.
George B. Roberts. Philadelphia, Pa.
Wistar Morris Philadelphia, Pa.
Alexander M. Fox. Philadelphia, Pa.
Alexander Biddle. .Philadelphia, Pa.
N. Parker Shortridge.Wynnew'd, Pa.
D. B. Cummins Philadelphia, Pa.
Henry D. Welsh... Philadelphia. Pa.
John P. Wetlierill. Philadelphia, Pa.
William L. Elkins. Philadelphia, Pa.
Willium Thaw Pittsburgh, Pa.
Vice- Pres.— Frank Thomson Philadelphia, Pa.
Vice-Pres.— J. N. Du Barry Philadelphia, Pa.
4th Vice-Pres.—John P. Green Philadelphia, Pa.
General Manager— Charles E. Pugh. . .Philadelphia, Pa,
Treasurer— .John D. Taylor Philadelphia, Pa.
Secretary— John C. Sims, Jr Philadelphia, Pa.
f'axhier— Benjamin F. Crawford Philadelphia, Pa
General Solicitor— John Scott Philadelphia, Pa.
Comptroller— Robert W. Downing Philadelphia, Pa.
PRINCIPAL, OFFICE AND ADDHESS 283 South Fourth Street, Philadelphia, Pa.
PENNSYLVANIA COMPANY.
This company was chartered by the Legislature of Pennsylvania April 7, 1870, for the
purpose of managing, in the interest of the Pennsylvania Railroad Company, the railroads
leased and. controlled by that company west of Pittsburgh. The com j any was organized
April 1, 1872.
Of the railroads now managed by the Pennsylvania Company, the following were origin-
ally leased to the Pennsylvania Railroad Company, and the leases transferred to the Penn-
sylvania Company.
Pittsburgh, Fort, Wayne and Chicago Railway 469.9 miles.
Lawrence Railroad and Branch ) „ n, f ^ i -«^ + T» 1?* iw i ( 22.0 miles.
New Castle and Beaver Valley RR. , I Bra™lie« of and leased to P., Ft. W. & J u g miles
Massillon and Cleveland RR ) ^ lty ( 12.2 miles.
Erie and Pittsburgh Railroad, with Branch 100.0 miles.
Cleveland and Pittsburgh Railroad and Branches 224.0 miles.
Total length of line acquired through Pennsylvania RR. Co 843.0 miles.
Leased directly by Pennsylvania Company :
Jefferson, Madison and Indianapolis RR. and Branches 224.9 miles.
Indianapolis and Vincennes Railroad and Branches 128.9 miles.
Ashtabula and Pittsburgh Railway 6'2.6 miles.
Northwestern Ohio Railway 86.5 miles.
Alliance, Niles and Ashtabula Railroad 24.9 miles.
New Brighton and New Castle RR. . . A 12.5 miles.
Total 540.3 miles.
Total length of lines leased to Pennsylvania Company 1.383.3 miles.
The following roads are operated by the Pennsylvania Company, through the control
given by holding a majority of the stock :
Pittsburgh, Cincinnati and St. Louis Railway 198.7 miles.
Leased to i Chartiers Railway 22 . 8 miles.
P., C. & St. L. -| Pittsburgh, Wheeling and Kentucky Railroad 28.0 miles.
Ry. ( Little Miami Railroad and its leased lines 196. 1 miles.
Chicago, St. Louis and Pittsburgh RR 580.5 miles.
St. Louis, Vandal ia and Tene Haute RR. (operated by T. H. & I. RR. Co.) . . 157.8 miles.
Cincinnati, Richmond and Fort Wayne RR. (operated* by G. R. & I. RR. Co.). . 90.9 miles.
East St. Louis and Carondelet Railway 11.5 miles.
Waynesburg & Washington Railroad (owned by Chartiers Railw.-xy Co.) 29.0 miles.
Cincinnati and Muskingum Valley Railway 148.5 miles.
Total 1,463 . 8 miles.
Through advances and guarantees by Pennsylvania RR. Co.:
Grand Rapids and Indiana Railroad 403.5 miles.
Muskegon, Grand Rapids and Indiana RR 40.0 miles.
Operated by j Traverse City Railroad 26.0 miles.
Gr. R. & I. RR. | Bay View, Little Traverse and Mackinaw RR 5.7 miles.
Total.. 475. 2 miles.
266
POOES MANUAL— PENNSYLVANIA COMPANY.
Total length of line leased to Pennsylvania Co 1,383.3 miles.
Total length of line through stock ownership 1,46-^.8 miles.
Total length of line through advances and guarantees by P. RR. Co 475.2 miles.
Aggregate length of lines operated 3,322.3 miles.
Included in the above aggregate are 16.5 miles of the Lake Shore and Michigan Southern
Ry., used by the Erie and Pittsburgh RR.; 25.6 miles of the P., Ft. W. & C. Ry., used by
the Cleveland and Pittsburgh RR.; and G.5 miles of the P., Ft. VV. & C. Ry., used by the
Northwestern Ohio Ry.
The Pennsylvania Co. also owns the following rolling &tock : Locomotive engines, 35.
Cars— passenger, 13 ; baggage, mail, etc., 6 ; freight, 10,265 — total, 10,283. Also, 15 service
cars.
The gross earnings of all the roads given above for year ending December 31, 1886, were
$33,508,864.13 ; operating expenses (68.89 per cent.), $22,613,171.56 ; net earnings, $10,895,-
692.57. Gross earnings per mile of road operated, $10,208.95 ; operating expenses per mile,
$6,889.42 ; net earnings per mile, $3,819.52.
The profits for 1885 were $980,565.72, against $689,836.97 for 1884, and the proportion
of losses in that year for which the Pennsylvania RR. Co. or the Pennsylvania Co. was re-
sponsible was $1,964,715, against $1,551,728.13 for 1884. The amount paid into s-inking
fund in 1885 was $512,478.90, sigainst $489,614.60 for 1884; expended for betterments in
1885, $679,460.21, against $295,935.63 for 1884.
Income Account for year ending December 31, 1886.
Net Earnings Union Line Bureau $89.247 93
Rents Monongahela Extension 53,278 04
Rents Real Estate 12,161 44
Rents Equipment 223,338 61
Profits, Leased Roads :
New C. & B. Val. RR 19,417 10
Pittsburgh, Ft. Wayne and Chicago. . . . 40,908 54
Dividends on Stock 594,176 00
Interest on Bonds 224,36500
Interest General Account 9,090 82
Total Revenue $1,205,983 48
Expenses Proprietary Department £211,661 49
Interest on Bonds 754,530 00
Losses on Leased Lines :
Erie and Pittsburgh RR $225,794 39
Lawrence RR 6,38942
Cleveland & Pittsburgh RR. 33,377 97
Massillon & Cleveland RR.. 18,023 49
282,585 27
Advances :
Indianapolis & Vincennes RR 182,999 59
Jeff'ville, Madison & Indianapolis RR. £2,100 29
Cincinnati, Richmond & Ft. Wayne.. . 12,781 20
Total Expenses, Interest, etc $1 ,466,657 84
Balance, deficit, after all expenses, rentals, etc., $200,674.36.
Profit and Loss Account for year ending December 31, 1886.
Carried to Reserve Fund $233,20500
Reduction Value Jeff., Mad. & Ind. stock. . 602,730 64
Pitts., Ft. Wayne. & Chicago Bonds Paid.. 1,065,000 00
Loss on Sale of Securities 100 00
Balance, Income, December 31, 1886 200,674 36
Balance to Credit, December 31, 1886 2,210,163 60
Income Account, December 31. 1885 $2,612,509 68
Cash in Settlement of Acc'ts— Pa. RR. Co.. 1,667,73'J 04
Old Accounts, etc 31,63128
Total Debits $4,311,873 60 Total Credits $4,311,873 60
The stock is all held by the Pennsylvania RR. Co. The company paid 4 per cent, divi-
dend in 1880, 5 per cent, in 1881, and 4 per cent, each in 1882 and 1883 ; payable annually in
December, nt the company's office.
The first mortgage 4£ per cent, bonds, gold, tax free, fall due July 1, 1921, interest pay-
able January and July, at National City Bank, New York ; principal at same place; principal
and interest guaranteed absolutely by Pennsylvania RR. Co. They are for $1,000 each, coupon
or registered, wi,h privilege of registration for coupon bonds. They are secured by first lien on
the leases of the Pittsburgh, Ft. Wayne and Chicago, the Cleveland and Pittsburgh and the
Erie and Pittsburgh Rys., on the real estate of the company in Pittsburgh, Allegheny, and
Chicago, and on stocks and bonds of the par value of some $24,000,000 in the company's
treasury. The company is to purchase every year, at not above par, at least 1 per cent, of the
then outstanding issue. The authorized issue was $20,000,000, of which $13,750,000 were issued
POOR'S MANUAL— PENNSYLVANIA COMPANY.
2G7
to provide means for the acquisition of additional property and the further development of
the company's system of railroads. Trustees : Wifstar Morris, Edmund Smith and Sumuel
M. Felton. Listed on New York, Philadelphia, and London Stock Exchanges.
The registered 6 per cent, bonds were issued in 1877, due July 5, 1907, interest payable
January, April, July and October, at Philadelphia Trust Safe Deposit and Insurance Co.
They are secured by deposit of $4,000,000 guaranteed special stock of the Pittsburgh, Ft.
Wayne and Chicago Ry. Co. Denomination, $1,000. Listed on Philadelphia Stock Exchange.
General Balance Sheet Pennsylvania Company, December 81, 1886.
Securities $30,913,31167
Bills Receivable 124,71370
Equipment 1,196,981 56
Real Estate 370,297 07
Union Line Property 3,002,22352
Betterments to Leased Roads 604, 182 35
Other Compa n i es and Agents 3,450,929 83
Stock of Supplies 922,32651
Miscellaneous Assets 616,974 15
Cash 578,55621
Winslow, Lanier & Co., to redeem Haight
Mortgage Bonds 35,000 00
Sinking Fund, Registered 6 p. c. Bonds. . 1,064,971 44
Philadelphia S. D. & In. Co. Trustees 3.418 52
Sinking Funds Leased Roads 2.7S8.613 68
Sinking Fund 4J per cent. Bonds 512,316 25
N. C. Bk., N. Y., Agts., 4} per cent. Bonds. 311,737 50
Total Assets $46,506,553 96
Capital Stock $20,000,000 00
1st Mortgage 4j per cent, bonds, issued. . . 13,750,000 00
Registered 6 per cent. Bonds, issued 3,700,000 00
Due Lessor Companies for Supplies 881,831 58
Due to other Companies 1,287,132 51
Due for Current Expenditures in Operat-
ing Leased Roads 1,547,500 50
Miscellaneous Liabilities 542,812 34
Interest due and unpaid on 6 per cent.
Registered Bonds 2,77725
Int. due and unpaid on 4} p. c. Bonds 311,737 50
Interest on 41 per cent. Bonds in Sinking
Fund Collected and held by Treasurer 23,985 00
Reserve Fund, Leased Roads 2,798,613 C8
Balance to Credit of Profit and Loss
Account 2,210,163 60
Statement of general account and sinking funds fur eight years :
Total Liabilities '. . . $46,506,553 96
1879
1880
1881
1882
1883
1884
1885
1886
Capital Stock, Common
Capital Stock, Preferred
$
3,000,000
8,000,000
$
12,000,000
S
20,000,000
8
20,000,000
$
20,000,000
$
20,000,000
$
20,000,000
$
20,000,000
1st Mortgage 6 p. c. Bonds..
Registered 0 p. c. Secured..
1st Mortgage 4J p. c. Bonds.
6,400,000
3,200,000
5,bbb,6no
3,200,000
' 3,2ob',(J66
10,000,000
' 3,200,666
10,000,000
' 3.200.666
12,500,000
' 3,300,666
13,750,000
' 3,200,666
13,750,000
' 3,200,666
13 750000
Supplies, Lessor Cos
831 985
831,832
831 832
831,831
831,832
831 832
831 832
831 832
Due other Cos
865 073
1 00? 524
1 002 756
1,146 384
487 909
816 760
2 490 554
1 287 132
Current Expenditures
Miscel. Accts., Interest, etc.
Reserve Fund, Leas'd Roads
Profit and Loss, Credit
1,695,286
331,018
1,472,433
1,212,196
1,838.907
372,605
1,655,889
3,052,323
1,379,042
501,090
1, 728,267
4,230,139
1,572,046
608,214
1,930,543
5,200,485
1,650,967
655,339
2,126,563
5,218,600
1,214,539
706,937
2,341,504
4,152,438
1.042,576
717,786
5,565,409
3,612,510
1,547,500
881.312
2,798,614
2,210,164
Total Liabilities....
27,007,990
28 954 140
42 868 124
44,439,502
46,671,210
47 014 010
47 210 667
46 506 554
Securities
15,026,291
15921,611
19,798,869
19,639,782
30,093,174
30,483,548
32,685 098
30,913.312
Bills Receivable
213,153
220,184
227,571
10,189,953
206,243
04,136
21!),912
124,714
Equipment
837.085
928,118
985,220
814,388
966,993
1 037 481
1,104,699
1,196,082
Re;il Estate
710,432
711,731
728,332
812,364
821,328
153,283
161.f,66
370,297
Union Line Property
Betterments, Leased Roads.
Due other Cos. and Agents.
Stock of Supplies
Miscellaneous Assets
2,690,084
558,333
2,511,690
645,495
271.236
2,600,304
1,103,819
2,828,572
948,132
192,593
2,606.304
1,75)4,225
2,490,173
1,052,939
274,309
2.606,304
1,464,895
3,381,742
1,262,132
574,317
2,791,518
2,028,824
3,045,035
1,573,980
1,035,573
2,859.351
1.989,520
2,828,^82
1,143,273
978.404
2,929,229
178,615
2,670,062
1,008,469
459,089
3,002,^23
604,182
3,450,!i30
922,327
Olli,!>74
Cash
1 ,663,962
1 286 438
804 620
731,194
634,814
6S7 (Jb3
483,529
578,556
Advances, Liens, etc
188,797
197,747
185,988
1&5.9S8
1S5,988
Skg. Fd. Leased Roads
Skg. Fd., Registered Bonds
1,472,433
209,000
I,055,8t9
2 9,000
1,723,2."G
385,000
1,920,542
2,126,563
652,322
2,341,505
784 622
3,505,409
931,123
2,798,614
1,064,971
Skg. Fd.,4ip. c. Bonds....
P. T. S. D. & I. Co., Trustees
National City Bank, N. Y
3l',680
234,562
103,000
10,245
227,655
319,437
. 7,605
231,'J13
362,317
1,692
310,343
512,316
2,572
313,380
512,316
3,419
311,737
Loans Payable on Demand
9 550,000
Red'n P..F.W.& Co Eq BMs
988,666
996,000
Red'n Haight Bonds.
35,000
Sinking Fund Leased Roadt
1st M.Bds..P..Ft.W.& C.Ry.
3d M.Bds.,P.,Ft.W. & C.Ry.
Con. M. Bds.,C. & P. RR..
Const. & Equ. Bds., C. & P.
1st M. Bds., J., M &I RR
27,007,990
459,375
451,500
336,E51
102,123
123 485
28,951,140
511,875
503,1CO
395,032
123,397
122,485
42,868,124
564,375
554,700
457,250
146,941
44,439,503
616,875
606,300
523,900
173,467
46,671,210
669,675
657,900
595,296
203,992
47,614,000
721,875
709,500
671,778
238,352
47,210,667
774,375
761,100
753,707
276,227
46,506,554
826,875
812.700
841,472
317,567
1,472,433
1,655,889
1,723,266
1,920,542
2,126,563
2,341,505
2,565,409
2,798,614
268
POOR'S MANUAL— PENNSYLVANIA COMPANY.
Statement of gross earnings, net earnings, payments from net earnings, profits and loss,
from January 1 to December 31, 1886:
Leng.
Miles.
Gross
Earnings.
Net
Earnings.
Payments.
Profits or
Losses, 1886
Propor'n
of profit
applied to
Penn. RR.
Co. or
Penn. Co.
Propor'n of
loss for
wliich Penn
RR.or Penn
Co. is re-
sponsible.or
advance the
funds to
meet.
Hire of
Equip'nt.
Rental and
Interest.
Prop Dep Pa Co
M.
8
1,116,409 91
598,037 54
8,914,432 96
56,570 63
7,506 24
207,214 07
210,990 80
396,(i89 10
567,294 99
171,86828
2,882,129 69
295,9-42 29
401,881 06
1,319,244 01
37,298 41
2,099,455 54
383,585 53
5,902 35
41,88062
5,650 91
4,757,570 59
217.043 61
43,218 20
160.876 67
391,1:0274
1,791,89434
4,842,316 47
1,503.70878
81,10780
$
904,748 42
89,247 93
3,067,371 39
29,965 95
1,97651
102,302 72
78,006 89
159.607 15
176.287 26
133,045 51
1,253,70830
102,440 57
26,297 59
357.775 12
Loss 2, 930 88
760.593 13
103,545 80
2,101 91
7,592 14
Loss 2,', 87 16
1,626,88028
121,97853
11,75503
64.849 69
74.51137
240,639 51
870,015 49
497,780 29
24,380 13
8
$
789,411 49
*
P 115,336 93
P 89,247 93
P 40,90854
P 5,549 16
L 18.02349
P 19,417 10
L 6,3«9 42
P 12,68391
L 225,794 3!)
P 99.63537
L 32,377(17
P 7246870
L 182.999 59
L 6,S65 52
L 2,930 88
9
115,336 93
89,247 93
40,90854
$
U. Line Bu.— Pa. Co.
P . Ft. W. & C Ry
469.9
24.9
12.2
14.9
22.0
62.6
100.0
12.5
2:24 4
86.5
123.9
204.1
20.8
403.5
90.9
40.0
26.0
5.7
198.7
22.8
29.0
28.0
148.5
196.1
580.5
157.8
11.5
3,026,462 85
18.750 CO
20,00000
82.885 62
84.396 31
121,068 48
402,081 65
20,00000
1,286,08627
AI1.,N. & Ash. RR..
Mas. &Cleve. RR...
N. Cast. & B. V. RR.
5,66679
"'19,41716
18,023 49
6,389 42
Ash. & Pitts. Ry...
Erie & Pitt?. RR...
N. B. & N. C. RR . . .
Cleve. & Pitts. RR..
N. W. Ohio Ry
25,854 76
225,794 89
13,410 14
"29,971' 87
"'72,468' 70
32.377 97
Ind. & Vincen. RR..
Jeff. Mad. &Ind.RR
Cainb. Exten. RR...
Or. Rap. & Ind. RR.
C.,Rich.&Ft.W.RR.
M.. G. R.&In.(lmo.)
Traverse City RR
B.V..L.T. &M.RR.
Pitts. .Cin.&St.L.Ry.
Chartiers Ry
209,297 18
304,740 64
182,999 59
743,618 58
171,711 65
3,12500
7,50000
P 16,974 T5
L 68,16585
L 1,023 09
P 9214
L 2,787 16
"lO, 719 86
' '13,187 48
847,544 33
35.HOO 00
7,487 16
25,4(1000
121,609 96
715,31940
1,191.13459
451,11263
14,00000
P 779.335 95
P 76.25S 67
P 4,267 87
P 26,26221
L 47.09S 5!)
779,33595
Wayn'b.&Wash.RR
Pitts., Wh.&Ky.RR
Cin. & Musk. V. Ry.
Little Miami RR . .
Chic., St. L. &P. RR.
St. L.,V.&T. H.RR.
E. St. L. & Car. Ry..
Totals
L 468,679 89
L 315,119 10
P 46.67366
P 10,38013
468,679 89
<i)23,336'83
3,3223
33,508,864 13
10,895,692 57
98,810 90
10,759,743 79
P 37,13788
1,140,051 98
934,264 75
Profits, $1,415,492.82; losses, $1,378,354.94; net profits, $37,137.88.
Statement of earnings, expenses, etc., of all lines operated, for fifteen years :
Lines.
Gross
Earnings.
Earnings
per mile.
Expenses.
Expenses.
Net
Earnings.
Net
per Mile.
1872 ..
if.
2,773.0
2.943.9
3,071.7
3,071.7
3,071.7
3,407.1
3,545.4
3,546.6
3.516.6
3,422.7
3,22-^.2
3,231.7
3,223.7
3.266.3
3,322.3
$
31,376,867
30,518,052
27,761,542
25,148,873
24,619,429
27,385,889
28.138,877
30,749,710
35,738,174
37,050,989
85,831,003
86,127,325
31,389,697
30.067,098
33,508,864
$
11,315
10,366
9,037
8,186
8,014
8,038
7,960
8,671
10,077
10,859
10,905
11,179
9,736
9,205
10,209
$
19,712,242
21.817,262
18.002,687
17,124,938
16,914,143
18,124,893
18,579,445
18,819,963
22,086,118
24,604,511
23,368,329
24,972,558
22.126.816
21,168,353
22,613,171
$ p. m,
7,108
7,411
5,800
5.575
5,506
5,320
5,256
5,307
6,227
7.210
7.252
7.727
6,863
6,481
6,889
p.c.
62.82
71.49
64.84
68.10
68.70
66.18
66.03
61.23
61.80
66.39
66.14
69.12
70.49
70.40
67.48
$
11,664.635
8.700,790
9.758,855
8,023,93.5
7,706,286
9,260,996
9,559.432
11,929.747
13.652,055
12,452,478
11,962.674
11,154,767
9.262,881
8,89H.7!5
10,895,693
9
4,207
2,955
3,177
2,611
2,508
2.718
2.7C4
3,364
4.151
3.C49
3,713
3,452
2,873
2.724
3,319
1873
1874
1875
18^6
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
The calculations for 1886 are based on 3,282.03 miles, tlie Muskegon, Grand Rapids and
Indiana RK. having been operated only during the month of December.
Statements of amounts paid into sinking funds, and expended in betterments, 1886:
Penna. Co.
P.,F.W.&Co.Ry
C. & P. RR
A. & P. Ry.
P.,W. & K.RR.
Total.
SinkinjrFnnd
168.649.00
374,007.90
863.433.54
359,749.96
129,524.83
65,817.14
4,960.00
15,915.36
666,536.37
836,051 .90
Betterments
20,561.54
POOR'S MANUAL OF RAILROADS.
2C9
Board of Directors Pennsylvania, Co., elected June 1, 1886.
J. N. McCullough. . .Pittsburgh, Pa. J. N. DuBarry Philadelphia, Pa.
Thomas D. Messier.. Pittsburgh, Pa.
John P. Green Philadelphia, Pa.
William Thaw Pittsburgh, Pa. | H. H. Houston Philadelphia Pa'
A. J.Cassatt Philadelphia, Pa. | Wistar Morris Philadelphia, Pa.
Henry D. Welsh
George B. Roberts. Philadelphia, Pa.
Edmund Smith Philadelphia, Pa
J. P. Wcthcnll.... Philadelphia, Pa.
W. H. Barnes Philadelphia, Pa.
Philadelphia, Pa.
GEORGE B. ROBERTS, President Philadelphia, Pa.
\st rtcg-President-jy. McCullough. . .Pittsburgh, Pa. I Treasurer-John E. Davidson !pittsbnrgh, Pa.
v/7 vtft*m t*iM*4 tw * ti- .UMIliavn rphaur I*ttt c-l\n»-rrK T>*» c*..^*.. ^™ o -n T t . 9* * ±_w*
Vice- Presided— William Thaw Pittsburgh, Pa.
3d V.-Pres. & Compt.—Tho*. D. Messler.Pittsburgh.Pa.
General Manager— James McCrea Pittsburgh, Pa.
Secrttary-S. B. Liggett Pittsburgh. Pa.
Manager Pa. Co.— William A. Baldwin. Pittsburgh, Pa.
General Counsel— J. T. Brooks Pittsburgh, Pa
GENERAL OFFICE Penn Avenue and Tenth Street, Pittsburgh, Pa.
PENNSYLVANIA AND NEW YORK CANAL AND RAILROAD COMPANY.
Main Line of Road. — Wilkesbarre, Pa., to New York State Line 104.30 miles.
Branch lines and connections (eight in number) 27*68 miles.
( State Line and Sullivan RR. : Monroeton, Pa., to Bernice, Pa 24.00 miles.
Leased : -j Waverty and State Line 2Ut. : Penns\lvania Line to Waverly, N. Y.° 0.89 miles!
( Loyalsock Railroad : Bernice to Loyalsock Creek, Pa 3^77 miles.
Total length of lines owned and leased 160 64 miles
3d track, 99.84 ; sidings. 93.23 miles. Total track (steel, 290.43 miles). . 353 71 miles
Gauge, 4 ft. 8-£ in. Rail, 58 Ibs.
History.— Chartered in 1867, and opened in 1869. It was built in the interest of the Le-
high Valley RR. Co., and forms a northern outlet of that line. The main line from Wilkes-
barre to Lackawanna Junction, 9.60 miles, is leased to and operated by the Lehigh Valley RR. Co.
Rolling Stock, November 30, 1886. — Locomotive engines, 87. Cars— passenger, 1 ; com-
bination, 2; caboose (8-wh., 9; 4-wh., 35), 44; gravel, 88; service, 63; wreck and tool, 7;
shop trucks (4-wh.), 10— total, 215.
Operations for year ending November 30, 1886.— Trains run (paFsenger, 348,975;
freight, 333,780; coal, 394,596), 1,077,351 mile**. Passengers carried, 387,236; carried one
mile, 10,078,404; average rate, 2.36 cents. Freight moved, 1,215,956; moved one mile,
140,666,166 tons ; average rate, 0.524 cent. Coal moved (anthracite, 1,699.337 ; bituminous,
177,534), 1,876,871 tons; moved one mile (anthracite, 146,380,432 ; bituminous, 3,555,334),
149,935,766 tons; average rate per mile, 0.785 cent.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of RK. Operated ....
Passenger Train Miles
Freight Train Miles
95.45
261,154
540,466
140,118
5,339,415
771,681
67,457,130
1,190,063
82,684,229
8
132,203
511,501
641,911
37,203
95.45
307,057
520,064
182,421
6,745,001
911,468
78,662,805
1,140,981
71,564,984
$
156,172
718,490
791,582
30,604
110.37
347,681
640,985
212,018
7,624,280
1,057,582
85,902,106
1,527,607
107,228,851
8
179.249
70^923
1,339,497
23,416
124.03
359,708
600,392
240,336
8,016,694
1,080,168
CO.593,344
1,447.978
103,141,675
8
200,522
743,400
1,343,306
16,316
124.77
3.VT,092
625,291
269,658
9,011.380
950,516
78,209,896
1,601,351
llb,377 093
8
213,56(5
715,850
1,340,134
47,297
141.75
357,88,3
651,300
318,752
9,735,517
844,150
69,804,284
1,658,508
124.051,724
8
243,102
603,031
1,258.644
46,561
155.34
352,619
693,38!)
338,378
8,922.214
888,843
96,538,6SO
1,671,763
127,399,728
8
224,081
494,322
1,065,931
43,136
158.03
348.975
728.376
387,236
10,078,404
3S7.','36
10,078,404
1.2!5.!i.",f>
140,666.166
8
841,230
737,653
1,177,131
) 12,557
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Coal (tons) Moved . . .
Coal (ton) Miles
Passengers, Express, etc. . .
Freight
Coal
Other Receipts
Gross Earnings
1,322,938
723,146
1,691,848
776,715
2,244,085
1,243,379
2.303,544 2,316,847
1,260,143 1,355,026
2,151,338
1,541,794
1,827,460
1,502,420
2.268,574
1.6(iC..191
Operating Expenses
Net Earnings
599,792
25,245
915,133
1,000,706
1,043,401
961,821
609,544
352,040
662,383
Taxes, State and Local
Interest on Bonds .
210,000
(9) 354.000
+ 10,578
13,860 01
7,576 18
6,283 83
54.66 p. c.
2.52 c.
0.76 c.
0.78 c.
sib.OlK)
(9) 360,000
' 17,724 96
8,137 40
9.587 56
45.91 p. c.
2.32 c.
0.91 c.
1.11 c.
210,000
(9) 360,000
+ 409,601
19,237 62
8,7«7 42
10,470 20
45.50 p. c.
2.143 c.
0.817 c.
1.137 c.
210,000
(10)400,000
+ 409,666
17,605 54
9,026 21
8,579 33
51.12 p. c.
2.56 c.
0.82 c.
1.19c.
210,000
(10)400,000
+ 351,821
18,568 95
10,859 39
7,709 56
58.49 p. c.
2.55 c.
0.92 c.
1.13 C.
210,666
(10)400,000
- 456
15.176 99
10,876 84
4,«CO 15
71.67 p. c.
2.46 c.
0.86 c.
1.01 C.
210,000
(7) 280.000
- 164,960
11,764 26
9,671 82
2,092 44
82.22 p. c.
2.36 c.
0.50 c.
0.84 c.
210,000
i s) ;-;-,* >.ra>
+ 132,188
Preferred Dividends . . .
Balance ( + or — )
Gross Earnings per Mile.
Gross Expenses per Mile. ..
Net Earnings per Mile
Expellees to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Fgf, Ton ;>. M.
Aver. Rate p. Cowl Ton p. M.
70.80 p. c.
2 36 c.
0.52 c.
0.78 c.
270 POOR'S MANUAL OF KAILROADS.
Under an agreement entered into with the Lehigh Valley RR. Co. the Southern Central RR. is now operated
as a division of this company's line. The Vosburg Tunnel was completed July 25, 1886, and trains are now run-
ning through it. The Lehigh Valley Ry., recently built in the City of Buffalo, has been leased, and extensive
improvements have been made on the Tifft farm at that place, greatly increasing the terminal facilities of this
system. A line is now being built into the timber lands on the west side of theSusqnehanna River above Wilkcs-
barre, which will connect with this company's Caxton branch. On March 24, 1887, tne Lehigh Valley and Wabash
freight line was established by way of Suspension Bridge.
Expenses.— Freight Transportation $195,057 86
Coal Transportation I94jt« 69
Passenger Transportation.. &».<I22 11
Maintenance of Way 892,741 92
Depreciation and Lease 239,366 71
Total (§9,998.70 per mile) $1,606,191 29
Earnings.— Passenger $220,380 19
Freight 737,1555 73
Coal. 1,177,131 19
Mail and Express 20,844 23
Miscellaneous 112,55(5 54
Total (§14,122.09 per mile) $2,268,573 88
Net earnings (29.20 per cent.), $662,382.59. Disposition of net earnings not reported.
" The above net earnings," says tlie company's report, " after providing for State and other
taxes, interest on bonds, interest on floating debt, etc., enable the directors to declare a divi-
dend of eight per cent., to apply to the arrearages on preferred stock." There was expended
on construction accounts during the year, $581,877.14.
The result of operating the Buffalo Creek RR., which is owned jointly by this company
and the N. Y., L. E. & W. RR. Co., is shown elsewhere. See GENERAL INDEX.
Financial Statement, November 30, 1885. — Capital stock— common (par, $50), $1,061,-
700 ; preferred (par, $100), $4,000,000 ; funded debt (1st mortgage 7 per cent, coupon or
registered $1,000 bonds, dated June 1, 1866, interest June and December, due June 1, 1896,
$1,500,000; due June 1, 1906, $1,500,000), $3,000,000— total stock and bonds, $8,061,700.
Contra: Construction account, $8,788,478.94; real estate and buildings, $162,865.85; other
property and assets, $246,600.
LINES OWNED OK LEASED BY THE PENNSYLVANIA AND NEW YORK CANAL AND RR. Co.
LEHIG-H VALLEY RAILWAY. -Buffalo, N. Y., to Lancaster, 12 miles. Second track 4.50 miles ;
sidings, etc., 12.U5 miles. Gauge, 4 ft. 8i in. Rail (steel 17.15 miles), 58 and 67 Ibs. Chartered March 23, 1882.
An agreement has been made, with the Pennsylvania and New York Canal and Railroad Company, whereby this
company leases to said company all of its railroad and property at a rental of three per cent, annually upon the
purchase price of land and cost of construction of its railroad and property, also to pay and discharge all taxes.
Rental from lessees (September 30, 1886), $87,776.48. Capital stock, $4112.400: unfunded debt, £2,567,758.74;
profit and loss, *166,S84.B1— total, $3.126,393.25. Contra: Cost of road, $2,925.882.50 : cash on hand, $4,462.94 ;
open accounts, $6,711.81 : Penna. & N. Y. Canal & RR. Co., $189,336— total, $3,126,393.25. ELISUA P. WILBUR,
J'rc/<irlent, Bethlehem, Pa.; Robert F. Goodman, Vice- Pi-evident, Buffalo, N. Y.; Peter C. Doyle, Secretary and
Treasurer. CORPORATE OFFICE, Buffalo, N. Y.
LOYALSOCK RAILROAD.— Bcrnice. Pa., to the Loyalsock Creek, 3.99 miles. Sidings, 0.30 mile.
Rond opened in the summer of 18S5. Owned and operated by the Pennsylvania and New York Canaland RR. Co.
Capital stock, $38,101.04, representing cost of road, etc. ELISHA P. WILBUR, President, Bethlehem, Pa.; John R.
Fanshawe, Secretary and Treasurer. CORPORATE OFFICE, 228 South Third Street, Philadelphia, Pa.
STATE LINE AND SULLIVAN RAILROAD.-Monroeton, Pa., to Bernice, Pa.. 24 miles.
Sidings, 3.74 miles. Chartered in 1864 as Sullivan and Erie RK. Co.; road opened in 1867. Sold under foreclosure
October 14, 1874 ; reorganized under present name December 2, 1874. Leased for 50 years from May 1, 1884, to the
Pennsylvania and New York Canal and RR. Co., at a rental of $36,000 per annum for the first three years, and
$40,000 per annum thereafter. From the first year's rental the lessee retains $6,000 for reconstruction of bridges.
The lessee purchased ihe rolling stock of this company for $90,000, retaining $10,000 of that amount for rebuilding
bridges. The lease also contains certain stipulations concerning the rates to be charged the lessor for the trans-
portation of coal mined by it, the mines not being included in the agreement of lease. Capital stock (par, $50),
$!i;x>,:KX> ; funded debt, 1st mortgage 7 per cent. 10 and 20-year bonds, dated January 1. 1879, interest January and
July, $200,000— total, $1,190,000. Contra: Cost of road, equipment, real estate, etc., $1,168,858.88 ; mine e'quip-
ment, $1S.786.59— total, §1,182,140.42. Stock and bonds listed on Philadelphia h:ock Exchange. Annual meeting
third Wednesday in May. Books close for annual meeting sixty days prior thereto. J. RAYMOND CLAGHORN,
J'l-iti'li at : (ieorge H. Lewars, Treasurer, Philadelphia, Pa.; 0. A. Baldwin, Secretary, Towanda, Pa. COR-
PORATE OFFICE, Philadelphia, Pa.
WAVERLY AND STATE LINE RAILWAY.-Penn. State Line to Junction N. Y., L. E. & W.
RR., at Waverly, N. Y., 0.89 mile. Total track, 2.87 miles. Chartered June 11, 1867 ; road opened January 28,
1875, and leased in perpetuity to the Pennsylvania and New York Canal and RR. Co. It forms the New York
seri ion of the, lessee's main line, and is virtually owned by that company. Rental, 1886, $600. Capital stock,
.flO.iKK); advances by lessee, $54,898.05— total, representing cost of road, etc., $64.398.05. ELISHA P. WILBUR,
President, Bethlehem, Pa.; John R. Fanshawe, Treasurer and Secretary, Philadelphia, Pa. CORPORATE OFFICE,
Bethlehem, Pa.
Board of Directors Pa. & N. Y. Canal & RR. Co., elected January, 1886.
Chas. Hartshorne. .Philadelphia, Pa.
E. A. Hancock . . Philadelphia, Pa.
Victor E. Piollet Wysox, Pa.
J. I. Blakslee . . . .Mtuich Chunk, Pa.
R'. A. Lamberton.... Bethlehem, Pa,
Robert II. Sayre Bethlehem, Pa
William H. Sayre Bethlehem, Pa.
Robert Lockout Bethlehem, Pa.
Frederick Mercur. . Wilkesbarre, Pa.
William Stevenson Sayre. Pa.
Howard Elmer Waverly, N. Y.
John B. (iarrett . . .Miiladelphia, Pa.
ELISHA P. WILBUR, President Bethlehem. Pa.
VIce-Prendent— Charles Hartshorne. ..Philadelphia, Pa. Secretary — John R. Fanshnwe Philadelphia, Pa.
2d Vice-President— Robert H. Sayre Bethlehem, Pa. Trtaswrr—WWaa C. Alderson Philadelphia, Pa.
General Superintendent — Win. Stevenson Sayre, Pa.
PRINCIPAL OFFICE AND ADDHESS 228 South Third Street, Philadelphia, Pa.
POORS MANUAL OF RAILROADS. 271
PENNSYLVANIA RAILROAD IN MARYLAND.
Main Line of Road. — Cumberland, Md., to Pennsylvania State Line. . 6.35
Branch : City Junction to P. & C. Ry 0.43—6.78 miles.
2d track, 0.80 ; sidings, 1.63 miles. Gauge, 4 ft. 9 in. Rail, steel, 69 Ibs.
— Chartered January, 1876 ; road opened December 15, 1879. Operated by the
Pennsylvania RR. Co. and the George's Creek and Cumberland RR. Co.
Operations for year ending December 31, 1886. — Train mileage not reported. Passen-
gers carried, 21,307 ; carried one mile, 99,530. Tons of freight moved, 507,919 ; moved one
mile, 1,208,096. Earnings, expenses, etc., not reported.
Financial Statement, December 31, 1882 (latest furnished).— Capital stock, $,'55,000;
funded debt (1st mortgage 6 per cent. 30-year bonds, due February 1, 1908, interest February
and August, $85,000 ; 2d mortgage 6 per cent. 30-year bonds, due 1908, $65,000), $150,000—
total, representing cost of road, etc., $185,000. The second mortgage was issued to the City
of Cumberland, Md., to secure a loan of $65,000 made to the company by the city in aid of
the construction of the road, and which loan is free of interest for 30 years.
Directors (elected June 10, 1886). — Henry Loveridge, Gardiner P. Lloyd, Alex. M. White,
Geo. L. Kingsland, James A. Alexander, Sidney Wintringham, New York, N. Y.; Geo. P.
Bangs, Boston, Mass.
HENRY LOVERIDGE, President New York, N. Y.
Gardiner P. Lloyd, Vice- President and Treasurer New York, N. Y.
General Manager— 3. A. Milholland. . .Cumberland, Md. | Secretary— Wm. de L. Walbridge New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 35 Broadway, New York.
Transfer Office 1 Broadway, New York.
PENNSYLVANIA, SLATINGTON AND NEW ENGLAND RAILROAD CO.
Line of Road. — Harrisburg, Pa., to Poughkeepsie, N. Y .' .190 miles.
Gauge, 4 ft. 8| in. Rail (steel), 56 Ibs.
History. — Organized June 22. 1882, by the consolidation of the Pennsylvania and New
England Railroad Company, New Jersey Division, and the Delaware and Slatington Railroad
Company, chartered under the laws of Pennsylvania, September 9, 1882. The line from
Slatington, Pa., on the Lehigh River, to Pine Island, N. Y. , on the New York, Lake Erie and
Western RR., crossing the Delaware River at Portland, Pa., three miles below the Water
Gap, is now under construction. On December 31, 1883, there had been completed sections
of the road extending from Columbia, N. J., to Wind Gap, Pa., 13.2 miles, and from Decker-
town, N. J., to Papakating, N. J., 5.1 miles, together with 35 miles of graded road-bed ready
for the rail. Road placed in the hands of W. V. McCracken, as receiver, June 9, 1885 ; sold
under foreclosure April 21, 1887, and purchased by W. W. Gibbs, of Philadelphia.
Boiling Stock. — Locomotive engine, 1. Construction cars, 20.
Financial Statement, January 31, 1884 (latest furnished).— Capital stock (par, $100),
$1,741,600 ; funded debt (1st mortgage 6 per cent. 30-year bonds, due June 30, 1912, interest
January and July), $471,000 ; bills payable, $338,531.27 ; current accounts, $32,463.02 ; other
liabilities, $45,000— total, $2,628,594.29. Contra : Cost of road, $2,185,600 ; rolling stock,
$22,000; real estate, $5,000; other property and assets, $407,074.97; current accounts-
$8,849.03 ; cash, $70.29.
Directors (elected in June, 1886).— H. H. Boody, J. A. Williamp, C. H. Stanton, Reuben
Leland, James Gilfillan, S. W. Kneval.s, R. S. Ransom, New York, N. Y.; S. M. Schanck,
E. T. R. Applegate, Hightstown, N. J.; John Loomis, Deckertown, N. J.; Frank M. Ward,
Newton, N. J.
H. H. BOODY, President New York, N. Y.
W. V. McCRACKEN, Receiver 42 Wall Street, New York City.
Tree-President,—^,. M. Schanck New York, N. Y I Secretary— Louis Steckler New York, N. Y.
Treasurer— James Gilflllan New York, N. Y. | Chief Engineer— A. B. Paine New York, N. Y.
PRINCIPAL OFFICES Jersey City, N. J., and 7 Nassau St., New York City.
272 POOR'S MANUAL OP RAILROADS.
PEOPLE'S RAILWAY COMPANY.
Line of Road. — Pottsville, Pa. , to Minersville, Pa 4.58 miles.
Sidings, etc., 0.55 mile. Gauge, 4 ft. 8£ in. Rail (steel, 0.70 mile), 45, 56 and 60 Ibs.
History. — Road built and opened in 1871-2.
Rolling Stock, October 31, 1886. — Locomotive engines (owned, 1 ; leased, 1), 2. Cars —
passenger (owned, 8 ; leased 1), 9 ; coal, 6 — total, 15.
Operations for year ending October 31, 1886. — Not reported. Earnings — passenger,
$11,637.03 ; freight, $429.78— total, $12,066.81. Operating expenses, $8,183.81. Net earn-
ings, $8,883.
Financial Statement, October 31, 1886.— Capital stock (par, $50), $100,000 ; funded
debt, 1st mortgage 6 per cent. 20-year bonds, interest payable May and November, due May
1, 1892, $15,000 ; bills payable, $12,801.87— total, $127,801.87. Cost of road, $88,141.34 ;
equipment, $27,287.29 ; real estate, $3,263 ; cash and accounts, $7,305.91 ; profit and loss,
$1,804.33 — total, $127,801.87. There has been no interest paid on the mortgage bonds since
November 1, 1877.
Directors (elected November 2, 1886).— T. A. Reilly, Milton Boone, R. F. Lee, Wm. D.
Baber, Wm. D. Pollard, Pottsville, Pa.
T. A. REILLY, President Pottsville, Pa.
William D. Pollard, Secretary and Treasurer Pottsville, Pa.
PRINCIPAL OFFICE AND ADDRESS Pottsville, Pa.
PERKIOMEN RAILROAD COMPANY.
Line of Road. — Perkiomeu Junction, Pa., to Emaus Junction, Pa 38.5 miles.
Sidings, 9.66 miles. Gauge, 4 ft. 8^ in. Rail (steel, 27.21 miles), 56, 68 and 70 Ibs.
History.— Chartered March 23, 1865. Road opened May 8, 1868, and completed October
11, 1875. Leased from August 16, 1868, to May 14, 1879, to Philadelphia and Reading RK.
Co. The track of the East Pennsylvania RR. is used between Emaus Junction and Allentown.
Rolling Stock. — Cars — dump and ballast, 18; caboose, 1. All other rolling stock fur-
nished by P. & R. RR. Co.
Operations for year ending November 30, 1886. — Train mileage — passenger, 118,274 ;
freight, 128,055 — total, 246,329 miles. Passengers carried, 170,912 ; carried one mile, 1,-
643,804 ; average rate, 2.74 cents. Tons freight moved, 483,428 ; one mile, 15,596,919 ; aver-
age rate, 1.47 cents.
Expenses.— Maintenance of Way, etc $56,855 28
Earnings.— Passenger $45,028 47
Freight 229,376 60
Mail 1,916 68
Express 3,067 24
Total ($7,256.86 per mile) $279,388
New Work, etc 997 63
Transportation .. 122,970 76
General ($7,207.58), and Taxes . . 9,498 11
Total ($4,943.42 j.er mile) $190,321 78
Net earnings (42.63 per cent.), $89,067.21; rents, $707.37— available revenue, $89,774.58.
Paid interest (on 1st mortgage bonds, $47,976; on consolidated mortgage bonds, $67,500),
$115,476. Balance, deficit, $25,701.42.
General Balance Sheet, November 30, 1886.
Cost of Road and Equipment $1,971,486 06
Real Estate and Land Damage 114,267 25
Materials and Fuel on Hand 11,579 61
Sundry Dues 12,49940
Current Accounts 30,02603
Cash on Hand 14,990 56
Profit and Loss 731,44926
Total Assets $2.886,298 17
Capital Stock (par, $50) $&8,040 00
Funded Debt Outstanding 1,924,600 00
Bills Payable 12,688 05
Current Accounts 13,103 70
P. & R. RR. Co. Loan Accounts 781,120 42
Coupons Accrued 41,746 00
Sinking Fund Bonds Purchased 75,000 00
Total Liabilities $8,886,298 17
The funded debt consists of $799,600 1st mortgage 6 per cent. 20-year coupon bonds, in-
terest payable April and October, due April 1, 1887 ; $1,125,000 consolidated 6 per cent. 40-
year coupon bonds, interest payable June and December, due June 1, 1913. The Ibt niort-
POOR'S MANUAL OF RAILROADS. 273
gage bonds are $100 each (authorized amount, $1,000,000); and the consolidated mortgage
bonds, are £200, or $1,000 each (authorized amount, £500,000, or $2,500,000). Amount of
capital stock authorized, $50,000.
Annual meeting, second Monday in January. Interest payable at Montgomery National
Bank, Norristown, Pa.
Directors (elected January 10, 1887).— Thomas B. Hillegass, Noah D. Frank, Red Hill,
Pa.; JoLn Slingluff, Frank Stinson, James Boyd, Norristwn, Pa.; George Graber, Charles T.
Waage, Jonathan P. Hillegass, Pennsburg, Pa. ; J. Morgan Casselberry, Lower Providence,
Pa.; John S. Rahn, Perkiomenville, Pa.; David H. Rudy, Sumneytown, Pa.; William H.
Seipt, Worcester, Pa.
A. H. SEIPT, President Skippack, Pa.
James Boyd, Assistant President Norristown, Pa.
Treasurer— Howard Boyd Norristown, Pa. 1 Secretary— Philip Super Penneburg, Pa.
Superintendent— D. B. Clack Pawlings, Pa.
PRINCIPAL OFFICE AND ADDRESS 312 Dekalb Street, Norristown, Pa.
PHILADELPHIA AND ATLANTIC CITY RAILROAD COMPANY.
Line of Road. — Camden, N. J., to Atlantic City, N. J 54.54 miles.
Sidings, etc., 11.83 miles. Gauge, 4 ft. 8£ in. Rail (steel), 70 Ibs.
History. — Chartered as Philadelphia and Atlantic City Ry. Co., March 24, 1876 ; road
opened July 1, 1877. Property shortly afterwards went into the hands of a receiver. On
September 20, 1883, the road was sold under foreclosure, and reorganized under the name of
Philadelphia and Atlantic City RR. Co. The authorized capital stock of the new company is
$1,200,000.
Operations for year ending November 30, 1886. — Earnings — passenger, $108,540.76 ;
freight, $110,040.64 ; express, $16,638.25 ; miscellaneous, $1,828.23— total, $297,047.88. Ex-
penses—transportation, $188,351.38; maintenance of way, $75,335.92 ; other, $24,225.52 —
total, $287,912.82. Surplus, $9,135.06.
Directors. — George de B. Keim, Albert Foster, A. J. Antelo, William Massey, Walter
S. Massey, James M. Hall, S. Garwood, Henry C. Kelsey, A. G. Richey, Benjamin William-
son, Henry S. Little, William Black, Theodore B. Gibbs.
GEORGE DE B. KEIM, President Philadelphia, Pa.
Secretary— Albert Foster Philadelphia, Pa. | Treat. &\Trans. Agt.— John Welch... Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS 227 South Fourth St., Philadelphia, Pa.
PHILADELPHIA AND READING RAILROAD COMPANY.
Line of Road.— Philadelphia, Pa., to Mount Carbon, Pa 98.4 miles.
Branch lines owned by the company 228.6 miles.
Branch lines leased by the company 1,152.4 miles.
Branch lines controlled by the company 106.6 miles.
Total length of all lines owned, leased and controlled 1,586.0 miles.
Gauge, 4 ft. 8£ in. Rail (steel, 1,4:52.53 miles), 56, 58, 60. 64, 68, 70 and 88 Ibs.
History. — Chartered April 4, 1833 ; work begun in the spring of 1835, and portions of
the line opened in July, 1838. By Act of March 20, 1838, authority was given to extend the
road to Mount Carbon or to Pottsville, one mile above Mount Carbon. As these two points
were already connected by the Mount Carbon RR., it was decided to extend the road to con-
nect with that line. The Mount Carbon RR., May 13, 1872, was merged into and became a
part of the main line of this road. The first through trains between Philadelphia and Potts-
ville were run in January, 1842.
The branch from the Falls of the Schuylkill to Port Richmond, from which the ship-
ments of coal are made, was completed in 1842. In 1850 the company bought improvements
18
274 POOR'S MANUAL— PHILADELAPHIA AND READING RR. co.
extending from Brond and Vine Streets, in Philadelphia, to and including the inclined plane
ou the west of the Schuylkill and the Columbia Bridge over the river. In 1858 the Lebanon
Valley RR., extending from Reading to Harrisburg, was merged into the main line; and
since that time the Mahanoy and Sheruokin, the Lebanon and Tremont, the Northern Liber-
ties and Penn Township, the Port Kennedy, the Schuylkill and Susquehanna, the Mount
Carbon, the Moselem, and the West Reading Branch RRs. have been consolidated with the
company's lines, and are now treated as portions of the road proper.
The chief business of the company is the transportation of coal from the first and second
anthracite coal-fields of Pennsylvania to tide- water in the Delaware River, at Port Richmond,
Philadelphia. At this eastern terminus are 23 wharves, extending from 300 to 800 feet into
the river, with trestlework and shute?, allowing a direct discharge of coal from the cars into
vessels. More than 35 miles of track are distributed ou the wharves of the immediate neigh-
borhood. The main line of road winds through the Schuylkill Valley, extending numerous
brandies east and west into the two southern coal-fields. The Broad Mountain, dividing the
two coal-fields, is crossed by the different branches at four different points, three of which
lead directly into the Mahanoy coal-field, and one into the Wisconisco Basin. The Laurel
Run Improvement Co. was chartered May 18, 1871 ; name changed December 12, 1871, to the
Philadelphia and Reading Coal and Iron Co., which was organized, under the auspices of the
Railroad Company, for the purpose of purchasing and operating the coal properties with
which the railroad was connected. The Philadelphia and Reading RR. Company owns all
the stock in the coal company, and bonds and mortgages on the coal lands to the amount of
$39,737,965.53. .
In May, 1879, the Philadelphia and Reading RR. Co. took a lease for 990 years of the
North Pennsylvania and the Delaware and Bound Brook Railroads, agreeing to pay an annual
rental equal to the fixed charges of the companies, and annual dividends of 6 per cent, for
the first two years, 7 per cent, for the next two, and 8 per cent, for the remainder of the term.
The Philadelphia and Reading RR. Co. made default on the 21st of May, 1880, in the
payment of its maturing obligations, and its road and property were placed in the hands of
receivers appointed by the United States Circuit Court, May 21, 1880. On the 28th of Feb-
ruary, 1888, the company resumed control of its road and property.
On February 4, 1882, the New York Central and Hudson River RR. Co., the Geneva and
Lyons RR. Co., the Syracuse, Geneva and Corning RR. Co., the Corning, Cowanesque and
Antrim Ry. Co., the Fall Brook Coal Co. (lessee of the lines of the two companies immediately
preceding), the Jersey Shore, Pine Creek and Buffalo Ry. Co., the Philadelphia and Reading
RR. Co., and the Philadelphia and Reading Coal and Iron Co., entered into a contract to en-
dure for 900 years, providing for an interchange of through and local traffic and the formation
of a through line between Philadelphia and Buffalo. See MANUALS for 1883 and 1884.
The entire tonnage of the Beech Creek RR. to Philadelphia and New York and all points
south and east is thrown upon the lines of the Philadelphia and Reading RR. Co., under a
contract for 900 years, which provides for a pro rata of joint charges between the several
connecting lines.
To form an additional connection between the railway systems of the company on the
north and those on the south of the city of Philadelphia, two lines of railway have been lo-
cated, known as the Schuylkill River East Side RR., and the Schuylkill River West Side RR.
The former is now constructed and a part of its stock is the property of the P. & R. RR. Co.
The completion of this line furnishes an additional connection between the lines running
north, east, and west, and those running south from Philadelphia, and afford access to the
traffic from the lines of the Baltimore and Ohio RR. Co., and its connections over the P. & R.
system.
On May 29, 1883, the company acquired control, by a lease for 999 years, of all the rail-
roads and property of the Central RR. Co. of New Jersey, at a rental equal to its fixed
charges and six per cent, upon its capital stock. (See statement on Central RR. of New
Jersey, MANUAL, 1884, pages 323 to 326, for details of rental charges of this line and text of
supplemental agreement made between this company and the Lehigh Coal and Navigation
POOB S MANUAL— PHILADELPHIA AND READING RR. CO.
275
Co., whose line of railroad was leased to the Central RR. Co. of New Jersey.) On January
1, 1887, the Central RR. of New Jersey passed into the hands of receivers, and is not now
operated as a part of the Philadelphia and Reading system.
On April 11, 1883, the company leased for a term of 999 years, from May 1, 1883, the
ScJiuylkill and Lehigh RR., at a rental of 4£ per cent, upon its first mortgage bonds, and 6 per
cent, upon its capital stock, all of which is owned by the Philadelphia and Reading RR. Co.
In addition to its lines of railroad, the Philadelphia and Reading RR. Co. leases and
operates the following canals : Schuylkill Canal, 108.23 miles — leased for 999 years from
January 1, 1870 ; Susquehanna Canal, 45.00 miles — leased for 999 years from January 1, 1872.
Rolling Stock, November 30, 1886. — Locomotive engines — passenger and special ex-
press, 240; freight and coal, 518; shifting, 138— total, 926 ; also 17 not in use. Cars- -pas-
senger, 850; baggage, 107; mail aud baggage, 15; freight — platform, gun (16-wh.), 1;
house (8-wh.), 4,208; (4-wh.), 28; cattle (8-wh.), 329; gondola (8-wh.), 5,991; (4-wh.), 38;
lime (8-wh.), 231; (6-wh.), 47; (4-wh.), 328; ore (8-wh.), 44; (6-wh.), 700; sand and ore
(4-wh.), 329 ; oil (8-wh.), 292 ; stone (4-wh.), 65— total, 12,621. Coal (8-wh.) : iron. 3 ; wood,
10,894 ; (4-wh.) : iron, 693 ; wood, 30,679— total, 42,274. In Transportation Department 161
wrecking, crane, supply, dump and sweeping cars; for signal men, 310 cars; in Roadway
Department, 1,016 cars — total service cars, 1,487. Total cars in use, 57,354.
Statement of rolling stock for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Locomotive Engines, etc . . .
f Passenger, etc..
T, -iik Freight.
418
506
508
539
907
940
944
943
504
: 4,510
11,421
506
5,OOH
11,397
506
5,503
12,123
508
6,5*3
13,015
625
11,884
26,045
954
12,211
26,699
957
11,8911
26,639
976|
12,041
26,585}
EqmvaPt ' £
!No. or -(
8-wheerd Tot.Rev.Cilrs..
(.Working Cars..
Total Car Equipment. . .
16,435
431
16,904^
455
18,132
459
20,056
476
38,854
844
39,864
840
39,4871
8411
39,603
864
16,866
17,359^
18,591
20,532
39,698
40,704
40,328*
40,467
Floating Stock, November 30, 1886. — Steamboats, 4; ferry boats, 5 ; steam tugs, 4; car
floats, 15. For use on the canals in the transportation department, 2 steam tugs, 339 barges,
of which 25 are leased to individuals, 2 boarding .scows, aud 10 skiffs ; on the canals in the
construction and maintenance department, 2 steam wrecking boats, 48 dredge and repair
BCOWS, 1 steam tug, 2 steam packet boats, 33 skiffs and 5 flat boats ; and 20 scows and skiffs
for use on the railroads in the same department. For use on the steam collier aud shipping
departments, 12 steam colliers, 2 steam tugs, 2 schooners and 43 barges.
In addition to the above, the company owned, November 31, 1886 — for use on the rail-
roads in the transportation department, 122 stationary steam engines for workshops, pumping,
sawing wood, etc., 28 snow plows, 33 carts, wagons and drays for freight and materials, 126
express wagons, 77 horses and mules at Philadelphia and elsewhere, 197 express horses, and
39 extra tenders for locomotives ; for use on the canals in the same department, 311 horses
and mules, 21 carts and wagons and 4 lumber trucks. In the construction and maintenance
department — on the railroads, 4 stationary engines, 7 portable engines, 6 portable pumps, 2
stationary pumps, 1 steam pile-driver, 19 lumber, stone and scaffold trucks, 3 carts and
wagons, 5 stone crushers, 1 dredging machine and 3 steam drills ; on the canals, 4 dredging
machines, 28 carts and wagons, 3 horses and mules. Also, 65 horses and mules, and 6 carts
and wagons in the steam-collier and shipping departments.
Rolling stock includes 17 engines and 799 cars— 8-wheeled, 396 ; 4-wheeled, 403— which
are out of service, to be replaced. There a e also out of service, to be replaced by other
kinds of cars, 1,468 4-wheeled coal cars, which are not included above. Of the rolling stock
there were acquired through car trusts : Locomotive engines— passenger, 14 ; freight and
coal, 125 ; shifting, 19— total, 158. Cars— passenger, 131 ; parlor, 1 ; baggage, 6 ; coal, 12,-
400; freight (box, 1,743; cattle, 150 ; gondola, 2,505; oil, 249; 6-wheeled stone, 250), 4,897 ;
service, 50— total, 17,435.
276
POOK'S MANUAL — PHILADELPHIA AND BEADING RR. CO.
Statement of mileage of main line, branches, etc., November 30, 1886 :
NAMES OP LINKS.
Merged or
Leased.
RR.
2d
Track.
Other
Track.
Total
Track.
PHILADELPHIA AND READING RR. — Main Line
Date.
M.
98.4
1.4
1.2
53.7
42.2
53 4
M.
98.4
i:4
M.
172.0
2.6
0 1
M.
368.8
5.4
1.3
127.8
67.7
62.7
20.0
155.0
2.4
3.3
Northern Liberties nnd Penn Township ; In Phila., Pa
May 8, '71
June 19, '72
Mar. 20, '58
May 8, '71
June 19, -72
May 31, '72
Mar. 25, '71
• • Port Kennedy : Port Kennedy, Pa., to Lime Kilns, Pa
° Lebanon Valley • Reading, Pa., to Harrisburg, Pa
44.5
29.6
25.5
9.3
11.5
77.7
0.7
1.4
£ Lebanon and Tremont : Lebanon, Pa., to Brookside, Pa
*^ J SchuylkUl and Susqueh • Rockville Pa , to Auburn, Pa.
•g 1 Mt. Carbon : Mt. Carb., Pa., to Wadesv. & Mt. Laffy, Pa. ...
; Malianoy and Shamokin : Mahanoy City to Pt. Trevorton, and
New Castle, to Mahanov Plane, Pa
8.5
64.6
1.7
1.9
12.7
^ Moselem •' Leesport, Pa , to Quarry, Pa
(. West Beading • Reading, Pa., to West Reading, Pa
April 1, '73
Total Lines Owned
327.0
21.5
157.0
330.4
2.5
2.7
1.1
16.8
0 4
814.4
24.0
15.5
12.4
71.3
4.9
54.5
141.4
18.8
25.4
28.8
21.9
40.4
83.7
135.8
22.8
1.0
201.3
71.2
47.9
327.9
5.9
19.3
2.8
27.3
17.2
6.7
5.8
12.9
16.6
86.1
1.9
8.7
15.4
51.2
3.1
316.9
28.8
12.5
18.8
91.0
21.0
23.0
4.0
Chester Valley RR.: Bridgeport, Pa., to Downingtown, Pa
Colfbrookdale ER.: Pottstown, Pa., to Barto, Pa
Pickering Valley JiJi. • Phoenixv., Pa., to Byer's Station, Pa
Jan. 1, '70
Sept. 1, '71
12.8
11.3
East Pennsylvania RR. • Reading, Pa., to Allentown, Pa ....
May 1, '69
36.0
4.5
18.5
AUentoion RR.: Topton, Pa., to Kutztown, Pa
Little SchuylkUl RR.: Pt. Clinton, Pa., to Tamanend, Pa
July 1, '68
May 12, '64
28.1
53.1
2.5
3.8
11.0
14.1
31.1
83.5
96.5
14.2
0.4
86.4
33.0
44.0
98.7
2.0
15.8
1.5
15.8
13.8
4.7
5.6
10.0
10.6
78.0
1.4
7.5
14.8
46.8
2.8
159.3
16.6
7.5
18.4
38.0
20.0
21.0
4.0
"'21 is'
2.5
3.8
5.3
2.1
26.4
Mine Hill RR.: Schuylkill Haven, Pa., to Tremont, etc
66.5
13.8
17.8
12.5
5.7
9.3
29.8
39.3
3.7
0.2
39.2
11.2
3.9
146.5
3.9
3.5
1.3
11.5
3.4
2.0
0.2
2.9
6.0
8.1
0.5
1.2
0.6
4.4
0.3
89.6
4.9
5.0
0.4
15.0
1.0
2.0
Mt. Carbon & Pt. Carbon RR.: Mt. Carbon to Palo Alto
Mar. 5, '60
July 25, '61
July 25, '61
July 1, '68
July 2, '83
Dec. 1, '70
Nov. 1, '72
MUl Creek RR.: Palo Alto, Pa., to New Castle, Pa
SchuylkUl Valley RR.: Palo Alto, Pa., to Reevesdale, Pa
East Mahanoy RR.: E. M. June., to Waste-House Run, Pa
Shamokin, Sunbury & Lewitb. RR.: Shamokin. to W. Milton
Philadelphia, Germantown arid Norristown : Phila., Pa., to Nor-
ristown, Pa., Chestnut Hill, Pa., and Oreland, Pa
20.4
Catawissa RR.: Tamanend. Pa., toNewberry June., Pa
Phila. & Chester Br. R.; Phila., Pa., to Chester, Pa
4.9
0.4
75.7
27.0
Norristown Junction RR.: In Norristown, Pa
1880
May 1, '79
May 1, '79
May 1, '83
North Penna. RR.: Phila., Pa., to Bethlehem, Pa., and branches.
Delaware and Bound Brook RR.: Del. Riv. at Yardley, Pa., to
Bound Brook, N. J., and Branch to Trenton, N. J
SchuyPkill and Lehigh: High's Farm, to Slatington, Pa.. .
Central RR. of N. J.: Jersey City, to Philipsbiirg, N. J
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, 'as
May 29, 'as
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, '83
May 29, 'as
May 29
May 29, '83
May 29, '83
May 29, '83
May 29, '83
82.7
Constable's Hook RR.- Centreville, to Constable Hook
South Branch RR.: Somerville N. J., to Flemington, N. J
Manufacturers'1 RR.: Brill's, N. J., to Passaic River, N. J
High 'Bridge RR.; High Bridge, N. J.,to German Valley, N. J.. .
Longwood Vol. RR.: German Val., N. J., to Pt. Oram, N. J
Dover and Rockaway RR.: Port Oram to Rockaway. . . .
Lake Hopatcong RR.: Hopatcong June, to Lake Hopatcong, N. J.
Ogden Mine RR.: Lake Hopatcong, N. J., to Ogden. N. J
Long Branch <& Sea Shore RR.: Sandy Hook, to Long Branch,
New Jersey Southern RR.- Pt. Monmouth, to Atco, N. J.
West End RR.: Long Branch, N. J., to West End, N. J
Toms River RR.: Manchester, N. J., to Toms River, N. J
Toms River and Waretown RR.: Toms River, to Barnegat....
Vineland Ry.; Atsion, N. J., to Bayside, N. J
New York and Atlantic Highlands RR.: Atlantic Highlands, to
Hopping Station . ....
Lehigh and Susqueh. RR..- Phillipsb., N. J., to Union June., Pa.
Nesquehoning Yy. RR.: Nesquehoning June., to Tamanend
68.0
7.3
Tresckow RR.; Silver Brook, Pa., to Audenried, Pa
* Summit Hill RR.: Mauch Chunk, Pa., to Summit Hill, Pa
New York & Long Br. RR.: Perth Amboy, to Bay Head June
^Smyrna & Del. 'Bay RR.: Pierson'sCove,Del.,toMassey's J.,Md.
*Kent County RR.: Massey's June., to Chestertown, Md
'"88'!6
*Kent County RR. Ext.; Worton June., Md., to Nicholson, Md...
Total Lines Leased
1,152.4
39.5
378.4
617.0
23.7
0.4
2.4
0.5
0.9
2.6
2,147.8
63.2
5.6
17.7
6.8
10.4
33.4
Reading <t Columbia RR.: Sitiking Spring, Pa., to Columbia Pa.
Lebanon Branch
5.2
Quarryville Branch : Lancaster, Pa., to Quarryvilie, Pa
15.3
Reading, Marietta & Han. RR.: Columbia, to Chickies, Pa...
6.3
North-East Penna. RR.; Abington, Pa., to Hartsville. Pa
9.5
Lehigh & Lackaw'a : Bethlehem, Pa., to Pen Argyl, Pa.
30.8
Total Lines Controlled
106 fi
30.5
137.1
Total Lines Owned, Leased, and Controlled
1,586.0
535.4
977.9
3,099.3
* Roads sublet to others.
Operations for year ending November 30, 1886 (1,378 miles).— See comparative tabulated
statement given on page 279.
Karningg.— Passenger .................. $5,607,10901
Merchandise ................. 8,954.255 97
,.
Coal .......................... 13,159,298 64
M'»il ......................... 86,80267
Miscellaneous ................ 365,815 74
Total ($20,445.05 per mife) $28,178,282 03
Expenses.— Maintenance of Way $2,170.331 72
Motive Power, Cars, etc 3,149.244 15
Transportation 6,061.235 13
Depot Account 1,097.67037
General Expenses 1,506,166 11
Total ($10,148.52 per mile) $13,984,647 48
POOR'S MANUAL — PHILADELPHIA AND BEADING RR. CO.
277
Net earnings (50.36 per cent.), $14,188,634.55. Add shipping receipts Port Richmond,
Elizabethport and Port Johnston, $651,700.88; income from securities owned, $519,014.66
total income of railroad department over working expenses, $15,359,350.09. From which de-
duct sundry expenses : Contingent, legal, advertising, etc., $466,301.62 ; rents of properties,
$174,031.49 ; repairs of company's dwellings, etc., rented, $50,161.33 : Port Richmond, Eliza-
bethport, and Port Johnston shipping expenses, $372,258.73 ; profit and loss, damages, etc.,
$72,668.70; insurance account, $89,053.57; State, county, and city taxes on property, $219,-
679.97; State tax on gross receipts, $167,851.90; State tax on capital stock, $30,652.61; re-
newal fund (5 cents per 100 tons transported one mile, and amount expended in addition),
$760,135.05 ; payment on account of business of previous year, $62,895.20 ; leased lines, $8,-
741,742.44— total, $11,207,432.61. Available revenue from Railroad Department, $4,151,9: 7.48.
Statement showing the rates and dates of all dividends paid by the Philadelphia and
Reading Railroad Company :
Com.
Pref.
Com.
Pref.
Com.
Pref.
Com.
Pref.
Jan. 12, 1847
p. c.
*10
p.o.
Jan. 10, 1855
p. c.
*10
p. c.
*3
June 24,1863
p. c.
p. c.
3i
Dec 13 1871
p. c.
5
PC.
Jan. 11, 1848
"12
July 18 1855
4
4
Dec 2 1863
*7
cai.
June 26 187"
5
July 12, 18-19
2*
Jan. 12, 1856
4
4
Nov. 30 18«4
*15
*15
Dec 23 1872
5
Jan. 10, 1850
t8J
Jan. 12, 1856
*2
*2
Dec. 11,1865
§10
§10
June 25 1873
5
5
July 3, 1850
si
Jan. 12, '56t
*2
*2
June 22, 1866
*H
pu
Dec 17 'l873
5
5
Jan. 8, 1851
July 9, 1851
6
i 3^
8*
July£23, 1856
Jan. 7, 1857
4
4
4
4
Dec. 15, 1866
June 26,1867
S^
s
Mar. 25,1874
June 24 1874
2*
01
2*
21
Jan. 7, 1852
3i
July 15, 1857
4
4
Dec. 24, 1867
*5
*5
Sept 16,'l8T4
21
21
July 14, 1852
2
3*
Jan. 8, 1858
3
June 25 1868
*5
*5
Dec 16 1874
01
21
Dec. 31, 1852
4
•4
Jan. 7, 1859
7
Dec. 30, 1868
*5
*5
Mar 17 1875
"
3
Dec.31,1852$
*8
4
Jan. 4, 1860
7
June 30. 1809
*5
*5
June 30 1875
2i
01
Jnly20, 1853
3
3i
Jan. 2, 1861
7
Dec. 22, 1869
5
5
Sept 29 1875
si
0
Jan. 7, 1854
Jan. 7, 1854J
4
*n
3}
*n
Jan. 2, 1862
Dec. 31,1862
7
7
June 29,1870
Nov. 30,1870
5
5
5
5
Dec. 29, 1875
June 28 1876
2t
2*
34-
Jan. 3, 1855
Jan. 7, 1863
*7
June 21, 1871
5
5
* Stock dividends, t 4^ per cent, paid to stockholders as they stood July 1, 1849, and 4 per cent, to the
stockholders who converted their bonds after that date. $ Distribution account sinking fund. § Payable in stock
or cash.
The dividends of January 8, 1858, January 7, 1859, JanuaryJ4, 1860, and January 2, 1861, were paid December
31, 1862, with interest to that date.
Profit and Loss Account, November 30, 1886. — Profit from operations of RR., $4,151,-
917.48 ; profit of steam colliers, $167,839.76; of Richmond coal barges, $1,495.38— total, $4,-
321.252.62. Contra: Loss on canal business, $729,621.02; interest on funded debt accrued,
$5,298,780.70; interest on bonds and mortgages, $148,171.53 ; debit balance interest account,
$775,911.10 ; balance, net loss for year, $2,631,231.73.
General Balance Sheet (RR. Co.), November 30, 1886 :
Railroad Property, $45,909,097.97.
Railroad $27,359,976 48
Depots 4,723,202 64
Engines and Cars 10,398,057 40
Engines and Cars in Car Trust 3,427,861 45
Real Estate 8,207,108 04
Stocks of Leased Lin eg, etc 1,883,036 13
P. & R. C. & I. Co., $47,737,965.53 :
Capital Stock 8,000,000 00
Bond and Mortgage, July 1, 1874 29,737,965 53
Bond and Mortgage, December 28, 1876 10,000,000 00
Steam Colliers 2,335,767 96
Coal Barges on Canals 474,13109
SchuylkiTl Nav. Wks. and Franchises.... 1,000,000 00
Additions and Betterments 699,191 40
Assets, $41,930,222.58 :
Cash 148,31893
Bills Receivable 222,483 16
Freight and Toll Bills. . . . 1,381,514 78
Stocks and Bonds 12,924,617 85
Materials 011 Hand 1,365.807 88
Debts due the Co. and the Receivers.. 6.376,666 92
Due by P. & R. Coal and Iron Co 19,281,395 24
New Equipment 226,417 82
Loss on Cen . RR. Co. of N. Jersey Stock . . 1,390,840 68
SnndryDebits 429,40331
Discount on Sales Unissued Bonds 2,349,871 25
Discount, etc., on Loan of 1874-1908 500,000 00
Exp., Deferred Income Bonds, etc 297,219 51
Loss on Sales, Stock and Bonds 749,219 71
ProfltandLoss 12,105,91126
Total Assets $167,998,986 42
Capital Stock (par, $50), $39,283,961.78 :
Common $38,537,461 78
Preferred 746,500 00
Funded Debt, $96,240,767.92 :
Mortgage Loans 71,651,591 13
Debenture Loans 6,856,100 00
Conv. Adj. Scrip, 1883-88 2,110,730 00
Car Trust Cerr. of February 15, 1883. . 1,400,000 00
Car Trust Certs, of March 15, 1884. . . . 822,000 00
Schuylkill Nav. Co. Loans 2,578,250 00
E. Penn. RR. Co. Loan (1888) 495.900 00
Bonds and Mortgages. . .' 2,098.200 60
Deferred Income Bonds 7,670,427 09
Deb. and Guar. Scrip 557,569 10
Bills Payable and Loans 6,724,80524
Due Leased Lines and Canals, Rental 5,342,741 82
Interest and Dividends unpaid 8,219,814 02
State Tax on Capital and Receipts 322,054 10
Due Connecting RRs 521,46746
Receiver's Cert, for Wages, Materials, etc. 2,&35,370 31
Sinking Fund, Loan of 1836-82 166,070 45
Sinking Fund, S. N. Co. Imp. Bonds 228,000 00
Insurance Funds 453,61742
Due for Wages, Materials, Drawbacks, etc. 1,842,989 89
P.& R. Coal & Iron Co.Proflt & Loss Acct. 4,115,120 90
Sundry Credits 820,840 06
Mine Hill Railroad Accounts 93,930 96
Due on Current Business 492,414 76
Materials Rec'd thro' lease C. RR. of N.J. 295,019 33
Total Liabilities $167,998,986 42
278
POOR'S MANUAL — PHILADELPHIA AND BEADING EE. CO.
Stock and bonds listed on New York, Philadelphia and London Stock Exchanges. An-
nual meeting, second Monday in January ; books close about a week prior thereto.
Of the loans of the Schuykill Navigation Co., $1,200,000 in amount matures in 1895,
$756,650 in 1913, and $621,600 in 1915.
The item " Stocks of Leased Lines, etc.," in General Balance Sheet, consists of Phila. ,
Reading and Pottsville Tel. Co. stock, $22,130 ; East Pa. RR. stock, $892,724.89 ; Reading
and Columbia RR. stock, $232,480 ; Allentown RR. stock, $320,582.99; E. Mahanoy RR. stock,
$228,985.17 ; Mine Hill and Schuylkill Haven RR. stock, $186,133.08— total, $1,883,036.13.
The deferred income bonds have a nominal par value of $25,568,090.30. The amount for
which they appear charged in the balance sheet represents the price at which they were
issued.
Statement of funded debt outstanding November 30, 1886 :
6 per cent. £ Mortgage Loan, 1843-1910, Coupons ; £500 ; interest Jan. and July..
6 per cent. $ Mortgage Loan, 1843-1910, Coupons: $1.000 ; interest Jan. and July.
6 per cent. $ Mortgage Loan, 1844-80, Coupons ; $1,000 ; interest Jan. and July.
6 per cent. $ Mortgage Loan, 1844-1910, Coupons ; 81,000 ; interest Jan. and July.
6 per cent. $ Mortgage Loan, 1848-1910, Coupons ; $1,000 ; interest Jan. and July.
6 per cent. $ Mortgage Loan, 1849-1910. Coupons ; $1,000 : interest Jan. and July .
4i per cent. $ Mortgage Conv. Loan, 1857-86, Coupons ; $500, etc. ; int. Jan. & July
7 per cent. $ Mortgage Loan, 1868-93, Coupons ; |l,000 ; interest April and Oct. .
Consolidated Mortgage Loan, 1871-1911 :
6 per cent, gold $ or £ Coupon 1
6 per cent, gold $ Coupon .... \ Denominations $200, etc., interest June and |
6 per cent, gold $ Registered.. S- December. Interest payable Philadelphia •(
7 per cent, gold K Regisi ered aiid London
$967,200 00
545,500 00
1,000 00
795,000 00
92,000 00
67,000 00
79,01)0 00
2,700,000 00
$5,246,700 00
18,811,000 00
9,364,000 00
$6,999,000 00
305,000 00
858,000 00
3,339,000 00
7,310,000 00
7 per cent, gold $ Coupon J
Improvement Mortgage Loan, 1873-97 :
6 per cent, gold $ or £, Coupon • $1 000 • inlerest January and July
Total "A"- See plan of re-organization page 281
$33,421,700 00
24,686,000 00
4,905,000 00
4,403,328 60
2,441,052 53
1,794,510 00
. 2,098,200 60
General Mortgage Loan, 1874-1908 :
6 per cent, gold $ or £ Coupon ; $1,000 and £200 ; interest Jan. and July
$19,686,000 00
5,000,000 00
7 per cent, gold $ Coupon ; $1 ,000 ; interest January and July
Income Mortgage Loan, 1876-96 :
7 per cent. $ Coupon ; $1,000 • interest June and December
Consolidated Mortgage Loan, 1882-1922 :
5 per cent, gold $, first series ; coupon ; §500, etc. ; interest May and November.
5 per cent, gold $, fractional scrip i
$4,386,000 00
17,328 60
2,436,500 00
4,552 53
Consolidated Mortgage Loan, 1883-1933 :
5 per cent, gold $, 2d aeries ; Coupon ; $500, etc., interest February and August.
5 per cent, gold $, fractional scrip, $3,552.53 ; exchange scrip, $1,000
Scrip, 1877-82 :
6 per cent. General Mortgage, gold $ or £, Coupon . ....
$125,280 00
1,571,940 00
5,040 00
92,25000
6 per cent. General Mortgage, gold $ or £, extended to July 1, 1885, Coupon
6 per cent. Perk. Mortgage Guar., gold $ or £, Coupon
6 per cent. Perk. Mortgage Guar., gold $ or £, extended to July 1, 1885, Coupon. .
Bonds and Mortgages on Real Estate
Total Mortgage Loans and Scrip
$73,749,791 73
$11,746,399 10
2,578,250 00
495,900 00
7,402,020 00
.268,407 09
6 per cent. $ Conv. Adjustment Scrip, 1883-88, Coupon ; interest Jan. and July..
6 per cent. Car Trust Certificates, issue of February 15, 1883, Coupon
2,110,730 00
1,400,000 00
822.000 00
632,700 00
19,500 00
12,1 mo oo
6,191,900 00
557,569 10
6 per cent. Car Trust Certificates, issue of March 15, 1884
6 per cent. $ Debenture Loan, 1868-93, Coupon
6 per cent. $ Debenture Loan, 1878-98, Coupon
7 per cent. $ Debenture Conv. Loan, 1870-90, Coupon
7 per cent. $ Debenture Conv. Loan, 1873-93, Coupon
Scrip, 1877-32 :
6 per cent. Debenture and Guarantee $201,895 00
6 per cent. $ Debenture and Guarantee, extended to July 1, 1884 352,510 00
6 per cent. Debenture and Guarantee, fractional 3,164 10
Loans of Schuylkill Navigation Company :
Loan maturing 1895
$1,200,000 00
756,650 00
621,600 00
Loan maturing 1913
Loan maturing 1915
Loan of East Pennsylvania Railroad Company, maturing 1888
Deferred Income Bonds (nominal par value $21,673,400) .
Scrip for Deferred Income Bonds (nominal par value S894.690.30) .
POOE S MANUAL — PHILADELPHIA AND READING RR. CO.
279
Statement of all lines operated yearly (November 30) for ten years :
Lines of Road.
Second, Side, and other Tracks.
Aggregate Track.
Owned.
Leased.
Cont.
Total.
Owned.
Leased.
Cont.
Total.
Owned.
Leased.
Cont.
Total.
M.
M.
M.
M.
M.
AT.
M.
Jf.
M.
M.
M.
M.
1877..
327.0
41H.O
56.4
799.4
455.5
287.5
17.7
760.7
782.5
703.5
74.1
1,560.1
1878..
327.0
416.0
56.4
799.4
458.3
287.4
17.7
763.4
785.2
703.4
74.1
I,5ti2.8
1879..
331.5
494.5
66.2
892.3
470.3
893.5
18.6
882.4
801.8
888 0
84.8
1,774.6
1880..
327.0
453.3
66.0
846.3
449.6
394.4
18.3
862.3
776.6
847.7
84.3
1,708.6
1881..
327.0
453.3
66.0
846.3
455.7
405.6
18.3
879.6
782.7
858.9
84.3
1,725.9
1882..
327.0
453.4
65.9
846.3
462.1
420.4
19.6
902.1
789.1
873.8
85.5
1,748.4
1883..
327.0
1,152.9
103.0
1,582.9
472.3
933.3
23.3
1.48S. 9
799.3
2,086.2
126.3
3,011.8
1844..
327.0
1,154.7
106.6
1,588.3
479.6
963.1
30.3
1,473.0
806.6
2,117.8
136.9
.,061.3
1885..
327.0
1,152.4
106.6
1,586.0
482.3
972.7
30.3
1,485 3
809.3
2,125.1
136.9
3,071.3
1886..
327.0
1,152.4
106.6
1,586.0
487.4
995.4
30.5
1,513.3
814.4
2,147.8
137.1
3,099.3
Statement of railroad operations, for seven years :
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles..
Freight Train Miles
Coal Train Miles
2,576,989
2,374,595
3,139,043
9,822,422
132,837,063
5,144,044
253,309,495
5,542,050
542,852,074
1,289,002
14,842,766
$
2,674,457
5,058,145
8,357,812
848,472
3,008,313
2,308,155
3,591,190
10,561,853
142,552.450
5,965,818
303,460,473
7,516,868
583,689,725
1,471,324
16,841,807
$
2,872,423
5,671,478
9,085,069
983,471
3,172,856
2,489,622
3,327,345
12,027,470
157,545,680
6,404,709
327,347,373
7,863,046
628,975,470
1,720,467
18,054,351
$
3,142,194
,6,308,067
9,754,312
1,129,076
4,497,269
3,219,438
4,632,779
18,195,264
235,293,176
7,159,682
382,541,344
10,677,532
996,518,077
2,121,568
22,938,311
8
4,675,062
7,687,241
13,988,413
1,925,221
5,908,810
4.227,804
4,728,243
24,011,768
309,371,250
7,453,733
482,572.208
11,007,118
1,082,751,184
2,335,127
24,357,931
$
5,709,314
8,315,982
13,982.541
1,047,998
6,153,494
4,380,099
4,926,682
23,531,057
292,145,478
7,200,930
507,209,527
11,614,288
1,245,508,058
2,109,118
24,624,240
S
5,286,284
7,622.867
13,348,789
], 085,126
6,266,274
4,755,727
5,357.370
25.600,760
313,4^6,552
9,043,351
590,894,823
12,166,110
1,346,038,966
2,574,560
27,748,325
S
5,607,109
8,954.256
13,159,299
1,104,319
Passengers carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Coal (gross tons) Moved.
Coal (ton) Miles
Co.'s M'ter'ls, Md#e, & I
Coal, Tons 2,000 Ibs. (
Tons (includ'g Pass., etc.)
Travel
Merchandise
Coal
Mail and Other
Gross RR. Earnings
Working Expenses
16,938,886
7,520,691
18,612,441
8,451,646
20,333,649
9,209,177
28,275.937
11,920,204
29,055,831
14,023,715
27,343,066
13,011,611
28.824,983
13,984,648
Net RR. Earnings, . .
Rents Leased Lines
Profit & Loss, Prems., etc
Insurance Account
State, Co. & City Taxes.
State Tax on Gross Rects
State Tax on Cap'l Stock
Renewal Fund
9,418,195
2,495,001
24,805
18,290
127,143
125,220
48,970
573,964
898,655
509,742
10,160,795
2,546,959
57,498
17,806
136,590
139,881
70,503
739,534
387,2&5
489,204
11,124,472
2,570,365
60,883
17,417
141,028
152,995
63,014
912,765
404,516
510,766
16,355,733
5,544,924
50,405
15,069
195,130
170,929
55,909
805,582
380,211
776,330
15,032,120
8,658,952
. 90,660
20,264
214,620
171,427
42,222
974,671
349,785
987,638
14,331,454
8,690.269
107,642
20,917
201,862
159,373
18.898
731,216
309.508
799,513
14,840,335
8,741,742
72,009
89,053
219,680
167,852
30,653
760,135
372,259
753,390
Shipping Expenses
Contingencies, etc.
Total Sundry Expenses . .
Net Income
4,221,800
5,196,395
4,585,260
5,575,535
4,833,699
6,290,773
7,994,489
8,361,244
11,510,239
3,521,881
679,132
11,<'99,198
3,232,256
486,290
11,207,433
3,632,902
519,015
Other Receipts
Available Revenue. .
Interest on Bonds
5,196,395
4,630,061
143,697
741,716
189,298
5,575,535
4,612,189
145,467
588,659
86,632
6,290,773
4,627,678
141,449
441,850
244,015
8,361,244
5,205,583
142,085
341,302
309,600
4.201,013
5,181,131
142,949
754,800
677,022
3,718,546
5,444,386
155,198
1,036,418
614,747
4,151,917
5,298,781
148,171
775,911
560,286
Int. on B'ds & Mg.,R.Est.
Debit Balance Int. Ace. .
Losses on Canals, etc. . .
Total Payments, etc.
Credit, Profit and Loss
5,704,772
5,432,947
142,578
5,454,992
835,781
5,998,840
2,362,404
6,755,902
7,250,749
6,783,149
Debit Profit and Loss....
Earnings per Passenger. .
Earnings p. Freight (ton)
Earnings per Coal (ton) . .
508,377
27.2 c.
98.3 c.
116.3 C.
2.554,889
23.8 c.
111.6 c.
127.0 c.
3,532,203
22.5 c.
105.9 C.
119.9 C.
2,631,232
21.9 c.
99.0 C.
108.2 c.
27.2 c.
95.1 c.
120.9 C.
26.1 c.
98.4 c.
124.0 C.
25 7 C.
107.4 C.
131.0 C.
Total miles run by engines since May, 1838, to date, 255,406,842. Total passengers
carried to date, 203,937,465. Coal transported to date, tons of 2,240 Ibs., 185,067,441. Total
tonnage to date, including weight of passengers, ton of 2,000 Ibs., 334,002,992. Total num-
ber of tons hauled one mile to date, 55,342,555.642.
280 POOR'S MANUAL — PHILADELPHIA AND BEADING RR. CO.
Receipts, expenses, etc., of canals, steam colliers, etc., year ending November 30, 1886 :
Receipts.
Expenses.
Net Receipts.
Rental.
Profit.
Loss.
Schuylkill Canal
$
275,078 40
$
156,372 52
8
118,705 88
$
596,320 43
$
$
477 014 55
Schuykill Canal Freight Line
279,099 12
291,321 81
def. 12,222 69
12,222 69
Susquehanna Canal
56,992 29
53.107 43
3,884 86
243,668 64
239,783 78
Steam Colliers
512,090 44
344,250 68
167,839 76
167 8H9 76
Coal Barges
60,145 88
58,650 50
1,495 38
1,495 38
1,183,406 13
903,702 94
279,703 19
839,989 07
169,335 14
729,621 02
Net loss on canals, steam colliers, etc., $560,285.88.
Statement of business of canals, steam colliers and coal barges, for nine years :
1878
1879
1880
1881
1882
1883
1884
1885
1886
Gross Earnings
$
1,695,528
$
1,683,902 89
S
1,587.517
$
1,666,803
S
1,556,487
S
1.521,990
$
1,219,272
$
1,124,222
$
1,183,406
Gross Expenses
Net Earnings..
Rentals, etc. ..
Deficit . .
900,364
796,164
855,500
59,336
968,201 80
715,701 09
831,439 54
115,738 45
839,657
681,800
871,158
189,298
936,853
729,950
816.581
86,732
970,010
586,457
830,473
244,016
964,087
557,903
867,503
309.600
1,024,626
194.646
871,668
677,022
880,788
243,434
858,181
614.747
903,703
279,703
839,989
560,286
On August 26, 1882, provision was made for an iesue of $160,000,000 5 per cent, consoli-
dated mortgage bonds, in two series of $80,000,000 each, $72,942,000 of the first series to be
used in retiring the entire mortgage bonds of the RR. Co. and the divisional mortgages of the
Coal and Iron Co., and $69,903,910.14 of the second series to be reserved to meet certain
other obligations of the Railroad and Coal and Iron Companies. (See MANUAL for 1884.)
The first series bonds have priority over the second, and run for forty years from Mayl,
1882, with interest payable May and November. The second series run for fifty years from
February 1, 1883, interest February and August. Interest is payable in gold in Philadelphia
and New York, and in sterling at the rate of 4 shillings and 1 penny to the dollar in London.
The company holds $5,578,000 bonds of the consolidated mortgage loan of 18T1-1911 to
meet the $5,246,700 bonds issued prior to that time, and $29,990,000 of the general mortgage
loans of 1874-1908 to meet the $28,175,000 consolidated mortgage and improvement mortgage
loans.
Statement of capital account of P. & R. RR. Co. for seven years :
1880
1881
1882
1883
1884
1885
1886
Common Stock
|
32,726,375
$
32,&31,375
$
• 32,831,375
$
33,182.875
S
33,216.625
$
36,822,975
$
38,537,462
Preferred Stock
1,551 800
1,551,800
1,551 800
1,551,800
1,551,800
846.950
746,500
Mortgage Loans
55,710,500
55,696,100
56,279,319
65,384,351
65,552,081
67,966.081
69.R57.081
Debenture Loans
11,838,400
11,678,500
11,655,0<K)
11,087,400
11,079,200
8,177,700
6856,100
Scrip, 1877-82
5,150,719
5,171,124
5.078,224
2,404,684
2.353,73'.i
2,353.739
2,352.079
Conv. Adj . Scrip
2.991,360
3,007,730
3.072.730
2.110,730
Car Trust Certificates.
2.ooo.a»
2,910,000
2.566,000
2.222.000
Bonds and Mortgages
1,928,953
1,921,485
1,964,042
2,049,031
2.135,000
2.098,201
2,098,201
Schuylkill N. Company's Loans
East Pa. RR. Loan
2,578,250
495,900
2,578.250
495,900
2,578.250
495.900
2,576,250
495,500
2,578,250
495,900
2,578,250
495,900
2,578,250
495.900
Def. Inc. Bonds and Scrip
7,605,495
7.650.309
7.670.427
7.670,487
7,670,427
Sinking Fund
394,071
394,070
394,070
394,070
394,070
394,070
394.070
All Other Liabilities
15,443,521
18,201.314
13,229,133
20,430,827
22,116,848
24,314,823
32,080,186
Total Liabilities
Railroad
127.818.494
26.318,378
130.519,918
26,318,378
133.862,608
26,318,378
152,200,457
27.359.976
155,061,670
27.3ri9.97 6
159,357,846
27.3r,>l.976
167.fl9S.986
27,359,976
Depots
4,194,711
4,194,711
4,194,711
4,724.688
4.724.688
4,724.688
4.723.203
Engines and Cars
Real Estate
9,353,442
7,688,344
9,355.442
7688,344
9.355,442
7,688 344
12,674,842
8207.108
13,813,435
8,207,208
13.820,919
8,207,108
13,805.919
8.207.108
RR. and Tel. Stocks (leaf eg). . .
P. & R. C. & I. Co. Stock.
1,929,946
8,000,000
1,929,946
8,000,000
l.f.29,946
8000000
1 ,929.946
8 000000
1,929,946
8,000,1 '.00
1,897,989
8,000,000
1,883,036
8,000,000
Do. Bonds and Mortgages
Steam Colliers
39,737,966
2,561,245
39,737,906
2.561,245
39,737,966
2,561,245
39,737,966
2,561,245
39,737.966
2.561.245
39.737.966
2,335,768
39.737.065
2.335.768
Canals, Barges, etc
New Equipment, etc
1,481,700
1,516,282
1,481,700
2.751,684
1,481,700
5,003.233
1,488,365
1,488.365
663,481
1,488,365
686,682
1,474.131
985,600
Cash and Receivables
1 449 441
3 641 614
2 117 913
2 255 239
1 757 708
2 105 081
1 755,317
Stocks and Bonds held by Co., etc
Materials and Supplies
7,148,428
1,027,000
7,102,513
1,186,658
8,621,007
1 547 760
16,687,054
1 579,987
14,225,626
1,618.573
12,987,347
1,616,674
12.!i24.618
1.365,808
Debts, Discount & Other Assets.
Loss on C. RR. of N. ,T. Stock .
10,914,474
11,129,112
12,970,012
21,188,073
24.106.748
1,390.841
25,150,500
1,390,841
29,483,776
1,390,841
Fd. Coupon not yet matured
1 381,896
469 9F3
69° 727
230,909
Discount, etc., Loan, 1874-1908..
Profit and Loss
500.000
2,613,241
500,000
2,470,652
500,000
1 634.871
500.000
2 613,241
500,000
2,745,061
500,000
7.342,942
500,000
12,105,911
Total Assets...
127,818,494
130.519,918
133,662,608
152,200,457
155,061,670
159,357,846
167,998,986
POOE S MANUAL — PHILADELPHIA AND BEADING RR. CO. 281
On January 5, 1883, the company issued a circular outlining a plan for the readjustment
of the affairs of the company by the exchange and conversion of junior (securities. (See
MANUAL for 1883, page 332.) On June 27, 1883, a second circular was issued to the effect that
" The Philadelphia and Reading RR. Co. and the Philadelphia and Reading Coal and Iron Co. will resume cash
payments, at maturity, of coupons and interest upon all direct obligations or guarantees of both companies
maturing on and after July 1st, 1883.
" Holders of deferred coupon dollar scrip will be entitled, on and after July 2d, 1883, to receive cash for all
back interest to July 1st, 1883, inclusive, and the principal of the scrip will be stamped ' Interest paid to July \tt,
1883, and payment of principal extended, at nix per cent, interest, to July \gt, 1884.'
which outstanding obligations of the company had been funded into new securities, under the above circulars, to
November 30, 1883. Since then but small! amounts of the new securities have been issued.
In addition to the old obligations so funded into the new, the managers had bought for the company, on No-
vember 30. 1S83. the following overdue obligation?, viz. : Deferred coupon dollar scrip, etc.. $824,085; genei il mort-
_ i and Perkiomen sterling scrip, $652.050 : income mortgage bonds, $240,000 ; total, $1,716,085. To supply the
additional means, over earnings, required for the purchase of the above securities ; for the completion of the
Shamokin, Sunbury and Lewisburg RR., $1,751.000 ; for the purchase of additional coal lands and collieries, imd
for the construction of engine's and cars by the Coal and Iron Company, about 81,200,000 : forpaymenton account
of purchase of Central RR. Co. of New Jersey stock, hereafter referred to, say, §510,000: and for other capital
accounts, the floating debt was increased, the managers believing that it was better to make temporary loans at 6
per cent, interest, than to sell at the then market prices the balance of the Convertible Adjustment scrip, or the
unissued income mortgage bonds, or any other funded obligations, the sale of which would involve the payment
of a higher rate of interest for any great length of time.
See MANUAL for 1885, pages 309 to 311, for particulars in reference to floating debt, re-
ceivership, defaults, etc.
PLAN OF REORGANIZATION.
On the 1st of December. 1886, the company defaulted in payment of interest on consols of 1911 and on
Schuylkill Navigation first mortgage loan. On December 14, 1886, a plan for the reorganization of the company
was prepared and subsequently submitted to security holders.
The plan of reorganization provides for an issue of $100,000,000 new general mortgage 4 per cent, bonds and
three issues of income mortgage bonds— $24,410,822 carrying first, §26,140,518 second, and $14,956,016 third pref-
erence for interest up to 5 per cent, afterpayment of interest on new general mortgages.
New general mortgage bonds will be issued at par in exchange for the bonds marked " A " in the statement
of funded debt. Of the balance of the issue, $24,681,000 will be issued in exchange for, or will be sold and the
proceeds applied to, the payment of the present general mortgage bonds, and the r< mainder will be reserved for
taking up the securities of roads now least d or controlled by the company, for exchange fir purchase of divis-
ional mortgages of the coal and iron company, for the redemption of collaterals, and for other purposes.
The plan gives the company the privilege till July 1, 1888, of paying or purchasing the present general mort-
gage bonds at par and accrued interest, holders to receive 4 per cent, interest in the meantime, such interest to
be deducted on the payment or purchase of the bonds. New general mortgage bonds to the amount of $3,000,000
are reserved to pay these advances of interest. If the bonds are not so paid or purchased at the time specified,
they will be exchanged at par for new general mortgage bonds, holders of the 6 per cent, issue to receive 48 per
cent.j and of the 7 per cent, issue 50 per cent, additional in new first preference income mortgage bonds for un-
paid interest and as compensation for reduction of interest.
Income bonds are assessed 10 per cent., and on surrender of bonds with overdue coupons to May, 1, 1887,
attached, will receive £1,245 second preference income mortgage bonds for each $1,000, and first preference income
mortgage bonds equal in amount to their assessment.
Convertible adjustment scrip is assessed 10 per cent., and receives for each $1,000 of scrip with overdue
coupons to May 1, 1887, attached, §1,205 second preference income mortgage bonds, ana first preference income
mortgage bonds to the amount of their assessment.
Debenture and guarantee scrip pays the same rate of assessment and receives the same recognition as that
accorded convertable adjustment scrip.
First series 5 per cent, consols are assessed 10 per cent., receiving therefor an equal amount in first prefer-
ence income mortgage bonds, and for each $1,000 bond surrendered with overdue coupons to May 1, 1887, attached,
$1,154.16§ in second preference income mortgage bonds.
Second series 5 per cent, consols arc assessed 15 per cent., and receive §583. 883 in second preference income
mortgage bonds, and §583.331 in third preference income mortgage bonds for each $1.000 bond with overdue
coupons to May 1, 1887, attached, and first preference income mortgage bonds to an amount equal to the assess-
ment.
Convertible bonds are assessed 15 per cent., receiving therefor an equal amount of first preference income
mortgage bonds, and for each $1,000 bond with overdue coupons to May 1, 1887, attached, $1,239. IGg in third
preference income mortgage bonds, if the coupons include that of July 1, 1884, or §1,1C9.16§, if they be from
Julyl, 1885.
Debenture bonds of the railroad company pay an assessment of 15 per cent., receiving therefor an equal
amount of first preference income mortgage bonds, and for each $1,000 bond surrendered, with overdue coupons to
May 1, 1887, attached, $1,205 in third preference income mortgage bonds if the coupons be from July 1, 1884, or
$1,185 if they be from November 1, 1884.
Debenture bonds of coal and iron company are assessed 15 per cent, and receive for ench $1,000 bond with
overdue coupons to May 1, 1887, attached, $1,227.50 in third preference income mortgage bonds, and first prefer-
ence income mortgage bonds to the amount of the assessment.
All detached coupons of the above named bonds are convertible at par into the bonds into which they would
be convertible under this plan if attached.
Unsecured claims will receive at the discretion of the reconstruction trustees the_ recognition accorded to
debentures.
Preferred stock is assessed 10 per cent... receiving therefor an equal amount of first preference income
mortgage bonds, and for all shares deposited 55 per cent, of their face in third preference income mortgage
bonds.
Common stock is assessed 10 per cent., receiving therefor an equal amount of first preference income mort-
gage bonds and certificates of interest in the voting trust equivalent to the shares deposited.
Deferred income bonds are assessed 2i per cent., receiving therefor an equal amount of first preference in-
come mortgage bonds. The bonds will be stamped as assenting to the plan and returned to holder.
282 POOE'S MANUAL — PHILADELPHIA AND READING BB. co.
It is provided that the stock of the reorganized company or companies shall be vested in five trustees to be
held and voted upon for five years from the date of reorganization, and for the stock thus deposited correspond-
ing marketable certificates shall be issued.
It is proposed to reduce the aggregate of rentals and guarantees (exclusive of Central New Jersey, Schuylkill
Navigation and Susquehanna Canal) to an annual charge of less than $2,350,000 by direct negotiation with the
companies affected by such reduction, and to deal directly with the three companies above named upon the basis
of a continuance of their respective leases at rentals involving no fixed liability beyond the earning power of the
leased line, or a surrender of the said leases and the cancellation of the traffic agreement of the Scnuylkill Navi-
gation Company for a consideration, the said companies, in case of surrender, to release all arrears of rent, and
to convey all real estate in use by the railroad company for railroad purposes, and to secure the release of the
guarantees of the Philadelphia and Reading Railroad Company upon their several bonds or obligations.
The following statement shows the estimated capitalization after the propo:-ed conversions under the above
plan, and the annual charges resulting therefrom, interest being computed from May 31, 1887 :
Annual
Capital. Chan."'.
Prior Mortgage Loans— Marked " A " in statement of funded debt 833,421,700 $2,137,607
New General Mortgage Bonds to be Issued :
For Real Estate Loans $2,100,000
For General Mortgage Scrip 1,697,0(10
For Coal and Iron Company Mortgages 12,18(5,000
For Car Trusts 2,222,000
For General Mortgage Bonds 24,681,000
For Advances of Interest on ditto 3,000,000
For Redemption of Collaterals 3,500,000
For Working Capital 3,000,000— 52,386,220 2,095,448
$85,807,920 84,233,055
Annual Rental of Leased Lines not to Exceed 2,350,000
Total Fixed Charges §06,583,055
First Preference Income Bonds :
For General Mortgage 811,946,880
For Cash Subscriptions, viz.:—
Inc's and Con. Adj. Scrip 89,834,730 8983.473
First Series 5s 7,738,329 773,833
Second Series 5s 7,275,053 1,091.257
Convertible 7s 6,349,000 952,350
Deb. RR. Co 652.200 97,830
Deb. C & I. Co. . . 1,117,000 167,550
Deb. and Guar. Scrip 557,569 55,757
Stock . 39,115,576 7,823,115
Deferred Incomes 20,751,090 518,777
Total Cash Subscriptions 12,403,942 24,410,822 @ 5# 1,220,542
Total including First Preference Income Bonds $110,218,742 87,803,597
Second Preference Income Bonds :
For Incomes and Con. Adj. Scrip $9,834,730
Interest to May 31, 1887 2,323,368
$12,158,098
For Deb. and Guar. Scrip 8557,569
Interest to May 31 , 1887 149,719
707,288
For First Serie? 5s 7,738,329
Interest to May 31, 1887 1,243,158
8,981,487
For Second Series 5s 7,275.053
Interest to May 31, 1887 1,312,237
$8,587,290@50^4,293,645 26,140,518 ©5* 1,307,026
Total, including Second Preference Income Bonds 8130,359,260 $9,110,623
Third Preference Income Bonds :
For Second Series 5s $7,275.053
Interest to May 31, 1887 1,312,237
8,587,290 @ 50 % 4,293,645
For Convertible 7s 6,349,000
Interest to May 31, 1887 1,313,362 7,662,302
For Deb. RR. Co. . . 652,200
Interest to May 31, 1887 ... 140,351 792,551
For Deb. C. I. Co. . . . . 1,117,000
Interest to May 31, 1887 269,308 1,380,308
For Preferred Stock at $55 per share 821,150 14,956,016 @ 5# 747,800
Total, including Third Preference Income Bonds $151,315,276 §9,858,423
CommonStock 38,369,076
Deferred Incomes, $20,751,090, at issue price 6,225,327
Total Capitalization $195,909,679
POOR'S MANUAL — PHILADELPHIA AND READING RR. CO. 283
NOTE : — The above table includes the proposed compensation in first preference bonds for present general
mortgage bonds in case the latter are not paid or purchased by July, 1888, and also includes the amounts of *ec-
ond and third preference bonds proposed to be issued against the present junior obligations of the company
now outstanding as collateral for the floating debt.
If the above are not used, the capitalization and the fixed and income charges will be as follows :
Fixed churges, as above 885,807,920 §6,583,055
First Preference charges 11,140,940 557,047
Total, including First Preference S6,948,860 7,140,102
Second Preference charges 16,232,620 811,031
Total, including Second Preference 113.181.480 7,951,733
Third Preference charges 12,06.1,520 603,276
Total, including Third Preference $125,247,000 $8.565,009
Common Stock 38,369,076
Deferred Incomes, $20,751,090, at issue price 6,225,327
Total Capitalization $169,841,403
The new general mortgage will be a lien on the entire property owned or leased, or hereafter to be acquired
of the railroad and the coal and iron companies. The bonds will be tax free and will run for 70 years, principal
and interest payable in gold. They will be in denominations of §1,000, $10,000, and $100,000 coupon or regis-
tered, with privilege to holders of registered bonds to have them registered for payment of interest in New York
or London. Upon the retirement of the present incomes and 5 per cent, consols, these bonds will be addition-
ally secured by deposit in trust of all the present improvement and general mortgage bonds of the railroad com-
pany, and divisional mortgages of the coal and iron company retired or acquired under this plan, or of respec-
tively equal amounts of first series 5 per cent, consols to be issued in lieu of any or all thereof.
The new income mortgage bonds run for 70 years from June 1, 1887, and are secured by mortgaee upon the
above property, but subordinate in lien in the order of their preference to the new general mortgage. If the
present general mortgage bonds are paid off or purchased before July 1, 1888, the first preference incomes in-
tended lo be used for their account may be used by the company for any other purpose, as may also the §3.000,-
000 new general mortgage bonds reserved to cover advances of interest. All third preference bonds issued in.
exchange for convertible bonds will have the right to be converted into common stock.
PHILADELPHIA AND READING COAL AND IRON COMPANY.
There are now on the lands of the Philadelphia and Reading Coal and Iron Company 65
collieries, exclusive of the small operators. Of these 87 have been worked by the company,
13 have been leased, and 15 temporarily abandoned or under repairs. The company also
worked 11 leased collieries. During the year the company acquired, on lands controlled by
it, three collieries — Cuyler, Big Mountain and Sterling. The tonnage was as follows :
Mined by company from lands owned and controlled 4,631,396 12
Mined by company from lands leased 984,966 12
Total tonnage and mined by the company 5,61 6,363 04
Mined by tenants from land owned and controlled by company 592,839 03
Total tonnage mined by company and others 6,209,202 07
This shows an increase of 379,835 tons over 1885, or an average of 24,094 tons per day for
each full day worked.
The cost per ton of mining coal in 1886 was 153.7, an increase of 10.2 cents, as compared
with the cost of previous year. The collieries were worked 233.1 days, as compared with
220.3 in 1885.
The iron-ore mines have been idle during the past two years.
The repair shops at Pottsville produced during the year 13,545,600 Ibs. iron casting?,
2,912,959 Ibs. iron forgings, 834, 432 Ibs. boiler and sheet-iron work, 103,306 Ibs. brass castings,
123,580 Ibs. steel forgings, and 205 boilers, 198 of which replaced old ones. Also, 638 mine
cars, 31 dirt dumpers, 17 wrought-iron shaft cages, 6 ventilating faus, 27 mine pumps, 2 ball
engines and pumps, machinery for two new breakers for Henry Clay and Alaska Shaft Col-
lieries, and 1 pair of 45" x 60" engines for Mahanoy Plane.
The Reading shops produced during the year 10,732,046 Ibs. iron castings, 3,514,864 Ibs.
iron forgings, 792,953 Ibs. brass castings, 128,473 Ibs. white-metal casting?, 9 locomotives
built, 1 locomotive rebuilt. 367 locomotives repaired, 28 eight- wheeled passenger carp, 3 eight-
wheeled combination cars, 279 eight-wheeled and 2 four-wheeled merchandise cars, 6 eight-
wheeled 40,000.1b. coal cars built ; 336 eight-wheeled passenger, 47 eight-wheeled baggage
cars, 35 eight-wheeled refrigerator cars, 5,375 eight-wheeled merchandise cars, 225 six-
wheeled merchandise cars, 357 four-wheeled merchandise cars, 1,374 eight-wheeled coal cars,
and 606 four-wheeled coal cars repaired.
284
POOR S MANUAL — PHILADELPHIA AND BEADING BB. CO.
Statement of production of coal and iron ore for seven years (November 30):
1880
1881
1882
1883
1884
1885
1886
Days of Work
173.9
Tons.
3,460,464
1,235,642
198.3
Tom.
3,937,607
1,484,993
205.6
Tons.
4,111,830
1,512,959
227.5
Tons.
4,582,607
1,491,465
191.5
Tons.
4,925,987
746,697
220.3
Tons.
5,236,528
803,650
233.1
Tons.
5.<il6,363
592,839
Collieries Operated by Company
Collieries Operated by Lessees
Total Tonnage Mined
4,696,106
3fe cost p
>r seven ,
5,422,600
er ton f
pears :
5,624,789
or coal a
6,074,132
t collier!
5,672,684
es worke<
6,040,178
1 by Phil
6,209,202
adelphia
Tonage expenses and avera
and Reading C. & I. Company f(
Coal Mined (tons)
Expenses of Mining, etc.
Average Cost per Ton. . .
3,460,464
$4,971,370
143.6 c.
3,937,607 4,111,830
$5,895,555 $6,058.490
149.7 c. 147.3 c.
4,582,667
$6,851,347
149.5 c.
4,925,987
$7,279.384
5,236,528
$7,514,217
143.5 c.
5,616.363
58.631,839
153.7 c.
The same for iron ore, but the cost less royalty at shipping point :
Iron Ore Mined (tons)
29.568
11.361
18,000
13,990
3,095
Cost at Shipping Point, less Royalty. .
$47,763
$24,257
$34.229
$10,489
$11,034
Average Cost per Ton
161.5 c.
213.5 C.
190.1 C.
75.0 c.
356.5 c.
The number of persons employed at the collieries was — in 1873, 5,000 ; in 1874, 8,000 ; in
1875, 9,000 ; in 1876, 9,110 ; in 1877, 11,428 ; in 1878, 10,630 ; in 1879, 12,661 ; in 1880, 13,-
093 ; in 1881. 13,509; in 1882, 13,705 ; in 1883, 16,345 ; in 1884, 19,414 ; in 1885, 18,919 ; in
1886, 19,273.
During the year there were 134 serious accidents, being 1 to each 41,913 tons mined ;
and 52 fatal accidents, or 1 to each 108,007 tons mined.
The company's rolling-mill at Reading has been idle during the past two years.
Genera] Account Philadelphia and Reading Coal and Iron Co., for seven years :
1880
1881
1882
1883
1884
1885
1886
Capital Stock
$
8,000,000
12,582,000
39,737,966
872,558
1,731,000
2,166,471
8,236,673
$
8.000,000
12,430,000
39,737,966
855,523
1,731,000
1,743.415
8,410,923
$
8,000,000
12,347,000
39,737,966
934,032
1,731,000
1,402,554
9,706,952
$
8,000,000
12,200,000
39,737,966
846.988
1,152,000
658,191
16,096,092
$
8,000,000
12,471,000
39,737:96*)
917,988
1,117,000
2,003,2.'3
17,484,594
8
8,000.000
12,338.000
39,737,966
925,087
1,117,000
2,809.499
17,279,540
$
8,000,000
12,261,000
39,737,966
769,837
1,117.000
1,855,363
20,898,031
Purchase Mortgage Bonds
Bonds held by P. & R. RR. Co
Real Estate Bonds
Debenture Bonds ....
Floating Debt
Sundry Accounts..
Total Liabilities
Coal Lands
Timber and Iron Ore Lands
73,336,668
40,943,360
1,246,127
1,365,909
8,228,039
1,513,707
1,959,373
4,783,955
72,908,827
40,939,938
1,246,127
1.345.328
8,228,039
1,513.707
1,958:441
5,152,699
73,859,504
40,915,713
1,246,127
1,483,353
8,912,017
1,513,707
1,999,115
5,102,699
78,691,237
41,296,250
1,240,127
1,519,892
9,841.955
1,735.972
1,623.667
5,933.599
1,022.043
687.268
:;:;.-. 1
1,556,889
836,465
2,498,030
8,259,791
81,731,801
41,943,692
1,246,127
1,581.325
10,655.890
2,182,992
2.035,426
6.103,701
1,686,538
707,028
43,161
1,752,964
774.12V
1,958,676
9,060,154
82,207,092
41,977,247
1,246,127
1,580,036
10.55^,792
2,244,573
2,090,136
6,143,391
1,685,323
707,028
65.457
1,385,207
724.804
1,677,140
10,125,831
84,639,197
41,970,156
1,246,127
1,582.036
10,819,691
2,413,632
2.372,576
6.010,009
1.685,339
714,337
48,761
1,292,914
830,763
1,400,287
12,257,569
Other Real Estate
Improvements and Equipments
Leasehold Collieries
Supplies, Dead Work, etc ....
Stocks and Bonds
Furnace, Rolling-Mill, etc
Miners' Houses, etc
Other Property ....
Cash and Cash Items
1,446,725
2,785,730
1,333,560
7,549,972
170,205
1,467,664
2,614,417
876,148
7.509,304
' 57,015
1,048,369
2,952,154
1,224.106
7,462,144
Debts Due the Company, etc
Supplies, Materials, etc
Interest, Profit and Loss, etc. .
Funded Coupons not yet Matured
Total Assets
73,326,668
72,908,827
73,859,504
78,691,237
81,731,801
82,207,092
84,639,197
Income Account of the Philadelphia and Reading Coal and Iron Co., 1886 :
Coal Rents, 366,945.14 tons $93,476 32
Land Rents 19,825 86
House Rents 103,203 82
Furnace and Iron Ore Rents 5,04887
Coal Sales, 5,730,278.11 tons 15,420,803 26
Rolling-Mill Sales 1,706 49
Iron Ore Sales
Interest and Dividends
3,405 83
Mining, 5,616,363.04 tons $8,631,838 71
82,640 01
485,391 84
5,706,444 26
1,795,072 70
20,970 93
8,833 76
262,273 45
Coal Purchased, 42,443.04 tons
Royalty on Leased Collieries
Tolls, etc., P. & R. RR. and other Cos...
Freights, Shipping Charges, etc. (coal) . . .
Iron Ore, etc
Rolling-Mill
Land Department
198,941 25
Total Receipts $15,846,411 70 Total Payments $16,993,465 66
Leaving debit to profit and loss, $1,147,053.96 applicable to interest for the year.
POOR'S MANUAL — PHILADELPHIA AND READING RR. CO.
285
Statement of receipts, expenses, traffic, etc., of P. & R. RR., 1850 to 1886 :
YEAR.
Receipts,
Coal.
Receipts,
Mdse.
Receipts,
Pass.,
Mail, etc.
Total
Receipts
Transpor-
tation.
Expenses.
Roadway
Sh'PPing
Total
FziZseg Receipts
Expenses. Ru_ D» t
Net
1850.
1851.
1852.
1853.
1854.
1855.
1856.
1857.
1858..
1859.,
18BO. ,
1861.,
1862. ,
1863..
1864..
1865..
1866.
1867..
1868..
1869..
1870. .
1871..
1872..
1873..
1874..
1875..
1876..
1877. .
1878. .
1879. .
1880..
1881..
1882. .
1883..
1884..
1885..
1886..
$
2,071,731
2,018,871
2,150,677
2,254,694
3,253,823
3,664,095
3,242,458
2,412,923
1,865,693
1,883,685
2,328,158
2,111,023
2,879,420
4,897,200
7,203,775
8,627,292
8,245,097
6,404,878
6,252,224
8,346,240
6,498,871
8,287,293
7,513,115
9,104,094
8,920,914
7,636,699
6,708,682
7,505,207
7,206,952
7,186,222
8,357,812
9,085,070
9,754,312
13,988,413
13,982,541
13,348,789
13,159,299
125,822
123,672
138,964
180,612
231,626
325,851
348,699
329,986
335,915
474,888
599,620
406,3-21
523,416
673,143
953,776
1,165,277
1,421,539
1,525,551
1,415,723
1,579,623
1,690,444
2,306,643
2,688,030
3,603,177
3,380,301
3,026,008
2,949,501
2,913,588
2,690,766
3,827,496
5,058,145
5,671,477
6,308,067
7,687,241
8,315,b82
7,622,867
8,954,256
166,405
171,787
190,985
252,981
296,190
331,848
322,584
322,612
309,143
365,720
384,768
388.494
508,994
682,559
1,111,789
1,349,950
1,235,583
1,176,067
1,123,990
1,282.518
1,382,052
1,968,907
1,923,893
2,125,390
2,150,906
1,998,220
2,569,328
1,724,115
1,641,875
2.092,634
3,522,929
3,855,894
4,271,270
6,600,283
7,436,445
6,857,7'00
7,230,443
2,314,330
2,480,626
2,688,287
3,781,639
4,321,794
3,913,741
3.065,521
2,510,751
2,724,293
3,312,546
2,905,838
3,911,830
6,252.902
9,269,340
11,142,519
10,902,819
9,106,496
8,791,937
11,208,381
9,571,367
12,562,843
12,125,038
14,832,661
14,452,121
12,660,927
12,227.511
12,142,910
11,539,593
13,10(5,352
16,938,886
18,612,441
20,333,649
28,275,937
29,734 968
27,829.356
29,343,998
792,024
872,955
874,641
878,071
1,225,321
1,225,239
1,238,970
1,072,099
858,494
899,222
971,511
844,564
977,742
1,588,156
2,665,342
3,539,435
3,791,620
3,600,795
3,577,625
3,979,399
3,628,472
4,108,044
4,472,343
5,426,479
5,157,240
4,867,129
4,990,572
4.656,16'
4,301,106
5,140,808
6,122,310
6,678,072
7,171,384
9,575,603
11,383,397
10,959,882
11,814,316
154,780
160,569
202,135
178,480
220,209
285,643
324,168
266,588
223,309
233,578
239,787
246,474
256,935
374,212
722,176
997,948
1,094,068
1,066,225
1,061,079
1,132,558
1,140,703
1,261,952
1,397,143
1,674.591
1,252,293
1,192,496
1,139,186
873,689
930,666
1,067.541
1,398,382
1,773,574
2,037,793
2,344,601
2,640,318
2,051,729
12,170,332
133,519
155,413
165,986
195,682
216,997
261,218
143,059
117,996
143,381
242,651
191,0%
301,906
583,633
1,197,330
1,368,481
1,335,212
1,100,838
1,002,396
1,160,876
1,162.292
1,489,971
1,432,252
1,558,850
1,530,701
1,450,615
1,650,001
1,824,398
1,747,470
2,324,582
tl,726,799
t2,038,301
t2,263,333
t2,449,f)65
1-2,851,288
t2,408,930
t2,465,690
$
1,C80,323
1,188,1137
1,228.689
1,222,537
1,641,212
1,727,879
1,824,856
1,481,746
1,199,799
1,276,171
1,453,949
1,282,134
1,536,583
2,546,001
4,584,848
5,905,864
6,221,500
5,767,858
5,641,100
6,272,833|
5,931,467
6,859,967
7,301,738
9,659,920
7.940,234
7,510,240
7,779,75(i
7,354,254
6,979,242
8,532,931
*9,247,4<ll
* 10,489, 947
*11,4<2,510
*14,369,769
*16.875,003
*15,420.541
*16.450,338
$
1,283,635
1,186,898
1,251.987
1.465,750
2,140,427
2,593,915
2,089,385
1,583,775
1,310,952
1,448,112
1,858,597
1,623,704
3,375,247
3,706,901
4,084,492
5,236,655
4,681,319
3.338,638
3,150,837
4,935,548
3,639,900
5,702.876
4,823.300
6,172,741
6.511,887
5,150,687
4,447,752
4,788,656
4,560,351
4,573,421
7,691,325
8,122,494
8,161,139
13,906,168
12,859,964
12,408,815
12,893.660
TEAR.
Tons
Coal.
Tons
Merchan
disc.
Tons
Co.'s
Materials.
Total tons
incl. wgt. of
Passengers
Number
Pass.
Through
Pass.
Coal per
Ton.
Mdse.
per Ton.
Pass.
through,
each.
1850
1851
1852
1853
1854. . .
1855
1856
1857
1858
1859
1860
1861.. ..
1862
1863
1864...
1865...
1866
1867...
1868. . .
1869...
1870...
1871...
1872...
1873...
1874...
1875...
1876
1877
1878...
1879...
1880...
1881
1882...
1883...
1884
1885 ..
1,351,502
1,650,270
1,650,912
1,582,248
1,987,854
2,213,292
2,088,903
1,709,692
1,542,646
1,632,932
1,946,195
1,639,535
2,310,990
3,065,261
3,065,577
3,090,814
3,714,684
3,446,826
3,574,874
4,239,457
4,633,504
6,002,573
6,185,434
6,546,553
6,348,812
5,505,455
5,595,207
7,255,318
5,909,140
8,147,580
5,179,399
8,072,142
8,429,826
11,449.373
11,879,997
12,530,594
13,124,169
63,625
63.807
75,769
107,853
140,801
154,384
198,886
184,617
187,729
334,609
423,523
324,958
451,733
652,363
807,106
846,105
1,037,121
1,185,896
1,220.596
1,488,738
1,754,943
2.305,234
2,891,400
3,331.194
3,098,aSl
2,720,208
2,493.277
2,837,648
2,757,839
4,177,976
5,144,044
5,965,818
6,404,709
7,159,682
7,453,733
7.200,930
9,043,351
157,450
219,731
181,217
174,161
187,591
247,478
236,700
182,512
170,603
196,104
160,084
143,237
171,499
234,071
242,908
249,863
226,896
242.526
220,946
337,117
193,578
437,456
497.571
651,648
493,591
581.984
482,222
313,981
412,110
631,753
741,036
849,417
1,085,674
1,257,106
1,357.503
1,192,813
1,616,501
1,743,680
2,145,132
2,122,171
2 076,197
2,582,563
2,909,667
2,815,760
2,326.706
2,126,881
2,405,314
2,819,898
2,348,906
3,260,953
4,391,877
4,606,286
4,712,016
5,574,907
5,421,538
5,488,558
6,667,190
7,449,925
8.548,964
10,981,657
11,932,262
11,336.261
10,009,040
10,236,326
11,833,826
10.383,317
14,673,159
14,842,766
16,841,807
18,054,351
22,938,311
24,357,931
24,624,240
27,748,325
No.
92,726
127,590
165,164
211,819
266,631
277,617
282,300
291,679
285,651
379,406
385,304
368,651
396,4ti6
576,861
1,048.521
1,481,632
1,444.257
1,273,644
1,194,575
1,527,769
2,034,039
5,766,934
6.383.991
6,790,088
6,964,869
6,938,129
10,936,157
6,674,879
6,376,413
7,908,648
9,882,422
10,561,853
12,027,470
18,195,264
24,011,768
23,531,057
25,600,760
No.
46,041
57,593
69,579
92,657
105,219 1
111,822!
106,205!
107,039
104,519
126.076
129,978
140,4511
150,970
211,970
342.252
393,350
384,302
345,970
330,835
435,754
446,328
719,845
791,478
860,829
852,312
823,182
1,331,949
799,088
807,64->
1,064,332
1,428,357
Cts.
41.01
38.54
35.56
35.07
41.06
a3. 61
35.21
36.30
27.74
23.02
21.74
20.82
17.50
21.98
30.16
40.45
36.25
36.66
34.57
33.26
32.00
27.05
27.10
26.70
24.60
25.40
24.20
20.30
17.90
15.10
18.50
Cts.
67.30
69.20
77.50
76.90
81.70
80.10
67.85
68.54
62.80
47.60
38.61
45.77
36.14
38.31
45.50
53.64
44.10
40.73
39.13
37.62
28.65
21.40
21.05
26.48
27.65
28.13
31.59
28.11
29.01
21.46
20.47
Vs.
73.70
69.90
86.80
62.90
74.20
84.49
100.42
70.10
73.90
96.50
87.44
83.52
67.10
60.32
68.60
80.49
96.50
111.40
104.85
87.60
74.78
66.72
66.53
76.41
80.12
' 9.87
7.76
8.39
8.67
8.22
10.18
* Includes all expenses, except Rentals and Int. t Shipping Expenses, Ins., Renewal, Profit and Loes, etc.
286
POORS MANUAL — PHILADELPHIA AND BEADING RB. CO.
General Balance SJieet P. and R. Coal and Iron Co., November 30, 1886.
Capital Stock $8,000,000 00
Purchase Money Mortgage Bonds :
1872-1892 $9,396,000
1872-191)2 150,000
1873-1893 28(5,000
1874-1884 204,000
1874-1894 1,240,000
1882-1902 352,000
1883-1888 270,000
1834-1904 363,000— 12,261,00000
Real Estate, Bonds and Mortgages, etc. . . 769.837 45
Bonds and Mtgs. held by P. & K. KR. Co. 39.737.965 53
Debenture Bonds, 1842-92 1,117,000 00
Floating Debt l,a55,3C2 80
Wages and Material Bills 949,474 88
Current Business Debts 343.178 10
Cou pons, Interest, etc 329,600 00
Debts Due P. & R. RR. Co 19,275,778 11
Property and Investments. .$68,573,582.79
Coal Land* $41,970,15588
Timber and Iron Ore Lands 1,246.127 06
Other Real Estate 1,582,03562
Furnace, Rolling-Mill, etc 1,685,338 95
Improvements and Equipment 10,437,523 94
Leasehold Collieries 2,413.631 85
Stocks and Bonds Owned 5,725,928 85
Miners' and Other Houses 714,336 73
Dead Work at Coll. and Iron Ore Mines. 2,372,575 76
Improvements, Sundry Investments, etc.
Supplies, Coal, Ore, Stocks, Bonds, etc...
Old Interest, etc. . . $11,684,219 38
Add Profit and Loss Debit.. 573,349 48—12,257,568 86
Debts Due the Company and the Receivers 830,762 92
Bills Receivable 182,941 98
Coal Bills Due 1,070,981 41
Rents Due 16,187 46
Cash on Hand 22,804 10
425,928 15
1,684,367 35
Total Assets $84,639,196 87 Total Liabilities $84,639,196 87
Statement of rentals of leased roads and canals for years 1883, 1884. 1885 and 1886 :
1883
1884
1885
1886
Mine Hill and Schuylkill Haven RR Co .
$
321 800 00
$
321 800 00
$
3'*> 156 00
S
326 552 00
Mount Carbon and Port Carbon RR. Co
36,250 00
36,250 00
3(i'250 00
36 250 00
Mill Creek and Mine Hill Navigation and RR. Co
34,616 87
34,616 87
34 616 87
34,616 87
Schuylkill Valley Navigation and RR. Co.
30 890 12
30,890 12
30 890 12
30 890 12
Little Sen. Navigation RR. & C. Co. (includes E. M. RR.)
East Pennsylvania RR. Co
210,780 00
143,838 65
210,7^0 00
143.838 65
212,267 50
144,146 40
215,660 75
143,992 85
Phila Germ and Norristown RR. Co.... .. ..
291 104 74
291.104 74
293 904 74
293 904 74
Chestnut Hill RR. Co
17,201 90
17,201 90
17,201 90
17,201 90
Catawissa RR. Co
362,930 00
362,930 00
362,930 00
362.930 00
North Pennsylvania RR. Co
842,122 04
861,820 92
866,686 67
890,343 20
Delaware and Bound Brook RR. Co. . .
263,375 17
270,450 16
270,880 00
272,248 71
Central RR. of New Jersey
2,897,178 61
5,920.212 54
5,939,643 32
5,960,792 15
Schuylkill and Lehigh RR. Co
15,750 00
27,015 00
27.015 00
27,015 00
Shamokin. Sunbury and Lewisburg RR. Co
29,166 67
50,300 00
50,560 00
50,684 00
Pickering Valley RR. Co
4,741 55
23.361 00
23,261 00
23,261 00
Colebrookdale RR. Co
18,381 22
36,000 00
36.000 00
36,000 00
Allentown RR. Co ....
3,635 f:3
2,407 36
2,280 72
2,316 40
Chester Valley RR. Co
21,160 24
18,072 34
15,579 24
17,082 75
Total Railroads
5,544,923 61
8,658,951 60
8,690,269 49
8,741,742 44
Schnylkill Navigation Co
623,959 38
627,979 06
614,512 44
596,320 43
Susquehanna Canal Co
243,543 64
243,688 64
243,668 64
243,668 64
Total Rentals. ....
6,412,426 63
9,530,619 30
9,548,450 57
9,581,731 51
The double tracking of the North Pennsylvania RR. was completed in January, 1887. The new connection
between the Mount Carbon and the Mount Carbon and Port Carbon RRs., at Pottsville, and the work of lowering
the Mount Carbon and Port Carbon RR. has also been completed.
The floating debt of the RR. Co., Nov. 30, 1886, including Receivers' Certificates, was $9,560,176
Current liabilities ." 16,741,482
Floating debt of the Coal and Iron Co., Nov. 30, 1886, including Receivers' Certificates $1,855,362
Current liabilities 1.622,253
Total floating debt and current liabilities of both Companies, November 30, 1886
The floating debt of the RR. Co., Nov. 30, 1885, including Receivers' Certificates.. $3,851.747
Current liabilities 10,980,877
$26,301,658
3,477,615
$29,779,273
The floating debt of the Coal and Iron Company, on November
30, 1885. including Receivers' Certificates, was $2,809.499
Current liabilities 1,428,054
Total floating debt and current liabilities of both Companies, November 30, 1885..
Being an increase in the current liabilities of
And a decrease in the floating debt of
$20,832,624
4,237,553
25,070,177
$5,954.804
1,245,708
Increase for the year ending November 30, 1886.
$4,709,096
Of this floating debt the amount secured by collateral is $7.795.754
The certificates, promissory notes and other obligations of the Receivers amount to $3,619,784
" In September, 1886, Receivers were appointed for the Central Railroad Company of New Jersey. They
•were authorized by the Circuit Court of the United States to take possession of the lines of railroad embraced in
the Central Company's system whenever the board of directors of the Central Railroad Company of New Jer-
POOR'S MANUAL OP RAILROADS. 287
sey should exercise the option to forfeit the lease of the Central Railroad to the Rend in" Company This they
had been empowered to do by the Circuit Court of the United States, on the 5th of April, 1886. The Board of
Directors of the Central Railroad Company of New Jersey exercised this option on the 1M of January 1K87
Thereupon the Receivers of the Philadelphia and Reading Railroad Company, in pursuance of the decree of the
Circuit Court of the United States, delivered possession of the lines of railroad embraced in the Central system
to the Receivers of the Central Company. The accounts between the respective Companies and the Receivers
are now in process of adjustment before the Master appointed by the Court.
"Notwithstanding the severance of the two systems, all railroad traffic continues to he exchanged between
them under provisional arrangements, which have been made between the two Companies for the handling
thereof, and it is not doubted that th.-se two systems of railroads will continue to conduct their business in a
manner that shall be harmonious, and to the mutual benefit of both Companies.
" During the year 1886, the Receivers of the Company have been able to a great extent to protect from sale
the collaterals of the Company which are pledged with the floating debt, by the simple payment of the interest
accruing on the loans, and the Company is under great obligation to its creditors for their forbearance by reason
of which valuable collaterals have been saved from sacrifice. "
A plan for the reorganization of the company without foreclosure has been submitted and has received the
assent of all but an inconsiderable few of security holders.
RAILROADS OWNKD OR LEASED BY THE PHILADELPHIA AND READING RAILBOAD Co.
ALLENTOWN RAILROAD.— Port Clinton to Allentown, 35.8 miles. Completed from Topton to
Kutztown, Pa., 4 50 miles. Chartered April 19, 1853. Operated by P. & R. RR. Co.; rental 30 per cent, of gross
earnings. Rental, 1886, 82,316.40 ; other receipts, $265.93— total, $2,582.33. Expenses and taxes, $806.47. Net
income, $1,775.86. Capital stock (par, $50), $1,268.884.47; unfunded debt, $3,479.74; sundries, $12 745 87— total
$1,285,109.58. Cost of road, etc., $1,084,052.71; cash, $120.01; sundry debits, $5,252.10: profltand loss, $195,084.76.
AUSTIN CORBIN, President , John Welch, Treasurer ; Howard Hancock, Secretary, Philadelphia, Pa.
CATAWISSA RAILROAD.— Tamanend to Newberry Junction, 96J, and branch from Summit Station
to Silverbrook, 4.50— total, 101. Chartered as Little Schuylkill and SnsquehannaRR. Co.. March 31, 1821; changed
to Catawissa, Williamsport and Erie RR. Co., March 20, 1849 ; opened December 18, 1854. Reorganized in 1860
under existing title. Leased for 999 years from November 1, 1872, to P. & R. RR. Co.; rental, 30 per cent, of
gross earnings, and $8,000 for expenses of maintaining organization. Lease rental, $226,000. Dividends on pre-
ferred stock (3.5 per cent, each), May and November, $224,000. Capital stock ($50 par)— common, $1,159,500 ; 1st
preferred, $2,200,000; 2d preferred, $1,000,000— total, $4,359,500. Funded debt (assumed by lessees)- 1st mortgage
6 per cent. 20-year bonds, due August 1, 1902, $230,500 ; 30-year bonds, due February 1, 1900, $1,300,000 ; chattel
mortgage 5 p>-r cent. 20-year bonds, due 1900, $24,500 ; 10 per cent. 20-year bonds, due July 1, 1888-89, $185,350 ;
construction 7 per cent, 40-year bonds, due June 1, 1917, $62,000— total, $1,802,350. Total stock and bonds, $6,--
161,850. Cost of road, etc., $6,206,668.08. M. P. HUTCHINSON, President and Treasurer, Philadelphia, Pa.
CENTRAL RAILROAD OF NEW JERSEY.- Mainline, Jersey City, N. J.,toPhillipsburg, N. J.,
72.42 miles ; Newark Branch, Communipaw, N. J., to Newark, N. J., 6.18 miles ; Newark and Elizabeth Branch,
Elizabethport to Brills, N. J., 5.29 miles ; Elizabethport Loan Branch, Elizabeth to Elizabethport, N. J., 3 miles ;
Elizabethport and Perth, Aniboy Branch, Elizabethport to Perth Amboy, N. J., 11.98 miles; Bay Way Branch,
0.82 mile— total length of main line and branches, 99.69 miles. 2d track, 82.70 miles ; sidings, 145.~80 miles— total
track (steel, 211.85 miles), 328.19 miles. Gauge, 4 ft. 8| in. Rail— iron. 56 and 65 ; steel, 6u, 62f and 70 Ibs. The
Central RR. Co. of New Jersey was formed by the consolidation (February 22, 1849) of the Elizabeth and
Somerville and the Somerville and Eastern RR. Companies. Road opened to Phillipsburg, July 2, 1852. Line
extended to Jersey City iu 1864. Branch from Elizabeth to Newark opened in 1872. The Newark and New
York RR. was opened Aunust 1, 1869. In addition to its own lines as above, the company controlled through
lease or otherwi e the roads named on page 323 of MANUAL for 1884, the total length of which aggregated 650.23
miles.
On the 29th of May, 1883, all of the lines owned and controlled as above were leased to the Philadelphia and
Reading RR. Co. for a period of 999 years from June 1, 1883. Under the provisions of this lease, the Philadelphia
and Reading RR. Co. guarantees 6 per cent, on the capital stock of the Central Railway Company, and assumes
all of the latter's interest and rental obligations. See MANUAL for 1884, page 323, for reqtal and interest obliga-
tions referred to, in addition to which the company is liable for the rental accruing under the leases of the Toms
River and Waretown RR., the West End RR., and the Lehigh Coal and Navigation Co., the last named control-
ling the Lehigh and Susquehatma and other railroads. Subsequent to the lease entered into as above, the Lehigh
Coal and Navigation Co., the Central RR. Co. of New Jersey, and the Philadelphia and Reading RR. Co. entered
into an agreement, by the terms of which the Philadelphia and Reading leafed the Lehigh and Susquehanna RR.
at a minimum rental of $1,414,400, and a maximum of $1,728,700 for any yearpriorto 1888 ; $1,885,800 for any year
from 1888 until 1893 ; and $2,043,000 for any year thereafter.
General Balance Sheet (latest furnished), May 29, 1883.
Railroad and Property $17,621.210 57
Equipment 14,767,60428
Cash, $293,360.51 ; Accounts, $1,218,757.92. 1,512,118 43
Real Estate 1,494,128 05
Stock!" and Bonds Owned 20,621,319 19
Advances and Loans 1,562,93104
Materials 1,110,08001
Bonds and Mortgages ... 54,762 50
Balance 2,452,129 70
Total Assets. . . $61,196,283 77
Capital Stock $18,563,200 00
Funded Debt 35,696,380 00
Floating Debt 2,057,00000
Other Indebtedness 1,033,499 39
Interest, etc. (accrued but not due) 898,221 38
Bonds and Mortgages on Real Estate 1&5.613 00
Car Trusts 2,762,400 00
Total Liabilities $61,196,283 77
The Cental RR. Co. of New Jersey refused to furnish any information whatever. It was reported that shortly
after making the lease, the Philadelphia and Rending RR. Co. deposited with Receiver Little, to secure the float-
ing debt of the Central Company, $1,000,000 of its own first series new consolidated bonds and $2,000,000 of the
second series. Since the date of above balance sheet, the company has made an issue' of $5.000,000 6 per cent. 20-
year convertible debenture bonds, interest payable semi-annually, May 1 and November], in New York or London.
These bonds are convertible into stock at any time after January 1, 1885, and until January I, 1907. Of the
amount provided, $2,640,000 were issued in exchange for the outstanding income bonds ($2,400,000) at the rate of
110 per cent, of their par value, under an agreement arrived at some time previously, ^whereby these bonds were
to be exchanged at an advance of 10f per cent., such advance being in lieu of all claims of income bondholders for
past interest. The one-half per cent, was paid in cash. The remaining §2,360,000 after the above issue are to be
used in paying floating debt, and for betterments, etc.
During I he year 1885 many defaults were made on this company's interest. On the first of February, 1886,
default was made on interest then due on 1st mortgage bonds— making three coupons of that issue overdue.
About the same time the lease of the road to the Philadelphia and Reading was declared void by the Chancellor or
New Jersey. Application for the appointment of separate receivers was made, and was granted October 15, 1886,
when John 8. Kennedy and Joseph S. Harris were appointed. The lease to the Philadelphia and Reading was
abrogated and the road transferred to the receivers January 1, 1887.
288
POOR S MANUAL OF EAILROADS.
Financial Statement. December 31, 1886 (from report to State Comptroller).— Capital stock, $18.563,200 ; bonded
debt, $38,424,648.11 ; interest unpaid, §1,829,046.50 ; taxes, $80,406.07 ; floating debt, §1,022,448.74— total, $59,-
919,749.42. Cost of road and appendages, $18,311,813.52.
Earnings in 1886.— Passenger, $1,707,186.77 ; freight, $3,793,894.21 ; other $492,514.45— total, $5,993,595.43.
Operating expenses, $3,454,804.36. Net Earnings, $2,538,791.07.
Statement of funded debt in detail, December 31, 1882 (.latest detailed statement furnished) :
Description.
Date.
Interest.
Due.
Afloat.
let Mortgage
1869
1872
Sept. 1, 1874
7 p. c. Feb. & Aug —
7 p. c. May & Nov
7 p. c. J., A., J. & O.
1890
November 1, 1902
July 1, 1899
1887
May 1, 1903
1897
$13,200 seini-annually
§42,000 quarterly
$35,000 quarterly
$100,000 annually
$110,000 annually
" 'May Y,' i908'
$5,000,000
4,400,000
15,000,000
600,000
5,454,000
2,310,000
171,600
370,000
620,000
900.000
1,043,000
87.350
2,400,000
Newark Branch
1867
1878
7 p. C. Jim. & July
7 p. c. May & Nov
6 p. c. June & Dec
L C & N Co gold
RR. Car Trusts of Philadelphia
N. J Car Tru^s
7 p. c. Mar. & Nov . . .
7 p. c. M., J., S. & D
Central N. J. Car Trusts
Guaranteed Car Trusts
(ip. c. J., A. J. & O..
6 p. c. Ap. 30 & Nov.l
6 p. c. April &Oct....
7 p. c. Jan. & July
Tp. c. M.&N.(as ear'd)
Central RR of N J Car Trust ....
Newark and New York RR. Stock
Income (non-cumulative)
May 3,' 1878
February, 1887, coupons of first mortgage bonds were paid by the receivers.
The Central N. J. Car Trust bonds were payable by quarterly installments of $60,000 each during 1885, and on
January 1. 1886, when the last fell due. The company has guaranteed $5,000,000 5 per cent, bonds of the
American Dock and Improvement Co., which are a lien on the property of that company.
For further particulars concerning rental received during the year, etc., reference should be made to the state-
ment of the Philadelphia and Reading RR. Co.
A plan of reorganization is under consideration.
Directors (elected May 6, 1887).— Austin Corbin, New York, N. Y.; Elisha P. Wilbnr, Bethlehem, Pa.; H. C.
Fahnestock, J. Rogers Maxwell, New York, N. Y. ; Charles Hartshorne, Philadelphia, Pa.; George F. Baker,
New York, N. Y.; Robert H. Sayre, Bethlehem, Pa.; Edward D. Adams, Henry Graves, New York, N. Y. J.
ROGERS MAXWELL, President; Samuel Knox, /Secretary; J. W.Watson, Treasurer. CORPORATE OFFICES, 119
Liberty Street, New York, N. Y.
CHESTER AND DELAWARE RIVER RAILROAD.-Thnrlow to Eddystone, Pa., 4.39—
total track, 7.45 miles. Chartered 1873 ; opened 1876. Controlled and operated by P. & R. RR. Co. ; no separate
accounts kept. Capital stock (par, $50), $39,550 ; floating debt (advances by P. & R. RR. Co.), $195,100.99— total,
$234,650.99. Cost of road ($50,322.37 per mile), $220,915.21. AUSTIN COKBIN, President, Philadelphia, Pa.
CHESTER VALLEY RAILROAD.— Bridgeport to Downingtown, Pa., 21.50 miles— total track, 24
miles. Chartered April 22, 1850 ; road opened September 12, 1853. Operated by P. & R. RR. Co.; rental 45 per
cent, of gro^s earnings for all under $30,000, and above $30,000 50 per cent, of gross receipts — for year 1884, $18,-
072.34. Capital stock, $871,900 ; funded debt, 1st mortgage 7 per cent, bonds, due May 1, 1872, $500,000 ; floating
debt (coupons), $350,000— total, $1,721,900. Cost of road, $1,756,900, JAMES BOYD, President, Norristown,
Pa.; William H. Holstein, Treasurer, Bridgeport, Pa.
CHESTNUT HILL RAILROAD.— Germantown to Chestnut Hill, Pa., 4.13— total track, 4.63 miles.
Chartered April 10, 1848, and opened October 16, 1854. Leased to Philadelphia, Germantown and Norristown RR.
Co. for 999 years March 17, 1852, and lease transferred to P. & R. RR. Co. from December 1, 1870 ; rental ($3,-
988.33 per mile), $16,478 per annum. Dividends, March, June, September, and December, each 3 per cent.,
$14,478 ; organization expenses, $2,000. Capital stock, representing cost of road ($29,284 per mile), $120,650.
Annual meeting, second Monday in January. Books not closed for annual meeting. Books close for dividends
about 10 days prior to payment of same. Stock listed on Philadelphia Stock Exchange. W. W. COLKET, Presi-
dent; Wm. W. Stephens, Secretary and Treasurer, Philadelphia, Pa.
COLEBROOKDALE RAILROAD.— Pottstown to Barto, Pa., 12.80 -total track, 15.5 miles. Char-
tered March 23, 1865 ; opened September 12, 18G9. Leased for 20 years to P. & R. RR. Co., January 1, 1870;
rental (.30 per cent, of gross earnings), year ending November 30, 1886, $16,658.39 ; expenses and taxes, $423.01.
Net income, $16,235.38. Capital stock (par, $50), $297,215 ; funded debt, 1st mortgage 6 per cent. 30-year bonds,
due June 1, 1898, $600,000 ; unfunded debt, $102,805.62; sundries, $110,460— $1,110,480.62. Cost of road (.$52,502.31
per mile), $872,029.58 ; stocks and other investments, $13,300 ; cash, $159.97 : profit and loss, $424,991.07— total,
$1,110,480.02. JOSEPH L. BAILEY, President, Pine Iron Works, Pa.; John Welch, Treasurer ; Howard Hancock,
Secretary, Philadelphia, Pa.
CONSTABLE'S HOOK RAILROAD.— Centreville, N. J., to Constable's Hook, N. J., 2 miles. Capital
stock, $81,400 ; floating d«bt, $13,918.57— total, representing cost of road and equipment, $95,318.57. HBNBY S.
LITTLE, President, 119 Liberty Street, New York City.
DELAWARE AND BOTTND BROOK RAILROAD.— Bound Brook Junction, N. J., to Dela-
ware River (Pa. Line), 27 miles. Branch : Trenton Junction, N. J., to Trenton, N. J., 3.7 miles. Total length,
30.7 miles. 2d track, 27 miles. Sidings, 10.8 miles. Rail (steel, 57.89 miles), 70 Ibs. ChaiteredMay 12, 1874: main
line, opened May 1, 1876 ; Trenton Branch in 1877. In connection with the Central RR. of New Jersey and North
Pennsylvania RR., it forms a line between New York and Philadelphia. Leased for 990 years from May 1, 1879,
to the Philadelphia and Reading RR. Co., at an annual rental equalling interest on bonds, maintenance expenses,
and for the first two years, 6 per cent, on stock, 7 per cent, for the two succeeding years, and 8 per cent, for each
year thereafter. Rental, year 1884, $257,880. Payments: Interest on bond*, $116,520; dividends (quarterly,
February, May, August and November, 2 per cent, each), $135.360 ; maintenance of organization, $6,000— total,
$257,880. Capital stock, $1,742,000 ; funded debt, 1st mortgage 7 per cent. 30-year bonds, dated August 2, 1875,
interest February and August, $1,500,000 ; 2d mortgage, 6 per cent. 20-year bonds, dated May 1, 1879, interest May
and November, $242,000-total, $3,484,000. Contra: Cost of road and equipment, $3,241,291.30.
Statement of dividends paid from August, 1879, to November, 1885 :
Date.
Aug., 1879,
Nov., 1879,
Feb., 1880,
May, 1880,
Aug., 1880,
p.,
H
U
H
1*
Date.
Nov.,
Feb'y,
May,
Aug.,
Nov.,
p. c.
1880, 1J
1881, H
1881, li
1881, If
1881, li
Date.
Feb., 1882,
May, 1882,
Aug., 1882,
Nov., 1882,
Feb., 1883,
P.J
H
Date.
May, 1883,
Aug., 1883,
Nov., 1883,
Feb., 1884,
May, 1884,
p. c. Date.
1J Aug., 1884,
2 Nov., 1&84,
2 Feb., I8a5,
4 May, 1885,
2 Aug., 1885,
c.lDate.
2 Nov., 1885,
2
2
2
2
p. c.
POOR'S MANUAL OP RAILROADS'. 289
Annual meeting in Trenton, second Thursday in May. Books close at 8 P. M. on day preceding came and re-
open on Monday folhw ing. ^ Dividends declared on the second Thursday in February, May, August, and November.
follov '
phia, Pa.
DOVER AND ROCKAWAY RAILROAD. — Port Oram, N. J., to Rockaway, N. J., 4.7
Opened in 1881 as a continuation of High Bridge KR. Operated to June 1, 1883, under lease by Central RR Co
of New Jersey : now operated by the P. & R. RR. Co. Capital stock, $100,000. Bonded debt, $35,000. Leased
to Central RR. of N. J., for 999 years at an annual rental equal to G per cent, on its capital stock. GEOIMJE RICH-
ARDS, President, Dover, N. J.
EAST MAHANOY RAILROAD. -East Mahanoy Junction to Waste-Honse Run, 7.56 ; branches
6.53— total track, 21.86 miles. Chartered March 9, 1856 : opened July 10, 1860. Leased January 12, 1863, for 99
years to Little Schuylkill RR. Co.; sub-leased from July 1, 1868, to P. & R. RR. Co.; rental (6 per cent, on stock
and $2,000 additional for taxes and sundry expenses), $28.692.50 ; other receipts, $148.50— total, §2s,841. Pay-
ments, taxes, etc., $2,148.50. Dividends paid January 15 and July 15, 1885 (3 per cent, each), $26,692.50. Regular
EAST PENNSYLVANIA RAILROAD.— Reading to Allentown, Pa., 86-total track (steel, 14.73
miles), 71.2 miles. Chartered April 21, 1857 ; opened May 11, 1859. Leased to P. & R. RR. Co. for 999 years from May
1, 1869 ; rental, interest on bonds, 6 per cent, on stock, and organization expenses. Dividends paid 188(5, January
19, July 20 (3 per cent, each), $102,573. • Capital stock (par, $50), $1,714,950 ; funded debt, 1st mortgage 7 per cent
30-year bonds, due March 1, 1888, $495,900— total. $2,210,850. Cost of road, etc. ($52,501.39 permile), $1,890,050.08.'
Annual meeting, second Monday in January. Books close for annual meeting 60 days prior thereto ; for dividends
January 1 and July 1. Regular semi-annual dividends of 3 per cent, each have been paid each January and July
since May, 1809. Stock and bonds listed on Philadelphia Stock Exchange. AUSTIN CORBIN, President; John
Welch, Treasurer ; Howard Hancock, Secretary., Philadelphia, Pa.
EAST TRENTON RAILROAD.— Millham, N. J., to terminus, 2.56 miles. Controlled and operated
by the Philadelphia and Reading RR., in connection with the Delaware and Bound Brook RR., in whose state-
ment operations, earnings, etc., are included. Capital stock, representing cost of road and equipment, $45,906.69.
EDWARD C. KNIGHT, President ; J. H. Stevenson, Secretary and Treasurer, Trenton, N. J.
HIGH BRIDGE RAILROAD.— High Bridge, N. J., to German Valley, N. J., 15.8 miles. Branches :
Chester and Hacklebarney, 11.8 miles. Total lines owned, 27.1 miles. Built in the interest of the Central RR. Co.
of New Jersey ; equipped and operated by the P. & R. RR. Co. Opened April 1, 1876. Capital stock, $850,000 ;
floating debt, $186,254.30— total, $1,036,297.50. Cost of property, $1,015,347.55. JOHN KEAN, President, Elizabeth,
N. J.; J. W. Watson, Secretary and Treasurer, New York, N. Y.
LAKE HOPATCONG RAILROAD.— Hopatcong Junction to Lake Hopatconjr, N. J., 5.6 miles.
Capital stock, $177,300 ; floating debt, $1,413 38— total, representing cost of road and equipment, $178,713.38. JOHN
KEAN, President, 119 Liberty Street, New York City.
LEHIGH AND STJSQTJEHANNA RAILROAD (THE LEHIGH COAL AND NAVIGATION Co.).—
The main line of this road runs from Phillipsburg, N. J., to Union Junction, Pa., 105 miles. Branches— Nescopec,
Nescopec Junction to Upper Lehigh, 10; Nanticoke, Ashley to Collieries, 20.80; Drifton, Leslie's Run to Drifton,
10.80; Ashley Planes, Solomon's Gap to Ashley, 3 ; Lee, Lee Station to Nanticoke, 2 ; Pond Creek, Sandy Run
to Nescopec, 2.40 ; Laubacht, 0.80 ; South Bethlehem, 0.25— total, 50.05 miles. Leased lines— Nesci'iefioning Val-
ley RR., 16.50 ; Tresckow ER., 7.20— total, 23.70 miles. Total owned and leased, 179.35 miles. 2d track, 57 ; sid-
ings, 84.7 miles. Gauge, 4 ft. 8£ in. Rail (steel, 219 in.), 60, 62| and U5 Ibs.
These roads are the property of the LehighCoal and Navigation Co., chartered February KJ, 1822. In 1827
I 116
The
______________________ , — ,. _________________ _.__„ nsion
to Phillipsburg was completed in August, 1868. The railroad was leased for 999 years from March 31, 1871, to the
Central RR. Co. of New Jersey, at an annual rental of 33>£ per cent, of the gross receipts.
Dunns; 1884 and 1885 the company built, at a cost of $60,672.76, a link of 3* miles, connecting the Nesque-
honing Valley and the East Mahanoy RRs , and turned it over when completed in October, 1885. to the Philadel-
phia and Reading RR. Co., an amount equal to its cost of the Lehigh and Susquehanna construction loan held by
the " Reading " being cancelled thereby.
On May 29, 1883, the Lehigh Coal and Navigation Co. entered into an agreement with the Central RR. Co. of
New Jersey, and the Philadelphia and Reading RR. Co., which had on the same day taken a lease of all the lines
owned and controlled by the Central RR. Co. of New Jersey, the object being to secure a proper guarantee of
this company's interest. On January 1, 1887, the Central RR. Co. of New Jersey repossessed itself of its own
railroad, including its leased lines, and is now operating the Lehigh and Susquehanna KR. under the original
lease of March 31, 1871. as modified oy the agreement of May 29, 1883, at a minimum rental of $1,414,400 per
annum. See MANUAL of 1884, p. 326.
Of the 1st mortgage loan of $5,381,840.84, which matured April 1, 1884, $5,000,000 were extended to July 1,
1914, at 4£ per cent., and the balance paid off and cancelled.
Interest on loans : Loan of 1884 extended to 1914, and general mortgage loan due 1924, 44 per cent.; loans of
1894, 1897, 1887, 6 per cent.; loan of 1911, scrip redeemable m bonds of 1'Jll, and Greenwood bonds of 1892, 7 per
cent.
Revenue Account, Lehigh Coal and Navigation Company, for 1886.
Revenue from Railroads and Tunnel ...... $1,464,38134
Revenue from Lehigh Canal .. 27,80141
Net Profit on Lehich Coal 135,10405
Rent, Royalties. Water Power'/etc .'...'.... 101,131 05
Total Receipts $1,728,50785
General and Legal Expenses .............. $58,94828
Rent and Taxes, Nesquehoning Val. RR.. 75,52625
Kent and Taxes, Delaware Division Canal. 39,58143
Taxes ..................................... 89,738 85
Interest Account .......................... 844,692 08
Total Payments ....................... $1,108,486 83
Net income for year, $620 020 96. Deduct for sinking fund, $89,418.90 ; dividend ($1.25 per share on 253,513
shares paid June 11, 1886, and $1 per share on 253,517 shares, paid December 11, 1886), $570,408.25— total, §609,-
8*7.15. Charged to Dividend Fund, $39,806.19.
19
290
POOR'S MANUAL OF RAILROADS.
General Balance Sheet of the Lehigh Coal and Navigation Co., January 1, 1887.
Lehigh and Snsquehanna Railroad $14,399,348 03
Lehigh Navigation and Shipping Imp 2,191,000 00
Coal Lands... 5,475,3C6 67
Coal Improvements 1,876.04042
Panther Creek Railroad and Equipment. . 502.373 26
Lansford Shops and Equipment 86,377 70
Opened Work and Cut Coal, in Mines. . . . 504.388 00
Mining Equipment 282,55766
Landed Property and Improvements 678,539 43
Canal Equipment 213,052 98
Supplies on hand at Mines , 161,985 13
Coal on Hand 72,721 57
Securities owned by Company 2,385,000 83
Bonds and Mortgages and Ground Rents. 15,301 35
Cash on Hand 167,20623
Bills Receivable 5,256 14
Balance Individual Ledger 198,577 68
Total Assets $-29,215,093 08
Capital Stock, 253,534 shares issued $12,676,700 00
Loan due 1914 $5,000,000 CO
Loan due 1897 (Gold) 4.653,000 00
Loan due 1897 (Railroad). . . . 2,0(30,000 00
Lonn due 1911 (Cons. Mtg.). 2,465,000 00
Scrip, redeemable in Consol-
idated Mortgage Bonds. . . 5,750 00
Loan dm; 1S94 (Gold) 747,00000
Greenwood Mortgage Bonds,
due 1892 643,000 00
Mortgage Bonds, due 1887
(Kentucky Bank Tract). . . 37,000 00
Loan Due 1924 (Gen. Mtg.).. 1,735,000 00
Less
Gold Loan 1 897... *$2,81 0,000
Gold Loan 1894. . . t~47,000
$17,285,750 00
3,557,000 00
Bills Payable
Central RR. Co. of N. J.
Construction Loan $757,365 03
Philadelphia and Reading
RR. Construction Loan. . . 150,988 81
13,
Ground Rents, Mortgages, and Dowers. . .
Interest and Dividends, due January 1st,
1887, and Arrears
Profit and Loss
Dividend Fund
,728.750 00
873,000 00
908,353 84
161,157 12
135,014 95
88,082 42
644,034 75
Total Liabilities §29,215,093
* $2,310,000 assumed by C. RR. Co. of N. J., $500,000 by L. & W. Coal Co. t Assumed by L. & W. Coal Co.
NESQUEHONING- VALLEY RAILROAD.— Nesqnehoning Junction to Tamanend, Pa., 16.50 ;
Tunnel Branch : Hauto to Lansford, 1.12 miles— total length, 17.62 miles. Second track, 7.6 miles. Opened in
1870. Leased November 4, 1868, to Lehigh Coal and Navigation Co. for 999 years. The main line of the road
is included in the lease of the L. & S. RR.,made March 31, 1871, to the Central RR. Co. of New Jersey, and is now
operated by that company. Rental under the lease was ten per cent, on the capital stock, the lessee having the
right to commute the rental by the purchase, at par and accrued interest, of the share capital of the lessor com-
pany. On the 24th of June, 1879, when about to exercise this right, a supplemental agreement was entered
into, whereby the lessee agreed to suspend such option until the 1st of September, 1884, the rental during that
period being reduced to 7 per cent. On the 29th of February, 1884, a second agreement was ramie by which the
lessee's option was further suspended for a period of 20 years from September 1, 1884, the rental during that
time to be guaranteed at the rate of 5 per cent, per annum, free of all taxes. Rental for the year, §69.976.25.
Taxes paid by lessee, $4,200. Net income, $69,976.25. Dividends, March and September, at 226 South 3d street,
Philadelphia, Pa., $69,976.25. Capital stock, $1,400^000 ; unfunded debt. $5, 774.58— total, $1,405,774.58. Contra:
Cost of road, etc., $1,405,904.47. J. B. MOORHEAD, President; C. F. Howell, Secretary and Treasurer, Phila-
delphia, Pa.
SPRING- BROOK RAILROAD.— Moosic, Pa., to Spring Brook, Pa., 8.50 miles. Sidings, 0.25 mile.
Gauge, 4 ft. 8i in. Rail, 25 to 50 Ibs. Rolling Stock.— Locomotive engine, 1. Freight cars, 18. financial State-
ment, January 1, 1886.— Capital stock, $37,800 ; funded debt (7 per cent, bonds), $15,000. Leased by L. C. & N.
Co. in 1888, and sub-leased in 1885 to Spring Brook Lumber Co. JOHN S. JENKINS, President ; L. A. Watres, Sec-
retary, Pittston, Pa.
TRESCKOW RAILROAD.— Silverbrook to Audenried, Pa., 7.20 miles. Opened in 1872. Leased to
Lehigh Coal and 'Navigation Co., and included in the lease of the L. & S. RR., made March 31, 1871, to the Cen-
tral RR. Co. of New Jersey, and is now operated by that company. Capital stock (par, $50), $130,000, and floating
debt, $102,897.51— total, representing cost of road, etc., $222,897.51. F. C. YABNALL, President, Overbrook, Pa.;
S. Shepherd, Treasurer, Philadelphia, Pa.
Managers Lehigh Coal and Navigation Co. (elected February 23, 1886).— Joseph S. Harris, F. C. Yarnall, E.
W. Clark, Francis R. Cope, James M. Wilcox. Edward Lewis, T. Charlton Henry, Samuel Dickson, Philadelphia,
Pa.; Fisher Hazard, Edward B. Leisenring, Mauch Chunk, Pa.; Charles Parrish, 'VVilkesbarre. PH.; Abraham S.
Hewitt, New York, N. Y. JOSEPH S. HARRIS, President, Philadelphia, Pa.; Francis C. Yaniall, Vice-President,
Philadelphia, Pa.; Solomon Shepherd, Secretary and Treasurer, Philadelphia, Pa.; C. F. Howell, Auditor,
Philadelphia, Pa. PRINCIPAL OFFICE, L. C. & N. Co. 226 South Third St., Philadelphia, Pa.
LONG-WOOD VALLEY RAILROAD.— German Valley, N. J., to Port Oram, N. J., 13.8 miles.
Total track, 17.2 miles. Opened in 1876 as a continuation of the High Bridge RR. Virtually owned by Central
Co. Capital stock, $300,000 ; floating debt, $140,355.46— total, representing cost of road, $428,921.57. JOHN KEAN,
President, Elizabeth, N. J.
MANUFACTURERS' RAILROAD.-Brill's to Passaic River, 1.5 miles. Capital stock, $79,600 ;
cost of road, $78,592.20. HENUY S. LITTLE, President, New York.
LITTLE SCHUYLKILL RAILROAD.— Pt. Clinton to Tamanend, Pa., 28.1 ; branches. 3.00— total
track, 58.1 miles. Chartered February 20. 1826 ; opened in 1831. Leased for 98 years to P. & R. RR. Co. from
July 1, 18fi8. -Rental, 1886, $213,419.50 ; other receipts, $8,038.03— total. $221,457.53. Expenses and taxes, $4,-
002.51 ; paid rental E. M. RR., $28,192.50. Dividends January and July (:ty per cent, each), $182,856.96. Siir-
plnf, $8,405.66. Capital stock (par, $50), $2,487,850 ; income balance, $10,121.25— total, S'-).497.971.25. Cost of
road and lands, $2,406,048.75 ; stocks and other investments. $94,506.60 : other assets, $133.580.11. Annual meet-
ing, second Wednesday in January. Books closed for dividends 10 to 14 days prior to payment of same. Stock
listed on Philadelphia Stock Exchange. DANIEL R.BENNETT, President; Jos. Lapsley Wilson, Secretary and
Treasurer, 410 Walnut Street, Philadelphia, Pa.
POOR'S MANUAL OF RAILROADS.
291
Statement of dividends paid by the Little Schuylkill RR. Co. :
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c.
15
July, 1857
34
Jan., 1870
3}
33
July, 1874
3t
42
Jan., 1879
••!•!
51
July, 1888
4t
16
July, 1803
a*
as
July, 1870
si
34
Jan., 1875
at
43
July, 1879
at
52
Jan., 1884
»t
17
Jan., 1864
3
ae
Jan., 1871
at
!i5
July, 1875
31
44
Jan., 1880
4
58
July, 1884
8}
18
July, 1864
3
a7
July, 1871
3*
36
Jan., 1876
3t
45
July, 1880
at
54
Jan., 1P85
4
19
Jan., 1865
9
28
Jan., 1873
3|
37
July, 1876
3
46
Jan., 1881
at
55
July, 1885
8t
20
July, 1866
a
a9
July, 1872
3*
38
Jan., 1877
3t
47
July, 1881
at
56
Jan., 1886
at
21
Jan., 1868
a
30
Jan., 1873
3|
39
July, 1877
3t
48
Jan., 1883
at
57
July, 1886
at
^
Jan., 18(19
4t
31
July, 1873
at
40
Jan., 1878
3t
49
July. 1882
at
58
Jan., 1887
at
23
July, 1869
3±
32
Jan., 1874
at
41
July, 1878
3t
50
Jan., 1883
3t
MAUCH CHUNK, SUMMIT HILL AND SWITCH BACK RAILROAD.-Mauch Chunk,
Pa., to Summit Hill, Pa., 9 miles. This gravity road was built in 1826 for the transportation of coal froi i Sum-
mit Hill to the Lehigh River at Mauch Chunk. The empty cars were hauled back by mules, brought down in a
car for that purpose with the coal. For the return of the empty cars there were built in 1844 two inclined planes
— Mt. Pisgah, 2,323 feet long and 900 feet rise above Mauch Chunk, and Mt. Jefferson, 2,070 feet long and 462
feet rise— making an entire circuit of 18 miles. It was abandoned for transportation of coal in 1870, and has
eince been operated exclusively as a pleasure road. It is leased from the owners, the Central RR. Co. of New
Jersey, by T. L. and H. J. Mumford, of Mauch Chunk, and is in operation from May 15 to November 1 each year.
The equipment consists of 18 eight-wheeled passenger cars, 7 four-wheeled passenger cars. 4 eight-wheeled coal
cars, 1 eight-wheeled flat car, 1 eight-wheeled water car, and 3 four-wheeled wreck cars. The road hiis no liabili-
ties, its business being transacted on a cash basis. Gross earnings in 1886, $22,976. 25 ; expenses, same period,
$18,842.19 ; net earnings, $4,134.06. T. L. MUMFORD, Lessee and Manager, Mauch Chunk, Pa.
MILL CREEK AND MINE HILL RAILROAD.-Palo Alto to Newcastle, Pa., 3.80 ; branches,
3.47 : total track (steel, 3.29), 25.2 miles. Chartered February 7, 1828 ; opened November 3, 1829. Leased July
25, 1861, for 999 years to P. & R. RR. Co.; rental, $33,000 per annum. Dividends January and July, 5 per cent,
each, $32,337.50. Capital stock (par, $25), $323,375. Cost of road, $323,045. AUSTIN COBBIN, Prenideid ; P. C.
Hollis, Treasurer, Philadelphia, Pa.
MINE HILL AND SCHUYLKILL HAVEN RAILROAD.-Schuylklll Haven to Locust Gap,
Pa., etc., 53.1 : total track, 135.5 miles. Chartered March 24, 1828 : opened October 8, 1831. Extensions and
branches built later. Leased May 12, 1864, for 999 years, to P. & R. RR. Co.; rental, £326.552, being 8 per cent,
on capital stock. Dividends, January and July, 3£ per cent, each, $285,733. Capital stock (par, $50), $4,081,900,
representing cost of road.
Statement of dividends paid from January, 1833, to September, 1885 :
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c.
1
Jan., 1833
7
22
Jan., 1845
8
43
Oct., 1855
6
64
Jan., 1866
4
85
July, 1876
3t
2
Oct., 1833
4t
23
Oct., 1845
7
44
Jan., 1856
6
65
July, 1866
4
86
Jan., 1877
3t
3
Jan., 1834
4
24
Jan., 1816
8
45
Oct., 1856
ft
66
Jan., 1867
4
87
July, 1877
3t
4
Jan., 1-36
5t
25
Oct., 1846
7
46
Jan., 1857
7
67
July, 1867
4
88
Jan., 1878
at
5
Oct., 1836
3t
26
Jan., 1847
8
47
Oct., 1857
6
63
Jan., 1868
4
89
July, 1878
3t
6
Jan.. 1837
6
27
Oct., 1847
7
48
Jan., 1858
6
69
July, 1868
4
90
Jan., 1879
3t
if
Oct., 1837
5
28
Jan., 1848
7
49
Oct., 1858
4t
70
Jan., 1869
4
91
July, 1879
at
8
Jan., 1838
8
29
Oct., 1848
6
50
Jan., 1859
5
71
July, 1869
4
92
Jan., 1H80
at
9
Oct., 1838
5
30
Jan., 1849
7
51
Oct., 1859
5
72
Jan., 1870
4
93
July. 1880
at
10
Jan., 1839
5}
31
Oct., 1849
5
52
Jan., 1860
6
73
July, 1870
3t
94
Jan., 1881
at
11
Oct., 1839
5
32
Jan., 1850 7
53
Oct., 1860
6
74
Dec., 1870
4
95
July, 1881
8t
12
Jan., 1S40
6
33
Oct., 1*50
5
54
Jan., 1861
6
75
July, 1871
3t
96
Jan., 1882
at
13
Oct., 1840
4t
34
Jan.. 1851
7
55
Oct., 1861
5
76
Jan., 1872
4
97
July, 1882
3t
14
Jan., 1841
7
35
Oct., 1851
7
56
Jan., 1862
4t
77
July, 1872
Pt
98
Jan., 1883
3t
15
Oct., 1841
6
36
Jan., 1852
8
57
Oct., 1862
4
78
Jan., 1873
4
99
luly, 1883
3t
16
Jan., 1842
9
37
Oct., 1852
7
58
Jan., 1863
4
79
July, 1873
3t
100
Jan., 1884
at
17
Oct., 1842
5
38
Jan., 1853
8
59
July., 1863
4
80
Jan., 1874
4
101
July, 1884
3t
18
Jan., 1843
7
39
Oct., 1853
5t
60
Jan., 1864
4
81
July, 1874
3t
102
Jan., 1885
3t
19
Oct., 1843
7
40
Jan., 1854
?t
61
July., 1864
3T75
82
Jan., 1875
4
103
July, 1885
5
20
Jan., 1843
8
41
Oct., 1854
?
62
Jan., 1865
4
83
July, 1875
at
104
Jan., 1886
3t
21
Oct., 1844
7
42
Jan., 1855
5t
63
July, 1865
4
84
Jan., 1876
3t
105
July, 1886
3t
WILLIAM BIDDLE, President., Germantown ; John W. Biddle, Trtasurer, Philadelphia, Pa.
MOUNT CARBON AND PORT CARBON RAILROAD.-Mount Carbon to Palo Alto, Pa.
urer, Philadelphia, Pa.
NEW JERSEY SOUTHERN RAILWAY.— Port Monmonth to Atco, N. J., with branch from
and company reorganized as New Jersey Southern RR. Co. in 1869 ; road again sold under foreclosure March 31,
1879, and purchased for account of .first mortgage gold bondholders for $752,000, subject to prior liens on the
branch lines. Reorganization subsequently effected under present corporate name, and road leasud to the Central
RR. Co. of New Jersey, by which it is controlled and practically owned. Capital stock, $1,590,600 ; funded debt
(1st mtge. 6 p. c. bonds, N. Y. & L. B. RR., dated July 15, 1879, $1,590,600 ; 1st mtge. 7 p. c. bonds, L. B. & S.S.
RR. Co., $200,000), $1,790,600— total, $3.381.200. Cost of road, equipment, etc., at foreclosure sale, $<o.2,000.
Under the lease to the Philadelphia and Reading RR. Co. the latter guarantees the interest on bonds. HENRY S.
LITTLE, President, 119 Liberty Street, New York City.
NEW YORK AND LONO BRANCH RAILROAD.-Perth Amboy to Bay Head Junction N. J.,
38 miles. Consolidation, December 21, 1881, of the New York and Long Branch RR., Perth Amboy to Long
292
POORS MANUAL OF RAILROADS.
Branch, 23.254 ; New Egypt and Fanningdale RR., Long Branch to Ocean Beach, 7.424 : Long Branch and Sen
Girt RR., Ocean Beach to Sea Girt, 3.409 ; N. Y. and Long Branch Extension RR., Sea Girt to Point Pleasant,
2.780 ; and the Long Branch and Barnegat Bay RR., Pt. Pleasant to Bay Head, 1 mile— total, 37.96!) miles. Road
leased to Central RR. Co. of New Jersey. On the 3d of January, 1882, the Central RR. Co. of New Jersey and the
Pennsylvania RR. Co. entered into an agreement for the joint use of this line, the New York and Lon^ Branch
RR. Co. to receive an annual rental equivalent to 32 per cent, of gross traffic earnings, with a guarantee of §206,000
minimum and $240,000 maximum. Subsequently (in Jannary, J883) a pooling arrangement was entered into. A
suit is now pending on behalf of the Pennsylvania RR. Co. to prevent the annulling of these contracts. The road
is operated under independent management, and earnings are separately reported. For year 18S3, earnings from
passengers were, $423,774.17 ; freight, $108,003.64 ; other sources, S12.G12.Oft— total, $544,389.90. Operating ex-
penses, $579,772.86. Deficit from operations, $35,385.92. Payments under guarantee : Interest on bonds, $75,000;
dividend. 1J per cent., $35,000— total, $110.000. Total deficit for year, $145.3*2.92. Capital stock. $2,000,000.
Funded debt, 5 per cent, bonds, $1,500,000 ; floating debt, $29,214.84— total, $3,529.214.84. Cost of road, etc.. §3,-
309,726.23. H. S. LITTLE, President ; A. Reckless, Secretary and Treasurer, New York City ; Rufus Blodgett,
Superintendent, Long Branch, N. J.
NORTH-EAST PENNSYLVANIA RAILROAD.-Abington to Hartsville, Pa., 9.5 miles.
Opened December 18, 1872 ; operated by North Pennsylvania RR. Co. to May 1, 1S79 ; now operated in connec-
tion with that road by P. & R. RR. Co.; rental, net earnings. Capital stock (par, $50), £81.550 ; funded debt, 1st
mortgage 7 per cent. vO-year bonds, due January 1, 1892, $160,000 ; floating debt. $237,448.73— total liabilities, $478,-
998.73. Cost of road, $306,004.37. JOSHUA COMI.Y, President ; John S. Wise, Treasurer, Philadelphia, Pa.
NORTH PENNSYLVANIA RAILROAD.— Philadelphia to Bethlehem, Pa., 55.60: iTnnches,
30.8— total, 86.4 ; total track (.steel, 110.27), 177.7 miles. Chartered October 2, 1852 ; main line opened July 7,
1857. The Delaware River Branch, Jenkintown to middle of Delaware River, 20.50 miles, was opened January
10, 1876, and connects with the Delaware and Bound Brook RR. The North-East Penna. and the Stony
Creek RRs. were operated by N. P. RR. Co. The whole system was leased for 990 years from May 1, 1879, to
P. & R. RR. Co. Payments quarterly, beginning August 1,1879. Capital stock (par, $50), $4,556,550; funded
debt. $7,021,500— total, $11,578,050. Cost of road, equipment, real estate (£135.310 60 p. ni.), $11,405,519.98.
Funded debt as follows :
1st mortgage 7 p. c. bonds, due May 1, 1896 $1,500.000. An. charge, $105.000
General mortgage 7 p. c. bonds, due January 1. 1903 4,378,500. An. charge, 3iwi.4!»5
Six p. c. registered loans, due September 1, 1905 1,143,000. An. charge, 68,580
—total $7,021.500 ; annual charge, $480,075. Annual meeting, second Monday in Jannary. Books close for an-
nual meeting 60 days prior thereto, and remain closed a day or two. Dividends declared quarterly, on the second
Tuesdays ofFebruary, May, August, and November, and payable on the 25th of same months. Interest and divi-
dends payable at 240 South Third Street, Philadelphia, Pa. Transfer books close on day succeeding declaration
of dividends, an<t remain closed ten days. Stock and bonds listed on Philadelphia Stock Exchange. E. C.
KNIGHT, President; Jno. S. Wise, Treasurer, 240 South Third Street, Philadelphia, Pa.
OGDEN MINE RAILROAD.— Lake Hopatcong, N. J., to Ogden, N. J., 10 miles. Leased to Central
RR. of N. J. for 999 years from January 1, 1882, at a rental equivalent to 5 per cent, on the stock. Operated since
June 1, 1833, by the P. & R. RR. Co. Capital stock, $450,000. Cost of road and equipment, $452,993.92. GEORGE
RICHARDS, President, Dover, N. J.; H. H. Wilson, Treasurer and Secretary, Philadelphia, Pa.
PHILADELPHIA AND CHESTER BRANCH.-Gray's Ferry, Philadelphia to Thurlow Pa.,
14.2 ; total track, 22.7 miles. Formerly a part of the main line at the P., W., & B. RR. On a re-location of that
line in 1873, bought in the interest of the P. & R. RR. Co., at a cost of $350,000. The company has only a nomi-
nal existence.
PHILADELPHIA, GERMANTOWN AND NORRISTOWN RAILROAD.-PLiladelphia to
Norristown, Pa., 17 ; Germantown Branch, 3 ; Plymouth Branch, 9.25— total, 29.25 miles ; total track, 36.79 miles.
Chartered February 17, 1831 ; opened August 15, 1835. Leased November 10, 1870, for 999 years from December 1,
1870, to the P. & R. RR. Co. ; rental, $277,623. Dividends quarterly March, June. September and December, each
3 per cent., $269,629. Capital stock, representing cost of property, $2,246,900. W. S. WILSON, President ; W. W.
Stephens, Secretary and Treasurer, Philadelphia, Pa.
PICKERING- VALLEY RAILROAD.-Phcenixville to Byer's Station, Pa., 11.3-total track, 12.3
miles. Chartered April 3, 1869 ; leased for 29 years from September 1, 1871, to the P. & R. RR. Co.. for 30 per
cent, of gross earnings. Rental 1886, $4,241.49. Expenses and taxes, $409.85. Net earnings. $3,831. P4. Capital
stock (par, $50), $95,055 ; funded debt, 1st mortgage 7 per cent. 80-year bonds, due April 1, 1900, $332,300 ; flout-
ing debt, $440,85^.27— total liabilities, $868,807.27. Cost of road, $480,837.82 ; cash, $16.04 ; sundries, g2.603.42 ;
profit and loss, $385,349.99— total, $808,807.27. JAS. BOYD, President; John Welch, Treasurer; Howard Han-
cock. Secretary, Philadelphia, Pa.
PLYMOUTH RAILROAD.— Conshohocken to Oreland Pa., 9.25 miles. This road was leased for 999
years, from December 1, 1870, to the Philadelphia and Reading RR. Co., and is operated in connection with the
Philadelphia, Germantown and Norristown RR. by that company. Capital stock (par, $50), $12,050 ; due the
P., G. & N. RR. Co., for advances, $274,495.19— total, representing cost of road, etc., $286,545.10. WINFIELD S.
WILSON, President, Philadelphia, Pa. ; Wm. W. Stephens, Secretary and Trtt»"irr-r, Philadelphia, Pa.
SCHUYLKILL AND LEHIGH RAILROAD. -High's Farm, below Reading, to Slatin<:ton, Pa.,
44 miles. Chartered in 1870, completed in July, 1874 ; reorganized June 7, 1880. Leased April 11, 1883, for 999
years from May 1, 1883, to P. & R. RR.Co. ; rental, 4^ per cent, upon 1st mortgage bonds, and 6 per cent, upon capi-
tal stock. Under the terms of the lease the 1st mortgage was reduced from $1,000,000 to $600.000, and the interest
on the same to 4| per cent. The principal and interest on this amount are guaranteed by the lessee company,
which owns all of the stock and the second mortgage bonds, the latter having been taken in exchange for a like
amount ($400,000) of first mortgage bonds formerly owned by it. Capital stock (par, $50), $50,000 ; funded debt,
1st mortgage 4| per cent. &0 year bonds, due November 1, 1902, $000.000: 2d mortgage bonds. $400,000— total
stock and bonds, $1,050,000. Cost of road, etc., $1,0(13,800.32. JOHN N. HUTCHINSON, J'residait ; John Welch,
Treasurer ; Howard Hancock. Secretary, Philadelphia, Pa.
SCHUYLKILL VALLKY RAILROAD.— Palo Alto to Reevesville, Pa., 11 ; branches, 7.57— total
track, 28.6 miles. Chartered March 20, 1827 ; opened in 1830. Leased from July 25, 1861, for 999 years, to the P.
& R. RR. Co. ; rental 5 per cent, on the capital stock, $576,050. Cost of road, $576,840.94. AUSTIN CORBIN,
President ; P. C. Hnllis. Trr(/.*nrer, Philadelphia. Pa.
SHAMOKIN STJNBURY AND LEWISBURG RAILROAD.— Shamokin, Pa., to West Milton.
Pa., 31. 10 miles. Sidings, etc., 9.27 miles. Rail (steel, 32.29 miles). 6S Ibs. Chartered February 16, 18S2 ; road
opened in June, 1883. Leased for 999 years from July 2, 1883, to the Philadelphia and Reading RR. Co., by which
company it was built, and which received therefor the entire issue of stock and bonds. Capital stock iptir, $50),
$1.000.000 ; funded debt, 1st mortgage 5 per cent. 30-year bonds, due May 1, 1912, interest at P. & R. office. May
and November, $1,000.000 ; 2d mortgage 6 per cent. 40-year bonds, due February 1, 1924, interest February and
August, $5'.K) 000 ; unfunded debt, $160,134.44 : current accounts, $250.45— total, $2,060,384.89. Contra : Cost of
road, etc., $2.(109, 428.92 ; current accounts. §51)2.13; cash. $393.84. Annual meeting, second Monday in January.
Books close 6(1 davs prior thereto. Bonds listed on Philadelphia Stock Exchange. S. P. WOLVEBTON, Ptesident,
Sunbury, Pa. ; John Welch, Treasurer; Howard Hancock, Secretaiy, Philadelphia, Pa.
POOR'S MANUAL OF BAILROADS. 293
SOUTH BRANCH RAILKOAD.— Somerville to Flemington, N. J., 15.50 miles. Opened in 1854 ;
owned by Central Co. Dividends, 6 per cent. Capital stock, $-138,300 ; lloutlng debt, $3,.r,68.87— total, reprcw.iit-
ini; the property, $441,868.87.
TOMS BJVEE, RAILROAD.— Manchester to Toms River, 7.5 miles. Capital stock, $240,000 ; cort of
road and equipment (at foreclosure sale), $15,000. HENRY S. LITTLE. President, 119 Liberty btrec-t. New York
City.
VINELAND RAILWAY.— Atsion, N. J., to Bay Side, N. J.. 46.8 miles. Formerly the Vineland RR.,
leased to N. J. Southern, now controlled by the P. & R. RR. Co. Reorganized after foreclosure, March 30, Ib77,
with $250,000 common and $350,000 preferred stock.
Board of Managers Philadelphia and Heading ER. Co., elected January 10, 1887.
I. V. Williamson.. Philadelphia, Pa. A. J. Antelo Philadelphia, Pa. Sam. R. Shipley Philadelphia, Pn.
John Wanamaker.. Philadelphia, Pa. Peter C. Hollis Philadelphia, Pa. Thomas Cochran . . .Philadelphia, Pa.
AUSTIN CORBIN, President Philadelphia, Pa.
Treasurer— William A. Church Philadelphia, Pa. | Secretary— \f . R. Taylor Philadelphia, Pa
GEORGE DEB. KEIM, )
STEPHEN A. CALDWELJL, [• Receivers Philadelphia, Pa.
AUSTIN CORBIN, )
Secretary— Albert Foster Philadelphia, Pa.
Solicitor— A.. II. O'Brien Philadelphia, Pa.
Treasurer— W. A. Church Philadelphia, Pa. General Manager— A. A. McLeod Philadelphia Pa.
PIUNCIPAL OFFICE AND ADDUESS 227 South Fourth Street, Philadelphia, Pa.
PHILADELPHIA, NEWTOWN AND NEW YORK RAILKOAD COMPANY.
Line of Road. — Erie Avenue Junction, Philadelphia, Pa., to Newtown, Pa. ..20.9 miles.
Sidings, 2 miles. Gauge, 4 ft. 8£ in. Rail (steel, 3 miles), 56, 58 and 70 Ibs.
History. — Chartered April 2, 1860 ; road opened to Newtown, February 2, 1878. Oper-
ated since November 22, 1879, in connection with Philadelphia and Reading RR. Co.
Rolling Stock. — Leased from Philadelphia and Reading RR. Co.
Operations for year ending November 30, 1886. — Trains run (passenger, 113,707; freight,
15,554), 129,261 miles. Passengers carried, 400,309 ; carried one mile, 3,202,692. Tons of
freight moved, 42,835 ; moved one mile, 542,142. Earnings — passenger, $58,959.47 ; freight,
$18,648.77; mail, express, etc., $2,841.89— total, $80,450.13. Operating expenses, $86,628.82.
Deficit, $6,178.69 ; deficit from last year, $154,837.82— total, $161,016.51.
Financial Statement, November 30, 1886.— Capital stock (par, $50), $1,200,000 ; 1st
mortgage 6 per cent. 20-year coupon bonds, due October 1, 1897, interest (guaranteed by P.
& R. RR. Co.) April and October, $700,000 ; current accounts, $189,509.75— total, $2,089,-
509.75. Contra: Cost of road, $1,900,000; materials and fuel, $5,057.38; bills receivable,
$14,550.42 ; cash, $8,885.44 ; profit and loss, $161,016.51.
Annual meeting in May. Interest payable at 227 South Fourth St., Philadelphia, Pa.
Directors. — John N. Hutchinson, Geo. de B. Keim, William H. Rhawo, H. G. Sickel,
Smith Harper, Philadelphia, Pa.; A. H. Seipt, Skippack, Pa.; John Slingluff, J.M. Cowden,
Norristown, Pa.
JAMES BOYD, President Norristown, Pa.
Secretary and Treat.— Howard Boyd... Norristown, Pa. | Superintendent— William M. Geary. ..Philadelphia, Pa.
Auditor— Q. C. Knipe Norristown, Pa.
PRINCIPAL OFFICE AND ADDBESS 318 De Kalb Street, Norristown, Pa.
PHILADELPHIA, WILMINGTON AND BALTIMORE RAILROAD COMPANY.
Main Line of Road.— Philadelphia, Pa., to Baltimore, Md 94.99 miles.
f Brandy irine : Eastern Shore of Brandywine Creek 2.16
•R onnl J Southward : Broad St. to Del. River in Philadelphia 1.37
' 1 New Castle : Delaware Junction, Del., to Porter, Del 12.16
{Newark & Del. City RR. : Newark to Delaware City, Del.. .11.79— 27.48 miles.
(Ddaware RR. : Del. June., Del., to Delmar (Md. Line) 83.83
•t A j Townsend Br.: Massey's C. R'ds., Md., to Townsend, Del.. . 9.15
1 Smyrna Branch : Clayton to Smyrna, Del 1.27
I Seaford Branch : Seaford to State Line of Maryland 5.72— 99.97 miles.
(Delaware and Chesapeake RR. : Clayton, Del., "to Oxford; Md. . . 54.29 miles.
Phil. & Bait. Gen. RR. : West Phila. to Octoraro June 62.51
I West Chester Branch : Bait. Cen. June, to West Chester 9.36
Operated : •{ Chester Creek RR. : Lamokin to West Chester Junction 6.62— 78.49 miles.
'Queen Anne & Kent RR. : Massey's C. R. to Centreville, Md 25.86 miles.
Cambridge & Seaford RR. : Cambridge, Md., to Oak Grove 27.25 miles.
Del., Maryl'd & Va. RR. : Harrington to Franklin, and branches. 97.62 miles.
Total, October 31, 1886 (owned, 122.47 ; leased, 99.97 ; operated, 283.51). . . .505.95 miles.
294 POOR'S MANUAL — PHILADELPHIA, WILMINGTON AND BALTIMORE RR. co.
2d track, 93.12 m. Sidings (company's, 77.07 ; priv., 20.58), 97,65 m. Total track, 292.G6 miles.
Gauge, 4 ft. 9 in. Rail (steel, on lines owned, about 200 miles), 54 to G7 Ibs.
History. — Consolidation, February 5, 1838, of the Philadelphia and Delaware County,
chartered in Pennsylvania April 2, 1831 ; the Wilmington and Susquehanna, chartered in
Delaware January 18, 1832 ; the Delaware and Maryland, chartered in Maryland March 14,
1832 ; and the Baltimore and the Port Deposit, chartered March 7, 1832. The line was com-
pleted in July, 1837 ; the viaduct over the SchuylMll in 1838. The whole cost at the close
of 1838 was $4,185,511.
The New Castle Branch forms a link between the main line and the Delaware Railroad.
It originally consisted of two lines, the New Castle and Frenchtown, chartered February 7,
1829, and road opened in 1832, and the New Castle and Wilmington, chartered Febiuary 19,
1839, and road opened in 18-54. Both these roads were purchased by the P., W. & B. RR. Co.
(the N. C. & F. in 1840. the N. C. & W. in 1876), but were operated separately up to the close
of 1875-6. The Delaware Railroad is operated under lease to terminate May 4, 1807. The
Queen Anne and Kent, the Delaware and Chesapeake, the Philadelphia and Baltimore Central,
and the Cambridge and Seaford Railroads are operated by this company as their agent. In
1881 the Pennsylvania RR. Co. purchased a controlling interest in the Philadelphia, Wilming-
ton and Baltimore RR. Co. Late in the same year the Philadelphia, Wilmington and Balti-
more RR. Co. purchased all that portion of the Newark and Delaware City RR. which lies
southerly of its main line, for $50,000, and that road is now operated as its Newark and Dela-
ware City Branch.
In 1883 the Dorchester and Delaware RR. was purchased at foreclosure sale and reorgan-
ized under the name of the Cambridge and Seaford. It is now operated in connection with
the Delaware Division. The lines are operated by divisions, as follows : Main line, Brandy-
wine Branch, New Castle Branches and Newark and Delaware City RR. , comprising the
Maryland Division; Delaware RR., Queen Anne and Kent RR., Delaware and Chesapeake
Ry., Delaware, Maryland and Virginia RR., and Cambridge and Seaford RR., comprising the
Delaware Division ; and the Philadelphia and Baltimore Centra] RR., operated as the Central
Division. The Port Deposit Branch was leased May 1, 1882, to the Columbia and Port De-
posit RR. Co.
Boiling Stock, October 31, 1886.— Locomotive engines (P., W. & B. 112 ; P. & B. C.,23),
135. Cars as follows :
Pass. B.,M.&Ex. Box. Stock. Gondola. Cabin. Platform. Lime. Service. Total.
P.,W &B. RR. 150 51 1,063 6 253 38 258 52 261 2.132
P. & B. C. RR.. 39 7 93 6 59 5 26 .. 59 294
Total 189 58 1,156 12 312 43 284 52 320 2,426
Net earnings entire system (31.02 per cent.), $1,862,630.87. Add : Profit from Delaware
Railroad lease, $70,547.32; rents, $1,175.75 ; interest on investments, $75,830.75 — total, $2,-
010,184.69. Payments : Interest on bonds, $200,000 ; interest on mortgages, etc., $12,65)6.78;
rentals leased roads, $367,650.69 ; State taxes on stock (Penna.), $7,697.54 ; taxes State of
Delaware, $40,000— total, $628,045.01. Net income applicable to dividends, $1,382,139.68.
From which deduct two (2) dividends, Nos. 78 and 79, of 4 per cent, each (paid July, 1886,
and January, 1887), $945,548. Surplus over dividends, $436,591.68. Deduct advances to
Delaware and Chesapeake Ry., $16,040 ; outlay not properly chargeable to expenses, $132,-
017.86 ; loss in operations of steamer " Canton," $908.87— -total, $148.966.73. Surplus for the
year, $287,624.95.
General Balance Sheet, October 31, 1886.
Construction and Equipment $13,745,256 25 | Capital Stock §11,819,550 00
Real Estate 364,245 90 | Bonded Debt 3,500,000 00
Stocks and Bonds Owned 1,716,331 43 ! Ground Rents 76,C60 66
Trustees' Sinking Fund 296,000 00 | Sundry Accounts, Pay Rolls, etc 703,518 22
Accounts Receivable and Balances Due .. 561,683 69
Materials and Fuel 383,84852
Cash in Hands of Treasurer and Agents . . 969,755 61
Total Assets $18,037,121 40
Ten-Year Notes, due 1887 60,000 00
Dividends and Interest Unpaid 476,394 08
Delaware RR. Lease 43,705 43
Profit and Loss 1.357,487 09
Total Liabilities §18,037,121 40
POOR'S MANUAL— PHILADELPHIA, WILMINGTON AND BALTIMORE RR. CO. 295
Operations by divisions for the year ending October 31, 1886 :
Maryland
Division.
Central
Division.
DELAWARE DIVISION.
Total.
Delaware
RR.
Delaware
& Chesa-
peake Ry.
Queen
Anne &
Kent RR.
Delaware
Md.& Va.
RR.
Cambr'ge
& Seaford
RR.
Miles of Railroad
123.47
1,421,908
1,309,897
41,850
2,773,655
4,116.679
102.746,988
2,299,135
93,635,901
$
2,339,207 46
1,710,696 12
95,946 72
112,158 09
39,282 46
78.49
479,740
136,604
10,230
626,574
2,208,421
23,a38,483
341,304
6,843,420
$
465,491 42
291,589 82
8,248 28
11,777 57
99.97
54.29
2586
97.62
27.25
506.95
2,379,808
1,907,342
70,350
< 357,500
t6,442,713
139,264,639
t2,209,999
129,192,701
$
3,126,084 89
2,567,605 53
129,261 61
141,832 91
39,979 4«
Passenger Train Miles
Freight Train Miles
4^8,160
460,841
18,270
957,271
Other Train Miles
Total Train Mileage
Passengers Carried
375.814
9,262,546
479,088
24,033,488
$
233,009 76
409,170 48
13,562 29
15,299 14
69700
58,635
1,083,205
41,128
1,065,904
$
28,516 30
34,477 54
3,459 84
1,045 11
29,094
346,402
30,245
419,636
8
10,793 77
14,871 33
1,422 24
30272
87,773
1,717,517
83,479
3,029,919
$
41,39699
101,41509
5,195 49
1,04983
18,238
269.49S
8,894
164,403
s
7,669 19
5,385 15
1,426 75
20045
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles . . .
Earnings— Passenger ..
Freight
Mails.
Express
Rents
Total
4,297,290 85
453,664 72
723,990 42
278,886 95
1,120,973 81
51,117 12
777,107 09
140,989 16
174,800 21
54,042 92
232.052 58
9,093 13
671,738 67
120.359 50
156,273 17
42,704 74
209,417 86
8,328 11
67,498 79
51,406 16
22,254 95
5,879 15
32,174 00
954 7<i
27,39u06
17,846 39
8,44877
3,188 49
13,393 32
1,08240
149,057 40
72.031 46
40,647 62
7,465 68
56,254 35
27550
14,681 54
15,036 94
4,827 36
1,44334
10,692 68
135 81
6,004,764 40
871,334 33
1.131,242 50
393,611 27
1,674,958 60
70,986 83
Expenses — Main, of Way.
Motive Power.
Main, of Cars.
Transp'tation.
General
Total
2,628,633 02
1,668,657 83
35,088 51
21,463 49
13,625 02
61. 17 p. c.
2.250 c.
1.346 c.
0.904 c.
1.809 c.
1.330 c.
0.479 c.
610,978 00
166,129 09
9,900 71
7,784 15
2,116 56
78.62 p. c.
1.846 c.
1.686 c.
0.160 c.
4.186 c.
3.054 c.
1.132 c.
537,083 38
134,655 29
6,71940
5,372 44
1,34696
79.95 p. c.
2.S08 c.
2.570 c.
L 0.062 c.
1.696 c.
1.244 c.
0.452 C.
112,669 02
L45,170 23
1,24330
2,075 32
L 832 02
166.92 p.c.
2.624 c.
5.403 C.
L 2.779 c.
3.212 c.
5.080 c.
L 1.868 c.
43,959 37
L16,569 31
1,059 16
1,699 90
L 64074
160.49 p.c.
3.110 c.
6.449 C.
L 3.339 C
3.345 c.
5.152 c.
L 1.807 c.
176,674 61
L27.617 21
1,526 91
1,80982
L 282 91
118.53 p.c.
2.402 c.
4.062 c.
L 1.660 c.
3.290 c.
3.528 c.
L 0.233 c.
32,136 13
L17,454 59
53877
1,179 31
L 64054
218.86 p.c.
2.843 c.
5.667 c.
L 2.824 c.
3.276 c.
10.258 c.
L 6,982 c.
4,142,133 53
1,862,63087
11,80330
8,186 84
3,681 46
68.98 p. C.
2.206 c.
1.572C.
0.634 c.
1.107 C.
1.512 C.
0.455 C.
Net Earnings
Gross Earnings per Mile. .
Operating Expenses p. M.
Net Earnings per Mile
Expenses to Earnings ...
Av. Rate p. Pass. p. Mile.
Av. Cost p. Pass. p. Mile.
Av.'Proflt p. Pass. p. Mile.
Av. Rate p. Ton p. Mile..
Av. Cost p. Ton. p. Mile.
Av. Profit p. Ton p. Mile.
t The statements of passengers and tons of freight moved are giv^n as they appear in the company's report.
It will be observed that the total of the numbers credited to each division is in excess of the number given in the
" Total " column. This is probably due to transfer passengers and freight being credited in full to each division
over which they passed. The mileage of passengers and freight, and .the total number of each moved, given in
" Total " column, are correct.
The funded debt consists of the following issues :
Registered 6 per cent. 20-year bonds, due April 1, 1887, interest A. & O $1,000,000
Registered 6 per cent. 20-year bonds, due October 1, 1892, interest A. & 0
Sinking fund 6 per cent. 25-year bonds, due April 1, 1900, interest A. & 0
Sinking fund 5 per cent. 30-year bonds, due June 1, 1910, interest J. & D 1,000,000
Aggregate interest, $200,000. Ground rents call for 6 per cent.
Stocks and bonds owned October 31, 1886, were as follows :
STOCKS.
Shares. Par.
Cambridge & Seaford RR. Co ... 10,000 $50
Delaware RR. Co 24,258 25
Junction RR. Co 1,731 50
Peach Bottom RR. Co 242 50
Phila. & Bait. Central RR. Co. ... 49,909 50
Queen Anne and Kent RR. Co. ... 6,590 25
Delaware and Chesapeake Ry 24,000 25
Par
Value.
$500,000
606,450
86,550
12,100
2,495,450
164,750
600,000
No. of Par
BONDS. Bonds. Par. Value.
Dela. and Chesapeake Ry. 50 $1,000 $50,000
P. B. RR. Co. 1st m. 5 p. c .... 5 500 I j2)700
P. B. RR. Co. 1st m. 5 p. c. ... 2 100 f
P. B. RR. Co. reg. inc. 5 p. c . . 16 500 8,000
Par value of stocks $4,465,300
Par value of bonds .'.. 60,700- 4,526,000
Value as per general account 1,716.33143
Income received from securities during year was aa follows : Delaware RR. Co. stock,
$35,865.75; Junction RR. Co. stock, $25,965 ; Delaware and Chesapeake Ry. bonds, $2,000;
other sources, $12,000— total, $75,830.75.
296 POOR'S MANUAL — PHILADELPHIA, WILMINGTON AND BALTIMORE RR. co.
Profit and Loss Account, ior year ending October 31, 1886. — Surplus for year, as above,
$287,624.95 ; balance to credit of profit and loss, November 1, 1885, $1,869,985.07— total, $1,-
657,61002. Contra: Reduction in value of pecuritica, $74,998; depreciation in sundry
accounts, $225,124.93— total, $300,122.93. Balance to credit of profit and loss, November 1,
1886, $1,357,487.09.
Statement of operations of tbe P., W. & B. RR. proper for three years, 1879-1881, and of
the P., W. & B. RR., with leased and operated lines, for 1882-1884; also the capital account
of the P., W. & B. RR, Co. for eight years, 1879-1886 :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated
Passenger Train Miles
Freight Train Miles. . . .
112.18
909,708
756,566
2,371,114
62,102,597
1,095,142
58,146,546
$
1,541,050
1,176,081
182,789
112.18
1,049,359
840,431
2,801,964
71,673,562
1,222,694
67,361,041
$
1,767,219
1,339,369
156,522
112.18
1,328,722
1,043,823
3,001,928
80,794,160
1,340.957
72,503,794
8
1,903,476
1.433,855
214,550
373.45
1,903,190
1,664.396
4.544,053
111,260,315
1,703,215
93,095,280
$
2,757,712
2,398,438
271,942
407.12
2,049,231
1,823,615
4,612.243
111.634.453
2,024.227
111,977,216
$
2,795,699
2,041,805
304,168
409.21
2.100.591
1,847.131
5.270:500
121,025,885
2,001,543
112,961,695
2,939,103
2,566,583
314,637
440.86
2,229,307
1.779,737
5,73(1.215
128.561,950
1.961,198
111,577,401
$
2,986.263
2.381,222
311,103
505.95
2,379,808
1.907,342
6,14-'.713
139,264.639
2.2i»9.9'.i9
129,192,701
S
3,126,085
2,567,606
311,073
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Passengers
Freight
Miscellaneous
Gross Earnings
2,849,920
1,567,742
3,263,111
1,896,887
3,551,881
2,320,799
5,428,092
3,676,494
5,741,672
4,0)5,775
5,820,323
3,965,145
5,678,588
3,889,772
6,004,764
4,142,133
Expenses and Taxes
Net Earning?
1,282,178
2,169
1,366,223
1,231,081
1,751,598
48,320
54,939
1,675,897
54,016
55,332
1,855,178
60,682
72,814
1,788,816
62,501
59,873
1,862,631
70,547
77,007
Profit Del. RR. Lease
Miscellaneous Receipts.
Available Revenue
1,284,347
1,366,223
1,894
131,246
926,080
1,231,081
856
99,720
935,512
1,854,856
1,785,245
1,988,674
1,911,190
2,010,185
Delaware RR. Lease (loss) .
Interest (balance)
113,107
925,600
193,455
943,604
331,417
54,367
224,821
943,604
285,329
185,324
216,029
945,008
331,338
71,104
211,099
945,548
386,634
116,406
212,697
945,548
367,651
196,664
Dividends (8 per cent.)
Lease Rentals
Other Disbursements
150,000
95,640
25,403 99
13,123 36
12,28063
51.69 p. c.
2.48 c.
2.02 C.
112.18
261 .26
194.58
80
145*
19
46
1,221
$
11,572,750
253,500
1,000,000
700,000
800,000
150,000
158,897
29,088 17
16,140 03
12,948 14
55.55 p. c.
2.47 c.
1.99c.
112.18
262.04
200.66
78
189*
22
46
1,302*
$
11.585,750
240,500
1,000,000
700,000
800,000
1,000,000
134,917
260,000
73,254
74,902
199,664
756,244
100,000
7&,849
31,662 33
19,848 42
11,813 91
62.69 p. C.
2.36 c.
1.98c.
112.18
262.04
200.66
87
143
25*
52
1,275*
$
11,795,000
31,500
1,000,000
700,000
800,000
•1, 000,000
134.917
410,000
194.628
80.022
175,076
1,165,817
Balance Credit Income . . .
Gross Earnings per Mile..
Gross Expenses per Mile. .
Net Earnings per Mile ....
Expenses to Earnings
Aver. Rate p. Pass. p. Mile
Aver. Rate p. Ton p. Mile.
Miles of Railroad
332,013
14.53499
9,84468
4,690 31
67.73 p. c.
2.395 c.
2.482 c.
129.63
282.04
288.00
96
150
146,167
14,103 14
9,986 67
4,116 47
70.81 p. c.
2.441 c.
2.312 c.
126.25
293.25
196.51
103
150
425,115
14,223 21
9,692 20
4,531 11
68.14 p. c.
2.377 c.
2.235 c.
126.25
293.82
251,503
12,880 71
8,823 15
4,057 56
68.50 p. c.
2.278 c.
2.110 C.
126.25
295.68
287,625
11,86830
8,18684
3,681 46
68.98 p. C.
2.206 C.
1.967 c.
122.47
313.24
Miles of Track
Miles of Steel Rail
Locomotive Engines
105
150
105
150
112
150
Passenger ( = 8-wh.) Cars.
Combination (=8-wh.) Cars
Bge,M.& Exp. (=8-w.)Car*
Freight ( = 8- wheel) Cars..
Capital Stock
51
1,345
$
11,795,000
31,500
1,000,000
700,000
800,000
1,000.000
134,917
60,000
565,100
51,710
51
1,448
S
11,794,850
3i,ryio
1,000,000
700,000
800,000
1,000,000
134,917
60,000
57M,105
50,301
51
1,551
$
11,818,350
1,000
1,000,000
700,000
800,000
1,COO,000
76,667
60,000
547,439
520,329
51
1,551
S
11,819,350
51
1,670
S
11,819,350
Mortgage Loan of 1884
Bonds Due in 1887
1,000,000
700,000
800,000
1,000,000
76,667
60,000
593.978
520J708
1,000,000
700,000
800,000
1,000,000
76,667
60.000
703,518
52i i,099
Bonds Due in 1892
Bonds Due in 1900 ...
Bonds Due in 1910
Ground Rents & Mortgages
Bills and Long Notes
134,917
160,000
88,400
50,871
147,377
738,690
Current Balances
Interest, Rental, Dividends
Renewal Fund
Income Balance
1,465,585
1,506,703
1,299,469
1,369,985
1,357,487
Total Liabilities
15,646,505
13,052,892
376,215
1,020,458
18.758
55,137
906,481
64,000
25,88fi
226,679
16,825,231
13,213,590
375,804
2,440,205
18,758
238,091
242,205
80,000
2,463
214,314
17,487,010
13,486,786
372,740
2,758,593
18,758
17,603,862
13,745,256
391,601
2,071,872
17,656,375
13,745,256
377,850
1,990,321
17,823,254
13,745,256
377,454
1,904,116
17,940,688
13,745,256
378,133
1,777,319
18,037,121
13,745,256
364,246
1,716,331
Railroad and Equipment..
Real Estate
Stocks and Bonds . ...
Woodlands in Virginia
Advances to Other Lines. .
Materials and Supplies....
Trustees Sinking Funds...
Accounts Current
245.104
116,000
324,621
152,000
323,806
188,000
378,190
224,000
374.000
260,000
3^,849
296,000
Cash and Other Assets
Total Assets
489,028
918,512
1,031,142
1,194,233
1,405,953
1,531,439
15,646,505
16,825,231
17,487,009
17,603,862
17,656,375
17,823,254
17,940,688
18,037,121
POOR'S MANUAL OF BAILROADS.
297
Annual meeting, second Monday in January. Books are not closed for annual meeting,
but stock must be owned three months to entitle holder to vote. Books close for dividends
fifteen days prior to payment of same. Stock listed on the Exchanges at Philadelphia and
Boston.
Hands of Trustees.
Trustees of Bonds of 1910—
$14,600 B. & Mo. Kiv. in Neb., non-exempt 6
per cent, bonds $15,552 51
$500 A., T. & St. Fe 7 per cent. 1st mortgage
bond? 620 C2
$45,000 N. Centl. Ry. Co. 2d genera) mortgage
5 per cent, bonds 4286500
$2,000 Pa. Car Trust, Series E, 5 per cent.... 2,000 00
$27,000 Pa. Car Trust, Series H, 5 per cent. . . . ,"4,000 00
$22,000 Pa. Car Tmst, Series T, 5 per cent St?,000 00
$4.000 P. W. & B. Stock Trust Cert., 4 p. c.. 3.78000
$21.000 Pa. Equip. Trust, Series A, 4 per cent. 21,000 00
Cash on Depot-it 234 21
Securities, etc., in
Trustees of Bonds of 1900—
$85,000 P., W. & B. 6s of 1900 $90,482 50
$3.200 B. &Mo. R.,Neb., 6s.,lS03 3,48100
$13,600 B. & Mo. R., Neb., 6s., non-exempt. . 14,371 63
$3,000 A., T. & St. Fe, "Dutch Stamp" 1st
mortgage, 7s., of 1899 3,667 50
: 11.500 A., T. & St. Fe, 1st mtg., 7s., of 1899.. 1,861 88
142,000 N. Centl. 2d gen. mtg., 5s., of 1926. . . . 39,990 00
! 13,000 Del. & Ches. 1st mtg., 4s., of 1912 2,550 00
i 14,000 Pa. Car Trust, Series E, 5 per cent. . . . 4,000 00
! i!9,000 Pa. Car Trust, Series G, 5 per cent. . . . 19,000 00
15,000 Pa. Car Trust, Series II, 5 per cent 5,00000
i i51,000 Pa. Car Trust, Series I, 5 per cent 51 ,000 00
! 12,000 W. Pa., 1st mtg. Main line, 6s, 1893... 2.14500
$3.000 Pa. Equip. Trust, Series A, 4 per cent. 3,000 00
Cash on Deposit 470 49
Total ....$241,020 00 Total $137,052 34
Sinking Fund, year ending October 31, 1886.— Bonds 0/1900 : Receipts for year ending
October 81, 1886, $28,113.09; balance from last year, $496.17— total, $28,609.26. Expendi-
tures, $28,138.77. Balance, October 31, 1886, $470.49. Bonds of 1910 : Receipts, $25,8o3.47;
balance from last year, $439.08— total, $26,292.55. Expenditures, $26,058.34. Balance,
October 31, 1886, $234.21.
Dividends paid by the Phila., Wil. & Bait. RR. Co. since its organization :
"We- ™c.
1868to I *
1886iucf1W
Date, ^g6
1838, 4 '
1839, ?i
1840, 7
Date-P*ace
1841, 6
1849, 3
1850, 3*
Date. J^6
1851, 3*
1852, 4
1853, 5
Date'?.t
1855, *12
1856, 2
1857, 4
^•Tc6
ia58, 5
1859, 6
1860, 6i
Date. ^a^.e
1861, 6*'
1862, 9
1863, 10
D^-P^C6
1863, *9
18'4, 10
1864,* 10
Date.™*
1865, 10
1866, 5
1867, 9
Scrip.
t 8 per cent, annually.
RAILROADS LEASED ou OWNED BY THE P., W. & B. RR. Co.
CAMBRIDGE AND SEAFORD RAILROAD.— Oak Grove, Md., to Cambridge. Md., 27.25 miles.
Sidings, 0.73 mile. Chartered as Dorchester ami Delaware RR. Co., February 6, 1866. Sold under foreclosure and
purchased by P., W. & B. RR. Co., and reorganized under present name June 1, 1883. Receipts. 1886, §14,681.54 ;
expenses and taxes, $32,136.13 ; deficit, $17,454.59. Deduct receipts from rents, $701— net deficit, $16,753.59.
Capital stock (par. $50), $500,000 : due lessees, $27,861.40— total, $527,861.40. Cost of road, etc., $500,000 ; profit
and loss, $27,861.40. ISAAC HINCKLEY, President ; Robert Craven, Sec. and Treas., Philadelphia, Pa.
CHESTER CREEK RAILROAD.— Lamokin to Lenni, 6.62 miles. Total track (steel, 7.25 tnilert,
9.15 miles. Gauge. 4 ft. 9 in. Rail, 50 to 58 Iba. Leased to the Philadelphia and Baltimore Central RR. for 999
years from January 13, 1868, at an annual rental Of $22,200, being 6 percent, on $185,000 bonds, and 6 percent,
dividends (payable semi-annually January and July) on $185,000 stock. Total capital stock (par, $50), $272,100,
of which the lessee received for betterments, $87,100, but on which amount no dividends are paid. The $185,000
bonds bear interest at 6 per cent., payable January and July, and mature on the 1st of January, 1903. Cost of
road, etc., $457,100. S. M. FELTON, President; William Ward, Secretary ; Robert Craven, Treasurer, Philadel-
phia, Pa.
DELAWARE RAILROAD.— Delaware Junction, Del., to Dclmar (Md. Line), 83.83 miles ; Tmt'nsend
Branch : Massey's Cross Roads, Md., to Townsend, Del., 9.15 miles ; Smyrna Branch : Clayton to Smyrna. Del.,
1.27 miles ; Dorchester Branch : Seaford to State Line of Maryland, 5.72 miles— total length of all lines owned,
99.9~ miles. Sidings, 18.10 miles. Gauge, 4 ft. 9 in. R.-iil (steel. 45 miles), 60 Ibs. Chartered June 20, 1836 ;
charter revised February 22, 1849 ; road completed in 1860. Leased from 1855 to P., W. & B. RR. Co. for 21
years ; lease extended from 1876 for another term of 21 yeers. Rental, 30 per cent, of gross earnings, the lessees
to i>ay 6 per cent, dividends on stock, and other interest-bearing indebtedness of the road. A branch from Dover
virtMilford to Rehoboth Beach is projected. Not earnings for year ending October 31. 1886 (seep. 295), $134. ().">.">.•,'!'.
Add amount advanced by lessee in order to make expenses 70 per cent, as per contract, J66.8C6.31 — actual nut
earnings, $201,521.60. Interest on bonds and dividends on stock, paid by lessee, $130,974.28. Surplus, $70.547.32,
of which one-fourth has been paid to lessee as its proportion of profit and three-fourths applied to the reduction
of lessee's claim for previous losses. Dividends January and July. Statement of revenue for eight years :
1879 1880 1881 1882 1883
Gross Earnings $448.863 $426,265 $428,747 $595,079 $614,607
Net Earnings (30 per cent.). 134,509 127,879 128,624 178,524 184,382
Interest and Dividends Paid. 132,339 129.774 129,480 130,204 130,366
General Balance Sheet, January 1, 1887.
1884
$687.573
191,272
130,590
1885 1886
£644,117 $671.739
193.235 201.522
130,734 130,974
Railroad $1,817,558 32
Smyrna Branch RR 33,847 14
Dorchester Branch RR 109.993 75
Townsend Branch RR 223,641 00— $2,183,040 47
Sundries 2.29397
Cash and Cash Items .... 47,581 84
Capital Stock (par, $25) $1,!;37,038 98
Funded Debt 650,000 CO
Interest on Bonds and Loans 19,590 00
Phil., Wil. &Balt. RR. Co 531 TO
Dividends 26,666 55
Expenses 1,08915
Total Assets ... ... $2,234,916 28 Total Liabilities $2,234,916 28
298
POOR S MANUAL OP RAILROADS.
The company hap paid regular semi-annual cash dividends of 3 per cent, each, from July 1, 1857, to January
1837, with the following exceptions, when stock dividends were paid : July 1, 1857 ; January and July, 1858 ;
January 1, 1859 : July, 1862, and January, 1863.
The funded debt consists of 6 per cent. 20-year convertible mortgage bonds, due July 1, 1895, interest payable
Janunry and July, by Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa. Mrec/ors (elected January
13, 1887).— Samuel M. Felton, Isaac Hinckley, Edmund Smith, Philadelphia, Pa. ; Christian Fehigcr, George Gray,
Charles Warner, Wilmington, Del.; Manlove Hayes, Joseph R. Whitaker, Dover, Del.; H. B. Fiddeman, Milford,
Del.; Alexander Johnson, Farmington, Del.; Jarnes J. Ross, Seaford, Del.; Albert Currey, Greenwood, Del.; J.
Turpin Moore, Laurel, Del. SAMUEL M. FELTON, President, Philadelphia, Pa.; Manlove Hayes, Secretary and
Treasurer, Dover, Del. CORPORATE OFFICE, Dover, Del.
DELAWARE AND CHESAPEAKE RAILROAD.— Clayton, Del., to Oxford, Md., 54.60 miles ;
sidings. 3.75 miles. Gauge, 4 ft. 9 in. Rail, 45 to 60 Ibs. Chartered May 10, 1854, as the Maryland and Delaware
Co., and completed in 1857. Sold under foreclosure December 20, 1877, for $94,200, and bought in for first bond-
holders, who reorganized under present name July 31, 1878. In 1882, the Philadelphia, Wilmington and Baltimore
RR. Co. acquired the entire capital stock of this company, and now operates the line as agent for the company,
guaranteeing the principal and interest on its bonds. Gross earning-", 1886 (see pane 295). $67,498.79 : operating
expenses. $112,669.03 ; deficit, $45,170.23. Interest on bonds, paid by P., W. & B. RR. Co., $16,000. Total deficit
($61,170.23, less rents received, $175), $60,995.23. Capital stock (par, $25), $600,000 ; funded debt (4 per cent.
30-year bonds, due 1912), $400,000; due iessee, $97,583.30— total, $1,097.583.30. Contra: Cost of road. $999,-
402.80 ; real estate, $3,500 ; profit and loss, $94,680.59. Directors : Isaac Hinckley, Edward Lloyd, S. M. Felton.
Wistar Morris, Edmund Smith, John P. Green, Philadelphia, Pa. ; James P. Groome, Elkton. Md.; Samuel
Wetherell, Sr., Oxford, Md. ; David J. Cummins, Smyrna, Del. ISAAC HINCKLEY, President; Robert Craven,
Secretary and Treasurer, Philadelphia, Pa.
DELAWARE, MARYLAND AND VIRGINIA RAILROAD.— Harrington to Rehoboth,
Del., 43.64 miles ; Georgetown, Del., to Franklin City, Va., 53.96 miles— total, 97.60 miles. Sidings, 12.58 miles.
Gauge, 4 ft. g| in. Consolidation, June 1, 1883, of the" Junction and Breakwater (chartered in 1857 ; cpened— main
line, September 7, 1859; Rehoboth Branch in 1878), the Breakwater and Frankford (chartered March 8, 1871 ; road
opened in Is73), and the Worcester RR. of Maryland.
Rolling Stock.— Locomotive engines, 7. Cars — passenger, etc., 14; freight (box, 68 ; stock, 2; gondola, 9 ;
platform, 51), 130— total, 144. Also 38 hand cars and trucks.
Incnmetor year ending October 31, 1886.— Gross earnings, $149,057.40; expenses, $176,674.61 ; deficit, $27,-
617.21. Interest on funded debt, $50,000. Total deficit ($77.617.21, less rents received, $299.75), $77,317.46.
Financial Statement, December 31, 1884.— Capital stock (par, $25), $530,425 ; funded debt, $1,250,000— total
stock and bonds, representing cost of road and equipment, $1,780,425.
Funded debt consisted, December 31, 1884, of
1st mortgagJ J. & B. RR. 4 p. c. 30-year registered bonds, due 1890, interest January and July $400.000
2d mortgage J. & B. RR. 4 p. c. 20-year coupon bonds, due 1899, interest February and August 250,000
1st mortgage B. & F. RR. 4 p. c. 25-year registered bonds, due 1898, interest January and July 200,000
1st mortgage Worcester RR. 4 p. c. coupon bonds, due 1896, interest April and October 400.000
The 1st mortgage J. & B. RR. and 1st mortgage B. & F. RR. bonds are held by the State of Delaware. Trus-
tees of 2d mortgage J. & B. RR. and 1st mortgage Worcester RR. bonds Farmers' Loan and Trust Co., New York
City. No trustees for other bonds. Annual meeting last Wednesday in May.
PHILADELPHIA AND BALTIMORE CENTRAL RAILROAD.-West Philadelphia, Pa.,
to Octoraro Junction, Md., 62.51 miles. West Chester Branch: Wawa Junction to West Chester, 9.36 miles.
Leased : Chester Creek RR. : Lenni to Lamokin, 6.62 miles. Total, 78.49 miles. Second track, 3.2 ; sidings. 23.66
miles. Gauge, 4 ft, 8i in. Rail (steel, 59 miles), 52i and 58 Ibs. A consolidation (October 31, 1881) of the Phila-
delphia and Baltimore Central and the West Chester and Philadelphia RR. Companies. The former was a con-
solidation, June 25, 1854, of the Baltimore and Philadelphia (chartered in Maryland, May 28, 1852). and the Phila-
delphia and Baltimore Central (chartered in Pennsylvania. April 6. 1854). The road extended from West Chester
Junction. Pa., to Octoraro Junction, Md.. 46 miles, and was opened throughout in 1869. The West Chester and
Philadelphia RR. Co. was chartered April 11, 1848 ; road opened from Philadelphia to Media in 1854, and to West
Chester (26.30 miles) in l(-58. The consolidated road is controlled by the Philadelphia, Wilmington and Baltimore
RR. Co., and is operated under a contract which provides for the payment of net earnings to P. and B. C. RR. Co.
The company owns 23 locomotives. 39 passenger, 7 baggage, mail and express, 184 freight, 4 caboose, 10 road, and
49 hand cars. Receipts, 1886 : Net earnings, $166,129.09 ; interest, $5,937.18 ; rents, $1,745.18— total, $187,736.55.
Payments: Rental Ch-ster Creek RR., $22,755; taxes, $1.871.74 ; interest on bonds, $127.000; other payments,
$1,325.64— total, $152,952.38. Surplus, $20,859.07. Capital stock (par, $50), $2,495,650; funded debt, $2,100,000;
other liabilities, $96,404.31— total, $4,692,054.31. Contra : Construction, equipment, and real estate, $4,510.334.99 ;
cash and cash assets, $13.5,174.56 ; profit and loss, $46,544.76. The funded debt consists of 7 percent. 20-year gen-
eral mortgage bonds (W. C. & P. RR.). due April 1, 1891, interest April and October, $1,100.000 ; consolidated
mortgage (P. & B. C. RR.). 5 per cent. 30-year bonds, due November 1, 1911, interest May and November. $l.ixio,-
000. 'The consolidated mortgage ($2,500,000 authorized) is to coverall outstanding funded and floating debt of old
companies. The company guarantees the Chester Creek RR. Company's 6 per cents of 1868-1903, amounting to
$185,000, and 6 per cent, dividends on a like amount of the stock. Directors : Isaac Hinckley, Edmund Smith,
N. Parker Shortridge, Philadelphia, Pa. ; David Woelpper, Chad's Ford, Pa. ; Samuel R. Dickey, Oxford, Pa.;
M. B. Hicktnan, West Chester, Pa. ISAAC HINCKLEY, President ; Bobert Craven, Secretary and Treasurer, Phil-
adelphia, Pa.
aUEEN ANNE AND KENT RAILROAD.-Massey's Cross Roads, Md., to Centreville, Md., 25.86
miles ; sidings, 1.24 miles. Gauge, 4 ft. 9 in. Rail, 50 Ibs. Chartered March 8, 1856 ; road opened in August. 1869.
Sold under foreclosure and reorganized in 1876. On the 1st of October, 1881, the road was attached to the .Mary-
land Division of the Philadelphia, Wilmington and Baltimore RR. Co., which owns a majority (52 per cent.) of its
capital stock, and operates the road as agent. The company owns 2 locomotive engines. Capital stock, $314,-
834.64 ; due other roads, $66,780.25— total, $381,620.89. Contra : Construction and equipment ($13.019.88 per mile).
$338.516.99 ; profit and loss, §43,103.90. B. T. BIGGS, President, Middletown, Del. ; Robert Craven, Treasurer and
Secretary, P., W. & B. RR. Co., Philadelphia, Pa.
Board of Directors P., W. & B. RR. Co., elected Janunry 10, 1887.
Samuel M. Felton .. ..Thurlow, Pa.
William Sellers Philadelphia, Pa.
Isaac Hinckley Philadelphia, Pa.
Christian Febiger.. Wilmington, Del.
Charles Warner Wilmington, Del.
Benj. F. Newcomer.. Baltimore, Md. ' Edmund Smith... Philadelphia, Pa.
Jacob Tome Port Deposit, Md. John P. Green Philadelphia, Pa.
George B. Roberts. Philadelphia, I'a. Wistar Morris Philadelphia, Pa.
Frank Thomson... Philadelphia, Pa. Skipwith Wilmer ....Baltimore, Md.
J. N. DuBurry Philadelphia, Pa. ; Edward Lloyd Tunis Mills, Md.
ISAAC HINCKLEY, President Philadelphia, Pa.
Vice-President— Frank Thomson Philadelphia, Pa. | Secretary and Treaa.— Robert Craven. .Ridley Park, Pa.
PRINCIPAL OFFICE AND ADDRESS 233 South Fourth St., Philadelphia, Pa.
POOR'S MANUAL OF RAILROADS. 299
PINE CREEK RAILWAY COMPANY.
Line of Road. — Stokesdale Junction, Pa., to Newbury Junction, Pa 74.8 miles.
Siding?, 16 miles. Gauge, 4 ft. 8| in. Kail (steel, 90.8 miles), 60 Ibs.
History. — Chartered as Jersey Shore, Pine Creek and Buffalo Ry. Co., February 17, 1870;
road opened July 1, 1883. Present name adopted in 1884. Leased to Fall Brook Coal Co.
The bonds of this company are guaranteed by the Corning-, Cowanesque and Antrim, the
Philadelphia and Reading and the New York Central and Hudson River RR. Companies.
(See MANUAL for 1884, page 318.)
Rolling Slock, furnished by Fall Brook Coal Company, and included in equipment on
page 135. Locomotive engines, 56. Cars— passenger, 19 ; baggage, mail and express, 7 ;
freight (8-wheel, 1,298 ; 4-wheel, 786), 2,084; gravel, 64; caboose, 35— total, 2,209. Also,
103 hand cars and trucks.
Operations for year ending December 31, 1885 (Lessee's report). — Trains run — passenger,
110,688; freight and coal, 341,865— total, 452,553 miles. Passengers carried, 85,059 ; car-
ried one mile, 1,585,601. Tons freight moved, 1,986,229 ; moved one mile, 101,619,828.
Earnings— passenger, $37,640.45; freight, $494.515.84; mail and express, etc., $6,170.27—
total, $538,326.56. Operating expenses — maintenance of way, $1?5,358.49 ; transportation,
$63,612.45 ; motive power and cars, $171,130.6?. : miscellaneous, $10,660.65— total, $370,-
762.22. Net earnings, $167,564.34 ; paid rent of road, $161,497.96 ; surplus, $6,066.38.
Under the terms of the interest guarantee the guarantors became liable during the past year
for interest on bonds $210,000, against which was received $161,497.96 for rental as above,
showing the net loss to have been $48,502.04, which amount the guarantors were obliged to
advance, they to receive in settlement of this advance second mortgage bonds to a corre-
sponding amount.
Financial Statement (Lessor), December 31, 1886. — Capital stock (with right to in-
crease to $4,000,000 ; par, $50), $1,000,000 ; funded debt (1st mortgage registered 6 percent.
50-year $1,000 bonds, due December 1, 1932, interest June and December), $3,500,000 ; con-
struction, $135,151.52; other unfunded debt, $277,512.88— total, $4,912,664.40. Contra:
Cost of road, etc., $4,634,933.23; bills receivable, $218.29 ; profit and loss, $277,512.88— total,
$4,912,664.40.
Annual meeting second Monday in January. Books close for annual meeting 60 days
prior thereto. Stock must be held 60 days to entitle holder to a vote. William K. Vander-
bilt and Chauncy M. Depew, trustees of bonds. E. V. W. Rossiter, registrar of stock.
Directors. — William K. Vanderbilt, Cornelias Vanderbilt, Chauncy M. Depew, H.
McK. Twombly, New York City; George J. Magee, Watkins, N. Y. ; William Howell, Antrim,
Pa.; E. G. Schieffelin, Stokesdale, Pa.; Walter Sherwood, Jefferson Harrison, Jerome B.
Niles, Anton Hardt, John W. Bailey, Wellsboro', Pa. One vacancy.
HENRY SHERWOOD, President Wellsboro', Pa.
Vice- President— George J. Magee . . . Watkins, N. Y. I Secretary— William Howell Antrim, Pa.
Treasurer— E. V. W. Rossiier New York, City. \ Transfer Agent— Attyn Cox New York City.
For officers of Fall Brook Coal Co see Corning, Cowauesque and Antrim Ry.
PRINCIPAL OFFICE AND ADDRESS Wellsboro', Pa.
Transfer Office. . . Grand Central Depot, New York City.
PITTSBURGH AND CASTLE SHANNON RAILROAD COMPANY.
Line of Road.— Pittsburgh, Pa., to Castle Shannon, Pa 6 miles.
Sidings, etc., 4 miles. Gauge, 3 ft. 4 in. Rail (steel, 7 m.), 50 Ibs.
History.— Chartered September 18, 1871 ; road opened November 1, 1871.
Rolling Stock.— Locomotive engines, 5. Cars (all kinds), 453.
Receipts for year ending December 81, 1886.— From passengers, freight and mail, $20,-
730.84 ; interest and rents, $1,452.20 ; sale of coal, $51,498.69 ; other, $923.24— total, $74,
604.97. Operating expenses, $65,212.22. Net earnings, $9,392.75. Paid interest on bonds
$4,193, Balance, surplus, $5,199.75.
300 POOR'S MANUAL OF RAILROADS.
Financial Statement, December 81, 1886 —Capital stock ($50), $481,400 ; funded debt,
first mortgage 7 per cent, bonds, due April 1. 1890, $59,900 ; coupons unpaid, $203 ; interest
accrued, $1,048.25; accounts due, etc., $6,590.75; taxes, $122.67— total, $549,264.67. Con-
tra: Cost of road, $185,000; equipment, $31,427.50; real estate, etc., $61,195.50; other
property, $5,235.11; accounts, $5,677.25; bills receivable, $12,579.21; cash, $9,271.36;
profit aud loss, $238,878.74— total, $549,264.67.
A dividend of 3 per cent., amounting to $14.442, was paid on February 1, 1886, from
earnings of 1885 and previous years.
Directors. — Walter Chess, E. Rohrkaste, S. Kaufman, James M. Bailey, H. S. McKee,
P. F. Schuchman, H. F. Voight, S. Galliuger, D. Z. Brickell, B. J. Stenger, Pittsburgh, Pa.
JOHN H. ORTMAN, President Pittsburgh, Pa.
Treasurer and Secretary— ~E.J.lReiimeT. Pittsburgh, Pa. | Vice-President— S. Kaufman Pittsburgh, Pa.
Superintendent— Alex. Patterson Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
PITTSBURGH AND LAKE ERIE RAILROAD COMPANY.
Main Line of Road. — Pittsburgh, Pa., to Youugstown, Ohio 68.00 miles.
Newcastle Branch : Junction to Newcastle, Pa 2.93 miles.
L a -ed • • Pttt&itrffh, McKeesport and Youghiogheny Railroad 62.28 miles.
' \ Youghiogheny Northern Railroad 2.51 miles.
Total length of line owned and operated 135.72 miles.
2d track (owned, 16.11 ; leased, 8.49), 24.60 miles ; sidings (owned, 43.46 ; leased, 26.191,
69.65 miles. Gauge, 4 ft. 8| in. Rail, (steel), 60 Ibs.
History. — Chartered May 8, 1875 ; main line opened in February, 1879 ; branch in
April, same year. The road takes the line of the old Penna. and Ohio Canal. Beck's Run
RR. acquired by consolidation in 1880, and stock increased by $50,000. The company has
taken a lease for 99 years from January 1, 1884, of the Pittsburgh, McKeesport and
Youghioghery RR. The operations given below are on the 70.93 miles of the Pittsburgh
and Lake Erie proper.
Rolling' Stock, December 31, 1886. — Owned : Locomotive engines, 30. Cars — passenger,
26; baggage, mail, and express, 5 ; freight, 1,783 ; caboose, 17— total, 1,831. Leaded : Lo-
comotives, 19 ; cars — passenger and baggage, etc., 11 ; freight (gondola, 150 ; platform, 100 ;
coke, 9), 259 ; caboose, 6 ; other, 1 — total leased cars, 277. The company also owns 4
barges.
Operations for year ending December 31, 1886. — Train mileage — passenger, 300,175 ;
freight, 521,773 ; other, 438,253— total, 1,260,201 miles. Passengers earned. 600,530; car-
ried one mile, 10,599,275; average mile rate, 2.29 cents. Tons freight moved, 2,674,674 ;
moved one mile, 145,714,390; average ton-mile rate, 1.77 cents.
Earnings.— Passenger $219,19916
Freight 1,122,523 96
Mail 9,80573
Express 14,126 75
Total ($19,253.57 per mile) 81,365,655 60
Expenses.— Transportation §211,657 88
Motive Power and Cars 363,084 50
Maintenance Way & Buildings. 310,988 93
General 109,474 11
Total ($14,030.81 per mile) $995,205 42
Net earnings (27.13 per cent.), $370,45:.18. Add : Profit from operating P., M. and Y.
RR., $3,330.65 ; sale of P., M. and Y. RR. bonds, $1,875— total available revenue. $375,-
655.83. Payments: Interest on bonds, $120,000; interest on debt, $54,320.14; dividends,
(January and July, 3 percent, each), $123,000— total, $297,320.14. Balance, surplus, $78,-
335.69.
General Balance Sheet, December 81, 1886.
Cost of Road 83,0(59,373 54
Cost of Rolling Stock 1,234,343 44
Re'il Estate and Buildings 383.818 15
Bight of Way 586,0367(5
Current Accounts 107,53i 53
Cash on Hand 32,739 49
Total Assets $6,313,893 91
Capital Stock (par, $50) . .
Funded Debt Outstandin
ar, $50) $2,050.000 00
utstanding 2,000,000 00
Bills Payable 150,00000
Scrip Certificates Cl 5.000 00
Other Liabilities 137,99400
Rval Estate Mortgages 168,053 13
Undivided Surplus 1,192,846 79
Total Liabilities. ... §6,313,893 91
POOR'S MANUAL OP RAILROADS. 301
Funded debt consists of first mortgage 6 per cent. 50-year $1,000 coupon bonds, dated
January 1, 1878, interest payable January and July in Pittsburgh and New York. Annual
meeting, second Monday in January. Registrar of stock, John G. Robinson, Pittsburgh, Pa.
LINES LEASED OR OWNED BY THE PITTSBURGH AND LAKE ERIE RR. Co.
PITTSBURGH, McKEESPORT AND YOTJGHIIOGHENY RAILROAD.-Pittsburgh, Pa.,
to New Haven, Pa., 56.95 miles; with branches: Dickerson Run to Clarissa Mines, 4.58; Bradford June., to
Bradford, 0.32 ; West Yough. June, to B. & p. connection, 0.20 ; Broadford to B. & O. connection, 0.23— total,
62.28 miles. 2d track, 8.49 ; sidings, 20.19 miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 8} in. Chartered January
1, 1881 : road opened November 19, 1883. Leased January 1, 1884, for 99 years by the Pittsburgh and Lake Erie
RR. Co., that company and the Lake Shore and Michigan Southern Ry. Co. guaranteeing 6 per cent, interest on
bonds and 6 per cent, dividends on stock. Locomotive engines, 19. Cars— passenger. 11 ; freight (flat, 100 ;
gondola, 150 ; coke, 9), 259 ; caboose, 6 ; other, 1— total, 277. Operations for year ending December 31, 1886.
Trains run— passenger, 120,878 ; freight, 177,180 ; other, 148,964— total, 447.022 miles. Passengers carried,
210,939 ; carried one mile, 1,650,788. Tons freight moved, 1,585.183 ; moved one mile, 53,130,937. Earnings —
passenger, 843.SI20.52 ; freight, $590,232.92 ; mail and express, $7,084.22— total, 8641,837.66. Operating expenses-
maintenance of way, $65,525.75 ; of cars, $58,169.96 ; transportation, $76,253. 14 ; motive power, $54,577.r/J ;
miscellaneous, S20.269.59-total, $274,796.03. Net earnings, $867,041.6.3. Paid interest and dividends, $360,380.Ji3.
Surplus, $6,661.30, of which the Pittsburgh and Lake Erie and the Lake Shore and Michigan Southern RR. Cos.,
«:ach receive one half. Capital stock, $3,100,000 ; funded debt (1st mortgage 6 per cent. 50-year bonds, dated July
1, 1882, interest payable January and July, $2.250,000 ; 2d mortgage 6 per cent. 50-year bonds, due July 1, 1934,
interest payable January and July, $850,000), $3,100,000— total, representing cost of road, etc., to January 1, 1887,
$6,200,000. W. C. QUINCT, President; John G. Robinson, Secretary and Treasurer. CORPORATE OFFICE, 77
Fourth Avenue, Pittsburgh, Pa.
YOUGHIOGHENY NORTHERN RAILROAD.— Broad Ford to Summit, Pa., 2.51 miles. Rail
(steel), 60 Ibs. Gauge, 4 ft. 8| in. Chartered August 16, 1881 ; road opened in 1883. Leased to Pittsburgh, Mc-
Keesport and Youghiogheny RR. Co. Capital stock, representing cost of road, etc., $400,000. THOMAS MELLON,
President ; A. M. Thome, Treasurer ; W. F. McCook, Secretary, Pittsburgh, Pa.
Board of Directors P. & L. E. ER. Co., elected January W, 1887.
Cornelius Vanderbilt. New York, N.Y
Wm. K. Vanderbilt. New York, N.Y.
H. McK.Twombley. New York, N.Y.
David Hosletter Pittsburgh, Pa.
James I. Bennett. ..Pittsburgh, Pa. j A. E. W. Painter. . ..Pittsburgh, Pa.
M. W. Watson Pittsburgh, Pa. | Jas.M. Schoonmaker. Pittsburgh, Pa.
James M. Bailey Pittsburgh, Pa.
Herbert Du Puy Pittsburgh, Pa.
Henry Hill Pittsburgh, Pa.
D. Leet Wilson Pittsburgh, Pa.
JOHN NEWELL, President Cleveland, O.
D. Hostetter. Vice-President Pittsburgh, Pa.
Gen. Manager— W. C. Quincy Pittsburgh, Pa. | Sec. and Treasurer— John G. Robinson.. Pittsburgh, Pa.
Auditor— A. D. Smith Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS 77 Fourth Avenue, Pittsburgh, Pa.
PITTSBURGH AND WESTERN RAILROAD COMPANY.
Lines of Road. —
Western Division : Allegheny City, Pa. (0. B. & P. Mill), to New Castle, Pa 63.90 miles.
Northern Division : Gallery Junction, Pa., to Mt. Jewett, Pa 137.44 milea.
( Duck Run : Duck Run, Pa., to Crowthers, Pa 3.08
Branches : \ Clarion : Clarion Junction, Pa., to Clarion, Pa 6.20
( Kane : Kane Junction, Pa., to Philadelphia and Erie Depot. .0.70— )8 miles.
j Pittsbg Cleve. & Toledo RR. : New Castle June.. Pa., to Val. June., O. 76.86 miles.
: | Pittsburgh, Painesmlie and Fairport RR.: Niles June, to Fairport, O. 52.20 miles.
,r , ( Valley RR.: Valley Junction to Akron, 0 1.04 miles.
ickage : j Clevdand^ Akron & Columbus RR.: Cuyahoga Falls to Orrville, 0.. 29.30 miles.
Total length of lines owned, leased and operated 370.72 miles.
Sidings, etc., 32.17 miles. Gauges, 3 ft. and 4 ft. 8| in. Rail (steel, 170.92 miles), 35 to 60 Ibs.
History.— C nsolidation September 25, 1883, of the Pittsburgh and Western RR. Co.
(See MANUAL for 1884, p. 341), and the Pittsburgh, Bradford and Buffalo Ry. Co. (See MANUAL
for 1884, p. 336.)
The Northern Division of this road is narrow gauge, and the main lines standard gauge.
The section from Callery Junction to Butler, 14.6 milea, is of both gauges, a third rail being
laid for the accommodation of the narrow-gauge cars. At Allegheny the company owns
terminal yards extending from Pine Creek to Jacks Run, a distance of. about 7 miles, cover-
ing the entire river frontage of Allegheny City. The company acquired during the year 1882
one-quarter interest in the Pittsburgh, Cleveland and Toledo RR., then under construction,
and since the completion of that line has largely increased its ownership. On July 15, 1884,
it was leased to this company for 99 years, the lessee guaranteeing the payment of interest
302 POOR'S MANUAL — PITTSBURGH AND WESTERN RR. CO.
on $2,400,000 first mortgage bonds of the lessor. Subsequently the Baltimore and Ohio RR.
Co. entered into an agreement with the lessee to guarantee the interest on the Pittsburgh,
Cleveland and Toledo bonds, in consideration of the Pittsburgh and Western transferring to
it 15,000 shares of the lessor company's stock, and binding itself to pay into the Central
Trust Co. of New York $12,000 monthly on account of rental, default to entail a forfeiture of
the lease, etc., to the Baltimore and Ohio RR. Co. On March 23, 1885, on the application of
mortgage trustees, the Pittsburgh and Western RR. Co. was placed in the hands of receivers,
whose authority was subsequently extended over the leased lines. On the first of April fol-
lowing, default was made in payment of Pittsburgh, Bradford and Buffalo bonds. Subse-
quently the receivers were authorized to borrow money to pay off amounts due for wages,
etc., and to issue therefor receiver's certificates bearing not more than six per cent, interest.
Under this authority there have been issued receiver's certificates to the amount of $485,100,
bearing various dates, redeemable at option of receiver after 10 days' notice, and bearing 6
per cent, interest, payable semi-annually from their dates. These certificates were issued for
pay-rolls, supplies, rights of way previous to March 12, 1885, equipment trusts, etc. The
operations, earnings, etc., which follow cover only the lines of the road owned by this com-
pany, the accounts of the leased roads being kept separately. The rental of the Pittsburgh,
Cleveland and Toledo ($12,000 per month and $6,000 per annum for organization expense?)
and of the Cleveland, Akron and Columbus ($2,100 per month) have been promptly paid.
On October 1, 1886, the company took a lease of that portion of the Pittsburgh, Paines-
ville and Fairport RR., extending from Niles Junction, O., to Fairport, 0., 52.2 miles.
In November, 1886, the receivers leased the Northern Division and the Clarion Branch
to the Bradford, Bordell and Kinzua RR. Co., under a temporary contract, terminable after
thirty days' notice, the rental being 35 per cent, of gross earnings.
Under date of March 10, 1887, the company issued a circular outlining a plan for the
reorganization of the company by an issue of $10,000,000 1st mortgage 4 per cent. 30-year
gold bonds, $5,000,000 non-cumulative 5 per cent, preferred stock, and $7,000,000 common
stock. Stockholders are assessed 4 per cent., receiving new common stock share fur share for
their present holdings and preferred stock for double the amount of the assessment.
Pittsburgh and Western 6 per cents of 1881, and Pittsburgh, Bradford and Buffalo 6 per
cent, bonds will be exchanged at par for new 4 per cent, bonds, a bonus of $500 in pre-
ferred stock being added. Stock and bondholders agreeing to the plan have also the right
to subscribe for $1,700,000 new 4 per cent, bonds and $255,000 preferred stock, at the
rate of $1,000 4 per cent, bonds and $150 preferred stock for $800 cash. The remaining
$1,300,000 new 4 per cent, bonds, after above exchanges, will be reserved by the company,
$300,000 to retire the old first mortgage bonds and $1,000,000 for equipments, betterments,
etc.
Voting power of the stock of the reorganized company will be vested for five years in
J. Pierpont Morgan, John Lowber Welsh and James Callery as voting trustees.
In place of preferred stock may be issued income bonds, or both preferred stock and
income bonds, as shall hereafter be determined.
The company has purchased the Evergreen Ry., a narrow-gauge road, extending from
Bennett to Brookfield, Pa., 4 miles.
Boiling Stock, November 30, 1886. — Locomotive engines, 41. Cars — passenger, 32;
baggage, 11 ; freight (box, 253 ; stock, 11 ; platform, 234 ; coal, 1,063 ; caboose, 24), 1,585 —
total, 1,628. Also one-third interest in 1,000 (500 box and 500 gondola) Pittsburgh and
Toledo Dispatch cars.
Operations for year ending November 30, 1886 (211.32 miles). — Train mileage, passenger
and freight traffic not reported.
Earnings.— Passenger $250,418 44
Freight 782,377 17
Mail 12,252 40
Express 45,015 21
Miscellaneous 1,40000
Expenses.— Transportation §433,402 26
Maintenance Equipment 114,390 15
Maintenance of Way 158,407 34
Taxes 11,46933
General 39.700 40
Total ($5,164.98 per mile) $1,091,463 22 Total ($3,584.31 per mile) §757,435 56
POOR'S MANUAL OF RAILROADS. 303
Net earnings (30.60 per cent.), $334,027.66 ; rent receipts, $14,186.55— total available
revenue, $348,214.21. Payments for interest during year, $141,072.75. Balance, surplus,
$207,141.46. Surplus from last year, $108,006.64. Surplus, as per balance sheet, $315,148.10.
Financial Statement, November 30, 1886.— Capital stock, $7,250,000 ; funded debt, $5,-
707,500 ; assumed liabilities under investment accounts, $105,224.91 ; bills payable and cur-
rent accounts transferred to receiver's books, $2,556,629.85 ; profit and loss, $199,370.43 —
total, $15,878,725.19. Contra: Cost of road, $7,030,646.93 ; rolling stock, $800,027 88 ; con-
struction, $7,210,741.60 ; investment accounts, $837,308.78— total, $15,878,725.19.
Receivers' Balance Sheet, November 30, 1886. — Bills payable, $1,277,915.25 ; current
accounts, $1,485,015.20 ; receivers' certificates, $485,100; profit and loss, $315,148.10— total.
$3,563,178.55. Contra : Rolling stock, $350,247.27 ; construction, $90,953.64 ; materials and
fuel, $62,811.45; current accounts, $3,041,725.17; cash on haod, $17,441.02— tota., $3,-
563,178.55.
Funded debt consisted, November 30, 1886, of —
1st mtge. (P. & W. RR., old) 6 p. c. 40-year bds., due July 1, 1921, int. Jan. & July $81,000
1st mortgage 6 per cent. 20-year bonds, due July 1, 1898, interest Jan. and July 4,125,000
1st mtge. (P., B. & B. RR.) 6 per c. 30-yr. bds., due April 1, 1911, int. April & Oct. 800,000
Consolidated mortgnge 6 per cent. 40-year bonds, due 1911 363,000
1 st mortgage (P. , N. C. & L. E. RR.) 7 per cent, bonds, due 1898 219,000
Real estate mortgage bonds, 6 per cent 119,500
Annual meeting, second Monday in January. Interest payable in Pittsburgh and New
York. The collateral loans referred to above represent the floating debt incurred by the
company previous to the receivership, for which notes and obligations of the company to the
amount of $2,000,000 or more had been given from time to time, these notes and obligations
being secured by collateral consisting of valuable assets of the company of a par value ex-
ceeding $3,500,000. To protect this collateral and prevent forced sale, the receivers were au-
thorized to pay interest on such notes and to renew them from time to time as they matured.
the Cleveland, Mount Vernon and Delaware RR., from Cuyahoga Falls to Orrville, O., 31 miles. The track of the
Valley RR., from Valley Junction to Akron, O.. 1.04 miles, is also used. On July 15, lh'84, the road passed under
the control of the Pittsburgh and Western RR. Co., under lease, for terms of which see statement for that com-
pany. Separate accounts of operations of this line are kept, but details have not been furnished the MANUAL.
Rolling Stock owned.— Locomotive engines, 17. Cars— passenger, 15 : combination, 5 ; freight (box, 112 ;
platform, 100 ; coal, 200), 412. Also, 1 wrecking and 8 caboose cars, and one-third interest in 1,000 (or 334) Pitts-
burgh and Toledo Dispatch line cars. Total curs, 775.
tent, December 31, 1885.— Capital stock (par, $50), $3,000,000; funded debt, 1st mortgage 6
per cent 40-year bonds, dated October 1, 1882, inte^rest^April^arid October, $2,400,000^; biUs ^payable, £103,718.74 j
and e
—total, $5,976,148".95.
Directors P., C. & T. RR. (elected February 17, '1886).— C. H. Andrews, L. E. Cochran, W. J. Hitchcock,
Youngstown, O.; W. J. McKinnie, Cleveland, O.; James Gallery, Allegheny, Pa.; G. J. Foreacre, Newark, O.;
Thomas M. King, H. W. Oliver, Jr., Willinm McCreery, Johns McCleave, Pittsburgh, Pa.: J. H. Collins, Colnin-
bus, O.; Orland Smith, Cincinnati, O. C. H. ANDREWS, President ; H. W. Calvin, Secretary and
Youngstown, O.
Financial Statement,
sent 40-year bonds, dateu v^ciouer i, ioo«, imcic^t ,\i'in aim \j^wv\>i, ^j>*.,-avu,uw , wm» J/.I_>.I>MI . .-!•<•»., i.'.i » ,
ent accounts, $101,968.23 ; other liabilities, $370,461.98— total liabilities, $5,976,148.95. Contra : Cost of road
equipment, $5,639,762.35 ; accounts, $173,485.61 ; materials and cash, $1,539.71 ; profit and loss, $101,361.28
Board of Directors P. & W. RE. Co., elected January 10, 1887.
James Callery Allegheny, Pa.
Solon Humphreys. New York, N. Y.
John W. Chalfant. . . .Allegheny, Pa.
M. K. Moorhead. . . . Pittsburgh, Pa.
T M. King Baltimore, Md.
A. M. Marshall Pittsburgh, Pa.
H. W. Oliver, Jr Pittsburgh, Pa.
William Semple Allegheny, Pa.
John T. Terry. . . .New York, N. Y.
Samuel Spencer Baltimore, Md.
John K. Cowan Baltimore, Md.
Robert Garrett Baltimore, Md.
N. S. Hill... Baltimore, Md.
JAMES GALLERY, President Allegheny, Pa.
1st Vice-President—Solon Humphreys. New York, N. Y.
2d Vice-Pres. A Gen. Man.—T. M. King. Allegheny, Pa.
Treas. & Asst. Sec — J. P. Curtis New York, N. Y.
Sec. & Asst. Treas.— H. D. Campbell.... Allegheny, Pa.
JAMES GALLERY, ) Receivers Allegheny, Pa.
JOHN W. CHALFANT, )
Treas. for Receivers- -H. D. Campbell. . .Allegheny, Pa. | Auditor for Receivers— J. L. Kirk Allegheny, Pa.
PRINCIPAL OFFICE AND ADDRESS Allegheny, Pa.
304 POOR'S MANUAL OF RAILROADS.
PITTSBURGH, CHARTIERS AND YOTJGHIOGHENY RAILWAY COMPANY.
Main Line of Road. — Chartiers to Junction No. 1 with Chartiers RR 7.4 miles.
Branched : Junction No. 2, 1 ; Coal Works, 1.9 ; Beechinont, 4.2 ; River, 0.7 7.8 miles.
Total length of line operated 15.2 mile?.
Sidings, 6.5. Gauge, 4 ft. 81 in. Rail (steel, 21.20 miles), 56 Ibs.
Road built in 1882 and 1883.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 4; baggage, mail and express,
2 ; freight (box, 8-wheel, 236 ; 4-wheel, 100), 336— total, 342.
Operations for vear ending December 31, 1886. — Trains run — passenger, 37,786; freight,
29,891— total, 67,677. Passengers carried, 95,046 ; carried one mile, 450,146. Tons freight
moved, 380,885. Earnings— passenger, $7,876.41 ; freight, $55,214.69 ; other, $4,541.85—
total, $67,632.95. Expenses— transportation, $13,377.91 ; motive power and cars, $17,863.61;
maintenance of way, $7,543.96 ; general, $8,770.41— total, $47,555.89. Net earnings, $20,-
077.06.
Financial Statement, December 31, 1886.— Capital stock, $593,600 ; funded debt (1st
mortgage 6 per cent, bonds, due 1902, interest payable February and August, $320,000 ; 2d
mortgage 6 per cent, bonds, due 1899, interest payable April and October, $137,500), $457,-
000 ; unfunded debt, $119,008.68 ; due individuals and corporations, $9,321.78 — total, $1,-
179,4:j0.46. Contra: Cost of road, $878,407.03; rolling stock, $129,662.95; materials and
fuel, $1,382.30 ; from individuals and corporations, $81,761.77; profit and loss, $88,216.41 —
total, $1,179,430.46.
Directors. — J. E. Schwartz, Pittsburgh, Pa.; Jacob Henrici. Economy, Pa.; Henry Hice,
Beaver, Pa.; John Reeves, Beaver Falls, Pa.; Roger Hartly, B. F. Wilson, Pittsburgh, Pa.;
Edward Gregg, Allegheny, Pa.; E. H. Stowe, Pittsburgh, Pa.; O. P. Scaife, Allegheny, Pa.;
John G. McConnell, Pittsburgh, Pa.; William A. Robinson, William Miller, Allegheny, Pa.
J. E. SCHWARTZ, President Pittsburgh, Pa.
Vice- President— George E. Griscom Pittsburgh. Pa. | Secretary & Treasurer— H. T. Hill Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
PORT JERVIS, MONTICELLO AND NEW YORK RAILROAD COMPANY.
Line of Road in Operation.— Port Jervis, N. Y., to Monticello, N. Y 23.75 miles.
Sidings, etc., 1 mile. Gauge, 4 ft.8| in. Rail (steel, 4.50 miles), 56 Ibs.
History. — This company was organized November 17, 1886, to build a railroad from Port
Jervis, N. Y. , by way of Monticello, N. Y., to Fallsburgh Station, on the New York, Ontario
and Western Ry., with a branch from Rose Point, in Mamakating Valley, to the village of
Summitville — total length of main line and branch, about 45 miles. The branch line is now
being surveyed and located preliminary to placing it under construction. At Wurtsboro'
connection will be made with a new line projected to run to the Poughkeepsie bridge, thus
forming a direct line from Port Jervis through the Bloomingburgh tunnel to said bridge.
This company has recently purchased the railroad, rolling stock and other property of the old
Port Jervis and Monticello RR. Co., for $127,000, subject to a mortgage of $50,000, and now
operates that line, as shown above. At the time of preparing this statement (April 18, 1887)
no bonds had been issued by this company, nor had it contracted any floating debt or other
form of liability.
Rolling' Slock. — Locomotive engines, 3. Cars — passenger, 4; baggage, etc., 2 — total, 6.
Operations for year ending September 30, 1886.— Train mileage — passenger, 13,258;
freight, 13,257 — total, 26,515 miles. Passengers carried, 23,888 ; carried one mile, 508,501 ;
average mile rate, 2.51 cents. Tons freight moved, 23,049; moved one mile, 414,890; average
ton-mile rate. 3.97 cents.
Earnings. -Passenger $12,748 24
Freight 16,455 87
Mai land Express 2,37705
M iscellaneous 279 48
Total (81,341.50 per mile) $31,860 64
Expenses.— Transportation $10,368 51
Motive Power and Cars 1,033 03
Maintenance Way & Buildings.. 9,085 ,r)9
General 3,793 68
Total (31,022.35 per mile) $24,280 8l
POORS MANUAL OF RAILROADS.
Net earnings (23.79 per cent.), $7,579.83. Payments : Interest on bonds, $3,500 ; taxes,
$3,437.79— total, $6,937.79. Balance, surplus, $642.04.
Financial Statement. — Capital stock authorized, $500,000 ; funded debt 1st mortgage
7 per cent, 30-year bond?, due August 1, 1909, interest payable February and August, $50,-
000— total, $550,000. Cost of road, $20,100. Cost of road to old company was $1,109,-
079.53 ; equipment, $54,658.71, or a total of $1,163,738.24.
Preceding statements of operations, financial condition, etc., are from statement of old
company.
Following is the board of directors and officers of the new corporation :
Directors (elected November 15, 1886).— Wade Buckley, W. H. Nearpass, William
Norris, 0. P. Howell, P. E. Farnum, Alfred Gilnian, Port Jervis, N. Y. ; H. R. Low Ben-
jamin Low, W. B. Royce, M. D. Stivers, Charles Clark, W. J. Groo, Middletown, N. Y.
HENRY R. Low, President Middletown, N. Y.
Wade Buckley, Vice-President Port Jervis, N. Y.
Treasurer— O. P. Howell Port Jervis, N. Y. | Secretary and Svpt.— Charles Clark.. Middlctown, N. Y.
PIUNCIPAL OFFICE AND ADDRESS Port Jervis, N. Y.
POUGHKEEPSIE BRIDGE COMPANY.
History. — This company was chartered in 1871 to build a railroad bridge across the Hud-
son River at Poughkeepsie. Work was begun soon after, but was stopped about 1873
and resumed in 1878. A reorganization of its affairs was effected August, 1886, and on
August 27, 1886, the contract was let to the Union Bridge Co. — construction to bj completed
and the bridge ready for traffic by January 1, 1888.
The bridge will be of steel, supported on steel towers, resting upon stone piers. On the
west shore there wilt be a span of about 200 feet, and viaduct and railway approach of
two miles, and on the east a viaduct and railway approach of about one and a half
miles in length, of steel and iron. There will be five spans over the river channel, three of
them cantilevers of 550 feet each, and two truss spans of 525 feet each — the bottom of the
spans 160 and 130 feet respectively above high water. There will be two railroad tracks, 212
feet above high water, and the bridge will be of sufficient strength to support two trains, each
drawn by two 85-ton locomotives and a moving load of 3,000 Ibs. per lineal foot on each track.
The approaches include 3,000 feet of viaduct and about one mile of steel railway on the east
and over 2 miles of shore span and steel railway on the west, the whole length of bridge,
viaduct and approaches being over 4 miles.
In January, 1887, two companies were incorporated in the interest of this company, the
Hudson Connecting RR. Co., to build a railroad from New Paltz, N.Y., to a connection with the
Wallkill Valley RR. at Pine Bush, N. Y., about 20 miles, and the Poughkeeps-ie Connecting
RR. Co., to build a railroad from the eastern end of the bridge to a connection with the New-
burg, Dutchess and Connecticut RR. at Moores Station, N. Y., about 10 miles. Companies
have also been organized to build railroads connecting with the New York and New England
RR. at Hopewell Junction, with the New York, Lake Erie and Western at Newburg, and
with the New York, Ontario and Western RR.
On March 4, 1887, parties in the interest of this company purchased a controlling interest
in the Hartford and Connecticut Western RR.
Financial Statement.— Capital stock, $5,000,000 ; funded debt, 1st mortgage 6 per cent.
50-year $1,000 gold bonds, due August 1, 1936, interest payable February and August,
$5,000,000 — total stock and bonds authorized, $10,000,000. The bonds are coupon, with
privilege of registration. Trustee : Mercantile Trust Co., New York." Estimated cost of
bridge and approaches, $5,000,000.
Directors (elected January 3, 1887).— Henry C. Gibson, A. M. Moore, M. McMichael,
Philadelphia, Pa. ; Arthur Brock, Lebanon, Pa. ; Simon Cameron, H. McCormick, Harris-
burg, Pa. ; P. W. Gallaudet, I. Coleman Drayton, S. W. Knevals, W. Van Benthuysen,
20
306 POOR'S MANUAL OF RAILROADS.
New York, N. T. ; John I. Platt, Edward Elsworth, Poughkeepsie, N. Y. ; J. H. Appleton,
Springfield, Mass.
W. VAN BENTHUYSEN, President New Orleans, Ln.
Secretary— &. J. Sterling New York, N. T. | Treasurer— P. W. Gallaudet New Tork, N. Y.
Engineer— P. P. Dickinson — New York, N. Y.
PRINCIPAL OFFICE AND ADDBESS Mills Building, New York, N. Y.
POUGHKEEPSIE, HARTFORD AND BOSTON RAILROAD.
(Now OWNED BY NEW YORK AND MASSACHUSETTS RAILWAY Co.)
Line of Road.— Poughkeepsie, N. Y., to Boston Corners, N. Y 39.79 miles.
Sidings, etc., 2.25 miles. Gauge, 4 ft. 8| in. Rail, 56 Ibs.
The track of the Newburg, Dutches and Corning RR., from Stissing to Pine Plains,
N. Y., 4.89 miles (included abpve) is used by this company, at a rental of $6,000 per annum.
History. — Chartered as Pougbkeepsie and Eastern RR. Co., April 13, 1866; road opened
from Poughkeepsie to Stissing, 23.79 miles, and from Pine Plains via, Boston Corners, to State
Line, 17.99 miles, October 1, 1872. Placed in the hands of a receiver June 20, 1874; sold
under foreclosure May 15, 1875, and reorganized under existing title. On June 1, 1883, the
company leased that portion of its line between Boston Corners and State Line Junction, 6.89
miles, to the Hartford and Connecticut Western RR. Co. On January 26, 1884, the road was
sold under foreclosure of its 2d mortgage bonds. The section of the line operated by the
Hartford and Connecticut Western RR. Co. was 'purchased by that company for $70,000.
The main sections were bought in for account of 2d mortgage bondholders for $10,000, sub-
ject to the lien of the outstanding first mortgage bonds. Company reorganized January 22,
1887, under the title of the New York and Massachusetts By. Co.
Rolling Stock, September 30, 1886. — Locomotive engines, 4. Cars — passenger, 5 ; hag-
gage, mail and express, 5 ; freight (box, 30 ; platform, 5 ; stock, 2 ; coal, 23), 60 — total
cars, 70.
Operations for year ending September 30, 1886. — Train mileage — passenger, 32,432 ;
freight, 23,162— total, 55,594 miles. Passengers carried, 72,736 ; carried one mile, 1,002,561 ;
average mile rate, 2.26 cents. Tons freight moved, 19,743 ; moved one mile, 376,614; aver-
age ton-mile rate, 6.09 cents.
Earnings.— Passenger $23,698 75
Freight 22,928 56
Mail ... 1,575 26
Express 496 37
Miscellaneous 1,902 38
Total ($1,246.58 per mile) $49.601 32
Expenses.— Transportation $19,362 61
Motive Power 1,463 42
Maintenance of Cars 2,550 53
Maintenance Way and Buildings. 17,157 25
General... . 3.68823
Total ($1,111.39 per mile) $44,222 04
Net earnings (10.84 per cent.), $5,379.28. Payments : Interest on debt, $614.24 ; rental,
5,000 ; taxes and insurance, $1,196.19— total, $7,810.43. Balance, deficit, $2,431.15.
General Balance Sheet P., H. & B. ER. Co., September 30, 1886.
Cost of Road $1,297,298 55
Cost of Rolling Stock 132,621 85
Materials and Fuel on Hand 2,000 00
Current Accounts 615 00
Cash on Hand 2,632 61
ProfitandLoss 2,42085
Total Assets $1 ,437,588 86
Capital Stock $850,OCO 00
Funded Debt Outstanding 524,000 00
Bills Payable 14,30538
Current Accounts 10,46S 12
Interest Due 234,210 95
Total Liabilities $1,632,984 45
The preceding statements are those of the Pougbkeepsie, Hartford and Boston RR. Co.
for its last fiscal year. Following is the general balance sheet and other particulars of the
reorganized company.
General Balance Sheet N. T. & M. By. Co., March \, 1887.
Cost of Road and Equipment $1,363,609 46
Materials on Hand 11,685 51
Cash in Bank 7,259 90
Total Assets ,..,.........$1,382,554 87
Capital Stock $1,000.000 00
Funded Debt 24.000 00
Surplus Account 280,723 OG
Accrued Interest 19.276 66
Bills, $24,191,36 ; Accounts, $34,363.79 43,455 15
Total Assets $1,382,554 87
POOR S MANUAL OF RAILROADS.
307
Funded debt consists of $24,000 1st mortgage, 7 per cent. 30-year bonds, due August 1,
1905, interest payable February and August.
Directors N. Y. &Mass. RR. Co. (elected January 22, 1887).— George P. Pelton, John F.
Winslow, Edward Elsworth, J. A. Perkins, 0. H. Bootb, Poughkeepsie, N. Y. ; Henry D.
Cone, Stockbridge, Mass.; William A. Miles, Copake, N. Y. ; Peter W. Galaudet, New York
City ; Samuel N. Aldrich, Marlboro, Mass.
GEO. P. PELTON, President Poughkeepsie, N. Y.
Vice-President— Henry D. Cone Stockbridge, Mass. | Secretary and Treat.— B. Ellsworth.Poughkeepsie, N. Y.
PBINCIPAL OFFICE AND ADDRESS Poughkeepsie, N. Y.
PROSPECT PARK AND CONEY ISLAND RAILROAD COMPANY.
Main Line of Road. — Brooklyn (Fulton Ferry) to West Brighton Beach 9.06 miles.
Leased : New York and Coney Island RR. — West Brighton to Coney Island Point.. 2.41 miles.
Total length of line (of which 8. 18 miles operated by steam) 11.47 miles.
2d track, 7.06 ; sidings (owned, 5.20; leased, 2.56), 7.76 miles. Gauge, 4 ft. 8} in. Rail
(steel, owned, 21.32 m.), 50 Ibs.
History. — Consolidation (October 9, 1874) of Park Avenue (horse) and Greenwood and
Coney Island (steam) RR. Companies. The horse-car railroad franchises and property of this
company are leased from January 1, 1886, for the full term of its corporate existence, to the
Atlantic Avenue RR. Co., at an annual net rental of $21,000, payable semi-annualiy, exclusive
of taxes, etc., with provision for its termination by sale of said franchises and property to the
Atlantic Av. Co. for $420,000, payable January 1, 1895, upon the satisfaction and removal as
a lien on said horse-railroad property and franchises of the mortgage securing the $500,000 of
bonds which mature on that day.
Rolling Stock. — Locomotive engines, 10. Cars (passenger, 44; baggage, 1 ; freight, 13),
58, of which 2 locomotive engines and 14 passenger cars are leased.
Operations for year ending September 30, 1886. — Trains run — passenger, 143,607; freight,
2,274 ; mixed, 3,960 — total, 149,841 miles. Passengers carried, 1,224,641. Freight moved,
6,907 tons. Earnings— passenger, $152,116.85 ; freight, $3,170.31— total, $155,287.16. Ex-
penses and taxes, $125,153.48.' Net earnings, $30,133.68. Rents, etc., $33,103.96— total in-
come, $63,237.64. Payments : Rental (N. Y. & C. I.), $10,000 ; interest on bonds, $37,570 ;
other interest, $14,571.38— total, $62,141.38. Surplus for year, $1,096.26. Deficit from last
year, $43,502.94; balance, deficit as per balance sheet, $42,406.68.
General Balance Sheet, September 30, 1886.
Cost of Road and Real Estate $1 ,005,587 33
Cost of Rolling Stock 170,263 92
2,714 47
32,500 00
38,146 22
12,029 61
5,250 00
25,527 40
13,230 01
42,406 68
Capital Stock $250,000 00
Funded Debt Outstanding 1,007,000 00
Bills Payable
Current Accounts
Bond Interest Accrued
Rent Accrued to N . Y. & C. I. RR. Co
Sundries
61,252 65
12,571 77
12,545 00
2,500 00
1,786 22
Materials and Fuel on Hand
Other Property and Assets
Bills Receivable
Current Accounts
Rent from Atlantic Av. RR. Co. (accrued)
Cash on Hand
Sundries
Profit and Loss
Total Assets $1,347,655 64 Total Liabilities §1,347,655 64
Funded debt consists of 1st mortgage (convertible) 7 per cent. 20-year coupon $1,000
bonds, due October 1, 1894, interest January and July, $500,000 ; 1st mortgage, second issue,
6 percent. 20-year coupon $1,000 bonds, due February 1, 1926, interest February and August,
$257,000 ; income 6 per cent. 40-year bonds, due May 1, 1920, interest (if earned) May and
November, $250,000.
Annual meeting third Monday in September. Trustee of bonds, Mercantile Trust Co.,
New York, N. Y. Voting power attaches to stock after 30 days' ownership. Interest paya-
ble at First National Bank, Brooklyn, N. Y. Registrar of Stock, Allan C. Washington, 16
Court Street, Brooklvn. 1ST T.
308 POOB'S MANUAL OF RAILROADS.
NEW YORK AND CONEY ISLAND RAILROAD.-West Brighton Beach to Coney Island
Point, 2.41 miles ; total track (fteel, 2.41 miles), 3.38 miles. Chartered February 5, 1879 ; opened June 9, 1879 ;
leased July 1. 1879, to P. P. & C. I. RR. Co. for 95 years. Rental, 10 per cent, on stock. Capital stock, $100.000 ;
profit and loss, $W3.84— total, $100,983.89. Cost of road, $100,019.02 ; loan to P.P. & C.I. RR. Co., $964.87.
ANDREW R. CULVEK, President; Allan C. Washington, Treasurer - L. Stacy, Secretary. CORPORATE OF-
FICE, Brooklyn, N. Y.
Board of Directors P. P. & C. I. RR. Co., elected September 20, 1886.
Andrew R. Culver. .Brooklyn, N. Y. I A. C. Washington . .New York, N. Y. Sidney Webster. . .New York, N. Y.
Fraley C. Niebuhr.. Brooklyn, N. Y. I Austin Corbin New York, N. Y.
Wm. t. Reillv . . . !New York. N. Y.
Theodore B. Moore New York, N. Y.
ANDREW R. CULVER, President 16 Court St., Brooklyn, N. Y.
Treasurer— Allan C. Washington New York, N. Y. | Secretary— H. A. Faron Brooklyn, N. Y.
PRINCIPAL AND TRANSFER OFFICES 16 Court St., Brooklyn, N. Y.
READING AND COLUMBIA RAILROAD COMPANY.
Main Line of Road. — Columbia, Pa., to Sinking Springs, Pa 39.85 miles.
Lancaster Branch : Lancaster Junction to Lancaster 7.80 miles.
Mount Hope Branch : Manheim to Mount Hope 5.91 miles.
Other Branches : Haldeman's, 0.84 ; Cabeen's, 1.83 2.17 miles.
Leased : Lancaster and Reading Narrow Gauge RR.: (Quarry ville Br.) 15.28 miles.
Operated : Reading, Marietta and Hanover RR 6.36 miles.
Total length of railroad owned, leased and operated 77.43 miles.
Sidings, etc., 17.72 miles. Gauge, 4 ft. 8^ in. Rail, iron, 56.68; steel (23.64 m.), 60 and 70 Ibs.
History. — Chartered May 19, 1857 ; opened April 1, 1864. The road is controlled by the
Philadelphia and Reading RR. Co., but all accounts are kept separately.
Boiling Stock. — Locomotive engines, 11. Cars — passenger, 6 ; baggage, etc., 1 ; freight
(box, 4 ; stock, 5; platform, 15), 24 ; caboose, 6 — total, 37. Also, 47 service cars.
Operations for the year ending November 30, 1886. — Trains run — passenger, 195,293 ;
other, 210,122 — total, 405,415 miles. Passengers carried, 442,450 miles ; carried one mile, 5,-
785,645. Tons freight moved, 606,127 ; moved one mile, 14,427,680 tons. Earnings — passen-
ger, $122,051.69; freight, $258,078.48; mail and other. $7,228— total ($4,938.11 per mile),
$382,358.17. Expenses— maintenance of way, $74,808.57 ; motive power, $115,320.73; trans-
portation, $90,698.80 ; miscellaneous, $34,565.15— total ($4,073.27 per mile), $315,393.25. Net
earnings (17.51 per cent.), $66,964.92. Paid interest on bonds, $50,000 ; Rental leased lines,
$24,500, included in operating expenses. Deficit, $43,035.08 ; from last year, $927,806.22—
total, $970,841.30. Default was made during the past year in the payment of interest on the
debenture 6 per cent, bonds to the amount of $60,000.
Financial Statement, November 30, 1886.— Capital stock (par, $50), $958,268.09 ; funded
debt, $2,014,166.67; scrip, $105; unfunded debt, $220,478; current accounts, $455,025.32
—total, $3,648,043.08. Contra: Construction, $2,126,478.72; equipment, $245,241.18; real
estate, $67,002.67; materials, $5,647.92; current accounts, $232,314.28; cash, $517.01;
profit and loss, $970,841.30.
Funded debt consisted, November 30, 1886, of —
1st mtge. extended 5 p.c. bonds, due Mar. 1, 1912 (coupon and regist'd, $100, $500. $1,000), int. Mar. & Sep.$&iO,000 00
2d mtge. extended 5 p. c. bonds, due June 1, 1904 (coupon, $1,000), interest June and December 350,000 00
Debenture 6 p. c. ($1,000 coupon) bonds, dated Nov. 30, 1877, due Dec. 1, 1917, interest June and Dec. . .1,000,000 00
Real estate mortgage 14,166 67
Annual meeting, second Monday in January. Books close for annual meeting 60 days
prior thereto. Interest payable at company's Philadelphia office.
RAILROADS LEASED OR OWNED UY THE READING AND COLUMBIA RR. Co.
LANCASTER AND READING- NARROW GAUGE RR. (Quarryville Branch). -Lancaster to
READING, MARIETTA AND HANOVER RAILROAD. -Marietta Junction to Chickies,
Pa., 6.3t> — total track, 6.81 miles. Organized in 1876 nndt-r the name of the Hanover Junction and Susquehanna
RR. to build a road from Landisville, Pa., to Hanovi-r Branch, Pa., 34 miles. In September, 1SH1, the road, upon
which 17 miles were- then graded, was sold under foreclosure, and purchased for account of bondholders, who re-
organized under present name, and subsequently conveyed it to parties in the interest of the Philadelphia and
Reading RR. Co. Road opened as above in March, 1883. Operated by the Reading and Columbia RR. Co. Cap-
ital stock. $2:>n.OOO. Cost of road, etc.. $138,476.21. J. N. HUTCHINSON, President; Howard Hancock. Secretary,
Philadelphia, Pa.
POOR'S MANUAL OF RAILROADS. 809
Board of Directors Reading and Columbia RR. Co., elected January 10, 1887.
Austin Corbin Philadelphia, Pa.
I. V. Williamson. ..Philadelphia, Pa.
P. C. Hollis Philadelphia, Pa.
S. A. Caldwell.. . .Philadelphia, Pa.
Geo. De B. Keim ..Philadelphia, Pa.
A. J. Antelo Philadelphia, Pa.
J. N. Hutchinson.. Philadelphia, Pa.
T. Baumgardner Lancaster, Pa.
W. Latimer Small York, Pa.
Paris Haldcmaii Chickics, I'u.
B. F. Heistand Marietta, Pa.
A. R. Uoyer Denver, Pa.
AUSTIN CORBIN, President Philadelphia, Pa.
Secretary— Howard Hancock Philadelphia, Pa. | Treasurer— John Welch Philadelphia, Pa.
PRINCIPAL OFFICE 227 South 4th Street, Philadelphia, Pa.
ROCHESTER AND LAKE ONTARIO RAILROAD COMPANY.
Line of Road.— Rochester, N. Y., to Lake Beach, Irondequoit Bay, N. Y 6.05 miles.
Sidings, etc., 0.37 mile. Gauge, 4 ft. 8| in. Rail, 40 Ibs.
History.— Chartered June 3, 1879 ; road opened August 5, 1879.
Rolling Slock.— Locomotive engines, 3. Cars— passenger, 10; freight, 1; hand, 1.
Operations for year ending September 30, 1885.— Trains run (passenger), 30,468 miles.
Passengers carried, 146,347 ; carried one mile, 808,698 ; average mile rate, 2.20 cents. Earn-
ings (passenger), $17,797.67. Operating expenses, $10,434.39. Net earnings, $7,363.28 ; add
rent, etc., $1,484.25— total available revenue, $8,847.53. Payments— tuxes, $996.37; divi-
dends (11 per cent.), $7,150— total, $8,146.37. Surplus for the year, $701.16; surplus from
last year, $25,197.04— total, $25,898.20; less depreciation, $4,149.08; other charges, $744.13
—surplus to date, $21,004.99.
Financial Statement, September 30, 1886.— Capital stock, $65,000; open accounts,
$208.24; profit and loss, $21,004.99— total, $86,213.23. Per contra: Construction and equip-
ment, $78,340.52 ; cash, $2,754.20; bills receivable, $250; open accounts, $868.51 ; sinking
fund, $5,000— total, $87,213.23. Excess of assets, $1,000.
DIVIDENDS.— November 30, 1880 ; Nov. 14, 1881 ; January 16, 1882 ; August 15, 1882 ;
November 10, 1882 ; August 15, 1883, 5 per cent, each ; December 4, 1883, 10 per cent. ; Jan.
31, 1884; September 30, 1884, and November 20, 1885, 5 per cent, each; 1886, 11 t>er cent.
Total, 66 per cent.
Annual meeting, first Monday in June.
Directors. — Michael Filon, N. H. Galusha, N. B. Ellison, George B. Smith, Patrick
Barry, Isaac Wile, Nehemiah Osborn, Rochester, N. Y.
NORMAN H. GALUSHA, President •. Rochester, N. Y.
Vice-President— George B. Smith Rochester, N. Y. | Secretary and Trtas.—TX. B. Ellison . . .Rochester, N. Y.
PRINCIPAL OFFICE AND ADDRESS Irondequoit, Monroe Co., N. Y.
ROME, WATERTOWN AND OGDENSBURG RAILROAD COMPANY.
Main Line of Road. — Suspension Bridge to Massena Springs, N. Y 299.03 mile.0.
Richland, N. Y., to Rome, N. Y 41.07 miles.
( Cape Vincent : Watertown June, to Cape Vincent, N. Y. . .24.20
Branches • -I fydensburff : De Kalb J unction to Ogdensburg, N. Y 19.00
' 1 Syracuse : Syracuse to Pulaski, N. Y 37.40
I. Lewiston : Lewiston Junction to Lewiston, N. Y 3.60 — 84.20 miles.
To.aori in,.! A A ( Oswego and Rome RR.: Richland to E. Oswego, N.Y.28. 49]
'd \ Norwood & Mont. RR.: N'wood to Mass. Sp'gs, N. Y. 12.94
es : ( Niagara Falls Br. RR. : Lewiston Jc. to Suspen. Brg. 8.74 <
f Utica and Black River Railroad and Clayton Branch 149.81 miles.
Carthage, W'town and Sack. Uar. RR.: Carthage to Sack. Har.,N. Y. 29.59 miles.
Leased : { Rochester & Ontario Belt Ry.: Av. E.Rochester, to WsorB'ch, N. Y.. 5.97 miles.
\ R. W. & 0. Terminal RR.: Ave. E to N. St. Paul St., Roch'r, N. Y. . 0.90 mile?.
[ Syracuse, Phcenix and Oswego Ry.: Woodards to Fulton, N. Y 17.11 miles.
TS.ar.Vno- J N- ?• G- & H- -R*«- BR-> Suspension Brg. to Niagara Falls. 1.81
g '( N. Y., Ontario & Western Ry., Fulton to East Oswego, N. Y. 12.20— 14.01 miles.
Total length of lines owned, leased and operated October 1, 1886 641.69 miles
Average length of lines operated during year 543.25 miles.
Sidings, etc., 116.68 miles. Gauge, 4 ft. 8J in. Rail (steel, 497.30 m.), 56 and 60 Ibs.
310 POOR'S MANUAL — EOME, WATERTOWN AND OGDENSBURG RR. CO.
History. — Consolidation October 1, 1861, of the Watertown and Rome RR. Co., chartered
April 17, 1832, and road opened in June, 1852 ; and the Potsdam and Watertown RR. Co.,
chartered February 23, 1852, and road opened in June, 1857. The Lake Ontario Shore RR.
Co. was chartered March 17, 1858 ; road opened to Ontario (51.3 miles) in 1873 ; sold under
foreclosure September 22, 1874 ; transferred to this company January 15, 1875 ; and com-
pleted to Lewiston in 1876. The Syracuse Northern RR. Co. was chartered February 25,
1868 ; road opened in 1871-72 ; sold under foreclosure and reorganized as the Syracuse and
Northern RR. Co., and consolidated with this company in 1875. On April 15, 1885, the Oswego
RR. Bridge Co., an organization which was chartered in 1872, was consolidated with this com-
pany, and on December 8, same year, the Syracuse, Phoenix and Oswego RR. was leased for
450 years. In January, 1886, entered into an agreement for the use of the tracks of the New
York, Ontario and Western RR., from Fulton to East Oswego. The Norwood and Montreal
RR. was leased March 1, 1886; the Utica and Black River and its leased Canhage, Water-
town and Sacketts Harbor road, April 16, 1886. For terms of leases see sub-head statements
for the several companies.
Stock. — Locomotive engines, 89. Cars — passenger, 80 ; baggage, mail and ex-
press, 47 ; freight (box, 1,398 ; stock, 5 ; platform, 661 ; coal, 232), 2,296— total. 2,243. Also, 39
caboose and 19 other cars. Of the above, 9 locomotives, 400 box cars and 100 coal cars were
acquired through car trust Eight of the passenger cars are leased.
Operations for year ending September 30, 1886. — See tabulated statement below.
Expenses.— Maintenance of Way ......... $354,788 51
Maintenance of Cars ........... 121,631 96
Motive Power ................. 408,447 49
Transportation ................ 423.370 12
Miscellaneous .................. 86,873 10
Earnings.— Passenger $774,127 56
Freight 1,453,422 45
Mail 62,431 00
Express 54,586 17
Miscellaneous 62,225 94
Total ($4,430.36 per mile) $2,406,793 12
Total ($2,568.09 per mile) $1,395,117 18
Net earnings (42.03 per cent.), $1,011,675.94. Other receipts : Income from securities
owned, $22,9.">2.50 ; rents, $6,796.22— total available revenue, $1,041,424.66. Payments : In-
terest, $504,109.77; rentals, leased lines (Oswego and Rome RR., $46,750; Niagara Falls
Branch RR., $17,500; Utica and Black River RR., $113,465; Carthage, Watertown and
Sacketts Harbor RR., $11,654.79), $189,369.79 ; taxes, $100,181.74— total, $793,661.30. Sur-
plus, $247,763.36; surplus from last year, $55,994.10— total, $303,757.46.
General Balance Sheet, September 30, 1886.
Cost of Road and Equipment $15,612,917 11
Real Estate and Buildings, Oswego 57,974 47
Stocks and Bonds O wned 1 ,969,591 79
Commissioners of Sinking Fund.
Materials and Fuel —
Other Property and Assets
Bills and Accounts Receivable. . .
Due by Agents
Cash on Hand
178,500 00
143,414 01
139,078 74
37,803 58
87,459 34
257,597 14
Total Assets $18,484,336 7f
Capital Stock $5,390,100 00
Funded Debt 12,367,090 00
Bonds and Mortgage!- on Real Estate 33.000 00
Interest Due and Accrued 6,00000
Current Accounts 96,059 48
Lease Warrants on Locomotives 8,000 00
Unpaid Vouchers, etc. (since paid) 280,329 84
Profit and Loss... 303,75746
Total Liabilities $18,484,336 78
On the first day of April, 1878, this company made default in the payment of interest on
its consolidated bonds. In 1882 a reorganization was effected, by which the rate of interest
upon the consolidated mortgage bonds was reduced to 5 per cent, per annum ; and the accrued
and unpaid interest on the consolidated mortgage bonds up to July 1, 1882, was funded into
non-cumulative income morterage bonds, upon which such interest shall be paid as may be
earned, not exceeding 7 per cent, per annum. An assessment of $10 per share upon the
capital stock was also levied, stockholders receiving income bonds to the amount of the
assessments paid by them.
POOR'S MANUAL — ROME, WATERTOWN AND OGDENSBURG RR. CO. 311
Statement of funded debt in detail :
Classes of Bouds.
Property Mortgaged.
Issued.
Rate.
Mature.
Interest
Out-tand
Ing.
1st Mtg. (W. & R.)
Rome to Cape Vincent 95 28
July 12, 1856
^ Sept. 2, 1861
!• Mar.25, 187-2
July 1, 1874
July 1, 1871
April 1, 1882
Jan. 31, 1885
p.,
7
7
5
7
Sept. 1,1910*
Dec. 1, 1891
Jan. 1, 1892
July 1, 1922
July 1, 1901
July 1, 1932
Feb'y 1, 1915
M. &S.
J. & D.
J. & J.
A. & O.
J. & J.
Jan.
P. & A.
417,800
t 1,021 ,500
1,000,000
1 7,055,000
500,000
§ 2,094,290
100,000
IstMtg. (R. W. &O.)...
SdMtg. (R. W. & O.)...
Cons. Mtg. (R. W. & O.)
1st Mtg. (Syr. No.) ....
Inc. Mtg. (R. W. & O.)..
1st Mtg. (O. RR. Bdg). . .
j 1st Mtg. Wat't'n to Ogd. & Nor'd. .95.24
1 2d Mtg. Rome to Cape Vincent 95.28
Watert'n to Og'burg & Norw'd 95.24
j 1st Mtg. Oswego to Lewiston 146.00
1 General Mtg. Entire Property
Syracuse to Pula^ki 37 40
Entire Property Subject to Prior Liens
Oswego Railroad Bridge
6
* These bonds were originally 7 per cent., and fell due September 1, 1880, but were extended for 30 years at 6 per cent,
t Of the original issue ($1,200.000) $178,500 have been cancelled by sinking fund. $ $813,000 of those bonds are held by the
company and $712,000 are deposited with the Central Trust Co. for retirement of income bonds. § $1,724,345 of these bonds
are deposited with the Central Trust Co. under the terms of the plan for their retirement. Since the close of the fiscal year
the company has given notice that all outstanding bonds of this issue, amounting to but $50,000, will be paid April 30, 1887.
Interest on all bonds payable at the Central Trust Company, New York City. All bonds are coupon except the incomes of
1882, which are registered. The Watertown and Rome Ists are $100, $500, and $1,000 bonds ; the 1st 7s of 1891, $500 and
$1,000 bonds ; the bonds of all other issues are for $1,000 each.
Statement of operations, capital accounts, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated.
Passenger Train Miles..
408.88
661,380
417,C33
514,770
20,517,480
371,083
25,914,496
$
382,601
647,357
113,331
408.88
667,614
515,639
588,323
16,492,043
5H7,:»t
43,538,148
$
433,497
884,987
149,411
408.88
698,955
656,248
605,986
17,417,353
594,687
45,887,851
$
458,162
937,243
115,038
416.68
680,404
669,451
6S4,653
19,223.584
715,775
54,470,111
$
517,787
1,066,137
222,066
417.08
708,061
792,509
677,720
18,872,541
690,816
55,834,358
$
512,529
1,004,598
160,094
418.21
789,147
765,748
1,040,320
20,079,247
679,672
61,220,005
8
539,226
983,461
169,066
449.71
853,771
965,375
793,431
18,987,306
840,865
66,728,272
• $
526,617
1,048,492
127,623
543.25
1,155,203
1.095,759
1,040,014
26,580,145
1,128,864
105.270,929
774,128
1,4^3,422
179,243
Freight Train Miles
Passengers Carri ed
Passenger Miles
Freight (tons) Moved ... .
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous
Gross Traffic Earnings
Transportation Expenses. . .
Net Traffic Earnings.
1,143,289
834,640
1,467,895 1,510,443
980,156 1,202,354
1,805,990
1,380,156
1,677,221
1,393,447
1,691,753
1,152,749
1,702,732
1,180,231
2,406,798
1,495,299
308,649
487,739 308,089
425,834
8,505
283,774
17,010
539,004
30,512
522,501
40,640
911,494
29,749
Other Receipts
Net Income
308,649
24.000
250,848
487,739 308,089
24,000 24,000
260,535 229,440
434,339
55,500
220,349
*10,000
+ 148,490
4,33424
8,31227
1,021 97
76. 42 p. c.
2.693 C.
1.957 c.
$
5.293,SOO
10,710.580
33,000
73,762
98,109
151,041
300,784
64,250
373,714
'-137,186
4,021 34
3,340 96
68038
83. 08 p. c.
2.716 c.
1.799 c.
$
5,293,900
10,710,390
33,000
564.514
74.536
13,861
569,516
£4,250
403,754
14,827
+ 26,685
4,04523
2,756 39
1,28884
68. 14 p. c.
2,685 c.
1.606 c.
$
5,25)3,900
10,707,390
33,000
295,648
123,406
40,546
563,141
64,250
483,443
"+15,448
4,07123
2,618 43
1,45280
64. 32 p. c.
2.774 c.
1.571 c.
8
5,890.100
10,807,190
33,000
315,000
323,433
55,994
941,243
189,370
504,110
'+"247,763
4.430 36
2,752 51
1,67785
57.97 p. c.
2.912 c.
1.381C.
$
5,390,100
12,367.0iK)
33,000
Lease Rentals
Interest
Other Payments.
Balance + or —
+ 33,801
2,796 39
2,04128
75511
73. 12 p. c.
1.864 c.
2.501 c.
$
5,293.900
7,759,900
33,700
597,779
7,777
+ 203,204
3.590 04
2,397 17
1,19287
66.77 p. c.
2.628 c.
2.033 c.
$
5.293,900
8,622.500
SJ,000
397,143
7,935
+ 54,649
3,694 09
2,940 16
75393
79. 59 p. C.
2.634 c.
2.042 c.
$
5,293,900
8,618,700
33,000
403,426
83,833
2,551
Gross Earnings per Mile.. .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile..
Aver. Rate per ton per Mile. .
Capital Stock
Funded Debt
Real Estate Mortgages ... .
Bills Payable
Accounts and Liabilities. . .
Profit and Loss
390,389
303,758
Total Liabilities
13,693,056
12,361,514
169,669
658,785
129,290
91,081
27,416
255,361
14,354,478
12,419,684
1,409,1)09
230,643
131,647
57,023
15,416
38,293
52,098
14,435,410
12,386.470
1,399,669
230,643
143,123
260,089
15,416
16,360,392
12,509,642
I,399,6!i9
178,500
60,991
274,513
1,852,606
84,471
16,690,201
12,93S,195
1,215,669
178,500
61,933
298,621
1,919,722
77,561
16,493,890
15,037,286
988,056
178,600
79,564
96,435
57,347
56,702
16,924,717
15,300,882
930,262
178,500
131,321
165,044
14,935
204,^73
18,484,337
15.670.S92
1,909.592
178,500
143.414
139,079
37,804
345,056
Road, Equipment, etc
Stocks, Bonds, etc
Sinking Fund
Materials and Fuel
Other Assets
Bills and Accounts
Cash and Agents' Balances.
Profit and Loss
Total Assets
13,693,056
14,354,478
14,435,410
16,360,392
16,690,201
16,493,890
16,924,717
18,484,837
* Sinking Fund.
In April, 1886, holders of 80 per cent, of the income bonds of this company agreed to
exchange their bonds for 40 per cent, in consolidated mortgage 5s and 60 per cent in stock.
312
POOR S MANUAL OF RAILROADS.
Annual meeting, December 28, each year, in Utica, N. Y. Books close for annual meet-
ing thirty days prior thereto ; for dividends fifteen days prior to payment of same. Stock
to be voted must be owned thirty days. Stock, first mortgage R., W. & O., and consolidated
mortgage bonds listed on New York Stock Exchange. Capital stock authorized $10,000,000;
par value, $100 per s^hare. Registrar of stock and transfer agent, Central Trust Co., New
York. Trustees of bonds, P. B. Rogers and R. S. Williams.
RAILROADS LEASED OR OWNED BY THE ROME, WATERTOWN & OGDENSBUBG RR. Co.
CARTHAGE, WATERTOWN AND SACKETTS HARBOR RAILROAD.-Carthage, N.
Y., to Saeketts Harbor, N. Y., 29. 59 miles. Chartered Februarys. 1869; road opened in 1872. Leaded in per-
petuity to IJ. & B. R. RR. Co., and lease transferred to R.. W. & O. RR. Co.; rental, 37£ per cent, of gross earn-
ings. Capital stock (par, $100), $486,953 ; funded debt, 7 per cent. 20-year bonds, due July 1, 1891, interest pa}--
able January and July. $150,000 : 7 per cent. 20-year bonds, due October 1, 1893. interest payable April and
October, $150,000— total stock and bonds, $786,953. Cost, of road and equipment, $783,958.26. The bonds of 1891
are a first mortgage on the road from Carthnge to Watertown, and on rolling stock, etc.: the bonds of 1S93 are a
first mortgage on the road from Watertown to Sacketts Harbor, and second mortgage on road from Watertown to
Carthage. G. B. PHELPS, President ; 6. H. Sherman, Secretary and Treasurer. CORPORATE OFFICE, Water-
town, N. Y.
NIAGARA FALLS BRANCH RAILROAD.— Suspension Bridge to Lewiston Junction, N. Y.,
8.74 miles. Chartered December 24, 1875. Leased to R., W. & O. R. Co., November 1, 1881, at a rental (payable
semi-annually) of 7 per cent, on capital stock of $250,000, all but $7,000 of which is owned by lessee. Cost of
road, $243,756 ; due Rome, Watertown and Ogdensburg RR. Co., $6,244— total, $250,000. MARCELLUS MASSEY,
Piwident, 93 Joralemon Street, Brooklyn, N. Y.; L. H. Childs, Secretary. 26 Exchange Place, New York, N. Y.;
J. A. Lawyer, Treasurer, New York, N. Y. CORPORATE OFFICE, 96 Broadway. New York City.
NORWOOD AND MONTREAL RAILROAD.— Norwood to Massena Springs, N. Y.. 12.94 miles.
Organized March 1, 1884; road opened September 27, 1886. Leased March 1, 188C, to Rome, Watertown and
Ogdensburg RR. Co., the rental being interest on bonds. Road projected to run from Norwood. N. Y., to Fort
Covington, N. Y., a distance of 40 miles. Capital stock, $130,000 ; funded debt,' first mortgage 5 per cent. 30-
year bonds, dated March 6, 1886. interest payable April and October, $130,000— total stock and bonds, $260,000.
Contra; Cost of road, $254,408.56 ; cash and accounts, $5,591.44. CHARLES PARSONS, President ; Charles Parsons,
Jr., Vice- President ; J. A. Lawyer, Secretary and Treasurer. OFFICE, 96 Broadway, New York City.
OSWEGO AND ROME RAILROAD.— Richlimd to Oswego, 28.49 miles. Organized April 11, 1863 ;
road opened January 1, 1866. Leased to R., W. & O. RR. Co. at a rental of $46,750 per annum. Capital stock,
#225,000; funded debt, 1st mortgage 7 per cent, bonds, May 22, 1865-1915, $350,000; income 7 per cent, bonds,
February 1, 1866-91, $200,000 : temporary bonds, 7 per cent. 4-year, due August 1, 1870. $62,100 : 7 per cent, con-
vertible bonds, dated August 1, 1866, due 2866, $107,000 ; open accounts, $27.50— total stock, bonds, and ac-
counts, $944,127.50. Cost of road, $950,95-,'.76 ; construction accounts, $68,174.74. CHARLES PARSONS, President;
J. A. Lawyer, Secretary and Treasurer ; 96 Broadway, New York, N. Y.
ROCHESTER AND ONTARIO BELT RAILWAY. -Avenue E, Rochester, to Windsor Beach,
N. Y., 5.97 miles. Chartered January 31, 1882 ; road opened in July, 1883 ; placed in the hands of a receiver in
May, 1884 ; leased by order of court to Rome, Watertown and Osdensburg RR. Co., July 1, 1886. Capital stock,
$300,000 ; funded debt, 1st mortgage 6 per cent. 30-year gold bonds, due June 1, 1912, interest payable June and
December, $175,000 ; 6 per cent, receiver's certificates, dated April 15, 1885, due in 18 months, interest payable
April and October, $9,500 ; C. H. Stanton mortgage, $4,000 : interest due and accrued. $44,411.45 : accounts and
pay rolls, $33,429.59— total, $566.341.04. Contra : Cost of road and equipment, $540,770.60: materials and supplies,
$1,580.38; profit and loss, $23,983.06. CHARLES PARSONS, JR.. President, New York City; H. M. Briiton, Vice-
President and Receiver, Oswego, N. Y. ; J. A. Lawyer, Secretary and Treasurer, New York City, OFFICES, 96
Broad way, New York City, and Oswego, N. Y.
ROME, WATERTOWN AND OGDENSBURG TERMINAL RAILROAD.-A venue E to
Mills and State Streets, Rochester, 2 mile-. Completed from Avenue E to North Saint Paul Street, 0.9 mile, July
1, 1886. Organized June 22, 1886. Road operated by R., W. & O. RR. Co. pending completion. Capital stock
(authorized, $50,000; par, $100), $2,700; accounts, $3,890.74— total, $6,590.74. Contra: Cost of roaa, $3,981.94;
cash, $2,608.80. CHARLES PARSONS, JR., President ; Charles Parsons, Vice-President ; J. A. Lawyer, Secretary and
Treasure?: OFFICE, 98 Broadway, New York City.
SYRACUSE PHO3 NIX AND OSWEGO R AIL WAY. — Woodanls to Fulton. N. Y., 17.11
Jiiles. Gauge, 4 ft. 8f in. Rail, 56 Ibs. The Syracuse, Phoenix and Oswego Ry. Co., chartered November 29,
1871, to build from Woodards to Fulton, and the Syracuse Northwestern RR. Co., chartered September 19, 1874.
to build from Woodards to Haymarket Square in Syracuse, N. Y., were consolidated under the name of the
former June 10. 1875. Sold under judgment of Supreme Court January 31, 1885, and reorganized without
change of name February 16, 1885. Road opened as above September 7, 1885, and leased to the Rome, Watertown
and Ogdensburg RR. Co., Decembers, 1885. The Fulton and Oswego RR. Co., chartered December 18. 1885, to
build an extension of the Syracuse, Phoenix and Oswego to a point on the R., W. & O., in Oswego. road com-
pleted to Fulton in January. 1880, and leased to the R., W. & O. RR. Co., March 6, 18S6. was consolidated with
the Syracuse, Phoenix and Oswego Ry. Co., April 22, 1886. Capital stock. $516,000; funded debt, 1st mortgage
6 per cent. 30-year bonds, due February 16. 1915, interest payable February and August, $175,000: rental, $16,-
853.65— total, representing cost of road, $707.853.65. The authorized amount of bonds was $400,000, of which
$860,000 were issued for construction. Under the terms of the lease all but $175,000 of these were cancelled. The
remaining $50,000 can only be issued on the completion of the road to Haymarket Square in Syracuse. CHARLES
PARSONS. President ; Wm. B. Hull, Secretary and Treasurer. CORPORATE OFFICE, 96 Broadway, New York City.
UTICA AND BLACK RIVER RAILROAD.— Utica to Ogdensburg, N. Y., 133.94 : Clayton and
Theresa Branch, Theresa Junction to Clayton, N. Y., 15.87 miles— total, 149.81 miles. Consolidation, March 18,
1886, of the Utica atul Blnck River, Ogdensburg at;d Morristown and Clayton and Theresa RR. Cos. The Black
River and Utica RR. Co. was chartered January 31, 1853 ; road opened from Jtica to Boonville, 34.94 miles,
December 15, 1855. Defaulted in 1858. road sold under foreclosure March 31, 1860, and company reorganized as
Utica and Black River. Road extended from Boonville to Philadelphia. N. Y.. 48.73 miles, in 1873. The Black
River and Morri-town (chartered March 22, 1870; road opened from Philadelphia, N. Y., to Morristown, N. Y..
36.60 miles, November 4, 1875 ; leased from completion to U. & B. R. RR. Co.; rental, bond interest) was merged
October 1, 1883, the U. & B. R. increasing its stock by $275.000 and assuming $500.000 bonds of the B. R. & M;
RR. Co. The Ogdensburg and Morristown RR. Co. was chartered September 11, 1877, and road completed from
Morristown to Ogdensburg, N. Y., 10.67 miles, in 1878. Leased from completion to the U. & B. R. RR. Co., which
built it. The Clayton and Theresa RR.Co. was chartered February?, 1871; road opened from Clayton to Theresa,
POOR'S MANUAL OP BAILROADS. 313
N. Y., 15.87 miles, May 10, 1873. Leased from opening to U. & B. R. RR. Co.; rental, bond interest. On the 14th
of April, 1886, the Utica and Black River RR. was leased in perpetuity to the Rome, Watertowu and Ogdensburi:
RR. Co., at a rental equal to 7 per cent, on stock and interest on all bonds.
Operations for 6 months to April 1, 1886.— Train mileage— passenger, 172,857 ; freight. 153.837 ; other 4 9r,9—
total,* 331, 153 miles. Passengers carried, 150,513; carried one mile, 4.103.732. Tons freight moved 179320-
moved one m<le, 10,411.404. Earnings— passenger, SI 13. 779.44 ; freiirht, $265,fill.75 : other, $20,780.74— total
8400,171.93. Operating expenses and taxes, $207.8(18.06. Net earnings, $192.303.87. Add other receipts- snlr of
old material, interest, etc., $61.(i88.15— total available revenue, $2;>3,<t92.02. Payments: Interest «5ii 820 • rentals
$19,537.87 ; other, $3,316.61 : dividends, 7 per cent., $lBl,880-:total, $2;tf,004.4S. Balance, nurpius, glfi 9s7 52
Financial Statement, September 30, 1886.— Capital stock ($100 shares), $2,223,000 ; funded debt ($1 107000
Annual meeting, second Wednesday in November, at Utica, N. Y. Book* close ten days before dividend pny-
ments and thirty <lays before annual meeting, reopening immediately after either event. Dividends are declared
ten days prior to payment, which occurs on the 30th days of March and September, in New York. Tr. st^es of
bonds : Pnblins V. Rogers and Robert 8. Williams. Interest payable at Central Trust Co., New York. Registrar
of stock ; Central Trust Co., New York. Stock to be voted must be owned thirty days. Stock listed in New
York. JOHN THORN, President ; J. P. Maynard, Vice- President ; W. E. Hopkins, Treasurer: S. A. Lathrop,
Secretary, Utica, N. Y. CORPORATE OFFICE, Utica, N. Y.
Board of Directors R., W. & 0. RR. Co., elected December 28, 1886.
Charles Parsons. . .New York, N. Y.
Edwin Parsons New York, N. Y.
J. Q. A. Johnson.. New York, N. Y.
John S. Farlow Boston Muss.
Clarence S. Day. . .New York, N. Y.
John Thorn Utica. N. Y.
J. F. Maynard Utica, N. Y.
Wm. M. White... Canaseraga, N. Y.
William Lummis. .New York, N. Y.
Charles Parsons, Jr.New York, N. Y.
George Parsons New York. N. Y.
Walton Ferguson Stamford, Ct.
John M. Crouse Utica, N. Y.
CHARLES PARSONS, President New York City.
Vice-President— Clarence S. Day New York City. I Assistant Secretary— ~R. E. Smiley Walertown, N. Y.
2d Vice-Pre$ifient—C\\&*. Parsons, Jr ..New York City. General Manager— H. M. Britton Oswego, N. Y.
Secretary and Treat.— J. A. Lawyer New York City. | Auditor— C. L. Martin Oswego, N. Y.
PRINCIPAL OFFICE AND ADDRESS '. 96 Broadway, New York Ciiy, N. Y.
Transfer Agency Central Trust Co., New York City.
SARATOGA, MOUNT McGREGOR & LAKE GEORGE RAILROAD COMPANY.
Line of Road.— Saratoga Springs, N. Y., to Caldwell, N. Y 25.00 miles.
Completed : Saratoga Springs to Mount McGregor 10.50 miles.
Sidings, 0.47 mile. Gauge, 3 ft. Rail, 35 Ibs. per yard.
History.— Chattered February 27, 1882 ; road opened March 17, 3883. On the 20th of
February, 1883, the charter was amended so as to permit the company to acquire not exceed-
ing 1,500 acres of land for pleasure parks and hotels, and to construct hotels and other build-
ings thereon. Under authority of this act the company has acquired 1.040 acres of land,
upon which it has erected a hotel and other buildings, and other improvements are still going
on and contemplated.
Rolling Stock. — Locomotive engines, 2. Cars — passenger,?; baggage, etc., 1 ; freight
(platform), 4— total, 12.
Operations for year ending September 30, 1886. — Trains (passenger) run, 11,466 miles.
Passengers carried, 29,608; carried one mile, 296,208; average rate per mile, 4.6 cents.
Earnings— passenger, $13,518.68; mail and express, $51.37; miscellaneous, $57— total,
$13.627.05. Operating expenses, $6,082.19. Net earnings. $7,544.86 ; accrued interest on
bonds sold, $500— total available revenue, $8,044.86. Payments : Interest, $9,1,^0 ; rentals
land, $670 ; taxes, $607.35— total, $10,457.35. Deficit for the year, $2,412.49 ; deficit from
last year, $14,144.63— deficit to date, $16,557.12.
Financial Statement, September 30, 1886.— Capital stock, $380, 000; funded debt (1st mort-
gage 6 per cent. 10-20-year coupon bonds, due 1902, interest May and November, authorized,
$275,000 ; outstanding, $153,000; income 30-year bonds, due June 1, 1914, $165,000), $318,-
000 ; open accounts, $5,108.45 ; loans and bills payable, $150,000— total, $853,108.45.
Contra : Cost of road, $832,011.89 ; open accounts, $3,263.12 ; materials and supplies, $350 ;
cash on hand, $926.3°, ; profit and loss, $16,557.12— total, $853,108.45.
Annual meeting second Wednesday in January.
Directors (elected January 12, 1887).— John Kellogg, A. A. De Forest, John Warner,
314 POOR'S MANUAL OP RAILROADS.
Amsterdam, N. Y. ; W. J. Arkell, A. G. Richmond, Adam Smith, Edward S. Smith, Canajo-
harie, N. Y.; George West, Ballston Spa, N. Y.; D. H. Fonda, Win. B. French, Albany, N. Y.;
Howard Lock wood, New York, N. Y.; Titus Sheard, Little Falls, N. Y.; John D. Wendell,
John A. Zoller, Fort Plain, N. Y.
JOHN KELLOGG, President Amsterdam, N. Y.
W. J. Arkell, Vice-President Albany, N. Y.
A. G. Richmond, 2d Vice-President and Treasurer . . .Canajoharie, N. Y.
Secretary— Frank Jones Ballston Spa, N. Y. | General Manager— D. H. Fonda Albany, N. Y.
PRINCIPAL OFFICE AND ADDRESS Canajoharie, N. Y.
SCHOHARIE VALLEY RAILWAY COMPANY.
Line of Road. — Schoharie, N. Y., to Sehoharie Junction, N. Y 4.38 miles.
Sidings, etc., 0.6 mile. Gauge, 4 ft. 8£ in. Rail (steel, 4 miles), 50, 56 and 65 Ibs.
History. — Organized as Schoharie Valley Railway Co., July 15, 1865. Road opened
October 1, 1866 ; sold under foreclosure April 6, 1874 ; reorganized April 1, 1880.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1.
Operations for year ending September 30, 1886. — Trains (mixed) run, 10,000 miles. Pas-
sengers carried, 22,155 ; carried one mile, 110,775. Freight moved, 9,150 ; one mile, 45,750
tons. Earnings— passenger, $5,538.75 ; freight, $6,137.91 ; other, $627.00— total, $12,303.66.
Operating expenses and taxes, $7,760.20; net earnings, $4,543.46. Interest paid, $2,400.
Financial Statement, September 30, 1886.— Capital stock, $100,000 ; funded debt : 1st
mortgage 6 per cent, bonds, dated April 1, 1880, due October 1, 1899, interest April and
October, $40,000 ; interest due and accrued, $2,400— total, $142,400. Contra : Cost of road,
etc., $102,098.30 ; cash on hand, $2,143.46 ; profit and loss, $38,158.24.
Directors (elected April 1, 1887). — David B. Vroman, Charles Vroman, Lucian Vroman,
C. P. Vroman, Peter C. Vroman, W. J. Vroman, Mead J. Vroman.
DAVID B. VROMAN, President Schoharie, N. Y.
Peter C. Vroman, Vice-President Schoharie, N. Y.
Secretary— William J. Vroman Schoharie, N. Y. | Gcn.Man.,Supt.& Treas.—C.P. Vroman. Schoharie.N.Y.
PRINCIPAL OFFICE AND ADDRESS Schoharie, N. Y.
SHENANGO AND ALLEGHENY RAILROAD COMPANY.
Main Line of Road. — Greenville, Pa., to Billiard, Pa 47.0 miles.
( Morristown : Burnett, Pa., to Morristown, Pa 2.7
Branches : •] Coaltown : Branchtown, Pa., to Coaltown, Pa 3.1
( Qomersol: Branchtown, Pa., to Gomersol. Pa 4.0 — 9.8 miles.
Leased : West Penn and Suenaiigo Connecting Railroad 19.6 miles.
Total length of lines operated 76.4 miles.
Sidings (owned, 16.3; leased, 2.4), 18.7 miles. Gauge, 4 ft. 8i in. Rail (steel, 31.9 m.), 60 Ibs.
History. — Chartered March 20, 1865, under name of Bear Creek RR. Co. ; present name
adopted April 9, 1867. Road opened from Shenango to Pardoe, in October, 1869 ; to Harris-
ville, in July, 1872 ; to Billiard, in January, 1876, and from Shenango to Greenville, in
March, 1882. The Shenango and Allegheny RR. is operated in connection with the Mercer
Mining and Manufacturing Co., which owns mining rights in 46,000 acres of coal lands
located along the line of the railroad. The greater part of the capital stocks of both com-
panies is owned in England, and the shares are deposited with trustees, Henry W. Tyler and
Charles L. Young, for the purpose of keeping bcth properties under the same management
and subject to the same control. The deficit in the ndlroad company's operations is ordina-
rily more than provided for out of the earnings of the coal company. With a view of reor-
ganizing the affairs of both the railway and coal companies, Thomas P. Fowler was
POOR S MANUAL — SHENANGO AND ALLEGHENY RR. CO.
315
appointed receiver of both on the 15th of March, 1884, by the United States Circuit Court for
the Western District of Pennsylvania, on the application of the English trustees ; decree of
foreclosure was granted October 14, 1886; road sold April 19, 1887, and purchased for account
of stockholders by Thomas P. Fowler, the late receiver.
The West Penn and Shenango Connecting ER. is operated by this company for three
years from date of opening (September 10, 1883), at cost, after which the S. & A. RR. has the
option of leasing at 65 per cent, of gross earrings or consolidating. The returns of this road
are rendered separately. See GENERAL INDEX.
Rolling Stock, December 31, 1H86. — Locomotive engines, 9. Cars — passenger, 5; bag-
gage, etc., 3 ; freight box, 5 ; platform, 11 ; coal, 168 ; caboose, 4), 188— total, 196. Also, 2
tool and derrick cars. Of the above, 3 locomotive engines, 4 passenger and 106 coal cirs are
owned through car trusts. Two locomotives have been added to the above since the close of
the fiscal year.
Operations for year ending December 31. 1886. — Train mileage — passenger, 71,485 ;
freight, 89,494— total, 160,979 miles. Passengers carried, 94,606 ; carried one mile, 1,481,-
926 ; average mile rate, 2.31 cents. Tons freight moved, 389,636 ; moved one mile, 11,518,-
746 ; average ton-mile rate, 0.97 cent.
Earnings.— Passenger $34,207 50
Freight 111,321 82
Mail 2,598 40
Express 1,745 85
Miscellaneous... 198 50
Expenses.— Transportation $45,886 98
Motive Power 8,95281
Maintenance of Cars 7,835 73
Maintenance Way & Buildings. 32,475 51
General 11,32479
• Total ($1,964.29 per mile) $150,072 07 Total ($1,393.66 per mile) $106,475
Net earnings (29.05 per cent.), $43,596.25. Payments : Interest on bonds, $84,000;
interest on debt, $15,049.60— total, $99,049.60. Balance, deficit, $55,453.35; deficit from
last year, $246,083.21— total deficit, $301,536.56.
General Balance Sheet, December 31, 1886.
$1,515,43847 Capital Stock $200,00000
Cost of Road
Cost of Rolling Stock 254,407 03
Real Estate and Buildings 71,652 51
Materials and Fuel on Hand 15,806 28
Overcharges, etc 980 20
Current Accounts 32,751 81
Profit and Loss 301,53656
West Penn. & S. C. RR. Co. Fgt. T. Guar. 6,780 85
Total Assets $2,199,353 71
Funded Debt Outstanding 1,200,000 00
Bills Payable 105,764 18
Receiver's Certificates 155,849 87
Interest on Receiver's Certificates 10,837 03
Bond Int. (1st issue, $193,200; 2d, $119,000) 312,200 00
Miscellaneous Accounts* 115,656 70
Car Trust Warrants 26,93999
Vouchers, Wages, etc 72,K)5 94
Total Liabilities $2,199,353 71
Funded debt consists of two issues of first mortgage 7 per cent, coupon bonds as follows:
First issue, 20-year bonds, due April 1, 1889, interest April and October, $1,000,000 (secured
on 40 miles Greenville, south ; denominations $500 and $1,000); second issue, 30-year bonds,
due July 1, 1907, interest January and July (secured on remainder of line ; denominations,
$100, $500, $1,000), $200,000. The authorized amount of latter issue is $1,000,000. Interest
on bonds payable at National Bank of Commerce, New York. Trustees : fir*t issue, Henry
Rawle ; second issue, John M. Shedd. Annual meeting, first Tuesday in March ; books close
15 days prior thereto. Voting power attaches to stock after 15 days' ownership. Registrar
of stock, I. D. Stinson, Treasurer, Greenville, Pa.
Directors (elected May 27, 1885— no election since).— Thomas H. Wells, Paul Wick,
Youngstown, O.; William Waugh, James Sheakley, John R. Packard, Greenville, Pa.; A. H.
Steele, Titusville, Pa.
THOMAS P. FOWLER, Receiver New York City, N. Y.
JAMES T. BLAIU, President Gjeenville, Pa.
Thomas H. Wells, Vice-President Youngstowu, O.
General Manager— 3 . T. Blair... . ..Greenville, Pa, | Secretary—?. E. McCray Greenville, Pa.
Treasurer— 1. D. Stinson Greenville, Pa.
PRINCIPAL OFFICE AND ADDKESS Greenville, Pa.
* Union Coal and Coke Co., $18,711.87 ; Mercer Mining and Manufacturing Co., $96,944.83.
316 POOR'S MANUAL OP RAILROADS.
SILVER LAKE RAILWAY COMPANY.
Line of Road.— Perry, N. Y., to Silver Springs, N. Y 6.86 miles.
Sidings, etc., 1.75 miles. Gauge, 4 ft. 8£ in. Rail (steel, 2.25 miles), 56 Ibs.
History. — The Silver Lake RR. Co., chartered in 1869, and the Rochester and Pine Creek
RR. Co., chartered July 11, 1870, were consolidated under the name of the latter, and the
road was opened in 1871. Commissioners were appointed in 1884 by the Town of Perry, the
principal owner, with authority to sell the road. Sold June 1, 1886, for $128,000, the pur-
chasers organizing the present company and issuing $68,000 bonds on the property.
Rolling' Stock. — Locomotive engine, 1. Cars — passenger, 2; baggage, etc., 1.
Operations for year ending September 30, 1886. — Train mileage (mixed), 17,700 miles.
Passengers carried, 36,192; carried one mile, 212,950. Tons freight moved, 23,604; moved
one mile, 145,935. Earnings — passenger, $6,623. U7 ; freight, $10,'-)26.81 ; mail and express,
$1,139.01 — total, $17,984.19. Operating expeu&es and taxes, $14,777.78. Net earnings, $3,-
206.41. Add receipts from rent, $59.90 ; old rails, $3,995.06 — total available revenue, $7,-
261.37. Interest due and accrued, $1,432.30. Balance, surplus, $5,829.07.
Financial Statement, September 30, 1886.— Capital stock, $60,000 ; funded debt (1st
mortgage 6 per cent. 10-year bonds, dated June 1, 1886, interest *pay able June and December,
$68,000; interest accrued, $1,360; profit and loss, $3,005.12— total, $13->,;J65.12. Contra:
Cost of road, $128,000; due by agents, $744.02; bills receivable, $2,097.95; cash, $1,523.16
—total, $132,365.12.
Directors. — Arthur G. Yates, H. H. Warner, George E. Merchant, W. L. Kingman,
Charles H. Blakeslee, Rochester, N. Y. ; J. Lansing Moore, Alex. J. Briggs, Buffalo, N. Y.;
James Wyckoff, Richard T. Tuttle, Henry N. Page, Milo H. Olin, C. VV. G. Nobles, E. M.
Read, Perry, N. Y.
ARTHUR G. YATES, President Rochester, N. Y.
H. H. Warner, Vice- President and Treasurer Rochester, N. Y.
Secretary— Charles M. Blakeslee Rochester, N. Y. | Superintendent— J '. Lansing Moore Buffalo,N. T.
PRINCIPAL OFFICE AND ADDRESS Rochester, N. Y.
SINNEMAHONING VALLEY RAILROAD COMPANY.
Line of Road.— Keating Summit to Costello, Pa 12.23 miles.
Gauge, 4 ft. 8£ in. Rail (steel), 63, 70 and 72 Ibs.
History.— Chartered May 8, 1885. Road opened December 14, 1885.
Rolling Stock. — Locomotive engines, 2. Passenger car, 1 ; baggage, etc., 1.
Operations for year ending December 31, 1886. — Trains run (mixed), 5,634 miles. Pas-
sengers carried one mile, 38,063. Tons freight moved one mile, 596,102. Earnings— passen-
ger, $1,903.15; freight, $17,371.49; < ther, $95.39— total, $19,370.03. Expenses— transpor-
tation, $3,250.84; motive power, $5,130.77; maintenance of way, etc., $5,624.53; general,
$5,732.83— total, $19,738.97. Balance, deficit, $368.94.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $90,000. Contra:
Cost of road, $90,000.
Directors.— F. H. Goodyear, Buffalo, N. Y.; L. Taggart, J. L. Craven, Emporium, Pa.;
D. Burlingame, Sizerville, Pa.; M. M. Griffin, N. N. Metcalf, Wrights, Pa.; H. A. A very,
Forest House, Pa.
FRANK H. GOODYEAR, President Buffalo, N. Y.
C. W. Goodyear, Vice-President Buffalo, N. Y.
Secretary — N. N. Metcalf . .Forest House, Potter Co., Pa. | Treasurer— E>. O. Cheney Buffalo, N. Y.
PRINCIPAL OFFICE AND ADDRESS Forest House, Potter Co., Pa.
SKANEATELES RAILROAD COMPANY.
Line of Road.— Junction (N. Y. C. & H. R.) to Skaneateles, N. Y 5 miles.
Gauge, 4 ft. 8i in. Rail (steel, 2 miles), 54 and 56 Ibs.
History.— Chartered April 17, 1866 ; road opened October 1, 1867.
POOR'S MANUAL OF RAILROADS. 317
Rolling Stock. — Locomotive engines, 2. Cars— passenger, 2; baggage, etc., 2.
Operations for year ending September 30, 1886.— Trains (mixed) run, 14,510 miles. Pas-
sengers carried, 31,941 ; carried one mile, 154,048. Tons freight moved, 31,245 ; moved one
mile, 105 347. Earnings— passenger, $7,624.60 ; freight, $14,149.61 ; mail and express, $1,-
077.27; other, $1,082.00— total, $23,933.48. Operating expenses, $18,632.24. Net earnings,
$5,301.24. Payments : Interest on bonds, $1,990.00 ; dividend (number 8), 2 per cent., $1,556
—total, $3,546.00. Surplus, $994.59 ; surplus from last year, $7,959.85— total, $8,954.44.
Company has paid dividends as follows: In 1879 a dividend of 1 percent.; and in the
years from 1S80 to 1886 inclusive a dividend of 2 per cent, each — all ca^h.
Financial Statement, September 80, 1886.— Capital stock, $77,800; funded debt (1st
mortgage 7 per cent. 30-year bonds, dated July 1, 1879, interest January and July, $20,000 ;
1st mortgage 6 per cent. 30-year bonds, due July, 1909, interest January and July, $10,000),
$30,000 ; real estate, etc., sold, $11,431.54; interest due and accrued, $500; betterments
since opening of road, $45,171.15 — total, $164,902.69. Contra : Construction, equipment, etc.,
$155,948.25 ; cash, $8,954.44.
Annual meeting, first Tuesday in October. Books close 10 days before annual meeting
and the same length of time before dividend payment. Dividends payable yearly in Novem-
ber. Trustees of bonds : John H. Gregory and Julius H. Earll.
Directors (elected October 5, 1886). — John E. Waller, John McNamara, John H. Greg-
ory, Joab L. Clift, Lewis B. Fitch, Skaneateles, N. Y.; Gavin Morton, H. C. Sherman, Mott-
ville, N. Y.
JOHN E. WALLER, President Skaneateles, N. Y.
H. C. Sherman, Vice-President Mottville, N. Y.
Treat., Svpl., etc.— 3. McNamara Skaneateles, N. Y. | Secretary— George Barrow Skaneateles, N. T.
Master of Machine?!/— Martin Fennell Skaneateles, N. Y.
PRINCIPAL OFFICE AND ADDKESS Skaneateles, N. Y.
SLATE RUN RAILROAD COMPANY.
Line of Road. — Slate Run, Pa., to Terminus 10 miles.
Gauge, 3 ft. Eail (steel), 30 Ibs.
History.— Chartered December 17, 1885 ; road opened in July, 1886.
Rolling Stock. — Locomotive engines, 1. Logging cars, 25.
Operations from July to December 31, 1886. — Train mileage not reported. Tons freight
moved, 7,300 ; moved one mile, 73,000 ; average ton-mile rate, 5 cents. Freight earnings,
$3,650. Operating expenses, $2,203. Net earnings, $1,447.
Financial Statement, December 31, 1886. — Capital stock (authorized, $100,000 — par,
$100), $75,000. Contra : Cost of road, $64,000 ; equipment, $8,500— total, $72,500.
Directors. — William H. Jessup, William H. Jessup, Jr., George S. Jessup, H. C. Jessup.
Montrose, Pa. ; F. M. Weed, William S. Hill, Binghamton, N. Y.
JAMES B. WEED, President Binghamton, N. Y.
Secretary— William S. Hill . . . .Binghamton, N. Y. | Treasurer— F. M. Weed Binghamton, N. Y.
General Superintendent— E. C. Rodman Binghamton, N. Y.
PRINCIPAL OFFICE AND ADDRESS Montrose, Pa.
SOUTH MOUNTAIN RAILWAY COMPANY.
Line of Road.— Carlisle, Pa., to Pine Grove Furnace, Pa 17.78 miles.
Sidings, etc., 2 miles. Gauge, 4 ft. 9 in. Rail (steel, 8 miles), 56 Ibs.
History. — Organized in 1871, as the South Mountain Iron and RR: Co., and road opened
in 1873. Sold under foreclosure June 14, 1877, and reorganized in August of the same year,
as the South Mountain Railway and M'ning Co.
Rolling- Stock — Locomotive engines, 3. Cars— passenger, 1 ; baggage, 2 ; freight (box,
1 ; platform, 9 ; coal and ore, 10), 20 — total, 23.
318 POOR'S MANUAL OF RAILROADS.
Operations for year ending December 31, 1886. — Train mileage — passenger, 21.172 ;
freight, 20,300 — total, 41, 472 miles. Passengers carried, 41,472; carried one mile, 747,093 ;
average mile rate, 1.79 cents. Tons of freight moved, 60,640 ; moved one mile, 487, 9ol ;
average ton-mile rate, 3.64 cents. Earnings— passenger, $13,399.70; freight, $17,749.61;
mail, express, etc., $1,377.90 — total, $32,527.21. Expenses — transportation, $5,249.51 ; mo-
tive power, $5,908.66 ; maintenance of way, $7,125.64 ; general, $2,196.76— total, $20,480.57.
Net earnings, $12,046.64. Paid interest on bonds, $6,000. Balance, surplus, $6,046.64.
Financial Statement, December 81, 1886.— Capital stock (par, $50), $200,000 ; funded
debt, 1st mortgage 6 per cent, bonds, due April 1, 1898, interest April and October, $100 000
— total stock and bonds, $300,000. Contra: Cost of road, $342,841.34; equipment, $45,-
639.29 ; real estate, $1,200 ; stocks and bonds owned, $500 ; bills receivable, $21,368.99— total
assets, $411,549.62.
Annual meeting second Tuesday in March. Trustee of bonds, John Stewart, Cham-
bersburg, Pa.
Directors (elected in March, 1886). — J. C. Fuller, Pine Grove Furnace, Pa.; Jay Cooke,
Jay Cooke, Jr., 0. D. Barney, B. J. Woodward, John M. Butler, Philadelphia, Pa.; E. J.
Williams, New York, N. Y.
J. C. FULLER, President Pine Grove Furnace, Pa.
jSec. & Treas.—Wm.H. Woodward Carlisle, Pa. | Gen. Supt.—Wm. H. Woodward Carlisle, Pa.
PRINCIPAL OFFICE AND ADDRESS Carlisle, Pa.
Transfer Office (C. D. Barney & Co.), 114 South Third Street, Philadelphia, Pa.
SOTJTHFIELD BRANCH RAILROAD COMPANY.
Line of Road.— Southfields, N. Y., to Southfield Furnace, N. Y 1 mile.
Sidings, etc., 1 mile. Gauges, 6 ft. and 4 ft. 8£ in. Bail, 561bs.
History.— Chartered September 18, 1868.
Rolling Stock. — Locomotive engines (leased), 2.
Operations for year ending September 30, 1885. — Trains run (freight), 270 miles.
Freight moved, 1,512 tons. Gross earnings, $156.72; operating expenses, $191.72; deficit,
$35 ; deficit from last year, $619.62— total, $654.62.
Financial Statement, September 30, 1884.— Capital stock (par, $100), $1,000 ; floating
debt, $17,590.79— total, $18,590.79. Per Contra : Cost of road, $17,784.17 ; materials, $152 ;
profit and loss, $654.62.
Annual meeting, first Tuesday in April.
Directors.— A. W. Humphreys, Louis C. Clark, S. L. M. Barlow, E. S. Hamilton, P. T.
Barlow, Harry E. Dodge, New York, N. Y. ; J. P. Scott, Philadelphia.
A. W. HUMPHREYS, President New York City.
Treasurer— Louis C. Clark New York, N. Y. \ Secretary— James M. Scofleld New York, N. Y.
Superintendent— J. S. Ford Southflelds, N. Y.
PRINCIPAL OFFICE AND ADDRESS No. 45 William St., New York.
SOUTHERN CENTRAL RAILROAD COMPANY,
Main Line of Road. — North Fairhaven, N.Y., to State Line of Pennsylvania. 114.00 miles.
Leased : Ithaca, Auburn & West. By., Freeville, N. Y., to Auburn, N. Y 37.72 miles.
Trackage : Pa. & N. T. Canal & RR., State Line of Peun. to Sayre, Pa 2.30 miles.
Total length of lines owned and operated 154.02 miles.
Sidings, etc. (owned, 23.50 ; leased, 2), 25.50 miles. Gauge, 4 ft. 8J in. Kail (steel, 91.62
miles), GO Ibs.
History. — Chartered November 17, 1865. On the 1st of April, 1883, the company acquired
control of the Ithaca, Auburn and Western Ry. (which see) under lease. The Pennsylvania
and New York Canal and RR. Company's line is used to connect with the Lehigh Valley RR.
POOB 8 MANUAL— SOUTHERN CENTRAL RR. CO.
319
Rolling Stock, September 30, 1886.— Locomotive engines (owned, 19; leased, 2), 21.
Cars— passenger (owned, 9; leased, 2), 11; bnggnge, mail and express, 7; freight [box
(owned, 49 ; leased, 6 ; acquired by car trust, 100), 155; platform (owned, 102 ; leased, 10),
112; coal, 248], 515 — total revenue cars, 73-3. Also, 8 caboose cars.
Operations for year ending September 30, 1886.— Train mileage— passenger, 211,375;
freight, 287,668; other, 107,302— total, 606,345 miles. Passengers carried, 202,838; carried
one mile, 3,398,772 ; average mile rate, 2.73 cents. Tons freight moved, 495,668 ; moved one
mile, 43,132,661 ; average ton-mile rate, 0.70 cent.
Earnings.— Passenger $92,621 57
Freight 300,552 16
Mail 10,50360
Express 12,601 45
Miscellaneous J50,789 79
Expenses.^-Transportation $153,519 47
Motive Power i
Maintenance of Cars f 68,542 68
Maintenance Way and Buildings .06,411 72
General 27,142 55
Total ($3,033.52 per mile) $467,068 57
Net earnings (11.02 per cent.), $51,452.15.
Total ($2,698.46 per mile) $415,616 42
Paid interest on bonds, $171,353.49; other
interest, $614,40 ; rental, $12,600 ; taxes, $22,679.74— total, $207,247.63.
$155,795.48 ; deficit from last year, $545,491.33— total, $701,286.81.
General Balance Sheet, September 30, 1886.
Balance, deficit,
Cost of Road $4,375,105 91
Cost of Rolling Stock 465,918 19
Stocks and Bonds Owned 10,000 00
Paid on Car Trust 14,640 00
Bills Receivable 5,49531
Cash and Accounts 76,690 34
Profit and Loss 701,28681
Total Assets $5,649,136 56
Capital Stock $1,790,574 94
Funded Debt Outstanding 3,390,650 00
Certificates of Indebtedness 3,183 15
Current Accounts 60,371 58
Interest on Funded Debt due 341,374 85
Interest on Funded Debt not due 28,558 90
Vouchers and Pay Rolls 44,423 14
Total Liabilities $5,649,136 56
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad ,
114
226,229
207,166
151,291
2,774,236
411,487
34,917,848
$
78,887 07
314,637 17
62,042 84
114
219,677
262.3(55
14'.',387
2,834,737
556,836
44,614,386
$
75,715 48
389,423 54
61,29027
114
226,669
235,7-29
172,«15
3.345,205
518,014
44,081,261
$
90,722 99
389,456 04
63,131 20
154.02
219,127
219,045
177,653
3,935,669
480,485
36,981,098
$
99,615 03
353,138 03
59,147 16
154.02
217,929
230,375
189,445
3,704,602
466,666
39,763,260
$
105,495 82
319,061 37
59,772 71
154.02
217,090
266,974
203,512
3,349,482
437,023
34,519.806
S
94,645 49
289,412 78
70,178 62
154.02
211,375
MB.888
3,398,772
4i»5.t;«8
43,132,661
s
92,621 57
300.552 16
73,891 84
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passengers Carried One Mile.
Tons Freight Moved
Tons Moved One Mile
Passenger Earnings
Freight Earnings
Other Earnings
Gross Earnings
455,567 08
306,329 71
526,429 29
385,287 74
542,310 23
350,167 01
511,90022
281,32040
484.329 90
313,452 25
454,236 89
491,28469
467,068 57
415,61642
Operating Expenses
Net Earnings
149,237 37
3,996 5>0
2,687 10
1,309 10
67.24 p. c.
1.04 c.
.09 c.
$
I,790,2a5
2,717,050
88,992
141,141 55
4,617 80
3,379 72
1,23808
73. 19 p. c.
2.T4 c.
.087 C.
$
1,790,235
2,721,670
174,309
192,143 22
4,757 11
3,071 64
1^547
64. 57 p. c.
2.71 c.
.088 c.
$
1,790.235
2,723,240
312,450
230,579 82
3,323 60
1,826 52
1,497 08
54.96 p. C.
2.53 c.
.095 c.
$
1,790,325
2,923,860
241,884
170.867 65
3,144 59
2,035 20
1,10939
64.72 p. c.
2.85 c.
.080 c.
$
1.790,575
3,058,450
256,276
d«/.37,047 80
2,949 21
3,189 75
def. 240 54
lug. 16 p. c.
2.82 c.
084 c.
8
1,790,535
3.390,050
297,019
51,452 15
3,032 52
2,698 46
83406
88. 98 p. C.
2.73 c.
0.70
1,790.575
3,390,650
467,911
Gross Earnings per Mile
Expenses per Mile .
Net Earnings per Mile
Expenses to Earnings
Earnings per Pass, per Mile
Earnings per Ton per Mile
Capital Stock . .
BondedDebt
Bills and Accounts
Profit and Loss
Total Liabilities. . . .
4,59fi.277
4,290,880
78,871
226,526
4,686,214
4,330,2as
30,088
325,838
4,825,725
4,551,468
72,180
202,377
4.956,069
4,754, 55C
67,012
134,501
5,105,301
4,827,573
83,741
193,987
5,477,644
4,840,936
91,217
545,401
5,649,136
4,841,024
106,826
701,286
Construction, etc.
Cash and Cash Assets
Profit and Loss
Total Assets
4,596,277
4,686,214
4,825,925
4,956,069
5,105,301
5,477,644
5,649,136
The second mortgage bonds became due March 1, 1882, when the company proposed
to issue new consolidated mortgage 5 percent. 40-year bonds, dated February 1, 1882, and not
to exceed $3,400,000, for which the present firsts with coupons thereon should be exchanged
at par ; the L. V. RR. Co. to pay to the guaranteed seconds upon their maturity, and to receive
320 POOR'S MANUAL OF RAILROADS
in exchange for such an equal amount of new 5 per cents ; the $242,000 unguaranteed
seconds to be exchanged for $160,000 of new bonds, the balance to be applied to retiring the
present floating debt, betterment of the road, etc. In furtherance of this plan all the out-
standing bonds had been retired on September 30, 1884, with the exception of $90,000 1st
mortgage and $1,050 interest bonds. The company has deposited with the Metropolitan
Trust Co. of New York its consolidated bonds to meet the outstanding firsts and the
interest bonds. Annual meeting, second Wednesday in November. Books close for annual
meeting 30 days prior thereto. Ownership of stock for 30 days entitles holder to vote. In-
terest on bonds payable February and August.
On the 23d of December, 1886, the directors voted to lease this road for 975 years from
January 1, 1887, to the Lehigh Valley RR. Co. It was transferred by the lessee to the Penn-
sylvania and New York Canal and RR. Co., and is now operated as a division of that com-
pany's railroad.
ITHACA, AUBURN AND WESTERN RAII/WAY.-Freeville, N. Y., to Auburn, N. Y., 37.72
mile? ; total truck, 39.72 miles. Gauge, 4 ft. 8i in. Rail, 56 Ibs. Organized September 20, 1876, as successor to
the Western Extension of the New York and Oswego Midland RR. On April 1, 1883, the road was leased to the
Southern Central RR. Company for the term of its charter, at an annual rental equal to 33i per cent, of its gross
earnings, with a minimum guarantee of 4 per cent, interest on the $315,000 first mortgage bonds. Capital stock,
$975 800 ; funded debt first mortgage 7 per cent. 30-year bonds, due December 1, 1906. $315,000 ; second mortgage
7 per cent. 30-year bonds, due January 1, 1907, $498,090, $813,090 ; bills payable, $45,000 ; past dne interest, $41,-
070; sundry accounts, $2.000— total, $1,876,960. Contra: Cost of road, etc., $1,665,929.56. Sumner R. Stone,
Vice- Resident ; A. S. Barnes, Treasurer, New York City ; F. T. Peet, Secretary. COBPOKATK OFFICE, Auburn,
N.Y.
Board of Directors S. G. EE. Co., elected November 10, 1886.
E. P. Wilbur Bethlehem, Pa.
T. C. Platt .New York, N. Y.
John N. Knapp Auburn, N. Y.
E. R. Robinson Fairhaven, N. Y.
Win. Stevenson Sayre, Pa.
H. L. Storke Auburn, N. Y.
W. I. Cornwell Weedsport, N. Y.
E. D. Clapp Auburn, N. Y.
James G. Knapp Auburn, N. Y .
J. A. Thomas Moravia, N. Y.
D. A. Smith Auburn, N.Y.
John Taylor Mauch Chunk, Pa.
J. P. Cady Locke, N. Y.
T. C. PLATT, President 82 Broadway, New York, N. Y.
J. N. Knapp, Vice- President and Chairman Executive Board. Auburn, N. Y.
Secretary— D. A. Smith Auburn, N. Y. | Treasurer— H. L. Storke Auburn, N. Y.
PRINCIPAL, OFFICE AND ADDRESS Auburn, N. Y.
STATEN ISLAND RAPID TRANSIT RAILROAD COMPANY.
Main Line of Road.— Erastina, N. Y., to Tottenville, N. Y 6.30
Leased : Staten Island Ry. : Clifton, N. Y., to Tottenville, N. Y 12.70—19.00 miles.
2d track, 6.30 miles. Gauge, 4 ft. 8£ in. Rail (steel, 13.7 miles), 56 to 60 Ibs.
History.— Chartered April 14, 1880 ; road opened from Clifton to Tottenville, 1.17 miles,
July 31, 1884 ; as abov.e March 7, 1886. Projected to run from South Beach along the east
and north shores of Staten Island to Bowman's Point, opposite Elizabethport, N. J., a dis-
tance of about 12 miles. The Staten Island Ry. is leased for 99 years from August 1, 1884.
A controlling interest (51 per cent.) in the stock of this company was acquired by the Balti-
more and Ohio RR. Co., which proposes constructing an extension of its line to a connection
with this company's road at Tottenville, including the construction of a bridge over the
Arthur Kills. To provide adequate terminal facilities for the Baltimore and Ohio, this com-
pany made large purchases of land at New Brighton, Tompkinsville and Stapleton, the means
for these purchases being provided by an issue of $2,000,000 second mortgage 5 per cent. 40-
year bonds, due July 1, 1925, and interest payable January and July. These bonds are
guaranteed, principal and interest, by the Baltimore and Ohio RR. Company.
Rolling Stock, September 30, 1886. — Locomotive engines, 9. Cars— passenger, 64; freight
(box, 7 ; platform, 8), 15 — total, 79. Of which leased : 4 locomotive engines ; 13 passenger
cars ; 3 box and 4 platform freight cars. The company also leases 12 ferry-boats.
Operations for year ending September 30, 1886. — Train mileage — passenger, 176,475 ;
freight, 7,874; other, 11,689— total, 196,038 miles. Passengers carried, 4,427,166; carried
one mile, 15,495,081 ; average mile rate, 1.90 cents. Tons freight moved, 4,127 ; moved one
mile, 33,016 ; average ton-mile rate, 2.40 cents.
POORS MANUAL OP RAILROADS.
321
Earnings.— Passenger $279,241 58
Freight 7,806 93
Mail 656 04
Miscellaneous 10,909 93
Expenses.— Transportation $126,868 98
Motive Power and Care 18,125 28
Maintenance Way and Buildings. 21,306 67
General 38,474 86
Total ($10,515.54 per mile) $199,795 24
Paid interest on bonds, $74,583.34 ; rentals,
Total ($15,716.55 per mile) $298,614 48
Net earnings (33.09 per cent.), $98,819.24.
$80,600; taxes, $21,956.82; deficit from ferry operations, $36,658.36— total, $213,798.52.
Deficit, $114,979.28 ; deficit from last year, $56,434.07— total deficit. $171,413.35.
General Balance Sheet, September 80, 1886.
Cost of Road $6,876,323 64
Cost of Rolling Stock 165,201 23
Materials and Fuel on Hand 17,518 14
Due by Agents 756 84
Sundries 2,500 00
Current Accounts 519,848 14
Cash on Hand 41,063 06
Profit and Loss 171,413 25
Total Assets $7,794,624 30
Capital Stock $500,000 00
Funded Debt Outstanding 6,800,00000
Loans and Bills Payable 2.'1,890 90
Audited Vouchers and Pay-rolls 84,023 38
Interest Due and Accrued 41,756 67
Premium on Second Mortgage Bonds 70,000 00
Dividends and Coupons due Staten Isl. Ry. 26,953 35
Total Liabilities $7,794,624
Funded debt consists of $1,000,000 1st mortgage 6 per cent. 30-year $1,000 coupon bonds,
due October 1, 1913, interest payable April and October ; $1,300,000 2d mortgage 5 per cent.
40-year bonds, due January 1, 1926, interest payable January and July ; $4,500,000 income
bonds, dated November 21, 1885, due November 21, 1945.
Annual meeting, last Tuesday in April ; books close thirty days prior thereto. Interest
payable at company's office. United States Trust Co. trustee of bonds.
RAILROAD LEASED BY THE STATEN ISLAND RAPID TRANSIT RAILROAD.
STATEN ISLAND RAILWAY.-Tottenville, N. Y., to Clifton, N. Y., 12.70 miles. Sidings, etc.,
0.91 mile. Gauge, 4 ft. 8| in. Rail (steel, 7 miles), 56 and 60 Ibs. Chartered as Staten Island RR. Co. October 18,
1851 ; road completed in 1858. Placed in the hands of Win. H. Vanderbilt, as receiver, July 25, 1861 ; receiver
discharged in 1863, the indebtedness of the company having been paid. Capital increased in 1864 from $300,000
to $800,000, the increase being used in purchasing steamboats, landings, etc., for ferry purposes. In July, 1871,
the company became bankrupt, and in September, 1872, the property was sold under foreclosure. In April, 1873,
the present company was organized, and purchased tlie property for $480,000. Leased for 99 years from July 31,
1884, to the Staten Island Rapid Transit RR. Co., the rental being interest on bonds, dividends of $4 per share
payable quarterly on stock (par, $15), and $3,600 for organization expenses ; interest and dividends to be paid
directly to holders of stocks and bonds. The company owns 4 locomotive engines and20 cars. Rental in 1885-86,
$80,600. Payments— expenses, $2,802.95; interest on bonds, $21,000; dividends, 2(jf per cent., $56,000— total,
$79,802.95. Surplus, $797.05 ; surplus from last year, $128,528.59— total surplus, $129,325.64. Capital stock ($15
per share), $210,000 ; funded debt, 1st mortgage 7 per cent. 20-year bonds, dated April 1, 1873, interest April and
October, $300,000 ; interest on funded debt, $10,500 : unpaid dividends, $14,000; profit and loss, $129,3^.64— total,
t 663,825.64. Cost of road and equipment, $037,886.39 ; cash, $539.25 ; rentals, $25,400— total, $663,825.64 Divi.
ends paid January, April, July, and October, at lessees1 office. EKASTUS WIMAN, President ; Charles Watrous,
Vice- President ; Edward Curry, Secretary and Treasurer, New York, N. Y. CORPORATE OFFICE, New York, N. Y.
Board of Directors 8. 1. R. T. RR. Co., elected April, 1887.
J. F. Emmons Clifton, S. I.
Erastus Wiman.New Brighton, S. I.
H. Holton Wood. New Brighton, S. I.
A. B. Boardman.New Brighton, S. I.
James M. Davis. Grymes Hill, N. Y.
Charles Watrous. . . New York, N. Y.
Thomas M. King Baltimore. Md .
D. H. Bates New York, N. Y.
E. A. Leslie....
C. S. Sedgwick.
E. J. D. Cross . .
. .New York, N. Y.
..New York, N. Y.
Baltimore, Md.
A. C. Rose New York, N. Y.
C. P. Craig New York, N. Y.
J. FRANK EMMONS, President New York, N. Y.
Vice-President— Thomas M. King New York, N. Y.
Secretary — William Keutgen New York, N. Y.
Treasurer— W. H. Ijams Baltimore, Md.
Gen. Superintendent— Prank S. Gannon. New York,N.Y.
PRINCIPAL OFFICE AND ADDRESS. .Ferry Office, ft. Whitehall St., New York, N. Y.
STERLING MOUNTAIN RAILWAY COMPANY.
Line of Road.— Sterlington, N. Y., to Lakeville N. Y 7.6 miles.
Sidings and other tracks, 1 mile. Gauge, 4 ft. 8£ in. Rail (steel, 3 miles), 56 Ibs.
History.— Organized May 18, 1864, and road opened November 1, 1866.
Rolling Stock.— Locomotive engines, 2 ; Cars (freight, 144; caboose, 1), 145.
Operations for the year ending September 30, 1886.— Trains (mixed) run, 9,000 miles.
Passengers carried, 4,597; carried one mile, 22,985. Freight moved, 69,179 ; moved one mile,
406,789 tons. Earnings— passenger, $846.75 ; freight, $25,170.40 ; rents, $717.42— total,
21
322 POOR'S MANUAL OF BAILBOADS.
$26,734.57. Operating expenses and taxes, $19,809.90. Net earnings, $6,924.67. Interest
due and accrued, $13,557.97. Deficit, $6,633.30 ; deficit from last year, $212,759.93. Total
deficit, $219,393.23.
Financial Statement, September 30, 1886.— Capital stock (par, $100), $80,000 ; funded
debt, 1st mortgage income (non-cumulative) 7 per cent, bonds, $475,674 ; vouchers and pay-
rolls, $928.56 ; open accounts, $319.27 ; loans and bills payable. $167,874.77 — total, $724,-
796.60. Cost of road and equipment, $500,868.02 ; materials and supplies, $4,535.85 ; profit
and loss, $219,393.23. The bonds are due July 7, 1805, and are income up to 7 per cent.
They are indorsed or guaranteed by the Sterling Iron and Ry. Co.
Annual meeting first Tuesday in April.
Directors.— A. W. Humphreys, S. L. M. Barlow, Louis C. Clark, P. T. Barlow, E. S.
Hamilton, Harry E. Dodge, New York City ; James P. Scott, Philadelphia, Pa.
A. "W. HUMPHREYS, President New York, N. Y.
Treasurer L. C. Clark. | Secretary J. M. Scofield. | Superintendent E. B. Wilson.
PBINCIPAL OFFICE AND ADDRESS No. 45 William St., New York, N. Y.
STEWARTSTOWN RAILROAD COMPANY.
Line of Road. — New Freedom, Pa., to Stewartstown, Pa 7.2 miles.
Sidings, 1.05 miles. Gauge, 4 ft. 8£ in. Rail (steel), 50 Ibs.
History. — Chartered September, 1884 ; road opened September 12, 1885. Connects at
New Freedom with Northern Central Ry.
Rolling Stock, December 31, 1886. — Locomotive engine, 1. Cars — passenger, 1 ; plat-
form, 1.
Operations for year ending December 31, 1886. — Not reported. Earnings— passengers
and freight, $8,885.74; mail, $298.87; express, $287.56; miscellaneous, $1,798.57— total,
$10,770.74. Expenses— transportation, $1,260.73; motive power and cars, $1,699.29; main-
tenance of way, etc., $1,406.16 ; general, $994.85— total, $5,361.03. Net earnings, $5,409.71.
Payments: Intere&t on debt, $1,002.84 ; reduction of loans, $1,500; improvements, $2,127.20
— total, $4,630.04. Balance, surplus, $779.67 ; surplus from last year, $315.71— total surplus,
$1,095.38.
Financial Statement, December 31, 1886.— Capital stock (par $50), $48,865 ; loans, $21,-
500 ; current accounts, $521.53 ; other liabilities, $127.05 ; profit and loss, $5,409.71— total,
$76,423.29. Contra: Cost of road, $64,872.57; equipment, $7,168.52; real estate, etc., $2,-
069.85 ; materials, $797.99 ; bills receivable, $418.98 ; cash, $1,095.38— total, $76,423.29.
Annual meeting second Monday in January.
Directors (elected January 10, 1887). — Joseph W. Anderson, Andrew Anderson, Jacob
Althouse, A. G. Bowman, John B. Gemmill, William Hammill, Andrew Leib, James C. Jor-
dan, Stewartstown, Pa. ; John Y. Keeney, Shrewsbury, Pa. ; Milton W. Balm, New Free-
dom, Pa. ; John Marsteller, New Park, Pa. ; John Wiley, Norrisville, Md.
JAMES FULTON, President and Gen. Manager Stewartstown, Pa.
Joseph W. Anderson, Vice- President Stewartstown, Pa.
Sec. and Svpt.—36hn B. Gemmill Stewartstown, Pa. | Treasurer— Andrew Anderson Stewartstown, Pa.
Audior — James M. Hendrix Stewartstowu, Pa.
PRINCIPAL OFFICE AND ADDRESS Stewartstown, Pa.
STONY CLOVE AND CATSKILL MOUNTAIN RAILROAD COMPANY.
Line of Road.— Phcenica, N. Y., to Hunter, N. Y 14.30 miles.
Sidings, etc., 0.61 mile. Gauge, 3 ft. Rail (steel, 14.91 miles), 42 Ibs. per yard.
History. — CLartered January 18, 1881. Road opened from Phoeuica to Edgewood, 8
miles, September 28, 1881; to Hunter, June 24, 1882.
Rolling' Stock, September 30, 1886. — Locomotive engines, 2. Cars — passenger, 7 ; bag
POOR'S MANUAL OF RAILROADS. 323
gage, mail and express, 2 ; freight (box, 2 ; platform, 7), 9 ; service cars, 5— total care, 23.
Also, 12 sets transfer trucks.
Operations for year ending September 30, 1886.— Train mileage (mixed), 80,070 miles.
Passengers carried, 34,808 ; carried one mile, 355,122 ; average mile rate, 7.88 cents. Tons
freight moved, 13,416 ; moved one mile, 179,649 ; average ton-mile rate, 7.84 cents.
Expenses.— Transportation $1 1,647 87
Motive Power 1.082 46
Maintenance of Cars 1,887 13
Maintenance Way and Buildings. 8,460 50
General 4,340 64
Total ($1,917.35) per mile $27,418 10
Earnings.— Passenger $27,973 95
Freight 14,08870
Mail 796 55
Express 565 48
Miscellaneous 32000
Total ($3,059.08 per mile) $43,744 68
Net earnings (37.32 per cent.), $16.326.58. Payments: Interest on bonds, V'10,500 ;
on floating debt, $157.12 ; dividend No. 2 (5 per cent.), $6,200 ; taxes, $1,642.73— total, $18,-
499.85. Balance, deficit, $2,173.27 ; surplus from last year, $10,489.30— surplus, as per bal-
ance sheet, $8,316.03.
General Balance Sheet, September 30, 1886.
Cost of Road... $288,876 01
Cost of Equipment 54,864 84
Materials and Fuel on Hand 17550
Current Accounts 8,399 26
Cash on Hand 5,159 65
Total Assets $357,475 26,
Capita] Stock (par, $100) $124,000 00
Funded Debt Outstanding 210,000 00
Current Accounts 15,15923
ProfltandLoss 8,31603
Total Liabilities $357,475 26
Funded debt consists of first mortgage 5 per cent. 30-year coupon $1,000 bonds, due April
1, 1911, interest payable April and October, secured on road and equipment.
Annual meeting, second Monday in January. Interest and dividends payable at office of
the company. Trustees of bonds, Farmers' Loan and Trust Co., New York, N. Y.
Directors. — Samuel D. Coykendall, George Coykendall, Abel A. Crosby, Alva S. Staples,
James G. Lindsley, Isaac M. North, Samuel Coles, Peter E. Schoonmaker, Koudout, N. Y.;
Horatio S. Lock-wood, Hunter, N. Y.; John Dawson, Henry C. Swain, Joel W. Mason, New
York, N. Y.
SAMUEL D. COYKENDALL, President Rondout, N. Y.
George Coykendall, Vice-President and Superintendent Rondout, N. Y.
Secretary and Treas.— Samuel Coles Rondout, N. Y. | Auditor— Oscar L. Eastman Rondout, N. Y.
PRINCIPAL OFFICK AND ADDBESS Rondout, N. Y.
STONY CREEK RAILROAD COMPANY.
Main Line of Road. — Norristown, Pa., to Lansdale, Pa 10.30
State Asylum Branch : Asylum Junction to State Asylum 0.85 — 11.15 miles.
Sidings, etc., 2.24 miles. Gauge, 4 ft. 8£ in. Rail (steel, 5.32 miles), 56, 68 and 70 Ibs.
History. — Chartered April 14, 1868 ; road opened January 1, 1874.
The company owns one caboose car. All other rolling stock is furnished by the Philadel-
phia and Reading RR. Co.
Operations for year ending October 31, 1886.— Train mileage— passenger, 42,370 ;
freight, 16,120 — total, 58,490 miles. Passengers carried, 106,099 ; carried one mile, 752,795 ;
average mile rate, 2.47 cents. Tons freight moved, 257,594 ; moved one mile, 2,355,801 ;
average ton-mile rate, 1.64 cents.
Etrningg.- Passenger $18,631 16
Freight 38,688 40
Mail... 57710
Total ($5,192.53 per mile) $57,896 66
Expense*.— Transportation $28,290 62
Maintenance Way, etc 17,174 10
General... 3,02356
Total ($4,348.72 per mile) $48,488 28
Net earnings (16.25 percent.), $9,408.38. Add rents, etc., $1,102.10— total, $10,510.48.
Payments: Interest paid by P. and R. RR. Co. under North Pa. RR.Co. guarantee, $24,500;
taxes, $730.48 ; other interest, $330; insurance, wharf rent and real estate, $1,596.66— total,
$27,157.14. Balance, deficit, $16,646.66 ; deficit from last year, $347,729.43; deficit as per
balance sheet, $364,376.09.
324
POOR S MANUAL OF RAILROADS.
General Balance Sheet, October 31, 1886.
Cost of Road $454,869 16
Cost of Rolling Stock 397 34
Real Estate 46,569 31
Right of Way 42,269 07
Materials on Hand 9,11569
Amounts due 5,564 96
Current Accounts 300 00
CashonHand 18,74446
Profit and Loss 864,376 09
Capital Stock (par, $50) $176,100 00
Funded Debt Outstanding 350,000 00
Accounts due 2,848 50
Current Accounts 39,833 61
N. P. RR. Co. 's Account 181,24767
P. and R. RR. Co. Coupon Account 171 ,430 00
Mortgages, etc 5,50000
Instalments on Stock 88464
Coupons Unpaid and Accrued 14,361 66
Total Assets $942,206 08 Total Liabilities $942,206 08
Funded debt consists of 1st mortgage 7 per cent. 35-year coupon $1,000 bonds, due Octo-
ber, 190*7, interest payable April and October.
Annual meeting, third Monday in January. Interest on bonds guaranteed by Philadel-
phia and Reading RR. Co., and payable at that company's office in Philadelphia.
Directors (elected January 17, 1887).— A. R. Cox, F. D. Sower, John Slingluff, Daniel
C. Getty, E. C. Potts, J. P. Hale Jenkins, John Oberholizer, Norristown, Pa.; Oliver G. Mor-
ris, Line Lexington, Pa.; David S. Heebner, John S. Heebner, Lausdale, Pa.; Samuel
Dresner, Norritonville, Pa.; Joshua Comly, Philadelphia, Pa.
JAMES BOYD, President Norristown, Pa.
Secretary and Treat— Howard Boyd..NorriEtown, Pa. | Supt.and Engineer— G. B. Boggs.. Norristown. Pa.
PRINCIPAL OFFICE 318 Dekalb Street, Norristowu, Pa.
STRASBURG RAILROAD COMPANY.
Line of Road. — Leaman Place to Strasburg, Pa 4.5 miles.
Sidings, etc. , 1 mile. Gauge, 4 ft. 8£ inches. Rail, 45 Ibs.
History. — Chartered June 9, 1832. Road built and opened in- 1837. For several years
this road was operated at a loss, and the company becoming embarrassed, its property was
sold under foreclosure in April, 1859, and the company reorganized. Purchased in 1874 or
1875 by its present owners, and leased by them to Isaac Phenegar, at an annual rental of
$1,500, less cost of repairs. The road is chiefly used for the transportation of coal, timber
and feed from the Philadelphia division of the Pennsylvania RR. to Strasburg.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; freight, 1.
HENRY BAUMGARDNER, President Lancaster, Pa.
Thomas Baumgardner, Treasurer Lancaster, Pa.
PRINCIPAL OFFICE AND ADDRESS Lancaster, Pa.
SUBURBAN RAPID TRANSIT RAILROAD COMPANY.
line of Road.— In New York City 0.96 mile.
2d track, 0.96 miles. Sidings, 0.21 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.
History.— Chartered October 19, 1880, and road opened May 17, 1886. It runs from
129th Street and Second Avenue, crossing the Harlem River, thence between Alexander and
Willis Avenues to 143d Street, with branch from north end of bridge to a connection with
Portchester Branch of N. Y., N. H. & H. RR. Contracts have been let for 1.5 miles of
elevated road, to be completed early in 1887. The rights, franchises, etc., of the New York,
Fordham and Bronx Ry. Cos. was acquired by leases dated March 17, 1886, aud subsequently
by merger agreements dated April 9 and 27, 1886.
Rolling Stock, September 30, 1886. — Locomotive engines, 6. Passenger cars, 20.
Operations.— Passenger train mileage, 24,700. Passengers carried, 160,301. Earnings
(passenger), $9,058.40. Operating expenses, $11,596.49. General expenses since date of
organization, $161,104.62— total, $172,701.11. Deficit, $163,642.71.
Financial Statement, September 30, 1686.— Capital stock (par, $100), $641,865 ; loans
POOR'S MANUAL OF RAILROADS. 325
and bills payable, $491,854.17— total, $1,133,719.17. Contra: Cost of road, $840,!580.83 ;
equipment, $82,724.78 ; stocks, $14,301.25 ; cash, $30,879.10 ; materials, etc., $1,572.50;
profit and loss, $163,642.71— tola], $1,133,719.17.
Annual meeting, second Monday in October. Capital stock authorized, $6,600,000.
Directors. — Samuel R. Filley, J. Piermont Morgan, J. Hood Wright, Edward D. Adams,
George Bliss, Jay Gould, Cyrus W. Field, Russell Sage, John H. Hall, New York, N. Y.
SAMUEL R. FILLEY, President New York, N. Y.
Lewis R. Pomeroy, Secretary and Treasurer New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 40 and 42 Wall Street, New York, N. Y.
SUMMIT BRANCH RAILROAD COMPANY.
Main Line of Road.— Lykens Valley RR. to Summit Tunnel, Pa 0.75
Leased : Lykens Valley RR.: Millersburg to Williamstown, Pa 19.70 — 20.45 miles.
Sidings and other tracks, 11.52 miles. Gauge, 4 ft. 9 in. Rail (steel, 19.96 miles), 45-60 Ibs.
This road and leased line are operated under contract by the Northern Central Ry. Co.
Rolling Stock. — Locomotive engines, 6. Cars — passenger, 2; freight, 8.
Operations for year ending December 31, 1886. — Train mileage — passenger, 3,470 ; freight,
51,253 — total, 54,723 miles. Passengers carried, 34,920 ; carried one mile, 361,374. Tons
freight moved, 407,072 ; moved one mile, 7,007,046. Earnings — passenger, $9,930.79 ; freight,
$111,697.51 ; mail and express, $1,403.12; other, $1,455.32— total, $124,486.74. Expenses-
transportation, $24,113.61; motive power, $17,782.69; maintenance of cars, $2,127.46; main-
tenance of way and buildings, $16,262.79; general, $1,700.23— total, $61,986.78. Net earn-
ings, $62 499.96. Payments : Rental, Lykens Valley RR. Co., $62,500.
The Summit Branch RR. Co. paid its first dividend, 3 per cent., in July, 1868. In Janu-
ary, 1869, it paid 5 per cent., and regular semi-annual dividends of 3 per cent: each thereafter
until January, 1876, since when no dividends have been paid. Dividends paid, 16 ; aggre-
gating 50 per cent.
LYKENS VALLEY RAILROAD.— Millersburg to Williamstown, Pa., 19.70 miles. Sidings, etc.,
8.55 miles. Kail— iron, 45 and 60; steel (19.96 miles), 60 Ibs. Chartered April 7, 1830; road opened in 1839.
Leased March 1, 1866, for 999 years to Summit Branch RR. Co., and operated by that Co. until June 30, 1880, since
which time it has been operated by Northern Central Ry. Co., as asent for lessees. Rental for year ending De-
cember 31, 1884, $62,500 ; other receipts, §526.77— total, $63.026.77. Expenses and taxes, §1,628.03. Net income,
$61,398.74. Dividends (2. 5 per cent, each January, April, July, and October), $60,000. Surplus, $1,398.74. Cap-
ital stock (par, $20), $600,000 ; profit and loss, $6,436.51— total, $606,436.51. Construction, etc., $595,767.24; profit
and loss, $10.669.27. WM. A. NASH, President; Fred. A. Platt, Treasurer and Secretary, New York, N. Y.
Board of Directors Summit Branch RR. Co., elected February, 1887.
George B. Roberts. Philadelphia, Pa.
A. J. Cassatt Philadelphia, Pa.
Edmund Smith Philadelphia, Pa.
J. N. Du Barry. . . .Philadelphia, Pa.
John P. Green Philadelphia, Pa.
N. P. Shortridge... Philadelphia, Pa.
Wistar Morris Philadelphia, Pa.
I. J. Wistar Philadelphia, Pa.
Wm. J. Howard.. .Philadelphia, Pa.
Wm. H. West Boston, Mass. | George F. Swift Andover, Mass.
GEO. B. ROBERTS, President Philadelphia, Pa.
I. J. Wistar, Vice- President Philadelphia, Pa.
Treasurer— Arthur Haviland Philadelphia, Pa. | Secretary— A.. Mordecai Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Philadelphia, Pa.
SUSSEX RAILROAD COMPANY.
Main Line of Road.— Waterloo, N. J., to Franklin, N. J 24.37 miles.
Branchmlle Branch : Lafayette to Branch ville, N. J 6.50 miles.
Total length of main line and branch 30.87 miles.
Sidings, etc., 4.39 miles. Gauge, 4 ft. 8i in. Rail (steel, 23.39 miles), 52 Ibs.
History. — Chartered February 4, 1853 ; main line opened December 11, 1854. Since
August, 1881, the main line and Branchville branch have been operated by the Delaware,
Lackawanna and Western RR. Co. The South Vernon branch was sold about same time to
the Lehigh and Hudson River Ry. Co. Separate accounts are kept of the earnings, expenses
and traffic operations of this line.
£26 POOR'S MANUAL OF RAILROADS.
Rolling Stock. — Locomotive engine?, 7. Cars — passenger, 1 ; baggage, mail and express,
3 ; freight, 50— total, 54. Also, 7 service cars.
Operations for year ending December 81, 1886. — Trains run — passenger, 55,483 ; freight,
49,062— total, 104,545 miles. Passengers carried, 79,434 ; carried one mile, 838,100. Tons
freight moved, 151,357; moved one mile, 2,946,377. Earnings — from passengers, $21,185.73;
from freight, $45,617.47; from other sources, $21,722.62— total, $88,525.82. Operating ex-
penses and taxes, $69,980.77. Net earnings, $18,545.05. Paid interest on bonds, $16,555.
Financial Statement, December 31, 1886.— Capital stock, $1,638,600; funded debt, 1st
mortgage 7 per cent. 30-year bonds, due April 1, 1903, $236,500 — total stock and bonds, $1,-
875,100 ; other debt, $29,285— total liabilities, $1,904,385. Contra : Cost of road and equip-
ment, $1,911,429.34.
Directors.— John I. Blair, P: R. Pyne, Samuel Sloan, F. H. Gibbens, S. Griffith, A.
Reasoner, A. D. Chambers, M. T. Pyne, B. A. Hegeman, W. S. Sloan.
ANDREW REASONEB, President and Superintendent Hoboken, N. J.
Secretary— Fred P. Chambers New York, N. Y. | Treasurer— Frederick H. Gibbens New York.
ADDRESS 26 Exchange Place, New York, N. Y.
SYRACUSE AND BALDWINSVILLE RAILROAD COMPANY.
Line of Road.— Baldwinsville, N. Y., to Amboy, N. Y 6 miles'
Sidings, etc., 2 miles. Gauge, 4 ft. 8| in. Rail
History. — Chartered in 1886, and road opened January 1, 1887. Connects at Amboy
with the West Shore RR
Financial Statement.— Capital stock (par, $100), $60,000; funded debt, 1st mortgage 6
per cent. 50-year $500 bonds, $160,000 — total stock and bonds, representing cost of road,
$220,000.
Directors. — John T. Skinner, Wallace Tappan, W. W. Downer. Alex. Hamill, Jacob
Amos, James Frazee, W. F. Morris, A. T. Hotaling, Bnldwinsville, N. Y. ; P. B. McLennan,
Syracuse, N. Y.; D. L. Wing, Springfield, 111.; F. C. Hollins, W. R. Johnson, P. K. Green,
New York City.
JOHN T. SKINNEB, President Baldwinsville, N. Y.
Wallace Tappan, Vice President Baldwinsville, N. Y.
Treasurer— P. K. Green New York City. I Secretary— W . W. Downer Baldwinsville, N. Y.
Manager— Alex. Hamill Baldwinsville, N. Y.
PRINCIPAL OFFICE AND ADDRESS. . Baldwinsville, N. Y.
SYRACUSE, BINGHAMTON AND NEW YORK RAILROAD COMPANY.
Line of Road.— Geddes, N. Y., to Binghamton, N. Y 81 miles.
2d track, 31.50 ; siding*, 34.86 m. Gauge, 4 ft. 8* in. Rail (steel, 125.65 m.), 60 to 67 Ibs.
History. — Chartered as Syracuse and Binghamton RR. Co., August 13, 1851, and road
opened October 18, 1854. Reorganized, after foreclosure, April 80, 1857, and fince controlled
by Delaware, Lackawanna and Western RR. Co.
Rolling1 Stock. — Locomotive engines, 20. Cars — passenger, 9; baggage, mail, etc., 3 ;
freight (box, 488 ; platform, 80), 568 — total, 580. Also, 56 service and 9 caboose cars.
Operations for year ending December 31, 1886. — Train mileage — passenger, 254,409 ;
freight, 417,569— total, 672.038 miles. Passengers carried, 242,814 ; carried one mile, 6,828,-
749 ; average mile rate, 3.29 cents. Tons of freight moved, 1,257,346 ; moved one mile,
74,828,208 ; average ton-mile rate, 0.72 cents.
Expenses.— Maintenance of Way $173,871 37
Earnings.— Passenger $173,808 00
Freight 509,677 09
Mail, Express, etc 83,194 16
Total ($9,465.17 per mile) 8766,679 25
Rolling Stock 78,916 50
Transportation, etc 220,952 77
Total ($5,848.65 per mile) $473,740 64
POORS MANUAL OF BAILBOAD8. 327
Net earnings (38.21 per cent.), $292,938.01. Payments : Interest on bonds, $141,400 ;
dividends (March, June, September and December, 1^ per cent, each), $150,000— total, $291,-
400. Surplus, $1,538.61.
Financial Statement, December 31, 1886.— Capital stock, $2,500,000; funded debt,
$2,020,000 ; current accounts, $110,469.07 ; profit and loss, $246,089.46— total, $4,876,558.53.
Per Contra : Railroad and equipment, $4,637,569.64 ; materials, $20,564.13 ; current accounts,
$213,652.54 ; cash on hand, $4,772.22.
Funded debt consists of $270,000 2d mortgage (first cancelled) 7 per cent. 20-year ($1,000
coupon) bonds, due June 1, 1887, interest June and December, and $1,750,000 consolidated
mortgage 7 per cent. 30-year ($1,000 coupon and registered) bonds, due October 5, 1906, in-
terest April and October,
Directors.— Samuel Sloan, Percy R. Pyne, George Bliss, Uriel A. Murdock, Fredk. H.
Gibbens, Fred F. Chambers, Benjamin G. Clark, Moses Taylor Pyne, Edgar S. Auchincloss,
E. R. Holden, W. S. Sloan, New York, N. Y. ; E. F. Holden, Syracuse, N. Y. ; Arthur D.
Chambers, Orange, N. J.
SAMUEL SLOAN, President New York City.
Secretary— Fred. F. Chambers. New York City. | Treasurer— Fredk. H. Gibbens New York City.
ADDRESS No. 26 Exchange Place, New Yoik City.
SYRACUSE, GENEVA AND CORNING RAILWAY COMPANY.
Main Line of Road.— Corning, N. Y., to Geneva, N. Y 57.75
Dresden Branch : Penn Yan, N. Y., to Dresden, N. Y 6.43—64.18 miles.
Sidings, etc., 20.42 miles. Gauge, 4 ft. 8£ in. Rail (all steel), 62 and 76 Ibs.
History. — Chartered August 27, 1875 ; road opened December 10, 1877. Leased to and
operated by the Fall Brook Coal Co. Rental 33£ per cent, of its gross receipts. On October
1, 1885, the Syracuse, Geneva and Corning Ry. Co. was consolidated without change of name
with the Penn Yan and New York RR. Co., a corporation organized in 1877, and whose line
extending from Penn Yan to Dresden, 6.4 miles, was completed and opened in the summer
of 1885.
Rolling Stock (owned by lessee and employed in operating all its leased lines). — Loco-
motive engines, 55. Cars — passenger, 21; baggage, mail, etc., 8; freight (box, 90; plat-
form, 34; gondola, 1,293; coal, 594), 2,011— total, 2,040. Also, 38 caboose, and 165 other
cars.
Operations for year ending September 30, 1886 (Lessee's report). — Trains run (passenger,
109,219 ; freight, 490,596), 599,815 miles. Passengers carried, 150,638 ; carried one mile,
2,546,394; average mile rate, 2.34 cents. Tons, freight moved, 1,988,255 ; move one mile,
110,265,099 ; average mile rate, 0.53 cent. Earnings : Passenger, $49,508.88 ; freight,
$577,547.47; other, $11,865.13— total, $638,921.48. Expenses: Maintenance of way, $124,-
747.37 ; rolling stock, $60,772.72 ; transportation, $160,041.30 ; miscellaneous and taxes,
$125,925.98— total, $471,487.37. Net earnings, $167,434.11. Paid rent of road, S., G. & C.
Ry. Co., $212,973.83. Deficit, $45,539.72.
Lessor's Income Account for year ending September 30, 1886. — Rental, $212,973.83 ; in-
terest on deposits, etc., $20,190.38 — total, $233,164.21. Payments : Interest on funded debt,
$92,944.88 ; dividends (March and September 1, 1886, 3 per cent, each), $79,500 ; taxes, $2,-
400 ; salaries, etc., $2,361.76— total, $177,206.64. Surplus, 55,957.57; total surplus, $467,-
366.51.
Financial Statement, September 30, 1886 (Lessor' sreporf).— Capital stock (par. $100),
$1,325,000 ; funded debt, 1st mortgage coupon 7 per cent. 30-year ($100 and $1,000) bonds,
due November 15, 1905, interest payable May and November, $897,200 ; 2d mortgage coupon
5 per cent. 30-year ($1,000) bonds, due March 1, 1909, interest payable March and September,
$600,000 ; interest ou funded debt accrued, $20,636.41 ; profit and loss, $467,366.51— total,
$3,310,202.92, Contra: Cost of road, $3,019,953.99. Cash— to meet right of way, $223,936.-
84; cash on hand, $66,312.09.
328 POOR'S MANUAL or RAILROADS.
Annual meeting second Thursday in May. Books close for annual meeting about 30 dnys
prior thereto ; for dividends about 15 days prior to payment of same. Dividends payable at
Treasurer's office. Interest on first mortgage bonds payable at the Farmers.' Loan and Trust
Co., New York City ; on 2d mortgage bonds at office of Treasurer, Grand Central Depot, New
York. Farmers' Loan and Trust Co. trustee of 1st mortgage bonds, and E. D. Worcester
and I. P. Chambers, trustees of 2d mortgage bonds. Both issues of bonds are secured on the
main line from Corning to Geneva. Stock must be owned 30 days to entitle holder to vote.
Directors. — George J. Magee, Daniel Beach, Abram S. Stothoff, John Lang, Watkins,
N. Y. ; Alexander Olcott, Corning, N. Y. ; Edwin D. Worcester, Dwight W. Pardee, Isaac
P. Chambers, Charles C. Clarke, Samuel F. Barger, Chauncey M. Depew, New York, N. Y. ;
James Tillinghast, Buffalo, N. Y. One vacancy.
GEORGE J. MAGEE, President Corning, N. Y.
Jno. Lang, Vice-President Corning, N. Y.
Treasurer— E. D. Worcester New York City. | Secretary— Daniel Beach Corning, N. Y.
Lessee's Officers See Corning, Cowanesque and Antrim Ry.
PRINCIPAL OFFICE AND ADDRESS Watkins, N. Y.
Transfer Office Coming, N. Y.
SYRACUSE, ONTARIO AND NEW YORK RAILWAY COMPANY.
Line of Eoad.— Syracuse, N. Y., to Earlville, N. Y 45.49 miles.
Sidings, etc., 2.6 miles. Gauge, 4 ft. S^in. Rail (.steel, 23), 56 and 70 Ibs.
History. — Originally chartered as the Syracuse and Chenango Valley Ry. Co., in 1868
to build from Syracuse to Norwich, N. Y. Construction begun in 1871, and 12 miles of road
built in that year. In 1872 an additional section of 14 miles was completed. The company
then becoming embarrassed, its road and property were sold under foreclosure, and the com-
pany reorganized under the name of the Syracuse and Che ango RR. Co. Articles of asso-
ciation filed March 14, 1873, and possession assumed August 7th of same year. By that com-
pany the line was completed to Earlville in 1874. The road was again sold under foreclosure
in 1877, and reorganized under the name of the Syracuse, Chenango and New York RR. Co.,
April 7, 1877. In 1879 the property of this company was placed in the hands of a receiver ;
sold under foreclosure in 1883, and reorganized September 1, 1883, under the present title.
Rolling Stock, September 30, 1886. — Locomotive engines, 4. Cars — passenger, 7 ; bag-
gage, mail and express, 3 ; combination, 2; freight (box, 43; platform, 38), 81 — total cars, 93.
Also, 8 hand and 7 rubble cars.
Operations for year ending September 30, 1886 — Train mileage — passenger, 177,386 ;
freight, 207,176— total, 384,562 miles. Passengers carried, 95,378; carried one mile, 1,508,-
981 ; average mile rate, 2.24 cents. Tons freight moved, 80,635 ; moved one mile, 1,534,417;
average ton-mile rate, 2.67 cents.
Earnings.— Passenger $33,864 81
Freight 40,973 87
Mail and Express 4,522 81
Miscellaneous 9,143 78
Total ($1,945.60 per mile) $88,505 27
Expenses.— Transportation $27,158 20
Maintenance of Cars 15,449 11
Maintenance Way and Buildings. 23,115 67
General 12,086 41
Total ($1,710.47 per mile) $77,809 39
Net earnings (12.09 per cent.), $10,695.88.
General Balance Sheet, September 30. 1886.
Cost of Road and Equipment $1 ,879,022 61
Materials and Fuel on Hand 975 22
Current Accounts 83386
Cash on Hand 813 96
ProfltandLpss 119,583 90
Total Assets $2,001,229 55
Capital Stock (par, $100) $404,600 00
Funded Debt 1,400,000 00
Bond and Mortgage 4,000 00
Interest Due and Accrued 153,000 00
Open Accounts 39,629 55
Total Liabilities $2,001,229 55
Funded debt consists of $900,000 ($1,100,000 authorized), 1st mortgage 6 per cent.
50-year bonds, due 1933, and $500,000 (none outstanding) 2d mortgage income 6 per cent,
bonds, due 1983.
POORS MANUAL OF RAILROADS.
329
Annual meeting, second Wednesday in January.
Directors (elected January 14, 1887).— Albert Allen, Syracuse, N. T. ; Ashbel Green,
Allan McCulloh. Tenafly, N. J. ; Walter Katte, Herbert E. Kinney, James D. Layng, Henry
Monett, James W. Musson, Donald B. Toucey, William C. Taylor, William H. Sunford, New
York, N. Y. ; Joseph P. Ord, Englewood, N. J. ; Albert B. Taylor, Brooklyn, N. Y.
ASHBEL GREENE, President New York City.
Sec.and Treasurer- Joseph P. Ord... New York, N. Y. | Superintendent— Albert Allen Syracuse, N. T.
Anditm — James J. Farrell Syracuse, N. Y.
PRINCIPAL OFFICE AND ADDRESS 5 Vanderbilt Avenue, New York, N. Y.
TIOGA RAILROAD COMPANY.
Main Line of Road. — New York State Line to New Mine Junction, Pa 44.25 miles.
Morris Run Branch : Blossburg, Pa., to Morris Run, Pa 3.56 miles.
T naod • J Arnot and Pine Greek RR. : New Mine June, to Hoytville, Pa. . . 10.4
• 1 Elmira State Line RR. : Junction N. C. By. to Peun. State Line. . 6.5—16.90 miles.
Total length cf lines owned, leased, and operated 64.71 miles.
Sidings, etc., 25.59 miles. Gauge, 4 ft. 8£ in. Rail (steel, 27.50 miles), 50 to 66 Ibs.
History. — Chartered April 12, 1828, under the name of the Tioga Navigation Co., and
authorized to build a railroad or a canal. A wooden railroad with flat rail was used until
1840. In 1851 the company was reorganized under present title, and the road rebuilt. The
Elmira State Line RR. (leased), connects this road with the Northern Central Ry. In 1882
the Tioga RR. passed under the control of the New York, Lake Erie and Western RR. Co.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 14. Cars — passenger, 7 ; bag-
gage, mail and express, 3 ; freight, 720 — total cars, 730.
Operations for year ending December 31, 1886. — Train mileage — passenger, 97,293;
freight, 214,259 ; other, 10,294— total, 321,846 miles. Passengers carried one mile, 2,005,456;
average mile rate, 2.81 cents. Tons freight moved, 1,112,995 ; moved one mile, 39,558,146 ;
average ton-mile rate, 0.84 cent.
Expenses.— Transportation $58,839 74
Motive Power 66.422 76
Maintenance of Cars 19.331 94
Maintenance Way and Buildings 78,821 79
General 2,907 20
Earnings.— Passenger $56,301 37
Freight 332,296 45
Mail 4,195 58
Express 1,773 68
Miscellaneous 4,00203
Total ($6,159.31 per mile) $398,569 11 Total ($3,497.50 per mile) $226,323 43
Net earnings (43.22 per cent.), $172,245.68. Payments : Interest on funded debt, $50,475 ;
rental of leased lines, $14,794 ; taxes on earnings, $5,284.86— total, $70,553.86. Balance, sur-
plus, $101,691.82.
Statement of gross and net earnings for ten years :
1877
Gross Earnings. $334,075
Net Earnings... 120,606
1878 1879 1880 1881 1882 1883 1884 1885 1886
$316,523 $387,225 §893,025 $493,366 $502,336 $524,171 $889,841 $350,192 $3'JS.5t>9
145,547 171,571 140,936 187,900 260,670 257,966 142,021 181,873 172,246
General Balance Sheet, December 31, 1886.
Cost of Road and Equipment $1,472,816 23
Real Estate and Buildings 39,089 32
Stocks and Bonds Owned 1,000 00
N. Y., L. E. & W'n. RR. Co 275,42262
Blossburg Coal Co 1,950,330 79
Arnot & Pine Creek RR. Co. . . 2,522 01
Total Assets $3,741,13097
Funded debt consists of —
Common Stock Paid in (par, $50) $391 ,200 00
Preferred Stock Paid in 189,70000
Funded Debt Outstanding 789,500 00
Interest, Rental?, and Dividends Unpaid . . 14,932 16
Elmira State Line RR. Stock 29,200 00
Profit and Loss 2,326,598 81
Total Liabilities .' $3,741,130 97
1st mortgage 5 p. c. 30-year bonds, interest payable May and November, due May 1. 1915 ----- ...........
3d rail mortgage 7 p. c. 20-year bonds, interest payable May and November, due November 1, 1896 ......
Tioga RR. Extension 7 p. c. bonds, interest payable April and October, due October 1. 1905 ............
Elmira State Line 7 p. c. bonds, interest payable April and October, due October 1, 1905 ................
]i>.ooo
555*552
160,000
330
KATLKOADS OWNKD OR LEASED BY THE TIOGA RAILROAD Co.
ARNOT AND PINE CREEK RAILROAD.— New Mine June., Pa., to point near Woodland, 10.41
miles— total track, 15.33 miles. Rails, 56 Ibs. Chartered January 12, 1881; road opened July 1, 1882. Leased for
99 years to the Tioga RR. Co. at a rental equalling 5 per cent, on the cost of construction. Capital stock, repre-
senting cost of road, §255,000. L. II. SHATTUCK, President, Blossburg. Pa.; A. R. Macdonough, Secretary ; Ed-
ward White, Treasurer, New Yoi-k, N. Y. CORPORATE OFFICE, Blossburgh, Pa.
ELMIRA STATE LINE RAILROAD.— Northern Central Junction, N. Y., to State Line of Pa., 6.50
miles ; sidings, etc., 2.75 miles. Rail (steel, 6 miles'), 56 to 64 Ibs. Chartered April 21, 1872 ; road opened Novem-
ber 17, 1876. Leased to the Tioga RR. Co., furnishing the northern outlet of the Blossburg coal region. Rental.
$13.244, equal to interest on bonds, $11,200, and 7 per cect. guaranteed dividend on £29.i!00 stock, $2,044 paid
semi-annujilly directly to bond and stockholders. Capital stock, $90,200 ; funded debt, 1st mortgage 7 per cent.
20-year bonds, due October 1, 1905, §160,000 ; total stock and bonds, $250.:.'00. Contra : Cost of road (included in
Tioga RR.), $194,135. JOHN KING, President, A. R. Macdonough, Secretary ; Edward White, Treasurer. COB-
PORATK OFFICE, New York, N. Y.
Directors of the Tioga Railroad Company.
John King New York, N. Y.
H. H. Cook New York, N. Y.
William Libbey.. ..New York, N. Y.
Geo. W. Quintard..New York, N. Y.
J. G. McCullough.. New York, N. Y.
F. N. Drake Elmira, N. Y.
O. Mills New York, N. Y.
S. T. Reynolds Elmira, N. Y.
8. M. Felton, Jr. . .New York, N. Y.
Win. A. Wheelock.NewYmk, N. Y.
II. W. Rathbone Elmira, N. Y.
H. D. V. Pratt Elmira, N. Y.
JOHN KING, President New York City.
Secretary— A.. R. Macdonough New York, N. Y. | Treasurer— Edward White New York, N. Y.
Superintendent— A. M. Tucker Elmira, N. Y.
PRINCIPAL OFFICE AND ADDRESS 21 Cortlandt Street, New York, N. Y.
TIONESTA VALLEY RAILROAD COMPANY.
Main Line of Road.— Sheffield, Pa., to Sheffield Junction, Pa 13
James Branch : Brookston to Anapples, Pa 5 — 18 miles.
T •, \ Cherry Grove ME.: Sheffield to Garfield 11
: } Sheffield and Spring Creek SB.: Sheffield June, to Duhrings 8—19 miles.
Total length of road operated 37 miles.
Sidings, etc., 2.5 miles. Gauge, 3 ft. Rail (steel, 24 miles), 30 and 35 Ibs.
History. — Chartered in 1881 ; road opened same year.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 2; freight (8-wheel), 109;
caboose, 1 ; all others, 4 — total, 116.
Operations for year ending December 31, 1886. — Train mileage — passenger, 30,948 ;
freight, 13,146 — total, 44,094 miles. Passengers carried one mile, 152,291. Tons freight
moved one mile, 748,589.
Earnings.— Passenger $7,459 25
Freight 46,99294
Mail 54420
Express 314 06
Total ($1,494.88 per mile) $55,310 45
Expenses.— Transportation $6,705 52
Motive Power and Cars 11,47144
Maintenance Way and Buildings 12,285 78
General... 7,75007
Total ($1,032.78 per mile) . . '. $38,212 81
Net earnings (30.91 per cent.), $17,097.64.
Financial Statement, December 81, 1886.— Capital stock (par, $50) $100,000 : unfunded
debt, $111,021.78; unfunded debt, leased roads, $13,000— total, $224,021.78, representing
cost of road, franchises, equipment, leased roads, extensions, improvements, etc.
RAILROADS OWNED OR LEASED BY THE TIONESTA VALLEY RAILROAD Co.
CHERRY O-ROVE RAILROAD.— Sheffield, Pa., to Garfleld, Pa., 11 mile,s. Chartered in 1883 ; road
completed and opened in the fall of 1884. Leased December 1, 1884, to the Tionesta Valley RR. Co. Capital
stock (par, g50), representing cost of road, etc., $50,000. WALTER HORTON, President ; Charles Sigel, Treasurer.
CORPORATE OFFICE, Sheffield, Pa.
SHEFFIELD AND SPRING- CREEK RAILROAD. -Sheffield Junction to Duhrings, 8 miles.
Chartered Aug. 19, 1884 ; road opened January 1. 1885. Leased December 1, 1884, to the Tionesta Valley RR.
Capital stock authorized, $100.000; paid in, $3.000. WALTER HORTON, President ; Charles Sigel, Treasurer;
Jerry Crary, Secretary ; L. B. Schofldd, General Manager. CORPORATE OFFICE, Sheffield, Pa.
Directors of the Tionesta Valley Railroad Co.
Walter Horton Sheffield, Pa.
Charles Sigel Sheffield, Pa.
Isaac Horton Sheffield, Pa.
Jerry Crary Sheffield, Pa. George Horton Sheffield, Pa. J. F. Sc.hoellkopf Buffalo, N. Y.
Webb Horton Middletown, X. Y.
WALTER HORTON, President Sheffield, Pa.
Webb Horton, Vice- President Middletown, N. Y.
Sec. & Gen. Sw/rf. -Jerry Crary Sheffield, Pa. | Treasurer— Charles Sijrel Sheffield, Pa .
General Managei — Isaac Horton Sheffield, Pa.
PRINCIPAL OFFICE AND ADDRESS Sheffield, Pa.
POOR'S MANUAL OF RAILROADS. 331
TONA WANDA VALLEY AND CUBA RAILROAD COMPANY.
Line of Road.— Attica, N. Y., to Cuba, N. Y 59.09 miles.
Sidings, etc., 2.33 miles. Gauge, 3 ft. Rail, 30 Ibs. per yard.
History. — Consolidation, in 1881, of the Tonawanda Valley and the Tonawanda Valley
Extension RR. Companies. The former was chartered April 5, 1880, and opened a line from
Attica to Sardinia Junction, September 14, 1880. The road was opened through September
5, 1882. Interest on the bonds of this company was guaranteed by the New York, Lake
Erie and Western RR. Co. Default having been made in payment of interest due September
1, 1884, on T. V. & C. bonds, and November 1, 1884, on T. V. bonds, suit for foreclosure of
mortgage was begun by the Metropolitan Trust Co., trustee of T. V. & C. bonds, and early
in December, 1884, the road was placed in the hands of a receiver. The receiver discuntin-
ued operating 29 miles of the road, from Cuba to Sandusky, on October 30, 1886. A decree
of sale of the property having been ordered, the bondholders appointed three trustees
to look after their interests. These trustees have issued a circular, dated February 1C,
1887, asking the bondholders, stockholders, and floating debt creditors to unite for th , pro-
tection of their interests by depositing their securities or other claims with the Mercantile
Trust Co., and at the same time to pay an assessment of $5 per bond, $3 per $1,000 of float-
ing debt, or $10 per 100 shares of stock, the trustees to use the securities so deposited in pur-
chasing the road and reorganizing the company. In case of the amount so raised being
insufficient to effect the desired object, a second asses-ment to be called for at the rate of
$100 per bond, $5 per $1,000 of floating debt, and $1 per share of stock. Certificates repre-
senting the securities deposited and the assessments paid, and exchangeable into bonds of
the reorganized company, shall be issued by the Trust Company. In the suit of the receiver
to establish the liability of the Erie Company for interest on bonds, the Supreme Court and
General Term, New York, have recently decided in favor of the receiver.
Rolling Stock, September 30, 1886. — Locomotive engines (owned 1 ; leased 1), 2. Cars
— passenger, 4 ; baggage, etc., 2 ; freight (box, 3; platform,! ; coal, 1), 5 — total, 11. Also,
39 pairs of four-wheel transfer trucks.
Operations for eight months of 1886 (from October 1 to December 1, 1885, and from
April 1, to September 20, 1886 ; closed during rest of fiscal year). — Trains run, 30,178 miles.
Passengers carried, 6,499 ; carried one mile, 97,485. Tons freight moved, 6,441. Earnings
—passenger, $2,832.44 ; freight, $6,679.06 ; mail and express, $747.67 ; Rents, $365.00—
total, $10,624.17. Expenses— transportation, $3,318.58 ; motive power and cars, $2,179.30 ;
maintenance of way, $6,191.07 ; general, $2,130.38— total, $13,819.33. Deficit, $3,195.16.
There were received during the year $7,598.93 from proceeds of receiver's certificates issued,
against which was charged $8,355.34 for repairs of road and other miscellaneous charges, an
excess of $756.41 ; making total deficit for the year, $3,951.57.
Financial Statement, September 30, 1884 (latest furnished). — Capital stock, $587,100 ;
funded de.bt, $438,000 ; bills payable, $33,000 ; pay rolls, etc., $26,575 28 ; loans payable,
$199,408.09; interest on funded debt, $15,865; due other companies and individuals, $6,349.17
—total, $1,306,297.54. Contra,: Cost of road, equipment, etc., $1,159,387.72; stock and bonds
owned, $2,900 ; current accounts, $7,515.53 : cash on hand, $5,330.33 ; profit and loss,
$131,163.97.
Funded debt consists of 1st mortgage [T. V. RR.] 6 per cent. 30-year bonds, dated May
1, 1880, interest May and November, $79,000 ; 1st mortgage [T. V. Ex. RR.] 6 per cent.
30-year bonds, dated September 1, 1880, interest March and September, $34,000 ; 1st mort-
gage [T.V. & C. RR.] 6 per cent, bonds, dated September 1, 1881, due in 1932, interest March
and September, $377,000.
Of the $500,000 (authorized) 1st mortgage bonds of the Tonawanda Valley and CubaRR.
Co., $170,000 are to be used only for the retirement and cancellation of the $100,000 (author-
ized) Ton. Val. RR. bonds, and the $70,000 (authorized) Ton. Val. Ext. RR. bonds.
Interest payable at office of treasurer. Metropolitan Trust Co. trustees for T. V. and
C. RR. bonds; Farmers' Loan and Trust Co., trustee for T. V. Ext. and T. V. RR. bonds.
332 POOR'S MANUAL OF RAILROADS.
Stock ($600,000) and bonds ($500,000) listed on New York Stock Exchange. Annual meet
ing first Tuesday in September.
RECEIVER'S BALANCE SHEET, September 30, 1885. — Audited vouchers and pay rolls,
$8,050.98; open accounts, $621.24; G. W. Wells, Agent, $181.07; R. T. Maxon, Agent,
$138.01— total, $8,991.30. Contra: Due by Agents, $1,2159.02; sundry accounts, $2,583.93 ;
cash on hand, $3,024.76; deficit, $2,143.59— total, $8,991.30.
Directors (elected September 4, 1883). — Richard G. Taylor, J. J. Carter, Bradford,
Pa.; John E. Ransom, Buffalo, N. Y.; Geo. R. Blanchard, Royal C. Vilas, Edmund S. Bowen,
Chas. G. Barber, Clias. L. Atterbury, New York, N. Y.; Bird W. Spencer, Pas^aic, N. J.,
John V. D. Loomis, Geo. W. Wells, Attica, N. Y.
RICHARD G. TAYLOR, President Bradford, Pa.
Vice-Prest.—Geo. R. Blanchard New York, N. Y. | Secretary— John E. Ransom Buffalo, N. Y.
Bird W. Spencer, Receiver and Manager. . .61 Broadway, New York, N. Y.
B. P. Humphrey, Superintendent Attica, N. Y.
GENERAL OFFICE 61 Broadway, New York, N. Y.
TROY AND BOSTON RAILROAD COMPANY.
Main Line of Road. — Troy, N. Y., to Vermont State Line 34.74 miles.
Leaded • \ ^ou^iern Vermont RR. : Vermont Line to Mass. Line 6.19 m.
: I Troy and Benniitgton RR. : Hoosac Junction to Vt. Line 5.09 m.— 11.28 miles.
Total length of all lines 46.02 miles.
Sidings, etc., owned, 17.47; all lines, 19.25 m. Gauge, 4 ft. 8$ in. Rail (steel), 60 Ibs.
History. — Chartered November 22, 1849 ; completed March 10, 1852. The company has
one-third interest in the Troy Union Depot property, which it uses for terminal purposes.
The Troy and Bennington RR. is leased at an annual rental of $15,400 ; the Southern Ver-
mont RR. at $12,000. The Troy and Greenfield RR., from Vermont Line to North Adams,
Mass., 6.60 miles, is also used, and special tolls paid to the State of Massachusetts.
This road was consolidated into the Fitchburg RR. on May 3, 1887, the Fitchburg RR.
Co. issuing $1,333,300 preferred stock pro rata to stockholders of this company, and deposit-
ing with the Troy and Boston directors, as trustees for the consolidated company, $3.000,000
4 per cent, bonds (or an equal amount in cash), to meet all outstanding claims against the
Troy and Boston RR. Co. The Fitchburg Co. retains $333,300 of the new preferred stock
till all claims against the Troy and Boston are settled, to indemnify it against any deficiency
of the $8,000,000 above mentioned in meeting outstanding claims. The new stock is enti-
tled to the same rights as the preferred stock of the Fitchburg RR. Co., except that two-
fifths of the dividends shall be retained for the first four years and one-fifth for the second
four years. Dividends on all outstanding stock may be retained in the event of the insuf-
ficiency of the amounts set aside as above to meet claims against this company.
Rolling1 Stock. — Locomotive engines, 21. Cars — passenger, 14; baggage, mail, etc , 6 ;
freight (box, 287; stock, 10; platform, 54; coal, 98), 449— total, 469. Also, 1 tool and 9
caboose cars.
Operations for year ending September 30, 1886 (52.62 miles).— Train mileage — passenger
147,645 ; freight, 153,949— total, 301,594 miles. (See tabular statement).
Earnings.— Passenger $156,98077
Freight 289,701 66
Mall 14,244 87
Express 14,87956
Total ($9,030.92 per mile) $475,206
ExpenseB.— Maintenance of Way $49,128 85
Maintenance of Equipment 28,515 46
Transportation 129,574 11
General 38.84649
Total ($4,676.15 per mile) $246,058 91
Net earnings (48.22 per cent.), $229,147.95; rent, $1,841.28— net revenue, $230,989.23.
Payments : Interest on bonds, etc., $199,574.14 ; lease rentals, $27,400 ; taxes, $17,728.63 ;
insurance and hire of cars, $8,473.84— total, $253,176.61. Deficit, $22,187.38 ; deficit from
last year, $1,328,974.37— total, $1,351,161.75. Deduct sundry credits during year, $1,504.05
— deficit, as per balance sheet, $1,349,657.70. The last dividend paid was in February, 1878.
POORS MANUAL OF RAILROADS.
333
Statement of operations for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
52.89
5289
52 62
52 62
5° 62
52 62
52 62
Train Miles
' 425,505
414 453
408 668
397 290
438 770
299 521
24'j 973
Passengers Carried
278.257
276,179
280 033
330 806
817 723
303 **()6
29'-i 902
Passenger Miles ....
6,112,538
6,1 PI 024
6 246 817
7 315 713
7 31'} 014
Freight (tons) Moved . ..
812,139
757,504
692 478
706 384
730 098
50S 681
445 662
Freight (ton) Miles
30,501,683
28,252.911
24,778 233
24 979 268
25 965'501
16 733 35°
14 5'JO 975
14 5(K) 975
Gross Traffic Earnings
8
593,896
$
570,161
$
498 719
$
523 547
' s'
562 620
$
476 962
S
420 743
$
475 207
Transportation Expenses. . .
305,377
298.738
316,513
309,781
364,497
291,023
229,614
246,059
Net Traffic Earnings
288,519
271 423
182 206
213 766
198 123
185 939
191 129
229 148
Other Receipts
6 COO
1 595
1 841
Available Revenue
192 539
192 724
230 989
Lease Rentals
27,400
27,400
27 400
27 400
27 400
27 400
27 400
27 400
Interest
190,836
188,368
198 376
199 022
192 466
192 147
194 741
199 574
Dividends
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
11,228 88
5,773 81
5 455 07
10,780 13
5,640 57
5,139 56
9,477 74
6,015 02
3 462 72
9,449 58
5,887 18
3 652 45
10,692 13
6,926 97
3765 16
9,064 27
5,530 65
3 533 62
7,995 88
4,3li3 61
3 632 27
9,030 92
4,676 15
4 354 77
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile..
51. 42 p. c.
2.68 c.
1.34c.
52.41 p. c.
2.57c.
1.38 c.
63.47 p. C.
2.58c.
1.25C.
59. 17 p. c.
2.50c.
1.25C.
64.79 p. C.
2.55C.
1.33C.
61. 01 p. c.
2.51 c.
1.69c.
54. 57 p. c.
2.48C.
1.65C.
51. 78 p. C.
2.54c.
1.98C.
General Balance Sheet, September 30, 1886.
Road and Equipment $2,882,552 04
Troy Union RR. and Stock 107,500 00
Other Railroads 164,023 28
Railway Equipment Co.'s Bonds 23,591 25
Materials, Accounts, etc 229,301 98
Profit and Loss 1,349,657 70
Capital Stock $1,623,110 00
Funded Debt 2,655,50000
Bills Payable and Loans 125,213 38
Due Corporations, etc 352,802 87
Total Liabilities $4,756,62625
Total Assets $4,756,626 25
Statement of funded debt September, 1886 :
1st mortgage 7 per cent. 30-year bonds, due in 1886, interest January and July $75,500
2d mortgage 7 percent. 20-year bonds, due in 1884, interest April and October 1,000
3d mortgage 6 per cent, bonds, dated July 1, 1882 138,000
Convertible 7 per cent, bonds of 1864 and 1868, due in 1882, interest September and March 67,000
Consolidated 1st mortgage 7 per cent. 50-year bonds, due in 1924, interest January and July 1,424,000
Consolidated 2d mortgage 7 per cent. 25-year bonds, due in 1903, interest April and October 925,000
Elevator mortgage 7 per cent, bonds, due 1884 25,000
Of the $1,500,000 (authorized) 1st consolidated bonds, $120,000 were reserved to be used
The2d consolidated bonds were issued
Interest pay-
only in the redemption of the 1st and 2d mortgages.
to take up the floating debt. Annual meeting, second Wednesday in January.
able at National Bank of Commerce, New York City.
SOUTHERN VERMONT RAILROAD.— N. Y. State Line to Mass. State Line, 6.19 miles— total
track, 7.28. Owned by the State of Massachusetts ; leased in perpetuity to the Troy and Boston RR. Company at
an annual rental of $12,000, which pays interest on $200,000 bonds issued by the State and used in construction.
TROY AND BENNINO-TON RAILROAD.— Hoosac Junction to Vermont State Line, 5.09— total
track, 5.78 miles. Chartered May 27, 1851 ; road opened August 1, 1852. Rental, $15,400 annually. Payments in
1886 : Expenses $253.07 ; interest, $3,540 ; dividends (Feb. 1 and Aug. 1, 3 per cent, each), $9,048— total. $12,793.07.
Surplus, $2,558/93. "
payable at vari(
Cost of road eq...,. , , , , ^ ,
Regular dividends : February 1, 1854, 3 per cent., August 1, 1854, 3 per cent. ; September 1, 1864, to August. 186s),
3 per cent, was paid semi-annually ; August 1, 1878, February, 1871, and August, 1871, 3 per cent. each. During
1881 a stock dividend of 100 per cent, was paid. February 2, 1873, to August 1. 1886, 3 per cent, semi-annnnlly was
paid. Dividends payable at Union National Bank, Troy, N. Y. J. M. CORLISS, President; Win. Gurley, Sec-
retary and Treasurer, Troy, N. Y.
Board of Directors Troy & Boston RR. Co.
Daniel Robinson Troy, N. Y.
Otis G. Clark Troy, N. Y.
S. M. Vail Troy, N. Y.
George A. Packer Troy, N. Y.
Norman B. Squires Troy, N. Y.
John V. D. S. Merrill .Troy, N. Y.
William Gurley Troy. N. Y.
H. Durkee New York City.
J. H. Parsons New York City.
W. S. Webb New York City.
Henry E. Weed Troy, N. Y.
. William Kemp Troy, N. Y.
H. McK. Twombley New York, N. -Y
DANIEL ROBINSON, President Troy, N. Y.
Joseph H. Parsons, Vice-President New York, N. Y.
Treasurer— J. Edward Merrill Troy, N. Y. | Secretary— S. M. Vail Troy, N. Y.
Superintendent— Jos. Crandell Troy, N. Y.
PRINCIPAL OFFICE AND ADDRESS Union Depot, Troy, N. Y.
334 POOR'S MANUAL OF RAILROADS.
TROY UNION RAILROAD AND DEPOT COMPANY.
Line of Road. — Troy and Greenbush RR. to Hoosac St. Bridge 2.14 mile?.
Second track, 2.14 miles. Gauge, 4 ft. 8| in.
History. — Chartered July 21, 1851. Road opened February 22, 1854. Owned con jointly
by the N. Y. Central and Hudson River, the Rens^elaer and Saratoga, and the Troy and Bos-
ton RR. Companies.
Operations included in accounts of owners eeparately. Expenses ($44,424.88 for 1886)
of operating the road shared by the partners in equal proportions.
Financial Statement.— Capital stock ($10,000 each partner), $30.000 ; and funded debt,
1st mortgage 7 per cent, bonds made by the city of Troy and guaranteed by the parties
separately, $680,000. Total stock and bonds, $710,000. Construction ($366,348.04 p. m.),
$783,984.80.
Directors. — Daniel Robinson, Joseph H. Parsons, H. E. Weed, Troy, N. Y. ; I. V. Baker,
Comstock's Landing, N. Y.; Theodore Voorhees, New York, N. Y.; H. S. Marcy, H. G. Young,
Albany, N. Y. ; J. M. Toucey, E. D. Worcester, W. J. Van Arsdale, C. M. Bissell, New York,
N. Y. ; Z. C. Priest, Little Falls, N. Y.
J. M. TOTJCEY, President New York City.
Theodore Voorhees, Secretary and Treasurer New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Troy, N. Y.
TTJCKERTON RAILROAD COMPANY.
Main Line of Road. — Whiting's Station, N. J., to Tuckerton, N. J 29
Edge Cove Branch : Tuckerton, N. J., to Edge Cove, N. J 2 — 31 miles.
Sidings, 1.25 miles. Gauge, 4 ft. 9 in. Rail, 50 Ibs.
History. — Chartered March 26, 1866 ; road opened November 1, 1871.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2; combination, 2 ; freight
(box, 13 ; platform, 12), 25— total, 29.
Operations for year ending December 31, 1886.— Earnings — passenger, $20,979.17;
freight, $14,679.38 ; other, $2,460.49— total, $38,119.04. Expenses, $C5,005.52. Net earn-
ings, $3,113.52.
Financial Statement, December 31, 1886.— Capital stock, $547,744.67 ; funded debt (6
per cent, income bonds, due 1910), $99,862 ; floating debt, $1,800— total, $649,406.67.
This company has refused to furnish any information whatever.
Directors (elected May 18, 1882).— A. R. Pharo, T. T. Price, Walter W. Pharo, Tuckerton,
N. J. ; Rutherford Stuyvesant, John W. Russell, New York, N. Y. ; Samuel Ashhurst, Charles
T. Parry, Richard Ashhurst, Philadelphia, Pa. ; Herbert A. Drake, Camden, N. J.
ARCHILAKIUS R. PHARO, President Tuckerton, N. J.
Rutherford Stuyvesant, Vice-President New York, N. Y.
Secretary— T. T. Price Tuckerton, N. J. | Treasurer— R. Ashhurst Philadelphia, Pa-
PRINCIPAL OFFICE AND ADDRESS Tuckerton, N. J.
ULSTER AND DELAWARE RAILROAD COMPANY.
Main Line of Road. — Rondout, N. Y., to Stamford, N. Y 74.00 miles.
Operated— Hobart Branch RR.: Stamford, N. Y., to Hobart, N. Y 4.00 miles.
Total length of road operated 78.00 miles.
Sidings, etc., 11.25 miles. Gauge, 4 ft. 84 in. Iron rail, 56 ; steel (65 miles), 62 and 70 Ibs.
History. — Organized April 3, 1866, as Roudout and Oswego ; road completed April 9,
1872. Company reorganized as New York, Kingston and Syracuse, May 28, 1872. Sold
under foreclosure May 1, 1875, aud purehai-ed on behalf of the bondholders by the trustee of
POOR'S MANUAL OF RAILROADS. 335
the mortgage, $750,000 being the purchase price. Present company organized June 11, 1875.
The Hobart branch has been operated since December 1, 1884.
Rolling Stock, September 30, 1886.— Locomotive engines, 14. Cars— passenger, 21 ;
baggage, mail and express, 4 ; freight (box, 61 ; platform, 168 ; stock, 8 ; coal, 12 ; caboose,
4), 253 ; other cars, 26— total cars, 304.
Operations for year ending September 30, 1886.— Train mileage— passenger, 130,575 ;
freight, 102,346; other, 11,170— total, 244,091 miles. Passengers carried, 173,858; carried
one mile, 4,321,186 ; average mile rate, 2.54 cents. Tons freight moved, 152,815 ; moved one
mile, 4,212,766 ; average ton-mile rate, 5.05 cents.
Earnings.— Passenger $109,708 45
Freight 212,88698
Mail and Express 15,942 19
Miscellaneous 1,028 41
Total ($4,353.41 per mile) $339,566 03
Expenses.— Transportation $91,453 93
Motive Power and Cars 2 >,340 48
Maintenance Way and Buildings 64,614 11
General 20,68673
Total ($2,552.50 per mile) $199,095 25
Net earnings (41.37 per cent.), $140,470.78 ; other receipts, $550— total, $141,020.78.
Payments : Interest on bonds, $21,000 ; on debt, $21,406.85 ; rental Hobart Branch RR., $4,-
250; taxes, $20,675.57; insurance, $932.05; other, $634.36— total, $68,898.83. Balance,
surplus, $72,121.95; surplus from last year, $19,325.24— total, $91,447.19.
General Balance Sheet, September 30, 1886.
Capital stock (par, $100) $1,152,100 00
Cost of Road $2,877,150 03
Cost of Rolling Stock 228548 87
Materials and Fuel on Hand 27,831 73
Due by Agents 12,01055
Due by Other Roads, etc 17,29312
Cash on Hand 44,402 74
Total Assets $3,207,237 04
Funded Debt Outstanding 1,592,600 00
Bills Payable 323,47736
Current Accounts 44,11249
Interest on Funded Debt 3,500 CO
ProfitandLoss 91,447 19
Total Liabilities* $3,207,237 04
Funded debt consisted, September 30, 1886, of —
1st mtge. 7 p. c. 30-year coupon $1,000 bonds, due July 1, 1905, int. Jan. and July. . $200,000
2d mtge. 7 p. c. income 30-year bonds, due July 1, 1905, interest Feb. and Aug 1,342,600
Real estate 7 p. c. 5-yr. mortgage, due 1883 (extended), interest April and Oct 50,000
The first and second mortgage bonds are secured on road and equipment ; the real estate
mortgage on the terminal property at Rondout. The stock was issued in exchange for bonds
of the old company. Annual meeting, Tuesday following first Monday in December.
HOBART BRANCH RAILROAD.— Stamford, N. Y., to Hobart, N. Y., 4.00 miles. Gauge, 4 ft. 8J
in. Rail istecl), 62 IDS. Chartered March 25, 1884. Construction begun in May, 1884 ; road completed December
1, 1884. Leased to Ulster and Delaware RR. Co. for 18 years from May 1, Ib85, at an annual rental of $3,000.
Capital stock $50,000. Cost of road, $42,897.63 ; profit and loss, $7,102.37. THOMAS CORNELL, President ; Sam-
uel G. Dimmick, Secretary and Treasurer. CORPORATE OFFICE, Rondout, N. Y.
Board of Directors U. & D. RR. Co., elected June 9, 1886.
Thomas Cornell Rondout, N. Y. I Alvah S. Staples — Rondout, N. Y. Sam'l G. Dimmick — Kingston, N. Y.
R. G. Townseml Rondout, N. Y. ! Horace Humphrey. Kingston, N. Y. Rob't B. Carpenter.. New York, N. Y.
J. L. Van Deusen...Roudout, N. Y. Anthony Benson.. .Kingston, N. Y. I Joseph Cornell New York, N. Y.
David Kennedy.. . .Rondout, N. Y. ] Jacob H.Tremper.. Kingston, N. Y. | H. C.Soop Roxbury, N. Y.
Davis Winnie Mt. Pleasant, N.Y.
THOMAS CORNELL, President Eoudout, N. Y.
David Kennedy, Vice-President Rondout, N. Y.
Secretary and Treasurer— Anthony Benson . . .Rondout. | General Superintendent— James H. Jones Rondout.
Auditor— R. B.Jones Rondout, N. Y.
PRINCIPAL OFFICE AND ADDRESS Rondout, N. Y.
UNION TERMINAL RAILROAD COMPANY.
History. — Chartered June 12, 1884, and acquired the terminal property of the Buffalo,
New York and Philadelphia RR. Co. in the City of .Buffalo, issuing to that company $1,000,000
bonds in payment therefor. Controlled jointly by the Buffalo, New York and Philadelphia
and the West Shore RR. Cos. ,
Financial Statement, September 30, 1886.— Capital stock (par, $100 ; authorized issue,
$1,000,000), $302,500 ; funded debt, 1st mortgage 6 per cent. 30-year bonds, due Juue 1, 1914,
336 POOR'S MANUAL OF BAILBOADS.
interest payable June and December, $1,000,000 — total, stock and bonds, representing cost of
property, $1,302,500.
Directors. — William L. Jackeon, Charles Gurney, John Dougherty, New York, N. Y. ;
William Johnson, E. F.Johnson, William L. Doyle, W. W. Halsey, G. S. Gatchrll, Ensign
Bennett, J. H. Poole, F. D. Locke, F. L. Danforth, Thimas D. Dole, Buffalo, N. Y.
F. L. DANFORTH, President Buffalo^ N. Y.
Secretary and Treasurer— Y. S. Buell. . . Buffalo, N. Y. | Auditor— William L. Doyle Buffalo, N. Y.
GENERAL OFFICES..., New York, N. Y.
WALLKILL VALLEY RAILROAD COMPANY.
Line of Road. —Montgomery, N. Y., to Kingston, N. Y 33.46 miles.
Sidings, etc., 3 miles. Gauge, 4 ft. 8| in. Rail (steel, 27 miles), 56 Ibs.
History. — Organized as W. V. Railway, April 30, 1866 ; road opened in 1872. Operated
by Erie Ry. Co. to June 6, 1879. Sold under foreclosure, and reorganized July 2, 1877, un-
der existing title.
Rolling Stock.— Locomotive engines, 3. Cars — passenger, 2; baggage, mail and ex-
press, 4 ; freight (box, 12 ; platform, 2), 14 — total, 20.
Operations for year ending September 30, 1886. — Train mileage — passenger, 47,808 ;
freight, 49,315— total, 97,123 miles. Passengers carried, 110,982 ; carried one mile, 1.263,
684 ; average mile rate, 2.81 cents. Tons of freight moved, 73,289; moved one mile, 1,066,-
032; average ton-mile i ate, 5.5 cents. Earnings — passenger, $35,427.72; freight, $58,631.-
79 ; other, $5,347.97— total, $99,407.48. Expenses and taxes, $87,715.05. Net earnings,
$11,692.43. Paid interest on bonds, $17,500 ; on debt, $326.66. Deficit, $6,134.23 ; deficit
from last year, $43,109.44— total deficit, $49,243.67.
Financial Statement, September 30, 1886.— Capital stock (par, $100), $330,000 ; funded
debt, 1st mortgage 7 per cent. 40-year bonds, due July 1, 1917, interest payable January and
July, $250,000 ; 2d mortgage income 40-year bonds, eame rate and date. $330,000 ; open ac-
counts, $67,175.54 ; bills payable, $10,000 ; interest due and accrued, $11,340 ; vouchers and
pay rolls, $12,645.80— total, $1,011,161.34. Contra: Cost of road and equipment, $936.-
353.38; materials, $10,182.40 ; suspense account, $3,710.08; current accounts, $7,011.67;
cash, $4,660.14; profit and loss, $49,243.67.
Annual meeting, second Wednesday in December. Books close for annual meeting 30
days prior thereto. Securities not listed.
Directors (elected February 14, 1887).— Chas, H. Coster, Ashbel Green, Walter Katte,
Herbert E. Kinney, James D. Layng, Henry Monett, James W. Musson, Archy McCulloh,
Joseph P. Ord, William H. Sanford, Albert B. Taylor, Donald B. Toucey, William C. Taylor,
ASHBEL, GREEN, President New York City.
Sec. and Treas.— Joseph P. Ord NewYork,K.Y. I Superintendent— Geo. H. Graves Kingston, N. Y.
General Manager— 3. D. Layng New York, N. Y. | Auditor— James J. Farrell Syracuse, N. Y.
PRINCIPAL OFFICE AND ADDRESS 5 Vanderbilt Avenue, New York City.
WARREN AND FARNSWORTH RAILROAD COMPANY.
Main Line of Road. — Clarendon, Pa., to Vandegrift, Pa 10.05
Branches: Junction to Garfield, 1.12 ; Junction to Dunham's Mill, 4.09. . . 5.21 — 15.26 miles.
Sidings, etc., 1.28 miles. Gauge, 3 ft. Rail, 35 Ibs. per yard.
History. — Chartered under name of Warren and Farnswortli Valley RR. Co., April 6,
1882 ; road opened August. 1, 1882. In April, 1885, the road and property were sold under
foreclosure (default having previously been made in payment of bond interest), and was pur-
chased by bondholders, who reorganized under present name.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; baggage, etc., 1 ; freight
(box, 6 ; platform, 29), 35 — total, 37. Also, 4 service cars.
POOR'S MANUAL OF RAILROADS. 337
Operations for year ending December 31, 1886. — Train mileage— passenger, 19,800 ;
freight, 2,316— total, 22,116 miles. Earnings— passenger, $3,118.80 ; freight, $7,801.28;
other, $671.43— total, $11,591.51. Expenses, $10,569.69. Net earnings, $1,021.87. A divi-
dend of 2| per cent, was declared May 1, 1886.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $75,000. Contra:
Cost of road, $123,431.71 ; equipment, $44,917.77— total ($11,032.08 per mile), $168,349.48.
Directors.— T. Struthers, L. D. Wetmore, J. H. Eddy, C. W. Stone, F. Henry, A. J.
Hazel tine, Warren, Pa.
M. WATERS, President Warren, Pa.
M. B. Dunham, Vice-President Warren, Pa.
Secretary— J. P. Jefferson Warren, Pa. | Auditor— C. P. Wilkins Clarendon, Pa.
Treasurer and General Manager — A. D. Wood Warren, Pa.
PRINCIPAL OFFICE AND ADDRESS Warren, Pa.
WASHINGTON AND POTOMAC RAILROAD COMPANY.
Line of Road. — Washington to Point Lookout 80.0
Branches : Pawtuxet Eiver, 3 miles ; St. Mary's River, 3 miles 6.0 — 86.0 miles.
r i + A J Brandywine to Mechanicsville 50.0
: j Washington to Boundary Line 2.2—22.2 miles.
Gauge, 4 ft. 8| in. Rail (steel, 2.2 miles), 56 Ibs.
History. — Organized April 1, 1886, as successor to the Southern Maryland RR. Co.,
whose property was sold under foreclosure of its first mortgage bonds on January 13, 1886,
and bought by Franklin E. Gregory, representing a committee of bondholders. The prop-
erty was conveyed to present company in June, 1886. See MANUAL for 1886, page 491.
Rolling Stock. — Locomotive engines, 1. Cars — passenger, 2 ; baggage, 1 ; freight, 5 ;
other, 15— total, 23.
Operations. — No information furnished. Company reports road still in the hands of the
contractor.
Financial Statement. — Capital stock, $4,000,000 ; funded debt, 1st mortgage 6 per cent.
30-year coupon $1,000 bonds, due April 1, 1916, interest April and October, authorized, $1,-
500,000. Cost of road, $500,000. Of the bonds, $500,000 were issued in payment for the
property purchased ; the remainder is to be used in completing and equipping the road.
Annual meeting first Tuesday of April.
Directors. — Royal M. Pulsifer, H. G. Nichols, J. Oti« Wetherbee, A. C. Howard, Boston,
Mass.; F. E. Gregory, Adolphus Merriam, Framingham, Mass.; John P. Poe, Baltimore, Md.;
Frank Hume, Washington, D. C. ; John M. Broome, St. Mary's Co., Md.
R. M. PULSIFER, President Boston, Mass.
Adolphus Merriam, Vice-President Framingham, Mass.
Treasurer— James Long Philadelphia, Pa. | Secretary— Kohert H. Good Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Philadelphia, Pa.
WAYNESBURG AND WASHINGTON RAILROAD COMPANY.
Line of Road.— Waynesburg, Pa., to Washington, Pa 29 miles.
Sidings, 1.65 miles. Gauge, 3 ft. Rail (steel, 5.53 miles), 30 Ibs.
History.— Chartered May 18, 1875 ; road opened near the close of 1876. In 1885 it went
under the control of the Pennsylvania Co., through lease to the Chartiers RR. Co.
Rolling1 Stock.— Locomotive engines, 3. Cars— passenger, 2 ; baggage, 2 ; freight (box,
6 ; stock, 5 ; platform, 2 ; coal, 13), 26— total, 30. Also 1 caboose and TO hand and push cars.
Operations for year ending December 31, 1886.— Train mileage— passenger, 22,539;
freight, 38,116— total, 60,655 miles. Passengers carried, 37,657; carried one mile, 624,004.
Tons freight moved, 12,766 ; moved one mile, 287,250. Earnings— passenger, $20,015.16 ;
freight, $20,538.80 ; mail, express and other, $2,664.24— total ($1,490.28 per mile), $43,-
22
338 POOR'S MANUAL or RAILROADS.
218.20. Expenses — maintenance of way, $14,552.99 ; rolling stock, $9,399.15 ; transporta-
tion, $6,194.91 ; miscellaneous, $1,316.12— total ($1,084.94 per mile), $31,463.17. Net earn-
ings (27.20 per cent.), $11,755.03. Payments : Interest on bonds, $6,923; other, $564.16—
total, $7,487.16. Balance, surplus, $4,267.87; surplus from last year, $28647 — total sur-
plus, $4,554.34.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $101,804.97 ; funded
debt, 1st mortgage 7 per cent. 20-year $100 and $500 coupon bonds, due July 1, 1897, interest
payable January and July, $98,900; current accounts, $4,396.99; coupons matured and un-
paid, $50,554 ; profit and loss, $4,554.34— total, $260,210.30. Contra : Cost of road, etc.,
$238,601.36; current accounts, $767.30; cash, $19,793.52; other assets, $1,048.12— total,
$260,210.30.
Annual meeting, third Tuesday in January. Books close 60 days prior to meeting, and
stock must be owned then to entitle holder to vote. Interest payable at office of company,
in Waynesburg, Pa. Capital stock authorized, $270,000. Trustees of bonds : W. W. Smith,
E. M. Sayres, and D. W. Braden. Registrar of stock, John E. Davidson, Pittsburgh, Pa.
Directors (elected January 18, 1887). — J. N. McCullough, Wm. Thaw, Thomas D.
Messier, James McCrea, J. J. Brooks, Pittsburgh, Pa. ; J. N. Du Barry, Philadelphia, Pa. ;
J. F. Temple, J. Q Ritchie, D. A. Spragg, W. T. Lantz, Waynesburg, Pa.; Julius Le
Moyne, Washington, Pa.; Jacob Swart, Hopkins Mills, Pa.
GEORGE B. ROBERTS, President Philadelphia, Pa.
Thos. D. Messier, Vice-President Pittsburgh, Pa.
Secretary— &. B. Liggett Pittsburgh, Pa. I Treasurer— Jno. E. Davidson Pittsburgh, Pa.
Superintendent— C. E. Bower Waynesburg, Pa. | Auditor— Jno. W. Renner Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
WESTERN MARYLAND RAILROAD COMPANY.
Line of Road. — Baltimore (Fulton Station), Md., to Williamsport, Md 90.00 miles.
(Baltimore and Cumberland Valley ItR. in Maryland 3.03
Leased : •< Baltimore and Cumberland Valley RR. in Pennsylvania 4.55
(Baltimore and Cumberland Valley RR. Extension 26.52 — 34.10 miles.
Total length of railroads operated 124.10 miles.
Sidings, etc. (all lines), 19.15 miles. Gauge, 4 ft. 8i in. Rail (steel, 78 miles), 56 and 60 Ibs.
In addition to the mileage above reported, this company uses three miles of line within
the city of Baltimore, which is owned jointly by the Western Maryland, the Northern Central
and the Baltimore and Potomac RR. Cos.
History. — Chartered as the Baltimore, Carroll and Frederick RR. Co., May 27, 1852, and
under existing name March 21, 1853. Construction commenced iu July, 1857, and the road
completed December 17, 1873.
On the 1st of November, 1886, the company took a 99 years' lease of the Baltimore and
Harrisburg RR. and leased lines, under terms which give to this company the practical owner-
ship of the Baltimore and Harrisburg.
A link of 0.75 mile in length, connecting the Baltimore and Cumberland Valley Extension
RR. with the Baltimore and Potomac RR. at Shippensburg, Pa., was completed December 10,
1886, and the transfer of freight between the two roads began the day following.
On the 1st of January, 1887, the 1st mortgage, 2d mortgage, and preferred bonds were
paid off from the proceeds of a sale of Baltimore City 3£ per cent.
Rolling Stock. — Locomotive engines, 27. Cars — passenger, 44; baggage, mail, etc., 12;
freight (box, 279 ; stock, 37 ; platform, 230), 546— total, 602. Also, 5 caboose and 5 service
cars.
Operations for year ending September 80, 1886, (126.60 miles). — Train mileage — not
reported. Passengers carried, 727,438 ; carried one mile, 15,946,659. Average rate per
mile, 1.61 cents. Tons freight moved, 274,959; moved one mile, 10,878,194. Average rate
per mile, 2.51 cents.
POORS MANUAL OF RAILROADS.
339
Earnings.— Passenger 8256,121 77
Freight and Express 320,705 20
Mail 82,25182
Miscellaneous 8,422 54
Total ($4,878.05 per mile) $617,561
Exp«iiM8.— Maintenance of Way $60,610 78
RollingStock 54,43345
Transportation 286,823 88
Miscellaneous 26,651 90
Total ($2,989.14 per mile) $378,424 96
,136.43 — less extraordinary expenses for betterments,
Net earnings (38.72 per cent.),
$76,167.53— surplus, $162,968.90.
Statement of operations and financial condition for eight years :
1879
(93 m.)
1880
(93 m.)
1881
(111.18m.)
1882
(123.60m.)
1883
(126.60m.)
1884
(126.60m.)
1885
(126.COm.)
1886
(126.60m.)
Train Miles
431,380
362,168
136,220
$
347,443
274,348
499,439
430,366
189,959
$
397.564
309,285
578,785
498,090
201,259
$
461,871
375,919
681,725
587,738
225,690
$
540,148
470,002
800,097
669,946
307,139
$
654,164
483,437
802,135
72.2,414
311,025
8
665,996
407,750
765,281
672,316
285,485
$
619,217
387,082
Passengers Carried
727,438
274,959
8
617,561
878,425
Freight (tons) Moved.
Gross Earnings
Operating Expenses
Net Earnings
73,095
3,860 46
3,04820
81226
78.98 p. c.
8
682,250
3,675,000
256,559
88,279
4,417 38
3,436 50
98088
77.80 p. c.
8
682,250
3,675,000
243,459
85,952
4,131 23
3,362 42
76831
81.61 p. c.
8
682,250
3,675,000
438,152
70,146
4,370 13
3,80264
56749
87.01 p. c.
8
682,050
3,675,000
671,416
170,727
5,167 17
3,818 62
1,34855
73.90 p. c.
8
682,050
3,675,000
547,585
258,246
5,2bO 68
3,22077
2.039 86
61.22 p. c.
8
683,750
3,675,000
707,569
232,135
4,891 13
3,057 52
1,833 61
62.51 p. c.
$
682,950
3,675,000
749,882
239.136
4,878 05
2,989 14
1,88891
61.28 p. C.
8
683,750
3,675,000
768,565
Gross Earnings per Mi!e . . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Capital Stock
Funded Debt
Profit and Loss, etc
Total Liabilities
4,613,709
4,536,895
30,000
46,914
4.600,709
4,538,715
30,000
31,984
4,795,402
4,720,181
30,000
45,221
5.028,466
4,933,350
30,000
65,116
4,904,635
4,803,050
30,000
71,585
5,065,319
4,984,165
30,000
51,154
5,107,832
5,023,202
30,000
54,630
5,127,315
5,052,056.
30,000
45,259 1
Road and Equipment
Sinking Fund
Accounts and Balance
Total Assets
4,613,805
4,600,709
4,795,402
5,028,466
4,904,635
5,065,319
5,107,832
5,127,315
Statement of funded debt in detail, September 30, 1886 :
CLASSES or BONDS.
Date.
Interest.
Mature.
Amount.
1st Mortgage
Jan. 1, 1860
6 p. c , Jan. & July
Jan. 1, 1890
$400,000
1st Mortgage (indorsed by Baltimore City)
2d Mortgage (indorsed by Baltimore City).
2d Mortgage (indorsed by Washington Co.)
2d Mortgage Preferred Bonds
Jan. 1, 1860
Jan. 1, 1867
Jan. 1, 1867
Jan. 1, 1868
6 p. c , Jan. <fc July
6 p. c , Jan. & July
6 p. c , Jan. & July
6 p. c , Jan. & July
Jan. 1, 1890
Jan. 1, 1890
Jan. 1, 1890
Jan. 1, 1895
200,000
300,000
300,000
600,000
3d Mortgage (indorsed by Baltimore City)
4th Mortgage (Baltimore City Stock)
Jan. 1, 1870
Jan. 1, 1872
6 p. c , Jan. & July
6 p. c , Jan. & July
Jan. 1, 1900
Jan. 1, 1902
875,000
1,000,000
Coupons of the Washington County indorsements are payable at Hagerstown, Md. ;
coupons of all other bonds at the National Mechanics' Bank, Baltimore, Md. The 4th mort-
gage bonds were exchanged for Baltimore City stock. The sinking fund in the hands of the
Baltimore Commissioners of Finance amounts to $258,561.65, the Hillen Station sinking fund
to $24,451.05, and the W. M. RR. Terminal Co. sinking fund to $4,607.58.
On December 21, 1882, there was received from City of Baltimore $871,000 on account of
improvement loan (see MANUAL for 1884, page 375), on July 2, 1883, $131,060, on July 2, 1884,
$115,000, and on July 2, 1885, $67,000— a total of $684,000, all of which has been expended
for improvements, etc.
General Balance Sheet, September 30, 1886..
Construction, etc. (old road) $2,416,654 00
Construction, new, and Equipment 2,635,402 02
Materials and Fuel 8,844 35
Sinking Fund and Accounts 37,848 39
CashonHand 23,565 87
Total Asset? $5,127,314 63 TotaJ Liabilities 85,127,314
RAILROADS LEASED OR OWNED BY THE WESTERN MARYLAND RR. Co.
BALTIMORE AND CUMBERLAND VALLEY RAILWAY.— From Edpemont, Md., to State
Line, Pa., 3.03 miles. Chartered in 1878 ; road opened July 5, 1880. Leased to Western Maryland RR. Co. for
interest on bonds. Capital stock (par, $50), $42,500 ; funded debt, $48,500 1st mortgage 6 per cent. 50-year bonds,
Capital Stock (par, $50) $683,750 00
Funded Debt.. 3,675,000 00
BillsPayable „ 322,486 33
Other Liabilities „ 35,528 55
Profitand.Loss s.. 410,549 75
340
POOKS MANUAL OF RAILROADS.
due July 1, 1929, interest January and .Inly— total, representing cost of road, $91,000. J. M. HOOD, President ;
John S. Harden, Seeretary and Treasurer, Baltimore, Md.
BALTIMORE AND CUMBERLAND VALLEY RAILROAD.-State Line, Md.. to Waynes'
boro', Pa., 4.5.") miles. Chartered in 1878 ; road opened July 5, 1880. Continuation in Pennsylvania of B. & C-
Valley Ry., and leased to W. M. RR. for interest on bonds. Capital stock (par, $50), $76,700 ; "funded debt, $72,~
800 1st mortgage 6 per cent. 50-year bonds, due July 1, 1929, interest January and July at Baltimore- total, §149,'
500. Cost of road, $152,432.05. I. N. SNIVELY, President; Joseph Price, Treasurer ; George J. Balsley,
Secretary, Waynesboro', Pa.
BALTIMORE AND CUMBERLAND VALLEY RR. EXTENSION. -Waynesboro', Pa., to
Shippensburg, Pa., 26.52 miles. Chartered in 1880; road opened to Chambersburg September 5, 1881 ; to Ship-
pensburg October 24, 1881. Extended 0.5 mile to a connection, in Shippensburg, with the Baltimore and Potomac
KR., December 10, 1886. Leased to the W. M. RR. Co. for 50 years, from November 1, 1881. at an annual rental of
$32,700, being 7 per cent, dividend on stock, and 6 per cent, interest on bonds, both payable January and July.
Capital stock (p:ir, $50), $270,000 ; funded debt (1st mortgage 6 per cent. 50-year bonds, due July 1, 1931, interest
January and July), $230,000— total, representing cost of road, etc. ($19,215.99 per mile), $500,000. DAVID WILLS,
President, Gettysburg, Pa. ; Daniel J. Foley, Treasurer, Baltimore, Md.
BALTIMORE AND HARRISBURa RAILROAD.— Main Linf of Road.— Hanover Junction,
Pa., to Ortanna, Pa., 38.00 miles ; Baltimore Division : Valley Junction, Pa., to Emory Grove, Md.. 29.00 miles ;
Leased : (Bachman Valley RR. of Md., Pa. Line to Ebbvale, Md., 4.50 ; Berlin Branch RR., Berlin Junction to
East Berlin, Pa., 7.00), 11.50 miles'— total length of lines owned and operated, 78.50 miles. Sidings, etc., 4.72 miles.
Gauge, 4 ft. 8^ in. Rail (steel, 17.05 miles), 56 Ibs.
IRxtory. — Consolidation, October, 1886, of the Hanover Junction, Hanover and Gettysburg, Bachman Valley of
Pennsylvania, and Baltimore and Hanover RR. Cos. The first named company was a consolidation, September 1,
1874, of the Hanover Branch RR. Co. (chartered March 16, 1847, and road opened from Hanover Junction to Han-
over, Pa., 12.5 miles, October 22, 1852) and the Susquehanna, Gettysburg and Potomac RR. Cos., the former char-
tered March 16, 1847, and road opened from Hanover Junction to Hanover, Pa., 12.5 miles, October 22. 1852 ; the
latter chartered as Gettysburg RR. Co. June 9, 1838, name changed in 1856, and road opened from Gettysburg to
Hanover, 17.5 miles, December 1, 1858. The consolidated company extended the road from Gettysburg to Mar.-h
Creek, 3.5 miles, in 1884, and from Marsh Creek to Ortanna, 4.5 miles, in 1885. The Bachman Valley RR. Co. of
Pennsylvania was chartered May 30, 1871, and road opened from Valley Junction, Pa., to Maryland State Line, 9
miles, "December 2, 1872 : the Baltimore and Hanover RR. Co. was chartered in August, 1877, and road opened from
Maryland State Line to Ebbvale, Md., 20 miles, December 1, 1879. The Bachman Valley RRs. of Pennsylvania and
Maryland, the Baltimore and Hanover RR. and the Berlin Branch RR. were operated by the Hanover Junction.
Hanover and Gettysburg RR. Co. The operations for the fiscal years ending in 1886 are given in the subjoined
statements for the several roads.
Rolling Stock.— Locomotive engines, 11 ; Cars — passenger, 14 ; baggage, etc., 3 ; freight (box, 73 ; platform,
25 ; stock, 19), 117— total, 134. Also, 18 service and 2 caboose cars.
Financial Statement.— By the terms of the consolidation, the Baltimore and Harris burg RR. Co. issued $690,000
5 per cent, bonds, of which $415,000 are reserved by trustees to take up outstanding bonds of the consolidating com-
panies ; and their capital stocks are to be purchased from the proceeds of the remaining $275,000, which were sold
for that purpose.
On the 1st of November, 1886, the consolidated Baltimore and Harrisburg RR. and its controlled roads— the
Berlin Branch RR. and the Bachman Valley RR. of Maryland— were leased for 99 years to the Western Maryland
RR. Co.
ROADS OWNED OR CONTROLLED BY THE BALTIMORE AND HARRISBURG RR. Co.
BACHMAN VALLEY RAILROAD OP MARYLAND.— Pennsylvania State Line to Ebbvale, Md., 4 miles, and branch
from Ebbvale to Mines, 0.5 mile— total, 4.5 miles. Gauge, 4 ft. 8i in. Rail, 50 Ibs. Chartered April 7, 1870. and
road opened January 1, 1873. This is a private road, operated in connection with the Bachman Valley RR. of
Pennsylvania, as part of the through line between Gettysburg and Baltimore. The earnings for 1886 were— pas-
senger, $30 ; freight, $3.100 ; mail, $40 -total, *3,170. Expenses, taxes and interest, $2,500. Net income, $070.
Capital stock, representing cost of road, $68,156. JEROME L. BOYBK, President and General Manager, Reading,
Pa.; E. G. Holder, Secretary and Treasurer, Columbia, Pa. CORPORATE OFFICE, Columbia, Pa.
BACHMAN VALLEY RAILROAD OF PENNSILVANIA.— Valley Junction, Pa., to Maryland State Line, 9 miles. Con-
solidated into the Baltimore and Harrisburgh RR. in October, 1886. Earnings for 9 months ending September 80, 1886
—passenger, $3.417.87; freight, $6,600.61 ; mail and express, $926.17— total, $10,944.65. Expenses- maintenance
of way, $5,327.18 ; motive power, §5,489.15 ; other, $2,811.60— total, $13,627.93. Deficit, $2,683.28. Other charges :
Interest, $3.483.31 ; rebate to Baltimore and Hanover RR. Co., $878.59— total, $4.361. PO. Total deficit, $7,045.18.
Capital stock, $66,792.31 ; funded debt, 1st mortgage 5 per cent. $500 coupon bonds, due in 1892, intere.-t paya-
ble April and October, $45,000— total, $111,792.31. Cost of road, $112,494.13.
BALTIMORE AND HANOVER RAILROAD.— Emory Grove. Md., to Intersection, Pa., 20 miles. Sidings, etc.. 1.19
miles. Gauge, 4 feet 8} in. Rail (steel, 3.50 miles), 56 and 60 Ibs. Operation* for year ending March 31. 1886.—
Train mileage— passenger, 98,590 ; freight, 129,122— total, 227,712 miles. Passengers carried, 39.683 ; carried one
mile, 726,405 ; average mile rate, 2 08 cents. Tons freight moved, 44,713 ; moved one mile, 652,912 : average ton-
mile rate, 3.49 cents. Earnings— passenger, $15.087.39 ; freight, $22.805.61 ; mail and express, $2.309.41 ; other,
J>5,758.79— total, $45,961.20. Expenses -transportation, $3.289.96; motive power, $23,356.60 ; maintenance of
way, etc., $12.404.23; general, $1,870.91- total, $40,921.70. Net earnings (10.96 percent.), $5,039.50: add other
receipts, $8,000— total available revenue, $13,039.50. Payments; Interest on bonds, $7,200; dividends. $5.305 ;
other, $2,464.17— total, $14,969.17. Balance, deficit, $1,929.67. Capital stock, $89.200 ; funded debt, 1st mortgage
6 per cent. 20-year $500 and $1,000 coupon and registered bonds, due January 1, 1899, interest payable January and
July, $120,000— total stock and bonds, $209,200. Cost of road, $235,639.67.
BERLIN BRANCH RAILROAD.— Berlin Junction to East Berlin. Pa., 7 miles. Sidings, 0.35 mile. Gauge, 4 ft. 8
in. Rail, 50 and 56 Ibs. Chartered in 1876, and road opened in 1877.
Operations for year ending December 31, 1885.— Trains (mix.-d) run, 4.982 miles. Passengers carried, 5.056.
Tons freight moved, 6,328. Earnings— passenger, $1,064.40 ; freight, $2,511.87 ; other, $601. 15 -total, *4,177.42.
Operating expenses and taxes, $3,749.27. Net earnings, $428.15. Payments not reported.
Financial Statement, December 81, 1886.— Capital stock (par, $50), $43,195.19 : funded debt (1st mortgage 6 per
cent. 20-year bonds, due 1896, interest payable April and October, $25,000 ; 2d mortgage 20-year bonds, due 18518,
9,517.26- -total, $93.012.45. Construction
Interest payable January and July, $15,300), $40,300; unfunded debt, $9,51
($10,9(50.88 per mile), g7(i,726.19; cash and accounts, §653.44; rofit and loss. $15.<;32.S2
, . . . , . . , . .
lin, Pa.. Officers: A. W. EICIIELBEROER, Pretidmt, Hanover, Pa.; A. W. Storm, Secretary; Jacob Resser,
Trtafi'trer, East Berlin, Pa. CORPORATE OFFICE, Abbottstown, Pa.
HANOVER JUNCTION. HANOVEH AND GETTYSBURG RAILROAD.— Hanover Junction, Pa., to Ortanna, Pa., 38
miles. Operation* for year ending December 31. 1886.— Train mileage— passenger, fiO,040: freight, 73.S14— total, 1(>3.-
b54 miles. Passengers carried, 61,601 ; carried one mile, 1,015,400. Tons of freight moved, 68,193 ; moved one
POORS MANUAL OF RAILROADS. 311
due 1894, interest payable January and July, at Hanover, Pa., $2r>0,000— total, $366,850. Cost of road, 'equipment
and real estate, *601, 132.14. Trustees of bonds : W. Grumbine, H. A. Young, R. M. Wirt, Hanover Pa
BOAUD OF DIUECTOISS, Baltimore and Harrisburg RR. Co. (elected January 8. 1887).— Wm. Gniinbine, A W
Eichelberger, Stephen Keefer, R. M. Wirt, Reuben Young, Hanover, Pa.; David Wills, Gettysburg Pa • Jerome
L. Boyer, Beading, Pa.; J. M. Hood, Win. S. Rayner, Charles W. Slagle, Wm. H. Vickery, Baltimore Md
Officers : A. W. EICHELBERGER, President; R. M. Wirt, Secretary and Treasurer, Hanover, Pa.
Board of Directors Western Maryland RE. Co., elected October 20, 1886.
Joshua Biggs Rocky Ridge, Md.
William A. Boyd Baltimore, Md.
A. P. Burt Baltimore, Md.
Christian Devries Baltimore, Md.
George W. Harris. .Hagerstown, Md.
E. G. Hipsley Baltimore, Md.
C.W.Humrichouse.Hagerstown, Md.
Thos. W. Johnson. . .Baltimore, Md.
John C. Legg Baltimore, Md.
J. K. Longwell . . .Westminster, Md.
William 8. Rayner... Baltimore, Md.
Samuel H. Tagart Baltimore, Md.
Edward Worthington Glyndon, Md.
JOHN M. HOOD, President and General Manager Baltimore, Md.
John S. Harden, Secretary and Treasurer Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Hillen Station, Baltimore, Md.
WEST JERSEY RAILROAD COMPANY.
Main Line of Road. — Camden, N. J., to Cape May, N. J 81.47 miles.
Bridegton Branch : Glassborough to Bridgeton 19.60 miles.
Ocean City Branch : Sea Isle City to Ocean City 11.25
Sea Isle June. Branch : Sea Isle City June, to Sea Isle City 4.88
Pleasure RR. Branch : Sea Isle City to Townsend's Inlet 2.45 — 18.58 miles.
f West Jersey and Atlantic JRR.: Newfield to Atlantic City. . . v ..32.50
Somers Point Branch : Pleasantville to Somers Point 7.00
Leased : *J Swedesboro' RR. : Woodbury to Swedesboro' 10.80
Salem RR.: Elmer to Salem 17.12
I Wooodstown and Swedesboro' RR.: Swedesboro' to Woodstown.il. 24 — 78.66 miles.
Total length of lines (owned, 119.65 ; leased, 78.66) operated 198.31 miles.
2d track owned, 29.82 ; sidings owned, 20.83 m. Total track owned (steel, 114.90), 170,30 ;
total track on all lines owned and leased (steel, 163.03), 264.13 miles. Gauge, 4 ft. 9 in.
Rail, 50 to 60 Ibs.
History. — Chartered February 5, 1853 ; road opened to Woodbury in 1857, and to Bridge-
ton in 1862. The Bridgeton Branch, built under a separate charter, was opened in 1860, and
consolidated June 1, 1868. The extension to Cape May, built by the Cape May and Millville
RR. Co., was opened in June, 1868, and consolidated August 29, 1879. On August 27, 1885,
the consolidation and merger of the Ocean City RR. Co. into the West Jersey RR. was rati-
fied by the stockholders of the latter corporation, and under the agreement of merger one
share of W. J. stock was issued in exchange for the stock of the 0. C. RR. ($50,000), the
consolidation being wholly formal, all the stock of the 0. C. having been previously owned
by the W. J. RR. Co.
Rolling' Stock. — Locomotive engines, 30. Cars — passenger, 82 ; baggage and mail, 8 ;
street, 1 ; caboose, 7 ; freight (box, 37 ; stock, 2 ; gondola, 74 ; dump, 79), 192 — total rev-
enue cars, 290. Also, 79 service cars.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger 8848,523 50
Freight 388,715 15
Mail and Express 103,093 12
Miscellaneous 12,126 29
Total ($6,819.92 per mile) $1,352,458 06
Expenses.— Maintenance of Way $198,398 47
Motive Power and Cars 316,275 96
Transportation 817,242 84
Miscellaneous 17,266 86
Total ($4,282.10 per mile) $849,184 13
Net earnings (37.21 per cent.), $503,273.93. Received interest from investments, etc.,
$21,350.61. Available revenue, $524,624.54. Payments: Interest on bonds, $180,174; rentals,
$123,115.42 ; C. & A. RR. Co., $8,711.19 ; dividends (March and September, 3 per cent, each),
$89,140.50— total, $401,141.11. Balance, surplus, $123,483.43.
342
POOR S MANUAL — WEST JERSEY RR. CO.
Statement of operations and general account, all lines, for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated.
Passenger Traih Hues
Freight Train Miles
128.45
302,797
108,948
145.68
461,885
116,836
162.91
501,906
148,686
175.25
600.502
175,834
188.80
640,086
196,91 1
200.16
696,317
215 OSft
200.19
727.800
221 701
193.31
763,431
237 111
Other Train Miles
11,800
45,305
19,778
27,690
11 394
16 191)
16 457
36 576
Total Train Miles
483,545
623,526
670,370
804,026
848391
927 596
905 058
1 037 118
Passenger? Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
659,862
16,674,109
162,467
5,217,286
969,197
82,377,640
186,510
5,680,110
1,238,132
42,550,400
276,807
9,046,582
1,542,478
52,545,479
317.664
10,983,344
1.671,3158
54,038,115
394,502
13 087 178
1,810,109
56,818,113
439,670
14,599 913
1,809,586
56,783,009
407,442
15 077 143
1,960,497
61,264,138
504,006
15 385 547
Gross Traffic Earnings
Transportation Expenses..
$
582,723
332,366
I
756,607
483,129
8
988,526
560,954
8
1,109,410
654,744
8
1,227,654
785,757
$'
1,319,648
816,343
' 8'
1,286,012
809,395
S
1,352,458
849,184
Net Traffic Earnings
Other Receipts
251,357
2,455
273,378
2,084
427,572
3,075
454,666
441,897
503,305
11 967
476,617
14008
503,274
21 351
Available Revenue
253.812
275,562
430,647
454,666
441,897
515272
490 6°5
524626
Lea^e Rentals, etc
39 354
41,614
86 069
90 810
109 646
131 938
121 089
131 827
Interest
158 585
171,022
175 726
177,118
178,888
175*174
175 173
IfO 174
Dividends..
Balance (+ or -)
(2) 27,195
+ 28678
' V ' 62,926
(4) 54,390
+ 114,662
(6) 82,807
+ 103,931
(6) 85,532
+ 68,131
(6) 87,789
+ 120 371
(6) 89,113
+ 105 £50
(0 89,141
+ 123,483
Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile.
4,544 36
2,587 51
1 956 85
5,193 62
3,316 37
1,877 25
6,067 93
3,442 34
2 624 59
6.330 44
3,793 11
2,537 33
6,902 41
4,561 85
2 340 56
6,592 96
4,078 45
2 514 51
6,423 95
4,043 13
2380 82
6.819 92
4.^'S2 10
2 537 82
Earnings to Expenses
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
Miles of Railroad Owned. . .
Miles of Track
56.94 p. c.
1.99c.
4.64 C.
101.07
119.44
63. 86 p. c.
1.48 c.
3.51 c.
101.07
119.47
56.75 p. c.
1.44c.
3.07 C.
101.07
121.31
59.01 p. c.
1.34 c.
2.69 c.
105.87
122.27
64 p. c.
1.42 c.
2.65 c.
108.18
145.96
61.^6 p. c.
1.45 c.
2.58 C.
101.07
142 49
62.94 p. c.
1.41 c.
2.47 C.
119.57
165 65
62.79 p. c.
1.38c.
2.53 c.
119.65
170.30
Miles of Steel Rail
30 62
39 01
53 59
66 67
70 00
70 00
103 82
114 90
Locomotive Engines . .
20
22
23
25
27
30
30
30
Passenger Cars
50
73
58
68
72
83
88
82
Bagsrage, Mail, etc., Cars...
Freight Cars
• 13
222
17
206
16
199
6
194
7
196
7
200
7
199
8
199
Capital Stock
Funded Debt
S
1,359.750
2,523,500
S
1.359,750
2,655,000
8
1,359,750
2,755.500
8
1,377,750
2,748,500
S
1,441,750
2,752,500
$
1,484,800
2,752,000
8
1.485,650
2,751,000
8
1.485.700
2,851,000
Accounts Payable, etc
102.845
87,342
164,904
170,907
170,454
152,860
249.100
139,900
Profit and Loss
90,372
153,712
145,582
204,822
132,248
132.082
170,607
235.020
Total Liabilities
4,076,467
4,255,804
4,425,736
4,501,979
4,496,952
4,521,742
4,656,357
4,712,220
Railroads
2,395,749
2,413,539
2,516,882
2,fi09,329
2,609.329
2.609,329
2,663,768
2,663.768
Equipments
459,297
561.297
561,297
561,297
561.297
561,297
561 297
561.297
Real Estate
210,315
210,315
210,315
210,315
210,315
210.918
207.281
207.281
Stocks and Bonds
429,100
436,610
454,590
479,790
576.150
660,475
723.075
724.675
Other Investments
255,991
295,991
255,186
255,186
155,186
63,086
61,586
60,500
Sinking Fund
168,750
181,250
193,750
206.250
218,750
231,250
243.750
256,403
Sundry Assets
153,396
130.437
204,568
136,066
109,501
128,833
146,512
191.198
Cash
3,869
66.375
29,147
43,746
56,424
56,554
49,088
47,098
Total Prop, and Assets.
4,076,467
4,255,804
4,425,736
4,501,979
4,496,952
4,521,742
4,656,357
4,712,220
The earnings and expenses of main and leased lines were :
RAILROADS.
Length.
Gross Earnings.
Expenses.
Net Earnings.
Amount.
Per Mile.
Amount.
Percent
Amount.
Per Mile.
West Jersey ....
jr.
119.65
10.80
11.24
17.12
39.50
$
1,020,839 75
58.320 12
83,052 59
28.272 36
211,96721
$
8.531 88
5.400 57
2,940 62
1,051 42
5,3«6 26
633.487 06
26,568 32
25,688 64
34,190 34
129,249 77
62.06
45.55
77.72
120.<<3
60.98
387)552 69
31,75780
7.363 95
def. 5.917 98
82,717 47
8
3.237 38
2.940 54
65516
def. 345 C8
2,094 11
Swedesboro
Woodstown and Swedesboro.
Salem ....
West Jersey and Atlantic
Total
198.31
1,852,458 06
6,819 99
849,184 13 62.79
503,27393
2,53782
Rentals paid leased lines PS fellows : Swedesboro' RR., $19,901; Salem RR., $13,133;
West Jersey and Atlantic, $82,717.47; Woodstown and Swedebboro' RR., $7,363.95— total,
$123.115.42.
POOR'S MANUAL OF RAILROADS. 343
Profit and Loss Account, December 31, 1886.— Balance from 1885, $170,607.01 ; surplus
for year 1886, $123,483.43 ; dividends received, $165— total, $294,255.44. Per Con-
tra: Improvements to main and leased lines, $54,177.43; reduction in value of Delaware
lands, $1,085.94; expended for real estate, $3,331.10; sundry accounts, $41.24— total, $58,-
635.71. Balance to credit of account, December 31, 1886, $235,619.73.
The trustees of the sinking fund report balance from last year, $346.27 ; received from
40th and 41st semi-annual installments, $12,500 ; interest on investments, $29,385 ; redemp-
tion of six bonds W. J. & A. ER. Co., $6,000; advanced by West Jersey RR. Co.. $153.23—
total, $48,384.50. Payments: For $10,000 W. J. RR. bonds, $12,070; for $36,000 Ocean
City RR. bonds, $36,000 ; for $50 West Jersey City certificates of indebtedness, $57 ; com-
missions, etc., $257.50 — total, $48,384.50. The nominal amount held in sinking fund at
date was $509,750, consisting of W. J. RR. bonds, 1st mortgage 6s, $146,500 ; 1st mortgage
7s, $80,000; consolidated mortgage 6s, $106,500; W. J. RR. 6 per cent. cert, of indebt., $250
—total, W. J. RR. bonds, $333,250; Swedesboro' RR. 1st mortgage 7s, $63,000; Salem RR.
1st mortgage 6s, $5,500 ; W. J. and Atlantic RR. 1st mortgage 6s, $45,000; Ocean City RR.
1st mortgage 5 p. c., $63,000.
General Balance Sheet, December 31, 1886.
Construction $2,663,768 04
Equipment 561,296 94— $3,225,064 98
EealEstate 207,28075
Materials and Supplies 54,16245
Stocks and Bonds Owned 724,674 94
Mortgages and Delaware Lands 60,500 00
Sinking Funds 256.403 23
Due from Agents, etc 137,035 66
Cash on Hand . . . 47,098 29
Total Assets $4,712,220 30
Capital Stock $1,485,650 (0
Loan Account, 1883 $2,500
Loan Account, 1896 1,000,000
Loan Account, 1899 1,000,000
Loan Account, 1909 748,500
Ocean City RR. Co. Loan 100,000 — 2,851 ,000 00
Certificates of Debt, C. M. & M. RR. Co. 4,400 00
Unpaid Interest and Vouchers, etc 84,718 26
Other Companies 50,78231
ProfitandLoss 235,619 73
Total Liabilities $4,712,220 30
Funded debt consisted, December 31, 1886, of —
6 per cent, bonds, guaranteed by C. & A. Co., March 1, 1861-1893 $2,500
1st mortgage 6 per cent, bonds, guaranteed by C. & A. Co., Jan. 1, 1866-1896. 1,000,000
2d mortgage 7 per cent, bonds, April 1, 1868-1899 1,000,000
Consolidated mortgage 6 per cent, bonds, November 1, 1879-1909 748,500
Ocean City RR. mortgage bonds, 6 p. c., due August, 1925, int. Feb. and Aug. 100,000
Interest on bonds is payable at office of Pennsylvania RR. Co., Philadelphia, Pa. The
authorized amount of the consolidated mortgage ($3,000,000) is intended to cover all out-
standing issues and to provide for future needs of the company.
The stocks and bonds held by the company consist of the following : Cape May and Mill-
ville RR. Co. stock (7,000 shares), $350,000 ; Salem RR. Co. (1,400 shares), $70,000 ; West
Jersey Express Co. (120 shares), 6,000; Cape Island Turnpike Co. (438 shares), $100 ; West
Jersey and Atlantic RR. Co. (5,220 shares), $201,449.94; Woodstown and Swedesboro' RR.
Co. (2,405 shares), $60,125 ; Ocean City RR. Co. mortgage bonds, $37,000— total, $724,674.94.
Annual meeting, first Tuesday in March ; books close 30 days prior thereto. Directors
name day of payment of dividend; books not closed therefor. Stock and bonds listed on
Philadelphia Stock Exchange.
RAILKOADS OWNED OB LEASED BY THE WEST JERSEY RR. Co.
SALEM RAILRO AD.— Elmer to Salem, N. J.. 17.12 miles ; total track (steel, 1.06), 18.75 miles. Oper-
by the West Jersey RR. Co. f<
$110.550 stock owned by individi;
ated by the West Jersey RR. Co. for 6 per cent, dividends, payable June and December, 8 per cent, each, on the
$110.550 stock owned by individuals ($6.633); 6 per cent, interest on $100,000 bonds ($6.000); and $500 for ex-
penses of organization— total rental, $13,133. Total capital stock, $180,550, of which $70,000 are owned by lessee.
Cost, $278.3^0.43. RICHABD M. ACTON. ' President ; Josiah Wistar, Secretary and Treasurer, Salem, N. J.
SWEDESBORO' RAILROAD.— Woodbury to Swedesboro', N. J., 18.80 miles ; total track (steel,
0.36), 12.06 miles. Op
$93.350 stock ($5, 601);
$19,901. Cost, $262,21
"WEST JERSEY AND ATLANTIC RAILROAD.— Newfleld to Atlantic City, 32.50 miles ;
Pleasantville and Ocean City RR., Pleasantville to Somors Point, 7 miles— total, 39.50 miles. Total track (steel,
36.02) 46 19 miles Chartered November 5, 1875; road opened June 15, 1880; operated by the West Jersey RR. Co. ;
rental, net earnings. The Pleasantville and Ocean City RR. Co. was consolidated with this company January 1,
1883. During 1886 a new connection was made with the West Jersey RR. at Atlantic City, which occasioned a
344
POOB'S MANUAL OF RAILROADS.
redaction of 1.96 miles of main track. Rental, 1886, $82,717.47. Financial Statement, December 31. 1886 : Cap-
ital stock, $772,650 ; funded debt, $401,000— total, $1,173,650. Funded debt : 1st mortgage 6 per cent, 30-year
bonds, due September 1, 1910, interest March and September, $321,000; Pleasantville and Ocean City RR. 1st
mortgage 6 per cent. 30 year bonds, due July 1, 1910, interest January and July, $80,000. The 1st mortgage
bonds are being gradually retired with money received from W. J. RR. Co. for drawback. Annual meeting,
first Tuesday in March. Books close day preceding. Bonds and stock of original company (before consolida-
tion of P. & O. C.) listed on Philadelphia Stock Exchange. GEORGE WOOD, President, Camden, N. J.; Win.
Taylor, Treasurer, Philadelphia, Pa.
WOODSTOWN AND SWEDESBORO' RAILROAD.— Swedesboro' to Woodstown. 11.24 miles:
total track (stei-1, 10.69), 12.13 miles. Chartered March 1, 1871; amended February 14, 1881, andMarch 23, 1881 : road
built in 18S2 and opened for bnsiness February 1, 1S83. Operated by the West Jersey RR. Co.; rental, net earn-
ings—for 1886, $7.3(53.95. Capital stock, $100,000 ; funded debt, 6 p'er cent. 30-year bonds, dated July 1, 1882,
f 90,000— total, 8190,000. Cost of road. $189,214.46. WM. J. SEWELL, President, Camden, N. J.; Wm. Taylor,
ecretary and Treasurer, Philadelphia, Pa.
Board of Directors West Jersey HE. Co., dectedNarch 1, 1887.
George B. Roberts. Philadelphia, Pa.
Coleman F. Leaming.CapeMfly,N.J.
Charles E. Elmer. . .Bridgeton, N. J.
John M. Moore
Clayton. N. J.
Edmund Smith. . .
Thomas H. Dudley. . .Camden, N. J.
George Wood Philadelphia, Pa.
J. N. Dn Barry.. .Philadelphia, Pa.
N. P. Shortridge... Philadelphia, Pa.
Henry D. Welsh Camden, X J.
Wm. J. Sewell Camden. N. J.
B. F. Lee Camden, N. J.
James H. Nixon. . .Philadelphia, Pa.
.Philadelphia, Pa.
GEORGE B. ROBERTS, President Philadelphia, Pa.
W. J. Sewell, Vice President Camden, N. J.
General Manager— Charles E. Pugh.. Philadelphia, Pa. | Secretary and Treasurer— William Taylor.Philadelphia.
PRINCIPAL OFFICE AND ADDRESS Federal Street, Camden, N. J.
Fiscal Agency and Transfer Office 233 South Fourth Street, Philadelphia, Pa.
WEST PENN AND SHENANGO CONNECTING RAILROAD COMPANY.
Line of Road. — Coaltown Junction to Butler, Pa 19.6 miles.
Sidings, etc., 2.4 miles. Gauge, 4 ft. 8| in. Rail (steel, 60 Ibs.
History. — Road completed and opened for traffic September 10, 1883. Built as a con-
necting link between the Shenango and Allegheny and the Pennsylvania RRs., those com-
panies paying a rental equal to 20 per cent, of their freight earnings to and from this road,
for the privilege of running over it. Default was made July 1, 1885, and a receiver appointed.
Suit for foreclosure brought by the mortgage trustee October 19, 1886. Operated by Slie-
nango and Allegheny RR. Co.
Operations for year ending December 31, 1886. — Train mileage — passenger, 37,760;
freight, 12,520— total, 50,280 miles. Passengers carried, 64,257 ; carried one mile, 762,408-;
average mile rate, 2.50 cents. Tons freight moved, 35,335 ; moved one mile, 407,028 ; aver-
age ton-mile rate, 2.56 cents.
Earnings.— Passenger $19,847 52
Freight 10,402 34
Mail 1,134 24
Express 2,56386
Total ($1,731.78 per mile).
Expenses.— Transportation $12,303 52
Motive Power and Cars 3,370 33
Maintenance Way & Buildings.. 6,136 75
General.., 1,75601
Total ($1,202.38 per mile} $23,566 61
Net earnings (30.58 per cent.), $10,381.35 ; add receipts under traffic agreement with the
Shenango and Allegheny and the Pennsylvania RR. Cos., $3,180.96 — total revenue, $13,-
562.31. Interest accrued on bonds, $24,000. Deficit, $10,437.69.
General Balance Sheet, December 31, 1886.
Cost of Road $97'4,359 42
Real Estate and Buildings.
Accrued Interest on Bonds.
Other Interest
Current Accounts
J. T. Blair, Receiver
State Taxes
Legal Expenses
12,484 44
95,314 83
12,598 18
4,195 60
2,268 66
430 97
518 50
Total Assets $1,102,170 60
Capital Stock.. $500,00000
Funded Debt Outstanding 400,000 00
BitlsPayable 3,00000
Receiver's Certificates 15,500 00
Certificates of Indebtedness 66,164 52
Interest on Cert, of Indebtedness 11,644 93
Interest on Bonds 48,000 00
Pennsylvania RR. Co 12,000 00
Shenango and Allegheny RR. Co 11,742 00
Guarantee Fund 9,140 98
Audited Vouchers, etc 1,973 90
Income from Operation 23,004 27
Total liabilities... $1,102,170 60
Interest payable at office of trustee of bonds, the Fidelity Insurance, Trust and Safe
POOR'S MANUAL OF RAILROADS. 345
Deposit Co. of Philadelphia. Registrar of stock, J. D. Stinson, treasurer of company. Vot-
ing power attaches to stock after 15 days' ownership.
Directors (elected January 28, 1884). — John P. Green, J. N. DuBarry, Philadelphia, Pa ;
A. H. Steele, Titusville, Pa.; John M. Thompson, Butler, Pa.; W. H. Garrett, Greenville,
Pa.; W. C. Stinson, Erie, Pa.; James A. Strauahan, Mercer, P».
JAMES T. BLAIR, Bceceiver and President Greenville, Pa.
Vice-President— John M. Thompson Butler, Pa. | Sec. and Treat.— J. D. Stinson Greenville, Pa.
PKINCIPAL OFFICE AND ADDRESS Greenville, Pa.
WICOMICO AND POCOMOKE RAILROAD COMPANY.
Line of Road.— Salisbury, Md., to Ocean City, Md 30 miles.
Sidings and other tracks, 2 miles. Gauge, 4 ft. 8| in. Rail, 40 Ibs.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 5 ; baggage, mail, and ex-
press, 1 ; and freight, 22— total, 28.
Operations for year ending December 31, 1886. Earnings— passenger, $6,974.87; freight,
$9,736.52; mail, $1,143.21 ; express, $175.40— total, $18,030.
Financial Statement. — Capital stock, $160,000 ; 1st mortgage 6 per cent, bonds, due
July 1, 1888, $200,000 ; floating debt, $10,000— total stock, bonds, etc., $370,000.
S. SHOWELL, President Berlin, Md.
Secretary— R. J. Henry Berlin, Md. | Road Master— S. McMullan Berlin, Md.
PRINCIPAL OFFICE AND ADDRESS Berlin, Md.
WILKESBARRE AND WESTERN RAILWAY COMPANY.
Main Line of Road.— Watsontown, Pa., to Millville, Pa 22
Branch : Eyers Grove to Millville, Pa 2 — 24 miles.
Sidings, etc., 4 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 and 63 Ibs.
History. — Chartered June 22, 1886 ; road opened 22 miles, December 13, 1886; extended
to Millville April 7, 1887. The Milton and North Mountain RR. Co., chartered in November,
1885, and the Millville and North Mountain RR. Co., chartered January, 1886, were merged
into this company December 25, 1886. Projected road extends from Watsontown to Shick-
ehinney, Pa., a distance of 43 miles.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 2. Cars — passenger, 2 ; bag-
gage, 1 ; freight (box, 6 ; platform, 3), 9 ; caboose, 1 ; other, 18 — total, 31.
Financial Statement, December 31, 1886. — Capital stock authorized (par, $50), $1,000,-
000 ; funded debt 1st mortgage 5 per cent. 40-year $1,000 gold coupon bonds, dus July 1,
1926, interest payable January and July, $20,000 per mile authorized.
Annual meeting in January. Trustee of bonds, Central Trust Co. Stock must be
owned sixty days to entitle holder to vote. Interest payable at trustee's office.
Directors (elected January 20, 1887).— R. T. McCabe. W. C. D'Armond, Jacob Gump,
Morris Liveright, F. H. Kingsbury. Philadelphia, Pa.; W. R. Heath, Utica, N. Y.; T. S.
Moorhead, H. G. Cohill, Milton, Pa.; S. H. Hicks, Watsontown, Pa.
R. T. McCABE, President New York, N. Y.
Secretary—?!. H. Hicks Watsontown, Pa. I Treasurer— John M. Caldwell Milton, Pa.
Chief Engineer— T. 8. Moorhead Milton, Pa. | Superintendent— S. H. Hicks Watsoutown, Pa.
PRINCIPAL OFFICE AND ADDRESS Watsoutown, Pa.
WILLIAMSPORT AND NORTH BRANCH RAILROAD COMPANY.
Line of Road. — Hall's Station, Pa., to Bernice, Pa. (projected) 43 miles.
Sidings, 4 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs. per yard.
History. — Chartered as Muncy Creek, RR. May 21, 1864 ; road opened from Hall's Station
to Hughesville, 6.5 miles, in September, 1871. Placed in the hands of a receiver January 27,
1881. On the 9th of August, 1882, the road was sold by the trustees of the mortgage, and
purchased by the bondholders, who reorganized the company under its present title Septem-
346 POOB'S MANUAL OP EAILROADS.
ber 1, 1883. The new company in 1884 extended the line from Hughesville to Glen Mawr,
8 miles ; in 1885 from Glen Mawr to Sonestown, 8 miles ; in October, 1886, from Sonestown
to Nordmont, 6 miles, and in March, 1887, an additional 3 miles was under construction. On
its completion to Bernice this road will connect with the State Line and Sullivan RR., with
which the company has a contract providing for the running of through trains to and from
Towauda, Pa.
Rolling Stock (acquired by car trust). — Locomotive engines, 5. Cars — passenger, 8 ;
baggage, 4.
Operations for year ending December 31, 1886. — Not reported. Gross earnings, $55,-
233.22; operating expenses, $34,645.04. Net earnings, $20,588.18. Payments: Interest on
bonds, $13,800 ; equipment trust, $6,826.68 ; pinking fund, $2,000— total, $55,271.72.
Financial Statement, December 31, 1886. — Capital stock (par, $50), common, $520,200 ;
preferred, $155,000 ; 1st mortgage, 6 per cent. 80-year bonds, coupon or registered, due
November 1, 1912, interest May and November (authorized, $1,000,000), can be issued at the
rate of $15,000 per mile of completed road. Amount to which company is entitled by con-
struction to date, $420,000.
Trustee of bonds, Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa., at
whose office interest is payable. Annual meeting, third Wednesday in May.
Directors.— John H. Dye, Robert England, Thomas B. Reeves, William J. Paul, T. N.
Davis, Philadelphia, Pa. ; Oliver Prescott, New Bedford, Mass.
BENJAMIN G. WELCH, President and Gen. Manager Hughesville, Pa.
De Witt Bodine, Vice-President Hughesville, Pa.
Treasurer— C. William Woddrop Hughesville, Pa. | Secretary— B. Harvey Welch Hughesville, Pa.
PRINCIPAL OFFICE AND ADDRESS Hughesville, Lycoming Co., Pa.
WILLIAMSTOWN AND DELAWARE RIVER RAILROAD COMPANY.
Line of Road. — Atco, N. J., to Glassboro', N. J 17.50 miles.
Trackage : Phila. and Read. RR., New Jersey So. Div., Atco, N.J., to Atsion.N.J.. 9.24 miles.
Total length of line operated 26.74 miles.
Sidings, 2.40 miles. Gauge, 4 ft. 8i in. Rail (steel, 10 miles), 60 Ibs.
History.— Originally the Williamstown RR. On the 6th of October, 1883, that road was
sold under foreclosure, and on the 1st of December reorganized under its present name. Dur-
ing 1883 the road was extended from Williamstown to Glassboro', 7.5 miles.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 3 ; freight (box, 4 ; platform,
4), 8 ; caboose, 1 ; other, 6— total, 18.
Operations for year ending November 30, 1886. — Trains run— passenger, 64,600 ; freight,
16,253 ; mixed, 9,336 ; other, 6,400 — total, 96,589 miles. Passengers carried, 27,951 ; carried
one mile, 235,514. Tons freight moved, 79,780 ; moved one mile, 861,133. Earnings — pas-
senger, $10,906.18 ; freight, $->3,959.41 ; miscellaneous, $1,750.06— total. $36,615.65. Operat-
ing expenses, $38,517.22. Deficit, $1,901.57.
Financial Statement, November 30, 1885 (latest furnished).— Capital stock, $130,000 ;
funded debt, 1st mortgage 7 per cent, bonds, $130,000 ; floating debt, $20,000— total,
$280,000.
O-LASSBOBO' RAILROAD.— Sonth Glassboro' to Glassboro', N. J., 0.50 mile; total track (steel, 0.5
mile). 1.20 miles. Rail 50 and 60 Ibs. Operated by Williamstown and Delaware River RR., which furnishes equip-
ment and in whose 'operations receipts and expenses are included. Capital stock, §1,000 ; bonded debt, $3,400 ;
floating debt, $5,600— total, $10,000. Cost of road, etc., $10,000. Samuel Garwood, Superintendent, Camden, N. J.
Directors of the Williamstown and Delairare River RR. Co.
George de B.Keim. Philadelphia, Pa. A. H. O'Brien Philadelphia, Pa. Samuel Garwood. Williamstown, N.J.
Albert Foster Philadelnhia.Pa. W. H. Brown Philadelphia, Pa. Woodward Warwick. Glagsboro,N.J.
J. Alfred Bondiiie.
.Camden, N.J.
GEORGE DE B. KEIM, President Philadelphia, Pa.
Secretary— Albert Foster Philndelphia.Ta. | Superintendent— S. Garwood Camden,N. J.
Treasurer — John WeUh '. Philadelphia, Pa.
OFFICE IN PHILADELPHIA. . . .227 South Fourth Street.
POOR'S MANUAL OP RAILROADS. 347
WILMINGTON AND NORTHERN RAILROAD COMPANY.
Main Line of Road. — Wilmington, Del., to Birdsboro', Pa 64.60 miles.
{Reading, 6.9; French Creek, 5.9; Rockland Mill, 1; Delaware Riter,
3.5; Christiana Avenue, 1.87; South Walnut Street, 1.07; Kentmere,
2.77 23.01 miles.
Tm^Vacro .\Schuylkill and Lehigh RR.: High's Junction to Reading. 2.42;
• ( West Reading and Lebanon Valley RRs., 1.47 3.89 miles.
Total length of road (owned 87.61 miles), operated 91.50 miles.
Sidings, etc., 20.23 miles. Gauge, 4 ft. 8J in. Rail (steel, 63.19 m.), 50, 55 and 56 Ibs.
History. — The Berks and Chester and the Delaware and Pennsylvania Line RR. Cos.
were consolidated under the name of the Wilmington and Reading RR. Co. in 1866. Road
opened from Wilmington to Birdsboro' in 1870, and extended to Reading in 1874. On May
31, 1875, the Baltimore, Philadelphia and New York RR. Co., successor to the State Line and
Juniata and Maryland and Pennsylvania RR. Cos., and having the right to build a road from
Baltimore to Philadelphia, was absorbed by the Wilmington and Reading. On the 1st of
April, 1875, default was made in payment of interest, and commissioners were appointed
May 8, 1876. Main line sold December 4, 1876, and purchasers organized as the W. & N.
RR. Company, January 18, 1877. The extension to Reading was sold separately.
Rolling Stock. — Locomotive engines, 21. Cars — passenger, 13 ; passenger and baggage,
6 ; baggage and express, 2 ; freight (box, 50; stock, 3; platform, 74; caboose, 5), 132 — total,
153. Also, 18 eervice cars.
Operations for year ending December 31, 1886. — Train mileage — passenger, 212,780 ;
freight, 236,903 ; other, 139,095— total, 588,778 miles. Passengers carried. 815,105 ; carried
one mile, 4,330,153 ; average mile rate, 1,777 cents. Tons freight moved, 664,239; moved
one mile, 21,678,079 ; average ton-mile rate, 1.356 cents.
Earnings.— Passenger $76,063 27
Freight 298.897 80
Mail 3,557 63
Express 7,012 89
Miscellaneous 2,80541
Total ($4,199.31 per mile) $384,237 00
Expenses.— Maintenance of Way $68,892 07
Maintenance of Cars 13,091 60
Motive Power 19,323 91
Transportation 175,412 05
Miscellaneous 53,245 17
Total ($3,606. 17 per mile) $329,964 80
Net earnings (14.64 per cent.), $54,272.20 ; bonds sold, $12,000; other receipts, $1,630.19
—total available revenue, $67,952.39. Payments: Interest, $12,570.25 ; bonds redeemed,
$2,400— total, $14,970.25. Surplus, $40,982.14 ; surplus from last year, $318,529.64— total
surplus, $359,511.78.
Financial Statement, December 81, 1886 (87.61 miles).— Capital stock (par, $50), $1,-
278,050; funded debt, $233,200; bond and mortgage, $15,500; current accounts, $107,465.36;
profit and loss, $361,911.78— total, $1,996,127.14. Contra: Construction, $1,572,446.27;
equipment, $189,775.13 ; real estate, $100,826.94 ; materials, $20,569.97 ; other assets, $36,-
795.64 ; current accounts, $69,079.30 ; cash on hand, $6,633.89.
Funded debt consisted, December 31, 1886, of following issues :
French Creek Branch (7.42 miles) coupon, $100, 6 per cent, bonds, Oct. 1, 1879-99, int. April and Oct $27,100
Rockland Mill Branch (1.12 miles) coupon, $100, 6 per cent, bonds, Oct. 1, 1879-99, int. April and Oct. ... 6,100
Delaware River Extension, (7.43 miles) reg., $500, per cent, bonds, July 1, 1881-1906, int. Jan. and July. . 100,000
Kentmere Branch (3.34 miles), reg., $500, 5 per cent, bonds, Oct. 1, 1883-1908, interest April and Oct 100,000
Interest on bonds payable at Treasurer's office. Trustees — of French Creek Branch
bonds, Richard T. Leaf and L. Heber Smith ; of all others, Victor Du Pont and Charles G.
Rumford. Registrar of stock, E. B. Shurter. Annual meeting, first Monday in May. Voting
power attaches to stock after sixty days' ownership. Transfer Agents : W. K. Harris,
Coatesville, Pa., and E. B. Shurter, Wilmington, Del.
Directors (elected May 3, 1886.)— A. L. Foster, William Du Pont, Wilmington, Del.;
George Brooke, Birdsboro', Pa.; Charles Huston, Coatesville, Pa.;. Richard E. Ely, New
Hope, Pa.; John S. Gerhard, Philadelphia, Pa.
H. A. Du PONT, President Wilmington, Del.
Secretary— E. B. Shurter ... . . .Wilmington, Del. | Supt. & Treas.—A. G. McCausland .. .Wilmington, Del.
Auditor— T. B. Townsend Wilmington, Del.
PRINCIPAL OFFICE AND ADDBESS Wilmington, Del.
Transfer Office Reading, Pa.
348 POOR'S MANUAL OF RAILROADS.
YORK AND PEACH BOTTOM RAILWAY COMPANY.
Line of Road. — York, Pa., to Peach Bottom, Pa 40 miles.
Sidings, etc., 3.75 miles. Gauge, 3 feet. Rail (steel, 40 miles), 30 and 40 Ibs.
History. — Formerly the Middle Division of the Peach Bottom Ry. (chartered in March,
1868; road opened in June, 1874). Receiver appointed May 20, 1881. The road was sold
under foreclosure December 20, 1881, and the present company organized in March, 1882.
Rolling Stock, December 31, 1886. — Locomotive engines, 5. Cars — passenger, 8 ; freight,
84 ; other cars, 6 — total cars, 98.
Operations for year ending December 31, 1886. — Train mileage — passenger, 30,391 ;
freight, 61,131— total, 91,522 miles. Passengers carried, 64,293.
Earnings.— Passenger $20,293 07
Freight 30,81843
Mail and Express 2,40000
Miscellaneous ... 1,277 55
Total ($1 ,369.73 per mile) $54,789 05
Expenses.— Transportation, etc $1 1,003 07
Maintenance of Cars 5,166 19
Maintenance Way and Buildings. 10,102 05
General 8,89935
Total ($879.27 per mile) $35,170 66
Net earnings (35.81 per cent.), $19,618.39.
General Balance Sheet, December 31, 1886.
Cost of Road and Equipment $582,623 38
Materials and Fuel on Hand 4,36416
Current Accounts 2.896 02
CashonHand 1,442 02
Total Assets $591,325 58
Common Stock Paid in (par, $50) $247,550 00
Preferred Stock Paid in (par, $50) 1,700 00
Funded Debt Outstanding 244,800 00
Bills Payable 1,998 80
Unfunded Debt 86,780 00
Total Liabilities $582,828 80
Funded debt consists of :
1st mortgage 5 per cent. 50-year bonds, due 1932, interest April and October $47,500
2d mortgage 5 per cent. 50-year bonds, due 1932, interest May and November 197,300
Directors. — George S. Billmeyer, Michael Schall, John H. Small, E. G. Sinyser, York,
Pa. ; John Humphrey, West Bangor, Pa. ; Harry Keyser, Bridgeton, Pa.
CHARLES R. McCoNKEY, President Peach Bottom, Pa.
Treasurer— Ei. G. Smyser York, Pa. | Secretary— F. G. Metzger York, Pa.
General Superintendent— S. M. Manifold York, Pa.
PRINCIPAL OFFICE AND ADDRESS York, Pa.
YOUGHIOGHENY RAILROAD COMPANY.
Line of Road. — Irwin, Pa., to Sewickiey, Pa 12 miles.
Sidings, etc., 0.5 mile. Gauge, 4 ft. 9 in. This is a private road, built for the convenience
of the Penn Gas Coal Co., and owned by that company.
F. A. DINGEE, President Philadelphia, Pa.
Sec. and Treas.—S. T. Billmeyer Philadelphia, Pa. | Superintendent— John V. Wolf.. Irwin, Pa.
PRINCIPAL OFFICE AND ADDRESS Irwin, Pa.
Statement of Railroads in Group 2 received too late for insertion in their proper places.
BAY RIDGE AND ANNAPOLIS RAILROAD COMPANY.
Line of Road. — Bay Ridge, Md., to Annapolis, Md 5 miles.
Gauge, 4 feet 8| inches.
History.— Company organized in March, and road completed in August, 1886. Con-
trolled by the Baltimore and the Ohio RR. Co.
Directors. — J. Wirt Randall, James H. Vansant, Annapolis, Md.; VV. S. Townsend,
August Faure, G. H. Slaughter, Hugh L. Bond, Jr., Baltimore, Md.
HUGH L. BOND, Jr., President Baltimore, Md.
Vice-President— J. Wirt Randall Annapolis, Md. | Secretary and Treas.—Q. H. Slaughter-Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Baltimore, Md.
POORS MANUAL OF RAILROADS. 349
BRADFORD, BORDELL AND KINZUA RAILROAD COMPANY.
Main Line of Road.— Bradford, Pa., to Simpson, Pa 15.00 miles.
Bordell Branch : Kinzua Junction, Pa., to Rew City, Pa 1.93 miles!
T _ __ j . j Bradford, Bordell and Smethport RR . . 10 23 miles'
' ( Rew City and Eldred RR 12.16 miles.
Total length of road operated December 81, 1886 39.32 miles.
Sidings and other tracks, 3.40 miles. Gauge, 3 ft. Rail, iron, 30 ; steel (5.30 miles), 40 Ibs.
History. — This company was organized March 6, 1880 ; road opened June 7, 1880, and
completed October 15, 1880. It was built in the interest of the New York, Lake Erie and
Western RR. Co. to reach the oil regions of northern Pennsylvania, forming in connection
with the Bradford, Eldred and Cuba RR. and their leased lines a direct narrow-gauge con-
nection with the oil regions for the New York, Lake Erie and Western RR. Co., which en-
tered into an arrangement practically guaranteeing the interest. On June 1, 1882, the company
leased the properties of the Bradford, Bordell and Smethport and the Rew City and Eldred
RR. Cos., making apro rata distribution of bonds, as follows: To the B., B. & K., $250,000;
to the B., B. & S., $100,000, and to the R. C. & E., $150,000— total, $500,000. In December,
1884, default was made in payment of interest. Toward the close of 1885 the bondhold-
ers were assessed 5 per cent, on their holdings to pay past due and current indebtedness,
receiving certificates of indebtedness to the amount, of the assessment.
Rolling' Stock, December 31, 1886. — Locomotive engines, 5. Cars — passenger, 5 ; bag-
gage, mail and express, 1 ; freight (box, 10 ; platform, 62), 72 ; caboose, 1 — total, 79. Also,
56 pairs hoist trucks.
Operations for year ending December 31, 1886. — Train mileage — passenger, 72,290;
freight, 42,568— total, 114,858 miles. Passengers carried, 68,195. Tons of freight moved,
41,961. Earnings— passenger, $34,779.48; freight, $33,350.50 ; other, $6.000.30— total, $74,-
130.28. Expenses— maintenance of way, $17,957.04 ; motive power, $19,697.06 ; mainten-
ance of cars, $3,661.97 ; transportation, $14,043.09 ; miscellaneous, $9,545.24 — total, $63,-
904.40. Net earnings, $10,225.88.
General Balance Sheet, December 81, 1886.
Cost of Koad $517,820 48
Cost of Rolling Stock 83,289 71
Rew City and Eldred RR. Co 113,087 40
Other Railroad Companies 70,073 94
N. Y., L. E. & W. RR. Co., General Acc't 53,304 62
Increase Capital Stock 250,000 00
Bills Receivable 54,223 56
Profit and Loss. . . 58,580 08
Total Assets $1,160,379 79
Capital Stock (par, $100) $500,000 00
First Mortgage Bonds 498,000 00
Certificates of Indebtedness 22,950 00
N. Y., L. E. & W. RR. Co., Special Acc't 69,500 89
Bond Interest due June and Dec., 1886.. . 32,370 00
Bond Interest uncalled for 3,855 00
Vouchers and Pay Rolls 21,116 43
Individuals and Companies 12,587 47
Total Liabilities $1,160,379 79
First mortgage bonds are for $500 each and coupon, dated June 1, 1882, due in 50 years,
interest 6 per cent., payable June and December at the company's office.
Certificates of indebtedness are payable only if earned over current expenses and charges.
The item of $53,304.62 due by the New York, Lake Erie and Western RR. Co., is due
to this company under the existing contract ; the credit item, $69,500.89, is for the total
amount charged up to them under the contract for deficiencies up to date, and is payable only
when earned over current expenses and interest.
This company paid its first dividend on September 1, 1880, and its last on June 1, 1882,
the total number being 23, paid monthly. The total amount paid in dividends was $97,500
or 40 per cent.
Annual meeting, second Monday in January. Books close for annual meeting, December
24th preceding ; for dividends, 10 days prior to payment of same. Stock and bonds ($500,000
of each) listed on New York Stock Exchange. The $250,000 of new stock created during
1882 was issued to stockholders in the shape of a dividend.
BIG- LEVEL, AND KINZUA RAILROAD.— Mt. Jewett to Ormsby,Pa., 10.7 miles. Sidings, 1.50
miles Gau^e 3 ft Rail (steel, 10.7 miles), 40 Ibs. Chartered August 27, 1881. Road completed in 18«6. Oper-
ated by the Bradford, Bordell and Kiiizaa RR. Co. under a joint traffic agreement between that company, the Big
350
POOR 8 MANUAL OF BAILEOADS.
Level and Kinzua RR. Co., and the Pittsburgh and Western RR. Co., whereby the BLr Level and Kinzua RR. Co.
agrees to maintain its road, the Bradford, Bordell and Kinzua RR. Co. agrees to operate it without r.harpe and
to pay over the gross earnings, and the Pittsburgh and Western RR. Co. agrees to forward all traffic controlled by
it, and to pro rate fares and freights. Financial Statement.— Capital stock (par £50 , §150,000 funded debt (1st
mortgage t> per cent. 30-year gold bonds, dated May 1, 1882, due May 1, 1912, interest payable May and November,
at Union Trust Co., New York, N. Y.), $100,000— total, $2.iO,000. Annual meeting, second Monday in January.
ELISHA P. KANE, President ; J. D. Brooder, Treasurer ; D. I. Hall, Secretary. CORPORATE OFFICE, Kane, Pa.
BRADFORD, BORDELL, AND SMETHPORT RAILROAD.— Simpson, Pa., to Smethport.
Pa., 10 23 miles. Sidings, 2.61 miles. Gauge, 3 ft. Rail, 30 Ibs. Leased to B., B. & K. RR. Co., at an annual
rental for first two years (1881 and 1882), of $12,000, and thereafter equalling ? of net earning! of B.. B. & K. RR.
and leased lines. Capital stock, $100,000. Cost of road, $£8,223.51 ; equipment, $11,776.49. The company owns
1 locomotive and 2 passenger cars, J. J. CARTER, President ; Geoige A. Eckbert, Treasurer, Bradford, Pa.
REW CITY AND ELDR.ED RAILROAD.— Rew City, Pa., to Eldred, Pa., 12.16 miles. Sidings,
0.38 miles. Gauge, 3Jft. Rail, 30 Ibs. Chartered March, 1882 ; road opened September 13, 18a£ Leased to B.,
B. & K. RR. at an annual rental of $1, and cost of maintenance. Capital stock (authorized, $150,000), 111,000.
Cost of road and equipment, $112,726.65. The company owns 1 locomotive engine and 2 passenger cars. J. J.
CARTER, President ; George A. Eckbert, Treasurer, Bradford, Pa.
Board of Directors B., B. & K. MR. Co., elected January 10, 1887.
Jno. J. Carter Titusville, Pa.
Thos. Loomi# Buffalo, N. Y.
Chas. Htitley Buffalo, N. Y.
Hy. T. Sweetser Titusville, Pa
Geo. L. Roberts Bradford, Pa.
J no. E. Ransom Buffalo, N. Y.
A. J. Wilcox Bradford. Pa.
Geo. A. Eckbert Bradford, Pa.
Rich'rt G. Taylor Bradford, Pa,
Jas. Rafferty East Java, N. Y.
H. G. Nalton Buffalo, N. Y.
JOHN J. CARTER, President Titusville, Pa.
R. G. Taylor, Vice-President Bradford, Pa.
Treasurer— G»orge A. Eckbert Bradford, Pa. | Secretary— -John E. Ransom Buffalo, IT. Y.
PRINCIPAL OFFICE AND ADDRESS Oil Exchange Building, Bradford, Pa.
CHARTIERS RAILWAY COMPACT.
Line of Road.— Mansfield, Pa., to Washington, Pa 22.76 miles.
Sidings, etc., 3.97 miles. Gauge, 4 ft. 9 in. Rail (steel, 17.42 miles), 56, 60 and 64 Ibs.
History. — Chartered as Chartiers Valley RR. February 7, 1853; opened in 1856 : reor-
ganized after foreclosure in January, 1867. Leased January 1, 1872, for 99 years, to Pitts-
burgh, Cincinnati and St. Louis Ry. Co., for net earnings. Rolling stock supplied by lessee.
Operations for year ending December 31, 1886. — Train mileage— passenger, 67,200;
freight, 65,192 ; other, 7,3'20 — total, 139,712 miles. Passengers carried, 293,551 ; carried one
mile, 3,072,675 ; average mile rate, 2.83 cents. Tons freight moved, 694,313; moved one
mile, 4,729,893; average ton-mile rate, 2.54 cents.
Earnings.— Passenger $87,037 11
Freight 119,973 00
Mail and Express 6,07365
Miscellaneous 3,959 85
Expenses.— Transportation $33,492 88
Motive Power 16,963 36
Maintenance Way and Buildings. 42,054 45
General 2,554 39
Total ($9,536.19 per mile) $817,043 61 Total ($4,176.85 per mile) $95,065 (
Net earnings (56.20 per cent.), $121,978.53; add other receipts, $885— total available
revenue, $122,863.53. Payments :. Interest on bonds, $35,000 ; hire of equipment, $10,719.86;
other payments, $61,020.27— total, $106,740.13. Balance,, surplus,. $16,123.40 ; surplus from
last year, $30,753.44— total surplus, $46,876.84.
General Balance Sheet, December 31, 1886.
Cost of Road, etc 41,121,762 17
Stocks and Bonds Owned. , 100,000 00
Other Property and Assets 4,650 00
Cash onHand 18,314 67
Capital Stock $647,85000
Funded Debt Outstanding 500,000 00
Bills Payable 50,000 00
Profit and Loss 46,876 84
TotalAssets. $1,244,726 84 Total Liabilities $1,244,726 84
Fnnded debt conHi&ts of 1st mortgage 7 per cent. 30-year coupon $1,000 bonds, due Octo-
ber 1, 1901, interest payable April and October at office of Pennsylvania RR. Co., Philadelphia,
Pa. Registrar of stock, Albert Hewson. Trustee of bonds, John C. Sims, Jr. Annual meet-
ing, first Monday in May. Voting power attaches to stock after 30 days' ownership. Capital
stock authorized, $800,000.
Directors (elected May 3, 1886).— George B. Roberts, Edmund Smith, Wm. L. Elkins.
Alex. Biddle, Wistar Morris, John N. Du Barry, Philadelphia, Pa. ; N. P. Shortridge,
Wynnevvood, Pa.
GEORGE B. ROBERTS, President Philadelphia, Pa.
Secretary— Albert He wson Philadelphia, Pa. | Treasurer— Taber Ashton Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS 233 South Fourth Street, Philadelphia, Pa.
POOB'S MANUAL OF RAILROADS. 351
CHATTTAUaiTA RAILWAY COMPANY.
Main Line of Projected Road. — W'fi'd.N.Y., via Maysv.and J'town, to Falc'r,N.Y.36 miles.
Branch : Maysville, N. Y., to Chautauqua Assembly Grounds 4 miles.
Total length of lines projected 40 miles.
Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs.
History. — Chartered July 29, 1885. Consolidated with the Westfield and Chautauqua
Lake and the Jamestown Short Line Cos. in 1886. Graded from Jamestown to Maysville, 22
miles ; under contract from Maysville to Westfield, 11 miles. Road will be completed by
July 1, 1887. Will connect at Falconer with the Dunkirk, Allegheny Valley and Pittsburgh
Ry.; at Jamestown with the New York, Pennsylvania and Ohio; at Maysville with the Buffalo,
New York and Philadelphia; and at Westfield with the " Lake Shore " and " Nickel Plate"
roads.
Financial Statement.— Capital stock (par, $100 ; paid in, $300,000), $800,000 ; funded
debt, 1st mortgage 5 per cent. 50-year bonds, due January 1, 1937, interest payable January
and July in New York City ; authorized issue, $720,000 ; none outstanding. Trustee : Mer-
cantile Trust Co., New York, N. Y.
Directors (elected at annual meeting, first Tuesday in August, 1886). — R. N. Marvin,
O. E. Jones, F. E. Gifford, John Cadwell, S. B. Broadhead, Erie L. Hall, Willis Tew, James-
town, N. Y. ; Francis B. Brewer, E. A. Skinner, Reuben G. Wright, Westfield, N. Y. ; Wm.
M. Barnum, New York, N. Y. ; E. B. Phillips, Boston, Mass. ; J. C. Williams, Cleveland, O.
R. N. MARVIN, President Jamestown, N. Y.
J. C. Williams, Vice-President and Chief Engineer. Jamestown, N. Y.
Treasurer— Eugene F. Fay Boston, Mass. | Secretary— D. H. Post Jamestown, N. Y.
financial Agents — Chrystie and Janner New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Jamestown, N. Y.
ERIE AND PITTSBURGH RAILROAD COMPANY.
Main Line of Road.— New Castle to Girard, Pa 81.00
Erie Dock Branch : Dock Junction to Erie Dock 3.47—84.47 miles.
Sidings and other tracks, 35.53 miles. Gauge, 4 ft. 9 in. Rail (steel, 84.47 miles), 60 Ibs.
History. — Chartered April 1, 1858 ; road opened in 1865. Leased to Pennsylvania Rail-
road Company for 999 years from March 1, 1870 ; operated by Pennsylvania Company. Rental,
7 per cent, on stock and bonds. Between Girard and Erie, trains are run over the. Lake
Shore and Michigan Southern RR., 16.7 miles, making the total length of the road operated
101.17 miles.
Rolling Stock.— December 31, 1886.— Locomotive engines, 29. Cars— passenger, 5 ; bag-
gage, mail, and express, 4 ; freight (box, 50 ; stock, 8; platform, 1,211), 1,269— total, 1,278.
Also, 50 service and 12 caboose cars.
Operations for year ending December 31, 1886.— Trains run (passenger, 153,704 ; freight,
455,020), 608,724 miles. Total engine service, 615,466 miles. Passengers carried, 212,693;
carried one mile, 3,072,161 ; average rate per mile, 3.16 cents. Tons freight moved, 1,082,247 ;
moved one mile, 58,821,767 ; average rate per ton-mile, 0.72 cent.
Earnings.-Passenger $97,086 01
Freight 421,92372
Mail 9,21826
Express 7,738 77
Miscellaneous 31,330 23
Total ($6,715.93 per mile) $567,294 99
Expenses.— Maintenance of Way $120,785 77
Maintenance 'of Cars 95,070 66
Motive Power 97,763 65
Transportation 69,625 79
Miscellaneous 7,761 86
Total ($4,628.95 per mile) .' $391,007 73
Net earnings, $176,287.26.
Lessor's Income Account for year 1886.— Receipts : Rental, $368,326 ; interest and divi-
dends, $910 ; other, $2,500— total, $371,736. Payments : Interest on bonds, $228,326 ; other
interest, $480; dividends (quarterly, M., J., S. and D., \\ per cent, each), $139,888; other
352
POOR'S MANUAL OF EAILROADS.
payments, $3,088.79. Balance, deficit, $46.79; deficit from last year, $25,397.80— total,
125,444.59.
Financial Statement (E. & P. RR. Co.), December 81, 1886.— Capital stock (par, $50),
$1,998,400; funded debt, $3,262,000; bills payable, $8,000; current accounts, $6,603.57;
other liabilities, $29,380.04— total, $5,304,383.61. Contra: Construction, $3,180,937.26;
equipment, $1,895,725.18— total ($60,100.18 per mile), $5,076,662.44 ; real estate, etc., $8,675;
stocks and bonds, $23,435.88 ; current accounts, $162,322.78 ; cash, $7,842.92 ; profit and loss,
$25,444.59.
The funded debt consists of the following issues :
1st mortgage 7 per cent. 20-year (coupon, $100) bonds, due July 1, 1882, interest January and July $300
2d mortgajre 7 percent. 25-year (coupon, $100, $500 and $1,000) bond«, due March 1, 1890, Int. April & Oct. ... 91,800
Consolidated mortgage 7 per cent. 30-year (coupon, $1 .000) bonds, due July 1, 1898, interest Jan. and July . .. .2,485.000
Equipment mortgage 7 per cent. 30-year (coupon, $1,000) bonds, due Oct. 1, 1900, interest April & Oct 685,000
The consolidated bonds are authorized to the extent of $4,500,000, but by the terms of
the lease the issue is limited to the amount necessary to take up the remainder of the first
and second mortgage bonds. Amount of equipment bonds authorized, $1.000,000. Annual
meeting, second Monday in January. Books close for annual meeting sixty days prior thereto;
for dividends ten days prior to payment of same. Voting power attaches to stock after 60 days'
ownership. Interest and dividends payable at office of Registrar and Transfer Agent, Union
Trust Co., New York. Dividends of l\ per cent, each, March, June, September and Decem-
ber have been paid regularly since September, 1870.
Directors (elected January 11, 1886). — William L. Scott, Erie, Pa. ; George B. Roberts,
Philadelphia, Pa. ; Sidney T. Fairchild, Cazenovia, N. Y. ; M. H. Taylor, Joseph McCarter,
Charles Tracy, William Brewster, Erie, Pa.
WILLIAM L. SCOTT, President Erie, Pa.
Vice- President — Joseph McCarter Erie, Pa. | Secretary and Treasurer— William Brewster. . .Erie, Pa.
PRINCIPAL OFFICE AND ADDRESS Room 9, Scott's Block, Erie, Pa.
Transfer Office Union Trust Co., No. 73 Broadway, New York City.
JUNCTION RAILROAD COMPANY.
Line of Road. — Belmont, Pa., to Gray's Ferry, Pa 3.56 miles.
2d track, 3.56 ; sidings, 5.30 miles. Gauge, 4 ft. 8£ in. Rail (steel, 4.47 miles), 60 and 67 Ibs.
History.— Chartered May 3, 1860. Road opened July 1, 1866.
Rolling Stock. — Furnished by operating companies.
Operations for year ending February 28, 1887. — Earnings — passenger, $113,848.57 ;
freight, $151,812.80; mail, $2,160; express, $13,257.60; miscellaneous, $5,502.54— total,
$286,581.51. Operating expenses, $121,432.22. Net earnings (57.62 per cent.), $165,149.29.
Payments: Interest on bonds, $37,125; dividends, $50,000— total, $37,125. Surplus, $78,-
024 29 ; surplus from last year (after payment of dividend, $25,000), $166,465.31. Balance,
surplus, $244,489 60.
Financial Statement, February 28, 1887.— Capital stock (par, $50), $250,000 ; funded
debt, 1st mortgage 4| per cent, bonds, due July 1, 1907, interest January and July, $425,000 ;
2d mortgage 6 per cent. 35-year bonds, due April 1, 1900, interest April and October, $300,-
000; current accounts, $11,448.31 ; profit and loss, $244,489.60— total, $1,230,937.91. Cost
of construction, $1,018,719.95; real estate, $43,280.55; current accounts, $26,409.21; cash
and loans, $142,528.20.
Statement of dividends paid since organization :
No.
Date.
p.c.
No.
Date.
p.c.
No.
Date.
p.c
No.
Date.
p.c.
No.
Date.
p.c.
1
Oct. 31, 1876
40
5
Oct. 28, 1878
10
9
Apl. 9, 1883
10
13
Apl. 6, 1885
10
17
Apl. 4,1887
25
2
Apl. 2, isr;
6
6
Apl. 30, 1879
10
10
Oct. 1, 1888
10
14
Oct. 1, ISS-i
10
a
Oct. 29, isrr
20
7
Apl.20, 1882
6
11
Apl. 8, 18S4
30
15
Api. 5, i&so
10
4
Apl. 30, 1878
4
8
Oct. 16, 18S2
10
12
Oct. 8, 1884
10
16
Oct. 20, 1886
20
POORS MANUAL OP RAILROADS. 353
Annual meeting held first Monday in April.
Dividends (April and October) and interest payable at the office of the company. Regis-
trar of stock, J. C. Sims, Jr.
Directors (elected April, 1887).— Isaac Hinckley, George B. Roberts, Austin Corbin,
Edmund Smith, S. M. Felton, Philadelphia, Pa.
ISAAC HINCKLEY, President Philadelphia, Pa.
Secretary- John C. Sims, Jr Philadelphia, Pa. | Superintendent— W . F. Lockard Philadelphia, Pa
Treasurer— Robert Craven Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS No. 233 South Fourth St., Philadelphia, Pa.
LAWRENCE RAILROAD COMPANY.
Main Line of Road. — Lawrence Junction, Pa., to Youngstown, O 17.98
Branch : Caufield J unction to Foster Coal Bank 4.06 — 22.04 miles.
Sidings, etc., 5.89 miles. Gauge, 4 feet 9 inches. Rail (steel, 17.98 miles), 60 Ibs.
History. — Chartered in 1864 ; road opened in 1867. Leased May 22, 1869, to Pittsburgh,
Ft. Wayne and Chicago Rj. Co. Operated by Pennsylvania Company, which furnishes
equipment. Rental, 40 per cent, of gross earnings.
Operations for year ending December 31, 1886. — Train mileage— passenger, 44,426;
freight, 151,362 ; other, 7,260— total, 203,048 miles. Passengers carried, 64,436 ; carried one
mile, 886,576 ; average mile rate, 2.13 cents. Tons freight moved, 1,489,869 ; moved one
mile, 21,895,057 ; average ton-mile rate, 0.86 cents.
Earnings.— Passenger $18,901 58
Freight 189,069 21
Mail 786 60
Express 1,21070
Miscellaneous 1,022 71
Total ($9,573.09 per mile) $210,990 80
Expenses.— Transportation $55,544 16
Motive Power 31,037 30
Maintenance of Cars 3,08939
Maintenance Way & Buildings.. 86,245 47
General 7,0675.9
Total ($6,033.75 per mile) $132,983 91
Net earnings (36.97 per cent.), $78,006.89.
LESSOR'S ACCOUNT.— Receipts : Rental, $84,396.31 ; other, $1,944.51— total, $86,340.82.
Payments : Interest, $24,850 ; sinking fund, $4,805.09 ; dividends (January, April, July, and
October, 2£ per cent, each, making in all 65 dividends paid to date), $59,985.00 — total,
$89,640.09. Balance, deficiency, $3,299.27. Surplus from last year, $52,203.39— net sur-
plus, $48,904.12.
General Balance Sheet, December 31, 1886.
Construction ($37, 667. 15 per mile) $830,183 95
Bonds in Sinking Fund 48,722 51
Accounts 25,838 66
Total Assets $904,745 12
Capital Stock ($22,686.03) $500,000 00
Funded Debt ($16,107.08 per mile) 355,000 00
Sundry Accounts 841 00
Profit and Loss 48,904 19
Total Liabilities $904,745 12
The funded debt consists of 1st mortgage 7 per cent. 30-year bonds, due August 1, 1895,
interest payable February and August by Winslow, Lauier & Co., New York City. The
trustees of sinking fund hold $45,000 of these bonds. Stock par, $50.
Voting power attaches to stock after 10 days' ownership. Books close 10 days prior to
dividend payments. Trustee of bonds : T. D. Messier, Pittsburgh, Pa. Registrar of stock,
Frank Semple, Pittsburgh, Pa. Dividends payable at office of company, Pittsburgh, Pa.
Directors (elected [annual meeting, fourth Friday] February 25, 1887). — Geo. B.
Roberts, Jno. H. Hutchinson, Philadelphia, Pa.; Win. Thaw, Wm. Mullins, Jno. E. David-
son, Pittsburgh, Pa.; C. B. Wick, Youngstown, 0.; H. L. Morrison, A'shtabula, O.
JNO. H. HUTCHINSON, President Philadelphia, Pa.
Frank Semple, Secretary and Treasurer Pittsburgh, Pa.
Officers in charge of operations See PENNSYLVANIA Co.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
23
354 POOB'S MANUAL or EAILEOADS.
NEW YORK AND GREENWOOD LAKE RAILROAD COMPANY.
Main Line of Road. — Jersey City, N. J., to New York State Line ........... 43.51 miles.
R i j Orange : North Newark to Orange ................................ 4.16 miles.
' ( Ringwood : Riugwood Junction to Riugwood ...................... 2.00 miles.
Total length of line owned ............................................... 49.67 miles.
Sidings, etc., 5 miles. Gauge, 4 ft. 8| in.
History. — Originally the Montclair RR. ; opened in 1874. Sold and reorganized as Mont-
clair and Greenwood Lake RR. Co.; again sold and reorganized under present name October
20, 1878. The New York, Lake Erie and Western RR. Co. owns a majority of interest in
the stock. Connection with Jersey City was formerly made over the Hudson Connecting
RR. ; but since the reorganization a separate (West End) connection has been completed. In
1881 the company acquired control of the Watchung Ry., which is now operated as its Or-
ange Branch.
Earnings, etc., for year ending December 31, 1886 (43.51 miles). — Gross earnings — from
passengers, $121,588.44; freight, $96,760.15; other, $9,820.26— total, $228,168.85. Oper-
ating expenses— maintenance of way, $80,535.19 ; of cars, $10,698.32 ; transportation, $01,-
837.05 ; motive power, $62,171.74 ; general, $4,687.77— total, $219,930.07. Net earnings,
$8,238.78. Deduct — loss iu operating Watchung RR., $4,837.27; interest on floating debt,
$13,057.76— total, $17,895.03. Balance, deficit, $9,656.25 ; deficit, December 31, 1885, $184,-
011.67 ; total deficit, $193,667.92.
Financial Statement, December 31, 1886.— Capital stock, $100,000; funded debt, $2,-
700,000; bonds and mortgages, $25,865 ; unpaid State taxes, $44,899.95; N. Y.,L. E. &W.,
advances, $150,873.20; Cooper* Hewitt, advances, $21,184.51 ; pay-rolls and vouchers, $52,-
701.30; sundry other accounts, $1,607.34— total liabilities, $3,097,131.30. Contra: Cost of
road and equipment, $2,858,522.50; cash, $22,258.64; freight agents, $15,367.41; sundry
other accounts, $7,314 83 ; profit and loss, $193,667.92.
The funded debt consists of $900,000 1st mortgage 6 percent. 30-year bonds, due Novem-
ber 30, 1908, and $1,800,000 2d mortgage 6 per cent. 30-year bonds, due November 30, 1908.
WATCHTJNG- RAILROAD.— The operations of this line during 1886 resulted as follows : Earnings —
passenger, $6,185.59 ; freight, $4,884.27 ; express, $2,049.81— total, $13,119.67. Operating expenses, $17,737.46.
Net loss, $4,617.79. Add interest paid and construction, $219.48— total deficit, advanced by the New York and Green-
wood Lake Ry. Co., $4,837.27. The separate organization of this company is still maintained. Capital stock,
$100,000. The road is now in hands of a receiver, Abram S. Hewitt, and is operated under agreement by the
New York and Greenwood Lake Ry. Co.
Board of Directors N. Y. & G. L. RR. Co. elected May 2, 1887.
Abram 8. Hewitt.. New York, N. Y.
John King ......... New York, N. Y.
Cortlandt Parker. . .New York, N. Y.
Edward Cooper New York, N. Y
Smith Ely, Jr New York, N. Y.
S. M. Felton, Jr. . .New York, N. Y.
T. M. Etting New York, N. Y.
A. R. Macdonough.New York, N. Y.
R F. Stockton Trenton, N. J.
ABRAM S. HEWITT, President * New York, N. Y.
E. S. Bowen, Vice- President New York, N. Y.
Secretary— A. R. Macdonough New York City. | Superintendent— Stephen Smith Jersey City, N. J.
Treasurer— Tappan Bowen Jersey City, N. J.
PRINCIPAL OFFICE AND ADDRESS Pavonia Avenue, Jersey City, N. J.
Transfer Office 21 Cortlandt Street, New York City.
SHADE GAP RAILROAD COMPANY.
Line of Road.— Rockhill, Pa., to Shade Gap. Pa 5.50 miles.
Sidings, 0.48 mile. Gauge, 4 ft. 8£ in. Rail (steel. 5 miles), 5G Ibs.
History. — Road built and opened in 1885 and leased to East Broad Top RR.
Income Account, year ending December 31, 1886. — Receipts— rentals, $7,995.50; other
receipts, $184.25 — total income, $8.17X75. Expenses and taxes, $500; interest on bonds,
$2,490 ; dividend (H per cent.), $1,257.75— total, $4,247.75. Balance, surplus, $3,932.
Financial Statement, November 30, 1886.— Capital stock, $83,850 ; funded debt (1st
mortgage 6 per cent, bonds, interest payable April and October), $83,000 ; income balance,
$3,403.56— total, $170,253.56. Contra : Cost of road and equipment, $166,550.33 ; stocks and
POOR'S MANUAL OF BAILBOADS. 355
other investments, $1,009.17 ; cash, $2,694.06— total, $170,258.56. Dividends payable Janu-
ary and July at 400 Chestnut Street, Philadelphia, Pa.
E. R. WOOD, President and Treasurer Philadelphia, Pa.
Frank Samuel, Secretary Philadelphia, Pa.
PEINCIPAL OFFICE AND ADDRESS 400 Chestnut Street, Philadelphia, Pa.
GBOTTP III.- Railroads of the Central Northern States : Ohio, Michigan, Indiana, Illinois, Wisconsin.
ALLEGAN AND LAKE SHORE RAILROAD COMPANY.
Line of Road. — Allegan, Mich., to Cheshire 5 miles.
Gauge, 3 ft. Rail, iron, 25 Ibs.
History.— Chartered June 9, 1883 ; road opened April 15, 1885. . This road when com-
pleted will extend from Allegan to shore of Lake Michigan, 22 miles.
Rolling1 Stock. — Locomotive engines, 1. Cars, logging, 14.
Operations for year ending December 81, 1886.— Not reported. Earnings (freight)—
$3,000. Expenses— maintenance of way, $600; rolling stock, $600 ; transportation, $1,200;
miscellaneous, $600 — total, $3,000.
Financial Statement, December 81, 1886.— Capital stock (authorized, $100,000), $16,300,
representing cost of road and equipment.
Annual meeting, first Monday in January.
Directors (elected February 8, 1887).— William S. Dewing, Charles A. Dewing, James H.
Dewing, J. H. Mills, E. F. Pond, Kalamazoo, Mich.
WILLIAM S. DEWING, President Kalamazoo, Mich.
Vice-President and Secretary Chas. A. Dewing. | General Manager .... . . J. H Dewin^
Treasurer J. H. Mill?.
PRINCIPAL OFFICE AND ADDRESS Kalamazoo, Mich.
ALLIANCE, NILES AND ASHTABULA RAILROAD COMPANY.
Line of Road. — Alliance Junction, 0., to Niles, O 24.90 miles.
Sidings, 4.47 miles. Gauge, 4 ft. 9 in. Rail, 60 Ibs. per yard.
History.— Chartered March 12, 1881 ; road opened August 7, 1882. Operated by Penn-
sylvania Co., which supplies rolling stock. The tracks of the Pittsburgh, Fort Wayne and
Chicago Ry. are used from Alliance Junction into Alliance, 2.70 miles, making the total
length of road operated 27.60 miles.
Operations for year ending December 31, 1886. — Train mileage — passenger, 27,243 ;
freight, 19,515 ; other, 25— total, 46,783 miles. Passengers carried, 35,993 ; carried one mile,
769,435 ; average mile rate, 2.28 cents. Tons freight moved, 170,958 ; moved one mile,
4,399,284 ; average ton-mile rate, 0.82 cent.
E»rnings.— Passenger $17,526 86
Freight 36,058 90
Mail ,.... 1,194 00
Express 449 90
Miscellaneous... 1,34097
Total ($2,049.66 per mile) $56,570
Expenses.— Transportation $7,722 45
Motive Power g,007 56
Maintenance of Cars 201 31
Maintenance Way and Buildings. 8,472 15
General 2,201 21
Total ($963.94 per mile) $26,604 08
Net earnings (52.97 per cent.), $29,965.95. Payments : Interest on bonds, $18,750; hire
of equipment, $5,666.79 — total, $24,416.79. Balance, surplus, $5,549.16. Deficit from last
year, $9,115.75— deficit as per balance sheet, $3,566.59.
General Balance Sheet, December 31, 1886.
Cost of Road ,$742,186 4H
Current Accounts 13,643 50
Profit and Loss 3,566 59
Total Assets $759,396 58
Capital Stock (par, $100) $375,000 00
Funded Debt Outstanding 375,000 00
Interest Due January 1, 1887 9,87500
Other Liabilities 21 58
Total Liabilities $769,396 58
356 POOR'S MANUAL OF RAILROADS.
Funded debt consists of $375,000 ($500,000 authorized) first mortgage 5 per cent. 30-year
registered $1,000 bonds, due January 1, 1912, interest payable January and July at office of
Pennsylvania RR. Co., Philadelphia, Pa.
Annual meeting, second Thursday in March. Transfer books close 10 days prior to
meeting, and stock must be owned then to entitle holder to vote. Trustee of bonds, Thomas
D. Messier ; registrar of stock, S. B. Liggett, Secretary.
Directors (elected March 11, 1880).— Thomas D. Messier, J. N. McCullough, William
Thaw, William Mullins, Pittsburgh, Pa.; R. F. Smith, Cleveland, 0.; J. S. Cleland, Esq.,
Alliance, 0. ; I. C. Gates, Niles, 0.
THOMAL D. MESSLEK, President Pittsburgh, Pa.
Secretary— S. B. Liggett Pittsburgh, Pa. | Treasurer— John E.^Davidson Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDBESS Pittsburgh, Pa.
ANTWERP AND PAULDING RAILROAD COMPANY.
Line of Road. — Antwerp, O., to Paulding, O 6 miles.
Gauge, 4 ft. 8i in. Rail (steel, 4.5 miles), 35 Ibs.
History. — Chartered April 19, 1873. Road opened September 1, 1879. This road is a
private enterprise, and chiefly for freight transportation.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 3; baggage, etc., 2; freight,
(box, 12 ; platform, 36 ; coal, 4), 52 — total, 57. Also, 6 service cars.
Operations. — Not reported. See MANUAL for 1884, pp. 521 and 522.
Financial Statement. — Capital stock, $60,000 ; bills payable, $2,700 ; accounts and lia-
bilities, $1,700— total, $64.400. Contra: Construction, $55,000; equipment, $15,000; real
estate, $3,500 ; materials, $2,000 ; bills receivable, $1,750 ; cash, $7,000.
All later information refused.
THOMAS G. FITZSIMMONS, President Antwerp, 0.
Secretary— John Paulson Antwerp, O. | Treasurer— Joseph K. Fitzsimmons Antwerp, O.
PRINCIPAL OFFICE AND ADDRESS Antwerp, O.
ASHTABTTLA AND PITTSBURGH RAILWAY COMPANY.
Line of Road. — Ashtabula Harbor, O., to Youngstown 0 62.6 miles.
Sidings, 15.57 miles. Gauge, 4 ft. 9 in. Rail (steel, 45.92 miles), 56 and 60 Ibs.
History. — The Ashtabula and New Lisbon RR. Co., was chartered February 20, 1853, to
build from Ashtabula to New Lisbon. The road was partially constructed, but was never
finished, and on July 14, 1864, the portion lying between Niles and New Lisbon was leased
for 99 years to the New Lisbon Ry. Co., which subsequently becoming embarrassed, its prop-
erty was sold under foreclosure, and a new company organized under the name of Niles and
New Lisbon RR. Co. The Ashtabula, Youngstown and Pittsburgh RR. Co. was chartered
February 11, 1870, to build a line from Youngstown to Ashtabula Harbor. The company
acquired and completed the part of the Ashtabula and New Lisbon between Niles and Ash-
tabula, paying a balance of about $12,000 of an old mortgage thereon. The portion of the
line between Youngstown and Girard, 5.50 miles, was purchased from "the Liberty and Vi-
ena RR. Co., August 1, 1871, for $200,000. The gap between Girard and Niles was con-
structed and the through line completed May 1, 1873. Sold under foreclosure August 21,
1878, reorganized under present title September 25, 1878.
Rolling Stock.— (Leased) 100 box and 200 platform freight cars. Other equipment
furnished by the Pennsylvania Co.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $86.31276
Freight 330.731; 23
Mail 0.6*3 62
Express l.lii; •„>.-,
Miscellaneous 25,039 21
Expense*.— Transportation $82,020 53
Motive Power 61.41)012
Maintenance of Cars 27,6-45 19
Maintenance Way & Buildings.. 49,730 23
General 16,195 88
Total ($6,336.89 per mile) $396,639 10 Total ($3,787.25 per mile) $237,081 95
POOR'S MANUAL — ASHTABULA AND PITTSBURGH RY. CO.
357
Net earnings (40.23 per cent ), $159,607.15. Add interest and dividends received, $1,-
326.88— total available revenue, $160,934.03. Payments: Interest on bonds, $90,000; bal-
ance to ore pool, $333.82 ; hire of equipment, $25,854.76 ; betterments, $82,061.54 ; engin-
eering, $50— total, $148,800.12. Balance, surplus, $12,633.91 ; surplus from last year, $28,-
238.22 — total surplus as per balance sheet, $40,872.13.
Genera Balance Sheet, December 31, 1886
CootofRoad.. $3,158,59158 Common Stock Paid in 'par $50) ... . $958,591 58
Current Accounts 40,834 53 Preferred Stock Paid in (par, $50).... 700,000 00
Cash on Hand 3760 Funded Deht Outstanding 1,500,000 TO
Profit and Loss 40,872 13
Total Liabilities $3,109,463 71
Total Asset? $3,199,463 71
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles
Freight Train Miles
52,568
178,246
56,511
822,385
439,682
21,422,897
$
252,604
183,525
58,195
162,867
76,905
1,082,792
463,900
20,370,516
s
282,643
191,168
57.110
107,067
79,542
1,121,268
545,588
23,841,582
$
317,012
193,124
56,876
135,867
87,399
1,198,080
720,887
28,287,305
8
343,186
.231,888
76.050
295,061
106,928
1,512,962
995,683
39.415,261
' 8
447,087
283,255
97,128
280,274
105,145
1,573,178
946,227
40,164,276
8
887,188
293,495
98,112
258,381
92,707
1,326,156
910,144
39,791,768
$
338,950
243,170
95,043
314,409
105,590
1,472,347
1,069,663
48,047,157
$
396.689
295,382
Passengers Carried
Passenger Miles
Freight, (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses, etc . . .
Net Earnings
68,979
90,000
91,475
90,000
123,888
90,000
112,298
90,151
163,832
90,429
93,693
90,000
95,780
*89,924
101,307
tS8,673
Interest
Balance, Surplus
def. 21,021
4,035 21
2,933 31
1,101 90
72.69 p. c.
2.77 c.
1.04 c.
$
1,658,491
1,500,000
14,924
11,252
1,475
4,515 07
3,053 81
1,461 26
67.64 p. c.
2.69 c.
1.22 c.
8
1,658,491
1,500,000
15,324
5,OSO
33,888
5,06411
3,085 04
1,97907
60.99 p. c.
2.71 c.
1.16 c.
8
1,658,491
1,500,000
31,874
29,334
21,147
5,48220
3,704 26
1,77794
67.57 p. c.
2.75 c. '
1.01 c.
$
1,658,591
1,500,000
41,144
30,797
73,403
7,141 94
4,06902
3,072 92
57.01 p. c.
2.62 c.
0.96 c.
$
1,658,591
1,500,000
93,899
104,201
3,693
6,185 11
4,230 29
1,95482
68.39 p. C.
2.38 c.
0.81 C.
8
1,658.592
1,500,000
5,856
5,414 53
3,498 54
1,915 99
64.61 p. C.
2.59 c.
0.73 c.
S
1,658.592
1,500,000
12,634
6.336 89
3,787 25
2,549 64
59.77 p. c.
2.47 c.
0.69 c.
$
1,658,592
1,500,000
Gross Earnings per Mile...
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass, p. Mile..
Aver. Rate p. Ton p. Mile..
Capital Stock
Funded Debt
Other Liabilities
Profit and Loss
22,394
28,238
40,872
Total Liabilities
3,184,667
3,149,264
35,403
3,178,895
3,149,264
29,631
3,229,699
3,174,264
55,435
3,230,532
3,179,414
51,118
3,356,691
3,235,429
121,262
3,180,986
3,158,592
22,394
3.186,a30
3,158,592
28,238
3,199.464
3,158,592
40,872
Railroad
All other Assets
Profit and Loss
Total Assets
3,184,667
3,178,895
3,229,699
3,230,532
3,356,691
3,180,986
3,186,830
3,199,464
* Interest on bonds, $90,000 ; less interest received, $76. t Interest on bonds, $90,000 ; less interest received,
$1,327.
Funded debt consists of 6 per cent. 30-year coupon ($661,000) and registered ($839,000)
$1,000 bonds, dated November 28, 1878, due August 1, 1908, interest payable February and
August, secured by first mortgage on entire property.
Annual meeting, first Tuesday in April. Transfer books close 10 days prior to meeting,
and stock must be owned then to entitle bolder to vote. Preferred stock has priority over
common for dividends up to six per cent. Kegistrar of stock, Frank Semple, Pittsburgh, Pa.
Interest payable at office of trustee of bonds, Fidelity Insurance, Trust and Safe Deposit
Company of Philadelphia, Pa. Stock and bonds listed on Philadelphia Stock Exchange.
Directors (elected April 5, 1887). — Henry Hubbard, H. L. Morrison, Ashtabula, 0.; C. B.
Wick, W. Scott Bonnell, Youngstbwn, 0.; Warren Packard. Warren, O.; F. Harrington,
Rock Creek, O.; W. P. Shinn, Thos. D. Messier, Pittsburgh, Pa.; G. B. Roberts, Philadel-
phia, Pa.; W. Mullins, Wm. Thaw, Pittsburgh, Pa.; Jno. N. Hutchinson, Philadelphia, Pa.;
George Tod, Youngstown, O.
JOHN N. HUTCHINSON, President Philadelphia, Pa.
Secretary and Treas.— Frank Semple. .. .Pittsburgh, Pa. | Asst. Sec. & Asst, Treas.—A.. F. Hnbbard. Ashtabula, O.
CORPORATE OFFICE AND ADDRESS Ashtabula, O.
Financial Agency : Fidelity Insurance, Trust and Safe Deposit Co., Philadelphia, Pa.
Lessee's General Offices. . Penn Avenue and Tenth Street, Pittsburgh, Pa.
358 POOE'S MANUAL or RAILROADS.
BAY VIEW, LITTLE TRAVERSE AND MACKINAW RAILROAD CO.
Line of Road. — Kegomic, Mich., to Harbor Springs, Mich 5.70 miles.
Sidings, etc., 0.33 mile. Gauge, 4 ft. 9 in. Kail, 50 Ibs.
History. — Organized about April 30, 1879 ; road opened in February, 1882. Operated
by the Grand Rapids and Indiana RR. Co., which owns all of the bonds and a majority of
the capital stock of the company. The operating company furnishes rolling stock.
Operations for the year ending December 31, 1886. — Train mileage — passenger, 16,225 ;
freight, 3,720 ; other, 48 — total, 19,993 miles. Passengers carried, 35,555 ; carried one mile,
189,440. Tons freight moved, 4,820 ; moved one mile, 23,842. Earnings — passenger, $3,334.-
25; freight, $1,611.41; mail and express, $639.50; miscellaneous, $75.75— total, $5,660.91.
Expenditures — maintenance of way, $3,209.14; of cars, $213.33 ; motive power, $2,114.82 ;
transportation, $2,591.26 ; general, $319.52— total, $8,488.07. Deficit, $2,787.16. Interest on
bonds charged, $1,500— total deficit for year, $4,287.16 ; deficit from last year, $17,757.90
—total deficit to date, $22,045.06.
Financial Statement, December 31, 1886.— Capital stock (authorized, $50,000 ; par, $50),
$46,700 ; funded debt, 1st mortgage 6 per cent. 20-year $1,000 coupon bonds, due July 1,
1901, interest payable January and July, $25,000 ; due Grand Rapids and Indiana RR. Co.,
$16,045.06; unpaid coupons, $6,000— total, $93,745.06. Contra : Cost of road, $71,700;
profit and loss, $22,045.06.
Annual meeting, first Wednesday in May. J. H. P. Hughart, registrar of stock ; W. R.
Shelby, trustee of bonds, Grand Rapids, Mich.
Directors (elected May 5, 1887).— W. O. Hughart, W. R. Shelby, J. M. Metheany, J. H.
P. Hughart, W. S. Howard, F. A. Gorham, Grand Rapids, Mich.; I. Canby, J. M. Burbeck,
L. A. Clark, A. J. Southard, Harbor Springs, Mich.
W. O. HUGHART, President Grand Rapids, Mich.
Treasurer— W. R. Shelby Grand Rapids, Mich. | Secretary— S. H. P. Hughart Grand Rapids, Mich.
PRINCIPAL OFFICE AND ADDRESS Grand Rapids, Mich.
BEAR LAKE AND EASTERN RAILROAD COMPANY.
Main Line of Road. — Pierport, Mich., to Springdale, Mich 13
Pleasanton Branch : Maple Grove to Pleasanton, Mich 4 — 17 miles.
Sidings, 1 mile. Gauge, 3 feet. Rail (steel, 12 miles), 20 and 30 Ibs.
History. — Chartered January 24, 1882. Succeeded to rights of the Bear Lake Tram Ry.
Co. Road opened 5.37 miles, April 10, 1882 ; 3.63 miles August 1, 1884 ; 3 miles in 1885, and
last 5 miles completed December 24, 1886. Extensions of 11 miles during current year are
projected.
Rolling Stock, December 31, 1886. — Locomotive engines, 2. Cars — passenger, 2 ; plat-
form, 40 ; logging, 14 — total, 56.
Operations for year ending December 31, 1886. — Train mileage (mixed), 8, 800 miles. Pas-
senger and freight statistics not reported. Earnings — passenger, $1,689.46 ; freight, $13,-
194.51— total ($875.52 per mile), $14,883.97. Operating expenses ($508.71 per mile), $8,648.-
18. Net earnings (41.89 per cent.), $6,235.79. Payments : Interest, $1,341.80 ; dividend
(2.34 per cent.), $18,500— total, $19,841.80. Deficit of net earnings, $13,606.01 ; miscellane-
ous income, $13,937.13. Surplus as per balance sheet, $331.12.
Financial Statement, December 31, 1886.— Capital stock, $79,000 ; funded debt, $16,-
000 ; bills payable, $12,488.14 ; current accounts, $1,984.28 ; profit and loss, $331.12— total,
$109,803.54. Contra: Cost of road, $86,896.33 ; rolling stock, $22,907.21— total, $109,-
803.54.
The funded debt consists of three issues of eight per cent. $500 bonds, due respectively
as follows : $5,000 June 1, 1887 ; $5,000 June 1, 1888, and $6,000 September 1, 1890. The
first two issues are secured on line from Bear Lake to Pleasanton, 9 miles ; the last on same
line and 2 miles additional. Interest is payable at Grand Rapids, Mich., on bonds of 1887
POOR'S MANUAL OF EAILROADS. 359
and 1888, June 1 and December 1 ; on bonds of 1890, March 7 and September 1. Trustee:
Harvey J. Hollister, of Grand Rapids, Mich. Bonds carry voting power. Dividends are paid
January 31 each year, in Bear Lake, Mich.: four payments have been made to date. An-
nual meeting, first Monday in February.
Directors (elected February 1, 1886).— Geo. W. Hopkins, D. H. Hopkins, E. Hopkins,
M. J. Hopkins, M. E. Collins. Bear Lake, Mich.
GEO. W. HOPKINS, President, Gen. Manager and Auditor. Bear Lake, Mich.
Treasurer- E. Hopkins Bear Lake, Mich. | Secretary— D. H. Hopkins Bear Lake, Mich.
General Superintendent— M. J. Hopkins Bear Lake, Mich.
PBIKCIPAL OFFICE AND ADDKESS Bear Lake, Mich.
BELLAIRE AND ST. CLAIRSVILLE RAILWAY COMPANY.
Line of Road. — St. Clairsville, O., to St. Clairsville Junction 6.5 miles.
Sidings, 1.20 miles. Gauge, 4 ft. 8| in. Rail (steel), 45 Ibs.
History. — Chartered as Bellaire and St. Clairsville ; road opened in April, 1877; placed
in hands of receiver November 1, 1879 ; sold under foreclosure March 30, 1880 ; reorganized
as St. Clairsville RR.; again in receiver's hands early in 1885 ; sold under foreclosure Decem-
ber 16 of that year, and reorganized under the original title of Bellaire and St. Clairsville Ry.
Co. The new company widened the gauge from 3 ft. to 4 ft. 8| in., relaid the entire line,
substituting the present 45 Ib. for the old 30 Ib. rail, rebuilt stations, added \ mile new side
track and developed coal fields along the line. From St. Clairsville Junction the company
uses the tracks of the B. & O. to Wheeling, W. Va., 8 miles, running three trips daily over
them.
JOHN T. THOLL, President - St. Clairsville, O.
Manager- C. W. Troll St. Clairsville, O. | Treasurer- J. R. Mitchell St. Clairsville, O.
Secretary— A. H. Raiguel Troll St. Clairsville, O.
PRINCIPAL OFFICE AND ADDRESS St. Clairsville, O.
BELLAIRE, ZANESVILLE AND CINCINNATI RAILWAY COMPANY.
Line of Road. — Bellaire, O., to Zanesville, 0 110.75 miles
Sidings, 1.50 miles. Gauge, 3 ft. Rail (steel, 70 miles), 35 and 40 Ibs.
History. — Organized as Bellaire and Southwestern Ry., March 27, 1875 ; road opened
to Woodsfield, 42 miles, November 27, 1879. Consolidated under present title with the
Zanesville and Southeastern Ry. Co., February 28, 1882. Zauesville Extension, 70 miles,
opened December, 1883. Road placed in the hands of a receiver early in July, 1886. In the
following month the receiver was authorized to issue $200,000 certificates to improve the
road and purchase equipment.
Rolling Stock.— Locomotive engines, 7. Cars— passenger, 5 ; baggage and express, 2 ;
freight, 121 — total, 128. Also, 3 service cars.
Operations for year ending June 30, 1886. — Train mileage, not reported. Passengers
carried, 90,637. Freight moved, 25,795 tons. Earnings— passenger, $39,021.80 ; freight,
$41,676.62; mail, $5,101.68; ezpress, $1,780.61; other, $742.37— total ($797.49 per mile),
$88,323.08. Expenses— transportation, $14,011.40 ; motive power, $16,090.35 ; maintenance
of cars, $3,302.25 ; way and buildings, $23,772.27 ; general, $14,708.85— total ($649.08 per
mile), $71,885.63. Net earnings (12.95 per cent.), $11,437.96.
Financial Statement, June 30, 1886 (110.75 miles).— Capital stQck paid in (par, $50),
$765;475 ; funded debt, 1st mortgage 6 per cent, bonds, dated October 3, 1882, due July,
1899, interest payable April and October, $1,040,000 ; income bonds, 6 per cent., dated Octo-
ber, 1884, due October, 1904, $130,000; interest scrip, payable July, 1886, $80,460 ; accrued
(unpaid) interest computed to June 30, 1886, $49,783.80; other liabilities, $94,992.07— total
liabilities, $2,160,710.87.
360
POOE'S MANUAL OP EAELROADS.
MTJSKINGTJM COUNTY RAII/WAY.— ZanesviNe, O., to a junction with the Bellaire, Zanesville
and Cincinnati Ry., 9 miles. Leased September 5, 1884, to the Bellaire, Zanesville and Cincinnati Ry. Co. Cost
of right of way and construction, $123,395.36. H. P. STUTTS, President; Frank H. Southard, Secretary ; R. D.
SchuFtz, Treasurer, Zanesville, O.
Directors, B., Z. & C. Ry. Co.— S. L. Mooney, W. T. Morris, T. H. Armstrong, Woodsfield,
O.; A. Webber, Lewisville, O.; A. H. Caldwell, Aladonia, 0.; W. M.Armstrong, T. A. Welsh,
Coptina, 0. ; M. Churchill, James Herdman, John Hogue, James Buckingham, Zanes>ville, O. ;
H. W. Stevens, Cumberland, O. ; John Simrnax, Freeland, O.
J. H. BURGOON, Receiver Zanesville, G.
S. L. MOONEY, President Woodsfield, O.
Vice-President— til. Churchill Zanesville, O. I Secretary— M. Hoeffler Wood*field, O.
Treasurer— W. C. Mooney Woodsfleld, O. f Auditor— T. M. Hobart Woodsfield, O.
PRINCIPAL OFFICE AND ADDRESS Zanesville, O.
Transfer Office Farmers' Loan aud Trust Co., New York, X. Y.
BELT RAILWAY COMPANY OF CHICAGO.
Main Line of Road. — Auburn Junction to C., M. & St. P. Junction 15.90
Branches : Pullman Junction to Irondale, 111., and others 5.41 — 21.31 miles.
2d track, 13.95 ; sidings, 22.41 miles. Gauge, 4 ft. 8£ in. Bail (steel), 60 Ibs. per yard.
History. — The Belt Ry. Co. of Chicago was chartered November 22, 1882, and leased the
above road, 2d track and 12.41 miles of side track from the Chicago and Western Indiana RR.
Co., it being the Belt Division of that company's road, completed May 1, 1883, and connect-
ing outside the city, all railroads entering Chicago. The Belt Co. owns 10 miles of side
track. The object of the company is to do a general transfer business over the Belt, thereby
avoiding the delays of passage through the city.
Hulling Stock, December 31, 1886. — Locomotive engines, 14. Cars — platform, 80 ;
caboose, 5 ; other, 56 — total cars, 141. The company owns five of the locomotives ; the rest
of the rolling stock is leased.
Operations for year ending December 31, 1886. — Total number of cars handled, 288,463.
Earnings from freight, $253,506.06 ; from other sources, $8,457.85— total ($12,293 per mile),
$261,963.91. Expenses : Transportation, $71,660.65 ; motive power, $91,764.42 ; maintenance
of cars, $15,268.61; maintenance of way and building?, $23,894.19; general, $21,433.35 — total
($10,512.49 per mile), $224,021.22. Net earnings (14.48 per cent.), $37,942.69. Received in-
terest on C. &W. I. RR. bonds, $4,440. Available revenue, $42,382.69. Paid rental, $100,-
005 ; taxes, $18,000— total, $118,005. Deficit, $75,622.31 ; deficit from last year, $277,034.70—
total deficit as per balance sheet, $352,657.01.
General Balance Sheet, December 31, 1886.
Cost of Tracks and Buildings Owned $78,271 61
Cost of Rolling Stock 28,894 50
Cash with Trustees, Special Account 8,048 70
C. & W. I. RR. Bonds 74,00000
Current Accounts 92,018 43
Cash on Hand 40,059 95
Profit and Loss 352,657 01
Total Assets $673,950 20
Capital Stock (pat, $200) $200,000 00
Current Accounts 223,950 20
Loans 250,000 00
Total Liabilities $673,950 20
Annual meeting first Tuesday in June. M. J. Clark, registrar of stock.
Directors (elected June 1, 1886). — Geo. H. Ball, Boston, Ma^s.; F. Broughton, Chicago,
111. ; W. J. Spicer, Detroit, Mich.; A. A. Talmage, St. Louis, Mo.; J. B. Carson, Chicago, 111.
JOHN B. CARSON, President Chicago, 111.
Secretary and Auditor— M. J. Clark Chicago, 111. | Treasurer— G. W. Stokes Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
Transfer Agency. Drexel, Morgan & Co., New York, N. Y.
POOR'S MANUAL OF RAILROADS. 361
BOWLING GREEN AND TOLEDO RAILROAD COMPANY.
Line of Road. — Bowling Green, O. , to Tontogany, 0 5.50 miles.
Sidings, 0.50 mile. Gauge, 4 ft. 8| in. Rail, 35 Ibs.
History.— Organized April 27, 1874, to build a road from Bowling Green to Toledo, 25
miles. Road opened to present terminus May 22, 1875, forming a connection with the Day-
ton and Michigan RR. Leased for 99 years, lessees dividing net earnings equally. Lease
surrendered to company in consideration of stock issued to lessees.
Rolling' Stock. — Locomotive engines, 2. Cars — passenger, 2 ; baggage, etc., 2 ; freight,
1 — total cars, 5.
Operations for year ending June 30, 1886.— Train mileage not reported.. Passengers
carried, 21,118; carried one mile, 116,149. Tons freight moved, 7,472; moved one mile,
41,096. Earnings (passenger, $5,274 ; freight, $3,742 ; mail, express, etc., $420), $9,436.
Operating expenses, $7,638. Net earnings, $1,798.
Financial Statement, June 30, 1886.— Original cost of road, $32,000. Capital stock,
$40,000.
Directors (elected at annual meeting in July, 1886). — Wm. A. Wiggins, M. L. Wiggins
Benj. L. Abbott, Martha L. Wiggins, H. A. Lease, Bowling Green, 0.; William Thompson,
Lindlay, O.
WM. A. WIGGINS, President, Treasurer and Gen. Man. . .Bowling Green, O.
H. A. Lease, Secretary and Auditor Bowling Green, O.
PRINCIPAL OFFICE AND ADDRESS Bowling Green, 0.
BUCKLEY AND DOUGLAS RAILROAD COMPANY.
Line of Road. — Manistee River, Mich., north 8 miles.
Sidings and spurs, 2.50 miles. Gauge, 3 ft. Rail, 30 Ibs. per yard.
History.— Chartered September 6, 1881. Road opened June 20, 1881.
Rolling Stock. — Locomotive engines, 2. Logging cars, 29.
Operations for year ending December 31, 1886.— Freight trains run, 23,300 miles. Tong
freight moved, 54,075 ; moved one mile, 378,525. Earnings from freight, $16,107.49. Ex-
penses, $17,596.07. Deficit, $1,488.58. Paid interest on mortgage notes, $4,000 ; on float-
ing debt, $4,827.23— total, $8,827.23. Deficit, $10,315.81 ; deficit from last year, $43,036.91—
total, $53,352.72.
Financial Statement, December 31, 1886. — Capital stock (authorized, $40,000) paid in,
$500; funded debt (six 10 per cent, notes, $6,666.67 each, dated September 10, 1881, payable
principal and interest in January and July, 1882, 1883 and 1884), $40,HOO ; current accounts,
$57,211.96— total, $97,711.96. Contra: Cost of road, $30,358.15; rolling stock, $13,601.09;
cash on hand, $500; profit and loss, $53,352.72.
Directors. — Edward Buckley, William Douglas, Charles G. Wilson, William J. Lau,
Albert Wilson, Manistee, Mich.
EDWARD BUCKLEY, President and General Manager Manistee, Mich.
Secretary and Treas.—Ch&e. G.Wilson.. Manisiee, Mich. | General Manager— William Douglas — Manistee, Mich.
PRINCIPAL OFFICE AND ADDRESS Manistee, Mich.
CADILLAC AND NORTHEASTERN RAILROAD COMPANY.
Line of Road.— Cadillac to Lake City, Mich 14 miles.
Sidings, 2 miles. Gauge, 3 feet. Rail (steel), 30 Ibs.
History. — Road opened iu October, 1884, and operated as a logging road until December
10, 1885, since when it has carried general freight and passengers. Owned and operated by
W. W. Cummer.
362 POOR'S MANUAL OF RAILROADS.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 1 ; baggage, etc., 1 ; freight
(box, 4 ; platform, 5), 9 ; logging, 60— total, 69.
W. W. CUMMEH, Manager Cadillac, Mich.
Sec. & Counsel— yi. C. Burch Grand Rapids, Mich. | Gen. Superintendent— IS.. W. Gerrish Cadillac, Mich.
PRINCIPAL OFFICE AND ADDRESS Cadillac, Mich.
CAIRO, VINCEKNES AND CHICAGO LINE.
(Cairo Division of Wabash, St. Louis and Pacific Ry.)
Main Line of Road.— Cairo, III., to Tilton, 111 258 miles.
Vincennes Branch : St. Francisville to Vincennes 8 miles.
Total length of road operated 266 miles.
Sidings, 32 miles. Gauge, 4 ft. 8£ in. Rail (steel, 237 miles), 56 and 60 Ibs.
History. — Composed of the Cairo and Vincennes, the Danville and Southwestern and
the St. Francisville and Lawrenceville RRs., formerly the Cairo division of the Wabash,
St. Louis and Pacific Ry. The road was surrendered to the trustees of its 1st mortgage,
April 27, 1885. From Tilton to Danville the tracks of the Wabash, St. Louis and Pacific Ry.
are now used. Previous to March 1, 1887 the tracks of the Chicago and Eastern Illinois RR.
were used between Westville and Danville. The road is operated, by order of the court,
under the above title. The total amount of Cairo Division bonds issued by the Wabash, St.
Louis and Pacific Ry. Co. was $3,857,000. Of these $3,856,000 have assented to a plan of re-
organization and deposited their bonds subject to the order of the committee (Anthony J.
Thomas and Charles E. Tracy), leaving only one bond unassented and outstanding.
Rolling Stock, April 30, 1887.— Locomotive engines, 29. Cars— passenger, 15 ; baggage
and mail cars, 7 ; freight (box, 698 ; stock, 138 ; coal and flat, 255), 1,091 — total, 1,113. Also,
1 pile driver and 1 wrecking, 48 hand, 42 push, 2 iron, 13 caboose, and 36 gravel cars.
Operations for year ending April 30, 1886. — Trains run, 519,305 miles. Passengers car-
ried, 224,685 ; carried one mile, 4,219,186; average mile-rate, 2.7 cents ; average mile-cost,
2.5 cents. Tons of freight moved, 250,210 ; moved one mile, 33,856,913 ; average ton-mile
rate, 0.95 cent ; average ton-mile cost, 0.856 cent.
Earnings.— Passenger $113,915 17
Freight 323,838 90
Express 16,713 37
Mail 16,883 66
Car Service and other 33,680 57
Total ($1,863.58 per mile) $505,031 67
Expenses.— Transportation $153.064 46
Motive Power 110,76663
Maintenance of Way 89,042 87
Maintenance of Cars 14,758 47
General 27,916 00
Total ($1,460.66 per mile) $395,548 43
Net earnings ('21.68 per cent,), $109,483.24. Paid taxes, $34,864.49 ; interest on receiv-
ers' certificates, $12,802.08— total, $47,666.57. Net income, $61,816.67.
Financial Statement (Receivers'), April 30, 1886.— Receivers' certificates, 6 per cent.,
$622,667.67 ; vouchers and pay rolls, $92,518.90 ; ticket balances and station agents' drafts,
$13,582.12 ; disputed claims, $8,288.58 ; interest due, $2,909.48 ; income balance, $61,816.77
— total, $801,783.52. Contra: Reconstruction and new equipment, $593,040.87 ; current ac-
counts, $50,276.45 ; supplies, $11,587.55 ; taxes for 1884 due by Wabash receivers, $49,097.70;
cash, $97,780.95.
Receivers : Anthony J. Thomas and Charles E. Tracy.
ANTHONY J. THOMAS, Managing Receiver New York, N. Y.
General Manager— Malcolm A. McDonald .... Cairo, 111. | Treasurer— R. I. Farrington Cairo, 111.
PRINCIPAL OFFICE AND ADDUESS Drexel Building, New York, N. Y.
CANTON AND WAYNESBURG RAILROAD COMPANY.
Line of Road. — Canton, O., to Marks, 0 5 miles-
Gauge, 4 ft. 8£ in. Rail, steel, 56 Ibs.
History.— Chartered January 22, 1884. Road built in 1885, and opened in December of
that year.
POOR'S MANUAL OF RAILROADS. 363
Rolling Stock.— Locomotive engine, 1. Cars— passenger, 1 ; freight (gondola, 10 ; hop-
per, 7), 17 ; other, 1 — total, 19.
Operations for year ending June 30,1886.— Train mileage not reported. Tons of freight
moved, 15,675 ; moved one mile, 18,185. Earnings from freight, $4,691.10. Operating ex-
penses, $2,266.29. Net earnings, $2,424.81. Paid for construction, $2,42481.
Financial Statement, June 30, 1886.— Capital stock (authorized, $100,000), $53,300 ; no
further particulars.
Directors.— L. R. Tressell, J . W. Albaugh, J. Schernck, John Hadley, C. C. Cook, Can-
ton, O.
JOHN W. ALBAUGH, President Canton, O.
Secretary and Treasurer— C. C. Cook Canton, O. | General Superintendent-John Hadley C. .nton, O.
Auditor— L. R. Tressell Canton, O.
PRINCIPAL OFFICE AND ADDRESS Canton, O.
CENTRAL UNION DEPOT AND RAILWAY CO. OF CINCINNATI.
Line of Road. — Rose Street to Central Avenue (in Cincinnati) 1.44 miles.
History. — Incorporated June 23, 1884 ; road opened June 1, 1885.
Income Account, December 81, 1885.— Rentals, etc., $95,481.53 ; other receipts, $102,-
224.46— total, $197,705.99. Expenses and taxes, $102,224.46 ; net income, $95,481.53. Pay-
ments ; Lease rentals, $45,738.44 ; dividends (6 per cent, quarterly, April, July, October,
1885, and January, 1886, at Cincinnati, 0.), $42,750— total, $88,488.44. Surplus, $6,993.09.
Financial Statement, December 31, 1885.— Capital stock (common, $112,500; preferred,
$600,000), $712,500 ; income balance, $11,086.27— total, $723,586.27. Contra : Cost of road
and buildings, $712,375.39; other asset?, $11,210.88.
M. E. INGALLS, President Cincinnati, 0.
T. O. Barbour, Secretary and Treasurer Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
CHAGRIN FALLS AND SOUTHERN RAILROAD COMPANY.
Line of Road.— Willoughby, 0., to Bridgeport, 0 130 miles.
In operation : Chagrin Falls to Solon 5 miles.
Sidings, 0.18 mile. Gauge, 3 ft. Rail (steel, 2 miles), 40 Ibs.
History. — Chartered in October, 1880, assuccessor to the Painesville, Canton and Bridge-
port (N. G.) RR. Co. The road has been in operation since February 1, 1882.
Rolling1 Stock. — Locomotive engines, 2 ; Cars — passenger, 2 ; freight (box, 2 ; coal, 8), 10.
Operations for year ending June 30, 1886. — Passengers carried, 17,377 ; carried one mile,
84,330. Tons of freight moved, 12,250 ; moved one mile, 61,250. Earnings — passenger, $4,-
024,44; freight, $6,654.04; other, $461. 51— total, $11,139.99. Operating expenses and taxes,
$8,071.67. Net earnings, $3,068.32.
Financial Statement, June 30, 1886.— Capital stock (par, $50), $27,050.00 ; funded debt
consists of two 6 per cent. (12 month) loan notes, dated respectively June 1, 1886, $800, and
August 12, 1885, $3,500 ; interest accrued to June 30, 1886, $260.56— total liabilities, $31,-
510.56. Contra : Cost of road, equipment and real estate, $45,865.68.
Directors (elected [second Wednesday] December 8, 1886).— I. W. Pope, A. B. Gardner,
Joseph Stoneman, A. C. Williams, William Hutchings, Alfred Adams, Fitch Adams, O. F.
Frazier, John S. Bullard, Chagrin Falls, 0.
ALFRED ADAMS, President Cleveland, O.
O. F. Frazier, Vice-President Chagrin Falls, O.
Treasurer— F. M. Adams. ... ... Chagrin Falls, O. | Secretary— A. C. Williams Chagrin Falls, 0.
General Manoffer—Wittiam Hutchings Chagrin Falls, O.
PRINCIPAL OFFICE AND ADDRESS Chagrin Falls, 0.
364
POOR 8 MANUAL OF RAILROADS.
CHICAGO AND ALTON EAILROAD COMPANY.
Main Line of Road.— Joliet, 111., to East St. Louis, 111 243.50>iles.
Coal City Branch : Joliet to Co;il City and Braidwood 29.76
Washington Branch : Dwight to Washington and Lacon 79.80
Louisiana Branch: Roodhouse, 111., to Louisiana, Mo 38.10
Jacksonville Division : Bloomington to Wann. via Jacksonville and
Upper Alton 158.00— 305.CG.
( Joliet and Chicago Railroad 37.20
Leased : •] Louisiana and Missouri River Railroad 100.80
( Kansas City, St. Louis and Chicago Railroad 161.82 — 299.82 miles.
Total length of line operated 848.98 miles.
2d track, 63.63 ; sidings, 191.44 m . Gauge, 4 ft. 8£ in. Rail (steel, 966.93 m.), 60 and 70 Ibs.
Statement of the mileage in the several divisions of the system :
LINES OF RAILBOAD.
First
Track.
Second
Tracks.
Side
Tracks.
Total
Track.
Steel
Railed.
Joilet and Chicago RR., Chicago to Joliet
miles.
37.20
miles.
40.30
miles.
27.91
miles.
105.41
miles.
90.63
Chicago and Alton RR., Joilet to East St.. Louis
Coal City Branch, Joliet to Coal City and Braidwood
Western Division, Dwight to Washington and Lacon
243.50
29.76
79.80
22.46
71.35
9.56
7.22
337.31
39.32
87.02
293.05
31.73
35.16
Lonisiiina Branch, Roodhouse to Louisiana.
38 10
9.42
47.52
39.67
Jacksonville Division, Bloomincton to Wann
158.00
16.61
1?4.61
167.23
Louisiana and Missouri River RR., Louisiana to Cedar City
100.80
17.01
117.81
58.41
Kansas City, St. Louis and Chicago RR., Mexico to Kansas City —
161.82
0.87
32.36
195.05
173.54
Tracks Owned in Illinois . .
549.16
22 46
114.16
685.78
566.84
Tracks Leased in Illinois
37.20
40.30
27 91
105.41
90.63
Tracks Leased in Missouri
262 62
0.87
49.37
312.86
231.95
Total of all Tracks
848.98
63.03
191.44
1,104.05
889.42
In the above table is shown the length of steel rails on December 31, 1884. On Decem-
ber 31, 1886, the length of steel rail in tracks owned had increased to 601.16 miles, and in all
tracks to 96G.93 miles, but the portion of such increase to be credited to each road was not
stated.
History. — Chartered February 27, 1847, as the Chicago and Mississippi RR. Co., and
road opened from Joliet to Alton in 1855 ; reorganized as the St. Louis, Alton and Chicago
RR. in 1857 ; sold in 1862 under foreclosure of its mortgage. Present company organized
February 16, 1861. Road opened from Alton to East St. Louis in 1859. The Chicago and
Illinois River RR. was sold to the Chicago and Alton RR. Co. in 1879, and now forms the
Coal City Branch. The Upper Alton Line, from Godfrey to Milton, 7.40 miles, now forming
part of the Jacksonville line, was opened on July 15, 1882. The St. Louis, Jacksonville
Chicago RR. Co. was chartered February 15, 1851 ; road opened from Godfrey, 111., to
Bloomington, 111., 150.60 miles, January 1, 1866; leased in perpetuity May 1, 1868; consol-
idated with the C. & A. RR. Co. Aptil 14, 1884, holders of the preferred and common
stock of the St. L., J. & C. receiving share for share in like issues of the Chicago and
Alton. To December 31, 1886, all of the preferred stock, and all but seven shares of
common stock of the St. Louis, Jacksonville and Chicago RR. Co., had been so exchanged.
Annual meeting, first Monday in April. Books close for annual meeting about twenty
days prior thereto. Voting power attaches to stock immediately after transfer. Stock and
bonds listed on New York Stock Exchange.
Rolling Stock. — Locomotive engines, 228. Cars — passenger, 80 ; dining, 4 ; sleeping,
19 ; baggage, mail and express, 35 ; freight (house, 3,523 ; stock, 1,848; platform and coal,
1,360 ; drovers', 100), 6,831. Total revenue cars, 6,969. Also, 16 tool and boarding cars.
Operations for year ending December 31, 1866. — See tabulated statement below.
Earnings.— Passenger $2,311,041 09
Frdght 5,392,058 53
Mail and Express 290,110 38
Miscellaneous 58,429 34
Total ($9,493.38 per mile) $8,060,639 34
Expenses.— Transportation £1,476.954 75
Motive- Power 1,355.552 27
MiunU'iiance of Way 1,337,540 81
Maintenance of Cars 480,907 35
Total ($5,477.64 per mile) $4,650,955 18
POOR'S MANUAL— CHICAGO AND ALTON RR. CO.
365
Net earnings (42.30 per cent.), $3,409,684.16. The cost of all improvements is charged
to operating expenses. •
Income and Disbursement Account for 1886.
Gross Earnings $8,060,639 34
Operating Expenses 4,650,95513
Net, Earnings $3,409,684 16
Interest, Dividends, etc 282,654 29
Balance of Account, January 1, 1886 2,384,514 66
Interest on Bonds
Dividends
Lease Rentals
New Equipment, Tracks, etc., etc
Sinking Fund Bonds Purchased
Profit and Loss A.
$886,381 33
1,407,224 00
701,777 02
254,133 i ;3
101,132 T5
984 49
Total $6,076,653 11 - Total $3,301,633 21
Surplus carried to next year's account, $2,775,219.90.
The lease rentals paid were : Joliet and Chicago RR., $106,250 ; Mississippi River Bridge
Co., $71,000 ; Louisiana and Missouri River RR., $188,510.92 ; and Kansas City, St Louis
and Chicago RR., $336,016.10.
Statement of operations and capital account for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned.
389.24
498.19
218.23
207
90
31
5,368
840.46
1.406,752
2,716,778
1,203,549
78,270.565
3,071,788
481,474,730
$
1,624,668
3,808,484
254,074
395.14
503.33
331.06
213
93
31
6.028
846.06
1,466.965
2,436,397
1,495,606
92,847,464
3,275,004
447,009,997
$
1,697.541
5,546,87'0
313,329
398.56
510.04
338.76
213
. 93
31
6,028
849.78
1,55C,018
2,513,523
1,66(5,991
101,150,959
3,522,840
474,823,908
$
1,973,101
5,948,123
294,271
398.56
513.33
345.00
228
99
34
6,528
849.78
1,622,243
2,922,541
1,805,140
106,028,676
3,488,496
549,369,534
8
2.270,371
6,197,681
342,550
549.16
631.75
566.84
228
102
35
6,531
849.78
1,700,862
3,172,979
1,907,486
119,946,417
3,598,284
602,768,054
I
2,278,429
6,078.675
357,170
549.16
675.23
566.84
228
103
35
6,531
849.08
1,703,111
2,927,142
l',721,286
109,078,875
3,631,108
538,522,498
$
2,209.502
5,432.633
351,034
549.16
685.78
601.16
228
103
35
6,831
848.98
1,721,9!2
3,052,187
1,735,549
114,250,157
3,651,100
560,824.279
$'
2,311.041
5,392,059
357,589
Miles of Track
Miles of Steel Rail
Locomotive Engines
Passenger Cars
Baggage, Mail, etc., Cars
Freight ( — 8-wheel) Cars
Miles of Railroad Operated
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Mile?
Freight (tons) Moved f
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous
Traffic Earnings
7,687,226
4,209,241
7,557,740
4,321,375
8,215,495
4,684.503
8,810,610
5,097,032
8,709,274
5,079,330
7,993,169
4,612,847
8,0t>0.r,39
4,650,955
Operating Expenses and Taxes
Net Traffic Earnings
3,477,985
848.879
3,236,365
1,807,201
3,530,992
1,774,988
3,713,578
2,143,854
3,629,944
2,205,522
3,380,322
2,432,279
3,409,684
2,667,169
Balance Previous Year, etc
Available Revenue
4,326,864
1,067,991
802,098
35,130
854,359
66,876
1,500,410
9,146 45
5,00826
4,138 19
54.08 p. c.
2.08C.
1.21 c.
• $
11,181,913
2,425,400
10,814,850
752,000
61,000
600,000
5,043,566
1,096,995
762,001
73,988
1,077,976
590,166
1,442,440
8,992 39
5,105 84
3,886 55
57.18 p. c.
1.82 c.
1.24 c.
$
11,181,472
2,425,400
10,749,850
752,000
126,000
600,000
5,305,980
1,127,534
761,122
79,57-4
1,083,080
395,589
1,859,081
9,667 80
5,512 61
4,155 19
57.02 p. c.
1.95 c.
1.26 c.
12,504,672
2,425,400
10,680.850
752,000
195,000
600,000
5,857.432
1,208,277
700,545
82,328
1,194,184
745,394
1,926,704
10,368 11
5,998 06
4,370 05
57.85 p. c.
2.14 c.
1.13 C.
$
12,506,472
2,425,400
9,511,850
752,000
268,000
600,000
5,835,466
823,565
770,683
87,876
1,646,840
347,069
2,159,433
10,248 86
6.041 31
4,20755
58.94 p. c.
1.90 c.
1.01 c.
1
14.034,700
3,479,500
12,600,850
5,812.601
704^73
839.307
93,854
1,409,750
380,702
2,384,515
9,413 92
5.432 76
3,981 16
57.71 p. c.
2.25 C.
1.01 C.
!
14,107,800
3,479.500
12,499,850
2,475.000
427,000
600,000
525.000
439,100
3,700
6,076,853
701,777
836,381
101,133
1,407,224
255,118
2,775,220
9,493 38
5,477(14
4,015 74
57.70 p. c.
2.02 c.
0.96 C.
14,110,800
3,479,500
12,415,850
2,465,000
508,000
600,000
535,000
439,100
8,700
359
1.189,615
2,775.320
Lease Rentals
Interest
Sinking Fund
Dividends
Other Disbursements
Balance— Surplus
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Fare per Passenger per Mile
Freight per Ton per Mile
Common Stock
Preferred Stock
Funded Debt
Stocks nnd Bonds Guaranteed
Gold Sinking F'd Bonds Redeemed.
Sinking Fund Bonds Cancelled
345,000
600,000
La. & Mo. River RR. Bond Account
Stock and Bonds
439,100
34,572
973,992
957,137
1,500,410
439,100
34,572
534,040
8b8,454
1,442,441
439,100
34,572
517,039
1,095,324
1,859,081
439,100
47,572
493,825
1,868,631
1,926,704
439,100
52,800
187,524
1,092,698
2,159,433
Construcfn F'd K C St L & C RR
Accounts and Liabilities .
1,253,427
2,384.515
Income Balance
Total Liabilities
29,740,374
20,222,701
3,009,379
4.055,424
311,188
728,578
323,000
1,090,004
29,183,329
20,222,701
3,007,062
4,179,910
3il,lH8
827,979
290,658
343,831
31,103,038
20,222,701
3,014,724
3,858,861
311,188
605,037
734,372
2,356,155
30,339,554
20,222,701
3,362.046
3,894,786
176,188
644,178
433,779
1,605,876
94,991,605
0.225.081
26,003,C91
6,514,983
176,188
524,723
443,822
1,103,117
38.194,892
20.225,081
8,925,041
6,513,129
163,618
594,000
443,226
1,330,797
3S.522.1 14
20.2-,'5.0S1
S.il-,'2.041
6,515.812
128,357
679,841
413,290
1,787,722
Road and Equipment
Construction Branches, etc
Stocks, Bonds, Trusts, etc
La. & Mo. Riv. RR. Co. Notes
Materials, Supplies, etc
Bills, Accounts, etc
Cash on Hand and in Transit
Total Assets
29,740,374
29,183,329
31,103,038
30,339,554
34,991,605
38,194,893
38,522,144
366
POOR'S MANUAL — CHICAGO AND ALTON EB. CO.
General Balance Sheet, December 31, 1886.
Cost of Road and Equipment $20,225,081 20
Construction Upper Alton Line 816.361 42
Construction Coal City Branch 690,416 34
Construction Western Division 1 ,1 16,724 91
Construction Louisiana Branch 1,389,53? 93
St. L., J. & C. RR. Bonds Assumed 2,409,000 00
Total Road and Equipment $26,147,121 79
Prefd St'k St. L., J. & C. RR..$1.054,100
Com. Stock " " ..1,608,900— 2,663,00000
Original Cost Joliet and Chicago R U 2,000,000 00
Original Cost Mississippi River Bridge. . . 1,000,000 00
Bonds to meet Contingent Liabilities 40,000 00
Com. St'k in Trust, 111. Trust & Sav. Bank 3,700 00
Stocks and Bonds Owned 3,727,221 40
Sundry Trusts 76,062 45
United States Trust Co., Sinking Fund. . . 5,828 50
Kansas City Union Depot 21,000 00
Machinery and Tools 318,35014
Supplies for Current Operations 261,490 68
Bills Receivable 169,322 10
Current Accounts 351,325 10
Due from Agents, Cash in Transit 180,952 07
Cash on Hand and on Call 1,406,769 64
Cash to pay for Cars not yet Delivered .... 150,000 00
Total Property and Assets $38,522,143 87
Capital Stock, Common $14,110,800 00
Capital Stock, Preferred 3,479,500 00
Funded Debt ^ 9,923,850 00
Joliet and Chicago Stock, 7 p.c. Guaraut'd 1,500,000 00
Joliet and Chic. Bonds, paid and Cancelled 500,000 00
Mississippi River Bridge Stock, Guarant'd 300,000 00
Mississippi River Bridge Bonds, Assumed 665,000 00
Miss. River Bridge Bonds, Paid and Can.. 35,000 00
Sinking Fund Gold Bonds 2,492,000 00
Sinking Fund Gold Bonds, Redeemed .... 508,000 00
First Mtg. Sinking Fund Bonds, Paid 600,000 00
Louisiana and Mo. River RR. Bond Acc't. 439,100 00
New Common Stock Unissued 3.700 00
Due Companies, Individuals, etc 563,536 53
Vouchers and Pay Rolls for Dec., 1886 443,619 17
Unpaid Wages, Prior to December, 1885.. 69,706 44
Unpaid Coupons, Dividends, etc 1,820 46
Accrued Rental Kan. Cy.,St.L. & Chic.RR 58,937 20
Accrued Rental Louisiana & Mo. Riv. RR. 52,354 17
Balance Income Account 2,775,219 90
Total Liabilities $38,522,143 87
The preferred stock is entitled to a dividend of not exceeding 7 per cent., after payment
of interest and sinking fund contribution, and to share pro rata with the common stock in
any dividend exceeding 7 per cent, on the entire stock.
Funded debt outstanding December 31, 1886, consisted of —
1st mtge. 7 per cent. 31-year bonds, due Jan. 1, 1893, interest January and July. . .$2,383,000
Consol. mtge. 6perct-nt. 30-year £ gold bonds, due July 1. 1903, int. Jan. and July. 4,379,850
1st mtge. (St. L., J. & C. RR.) 7 p. c. 30-year bonds, due April 1, 1894, int. A. & 0. 2,929,000
3d mtge. St. L., J. & C. RR.) 7 p. c. 30-year bonds, due July 1, 1898, int. J. & J. . . 188,000
2dmtge. (St. L., J.&C. RR.)7p. c. 30-yearconver bds., due July 1, 1898, int.J.&J.. 44,000
Sinking fund gold bds., 6 p. c. 25-years, due May 1, 1903, int. May and Nov 2,492,000
The consolidated 6 per cent, sterling bonds outstanding are for £900,000 (total author
ized issue, $8,000,000), are secured on main line and Washington Branch, 323.30 miles, are
coupon bonds of $1,000 each, and are redeemable in 1903 by action of sinking fund. Princi-
pal and interest, free of all taxes, payable in London by J. S. Morgan & Co. Trustee : Uni-
ted States Trust Co., New York. Listed on the London Stock Exchange, and also quoted at
Glasgow.
The sinking fund six per cent, bonds of 1878 ($3,000,000 authorized) are coupon bonds
of $1,000 each, with provision for registration. A sinking fund of two per cent. ($60,000)
half-yearly, less the genii-annual interest on the bonds then outstanding, is payable to the
United States Trust Co., trustee, on the first days of May and November, each year, begin-
ning May 1, 1880, to be applied to the purchase and cancellation of these bonds, if they can
be purchased at a price not exceeding 105 and interest. They are not secured by a mortgage
on the line, but it was provided that should the mortgage indebtedness be increased above
$8,000,000 they should be so secured. Seven per cent, bonds of the Kansas City, St. Louis
and Chicago RR. Co. (in aid of the construction of whose line these Chicago and Alton bonds
were issued) to the amount of $3,000,000 are deposited with the United States Trust Co. as
additional security.
In addition to the above funded debt the company has assumed the following bonds of
its leased lines :
1st mortgage (L. & Mo. R. RR.) 7 per cent. 30-year bonds, due August 1, 1900 $439,100
1st mort. (Miss. Riv. Bridge) sinking fund 6 p. c. 40-year bonds, due October 1, 1912. 665 000
POOR'S MANUAL OP RAILROADS. 367
Statement, showing dates and rates of dividends paid by Chicago and Alton RR. Co.:
Rates.
Rates.
Rates.
Rates.
Rates.
DATES.
DATES.
DATES.
DATES.
DATES.
1
B
o
O
1
s
o
O
1
1
3
A
I
1
m
I
Aug. 28, '63
Feb. 25, '64
Aug. 20, '64
Feb. 25, '65
Sept. 1, '65
Mar. 1, '66
Sept. 1, '66
Mar. 4, '67
Sept. 2, '67
Mar. 2, '68
v
3i
3i
5
1*
5
5
5
5
p.c.
2*
V
5
3*
5
5
5
5
5
Mar. 1, 69
Sept. 1, 69
Mnr. 1, 70
Sept. 1, 70
Mar. 6, 71
Sept. 4, 71
Mar. 6, 72
Sept. 2, 72
Mar. 6, 73
Sept. 5, 73
p.c.
5
5
5
5
5
5
5
5
5
P5C'
5
5
5
5
5
5
5
5
5
Sept. 1, '74
Mar. 3, '75
Sept. 1, '75
Mar. 1, '76
Sept. 12, '76
Mar. 1, '77
Sept. 4, '77
Mar. 4, '78
Sept. 4, '78
Mar. 4, '79
P.«.
5
4
4
4
4
3i
3*
31
3+
rf.
5
4
4
J'
3i
8J
?
Mar. 1 '80
Sept. 4 '80
Mar. 1 '81
Sept. 1 '81
Mar. 1 '82
ISept. 1 '82
IMar. 1 '83
Sept. 1 '83
Mar. 1 '84
June 2 '84
p.c.
3*
3i
4
4
4
4
4
4
4
?!
p.c.
3
3i
4
4
4
4
4
4
«
Dec. 1, '84
Mar. 2, '»>
June 2, '85
Sept. 1, '85
Dec. 1, '85
Mar. 1, '86
June 1, '86
Sept. 1, '86
Dec. 1, '86
p.c.
2
2
2
2
2
2
2
2
2
v-
2
2
2
2
2
2
2
2
Sept. 1, '68
6
5
Mar. 10, 74
5
5
Sept. 1, "i9
3*
3
Sept. 1 '84
2
2
Total dividend percentage— preferred stock, 204J ; common stock, 201.
Statement of principal articles of freight moved, 1874-86 :
YEARS.
Iron.
Coal.
Wheat.
Corn.
Oats.
Flour.
Mdse.
Cattle.
Hogs.
1874. . .
Tons.
29,385
Tons.
404.307
Lush.
1,152,634
Bush.
8 529 910
Bush.
1 471 430
BMs.
691 117
TOM.
164 268
No.
No.
1875
71,647
569 234
1,224 891
4 929 991
1 705 753
587 744
1876
82,886
606,375
1,614411
11 360 125
1 061 79*)
548 111
1877
48,301
474,177
1,112,330
8 772 412
1 '375*557
736 830
242 831
186 717
1878
100.260
646,698
4,145,4*5
9,684,210
3 1G5 181
782 319
250 486
174 635
1879
180,268
817,351
5 919 401
9 623 131
1 818 609
948 022
387 8°5
1880. . .
229,255
989,146
6,351,756
12 733 108
3 846 265
1 000056
412 471
244'()13
1831
320,890
1,190.241
3,382,875
9,304,712
8 528 4ti3
689 636
461 749
267 058
1882 ..
231,894
1,366 641
6,127,981
8 373 923
3 504 005
784 875
504 466
241 379
1883
117,126
I,416,a50
5,355,811
10 396 499
2 654 779
534 800
518 689
290 813
1884
121,670
1,278,320
6,520,664
10,492,786
3,584 407
643 026
560 136
36S 024
1885
152,074
1 390,855
2,828,663
8 143 312
3 836 310
524 203
613 731
384 1H5
1886
189,013
1,362,613
3,435,056
5 236 131
3 719 791
471 765
747 882
358 676
RAILROADS LEASED OB OWNED BY THE CHICAGO AND ALTON RR. Co.
JOLIET AND CHICAGO RAILROAD.-Joliet, 111., to Chicago, 111. (double), 37.20 miles. Organ-
ized February 15, 1855 ; road opened July 4, 1856. Leased in perpetuity from January 1, 1864, to the C. & A. Co.,
a?id now operated as a division of the main line. Rental, 7 per cent, on stock, and $1, 800 per annum for main-
tenance of organization. Dividends (.first Mondays in January, April, July, and October, each 1} per cent.),
§105,000. Capital stock, $1,500,000. Cost of road, etc., $2,000,000. No bonds on the road. Annual meeting 1st
Monday in April. Books close for annual meeting about 20 days prior thereto. Dividend" payable at U. S.
Trust Co., New York. Stock listed on New York Exchange. Transfer office, John Patou & Co., New York.
JOHN CRERAR, President ; Charles H. Foster, Secretary and Treasurer, Chicago, 111.
KANSAS CITY, ST. LOUIS AND CHICAGO RAILROAD.-Mexico, Mo., to Kansas City,
Mo., 161.92 miles. Organized in 1877 to extend the line of the Louisiana and Missouri River RR. Irom Mexico to
Kansas City. Road opened through May 1, 1879. Leased to the C. & A. RR. Co., in perpetuity, from November 1,
1879. Rental, 35 per cent, of gross earnings, Jess assessments and taxes. If 35 per cent, is in excess of the
amount required to pay interest on bonds and 7 per cent, on capital stock, after deducting taxes, etc., all excess
must go to the Chicago and Alton RR. Co. Rental in 1885, $335,873.20. Paid : Interest on bonds, $210,000 ; divi-
dends, on preferred stock, quarterly, Fabruary, May, August, and November, each ]J per cent., $105,000— total,
$315,000. Capital stock, common, 7 per cent., $271,700; preferred, 6 per cent., $1, 750,000; funded debt, 1st
mortgage 7 per cent. 25-year bonds, payable May 1, 1903, $3,000,000. The bonds are deposited with the U. S.
Trust Co., as security for an issue of a like amount of 6 per cent, bonds of the C. & A. RR. Co. of the same date.
This company has paid the following cash dividends : On preferred stock, 1 J per cent, quarterly since August 1,
1879. On common stock, May 20, 1881, $7.40 per share out ot earnings from November 1, 1879, to January 1, 1881 ;
November 6, 1881, and May 1, 1882, 3J per cent, each. From May 1, 1882, semi-annual dividends of 3| per cent,
each have been paid on the first days of November and May. J. J. MITCHELL, President ; H. W. Phelps, Secre-
tary, St. Louis, Mo.; C. Kelsey, Registrar of Transfers, Chicago, 111. CORPORATE OFFICE, St. Louis, Mo.
LOUISIANA AND MISSOURI RIVER RAILROAD.-Louisiana, Mo., to Cedar City, Mo.,
100.90 miles. Chartered March 24, 1808 ; road opened October 29, 1871. Leased in perpetuity from August 1, lt>70,
at a rental of 3r> per cent, of gross earnings after deducting taxes and assessments. Rental in 1885, $191,350.04 ;
expenses, $2,144.70— net income, $189,205.34. Payments : Bond interest and dividend guaranteed, $138,250.
Balance applied to reduction of floating debt, $50,955.34. Common stock, $2,272,700 ; preferred 7 per cent, stock,
$1,010,000 ; preferred 7 per cent, stock, guaranteed by Chicago and Alton RR. Co.|(interest February and August),
$329,100; funded debt, 1st mortgage 7 per cent, 30-year bonds, due August 1, 1900, $1,345,000; 2d mortgage 5
per cent, bonds (interest guaranteed by C. & A.), dated November 1, 1877, and due November 1, 1900, $300,000 ;
floating debt, $163,618.50— total. $5,420,418.50. Cost of road, $5,370,385.62. Cash dividends of 3J per cent, have
been paid semi-annual ly on the first days of February and August, on the guaranteed preferred stock of this
company since February, 1871. Annual meeting first Wednesday in May ; books close thirty days prior thereto.
Interest and dividends payable at transfer office, John Paton & Co., New York. WM. II. BLISS, President, St.
Louis, Mo.; C. H. Foster, Secretary and Treasurer, Chicago, 111.
368 POOR'S MANUAL OF EAILROADS.
MISSISSIPPI RIVER BRIDGE.— Pike, 111., across the Mississippi to Louisiana, Mo. Chartered
April 25, 1$',2 ; bridge opened December 24, 1873. Leased in perpetuity December 3, 1877, at a rental of $63,000
a year, to be applied in payment of 7 per cent, en stock, and 6 per cent, on bonds. Capital stock, §300,000 ;
funded debt 1st mortgage 6 per cent, bonds, due October I, 1892, interest April and October, $665,000; sinking
fund, $35,000 — total representing cost of road, etc., $1,000,000. All the stock and $200,000 of the bonds are held
by the C. & A. RR. Co. as (in investment. Dividends paid January and July, at Treasurer's office ; interest pay-
able by John Paton & Co., New York. JOHN CBERAU, President; C. H. Foster, Secretary and Irtamrer. COR-
PORATE OFFICE, Chicago, 111.
Board of Directors Chicago and Alton RR. Co.
Term expires in April, 1888.
John Crerar Chicago, 111.
Lorenzo Blackstone. Norwich. Conn.
John J. Mitchell St. Louis, Mo.
Term expires in April, 1889.
T. B. Blackstone Chicago, 111.
John B. Drake Chicago, 111.
Morris K. Jesup. . .New York, N. Y.
Term expires in April, 1890.
George Siraut Chicago, 111.
James C. McMiillin Chicago, 111.
William A. Slater.. .Norwich, Conn.
T. B. BLACKSTONE, President Chicago, III.
Tice-President—3. C. McMullin. Chicago, 111. I Secretary & Treasurer-Charles H. Foster.Chicago, 111.
Auditor— Chauncey Kelsey Chicago, 111. | Gen. Manager— Charles H. Chappell Chicago, 111.
PHINCIPAL OFFICE AND ADDKESS Chicago, 111.
CHICAGO AND ATLANTIC RAILWAY COMPANY.
Main Line of Road. — Marion, O., to Hammond, Ind 248.5
Trackage : Chicago and Western Indiana RR. : Hammond to Chicago 20.0 — 268.5 miles.
Sidingt*, 47.6 milea. Gauge, 4 ft. 8£ in. Rail (steel, 296.7 miles), 60 Ibs.
History. — Consolidation, June 19, 1873, of the Chicago aud Atlantic Ry. Co. and the Chi-
cago and Atlantic Extension Ry. Co., the former organized December 1, 1871, as Chicago, Con-
tinental and Baltimore RR. Co., and the latter organized March 15, 1873. Further consolida-
tion July 15, 1873, by the merger of the Baltimore, Pittsburgh and Continental RR. Co.,
organized November 18, 1871. Track-laying completed in 1882 ; road opened for through
traffic on the 17th of June, 1883. Rental Chicago and Western Indiana trackage, $14,216.67
per month.
Rolling Stock.— Locomotive engines, 63. Cars — passenger, 29 ; baggage, mail, and ex-
press, 10; officers', 2 ; freight (box, 1,193 ; stock, 130 ; platform, 473 ; coal, 478), 2,274 ; ca-
boose, 31 ; other, 2— total, 2,348.
Operations for year ending June 30, 1886. — Train mileage — passenger, 581,364 ; freight,
799,855 ; other, 363,391— total, 1,744,610 miles. Passengers carried, 221,881 ; carried one
mile, 22,191,781 ; average mile rate, 1.64 cents. Tons freight moved, 955,334 ; moved one
mile, 212,168,914; average ton-mile rate, 0.42 cent.
Earnings.— Passenger $363,96687
Freight 896,68854
Mail 13,892 22
Express 20,255 78
Miscellaneous ... 90,628 04
Total ($5,159.89 per mile) $ 1 ,385,431 45
Expenses.— Transportation $444,814 17
Motive Power and Cars 366,143 80
Maintenance Way & Buildings. 117,838 08
General and Taxes 136,875 39
C. and W. I. RR.— Expenses . . 42,593 08
Total ($4,127.61 per mile) $1,108,264 52
Net earnings (20.01 per cent.), $277,166.93. Payments aud charges against net earnings :
Interest on bonds, $390,000 ; on floating debt, $29,673.15 ; trackage rental, $170,241.51 ; legal
expense, application for receiver, $5,946.41 — total (less interest on equipment bonds not paid
on account of unfulfilled car contracts, $3,780), $592,081.07. Deficit, $314,914.14 ; deficit
from last year, $350,793.39— total deficit.. $1,414,882.75.
General Balance SJieet, June 30, 1886.
Construction Account $16,129,404 29
Equipment Account 1,567,037 80
Other Investments 173,95797
Cash and Cash Assets 319,009 08
Materials and Supplies 53,(i20 91
SinkingFund 34,471 97
Profit and Loss 1,414,882 75
Total Assets $19,692.384
Capital Stock $9,428,500 00
FundedDebt 6,500,000(0
Interest on Bonds Accrued and Unpaid. . 1,235,000 00
Interest Unpaid 30,510 00
Notes Payable 1,744,000 60
Vouchers and Accounts 435,809 07
Other Liabilities 318,565 10
Total Liabilities ... $19,692,384 77
"Other investments " includes Chicago and Western Indiana stock, $127,500 ; Belt Ry.
of Chicago stock, $40,000; Chicago and Western Indiana loan account, $1,457.97 ; Belt Ry.
loan account, $5,000— total, $173,957.97.
POOR'S MANUAL— CHICAGO AND ATLANTIC BY. CO. 369
Funded debt consists of first mortgage 6 per cent. $1,000 gold bonds, dated May 1, 1880,
due November 1, 1920 ; interest payable May and November. Capital stock authorized,
$10,000,000, $9,000,000 of winch are held in trust with an irrevocable proxy to vote during
the life of the first mortgage bonds.
In 1883 provision was made for an issue of $5,000,000 2d mortgage 6 per cent, gold 40-
year bonds to pay off the floating debt and provide for new equipment, etc. None of these
bonds were sold, but they were largely pledged for N. Y., L. E. & W. loans. The gross
earnings of the "Erie" and N. Y., Pa. & 0. over this road were guaranteed as security for
interest on both issues. Default was made on 1st mortgage interest November 1, 1884, and
in February, 1886, foreclosure proceedings were begun. la March, 1887, a plan for the
relief of the company and the settlement of its differences with the "Erie" was proposed,
which provides for the foreclosure of the present first mortgage and the reorganization of the
company on the basis of $100,000 stock, $12,000,000 new firsts, and $10,000,000 5 per cent,
non-cumulative incomes ; the road to be operated by the " Erie " which shall guarantee
interest on first mortgage bonds, receiving in consideration therefor the entire issue of stock
and $5,000,000 income bonds. The present firsts will receive $1,050 new firsts, and $150 in-
comes for each $1,000. This exchange will absorb $6,825,000 new firsts, and $975,000 in-
comes ; $2,000,000 additional firsts will be issued in settlement of debts to the " Erie" and
the N. Y., Pa. & O. Cos. on surrender of the first mortgage coupons and old second mortgage
bonds held by those companies ; $700,000 new firsts will be used in taking up other old
seconds at 40 per cent, of their face, and of the remainder, $2,000,000 are irrevocably reserved
for betterments and improvements, as required from time to time. The balance of the incomes,
about $4,000,000, will be issued at the rate of 40 per cent, to holders of present stock.
The new firsts are to be dated May 1, 1887, due May 1, 1982, interest 4 per cent, for first
five years and 5 per cent, thereafter, the mortgage to be a first lien on the property and fran-
chises of the reorganized company, and to cover the lease of the Chicago and Western Indiana
RR., together with all existing rights, privileges and interest of the Chicago and Atlantic Ry.
Co. under any and all agreements with the Chicago and Western Indiana RR. Co., also the
stock of the Chicago and Western Indiana RR. Co. and of the Belt Line Co. now held in
trust for the Chicago and Atlantic Ry. Co.
The New York, Lake Erie and Western Railroad Company is to attach to or indorse upon
each of the new first mortgage bonds, for value received, an unqualified guaranty of the
prompt payment of the interest thereon as it matures, in the following form :
" For value received, the New York, Lake Erie and Western RR. Cot hereby guarantees the punctual pay-
ment of the interest of the within bond at the time and in the manner therein specified, and covenants, in default
of payment of any part thereof by the obligor, to pay the said interest of the within bond as the same shall become
due upon the demand of the holder hereof."
The plan further provides that if the gross earnings of the reorganized company in any
one year amount to $2,250,000, or less, 22J per cent, thereof shall be applied to the payment
of interest on the first mortgage bonds, and the surplus of such sum over the requirements
for such payment shall be applied to the payment of interest on the income bonds ; if the
gross earnings exceed $2,250,000 and are less than $2,275,000, 25 per cent, of such earnings
shall be applied in the same manner ; if in excess of $2,275,000 and less than $3,250,000, 27|
per cent, shall be applied for such purposes, and if in excess of $3,250,000 the amount so
applied is to be 29 per cent, of such gross earnings— such percentages to be increased by the
amount of the annual sums now payable under the Chicago and Western Indiana leases as
payments under said leases shall cease by the terms thereof.
If in any year the amount applicable as above shall be insufficient for the payment of
interest on first mortgage bonds then outstanding, and the New York, La-ke Erie and Western
RR. Co. shall be obliged, pursuant to its guarantee, to pay interest on these first mortgage
bonds, or any part thereof, the interest thereon at the rate of 5 per cent, per annum is to be
repaid to it out of such earnings before any income is at any subsequent time applied to the
payment of interest on the income bonds of the new company.
If the amount of the indebtedness of the Chicago and Atlantic Railway Co. to the New
24
370 POOR'S MANUAL OF RAILROADS.
York, Lake Erie and Western RR. Co. and the N. Y., Pennsylvania and Ohio Railway Co.,
including any sum which theN. Y., L. E. & W. RR. Co. may be compelled to pay to the re-
ceiver of the Marine Bank by reason of its indorsement of the notes of the Chicago and
Atlantic Ry. Co., shall exceed the sum of $2,000,000, then the N. Y., L. E. & W. RR. Co. is
to be repaid the excess by the new company before any income is at at any time subsequent
to the ascertainment of such excess applied to the payment of the interest on the income
bonds of the new company.
The first mortgage bonds and $2,500,000 of the seconds are listed on the New York Stock
Exchange. Annual meeting, first Thursday in September ; books close thirty days prior
thereto.
Trustees of bonds : 1st mortgage, Farmers' Loan and Trust Co., New York, and Volney T.
Malott, of Indiana ; 2d mortgage, Farmers' Loan and Trust Co., New York, and George J.
Bippus, of Huntington, Ind. Registrar of stock, Farmers' Loan and Trust Co., New York.
Directors (elected September 2, 1886). — H. J. Jewett, Thomas B. Musgrave, A. L. Hop-
kins, C. L. Atterbury, James H. Benedict, Andrew W. Kent, New York City ; Geo. J. Bip-
pus, Huntington, Ind.; C. C. Waite, Cincinnati, 0.; Thomas Espy, Kenton, 0.
JAMES H. BENEDICT, President New York, N. Y.
Thomas B. Musgrave, Vice-President .New York, N. Y.
Secretary— E. B. Guthrie Chicago, 111. I Treasurer— E. E. Willi* Chicago, 111.
Asst. Sec. & Tran. Agt.—l>. H. Conant.New York, N. Y. I Auditor— J. I). Kershaw Chicago, 111.
General Manager — Frederick Broughton Chicago, 111.
GENERAL OFFICE Chicago, 111.
Transfer Office 15 Cortlandt Street, New York, N. Y.
CHICAGO AND CANADA SOUTHERN RAILWAY COMPANY.
Line of Road.— Grosse Isle, Mich., to Fayette, 0 67.6 miles.
Sidings, 4.08 miles. Gauge, 4 ft. 8| in. Rail (40.93 miles steel), 60 Ibs.
History. — Organized July 11, 1871, to build a road from Detroit, Mich., to Chicago, 111.,
a distance of 250 miles. Road completed as above in September, 1873. About this time a
controlling interest was acquired by the Lake Shore and Michigan Southern Ry. Co., and no
further mileage has been built. The road is operated by the Lake Shore. It does not earn
operating expenses, and interest on bonds has been in default for many years, there being
overdue about $2,250,000, an amount almost equal to the principal of the bonds. Suit for
foreclosure was entered October 23, 1886.
Operations for year ending December 31, 1886. — Trains run (passenger, 47,476; freight,
32,367), 79,843 miles. Passengers carried, 46,921 ; carried one mile, 563,191. Tons of freight
moved, 49,606 ; moved one mile, 1,009,058. Earnings— passenger, $15,539.25 ; freight, $26,-
125.63 ; mail, express, etc., $3,978.73 — total, $45,643.41. Expenses — maintenance of way,
$22,984.04 ; rolling stock, $2,023.03 ; transportation, $22,262.<>7 ; miscellaneous and taxes,
$7,816.92— total, $55,086.66. Deficit, $9,443.05. Interest due and unpaid, $177,870. Deficit
for year, $187,313.05 ; deficit from last year, $2,321,569.05— total, $2,508,882.10.
Financial Statement, December 31, 1886.— Capital stock (authorized, $10,000,000— par
$100), $2,667,400 ; funded debt, 1st mortgage sinking fund 7 per cent. 30-year coupon $1,000
bonds, due April 1, 1902, interest April and October (authorized, $8,000.000), $2,541,000 ; bills
payable, $4,752.34; current accounts, $71,366.09 ; unpaid interest, $2,400,921.25— total, $7,-
685,439.68. Contra: Cost of road, $5,176,557.58 ; profit and loss, $2,508,882.10.
Annual meeting, fir&t Thursday after first Wednesday in June. Books close ten days
prior thereto.
Directors (elected June 4, 1886).— C. Vanderbilt, W. K. Vanderbilt, E. D. Worcester, S.
F. Barger, Sidney Dillon, E. A. Wickes, Chaa. F. Cox, New York City; John Newell, Cleve-
land, O.; W. L. Scott, Erie Pa.
JOHN NEWELL, President Cleveland, O.
E. A. Wickes, Vice-President New York, N. Y.
Charles F. Cox, Secretary and Treasurer New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Grand Central Depot, New York, N. Y.
POOR'S MANUAL OP RAILROADS. 371
CHICAGO AND EASTERN ILLINOIS RAILROAD COMPANY.
Main Line of Road.— Dolton, 111., to Danville, 111 107.45 miles.
Indiana Division : Covington, Ind. , to Coal Creek, Ind 8.38
Grape Creek Division : Danville, 111., to Sidell's Grove, 111 22.40
Wellington Branch : Cissna Park, 111., to Wellington, 111 11.86 — 42.14 miles.
( Evansville, Terre Haute & Chic. RR.: Danville, 111., to T. H. June. . 48.60 miles]
Leased : •] Rockport Extension Evansville & Terre Haute HR 6. 10 miles!
(Ind. Block Coal RR.: Otter Creek, Ind., to Brazil, Ind 12.72 miles.
Trackage ( Chicago and Western Ind. Ry.: Dolton, 111., to Chicago, 111 16.20 miles.
Contracts : ( Ind., Bloom. & Western RR.: Danville, 111., to Covington, Ind 13.00 miles.
Total length of road operated (owned, 149.59; leased, 67.42; trackage, 29.20), 246.21 miles.
Sidings, 89 miles. Gauge, 4 ft. 8| in. Rail (steel, 242 miles), 56 and 60 Ibs.
History. — This company is successor to the Chicago, Danville and Vincennes RR. Co.,
whose road was sold under foreclosure in 1877. For full historical statement see MANUAL
for 1885, page 652.
The Chicago and Eastern Illinois RR. Co. owns one-fifth interest in the Chicago and
Western Indiana KR., and uses its lines from Dolton, 111., to secure an entrance into Chicago.
Annual rental, $99,450, the additional rental ($43, 200 over previous years) carrying the owner-
ship. The contract with the I. B. & W. Ry. providing for the running of freight trains over
the tracks from Danville, 111., to Covington Ind. , at a rental of $6,000 per annum, was reduced
February 1, 1885, to $3,000 per annum.
The Evansville, Terre Haute and Chicago RR. (which see) is leased by this company and
operated as its Terre Haute Division. By this lease control was acquired of the Evansville
and Terre Haute RR. Co.'s Rockville extension, 6.10 miles, and of the Indiana Block Coal
RR., 12.72 miles, the C. & E. I. RR. Co. assuming all rentals and taxes on those roads, as
previously paid by the E., T. H. & C. Ey. Co.
Early in April, 1887, this road was purchased by a syndicate in the interest of the Chi-
cago and Indiana Coal Railway Co., the price paid for the stock being 110.
Rolling Stock, June 30, 1886. — Locomotive engines, 60. Cars — passenger, 23 ; combina-
tion, 8 ; baggage, mail, and express, 9 ; freight (box, 925 ; stock, 140 ; coal, 2,842 ; refriger-
ator, 100 ; caboose, 26 ; flat, 70), 4,103— total, 4,143. Also, 1 pay, 5 bridge .and tool, and 1
derrick cars ; 1 snow-plow and 1 pile-driver.
Operations for year ending June 30, 1886. — See tabulated statement below.
Earnings.— Passenger $315,282 45
Freight $803,767.96
Coal 498,370.06-1,302,138 02
Mail 22,415 76
Express 24,776 09
Miscellaneous 59,952 25
Total ($7,004.45 per mile) $1,724,564.57
Expenses.— Maintenance of Way $164,726 94
Maintenance of Cars 85,938 32
Motive Power 251,274 28
Transportation 848,441 81
Proportion C. & W. I. RR 49,352 71
General and Taxes 111,8:23 32
Total ($4,108.51 per mile) $1,011,557
Net earnings (41.34 per cent.), $713,007.19; other receipts, $98,823.98— available rev-
enue, $811,831.17. Payments: Interest on bonds, $332,190; on Strawn and Ind. State line
bonds, $4,500; interest and discount, $4,594.75 ; rentals, leaped lines (C. & W. I. RR.,$108,-
963.32 ; I., B. & W. Ry., $3,050.02 ; E., T. H. & C. Ry., $96,500; E. & T. H. RR., $3,000),
$211,512.34 ; dividend (No. 2, March 1, 1886, 2| per cent.), $75,000— total, $627,797.09. Bal-
ance, surplus, $184,034.08; surplus from last year, $331,012.48— total surplus as per balance
sheet, $515,046.56.
Since the cJo?e of the fiscal year two additional dividends have been paid, one of 2£ per
cent., September 1, 1886, and one of 3 per cent., March 1, 1887.
Annual meeting in Chicago on the first Tuesday in October. Books close for annual
meeting and for dividend payments ten days prior to either, reopening immediately after divi-
dend payments, and one day after annual meeting. Dividends payable March and September,
at Globe National Bank, Boston, Mass. Stock must be owned prior to closing of books, to
entitle holder to vote. Capital stock, sinking fund, consols and income bonds listed on
New York Stock Exchange.
372
POOR'S MANUAL — CHICAGO AND EASTERNN ILLINOIS RR. CO.
Statement of operations, capital account, etc., for eight years:
1879t
80t
1881;
1882*
1883*
1884*
1885*
1886*
Miles of Road
152.00
28
6
8
1,323
183.532
472,637
961,612
93,968
3,612,690
597,222
69,326,762
$
108,019
668,381
55,499
152.00
42
10
10
1,927
188,348
473,364
1,000,088
146.218
5,696,771
749,340
88,268,177
$
139,133
816.458
65,203
213.50
51
10
10
2.847
233,738
675,161
1,382,065
218.464
6.189,063
1,237.789
110452,329
$
i62,ias
1,061,166
65,939
244.58
56
15
11
3,057
377,470
790.912
1.767,093
430,646
10,960,051
1,666,357
141,016,356
8
272,512
1,337,557
62,198
244.58
56
17
11
3,326
441,119
802,698
1,793,869
496,451
11,754,778
1,917,198
164,202063
$
281,847
1,394,580
82,705
246.21
56
20
11
3,780
480,084
715,7'80
1,589,687
718,846
12,790.354
1 ,174,943
145,110,749
8
284,668
1,165,553
110,100
246.21
56
22
11
3,700
480,475
778,888
1,617,350
799,174
13.442,547
1,342,346
163,819-163
1
282,365
1,213,118
104,630
246.21
60
31
9
4,103
574,498
791.725
1,774,120
1,070,524
16,629,125
1,423.808
183.191.367
I
315.282
1.302,138
107,144
Locomotives
Passenger Cars. . ,
Baggage, Mail, etc., Cars. . .
Freight Cars
Passenger Train Miles.. ..
Kreight Train Miles
Total Train Mile*
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles. . .
Passenger Earnings
Freight Earnings.
Other Earnings
Total Earnings
831,899
540,246
1,020,794
642,665
1,289,238
824,839
1,692,267
1,029,182
1,759,132
988,941
1,560,321
897,362
1,600,143
955,545
1,724.564
1,011,557
Expenses and Taxes
Net Earnings
291,653
378,129
464,399
663,085
770,191
662,959
644,598
713,007
98,824
Other Receipts
Available Revenue
Rentals ....
291.653
68,772
174,607
378,129
74,085
179,505
464,399
126,388
204,865
663.085
169,195
227,088
(3) 89,931
770,191
199,668
.263,774
662,959
188,750
263,781
644,598
212,427
301,410
811.831
211.512
336,690
(2J) 75,000
4,595
184,034
7,004 45
4,108 51
2,895 94
58. 66 p. c.
1.90 C.
0.71 C.
$
3,000,000
6.000.000
173,024
208,256
30.027
515,046
Interest. . ..
Dividends
Other Payments
18,243
106,296
6,715 75
4,228 06
1,487 69
62.95 p. c.
2.44 c.
0.92 C.
$
333,054
3,714,329
(.259,340 -j
204,957
17,680
159,191
6,816 37
4,145 41
2,670 96
60.81 p. c.
2.48 C.
0.95 c.
$
2,998,268
4,267,811
356,782
20,697
20,824
439,443
13,863
292,886
7,233 35
4.043 43
3,189 92
54. 13 p. c.
2.39 c.
0.85 c.
$
2,998,268
4,208,811
662,689
47,749
29,464
732,329
21,287
189,141
6,337 36
3.614 70
2.692 66
57.51 p. c.
2.23 c.
0.80 c.
$
3,000,000
6,000.000
942,619
18,271
9,384
904,002
27.780
102.981
6,499 (i9
3.881 01
2,618 08
59.72 p. c.
2.10 C.
0.74.C.
$
3,000,000
6,000,000
211,558
182,431
41.972
331,012
Balance, Surplus
48,174
5,473 02
3,483 57
1.989 45
63.64 p. c.
2.99 c.
0.96 c,
f
333,054
3,714,329
209,862
78,140
133,146
6,033 90
3,813 41
2,170 49
63.98 p. c.
2.62 c.
0.91 c.
$
2,998,281
4,017,611
369,798
64,488
3,623
280,253
Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per M...
Av. Rate per Ton pur Mile .
Capital Stock
Funded Debt
Bills and Accounts
Current Accounts
Other Liabilities
Profit and Loss ....
98,661
Total Liabilities
4,434,046
4,030,856
310,000
31,368
5,896
as,o4i
22,885
4,511,680
4,136,348
75,000
127,408
(.172924 J
7,734.054
7,099,792
165,000
67.060
47,499
211,041
143,662
8,103,825
7,512,722
8,739,310
8,249,575
10,874,276
8,723,122
1,500,000
78,503
407,797
104.266
60,588
9,766,973
9,006,241
479,468
83,688
46,981
88,3*3
62,212
9,926,354
9,385,243
235,956
66,260
70.437
104.059
64,399
Road and Equipment
Securities Owned
Materials, etc....
74,332
371,132
96,141
49,498
83,311
179,786
120.933
105,705
Other Assets
Current Accounts
Cash and Balances
Total Assets.
4,434,046
4,511,680
7,734,054
8,103,825
8,739,310
10,874,276
9,766,973
9,926,354
* Year ending; June 30. t Year ending August 31. % 10 months ending June 30.
General Balance Sheet, June 30, 1886.
Cost of Road and Equipment $9,385,243 28
Materials and Fuel 66,259 78
Cash and Balances 64.399 07
Due from Agents and Companies. ...... 104,059 14
First Consols on Hand 200,000 00
Sundry other Securities 35,956 18
Bills and Sundry Assets 17,924 63
Sinking Fund Account 52,511 84
Total Assets $9,926,353 92
Statement of funded debt, June 30, 1886 :
Capital Stock $3,000,000 00
Funded Debt 6,000,000 00
Bills Payable 115,000 00
Coupons Unpaid 16,887 00
Dividends Unpaid on Stock & Inc. Bonds... 2.426 00
Current Accounts 246.967 07
Miscellaneous Liabilities . 30,027 29
Balance to Credit Income Account. /. 515,046 56
Total Liabilities $9,926,353 92
Description.
Property Mortgaged.
Date of Bonds.
Interest.
Amount of Bonds.
Termini.
L'g'h.
Issued.
Maturity.
When
Payable.
Rate.
Author-
ized.
Out-
standing.
IstM. Skg.fnndcy.
Income and Scrip..
IstM.D.&G.C.RR.
1st Mtge. Exten. C.
&E. I. RR
1st Consol. Mtge. .
See below
M.
Sep. 1, 1877
Dec. 1, 1877
May 1, 1880
Dec. 1, 1881
June 2, 1884
Dec. 1, 1907
Dec. 1, 1907
May 1, 1920
Dec. 1, 1931
Oct. 1, 1934
June & Dec.
See below.
May & March
June <fc Dec.
April & Oct.
p. c.
6
' 6 "
6
6
$
3,000,000 00
1,000,000 00
250,000 00
250,000 00
6,000,000 00
$
3,000,000 00
74,000 00
1 £8,000 00
193,000 00
2,575,000 00
See below
Danv. toWestv'le
G.Cr'ktoS'eGrv.
See below
7.0
15.4
POOR'S MANUAL OF RAILROADS. 373
The first mortgage bonds are a first lien on all the property of the Chicago and Eastern
Illinois RK. Co., wherever situated, both in Illinois and Indiana, together with all its equip-
ment, appurtenances, franchises and income. Bonds may be registered at office of the Central
Trust Co., New York. Provision was made for the accumulation, after 1885, of a sinking
fund of $20,000 per year for the redemption of these bonds. Denominations, $100, $500,
$1,000. The income bonds are a lien upon the net income of the C. & E. I. RR. Co., and are
a second mortgage on all the property ; interest limited to 7 per cent, and non-cunmlativp.
Denominations, $100, $500, $1,000. The new consolidated mortgage bonds are a lien on &]}
property of whatever description. They are $1,000 bonds, principal and interest payable in
gold. Of the amount authorized, $4,500,000 were deposited with Central Trust Co. to retire
prior lien bonds. First mortgage sinking fund bonds carry voting privilege.
Trustees of consols, Central Trust Co., New York ; 1st sinking funds and Danville &
Grape Creek bonds, George H. Ball, Boston, Muss. ; extension bonds, George H. Ball, Boston,
Mass., and Thomas B. Eaton, Worcester, Mass. ; incomes, George R. Blagden, New York, N. Y.
Interest payable on 1st mortgage sinking fund bonds at 4th National Bank, New York,
or Globe National Bank, Boston ; on extension bonds at 4th National Bank, New York ; on
incomes at Central Trust Co., New York ; on Danville & Grape Creek bonds at Globe National
Bank, Boston ; on consols at Central Trust Co., New York, or Globe National Bunk, Boston.
Exchanges of old bonds for consols may be made at Globe National Bank, Boston, or at the
Central Trust Co., New York.
By the terms of the lease the C. & E. 111. RR. Co. guarantees the interest on the bonds of
the E., T. H. & C. Ry. ($1,250,000) and of the Indiana^Block Coal RR. ($150,000). Total, $1,-
400,000. Annual charge, $85,500.
RAILROADS LEASED BY THE CHICAGO AND EASTERN ILLINOIS RR. Co.
EVANSVILLE, TERRE HAUTE AND CHICAGO RAILWAY.-Danville, 111., to Terre
Hante, Ind., 55 miles. Chartered June 2, 1869 ; opened December 13, 1871. Leased to Chicago and Eastern Illi-
nois RR. Co. for 999 years from May 1, 1880 ; rental, $75,000 per annum. The interest on income bonds, $6,000, is
also payable by the lessee, making the annual rental $81,000. The floating debt of the company having been paid
off in full, there is now $7,500 of the rental applied each year to the purchase of 1st and 3d mortgage bonds, for the
sinking fund ; of the 1st mortgage, $18,000, and of the 2d, $11.000 have been so retired. Common stock, 8482,800 ;
preferred, $99,000 : funded dent, 1st mortgage 6 per cent, gold 30-year bonds, due May 1, 1900, interest May and
November, §775.000, and 2d mortgage 6 per cent, gold 30- year bonds, due July 1, 1903, interest January and July,
$325,000 ; income (i per cent, bonds, dated November 1, 1881, interest May and November, $150,000— total, $1,831,-
800. Interest on all bonds payable at office of Farmers' Loan and Trust Co., New York. JOSEPHUS COI.LETT,
President ; James H. Turner, Secretary, Terre Haute, Ind.
INDIANA BLOCK COAL RAILROAD.-Terre Haute, Ind., to Brazil, Ind., 12.72 mile?. Chartered
April 17, 1878 ; road opened January 1, 1879. Leased to the C. & E. 111. RR. Co. ; rental, $12,500 a year minimum.
Capital stock, $75.000; 1st mortgage 7 per cent, sinking fund bonds, dated July 1, 1878, interest payable in New
York, January and July, $150,000. Amount annually applicable to the purchase of bonds for sinking fund, gl,500;
$10,000 of the bonds have been so retired. JOSEPHUS COU.ETT, President; James H. Turner, Secretary, Terre
Haute, Ind.
STRAWN AND INDIANA STATE LINE RAILROAD. -Cissna Park to Wellington, 111.,
11.36 miles. Chartered August 11, 1880 : road opened January 1. 1882. The company was assisted in constructing
the road by the Chicago and Eastern Illinois RR. Co., which has operated it since its completion. J. B. WILSON,
President, Wellington, 111.; William Hill, Secretary, Chicago, 111.
Board of Directors, Chicago and Eastern Illinois RR. Co,
Until October, 1887.
H. H. Hollister .... New York, N. Y.
David Dows, Jr . . .New York. N. Y.
Jos. G. English Danville, 111.
Until October, 1888.
A. R. Flower New York, N. Y.
Ogden Mills New York, N. Y.
O. S. Lyford Chicago, 111.
Until October, 18S9.
H. H. Stevens ... Boston, Mass.
Geo. II. Ball Worcester, Mass.
R. M. Hoe New York, N. Y.
Executive Committee. — H. H. Hollister, Jos. G. English, Geo. H. Ball, R. M. Hoe, H. H.
Stevens, ex officio.
RICHARD M. HOE, President New York, N. Y.
Vice-President— Horace II. Stevens Boston, Mass. Treasurer— 3. C. Calhonn Chicago, 111.
Secretary and Aud.—ll. A. Rubidge Chicago, 111. General Manager— O. S. Lyford Chicago, 111.
PRINCIPAL OFFICE 166 Dearborn Street, Chicago, 111.
Metropolitan Registry and Transfer Office Central Trust Co., New York, N. Y.
CHICAGO AND GRAND TRUNK RAILWAY COMPANY.
Line of Koad.— Port Huron, Mich., to 26th St. Chicago, 111 330.5 miles.
Sidings, 66.55 miles. Gauge, 4 ft. 8£ in. Rail— iron, 56 ; steel (327 miles), 60, 65, 67 Ibs.
In addition to the line as above, the company uses 4.5 miles of the^Chicago and Western
374: POOR'S MANUAL OF RAILROADS.
Indiana RR., between 49th Street and Polk Street in Chicago, and 4 miles of the Grand Trunk
Junction Ry. in the same city, making the total length operated 339 miles.
History. — The Chicago and Grand Trunk Railway, as now constituted, is a consolida-
tion of various lines of railroad between Port Huron and Chicago. The line is controlled by
and operated in the interest of the Grand Trcnk Ry. Co. of Canada, and forms the Chicago
extension of that company's system. The complete history of its organization and progress
of construction is given in MANUAL for 1885, page 583.
Rolling Stock. — Locomotive engines, 128. Cars — passenger, 24 ; baggage, mail, etc.,
13 ; freight (box, 623 ; stock, 215 ; platform, 225 ; coal, 50), 1,113 ; caboose, 63 ; others, 10—
total, 1,223.
Operations for year ending December 31, 1886. — Train mileage — passenger, 910,732 ;
freight, 1,869,575; mixed, 50,122— total, 2,830,429 miles. Passengers carried, 546,809; car-
ried one mile, 50,737,260 ; average fare, 1.57 cents. Tons freight moved, 1,375,851 ; moved
one mile, 354,543,960 ; average rate, 0.62 cent.
Earnings.— Passenger $797,86062
Freight 2,200,990 00
Mail and Express 40,350 74
Miscellaneous 2,207 14
Total ($8,971.71 per mile) $3,041,408 50
Expense*.— Maintenance Way $£35,133 61
Motive Power and Cars 927,035 01
Transportation 1,046,897 59
General 46,393 06
Total ($6,950.03 per mile) $2,356,059 27
Net earnings (22.53 per cent.), $685,349.23. Payments : Rentals leased lines, $105,408 ;
interest on funded debt, $470,409.79 ; on floating debt, $109,531.44— total, $685,349.23.
General Balance Sheet, December 31, 1886.
Cost of Road, etc $18,675,801 46
Securities on Hand 173,784 00
Materials and Fuel 175,184 52
Other Assets 114,590 63
Current Accounts 285,058 53
Cash on Hand 154,720 90
Total Assets $19,579,140 04
Capital Stock (par, $100) $6.600,000 00
Funded Debt 12,000,000 00
Current Accounts 594,129 68
Interest on Bonds, due Jan. 1, 1887 256,976 64
Wages for December, paid Jan. 1, 1887. . . 126,458 72
Bills Payable 1,575 00
Total Liabilities. . . $19,579,140 04
Funded debt consists of $6,000,000 1st mortgage 6 per ceut. coupon and registered ($500
and $1,000 ; £100, £500 and £1,000) bonds, dated April 7, 1880, due January 1, 1900, interest
payable January and July ; and $6,000,000 3d mortgage 5 per cent. 40-year coupon bonds
($500 and $1,000) due Jan. 1, 1922, interest payable January and July. Interest payable on
currency bonds, New York ; sterling bonds, London.
Annual meeting second Wednesday in March. Registrar of stock, Charles Percy. Trans-
fer Agents : Charles Percy, Detroit, Michigan, and E. P. Beach, New York, N. Y.
Directors (elected March 9, 1887). — J. Hickson, L. J. Seargeant, Montreal, Qne.; E. W.
Meddaugh, Jas. McMillan, W. J. Spicer, Detroit, Mich.; W. S. Shepard, Bath, N. Y.; W. C.
Beardsley, Auburn, N. Y.; F. A. Howe, J. H. Whitman, J. McCaffery, A. H. Doltou, W.
Munro, Chicago, 111.; R. Wright, Montreal, Que. ; DeF. Skinner, Valparaiso, Ind.; W. T.
Mitchell, Port Huron, Mich.
JOSEPH HICKSON, President Montreal, Que.
L. J. Seargeant, Vice-President Montreal, Que.
Secretary— Charles Percy Detroit, Mich. | General Manager— W. J. Spicer Detroit, Mich.
Treasurer— James H. Muir Detroit, Mich.
PEINCIPAL OFFICES Detroit, Mich., and Chicago, 111.
CHICAGO AND INDIANA COAL RAILWAY COMPANY.
Tin mf Rnid _.i B™ail, Ind., to Fair Oaks, Ind 118.75
\ Fair Oaks, lud., to La Crosse, Ind 26.52—145.27 miles.
Sidings, etc., 22.89 miles. Gauge, 4 ft. 8| in. Rail (steel, 133.16 miles), 52 to 65 Ibs.
History. — The Chicago and Great Southern Ry. Co. was a consolidation, March 10. 1883>
of the Chicago and Great Southern RR. Co., chartered March 8, 1880, to build a railroad
within the State of Indiana, from Lake Michigan to the block coal fields at Brazil, aiid the
POOR S MANUAL— CHICAGO AND INDIANA COAL BY. CO.
375
Chicago and Block Coal RR. Co., organized in 1879 and acquired the Indiana North and
South RR.., frorn Attica to Veedersburg, 19.75 miles, which was sold under foreclosure
April 9, 1879. The road was opened from Fair Oaks to Yeddo, 76 miles, in 1883. Placed in
the hands of a receiver in 1884, and sold under foreclosure March 27, 1886, the purchasers
reorganizing under the title of The Indiana Ry. Co. Meanwhile the construction of the ex-
tension south from Yeddo to the Brazil coal fields had been carried on by the Chicago and
Indiana Coal Ry. Co., and was completed about April 1, 1886. The consolidation of the
Chicago and Indiana Coal and The Indiana Ry. Cos. under the title of the Chicago and Indiana
Coal Ry. Co. was effected April 14, 1886, and the road was opened through between Fair Oaks
and Brazil, 118 miles, May 24, 1886. The extension from Fair Oaks to La Crosse was com-
pleted early in 1887. On May 1, 1887, the company took a lease of that part of the Chicago
and West Michigan Ry. between La Crosse and New Buffalo, Mich., at a rental of !*19,500
per annum.
Rolling Stock, March 31, 1887. — Locomotive engines, 22. Cars— passenger, 6; baggage,
mail and express, 4 ; freight (box, 200 ; stock, 75 ; platform, 75; coal, 1,900 ; caboose, 10),
2,250 ; other cars, 5 — total cars, 2,275.
Operations for 9 months ending March 31, 1887. — Train mileage and traffic not reported.
Earnings— passenger, $18,106.99 ; freight, $188,403.35 ; mail, $3,967.48 ; express, $1,585.21;
other, $19,461.62— total, $231,524.65. Expenses— transportation, $73,120.07 ; motive power,
$8,435.84 ; maintenance of cars, $13,913.63 ; maintenance of way and buildings, $31,466.61;
general, $22,653.06— total, $149,589.21. Net earnings. $81,935.44. Interest and dividends
received, $53,925.40. Available revenue, $135,860.84. Deduct interest ou bonds, $105,-
669.37. Balance, surplus, $30,191.47.
General Balance Sheet, March 31, 1S87.
Cost of Koad $5,592,251 66
Cost of Rolling Stock 873,11037
Real Estate and Buildings 34,684 25
Stocks and Bonds 345,485 00
Materials and Fuel 49,13066
Other Property and Assets 47,724 60
Current Accounts 48,152 95
Cash on Hand... 542,56601
Common Stock ($100 shares) ... $2,197,800 00
Preferred Stock ($100 shares) 1 ,465,200 00
Funded Debt Outstanding 3,689,000 00
Current Accounts 109,501 53
Accrued Interest 41,412 50
ProfltandLoes 30,19147
Total Assets $7,533, !05 50 Total Liabilities $7,533,105 50
Funded debt consists of first mortgage 5 per cent. 50-year $1,000 coupon bonds, due Jan.
1, 1936, interest payable January and July, secured on entire property of company, issue
limited to $18,000 per mile of single track and $7,000 per mile for equipment, with provision
for a further issue of $8,000 per mile for double track when it becomes necessary. Trustees,
Metropolitan Trust Co. of New York, N. Y., and R. B. F. Peirce, Crawfordsville, Ind. Inter-
est payable at the Metropolitan Trust Co., New York.
Capital stock authorized— common, $6,000,000; preferred, $4,000,000. Preferred stock is
entitled to 6 per cent, per annum, non-cumulative, all other dividends to be on common.
Registrar : Metropolitan Trust Co., New York.
Annual meeting, first Thursday after the first Wednesday in June. Transfer books
close ten days prior to annual meeting, and stock owned then may be voted. Books will
close for dividends as ordered by directors. Stock and bonds listed on the New York Stock
Exchange.
Directors (elected April 14, 1886).— H. H. Porter, George C. Kimball, Edward F. Law-
rence, C. W. Hillard, Robert H. Law, H. A. Gardner, Charles P. Coffin, Chicago, 111.;
Henry Seibert, R. P. Flower, Benjamin Brewster, H. R. Bishop, New York, N. Y.
H. H. PORTER, President First National Bank Building,.Chicago, III.
George C. Kimball, Vice- President and General Manager Chicago, 111.
Secretary and Treasurer— C. W. Hillard.. Chicago, 111. | Auditor— J. H. Kingwill Chicago, 111.
PRINCIPAL, OFFICE AND ADDRESS Chicago, 111.
Transfer Agency Metropolitan Trust Co., New York, N. Y.
376
POOR S MANUAL OF RAILROADS.
CHICAGO AND IOWA RAILROAD COMPANY.
Main Line of Road. — Aurora. 111., to Forreston, 111 80.50 miles.
Leased : Chicago, Rockford and Northern R1L: Flagg Centre to Rockford 24.00 miles.
Total length of lines operated 104.50 mile?.
Sidings, etc., 18.28 miles. Gauge, 4 ft. 8^ in. Rail (steel, 104 miles), 52 and 56 Ibs.
History.— Consolidation, June 1, 1870, of the Ogle and Carroll County RR. Co. (chartered
February 15, 1857 ; charter amended in 1859), and the Chicago and Iowa RR. Co. chartered
March, 30, 1869. Main line put in operation in May, 1872. The Chicago, Rockford and
Northern RK. Co. was chartered in November, 1874 ; road opened in August, 1875 ; leased
to the Chicago and Iowa RR. Co. for 30 years at a rental of 25 per cent, of its gross earnings
The road was in the hands of a receiver from August 1, 1877, to July 1, 1882, when it was
turned over to the present company. During 1882 the Chicago, Burlington and Quincy RR.
Co. acquired control of this road and its leased line.
Boiling Stock. — Locomotive engines, 18. Cars — passenger, 6 ; baggage and mail, 5 ; ca-
boose, 9 ; freight (box, 106 ; stock, 43 ; coal, 50), 199 ; other, 1— total, 220.
Operations for year ending June 30, 1886. — Train mileage — passenger, 187,549 ; freight
262,956 — total, 450,505 miles. Passengers carried, 207,573 ; carried one mile, 6,547,862.
Tons freight moved, 770,000. Earnings— passenger, $162,741.07 ; freight, $317,971.72;
other, $35,882.05— total, $516,594.84. Operating expenses and taxes, $341,610.80. Net earn-
ings, $174,984.04. Payments— interest on bonds, $172,000. Balance, surplus, $2,984.04 ;
surplus from last year, $342,736.16— total, $345,270.20. Paid for additional equipment, $1,-
981.20. Balance, surplus, $343,289.00.
Statement of earnings and expenses for eight years :
104 Miles.
1879
1880
1881
1882
1883
1884
1885
1886
Gross Earnings
$524,373
$567,835
$563,055
$525,071
$565,877
$552,080
$491 046
$516 595
Expenses and Taxes
328,462
219,452
319,241
436,762
360,472
363321
292 484
341 611
Net Earnings.
195,911
348,383
243,814
a3,309
205,405
188,759
198 562
174 984
Earnings per Mile
5,042 05
5,469
5,413 98
5,048 76
5,415 09
5308 46
4 699 01
4 !)(>7 26
Expenses per Mile. . ...
3,158 29
2,038
2,979 06
4,199 64
3.449 49
3 493 47
2 798 89
3 284 72
Profits per Mile
1,883 76
3,431
2,434 92
849 12
1.965 60
1,814 99
1 900 12
1 (!82 54
Expenses to Earnings
62.64 p. C.
37.27 p. c.
55.02 p. c.
83. 18 p. c.
63. 70 p. c.
65.81 p. c.
59.56 p. c.
66. 13 p. c.
Financial Statement, June 30, 1886.— Capital stock, $1,428,000 ; funded debt, $2,150,-
000 ; vouchers and accounts, $29,077.95 ; interest due, $46,000 ; profit and loss, $250,035.73 ;
income balance, $122,307.55— total, $4,025,421 23. Per contra: Cost of road, $3,635,291.73 ;
equipment, $286,424.56 ; real estate, etc., $18,893 ; prospecting new line, $1,464.41 ; current
accounts. $19,651.08; cash, $63,696.45— total, $4,025,421.23.
Funded debt consisted June 30, 1886, of —
1st mortgage Chicago and Iowa RR. 8 per cent. 30-year bonds, due April 1, 1900, interest Jan. and July. . $000,000
2d mortgage Chicago and Iowa RR. 8 per cent. 30-year bonds, due July 1, 1901, interest Jan. and July. .1,150,000
1st mtg. Chicago, Rockford and Northern RR. 8 p. c. 20-year bonds, due" July 1, 1895, int. April and Oct. . 250.000
2d mtg. Chicago, Rockford and Northern RR. 8 p. c. 20-year bonds, due Oct. 1, 1895, int. April and Oct. . 160,000
CHICAGO, ROCKFORD AND NORTHERN RAILROAD. -Flagg Centre, 111., to Rockford.
111., 24 miles ; total track (steel, 22), 31.90 miles. Road opened in August, 1875, and nominally leased to the Chi-
cago and Iowa RR. Co., for 30 years, at an annual rental equal to 25 per cent, of grost- earning*. Its capital stock
is $100,000 ; funded debt, $400,000, and cost $500,001), all of which is included in the balance sheet of the C. & I.
RR. Co. The road is now owned by the C., B. & Q. RR. Co.
Board of Directors G. & I. RR. Co., elected March 2, 1887.
F.H.Head Chicago, 111. L. O. Goddard Chicago, 111. J. L. Lathrop, . . ...Chicago. 111.
C. L. Allen Chicago, 111. H.W.Weiss Chicago, 111. T. J. Potter Chicago, 111.
Joseph Reining Aurora, 111.
F. H. HEAD, President Chicago, III.
T. J. Potter, Vice-President and General Manager Chicago, III.
Secretary— L. O. Goddard Chicago, 111. Auditor— M. L. Ettinger Rochelle, 111.
Treasurer— J . C. Peasley Chicago, 111. General Solicitor— Wirt Dexter Chicago, 111 .
PRINCIPAL OFFICE AND ADDRESS C., B. & Q. RR. Co.'s Office, Chicago, 111.
POORS MANUAL OP RAILROADS.
377
CHICAGO AND NORTHWESTERN RAILWAY COMPANY.
Main Line of Road. — Chicago, II],, to East Omaha, la 492.00 mi'es.
Other Divisions and Branches 8,456.71 miles.
Total length of lines operated, May 31, 1886 3,948.71 mile?.
Sidings, etc., about 519 miles. Gauge, 4 ft. 8£ in. Rail (steel, 3,344.64 miles), 5G Ibs.
During the past fiscal year the company completed the Northern Illinois Ry., from Bel-
videre to Spring Valley, 111., 77 miles, and built a branch of the Dakota Central Ry., from
Centreville to Yankton, 28.4 miles, an addition of 105.4 miles. About 3 miles of terminal
track were also constructed at La Crosse, Wig., to reach which point the track of the Green
Bay, Winona & St. Paul had previously been used.
Statement of mileage, as operated by divisions :
WISCONSIN DIVISION :
Chicago, 111., to Fort Howard, Wis ..242.20
Appleton, Wis. , to Mills 3.63
Jamesville, Wis., to Afton, Wis ... 6.10
Chicago Cut-off (connecting line) . . . 5.20
Chicago, 111., to Milwaukee, Wis 85.00
Kenosha, Wis., to Rockford, 111 72.10
Milwaukee, Wis., to Fond du Lac
Wis 62.63
Sheboygan, Wis., to Princeton, Wis. 78.40—555.26 m.
GALENA DIVISION :
Chicago, 111., to Miss. Riv. opposite
Clinton, la 137.00
.. f Chicago, 111., to Freeport, 111. ... 121.00
$ Elgin. 111., to Lake Geneva, III.. 45.04
•g J St. Charles, III., to Aurora, 111... 11.80
O 1 Cortland, 111., to Sycamore, 111.. . 4.64
s. I Belvidere, 111., to Sp'g Valley, 111 77.00
w [ Chicago South Branch Track. . . . 4.50--400.98 m.
IOWA DIVISION :
Mississippi River Bridge 1.10
Clinton la., to Mo. Riv. op. Omaha. 352.90
Clinton, la., to Slate Quarry beyond
Annmpsa 73.57
Des Moines, la., to jc. n. Jewell Jc. . 57.34
Boone, la., to Coal Banks. ... 3.25
Maple Riv. Jc., la., to Mapleton, la.. 60.15
Wall Lake, la., to Kingsley, la 70.87
Stanwood, la., to Tiptou, la 8.50
Carroll, la., to Kirkman, la 34.81
June. n. Manning, to Audubon, la... 17.00
Belle Plaine to Coal Mines, la 64.00—743.49 m.
NORTHERN IOWA DIVISION :
Tama, la., to Elmore, Minn 164.56
Eagle Grove, la., to Dakota Line . . . .145.20
Jewell June., la., to Lake City, la. . . 58.30
Jewell Jc., la., to jc. D. M. & M. RR. 1.75—369.81 m.
MADISON DIVISION :
Belvidere, 111., to Madison, Wis 68.90
Madison, Wis., to Winona Jc., Wig. .129.10
Winona Jc., Wis., to Winona. Minn. 29.00
Galena, III., to Woodman, Wis 76.84
Platteville June., to Platteville, Wis. 4.00
Junction to Lancaster, Wis 12.04
Mil'kee, Wis., to Montfort, Wis 140.88
Trempeleau, Wis., to Galesv'e, Wis. 6.71
Wis. Val. June, to Necedah, Wis. . .-. 16.06—483.33 m.
PENINSULA DIVISION :
Fort Howard, Wis., Michigan Line. . . 49.45
State Line to Lake Ang'e Mine, Mich. 132.65
Branches to Mines : (Old Pen. D.) 39.80
Powers to Crystal Falls, Mich 58.77
Iron River, Wis., to Stager, Mich 19.50
Branches to Min^g ; (Men. R. Ry) . . . 32.91
Narenta to Metropolitan, Mich 34.86
Branches to Mines: (E. & L. S. Br.). 8.44—376.38 m.
WINONA AND ST. PETER RR. DIVISION :
Winona, Minn., to Dakota Line 288.50
State Line to Watertown, Dak 34.48
Eyota. Minn., to Plainview, Minn.. . 15.01
Eyota. Minn., to Chatfleld, Minn 11.46
Ro'ster, Minn., to Zamprota, Minn.. 24.48
Mankato June., to Mankato, Minn . . . 3.75
Sleepy Eye, Minn., to Redwood
Falls, Minn 24.40
Tracy, Minn., to Dakota Line 46.40— 448.48 m.
DAKOTA DIVISION :
Minnesota State Line to Pierre, Dak. 209.11
Huron, Dak., to Columbia, Dak 92.95
Watertown, Dak., to Redfleld, Dak. . 71.00
Watert'n Jc., Dak., to Watert'n, Dak. 43.83
Iroquois, Dak., to Iowa Line near
Hawarden l-?5.49
Centreville, Dak., to Yankton, Dak. . 28.40—570.78 m.
Total length of all lines operated, May
31, 1886 3.948.71 m.
Average length of lines operated in 1886 .3,891.45 m.
History. — The original Chicago and Northwestern Ry. Co. was organized in 1859 as suc-
cessor to the Chicago, St. Paul and Fond du Lac RR. Co. Its completed mileage at the time
was 176.80 miles. At the close of the fiscal year 1883-84, its total mileage had increased to
3,763.25, of which 1,718.45 miles comprised the Chicago and Northwestern Ry. proper, 1,499.-
84 miles were held through a proprietary interest in their respective companies, and 544.96
miles were held under perpetual lease. This increase had been effected partly by the absorp-
tion of numerous small companies, whose lines, completed or under way, were contiguous or
tributary to this company's road, but chiefly through the medium of companies organized
specially in its interest for the purpose of building such extensions, the Chicago and North-
western Ry. Co. supplying all the means therefor, and holding all the stock and bonds of the
several companies. In 1881 the company began a system of absorption of the^e proprietary
companies, and in furtherance of this it consolidated with itself during the fiscal year 1884-
85 the Iowa Midland, the Stanwood and Tipton, the Des Moines and Minneapolis, the
Ottumwa, Cedar Falls and St. Paul (new road, 64 miles, built in 1884-85), and the Iowa and
Southwestern RR. Companies. In the same year it purchased the leased lines in Iowa, the
Chicago, Iowa and Nebraska, Cedar Rapids and Missouri River, and Maple River RRs., in-
378
POOR S MANUAL— CHICAGO AND NORTHWESTERN RY. CO.
creasing its share capital for that purpose by the issue of $14,757,500 common stock, $5,874,-
300 of which was issued share for share for the stock of the first named company, $2,032,"
800 in like manner for that of the Maple River Co., and $0,850,400 for the stock of the
Cedar Rapids and Missouri River, at the rate of one share of Northwestern for 1£ shares
Cedar Rapids and Missouri River stock. The Maple River RR. Co. was organized June 10,
1876; main line opened November, 1877; Sac City branch completed November, 1879.
Xeased from completion to the Chicago and Northwestern, and purchased by that company
as above.
The company also purchased the entire capital stock of the Fremont, Elkhorn, and Mis-
souri Valley RR. Co., $1,968,000 5 per cent, debenture bonds for that purpose, and a controll-
ing interest in the Sioux City and Pacific RR. Those lines are operated independently.
In November, 1882, the company purchased a majority of the stock of the Chicago, St.
Paul, Minneapolis and Omaha Ry. Co. (which see), the price paid being $10,503,959.90, part
of which was provided for by an issue of $10,000,000 5 per cent. 50-year debenture bonds,
the balance being derived from sale of common stock. These debenture bonds are provided
-with a sinking fund of $200,000 per annum after 1888, and are further secured by an agree-
ment of the company to create no additional mortgage debt, excepting for the extension or
improvement of its property, without making provision to give to the holders of bonds of this
issue equal security with any additional bonds secured on the same property. (For full
historical sketch of the Chicago and Northwestern Ry. Co. see MANUAL for 1885, pp. 656 to
658.)
Boiling Stock, May 31, 1886. — Locomotive engines, 698. Cars — 1st class passenger, 258 !
3d class, 26 ; parlor, 11 ; dining, 9 ; combination, 39 ; baggage and express, 109 ; mail, 26 ;
officers', 7 ; boarding, 18 ; caboose, 395 ; freight (box, 11,459 ; gondola, 950 ; platform, 2,197 ;
stock, 1,914; refrigerator, 117; iron ore, 3,857; milk, 19), 20,513— total, 21,411. Also, 25
dump, 82 ditching, 26 pile-driving and wrecking cars.
Operations for year ending May 31, 1886 (average, 3,891.45 miles). — Trains run (passen-
ger, 5,962,400; freight, 11,044,442), 17,006,842 miles. Engines run, 22,571,327 miles. Cost
per mile run, 18.28 cents. Cars run (pasenger, 27,172,065 ; freight, 219,560,217), 246,732,283
miles. Passengers carried, 9,140,195 ; carried one mile, 239,150,020 ; average mile rate,
2.36 cents. Tons freight moved, 8,494,239 ; moved one mile, 1,466,692,717 ; average mile-
rate, 1.19 cents.
Earnings.— Passenger $5,646,149 59
Freight 17,503,244 43
Express 377,285 29
Mail 480,93482
Other Sources 271,985 61
Expenses.— Maintenance of Way $2,986,954 50
Rolling Stock 2,219,210 80
Transportation 6,850,296 04
General Expenses 1,100,312 47
Taxes 702,452 15
Total ($6,239.22 per mile) $24,279,599 74 Total ($3,561.46 per mile) $13,859,225 96
Net earnings (42.92 per cent.), $10,420,373.78. Charges against net earnings as per
Income Account, $5,594,362.92 ; dividends, $3,444,504. Total payments, $9,038,866.92.
Balance, surplus, carried to profit and loss account, $1,381,506.86.
General Balance 8/teet, May 31, 1886 (3,948.71 miles).
Road and Eqnip't (C. & N. W. Ry. Co.). .$126,901,024 05 | Common Stock and Scrip C. & N. W. Ry. $41.374.865 97
Road and Equip't (Proprietary, etc.) 36,628,824 03 Preferred Stock and Scrip C. & N. W. Ry. x!2.325,454 56
Total Fixed Property 163,529,848
F'iner81L.&T.Co.,Trustee.gl,325,175.00
4.239,175 00
Union Trust Co., Trustee. 2,914,000.00—
Bonds on Hand ..........................
Land Grant Investments ................
Cost of Securities of Proprietary Cos .....
Outside Real Estate in Chicago ..........
Other Investmt nts ...................... 12,282,159 90
Materials and Fuel on Hand ............. 2,000,734 40
Sundry Current Accounts ............... 1,637.944 64
Bills Receivable ........................ 288.336 49
Cash on Hand .......................... 2,932,84774
701,000 00
714,000 00
233,482 24
200.000 00
Stock (Proprietary) 11,280,00000
Funded Debt 90,511. 5(X) 00
Sinking Funds Paid 4,239,175 00
General Cons. Gold Bonds Unsold 37,000 00
Consolidation Coal Co. Notes 125,000 00
Supplies, Materials and May Accounts. . . 1.330,145 13
Coupons, Old Dividends, etc 140.762 37
Interest Accrued, not yet due 703,525 00
Dividends Declared, not yet payable. . . . 1. Ml, 599 50
Current Pay Roll 915,0(K) 62
Rentiil due M. V. & B. Ry. & Br. Co .... 31,043 67
Miscellaneous Items 120.00000
Land Income 3,194.070 88
Income Account, Surplus 11,144,325 79
Total Assets $188,759,528 49 Total Liabilities $188,759,528 49
Of the capital stock of the Chicago and Northwestern Ry. Co., as given in the above
POORS MANUAL— CHICAGO AND NORTHWESTERN RY. CO.
379
balance sheet, $10,007,116.12 common stock and scrip, and $2,284.56 preferred stock and
scrip are held by the company, leaving outstanding $31,867,749.85 of the former, and $22,-
328,170 of the latter.
Income Account, for year endinj May 81, 1886 (3,819.37 m.)
Balance, May 31, 1885, as per annual report. $9,762,818 93
Gross Earnings $24,279,599 74
Expenses and Taxes 13,859,225 96
NetEarninRS 10,420,373 78
Interest on Bonds (net) 5,536,362 92
Sinking Funds Account 58,000 00
Dividends, Preferred Stoch 1,562,610 00
Dividends, Common stock 1,881,89400
Balance of Account 11,144,325 79
Total $20,183,192 71 Total $20,183,192 71
Dividends. — On preferred stock, September and December, 1885, March and June, 1886,
If per cent, each, $1,562,610 ; on common stock, December, 1885, and June, 1886, 3 pe- cent.
each, $1,881,894.
The stocks ($11,230,000) and cost ($36,628, 824.03) of proprietary roads in the above balance
sheet, iu detail, are as follows :
Stocks.
Consolidation Coal Co $200,000 00
Cost.
$216,053 45
Dakota Central Ry 250,000 00 8,189,239 77
Stocks. Cost.
Syc. , Cortl . and Chicago $40,000 00 $40,000 00
la. Ry. C. & Mfg. Co 60,000,00 60,00000
Toledo & N. W. Ry 8,302,500 00 13,844,372 24
Winona and St. Peter RR. . . . 2,300,000 00 12,380,000 00
West. T. L. Co. of la 25,000 00 216,516 77
Freeport and Miss. River Ry. . . 25,000 00 25,858 81
Janesville & Evansville Ry 51583
Maple Valley Ry 10,00000 10,28536
Northern Illinois Ry 15,00000 1,471,12029
Princeton and Western 2,500 00 174,861 51
The bonds outfctanding and secured on these roads are included in general bond state-
ment.
Preferred stock is first entitled to dividend up to 7 per cent. ; common stock then to
same rate ; preferred then to additional dividend up to 3 per cent, (in all 10 per cent.) ; com-
mon stock then entitled to additional dividend up to same rate ; and all surplus in excess of
10 per cent, on both classes of stock to be divided equally.
Statement of funded debt of C. & N. W. Ry. Co., May 31, 1886 :
Date of Bonda.
Property Mortgaged.
Interest.
Description of Bonds.
Amount
Out-
Animal
Iss'd.
Payable.
Road and Location.
L'gth
Rate
Payable.
standing.
Chicago & N. W. By. Co. :
M.
p.C.
s
S
Pr ferre.l Sinking Fund (Unpresented).
General First Mortgage "
1859
1859
Aug. , 885
Aug. , 885
Chicago to Oshkosh
ChicaiotoOshkOBh.. .
193
198
Feb. l-Aug.
Feb. 1 Aug.
2,100
8,900
General Consolidated Gold
1872
Dec. , 902
See below
1.058
June 1-Dec.
12,343000
"864',oio
Menom'nee Extension
1871
June . 911
Ft Howard to Es'ba...
120
June 1-Dec
2,549,600
178,486
Madison Extension
1871
Apr. , 911
Madison to N. LaC....
126
Apr. 1-Oct
2,977,500
208426
Consolidated sinking Fund Currency
1865
Feb. 915
776
F. M., A & N
12.651,000
885 670
Sinking Funds of 1870 6 p. c
1879
Oct. ', 929
'• See below
1,001
\
Apr. 1-Oct.
6, 05,'000
878,8110
Sinking Funds of 1879 5 p. <•
Sinking Fund Debenture of 1983
1879
1883
Oct. , 929
May , 933
See below
i
Apr. 1-Oct.
May l-Nov.
8.155,000
10.000 000
407,760
600.000
Debentures
1884
Nov , 909
See below
May l-N'ov.
3 869 000
193,460
Winona & St. Peter RR. 1st Mortgage
1870-1
Jan. , 887
Win. to St. Peter & br.
'"l37
Jan. 1-July
1,276,000
*9820
Beloit & Madison RR. 1st Mortgage ...
Jan. . 888
Beloit to Madison
46
Jan. 1-July
91 0< 0
6,870
rhiCMgo & Milwaukee Ry 1st Mortgage..
Peninsula RR. of Michigan 1st Mortgage
July , 898
Sept. , 898
Chicago to Milwaukee. .
Es'ba to Negaunec. ...
86
74
Jan. i .inly
Mar. l-Sept.
1,700000
152,OfO
119.W.O
10640
Iowa Midland Ry. 1st Mortgage
Escanaba & L. Sup. Ry 1st Mortgage
1870
1881
Oct. , 900
July . 901
Lyons to Anamosa
Felch Htn. to Es'ba. ..
76
86
Apr. l-Oct.
Jan. l-July
1,350,000
720 COO
108.000
43500
Milwaukee anil Madison Ry. 1st Mortgage
1880
Sept. . 905
Milwaukee to Hadison.
80
Mar. l-Sept.
1.600,000
86.000
Chicago & Toinah RR 1st Mortgage
1880
Nov. . 905
164
Way 1 Nov.
1,628.000
91.680
Wenominee River RR. 1st Mortgage..!!!..
1878
Julv . 906
June, to Qulnnesec
26
Jan. 1-July
400.000
28,000
Menomlnee River extension 1st Mortgage.
1870 July , 906
Qulnnesec to Florence.
17
Jan. l-July
160,000
11.200
Des M. & Minneapolis RR. 1st Mortgage
18821 Feb. , 907
Des Moines to Calanan.
68
Feb. l-Aug.
6COOOO
42,000
Dak. C. Ry. (W. & St. I'.Con.) 1st Mortgage
Dak. C. Ry. (S. E. Dlv.). 1st Mortgage
Roeh. & N. Minn. Ry. 1st Mortgage.. ..
1882 Sept. , 907
1862'NOV. , 907
1878|Sept. . 908
Watertown to Redneld.
Hawarden to Iroquolg
Roch, to Zumbrota
71
125
26
»lar. l-Sept.
May l-Nov.
Mar. l-Sept.
1007,000
S.O"n,<:oo
20H 000
60420
180,000
14 0-0
Plainview RR. 1st Mort-a^e. . .?
1878 Sept. . 908
Eyota to Plainview
16
Mar. l-Sept.
100,000
7.000
Minnesota Valley Ry 1st Mortgage
1878 Oct. , 908
N. Eye to Red. Falls
26
Apr. 1-Oct.
150 0"0
10600
Ottum.. C. F. ft St. 1'. Hv., 1st Mortgage. .
1884 Mar. . 909
Bl. P. to Muchachinock
64
Mar. l-Sept.
1.600.000
80000
Win. & St P. RR (Ex. W D.) 1st Mtge.. .
Northw'n Union Ry. 1st Mortgage .
Chi.. Milw. & N. W. Rv., Construction . .
1871
1872
1882
Dec. . 916
June . 917
NOV. , 905
St. Peter to Watertown
Mllwauk. to F du Lac.
Milwaukee to Montfort
188
6S
141
June 1-Dec.
Mar. l-Sept.
May l-Nov.
4079.600
3 365 000
601 000
285 666
235,560
36060
Cedar Rap & Mo Rv. RR., 1st Dlv. 1st Mtg.
1861
Ausr. . 891
Cedar Rap. to M'h'lst'r.
70
Feb. 1 Aug.
7"". in 0
49000
Cedar Rap. & Mo. Rv. RR.. 2d Div. 1st Mtg.
1863JAug. , 894
Marshalsfn to Molng'a
68
Feb. l-Aug.
683 COO
40,740
Cedar Rap. & Mo.Rv. RR . 3d Div. 1st Mtg.
1866 May , 916
Moingona to Mo. River
14t>
May 1 Nov.
2 332,000
163240
Cedar Rapids & Mo. Rv RR.. 7 p. c. Mtge
Chicago. Iowa & Nebraska Ry. 1st Mtge. . .
Made River RR. 1st Mortgage
1884 June , 9"9:Cedar Rapids to Booue
1862 Aug. 1 , 892;Clln. to C. Rap & Bdg..
1877, Julv . 8971
121
8»
June- 1-Dec.
Feb. 16- Aug. 1
Jau. 1-,,'uly
769,0011
129l'00
402600
53880
MM
28,176
Northern Illinois Rv. 1st Mortgage. ..
Win. & St. Peter RR. 2d Mortgage
1886
1870-1
Men. , 910
Nov. 1907
La Salle to Belvldere. .
Win. to St. I'eter&br..
""75
137
1
Men. l-Sept.
May l-Nov.
1.60000"
1,592.000
76,000
111,440
Total
89,542 000
6,640,960
Live Bonds in Sinking Funds
90,511,600
380
POCK'S MANUAL— CHICAGO AND NORTHWESTEKN EY. CO.
Statement showing rolling, stock, operations, etc., for seven fiscal years :
1880
1881
1882
1883
1884
1885
1886
Locomotive Engines
Cars Classified:
Passenger
Bnggnge, Mail & Express
Caboose
368
185
87
157
7,159
2,957
476
214
113
172
13,115
2,957
558
248
117
244
14,075
3,857
578
296
128
282
14,257
3,857
639
302
147
320
16,243
3,857
672
322
lea
321
16,246
3,857
698
343
135
395
16,656
3,857
Freight •. . .
Iron Ore
Total
10,545
102
16,571
102
18,541
109
18,820
20,869
115
20,899
155
21.386
158
Other Cars
Total
10,674
2,215.83
3,006,812
6,539,164
12,769,560
3,964.798
140,116,884
5,57'4,635
865,909,542
$
3,737,343
12,897,17s
714,228
16,573
2,644.16
3,354.170
7,4S4;il8
15,301,154
4,482,317
164,343,508
6,662,112
980,5->2,774
$
4,158,130
14,414,151
761,791
18.650
3,032.90
3,999.677
9,003,377
18,157,257
6,754,717
205.574.178
8,190,893
1,192,188,039
$
5,171,423
17,525.134
988,099
18,907
3,464.70
4,913,507
9,770,415
20,031.896
7,968,500
248,85i;. ::<>:)
7,874.665
1,183,829,358
$
6,119,616
16,894,352
1,067,866
20,984
3,719.58
5,531,828
10,718,354
21,925,449
8,623,483
256,386,389
8. 453.1194
1,350,173,773
S
6.153,071
17,677.866
1,189,687
21,054
3,819.37
5.839,699
10.711,8 6
21,992,610
8.403.884
231,0510.788
8,235,127
1,416,789,205
S
5,498.111
10,917,394
1,086,551
21.544
3,891.45
5,962.400
11.044.442
22,571.327
9,140,195
239.150,020
W.494.239
1,466,892,717
S
5.646,150
17.5i.i3.244
1,130.206
Miles (aver.) Operated..
Passenger Train Miles. . .
Freight, Train Miles
Total Engine Miles
Passengers
Passenger Miles.
Freight (tons)
Freight (ton) Miles
Passenger Earnings
Freight Earnings. . .
Other Receipts
Gross Earnings
Expenses and Taxes
Net Revenue
17,349,349
8,431,600
19,334,072
10,425,821
23,684,056
12,639,634
24,081,834
14,072,516
25.020,624
15,149,957
23,502,056
13,793,907
24,279,600
13,859.226
8,917,749
1,381,661
3,357,800
98.120
(7) l,50ii,:>6s
(6) 898,953
8,908,351
1,384,732
3,647.897
98,120
(7) 1,515,047
(6) 905,226
11,045,022
1,569,618
3,999.209
98,120
(7J)l,60:>,^o
(6J) 980,818
10,009,318
1,570,948
4,288,633
98,120
(S) 1,781,162
(7) 1,107,377
1,798
1,161,280
6,950 63
4,061 69
2,888 94
58.44 p. c.
$
16,229,916
22,323.190
22.463,400
69,821,000
9,879,667
1,568,704
4,527,235
83,000
(8) 1,785,892
(7) 1,153,578
9,708,149
28,567
5,064,534
58.000
(8) 1,785.858
(7) 2,195,491
10,420,374
Rentals of Leased Lines.
Interest on Bonds, etc..
Sinking Funds
5.536,363
58,000
(7) 1,562,610
(6) 1,881,894
Dividends on Pref. Stock
Dividends on Com. Stock
Other Payments.
Bal., Surplus Revenue..
Gross Earnings per Mile.
Gross Expenses per Mile
Net Revenue per Mile. . .
Expenses to Earnings. .
Common Stock
1,674,647
7,829 73
3,805 17
4,034 56
48.60 p. C.
$
14,988,257
21,525,352
1,357,229
7,311 99
3,942 9(5
3,369 03
53.92 p. c.
$
15,093,488
21,650,7<H3
21,244,650
36,906,000
2,791,437
7.809 24
4,167 50
3,641 74
53.37 p. C.
$
15,095.924
22,153,119
22,883,150
64,248,000
761,258
6.726 73
4,070 61
2.656 12
60.51 p. c.
$
26,617,366
22,325,455
22,550.100
80,891,000
575,699
6,153 39
3,611 57
2,541 62
58.69 p. c.
$
41.374.866
22.325.455
11,220,000
91,460,500
1,381,507
6.239 22
3,561 46
2,677 76
57.08 p. c.
$
41,374.866
22,325.455
11,230,000
90,511,500
Preferred Stock
Proprietary Stock
Funded Debt
36,251,000
269,149
1,824,682
2,402,559
1,747,004
5,988,059
Real Estate (Mtgs. 1880).
Other Liabilities
3,068.044
2,529,390
1,578,027
7,533,987
3,632.342
2.141,310
1,721.444
7,264,582
2,651,668
2,652,618
1,698,802
9,459,427
2,315,000
2,442.860
1.783.818
12,125,795
2,746,000
1,690.680
2,362,543
12,717,064
4,401.175
2,402.249
2,175,887
14,338,396
Bills, Accounts, etc
Coup. & Divs. incl. June
Income Balance
Total Liabilities...
Const'n,etc. (C. &N.W.)
Proprietary RRs
84.995,065
73,3iM,::i5
5,480,880
1,366,183
1,471,701
1,141,710
1,669,795
129,704,369
74,120,342
48,311,242
1,255,096
2,914,044
1,125,780
1,977,865
139,139.871
76,739,550
54,(i79,521
2,291,340
2,386,819
1,282,033
1,760,608
147,210,021
80,420,032
55,61 iS,s;-J
2,526,488
4,638,220
1,245,918
2,710,497
171,051,394
102,710,425
39,486,917
2,205,356
23,491,369
1,192,626
1,964,698
185,897.108
126,853.869
35,539,235
1,808,567
15,997,402
1,890,844
3,807,191
188,759,528
126,901.024
36,62S.S24
2,000,734
18,369.817
1,926.281
2,932,848
Material and Fuel
Assets, S. F'd Sees. etc.
Bills and Accounts..
Cash
Total Property, etc . .
84,996,065
129,704,369
139,139,871
147,210,021
171,051,394
185,897,108
188,759,528
For amount paid annually to leased lines see previous issues of the Manual.
On the 5th of April, 1879, provision was made for an iesue of $15,000,000 50-year bonds,
interest not to exceed 6 per cent., payable April and October ; the bonds to be issued at not
exceeding $15,000 per mile for construction of new branches or feeders. The bonds of this
issue are a direct obligation of the company, and are additionally secured bv deposit of first
mortgage bonds of the roads built, of a corresponding amount and bearing a like rate of in-
terest. The total amount outstanding May 31, 1886, equalled $14,460,000 ($6,305,000 6 per
cents, and $8,155,000 5 per cents) on 1,001 miles of new road— 921 miles at $15, 000 per mile,
and 80 miles at $10,000 per mile. (See previous issues of the MANUAL.)
The consolidated sinking fund bonds are secured by a mortgage lieu on all the different
POORS MANUAL— CHICAGO AND NORTHWESTERN RY. CO.
381
lines of road, and the equipment of the company (except the Milwaukee Division) in Illinois,
Wisconsin, and Michigan, subject to prior liens, as follows : Chicago to Clinton, 137 miles';
Chicngo to Freeport, 121 miles ; Elgin to Richmond, 34.54 miles ; Belvidere to Madison, 68.90
miles ; Chicago to Fort Howard, 242.20 miles ; Escanala to Negaunee, Mich., and Iron Mines,
100 miles ; Kockford to Kenosha, 72.10 miles— total, 775.74 miles. The mortgage trust deed
provides that the company may at any time make further issues for the purpose of exchang-
ing them for such prior liens. The remainder of the bonds provided under this mortgage
($244,000) are reserved to retire the $92,000 Beloit and Madison, and the $152,000 Peninsula
bonds.
The amount of bonds provided for under the general consolidated gold mortgage was
$48,000,000, of which $35,349,000 were to retire outstanding prior lien bonds. See MANUAL
for 1886. The remainder of the issue ($12,651,000) was to be used for the improvement of
the road, etc. These bonds are a mortgage on all the roads, land grants, and other property
of the company, subject to the above mentioned prior liens. A sinking fund of one per cent,
per annum has accrued since June 1, 1874.
The sinking fund debentures of 1933 were issued to provide means for the purchase of a
controlling interest in the Chicago, St. Paul, Minneapolis and Omaha Ry. Co., and are pro-
vided with a sinking fund by which $200,000 are to be purchased and cancelled each year
from and after 1888, whenever bonds can be purchased at or below 105 and accrued in-
terest in any one year. This company guarantees that no increased mortgage debt, except
for improvements, extensions, etc., sliall be created without providing equal security for
these bonds with any additional bonds secured on same property. In case of default for
six months the trustee (Union Trust Company) is empowered to declare the principal due
and enforce payment.
The 5 per cent. 25-year debenture bonds 0/1909 were issued for purchase of capital stock
of the Fremont, Elkhorn and Missouri Valley RR. Co., and for construction and equipment.
The Chicago and Tomah RR. bonds are secured on the. lines Of the Galena and Wisconsin
and Chicago and Tomah RR., aggregating 153. 72 miles, as given on page 658 of last MANUAL.
Statement showing the amount of capital stock outstanding and owned by the company
at the close of each fiscal year and the rates of dividends paid on same from 1861 to 1885
inclusive :
Fisc'l
Year
En's
in —
Capital Stock.
Div. Paid.
Fisc'l
Year
En'g
in—
Capital Stock.
Div. Paid.
Fisc'l
Year
En'g
in—
Capital Stock.
%
Div. Paid.
Comm'n.
Prefer'd.
C'm
Pref.
Comm'n.
Prefer'd.
C'm
Pref.
Com'n.t
Prefer'd.
C'm
Pref.
1861..
1862..
1863..
1864..
1865.
1866.
1867.
1868.
1869.
$
2,893,757
2,953,236
3,731,316
11,990,500
13,160,921
13,174,901
13,234,49(5
14.555.676
14,590, 162
$
'8,436,500
12,994,720
13,019,056
14,789,125
16,356,287
16,659,097
p.c.
*io
5
p.c.
"'si'
^
*10
5
1870
1871
1872
1873
1874
1875
1876
1877
1878
$
14,676,629
14,774,005
14,810,980
14,993,020
14,993.060
14,994,600
15,011,180
15,103,146
15,109,656
$
20,370,203
21,030,313
21,067,663
21,484,063
21,484,113
21,485,653
21,502,233
21,696,335
21,702,845
p.c.
10
10
"si
p.c.
12
10
7
7*
1879
1880
1881
1882
1883
1884
1885
1886
$
15,109,656
15,109,656
15,115,156
15,117,656
16,851,2(56
36,382,466
41,374,866
41,374,866
21,702,845
21,702,845
22,208,345
22,210,845
22,324,455
22,325,455
22,325,455
22,325,455
p.c.
4
6
6
6i
7
7
6
Pt
7
7
P
8
8
7
"s
2*
7
* Stock dividends, t Company owned $10,006,816 in 1884 and 1885, and $10,007,116 in 1886.
Since the close of the fiscal year 1886, the company has made provision for an issue of
$20,000,000 40-year extension bonds, interest not to exceed 5 per cent., the bonds to be issued
from time to time at the average rate of $20,000 per mile, for the construction or acquirement
of new lines of road. The bonds are coupon $1,000, or registered $1,000, $5,000 and $10,-
000 ; coupon bonds exchangeable into registered and registered transferable into other regis-
tered bonds. They are a direct obligation of the company and are additionally secured by
deposit of an equal amount of first mortgage bonds on lines acquired. Up to October 15,
1886, there had been issued $8,190,000 of these bonds bearing 4 per cent, interest and secured
by deposit of $1,540,000 Wyoming Central 5 per cent, bonds, issued on extension to Fort Fet
terman, 77 miles, at $20,000 per mile ; $570,000 Dakota Central 5 per cent, bond?, issued on
382
POOR'S MANUAL — CHICAGO AND NORTHWESTERN RY. CO.
extension of James River Valley Line, from Columbia to Oakes, 38 miles, at $15,000 per
mile ; $360,000 Maple River bonds, issued on extension from Mapleton to Onawa, la., 20
miles, at $18,000 per mile ; $270,000 Toledo and Northwestern bonds, issued on road from
Lake City to a connection with the C. & N. W. in Sac County, 15 miles, at $18.000 per mile ;
$495,000 issued on Redfield extension of Dakota Central, 33 miles, at $15,000 per mile ;
$360,000 issued on Doland Extension of same road, 24 miles, at $15,000 per mile ; $320,000
Janesville and Evansville bonds, issued on 16 miles from Janesville to Evansville, Wis., at
$20,000 per mile, and $2,000,000 Fremont, Elkborn and Missouri Valley consol. 6s, de-
posited with trut-tee under trust deed. Interest is payable February and August ; principal
and interest at New York office. Trustee, Union Trust Co., New York.
Annual meeting, first Thursday in June. Books close about fifteen days prior to
dividend payments, and about thirty days prior to annual meeting. Stock must be held
thirty days to entitle holder to vote. Interest aud dividends are payable at the New York
office. One issue of consol. sinking fund bonds has voting power. Farmers' Loan and Trust
Co. , registrar of stock.
Land Department. — Statement showing the condition of the several grants at the close
of the fiscal year, May 81, 1886 :
NAME OF GRANT.
Uncon-
veyed May
81, 1885.
Acres Deed-
ed During
the Year.
Gains to
Acreage
during the
Year.
Unconveyed May 31, 1886.
Unsold.
Tinder
Contract.
Total.
964,575.53
487,536.0!-
304,908.20
72,917.99
26,730.45
3,393.19
7,109.11*
1,200.00
574,361.86
420,428.42
299,041.39
319,098.08*
40,377.21
2,473.62
893.459.94*
460,805.63
301,515.01
Totals
1,757,019.81
103,041.63
8,309.111
1,293,831.67
361,948.91*
1,655,780.58*
Sales and receipts on account of lands during the year:
Lands Sold
Dur'g the Year.
Receipts During the Year.
Average
price
From De-
Total
NAME OP GRANT.
per
From
ferred
From
From
Receipts.
Lots
Acres.
Acre or
Lot.
Cash
Sales and
Payments
of
Interest
on Credit
Trespass
and
•
Ad. Pay's
Prior
Sales.
Sales.
Stump'ge.
$
$
$
$
$
$
$
Minnesota
59,558.52
348,776 57
9,379 20
5851
6295)
147,287 10
200,925 59
50,423 25
398,635 94
Minnesota ....
149
24,067.66
65,423 95
272
51,003 13
8,766 81
1,72099
112.85107
174,342 00
Wisconsin
4,123.61
15,337 71
372
13,269 50
627 57
16387
24,38650
38,44744
1 714
240,400 46
14025
98.648 03
33,620 20
5,913 Oii
138,187 32
127,537 8J
120 265 49
1,971 88
399 60
122,636 97
Total
1,863
87,749.79
806,855 73
430,473 25
245,918 05
58,620 8C
137,237 57
872,249 67
Amounts unpaid on outstanding contracts May 31, 1886 :
Name of Grant.
Lands.
Lots.
Total.
Minnesota
$897,103 78
69.979 86
$17,520 24
$914,624 02
69,979 86
3.15335
210,701 40
11,043 52
Michigan
Wisconsin
3,15335
Western Town Lot Co
210,701 40
Miscellaneous ...
11,043 52
Total
$981,280 51
8228,221 64
$1,209,502 15
Directors (elected June 3, 1886). — Chauncey M. Depew, Samuel F. Barger, F. W. Van-
derbilt, D. O. Mills, W. K. Vanderbilt, H. McK. Twombly, Percy R. Pyne, M. L. Sykes, A.
G. Dulman, John M. Burke, New York, N. Y.; Wm. L. Scott, Erie, Pa.; Albert. Keep,
POOR'S MANUAL OP RAir.ROAD& 383
Marvin Huglritt, N. K. Fail-bank, Chicago, 111.; Horace Williams, Clinton, la.; David P.
Kimball, Boston, Mass.; John I. Blair, Blairstown, N. J.
ALBERT KEEP, President Chicago, 111.
M. L. Sykes, Vice-President, Secretary and Treasurer New York, N. Y.
Zd V.-P. <k Qen. Mr/r.— Marvin Ilughitt. . . . Chicago, 111. I Auditor <t Aest. Sec — J. B. Redfleld Chicago, 111
Comptroller— M . M. Kirkman Chicago, 111. | Asst. Sec. & Asst. Trees.— 8. O. Howe. New York, N.Y.
PRINCIPAL OFFICE AND ADDRESS Cor. Kinzie and Market Streets, Chicago, 111.
Fiscal Agency No. 52 Wall Street, New York.. N. Y.
CHICAGO AND OHIO RIVER RAILROAD COMPANY.
Line of Road.— Side! 1, 111., to Olney (O. & Miss. RE.), Ill 86.1 miles.
Sidings, 7.38 miles. Gauge, 4 ft. 8i in. Rail, 45 Ibs.
History. — Chartered as Danville, Olney & Ohio River RR. Co. March 10. 1869, to build a
railroad from Danville, 111., to the Ohio River, a distance of 243 miles ; road opened from
Kansas to Westfield June 1, 1878 ; to West Liberty February 21, 1881. During the year
1881 the gauge was changed from 3 ft. to 4 ft. 8£ in. The road was completed and put in
operation between Sidell and Olney, 86.1 miles, in 1883. The company uses 22.9 miles of the
Chicago and Eastern IllinoLs RR. Co.'s road, from Sidell, through its coal mines, south to
Danville, and the terminal facilities of that company at Danville. Placed in the hands of a
receiver in 1883. Sold under foreclosure February 10, 1886, and purchased for $175,000
in the interest of the bondholders, who reorganized the company under the name of the
Chicago and Ohio River Ry. Co. The plan of reorganization provides for an assefsment of
20 per cent, on bonds, for which holders will receive new preferred bonds ; new mortgage
bonds, not to exceed $5,000 per mile on 95 miles, in settlement of floating liabilities ; income
bonds in exchange for 75 per cent, of old bonds, and stock for remaining 25 per cent, and all
accrued interest.
Rolling* Stock (owned). — Locomotive engines, 3.
Operations for year ending June 30, 1886. — Train mileage (mixed), 69,888 miles. Pas-
sengers carried, 19,068 ; carried one mile, 267,786 ; average mile rate, 3 cents. Tons freight
moved, 48,667 ; moved one mile, 1,877,809; average ton-mile rate, 2.5 cents. Earnings —
passenger, $10,476.50 ; freight, $47,250.91 ; mail, express, and other, $4,039.98— total, $61,-
767.39. Operating expenses and taxes, $53,634.71. Surplus, $8,132.68.
Financial Statement, June 30, 1886.— Capital stock, $1,500,000. Funded debt, $500,000
1st mortgage 30-year 6 per cent, bonds, due May 1, 1916, interest payable May and Novem-
ber, and $750,000 income mortgage bonds, same rate and date as firsts but interest, payable
only if earned.
Directors. — Austin Corbin, New York, N. Y. ; Charles G. Stevens, Lowell, Mass. ; Isaac
Fenno, Albert N. Parlin, John W. Carter, Hales W. Suter, William A. Fuller, Boston, Mass.;
Charles H. Cutter, Albert A. Spear, Joseph W. R. Rogers, Chicago, III. ; J. J. Fletcher,
Albert Emerson, Danville, 111. ; E. F. Leonard, Springfield, 111.
CHARLES G. STEVENS, President Lowell, Mass.
Albert N. Parlin, Vice-President Boston, Mass.
Secretary— W. A. Hayes, Jr... ...Boston, Mass. I Auditor— C. B. Lockwood Indianapolis, Ind.
Treasurer— John \V. Carter Boston, Mass. | General Manager— C. E. Henderson.. Indianapolis, Ind
PRINCIPAL OFFICE AND ADDRESS Indianapolis, Ind.
Transfer Office.. Boston, Mass.
CHICAGO AND WESTERN RAILROAD COMPANY.
Line of Road.— Morgan Street to Ada Street, Chicago, 111 1.50 miles.
Gauge, 4 ft. 8i in. Rail (steel, 0.55 mile), 42 and 56 Ibs.
History.— Chartered October 4, 1881, and leased the above road from Chicago and East-
ern Illinois RR. Co., for 99 years, from October 5, 1881. The company owns 1 hand car.
384 POOE'S MANUAL OF RAILROADS.
Operations for year ending June 30, 1886. — Train mileage and traffic, not reported.
Earnings — freight, $1,266; miscellaneous, $2,861.78 — total, $4,027.78. Operating expenses,
$4,027.78.
Financial Statement, June 30, 1886.— Capital stock, $20,000 ; other liabilities, $15,930.20
—total, $35,930.20. Contra: Construction, $35,023.75; materials and fuel, $129.17; other
assets, $777.28.
Directors (elected September, 1886). — Alexander B. Coxe, Eckley B. Coxe, Drifton, Pa. ;
Henry B. Coxe, Ezra B. Ely, New York, N. Y. ; George Merryweather, Chicago, 111.
HENRY B. COXE, President New York, N. Y.
Vice-President— George Merryweather Chicago, 111. | Secretary— 3. F. Price Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS 1 Chamber of Commerce, Chicago, 111.
CHICAGO AND WESTERN INDIANA RAILROAD COMPANY.
line Of Road.— Polk Street (Chicago), to Dolton, 111 17.00 miles.
Hammond Extension : Hammond Junction to State Line 10.28 miles.
Belt Division : C., M. & St. P. ER. to South Chicago, 111 21.30 miles.
Total length of lines owned 48.58 miles.
3d track, 31.61; 3d track, 4.78; 4th track, 4.78; sidings, 44.00 miles. Gauge, 4 ft. 8£ in.
Rail (steel), 60 Ibs.
History. — Organized June 9, 1879, to build a line of railroad from the Indiana State line
in Thornton township, to and into the city of Chicago at Van Buren Street ; main line opened
in December, 1880, to Twelfth Street, Chicago, and in June, 1883, to Polk Street. On January
26, 1882, consolidated with the South Chicago and Western Indiana RR. Co. and the Chicago
and Western Indiana Belt Ry. Co., the consolidated company retaining the name of the Chicago
and Western Indiana RR. Co.
PURPOSES FOR WHICH ORGANIZED. — The Chicago and Western Indiana RR. Co. was
organized for the purpose of leasing its road and terminal facilities in the city of Chicago, and
its vicinity, to other companies ; the South Chicago and Western Indiana RR. Co. for the pur-
pose of giving to lessees of the Chicago and Western Indiana RR. a connection with the iron
and lumber interests at South Chicago ; and the Chicago and Western Indiana Belt Ry. Co_
for the purpose of building a road to connect outside of the city the various railroads entering
Chicago, and transferring cars without entering the city.
PROPERTY. — The real estate (including wharf property on the Chicago River) owned in
fee simple, and covered by the general mortgage, consists of 61 acres of land within the city
limits, upon which are passenger and freight depots leased to various companies ; 78 acres for
right of way and switcli yards adjoining the city, leased to the same companies ; 202 acres for
transfer yards on the Belt Division, and 28 acres for yard grounds at junction of Hammond
Extension and Belt Division. The elevator of the company (capacity, 1,500,000 bushels) is
situated on the Chicago River, near 18th Street, on the main line.
LEASES. — The Chicago and Eastern Illinois RR. Co., the Wabash, St. Louis and Pacific
Ry. Co., the Chicago and Grand Trunk Ry. Co., the Chicago and Atlantic Ry. Co., and the
Louisville, New Albany and Chicago Ry. Co. lease the right to use the main line in order to
enter the city; and, in addition, freight houses, freight yards, and the right to use the passen-
ger depot. These five companies assume and pay all expenses of operating and maintaining
the road, on basis of mileage. The Belt Ry. of Chicago leases the Belt Division and the Indi-
ana elevator. The leases are all covered by the mortgage as additional security.
RENTALS. — The lessees pay a monthly rental sufficient to pay the interest on the bonds
issued against their respective leases, and in addition pay monthly an amount sufficient to re-
tire the principal of such bonds before maturity. These rentals are paid to the trustees. After
paying the interest on the outstanding bonds, the remainder of the rentals are paid by them to
the company. The sinking fund is invested by the trustees in the purchase of outstanding
bonds every six months, per terms of mortgage. The present leases yield a rental of over
3,000 annually, which is all paid to the trustees as explained above.
POOR'S MANUAL OP RAILROADS. 385
Rolling Stock.— Locomotive engines, 12. Cars (platform, 100 ; caboose, 5 ; others, 71),
176. Of this equipment, 9 locomotives, 80 flat, 5 caboose, 50 stone dump, and 6 hand care are
leased to the Belt Railway Co. of Chicago.
Income Account, December 31, 1886.— Rentals from lessee companies, $701,659.76 ; rent
of houses, etc., $70,271.74— total income, $771,981.50. Payments : Interest on bonds, $528,-
860.03 ; bonds redeemed, $63,000 ; expense of houses, etc., $2,939.81 ; trustees' commission,
$2,944.50— total, $605,787.42. Balance, surplus, $166,144.08. Surplus from last year, $103,-
397.36— total, $269,541.44.
General Balance SJteet, December 31, 1886.
Cost of Road and Buildings $12,566,438 85
Rolling Stock 259,349 65
Real Estate 2,506,578 15
Materials and Fuel 13,892 73
Current Accounts and Bills Receivable .. . 356,026 24
Cash on Hand 68,921 76
Cash in Hands of Trustees 60,447 73
Cash in Hands of D. M. & Co 92,775 00
Total Assets $15,924,430 11
Capital Stock $5,000,000 00
FundedDebt 8,' 33,666 67
Current Accounts and Bills Payable 64,610 21
Interest Due and Accrued 66,718 34
Sinking Fund Paid in 1,739,893 45
Profit and Loss 269,541 44
Total Liabilities $15,924,430 11
Funded debt outstanding December 31, 1886, consisted of —
1st nitge. 6 p. c. 40-year, coupon $1,000 bonds, due Nov. 1, 1919, int. May and Nov. (auth. $4,000,000).. $2,387,000 00
Gen. mtge. 6 per cent. 50-year, coupon $1,000 bonds, due Dec. 1, 1932, interest March, June, Septem-
ber and December (authorized, $10,500,000) 6,396,666 67
The first mortgage bonds are payable in New York (principal and interest) in gold coin,
and are provided with a sinking fund from January 1, 1885, sufficient to pay off all the bonds
at 105 and interest, at which price they are redeemable by lot since that date. The same
conditions apply to the general mortgage bonds, with the exception that action of sinking
fund did not begin until January 1, 1886. Provision is made for registration of principal of
bonds of both issues. Of the general mortgage bonds $2,500,000 are reserved to retire an
equal amount of Chicago and Western Indiana old 1st mortgage bonds.
Annual meeting first Tuesday in June. Books close for annual meeting ten days prior
thereto. Trustees of bonds, A. J. Thomas, and Charles E. Tracy, New York, N. Y. Regis-
trar of stock, M. J. Clark (Secretary), Chicago, HI. Interest payable at Drexel, Morgan & Co.,
New York, N. Y. General mortgage bonds listed on New York Stock Exchange.
Directors (elected June 1, 1886).— Geo. H. Ball, Boston, Mass. ; W. J. Spicer, Detroit,
Mich. ; A. L. Hopkins, New York, N. Y. ; F. Broughton, J. B. Carson, Chicago, 111.
JOHN B. CARSON, President Chicago, 111.
Treasurer— G. W. Stokes Chicago, III. | Secretary and Auditor-t/i. J. Clark Chicago, HI.
General Manager— James D. Carson Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Dearborn Station, Chicago, 111.
Transfer Office Drexel, Morgan & Co., New York City.
CHICAGO AND WEST MICHIGAN RAILWAY COMPANY.
Main Line of Road.— La Crosse, Ind., to Pentwater, Mich 208.74 miles
WJdte Cloud Branch : Holland Junction to White Cloud 70.00
Allegan Branch : Holland to Allegan 23.00
Pickand's Branch : Kirk's Junction to Pickand's Junction 3.50
Muskegon Branch : Fruitport to Muskegon 10. 00
Bluffton Branch : Muskegon to Port Sherman 6.00
Big Rapids Junction : Big Rapids Junction to Big Rapids 61.63
WoodviUe Branch : Logging Railroad 5.54
Sisson's Mill Branch : Lilley Junction to Sisson's Mill 2.37
Hart Branch : Mears to Hart 3.30
Wliite River RR.: White River Junction to West Troy 17.86
Baldwin Extension : West Troy Junction to Baldwin 12.00—205.20 miles.
Total length of lines owned and operated , 413.94 milei.
Sidings, etc., 92.31 miles. Gauge, 4 ft. 8£ in. Rail (steel, 317.38 miles), 50 and 56 Ibs.
25
386
POORS MANUAL — CHICAGO AND MICHIGAN RY. CO.
History. — Consolidation Oct. 1, 1881, of the Chicago and West Michigan RR., the Grand
Rapids, Newaygo and Lake Shore RR., the Grand Haven RR., and tlie Indiana aud Michigan
RR. of Indiana. See MANUAL for 1884, page 593.
During the year 1882 the Indiana and Michigan Ry., which is the Southern Extension of
the old C. & W. M. RR., was opened from New Buffalo to La Porte, 15 miles, about May 1,
and to La Crosse, 22 miles farther south, in December ; the Bluffton Branch was extended
from Bluffton to Port Sherman, 1.3 miles, and the White River RR. from Crooked Lake to
West Troy, 4 miles. The Baldwin Extension of the White River RR. was completed and
opened for business December 9, 1883.
In 1882 the stock of the White River RR. Company was exchanged for bonds of this
company, and during 1884 that company was dissolved, and the accounts representing its cost
to this company closed by transfer to construction account.
The stock of the consolidated company shows an increase over that of the C. & W. M.
RR. Co., of $645,800, which amount was issued for consolidation purposes. Of this increase
$582,760 are held in trust for the benefit of this company, and the balance, $63,040, will be
issued and held in the same way when the outstanding stock of the old companies is presented
for exchange.
Rolling Stock, December 31, 1886. — Locomotive engines, 48. Cars — passenger, 30 ;
baggage, mail, etc., 21 ; freight (caboose, 16 ; box, 790 ; flat, 999 ; log, 17), 1,822— total,
1,874. Also, 1 officers', 2 tool, 1 pile-driver, 2 excavators, 4 snow plows, 1 painters', 1 car-
penters' and 4 boarding cars.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $456,310 54
Freight 870,503 09
Mail 34,598 88
Express 27,999 70
Miscellaneous 6,567 45
Expenses.— Maintenance of Way $434,485 30
Maintenance of Cars 271,316 02
Locomotive Repairs 113,473 77
Transportation, etc 82,680 48
General aud Taxes 123,943 19
Total ($3,373.42 per mile) $1,395,979 66 Total ($2,477.41 per mile) $1,035,497 76
Net earnings (26.54 per cent.), $370,481.90 ; add interest received, $9,260.91 ; available
income, $379,742.81. Payments: Interest on funded debt, $225,023.90; dividends (August 16,
1 per cent.; February 15, 1887, 1£ per cent.). $153,755— total, $378,778.90. Surplus for year,
$963.91 ; balance to credit of income February 15, 1886, $148,520.04 — total undivided surplus,
after payment of dividend February 15, 1887, $149,483.95; surplus from last year, $271,524.04
—leaving surplus, January 1, 1887, $241,736.95.
General Balance Sheet, December 31, 1886.
Construction, Jan. 1, 1886.. $9,096,520 35
Charged during 1886 33,746 28— $9,130,266 63
Equipment, Jan. 1, 1886.... 955,627 14
Charged during 1886 44,111 15— 999,738 29
Chicago & W. Michigan RR. Stock Scrip 58 80
Charles Merriam, Trustee* 639,600 00
Union Trust Co., New York 24,247 50
Materials on Hand 65,669 41
Balance of Open Accounts 43,716 90
Cash, $27,052.44 ; "Bills, $175,311.96 202,364 40
Total Assets..., $11,105,661
Capital Stock $6,796.80000
Funded Debt... . 3,874,00000
Accrued Bond Interest
Unpaid Coupons and Dividends.
Unpaid Vouchers
Michigan State Taxes
Unpaid Paymaster's Drafts
Income Account
Suspense Account
47,621 67
5,465 00
56,290 07
25,592 90
48,678 91
241,786 95
9,476 43
Total Liabilities $11,105,601 93
• Held by Charles Merriam in trust ; Chicago and West Michigan Ry. Co. stock, $582,900 ; Muskegon Lake
RR. Co. stock, $33,600 ; Muskegon Ry. Co. stock, $23,100.
Statement of funded debt outstanding December 31, 1886 :
Description of Bonds.
Date.
Due.
Interest.
Afloat.
Charges.
1st Mortgage C. & M. L. S. RR.. $1,000, 126.9 miles.
1st Mortgage G. R., N.&L. S. RR.. $1,000,26.0 miles.
1st Mtge. G. R., N. & L. S. RR. $500, etc., 10.0 miles.
Consol. Mortgage C.& W. M.Ry., $1,000,413.94 miles.
Sept. 1, 1869
July 1,1871
June 1, 1875
Dec. 1,1881
Sept. 1, 1889
July 1,1891
June 1, 1905
Dec. 1, 1921
8 p. c.M. &S.
8 p. c. J. & J.
7 p. c. J. & D.
5 p. c. J. & D.
$480,000
576,000
24,000
2,794,000
$38.400
46.080
1.680
139,700
POORS MANUAL OF RAILROADS.
387
Statement of operations, capital account, etc., C. & W. M. RR. for 1 year, and C. & W.
M. Ry. for 6 years :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad .•
267.04
340,901
813,131
310,792
366.60
469,490
442,405
541,980
375.00
385,911
512,118
636,470
17,477,466
875,166
50,566,301
S
1,503,432
1,947,788
412.74
478,462
582,634
659,801
16,779,017
1,102,309
61,317,920
$
1,550,099
1,185,224
413.51
634,838
564,786
616,514
16,220,371
947,502
58,836,985
9
1,469,667
1,000,690
418.51
609,150
558,881
571,722
I6.3.r,:>,3so
855,068
54,494,058
$
1,297,301
948,513
413.94
639,506
630,664
613,260
18,096,944
944,343
58.«ti«,707
8
1,395,980
j, 025,498
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
433,701
29,187,089
8
840,022
600,438
774,279
43,445,420
$
1,325,052
1,054,980
Freight (ton) Miles
Gross Traffic Earnings
Expenses and Taxes.
Net Traffic Earnings
239.584
38,400
(2i)153,572
3,145 69
2,190 26
955 43
71 .48 p. c.
270,972
120,070
(2i)153,405
3.614 44
2,877 74
736 70
79.61 p. c.
455,644
191,428
(2i)153,580
4,009 15
2,794 08
1,215 07
69.69 p. c.
2.60 c.
1.99 C.
$
6,796,800
3,239,500
95,000
259,518
272,350
364,875
217,023
(3) 184,506
3,755 63
2,871 60
884 03
76.46 p. c.
2.78 c.
1.67 C.
8
6,796,800
3,787,500
468,977
222,086
(4) 246,008
3,554 13
2,419 99
1,134 14
68. 09 p. c.
2.78 c.
1.60 c.
$
6,796,800
3,822,500
848,788
224,0t-0
(1J) 92,253
3,137 29
2,293 81
843 48
73.11 p. c.
2.58 c.
1.50 c.
$
6,796,800
3,845,000
370,482
225,024
(3) 184,506
3,37242
2,477 41
895 01
73. 46 p. c.
2.52 c.
1.48c.
S
6,796,800
3,874,000
Interest Paid
Dividends
Gross Earnings per Mile..
Gross Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Average Rate per passenger per Mile. .
Average Rate per Ton per Mile
Capital Stock
1.89 c.
$
6,151,000
480,000
77,579
88,858
281,565
2.02 c.
$
6.796,800
3,087,500
203458
154,642
Funded Debt
Bills Payable and Loans
Current Liabilities
214,951
231,896
160,074
234,997
187,843
271,524
193,125
241,737
Income Balance.
Total Liabilities
7,079,002
6,261,154
500,843
10,242,100
8,037,443
763,499
622,559
818,599
10,663,168
8,720,673
818,043
748,809
375,643
11,031,147
8,931 ,035
923,076
748,809
428,227
11,014,381
9,093. 534
951,287
639,659
329,901
11,101,167
9.096,520
955,627
639,659
409,361
11.105,662
9,130,267
999,738
639,659
335,998
Railroad
Equipment. ...
Other Investments
Cash and Cash Assets
317,005
Total Assets
. 7,079,002
10,242,100
10,663,168
11,031,147
11,014,381
11,101,167
11,105,662
The C. & M. L. S. RR. 8s are a first lien on the road from New Buffalo to Muskegon,
Mich.; the G. R., N. & L. S. RR. 8s a first lien on the road from Grand Rapids to Newaygo,
and the 7s on the road from Newaygo to White Cloud; the consolidated 5s are a lien upon all
the lines of the consolidated company (418.94 miles), subject to those on the above-mentioned
172.9 miles. Of the total issue of $200,000 G. R., N. & L. S. RR. 7s, the company owns
$176,000, leaving $24,000 outstanding, as abore.
The company has paid the following dividends : February 15, 1882, 2f per cent.; Febru-
ary 15, 1883, 3 per cent.; February 15, 1884, 2 per cent.; August 15, 1884, 2 per cent.; Feb-
ruary 16, 1885, 1$ per cent.; February 15, 1886, 2 per cent. ; August 16} 1886, 1 per cent.
Directors (elected April, 1887.)— Nathaniel Thayer, H. H. Hunnewell, Chas. F. Adams,
Alpheus Hardy, Geo. 0. Shattuck, Charles Merriam, James H. Blake, E. V. R. Thayer, Bos-
ton, Mass.; J. B. Mulliken, Detroit, Mich.
NATHANIEL THAYER, President Boston, Mass.
J. B. Mulliken, Vice-President and General Manager Muskegon, Mich.
Secretary and Treasurer— Chas. Merriam.Boston, Mass. | Gen. Auditor— G. W. Courtright Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Muskegon, Mich.
Fiscal Agency and Transfer Office 26 Sears' Building, Boston, Mass.
CHICAGO, BURLINGTON AND NORTHERN RAILROAD COMPANY.
, | Oregon, III., to St. Paul, Minn ..................... 832.38 miles.
Mam Lines of Road, -
Branches
- j^^ 111<t to Savannah, III ........... ... ....... 18.15 miles.
{ Galena Branch : Galena Junction to Galena, 111 .................. 4.01 miles.
I La Croitse Freight Line ........................................ 6.15 mile?.
1 La Crosse and Black ttiver Line ................................. 1.32 miles.
[ Winona Branch : East Winona to Winona ....................... 1.50 miles.
.863.51 miles.
Total length of all lines owned or operated
Sidings, etc., 46.94 miles. Gauge, 4 ft. 8* in. Rail (all steel), 66 Ibs.
388 POOR'S MANUAL or RAILROADS.
History. — Chartered August 1, 1885, and road opened November 1, 1886. It has close
traffic relations with the Chicago, Burlington and Quincy and the Chicago and Iowa RRs.,
and connects that system with the Northwest.
Rolling Stock, December 31, 1886. — Locomotive engines, 41. Cars — passenger, 34 ;
baggage, mail and express, 12 ; freight (box, 750 ; stock, 300 ; platform, 100 ; coal, 500),
1,650 ; other, 1 — total cars, 1,697. The company has contracted for 10 additional locomotive
engines.
Operations for November and December, 1886. — Train mileage, etc., not reported.
Earnings — passenger, $32,403.18 ; freight, $255,765.91 ; mail, express and other, $4,027.76 —
total, $292,196.85. Expenses— transportation, $70,892.74; motive power, $47,255.55; main-
tenance of cars and engines, $14,211.42 ; maintenance of way and buildings, $38,566.28 ;
general, $33,640.38— total, $204,566.37. Net earnings (29.99 per cent.). $87,630.48.
General Balance Sheet, December 31, 1886.
Cost of Property, etc $19,401,882 93
Materials and Fuel 138,451 77
Bills Receivable and Accounts 440,597 59
Cash on Hand 513,652 57
Total Assets $20,494,584 86
Capital Stock (par, $100) $9,000,000 00
Funded Debt 11,000,000 00
Current Account8 432,304 06
Profit and Loss 62,280 80
Total Liabilities $20,494,584 86
Funded debt consists of $9,000,000 first mortgage 5 per cent, coupon $500 and $1,000
bonds, dated December 1, 1885, and due April 1, 1926, interest payable April and October ;
and $2,000,000 6 per cent. 10-year $1,000 coupon debentures, due December 1, 1896, interest
payable June and December.
The first mortgage bonds are secured on road and equipment, and also on all the stock
and bonds of the C., B. & N. RR. of Illinois the mileage of which is included in the above
statement. The Chicago, Burlington and Quincy and the Chicago and Iowa RR. Cos. guar-
antee for twenty years one-half of net earnings derived from traffic over this road, the
amount to be not less than $100,000 per annum, to be devoted to purchase or withdrawal, at
105, of these bonds, which shall be exchanged at par for stock. The bonds are further sub-
ject to purchase on and after April 1, 1896, at 105, by giving six months previous notice.
The authorized issue of stock is $12,000,000, of which trustees hold $3,000,000 to be ex-
changed for 1st mortgage bonds as they are bought and cancelled under the contract. Trus-
tees of the first mortgage bonds : Henry Parkman, J. Malcolm Forbes, Lucius M. Sargent.
The debentures are subject to the first mortgage ; and it is provided that any further
mortgage made by the company shall be limited to $10,000 per mile, and of the bonds issued
thereunder a sufficient amount shall be reserved for the retirement of the debentures at par-
Authorized issue is $2,250,000, of which $250,000 are held in the treasury.
Annual meeting, second Wednesday in June, at La Crosse, Wis. Interest payable at
Boston, Mass , and New York, N. Y. First mortgage bonds and debentures listed on New
York and Boston Stock Exchanges ; stock also listed in Boston.
Directors. — Charles J. Paine, John L. Gardner, W. Powell Mason, Alexander Cochrane,
Edward C. Perkins, Augustus Hemenway, A. E. Touzalin, Boston, Mass.
A. E. TOUZALIN, President Boston, Mass.
Secretary and Treas.—3. Murray Forbes. Boston, Mass. | Auditor— 'N. B. Hinckley St. Paul, Minn.
Transfer Agent— F. B. Beaumont Boston, Mass. | General Manager— G. B. Harris St. Paul, Minn.
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
CHICAGO, BURLINGTON AND QUINCY RAILROAD COMPANY.
Main Line of Road.— Chicago, 111., via Pacific Junction to Denver, Col. ..1,024.30 miles.
Branches and leased lines 2,889.38 miles.
Used jointly with other companies 122.35 miles.
Total length of lines operated. December 31, 1886 .4,036.03 miles.
Average mileage operated during the year 3, 742.97 miles.
2d track, 276 miles ; sidings, 719.5 miles. Gauge, 4 ft. 8£ in. Rail (steel, 3,111.25 miles),
6 to 65 Ibs.
POOR% MANUAL — CHICAGO, BURLINGTON AND QUINCY RR. CO.
Statement in detail of the lines of the Chicago, Burlington and Quincy RR. Co. :
389
Miles.
Chicago, 111., to Burlington, la 204.44
Central Depot to C., B. & Q. RR 2.58
Canal St. to Union Depot 1.38
Galesburg to Quincy, III 99.73
Galesburg to Peoria, 111 53.57
Yates City to Lewiston, 111 30.07
Aurora to Turner Junction, 111 12.02
Galesburg and Rio RR.— Galesburg to Rio, 111 . . 12.46
Ottawa, Oswego and Fox River Valley US. —
Geneva to Streator, 111 68.14
Joliet, Rockford and Northern, RR.— Sheridan to
Paw Paw, 111 19.58
Chicago and Rock River RR.— Shabbona to Ster-
ling, 111 48.15
Illinois Grand Trunk Ry.— Mendota to Fulton,
111 64.38
Dixon, Peoria and Hannibal RR.— Duda to Elm-
wood, 111 44.51
Peoria and Hannibal RR.— Lewiston to Rush-
ville, 111 32.61
American Central Ry.— Gal va to New Boston,Ill. 50.59
Dixon and Quincy RR.— Junction with Am.
Cent. Ry. to Keithsburg, 111 6.23
Carthage and Burlington RR. — Burlington, la.,
to Carthage, 111 30.41
Quincy & Warsaw RR.— Carthage to Quincy,Ill. 39.95
Quincy, Alton and St. Louis Ry.— Quincy, 111.,
to Louisiana, Mo., with branch to Hannibal,
Mo 48.26
St. Louis, Rock Island and Chicago RR.—
Sterling to Rock Island, 111 51.93
Barstow to Alton June., Ill 214.63
Cleveland Branch 2.36
Gladstone to Keithsburg 17.25
Alton J. to E. St. L. (joint. I.&S.L.RR.) 20.60— 306.77
Keokuk and St. Paul RR.— Keokuk to Burling-
ton, la 43.01
Winter set Branch C., R. I. & P. RR.— Indianola
to Avon, la. (joint.) 13.53
Burlington and Missouri R. RR.—
Burlington, la., to Pacific June., Iowa 276.16
Chariton, la., to Leon, la 37.76
Chariton to Indianola, la 30.47
Creston, la., to Ilopkins, Mo 44.54
Creston to Fontanelle, la 27.70
Villisca, la., to Burlington June., Mo 35.00
Hastings to Sidney, la 21.05
Red Oak, la., to E. Nebr. Cy., Mo., including
10.57 m. leased of and used jointly with the
K. C., St. J. & C. B. RR. Co 49.86
Pacific June, to Council Bluffs, la., including
16.33 m. leased of and used jointly with K.
C., Sr. Jos. &C. B. RR. Co 18.20
Western Iowa RR.— Fontauelle to Cumberland,
la 20.36
Albia, Knoxville and Des Moines RR.— Albia to
Knoxville, la 32.90
Des Moines and Knoxville Ry.—Dee Moines to
Knoxville, la 34.92
Leon, Mt. Ayr and 8. W. Ry.—
Leon to Grant City, Mo 57.69
Bethany Junction to Albany, Mo 46.15
Miles.
Red Oak and Atlantic Ry.— Red Oak to Gris-
wold, la 18.10
Clarinda, College Springs and S. W. RR.—
Clarinda to Northboro1, la 1796
Moulton and Albia Ry.— Albia to Moravia, la. . . 11.48
Huntings and Avoca RR.— Hastings to Carson
City, la. . 15.73
Omaha and North Platte RR.— Omaha Stock
Yards to Ashland, Neb 25.30
Omaha and Southwestern RR.—
Omaha to Oreopolis, Neb 17.13
Omaha to Omaha Stock Yards 4.20
Crete to Beatrice, Neb 30.09
Nebraska Ry.— Nemaha to York, Neb 136.40
Republican Valley RR. —
Aurora, Neb., to Colorado Line 267.06
Albany to Table Rock, Neb 142.94
Beatrice to Wymore 11.87
Nemaha to Beatrice, Neb 65.56
Nemaha to Salem, Neb 17.60
York to Central City, Neb 41.31
Aurora to Grand Island, Neb 18.51— 564.85
Republican Valley and Kansas RR.— Republican
to South Line of Neb 8.50
Burlington, Kansas and Southwestern RR.—H.
V. & K. RR., Neb. Line to Oberlin,Kan 69.73
Grand Island and Wyoming Central RR. —
Grand Island to Anselmo, Neb 100.69
Atchison and Nebraska RR.—
Atchison, Kan., to Lincoln, Neb 145.74
Lincoln and Northwestern RR.— Lincoln to Co-
lumbus, Neb 73.C8
Burlington and Colorado RR. — Wray, Col. Line,
to Denver, Col 174.89
Burlington and Mo. R. RR.in Nebraska— P&ciHc
Junction to Kearney Junction 195.72
Nebraska and Colorado RR.—
De Witt to Curtis, Neb 208.83
Kenesaw to Oxford, Neb 60.67
Fairmont to Hebron, Neb 33.14
Edgar to Superior, Neb 20.53
Hebron to Chester, Neb 12.05— 341.22
Chicago, Nebraska and Kansas RR.—
Odell Jane, to Concordia, Kan 70.38
St. Joseph and Des Moines RR. — Albany to St.
Joseph, Mo 48.S1
Add for sundry small sections of road
leased and operated jointly with other
companies, not heretofore reported . . 10.52
Less sundry small changes in tracks at
junction points and corrections from
re-measurements 3.33— 7.20
Total 4,036.03
State of Illinois 1,174.338
Stateof Iowa 797.940
State of Missouri •. 111.249
State of Nebraska 1,592.676
State of Kansas 184.940
State of Colorado 174.890—4,036.03
The first portion of the system of railroads of the Chicago, Burlington and Quincy RR.
390 POOB'S MANUAL— CHICAGO, BUBLINGTON AND QUINCY RR, CO.
constructed was the branch from Turner Junction on the Galena and Chicago Union RR. (now
the Chicago and Northwestern Railway), a point SO miles west of Chicago, south to Aurora,
13 miles. This line was built by the Aurora Branch Ry. Co., which was chartered in 1849,
and completed the road as above in 1852. From Turner Junction into Chicago the company
used the track of the Galena and Chicago Union RR., under a contract entered into in January >
1852. On June 22d, 1852, the Chicago and Aurora RR. Co. was organized to succeed to the
rights and property of the Aurora Branch Ry. Co., and by this new company the line was
extended from Aurora to Mendota, 46 miles, and opened to the latter point in the fall of 1853.
In 1855 the name was again changed by authority of the State Legislature to the Chicago,
Burlington and Quincy RR. Co., and on July 9th, 1856, this latter company was consolidated
with the Central Military Tract RR. Co., the consolidated corporation retaining the name of
the Chicago, Burlington and Quincy RR. Co. The Central Military Tract RR. Co. had been
chartered Feb. 15th, 1851, and built the road from Mendota southwest to Galesburg, a dis-
tance of 80 miles, which was fully opened early in 1855. The consolidated company then
owned a line from Turner Junction, via Aurora, to Galesburg, a total distance of 139 miles.
Prior to this consolidation, both of the constituent companies had made large advances to
the Peoria and Oquawka RR. Co., which was engaged in the construction of a line from
Peoria west to a point on the Mississippi River opposite Burlington, Iowa. With the aid
thus given, a portion of the latter line — from Galesburg to Burlington — was completed and
opened in 1855. In the spring of 1856 the Noithern Cross RR., extending from Galesburg
southwest to Quincy was opened. To aid in the construction of this line the Central Military
Tract and Chicago and Aurora RR. Cos. had also made considerable advances. Both of these
lines, forming important extensions of the line from Chicago to Galesburg, were operated in
connection with that line prior to and subsequent to the consolidation which resulted in the
formation of the Chicago, Burlington and Quincy RR. Co. The section of the Peoria and
Oquawka RR. , from Galesburg southeast to Peoria, was completed under contract by private
individuals, and passed under the control of the Chicago, Burlington and Quincy KR. Co. in
1862. In 1857 the name of the Northern Cross RR. Co. was changed to the Quincy and Chi-
cago RR. Co.; in 1860 its railroad and other property were sold under foreclosure of its first
mortgage bonds, and purchased by the Chicago, Burlington and Quincy RR. Co., which at
that time was the largest holder of those bonds.
In 1863, under authority of an act of the Legislature, the Peoria and Oquawka RR. was
purchased at foreclosure sale by the Chicago, Burlington and Quincy RR. Co., and after its
formal reorganization under the name of the Peoria and Burlington RR. Co. was consolidated
with the Chicago, Burlington and Quincy RR. Co.
The next addition to the mileage of the company was made in 1862, in which year the
line from Yates City to Lewiston, 30 miles, was completed. This line had been begun by
the Jacksonville and Savannah RR. Co. (chartered July 9th, 1856), but the company becom-
ing embarrassed shortly after it had begun the preliminary work upon its road, it donated
its franchises, right of way, and uncompleted road bed to the Chicago, Burlington and Quincy
RR. Co., in consideration of that company agreeing to complete the line. In 186:3 the com-
pany located and began the construction of an independent line from Aurora into Chicago,
and on May 20th, 1864, that extension was completed, and the use of the Galena and Chicago
Union tracks was discontinued.
The Burlington and Missouri River RR. Co. in Iowa was incorporated by a special act
of the Legislature in 1854 to build a railroad from Burlington, la., to the Missouri River, and
was entitled by an act of Congress passed in 1856 to receive six sections of government land
per mile of completed road. The road was opened from Burlington, la., to Ottumwa, la.,
75 miles, in 1859. At that point the work of construction was suspended.
In 1864 the C., B. & Q. RR. Co.'s stockholders voted to assist the Burlington and Mis-
souri River RR. Co. in the extension of its line westward, and in 1866 constructive operations
were resumed. On November 1, 1866, the extension wns completed to Albia, la., 25 miles,
and on April 15, 1867, to a point nine miles east of Chariton, la., 22 miles. In 1868 it was
completed to Afton, la., 40 miles, and on January 1, 1870, was formally opened for through
business from Burlington to East Plattsinouth, la., its total length being 283 miles.
POOR'S MANUAL — CHICAGO, BURLINGTON AND QUINCY RR. CO.
391
In 1868 the company began the construction of numerous branch lines, which are nominally
leased but really owned by the Chicago, Burlington and Quincy RR. Co., and are wholly in-
corporated into its system. The roads thus built, in the order in which they were added to
the Chicago, Burlington and Quincy system are as follows :
NAME OP ROAD.
Length.
Date of Open-
iiig.
When and How Acquired by C., B. and Q. System.
American Central
50.59
April 25 18R9
Keokuk and St. Paul
42 75
Oct 27 1869
Peoria and Hannibal
32 61
July 18 186t
Dixon, Peoria and Hannibal
44 51
Feb'y 1, 1870
Carthage and Burlington
30.00
Jan'y 16, 1870
Quincy and Warsaw
39 75
Dec. 25 1870
Ottawa, Oswego and Fox Riv. Valley..
Albia, Knoxville and Des Moines
Illinois Grand Trunk
68.14
32.90
64 38
May 1, 1871.
Nov. 18, 1875.
July 1, 1872
Perpetual lease from completion.
Perpetual lease from completion.
Quincy, Alton and St. Louis
48 26
January, 1872
Feb 1 1876 Perpetual lease at $42 000 per year
St. Louis, Rock Island and Chicago*..
Chicago and Rock River
268.67
48.15
Decem., 1870.
( 20 m. in 1871.
•| 27.47 m. in '72.
October 1,1876.
In 1871, by purchase of all bonds and a majority
| 0.68 m. in '83.
and Rock Falls October 1(5, 1872, and leased in
perpetuity to the C., B. aud Q. RR. Co.
* Exclusive of lines operated under trackage contract. In 1876, 5.71 miles of line were built, and, in 1880,
6.59 miles, securing an independent line into Rock Island, the use of the Chicago, Rock Island and Pacific RR.
Co.'s line being discontinued at the same time.
(For "Contingent Liabilities" of the Chicago, Burlington and Quincy RR. Co., for branch,
roads, reference should be made to General Balance Sheet ; for termini and lengths of lines,
see Mileage Statement, preceding.)
The bridge over the Mississippi River was completed early in 1868, and the fiist train
crossed on the 13;h of August, same year. A branch from Red Oak, la., to East Nebraska
City, la., was completed about the same time.
In 1872-73 there were also completed branches from Chariton, la., to Leon, la., 37.76
miles; from Creston, la., to Hopkins, la., 44.54 miles, and from Villisca, la., to Clarinda,
la., 14 miles. These latter branches were built under separate charters, but were practically
owned by the Burlington auid Missouri River RR. Co.
On January 1, 1873, the lines of the Burlington and Missouri River RR. Co. in Iowa
passed under the control of the Chicago, Burlington and Quincy RR. Co., under the terms of
a perpetual lease, but which was a practical consolidation of the two corporations.
The Burlington and Missouri River RR. in Nebraska was chartered May 12, 1869, and
began the construction of its line from Pacific Junction west to Kearney Junction, Neb., in
1870. On July £6 of that year it was opened to Lincoln, 55 miles ; on December 20, 1871, to
Harvard, 136 miles, and on September 3, 1872, to Kearney Junction. On August 1, 1871, it
purchased control of the Omaha and Southeastern RR., 10 miles then completed, and ex-
tended it 37 miles in 1871. In 1880 the Burlington and Missouri RR. in Nebraska and its
leased lines, passed under the control of the Chicago, Burlington and Quiucy Railroad Com-
pany in practically the same manner as it had previously acquired control of the Burlington
and Missouri River RR. in Iowa. In that year, under the charter of its leased lines, many ex-
tensions of the Burlington and Missouri River RR. in Nebraska were being prosecuted so that
at the time of its acquirement by the Chicago, Burlington and Quincy RR. Co. its total com-
pleted mileage was 836 miles (for details see MANUAL for 1881, page 621), with about 109
miles additional under construction.
In addition to the mileage owned and operated directly by the C., B. and Q. RR. Co. (see
page 389), the company controls and practically owns the following lines : Hannibal and St.
Joseph RR. ; St. Louis, Keokuk and Northwestern RR. ; Chicago, Burlington and Kansas
City RR. and the Kansas City, St. Joseph and Council Bluffs RR. ; .and also owns a half
interest with the Wabash, St. Louis and Pacific Co. in the Humeston and Sheuandoah RR.,
113 miles.
" The properties controlled by this company, whose operations are not embraced in this Report, show an in-
crease in net surplus for the year of about $620,000, having earned about $790,000 in 1886, as against $170,000 m
1885. after paving their own operating expenses and interest on their outstanding liabilities not owned by the C.,
B. & O. Company. Of this surplus the Kansas City, St. Joseph and Council Blufls RR. Co. earned about $450,-
000, and paid to this company during the yoar a dividend of 5 per cent, on the shares held by it, making $5268,075,
included in the item Interest and Exchange in the income account."
392
POOR'S MANUAL— CHICAGO, BURLINGTON AND QUINCY RR. CO.
The following statement shows the additions made to the system of the company from
1878 to 1886, inclusive, the mileage of the Burlington and Missouri River RR. in Nebraska,
constructed in 1880, being included, but not the original lines :
Name of Road.
Termini.
Length.
Date of Opening.
Chariton, Des Moines and Southern
Creston and Northern
Chariton to Indianola, la
30.47
20.00
7.70
21.05
35.55
22.40
46.15
*14.97
35.00
34.92
18.10
11.48
15.73
1.38
79.56
52.70
19.20
23.60
11.87
27.10
9.60
22.61
69.02
23.12
38.20
19.58
2.50
17 %
February 23, 1879
November 17, 1878
May 6, 1879
December 2, 1878
September 26, 1879
September 20, 1880
October 1, 1881
October 10, 1879
October 19, 1879
January 10, 1880
January 17, 1880
June 10, 1880
October 6, 1880
1880
May 23, 1880
December 5, 1880
April 4, 1880
February 7, 1881
February 7, 1881
July 25, 1881
October 10, 1S81
October 10, 1881
May 29, 1882
August 30, 1882
December 5, 1881
November 27, 1882
January 10, 1883
July ' 10, 1882
May 29, 1882
October 8, 1883
September 2, 1883
December 20, 1883
June 8, 1884
January 3, 1884
November 15, 1883
August 4, 1884
May 1, 1884
August 25, 1884
August 5, 1885
May 1, 1885
August 12, 1885
September 6, 1885
August 17, 1885
January 26, 1885
October 12, 1885
October 31, 1886
September 8, 1886
November 11, 1886
December 26. 1886
October 6, 1886
June 16, 1886
December 6, 1886
August 4, 18S6
September 13, 1886
September 13, 1886
January 3, 1887
Dreston to Greenfield, la
Greenfield to Fontanelle, la
Neb City, Sidney & No. E'n
Hastings to Sidney, la
Leon, Mt. Ayr and Southwestern
Leon to Mt. Ayr, la
Mt. Ayr to Grant City, la
11 11 11
Bethany Jc. to Albany. Mo
Chillicothe and Chariton
Frederick to 4 m. w. of Albia, la
Brownville and Nodaway
Villisca to Burl. Jc., la
Des Moines and Kuoxville
Des Moines to Knoxville, la.
Red Oak and Atlantic
Red Oak to Griswold, la
Moulton and Albia
Albia to Moravia. la
Hastings to Carson City . ... ....
Joint Trackage
Canal St. to Union Depot, Chicago
Bloomington to Indianola
Republican Valley
Amboy to Hubbell
" '
Aurora to Central City
Hubbell to Endicott
i i
Beatrice to Wymore, Neb
i i
Wymore to Endicott
i i
Nemaha to Calvert .
i i
Indianola to Cnlbertson
i i
Clarinda to Northboro
t i
Culbertson to Neb. Line
i i
Table Rock to Wvmore
Joliet, Rockf ord and Northern
Sheridan to Paw Paw, 111
E. Clinton to Fulton, 111
Clarinda, College Springs & Southwestern
Wray to Denver
174.89
0.75
32.94
17.60
18.51
12.05
40.00
20.67
23.69
70.38
20.36
48.81
28.22
8.50
4.20
13.53
69.73
12.45
33.73
29.32
49.83
44.04
15.43
17.71
Chicago and Rock River ....
Rock Falls to Sterling
Republican Valley
Tecumseh to Beatrice
Nemaha to Salem
Aurora to Grand Island
Chester to Hebron
Kenesaw to Holdrege
(i a
Holdrege to Oxford .
n (i
DeWitt to Tobias, Neb
Chicago, Kansas and Nebraska
Western Iowa
Odell to Concordia..
Fontanelle to Cumberland
St. Joseph and Des Moines
Albany to St. Joseph
Holdredge to Elwood
Nebraska and Colorado
Republican to Neb. Line
Omaha to Omaha Stock Yards
Chicago, Rock Island & Pacific (trackage)
Burlington, Kanaas and Southwestern..
Galesburg and Rio
Nebraska and Colorado
Indianola to Avon
Neb Line to Oberlin, Kan
Galcsburg to Kio
Tobias to Edgar
Edgar to Blue Hill
11 11
Blue Hill to Holdrege
ti 11
Elwood to Curtis
11 11
Fairmont to Strang
(i 11
11 ti
Ed^ar to Superior
26.53
100.69
27.75
25.30
Grand Island and Wyoming Central
Republican Valley
Grand Island to Anselmo
Aurora to Hastings
Omaha and North Platte
Omaha Stock Yards to Ashland
* This line is now treated as second track, and the mileage has been reduced to this extent since 1885.
Rolling Stock, December 31, 1886. — Locomotive engines, 619. Cars — passenger and
combination, 293; baggage, mail, and express, 118 ; freight (box and stock, 18,885; platform
and coal, 4,699), 23,084 — total revenue cars, 23,494. Also, 317 way, 9 officers', 1 state-room,
6 dining, 8 wrecking, 14 boarding, 5 pile-drivers, 1,168 hand, 1 painters', and 874 rubble and
iron cars — total service cars, 2,403. Total of all cars, 25,897.
Operations for year ending December 31, 1886. — See tabulated statement, page 396.
Burnings.— Passenger $5,633,260 77
Freight 19,367,9a5 48
Mail, Express, etc 1,727,211 95
Total ($7,140.90 per mile) $26,728,408
Expenses.— Maintenance of Way $3,727.593 80
Rolling Stock 2,137,224 09
Transportation, Taxes, etc 8,626,865 26
Total ($3,871.67 per mile) $14,491,683 15
Net earnings (45.78 per cent.), $12,236,725.05.
POORS MANUAL— CHICAGO, BURLINGTON AND QUINCY RR. CO.
393
Income Account for year ending December 31, 1880.
Balance from 1885 $12,367,370 22
Passenger Earnings $5,633,260 77
Freight 19,367,935 48
Miscellaneous 1,727,211 95— 26,728,408 20
Interest and Exchange 615,34227
Net Eeceipts B. & M. Nebr. L'd Grant 846,770 87
Operating Expenses $18,646,989 50
Taxes— State, County, and City 844,748 56
Rents of Tracks and Depots 158,214 68
Interest on Bonds 4,391,004 17
Dividends, 8 per cent ... 6,110,722 00
Transfers to Sinking Funds 670,295 00
Transfers to Renewal Funds 1 ,000,000 00
Total Receipts $40,557,891 56 Total Payments $26,816,919 00
Surplus, $13,740,972.56. Dividends were paid quarterly, on the 15th of March, June,
September, and December, 1886, 2 per cent. each.
General Balance Sheet, December 31, 1886.
Construction and Equipment :
M'n L., Dec. 31, 1885.. $105,398,604 31
Expended, 1886 1,871,259 04— $107,269,863 35
Branches, Dec. 31, '85. 41,345,623 60
Expended, 1886 6,297,055 89— 47,642,679 49
Materials on hand for future use 1,814,186 94
Cost of K C.. St. J. & C. B. RR. and
other securities 26,030,299 32
Sundry Investments
655,653 70
Sundry Trusts 9,651,26801
Accounts, Balances, Cash, etc 8,327,686 58
Capital Stock $76,384,100 00
Frac. Stock Scrip 20 00
B. &M.R. (Iowa) Stock.
2,405 00— $76,386,525 00
FundedDebt 73,528,707 86
Contingent Liabilities, Branch Lines 6,011,000 00
Accounts and Sundry Balances 4.094,517 83
Profit and Loss 6,567,87870
Renewal Fund 9,000,000 00
Income Account 13,740,972 56
Sinking Fund 12,062,035 44
Total Assets $201,391,637 39 Total Liabilities .$201,391,637 39
The actual amounts of construction and equipment, December 31, 1885, were— Main line,
$105,458,856.84 ; branch lines, $41,291,733.98. Of these amounts there was transferred, dur-
ing the year, from construction of main line to construction of branches, $60,252.53, and from
construction of branches lo investments, $6,362.91, making main line $105,398,604.31, and
branches $41,345,623.60, as above.
The sinking funds ($12,062,035.44) are for—
Land Grant Bds. B. & M. R. RR. (Iowa) .. $6,375,567 78
C., B. & Q. 4 and 5 p. c. Bonds, Iowa Mtg. 1,198,085 27
C., B. & Q,. 5 p. c. Bds., acct. of A., K. & D.
M. RR. Bonds 215,764 42
C., B. & Q,. 5 p. c. Bds., acct.Jof St. L.,R.I.
& C. RR. Bonds 624,832 84
C., B. & Q. 4p.c. Bds. of 1922 (Denver Ex.). 435,358 33
The trusts ($9,651,268.01) are as follows
Trustees of B.& M.R.RR.(Ia.) L'd Grant Bds. :
Cost of Investment in other than B. & M.
R. RR. (la.) Land Grant Bonds $5,410,097 42
C.,B.&Q.4p.c.Bds.ofl921(B.&S.W.Ry.) $238,214 33
B. & M. R. RR. in Neb. 6 p. c. Bds. of 1918 2,265,723 87
B. & M. R. RR. in Neb. 4 p. c. Bds. of 1910
(A. & N. RR.) 542,042 92
Republican Val. RR. 6 p. c. Bds of 1919. .. 118,513 16
Lincoln & Northw'n RR. 7 p.c. Bds. of 1910 47,932 57
New England Trust Co., Trustee of C., B.
& Q. 4 p. c. Bonds of 1922 $435,858
New England Trust Co., Tiustee of B. &
M. R. RR. in Nebraska 6 p. c. Bonds. . . . 2,265,723 87
New England Trust Co., Trustee of B. &
M. R. RR. in Nebraska 4 p. c. Bonds. . . . 542,042 92
New England Trust Co., Trustee of Repub-
lican Valley RR. 6 p. c. Bonds 118,513 16
Trustees of Lincoln and Northwestern RR.
7 p. c. bonds. 47,932 57
Trustees of C., B. & Q. 5 p. c. bonds of 1895:
Cost of Investment in other than C., B.
& Q. 5 p. c. Bonds of 1895 134,551 08
Trustees of C., B. & Q. 5 p. c. Bds. of 1901 :
Cost of Investment in other than C., B.
& Q. 5 p. c. Bonds of 1901 458,834 33
New England Trust Co., Trustee "of C., B.
& Q, 4 p. c. Bonds of 1921 238,214 33
Statement of funded debt ($73,528,707.86), December 31, 1886 :
Bonds Chicago, Burlyiglon and Quincy RR. Co. ($51,850,657.86). loaned. Afloat.
(1) Trust Mortgage 7 per Cent. Bonds, due Oct. 1, 1890, interest April and October. . . . $680,000 $653,000
(2) Seven per cent. Bonds, due January 1, 1896, interest January and July 7,015,000 547,500
(3) Seven per cent. Bonds, due July 1, 1903, interest January and July 13,986,000 13,986,000
(4) 2d Mortgage (Northern C. RR.), 4s, since 1875, due July 1, 1890, int. Jan. & July . . 941,000 391,000
(5) Five per cent. Bonds, due June 1, 1895, interest June and December 462,000 378,000
(6) Five per cent. Bonds, due Oct. 1, 1901, interest April and October 2;500,000 2,825,000
(7) Five per cent. Bonds and Scrip, due May 1, 1913, interest May and November 9,000,158 9,000,158
(8) Sinking Fund 5 per cent. Mortgage Bonds (Iowa Division^ (due October 1, 1919 < 3,000,000 2,912,000
(9) Sinking Fund 4 per cent. Mortgage Bonds (Iowa Division) 1 int. April and Oct. I 10,591,000 9,890,000
(10) Sinking Fund 4 percent. Bonds (Burl. & Southw'n RR.) due Sept. 1, 1921 4,300,000 4,800,000
(11) Sinking Fund 4 per cent. Mortgage Bonds (Denver Ext.), due February 1, 1922 .... 7,968,000 7,968,000
394 POOR'S MANUAL — CHICAGO, BURLINGTON AND QUINCY RR. co.
Bonds Burlington and Missouri R. RR. Co. in Iowa ($4,395,050). Issued. Outstanding.
(12) Land Grant 7 per cent, 1st mtg. bonds, due Oct. 1. 1893, interest April and Oct $5.058,350 $4,170,550
(13) Convertible 8 per cent, bonds, due July 1, 1889, interest January and July 1.500,000 15-2,500
(14) Convertible 8 per cent, bonds, due July 1, 1894, interest January and July 900,000 72,000
Bonds Burlington and Missouri R. RR. Co. in Nebraska ($17,283,000).
(15) Consolidated mortgage 6 per cent, bonds, due Jnly 1. 1918, int. January and July.. $12.858,000 $12,&58,000
(16) Four per cent, bonds, due January 1, 1910, interest. January and July 3,347,000 3,347,000
(17) Sinking fund 6 per cent. mtg. bonds (Repub. Valley), due July 1, 1919 1,078,000 1,078,000
(I) These bonds were issued for the Peoria and Oquawka RR., when that road was acquired. They are for
$1,000 each, and are coupon. Interest payable at the National Bank ol Commerce, New York.
(2> These are for $1,000 each, and are coupon with privilege of registration, interest payable at the company's
office in Boston.
(3) Consolidated mortgage coupon $1,000 bonds, secured on 825.25 miles of road in Illinois, subject to prior
mortgages, for the redemption of which, and other purposes, the balance of the authorized iscue of §30,000,000
of these bonds is reserved. Principal of coupon bonds can be registered. Interest payable at National Bunk
of Commerce, New York. Listed on New York Stock Exchange.
(4) These bonds were issued for the Northern Cross RR. when it was acquired, and nre finally payable at
Frankfort-on-the-Main, Germany. Interest is payable in gold at the same place. Listed ai Frankfort.
(5) These bonds were issued for the Albia, Knoxville and Des Moines when that road was acquired. They
are $1,000 coupon bonds, redeemable by action of sinking fund, principal and interest payable at the company'g
office in Boston.
(6) These bonds were issued for the St. Louis, Rock Island and Chicago RR. when that road was acquired
They are $1,000 coupon bonds, redeemable by action of the sinking fund, principal and interest payable at the
company's office in Boston. Trustee : New England Trust Co., Boston, Mass. Listed on London Stock Ex-
change ; also quoted at Glasgow.
(7) These bonds ($9.000,000) and bond scrip ($157.86) were issued for Hannibal and St. Joseph RR. Co. stock.
They are $1,000 debentures, and are coupon with privilege of registration. Listed on New York Stock Exchange.
(8 and 9) These are $1,000 bonds and are coupon, with privilege of registration. They are secured by a trust
mortgage on 787 miles of road in Iowa at the rate of $16,000 per mile of single track main line and §14,000 per
mile on double track, subject to $4,915,250 prior mortgages against which the trustees hold an equal amount of
securities in the sinking fund. Annual sinking fund of 1J per cent, on bonds issued, to be applied to purchase
of 5 per cent, bonds at not exceeding 5 per cent, premium and accrued interest, or of 4 per cent, at not more than
par and accrued interest ; bonds to oe drawn at 105 and at par respectively in case of an insufficient offering.
(10) These bonds were issued in 1881 for the acquirement of the Burlington and Southwestern RR.. now
Chicago, Burlington and Kansas City RR. They are $1,000 coupon bonds, interest payable at the National Bank
of Commerce, New York. New England Trust Co., trustee. Sinking fund of 1 per cent, per annum, payable in
August, for purchase of bonds at par and accrued interest, any deficiency to be drawn by lot. Listed on New
York Stock Exchange.
(II) These bonds are not a mortgage on the railroad of this company, but are its direct obligation, secured by
an equal amount of 5 per cent. 1st mortgage bonds of the Republican y alley and the Burlington and Colorado RR.
Cos., which are a lien on over 400 miles of railroad of those companies, at the rate of not exceeding S20.000 per
mile of single track and $10,000 per mile additioual of double track, and which are held by the New England Trust
Co., tmstee. There is a sinking fund of 1 per cent, per annum for the purchase, semi-annunliy, January and July,
of bonds of the issue at par and accrued interest, any deficiency to be drawn by lot. The'y are $1,000 coupon
bonds, interest payable at the National Bank of Commerce, New York. Listed on New York Stock Exchange.
(12) These bonds are secured on 281 miles of railroad and 400.000 acres of land. They are $50, $100, $500, and
$1,000 coupon bonds, interest payable at the company's office in Boston.
(13 and 14) These are first mortgage convertible bonds, 5th and 6th series, secured on 40 miles of road, $500
$1,000 each and coupon, interest payable at company's office in Boston.
(15) These are $500 and $1,000 bonds, secured on 628 miles of road, interest payable at the company's office in
Boston. Authorized issue, $14,000,000 ; sinking fund, $30,000 per annum.
(16) These are $1,000 coupon bonds, interest payable at the office of the trustee, the New England Trust Co.,
Boston, Mass.
(17) These are $1,000 coupon bonds, secured on 148 miles of road, interest payable at the company's office in
Boston.
Statement showing the dates, rates, and amounts of all cash dividends paid on the stock
of the Chicago, Burlington and Quincy RR. Co., from the organization of the company to the
close of 1886 :
Date.
Rate
Am't.
Date.
Rate
Am't.
Date.
Rate
Am't.
Date.
Rate
Am't.
p. c.
$
p. c.
$
p. c.
$
p. c.
$
1857
15
561,375
Aug. 15, 1869
5
691,290
Mch. 15, 1878
4
1,103,403 (Dec. 15, 1882
2
1.390,162
1858
1861
5
5
231,465
232,715
Feb. 15, 1870
Aug. 15, 1870
5
5
829.500 |Sept. 15, 1878
82!>,r20!'Mch. 15,1879
4
4
1,109,424 Mch. 15, 1883
1,225.831 June 15. 1883
2
2
1.3'.il. l>32
1,391.632
Nov. 15, 1R02
3}
203,108 Feb. 15, 1871
5
829,525
St;pt. 15, 1S7!)
4
1,237,436 Sept. 15, 18.-3 2
l.Wl.tilO
May 15, 1863
Nov. 15, 1863
3*
3i
2-29,544 Aug. 15, 1871
229,544 Feb. 15, 1872
5
5
829,525
932.150
Dec. 15, 1879
Mch. 15, 1880
2
2
618,718
621,485
Dec. 15. 18S3 2
Mi-h. 15, 1881 '2
1.391. 610
1.391,630
May 25. l,sf>4
4
262,844 Sept. 16, 1872
5
932,645
May 3, 1880
H
388.699 -Tune 15. 1S84 2
1,391.630
Nov. 15, 1864
6
519,600 Mch. 15, 1873
5
1,250,127
June 15, 1880
2
1,050.15'JSept. 15. ISM -,'
1.3'.ll.6tiO
May 15, 181,5
5
418,82o :! Sept. 15, 1S7S
5
1.326,643 Sept. 15, 1880
2
1,064,568
Dec. 15. 1SS4 2
1.3!»l.fi(iO
Nov. 15, 1865
5
503,300:'Mch. 15, 1874
5
1,327,134 Dec. 15,1880
2
I,0o5,018
Mch. 15, 1885 -2
1,527.638
May 15, 186B
5
609,650
Sept. 15, 1874
5
1,888,956
Mch. 15, 1881
2
1,080,904
June 15, 1885 3
1..V27.638
Nov. 1. istii;
5
509,650 Mch. 15, 187r>
5
1.338,782
June 15, 1881
2
1,081,105
Sept. 15, 188.) 2
1.527,648
May 15, 1867
5
519,950 Sept. 15. 1875
5
1,346,754
Sept. 15, 18*1
2
1,081,902
Dec. 15, 18H5 2
1..V27.0I8
Sept. 15, 1867
Mch. 15, 1868
5
5
5l!i.9.-)<) Mch. 15, 1S76
627,195 Sept. 15, 1876
5
5
1,872,648
1,876,498
Dec. 15,1881
Mch. 15, 1882
2
2
1,105,376 Mch. 15, 1886 2
1,105.846 'June 15, is-
I,5'27.li78
1..V_>7'.r,78
Sept. 15, 18<>8
5
6J7.193
Mch. 15, 1877
5
1,876,684
June 15, 1882
2
1.261,801
Sept. 15, 1886 -2
1.5-27.C78
Mch. 15, 1809
5
627,195 Sept. 15, 1877
4
1,103,030
Sept. 15, 1882
2
1,263,790
Dec. 15, 1886
2
1,527,688
POOR'S MANUAL — CHICAGO, BURLINGTON AND QUINCY RR. CO.
395
A total of sixty-eight cash payments, aggregating 249.75 per cent, or $68,551,147. The
following distributions of stock were aLo made : November 15, 1862, $946,900 ; May, 1864,
$745,600; October 31, 1865, $1,675,300 ; September 15, 1807, $2,079,800; March 15, 1869*.
$1,254,390— total stock dividends, $6,701,990.
Statement showing stock and bonds, gross and net earnings, interest and dividend pay-
ments for 30 years.
Year Ending.
Capital
Stock.
Bonded
Debt.
Conting't
Liabilit's.
Branch
Roads.
Gross
Earnings.
Net
Earnings.
Interest
Paid.
Dividends Paid.
Per
cent.
Ann. in, t.
1857— April 30...
$
2,911,810
4,626,440
4,631,540
4,631,540
4,689,340
4,791,540
5,738,640
6,571,140
8,376,510
10,193,010
10,399,010
12,544,030
13,825,025
16,590,210
16,590,510
18,649,910
18,652,910
26,429,563
i
3,107,000
2,595,000
3,158,000
3.158,000
5,124,516
6,024,750
6,102.594
6,128,031
5,924,969
5,754,406
5,458,250
5,218,750
4,794,250
4,649,750
4,555,250
5,278.750
11,498,475
18,855,575
20.879,075
21,662,575
22,986,325
26,122,825
27,058,725
27,270,225
44,093,925
51,927,725
62,421.050
71,384.491
71,144,608
70,913,508
73,528,708
$
$
1,389,293
1,505,167
1,044,573
1,215,313
1,508,867
1,551,227
2,412,821
3,090,211
4,688,187
6,175,553
6,083,138
6,154,647
6,812,809
6,621,773
7,207,685
7,554,575
5,524,731
11,405,226
11,64S,317
11,738,448
12,003,950
12,530,875
14,113,503
14,779,715
20,454,495
21,176,456
21,550,805
26,110,369
25,483,612
26,556,425
26,728,408
663,766
758.745
334.272
505,976
733,819
839.416
1,300,363
1,431,095
2.078,039
2,799,435
2,801,244
2,887,945
3,144,187
2,630.205
2,779,011
2.604,742
2,315,944
4,970.458
5.131,805
5,308,326
5,243,094
5,352,561
6,085,893
7,043,555
10,484,5-17
9,946,968
10,118,070
12.469,386
11,253,262
11,963.486
12,083,510
$
168,040
168,636
230,383
227.740
223,501
273,986
324,635
359.140
349,035
421,566
406.758
363,555
369,547
496,252
325,781
324,352
616,716
1,966,300
1,958,892
2,014.709
1,991,957
2,139,911
2,155,972
2,110,938
3,282,718
3,430,454
3.883.7X11
4.093,005
4,304,281
4,294,263
4,391,004
15
5
$
097.902
231,465
1858
1859
1860
1861
1862
1863
1864
5
232,715
3*
7
10
10
10
15
10
10
10
10
5
10
10
10
10
9
8
10
1*
8
8
§
8
8
203,108
100,088
782,444
922,125
,019,300
.r,67,<»i»5
.254,390
,520,790
,650,045
1,761,675
932,645
2,576,770
2,661.089
2,686,686
2,749,065
2,47:i.715
2.212,827
3.081,985
4,366,064
4.349,287
5,023,599
r>..->iii;. 1x4
5,566.580
6,010,572
6,110,722
1865
1866
1867
1868
1869
1870
1871
1872
' 6,758^662
6,750,000
6,756,000
6,502,000
5,877,000
4.515,000
4,482,000
3,319,000
3,2*3,000
10,324,800
7,195,000
6,227,000
6,024,000
6,016,000
6,011,000
6,011,000
1872—8 mos. to Dec. 31
1873— Dec 31 .
1874
26,639.013
27,512,842
27,598,242
27,644,917
27,956,817
31,004,457
54,413,197
55,337,449
69,649,697
71,941,247
76,450,147
76,384,525
76,386,525
1875
1876
1877
1878
1879
1880 . ...
1881
1882
1883
1884 ' ....
1885 ' ,
1886 ' ....
Included in the dividend payment for 1857 are dividends amounting to $136,527, paid
on the stocks of the consolidating companies prior to the consolidation, and in that for 1880 a
dividend of $196,146, or 2 per cent., paid on the stock of the Burlington and Missouri River
RR., in Nebraska, on February 2, 1880, both having been paid from the net earnings shown
above ; but they are not shown in the dividend statement, as they were not paid on C., B. &
Q. stock.
Since the close of the fiscal year the company has made an issue of Nebraska Extension
4 per cent. 50-year bonds to the amount of $12,000,000, due May 1, 1927, interest payable
May and November, the authorized issue being limited to $20,000 per mile of main track and
$10,000 per mile additional for second track. The bonds are a direct obligation of the Chi-
cago, Burlington and Quincy RR. Co., but are not a mortgage, and are secured by deposit of
first mortgage bonds of Nebraska branch roads at the rate of $20,000 per mile. They are
$1,000 coupon bonds with privilege of registration of principal, bat not of coupons, in sums
of $5,000. There is aYmking fund of 1 per cent, per annum for the retirement of the bonds>
provided they can be bought at 110 and accrued interest ; but there can be no drawing of
bonds, or compulsory retirement. Trustee : New England Trust Co., Boston, Mass. Interest
payable in New York and Boston. A simultaneous issue will be made in Berlin.
The contingent liabilities for branch lines ($6,011,000) are as follows :
Issued. Outstanding.
Ottawa, Oswego and Fox River Valley RR. 8s, payable July 1, 1900 ........................ $1,260,000 81.076,000
Illinois Grand Trunk RR., 8s, payable October 1, 1890 .................................... 957,500
Quincy and Warsaw RR. 8s, payable July 1,1890 .......................................... 800,000
Dixon, Peoria and Han.iibal RR. 8s, payable July 1, 1889 ................................. 800,000
Omaha and Southwestern RR. 8s, payable June 1, 1896 ................................... 1.034.(KTO
Nebraska Railway, 7s, payable October 1, 1896 .......................................... 1,836.000
Atchison and Nebraska RR. 7s, payable March 1, 1908 .................................... 1'1~5-9°5
Lincoln and Northwestern RR. S. F. 7s, payable January 1, 1910 ........................... 600,000 600,000
81HI.500
396
POOB S MANUAL — CHICAGO, BUKLINGTON AND QU1NCY RB. CO.
The differences of amounts issued and the amounts outstanding have been paid off at
maturity, exchanged for stock or for other bonds, or purchased on account of the several
sinking funds.
Statement of operations, income and capital accounts, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Road Dec. 31
Miles of Track
2,771.89
3,3X0.42
1,040.00
2,511.74
441
184
84
14,961
1,500
1,842,575
6,099,075
2,800,157
6,636',i86
" $""
3,534,209
16,054,196
866,089
2,924.33
3,549.64
1,286.00
2,822.00
484
203
88
16,903
1,655
2,648,056
7,151,377
3,202,818
6,710,756
"$'"
3,616,086
16,595,819
964,550
3,228.90
3,870.96
1,610.50
3,099.43
522
234
105
18,344
1,844
3.659,636
7,313,429
3,3(17,898
178,333.626
6.346,259
1,122.808,402
$
4,756,992
15,711,510
1,082,303
3,330.90
4,121.31
1,889.50
3,254.57
542
253
97
18.860
1,936
3,659,636
7,215,006
4,123,637
243.94IJ.741
7,645,701
1 552 141,453
$
5,285,839
19,514,161
1,310,369
3,471.67
4,341.81
2,184.50
3,398.79
587
271
109
20,200
2,057
3,646.04
4,556.43
2,485.00
3,531.33
598
280
112
21,984
2,223
4.036.03
4,753.23
8,111.80
3,742.97
619
292
118
23.084
2,403
Miles of Steel Rail
Average Miles Operated..
Locomotive Engines
Passenger Cars
Baggage, etc., Cars.
Freight Cars
Other Cars
Passenger Train Mileage. .
Freight Train Mileage
Passengers Carried
4,519,185
7,525,997
""$""
5,339,366
18,514,431
1,629,315
5,134,312
8,431,808
""$' "
5,286,408
19,565,853
1,704,164
5,213,595
' 8,534,768
$""
5,633,261
19.367,935
1,727,112
Passensrers One Mile
Tons Freight Moved
Tons Freight One Mile
Passenger Earnings
Freight Earnings..
Other Earnings
Gross Traffic Earnings
Operating Expenses
20.451.494
9,804,493
21,176,456
11,066,513
21,550,805
11,283,963
26,110,369
13,496,478
25,483,612
14,090,746
26,556,425
14,405,767
26,728,408
14,491,683
Net Traffic Earnings
10,650.001
936.8C7
4,416 263
10,109,943
' 1,318,131
119,419
10,2fi6,842
5,053,712
1,769,837
12,613,891
1,919,969
6,652,788
11,392,866
1,696,361
9,236,223
12.150,658
1,578,229
10,876,920
12.236.725
1,462.113
12,367,370
Other Receipts, Lands, etc.
Balance on Hand
Available Revenue
16,003,131
203,006
3,282,718
1*10,584,603
1,250,000
563,384
119,419
8,143.55
3,727.65
4,415.90
47. 88 p. C.
$
54,413,196
44,093,925
10,324,800
1,638,906
3,738,207
1,081,798
119,419
3,250.000
6,744,105
11,547,493
310,668
3,430,454
4,349,287
1,000,000
687,246
1,769,837
7,504.05
3,762.11
3,741.94
52.26 p. c.
$.
55,337,446
51,027,725
7,195,000
4,136,862
4,691,366
1,244,312
1,769,837
4,250,000
8,186,506
17,090,391
148,772
8,883,789
5,023,599
750,000
631,443
6,652,788
6,953.15
3,442.03
3,511.12
52. 36 p. C.
$
69,6-19,697
62,421,050
6,227,000
3,794,122
5,888,048
21,186,648
144,506
4,093,005
5,566,484
1,500,000
646.430
9,236,223
8.02268
3,926.98
4,095 70
51. 69 p. C.
$
71,941,247
71,384.491
6,024,000
1,660,608
5,844,213
22,325,450
139,604
4,304,281
5,566,650
500,000
938,065
10,876,920
7,497.85
3,846.23
3,651.63
55. 29 p. c.
$
76,450,147
71,144,608
6,016,000
1,178,251
5,913,903
24.605,807
187,171
4,294,263
6,010,572
1,000,000
646,430
12.367.370
7,520.23
3,928.30
3,591.93
54.25 p. c.
S
76,384,525
70,913,508
6,011,000
2,776,741
6,223,636
26,066,208
153,215
4,391,004
6,110,722
1,000,000
670,295
13,740,972
7,140.90
3,871.67
3,269.23
54.22 p. c.
$
76,386,525
73,528,708
6,011,000
4,094.518
6,567,879
Rent of Tracks
Interest on Bonds
Dividends
Renewal Fund. . .
Sinking Fund
Balance, Surplus .
Gross Earnings per Mile...
Gross Expenses per Mile. .
Net Earnings per Mile
Expenses to Earnings
Capital Stock
Funded Debt
Cont. Liabilities (Br. Li's).
Bills, Acc'ts & Sundry Bal.
Profit and Loss
Local Aid, etc
Income Account
6,652,788
5,000,000
6,198,676
9,236,223
6,500,000
7,623,526
10,876,920
7,000,000
9,189,463
12,367,370
8,000,000
10,538,991
13,740,972
9,000,000
12,062,935
Renewal Fund. .
Sinking Funds
Total Liabilities
125,404,356
80,316,873
29,279,314
2.074,740
4,067,324
4,540,669
3,520,158
1,605,278
138,739.054
84,81(5,184
32,710.^30
1,295.190
4,912,352
10,581,988
2,641,433
1,781,127
165,831,381
98,734,542
84,758,579
2,575,996
4,609,347
16,342,894
5,963,363
2,846,660
180,214,308
100,870,948
35,85\!,!HW
1,584,042
5,755,131
25,213.514
8.709,868
2,221,842
187.769,292
ia3,605,581
111,878
1,807,508
7,088.848
26,285,231!
7,035,349
3,675,432
193.215.771
105,458,857
41,291,734
1,858,025
8,331,197
26,920.963
6,291,466
3,063,529
201.391,637
107,269,863
47,642,679
1,814.187
9,651,268
26,685,953
5,901,330
2,426,357
Construction & Equipment
Const ruction Brandies
Materials on Hand
Sundry Trusts
K.C.,St.J.&C.B.secur. etc.
Current Accounts, etc
Cash in Treasury, etc
Total Assets
125,404,356
138,739,054
165,831,381
180,214,308
187,769,292
193,215,771
201 391 637
* This includes a stock dividend of $6,218,639.
Land Department. — The Iowa grant, made under the Act of May 15, 1856, and acquired
by a consolidation with the Burlington and Missouri Railroad, consists of six sections per
mile. The Nebraska grant made under Act of July 2, 18G2, and acquired by a consolidation
with the B. & M. RR. of Nebraska consists of 20 sections to the mile of line.
The sales in Iowa in 1886 amounted to 9,143.14 acres for $53,378.50 (average, $5.83 per
acre); lands reverted, 3,628.84 acres, representing $49,079.50 ; net results*, 5,514.30 acres for
$4,299 ; an average of 77 cents per acre. Cash receipts during year, $200,017.48 ; disburse-
ments— home expenses, commissions, etc., $8,606.72 ; taxes, $3,480.15. Surplus, paid treas-
rOORS MANUAL OF RAILROADS. 397
urer, $187,930.61. Assets, December 31, 1886 : Principal represented by contracts on hand,
$427,680.45; interest represented by contracts on hand, $49,034. 42 : sundry assets, tax re-
ceipts and accounts, $2,353.27, and 12,000 acres unsold land, estimated at $5 per acre, $60,-
000— total, $539,068.14. or less partial payments ($13,307.80), $525,760.34.
The sales in Nebraska in 1886 amounted to 14,951.31 acres for $97,775.85, an average of
$6.53 per acre ; lands reverted, 4,004.30 acres, representing $28,146.04 ; net results of year's
operations, sales of 10,947.01 acres for $69,269.81, an average of $6.82 per acre. Cash re-
ceipts in 1886, $873,986.53 ; disbursements— taxes and tax expenses, $8,602.15 ; legal ex-
penses, $3,492.43 ; salaries and office expenses, $13,164.84 ; agencies, advertising, commis-
sions, $1,962.72— total, $27,222.14. Deduct assets collected during year. $56.48 ; net dis-
bursements, $27,165.66. Surplus paid treasurer, $846,770.87. Assets, December 31, 1886:
Principal represented by contracts on hand, $1,829,849.11 ; interest represented by contracts
on hand, $359,743.41 ; due from tax delinquents, and other assets, $8,416.03 ; town lots un-
sold, Wilber and Firth, $2,000, and 81,000 acres unsold land, estimated at $4 per acre, $324,-
000— total, $2,524,008.55, or less partial payments ($15,622.66), $2,508,385.89.
Board of Directors Chicago, Burlington and Quincy RR. Co., elected May 19, 1886.
John M. Forbes Boston, Mass.
Sidney Bartlett Boston, Mass.
Charles J. Paine Boston, Maes.
John L. Gardner Boston, Mass. I T. Jeff. Coolidge.. Manchester, Mass.
H. H. Hunnewell Boston, Mass. J. N. A. GrifWold..New York. N. Y.
Edward Bangs Boston, Mass. | Peter Geddes New York, N. Y.
Wirt Dexter Chicago, 111. | Charles E. Perkins. .Burlington, la.
JOHN M. FORBES, Chairman Board of Directors Boston, Mass.
CHARLES E. PERKINS, President Burlington, la.
\st Vice-President— Thomas J. Potter Chicago, 111.
Zd Vice-Preft. and Trtaf.—J&e. C. Peasley. Chicago, 111.
General Solicitor and Counsel— Wirt Dexter.Chicago, 111.
Secretary— Thomas S. Rowland Boston, Mass.
Actg. Compt. & CT k of Board. W. J. Ladd.Boston, Mass.
General Auditor — John L. Lathrop Chicago, 111.
General Manager— Henry B. Stone Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
Transfpr Ao-pnripq 1 James L. Carter, Company's Office, Boston, Mass.
es \ National Bank of Commerce, New York, N. Y.
CHICAGO, DETROIT AND CANADA GRAND TRUNK JUNCTION RAILWAY
COMPANY.
Line of Road. — Detroit Junction, Mich., to Fort Gratiot, Mich 59.37 miles.
Sidings, etc., 21.97 miles. Gauge, 4 ft. 8| in. Rail (steel, 81.34 m.), 60 and 65 Ibs.
History. — Chartered March 18, 1858. Road opened in November, 1859. Leased and
operated by Grand Trunk Railway Co. of Canada, which supplies rolling stock and advances
any deficiency in net income to meet interest and dividend payments.
Operations for year ending December 31, 1886. — Train mileage — passenger, 121,667 ;
freight, 85,178 ; mixed, 31,619— total, 238,464 miles. Passengers carried, 147,299 ; carried
one mile, 4,532,375. Tons freight moved, 283,733 ; moved one mile, 9,645,678.
Earnings.— Passenger $118,199 98
Freight 99,422 06
Mail and Express 18,57397
Other ... 849 52
Total ($3,992.70 per mile) $237,045 53
Kxpensei.— Maintenance Way $48,815 19
Eolling Stock 50,709 07
Transportation 91,27903
Miscellaneous and Taxes 14,11323
Total ($3,451.52 per mile) $204,916 57
Net earnings, $32,128.96. Payments — Interest on funded debt, $65,700 ; dividends on
stock (4 per cent.), $43,800— total, $109,500. Deficit, $77,371.04, advanced by lessee.
Financial Statement, December 31, 1886.— Capital stock paid in, $1,095,000. Funded
debt, 1st mortgage 6 per cent. 20-year $100 bonds, due July 1, 1884, interest payable quarterly,
January, April, July and October, $1,095,000. Bond to G. T. Ry., 5 per cent., exchangeable
for stock within 10 years from June 26, 1883, $691,141.45. Total, representing cost of road
and equipment, $2,881,141.46.
Annual meeting, last Wednesday of September. Interest payable at London, Eng.
This company has paid semi-annual cash dividends of 2 per cent, each on first days of June
and December each year since 1863.
398
POOR'S MANUAL OF RAILEOADS.
Directors (elected September 29, 1886). — Joseph Hickson, L. J. Seargeant, Robert
Wright, Montreal, Qne.; John Bell, Belleville, Ont.; E. W. Meddaugh, Detroit. Mich.
JOSEPH HICKSON, President Montreal, Can.
L. J. Seargeant, Vice-President Montreal, Can.
Secretary and Treas.— Robert Wright. .Montreal, Qne. | General Manager— W. J. Spicer '.Detroit, Mich.
Attorney— TZ. W. Meddaugh Detroit, Mich. | Accountant— James H. Muir Detroit, Mich.
PRINCIPAL OFFICE AND ADDRESS Detroit, Mich.
Transfer Offices Detroit, Mich., and London, Eng.
CHICAGO, FAIRCHILD AND EAU CLARE RIVER RAILROAD COMPANY.
Main Line of Road.— Fairchild, Wis., to Eau Clare River, Wis 12
Branch : Junction to Mentor, Wis 4 — 16 miles.
Sidings, etc., 2 miles. Gauge, 4 ft. 8£ in. Rail, 25 Ibs. per yard.
History. — Road built in 1884, and operated as a lumber and logging road.
Rolling Stock. — Locomotives, 4. Cars — freight (platform), 35 ; other, 1.
Operations for year ending June 30, 1886. — Not reported. Gross earnings, $23,594.45 .
operating expenses and taxes, $12,519.91. Net earnings, $11,074.54.
Financial Statement, June 30, 1886.— Unfunded debt, $28,041.38; income account, $39,-
613.17— total, $67,654.55. Contra : Cost of road, $62,286.41 ; real estate, etc., $2,896.71 ;
materials and supplies, $2,471.43— total, $67,654.55.
N. C. FOSTER, Owner and General Manager Fairchild, Wis.
G. A. Foster, Secretary Fairchild, Wis.
PRINCIPAL OFFICE AND ADDRESS Fairchild, Wis.
CHICAGO, MILWAUKEE AND ST. PAUL RAILWAY COMPANY.
Main Line of Road. — Chicago, El., to Minneapolis, Minn 421.00 miles.
Other Divisions and Branches, shown below 4,876.74 miles.
Total length of lines operated December 81, 1886 5,297.74 miles.
Average mileage operated during 1886 4,977.00 miles.
2d track, 25 miles ; sidings, 787 m. Gauge, 4 ft. 8£ in. Rail (steel, 3,161 miles), 56 to 67 Ibs.
Statement in detail of the lines of C., M. & St. P. Ry. Co. :
Chicago Division.
Milwaukee, Wis., to Western Av.,
Chicago, III , 82.26
P. C. & St. L. Jc. to Milwaukee Av.,
Chicago 0.40
Junction to Liberty ville, 111 3.00— 85 . 66 m.
Eacine and Southwestern Division.
Eacine, Wis., to Kittredge, 111 119.60
Savanna to Port Byron Jc., Ill 47.90
Eagle to Elkhorn, Wis 16.59
Watertown to Hampton Mines, 111 . . 4.25
Rockton to Rockf ord, 111 15.15
Elk River Jc. to Clinton, la 10.05
Davenport to Jackson Jc., la 150.96
Eldridge to Maquoketa, la 32.30
Farley to Paralta, la 43.63—440.43 m.
Chicago and Council Bluffs Division.
Chicago, 111., to Council Bluffs, la.. 489.41
Galewood to Dunning, 111 2.67 — 492.09 m.
Cedar Rapids and Ottumwa Line.
Marion, la., to Ottumwa, la
Kansas City Extension.
Ottumwa, la., to Eud of Track
96.28 m.
32.37 m.
Prairie du Chi en Division.
Milwaukee to Prairie du Chien 194.40
New Line, Milwaukee, Wis 1.15
Prairie du Chien to Bridge Switch. . 0.50
Mazomanie to Prairie du Sac 10.34
Lone Rock to Richland Centre 16.00
Stock Yards to W. Milwaukee Jc. 0.67—223.06 m.
Mineral Point Division.
Milton to Shullsburg, Wis 76.70
Janesville to Beloit Junction,Wis. . . 13.86
Brodhead to Albany, Wis 7.15
Warren, Wis., to Mineral Point, 111.. 32.75
Calamine to Platteville, Wis 18.00—148.46 m.
La Crosse Divison.
Milwaukee to La Crosse, Wis 196.33
Madison to Portage, Wis 39.00
Watertown June, to Madison, Wis. 36.48
Lisbon to Necedah, Wis 12.86
Viroqua Junction to Viroqua, Wis. 32.20
La Crosse to Levee, Wis 0.75
North La Crosse to Onalaska, Wis. . 3.76—321 .38 m.
Wisconsin Valley Bailroad.
Tomah to Merrill, Wis 108.53 m.
POOR'S MANUAL — CHICAGO, MILWAUKEE AND ST. PAUL BY. CO.
399
Dubuque Division.
Sabula Jc. la., to La Crescent, Minn. 161. 55
Turkey River Jc. to W. Uuion, la. . 58.17
Bellevue to Cascade, la 35.62
Waukon Junction to Waukon, la . . 22.81
Caledonia June, to Preston, Minn. .. 57.52—385.67 m.
Northern Division.
North Milwaukee to Portage, Wis. . 97.18
Beaver Dam Jc. to Beaver Dam 2.09
Fox Lake Junction to Fox Lake 2.70
Hoi-icon to Berlin, Wis 42.30
Rush Lake to Winneconne,. Wis 14.80
W. Milwaukee to Schwartzburg,
Wis 6.39
Ripon to Of hkosh, Wis 20.00
Brandon to Markesan, Wis 11.46
Iron Ridge Junction to Fond du Lac. 27.67
Cement Line Junction to Rock 1.00—223.49 m.
Biver Division.
Bridge Switch to Sr,. Paul, Minn. . . .128.51
St. Paul to St. Paul Junction 5.56
St. Paul to Short Line Junction . . . 8.80
St. Croix Junction to Still water.... 24.90—167.27 m.
Wabasha Division-
Wabasha to Zumbrota, Minn 60.09m.
Iowa and Dakota Division.
Calmar, la., to Chamberlain, Dak... 899.20
Mat" on City, la., to Austin, Minn 39.29
Emmetsburg to Estherville, la 22.50
Spencer to Spirit Lake, la 20.02
Marion Jc. to Running Water, Dak.. 62.34—543.35 m.
Sioux City and Dakota Division.
Sioux City, la. , to Yankton, Dak. ... 61 .30
Yankton to Mitchell, Dak 74.55
Tripp to Armour, Dak 20.15
Sioux City to Manilla, la 76.71
Rock Valley. la. , to Eden, Dak ..... 9.38
Elk Point, la., to Sioux Falls, Dak.. 69.92
Sioux Falls Jc. to Sioux Falls, Dak. 32.65—344.66 m.
Southern Minnesota Division.
North La Crosse, Wis., to Woon-
socket Junction, Dak 398.04
Madison to Lake Preston, Dak 30.12
Wells to Mankato, Minn 40.00—468.16 m.
Hastings and Dakota Division.
Hastings to Ortonville, Minn 202.10
Ortonville Jc.,Minn.,to Bowdle.Dak. 165.55
Mitchell toEdgeley, Dak 191.29
Milbank Junction to End of Track. . 33.00
Andover to Harlem, Dak 55.56
Minneapolis to Benton, Minn 28.88
Glencoe to Hutchinson, Minn 13.27
Roscoe to Mentone, Dak 40.75—731.08 m .
Fargo Southern Branch.
Ortonville, Minn., to Fargo, Dak
116.97 m.
Chippewa Valley Division.
Wabasha, Minn., to Central Jc., Wis. 61.31
Central Jc. to Chippewa Falls, Wis. 1.22
Red Cedar Junction to Cedar Falls. . 20.67— 83.20 m.
Iowa and Minnesota Division.
Mt. Gregor, la., to Min'lis, Minn 215.42
Conover to Decorah, la 9.04
Beulah Junction to Elkader, la 19.10
Northfleld to Cannon June. Minn ... 31.98— 275.54 m. Total, December 31, 1886 5,297.74m.
Lines in Wisconsin, 1,229.89 miles ; in Illinois, 309.92 miles ; in Iowa, 1,513.71 miles ;
in Minnesota, 1,117 miles ; in Dakota, 1,115.26 miles ; in Missouri, 11.96 miles.
History. — This company was organized May 5, 1863, under the name of the Milwaukee
and St. Paul Ry. Co., by the purchasers, at foreclosure sale, April 25, 1863, of a portion
of the La Crosse and Milwaukee RR. Subsequently it acquired by purchase the Mil-
waukee and Western, the Milwaukee and Horicon, and the Ripon and Wolf River RRs.,
and the Eastern Division of the La Crosse and Milwaukee RR. On February 14, 1874, un-
der authority of an act of the Legislature of the State of Wisconsin, the name was changed
to the Chicago, Milwaukee and St. Paul Ry. Co. At that time the mileage had been increased
by the absorption of various lines and the construction of sundry links until the total length
of completed roads owned equalled 1,399 miles. In addition to this the company owned a
majority interest in the Western Union RR., having a total mileage of 212.75 miles. In the
succeeding years there was no considerable increase of mileage until 1878, when it increased
to 1,539 miles.
From 1879 to 1885, inclusive, the mileage was increased through new construction, etc.,
to 4,921 miles. (For details, pee MANUALS for 1885 and 1886.)
The following new mileage was opened during 1886: New depot line, Milwaukee, 1.15
miles, opened December 19 ; Stulta to Elkader, la., 4.77 miles ; opened September 15 ; Sioux
to Rodney, la., 37.20 miles, opened December 27 ; Glencoe to Hutchinson, Minn., 13.27 miles,
opened September 10 ; Scotland to Mitchell, Dak., 47.67 miles, and Mitchell to James River
Junction, 0.68 mile, both opened September 10 ; Tripp to Armour, Dak., 20.15 miles, opened
October 24; Madison to Lake Preston, Dak., 80.12 miles, opened December 27 ; Andover to
Harlem, Dak., 55.56 miles, opened August 30 ; Ellendale to Edgeley, Dnk., 23.77 miles,
opened October 25 ; Ipswich to Bowdle, Dak., 80.09 miles, opened September 13— a total of
400
POOR'S MANUAL— CHICAGO, MILWAUKEE AND ST. PAUL BY. CO.
264.43 miles. The following mileage was also built in 1886, but was iiot opened for business
in that year : Kansas City Extension, 32.37 miles ; between Rodney and Manilla, la., 39.51
miles ; from Roscoe to Mentone, Dak., 40.75 miles. Total construction in 1886, 377.06 miles.
During 1886 the company acquired one-fifth interest in the Belt Ry. Co. of Missouri,
and contracted with that company for the use of its road as an entrance into Kansas City.
A new passenger station at Milwaukee, completed during 1886, is used jointly by this com-
pany, the Wisconsin Central, and the Milwaukee and Northern Companies. A contract has
been entered into with the Wisconsin Central Lines for the use of the tracks of this com-
pany's Northern Division from Rugby to Milwaukee, 27.6 miles, and terminal facilities at
Milwaukee, including access to the industries reached by the tracks of this company. In
October, 1886, the company purchased the Dakota and Great Southern Ry., and assumed
$988,000 1st mortgage bonds outstanding on that road.
Boiling Stock. — Locomotives, 704. Cars — passenger, 303 ; sleeping, 51 ; parlor, 9 ; din-
ing, 10 ; baggage, postal, mail and express, 223 ; freight (box, 13,947 ; stock. 2,313 ; flat and
coal, 4,652 ; refrigerator, 351), 21,263— total, 21,859. Caboose, wrecking, tool, etc., 467.
Statement of rolling stock for 13 years, 1874-86 :
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
Locomotive Engines
263
208
208
214
236
289
425
527
626
657
658
684
704
( Passenger
106
ior
115
115
121
140
189
240
285
311
339
360
873
Cars : < Baggage, etc
57
57
60
62
67
91
139
135
176
196
203
215
223
(Freight
3,660
4,091
4,248
4,803
5,329
7,301
13,315
16,740
18,524
19,712
19,657
19,295
21 263
Total Revenue Cars. . .
3,823
4,255
4,417
4,980
5,417
7,532
13,634
17,115
18,985
20,219
20,204
19,870
21,859
Operations for year ending December 31, 1886. — See tabulated statement below.
Earning.— Passenger $5,661,689 76
Freight 17,358,294 49
Mail
Express
Sleeping and Parlor Cars
Stock Yards....
Extra Baggage
Elevators
All Other Sources
676,971 74
379,036 79
121,528 40
90,945 34
81,971 87
. 202,377 67
142,587 11
Expenses.— Maintenance of Way $2,707,326 84
Repairs of Cars 1,310,797 00
Repairs of Locomotives 937,220 16
Fuel 1,962,681 25
Transportation 5,784,630 45
Stock Yards 15,515 61
Elevators 58,51385
Taxes 759,350 44
Miscellaneous 1,024,228 50
Total ($4,966.53 per mile) $24,718,403 17 Total ($2,925.51 per mile) $14,560,264 10
Net earnings (41.09 per cent.), $10,158,139.07.
Income Account for year 1886.
Balance, January 1, 1886 $7,049,108 90 Dividends on Common Stock $1,545,213 06
Dividends on Preferred Stock 1,507,863 00
Interest on Bonds 6,241,092 52
Balance, Surplus, December 31 , 1886 8,057,733 52
Gross Earnings $24,718,403 17
Working Expenses 14,560,26410— 10,158,19307
Income from other Sources 144,654 13
Total $17,351,902 10 Total $17,351,902 10
Dividends on common and preferred stock were paid during 1886 as follows : April 15,
3i per cent, on preferred and 2£ per cent, on common from the surplus earnings of the last
half of 1885, and October 15, 3^ per cent, on preferred and 2£ per cent, on common from net
earnings of 1886. In April, 1887, a dividend of 3^ per cent, on preferred and 2£ per cent, on
common was made for the last half of 1886, making in all 7 per cent, on preferred and 5 per
cent, on common from the earnings of that year.
General Balance Sheet, December 31, 1886.
Cost of Road and Equipment ............ $165,898,616 21
Coal Lands
Stocks and Bonds, etc
583,525 71
877,486 45
Stock of Material on Hand .............. 2,048,984 69
Dues and Current Accounts ............. 637,479 79
Bills Receivable ......................... 131,302 66
CashonHaud ........................... 4,682,433 53
Total Assets ......................... $174,859,829 04
Capital Stock, Preferred ................. $21,555,900 00
Capital Stock, Common ................. 30,904,261 00
Funded Debt ............................ 111,658,000 00
Vouchers and Pay-Roils ................. 2,249,108 77
Current Balances
Dividends and Interest Unpaid
Income Account ................. .
341,471 82
93,353 93
8,057,733 52
Total Liabilities $174,859,829 04
POOK'S MANUAL— CHICAGO, MILWAUKEE AND ST. PAUL RT. CO. 401
Statement of operations, capital account, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles (average) of RR
3,775
2,773,287
9,172,147
1,040,529
10,986,973
2,127,501
111,561.919
3,260,553
504,876,154
$
3,199,051
8,834,227
1,042,841
3.830
3,489,438
9,762,800
1,714,292
14,966,530
2,985,885
137.940,086
4,276,088
697,347.607
$
3,938,989
11,884,796
1,201,677
4,296
4,495,232
11,689,802
2,120,287
18,305,821
8,956,814
200,790,926
5,127,767
945,250.159
I
5,179,078
14,002,335
1,205,313
4,549
5,360,178
13,700,262
1,389,496
20,44!),931
4,591,232
285,579,660
5,661,667
1,176,605,032
$
5,927,668
16,365,354
1,366,801
4,880
5,827,235
13,393,275
1,158,481
20,378,1)91
4,Wi4,«7H
225,851,443
6,023,016
1,247,737,2:33
$
5,766,843
16,128.964
1,575,191
4,862
6,106,153
13,687.054
860,170
20.603.377
4,819,187
214,550,187
6,482,869
1,337,721,453
8
5,499,737
17,101,742
1,811,794
4,977
6.600.818
14,190,797
1,185,427
21,876,442
5,481,400
234,444,740
7,085,072
1,486,509,713
5,661,690
17,358,294
1,698,419
Passenger Train Miles
Freight Train Miles. .
Other Train Miles
Total Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight ;ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous
Gross Traffic Earnings
13,086,119
7,742,426
17,025,462
10,317,931
20,386,726
12,186,073
23,659,823
13,778,038
23,470,998
13,859,628
24,513,273
14,512,471
24,718,403
14,560,264
Transportation Expenses
Net Traffic Earnings
5,343,693
324,298
5,667,991
2,837,384
1,937,862
892,745
4,776 95
2,648 80
2,128 15
59. 20 p. c.
2.84 c.
1.76 c.
$
15,404,261
12,404,483
6,707,531
635,308
7,342,839
4,127,389
1,965,722
1,249,728
4,445 29
3,693 98
1,751 31
60. 61 p. c.
2.86 c.
1.70 c.
$
20,404,261
14,401,483
8,200.653
623,814
8,824,467
4,786,053
2,461,042
1,577,372
4,475 51
2,836 61
1,908 90
59. 80 p. c.
2.58 c.
1.48 c.
$
27,904,261
16,447,483
9,881,785
164,707
10,046,492
5,373,925
3,212,895
1,459,672
5,201 10
3,028 80
2,172 30
58. 23 p. c.
2.52 c.
1.39 c.
$
30,904,261
16,540,983
9,611,370
82,306
9,693,676
5,918,608
3,321,167
453,901
4,910 25
2,899 50
2,010 75
59. 05 p. c.
2.55 c.
1.29 c.
$
30,004.261
16,540,783
9,900,802
105,939
10,006,741
6,096,574
2,388,039
1,522,128
5,021 24
2,984 88
2,036 36
59.45 p. C.
2.56C.
1.28 c.
$
30,904,261
21,540,900
10,158,139
144.654
10,302,793
6,241,093
3,053,076
1,008,624
4,966 53
2,925 51
2,041 02
58. 90 p. C.
2.42 c.
1.17 C.
1 $
30,904,261
21,555,900
Other Receipts
Available Revenue
Interest on Bonds.
Dividends
Balance, Surplus
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per Mile.
Aver. Rate per Ton per Mile. .
Common Stock
Preferred Stock
Total Stock. . .
27,808,744
67,172,000
3,936,147
53,470
4,343,283
34,805,744
79,059,000
6,060,111
118,727
5,593,011
44,351,744
89,635,500
8,864,848
83,163
8,610,408
47,445,244
96,272,000
5,132.205
93,488
5,079,080
47,445,244
100,154,000
2,604,084
99,791
5,532,981
52,445,161
101,470,01)0
1,729,268
164,958
7,049,109
52,460,161
111,658,000
2,690,681
93,354
8,057,733
Funded Debt
Sundry Bills and Accounts
Coupons and Divid'ds Unpaid.
Income Account
Total Liabilities
103,313.644
99,185,683
125-636,593
120,073,630
146-554.663
137.631,949
154,022,017
146,093,665
944,132
1,161,980
1.223,043
1,600,812
3,048,965
156,936,050
149,426,734
680,475
1,228,283
1,483,365
1,146,060
2,971,133
162,858,4%
154,228,775
617,026
754,792
1,543.217
1,452,308
4,262,378
174,859,829
105,898:616
583.526
877,486
2,048,985
768,782
4.f.«2,434
Cost of Road and Equipment.
Coal Lands, etc
Stocks and Bonds
2,163,567
797,451
783,992
382,951
2,186,142
1,028,764
1,792,856
555,201
2,096,635
1,495,113
2,361,234
2,969,732
Materials
Sundry Accounts and Bills
Cash on Hand
Total Assets
103,313,644
125,636,593
146554,663
154,022,017
156,936,050
162,858,496
174,859.829
The preferred stock is entitled to 7 per cent, dividends, non-cumulative, after payment
of interest on all bonds, the company having the privilege of reserving, as a working capital
a sum not exceeding $250,000 over the floating debt and the accrued interest on the mort-
gage bonds. After payment of 7 per cent, on common stock both classes share any further
profits pro rata.
Bonds of all classes are $1,000 each with provision for registration of principal of coupon
bonds. The consolidated and many of the divisional mortgage bonds may be converted into
preferred stock at any time within 10 days after dividends have been paid.
Stock and all the bonds (except land grant incomes, $1,838,000; Dubuque Div., $6,643,-
000; and Wisconsin Valley Div., $1,683,000) are listed on the New York Stock Exchange.
Annual meeting in June — day appointed by directors. Books close for annual meeting about
16 days prior thereto, and remain closed about 31 days. Books close for dividends about
March 24 and September 24, and reopen about April 17 and October 17.' Most of the Wiscon-
sin Valley Div. and Dubuque Div. bonds are held in Boston and are probably listed on the
exchange of that city. Stock must be owned one day before closing of transfer books to
entitle holder to vote. Voting power attaches to all registered bonds. Registrar of stock,
Union Trust Co., New York ; transfer agents, James M. McKinlay, J. M. Bokee, C. B. Ferry.
26
402
POOR'S MANUAL — CHICAGO, MILWAUKEE AND ST. PAUL BY. CO.
Statement of fucded debt of C., M. and St. P. Ry. Co., December 31, 1886 :
Description of Bonds.
Date of Bonds.
Property Mortgaged.
Interest.
Amount
Out-
standing.
Annnal
Inte'st.
Issued.
Payable.
Road and Location.
L'g'h.
Rate.
P •
73-10
{
Payable.
July 1, 1875
July 1, 1884
July 1, 1880
1818
1867
1868
1868
1873
1872
1872
1869
July 1, 1878
187-'
Jan. 1, 18^
Jan. 1, 1880
July l, 1879
July 1, 1879
Apr. 2, 1880
Jan. 1, 1881
Jan. 1, 188'
July 1, 1880
July 1, 1880
July 1, 1880
July 1, 1881
July 1, 1881
July 1. 1886
1880
July 1, 1906
July 1, 1911
July l, 1916
1893
1897
189f
18<>8
1903
1908
1902
1899
July 1, 1908
1902
Jan. , 1910
Jan. , 1910
July , 1909
July , 1919
Jan. , 1910
Jan. , 1921
Jan. , 1910
July , 19lo
July , 1920
July 1, 1920
Jr.ly 1, 1921
July 1, 1921
July 1, 1926
1890
1,412.80
Jan. A July
Jan. & July
Jan & July
Jan. & July
Jan. & July
Feb. & Aug.
Feb. & Au<r.
Jan & July
Jan. & July
Jan. & July
Jan & July
Jan. AJuly
Jan. & July
Jan. & July
Jan. & July
Jan. & Julv
Jan & July
Jan. & July
Jan & July
Jan. & Julv
Jan. & July
Jan & July
Jan. A July
Jan. & July
Jan & July
Jan & July
Jan. & July
Mar.* Sept.
Apl. A Oct
Jan & July
Jan. & July
Jan. & July
Jan. & July
Jan. * July
Apl. & Oct.
Jan. & July
1
11,470,000
4,303,000
2.000.000
6,264,000
3,198.000
8,'.74,000
1,241.000
2.893.900
8,094,0!IU
710.601
541,0 0
8,605,000
89,000
5.680.000
686.000
4.000,000
2..TOO,Ol'0
3.000.000
2 i, 100.000
7,432,000
2,840.00- '
6.576.000
1.689,000
4,755.000
1,360.000
2,049.000
l,437.ow>
22>,0«0
:,0,000
123,000
215,000
1,106.5'X)
85,000
1,250,000
tnn.OOO
688,000
t
802,900
215.150
1"0,000
368.480
223,81 0
2 3.520
90,563
167,610
2 Iti. 580
49.7-5
:;7.8'o
246.:!50
8.230
397,600
23.250
24".000
125.000
180.000
1 ! 05 000
445.920
142.1.00
394.560
100,140
237.750
68.000
102.450
100.690
11,250
8,000
8,610
15,050
77,451
2,800
75.000
12,000
49,400
Chi & Mil. term. prop.
ncnniB Mnkln'j Fund Convertible
st Mtire. La Crosse Division Bonds
st Mts,'0. Iowa & Minn. Div. Bonds
st Xltfie Prairie du Chlen Dlv. Bonds.,
d Mtue. Prairie du Chlen Div. Bonds..
st Mtire. Chicago & Mil Div. Bonds
st Mtge. St. Paul (or River) Dlv. Bonds
st Mf,'e. St. PU lor Klv.) Dlv. Sterl. B'ds
st Mtge. Iowa & Dakota Div. Bonds —
st Mt«e. la & Dak. Dlv. Ext. Bonds. . .
st Mti;e. Hastings & Dak. Div. Bonds. .
st Mtite Hasfs & Dak. Div. Ext. Bonds
Hast's & Dak. Div. Ext Bonds
st Mt',re Southwestern Dlv. Bonds
st Mtge. La Crosse * Pav. Div. Bonds,
st Mtse. Chi. & Pacific Dlv. Bonds. . . .
st Mtae. Chi. & Pac. West'n Div. B'ds..
st Mt«e. Southern Minn Div. Bonds. . .
st Mtge. Mineral Point Div. Bonds
st Mt;:e. Dubuque Division Bonds
st Mtge. Wis. Valley Division Bonds.. .
st Mtse. Wis. & Minn. Div. Bonils
st Mtue. Chi. & Lake Sup'r Div. Konds
st Mttre. Chi. & Mo. Riv. Dlv. Bonds. .
887.22
291.19
191.40
194.40
82.60
128.51
| 638 54
See below— C
Mil., Wis., to Pr. dn Ch'n
Mil.,Wis,toPr.dnCb'n
Chi.. 11., to Mil., Wis...
) Bridge June, to St. (
) Paul t
Cal-.Ia. toAg'a.Ia..*Br.
Ag.,Ia ,t. Ch..Dak.,&Br.
886.00
33600
212.00
115.66
7 -'7 00
88C .')')
141.00
335.12
108.63
68.00
See below— D
Rac., Wis., to Bock I .HI
Dav.. la., to J. Jo.., & Br
Chi.,lU.toL'rkJct..Ill.
See below — E
Min.Pt Div.,ex'tAlb.br.
Dub. Dlv. & branches .
Tom., Wis., to Mer'l.Wls.
Port., Wis., toDav.Jc.,m
188")
1884
1861
Jan. l, 18T9
1871
1883
188">
1890
1894
1891
Jan. l, 1909
1891
Jan. l, 1924
1895
49.00
Milwaukee and Western BR. Bonds. ..
Wisconsin Valley KR. Bonds
Oshkosh & Mississippi River Ry. Bonds
1st Mt);e. Fame & Southern Ry Bonds..
Income Bonds Fargo & Southern Ry . . .
Tom., Wis., to Mer'l Wis.
Osh.,Wls.,toKipon,Wis.
Ort. Minn., to Fargo.Dk.
108.53
20.')«
m.i'O
A — Secureu on all the property of the company, real and personal, and on the income of the road owned by the company at the
time of their Issue ; provided with a sinking fund of one per cent, per annum ; principal and Interest payable in gold If at any time
the U. S. legal tender currency be Increased beyond $400,000.000.
B —Milwaukee to La Crosse, Wisconsin. 196.39 miles ; North Milwaukee to Portage, 97 18 miles ; Hoiicon to Berlin, 42.30 miles ;
Watertown to Madison, 86.55 miles ; Rush Lake Junction to Winneconne, 14.80 miles. Total, 887.22 miles.
C. — Secured on the road from McGregor, la., to Minneapolis, 215.42 miles, and Conover to Decorah 8 77 mile1.
D.— Glencoe, Minn., to Ortonville, Minn., 128 miles, $20,000 per mile, $2,660 ooo ; Oitonvllle Junction to Ipswich, Dak., 135 miles ;
Aberdeen, Dak., to EUendale, Dak. 40 miles ; and ililbank Junction northerly, 33 miles— total, 208 miles, at $15,000 per mile, $3,120,000.
Total of all, $6.680,000.
E.— Farley to Ottumwa, 138.24 miles ; Ottumwa toward Kansas City, 60 miles ; Marlon to Council Bluffs, 261.70 miles ; Astor to-
ward Sioux City, 70.70 miles ; Sioux City to Aberdeen, 262.60 miles ; Elk Point to Sioux Falls, 70 miles ; Eden Junction to Rock Val-
ley, 9 miles : Egan Junction to Woonsocket, 82 76 miles— total. 956 miles, at $20,000 per mile, $19,100000 ; fur extra rolling stock, $3,-
000,000— total, $22,100,000. The lines between Astor and Sioux City and between Ottumwa and Kansas City are under construction.
F.— La Crosse to Flamlrean, Flandreau to Sioux Falls, Wells to Mankato, and Minneapolis to Benton— In all, 416 21 miles.
O.— Double track road between St. Paul and Minneapolis, about 10 miles, and Iron bridge over Mississippi Biver (teOO 000 author-
ized on this road and bridge) ; also St. Crolx Junction to Stillwater, 24.90 miles ; Northfleld to Cannon Junction, S1.98 miles ; Chlp-
pewa Valley Division, 83.47 miles: Wabasha to ZumbDta, 59 miles; and p,.ntoon bridge at Read's Landing ($75000 on bridge) ; $100,000
authorized for bridge over St. Crolx Blver at or near Prescott ; $20,000 per mile for new extensions and additions, and $509,000 for
extra rollln? stock
H.— Trlpp to Armour, Dak., 20.4 miles ; Roscoe to Bowdle, Dak., la.6 miles and from Boscoe, Dak., to a point 41.10 miles south ; a
total of 77 miles.
Land Department. — There, has been no report of the operations of this department fur-
nished since December 31, 1882. On December 81, 1881, there -were remaining unsold 500,-
958.46 acres of land. On December 31, 1832, there remained 100,000 acres. The net receipts
from land sales duriog 1881 and 1882 were $1,224,364.38. Due on contracts and mortgages,
$1,787,508.90. In addition the sum of $210,000 is held in trust to abide the decision of a suit
brought by this company in the United States Circuit Court against the Sioux City and St.
Paul RR. Co., decided in this company's favor and now pending an appeal in the Supreme
Court of the United States.
Board of Directors, elected June 5, 1886.
Franks. Bond. .. New York, N. Y.
John Plankinton... Milwaukee, Wis.
Philip D. Armour Chicago, 111.
Selah Chamberlain Cleveland, O.
Joseph Milbank. .New York, N. Y.
Jas. T. Woodward. New York, N. Y.
Hugh T. Dickey. . .New York, N. Y.
James Stillman New York, N. Y.
Jason C. Easion La Crosse, Wis.
Wm. Rockefeller.. New York. N. Y.
Peter Geddes New York, N. T.
Frank S. Bond, Vice-President New York, N. T.
Secretary— P. M. Myers Milwaukee, Wis. I General Manager— Roswell Miller. . . Milwaukee, Wis.
Treasurer— F. G. Ranney Milwaukee, Wis. | (General Solicitor— John W. Cary Milwaukee, Wis.
PRINCIPAL OFFICE AND ADDRESS Milwaukee, Wis.
New York Office. . . .No. 42 Wall Street.
POOR'S MANUAL OP RAILROADS.
403
CHICAGO, ST. LOUIS AND PITTSBURGH RAILROAD COMPANY.
Main Line of Road.— First Division : Columbus, 0., to Indianapolis, Ind. .187.15 miles.
Second Division : Bradford Junction, O., to Chicago, 111 280.98
Third Division : Richmond, Ind., to Anoka Junction, Ind 102.22
fourth Division : Logansport, Ind., to Illinois State Line 60.19—393.39 miles.
Trackage : Union Railroad—In Indianapolis 0.53 miles.
Total length of lines operated 581.07 miles.
2d track, 8.48 ; sidings, 142.86 m. Gauge, 4 ft. 9 in. Rail (steel, 484.93 in.), 56 and CO Ibs.
History. — The Columbus, Chicago and Indiana Central Ry. Co. was a consolidation Feb-
ruary 12, 1868, of the Columbus and Indiana Central and the Chicago and Great Eastern RR.
Cos. Leased February 1, 1869, to the Pittsburgh, Cincinnati and St. Louis Ry. Co., which
operated the road under the lease until January 1, 1875, and under the direction of the U. S.
Circuit Court, for account of receivers of the C., C. & I. C. Ry. Co. from the latter date until
March 20, 1883. On January 10, 1883, the road was sold under forecloHure, and purchased
by a committee representing the bondholders. On March 20, 1883, the receivers were dis-
charged. The present company was organized by the bondholders, and took possession of
the property on April 2, 1883. For plan of reorganization see MANUAL for 1882, page 623.
The company has joint use of the tracks of the Wabash, St. Louis and Pacific Ry., from In-
dianapolis to Kokomo, Ind., 55 miles, making the total length of lines operated 635. 07 miles.
The Cincinnati and Richmond RR. is being built in the interest of this company from a
junction with the Little Miami road, at a point 8 miles north of Cincinnati, to Hamilton, O.,
23 miles, to be completed during 1887. The Little Miami RR. will be used into Cincinnati,
and the Cincinnati, Hamilton and Dayton between Hamilton and Richmond.
Rolling Stock. — Locomotive engines, 190. Cars — pass'r, 68 ; baggage, mail and express,
40 ; freight (box, 2,146 ; stock, 670; gondola, 754), 3,678; caboose, 80; other, 8— total, 3,766.
Operations for year ending December 31, 1886. — See tabulated statement.
Expenses.— Transportation $1,428,262 23
Earnings.— Passenger $1,036,165 35
Freight. ... 3,448,446 89
Mail 176,482 76
Express 104,836 19
Miscellaneous 76,385 28
Motive Power 1,253,17758
Maintenance of Way 694,668 13
Maintenance of Cars 351,513 03
General and Taxes 238,680 01
Total ($7,619.69 per mile) $4,842,316 47 Total ($6,241 .29 per mile) $3,966,300 98
Net earnings (18.09 per cent.), $876,015.49. Charges : Interest on bonds, $9H4,971.50 ;
interest and half-payment on account of principal car trust, $89,150 ; rental leased line, $21,-
224.05 ; sundry accounts, $95,789.04— total, $1,191,134.59 ; deficit for year, $315,119.10 ; de-
ficit from last year, $399,892. r.O ; sundry accounts charged during year, $13,828.15— total de-
ficit, $728,839.95.
Statement of operations, etc., for seven years :
1880
1881
1882
1883*
1884
1885
1886
Passenger Train Miles
Freight Train Miles.
Passengers Carried. .
Passenger Miles
1,790,769
3,631,816
814,980
41,432,531
1,239,337
4,356,710
909,694
43,407,476
1,424,931
4,330,860
1,118,516
40,183,683
1,148,385
3,035,893
949,283
88,583.935
1,441.415
3.615,873
1.180,779
48,891,744
1,491,583
4,051,353
1,061,091
46,840,896
1,587,015.
4,028.056
1,085,448
44,970,677
Freight (tons) Moved
Freight (ton) Miles. . .
Gross Earnings
2,484,321
441,3.-,3,94i>
$
4,795,771
2,9li7,149
542,045,108
$
4,053,722
3,001,619
547,861,385
$
5,122,943
2,135,148
401,318,973
$
4,044,876
2,517,062
484,716,894
$
4,396,841
8,081,595
612,653,872
4,567,597
8,075.3S5
587,723,302
S
4,842,310
Operating Expenses
4,069,510
4,312,669
4,419,359
3,207,554
3,602,212
3,807,645
3,966,301
Net Earnings
726,261
641,053
703,584
837,322
794,629
759,952
876,015
Gross. Earnings p. Mile..
Gross Expenses p. Mile.
Net Earnings
8,261 57
7,010 35
1,251 22
8,533 54
7,428 72
1,104 23
8,825 05
7,612 49
1,211 95
6,967 44
5,525 12
1,442 32
7,536 45
6,174 40
1,302 05
7,187 41
5,991 42
1,195 99
7,619 69
6,241 29
1,378 40
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile
Av. Kate p. Ton p. Mile.
84.86 p. C.
2.43 C.
0.80 c.
87.00 p. c.
2.38 c.
0.67 C.
86.27 p. c.
2.44 c.
0.66 c.
79.30 p. c.
2.38 c.
0.71 c.
81.92 p. c.
2.32 c. "
0.59 C.
83.36 p. c.
2.21 c.
0.52 c.
81.91 p. c.
2.80C.
0.59 c.
* 9 months ending December 31.
Financial Statement, December 31, 1886.— Capital stock— common, $8,022,440.67; pre-
ferred, $17,479,850— total stock, $25,502,290.67 ; funded debt, $17,904,500 ; current accounts,
$2,370,584.24— total liabilities, $45,777,374.91. Contra: Cost of road, equipment, etc., $43,-
861,862.42 ; materials and fuel, $197,290.23 ; current accounts, $537,364.13 ; cash, $452,018.18;
profit and loss, $728,839.95— total assets, $45,777,374.91.
404
POOR S MANUAL OF RAILROADS.
Annual meeting, third Wednesday in March, books closing twenty days prior thereto.
Interest payable at office of Union Trust Co., New York City. Voting power attaches to
stock after 10 days' ownership. Trustees of consolidated first mortgage bonds: Conrad Baker
and the Union Trust Co., New York. Registrar of stock: National Bank of Commerce, New
York. Common and preferred stock and consolidated mortgage bonds listed on New York
Stock Exchange.
Of the $13,442,000 consolidated mortgage bonds of the C., St. L. & P. RR. Co. ($22,000,-
000 authorized), $12,526,000 are coupon, and $916,000 registered bonds.
Bonds outstanding, December 31, 1886 :
Character of Bonds.
Interest.
Principal
When Due.
Amount
Outstanding.
Consolidated Mortgage C , St L. & P RR. Co
5 p. c. April & Oct
Oct. 1, 1932
$13,442.000
First Mortgage Old C. & G. E. RR. Co
First Mortgage Laft C &G E RR Co
7 p. c. April & Oct
7 p. c. April & Oct.
Oct. 1, 1893
April 1 1895
107,000
116,000
First Mortgage Col. & Indianapolis Central RR. Co
First Mortgage Union & Logansport RR. Co
7 p. c. Jan. & July —
7 p. c. April & Oct
Nov. 1, 1904
Dec. 1, 1905
2,<i31.000
715.000
First Mortgage Cincinnati & Chicago Air Line
Cincinnati & Chicago Air Line S. F
7 p. c. Feb. & Aug —
7 p. c. May & Nov. . .
Aug. 1, 1890
Nov. 1, 1886
108,500
100
Second Mortgage Col. & Indianapolis Central RR. Co
7 p. c. May & Nov. . . .
Nov. 1, 1904
780,000
Income, Toledo, Logansport & Burlington RR. Co
C & G E RR Co Construction & Equipment
6 p. c. Feb. & Aug....
7 p. c. Jan. & July.
Feb. 1, 1884
Jan. 1, 1880
4,100
800
The preferred stock is entitled to 6 per cent, cumulative yearly dividends, interest on
delayed payments, however, being non-cumulative. Par value of stock per share, $100. Since
the close of the fiscal year there have been issued, $43,434 common and $15,625 preferred stock.
Directors. — Term expires in March, 1888: George B. Roberts, Philadelphia, Pa.; Jacob
N. McCullough, William Thaw, Pittsburgh, Pa. Term expires in March, 1889: Alfred L.
Dennis, Newark, N. J. ; George Willard , Chicago, 111. Term expires in March, 1890 : Wil-
liam L, Scott, New York, N. Y. ; Edmund Smith, Philadelphia, Pa. Term expires in March,
1891 : Thomas D. Messier, Pittsburgh, Pa.; John P. Green, Philadelphia, Pa.
GEORGE B. ROBERTS, President Philadelphia, Pa.
1st Vice- President— S. N. McCulkmgb... .Pittsburgh, Pa. Treasurer— John E. Davidson Pittsburgh, Pa.
m Vice-President— William Thaw Pittsburgh, Pa. Secretary— S. B. Liggett Pittsburgh, Pa.
3d Vice- f res. & Compt.—T. D. Messier. Pittsburgh, Pa. General Manager— James McCrea Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Indianapolis, Ind.
General Offices .Penn Avenue and Tenth Street, Pittsburgh, Pa.
Transfer Agency Union Trust Company, 73 Broadway, New York, N. Y.
CHICAGO, ST. PAUL, MINNEAPOLIS AND OMAHA RAILWAY COMPANY.
Main Line of Road.— Elroy, Wis., to Omaha, Neb 593.40 miles.
Other branches, divisions, and extensions 771.93 miles.
Total (C., S. P., M. & 0. Ry., 1,295.12; leased, 65.19 ; proprietary, 5.02) 1,365.33 miles,
Average operated during the year 1886 1,340.21 miles.
2d track, 20.79 ; sidings, etc., 192.43 miles. Gauge, 4 ft. 8| in. Rail (steel, 935.64 miles),
56, 60 and 65 Ibs.
Statement of mileage as operated by divisions :
St. Paul and Sioux City Division.
St. Paul to Sioux City, la 269.17
Minneapolis to Merriam June., Minn. . 27.00
Lake Crystal to Elmore, Minn 44.00
Heron Lake to Pipeston, Dak 55.10
Sioux Falls Junction to Salem, Dak. .. 98.00
Luverne to Doon, la 28.00—521.27 m.
Nebraska Division.
Missouri River Transfer 2.25
Covington to Omaha, Neb 125.50
Cobura Junction to Ponca, Neb 15.82
Eastern Division and Branches.
Elroy, Wis., to St. Paul, Minn 196.48
St. Paul to Minneapolis, Minn 10.10
Stillwater Junction to Stillwater, Wis.. 3.30
St. Croix Drawb'ge to Stillw'r Switch .. 4.55
River Falls Junction to Ellsworth 24.82
Eau Claire to Lumber Mills 2.74
Merrillan Junction to Neillsville, Wis.. 14.00—255.99 m.
Northern Division.
North Wise. Junction to Bayfleld, Wis .. 178.24
Ashland Junction to Ashland, Wis. ... 4.38
Ashland Shore Line 1.31
Eau Clare, Wis., to Chicago Junction.. . 80.62
Superior June., Wis., to Duluth 73.04—337.59 m.
Emerson to Norfolk, Neb 46.50
Wakefleld to Hartington, Neb 33.76
WTayne to Randolph, Neb 21.63—245.46 m.
Menominee By— Proprietor^ Road.
Junction to Menominee, Wis 3.01
Junction to Cedar Falls, Wis 2.01- 5.02 m.
POOR S MANUAL — CHICAGO, ST. PAUL, MINNEAPOLIS AND OMAHA RY. CO. 405
History. — This company was organized June 1, 1880, by the consolidation of the Chicago,
St. Paul and Minneapolis and the North Wisconsin Railway Companies. By the terms of con-
solidation the company was authorized to issue bonds, not exceeding $15,000 per mile, pre-
ferred stock, not exceeding $10,000 per mile, and common stock, not exceeding $15,000 per
mile, for any railroad thereafter acquired. Under these conditions the St. Paul and Sioux
Cily and Sioux City and St. Paul Railroads were bought, and an issue of consolidated bonds
to the amount of $5,000 per mile was made on the 608 miles thus acquired, in addition to the
$10,000 per mile St. Paul and Sioux City bonds already outstanding. In the consolidation the
lines of the Covington, Columbus and Black Hills and the Omaha and Northern Nebraska Rail
roads were acquired, and are now a part of the system. The company also acquired the St.
Paul, Stillwater and Taylor's Falls RR., from Minnesota State Line to St. Paul. Included in
the main line are 5.20 miles, from St. Paul to Mendota, which are owned jointly with the
Chicago, Milwaukee and St. Paul Ry. Co. Of the mileage as given, 25.20 miles of the Illinois
Central RR., from Le Mars to Sioux City, 27 miles of the Minneapolis and St. Louis, from
Minneapolis to Merriam Junction, 11.4 miles of the St. Paul, Minneapolis and Manitoba Ry.,
from East Minneapolis to St. Paul, and 1.59 miles of the Northern Pacific RR. (bridge) near
Duluth are leased or operated under traffic contracts.
In February, 1882, the Legislature of the State of Wisconsin transferred to this company
the land grant of the CHICAGO, PORTAGE AMD SUPERIOR RR. Co., to the extent of 453,000
acres (granted March 4, 1874, by the Legislature to the Chicago and Northern Pacific Ry. Co.,
afterward C., P. & S. RR. Co.), conditioned upon the completion of the extension to Superior
by the 1st of December, 1882, which provision was duly complied with.
The law of 1874, requiring the North Wisconsin Ry. Co. to construct its line to Preecott
or some point on the Mississippi River, in Pierce County, Wis., was altered by act of the
Wisconsin Legislature in 1885, and the point to which that line should be constructed, re-
established at Ellsworth, Pierce County. The Ashland Ry., proprietary line, was merged in
1885. The amount of new road added during the year was 2.6 miles on the Superior Short
Line Ry., of Minnesota, and 21.63 miles from Wayne to Randolph, Nebraska. The foregoing
statement of mileage embraces 1.59 miles from West Superior to Rice's Point, heretofore
omitted, and 0.10 mile deducted on account of change of line between W7arrens and Rudds.
Rolling Stock, December 31, 1886. — Locomotive engines, 194. Cars — passenger (1st class,
59 ; 2d class, 27 ; parlor, 4 ; dining, 2), 92 ; baggage, mail, and express, 47 ; freight (box,
3,584; platform, 1,678; stock, 410; charcoal, 18; caboose, 99), 5,789— total, 5,928. Also, 2
officers', 7 derrick and tool, 4 pile-driver, and 4 ditching cars ; 3 steam shovels, 2 transfer
steamers, and 1 barge pile-driver.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $1,413,218 05
Freight 4,466,733 67
Mail 104,74821
Express 93,224 78
Miscellaneous 75,341 97
Total ($4,591.27 per mile) $6,153,266
Expenses.— Maintenance of Way $920,849 68
Maintenance of Cars 338,447 92
Motive Power 1,205,958 43
Transportation 948,067 65
Miscellaneous and Taxes 435,251 19
Total ($2,841.77 per mile) $3,848,574 87
Net earnings (37.45 per cent.), $2,304,691.81. Add net receipts from land grants, $741,-
065.75— net income, $3,045,757.56. Payments : Rentals, $117,009.20; interest account balance,
$1,263,997.06; dividends on preferred stock (June 5 and December 7, 1886), 3 per cent, each,
$675,408 ; loss proprietary roads, $9,623.76— total, $2,066,038.02. Surplus, $979,719.54.
General Balance Sheet, December 31, 1886.
Construction and Equipment $53,156,507 68
-r» 3 . TT-- j A-lf 1ft*? -IA
BondconHand 417,16714
Materials and Fuel 520,645 25
Bills and Debit Balances 87,768 31
Stock and Bonds Minn. Transfer Ry. Co.. 70,000 00
Copt of Securities, etc 316,510 65
Advances to Proprietary Roads 1,015,305 08
Cash on Hand... 2,075,14635
Total Assets $57,659.050 46
Common Stock and Scrip.$18,559.626 69
Preferred Stock and Scrip. 11,259,133 31— $29,819,560 00
Funded Debt 22,620,092 14
M.E.Ry. 1st Mortfrasre Bonds (guaranteed). 75,000 00
Audited Vouchers and Pay-Bolls 405,613 59
Coupons due Jan. 1, 1887 73,61675
Interest Accrued on Bonds 180,410 00
Taxes for 1886 Payable in 1887 171,40977
Unpaid Dividends— Including Jan., 1887. . 338,001 00
Land Grant Accounts 108,222 96
Income Account Balance 8,807,124 25
Total Liabilities $57,659,050 46
406 POOR'S MANUAL — CHICAGO, ST. PAUL, MINNEAPOLIS AND OMAHA RY. CO.
Operations, capital account, etc., for six years ending December 31 :
1881
1882
1883
1884
1885
1886
Miles of Railroad
1,003.32
1 149 72
1 279 94
1 31804
1 339 60
1 365 33
967.87
1 055 91
1 192 03
1 311 26
1 323 39
1 340 21
1 064.32
1 318 16
1 404 72
1 488 42
1 532 02
1 534 26
Miles of Steel Rail ....
481 92
596 42
724 34
843 24
860 34
935 64
125
165
181
181
186
194
Passeii"er Cars
55
64
74
82
32
92
32
34
39
89
3*)
47
Freight Cars
3,484
4,629
4841
4,851
5,221
5,789
Passenper Train Mileage
875,302
1 024 317
1,335,822
1,442.884
1,714,616
Freight Train Mileage
l,946,6i)4
2 252 614
2 492 176
2,475 602
2,447,734
Passengers Carried
622,819
821,436
850 716
904 795
1 015,133
1,144,493
Passenger Miles
38,706,890
63,755,030
57 330 593
58 674 281
47 504 486
54,61)3 635
1 476 129
1,946 031
1 748 942
2 003 802
2 089640
2 26(5 335
Freight (ton) Miles
207,790,338
275,824,581
268 673 769
329,795.473
£35,863,003
374,037,737
Passenger Earnings
$
944,329
$
1,311.217
$
1 470 558
8
1,430 711
s
1,305,515
9
1.413218
Freight Earrings. ....
2 913,521
3 478,624
3 843 948
4 132 530
4 255 398
4 466 734
Mail, Express, etc., Earnings
164,111
172,361
200 779
221 691
253.!- 97
273,314
Total Gross Earnings
4,021,961
4,962,202
5 515 285
5,784,932
5,814,810
6,153.267
Operating Expenses and Taxes
2,776,460
3.240.787
3 623 827
4,007,023
3,721,151
3,848,575
Net Traffic Earnings
1 245 501
1 721 415
1 8Q1 458
1 777 909
2 093 659
2,304,692
Other Receipts
582.728
547 470
547 777
863 346
721,996
741,066
Total Income
1,828,229
2,268,885
2 439 235
2,641,255
2,815.655
3,045 758
Rentals .
53059
27736
35 564
49 175
62,982
117,009
Interest on Bonds
893,536
1,014,530
1 068 747
1,320 146
1,301,089
1,263,997
Dividends
(7) 672,737
(7) 735,397
(7) 770 476
(7) 787,976
(6) 675,408
(6) 675,408
Loss Proprietary Roads
12 357
13,065
12.525
9,024
Balance, Surplus
208,897
491,222
552 091
470 893
763,651
979,720
Gross Earnings per Mile
4155 48
4,751 70
4 646 36
4428 69
4,393 87
4.591 27
Gross Expense* per Mile
2,868 63
3,103 31
3 052 90
3.067 60
2,811 83
2,841 77
Net Earnings per Miie
1.286 85
1,648 39
1 593 46
1 361 09
1,582 04
1,749 50
Expenses to Earnings
Average Rate per Passenger per Mile.
Average Rate per Ton per Mile
Common Stock
69. 03 p. c.
2.43 c.
1.40 c.
8
17,906,888
65.31 p.'c.
2.45 c.
1.26 c.
8
18,573,233
65.70 p. c.
2.58 c.
1.43 c.
1
18 559 660
69.26 p. c.
2.45 C.
1.25 C.
' 8
18,559,600
63.99 p. c.
2.75 c.
1.27 c.
8
18,559.660
62. 55 p. c.
2.60 C.
1.19 C.
18,559,627
Preferred Stock. .. .. ..
9 848 333
10,759 933
11 259 933
ll.S.Jii '.i.ti
11,259.933
11,259.'.>33
Funded Debt
17,790,175
19,509,438
21,08i! 620
22,339,970
22,339,970
22,620,092
M. & E. Bonds, Guaranteed
75,000
75,000
75000
75,000
75,000
75,000
Bills Payable
72,497
32,460
16 230
Current Accounts ...
1.074,937
1,190,801
1,028,677
955,784
1,225,079
1.277.274
Profit and Loss
609,547
1,100,769
1 652 890
2,123,754
2,887,405
3,807,124
Total Liabilities
46,676,322
51,241,684
53,679,080
55,314,101
56,347,047
57,659,050
Construction and Equipment
41,441,154
47,086,138
49 993 541
50,877,826
52,091,218
53,156,508
Advances, etc .
325305
1,218,804
543 986
622,263
5S8,012
1,015.305
Stocks, Bonds, etc ..
3,432,118
1,001,741
1 002427
1,143,773
581,400
803,678
Materials and Fuel
445,907
722,383
595 463
690,406
576,722
520,645
Minneapolis Lot f Interest
4,727
4,727
Bills Receivable
52,485
51,638
19,049
39,212
63,733
642
Due from Railroads, etc
342,130
303,390
369327
388,437
254,632
87.1-J6
Cash on Hand
632,496
850,963
1,155,287
1,552,184
2,211,330
2,075,146
Total Assets
46,676,322
51,241,684
53.679,080
55,314,101
56,347,047
57,959,050
Statement of funded debt December 31, 1886 :
CHARACTER OP BONDS.
Date.
Mature.
Interest.
Amount.
Rate
p. c.
Payable.
1st Mortgage Gold, C., St. P. &M. Ry
May 9, 1878
Jan. 1, 1880
July 1, 1878
July 1, 1879
Jan. 1, 1878
Oct. 1, 1873
June 1, 1880
May 1, 1918
Jan. 1, li«0
July 1, 1908
April 1, 1919
Jan. 1, 1908
June 1. 1903
June 1, 1930
6
6
8
6
7
10
6
May <fc Nov.
Jan. & July
Jan. & July
April & Oct.
Jan. & July
April & Oct.
June & Dec.
§3,000,000 00
800,00000
125,aX) 00
6,080,000 00
a34,800 00
30.00000
12,250,292 14
1st Mortgage Cy., Nor. Wis. Ry
1st Mortgage Cy., H. & R. F. RR
1st. Mortgage Gold, St. P. & 8. C. RR
1st Mortgage Cy.. St. P., S. & T. F. RR
St. Paul Depot Cy., St. P., S. & T. F. RR
Cons. Mortgage Cy., C., St-. P., M. & O. Ry
Total
$22,620,092 14
75,000
Bonds Guaranteed by the Company :
1st Mortgage Cy., M. E. Ry
Jan. 1, 1879
Jan. 1, 1909
7
Jan. & July
POOR'S MANUAL OP RAILROADS. 407
Preferred stock is entitled to 7 per cent, non-cumulative dividends ; but common is never
to receive more than is paid on preferred. Par value per share of stock, $100.
The Chicago, St. Paul and Minneapolis bonds are $500 and $1,000 bonds, are secured by
a first mortgage on the road from Elroy, Wis., to St. Paul, Minn., including bridge across St.
Croix River, a total of 198i miles, and are also a pecond mortgage on the lands. The land
grant income bonds, $1,125 outstanding, for which consolidated bonds are held, are a first
mortgage on the lands, and a second on the road, as above ; but uo foreclosure can be had
except by default on the firsts.
The North Wisconsin bonds are $1,000 each, and are a first mortgage on 120 miles of the
St. Paul and Lake Superior division, from North Wisconsin Junction to Cable.
The Hudson and River Falls bonds are a first mortgage on the line from Hudson to River
Falls, Wis., 12 miles.
The St. Paul and Sioux City bonds are $1,000 each, and are secured by mortgage on the
line from St. Paul, Minn., to Sioux City, la., 269 miles, and 339 miles of branches and exten-
sions.
The St. Paul, Stillwater and Taylor's Falls bonds are $1,000 each, and are secured on the
line from St. Paul to Stillwater, 18.75 miles, and the branch to Hudson, 3 miles.
The consols are issued at the rate of $15,000 per mile, a sufficient amount being reserved
to retire all other issues. They are $1,000 bonds. The above amount includes $1,125 for
land grant income bonds and $167.14 not yet exchanged. The Union Depot bonds are all
held in the treasury of the company.
Annual meeting, first Saturday in June, at Hudson, Wis. Trustee of bonds and registrar
of stock : Central Trust Co., New York, N. Y. Interest and dividends payable at New York
office. Capital stock, consols, C., St. P. & M. firsts, North Wisconsin firsts, and St. P. and S.
C. firsts listed on New York Stock Exchange.
Land Department. — The company acquired through the Chicago, St. Paul and Minne-
apolis, the North Wisconsin and other lines, a land grant aggregating 1,448,619 acres. The
company held, at the close of the year, land contracts and bills receivable for lands sold
amounting to $3,093,892.86. The net receipts for land sales for the year amounted to $741,-
065.75. On December 31, 1886, there remained undisposed of from the several grants, 647,-
197.74 acres.
MENOMINEE RAILWAY.— Menominee Junction, Wis., to Menominee City, Wis., 3.01, and Menomi-
nee Junction, Wis., to Cedar Palls, Wis., 2.01— total length, 5.02 miles. Gauge, 4 ft. 8| in. Owned by the C., St.
P., M. & O. Ky. Co. Financial statement, June 30, 1884.— Capital stock, $51,500 ; funded debt, 1st mortgage bonds.
$50,000; due C., St. P., M. & O. Ry. Co., $10,763.39— total, $112,263.39. Contra. • Cost of road and equipment,
$101,500; profit and loss, $10,763.39. E. W. WINTER, President, St. Paul, Minn.; E. E. Woodman, Secretary
and Treasurer, Hudson, Wis.
Board of Directors C., 81. P., M. & 0. By. Co., elected June 7, 1886.
Cornelius Vanderbilt New York.
Wm. K. Vanderbilt New York.
M. L. Sykes New York.
H. McK. Twombly New York.
W. L. Scott.
Channcey M. Depew New York.
W. D. Washburn Minneapolis.
Albert Keep Chicago.
Marvin Hughitt. Chicago.
Edwin W. Winter. . . .St. Paul, Minn.
John M. Whitman... St. Paul, Minn.
John D. Howe St. Paul. Minn.
J. H. Howe Kenosha, Wis:
.Erie, Pa.
MARVIN HUGHITT, President Chicago, 111.
M. L. Sykes, Vice-President, Treasurer and Asst. Sec New York, N. Y.
Secretary— E. E. Woodman Hudson, Wis.
General Manager— Edwin W. Winter St. Paul, Minn.
Auditor — L. A. Robinson .. St. Paul, Minn.
General Solicitor— John D. Howe St. Paul, Minn.
PRINCIPAL OFFICE AN& ADDRESS. . . Cor. Fourth and Rosabel Sts., St. Paul, Minn.
Financial Office . . 52 Wall Street, New York, N. Y.
CHICAGO, SANTA FE AND CALIFORNIA RAILWAY COMPANY.
Main Line of Koad.— Chicago, 111., to Pekin, 111 150.0
Coalville Branch : Streator, 111., to Coalville, 111 2.2—152.2 miles.
Sidings, etc., 13.8 miles. Gauge, 4 ft. 8| in. Rail (steel, 100 miles), 56 to 67 Ibs.
History. — This company was incorporated December 3, 1886. and subsequently acquired
the railroad and other properties of Chicago and St. Louis Ry. Co. By its charter this com-
408 POOR'S MANUAL OF RAILROADS.
pany is authorized to build an extension of the C. and St. L. Ry. as above from Streator,
111., to Madison, la., connecting there with the extension of the Atchison, Topeka and Santa
Fe RR. Co. from Kansas City, Mo.; and another extension from Pekin to Springfield, 111., to
connect at that place with the St. Louis and Chicago RR.
The Chicago and St. Louis Ry. Co. was incorporated January 1, 1885, and on May 1, 1885,
succeeded to the property of the Chicago, St. Louis and Western RR. Co., which was itself
the successor of the Chicago, Pekin and Southwestern RR. Co., whose property it acquired
January 1, 1884. The road was opened as above December 21, 1885.
Rolling Stock, June 30, 1886. — Locomotive engines, 17. Cars — passenger, 4; baggage
and mail, 2 ; freight (box, 100 ; stock, 50 ; coal, 260), 410— total cars, 416.
Financial Statement. — Capital stock authorized, $30,000,000 ; funded debt, first mort-
gage 5 per cent, gold bonds, $15,000,000 — total stock and bonds, $45,000,000. The bonds
were issued simultaneously in New York, Boston and London in January, 1887. They are
guaranteed by the Atchison, Topeka and Santa Fe Ry. Co. There are outstanding, and
listed on the New York Stock Exchange, $1,500,000 first mortgage 6 per cent. 30-year $1.000
coupon bonds of the Chicago and St. Louis Ry. Co., due March 1, 1915 ; interest payable
March and September, at office of trustee, the Farmers' Loan and Trust Co., New York,
for the redemption of which a corresponding amount of new first mortgage 5s are reserved.
The cost of road and equipment to December 31, 1886, was $5,422,880.34.
Directors. — Term expires in 1888 — George P. Merrick, Abram Poole, Charles S. Holt ;
term expires in 1889 — John L. Thompson, Arthur Dana Wheeler, E. S. Washburn ; term
expires in 1890 — Edson Keith, Norman Williams, Charles L. Hutchinson ; term expires in
1891 — Fred. M. Strong, Sidney A. Kent, Nelson Morris, William J. Watson.
NORMAN WILLIAMS, President and General Manager Chicago, 111.
Treasurer— C. S. Tuckerman Chicago, 111. | General Auditor— John P. Whitehead Boston, Mass.
Secretary— Charles S. Sweet Chicago. 111. i Superintendent— A. H. Crocker Chicago, 111.
Comptroller— William P. Ellison Boston, Mass. | Asst. Chief Engineer— G. W. Vaughn Chicago, III.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
CINCINNATI AND EASTERN RAILWAY COMPANY.
Main Line of Road.— Idlewild, O., to Portsmouth, 0 102.20
Ohio River Branch : Junction to New Richmond, O 14.88 — 117.08 miles.
T OQCwi J Columbus and Maysville RR 18.7
'a- iSillsboro' Short Line.., 1.5 — 20.2 miles.
Total length of road in operation June 30, 1885 141.0 miles.
Sidings, etc., 5.27 miles. Gauge, 3 ft. Rail, iron, 35 and 40; steel (33.5 miles), 56 Ibs.
History. — Organized January 1, 1876, as successor of Cincinnati, Batavia and Williams-
burg RR. Co.; road opened March 4, 1877 ; placed in the hands of a receiver January 27,
1879. On March 1, 1881, the receiver was discharged, and the road restored to the company.
On September 14, 1883, the road was again placed in the hands of a receiver, under whose
direction the gauge was changed to standard width and the road extended to Portsmouth.
A receiver subsequently appointed changed the gauge back to the original 3 ft. width. Road
sold under foreclosure September 1, 1886, the main line for $900,000 and the branch to sep-
arate parties for $30,000. Default having been made on the second installment of the pur-
chase price, the main line was resold January 5, 1887, and purchased for $1,000,000 by the
Ohio and Northwestern RR. Co. The Columbus and Maysville Ry., and through that the
Hillsboro' Short Line RR., were leased. The company used the track of the Cincinnati
Northern RR., from Idlewild into Cincinnati, 3.8 miles.
Rolling Stock, June 30, 1886. — Locomotive engines, 8. Cars — passenger, 9 ; express
and baggage, 3 ; freight, 224 ; other, 2— total, 238.
Operations for year ending June 30, 1886 (134.1 miles). — Train mileage — passenger,
99,994 ; freight, 63,217— total, 158,211 miles. Passengers carried, 100,131. Tons of freight
moved, 76,937. Earnings— passenger, $53,519.85; freight, $77,054.72; mail and express,
POORS MANUAL OF RAILROADS.
409
$14,359.05 ; other, $1,529.71— total, $146,463.33. Operating expenses, $160,120.45. Deficit,
$13,657.12. Paid rentals, $13,507.15. Deficit, $27,164.27.
Financial Statement, June 30, 1886.— Capital stock (par $50), $396,700 ; funded debt,
$1,352,800; receiver's certificates, $296,997.33; interest unpaid, $293,695.65 ; other liabilities,
$533,081.91— total, $2,893,274.89. Contra: Cost of road and equipment, $2,374,511.26.
Funded debt, June 30, 1886 : 1st mtge. (main line) 7 p. c. 20-year bonds, due July 1,
1896, interest January and July (authorized, $500,000), 499,100 ; 2d mtge. (main line) 7 p. c.
20-year bonds, due July 1, 1900, interest January and July (authorized, $300,000), $259,500 ;
1st mtge. (branch) 7 p. c. 30-year bonds, due July 1, 1908, interest January and July (author-
ized, $350,000), $86,800 ; consolidated mtge. (main line and branch) 6 p. c. 30-year bonds,
due January 1, 1912, $507,400 ; receiver's certificates, 1st series, 6 p. c. (authorizec1, $250,-
000), $200,307.38 ; 2d series, 7 p. c. (authorized, $60,000), $42,047.22 ; equipment certificates
($60,000 authorized), $54,642.73. The consolidated mortgage bonds ($2,000,000 authorized)
are intended to retire all previous issues.
HILLSBORO' SHORT LINE RAILROAD.— Junction, M. & C. KR., to Hillsboro' O., 1.5 miles ;
total track, 1.9 miles. Gauge, 3 ft. Leased to Columbus and Maysville Ry. Co. at a nominal rental of $1 for 99
years. Built under a special act of Legislature at a cost of $22,000. All accounts included in those of C. & M.
Ky. Co. BENJ. BARHIEKE, President of Trustees, Hillsboro' O.
Officers Ohio and Northwestern RR. Co.
H. C. PARSONS, President Cincinnati, 0.
E. C. PECHIN, Vice-President and General Manager Cincinnati, 0.
Secretary— 3. S. Wells New York, N. Y. | Auditor— W. D. Gray. . . . . .Cincinnati, O.
Treasurer-T. D. Wells Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
(See also GENERAL INDEX.)
CINCINNATI AND MTTSKINGUM VALLEY RAILWAY COMPANY.
Line of Road. — Morrow, 0., to Dresden Junction, 0 148.45 miles.
Sidings, etc., 21.98 miles. Gauge, 4 ft. 9 in. Rail (steel, 48.39 miles), 50 to 60 Ibs.
History. — Chartered as the Cincinnati, Wilmington and Zanesville RR. Co., February 4,
1851 ; road opened in 1857. Sold under foreclosure October 17, 1863, and reorganized March
11, 1864, under title of Cincinnati and Zanesville RR. Co. Sold again December 3, 1869,
and reorganized under existing name January 25, 1870. Leased January 1, 1873, to Pitts-
burgh, Cincinnati and St. Louie Ry. Co. for 99 years, at a rental equal to net tamings, with
a minimum guarantee of interest on bonds, advances to be credited to the lessee. Operated
by lessee from May 1, 1873, to December 31, 1885, when, the lease having been adjudged in-
valid, the road was surrendered to lessor company.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 14. Cars — passenger, 12 ; bag-
gage, mail and express, 4 ; freight (box, 165 ; platform, 13 ; stock, 35 ; gondolas, 315 ;
caboose, 7), 535 ; service cars, 30 — total cars, 581. Of this equipment, 1 locomotive engine
is leased, and 100 box and 100 gondola cars are held through car trust. Since the close of
the fiscal year, two additional engines have been leased from the Pennsylvania Company.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $122,677 45
Freight 240.817 18
Mail 11,19044
Express 6,464 29
Miscellaneous... 9,98338
Total ($2,634.78 per mile) $391,13274
Expenses.— Transportation $101,556 41
Motive Power 77,30856
Maintenance of Cars 20,843 98
Maintenance Way|and Buildings. 102,356 28
General... , 14,556 14
Total ($2,132.85 per mile) $316,621 37
Net earnings (19.08 per cent.), $74,511.37. Payments: Interest on bonds, $105,000 ; ad-
ditions and improvements, $16,609.96 ; other payments, $15,056.89— total, $136,666.85.
Deficit, $62,155.48 ; deficit from last year, $1,073,914.71— total deficit as per balance sheet,
$1,136,070.19.
410
POORS MANUAL OF RAILROADS.
General Balance Sheet, December 31, 1886.
Cost of Eoad, Equipment, etc $5,523,507 49
Materials aud Fuel on Hand 12,290 95
Other Property and Assets 10,071 58
Current Accounts 10,611 29
Cash on Hand 70,738 26
Profit and Lose 1,136,070 19
Total Assets.
Capital Stock (par $50) $3,997,320 00
Funded Debt Outstanding 1,500,000 00
Current Accounts 51,297 09
Coupon Account 135,615 00
Miscellaneous Accounts 1,04430
Due former Lessee for Advances 1,081 ,013 37
Total Liabilities $6,763,289 76
The funded debt consists of 1st mortgage 7 per cent. 31-year $1,000 coupon bonds, due
January 1, 1901, interest payable January and July, at the office of Winslow, Lanier & Co.,
New York, N. Y. Annual meeting, fourth Tuesday in March, books closing ten days prior
thereto. Voting power attaches to stock on teu days' ownership. Trustee of bonds: Charles
Moran, New York ; registrar of stock, F. G. Darlington, Secretary, Zanesville, 0.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
148.45
212,653
200,574
189,636
4,0(17,077
285,784
17,926.938
- $
374,666
264,524
148.45
212,109
175,656
210,7(J3
4,356,261
259,057
13,816,861
1
364,704
319,882
148.45
213,609
196,296
239,736
4,838.817
280,924
15,948,908
$
395,321
375,046
148.45
201,290
198,127
242,361
4,891,342
297,149
14,946,111
$
386.740
299,876
148.45
204,650
238,390
267,790
5,385,920
274,022
14,141,582
$
384,051
383,485
148.45
203.277
242,018
292,611
5,784,718
247,170
12,945,363
$
383,667
425,669
148.45
234,735
227,646
223,589
4,281,479
265,407
14,299,443
$
319,645
386,5(52
148.45
278,318
306,846
270,733
4,988,670
383,975
21,158,376
$
391,133
316,621
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tone) Moved
Freight (ton) Miles
Gross Earnings
Transportation Expenses . . .
Net Earnings
110,142
105,000
+ 5,142
2,524 70
1,781 91
742 79
70.60 p. c.
2.60 c.
1.40 c.
44,822
105,000
- 60,178
2,456 74
2,154 81
301 93
87.71 p. c.
2.63 c.
1.63 c.
20,275
105,000
- 84,725
2,662 99
2,526 41
136 58
94. 87 p. c.
2.68 C.
1.49 c.
86,864
105,000
- 18,136
2.605 19
2,020 05
585 14
77.54 p. c.
2.66 c.
1.54 c.
566
105,000
- 104,434
3,586 99
2,583 12
3 87
99. 85 p. c.
2.68 c.
1.50 C.
df. 42,002
105,000
- 147,002
2,584 48
2,867 43
df. 282 95
110.94 p.c.
2.62 c.
1.58 C.
df. 66.917
52,500
- 119,417
2,153 22
2,603 99
df. 450 77
120.94 p.c.
2.64 c.
1.26 C.
74,512
105,000
- 30,488
2,634 78
2,1*2 85
501 93
80.95 p. C.
2.46 c.
1.14 C.
Bond Interest Paid
Balance ( + or — )
Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses' to Earnings
Aver. Rate p. Pass. p. Mile..
Aver. Kate p. Ton p. Mile. .
Directors (elected March 22, 1887). — Thomas D. Messier. Pittsburgh ; G. B. Roberts,
Philadelphia, Pa. ; Charles Moran, New York ; James Buckingham, M. Churchill, W. A.
Graham, James Herdman, Zanesville, 0.
THOMAS D. MESSLER, President Pittsburgh, Pa.
Treasurer — John E. Davidson Pittsburgh, Pa. | Sec. and Supt. — F. G. Darlington Zauesville, O.
Auditor— Jno. W. Renner Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDBESS Zanesville, O.
CINCINNATI AND SPRINGFIELD RAILWAY COMPANY.
Line of Road. — Cincinnati to Springfield, O. (of which, owned, 48.05 miles. . .80.2 miles.
Sidings, etc., 29.71 miles. Gauge, 4 ft. 8£ in. Rail (steel, owned, 48.05 ; leased, 23.34 miles),
60 and 65 Ibs.
Included in the above mileage are 23.34 miles leased from the Cincinnati, Sandusky and
Cleveland RR.; 1.25 miles from the Pittsburgh, Cincinnati and St. Louis Ry. ; 6.2R miles from
the Cincinnati, Washington and Baltimore RR. ; and 1.33 miles from the Cincinnati and
Indiana RR. Cos.
History. — Chartered September 0, 1870. Road opened July 1, 1872. The company was
built to extend the Cleveland, Columbus, Cincinnati and Indianapolis Ry. into Cincinnati,
and was leased in perpetuity to that company on completion, the lessors operating the road,
and paying any balance over operating expenses and interest on bonds to the lessees. Sep-
arate accounts of traffic, operations, earnings, etc., are kept.
Rolling Stock, December 31, 1886. — Locomotive engines, 16. Cars — passenger, 14 ;
POOR 8 MANUAL OF RAILROADS.
411
baggage, mail and express, 8; freight (box, 95 ; stock, 75; con], 63; caboose, 12), 245— total
cars, 267.
Operations for year ending December 81, 1886.— Train mileage— passenger, 479,168;
freight, 333,274; other, 426,151— total, 1,238,593 mile?. Passengers carried, 1,041,318; car-
ried one mile, 22,348,255 ; average mile rate, 1.87 cents. Tons freight moved, 1,311,003 ;
moved one mile, 66,192,481 ; average ton-mile rate, 1.01 cents.
Earnings.— Passenger $418,238 03
Freight 669,088 62
Mail 16,58832
Express 26,40899
Total ($14,093.81 per mile) $1,130,323 96
Expenses.— Transportation $514.885 11
Motive Power and Cars 85,220 55
Maintenance Way & Buildings. . 167,197 27
General 41,159 60
Total ($10,080.58 per mile) $t 06,462 53
Net earnings (28.48 per cent,), $321,861.43. Payments : Interest on bonds, $185,570 ;
taxes, $25,218.38; rentals leased lines, $180,642.62; other payments, $15,579.21— total,
$407,010.21. Balance, deficit, $85,148.78 ; deficit from last year, $2,769,166.67— total deficit
as per balance sheet, $2,854,315.45.
General Balance Sheet, December 31, 1886.
Cost of Eoad $3,751,000 00
Loss in Operating paid by C., C., C. & I. Ry.
Co 2,854,315 45
Total Assets $6,605,315 45
Capital Stock (par, $50) $1,100,000 00
Funded Debt Outstanding 2,651,00000
C., C., C. and I. Ky. for Advances 2,854,315 45
Total Liabilities $6,005,815 45
Funded debt consists of $2,000,000 first mortgage 7 per cent. 30-year, $1,000 coupon
bonds, due April 1, 1901, interest payable April and October ; $651,000 2d mortgage 7 per
cent. 30-year, $1,000 coupon bonds, due January 1, 1902, interest payable January and July.
Annual meeting, third Wednesday in February ; books close at least 10 days prior thereto.
Interest on bonds payable at office of United States Trust Co., New York City. Trustees of
bonds — 1st, mortgage, Union Trust Co., New York City ; 2d mortgage, Oscar Townsend, Cleve-
land, O. First mortgage bonds on the free list of New York Stock Exchange.
Directors (elected February 16, 1887). — Stevenson Burke, Amos Townsend, Cleveland,
O.; Orland Smith, Cincinnati, 0.; Cornelius Vanderbilt, J. D. Layng, New York, N. Y.;
James Barnett, Truman P. Handy, H. H. Poppleton, G. M. Beach, Cleveland, O.
J. D. LAYNG, President New York, N. Y.
Treasurer— Geo. H. Russell Cleveland, O. | Secretary— Geo. S. Russell Cleveland, O.
Auditor— P. A. Hewitt Cleveland, O.
PRINCIPAL OFFICE AND ADDKESS Cincinnati, 0.
Transfer Office Cleveland, O.
CINCINNATI AND WESTWOOD RAILROAD COMPANY.
Line of Road. — Cincinnati, O., to Robb's Station, 0 5.63 miles.
Sidings, 0.33 mile. Gauge, 3 ft. Rail, 35 and 40 Ibs.
History. — Chartered May 20, J874 ; road opened May 22, 1876. Operations suspended
September 1, 1886, and suit brought for the dissolution of the company on the llth of the
same month. The road has fallen into decay and will probably be abandoned, as it does not
earn sufficient to pay operutiug expenses.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2 ; freight, 22, of which 15
are leased.
Operations for year ending June 30, 1886. — Not reported. Gross earnings, $10,561.51.
Operating expenses, rentals and taxes, $14,884.91. Deficit, $4,323.40.
Financial Statement, June 80, 1886.— Capital stock, $100,000 ; funded debt, 1st mortgage
7.3 per cent, bonds, due September 1, 1891, interest March and September, $40,000 ; other
debt, $6,412.72— total, $146,412.72.
412 POOR'S MANUAL OF RAILROADS.
Directors.— C. Werk, Westwood, 0. ; M. Scbwartze, F. W. Schwartze, S. II. Foster,
Fred. Otten, Frank Egner, Cincinnati, O. ; J. Q. Schwartze, Cheviot, O.
F. W. SCHWARTZE, President Cheviot, O.
M. Schwartze, Vice-President Cincinnati, O.
Secretary and Treasurer— C. Werk Cincinnati, O. | Gen. Superintendent— M.. Werk Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS No. 11 Main Street, Cincinnati, 0.
CINCINNATI, COLUMBUS AND HOCKING VALLEY RAILWAY CO.
Line of Road.— Claysville Junction, 0., to Jeffersonville, 0 28 miles.
Sidings, 2 miles. Gauge, 4 ft. 8£ in. Rail, 35 and 65 Ibs.
History.— Chartered November 4, 1881 ; road opened May 16, 1882. Placed in hands of
a receiver on application of first mortgage bondholders February 16, 1884. Operated by
Ohio Southern RR. Co , from November 28, 1884, to May 31, 1884 (by special order of court),
when it was again taken possession of by the receiver. Sold under foreclosure May 1, 1886,
and purchased by Jacob B. Custer of Chicago for $23,900.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; baggage, etc., 1 ; freight
(box), 5 — total, 7.
Operations for year ending June 30, 1886. — Passengers carried, 1,000 ; carried one
mile, 15,000. Tons freight moved, 1,750. Earnings and operating expenses, not reported.
Financial Statement, June 30, 1884 (latest furnished). — Funded debt, 1st mortgage, 6
per cent. 40-year coupon bonds, due January 2, 1922, interest January and July, $560,000 ;
income 6 per cent, bonds, $560,000— total, $1,120,000.
THOMAS HANNA, Receiver Cincinnati, 0.
D. W. Riordan, General Manager McKays, O.
PRINCIPAL OFFICE AND ADDRESS 205 La Salle Street, Chicago, 111.
CINCINNATI, GEORGETOWN AND PORTSMOUTH RAILROAD COMPANY.
Line of Road. — Cincinnati, O., to Georgetown, 0 42 miles.
Sidings and other tracks, 1.8 miles. Gauge, 3 feet. Rail (steel, 3 miles), 35, 40 and 60 Ibs.
History. — Organized January 15, 1873, as Cincinnati and Portsmouth RR. Co. Road
opened to Amelia, October 15, 1877. Sold at judicial sale for $83,000, September 11, 1880,
and a new company under the present title organized, March 21, 1881. By that company the
road was extended to Hamersville, 15.8 miles, and opened for business to that point Decem-
ber 20, 1881. In July, 1885, all the stock and bonds were purchased by the present owners,
and on September 22, 1885, the company was reorganized as it now exists. Shortly there-
after the extension of the line to Georgetown was begun, and on February 1, 1886, it was
formally opened throughout its entire length. The cost of this extension, including the con-
struction of a 1,200-foot bridge over the White Oak River, was about $125,000.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 10 ; baggage, etc. , 1 ; freight,
58— total cars, 69.
Operations for year ending December 31, 1886. — Trains run, 69,797 miles. Passengers
carried, 93,082; tons of freight moved, 12,821. Earnings— passenger, $31,689.98; freight,
$15,404.88; mail, $2,745.69; express, $3,771.71; other, $1,085.98— total, $54,698.24. Ex-
penses— transportation, $21,344.23; maintenance of way, $12,756.17; general, $4,308.09 —
total, $38,408.49. Net earnings, $16,289.75. Extraordinary expenses charged to better-
ments, $5,993.75.
Financial Statement, December 31, 1885 (latest furnished). — Capital stock (authorized,
$500,000), $240,000 ; funded debt, 1st mortgage 6 per cent. 20-year bonds, dated March 1,
1881, due April 1, 1901, interest April and October (authorized, $500,000) ; $240,000— total,
$480,000. Contra : Cost of road and equipment, $583,678.03.
POOR'S MANUAL OF RAILROADS. 413
Directors (elected September 21, 1886).— M. E. Ingalls, Orland Smith, W. W. Peabody,
Ralph Peters, James McDonald, E. W. Kittredge, H. G. Roelker, W. E. Brachmann, Cincin-
nati, Ohio.
M. E. INGALLS, President Cincinnati, O.
Ralph Peters, Vice-President and General Manager Cincinnati, O.
Secretary and Treat*.— R. G. Roelker Cincinnati, O. | Superintendent— Thomas Tagpurt Cincinnati. O.
Auditor— E. W. White Cincinnati, O.
GENERAL OFFICE AND ADDRESS Cincinnati, 0.
CINCINNATI, INDIANAPOLIS, ST. LOUIS AND CHICAGO RAILWAY CO.
Main Line of Road. — Cincinnati, 0. , to Lafayette, Ind 174.90 miles.
Lawrenceburg Branch : Lawrenceburg, Ind., to Lawrenceburg June. Ind 2.60 miles.
Kankakee and Seneca RE. : Kankakee, 111., to Seneca, 111. (42.82 m. — ^ interest) 21.16 miles.
Columbus, Hope and Greensburg RR. : Columbus, Ind., to Greensburg, Ind. . 24.55 miles.
(Harrison BrancJi Railroad 7.40
L d • J ^airland, Franklin & Martinsmlle Railroad 38.30
' 1 Cincinnati, Lafayette and Chicago Railroad 75.50
[ Vernon, Greensburg and Rushmtte Railroad 44.39 — 165.59 miles.
Total length of all lines owned and leased 388.80 miles.
2d track, 4.6 ; sidings, etc., 102.70 miles. Total track owned (steel, 177.5 m.), 282.60 miles.
Total track of all lines owned, leased and operated, 448.52 miles. Gauge, 4 ft. 8i in. Rail,
56 and 60 Ibs.
The Columbus, Hope and Greensburg, and the Kanakakee and Seneca, are operated by
this company, but their operations, earnings, etc., are reported separately, and not included
in the appended statements.
In July, 1886, a 100-years' traffic contract was made with the Illinois Central RR. Co. by
which this company's trains will run into Chicago from Kankakee over the Illinois Central,
this company to pay as rental a percentage of gross receipts.
History. — The Indianapolis and Cincinnati and the Lafayette and Indianapolis RR. Cos.
were consolidated in 1866 under the title of Indianapolis, Cincinnati and Lafayette RR. Co.
Sold under foreclosure February 2, 1880, and present company organized by the purchasers.
For full historical statement, see MANUAL for 1886, page 38.
Rolling Stock, June 30, 1886. — Locomotive engines, 77. Cars — passenger, 53 ; parlor,
3 ; chair, 6 ; baggage, 17 ; postal, 7 ; freight (box, 1.914; stock, 193 ; flat, 728; coal, 162),
2,997 — total, 3,083. Also, 1 pay, 1 directors', 38 caboose, 2 camp, 8 tool, and 8 buggy cars.
Operations for year ending June 30, 1886. — Trains run — passenger, 791,441 ; freight,
761,278 ; mixed, 107,040 ; other, 111,612— total, 1,771,371 miles. Passengers carried, 894,796;
carried one mile, 31,812,992 ; average rate, 2.29 cents. Tons of freight moved, 1,454,881 ;
moved one mile, 172,841,637 ; average rate, 0.88 cent.
Earnings.— Passenger $729,534 10
Freight 1,540,901 96
Mail 104,033 07
Express 51,943 64
Total ($7,075.94 per mile) $2,426,412 77
Expense*.— Maintenance of Way $306,798 28
Repairs of Rolling Stock 201,815 14
Transportation 897,616 67
Miscellaneous and Taxes 138,831 70
Total ($4,491.15 per mile) $1,540,061 79
Net earnings (36.53 per cent.), $886,350.98. Other receipts : Rents, $13,691.90 ; interest,
$43,937.96; pools, $17,805.18; C., H. & G. RR., $8,218.74; coat elevator, $955.72; grain
elevator, $7,875.90; mileage, $8,036.47— total, $100,521.87. Available revenue, $986,872.85.
Payments : Interest on bonds, $624,234.56 ; rental L. E. & W. Ry., $10,098 ; dividends (De-
cember, 1885, March and June, 1886, 1 per cent, each), $210,000; other, $8,745.70— total,
$853,078.26. Balance, surplus, $133,794.59 ; surplus from last year, $1,024,138.64— total sur-
plus as per balance sheet, $1,157,933.23.
Dividends.— On January 25, 1881, this company paid its first dividend, being at the rate
of 1£ per cent., and in each succeeding quarter until and including April 15, 1883, dividends
414 POOK'S MANUAL— CINCINNATI, INDIANAPOLIS, ST. LOUIS & CHICAGO KY. CO.
were paid at the same rate. Owing to the damages caused by the great floods in the Ohio
River, the payment of dividends was suspended until December 15, 1885. On ihat date 1 per
cent, was paid and continued at that rate quarterly till December, 1886, when the rate was
increased to 1^ per cent, quarterly.
Statement of funded debt outstanding June 30, 1886 :
Description of Bonds and Road Mortgaged.
Date of—
Interest-
Annual Rate, and
When payable.
Amount
Out-
standing.
Annual
Interest
Charge.
Issue.
Maturity.
1st mtge. I. & O. RR., Indpls. to Ohio Line, 90.5 m.
1st mtgc. C. & I. RR., Cincin. to Ind. Line, 21 m
2d mtge. 0. & I. RR., Cincin. to Ind. Line, 21 m
Funded Coupons C & I. RR
1858
1862
1807
1873
1867
1880
Oct. 1, 1888
Dec. 1, 1892
Jan. 1, 1892
Sept. 1, 1890
Feb. 1, 1897
May 1, 1920
7 p. c., Apr. & Oct.
7 p. c., July&Dec.
7 p. c., Jan. & July
7 p. c., Jan. & July
7 p. c.,Feb.& Ang.
6 p. c.,May&Nov.
8
1,598,500
499,000
l.S^.OOO
33,500
2,790,000
1,180,000
$
111,895
34, 1)30
93,030
2,345
195,300
70,800
2d mortgage I. C. & L. RR. (See below)
1st Consol. mortgage, whole line, 175 m
In addition the company paid interest during the year on $1,120,000 1st 7s of the Cincin-
nati, Lafayette and Chicago BE. Co., and $450,000 1st 7s of the Vernon, Qreensburg and
Rushville RR. Co. Total amount of bonds outstanding, $7,480,000; total annual interef-t
charge, $508,800. The second mortgage Indianapolis, Cincinnati and Lafayette RR. bonds
are secured by a first mortgage on the 63.5 miles of road from Indianapolis to Lafayette, and
a second mortgage on the entire line from Lafayette to the Ohio State line, 154.26 miles. The
consolidated mortgage provided for an issue of $7,500,000 bonds, of which $6,264,000 are eet
apart to retire prior mortgage?, and $41,000 have been applied to sinking fund.
Since the close of the fiscal year the company has made a new issue of general mortgage
4 per cent. 50-year bonds, due August 1, 1986, interest February, May, August and Novem-
ber ; authorized, $10,000,000 ; issued up to September, 1886, $1,212,000. The bonds are
gold, coupon ($1,000), or registered ($1,000, $5,000, 10,000)— coupon exchangeable for regis-
tered at Central Trust Co.; $9,000,000 to be is-sued only in exchange for underlying bonds,
the remaining $1,000,000 to be f-old for cash, the proceeds to pay for new equipment, etc.,
and for premiums on old bonds exchanged for new. Trustees : Central Trust Co., New York;
Eervey Bates, Indianapolis, Ind. Interest payable at Central Tiust Co., New York.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
222.00
222 00
284.90
342.91
342.91
342.91
342 91
342.91
Passenger Train Miles
524,098
547,207
684,431
764,781
804,260
880.085
854,167
791,441
Freight Train Miles
449,331
599,352
845,013
901,664
698,136
673,942
867,889
761.278
Passengers Carried
521,580
671,685
759,332
883,530
918,927
915,721
964,888
894,796
Passenger Miles
17,689,617
23,544.228
29,870.496
34,845,935
35,808,500
35,744,758
31,812,992
Freight (tons) Moved.
540,815
831,596
I,2i5,984
1,201,319
1,221,775
1,239.393
1.442,663
1.454,881
Freight (ton) Miles
50,225,000
96,088,352
128:936263
134.134.071
129853-902
139 936 623
174608,590
172,841,637
$
8
8
8
8
S
$
S
Gross Earnings
1.342,701
1,765,242
2,365,058
2,r>25,991
2,541,780
2,414,300
2.494,795
2,426,413
Operating Expenses
834,781
1,189,321
1,403,569
1,525,387
1,543,805
1,595,400
1,660,181
1,540,062
Net Earnings
509,920
571,521
961,489
1,000,604
897,975
818,900
834,614
880.351
Gross Earnings per Mile. .
5,967 56
7,827 74
8.301 36
7.366 34
7,412 38
7,040 62
7,275 33
7,075 94
Gross Expenses per Mile .
Net Earnings per Mile. . .
2,760 27
2,207 29
5.885 87
2,541 87
4,926 53
3,374 83
4,448 36
2,917 98
4,793 69
2,618 69
4,652 53
2.388 09
4,841 45
2,433 88
4,491 15
2,584 79
Expenses to Earnings. ..
62. 12 p. c.
67. 53 p. C.
59.35 p. c.
60.39 p. c.
64.67 p. c.
66. 08 p. c.
66.55 p. c.
63.47 p. C.
Av. Rate p. Pass. p. Mile .
2.72c.
2.54 C.
2.31 c.
2.26 c.
2.38 C.
2.32 c.
2.22 c.
2.29 C.
Av. Rate p. Ton p. Mile. .
1.42 C.
1.34 c.
1.17 c.
1.14 c.
1.21 c.
1.09 c.
0.89 c.
0.88 C.
General Balance SJieet, June 30, 1886.
Construction and Equipment $13,057,178 91 , Capital Stock
Sundry Sejjuritie^. . .„ . .^. ...... ........ 1,885,005 65 ( Funded Debt; 7,430,000 00
224^755 07
Indianap. Union Ry. Co. Proprietary Acc't
Materials and Supplies
110.584 33
97 786 87
" Big Four " Gram Elevator
215 757 86
Advances to Branch Lines. .
424 463 25
Cash Bills and Accounts
215,305 10
16.006.081 97
Real Estate Mortgage
ccounts Payable and June Pay-Roils. . . .
Interest and Dividends Unpaid .......... *66,115 14
Due Sundry Persons and Companies ...... 90,457 69
Profit and Loss ........................... 1,157,93323
Total Liabilities .
* Includes Coupons due July 1,^1886.
.§16,006,081 97
POOR'S MANUAL OF RAILROADS.
415
At a meeting of the directors held February 21, 1887. an issue of $3,000,000 additional
stock was authorized, to be sold to stockholders at par, less credits of dividends earned but
not declared to the amount of 35 per cent. Of the proceeds $1,000,000 is to be used for pay-
ing the premium on outstanding 6 and 7 per cent, bonds to be replaced by new 4s, and the
remainder held in the treasury for future use.
As a part of the consideration of the lease this company agreed to carry the floating debt
of the C. L. & C RR. Co., amounting to $139,000. It also advanced a large hum towards the
completion of the V., G. & R. RR., and agreed to contribute one half the cost, or $325,000,
to aid in building a connection from Rankakee (C., L. & C. RR.) to Seneca (C., R. I. & P. RR).
List of securities owned by the company June 30, 1886 :
NAME or SECURITY.
Total
Issue.
Rate of
Par.
Owned by
Company.
Ledger
Valuation.
C., L. & C. RR. 7 per cent, consol. mortgage bonds
$
1,120,000
650,000
275,000
600,000
112,500
1,861,000
500,000
250,000
200,000
50,000
10,000
7,000,000
1,000
1,000
1,000
100
100
50
100
50
50
25
50
100
100
,000
'325,000
275,000
100,000
37,500
1,771,850
360,000
152,750
126,650
49,875
5,000
200
800
$
740,000 00
325,000 00
275,000 00
100,000 00
37.5ii(i 0.1
177,185 00
37,520 65
15,275 00
126,65000
49,875 00
Kankakee & S. RR. 6 per cent, 1st mortgage bonds . ...
Col., Hope & G. RR. 6 per cent. 1st mortgage bonds
Central Union Depot & Ry. Co. of Cin., preferred stock
Central Union Depot & Ry. Co. of Cin.. common stock
C., L. & C. RR. Co., preferred stock...
V., G. & R. RR. Co., capital stock. . .
Col., Hope & G. RR. Co., capital stock
Harrison Branch RR. Co., stock
F., F. & M. RR. Co., capital stock
Kankakee & Seneca RR. Co., stock.
C., L, St. L. & C. Ry. Co., stock
8 membership certificates, Cincinnati Chamber of Commerce.
20000
60000
4,224,625
1,885,005 65
Annual meeting, last Tuesday in October. Books close ten days prior thereto. Trustees
of bonds: I. & C. of 1858, Richard H. Manning, George M. Bartholomew, end W. G. W.
Gano ; C. & I. of 1862, Joseph C. Butler ; C. & I. of 1867, George Hoadly ; I. C. & L. of 1867,
W. F. Reynolds, Thomas A. Morris, and Henry C. Lord ; C., I., S. L. & C. Consols, George
T. Bliss and Henry Bates. Listed on New York Stock Exchange, $1,255,000 general mort-
gage 4 per cent, bonds.
RAILROADS LEASED OR OWNED BY THE C., I., St. L. & C. RY. Co.
CINCINNATI, LAFAYETTE AND CHICAGO RAILROAD.-Templeton. Ind., to Kanka-
kee, 111., 56.30 miles : total track (steel, 35), 63.15 miles. Opeued throughout August 25, 1872. The Lake Erie and
Western Ry. between Lafayette and Templeton, 18.7 miles, is operated under lease, making the total length ope-
rated 75 miles. Leased to the C., L, St. L. & C. Ry. Co. from September 1, 1880 ; rental, fixed charges. Annual
charges for interest on bonds, $78,400 : rental, $10,098— total, $88,498. Capital stock— common, :;68,i!UO: preferred,
$1,861,000 ; funded debt (1st mortgage 7 per cent. 30 year bonds, dated March 1, 1871, interest March and Septem-
ber), $1,120,000 ; consolidated mortgage 7 per cent. 40-year bonds, dated June 1, 1874, interest June and Decem-
ber, $1,120,000), $2.240,000 ; unfunded debt, $207,000— total, $4,439,200. Contra: Cost of road, $4,013,661.94. An-
nual meeting, last Wednesday in October. This company is also responsible for $112,000 1st mortgage bonds and
6 per cent, interest on one half the cost of the 18 miles of L. E. & W. leased line. The C., I., St. L. & C. Ry. Co.
owns the consolidated bonds (on which no interest has so'far been paid) and 95 per cent, of capital stock. Float-
ing debt, assumed by lessees, $139,000. M. E. INGALLS, President; E. F. Osborn, Secretary and Treasurer, Cin-
cinnati, O.
CINCINNATI STREET CONNECTION RAILBOAD.— In Cincinnati and connecting the C.,
I., St. L. and C. Ry. and the Little Miami RR.. 4 miles ; total track, 5 miles. Its cost ($525,000) was defrayed by
the issue of bonds guaranteed by the Cincinnati and Indiana and the Little Miami companies, each to the extent
of one half the amount, to which companies or their successors the road now belongs. It is used as a connection,
between the lines of the two companies.
F AIRLAND, FRANKLIN AND MARTINSVILLE RAILROAD.— Fairland to Martinsville,
38.30 miles ; total track (steel, 15 miles). 40.55 miles. Opened in 1854 a* the Cincinnati and Martinsville RR., and
operated under temporary contract by Indianapolis, Cincinnati and Lafayette RR. Co. Sold under foreclosure in
1876, and reorganized under present name. Leased March 1, 1880, to C., I., St. L. & C. Ry. Co. Rental, cott of
operating road. Capital stock (par, $25), $50.006, of which the C., I., St. L. and C. Ry. Co. owns $49,875. No
bonds. M. E. INGALLS, President ; E. F. Osborn, Treasurer and Secretary, Cincinnati, O.
HARRISON BRANCH RAILROAD.— Valley Junction to Harrison, O., 7.40 miles ; total track,
8.6 miles. Buiitinl864. It was leased successively to the Cincinnati and Indiana (to May 1, 1866) ; the Indiana,
Cincinnati and Lafayette (to July 1, 1871) ; the Whitewater Valley (to October 23, 1876); and again to the Indiana,
Cincinnati and Lafayette (to March 1, 1880). At the latter date the property was transferred to the C., I., St. L.
& C. Ry. Co., in perpetuity, at an annual rental equal to 7 per cent, on $200,000 of stock, of which the lessee owns
$126,000. M. E. INGALLS, President; E. F. Osborn, Sf.cretary and Treasurer, Cincinnati, O.
VERNON, GREENSBTJBG AND RUSHVILLE RAILROAD.— Vernon to Rnehville, Ind
44.39 miles ; second track, 44.39 miles; sidings, 3.67 miles. Chartered July 10, 1879. Completed and opened
floating debt (advanced By lessee), $i30,000— total, $1,080,000. Contra : Cost of roa'd, $000,000 : real estate,
000. HOBACE SCOTT, President; E. F. Osboru, Treasurer; Cortez Ewing, Secretary, Greenbush, Ind.
416 POOR'S MANUAL ftr RAILROADS.
Board of Directors C., 1., St. L. & C. Ey. Co., elected October 26, 1886.
M. E. Ingalls Cincinnati, O
George Hondly Cincinnati, O.
Samuel J. Broachvell. .Cincinnati, O.
George Wilshire Cincinnati, O.
E. T. Jeffery Chicago, HI.
B. F. Evans Cincinnati, O.
Larz Anderson Cincinnati, O.
Thos. A. Morris.. Indianapolis, Ind.
Allen M. Fletcher. Indianapolis, Ind.
R. R. Cable Chicago, 111.
George Bliss New York, N. Y.
C. P. Hnntington. .New York, N. Y.
Orland Smith Cincinnati, O.
MELVILLE E. INGALXS, President Cincinnati, 0.
Secretary and Treasure? — E. F. Oborn. Cincinnati, O. | Superintendent— J . W. Sherwood Indianapolis, Ind.
PRINCIPAL OFFICE AND ADDREBS Cincinnati, O.
Eegistrar of Stock American Exchange National Bank, New York, N. Y.
Transfer Agents Morton, Bliss & Co., New York, N. Y.
CINCINNATI, JACKSON AND MACKINAW RAILROAD COMPANY.
Main Line of Road.— Cecil, O., to Lewisburg, O 104.0 miles.
Michigan and Ohio Hit. Division: Dundee, Mich., to Allegan, Mich 133.0
m v JT., A. A. & N. M. By.: Manhattan Jct.,O., to Dundee, Mich. 20.9
Ka£e ' \ W. & L. E. RR.: Manhattan Junction, O., to Toledo, O S.I— 156.0 miles.
Total length of line in operation May 1, 1887 260.0 miles.
TT j rt f Great Miami River to Lewisburg, 0 00.0 miles.
Under Construction : j Cecil> Q to Jackgon Mjch * 86 0 mi]eg<
Sidings, 18 miles. Gauge, 4 ft. 8i in. Rail— steel, 181.5 miles, 50, 52 and 56 Ibs.; iron, 78.5
miles, 45 and 56 Ibs.
History. — The Cincinnati, Van Wert and Michigan RR. Co., chartered January 24, 1881,
to build a road from Cincinnati to the State Line of Michigan, a distance of 200 miles, opened
its line from Paulding to Shanes Crossing in 1882; to Greenville in 1884; to West Manchester
in 1885, and to Lewisburg in July, 1886. The Paulding and Cecil RR., 6.4 miles, was pur-
chased during 1883. (See MANUAL for 1883). On February 12, 1886, the Cincinnati, Van
Wert and Michigan RR. Co. was consolidated -with the Jackson and Ohio RR. Co. of Mich-
igan (a corporation chartered to build a line within that St^te, from Jackson to the Ohio
boundary line), forming the existing company.
The Michigan and Ohio RR. Co. was chartered October 9, 1883 ; road opened November
29, 1883. Included in its line was the Allegan and Southeastern RR., which was purchased
from the Pennsylvania RR. Co. for $187,500. The completed line of that road extended
from Allegan to Montieth, 11.50 miles, with a partially graded road-bed between Montieth
and Battle Creek. Default was made by the Michigan and Ohio RR. Co., in payment of
bond interest November 1, 1884, and on the 5th of same month its road and property were
placed in hands of a receiver in suit for foreclosure of mortgage. On December 5, 1885, a
decree of sale was entered in the United States Court at Detroit ; on November 4, 1886, the
road was sold at Toledo, and purchased of the bondholders, from whom it was purchased in
1887 by the Cincinnati, Jackson and Mackinaw RR. Co., and conveyed to the latter by
authority of an act passed at the 1887 session of the Michigan Legislature, free of all lien or
debt.
Construction is now in progress from the Great Miami River, 37 miles north of Cincin-
nati, to Lewisburg, and that portion of the line is now (May 1, 1887) practically completed,
securing for the company connection with Cincinnati. On the northern extension, from Cecil
to a connection with the Michigan and Ohio Division, 86 miles, work is now in active prog-
ress, and it is expected the whole line will be opened during 1887.
In addition to the extensions now under construction many improvements are being
made on the completed lines, one of the most important being the removal of all iron rail
from the track and the substitution of 56 Ib. steel rails.
Rolling Stock, May 1, 1887.— Locomotive engines, 26. Cars— passenger, 14 ; baggage,
mail and express, 8 ; freight (box, 507 ; platform, 350 ; stock 20 ; coal, 27), 904— total revenue
cars, 926. Also, 10 caboose cars.
Operations. — This Cincinnati, Jackson and Mackinaw RR. Co. has failed to furnish an
POOR'S MANUAL — CINCINNATI, JACKSON AND MACKINAW RR. CO. 417
adequate statement of its operations during 1886, and the following is .the only information
obtainable :
Gro?s earnings combined properties (2fO miles) during year ending September 30, 1886 $895 375 52
Operating expenses, combined properties (260 miles), during year ending September 30, 1886 260,764 79
Net earnings, combined properties (260 miles), during year ending September 80,1886 $134,610 73
Other earnings (subsidies, etc.) , ' 80 S92 23
Total available revenue _ _ $215,502 96
In default of a later statement in similar detail, the statement of operations for year
ending December 31, 1885 (covering 98 miles), as given in last MANUAL, is here repeated. —
Train mileage— passenger, 96,608 ; freight, 64,300 ; mixed, 60,632 ; other, 509— total, 222,-
049. Passengers carried, 91,232 ; carried one mile, 1,225,259 ; average mile rate, 3. 13 cents.
Tons freight moved, 163,808; moved one mile, 2,231,635 ; average ton-mile rate, 3.83 cents.
Earnings.— Passenger $38,285
Freight '. 85,52713
Mail 3,416 46
Express 2,750 06
Other 5,248 36
Total ($1,379.97 per mile) $135,237 00
Expenses.— Transportation $24,983 48
Motive Power 25,624 41
Maintenance of Curs 1,427 86
Maintenance Way and Buildings 14,602 84
General Expenses 9,657 17
Total ($778.02 per mile) $76,245 76
Net earnings (43.62 per cent.), $58,991.24. Interest paid on bonds, $78,619. Deficit for
the year, $19,627.76, which was advanced by contractor under an agreement to make good
deficit in interest during construction.
Below are given, for comparison and record, the statistics of operations of the Michigan
and Ohio RR. (156 miles) for the years 1885 and 1886 :
Operations for year ending December 21, 1885. — Train mileage — passenger, 191,908 ;
freight, 111,317)— total, 303,225 miles. Passengers carried, 92,598; carried one mile, 2,614,-
941. Tons of freight moved, 155,780 ; moved one mile, 15,448,782.
Earnings.— Passeuger $52,03049
Freight 117,12519
Mail and Express 15,029 11
Miscellaneous 7,849 73
Total ($1 ,230.99 per mile) $192,034 52
Expenses.— Maintenance of Way $50,287 59
Motive Power and Cars 20,585 72
Transportation 76,525 45
General ana Taxes 23,49642
Total ($1,095.50 per mile) $170,895 18
Net earnings, $21,139.34. Add other receipts, $1,2.50— total available revenue, $22,-
389.34. Payments : Interest on receiver's certificates, $328.41; rental leased lines, $17,-
625.02— total, $17,953.43. Balance, surplus, $4,435.91 ; surplus from last year, $25.23—
total, $4,461.14.
Operations for year ending December 31, 1886 (156 miles). — Train mileage — passenger,
132,994 ; freight, 143,831 ; mixed, 19,044— total, 295,867 miles. Passengers carried, 76,-
953 ; carried one mile, 2,440,937. Tons of freight moved, 284,017 ; moved one mile, 10,-
237,692.
* Earnings.— Passenger $49,313 46
Freight 163,876 91
Mail 6,081 07
Express and Baggage 2,120 00
Total ($1,425.58 per mile) $222,391.44
Expenses.— Maintenance Way $43,754 88
Motive Power and Cars 18,941 07
Transportation 74,476 06
General Expenses 81,800 42
Total ($1,080.59 per mile) $168,972 43
Net earnings, $53,419.01. Add other receipts, $8,734.94 — total available revenue, $62,-
15H.95. Payments : Receiver's certificates, $3,252.42; rent of buildings, etc., $18,202.52;
expenses of receivership, $14,416.67— total, $85,871.61. Balance, burplus, $26,282.34; sur-
plus from last year, $4,461.14— -total, $30,743.48.
Financial Statement, May 1, 1887.— Capital stock (common, $5,028,000 ; preferred, $10,-
656,000), $15,684,000 ; funded debt, $2,400,000— total stock and bonds, $18.084,000. The
company having failed to furnish any detailed balance sheet, no further information can be
given in reference to its financial condition: During the past year its capital stock has been
increased from $1,470,000 to $15,684,000, as shown above. This increase was made pre-
sumably to provide the means necessary for the purchase of the Michigan and Ohio RR., and
for the extensions and improvements now being made. Since September 30, 1886, the $368,-
27
418 POOR'S MANUAL OF RAILROADS.
000 first mortgage bonds of 1924 have been retired, and there being no bonded debt on the
Michigan and Ohio line the total outstanding funded debt at this date (May 1, 1877) con-
sists of —
Central Division (Cecil to Greenville, 81.5 miles), 1st mortgage 6 per cent. 20-year coupon $100, $500,
81,000 bonds, due January 1, 1901, interest January and July $1,200,000
Central Division (Cecil to Greenville, 81 .5 miles), non-cumulative income 6 per cent. 50-year $100, $500,
$1,000 bonds, due January 1, 1931, interest, if earned . 1,200,000
Provision has been made, however, for an issue of 50-year 5 per cent, consolidated mort-
gage bonds, covering all lines of the company, at the rate of $10,000 per mile of completed
road, of which issue $1,200,000 shall be irrevocably pet apart for the retirement of the
divisional first mortgage bonds. This issue will entail upon the mileage here reported an
annual fixed charge of $162,000. (This is an error !)
Interest payable at New York City. Annual meeting, first Wednesday in October ; books
close ten days prior thereto. Trustees of Central Division bonds, Ohio Loan and Trust Co.
Directors.— W. C. Sheldon, Brooklyn, N. Y.; J. M. Pendleton, Westerley, R. I.; Titus
Sheard, Little Falls, N. Y.; H. H. Cook, New York, N. Y.; G. Burt, Warwick, N. Y.; E. N.
Dickerson, New York, N. Y.; J. M. C. Marble, Van Wert, O ; P. B. Loomis, Jackson, Mich.;
Amos Root, Jackson, Mich.; Henry Butler, Van Wert, 0.; Oscar Sheppard, West Alexandria,
O.; G. L. Marble, Van Wert, O.
J. M. C. MARBLE, President and General Manager Van Wert, O.
Vice-President— Geo. R. Sheldon New York, N. Y. i Treasurer— Richard Smith New York, N. Y.
Secretary— G. L. Marble Van Wert, O. | Assistant Treasurer— A. V. Rice Van Wert, O.
PRINCIPAL OFFICE AND ADDRESS Van Wert, O.
Transfer Office 4 Wall Street, New York, N. Y.
CINCINNATI, LEBANON AND NORTHERN RAILWAY COMPANY.
Main Line of Road. — Cincinnati, O., to Dodds, 0 36.25 mile?.
Montgomery Branch — Blue Ash to Montgomery 1.40 miles.
Total length of railroad owned June 30, 1886 • 37.65 miles.
Trackage — Dodds to Dayton, 23 ; Avondale Junction to Zoological Garden, 1.2. .. 24.20 miles.
2d track, 2.34 ; sidings, etc., 3.96 miles. Gauge, 3 ft. Rail (steel, 18.34 miles), 35,40, 56 Ibs.
History. — The Cincinnati Northern Ry. Co., to which this company is successor, was in-
corporated June 8, 1880 (see MANUAL for 1883, page 556) ; road opened in 1882 ; consolidated
into Toledo, Cincinnati and St. Louis RR. Co. May 30, 1883. Later in 1883 this consolidated
organization became embarrassed and its property was placed in the hands of a receiver. In
the litigation that ensued, a separate receiver was appointed for the Cincinnati Northern RR.,
at the instance of the holders of the divisional first mortgage bonds. On June 27, 1885, the
road was sold by order of the United States Circuit Court, and purchased in the interest of
the first mortgage bondholders, by whom the existing corporation was organized August 1,
1885. The company uses the tracks of the Toledo, Cincinnati and St. Louis RR., from Dodds
to Lebanon Junction, 16.8 miles, and those of the Dayton and Ironton road from the latter
point into Dayton, 6.20 miles. It also runs trains over the Spring Grove, Avonr'ale and Cin-
cinnati Ry., formerly its Avondale branch, extending from Avoudale Junction to Zoological
Gardens, Cincinnati, 1.2 miles, and which was sold under foreclosure January 27, 1886, and
purchased by the bondholders for $5,000.
Rolling Stock, December 31, 1886. — Locomotive engines, 8. Cars — passenger, 12 ; pas-
senger and baggage, 2 ; mail and express, 1 ; freight (box, 53 ; stock, 15; platform, 35; coal,
38), 141— total, 156.
Operations for 17 months ending December 31, 1886. — Train mileage, etc., not reported.
Earnings— passenger, $92,162.72; freight, $72,736.73; mail, $6,175.55; express, $2,989.99;
other, $2,626.27 — total, $176,691.26. Expenses— transportation, $70,076.58 ; motive power
and cars, $16,691.65; maintenance of way, $33,646.31; rents and taxes, $10,307.71— total,
$130,722.25. Net earnings, $45,969.01. Paid interest on bonds, $2,200. Surplus, $43,769.-
01, which has been expended for improvements upon the property.
POORS MANUAL OF RAILROADS. 419
Financial Statement, December 31, 1886.— Capital stock, $987,000 ; funded debt, $100,-
000— total, $1,087,000. Cost of property, $1,290,118.71.
Funded debt consists of first mortgage 5 per cent. 80-year $1,000 coupon bonds, dated
January 2, 1886, interest payable January and July; authorized issue, $'>00,000. Capital
stock authorized, $1,000,000. Annual meeting, second Tuesday in April. Trustee of bonds :
John Flack Winslow, Cincinnati, O.
Directors (elected April 13, 1886).— A. D. Bullock, George Hafer, I. M. VV. Neff, Briggs
Swift, A. S. Winslow, Cincinnati, O.; Edward I. Brown. Boston, Mass.
GEORGE HAFEB, President and Treasurer Cincinnati, O.
Secretary- J. F. Winslow Cincinnati, O. | Auditor- P. L. Dudley Cincinnati, O.
PBINCIPAL OPFICE AND ADDRESS Cincinnati, C.
CINCINNATI NORTHWESTERN RAILROAD COMPANY.
Line of Road.— College Hill Junction to Mt. Healthy, 0 6.5 miles.
Sidings, 1 mile. Gauge, 4 ft. 8i in. Rail, 60 Ibs.
History.— Chartered under the name of College Hill RR. Co., in 1874 ; built as a narrow
gauge road, and opened to College Hill March, 1876; to Mt. Healthy, November, 1877.
Present name adopted in December, 1883. Changed to standard gauge during the past year.
Rolling1 Stock. — Locomotive engines, 2. Cars — passenger, 2 ; freight, 4 ; other, 3.
Operations for year ending June 30, 1886. — Trains run, 22,000 miles. Passengers car-
ried, 90,000. Earnings— passenger, $11,200.66; freight, $1,000.50; mail, $302.68— total,
$12,503.84. Operating expenses and taxes, $19,222.19. Deficit, $6,718.35.
Financial Statement, June 30, 1886.— Capital stock, $100,000 ; funded debt, 1st mort-
gage 6 per cent, bonds, $30,000— total, representing cost of road and equipment, $130,100.
Directors.— John R. Davey, R. Simpson, J. F. Wright, W. H. McKinny, Geo. W. Saul,
W. W. Innes, William T. Simpson, Cincinnati, Ohio.
JOHN R. DAVEY, President Cincinnati, 0.
Treasurer— Robert Simpson Cincinnati, O. | Secretary— William T. Simpson Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, 0.
CINCINNATI, RICHMOND AND FORT WAYNE RAILROAD COMPANY.
Line of Road. — Richmond, Ind., to Adams, Ind 85.60 miles.
Sidings, etc., 10.75 miles. Gauge, 4 ft. 9 in. Rail (steel, 33.60 miles), 56 Ibs.
The company also uses the track of the C., St. L. & P. RR. at Richmond, 0.76 mile, and
of the P., Ft. W. & C. Ry. from Adams to Fort Wayne, 5.3 miles, making the total length
of road operated 91.66 miles.
History. — Chartered February 4, 1853, as Cincinnati and Fort Wayne RR. Co. Present
name adopted February 5, 1866. Whole line opened January 1, 1872. Leased from January
1, 1871, to the Grand Rapids and Indiana RR. Co. for 99 years ; rental, net earnings. Bond
interest guaranteed by the Penn. Co., the C., H. & D. RR. Co., and the immediate lessees,
each to the extent of one-third of any deficiency of net earnings to pay the coupons.
Rolling Stock. — Locomotive engine, 1. Platform cars, 10. Balance of equipment
furnished by the Penn. Co., the C., H. & D. RR. Co., and the G. R. & I. RR. Co. It has
been recommended by the president that the company procure its own equipment.
Operations for year ending December 31, 1886 (91.66 miles). — Train mileage— passenger,
186,567 ; freight, 163,580 ; other, 26,553— total, 376,700 miles. Passengers carried, 176,087 ;
carried one mile, 4,162,899 ; average mile rate, 2.63 cents. Tons freight moved, 371,251 ;
moved one mile, 24,559,255 ; average ton-mile rate, 1.04 cents.
Earnings.— Passenger $109,579 41
Freight... 256,85752
Mail 6,49343
Express 5,38514
Miscellaneous 5,270 03
Total ($4,180.50 per mile) $383,585 53
Expenses.— Transportation $88,291 55
MotivePower 69,652 10
Maintenance of Cars 7,980 60
Maintenance Way 91,971 SsJ
General 22,14356
Total ($3,055.20 per mile) $280,039 73
420 POOR'S MANUAL or RAILROADS.
Net earnings (26.99 per cent.), $103,545.80. Payments : Interest on bonds, $126,000 ;
other iuterest, $45,711.65 ; other payments, $60— total, $171,771.65. Deficit, $68,225.85.
Statement of gross earnings, expenses, and net earnings for eight years :
1879 1880 1881 1882 1883 1884 1885 1886
$$$8S$$$
Gross Earnings 332.06671 372,76819 407,30251 435,76406 426,84871 388,76825 .373.09203 383,5^553
Operating Expenses ... .239,533 93 284,27375 275,28485 313,67196 337,58779 325,19667 284,86339 280,03973
Net Earnings 82,53278 88,49444 132,01766 122,09210 89,26092 63,57158 89,32924 103,54560
Deficiency in net earnings to meet interest under the lease and guarantees since January
1, 1871 (including interest on advances), $1,056,632.45 ; due as follows : Penn. Co., $354,045.-
83; G. R. & I. RR. Co.. $353,487.27 ; C., H. & D. RR. Co., $353,790.15.
Financial Statement, December 31, 1886.— Capital stock ($50 shares), $1,709,312.87 ;
funded debt, first mortgage 7 per cent. 50-year $1,000 gold coupon bonds, due June 1, 1921,
interest payable June and December, at office of Winslow, Lauier and Co., New York, N. Y.,
$1,800,000; other liabilities, $171,079.39; due Grand Rapids and Indiana RR. Co., lessee,
$1,056,632.45— total, $4,737,024.71. Contra: Cost of road, $3,683,244.83; profit and loss,
$ 1 , 053, 779. 88— total, $4, 737,024. 71 .
Annual meeting, first Thursday in April. Books close for annual meeting ten days prior
thereto. Trustees of bonds : George W. Ca-s and Charles Lamer, New York. Registrar of
stock, J. H. P. Hughart, Grand Rapids, Mich.
Directors (elected April 1, 1886). — Wm. Parry, John H. Moorman, Richmond, Ind. ;
Asahel Stone, Winchester, Ind.; David Studebaker, Decatur, Ind.; J. N. McCullough, Wm.
Thaw, Thos. D. Messier, Geo. B. Edwards, Pittsburgh, Pa.; Francis H. Short, Cincinnati, 0.;
William 0. Hughart, William R. Shelby, Grand Rapids, Mich.
WILLIAM PARRY, President Richmond, Ind.
V.-P & G. J/a».— W. O. Hughart. .Grand Rapids, Mich. | Sec. and Treas.—J. H. P. Hughart. Grand Rapids, Mich.
PRINCIPAL OFFICE AND ADDRESS Richmond, Ind.
Transfer Office "Winslow, Lanier & Co., New York.
Lessees' Offices Grand Rapids, Mich.
CINCINNATI, WHEELING AND NEW YORK RAILED AD COMPANY.
Line of Road. — Cumberland, 0., to Morgan Junction, 0 19 miles.
Sidings, 2.5 miles. Gauge, 4 ft. 8i in. Rail, 56 Ibs. per yard.
History.— Originally organized as the Bellaire, Beaver Valley and Shawnee RR. Co.
On the 26th of February, 1883, the present name was adopted. Road opened from Sene-
caville to Morgan Junction November 20, 1883. The road as projected extends from Cin-
cinnati, O., to Wheeling, W. Va., 230 miles, with brandies from McConnellsville to
Marietta, 44 miles, and from Senecaville to Freeport, 26 miles— in all 300 miles. Included
in the line completed is the Eastern Ohio RR. (Cumberland to Point Pleasant, 7.75 miles),
which was purchased in the early part of 1883.
Rolling Stock.— Locomotive engines, 2. Cars— passenger, 3; baggage, etc., 2; freight,
1 ; service, etc., 1 — total cars, 7.
Operations for year ending June 30, 1886.— Train mileage — passenger, 26,000 ; freight,
40,000 — total, 66,000 miles. Passengers carried, 5,551 ; carried one mile, 83,265 ; average
mile rate, 2.66 cents. Tons freight moved, 40,106 ; one mile, 762,014 ; average ton-mile
rate, 0.92 cent Earnings — passenger, $2,212.90; freight, $7,017.84; mail and express,
$803.49 ; other, $449. 87— total, $10,484.10. Expenses— transportation, $9,114.38 ; general,
$350— total. $9,464.38. Net earnings, $1,019.72.
Financial Statement, June 30, 1886.— Capital stock (par, $68), $372,432.68 ; other lia-
bilities, $213,000— total, $585,432.68.
Annual meeting, first Monday in January. Registrar of stock, G. R. Atkinson (Secretary} ,
Batesville, O.
POOB'S MANUAL OF RAILROADS. 421
Directors (elected January 3, 1887).— Thomas R. Sharp, New York, N. Y.; W. II. Atkin-
son, G. R. Atkinson, W. K. Cooper, W.W. Elliott, Henry Miller, H. Hastings, Nathan House,
J. W. Wilson, H. F. McVicker, Batesville, O.; F. Chappc-ll, Barnesville, O. ; Seth Gordon,
Senecaville, O.; W. N. Cowden, Quaker City, 0.; W. W. Collins, Caldwell, 0.; Xaver Ledger,
Teinperanceville, 0.
THOMAS R. SHARP, President New York, N. Y.
W. H. Atkinson, Vice- President Batesville. O.
Secretary and Treat.— G. R. Atkinson.... Batesville, O. | Gen. Manager— E. C. Winstanley Cumberland, O.
Auditor— W. W. Elliott Batesville, O.
PRINCIPAL OFFICE AND ADDRESS Cumberland, O.
New York Office 1 Broadway. | Transfer Office Batesville, O.
CLEVELAND AND CANTON RAILWAY COMPANY.
Main Line of Road. — Cleveland to Coshocton, 0 115.13 miles.
Sharrodaville Branch : Canton, 0., to Sharrodsville, 0 42.76
Minerva Branch : Oneida, O. , to Minerva, 0 2.70 — 45.46 miles.
Total length of lines built and in operation 160.59 miles.
Sidings, 23.?2 miles. Gauge, 3 ft. Rail (steel), 35 and 40 Ibs.
History. — The Youngstown and Connotton Valley RR. Co. was organized August 29,
1877, to build a road from Bowerstown to Youngstown, O. In 1878 it purchased the old Ohio
and Toledo RR., from Carrollton to Oneida, 12 miles, originally opened in 1854, and known
successively as the Carroll County RR., the Carrollton and Oneida RR. and the Ohio and
Toledo RR. On October 16, 1879, the northern terminus was changed from Youngstown
to Canton, and on November 20, 1879, the name was changed to Connotton Valley RR. Co.
That company built the line from Minerva to Dell Roy, and reconstructed the section from
Carrollton to Oneida. On May 15, 1880, the line was completed and opened from Canton to
Dell Roy, 36 miles, and on October 25, same year, the company was consolidated with the
Connotton Valley Northern RR. Co., under the name of the Connotton Valley Ry. Co. About
June 1, 1882, the Connotton Valley and Straitsville RR. was acquired, and extended to Cosh-
octon, 55 miles.
Placed in the hands of a receiver January 19, 1884. Sold under foreclosure May 9, 1885,
and purchased by the bondholders, who organized the present company with a capital of
$8,000,000 preferred and $4,000,000 common stock — the preferred to be used in retiring
the old mortgages at par, and the common to be exchanged for the old preferred at the
rate of three shares for ten, and for the old common at the rate of one share for four. See
MANUAL for 1885, page 543.
Rolling Stock, June 30, 1886.— Locomotive engines, 26. Cars— passenger, 29 ; baggage,
mail and express, 7 ; freight, 962 ; service cars, 1 — total cars, 999. Of the above, 21 loco-
motives, 24 passenger, 1 baggage and 907 freight cars are owned through car trust (Boston
Equipment Co.).
Operations for year ending June 30, 1886. — Train mileage — Not reported. Passengers
carried, 363,352 ; carried one mile, 4,715,524 : average mile rate, 2.28 cents. Tons freight
moved, 259,349 ; moved one mile, 17,215,553 ; average ton-mile rate, 1.02 cents.
Earnings.— Passenger $107,469 85
Freight 175,832 52
Mail 8,73000
Express 4,650 00
Miscellaneous 12,673 17
Total ($1,926.37 per mile) $309,355 54
Expenses.— Transportation $64,732 81
Motive Power 65,133 41
Maintenance of Curs 21,260 27
Maintenance Way and Buildings 69,694 83
General 28,365 21
Total ($1,551.69 permile) $249,186 53
Net earnings (19.45 per cent.), $60,169.01. Paid interest on debt, $8,228.27; construc-
tion and cost of property, $45,502.98— total, $53,731.25. Balance, surplus, $6,437.76.
Operations for six months ending December 31, 1886. — Tons of freight moved, 190,-
937. Earnings— passenger, $58,531.05 ; freight, $35/721.90; coal, $88,346.62; mail, express
and other, $14,712.76. Operating expenses and taxes, $154,551.67. Net earnings, $42,900.60.
422 POOR'S MANUAL OF RAILROADS.
Financial Statement, June 30, 1886.— Capital stock ($100 shares), $10,306,374 ; funded
debt, $340,000 ; net earnings, $60,169.01 ; credit balances, $285.95— total, $10,706,828.96.
Contra : Cost of property, $10,646,659.95 ; new construction and reorganization expenses,
$45,502.98 ; interest, $8,228.27; debit balances, $3,537.29 ; cash, $2,900.47— total, $10,706,-
828.96.
The funded debt consists of 5 per cent, cognovit notes, issued to meet debts incidental to
termination of receivership and in the purchase of terminal and equipment notes, of which
$830,000 are outstanding. There are also said to be outstanding about $75,000 of receivers'
certificates, upon which interest is overdue since July 1, 1885.
Directors (elected May 12, 1886).— H. A. Blood, William Rotch, Boston, Mass. ; Win. J.
Rotch, New Bedford, Mass.; William 0. Chapman, Canton, Mass.; George N. Smalley, West-
boro', Mass.; Nathan D. Freeman, Provincetown, Mass.; Henry C. Ranney, John W. Ward-
well, Seth T. Paine, William H. Bell, Almon S. Emery, E. T. Blood, Cleveland, 0.; Isaac H.
Taylor, Carrollton, 0.; Samuel Allen, John C. Allen, Dell Roy, 0.
H. A. BLOOD, President Boston, Mass.
W. 0. Chapman, Vice-President and Treasurer Boston, Mass.
Secretary— T). K. Stevens Boston, Mass. General Svpt. — J. W. Wardwell Cleveland, O.
Auditor— Augustus Thierry Canton, O. Transfer Agent— E. D. Hewins Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Canton, O.
Transfer Office 8 Congress Street, Boston, Mats.
CLEVELAND AND MARIETTA RAILWAY COMPANY.
Main Line of Road.— Marietta, 0. , to Canal Dover, 0 98 T9 miles.
Leased : C. & P. RR., Canal Dover to Zoar Station, 0 7.70 miles.
Total length of line operated 105.79 miles.
Sidings, 11.83 miles. Gauge, 4 ft. 8| inches. Rail (steel, 64 miles), 56 Ibs.
History. — Organized as Marietta and Pittsburgh RR. Co., September 29, 1868. Name
changed to Marietta, Pittsburgh and Cleveland RR., December 9, 1873. Road opened May
25, 1874. Receiver appointed August 5, 1875. Road sold June 13, 1877, and purchased for
$200,000 by the bondholders, who organized the Cleveland and Marietta RR. Co., April 24,
1880. Again placed in the hands of a receiver February 2, 1885, and sold under foreclosure
May 5, 1886. Bid in by the bondholders for $400,000, and present company organized July
1, 1886, with a capital of $2,000,000, which is held in trust for old mortgage hoods. Since
the close of the fiscal year the mileage of steel rail has been increased to 75 miles.
Rolling Stock, June 30, 1886. — Locomotive engines, 15. Cars — passenger, 9 ; baggage,
mail, and express, 3 ; freight, 718 — total, 730. Of the above, 4 locomotives, 4 passenger, 1
baggage, and 285 freight cars were acquired through car trust. Since the close of the fiscal
year 2 locomotives have been purchased.
Operations for year ending June 30, 1886. — Train mileage— passenger, 366,090 ; freight,
3,041,985— total, 3,408,075 miles. Passengers carried, 125,017 ; carried one mile, 2,625,357.
Tons freight moved, 473,731 ; moved one mile, 26,191,034. Earnings— passenger, $66,726.-
98 ; freight, $215,950.37 ; mail and express, $9,888.84 ; miscellaneous, $789.62— total ($2,-
773.00 per mile), $293,355.81. Expenses — maintenance of way, $41,571.52 ; rolling stock,
$46,676.16; transportation, $109,249.44; miscellaneous, $22,646.03— total ($2,080.94 per
mile), $220,143.15. Net earnings (24.95 percent.), $73,212.68. Payments : Rental C. & P.
RR., $10,637.51 ; rentals for equipment, $31,796.66— total, $42,434.17. Balance, surplus,
$30,778.49.
Financial Statement. — Capital stock of new company, $2,000,000, all held in trust for
old mortgage bonds. Debt of old company : 1st. mortgage 7 per cent. 25-year bonds, due in
1907, interest payable February and August, $1,000,000 ; receivers' certificates, $112,853.38.
Receivers' certificates were called for payment October 5, 1886, and interest ceased on that
date. There were also $30,000 Marietta City Branch bonds outstanding.
POOR'S MANUAL OF BATLROADS. 423
Directors (elected July, 1886).— Morris K. Jessup, John W. Ellis, New York, N. Y.;
A. T. Wikoff, Cambridge, 0.; George K. Nash, Columbus, O.; A. J. Warner, Marietta, O.
A. T. WIKOFF, President and General Manager Cambridge, 0.
George K. Nash, General Counsel Columbus, O.
Secretary and Treas.—G. H. Candee.New York, N. Y. | Auditor <t Purch. Agt.—C. C. Pickering .. Cambridge, O.
PRINCIPAL OFFICE AND ADDRESS Cambridge, O.
CLEVELAND AND PITTSBURGH RAILROAD COMPANY.
Mrtin T in* nf Knnd i Rochester, Pa., to Cleveland, 0 123.80 miles.
Mam Lines of Road.— j Yel]ow Creek a> to Bellaire 0 43 44 m})eg
New Philadelphia Branch : Bayard. O., to New Philadelphia, 0 81.10 jniles.
Trackage : Pittsburgh, Ft. W. & Chic. By. : Rochester to Pittsburgh, Pa 25.64 miles.
Total length of lines operated December 31, 1886 223.98 miles.
Second track, 8.02 ; sidings, 86.01 m. Gauge, 4 ft. 9 in. Rail (steel, 196.76 m.), 60 Ibs.
History. — Chartered in Ohio March 14, 1836, and in Pennsylvania April 8, 1850. Road
opened to the Ohio River in 1852. Leased to the Pennsylvania RR. Co. for 999 years from
December 1, 1871 ; lease transferred to the Pennsylvania Co. May 1, 1872. Rental, 7 per
cent, on capital stock, interest on bonds, sinking fund, and $10,000 a year for organization.
By the terms of the lease the lessees agreed to pay dividends on the stock of the lessors in-
creased at the rate of 43.85 per cent.
Rolling Stock, December 81, 1886. — Locomotive engines, 97. Cars — passenger, 43 ; bag-
gage, mail and express, 24; freight (box, 500 ; platform, 3,420 ; stock, 100 ; caboose, 51),
4,071 ; service cars, 170 — total cars, 4,308. Of the above 600 platform car trust cars were
assigned by Penna. Co. operating.
Operations for year ending December 31,1886. — Train mileage — passenger, 602,428;
freight, 1,837,689 ; other, 48,378— total, 2,488,495 miles. Passengers carried, 1,138,095 ; car-
ried one mile, 22,153,697; average mile rate, 2.40 cents. Tons freight moved. 3,051,233;
moved one mile, 261,541,252 ; average ton-mile rate, 0.80 cent.
Earnings.— Passenger $532,085 61
Freight 2,081,43689
Mail 39,149 67
Express 37,080 09
Miscellaneous. . 25,256 47
Total ($12,121.66 per mile) $2,715,008 73
Expenses.— Transportation $607,888 91
Motive Power 433,976 10
Maintenance of Cars 234,653 57
Maintenance Way and Buildings 249,080 08
General 102,822 73
Total ($7,270.39 per mile) $1,628,421 39
Net earnings (40.02 per cent.), $1,086,587.34. Add other receipt?, $170,225.87— total
available revenue, $1,256.813.21. Payments : Interest on bonds, $404,238.67 ; rentals leased
lines, $85,000; sinking fund, $129,105; dividends on stock, $786,968.04; other payments, $12,-
984.47— total, $1,418,296.18. Balance, deficit, $161,482.97; deficit from last year, $1,007,-
679.16— total deficit, $1,169,162.13.
General Balance Sheet, December 31, 1886.
Cost of Road, Equipment, etc $17,375,268 08
Materials and Fuel on Hand 261,210 66
Current Accounts 7,116 99
Cash on Hand and Sinking Fund 497,499 06
Tolal Assets... $18,141,394 79
Capital Stock (par, $50) $11,246,971 57
Funded Debt Outstanding 5,370,343 63
Current Accounts 24,678 81
Dividends and Interest Unpaid 330,238 65
Income Balance 1,169,162 13
Total Liabilities $18,141,394 79
The funded debt consists of second and third mortgage bonds (past due and provided for),
$5,500 ; fourth mortgage 6 per cent. 30-year coupon $500 bonds, due January 1, 1892, interest
January and July (authorized, $1,200,000), $1,096,000; fourth mortgage 6 percent, bond scrip,
$8,843.63 ; consolidated sinking fund 7 per cent, coupon $1,000 bonds of 1807, due November,
1900, interest May and November (authorized, $5,000,000), $2,190,000; construction and equip-
ment, series A, 7 per cent. 40-year coupon $1,000 bonds, due January 1, 1913, interest January
and July (authorized, $5,000,000), $1,669,000 ; construction and equipment series B, 7 per
424
POOR'S MANUAL — CLEVELAND AND HTTSBtRGH RR. CO.
cent. 40-year coupon $1,000 bonds, due January 1, 1934, interest January and July (authorized,
$5,000,000), $401,000— total bonds as per balance sheet, $5,870,343.63.
Of the consolidated bonds, $783,000, and of the construction bonds, $272,000 are in the
sinking fund, and not included in the above list. The first mortgage bonds have been wholly
retired and the mortgage cancelled. The fourth and consolidated mortgage issues are secured
by a lien on the whole road ; the construction and equipment bonds are a lien on the income.
Statement for eight years of operations, etc., for years ending December 31, and of capital
account, for years ending November 30 :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of RR. Operated..
225.77
169.77
205.27
107.75
97
44
22
3,020
529,317
1,512,642
695,479
16,624.524
1,810,187
164,675,804
$
439,091
1,883,725
95,700
191,078
225.42
199.77
269.09
128.35
97
43
22
3.220
546,184
1,555,567
809.505
18,083,711
1, 969,230
172,535,850
8
473,086
2,130,774
95,431
273,798
225.77
198.25
272.87
148.65
97
46
22
3,330
561,971
1,965,633
906,706
22,265.486
2,482,592
211,190,606
$
551.680
2,473,540
8(5,851
205,891
224.90
ins.25
277.07
164.61
97
46
22
3,420
588,652
1.713,<35
1,060,759
23,234,059
2,538,759
215,901,749
8
579.423
2,394.651
93.31)5
285,894
223.90
198.25
275.54
183.94
97
44
24
3,420
594,098
1,726,158
1,109,017
24,071,544
2,635,634
228,440,527
S
591,844
2,405.791
91.916
259,874
223.31
197.66
282.53
198.40
97
44
24
3,379
51)2.385
1,625.658
1,112,020
22,483.843
2,413,456
209,297,980
S
545,322
1,948,666
97,238
195,765
223.98
198.34
291.00
207.06
85
43
24
3,977
617,724
1,714,030
1,029,755
20,915,815
2,447,242
2l7,C56,682
8
511,518
1,813,152
96,225
168,414
223.98
198.34
398.87
196.76
1)7
43
24
4,071
602,428
1,887,6^0
1,138.095
22.153.697
3,051,233
261,541,252
$
532,086
2,081,437
101,486
170,226
Miles of Track
Miles of Steel Rail
Locomotive Engines —
Freight (= 8-wh.) Cars .
Passenger Train Miles. .
Freight Train Miles
Passengers Carried
Freight Tons
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous Earnings.
Joint Earnings
Gross Earnings
Operating Expenses
Net Earnings
2,609,594
1,351.736
2,973,089
1,508,802
3,317,912
1,698,850
3,353,363
1,706,880
3,349,425
1,828,044
2,786,991
1,800,636
2,589,309
1,609,405
2.885,285
1,716,406
1,257,858
365,684
786,937
74,165
10,000
1,236,786
-t- 21,072
11,546 88
5,981 01
5,565 87
51.79 p. c.
2.64 c.
1.14 c.
$
11,244,250
5,018,344
| 366,727
796,725
1,464,287
359,962
78t>,946
79,356
10,000
1,236,264
+ 228,023
13,213 73
6,705 79
6,507 94
50.75 p. C.
2.62 C.
1.23 c.
$
11,244,336
5,064,344
I 222,448
1 147,401
491,940
1,619,062
365,323
786,952
&5,763
10,COO
1,248,038
+ 371,024
14,681 03
7,517 04
7,163 99
51. 20 p. c.
2.48 c.
1.12c.
$
11,244.336
5,264.344
226,623
148,107
582,404
1,646,483
374.567
786.964
93.175
lOiO 0
1,264.706
+ 381,777
14,837 89
7,552 57
7,285 32
50.90 p. c.
2.49 c.
1.11 C.
$
11,846,114
5,399.344
218,422
18,810
656,667
1,521,381
380,558
786,965
101,921
10.000
1,279:444
+ 241.937
14,953 22
8,160 91
6,792 31
54.58 p. C.
2.46 c.
1.05 c.
$
11,246,564
5,225,344
2115,066
32,173
717,068
986,355
394,947
786.966
110,842
10,000
1,302,755
- 316,400
12,497 71
8.074 60
4,423 11
64.61 p. C.
2.42 c.
0.93 c.
S
11,246,757
5,321,344
221,066
20,857
885,002
979,904
405,115
786,967
119,s04
10,000
1,321, 8> 6
-341,982
11,559 41
7.184 84
4.374 57
62.16 p. C.
2.44 c.
0.83 C.
8
11.246,971
5,352.344
325,373
23.377
1,040,799
1,168.829
404,239
786,968
129,105
10.000
1,330,312
- 161,483
ivi.ssi tit;
7.663 21
5,218 45
59.49 p. c.
2.40 c.
0.80 c.
8
11,246,971
5,370.344
330,239
24,670
1,169,162
Rental Interest
Dividends
Sinking Fund..
Organization...
Total Payments
Gross Earnings p. Mile.
Gross Expenses p. Mile .
Net Earnings p. Mile. . .
Expenses to Earnings . .
Av. Rate p. Pass, per M.
Av. Rate p. Ton per M..
Capital Stock
Funded Debt
Coupons & Div.". Due..
Income Balance
Total Liabilities....
Railn >ad
17,486,046
j- 16,615,872
117,316
261,210
83,700
407,948
17,170,470
16,225,819
82,500
261,211
222,867
378,074
17,465,814
16,449,744
82,500
261,211
222,367
449,992
17,539,357
16,878,872
17,437,215
16,879,322
17,695,026
17,125,400
17,988,864
17,276,270
18,141,395
17,375,268
Equipment
Stocks and Bonds
Materials, etc
261,210
2,417
396,858
261.210
7,417
289,266
261,211
7,417
300,998
261.211
7 425
443^958
261.211
7.417
497,499
Cash Assets
Cash and Sinking Funds
Total Assets
17,486,046
17,170,470
17,465,814
17,539,357
17,437,215
17,695,026
17,988,864
18,141,395
NOTE.— Operating expenses In the nbove table include in each year $85,000 paid as rental for the use of the
tracks of the Pittsburgh, Fort Wayne & Chicago Ry. Interest payments include the amounts paid yearly to the
same company for maintenance of tracks and interest. The earnings and expenses per mile are calculated on the
gross earnings and expenses given in the table.
Annual meeting, first Wednesday in January ; books close thirty days prior thereto.
Dividends are paid quarterly, on the 1st days of March, June, September, and December, at
the office of registrar of stock and trustees of bonds, the Farmers' Loan and Trust Company,
New York, and also at Cleveland, O., the books closing about the 10th of the preceding
months. Total number of dividends paid to date, 92. Voting power attaches to stock after
30 days' ownership. Stock and bonds listed on New York Stock Exchange.
Directors (elected January 5, 1887).— J. N. McCullough, B. F. Jones, Pittsburgh, Pa. ;
POOR'S MANUAL OP EAILBOADS. 425
Geo. B. Roberta, William Bucknell, Philadelphia, Pa. ; Charles Lanier, Wm. C. Egleston,
New York, N. Y. ; E. A. Ferguson, Cincinnati, O. ; J. V. Painter, E. R. Perkins, R. P. Ran-
ney, R. F. Smith, Cleveland, 0. ; W. W. Holloway, Bridgeport, O.
J. N. McCrjLLOTJGir, President Pittsburgh, Pa.
George A. Ingersoll, Secretary and Treasurer Cleveland, O.
PRINCIPAL OFFICE AND ADDRESS Cleveland, 0.
Fiscal Agency and Transfer Office Farmers' Loan and Trust Co., N. Y. City.
CLEVELAND, AKRON AND COLUMBUS RAILWAY COMPANY.
Line of Road.— Hudson, 0., to Columbus, 0 144.40 miles.
Sidings, etc., 23.25 miles. Gauge, 4 ft. 9 in. Rail (steel, 102 miles), 56 Iba.
History.— Chartered May 17, 1851, as the Akron Branch of the Cleveland and Pittsburgh
RR. ; road opened to Millersburg, 61 miles, March 17, 1853, about which time the company
was reorganized as the Cleveland, Zanesville and Cincinnati RR. Co. Placed in the hands of
a receiver August 27, 1861, and sold under foreclosure November 3, 1864, to the P., Ft. "W. &
C. RR. Co., which company leased it July 1, 1869, to the Pennsylvania RR. Co. On November
4, 1869, the Pittsburgh, Mt. Vernon, Columbus and New London RR. Co. (operating 65 miles)
purchased the road, the present name being taken December 20, 1869, on the consolidation of
the two companies. The road as now operated was opened September, 1873. Default having
been made in the payment of interest, proceedings in foreclosure under the first mortgage
were begun September 27, 1880. On December 1, 1881, the road was sold under a decree of
foreclosure, and was operated until April 23, 1882, by the Cleveland, Akron and Columbus
RR. Co., which was formed by the purchasers at that sale. Subsequently this eale was set
aside, and a receiver was appointed April 24, 1882. On the 9th of June, 1882, the road was
again sold and repurchased by the parties who had formed the Cleveland, Akron and Colum-
bus RR. Co., by whom the reorganization referred to in the MANUAL for 1885 was completed
and the existing company organized January 1, 1886. A branch from Kilbuck to Dresden, 34
miles, is under construction, to be completed April, 1888.
Rolling Stock, December 31, 1886. — Locomotive engines, 24. Cars — passenger, 20 ;
baggage, mail and express, 3 ; freight (box, 108 ; platform, 108 ; stock, 49 ; coal, 457 ; ca-
boose, 7), 729 ; service cars, 53 — total cars, 805.
Operations for year ending December 31, 1886. — Train mileage — passenger, 397,344 ;
freight, 203,774-^total, 601,118 miles. Passengers carried, 365,622 ; carried one mile, 9,502,-
251 ; average mile rate, 2.18 cents. Tons freight moved, 419,811 ; moved one mile, 26,736,261 :
average ton-mile rate, 1.03 cents.
Earnings.— Passenger. . . $207,073 00
Freight 274,704 06
Mail. 11,417 48
Express 22,059 88
Miscellaneous . 27,660 83
Total ($3,759.80 per mile). $542,915 25 Total ($2,855.84 per mile) $412,383 25
Net earnings (24.04 per cent.), $130,532. Payments : Interest on bonds, $36,000 ; rentals,
$19,561.25 ; dividends. $60,000 ; right of way, $1,267— total, $116,828.25. Balance, surplus,
$13,703.75.
General Balance Sheet, December 31, 1886.
Expenses.— Transportation $127,569 02
Motive Power 125,850 11
Maintenance of Cars 37,242 45
Maintenance Way and Buildings 86,657 11
General 35,064 56
Cost of Road $4,600,000 00
Materials and Fuel on Hand 29,412 78
Other Property and Assets 9,185 94
Bills Receivable 50,000 00
Current Accounts 38,396 46
Cash on Hand... 9,50474
Total Assets $4,736,499 92
Capital Stock (par, $100) $4,000,000 00
Funded Debt Outstanding 600,000 00
Bills Payable 54,960 79
Current Accounts 7.835 38
Dividends 60,00000
Profit and Loss ... 18,703 75
Total Liabilities .' $4,736,499 93
Present funded debt consists of first mortgage 6 per cent., $500 and $1,000 coupon 40-year
bonds, due 1926, interest payable January and July at New York City, of which $600,000
have been issued.
At the annual meeting March 17, 1887, an issue of $1,800,000 general mortgage 5 per
426
POOB S MANUAL OF KATLROADS.
cent, bonds was authorized, of which only $1,300,000 are to be issued at present, the proceeds
applied to retiring the first mortgage bonds above mentioned, and to the construction of the
Killbuck-Dresden Branch ; the balance to be applied to equipping the branch when com-
pleted, or to be held for other purposes.
Statement of earnings, expenses, etc., for eight years :
1879
1880
1881
• 1882
1883
1884
1885
1886
Gross Earnings
$'
404,026
$
429,597
$
429,273
$
526,117
$
523.982
$
479,280
$
477,322
$
542.915
Operating Expenses
376,964
350,329
372,453
400,039
406,663
398,421
405,889
412,383
Net Earnings
27,062
79,068
56,820
126,078
117,319
80,859
71.433
130.532
Eental of M. & C. RR
20.000
20.000
Balance of Interest, etc. . . .
Gross Earnings per Mile. . .
Operating Expenses p. Mile
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile. .
Aver. Rate p. Ton p. Mile. . .
7,062
2,580 91
2,408 64
172 87
90.30 p. c.
2.65 c.
1.68 c.
59,068
2,744 33
2,237 95
506 38
71. 59 p. c.
2.59 c.
1.61 C.
56.820
2,980 23
2.585 75
394 48
86. 77 p. c.
2.52 c.
1.67 c.
126,078
3,657 47
2,780 95
876 52
76. 03 p. c.
2.50 e.
1.54 c.
117,319
3,642 56
2,827 00
815 56
79.52 p. c.
2.49 c.
1.33 c.
80.&59
3,331 80
2,769 70
562 10
81. 42 p. c.
2.47 c.
1.20 c.
71,433
3,420 29
2,810 86
609 43
82. 18 p. C.
2.65 c.
1.08 C.
130.532
3,759 80
2,855 84
903 96
75.96 p. c.
2.18 c.
1.03 C.
Annual meeting third Thursday of March ; books close ten days prior thereto. Books
close 10 days prior to payment of dividends. Trustees of bonds, H. W. Smithers, London,
Eng., and J. A. Horsey, New York, N. Y. Stock listed on Amsterdam Stock Exchange.
Directors (elected March 17, 1887). — N. Monsarrat, Akron, O. ; J. A. Horsey, New York,
N. Y. ; J. M. Adams, Cleveland, O. ; Ex. Norton, New York, N. Y. ; L. A. Russell, Cleve-
land, O. ; C. W. Schaap, Akron, 0. ; CJ. D. Walker, Cleveland, 0.
N. MONSARRAT, President and General Manager Akron, O.
J. A. Horsey, Vice-President New York, N. Y.
Secretary <fe Transfer Agt.—G. D. Walker. .Cleveland, O. | Treasurer and Auditor— C. W. Schaap Akron, O.
PRINCIPAL OFFICE AND ADDRESS Akron, 0.
Transfer Office Cleveland, O.
CLEVELAND, COLUMBUS, CINCINNATI AND INDIANAPOLIS RAILWAY
COMPANY.
Main Line of Road. — Columbus Division : Cleveland, 0., to Columbus, 0. .138.00 miles.
Cincinnati Division : Delaware to Springfield, 0 50.00
Indianapolis Division : Gallon to Indianapolis 203.15 — 253.15 miles.
( Cincinnati and Springfield Ry.: Cincinnati to Springfield 80.50 miles.
Leased : -| Mount Gilead Short Line EH.: Mount Gilead to Levering 2.00 miles.
(Indianapolis and St. Louis Ry. and Leased Line 265.00 miles.
Total length of line operated (owned, 391.15 miles) 738.65 miles.
2d track, 20.03 ; sidings, 164.20 miles. Gauge, 4 ft. 8£ in. Rail (steel), 65 Ibs.
The Cincinnati and Springfield Ry. was leased January 24, 1871, and the Mount Gilead
Short Line RR. April 13, 1880. On July 28, 1882, the interest of the Pennsylvania Company
in the Indianapolis and St. Louis RR. and its leased line, the St. Louis, Alton and Terre
Haute RR., was acquired by this company, and a modified lease of the St. Louis, Alton and
Terre Haute to the Indianapolis and St. Louis agreed upon, by the terms of which this
company becomes joint lessee with the latter company and jointly liable for the rent to be
paid— $450,000 a year and 20 per cent, of any excess of gross earnings over $1,750,000.
History. — A consolidation, April, 1868, of the Cleveland, Columbus and Cincinnati and
the Bellefontaine RR. Cos. The former was chartered March 14, 1836, to build a railroad
from Cleveland by way of Columbus to Cincinnati, the charter making it obligatory to begin
work within three years and to complete the construction within ten years. Through the
non-fulfillment of this stipulation the charter lapsed. An act of revival was passed March
12, 1845, and under it the road was built from Cleveland to Columbus, 135.39 miles, the
original charter having been modified so as to call only for the construction of the road to
POOR'S MANUAL— CLEVELAND, COLUMBUS, CINCINNATI 4 INDIANAPOLIS BY. CO. 427
the latter point. The line was opened February 18, 1851. The " Delaware curves." con-
necting the main line with the Springfield, Mt. Vernon and Pittsburgh RR., were cons-tructed
in 1853. The Springfield, Mt. Vernon and Pittsburgh RR., from Delaware to Springfield,
was purchased in January, 1862. The company which built that road was chartered March
21, 1850, as the Springfield and Mansfield RR. Co., to build a road from Springfield to Lake-
vine, O., 112 miles. Charter amended in 1851, changing name to Springfield, Mt. Vernon
and Pittsburgh RR. Co. Construction was begun on the line from Springfield to Delaware
in 1852, but was delayed on the section east of Delaware till the following year. Road
opened between Springfield and Delaware, March 29. 1854. In the summer of 18CO the com-
pany becoming embarrassed, a receiver was appointed who operated the completed portion
of the road till January, 1861, when it was sold under foreclosure and purchased bj the first
mortgage bondholders. On the 8th of January, 1862, it was sold to the C., C. & C. RR. Co.,
and incorporated into that company's line as its Cincinnati Division. The uncompleted
portion of the road was sold to other parties, and was bought in 1869 by the Pittsburgh, Mt.
Vernon, Columbus and London (now the Cleveland, Mt. Vernon and Delaware) Railroad Com-
pany.
The Bellefontaine RR. Co. was a consolidation September 1, 18G4, of the Bellefontaine
and Indiana and the Indianapolis, Cleveland and Pittsburgh RR. Cos., loth chartered in
February, 1848, the former in Ohio to build a railroad from Marion by way of Bellefontaine
and Sidney to the Indiana Line, and the latter in Indiana under the title of the Indianapolis
and Bellefontaine RR. Co., to build from Indianapolis eastward to a connection with the
Ohio road at the State Line. Work was carried on under the respective charters and a
through Jine completed between Gallon, 0., and Indianapolis, Ind. The mime of the Indian-
apolis and Bellefontaine was changed to Indianapolis, Cleveland and Pittsburgh in December,
1854, and that road was operated independently till 1856. From then till the consolidation
in 1864, both lines were operated as one, under the management of a committee appointed
from both boards.
Holders of C., C. & C. stock received 120 per cent, of consolidated stock, and the Belle-
fontaine stock was exchanged at par.
Rolling1 Stock. — Locomotive engines, 161. Cars — passenger, 85 ; baggage, mail and ex-
press, 24 ; caboose, 61 ; freight (box, 2,538 ; stock, 538 ; platform, 523 ; coal, 1,257), 4,856—
total, 5,026. Also 1 pay, 1 directors', and 22 service cars.
Operations for year ending December 31, 1886. — See tabulated statement below.
Expenses.— Maintenance Way, Bldsri?., etc. §549,064 88
Motive Power and Cars 410,771 17
Transportation, otc 1,456,189 66
Miscellaneous ? 288,334 89
Earnings.— Passenger $849.168 54
Freight 2,877,157 09
Mail 106,069 16
Expresss 87,495 93
Total ($10,022.99 per mile) $3,920,490 72 Total ($6,901 .09 per mile) $2,699,360 60
Net earnings (:';!. 15 per cent.), $1,221,130.12. Other receipts : Rents, $58,571.84; interest
and dividends, $205,054.92 — total available revenue, $1,484,756.88. Payments : Interest on
bonds, $702,810; interest and exchange, $2,133.25— total, $704,943.25, leaving surplus net
revenue for year, $779,813.63. Add balance account gale general consolidated mortgage bonds
in 1885, $72.50 ; sale right of way to city of Cleveland, $45,000 ; surplus from last year,
$3,594,454.86— total, $4,419,340.99. Deduct settlement of cotton claims, $16,849.83 ; dona-
tion, Columbus Fair Grounds, $2,000. Balance, surplus, December 31, 1886, $4,400,491.16.
The following statement shows the result of operations of all lines in 1886 :
RR.
Work'd
Gross
Earnings.
Operating
Expenses.
Net
Earnings.
Other
Receipts.
Total
Available
Revenue.
Total
Payments.
Balance
( + or - )
C.,C.,C.&I.Ry.
Ind. & St. L. Ry.
Cin. & 8. Ry....
Totals
Miles.
391.15
265.00
80.50
$
3,920,490 72
1,836,45770
1,I80'888 96
$
2,fi99,360 60
1,431,981 87
833,680 91
$
1,221,13012
404.475 83
296,643 05
$
203,026 70
40,03G 98
$ .
1,484,756 88
444,512 81
296,643 05
$
70O4325
70'.l.511 SO
306,212 62
+ 779,813 63
- 324.909 05
- 69,56957
736.65
6,887,272 38
4,965,023 38
1,932,249 00
303,663 74
2,225,912 74
1,810,007 ;:i
•f 385,245 01
The returns of the Mount Gilead Short Line are not included above.
428 POOR'S MANUAL — CLEVELAND, COLUMBUS, CINCINNATI & INDIANAPOLIS BY. co.
Statement of operations, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned
391.20
530.87
503.04
146
67
24
4.305
1,023,101
3,451,877
858,791
40,363,417
2,441,643
420,482,919
8
4,338,108
3.094,814
391.15
539.75
516.07
150
67
24
5.037
1,000,936
2,512,385
899,330
41,689,179
2,880,923
480,723,710
$
4,290,351
3,079,858
391.15
545.41
533. 73
154
81
27
5,326
1,035,899
2,185.172
1,035.764
44,759,982
2,755,867
447,411,484
$
4,338.475
3,085054
391.15
553.02
553.02
168
92
26
5,259
1,106.726
1,873.212
976,468
43,548,617
2,527,993
408,436,350
$
4,213,107
3,143,527
391.15
556.46
55U.46
166
' 93
24
5.139
1,188,323
1,943,226
938,647
42.176,610
2,347.192
397,678,278
$
3,000,346
2,875.853
391.15
561.38
561.98
160
86
24
5.001
I,ii71. 3:5
2,019,519
HiO,(i07
38,145.360
5.513.71-0
428.691,881
' $
3.456,407
2,812,183
391.15
575.38
575.38
161
86
24
4,856
1,254.651
1.944.'.'.r>9
956,591
89.496,055
2,644,021
423,545,587
s
3,920,491
2,699,361
Miles of Track Owned
Miles of Steel Rail Owned
Locomotive Engines
Passenger Cars!
Baggage, Mail, etc., Cars
Freight Cars -
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Miles
Freisrht (tons) Moved
Freight (ton) Miles
Gross Earnings ....
Expenses and Taxes
Net Earnings
1,243,204
102,406
1,210.493
86,271
1,253,421
103,125
1,069,580
129,497
724,493
211,396
644,224
213,032
1,221,130
263,627
Other Receipts
Available Revenue...
1,345.700
440,492
749 540
1,296,764
475,218
1,356,546
504,914
299,984
551,648
11.091 59
7,887 14
3,204 45
71.11 p. c.
2.24c.
0.71 c.
|
14,991,000
6,365,000
400,000
483,963
1,199,077
534,343
935.889
642,672
857,256
739,281
1,484,757
704,943
Interest.Paid
Dividends
Balance Surplus
155,668
11,08923
7,911 08
3,178 15
72.57 p. c.
2.14c.
0.79 c.
$
14.991,800
6,270,000
600,000
445,078
749,540
21,700
1,058,544
821,546
10,968 56
7,873 86
3,094 70
71.79 p. c.
2.16c.
0.67c.
$
14,991,700
6,408.000
250,000
512,674
6C4.734
10,771 07
8,036 63
2,734 44
74.61 p. c.
2.22c.
0.75c.
8
14,991,600
7,295,000
745,000
532,590
293,217
9,204 51
7,352 30
1,852 21
79.88 p. C.
2.13c.
0.63c.
$
14.991,600
8,816,000
631,000
539,450
20,929
166,030
3,626,682
117,975
8,836 53
7.189 53
1,64700
77.93 p. c.
2.09c.
0.58C.
$
14,991,COO
10,517,000
779,814
10,022 99
6.901 09
3,121 90
68.85 p. c.
2.15c.
0.68 c.
8
14.991,600
10,493,000
Gross Earnings per Mile
Expenses and Taxes per Alile
Nut Earnings per Mile
Expenses to Earnings
Average Rate per Passenger per Mile
Average Rate per Ton per Mile
Capital Stock
Funded Debt
Bills Payable....
Bills Audited
434,227
2,788
192,180
3,594,455
600,055
1,155
197,135
4,400,491
Dividends
Interest and Sundry Items
117,490
1,912,062
140,077
2,851,984
143,344
3,382,160
Surplus
Total Liabilities
24,136,502
18,174,435
221,237
3,940,770
3fi,034
232.935
515,756
1,004,595
24,191,886
18,493,092
190,522
4,066,267
30,654
263,158
958,809
89,384
25,232.624 27,089,694
18,808,794 19,191.504
183,058 232,305
3,803,350 4,066.579
30,554 32.S59
1,191,132 1,337,073
1,008,837 1,998,585
206,899 230,789
28,791,691
19,450,392
182,421
5,358,821
40,902
682,809
2,839,086
237,200
29,732,250
19,627,586
219,083
5,565,122
41,417
562,455
3,368,585
348,052
30,683,436
19,815,955
172,406
5,657,646
41,417
730.124
3,708,585
557,303
Construction and Equipment
Materials
Stock Bonds and Advances...
Real Estate, etc ...
Current Dues, etc
Bills Receivable, etc
Cash on Hand
Total Property and Assets
24,136,563
24,191,886
25,232,624
27,089,694
28,791,691
29,732,250
30,683,436
Construction and Additions ............. $19,815,954 48
Materials on Hand ....................... 172,406 11
I. & St. L. RR. Stock, Bonds & Advances 2,091,661 97
C. & S. Ry. Bonds and Advances ......... 3,380,315 45
Other Stocks, Bonds and Assets .......... 3,935,670 91
Accounts Receivable .................... 300,736 05
Due from Agents, Companies, etc ........ 413,203 70
And., Leb. & St. L. RR. Receiver's Certs. 16,184 48
Cash with Treasurer ..................... 557,30277
Total Assets .......................... $30,683,435 92
General Balance SJieet, December 31, 1886.
Capital Stock ($15,000,000) $14,991,600 00
B. & I. RR. 1st M. Bonds $281,000
C., C., C. & I. Ry. (8. F.) Bonds. 3,000,000
C., Cr, C. & I. Ry. 1st M. Cons. . 4,007,000
C., C., C. & I. G. Cons. Mtg. ... 3,205,000— 10,493.000 00
Bills Audited 600,055 26
Unpaid Dividends 1,154 50
Interest Accrued 197,135 00
Income Account 4,400,49116
Total Liabilities ...................... $30,683,435 92
"I. & St. L. RR. stock, bonds and advances": Stock, $300,COO ; 2d mortgage bonds,
$458,750 ; equipment bonds, $218,000 ; railroad and receiver advances, $1,114,911.97.
" C. & S. Ry. bonds and advances " : 2d mortgage bonds, $526,000 ; advances by C., C.,
C. & I. Ry. Co., $2,854,315.45.
"Other stocks, bonds and assets" : Central Union Depot and Railway Company, Cincin-
nati, common stock, cost $37,500; Dayton and Union Railroad stock, cost $5,012.50 ; Dayton
and Union Railroad bonds, cost $63,200 ; Merchants' Despatch Transportation Company
stock, cost, $40,100; Union Depot Company, Columbus, stock, cost, $37,298.75 ; Gallon Stock
Yards' Company stock, cost $2,557.50; Pendleton Stone Quarry, cost $4,480.11 ; real estate
POOR'S MANUAL OF RAILROADS.
429
and wood lands, cost $22,336.93 ; Indianapolis Union Railway, real estate, cost $14,600 ; notes
of Indianapolis and St. Louis Eailroad Company, $998,585.12 ; notes of Indianapolis and
St. Louis Railway Company, $2,710,000. There have been fifiy-two cash dividends paid,
aggregating 138i per cent., the first January 15, 1852, and the last February 1, 1883. There
were also four stock dividends aggregating 34 per cent. For particulars, see MANUAL for
1886, page 553.
The funded debt ($10,493,000) consisted December 81, 1886, of—
Description of Bonds.
Property Mortgaged.
Date of—
Interest.
Amount
Out.
Annual
Charge.
Railroad.
Miles.
Issue.
Maturity.
Rate.
When Payable.
1st mtge. B. &I. RR...
l8tm.C.,C.,C. &I.S.F.
1st conso). mtge
Galion to Indi'polis
Whole line
203
891
391
391
1864
1869
1874
1884
1875 to 1899
May 1, 1899
June 1, 1914
Jan. 1, 1934
7
7
7g
eg
Jan. and July
May and Nov.
June and Dec.
Jan. und July
I
281,000
8,(KX),000
4,007,000
3,205,000
19,670
210,000
2*0,490
192,300
Whole line....
General consol. mtge. . .
Whole line
Total annual interest charge, $702,460. Interest paid by United States Trust Co., New
York. The first consolidated mortgage bonds are payable in New York at $1,000 each, or in
London at £200 each, at option of company ; coupons at $35 or £6. Of the original issue,
$7,500,000, a sufficient amount were deposited with the United States Trust Co. to retire prior
lien bonds. These bonds are additionally secured by a sinking fund of 1 per cent, yearly.
The general consolidated mortgage bonds are secured on this company's railroad and
upon its terminal facilities and real estate in Indianapolis, Cincinnati and Cleveland, as
well as its interest in the leases, franchises and stock of the Cincinnati and Springfield and
Indianapolis and St.' Louis RRs. Total authorized issue, $12,000,000, of which $7,500,000
are to remain unissued until required to retire prior lieu mortgages. Trustee, United States
Trust Co., of New York. Bonds of all classes are $1,000 each, and coupon with, provision for
registration of principal.
Stock and bonds listed on New York Stock Exchange. Annual meeting, first Wednesday
in March, at Cleveland, 0. Books close for annual meeting about 10 days prior thereto ; for
dividends, about 10 days prior to payment of same.
MOUNT GILEAD SHORT LINE RAILROAD.— Mt. Gilead, O., to Edison, O., 2.155 miles.
Sidings, 0.125 mile. Gauge, 4 ft. 8 in. Rail, 48 Ibs. Built by trustees appointed under ac.t of the Legislature of
Ohio, April 16, 1879, authorizing the incorporated village of Mt. Gilead to issue bonds to the amount of $24,000,
running fifteen years, and redeemable after three years. Said bonds were issued bearing interest at 6 per cent,
per annum, payable semi-annually and secured by the pledge of faith of, and a tax to be levied annually upon, the
real and personal property of said village, until principal and interest, is all paid. Road opened May 3, 188). The
C., C., C. & I. RR. Co. operates the rond, furnishes rolling stock, and keeps up all repairs and expenses, and
Beebe, L. B. Vorhiss, M. B. Talmage, R. B. Levering, Mt. Gilead, O.
Board of Directors C., C., C. & L EM. Co., elected March 2, 1887.
C. Vanderbilt New York.
W. K. Vanderbilt New York.
H. McK. Twombly New York.
Chauncey M. Depew New York.
James Bnrnett Cleveland.
T. P. Handy Cleveland.
Amos Townsend Cleveland.
G. H. Russell Cleveland.
A. G. Dulman New York.
W. Bayard Cutting New York.
J. D. Layng. New York.
„ Stevenson Burke Cleveland.
B. S. Brown Columbus, O.
J. D. LAYNG, President New York, N. Y.
Gen Manager— G. M. Beach . . . . .Cleveland, O. | Secretary and Treas.— George H. Russell. Cleveland, O.
Attdi/or-P. A. Hewitt Cleveland, O.
PRINCIPAL OFFICE AND ADDEESS Cleveland, 0.
Transfer Agent and Registrar of Stock United States Trust Co., New York City.
CLEVELAND, LORAIN AND WHEELING RAILROAD COMPANY.
Line of Road.— Lorain, 0., to West Wheeling, 0 157.5 miles.
Sidings, etc., 38.85 miles. Gauge, 4ft, 8£ in. Rail (steel, 152 miles), 56 and 60 Ibs.
History. Originally organized July 2, 1870, under name of Lake Shore and Tuscarawas
Valley Ry. Co., and road opened to Uhrichsville, 101 miles, August 18, 1873. Placed in hands
430
POOR'S MANUAL— CLEVELAND, LORATN AND WHEELING EB. CO.
of receiver July 16, 1874, sold under foreclosure January 26, 1875, and reorganized as Cleve-
land, Tuscarawas Valley and Wheeling Ry., February 1, 1875. The Elyria and Black River
Ry., from Elyria, 0., to Black River Harbor, 8 miles, was purchased and merged October 31,
1872, and the mortgage bonds, amounting to $180,000, assumed. The road was completed to
West Wheeling in 1880. Receiver appointed in February, 1882. Again sold under foreclos-
ure February 5, 1883, and reorganized under present title March 13, 1883. See MANUAL for
1884, page 545.
Rolling Stock, December 81, 1886. — Locomotive engines, 30. Cars — passenger, 19 ; bag-
gage, mail and express, 6; freight (box, 116; coal, 3,247; caboose, 9), 3,:J72 ; service cars,
4— total cars, 3,401.
Operations for year ending December 31, 1886. — Train mileage — passenger, 242,471 ;
freight, 465,172 ; other, 31,896— total, 739,539 miles. Passengers carried, 323,184; carried
one mile, 5,902,509; average mile rate, 1.91 cents. Tons freight moved, 1,089,773; moved
one mile, 94,943,738; average ton-mile rate, 0.72 cent.
Earnings.— Passenger $112,501 59
Freight 682,189 08
Mail 12,323 72
Express 5,598 52
Miscellaneous 1,773 86
Expenses.— Transportation $192,712 13
Motive Power 131,212 56
. Maintenance of Care 47,822 15
Maintenance Way and Buildings 124,432 94
General 60,774 47
Total ($5,170.71 per mile) $814,386 77 Total ($3,536.22 per mile) $556,954 25
Net earnings (31.61 per cent.), $257,432.52. Paid interest on bonds, 49,000 ; dividends
on stock (paid May 12, 1886), $213,015— total, $262,015. Balance, deficit for year, $4,582.48,
deducted from surplus at close of 1885, $437,467.69, leaves surplus $432,885.21 at close of
1886.
General Balance SJieet, December 31, 1886.
Cost of Road $6,300,000 00
Cost of Rolling Stock, Construction 369,161 74
Materials and Fuel on Hand. . . 33,217 05
Bills Receivable...
Current Accounts.
Cash on Hand. ..
30,082 89
96,702 97
36,981 07
Common Stock Paid in $1,000.000 00
Preferred Stock Paid in 4,600,000 00
Funded Debt Outstanding 700,000 00
Bills Payable 80,000 00
Current Accounts , 53,26051
Profit and Loss 432,885 21
Total Assets $6,866,145 72 Total Liabilities $6,866,145 72
Funded debt consists of $700,000 C., T. V. & W. R. 1st mortgage 7 per cent. 20-year
coupon $1,000 bonds, due October 1, 1898, interest April and October at Union Trust Co.,
New York.
Statement of operations, earnings, etc. , for eight years ending December 31 :
1879
1880
1881
1882
1883*
1884
1885
1886
Miles of Line
101.14
157.50
157.50
157.50
157.50
157.50
157.50
157.50
Train Miles
406,990
673,174
871,015
927,662
925,143
904,137
894,998
739,539
Passengers Carried
133,617
194,207
255,806
281,226
249,942
276,519
258,159
323,184
Freight (tons) Moved
590,835
635,548
986,910
992,168
988,510
930,231
926,902
1,089,773
Gross Earnings
$
474,525
$
596,398
$
919,485
$
922,639
s
938,461
$
859,091
$
755,448
$
814,386
Operating Expenses
309,043
382,095
569,622
606,404
572,175
603,171
543,337
556,954
Net Earnings
165 482
214 303
349863
316,235
366 286
254 920
212,111
257,432
Interest Paid
17 645
46 775
49000
49,000
49,000
49,000
49,000
49,000
Capital Stock
1,055,950
1 197 950
1,210,500
1,211,500
5600,000
5,600,000
5,COO,000
5,600,000
Funded Debt
4,056,000
4 252000
4,260,079
4,880,000
700,000
700,000
700,000
700,000
Accounts and Liabilities...
Profit and Loss, etc
295,024
1,163,802
1,307,856
1,074,273
60,853
317,287
36,596
274,357
34,272
437,467
133,260
432,885
Total Liabilities
5.406974
6 G13 812
6 778435
7,165,773
6 678 140
6 610,953
6,771,740
6,866,145
Cost of Road
4,644,671
6'o90'306
6 273 084
6,414,438
6 343,836
6.420,556
6,486,556
6,669.161
Materials, etc
37 370
11 914
13521
11,2'25
17 709
30 359
26,133
33.217
Accounts, Bills and Assets.
Cash on Hand
657,386
34,093
173,959
204,666
28 240
220,039
2,118
254,520
62,075
129.675
30,363
231,930
27,121
126,786
36,981
Profit and Loss
33,254
337 633
258924
517,953
Total Assets ....
5,406,974
6,613,812
6 778 435
7 165 773
6 678 140
6,610,953
6,771,740
6,866,145
* For the period from February 17 to December 31. For the whole year the gross earnings were $1,015,507.11;
operating expenses, $648,594.22 ; net earnings, $366,912.89.
POOR'S MANUAL OF RAILROADS. 431
Annual meeting, second Wednesday of May. Books close for annual meeting 10 days
prior thereto, and for dividends 10 days prior to payment of same. A dividend of six per
cent, on preferred stock was paid in 1884, and another of five per cent, in 1886.
Directors (elected May 12, 1886).— Selah Chamberlain, C. L. Cutter, W. S. Streator, Oscar
Townsend, Edwin R. Perkins, Cleveland, O.; Henry A. Kent, New York, N. Y.; John Newell,
Chicago, 111.
SELAH CHAMBERLAIN, President Cleveland, O.
Worthy S. Streator, Vice-President Clevevand, O.
Secretary and Treasurer— C. L. Cutter. . . Cleveland, O. | General Manager— Oscar Townsend Cleveland, O.
PRINCIPAL OFFICE AND ADDRESS Mercantile Bank Building, Cleveland, 0.
COLUMBUS AND EASTERN RAILROAD COMPANY.
Main Tino nf P/ind i June. C.,C.,C.& I., Columbus to Alum Creek Junc'n, O. 5 miles.
K4>ad>- \ Hadley Junction, 0., to Cannelville, O .44 miles.
Redfield Branch : Fultonham, O. , to Redfield, 0 8 miles.
Other Branches : Sealovers, 0.6 ; Hoovers, 1 ; B., C., C. & I. Mines. 1.4 ; Ballou, 2.. 5 miles.
Total length of main and branch lines «. 62 miles.
Sidings, etc., 5 miles. Gauge, 4 ft. 8£ in. Rail (steel, 67 miles), 56 Ibs.
Trackage. — In addition to the above the company uses 24 miles of the Toledo and Ohio
Central, from Alum Creek Junction to Hadley ; 5 miles of the Cincinnati and Muskingum
Valley, from Darlington to Zanesville ; and 1.10 miles of the Cleveland, Columbus, Cincin-
nati & Indianapolis, from Junction into Columbus ; making the total length of lines oper-
ated, 90.10 miles.
History. — Chartered February 20, 1882, and road opened January 10, 1887. The tracks
of the Toledo and Ohio Central, as above, are used jointly with that company, under a per-
petual lease.
Rolling Stock. — Locomotive engines, 8. Cars — passenger, 7; baggage, etc., 2 ; freight
(box, 5; platform, 25 ; coal, 456 ; caboose, 3), 489 ; other, 11 — total, 507, of which 4 passen-
ger, 2 baggage, etc., 25 platform, 456 coal and 3 caboose and 11 service cars were acquired
through car trust.
Operations, etc. — Not reported. Road opened for business January 10, 1887.
Financial Statement, December 31, 1886.— Capital stock, $402,000 ; funded debt, first
mortgage 6 per cent. 30-year bonds, due July 1, 1913, interest payable January and July,
$1,050,000 ; receiver's certificates, $758,000— total, $2,210,000. Annual meeting, fourth Mon-
day in May.
Directors (elected May 24, 1886).— J. E. Redfield, Essex, Ct. ; A. Converse, A. T. Wikoff,
John R. Hughes, J. A. Jeffreys, J. M. McCune, C. D. Firestone, Columbus, O.; R. W. Reyn-
olds, Delaware, O. ; D. D. Warren, Springfield, Mass.
F. J. PICABD, Receiver and General Manager Columbus, O.
J. M. McCuNE, President Columbus, O.
Vice-President— 3. E. Redfleld Essex, Ct. | Secretary— Wm. E. Guerin Columbus, O.
Auditor and Cashier for Receiver— C. A. Covert Columbus, O.
PRINCIPAL OFFICE AND ADDRESS Columbus, 0.
COLUMBUS, HOCKING VALLEY AND TOLEDO RAILWAY COMPANY.
Main Line of Road.— Toledo, O., to Pomeroy, O 256.00 miles.
Athens Branch : Logan to Athens 26.00
Straitsville Branch : Logan to Straitsville 13.00
Nelsonville Branch : Straitsville to Nelsonville 17.00
Orbiston Branch : M. C. Junction to Murray City 5.00
Other Branches... 8.00— 69.00 miles.
Total length of lines operated 825.00 miles.
2d track, 16.52 ; sidings, 90 miles. Gauge, 4 ft. 9 in. Rail (steel, 316 miles), 52 and 60 Ibs.
History.— Consolidation, August 20, 1881, of the Columbus and Hocking Valley RR. Co.
432 POOR'S MANUAL — COLUMBUS, HOCKING VALLEY AND TOLEDO RY. co.
(organized as Mineral RR. Co., April 14, 1864; C. & H. V. RR. Co., June 9.6, 1867; road
opened May 11, 1869), the Columbus and Toledo RR. Co. (chartered May 28, 1872 ; road
opened January 10, 1877), and the Ohio and West Virginia RR. Co. (organized as Gallipolis,
McArthur and Columbus RR. Co., March 3, 1870; changed to Columbus and Gallipolis RR.
Co., June 27, 1876 ; to Ohio and West Virginia RR. Co., May 22, 1878 ; road partially opened
October 16, 1880 ; entire line January 1, 1881). In 1881 the company purchased the entire
capital stock, $1,500,000, of the Hocking Coal and RR. Co., covering 10,000 acres of coal
lands, the price paid being $8,000,000. A stock dividend of 13^ per cent., being $1,379,-
831.87, was paid in 1885.
Rolling Stock. — Locomotive engines, 90. Cars — passenger, 32 ; baggage, mail, etc., 12;
freight (box, 525 ; stock, 60; platform, 240; coal, 6,388), 7,213— total, 7,257. Also, 47 ca-
boose and 3 service cars.
Operations for year ending December 31, 1886. — See tabulated statement below.
Expenses. — Transportation $772,567 58
Motive Power 79.;»>U '.to
Earnings.— Passenger $393,658 16
Freight 1,856,293 27
Mail 24.657 84
Express 2i;5S8 61
Miscellaneous 65.205 68
Maintenance of Cars
Maintenance of Way, etc
General and Taxes...
98,036 32
263,380 66
181.262 55
Total ($7,265.86 per mile) $2,361,403 56 Total ($4,293.03 per mile) $1,395,234 01
Statement of operations, capital account, etc., of the C. & H. V. RR. for two years, and
of the consolidated Co. for six years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
104.90
135.93
89.00
35
9
3
200
2,067
840,397
147,313
3,652,905
1,3(16,966
73,188,798
1,108,818
$
1,032,572
636,773
112.40
149.62
101.00
40
12
6
200
2,010
931,061
208,875
5,078,835
1,513,989
86,925,966
1,230,851
.8
1,183,963
769,193
322.50
411.50
278.00
76
34
11
755
4,745
27,197,598
614.298
16,134:712
2,3.39,123
246,591,021
1,514,221
$
2.516,894
1,329,137
324.00
423.00
300.00
90
82
12
825
6,388
35,370,201
667,551
17,495,682
2,602,232
252.S27'.715
1,812,833
8
2,886,437
1,752,734
324.00
433.00
324.00
90
32
12
825
5.660
37,157.382
621.307
17,028,307
2,414,246
266,202754
1,925,843
8
2,779,382
1,655,570
324
423
300
90
32
12
825
6.388
23,356,451
549,365
15,432,410
1,522,858
164,855,612
325.00
425.52
316.00
90
32
12
825
6,388
36,889.225
492,027
14,199,941
2,3t«,351
272330.530
l,7S8,7t>9
$
2,311,004
1,333,698
325. CO
425.52
316.00
90
32
12
825
6,388
37,100,141
540.569
16.012.435
2.:>72.920
290,344,653
1,756,557
8
2.361,404
1,395,234
Miles of Track
Miles of Steel Rails
Locomotive Engines
Baggage, Mail, etc., Cars. . .
Freight ( = 8-wh.) Cars
Coal (part 4-wh.) Cars
Car Miles
Freight (tons) moved
Freight (ton) Miles . . .
Gross Earnings
8
1,845.473
1,240,654
Expenses and Taxes
Net Earnings
395,799
175,001
2,658
(8) 162,412
414,770
175,000
2,016
(8) 168,268
1,190,657
620,887
12,650
1,133,703
866.060
27,507
1,123,812
886.060
35,?25
604,819
866,060
56,815
977,306
809,464
76,686
966.170
929,600
60,157
Interest on l)ebt
Dividends on Stock
Rental
23,337
+ 533,783
7,813 31
4,121 35
3,691 96
52. 75 p. C.
2.57 c.
0.81 c.
$
10,305,100
14,980,000
351,882
337,165
200,830
612,250
22.787
+ 216,465
8,910 30
5,409 67
3.50063
60. 72 p. C.
2.60 c.
0.8S c.
8
10.316,500
14,658,01)0
1.102,617
493.324
467,400
22,628
+ 199,399
8.823 00
5,3 500
3.568 <»
59.56 p. c.
2.54 c.
0.81 c.
$
10.316,500
14.65S.OOO
977,462
410,329
463,695
22,277
- 340,333
5,69590
3,829 18
1,866 72
67. 23 p. c.
2.53 c.
0.79 c.
s
10.316,500
14,658.000
892,682
896,122
487,00:2
22,902
+ 8,254
7,110 78
3,891 69
3,21909
54. 72 p. c.
2.52 c.
0.64 c.
11.696.300
14,741,000
812,104
756.799
672,398
22,581
- 46,168
7.265 86
4,293 03
2.972 (-3
59. 09 p. c.
2.40 c.
0.62 c.
$
11.696,300
Hi.lSO.lM.)
697,887
237,491
266,297
Balance ( + or — )
•f 55,729
9,834 01
6.0'i4 50
3,769 51
61. 67 p. C.
257c.
1.24 c.
8
2,030,150
2,530,000
+ 69,486
10,571 09
6,867 79
3,703 30
63.96 p. c.
2.44 c.
1.17 c.
$
2,400,000
2,500,000
Gross Earnings per Mile.. .
Gross Expenses per Mile. .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, p. Mile
Av. Rate per Ton per Mile..
Capital Stock
Funded Debt
Lease War. & Spec. C'r Tr..
Bills Payable and Notes . . .
Sundry Liabilities
58,67i
39,588
511,360
72,000
61,299
611.565
72,000
Contingent Account
Renewal Account
Profit and Loss
929,614
1,167,103
826,770
•
53,702
625
Total Liabilities
5,241,769
3,301,748
1,265,711
5,644,864
3,369,411
1,512,223
26,817,227
14,115,242
2.SI39.H08
336,562
804.932
253.500
8,009.920
272,941
84,523
27,967,455
13,772,487
3,187,840
1,102,617
1,459,306
27.993.089
13.853,213
3.370.950
927.899
1,469,834
28.077,076
14,481,760
4,296:793
28,732,303
14.513,501
3.719.431
584.287
1,465,879
29,078,100
14.546,832
3."i94.149
409,569
1,634,145
Railroad
Equipment
Car and Loco. Trusts
Real Estate, etc. ....
351,922
183,906
'65,686
67,802
362,258
218,500
114,554
67,918
885,438
Sinkinf Fund
Stocks and Bonds
8,'ob».{520
403,022
32,261
8,009,020
331,275
29,997
8,009,926
818,606
84,559
8,000.000
389,578
39,627
8,000,666
478,087
120,378
(Ju-li on Hand
Total Assets
5,241,679
5,644,864
26,817,227
27,967,455
27,993,089
28,077,076
28,732,303
29,078,100
POOR'S MANUAL — COLUMBUS, HOCKING VALLEY AND TOLEDO RY. CO. 433
Net earnings (40.91 per cent.), $966,169.55. Payments : Interest on funded debt, $929,-
600.15 ; on floating debt, $42,832.37 ; ou car trust, $17,325 ; on lease (Pennsylvania Co.),
$22,580.52— total, $1,012,338.04. Deficit from operations of the year, $46,168.49 ; surplus
from last year, $53,702.38; balance, surplus, $7,533.89; add credit item (see below), $ll,-
841.17— total, $19,375.06. Deduct— discount on bonds, $18,750. Surplus as per balance
sheet, $625.06. The $11,841.17 item credited during the year to profit and loss account
represents $4,166.67 interest on lease K. & 0. Ry., $7,320 premium on bonds, and $354.50
Pomeroy and Middleport donation.
General Balance Sheet, December 31, 1886.
Construction $14,546,832 45
Equipment 8,894,148 50
Real Estate, Docks, Right of Way, etc 1,448,371 28
Machinery and Tools 58,991 57
Stock Hocking C. & RR. Co., Cost 8,000,000 00
Car and Locomotive Trusts 409,569 30
Materials and Fuel 131,782 72
Bills Receivable 1,617 60
Current Accounts 471,409 59
Cash on Hand 120,377 59
Total Assets $29,078,100 55
Capital Stock $11.696,300 00
Funded Debt l(i,l."0,000 00
Bills Payable 144,428 08
Real Estate Notes 93,06313
Current Accounts 97,091 57
Lease Warrants and Special Car Trusts . . ,
Interest Accrued and Unpaid 169,205 83
Profit and Loss. . . 625 08
Total Liabilities $29,078,100 55
Funded debt consisted, December 31, 1886, of —
1st mtge. (C. & H. V. RR.) 7 per cent. 30-year $500 and $1,000 bond?, due Oct. 1, 1897, int. April and Oct. $1,401 ,000
2d mtge. (C. & H. V. RR.) 7 per cent. 20-year $1.000 bonds, due January, 1892, int. Jan. and July 777,000
1st mtge. (C. & Tol. RR.) 7 per cent. 30-year §1,000 bonds, due August 1, 1905, int. Feb. and Aug. ..... 2,500,000
2d mtge. (C. & Tol. RR.) 7 per cent. 20-year $1,000 bonds, due Sep. 1, 1900, int. March and September . . 540,000
1st mtge. (O. & W. Va. RR). 7 per cent. 30-year $1,000 bonds, due May 10, 1910, int. May and Nov 1,584,000
Con. mtge. (C., H. V. & T.), 5 per cent. 50-year $1,000 bonds, due Sept. 1, 1931, int. March and Sept. . . . 8,000,000
Gen. mtg. (C., H. V. & T., & H. C. & RR. Cos.; 6p. c. 20-yr. $1,000 gd. bds. of June, 1,1904, int. June & Dec 1,378,000
The consolidated mortgage bonds are secured by a first consolidated mortgage on the
entire railway property of the company and by a first and only mortgage on its coal lands
and all other property owned at the time of the issue or thereafter to be acquired, principal
and interest payable in gold, free of all taxes. The bonds are for $1,000 each, and are
coupon with provision for registration of principal. Authorized issue, $14,500,000; reserved
for retirement of an equal amount of prior liens, $6,500,000. Trustee : Central Trust Co.,
New York City.
The 6 per cent, gold bonds of 1904 were issued conjointly by the Columbus, Hocking Valley
and Toledo Ry. Co. and the Hocking Coal and Railroad Co., and are secured by a general
mortgage on the properties of both companies, principal and interest payable in gold at the
New York Agency. They are coupon bonds of $1,000 each. Trustee : Knickerbocker Trust
Co., New York City.
C. & T. 2ds are part registered bonds ; all others are coupon. Principal and interest of
all bonds payable at the office of Wiuslow, Lanier & Co., New York City. Annual meeting,
second Tuesday in January ; bookn close ten days prior thereto. Capital stock, consols and
general mortgage bonds listed on New York Stock Exchange.
Arrangements have been made between the Chicago and Atlantic, the Columbus, the
Hocking Valley and Toledo, the Kanawha and Ohio, and the Chesapeake and Ohio Railway
Companies, for a through line from Chicago to Newport News.
In reference to the item " Stock Hocking Coal and Railroad Co., $8,000,000," in above
balance sheet, the Board of Directors make the following statement :
"Among the assets appear stocks $8,000,000.
" We find no such stock?, except that it appears from the company's records, that at a meeting of the Board of
Directors, held August 14, 1882, a resolution was passed directing the purchase of all the stock, fifteen thousand
shares of the Hocking Coal and Railroad Company, said to ' cover and represent ten thousand acres of coal lands
in Hocking, Perry and Athens counties ' for $8,000,000 payable in the consolidated bonds of the company at par,
the title of the stock to be taken in the name of the president as trustee ; whereupon the president having re-
ported that he had so purchased, and paid for said stock, a resolution was passed that such purchase be ratified,
approved and confirmed.
" We find no certificate for such stock, and have been informed by Mr. Greene, the former president, that the
certificate has been lost.
"At the time of the meeting of August 14, 1882, it appears that the company had no consolidated bonds to
dispose of. The entire issue of these bonds, as provided by the resolutions of the stockholders and directors, and
by the mortgage was $14,500,000. Of these $6,500,000 weie to remain with the trustee, to be used only to provide
28
434 POOR'S MANUAL OF RAILROADS.
for the outstanding bonds of the three constituent companies. Of the remainder, $6. 41 1,000 were sold early in
November, 1881. and the balance were immediately turned over to S. Burke and others, directors of the company,
and were soon thereafter sold.
"Of the proceeds of these bonds, in money, not one penny, so far as discovered after careful investigation,
ever came into the treasury of the company."
Directors (elected January, 1887). — John W. Shaw, William M. Greene, Columbus, O.; D.
W. Caldwell, John Newell, Cleveland, O.; Charles Crocker, H. L. Terrell, New York, N. Y.;
Jay O. Moss, Sandusky, 0. •
JOHN W". SHAW, President Columbus, O.
Wm. M. Greene, Vice-President and General Manager Columbus, O.
Secretary— W. P. Shaw Columbus, O. | Treasurer— W. N. Cott Columbus, O.
Auditor— F. B. Everett Columbus, O.
PRINCIPAL OFFICE AND ADDRESS Columbus, 0.
Registrar of Transfers Third National Bank, New York City.
Financial and Transfer Agents Winslow, Lauier & Co., New York City.
CRAWFORD AND MANISTEE RAILROAD COMPANY.
Line of Road. — Manistee River, Mich., to Forest Terminal 10 miles.
Sidings, 3 miles. Gauge, 3 feet. Rail, 40 Ibs.
History.— Chartered September 28, 1885 ; road opened October 11, 1885.
Rolling: Stock.— Locomotive engine, 1. Cars— logging, 32 ; other, 1— total, 33.
Operations, from October 11, 1886, to December 31, 1886.— Train mileage (freight), 10,-
560 miles. Tons of freight moved, 39,950. Earnings, $10,575.97. Operating expenses, $7,-
252.46. Net earnings, $3,323.51.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $50,000 ; current
accounts, $660 ; profit and loss, $3,323.51— total, $53,983.51. Contra : Cost of road, $36,-
516.23; equipment, $11,618.18; materials, etc., $3,125.88; current accounts, $2,723.22—
total, $53,983.51.
Annual meeting, first Tuesday in December.
Directors. — Allen McKee, James Dempsey, William Wente, Manistee, Mich.; Antoine
E. Cartier, Ludington, Mich. ; L. T. Dempsey, Grayling, Mich.
ANTOINE E. CARTIER, President Ludington, Mich.
James Dempsey, Vice-President Manistee, Mich.
Secretary— William Wente Manistee, Mich. | Treos. & G. M.— Lawrence T. Dempsey . Grayling, Mich.
PRINCIPAL OFFICE AND ADDRESS Manistee, Mich.
DAYTON AND UNION RAILROAD COMPANY.
Main Line of Road.— Union City, Ind., to Dodson, 0 31 .69 miles.
Trackage : Dayton and Western Eli. : Dodson, O., to Dayton, 0 15.00 miles.
Total length of line operated 46. 69 miles.
Sidings, etc., 2.03 miles. Gauge, 4 ft. 8| in. Rail (steel, 19.25 miles), 56 and 60 Ibs.
History.— Chartered February 26, 1846, under the name of Greenville and Miami RR.
Co. ; road opened in June, 1852. Sold under foreclosure October 30, 1862, and reorganized
under present title January 19, 1863. The right of way over the Dayton and Western RR. is
leased from the P., C. & St. L. RR. Co. at an annual rental of $10,000.
Rolling Stock, October 31, 1886.— Locomotive engines, 3. Cars— passenger, 5 ; baggage,
mail and express, 1 ; freight (box, 61 ; platform, 4 ; stock, 1 ; coal, 5 ; caboose, 2), 73— total
cars, 79.
Operations for year ending October 31, 1886.— Train mileage— passenger, 75,188 ; freight,
57,059— total, 132,247 miles. Passengers carried, 131,693 ; carried one mile, 2,910,031 ; aver-
age mile rate, 2.33 cents. Tons freight moved, 178,3 Jl ; moved one mile, 6,571,046 ; average
ton-mile rate, 1.39 cent?.
POORS MANUAL OF RAILROADS.
435
Passenger $67,85712
Freight 91,61491
Mail 2,47004
Express 4,033 03
Expense'.— Transportation $44,577 68
Motive Power and Cars 10,890 98
Maintenance Way and Buildings. 83,037 81
General 6,466 67
Total ($3,554.83 per mile) $165,975 10 Total ($2,023.32 per mile) $94,469 04
Net earnings (43.08 per cent.), $71,506.06 ; add rents received, $265— total available
jvenue, $71,771.06. Payments : Interest on bonds, $26,070 ; rentals leased lines, $13,518.04;
new equipment fund, $12,000 ; taxes, $3,096.29 ; interest and exchange, $78.40— total, $54,-
762.73. Balance, surplus, $17,008.33 ; surplus from last year, $12,000.92— total surplus,
$29,009.25.
General Balance Sheet, October 31, 1886.
Cost of Road $623,063 02
Real Estate and Buildings 12 60
Materials and Fuel on Hand 1,175 56
Other Property and Assets 64,274 30
Capital Stock (par, $50) $86,300 00
Funded Debt Outstanding 398,000 00
BondScrip 1,800 00
Current Accounts 88,771 35
Bonds Redeemed 128,244 88
New Equipment Fund 12,000 00
Income Account 29,009 25
Total Assets $688,525 48 Total Liabilities $688,525 48
Funded debt consists of— $225,000 (authorized, $325,000) first mortgage sinking fund 7
per cent. 30-year coupon $1,000 bonds, dated December 1, 1879, interest payable June and
December ; $173,000 (authorized, $225,000) 6 per cent, income $1,000 bonds, dated December
1, 1879, due after 31 years, interest payable June and December, and $1,200 iucome bond
scrip.
Annual meeting, first Tuesday in January. Coupons payable at American Exchange
National Bank, New York.
Directors (elected January 4, 1887).— G. S. Russell, H. H. Poppleton, G. M. Beach, S.
Burke, Cleveland, 0. ; R. D. Marshall, Dayton, 0. ; P. H. Short, John Carlisle, C. C. Waite,
W. A. Proctor, Cincinnati, O.
C. C. WAITE, President Cincinnati, 0.
G. M. Beach, Vice-President and General Manager Cleveland, O.
Superintendent— W. F. Stark Dayton, O. | Secretary and Treasurer— G. S. Russell . . Cleveland, O.
Auditor— P. A. Hewitt Cleveland, O.
PRINCIPAL OFFICE AND ADDRESS Dayton, O.
Transfer Office Cleveland, O.
DETROIT, BAY CITY AND ALPENA RAILROAD COMPANY.
Main Line of Road. — Alger, Mich., to Alpena, Mich 103.00 miles.
Loon Lake Branch : Emery Junction to Thompson, Mich 22.25 miles.
Mud Lake Branch : Mud Lake Junction to Mud Lake, Mich 17.05 miles.
Other Branches : Arns, 1 ; Camp Two, 5 ; Louds, 4.5 ; Millens, 4 ; Gustin, 2.5 ;
Bush Lake, 4.5 21.50 miles.
Total length of main and branch lines owned 163.80 miles.
Sidings, 15.10 miles. Gauge, 4 ft. 8| in. Rail (all steel), 50 Ibs.
History.— Successor to the Tawas aud Bay County RR. Co., which built from Tawaa
City to Prescott, 21 miles, in 1878 ; from Prescott to Camp Three, 2 miles, in 1881, and ex-
tended the road 5 miles beyond Camp Three, besides building 8 miles of spurs, etc., in 1882.
The present company was chartered February 13, 1880, and the charter was amended April
2, 1883. At the close of the latter year it had extended the road to Alger, 6 miles, and from
Tawas City to Au Sable, 15 miles, besides building 2.74 miles of spurs. " From Au Sable to
junction with Black River RR. 18.78 miles, was opened December 27, 1885. The Black River
RR., from Junction to Black River, 15.25 miles, was built in 1886, and acquired by this com-
pany. The extension of the main line from Black River to Alpena, 21.77 miles, together
with 52.26 miles of branches, including the Loon Lake and Mud Lake branches, was also
436 POOR'S MANUAL OF BAILEOADS.
built in 1886, being completed about October 1st of that year. The gauge was originally 3
feet 2 inches, but was changed to the standard width April 10, 1886.
Rolling Stock, December 31, 1886. — Locomotive engines, 11. Cars — passenger, 5 ; bag.
gage, mail, and express, 2 ; freight (box, 87 ; platform, 184 ; caboose, 2), 273 ; timber cars,
300 — total cars, 580. Since the close of the fiscal year 60 flat cars and 5 locomotives have
been added.
Operations for year ending December 31, 1886. — Train mileage — passenger, 56,050;
freight, 156,500— total, 212,550 miles. Passengers carried, 80,333 ; carried one mile, 2,155,-
943 ; average mile-rate, 2.92 cents. Tons freight moved, 172,824 ; moved one mile, 3,378,-
281 ; average ton-mile rate, 4.86 cents.
Earnings.— Passenger $63,039 56
Freight 164,268 41
Mail and Express 8,037 87
Miscellaneous 6,35097
Total ($1,475.56 per mile) $241,6% 81
ExpenHes,— Transportation $73,760 65
Motive Power and Cars 3,762 88
Maintenance Way and Buildings 24,685 45
Genera) 21,651 95
Total ($756.17 per mile) $123,860
Net earnings (48.75 per cent.), $117,835.88 ; other receipts, $365.08— total available rev-
enue, $118,200.96. Payments: Interest on bonds, $83,939.25 ; on debt, $7,901.01; rentals
leased lines, $1,120.73 ; dividends, $12,000— total, $104,960.99. Balance, surplus, $13,-
239.97.
General Balance Sheet, December 31, 1886.
Cost of Road $3,538,486 59
Cost of Rolling Stock 294,813 41
Current Accounts 79,257 54
Cash on Hand 2,360 90
Total Assets $3,914,918 44
Capital Stock (par, $100) $1,533,300 00
Funded Debt Outstanding 2,300,000 00
BillsPayable 14,573 15
Current Accounts 53,805 32
Profit and Loss 13,23997
Total Liabilities $3,914,918 44
Funded debt consists of 1st mortgage 6 per cent. 30-year, $1,000 coupon bonds, dated
Januaiy 1, 1883, due 1913, interest payable January and July at office of Farmers' Loan and
Trust Co., Trustee, New York, N. Y.
Registrar of stock, Central Trust Co., New York, N. Y. Bonds listed on the New York
Stock Exchange.
Directors. — R. A. Alger, T. H. Newberry, James McMillan, Hugh McMillan, M. S. Smith,
J. C. McCaul, Detroit, Mich.
R. A. ALGER, President and General Manager Detroit, Mich.
M. S. Smith, Vice-President and Treasurer Detroit, Mich.
Secretary.— T. H. Newberry Detroit, Mich. | Auditor— J. C. McCaul Detroit, Mich.
PKINCIPAL OFFICE AND ADDRESS Detroit, Mich.
Transfer Office Central Trust Co., New York, N. Y.
DETROIT, GRAND HAVEN AND MILWAUKEE RAILWAY COMPANY.
Line of Road.— Detroit, Mich., to Grand Haven, Mich 189 miles.
Sidings, etc., 55.65 miles. Gauge, 4 ft. 8£ in. Rail (steel, 244.65 miles), 50 to 65 Ibs.
istory. — The Detroit and Pontiac RR. Co., chartered March 7, 1834, and the Oakland
and Ottawa RR. Co., chartered in 1848, were consolidated April 21, 1855, under the name of
Detroit and Milwaukee Ry. The Detroit and Pontiac RR. was opened throughout in 1844.
The line west of Pontiac was completed by the consolidated company November 22, 1858.
In 1860 the property was sold under foreclosure, and a reorganization effected under the
name of Detroit and Milwaukee RR. Co. The coupons in default were funded in bonds, and
the interest on floating debt in preferred stock. In November, 1873, the D. & M. RR. Co.
made default in the interest on its bonds, and the road passed into the hands of a receiver
April 10, 1875. On September 4,, 1878, it was sold to the bondholders, who organized the
present company, and assumed possession of the road October 18, 1878. The road is con-
trolled by and,operated in the interest of the Grand Trunk Railway Company of Canada.
POOR S MANUAL — DETROIT, GRAND HAVEN AND MILWAUKEE RY. CO. 437
Rolling1 Stock, December 31, 1886.— Locomotive engines, 41. Care— passenger, 88; bag-
gage, mail and express, 11 ; freight (box, 852; charcoal, 15; furniture, 7; platform, 199;
stock, 44 ; caboose, 17), 634 ; service car, 1 — total cars, 684. The company also owns
through car trust 550 box and 50 platform cars.
Operations for year ending December 81, 1886.— Train mileage— passenger, 500,540;
freight, 493,568— total, 994,108 miles. Passengers carried, 592,222; carried one mile, 18,710,-
171; average mile rate, 2.52 cents. Tons freight moved, 722,798; moved one mile, 59,825,894;
average ton-mile rate, 1.21 cents.
•Exposes.— Transportation $815,949 46
Motive Power 226,151 49
Maintenance of Cars 70,202 74
Maintenance Way & Buildings. 17t 642 74
General 83,313 04
Earnings.— Passenger
Freight 715,876 51
Mail 26,873 88
Express 19,054 81
Rents 11,308 56
Total ($6,582.19 per mile) $1,244,033 44
Net earnings (29.96 per cent.), $372,773.97.
Income Account, year 1886.
Total ($4,609.84 per mile) $871,259 47
Balance, December 31, 1885 $1,170 16
Net Earnings, 1886 372,773 97
Interest on Advances Received 24,253 63
Interest on Funded Debt $312,000 00
Interest, on Floating Debt 40,744 15
Balance, December 31, 1886 45,453 61
Total $398,197 76 Total $398,197 76
General Balance Sheet, December 31,1886.
Cost of Road $6,700,000 00
Materials and Fuel on Hand 22,189 67
Other Property and Assets 940,383 03
Current Accounts 214,303 60
Cash on Hand 13,795 61
Capital Stock (par, $50) $1,500,000 00
Funded Debt Outstanding 5,346,000 00
Current Accounts 865,455 84
Renewal and Other Funds 133,742 46
Profit and Loss 45,453 61
Total Assets $7,890,651 91 Total Liabilities $7,890,651 91
Funded debt consisted, December 31, 1886, of —
Equipt. mort. 6 p. c. 40-year (cou. $1,000), bonds, due Nov. 14, 1918, int. Apl. & Oct. $2,000,000
Con. mort. 6 p. c. 40-yr. (cou.$l,000, $500,$200) bds. due Nov. 15, 1918, in.Apl.& Oct. 3,200,000
5 p.c. 20-yr. reg.bd. & mort. on land in Det., due Oct. 1, 1900, in.Apl.& Oct. (£30,000). 146,000
Equipment bonds and consols are guaranteed by the Grand Trunk Ry. Co., and are
payable, both principal and interest, at the Canadian Bank of Commerce, New York, or at
the London Agency, Dashwood House, New Broad Street, E. C. They are listed on the Lon-
don Exchange, and are also quoted at Glasgow and at Liverpool. The consols were issued
for 70 per cent, of the 1st and 2d mortgage bonds and funded coupons of the D. & M. Ry. and
D. & M. RR. to assenting bondholders ; those not assenting receiving a dividend from the
court. Annual meeting, first Monday in October. Trustees of bonds: Samuel Laing, Ed-
ward Martin, John Owen.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
189
189
189
189
189
189
189
189
Passenger Train Miles
Freight Train Miles
394,212
360,534
395,012
317,191
470,056
341,429
504,192
429,225
588,156
432,259
518,115
460,051
504,530
421,210
500,540
493,568
Pas«engers Carried
434,246
489,693
531,755
629,243
648,409
592,922
553,991
592,222
Freight (tons) Moved
444,903
476,425
489,210
585,351
619,860
681,372
637,169
722,798
Passenger Earnings
$
406.761
$
460,691
$
496,321
$
566,861
$
509,386
$
490,256
$
451,662
$
470,920
Freight Earnings
663,629
713,114
662,771
731,564
747,470
703,281
647,331
715,876
Miscellaneous
42,073
45,972
47,838
50,140
69,608
60,854
55,647
57,287
Gross Traffic Burnings
Transportation Expenses. . .
1,112,463
744,384
1,220,077
816,264
1,196,930
883,609
1,848,565
1,009,112
1,876,464
926,696
1,254,391
930,765
1,154,640
839,780
1,244,033
S71.259
Net Traffic Earnings
368,079
403,813
313,321
339,453
379.768
833^)26
814,860
872,774
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass p.|Mile. .
Aver. Rate p. Ton p. Mile. .
6,615 73
3,997 27
2,418 46
66.92 p. c.
2.80 c.
1.33 C.
6,643 76
4,318 ^6
2,324 90
66. 90 p. c.
2.73 C.
1.50c.
6,332 96
4,675 18
1,657 78
73. 82 p.c.
2.65 c.
1.28 c.
7,135 27
5.339 22
1,796 05
74.83 p. c.
2.55 c.
1.20 c.
7,282 90
5,272 55
2,009 85
72.41 p. c.
2. -52 c.
128C.
6.636 99
4,871 77
1,765 22
73.40 p. c.
2.56 C.
1.15 C.
6,109 21
4,4J3 29
1,665 92
72. 73 p.c.
2.64 c.
1.88 C.
6,582 19
4,609 84
1,972 85
70.04 p. c.
2.52 c.
1.21 c.
438 POOR'S MANUAL OF RAILROADS.
DIVIDENDS. — For year 1879, 8 per cent.; 1880, 3 per cent.; six months ending June 30»
1881, 4 percent.; six months ending December 31, 1881, 3 per cent.; 1882, 4 per cent.; six
months ending June 80, 1883, 2 per cent.; six months ending December 31, 1883, 6 per cent.;
1884, 2 per cent.
Directors (elected Oct. 4, 1886).— Joseph Hickson, E. P. Hannaford, Montreal, Que. ;
Charles Stiff, Joseph Hobson, Hamilton, Ont.; Elijah W. Meddaugh, Aaron B. Maynard,
James F. Joy, W. J. Spicer, George F. Moore, Detroit, Mich.
JOSEPH HICKSON, President Montreal, Quebec.
Secretary and Treas.—S. H.Muir Detroit, Mich/ | General Manager— V? . J. Spicer Detroit, Mich.
Superintendent — A. B. Atwater Detroit, Mich.
PRINCIPAL OFFICE AND ADDRESS Detroit, Mich.
DETROIT, LANSING AND NORTHERN RAILROAD COMPANY.
~HI ' T' f T? i j Grand Trunk Junction, Mich., to Lansing, Mich.. .82.00 miles.
au'~ { North Lansing, Mich., to Howard City, Mich 74.60 miles.
Belding Branch : Kiddville to Belding 1.67 miles
Stanton Branch : Stanton Junction to Big Rapids 63.30 miles — 64.97 miles.
Leased : Saginaw and Western RR.: Alma to Howard City 42.60 miles.
rp , ( Michigan Central RR. : Detroit to Grand Trunk Junction 3.00 miles,
a^ ' \ Jackson, Lansing and Saginaw RR.: Lansing to North Lansing. . . . 1.00 miles.
Total length of lines (owned, 221.57 miles) operated 268.17 miles.
Sidings (owned, 76.76 ; leased, 10.07), 86.83 miles. Gauge, 4 ft. 8i in. Bail (steel, 233.07
miles), 50, 56 and 60 Ibs.
History. — Consolidation April 11, 1871, of the Detroit, Howell and Lansing, the Ionia and
Lansing, and the Ionia, Stanton and Northern RR. Co., under the name of Detroit, Lansing
and Lake Michigan RR. Co. Sold under foreclosure December 14, 1876 ; company reorgan-
ized under present name December 27, 1876. Main line opened in August, 1871 ; Stanton
Branch completed to Big Rapids in 1880. In 1883 a branch of 6.60 miles, extending from
Rodney, on the Stanton Branch, to Chippewa Lake, was built at a cost of $35,843.20, which
amount, together with the cost of laying 4.28 miles of new sidings during the same year, was
charged to expense account. This branch secures about 150,000,000 feet of pine lumber, to
be manufactured at Chippewa Lake at the rate of 15,000,000 to 20,000,000 feet per year, as
well as considerable other traffic. It is not included in the mileage statement above.
Rolling Stock, December 31, 1886. — Locomotive engines, 41. Cars — passenger, 28 ;
baggage, mail and express, 13 ; freight (box, 404 ; platform, 539 ; stock, 41 ; furniture, 10 J
caboose, 27), 1,021 ; service cars, 5 ; official, 1 — total cars, 1,068.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $364,777 77
Freight 802,007 87
Mail 27,901 39
Express 14,170 99
Miscellaneous 17,678 18
Total ($4,573.73 per mile) $1,226,536 20
Expenses.— Transportation $313,266 62
Motive Power 37.697 03
Maintenance of Cars 76,37182
Maintenance Way & Buildings. . 189.222 25
General 111,26112
Total ($2,714.02 per mile) $727,818 84
Net earnings (40.66 per cent,), $498,717.36. Payments : Interest on bonds ($266,500, less
interest received, $514.86), $265,985.14. Balance, surplus, $232,732.22; add surplus from
last year, $49,767.81 — total, $282,500.03. Paid dividend on preferred stock (3£ per cent.),
$87,850. Balance, surplus, December 31, 1886, $194,650.03, from which were paid dividends
of 3^ per cent. ($87,850) on preferred stock, and 3 per cent. ($54,768) on common stock, in
February, 1887, leaving a surplus of $52,0b2.03.
General Balance Sheet, January 1, 1887.
Construction $6,826,193 89
Equipment 622,975 07
Construction and Equipment 8. & W. RR. 570.500 00
Common Stock $1,825,600 00
Preferred Stock 2,510,000 00
S. and Western RR. Co 4,500 00— $4,340.100 00
Trustees D., L. & N. Sinking Fund 177,221 08 \ Funded Debt 3,823.000 00
Other Investments 100,077 34 i Accrued Interest 134,825 00
Bills and Accounts 113,477 22 Unpaid Vouchers, Taxes, etc 87,004 67
Supplies and Materials 29,007 68 Balance of Income Account 194,650 03
Cash on Hand 140,13242
TotalAssets ., $8,579,57970 Total Liabilities $8,579,57970
POOB'S MANUAL OF RAILROADS.
439
Statement of funded debt, December 31, 1886 :
Description.
Property Mortgaged.
Date.
Payable.
Interest.
Amount.
Annual
Charge.
Mtg. D., L. & N. RR.
JstMtg. I. &L. RR
IstMtg. Sag.&W.RR.
Entire Property.*
Lans'g to Greenville, 59.00 m
St. Louis to Lake V., 31.80 in.
Jan. 1, 1877
Aprils, 1869
July 2, 1883
Jan. 1, 1907
July 1, 1889
July 1, 1918
7 p. c. J. & J.
8 p. c. J. & J.
6 p. c. J. & J.
$2,487,000
770,000
t506,000
$174,090
61.HOO
88,960
£3,823,000
$W.I,M>
* A mortgage on the road and entire property of the company, subject to the Ionia and Lansing underlying
mortgage. t Guaranteed, principal and interest, D., L. & N. RR. Co.
The trustees of the sinking fund hold $159,000 1st mortgage bonds of the Detroit, Lan-
sing and Northern RR. Co., $9,000 1st mortgage bonds of Ionia and Lansing RR. Co., $5,000
Saginaw and Western 1st mortgage 6s, and $3,000 Fort Scott Equipment 1st mortgage 6s.
The amount paid into the sinking fund during the year 1886 was $11,966.15, out of which
was bought $9,500 D., L. & N. bonds ; paid trustees' service, $150 ; stationery, $4.50. The
Ft. Scott Equipment Co. drew at par a $1,000 bond of its issue.
Statement of operations, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
221.57
221 57
221 57
260 07
260 87
260 87
268 17
Passenger Train Miles
310,710
385571
394 903
433543
437806
433 <;94
460777
Freight and Mixed Train Miles
466,224
602036
717290
732868
559 464
411 639
663 654
Passengers Carried
499,785
555,725
635,473
700,834
622,055
549,787
5S7 724
Passenger Miles.
12 204,091
13 741 232
15 858 122
17 130 528
14 869 726
13 399 209
14 240 745
Freight (tons) Moved
508,450
567,371
743,998
646,864
517,187
509807
504043
Freight (ton) Miles
46,392,472
56,069,960
65,277,685
61,752,236
51,278,135
47,878,019
48,338,505
Gross Earnings
$
1,203,152
$
1,377,699
$
1,597,143
$
1,596,445
8
1,328,591
s
1,228,471
*
1,226.536
Operating Expenses and Taxes
739,005
921,819
1,136,061
1,058,570
865,270
771,271
727,819
Net Earnings
464,147
455,880
461,082
537,875
463,321
457,200
498,717
Other Receipts (Balances, Inc., etc.)...
Interest Accrued
1,366
229,29(3
3.643
235,527
10,425
232,975
206,394
248,335
210,939
265,894
123,137
267,019
175,783
266,500
Dividends on Stock
220,859
175,231
175,231
284,995
285,230
138,050
213,350
Rental
12,610
Balance
+ 15,358
+ 139,128
+ 62,301
+ 210,939
+ 123,136
+ 175,268
~ 194.650
Gross Earnings per Mile
5,430 12
6,107 63
7,08048
6,574 16
5,09293
4,709 13
4,67373
Gross Expenses' per Mile
3,335 31
4,086 62
5,03640
4.35948
3,316 86
2,95653
2,714 02
Net Earnings per Mile
2,09481
2,021 01
2,044 08
2,214 68
1,77607
1.752 60
1,85971
Expenses to Earnings
Average Rate per Passenger per Mile. .
Average Rate per Ton per Mile
61 .42 p. c.
2.58 c.
1.84 c.
67. 82 p. c.
2.69 c.
1.71 c.
71. 13 p. c.
2.59 c.
1.74 c.
66.31 p. c.
2.64 c.
1.76 C.
65. 12 p. c.
2.56 c.
1.74 c.
62.78 p. c.
2.57 c.
1.72 c.
59.34 p. C.
2.56 c.
1.66 C.
Statement of dividends paid by D., L. & N. RR. Co., since date of organization :
Preferred Stock. Common Stock.
p.c.
Feb. 20, '78, 2
Feb. 15, '79, 6
Aug. 9, '79,
Feb. 10, '80,
3J
p.c.
p.c.
p.c.
Feb. 10, '80, 2|
Aug. 15, '
Feb. 10, '
Aug. 15, '83, 3
p.c.
Feb. 15, '84, 3
Aug. 15, '84, 3
Feb. 15, '87, 3
p.c. p.c.
Aug. 10, '80," 3* Aug. 15, 82, 3J Aug. 15, '84, 3£ Aug. 15, '86," 3i
Feb. 15, '81, 3| Feb. 15, '83, 31 Feb. 16, '85, 3i Feb. 15, '87,
Ang. 15, '81, 3f Aug. 15, '83, 3* Aug. 15, '85, 2
Feb. 15, '82, 3i|Feb. 15, '84, 3* Feb. 15, '86, 5
Dividends are payable at the transfer office ; interest at the Second National Bank, Bos-
ton, Mass. Annual meeting, second Wednesday in May.
SAGTNAW AND WESTERN RAILROAD.— Alma to Howard City, Mich., 42.60miles (steel, 6.75
m.). Chartered as Chicago, Saginaw and Canada, January 4, 1873 ; road opened to Edmore December 1, 1875 ; to
Lakeview in 1879. Sold under foreclosure May 10, 1883, nnd purchased in the interest of the Detroit, Landing and
Northern Co. by parties who reorganized the company under its present name. Leased for 30 years from July 1,
1883, to the D., L. & N. RR. Co., that company guaranteeing to pay as rental 6 per cent, interest on bonds, and 7
per cent dividends on stock, the maximum limit of bonds to be $15,000 per mile. Since date of lease the road has
been shortened 2.7 miles by construction of a "cut-of " of one mile, connecting this line with the Snginaw and
Grand Rapids RR at Alma. Capital stock, $4,500 : funded debt, 1st mortgage 6 per cent. 30-year bonds, due July
1, 1913, interest January and July, $566,000 -total, representing cost of road and equipment, $480,500. NATHANIEL
THAYER, President ; Charles Merriam, Secretary and Treasurer, Boston, Mass.
Board of Directors D., L. & N. RR. Co., elected May 13, 1887.
H. H. Hnnnewell Boston, Mass.
Charles L. Young Boston, Mass.
Charles F. Adams Boston, Mass.
Nathaniel Thayer Boston, Mass.
Charles Merriam Boston, Mass.
Alpheus Hardy Boston, Mass.
A. H. Hafdy Boston, Mass.
..„„„...., . , „„. Geo. O. Shattuck Boston, Mass. | James H. Blake Boston, Mass.
E. V. R. Thayer Boston, Mass. | John A. Burnham Boston, Mass.
ALPHEUS HAKDY, President Boston, Mass.
Secretary and Treat.— Charles Merriam.. Boston, Macs. I Assistant Treasurer— 3 . E. Howard Ionia, Mich.
General Manager— J . B. Mulliken Detroit, Mich. | General Auditor— C. W. Courtnght Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Detroit, Mich.
Fiscal Agency and Transfer Office No. 26 Sears' Building, Boston, Mass.
440 POOR'S MANUAL OF RAILROADS.
EAST ST. LOUTS AND CARONDELET RAILWAY COMPANY.
Main Line of Bead.— East St. Louis, 111., to Falling Springs, 111 9.25
East Carondelet Branch : Junction to East Carondelet, 111 2.25 — 11.50 miles.
Sidings, etc., 5 miles. Gauge, 4 ft. 9 in. Rail (steel, 4 miles), 40, 56 and 60 Ibs.
History. — Chartered February 18, 1857 ; road opened September 26, 1872. Used chiefly
as a connecting road for all lines terminating at East St. Louis.
Rolling1 Stock. — Locomotive engines, 5. Cars — platform, 26 ; service, 1.
Operations for year ending December 31, 1886. — Traffic statistics not reported. Earn-
ings—freight, $75,094.80; rents, $3,937.50; other, $2,075.50— total, $81,107.80. Expenses
—maintenance of way, $19,990.12 ; rolling stock, $15,809.43 ; transportation, $10,482.77 ;
miscellaneous, $10,445.35— total, $56,727.67. Net earnings, $24,380.13. Paid interest, $14,-
000. Surplus, $10,380.13 ; surplus from last year, $10,415.95— total surplus, $20,796.08.
Financial Statement, December 31, 1886.— Capital stock ($100 shares), $420,000 ; funded
debt, 1st mortgage 7 per cent. 25-year $1,000 coupon bonds, due October 1, 1897, interest pay-
able April and October, $200,000; bills payable, $9,535.11; current accounts, $1,907.14; other
liabilities, $1,400; profit and loss, $20,796.08— total, $653,638.33. Contra: Cost of road,
$622,441.93; stocks and bonds, $4,000; other property and assets, $10,031.27; bills receiv-
able, $1,903.10 ; cash on hand, $15,262.03— total, $653,638.33.
Annual meeting third Thursday in February. Interest payable at office of treasurer,
Pittsburgh, Pa. Trustees of bonds : Wm. R. McKeen, Terre Haute, Ind. ; Win. H. Maurice,
St. Louis, Mo. Registrar of stock : S. B. Liggett, Pittsburgh, Pa. Voting power attaches to
stock after ten days' ownership.
Directors (elected February 17, 1887).— E. Reynolds, St. Louis, Mo. ; J. S. Peers, Collins-
ville, 111. ; C. H. Seybt, Highland, 111. ; C. D. Holies, Greenville, 111. ; W. R. McKeen, Terre
Haute, Ind.; J. N. McCullough, Thomas D. Messier, Pittsburgh, Ta. ; J. W. Conlogue, Corn-
ing, N. Y. ; Abram McNeil, Greenville, 111.
THOMAS D. MESSLEB, President Pittsburgh, Pa.
Secretary— S. B. Liggett Pittsburgh, Pa. | Treasurer— John E. Davidson Pittsburgh, Pa.
PRINCIPAL OFEICE AND ADDRESS East St. Louis, III.
Transfer Office Pittsburgh, Pa.
EAST ST. LOUIS CONNECTING RAILWAY COMPANY.
Line of Road. — Along levee in East St. Louis 2.44 miles.
2d track, 1.1 ; sidings, 8.25 miles. Gauge, 4 ft. 8£ in. Rail (steel, 5.49 miles), 56 and 60 Ibs.
History. — Chartered December 26, 1878 ; road opened October 28, 1879. Equipment con-
sists of 9 freight engines and 1 caboose car.
Operations for year ending June 30, 1885. — Not reported. Earnings ($40,951.68 per
mile), $103,007.20 ; expenses and taxes ($34,631.67 per mile), $84,501.28 ; net earnings (22.23
per cent.), $18,505.92. Paid interest, $1,107.34 ; rentals, $10,450.04— total, $11,557.38. Sur-
plus. $6,948.54 ; surplus from last year, $97,879.40— total, $104,827.94.
Financial Statement, June 30, 1885.— Capital stock, $20,000; notes payable, $52,000;
other liabilities, $30,000 ; profit and loss, $104,827.94— total, $206,827.94. Contra: Construc-
tion, $161,006.19 ; equipment, $45,630.69 ; sundry dues, $50 ; cash, $141.06.
Directors (elected second Tuesday in January, 1887). — S. C. Clubb, F. L. Ridgely, S. A.
Chouteau, St. Louis, Mo.; John DeHann, John Trendley, Henry Sackman, East St. Louis, 111.;
C. W. Thomas, Belleville, III.
S. C. CLUBB, President St. Louis, Mo.
F. L. Ridgely, Vice-President St. Louis, Mo.
y— S. A. Chouteau St. Louis, Mo. | Manager— H. W. Gays St. Louis, III.
Treasurer— H. L. Clarke. . St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS E. St. Louis, 111.
POOR'S MANUAL OP RAILROADS. 441
EVANSVILLE AND INDIANAPOLIS RAILROAD COMPANY.
Line of Road.— Evans ville, Ind., toTerre Haute, Ind 138 miles.
Sidings, etc., 5 miles. Gauge, 4 ft. 9 in. Rail (steel, 98 miles), 56 Ibs.
History. — This company was formed by the consolidation, January 1, 1886, of the Evans-
ville and Indianapolis, the Terre Haute and Southeastern and the Evansville, Washington
and Brazil Railroad Companies. The line of the last named company running from Wash-
ington to Worthington, Ind., 40 miles, was built in 1885. The whole line was opened
January 1, 1886.
For history of Evansville and Indianapolis and Terre Haute and Southeastern RR. Cos.
see MANUAL for 1885. This company is controlled by the Evansville and Terre Haute RR.
Co., whose track it uses from Evansville Junction to Evansville, 3.5 miles.
Operations for year ending December 31, 1886. — Train mileage, etc., not reported.
Earnings— passenger, $48,918.52; freight, $133,902; mail, express, etc., $13,284.59— total,
$196,105.11. « Operating expenses, $103,331.63. Net earnings, $92,773.48.
Financial Statement, December 31, 1886.— Capital stock, $2,000,000 ; funded debt, first
consolidated mortgage six per cent. 40-year gold $1,000 bonds due January 1, 1926, in-
terest payable January and July, $3,468,000 ; current accounts, $16,366.07; due to other
lines, $509.82; other liabilities, $34,376; due Evansville and Terre JHaute RR., $63,325.82;
profit and loss, $368.87— total liabilities, $5,582,946.58. Contra : Construction and equip-
ment, $3,724,332.11 ; bonds on hand, $1,800,000 : in hands of financial agenls, $51,617.98 ;
due from other lines, $3,775.76 ; cash in transitu, $3,220.73— total assets, $5,582,946.58.
Directors (elected September, 1886).— Edwin Taylor, Win. Heilman, G. J. Gram-
rner, W. D. Ewing, D. J. Mackey, W. J. Lewis, E. B. Morgan, Evansville, Ind.
D. J. MACKEY, President Evansville, Ind.
Sec. and Treas.—Vf. J. Lewis, Evansville, Ind. | General Manager— -W '. D. Ewing Evansville, Ind.
PRINCIPAL OFFICE AND ADDRESS Evansville, Ind.
EVANSVILLE AND TERRE HAUTE RAILROAD COMPANY.
Main Line of Road. — Evansville, Ind., to Terre Haute, Ind 109.00 miles.
Mt. Vernon Branch : Fort Branch to Mt. Vernon, Ind 37.00 mile?.
Boekmlle Extension (leased to T. H. and L. and the C. and E. 111. RRs.) 23.00 miles.
Total length of line owned by company 169.00 miles.
Sidings, etc., 28.69 miles. Gauge, 4 ft. 84 in. Rail (steel, 104 m.), 56 Ibs.
History. — Consolidation of the Crawford&ville and Illinois RR. Co. (chartered in 1849) and
the Terre Haute and Viucennes RR. Co. (chartered in 1851) under the name of Evansville and
Crawfordsville RR. Co. Whole line opened November 24, 1854. Present name adopted
April 1, 1877. The Rockville Extension was opened in 1862, and leased July 1, 1872, to the
Logansport, Crawfordsville and Southwestern RR. Co. On the reorganization of that com-
pany, under the name of the Terre Haute and Logansport RR. Co., a new lease was taken for
99 years from November 1, 1879. In July, 1881, the Chicago and E. Illinois RR. Co., having
purchased 40 per cent, of the capital stock of this company, secured a lease of its line, and
operated it as its Evansville aqd Terre Haute Division ; but this lease was shortly afterward
abrogated. The Owensville Branch was extended from Cynthiana to Mt. Vernon, 25 miles,
July 1, 1882. The company owns a controlling interest in the Evansville and Indianapolis
RR., acquired in 1885. It also has an interest in the Peoria, Decatur and Evansville.
Rolling Stock, August 31, 1886.— locomotive engines, 31. Cars— passenger, 13 ; com-
bination, 4 ; baggage, 3 ; express, 2 ; freight (box, 764 ; platform, 279; stock, 37; coal, 248 ;
caboose, 9 ; White Line, 123 ; G. E. Line, 10), 1,470— total cars, 1,492. Also, 11 construc-
tion, 3 wrecking, and 54 hand and push cars.
442
POOR S MANUAL— EVANSVILLE AND TERRE HAUTE RR. CO.
Expenses.— Transportation $115,257 88
Motive Power 97,123 03
Maintenance of Cars 50,348 80
Maintenance Way and Buildings 68.500 08
General and Taxes 44,050 95
Operations for year ending August 31, 1880. — See tabulated statement below.
Earnings.— Passenger §200,121 82
Freight! 445,930 78
Mail 16,398 92
Express 17,838 00
Miscellaneous 81,692 06
Total ($5,219.05 per mile) $761 ,981 58 Total ($2,569.73 per mile)
Net earnings (50.76 per cent.), $386,800.84. Payments: Interest on bonds,
dividends, $120,000— total, $322,320. Balance, surplus, $64,480.84. Add surplus
year, $590,608.79. Total surplus, August 31, 1886, $655,089.63.
General Balance Sheet (169 miles), August 31, 1886.
Capital Stock (scrip, $2,314.15; shares, $50).
Funded Debt
Bills Payable
Current Accounts
Dividends and Coupons Unpaid
Due to Other Lines
Other Liabilities...
.$375,180 74
$•202,320 ;
from labt
Construction and Equipment $6,572,991 58
Bonds on Hand 1,087,000 00
Real Estate 12,281 85
New Pittsburgh Extension 60,116 45
Sundry Securities 242,069 1)5
Materials and Supplies 47,495 66
Bills, Accounts, etc 201,020 90
Cash on Hand and in Transitu.
56,454 66
Profit and Loss.
$2.090,997 88
4.2:,7.(KIO 00
l'.iS,!«7 34
76,597 !i8
9,409 93
16.017 01
6.381 23
655,089 03
Total Assets '. . $8,219,431 05 Total Liabilities $8,219,431 05
Funded debt consisted, August 81, 1886, of —
1st mtge. (E. & 111. RR., 51 m.) 7 per cent. 35- year bonds, due January 1, 1887, int. January and July $2-16.000
1st mtge. (E. & C. RR., 108.38 m.) 7 p. c. sinking fund 33-year bonds, due Nov. 1, 1887, int. May and Nov.. 606,000
ConeoT 1st mtge. (114.38 m.) 6 per cent. 30-year bonds, due July 1, 1910, interest January and July 30,000
1st consol. mtge. (E. & T. H. RR., 169 m.) 6 p. c. 40-year gold bonds, due July 1, 1921, int. Jan. & July . . .8,000,000
1st mtge. (Mt. Vernon Br., 25 m.) 6 per cent. 40-year gold bonds, due April 1, 1923, int. April and Oct 375,000
The new consolidated bonds are secured on all the company's property wherever situated-
The company holds $852,000 of these bonds, and $175,000 Mt. Vernon Branch bonds.
Statement of operations, capital account, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Road Operated
Miles of Road Owned. .....
108.38
130.26
157.29
45.16
24
16
623
158,642
177,599
130,853
4,380,930
352,107
24,588,862
$
567,158
403,909
114.38
136.26
159.05
77.50
26
17
800
166,783
209,115
189,734
5,641,430
452,854
32,451 ,033
$
698,218
499,128
115.00
144.00
197.69
88.00
24
18
951
127.17
169.00
197.69
104.00
24
16
904
146.00
169.00
197.69
104.00
26
21
1,035
146.00
169.00
197.69
104.00
26
21
1,227
146.00
169.00
197.69
104.00
29
22
1,345
278,599
215,007
267,975
7,256,072
500,535
43,065,969
$
706,823
361,223
146.00
169.00
197.69
104.00
31
22
1,470
321,270
222,613
276.420
7,687.312
535,078
45,585,052
$
761,982
375,181
Miles of Track Owned
Miles of Steel Rail
Locomotive Engines
Passenger Train Cars......
Freight Train Cars
Freight Train Miles
Passengers Carried
204,324
6,703,205
457.600
35,097,074
$
688,758
486,588
255,142
7,781.101
563,422
47,480,847
8
826,428
451,646
295,565
8,153,762
494,555
42.921,260
751,691
387,230
288,515
7,761,730
529,994
45,044,045
$
741. 10S
365,811
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings
163,249
17,605
199,090
14,166
202,170
13,296
374,782
364,461
375,297
12,000
345,600
12,000
386,801
Rentals *
Available Revenue
180,854
80,600
(5) 50,860
49,394
5,233 05
3,726 79
1,506 26
71. 22 p. c.
3.54 c.
1.55 C.
$
1,020,516
100,000
1,017,000
89,741
1,216,197
213,256
81,763
(5) 50,871
80,072
6,104 37
4,363 77
1,74060
71 .49 p. c.
2.25 C.
1.46 c.
$
1,020,556
100,000
1.150,000
123,191
1,277,878
215,466
84,813
(5) 50,876
70.776
5,989 20
4,231 20
1,75800
70.64 p. c.
3.00 c.
'T
3,000,000
374,782
188,920
(2) 50,000
135,862
6.602"44
3.60826
2.994 18
54. 65 p. C.
2.80 c.
1.14c.
$
3,000,000
364,461
194,180
387,297
202,520
357.600
202,320
(2) 60,000
95,280
4,841 25
2,474 13
2,367 12
51.11 p. c.
2.65 c.
0.95 C.
$
2,999,998
886.801
(4) 120.000
64.481
5,219 05
•j.r.i-i) 73
2,64932
49. 24 p. C.
2.60 c.
0.97 c.
$
2,999,998
Interest
Balance, Credits
1(59,691
5,148 56
2,652 26
2,496 30
51.52 p. c.
2.60 c.
1.04 c.
$
3,000,000
184,777
5,076 07
2.505 55
2.570 52
49. 36 p. c.
2.70 c.
0.95 c.
$
3,000,000
Gross Earnings per Mile. .
Gro^s Expenses per Mile .
Net Earnings per Mile. . . .
Expenses to Earnings. . . .
Av. Rate p. Pass. p. Mile .
Av. Rate p. Ton p. Mile. .
Capital Stock
Preferred 7 per cent. Stock.
Funded Debt
3,000,000
164,792
154.999
3,000,000
170,523
290,861
4,297.000
180,697
460,552
4,257,666
161,556
495,329
4. 257.0HO
22<i.295
590,609
4,257.000
307.343
655,090
Bills, Accounts, etc
Surplus Income
Total Liabilities
3,393.454
3,175.916
79,519
28.084
109,935
3,671,635i 6,319,791
3,329.666' 5,814.950
22,987 38.282
85,580 58,027
236,402 408,532
6,461,384
6,120,404
42,334
Bi,800
245,838
7,938,249
5.WIS.753
1,648.303
45..VW
245,661
7,913,885
6.189,637
1,519,069
47,044
158,135
8,073,902
ti.256.394
1,518,917
51,853
246,738
8,219,431
6.572,981
1,341.468
47,496
257,476
Construction and Outfit
Other Investments
Fuel and Material
Accounts and Cash
Total Assets ...
3,393,454
3,e71,635
6,319,791
6,461,384
7,938,249
7,913,885
8,073,902
8,219,431
* In the years 1882-83, rentals included in gross earnings.
POOR 8 MANUAL OF RAILROADS. 443
DIVIDENDS. — This company has paid dividends as follows during the pant nine calendar
years : 1877, 4 per cent.; 1878, 5 per cent.; 1879, 5 per cent.; 1880, 5 per cent.; 1881, 4J per
cent.; 1883, 6 per cent, scrip ; 1884, 20 per cent, stock : 1885, 8 per cent., and 1886, 4 per
cent.
Annual meeting, third Monday of October ; books close 10 days prior to, and reopen one
day after same. Dividends payable at the company's office ; interest on all bonds at Farmers'
Loan and Trust Co., New York. Stock consols of 1921 and Mount Vernon Branch bonds
listed on New York Stock Exchange.
Directors (elected October 18, 1886).— Isaac T. Burr, Boston, Mass.; James T. Woodward,
C. C. Baldwin, Joseph M. DeVeau, James Stillman, Heman Clarke, John W. Ellis, T. W.
Evans, Benjamin Russak, W. H. Brown, New York, N. Y.; D. J. Mackey, William Mailman,
F. WT. Cook, Evansville, Ind.
D. J. MACKEY, President Evansville, Ind.
Secretary and Treas.—W. J. Lewis Evansville, Ind. I Traffic Manager— Q. J. Crammer Evansville, Ind.
General Manage? — W. D. Ewing Evansville, Ind. . Superintendent — M. Bawden Evansville, lud.
Auditor — E. B. Cooke , Evansville, Ind.
PRINCIPAL OFFICE AKD ADDRESS Evansville, Ind.
Financial Agency Farmers' Loan and Trust Co., New York, N. Y.
FLINT AND PERE MARaUETTE RAILROAD COMPANY.
Main Line of Road. — Monroe, Mich., to Ludington, Mich 253.34 miles.
East Saginaw Branch : Bay City to East Saginaw 12.68
Otter Lake Branch : Flint Junction to Fostoria 19.51
South Saginaw Branch : Junction to S. Saginaw 4.65
Mt. Pleasant Branch : E. Saginaw, Mich., to Mt. Pleasant 14.51 — 51.35 miles.
, ( Saginaic and Clare County RR 29.91
A: \ManisteeRR 26.53— 56.44 miles.
Total length of line operated 361.13 miles.
Sidings and spurs, 191.41 miles. Gauge, 4 ft. 8£ in. Rail (steel, 399.06 miles), 56 and 62 Ibs.
History. — Organized as Flint and Pere Marquette Ry. Co. June 22, 1857, and consolidated
June 4, 1872, with the Bay City and East Saginaw, the Holly, Wayne and Monroe, and the
Cass River and Flint River RR. Companies. Road opened in December, 1874.
The portion of the main line from Monroe to Holly, 65.60 miles, was built by the Flint
and P. M. Ry. Co., under the charter of the Holly, Wayne and Monroe RR. Co.; the branch
from Bay City to East Saginaw, under charter of Bay City and East Saginaw RR. Co.; and
from Flint, to Otter Lake, under Flint River RR. charter. On December 16, 1881, the Otter
Lake Branch was opened to Fostoria, a distance of about 5 miles from its former terminus at
Otter Lake. The cost of this extension was $40,704.94. In 1880 the company purchased the
Saginaw and Mt. Pleasant RR., and now operate it as the Mt. Pleasant Brunch.
The road was placed in the hands of a receiver July 1, 1879, in default of payment of in-
terest on the consolidated mortgage. Proceedings in foreclosure were commenced June 27,
1879, and the road sold August 18, 1880, to a committee of the consolidated mortgage bond-
holders, who reorganized the company under the present name August 31, 1880, and assumed
possession of the road and property October 1, 1880. For terms of reorganization see MANUAL
for 1884, page 601. Of the 4,470 consolidated bonds outstanding at the date of foreclosure,
all except one have been surrendered to the company, and preferred stock issued in exchange.
The company has in contemplation an extension of the road from Wayne Junction into
Detroit, about 18 miles.
Rolling Stock.— Locomotive engines, 78. Cars— passenger, 53 ; parlor, 6 ; sleeping, 5 ;
baggage, mail and express, 17 ; freight (box, 1,054 ; stock, 8; furniture, 10 ; cabin, 32 ; coal,
200 ; platform, 824), 2,128 — total revenue cars, 2,209. Also, 4 snow-plows, 2 excravators, 1
derrick and 1 pile-driver : 1 directors', 1 pay, 6 conductors' way, 1 tool, 9 boarding, 82 lorrie
and 106 hand care.
444
POOE'S MANUAL — FLINT AND PEBE MAKQUETTE BB. CO.
Operations for year ending December 31, 1886. See tabulated statement below.
Expenses. — Maintenance of Way $278,560 63
Maintenance of Cars 195,876 26
Motive Power 79,622 91
Transportation 773,224 23
Miscellaneous and Taxes 183,818 18
Earnings.— Passenger $695,934 00
Freight 1,403,720 46
Mail 38,150 84
Express 20,880 48
Miscellaneous 2,086 35
Total ($5,983.34 per mile) $2,160,772 43 Total ($4,184.87 per mile) .$1,511,102 21
Net earnings (30.07 per cent.), $649,670.22. Other receipts : Interest and dividends on
assets, $30,387.36— total, $680,057.58. Payments: Interest on funded debt, 334,940 ; on tem-
porary loans, $18,357.19 ; dividends (January and July, 2£ per cent, each), $325,000 — total,
$678,297.19. Balance, surplus, $1,780.39 ; surplus from last year, $18,591.68— total, $20,
352.07.
Statement of operations, capital account, etc., for seven years :
1879
1880
1881
1882
1883
1884
1885
1886
Mile? Railroad Operated
Passenger Train Miles
307.48
403,707
457,325
552,753
16,838.338
495,817
42,044,433
s
1,151,201
745,912
317.71
44<>,759
737,775
712,209
20,950,290
868,816
68,413,684
8
1,599,624
1,143,937
345.16
543,566
719,438
813,131
24.449,195
1,013,965
80,894,052
$
1,885,414
1,315,322
346.90
678,427
754,700
994,225
29,546,975
1,137,589
92,653.733
$
2,165,219
1,432,209
346.90
740,760
1,045,888
1,048,496
32,213,590
1,442,884
123,112,615
$
2,542,943
1,735,517
361.64
738.321
871,496
882,659
27,231,295
1,229,679
104,987,077
$
2.252,988
1,515,461
361,64
771,708
789,502
757,102
23,380,115
1,135,270
98.2.50,979
$
1.94i>,700
1,347,840
361.13
812.776
914,393
862.088
25,806,190
1.382,747
120.758.832
$
2,160,772
1.511,102
Freight Train Miles
Passengers Carried
Passenger Miles
Freight 'tons) Moved.
Freight (ton) Miles
Gross Earnings
Expenses and Taxes
Net Earnings
405,289
3,743 98
2.425 56
1,318 42
64.79 p.c.
2.69 c.
1.55 c.
S
3,298,200
7,844,006
2,165,938
455.687
5,034 86
3,600 57
1,434 29
71.52 p.c.
2.70 c.
1.45 C.
$
6,304,800
3,367,159
639,234
570,092
5,934 38
4,140 09
1,794 27
69.76 p.c.
2.69 c.
1.43 c.
$
6,500,000
4,821,560
941,109
19,124
733,010
6,241 62
4,102 65
2,138 97
66.15 p.c.
2.69 c.
1.42 c.
6,500,000
5,028,000
1,402,988
35,614
807,426
7.330 48
5,002 93
2.327 55
68.25 p.c.
2.71 c.
1.31 c.
$
6,500,000
5,197,000
1,739,864
69,368
737,527
6,229 92
4,190 52
2,039 40
67.26 p.c.
2.69 c.
1.39 c.
$
6,500.000
5,299,000
845,065
13,365
598,950
5,163 47
3,510 16
1,653 31
69.23 p.c.
2.72 c.
1.27 c.
8
6,500,000
5,299,000
095,337
18,592
649,670
5.9S3 34
4,184 37
1,798 97
69.93 p.c.
2.69 c.
1.16 C.
8
6,500,000
5,299,000
752,079
20,352
Gross Earnings per Mile.;..
Gross Expenses per Mile. ..
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile .
Capital Stock
Funded Debt
Bills. Accounts, etc
Profit and Loss
Total Liabilities
13,308,144
8,910,291
10,311,193
9,671,959
12.281,853
11,361,845
526,642
12,966,602
11,754,789
558,000
130,300
523,513
13,506,232
12,326,386
558,000
203,623
418,223
12,657,430
11,352,492
558,000
198.018
548,920
12,512,929
11,256,191
558,000
192.156
506,582
12.571,431
11,355,870
558,000
257,444
400,117
Railroad and Equipment
Stocks and Bonds
Other Investments, etc
Accounts and Other Assets.
Profit and Loss
226,902
1,859,062
2,311,889
639,234
393,366
Total Assets
13,308,144
10,311,193
12,281,353
12,966,602
13,506,232
12,657,430
12,512,929
12,571,431
General Balance Sheet, December 31, 1886.
Road and Equipment $11,355,869 82
Stock in Manistee RR 400,000 00
Manistee RR. Advances 91,243 50
Steamers No. 1, 2 and 3 151,200 46
Materials and Fuel 109.082 90
Securities of Co 158,000 00
Uncollected Earnings 82,071 47
SundryTrusts 15,000 00
Saginaw, Tuscola and Huron RR 36,246 50
Sundry Dues and OtherAesets 71,23732
Cash on Hand 101,479 56
Preferred Stock $6,500,000 00
Funded Debt 5,299,000 00
Treasurer State of Michigan 46,754 02
Oliver Prescott, Trustee (special) 17,500 00
Bills Payable 299,500 00
Dividends Payable January 15, 1886 162,500 00
December Liabilities 225,825 44
ProfitandLoBS 20,35207
Total Assets $12,571,431 53 Total Liabilities $12,571.431 53
Cost of road and equipment to December 81, 1885, $11,256,191.38 ; additions during 1886,
$144,578.44; receivership expenses, $100— total to December 31, 1886, $11,400,869.82. Less
amount received from trustees of land funds, $45,000. Net cost December 31, 1886, $11,355,-
809.82.
The preferred stock is entitled to 7 per cent, dividends (non-cumulative) from net earn-
ings after payment of interest, and to share pro rata with the common stock in any dividend
PCOBS MANUAL OF EAILBOADS.
445
over 7 per cent, on the entire stock. The total amount of capital stock provided by scheme
of reorganization is $10,000,000— $6,500,000 preferred and $3,500,000 common. The certifi-
cates of common stock issued being provisional, entitling the holder to certificates of stock
only when the conditions of issue have been complied with, such certificates are not included
in the balance sheet.
Statement of funded debt, December 31, 1886 :
CHARACTER OP BONDS.
Rate.
Interest.
When Due.
Issued.
Outstanding.
Flint and Holly Lease Bonds ($25,000 p. a.)
Bay County Bonds (loan to same)
10
10
8
6
May and Nov.
March and Sept.
Jan'y and July
April and Oct.
May 1, 1888
Sept. 1, 1887
Jan. 1, 1901
Oct. 1, 1920
$550,000 00
75,000 00
1,000,000 00
3,924,000 00
$800,000 00
75,000 00
1,000,000 00
8,9i'4,000 00
Holly, Wayne & Monroe RR. Bonds
F &P M RR 1st Mortgage Gold. . ..
Total
$5,549,000 00
$5,299,000 00
Annual meeting, third Wednesday in May, at East Saginaw, Mich. Books close for
annual meeting ten days prior thereto, and for dividends about three weeks prior to payment
of same, reopening the day after the meeting and also day after dividend payments. Divi-
dends payable on the 15th days of January and July at Merchants' Exchange National Bank,
New York City. Registrar of stock, Union Trust Co., New York. Interest on bonds payable
as follows : F. & H. lease bonds, and H. W. & Mon. RR. bonds, at Merchants' National
Bank, New York City, and Mechanics' National Bank, New Bedford, Mass. ; on Bay Co.
bonds, at Merchants' Exchange National Bank, New York, and on F. & P. M. RR. bonds, at
Merchants' Exchange National Bank, New York, and Mechanics' National Bank, New Bed-
ford, Mass. Transfer agent, A. S. Apgar, 257 Broadway, New York City. Preferred stock
and 6 per cent, bonds listed on New York and Boston Stock Exchanges.
The bonds of 1920 are limited in amount to $5,000,000, of which $1,075,000 are reserved
to retire the Bay County and the Holly, Wayne and Monroe RR. bonds.
The trustees hold $300,000 6 per cent, bonds of the company, purchased with land funds
applicable to the payment of these bonds, and they apply the coupon money collected toward
payment of coupons of Flint and Holly bonds.
Land Department. — The company has a land grant of 3,840 acres to the mile of road,
which is divided into five trusts to secure a like number of mortgages on the road and lands.
In 1886 there were sold 7,927.65 acres at an average of $7.50 per acre, amounting to $59,509.-
43. Total number of acres sold to December 31, 1886, 422,457.85$ ; unsold, 89.044.34$.
TRUSTEE'S INCOME ACCOUNT. — Receipts : Balance January 1, 1886, $764,556 ; land grant
sales and interest, $173,818.17; interest on funds invested, $40,487.36— total, $978,861.53.
Disbursements: Expenses land office, $4,000; taxes, $9,370'.84; F. & P. M. RR. on general
account, $137,987.36 ; trustee's services, $650.60 ; balance December 31, 1886, $826,852.73.
RAILROADS LEASED OR OWNED BY THE FLINT AND PERE MARQUETTE RR. Co.
cembur 31, 1883, was $469,955.60. H. C. POTTER, Pr&ideni ; H. C. Potter, Jr., Secretary and Treasurer, East Sagi-
naw, Mich.
SAGINAW AND CLARE COUNTY RAIKROAD.-Farwell, Mich., northward, 29.91..miles ;
ford, Mass.
Directors F. & P. M. RR. Co. (elected third Wednesday in May, 1887).— C. D. Wood, S.
N. Hoyt, Alfred M. Hoyt, New York City; William W. Crapo, F. Hathaway, Loum Snow,
New Bedford, Mass.; H. C. Potter, H. C. Potter, Jr., W. L. Webber, East Saginaw, Mich.;
A. G. Brower, Utica, N. Y.; Lewis Pierce, Portland, Me.
WM. M. CRAPO, President New Bedford. Mass.
H. C. Potter, Vice- President and General Manager East Saginaw, Mich.
and Treasurer— H. C Potter, Jr.. E. Saginaw. Asst. General Manager— David Edwards.... E. Ssginaw.
dent-So^ Keeler . .....' E. Saginaw. Aut. Superintendent-Win. F. Potter K. Saginaw.
PRINCIPAL OFFICE AND ADDRESS East Sagiuaw, Mich.
446 POOR'S MANUAL or RAILROADS.
FORT WAYNE, CINCINNATI AND LOUISVILLE RAILROAD COMPANY.
Main Line of Road. — Fort Wayne, Ind., to Connersville, Ind 104.18
Rushviile'; Branch : Newcastle to Kushville, Ind 24.00 — 128.18 miles.
Sidings, etc., 2.7 miles. Gauge, 4 ft. 8£ in. Kail, 56 Ibs.
History. — Road opened under the name of the Fort Wayne, Muncie and Cincinnati RR.,
September 12, 1870; placed in hands of receiver, in default of payment of interest on its
bonds in 1874. Sold under foreclosure July 27, 1881, and purchased for account of the bond-
holders at a cost of $1,000,000, and subsequently reorganized under its present name. The
Rushville Branch was built under the name of the Newcastle and Rushville RR. and opened
towards the close of 1881, and consolidated with Ft. Wayne, Cincinnati, and Louisville RR.
Company in 1886.
Rolling Stock. — Locomotive engines, 12. Cars — passenger, 5; mail, etc., 3; freight
(box, 113 ; stock, 30 ; platform, 130), 273— total, 281.
Operations for year ending December 31, 1886. — Traffic statistics not reported. Gross
earnings, $261,925.19; expenses and taxes, $213,319.99; net earnings, $48,605.20. Add
charge for superintendence, White Water RR., $2,400; interest received, $506.16; receipts
from sale of old rails, $6,729.91— total available revenue, $58,241.27. Paid interest, $7,000.
Surplus, $51,241.27.
Financial Statement, December 31, 1886. — Capital stock, $4,000,000 ; funded debt, deben-
ture 7 per cent. 10-year bonds, due June 1, 1893, interest June and December, $100,000. No
further information furnished.
Directors (elected September 14, 1886).— Elijah Smith, John M. Forbes, Geo. W. Bald-
win, H. H. Hunnewell, Henry S. Russell, Charles H. Dalton, Wm. Endicott, Jr., P. W.
Smith, Boston, Mass.; Larz Anderson, Cincinnati, O. ; R. G. Rolston, New York, N. Y.; J. W.
Potter, Melrose, Mass.
ELIJAH SMITH, President Boston, Mass.
Sec. and Treas.—P. W. Smith Boston, Mass. | General Supt.—Vf. W. Worthington ... Ft. Wayne, Ind.
PRINCIPAL OFFICE AND ADDRESS Fort Wayne, Ind.
Transfer Agency Farmers' Loan and Trust Co., New York, N. Y.
FULTON COUNTY NARROW-GAUGE RAILROAD COMPANY.
Main Line of Road. — Havana, 111., to Fairview, 111 28
Leased : Fulton County Extension Ry.: Fairview to Galesburg, 111 33 — 61 miles.
Sidings, 2.4 miles. Gauge, 3 feet. Rail, 35 Ibs.
History. — Chartered August 13, 1878 ; road opened in December, 1880. The company
leases the Fulton County Extension Railway, paying as rental 30 per cent, of gross earnings.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 3 ; baggage, mail, etc., 2 ;
freight (box, 41; stock, 25; flat, 18; coal, 55 ; other, 8), 147— total, 152.
Operations for year ending June 30, 1886. — Train mileage — passenger, 38,186; freight,
38,186— total, 76,372 miles. Passengers carried, 24,769 ; carried one mile, 619,225; average
mile-rate, 2.7 cents. Tons freight moved, 31,757; moved one mile, 1,937,177; average mile-
rate, 1.2 cents. Earnings— passenger, $16,126.28; freight, $28,756.21— total ($735.77 per
mile), $44,882.49. Operating expenses and taxes, $49,300.23. Deficit, $4,417.74; surplus
from last year, $6,827.32. Balance, surplus, $2,409.58.
Financial Statement, June 30, 1886.— Capital stock, $636,303.27; funded debt 1st mort-
gage 7 per cent. 30-year bonds, due March, 1911, $171,000; ditto, due July, 1912, $313,000;
interest unpaid, $136,535; vouchers and accounts, $3,772.80— total, $1,260,611.07. Contra:
Construction, $1,027,306; equipment, $84,836.09; income, $120,783.69; interest, $16,940; ma-
terials, $842.41; sundry dues, $6,025.37; debit balance, $2,320.64; cash, $1,556.87— total,
$1,260,611.07.
Annual meeting Tuesday after second Monday in August.
FULTON COUNTY EXTENSION RAILWAY.— Fairview, HI., to Galesburg, 111., 33 miles.
Chartered February, 1881 ; road opened July, 1882. Leased for 30 years from June, 1883, to the Fulton County
Narrow-Gauge RK. Co., the rental being 30 per cent, of gross earnings. Capital stock, $260.900 ; funded debt 1st
mortgage 7 per cent, bonds, $5J3,900— total, $834,800. Cost of road, etc., $293,118. S. H. MAIXOBY, President^
Chariton, la.
S. H. Mallory Chariton, la.
J. C. Wilcoxen Lewistown, 111.
Henry Phelps Lewistown, 111.
Moses Turner Lewistown, III.
POOR'S MANUAL OF RAILROADS. 447
Directors Fulton County N.-G. RR., elected August 10, 1886.
J. A. Gray Lewistown, III.
A. C. Atherton Lexvihtown, III.
Joseph Braden Chariton, la.
E. A. Temple Chariton, la.
T. M. Stuart Chariton, la.
A. Mallory Creston, la.
T. L. Frazier Lewisiown, 111.
I. C. Worley Lewistown, 111.
S. H. MAI.LORY, President and General Manager Cbariton, la.
Henry Phelps, Vice-President Lewistown, 111.
Secretary— D. 3. Tliayer Cbariton, la. I Treasurer— Moses Turner Lewistown. 111.
Superintendent, Freight and Passenger Agent— A.. C. Atherton Lewistown, 111.
PRINCIPAL OFFICE AND ADDRESS Lewistown, III.
GRAND RAPIDS AND INDIANA RAILROAD COMPANY.
Main Line of Road. — Fort Wayne, Ind., to Mackinaw City, Mich 366.59 miles.
Manistee Branch : Milton Junction to Carey, Midi 14.51 miles.
Deer Lake Spur 6.96 miles.
Hissaukee Branch : Mbsaukee Junction to Mitchell, Mich 7.64 miles.
Long Lake Spur 0.77 miles.
Osceola Branch : Hobart to Olga, Mich 7.03 miles. — 36.91 miles.
( Cincinnati, Richmond and Fort Wayne RR 85.60 miles.
Operated : 1 Traverse City ER 26.00 miles.
(Bay View, Little Traverse and Mackinaw RR 5.70 miles.
fon, Grand Rapids and Indiana RR 36.76 miles. — 154.06 miles.
Total length of lines owned and operated 557.56 miles.
Sidings, etc. (owned, 76.34 ; leased, 16.24), 92.58 miles. Gauge, 4 ft. 9 in. Rail (steel [owned,
366.59; leased, 73.66], 440.25 miles), 50, 56 and 60 Ibs.
History. — This company was organized under general railroad law of State of Michigan,
January 18, 1854 ; consolidated with Grand Rapids and Southern RR. Co., without change of
name, September 1, 1855. On July 30, 1857, the Grand Rapids and Mackinaw and the Grand
Rapids and Fort Wayne RR. Companies were also consolidated with it. The first section of
road from Grand Rapids north to Cedar Springs was completed in December, 1867. It was
opened to Petosky in 1874, and to Bay View in May, 1876. The southern extension from Ft.
Wayne to Grand Rapids was completed in October, 1870. On October 1, 1884, the Grand
Rapids, Indiana and Mackinaw RR. Co., under whose charter, dated February 18, 1881, an
extension of this line was built from Bay View to Mackinaw City, 34.31 miles, was consoli.
dated with this company. The Grand Rapids and Indiana RR. Co. is controlled by the
Pennsylvania RR. Co. through advances and guarantees.
For traffic returns, earnings, etc., of operated lines and terms of contracts with Grand
Rapids and Indiana RR. Co. reference should be made to the statements of the respective
companies. See GENERAL INDEX.
Rolling Stock, December 31, 1886.— Locomotive engines, 59. Cars— passenger, 39 ; bag-
gage, mail and express, 21 ; freight (box, 836 ; platform, 1,090 ; stock, 50 ; charcoal, 7 ;
caboose, 41), 2,024 ; service cars, 11 ; special, 2 — total cars, 2,997. Of above 400 box, 400
platform and 50 stock cars were acquired by car trust.
Operations for year ending December 31, 1886. — Train mileage — passenger, 692,172 ;
freight, 986,975 ; other, 449,725— total, 2,128,872 miles. Passengers carried, 867,744; carried
one mile, 26,458,750 ; average mile rate, 2.45 cents. Tons freight moved, 907,454 ; moved
one mile, 116,952,107 ; average ton-mile rate, 1.14 cents.
EariiinKS.-Passenger $648,023 00
Freight 1,330,48782
Mail 37,17944
Express 28,289 16
Miscellaneous 25,567 4'5
Total ($5,128.99 per mile) $2,069,546 S5
Expenses.— Transportation $406,261 71
Motive Power 3411,'Jtii 2-1
Maintenance of Cars 161 ,073 46
Maintenance Way & Buildings. 288,248 72
General and Taxes" 133,316 28
Total ($3,818.12 per mile) $1, £38,862 41
Net earnings (35.31 per cent.), $730,684.44 ; interest received, $28,579.93— net income,
$759,264.37. Payments shown in Income Account.
448
POOES MANUAL — GRAND EAPIDS AND INDIANA RR. CO.
Grand Rapids and Indiana RR. Co. — Income Account for 1886.
Gross Earnings $2,098,126 78
Gross Expenses 1,338,862 41— $759,264 37
Prop'n of Mack. Trans. Co.'s Profits 1,328 76
Deduct— Losses on leased lines for 1886 :
Advances to C., R. & F.W. RR. $12,781 20
Bay View, Little Traverse and
Mackinaw 2,787 16
Interest on Advances to I!., R.
&P.W.RR 15,23738—
$760,593 13
Deduct— Interest Payments :
12 m. on F. M. bonds 70,70000 & F. W. RR 15,23738- 30,80574
12m. on F. M. land grant
bonds 30,17000
12m. on I'd grant guar. bonds 275,380 00
12 m. on 6 p. c. bonds 162,00000
12 m. on 5 p. c. bonds 160,85000
12m. on Mackinaw Loan... 16,50000—715,60000 0
Surplus carried to Credit of Profit and Loss
Surplus $44,99313 Account $14,18739
Profit and loss Account, December 31, 1886.— Deficit, January 1, 1885, $2,455,864.06 »'•
past due coupons, $9.45 — total, $2,455,873.51. Surplus for year, $14,187.39; balance, Decem-
ber 31, 1886, $2,441,686.12— total, $2,455,873.51.
General Balance Sheet, December 31, 1886.
Road, Equipment, etc $13,921,041 14
Stocks and Bonds 50,488 48
Cash on Hand 208,991 55
Bills Receivable 642 43
Materials and Fuel 113,167 95
Current Accounts 230,591 72
Profit and Loss 2,441,686 12
Total Assets.
Capital Stock $4,985,081 22
Funded debt 11,292.000 00
Mackinaw Loan 275,000 00
Accounts Payable 198,76066
Bond and Mortgage on Real Estate 39,500 00
Current Accounts 32.857 51
Coupons Unpaid, including Jan. 1, 1887... 143,410 00
Total Liabilities $16.966,609 39
Funded debt consisted, December 31, 1886, of —
1st mtg. (Ft. Wayne to Petosky) 7 p. c. 30-year coupon $1,000 b'ds, due Oct. 1, 1899, int. Apr. and Oct. . .$1,010,000
1st mtg. land grant (Ft. Wayne to Petosky) 7 p. c. 30-year coup. $1,000 b'ds, due Oct. 1, 1899, int. A. & O. . 431,000
1st mtg. 1'nd gr. guar. (Ft. Wayne to Petosky) 7 p. c. 30-yr. coup. $1,000 b'de. due Oct. 1,1899, int. J. & J.. 3.934.000
6 p. c. mtg. (Ft. Wayne to Bay City, excl. Manistee br.) 15-yr. coup. $1,000 b'ds, due Aug. 1, 1899, in.M.&N 2,700,000
5 p. c. mtg. (F. W. to B. C., excl. Hanisi.ee br.) 40-yr. $1,000 b'ds, cpn. or reg., due Sept. 1, 1924, int. M. &S. 3,217,000
The finst mortgage land grant guaranteed bonds were originally guaranteed by the
Pittsburgh, Fort Wayne and Chicago Ry. Co., and are now guaranteed by the Pennsylvania
RR. Co., lessee of the P., F. W. & C. Ry., which buys the coupons each year if any remain
unpaid or unprovided for. The company has in the hands of trustees of its sinking fund
about $1,000,000 proceeds of sales of land applicable to the redemption of its land grant
bonds at maturity or when obtainable at 110. The 6 per cent, bonds of 1899 were issued to
liquidate the floating debt incurred in building the Mackinaw extension, and to pay amounts
due the Pennsylvania RR. Co. for advances, etc. The authorized issue is $3,000,000, of
which $300,000 are held as collateral for the Mackinaw loan. The authorized issue of 5
per cent, consols is $13,000,000, of which $8,375,000 are held for retirement of the other
issues, and $1,408,000 for improvements and betterments. Trustees : John E. Davidson,
Wm. H. Barnes, Pittsburgh, Pa.; Conrad Baker, Indianapolis, Ind.
Annual meeting first Wednesday in March ; books close ten days prior thereto. First
mortgage bonds listed on New York Stock Exchange. Trustees of bonds : Six and five per
cent, mortgage, John E. Davidson and William H. Barnes, Pittsburgh, Pa., and Conrad
Baker, Indianapolis, Ind.; seven per cent, mortgage, George W. Cass, New York, N. Y.,
and Philadelphia Trust, Safe Deposit, and Insurance Co., Philadelphia, Pa. Registrar of
stock, J. H. P. Hughart, Grand Rapids, Mich. Interest payable at Winslow, Lanier & Co.,
New York.
Statement of mileage of main and operated lines, sidings, etc.:
NAME or COMPANY.
1st Track,
(miles.)
Sidings,
(miles.)
Total
Track,
(miles.)
Steel Rail,
(miles.)
Grand Rapids and Indiana RR. and branches
403 50
74.77
478.27
346.00
Cincinnati, Richmond and Fort Wayne RR. . . • ....
85 60
10 75
96 35
27.00
Traverse City ....
26 00
2.02
28.02
Bay View, Little Traverse and Mackinaw RR *.. . .
5.70
t).33
6.03
Muskegou, Grand Rapids and Indiana RR
36 76
3.14
39.90
Total
557 56
91 01
648.57
373.00
POOR'S MANUAL — GRAND RAPIDS AND INDIANA RR. CO.
449
Statement of operations, etc., yearly for seven yeara ending December 31, 1886 :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
332.10
362.79
79.33
40
23
11
1,155
529J17
520,963
550,8^3
17,823,880
418,668
51,267,197
$
1,345,134
912,489
332 50
380.54
116.97
42
25
11
1,521
544,185
650,974
668,429
21,309,396
540,251
69,801,159
$
1,692,754
1,216,009
832.50
292.01
152.00
47
25
12
1,083
549,052
710,208
7.W.H18
24,661,483
612,610
79,316,473
$
1,940.570
1,377,679
354.65
407.85
199.00
52
81
16
1,666
681,317
81S.297
937.183
28,882,854
734,571
93,283,242
$
2.260,291
1,678,237
362.36
424.60
247.03
66
86
18
1,991
637,673
961,621
945,313
30,314,507
748,048
101,826,489
$
2,332,134
1,678,939
396.47
405. 83
888.60
M
40
20
2,008
683.891
966,788
913,181
26,222,204
768,018
100,197.431
$
2,116,299
1,502,579
403.50
478.51
846.00
66
41
21
2,014
701,947
909,189
«)5,768
24,450,155
767,966
99,991,291
1
1,946,143
1,342,428
401.60
478.27
846.00
69
89
21
I4M
693,172
986,975
867,744
26,458,750
907,454
lit :,;,;.'. 107
8
2,098,126
1,888,862
Miles of Track
Miles of Steel Kail
Locomotive Engines
Passenger Cars
Baggage, Mail, etc., Cars. . .
Freight (= 8-wheel) Cars. . .
Passenger Train Miles
Freight Train Miles. ..
Passengers Carried
Passenger Miles
Freight (tons) Moved. .
Freight (ton) Miles
Gross Receipts ...
Expenses, Taxes, etc
Net Traffic Earnings
432,fi45
476,745
562,890
582,054
653,195
613,720
603,715
759.264
1,329
760,593
731037
15,568
+ 14.187
Other Receipts
Available Revenue
Total Interest Liabilities...
Leased Lines Deficits
432,645
517,651
476,745
511,981
562.890
499,785
582,0.-)4
525,604
7,271
+ 49.179
653,195
507,159
25,914
+ 120.122
613,725
440,6*9
33,497
+ 139.534
603,715
728,438
15,925
— 140.698
Balauce (+ or — ) —
-85.006
-35236
+ 63.104
Interest, as above, was paid as follows :
Net "Rev j «• »• & Ind.RR.
:NetRev..-jc R & F. RR.
G. R., I. andM. RR
381,270
26,320
476,745
24,385
479,925
19,860
603,968
12,011
9,625
475,898
12,011
19,250
408.654
32,785
19,250
714.100
14,388
715.600
15,237
By Peim. RR. Co.Guarantor
110,061
10,851
Total Interest
517,651
511,981
499,785
525.604
507,159
440,689
728,438
730.837
Gross Earnings per Mile*. . .
Gross Expenses per Mile*. .
Net Earnings per Mile*
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. . .
Capital Stock
4,051 61
2,748 46
1,302 15
67.84 p. c.
2.63 c.
1.55 c.
$
2800000
5,098 66
3,662 68
1,435 98
71. 84 p. c.
2.65 c.
1.47 c.
$
4 985,081
5,836 30
4,143 39
1,692 91
71 p. c.
2.58 c.
1.52C.
$
4,985,081
6,373 30
4,732 09
1,641 21
74.25 p. c.
2.68 C.
1.49C.
$
4.9S5,081
6,4,35 96
4,633 34
1,802 62
71. 99 p. c.
2.61 c.
1.40 c.
$
4,985,081
5,253 49
3,789 89
1,463 60
72.14 p. c.
2.54 c.
1.32 c.
$
4,985,081
4,756 76
3,3i6 96
1,429 80
69.94 p. c.
2.49 c.
1.22 c.
8
4,985,081
5,128 99
3,318 12
1.810 87
64.69 p. c.
2.45 c.
1.14C.
8
4,985,081
Funded Debt . .
8,000000
8,000,000
8,000,000
8,000,000
8,000,000
11,292,000
11,292,000
11,292,000
Bills Payable
336 840
336 840
336,840
444,668
444,668
Mackinaw Loan
275,000
275,000
275000
Accounts Payable
93,102
107,671
149,514
194,327
153.401
544,742
142,068
198.761
Bond and Mortgage
20.000
27,500
27,500
27,500
27,500
89,500
Accounts Current
37,926
16,237
24,782
22,465
25,766
177,779
179,656
32,857
1 865 819
1 865 574
2,004,166
2,008,191
2,312,866
143,410
Total Liabilities
14.133,687
15,311,403
15,520,383
15,682,232
15,949,283
16,902,102
16,901,305
16,966,609
Railroad
9.879.189 I
Equipment
1'212'896 )
Construct1!! G R I & MRR
113 060
111 690
49,558
49,558
50,488
Materials and Supplies. . .
Bills Receivable
60,008
2,432
84.052
1,883
91,787
1,888
124,860
2,203
129,586
542
146.945
70,304
99,490
1,005
113,168
642
Accounts Current
157,827
116,802
222,573
172,571
279,390
224,243
277,116
230,592
Cash and Cash Items
176,947
162,026
320,606
340,307
605.901
373,703
225,089
208,992
Sink F'd G R I &M RR
13,064
Income Account
1,644,387
1,679,623
1,616,517
1,662,215
1,542,093
2,315,132
2,455,864
2,441,686
Total Assets
13,133,687
15,311,403
15,520,383
15,682,232
15,949,283
16,902,102
16,901,305
16,966,009
' Calculated on gross traffic earnings, excluding receipts from interest, etc.
Statement showing the result of operations of all lines, owned and operated :
Gross
Earnings.
Operating
Expenses.
Net
Earnings.
Interest
Payments.
Balance.
$2,098,12678
883,585 53
41,880 62
5,660 91
$1,338,86241
280,039 73
34,288 48
8,44807
$759.264 37
103,545 80
7,592 14
Df. 2,787 16
$715,600 00
171,711 65
7,500 00
1,50000
S. 44,99313
Df. 68,165 85
S. 92 14
Df. 4,28716
Cincinnati, Richmond and Fort Wayne RR
Traverse City RR
Bay View, Little Traverse and Mackinaw RR —
Total .
$2,529,25384
$1,661,63869
867,615 15
$896,311 65
Df. 27,867 74
The Muskegon, Grand Rapids and Indiana RR., from Grand Rapids to Muskegon, 86.76
miles, was completed toward the close of 1886 and leased to this company.
29
4:50 POOR'S MANUAL OF EAILEOADS.
To provide the means for building this line there were issued $750,000 40-year $1,000
coupon bonds, due July 1, 1926, and bearing interest at the rate of 5 per cent, per annum,
payable semi-annually, January and July. Principal and interest payable in gold free of all
State and United States taxes. These bonds are a direct obligation of the Grand Rapids and
Indiana RR. Co., and to provide additional security that company agrees to set apart each half
year 20 per cent, of its gross earnings over the Muskegon Division to be applied to payment
of interest on the Muskegon Division bonds accruing during such six months, should any
deficiency arise in the earnings of the Muskegon Division applicable thereto.
Land Grant. — The company has two land grants, amounting in the aggregate to 1,160,000
acres, of which 852,960 acres had been certified up to December 81, 1883. Sales in the year
ending December 31, 1883, 22,650 acres for $225,040. Average price per acre since January
1, 1883, $9.94, a decrease from previous years' gales of $3.87 per acre.
Directors (elected March 2, 1887).— W. 0. Hughart, H. J. Hollister, W. R. Shelby, Grand
Rapids, Mich.; J. G. Wait, Sturgis, Mich.; J. N. McCullough, Thomas D. Messier, Win.
Thaw, Pittsburgh, Pa.; John P. Green, Geo. B. Roberts, Henry H. Houston, Philadelphia,
Pa.; Chas. F. Muhler, Fort Wayne, Ind.; 8. S. Cobb, F. B. Stockbridge, Kalamazoo, Mich.
W. 0. HUGHART, President and General Manager Grand Rapids, Mich.
W. R. Shelby, Vice-President, Treas. and Purch. Agt. Grand Rapids, Mich.
Secretary— J. H. P. Hughart Grand Rapids, Mich. | Auditor— F. A. Gorham Grand Rapids, Mich.
PRINCIPAL OFFICE AND ADDRESS Grand Rapids, Mich.
Transfer Agents Winslow, Lanier & Co., 26 Nassau St., New York City.
GRAND RAPIDS TRANSFER AND JUNCTION RAILROAD COMPANY.
Line of Road. — In City of Grand Rapids, Mich 1 mile.
Gauge, 4 ft. 8| in. Rail, 56 Ibs.
History.— Chartered February 22, 1882 ; road opened June 1, 1882. This road is de-
signed as a belt line to connect the different roads centering in the city of Grand Rapids,
Mich. It is controlled and operated by the Chicago and West Michigan Ry. Co.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $5,000. Contra :
Cost of road, $4,167.97 ; cash, $832.03— total, $5,000.
Annual meeting, first Tuesday of June.
Directors.— F. B. Wallin, Wm. Bentley, Charles Bentley, I. W. Stone, Grand Rapids,
Mich. ; Adrian C. Zwimer, Saugatuck, Mich.
F. B. WALLIN, President Grand Rapids, Mich.
I. W. Stone, Secretary and Treasurer Grand Rapids, Mich.
PRINCIPAL OFFICE AND ADDRESS Grand Rapids, Mich.
GRAND TOWER AND CARBONDALE RAILROAD COMPANY.
Main Line of Road.— Grand Tower, 111., to Carbondale, 111 24.2
Garrison BrancJi : Mt. Carbon, 111., to Garrison Shaft 2.0—26.2 miles.
Sidings, 6 miles. Gauge, 4 ft. 8| in. Rail (steel, 9 miles), 48 and 56 Ibs.
History. — The Mount Carbon Coal Co. was chartered January 24, 1835 ; charter amended
changing name to Mt. Carbon Coal and Railroad Company, February 6, 1861. Main line
opened from Grand Tower to Mount Carbon in 1866, and completed to Carbondale in 1868.
Name of company changed to Grand Tower Mining, Manufacturing and Transportation Co.,
April 9, 1869. The Grand Tower and Carbondale RR. Co. was incorporated March 10, 1882,
and purchased the railroad and property of the Grand Tower Mining, Manufacturing and
Transportation Co. The receiver of the St. Louis Ore and Steel Co., which company owns
this road, built the Garrison Branch under order of the court, opening it for business De-
cember, 1885.
POOR'S MANUAL OP KAILROADS. 451
Rolling Stock, June 80, 1886. — Locomotive engines, 0. Cars— passenger, 2 ; freight
(box, 4; platform, 5; coal [5-ton, 4- wheel, 175; 12-ton, 4-wheel, 106], 281; other, 14), 304—
total, 306.
Operations for year ending June 30, 1886.— Train mileage not reported. Tons freight
moved, 112,795. Earnings— passenger, $8,929.42 ; freight, etc., $87,095.10— total ($1,756.66
per mile), $46,024.52. Operating expenses and taxes, $48,111.57. Net earnings, $2,912.95;
deficit from last year, $11,448.07— balance, deficit, $8,5:j5.12. Add amount expended for
additional equipment, $1,395— total deficit, $9,930.12.
Financial Statement, July 1, 1886. -Capital stock ($100 shares), $50,OOQ ; funded debt,
first mortgage, 7 per cent. 20-year bonds, due October 1, 1903, interest payable April and Oc-
tober, $600,000— total stock and bonds, $650,000. Cost (purchase) of road, $45,000.
Directors (elected March).— B. A. Hitchcock, St. Louis, Mo.; B. B. Brounley, J. D.
Peters, Grand Tower, 111.; Le Grand B. Cannon, New York, N. Y.; J. C. Simpson, Carbon-
dale, 111.
J. C. SIMPSON, President and Superintendent Carbondale, 111.
E. A. Hitchcock, Receiver St. Louis, Mo.
Secretary and Treasurer— 3 os. D. Peters Grand Tower, 111.
PRINCIPAL OFFICE AND ADDEESS Grand Tower, I1L
Transfer Office St. Louis, Mo.
GRASS LAKE AND MANISTEE RIVER RAILROAD COMPANY.
Main Line of Road. — Grass Lake, Mich., to Manistee River 8.0
Branch 1.5—9.5 miles.
Gauge, 3 feet. Rail, 30 Ibs.
History.— Chartered February 4, 1886 ; road opened September 3, 1886. This road is
used exclusively for logging purposes.
Rolling Stock. — Locomotive engines, 1. Logging cars, 20.
Operations ending December 31, 1886.— Train mileage (freight), 3,536 miles. Earnings
(freight), $6,812.24. Expenses, $6,812.24.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $28,700 ; current
accounts, $9.85 — total, $Ji8, 709.85, representing cost of road.
Annual meeting in December.
Directors (elected December 538, 1886). — S. Babcock, M. Engelman, F. R. Babcock, Gua
Kitzniger, Manistee, Mich. ; Otto Kitzniger, Milwaukee, Wis.
S. BABCOCK, President and General Manager Manistee, Mich.
Otto Kitzniger, Vice- President Milwaukee, Wis.
Secretary— F. R. Babcock Manistee, Mich. | Treasurer— Gas Kitzniger Manistee, Mich.
PBINCIPAL OFFICE AND ADDBESS Manistee, Mich.
GREEN BAY, WINONA AND ST. PAUL RAILROAD COMPANY.
Main Line of Road.— Green Bay, Wise., to Marshland, Wise 209.30
La Crosse Branch : Onalaska to La Crosse 6.50
Leased : Green Bay, Stevens Point & N. ER. : Plover to Stevens Point. 6.00—221.80 miles.
Sidings and other tracks, 15 miles. Gauge, 4 feet 8£ in. Rail (steel, 60 miles), 52 and 56 Ibs.
The company uses, under contract, the tracks of the Chicago and Northwestern RR., from
Marshland to Onalaska, 23.2 miles, and from Marshland to Winona, 4.6 miles. The Green
Bay, Stevens Point and Northern RR. is practically owned by this company.
History. — Chartered under the name of Green Bay and Lake Papin RR. Co., April 12,
1866. Reorganized as Green Bay and Minnesota RK. Co. September 5, 1873. Main line opened
December 18, 1873. Road sold under foreclosure January 20, 1881, and company reorganized
under present name October 14, 1881. On February 1, 1885, default was made in payment
of first mortgage bond interest, and on March 24th following the trustee took possession and
operated the road as receiver till October, 1886, when the road was restored to the company,
452 POOR'S MANUAL OF RAILROADS.
an agreement having been made with the bondholders whereby three coupons from Febru-
ary, 1885, were funded in new 6 per cent, bonds and the August, 1886, coupon paid in cash.
Rolling Stock, June 30, 1886. — Locomotive engines, 19 ; cars — passenger, 8 ; baggage,
mail and express, 5 ; freight (box, 860 ; platform, 92 ; stock, 5 ; caboose, 5), 462 ; service
cars, 6 — total cars, 481.
Operations for year ending June 30, 1886 (249.6 miles). — Train mileage — passenger,
183,595 ; freight, 186,765 ; other, 50,170— total, 420,530 miles. Passengers carried, 82,169 ;
carried one mile, 2,618,199; average mile rate, 3.54 cents. Tons freight moved, 137,435;
moved one mile4 12,018,878 ; average ton-mile rate, 1.85 cents.
Earnings.— Passenger $92,599 35
Freight 222,927 57
Mail 13,083 00
Express 3,241 20
Miscellaneous 7,170 85
Total ($1,354.25 per mile) $338,021 97
Expenses.— Transportation $77,231 43
Motive Power 19,53551
Maintenance of Cars. 20,848 11
Maintenance Way and Buildings 89,528 73
General 50,41363
Total ($1,031.88 per mile) $257,557 41
Net earnings (23.80 per cent.), $80,461.56 ; rental received, $3,448.24— total available
revenue, $83,912.80. Payments: Interest on bonds, $4,900; rentals, $17,861.09; other pay-
ments, $13,442.14— total, $36,203.23. Surplus, $47,709.57.
General Balance Sheet, June 30, 1886.
Cost of Road and Equipment $15,381,000.00
Accrued Interest on Bonds 122,133 34
Other Asset* and Accounts 15,629 58
Sundry Balances 19,432 45
Bills Receivable 7,702 09
Materials and Supplies 40,789 00
CushBalance 47,206 75
Total Assets $15,633,893 21
Common Stock Paid in (par, $100) $8,000,000 00
Preferred Stock Paid in (par, $100) 2,000,000 00
Funded Debt Outstanding 5,381,000 00
BillsPayable 38,81360
Unpaid Coupons 122,133 34
Pay Rolls and Balances 21,081 96
Income Account 70,864 31
Total Liabilities $15,6*3,893 21
The preferred stock is entitled to dividends of not exceeding 7 per cent., non-cumulative,
after payment of interest.
The funded debt consists of $1,600,000 1st mortgage 6 per cent. $1,000 30-year bonds, due
February 1, 1911, interest payable February and August ($8,000 per mile); $3,781,000 2d
mortgage income 8 per cent., if earned (non-cumulative), 30-year $1,000 bonds, due May 1,
1911, interest payable May and November ($18,000 per mile). At the time of preparing this
statement (May, 1887) there had been issued under the terms of the agreement, referred to
above, $280,830 funded coupon bonds, due August 1, 1906, and bearing interest at rate of 6
per cent, per annum, payable February 1 and August 1.
Annual meeting held at Green Bay, Wis., on first Wednesday in June. Books close thirty
days prior to, and re-open immediately after the meeting. Interest on bonds payable at office
of trustee, Farmers' Loan and Trust Co., New York, N. Y. Second mortgage bonds have vot-
ing power. Registiar of Stock, Farmers' Loan and Trust Co. ; Transfer Agent, the Secretary
of the company. Stock and bonds listed on the New York Stock Exchange.
Directors.— Samuel Sloan, Percy R. Pyne, E. F. Hatfield, Wm. S. Sloan, Theodore
Sturges, B. G. Clark, New York, N. Y. ; John I. Blair, Blairstown, N. J.; W. J. Abrams,
R. B. Kellogg, Green Bay, Wis. ; W. C. Lamed, Chicago, 111.
SAMUEL SLOAN, President New York, N. Y.
Secretary and Treas.— Theo. Sturges.. New York.N.Y. | General Manager— Gavin Campbell.... Green Bay, Wis.
Auditor and C'ashter—F. W. Froemke Green Bay, Wis.
PRINCIPAL OFFICE AND ADDKESS Green Bay, Wis.
HANCOCK AND CALUMET RAILROAD COMPANY.
Main Line of Road. — Hancock, Mich. , to Allouez, Mich 17.86 miles.
Lake Linden Branch : Junction to Lake Linden 2.50 miles.
Total length of road owned 20.36 miles.
Sidings, etc., 6.15 miles. Gauge, 3 ft. Rail (steel), 35 and 50 Ibs.
POOR'S MANUAL OF RAILROADS. 453
History. — Chartered January 14, 1885. Main line from Hancock to Calumet, 14.2 miles,
and the Lake Linden Branch opened December 1, 1885 ; main line extended to Allouez, and
opened for freight, December 1, 1886, and for passengers March 12, 1887. A controlling in-
terest ($250,000 stock) in this road was acquired by the owners of the Mineral Range road in
March, 1886, and the road was turned over to them February 26, 1887.
Rolling Stock, December 31, 1886. — Locomotive engines, 4. Cars — passenger, 4 ; bag-
gage, mail and express, 1 ; freight (box, 14; platform, 28 ; ore, 40), 82; service cars, 24 —
total cars, 111.
Operations for year ending December 31, 1886.— Train mileage — freight, 19,300 ; mixed,
11,410; other, 2,500 — total, 33,210 miles. Passengers carried, 32,024; carried one mile,
295,621 ; average mile rate, 4.10 cents. Tons freight moved, 252,707 ; moved one mile, 1,-
738,182 ; average ton-mile rate, 3.70 cents. Earnings— passenger, $12,127.95 ; freight, $64,-
248.50; other, $4,752.16— total ($3,984.71 per mile), $81,128.61. Expenses^transportation.
$27,075.90 ; motive power and cars, $9,259.45 ; maintenance of way and buildings, $10,891.25 ;
general, $4,761.94— total ($2,553.46 per mile), $51,988.54.
Net earnings (35.92 per cent.), $29,140.07 ; add other receipts, $1,860.88— total available
revenue, $31,000.95. Paid interest on bonds, $15,000. Balance, surplus, $16,000.95 ; sur-
plus from last year, $1,697.07— total surplus, $17,698.02.
General Balance Sheet, December 31, 1886.
Cost of Road and Real Estate $649,980 57
Cost of Rolling Stock 58,37237
Materials and Fuel on Hand 3,065 19
Current Accounts 8,158 81
Cash on Hand 2,692 92
Total Assets $722,269 86
Capital Stock (par, $100) $350,000 00
Funded Debt Outstanding 250,000 00
Bills Payable 95,568 62
Current Accounts 9,003 22
Profit and Loss 17,698 02
Total Liabilities $722,269 86
Funded debt consists of 1st mortgage 6 per cent, coupon $1,000 bonds, dated April 15,
1885, due June 1, 1901, interest payable June and December at Boston, Mass. Trustee :
Charles Van Brunt, Boston, Mass. Annual meeting, second Tuesday in July.
Directors (elected February 26, 1887).— Henry S. Ives, George H. Stayner, Christopher
Meyer, Harvey S. Ogden, Thomas Moore, New York, N. T. ; John Daniell, Opechee, Mich.
HENRY S. IVES, President New York, N. Y.
Christopher Meyer, Vice- President New York, N. Y.
Secretary and Treas.—'R. S. Ogden. . . .New York, N. Y. | General Manager— C. A. Wright Hancock, Mich.
PRINCIPAL OFFICE AND ADDRESS Hancock, Mich.
HECLA AND TORCH LAKE RAILROAD COMPANY.
*!„:„ TS«« , ~r-D A ( Hecla Mine to Incline ..4.00
Mam Lines of Road.- -|Inc]inetoLakeLinden 2 ()0
Calumet Branch, 0.5 ; Hecla Branch, 1 1.50 — 7.50 miles.
Gauge, 4 ft. 1 in. Rail (steel), 46 Ibs. per yard.
History. — Chartered March 8, 1868 ; road opened in October, 1868. This road is oper-
ated and almost wholly owned by the Calumet and Hecla Copper Mining Co., which pays any
deficit that may occur for the privilege of having its ore transported free.
Rolling Stock. — Locomotive engines, 7. Cars — passenger, 1 ; freight (box, 4; platform,
88 ; ore, 190), 232. Also, 8 service cars.
Operations for year ending December 31, 1886. — Trains run (freight), 38, G95 miles. Tons
of freight moved, 661,990 ; moved one mile, 4,964,925. Gross earnings (freight), $75,221.12.
Operating expenses, $75,221.12.
Financial Statement, December 31, 1886.— Capital stock (par-value, $100), $100,000 ;
bills payable, $293,432.79— total, representing cost of road and equipment, $393,432.79.
Annual meeting, third Wednesday in June.
Directors (elected June 15, 1886). — Alexander Agassiz, Cambridge, Mass.; Quincy A.
454 POOR'S MANUAL OP RAILROADS.
Sbaw, West Roxbury, Mass.; EL L. Higginson, CLanning Clapp, Boston, Mass.; James A.
Wright, Calumet, Mich.
ALKXANDER AGASSIZ, President Boston, Mass.
Treasurer— C. W. Scabury Boston, Mass. | Secretary— H. K. Cole Calumet, Mich.
Oenenil Superintendent— W. A. Childs Calumet, Mich.
PRINCIPAL OFFICE AND ADDHESS Calumet, Mich.
Transfer Office.. Boston, Mass.
HOBART AND MANISTEE RIVER RAILROAD COMPANY.
Line of Road. — Hobart, Mich., to Manistee River, Mich 9.24 miles.
Sidings, spurs, etc., 10 miles. Gauge, 3 ft. Bail (steel, 8 miles), 40 Ibs.
History. — Chartered July 19, 1879 ; road opened September 1, 1879. Used exclusively
as a lumber road. The annual meeting is held on the third Wednesday in July.
Rolling Stock. — Locomotive engines, 2. Cars — platform, 6 ; log, 36.
Operations for year ending December 31, 1886. — Trains run (freight), 15,000 miles. Tons
of freight moved, 94,192; moved one mile, 659,344. Earnings, $23,548.70. Expenses, $22,-
660.96. Net earnings, $887.74. Deficit from last year, $14,586.36; deduct, $887.74— total
deficit, $13,998.62.
Financial Statement, December 31, 1886. — Capital stock, $60,000 ; current accounts,
$54,914.82— total, $114,914.82. Contra : Construction, $55,716.76 ; equipmeut. $22,000 ; ma-
terials and supplies, $23,199.42'; profit and loss, $13,998.62.
Directors (elected July 20, 1886).— John Canfield, Edward D. Wheeler, Richard G. Peters,
A. 0. Wheeler, Manistee, Mich.; Henry W. Marsh, Hobart, Mich.
JOHN CANFIELD, President Manistee, Mich.
Treasurer— E. D. Wheeler Manistee, Mich. | Gen. Superintendent— K. W. Marsh Ilonart, Mich.
PRINCIPAL OFFICE AND ADDRESS. s Manistee, Mich.
HOPKINS RAILROAD COMPANY.
Line of Road. — Burlington, la., to Golconda, 111 300 miles.
Gauge, 4 ft. 8£ in. Rail, 56 Ibs. per yard.
History. — Chartered as Burlington and Ohio River RR. Co., September 19, 1881, and
road graded between Gillespie and Scottsville, III. ,30 miles, and 3 miles of track laid. Work
abandoned by the contractors in December, 1882. Road sold under foreclosure early in 1884,
and the present company organized with a capital of $80,000. Road not in operation.
Directors (elected March, 1884). — James Walker, Scottsville, 111.; Conrad Garis, William
F. Garis, Carlinville, 111.; H. S. Hopkins, Win. McCulley, St. Louis, Mo.
JAMES WALKER, President Scottsville, 111.
W. C. Shirley, Vice-President Stauntou, 111.
Chiff Engineer— W. F. Garis Carlinville, 111. I Treasurer— Milton McClure Carlinville, 111.
Traiwfer Agent— J. A. McClnre, Jr Carlinville, 111. | Secretary— L. C. Glesener Carlinville, 111.
PRINCIPAL OFFICE AND ADDRESS Carlinville, 111.
ILLINOIS CENTRAL RAILROAD COMPANY.
Main Lines of Road. —
Central 1i.R • \ C^ago, III., to Cairo, 111 .................... 364.73
Lential RR. . -
Centrlia> m ; to Dllbuquei Ia ............... 340.77- 705.50 miles.
C., St L. & N. 0. Rtt. : Cairo, 111., to New Orleans, La ..................... 547.30 milea.
f Springfield Division : Oilman to Springfield, 111 ............... 111.47
31/iVM/, ( Otto to Normal Junction, 111 ................ 79.46
7K,7- 1 Buckingham to Tracy, 111 .................. 10.00
( Kempton June, to Kiuikakee June., Ill ....... 41.80—131.26
South Chicago Branch : Parkside to South Chicago, 111 4.76
Aberdeen Division, : Durant to Aberdeen, Miss 106.26
V/M,/» /•,-,/-;; • J Jackson to Parsons, Miss 115.69
L I{ ' ( Durant to Tchula, Miss 24.67—140.36— 494.11 miles.
Total length of lines owned 1,746.91 miles.
POOR'S MANUAL— ILLINOIS CENTRAL RR. CO. 455
LEASED LINES IN IOWA :
f. and Sioux City RR. : Dubuque to Iowa Falls, la 142.89
Iowa Falls and Sioux City RR : Iowa Falls to Sioux City, la 183.69
Cedar Falls and Minnesota RR. : Cedar Falls to Mona, la 75.58 — 402.16 miles.
Total owned and leased December 31, 1886 2,149.07 miles.
ACQUIRED BY PURCHASE SINCE DECEMBER 31, 1886 :
Havana, Rantoul and Eastern RR.: West Lebanon, Ind., to Leroy, 111. 76.00
Chicago, Havana and Western RR.: Champaign to Havana, 111.;
White Heath to Decatur, 111. ; and bridge at Havana, 111 131.00— 207.00 miles.
Total length of lines owned and leased February 1, 1887 2,356.07 miles.
2d, 3d, 4t,h, 5th and 6th tracks, 96.02 miles. Sidings, 355.50 miles. Gauge, 4 ft. 3| in. Rail
(steel, 1,903.93 miles), 60 Ibs.
Included in the above mileage are the following lines which are virtually owned but
nominally operated under lease: The Chicago, St. Louis and New Orleans RR. (547. 30 miles),
the Chicago and Springfield (111.47 miles), the Kankakee and Southwestern RR. (131.26
miles), the South Chicago Ry. (4.76 miles), the Canton, Aberdeen and Nashville RR., and
Kosciusko Branch (106.26 miles), the Yazoo and Mississippi Valley (140.36 miles) — a total of
1,041.41 miles. Add the leased lines in Iowa, 402.16 miles— total of all leased lines, 1,443.57
miles. N
History. — The Illinois Central RR. Co. was chartered February 10, 1851, by the State of
Illinois, which conveyed to it the lands granted to the State by an act of Congress, approved
September 20, 1850, " Granting the right of way and making a grant of lands to the States of
Illinois, Mississippi and Alabama in aid of the construction of a railroad from Chicago to Mo-
bile." Under its charter the company must pay to the State, in lieu of all other taxes, seven
per cent, of the gross earnings of the original line. The whole of the original road was com-
pleted and opened September 26, 1856.
The Oilman. Clinton and Springfield RR. Co. was reorganized'in 1877 under the title of
Chicago and Springfield, with a capital stock of $25,000, and leased to the Illinois Central
RR. Co. for 50 years. Operations by the lessee were commenced January 1, 1878; rental, 6
per cent, on $1,600,000 bonds. The road is virtually the property of the lessee.
The Illinois Central Company leases the Dubuque and Sioux City and the Iowa Falls and
Sioux City RRs. for 20 years from October 1, 1867, paying as rental 36 per cent, of the gross
earnings and all taxes and assessments upon the property. The Cedar Falls and Minnesota
was leased for 40 years to the Dubuque and Sioux City (and assumed until October 1, 1887,
by the Illinois Central Company), at a rental of $1,500 per mile; and, in addition, 35 per cent,
of the gross earnings between $3,500 and $7,000 per mile, and 30 per cent, on all earnings
over $7,000 per mile.
The company had in contemplation the building of a new road to Memphis, but instead
it purchased a majority of the stock and of each class of bonds of the Mississippi and Ten-
nessee RR. Co., whose road runs from Grenada. Miss., to Memphis, Tenn., about 99 miles,
and which with this company's line forms by 58 miles the shortest route between New Or-
leans and Memphis.
Under the charter of the Chicago, Madison and Northern RR. Co., this company is build-
ing a railroad from Chicago, 111., to Madison, Wis., about 170 miles. Work was begun
toward the close of the year, and will be completed in the fall of 1887.
In January, 1887, the company acquired clear title to the Champaign, Havana and West-
ern and the Havana, Rantoul and Eastern RRs., which were sold under foreclosure in Sep-
tember and October, 1886, respectively, and reorganized, the former taking the name of
Chicago, Havana and Western.
Since the close of the fiscal year the company has increased its capital stock $1,000,000,
which was issued to the shareholders at 136, and the proceeds credited to an improvement
fund for the purchase of two grain elevators at Chicago and of equipment for branch lines.
It is proposed to issue $10,000,000 more, making the capital stock $40,000,000, the proceeds
456
POOR'S MANUAL — ILLINOIS CENTRAL RR. CO.
to be used in purchasing a majority of the capital stock of the Dubuque and Sioux City RR.
Co., and of the Iowa Falls and Sioux City RR. Co., and in completing the Chicago, Madison
and Northern RR.
Rolling Stock, December 31, 1886.— Locomotive engines, 365. Cars— passenger, 195;
smoking, 33; Pullman sleepers (joint), 35; chair, 3; baggage and smoking, 5; baggage, mail
and express, 72; postal (6 joint), 18; pay, 2; business, 4; freight (box, 5,272; stock, 780;
stock and grain, 111; fruit, 338; refrigerator, 165; flat, 952; coal, 2,126; caboose, 183; pow-
der, 4), 9,931; service, etc., 91— total, 10,389.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $2,529,631 95
Freight 8,332,150 60
Mail 295,37522
Express 276,002 89
Rents and Miscellaneous 416,909 00
Inter-State Transfer, etc 679,423 49
Expenses.— Maintenance of Way $1,179,429 72
Maintenance of Structures, etc. 191,900 60
Maintenance of Equipment 1,116.1*7 4:i
Transportation 3,094.040 80
Salaries and Miscellaneous 959,14579
Taxes 575,458 86
Total ($5,867.49 per mile) $12,529,493 15 Total ($3,405.85 per mile) .$7,116,163 8
Net earnings (43.20 per cent.), $5,413,329.89. Paid rental leased lines in Iowa, $674,-
377.54. Net receipts from operations, $4,738,952.35.
Surplus Income and Investment Accounts.
Surplus Dividend Fund, December 31, 1885 $294,19007
Net Receipts from Operation of Railway in 1886 4,738,953 35
Net Receipts of Land Office 102,120 69
Net Receipts in New York— Interest, Dividends, Premium*, etc $313,343 25
Less— Fixed Charges of Branch Roads— see below for details 165,950 00— 147,393 25
Available Revenue from all Sources $5,282,656 36
Six per cent. Bond Coupons, April and October, 1886 $150,000 00
Sterling 5 per cent. Sinking Fund Bond Coupons, April and October, 1886 197,500 00
Sterling 5 per cent. Bond Coupons, June and December, 1886 50,000 00
Six per cent. Bond Coupon*, July. 1886, and January, 1887 96,000 00
Five per cent. Interest on Middle Division Bonds, February and August, 1886. 48,400 00
Three and one-half per cent. Interest on 1st Mortgage Bonds, July, 18S6, and Jan., 1887. 87,360 00
Four per cent, interest on 1st Mortgage Bonds, July, 1886. and January, 18rf7 60,000 00
Three and one-half percent. Sterling Bond Coupons, January, 1887 87,30000— 776,76000
Illinois Central Sterling Sinking Fund Bonds of 1903, drawn for Payment 50,000 00
Eight per cent. Miss. Central 2d Mortgage Bond Coupons, February, 1886 22,180 00
Eight per cent. N. O., J. & G. N. 1st Mortgage Bond Coupons, July, 1886 106,240 00
Eight per cent. N. O., J. & G. N. 2d Mortgage Bond Coupons, April and October, 1886. . 118,640 00
Seven per cent. C., St. L: & N. 0. 1st Mtge. Bond Coupons, May and November. 1886. . . 97,860 00
Six per cent. C., St. L. & N. O. 2d Mtge. Bond Coupons, June and December, 1886 4.800 00
Five per cent. C., St L. & N. O. Gold Bond Coupons, June 15 and December 15, 1886. . . 685,025 00
Dividends on Leased Lines Stock, July, 1886, and January, 1887 400,00000
Premiums Paid on Sterling Coupons, and Loss on Payment N. O., J. & G. N. Stg. B'ds. 69,668 81
Salaries of Trustees and Others 2,774 17— 1,507,187 98
Dividends, September, 188t>, and March, 1887, 3fc per cent, each 2,030,000 00
$4,363,947 98
Construction Account in Illinois $577,139 93
Construction Account Southern Division 38,786 18— 615,926 11
Total Payments $4,979,874 09
Balance Dividend Fund, December 31, 1886 $302,782 27
Statement of funded debt, December 31, 1886.
Character and Description of Bonds.
Date.
Interest.
Rate. Payable.
Principal
When Due.
Out-
standing.
Annual
Charge.
Illinois Central XR. Co. ($10,118,000):
Sterling Coupon Bonds, £500,000
Currency Coupon Bonds, Mig. on Spr. Dir.
Sterling Sinking Fund Bonds
Sterling Coupon Bonds .'
Reg. Currency I'.ouds. Mtg. on Mid. Div...
Sterling Coupon Bonds £1,000,000
First Mortgage Gold Bonds
First Mortgage Gold Bonds
Past Due and Called :
Sterling Sinking Fund Bonds
Construction Bonds
1875
1877
1874
1875
1881
April & Oct.
Jan. & July.
April & Oct.
June & Dec.
Feb. & Aug.
Jan. & July.
Jan. & July.
Jan. & July.
1874
1851
April 1, 1895
Jan. 1, 1898
April 1, 1903
Dec. 1, 1905
Aug. 1, 1921
1980
Jan. 1, 1951
Jan. 1, 1951
Called
Past Dae...
$2,500,000
1,600,000
3,900,000
1,000,000
968.000
5,000,000
1,500,000
2,490,000
$150,000
96,000
50.1101
•18.000
175,000
60,000
87,360
3.000
4,000
POOR'S MANUAL — ILLINOIS CENTRAL RR. CO.
457
Abstract of operations, capital account, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Road Operated.
Passenger Train Miles..
Freight Train Miles
Total Engine Miles
1,320.35
1,71 7,504
3,459,069
6,513,611
1,320.35
1.S3S.261
3,746,797
7,006,532
1,320.35
1,973,703
3,474,567
7,042,058
1,927.99
2,926,236
5,494,789
10,702,152
2,000.00
3,181,625
4,801,182
10,121.434
2,066.35
3,625,349
5,381,041!
11,227,043
2,089.39
3,510,086
5,824,040
11,619.353
2,753,544
4,008,047
4.340,211
4..354.033
4.848,140
5,312,759
6.112,110
Passenger Miles
63.30tt.528
82,Oti>s.-,'22
85,331,954
113,432,918
123,585.470
129,027,769
114,582,636
Av. Miles p. Passenger .
Av. Pass. Mile Rate
Freight (tons) Moved . . .
Freight (ton) Miles
22.99
2.51 c.
2,703,582
381.288.482
20.48
2.16 c.
2,875,838
386,035,424
19.66
2.39 c.
2,909,578
417.792,6.->2
26.02
2.42 c.
3,538,562
604,632,067
25.49
2.23 c.
3,454,085
577,542,93!)
24.29
2.21 c.
3,587,270
623,369.124
18.75
2.21 C.
4,051,823
719,928.008
Average Miles per Ton . .
Aver. Ton-Mile Rate
Earnings— Passenger
Freight. . .
141.30
1.54 c.
1,591,429
5,883,123
134.23
1.52 c.
$
1.775,721
5,875,649
143.59
1.42 c.
8
2,037,712
5,918,152
170.87
1.43 C.
8
2,747,22-J
8,664,959
172.19
1.37 c.
1
2,749,940
7,902,043
173.77
1.31 C.
8
2,852,439
8,145,920
177.68
1.16 c.
$
2,529,632
8.332.151
Mail and Express. . .
Other, Rents, etc ...
289,871
540,889
291,616
643,411
313,881
635,567
603,786
1,048,776
508,616
1,030,234
536,090
1,086,815
571.378
1,096,332
Gross Earnings
8,304,812
8,586,397
8,905,312
13,064.743
12,190,833
12,621 ,264
12,529,493
Way and Structures
Equipment
902,207
621,252
958.646
718,217
771,926
751,827
1,463,900
1,124,216
1,384,553
1,127,074
1,407,697
1.209,079
1,371,330
1. 116.187
Transportation
1,588.917
1,897,539
1,751,439
2,750,138
2,572,989
2,830,432
3,094,041
Salaries and General
Miscellaneous
292.345
268,250
294,759
289,006
311,605
411,769
547,899
549,118
543,859
500,036
587,923
591,498
583,138
376,008
Operating Expenses...
Net Traffic ^Earnings. . . .
Charter Tax State of 111.
Other Taxes
3,672,971
4,631,841
368,349
75,777
4,158,167
4,428,230
384,582
80,769
3,998,566
4,906,746
396,036
88,714
6,435,271
6,629,472
388,743
171,237
6,128,511
6,062,322
356,680
189,289
6,626,629
5,994.035
367,789
18N.285
6,540,704
5,988,789
878,715
196,744
Rentals, Leased Lines...
708,702
735,697
761,227
805,335
695,809
662,372
674.378
Total Taxes & Rentals
Net Traffic Revenue
Land Office— Net Rect's.
1,152,828
3,479,013
156,520
1,201,048
3,227,182
123,932
1,245.977
3,660,769
127,509
1,365,315
5,264,157
147,430
1,241,778
4,820,544
87,182
1,218,446
4,776,189
55,916
1,249.837
4,738.952
102,130
Total Available Rev . .
Interest on Bonds, etc . .
Dividends
3,635,533
672,600
1,740,000
3,351,114
668,300
2,030,000
3,788,278
531,000
2,030,000
5,411,587
2,074,954
2,900,000
4,907,726
2.088,407
2,320,000
4,832,105
2,075,101
2,320,000
4.841,082
2,333.948
2,030,000
Total Payments
2.412,600
2,698,000
2,561,000
4,974,954
4,408,407
4,395,191
4,303,948
Surplus
1,222.933
653,114
1,227,278
436,633
499,319
436,914
537,134
Gross Earnings per Mile.
Oper. Expenses per Mile
Net Earnings p. Mile
Expenses to Earnings...
Capital Stock
7,11046
4,00019
3,110 27
56.26 p. c.
8
29,000.000
7,333 94
4,526 47
2,80747
53.2 p. c.
8
29,000,000
7,49823
4,30792
3,19031
57.45 p. c.
8
29,000,000
6,776 32
3,337 79
3,43853
53. 54 p. c.
8
29,000,000
6,095 42
3,33724
2,758 18
54.75 p. c.
29,000,000
6,107 99
3,206 92
2.901 07
52. 54 p. c.
8
29,000,000
5,867 49
3,130 40
2,737 09
52.20 p. C.
8
29,000,000
Funded Debt.
10,204.000
7,819,500
7,631,000
7,577,000
7,517,000
7,468,000
16,403,000
Branch Bonds.
1,800,000
2,100,000
2,200,000
2,568,000
2,568,000
2,568,000
2,568,000
Stock, C., St. L. & N. I
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
Bonds, C., St. L. & N. I
18,000,000
18,000,000
18,000,000
18,000,000
18,000,060
Div. Payable in March
1,160,000
1,740,000
1,160.000
1,160,000
1,015,000
Insurance Fund
45,143
61,693
65,185
64,828
37,486
24,307
65,649
Surplus and Inc. Acc'ts.
5,395,089
5,212,170
8,a39,182
5,102,091
5,539,320
5,339,372
5,254,473
Total Liabilities.
46 444,232
44,193,633
76,895,367
74,051,919
73,821,807
73,559,679
82,306,122
Perman'nt Exp'ditures :
Illinois
33,000,000
33,000,000
33,000,000
33,000.000
33,000,000
33,000,000
33,000,000
Iowa Division
1,040,854
1,080,728
1,190,295
1,270,783
1,321,420
1,391.858
1,482.968
Springfield Division.
Middle Division
South Chicago Div
1,600,000
200,000
1,600,000
500,000
1,600,000
1,355,356
1,600,000
1,432,859
171.434
1,600,000
1,432,859
193,732
1,600,000
1,432,859
206,941
1,600,000
1,432.859
214.078
Southern Division .
28,000,000
28,000,000
28,000,000
28,0i>0,000
28,000,000
South. Div. Br. Lines
141,000
2,342,281
2,881,098
3,041,114
4,149,864
Oth.Ln's 111 Wis £Ind
2 469 512
Securities N. O Lines
9,299 522
6 300,000
Materials and Supplies. .
Insurance Fund
479,269
45,143
534,678
61,968
841.976
65.1&5
532,566
64,828
483,467
37,486
484,685
24,307
549,898
65.649
Cash and Other Assets. .
779,444
1,116,264
10,701,555
5,637,168
4,871,745
4,377,915
9,341,294
Total Assets
46,444,232
44,193,633
76,895,367
74,051,919
73,821,807
73,559,679
82,306,122
Statement of cash dividends paid from 1863 to 1886 :
1863
$973,555 95
1869
82,660,247 37
1875
$2,319,476 00
1881
$2,030,000 00
1864
1,665,830 01
1870
2,594,391 59
1876
2,320,000 00
1882
2,030.000 00
1865
2,236,584 21
1871
2,726,558 98
1877
1,160,00000
1883
2,900,000 00
1866
2,459,678 %
1872
2,537,760 00
1878
1,740,000 00
1884
2,320,000 00
1867
2,460,731 58
1873
2,547,930 00
1879
1,740,00000
1885
2,320,000 00
1868
2,461,56842
1874
2,165,533 79
1880
1,740,000 00
1886
2,030,000 00
458 POOR'S MANUAL — ILLINOIS CENTRAL BE. co.
General Balance Sheet, December 31, 1886.
Capital Stock-200,000 shares, at $100 per share $29,000,000 00
Funded Debt— Six per cent. Sterling Bonds of 1895, £500,000 $2,500,000 00
Five per cent. Sterling Bonds of 1905, £200,000 1,000,000 00
Sterling Sinking Fund Fives of 1903, £780,000 3,900,000 00
Six per cent. Currency Bonds of 1898, secured by mortgage on Spring-
field Division 1,600,000 00
Five per cent. Kegistered Currency Bonds of 1921, secured by mort-
gage on Middle Division 968,000 00
Three and one-half per cent. Sterling Bonds of 1950, £1,000,000 5,000,000 00
Four per cent. First Mortgage Gold Bonds of 1951 . 1,500,000 00
Three and one-half per cent. First Mortgage Gold Bonds of 1951 2,496,000 00
Past Due and Cull Bonds 7,00000—18,971,00000
Capital Stock C., St. L. & N. O. RR. Co 10,000,000 00
Funded Debt C., St. L. & N. O RR. Co. (Sundry issues described elsewhere) 18,000,000 00
Set apart to provide for Dividend (3J per cent.) payable March 1, 1887 1,015,000 00
Surplus Dividend Fund 302,782 27
Profit and Loss 4,951 ,690 59
Insurance Fund 65,649 28
Total Amount of Liabilities $82,306,122 14
Contra :
Permanent Expenditures Illinois (705.53 m.) $33,000,000 00
Permanent Expenditures Iowa (402.16 m.) 1,482,967 64— $34,482,967 64
Springfield Division (111.44m.) 1,600,000 00
Middle Division (131.26m.) 1,432,858 93
South Chicago Division (4.76 m.) 214,078 51
Southern Division (565.2m., including Koscinsko Branch) 28,000,000 00
West and East RR. (12.40 m.) 141 ,000 00
Can ton, Aberdeen and Nashville RR. (87.89 m.) 1,892,639 82
Yazoo and Mississippi Valley RR. (115.69 m.) 2,116,224 36
Chicago, Madison and Northern RR 745,000 00
Chicago, Havana and Western RR 1,367,882 54
Havana, Ran toul and Eastern RR 356,628 85
Working Stock of Supplies 549,897 69
Assets (net) in Chicago and New York Offices 9,341,294 52
Assets in Insurance Fund 65,64928
Total Assets $82,306,122 14
The " Leased Line Four Per Cent. Stock" of this company, $10,000,000 in amount, was
issued at par in exchange for the stock of the Chicago, St. Louis and New Orleans RR. Co.
A guaranteed annual dividend of four per cent., secured by the rental paid to C., St. L. &
N. O. RR. Co., is paid half yearly, January 1, and July 1.
The Sterling Coupon Bonds are £200 each, and secured on main line, 705.53 miles ; prin-
cipal and interest payable in London. The Currency Coupon Bonds of 1877 are $1,000 each,
secured on Springfield Division, 111.44 miles ; total issue limited to $2,000,000 ; principal
and interest payable in New York, free of all State and national taxes. Trustees, George S.
Bowdoin and Stuyvesant Fish. The Sterling Sinking Fund Bonds are £200 each, secured
on main line, 705.53 miles ; sinking fund of £20,000 per year ; principal and interest payable
in London ; total authorized issue, £1,000,000 ; retired by action of sinking fund, and can-
celled, £220,000. The Sterling Coupon Bonds are £200 each, and secured on main line,
705.53 miles ; authorized issue, £200,000; principal and interest payable in London. The
Registered Currency Bonds are $1,000 each, secured on Middle Division, 131.26 miles ; total
authorized issue, $1,000,000; trustees, L. V. F. Randolph and Stuyvesant Fish. The First
Mortgage Gold 3$ and 4 per cent, bonds of 1886 are $1,000 each, and secured on main line,
705.53 miles ; principal and interest payable in New York ; coupon bonds with privilege of
registration on surrender of coupons.
These several issues of bonds, except the divisional bonds, were issued under a consoli-
dated mortgage dated August 10, 1874, and covering the main line of railroad, real estate,
buildings, machinery, etc., given to the United States Trust Co. as trustee. The total author-
POOR'S MANUAL OP RAILROADS.
459
ized issue under this mortgage is $15,000,000 ; actually issued, $12,500,000 ; retired by sinking
fund and cancelled, $1,100,000, leaving outstanding, as described above, $11,400,000. The
bonds of 1886 were issued chiefly in exchange for maturing C., St. L. & N. O. RR. bonds, and
in lieu of issuing bonds of that company under its consolidated mortgage.
The $5,000,000 3£ per cent, sterling bonds were issued under a trust agreement entered
into July 21, 1886, between the Illinois Central RR. Co. and the United States Trust Co., of
New York, and are part of an authorized issue of $9,000,000 bonds of $1,000 or £200 per bond,
or part for $1,000 and part for £200, interest not to exceed 4 percent. The bonds are secured
by deposit of an equal amount of 5 per cent, bonds of the Chicago, St. Louis and New Orleans,
which are to be delivered to holders of these bonds in case of default. It is provided that no
mortgage shall be made on the Illinois Central or the Chicago, St. Louis and New Orleans
until these bonds are secured by mortgage on those roads. Principal and interest of the
above $5,000,000 payable in London. Listed on London Stock Exchange.
Annual meeting, second Wednesday in March, at company's office, Chicago, 111. In
each of the twenty-four years from 1863 to 1886, inclusive, cash dividends upon the entire
capital stock were paid semi-annually, at rates ranging from 4 to 10 per cent, per annum.
Dividend days, March 1st and September 1st. Transfer books usually close about twenty
days prior to dividend payments and about thirty days prior to annual meeting, reopening
about four or five days after dividends and two days after meeting. Capital stock, $30,-
000,000, and all the dollar bonds are listed at the New York Stock Exchange. They are also
dealt in at London, Amsterdam and Frankfort, and bonds of various issues are quoted at
Dublin, Glasgow, Liverpool, Leeds, Sheffield and Birmingham.
Land Department. — During the year 1886 there were sold 17,482.54 acres of donated
land to 328 persons for $73,138.38. Average to each purchaser, 53.30 acres. Average price
per acre, $4.18. Town lots were sold to the amount of $385. There were cancelled during
the year 467 sales, representing 18,595.93 acres. There were issued 638 deeds, for 30,799.98
acres, and 9 duplicate's ; also, 8 town lot deeds, and 4 quit-claim deeds, 1 purchased land deed
for 2.50 acres, and two purchased town lot deeds. The whole area of donated lands conveyed
to December 31, 1886, was 2,394,325.76 acres, leaving unconveyed 199,949.12 acres. Total
sales of donated lands, 2,441,315.45 acres, leaving unsold 152,959.43 acres. There are on
hand bills receivable and contracts for donated lands and town lots, $124,068.48. Gross
receipts in 1886 for lands sold and for collections were $116,502.44. Disbursements: remitted
to Treasurer, New York, $102,120.69; expense account, $14,381.75.
RAILED ADS OWNED OR LEASED BY THE ILLINOIS CENTRAL RR. Co.
CANTON, ABERBEEN AND NASHVILLE RAILROAD.-Kosciusko. Miss., to Aberdeen,
Mies., K7.89 miles. This road was opened through August 1, 1884. Cost to December 31, 1886, $1,892,639.82.
Funded debt, $2,000,000 5 per cent, gold bonds, due December 1, 1922. JAMES C. CLARKE, President, Chicago,
111.; It. S. Charles, Treasurer, New Orleans, La.
CHICAGO, ST. LOUIS AND NEW ORLEANS RAILROAD.-New Orleans, La., to East
Cairo, 111., 547.30 miles. Gauge, 4 ft. 8| in. Consolidation November 8. 1877, of the New Orleans, Jackson and
Northern and the Central Mississippi RR. Cos. The former was chartered as the N. O., J. and Great Northern
RR. Co., April 22, 1852, and opened from New Orleans to Canton, 20(5 miles, in 1859. Sold under foreclosure
March 17, 1877, and reorganized as N. O., J. & N., May 12, 1877. The Mississippi Central RR. Co. was chartered
in 1852 by the Status of Mississippi and Tennessee ; opened from Canton, Miss., to Jackson, Tenn., in 1860, and
extended to the Ohio River, opposite Cairo, in 1873, making a total of 343 miles. Sold August 23, 1877, and re-
organized as Central Mississippi RR. Co., November 5, 1877. On the 13th of June, 1882, the C., St. L. & N. O.
RR. was leased to the Illinois Central RR. Co. for 400 years, at an annual rental equal to interest on all bonds and
4 per cent, on the capital stock. On the 1st of January, 1883, the lessee assumed control of the road, and now
operates it as its Southern Division. Capital stock, $10,000,000 ; funded debt, $18.000,000— total, representing cost
of property, $28,000,000.
Detailed statement of funded debt, December 31, 1886 :
DESCRIPTION OP BONDS.
Date.
Interest.
Mature.
Afloat.
N. O., J. & G. N. 2d Mortgage....
Oct. 1, 1860
Nov. 8, 1877
Dec. 1, 1877
Mar. 15, 1881
8 per cent. Apl. & Oct.
7 per cent. May & Nov.
6 per cent. June & Dec.
5 per cent. J. 15 & D. 15
Oct. 1, 1890
Nov. 1, 1897
Dec. 1, 1907
June 15, 1951
$1,483,000
1,398,000
80,000
15,030,000
9,000
C., St. L. & N. O. 1st Mortgage . . .
C., St. L. & N. O. 2d Mortgage
C., St. L. & N. O. Consol. gold...
Past Due and Called
No more bonds can be issued under any of the mortgages prior to that of March 15, 1881, which secures $18,-
460 POOR'S MANUAL OF RAILROADS.
000,000 of bonds, to be issued only as those secured by prior mortgages are cancelled. Consolidated mortgage
bonds are $1,000 each, and coupon with provision for registration.
It', 1 1 i-forf, C., St. L. & N. O. RR. Co.--James C. Clarke, S. B. McConnico, Stnyvesant Fish. Sidney Webster,
Walter Luttgen, John Elliott, Adolphe Schreiber, R. P. Neely, N>P. Moss, \V. P. Harris. D. B. Morey, E. II. Har-
riman. JAMES C. CLARKE, President, Chicago, 111.; R. S. Charles, Treasurer, New Orleans, La.; E. T. H. Gib-
son, Secretary, New York, N. Y.
CHICAGO AND SPRINGFIELD RAILROAD. —Oilman, 111., to Springfield, 111., 111.44 miles.
Organized in 1877, and leased for 50 years from January 1, 1878, to the Illinois Central RR. Co., at a rental equal
to li per cent, interest on the bonds. Capital stock, $25,000; funded debt (see Illinois Central bond statement),
$1,600.000. Cost of road, etc., §1,872,436.05. JAMES C. CLARKE, President; Henry DeWolf, Treasurer, Chi-
cago, 111.
CHICAGO, HAVANA AND WESTERN RAILROAD.— Champaign to Havana. 111., and branch
White Heath to Decatur, 111., both 130 miles. Formerly western extension of the Indianapolis, Bloomington and
Western, which was sold under foreclosure February 6, 1879, this portion being sold separately and purchased by
the Champaign, Havana and Western RR. Co. Purchased by Wabash, St. Louis and Pacific Ry. Co. in 1880, and
consolidated, the Wabash issuing 6 per cent, consolidated bonds at the rate of $12,000 per mile on this line. De-
fault was made June 1, 1884, and the road was taken possession of by the trustee of the mortgage. Sold under
forclosure in September, 1886, and reorganized under present title. Purchased by Illinois Central RR. Co.
HAVANA, RANTOTJL AND EASTERN RAILROAD.— West Lebanon, Ind., to Leroy. 111.,
76 miles. Sidings, etc., 4.5 miles. Gauge, 3 ft. Rail.Solbs. Chartered April 10, 1873, and road opened in 1881.
In May of the latter year a controlling interest was purchased by the Wabash, St. Louis and Pacific. The road
went into the hands of receivers with the Wabash, May 29, 1884. Default was made on first mortgage bonds June
1, 1884, and the road was taken possession of by the bondholders December 1, 1884. Placed in the hands of a re-
ceiver June 1, 1885, and sold under foreclosure in October, 1886. Purchased by the Illinois Central RR. Co.. and
two new companies organized— the Lebanon and Western fill. Co., to acquire the road in Indiana, and the Lt-.roy
and Eastern BR. Co., to acquire the Illinois portion, the two to be eventually consolidated. The Illinois Cen-
tral proposes to change the gauge to the standard width. The officers of the new companies are : JOHN DTNN,
President • A. G. Hackstaff, Secretary ; Henry DeWolf, Treasurer ; E. T. Jeffrey, General Manager ; J. C. Wel-
ling, General Auditor. OFFICE, 78 Michigan Avenue, Chicago, 111.
KANKAKEE AND SOUTHWESTERN RAILROAD.- Otto, 111., to Normal Junction (Bloom-
ington), 111., 79.4ri miles, with branches— Buckingham to Tracy, 10 ; Kempton to Minonk, 41.8 — total, 131.26 miles.
Capital stock, $390,000 ; funded debt (see Illinois Central bond statement), $968,000. Cost of road, etc., $1,443,-
147.12. JAMES C. CLARKE, President ; Henry DeWolf, Treasurer, Chicago, 111.
SOUTH CHICAGO RAILROAD.— Park Side to South Chicago, 111. (double track), 4.76 miles. Built
in 1883. Cost, $193,731.96. Capital stock, $23,000 ; funded debt, 5 per cent, gold bonds, due December 1, 1922,
$175.000— total, $200,000. JAMES C. CLARKE, President, Chicago, 111.
WEST AND EAST RAILROAD.— Lexington to Durant, Miss., 12.40 miles. Chartered April 15,
1873 ; road opened October 20, 1882. This road is owned by the Illinois Central RR. Co., and is operated as a part
of the Yazoo Division. Capital stock, $1,000,000 ; funded debt, 6 per cent. 20-year bonds, 1901, interest March
and September, $125,000— total cost of road, etc., $171,434.21. JAMES C. CLARKE, President ; R. S. Charles,
Treasurer.
YAZOO AND MISSISSIPPI VALLEY RAILROAD. -Jackson, Miss., to Parsons, Miss.,
115.69 miles. Road opened to Yazoo City, 45.24 miles, May 1, 1884 : completed to present terminus in December,
1886. Cost to December 31, 1886, of $2,116,224 36. Funded debt, $929,000 5 per cent, gold bonds, due December
1, 1922. JAMES C. CLARKE, President, Chicago, 111.; R. S. Charles, Treasurer, New Orleans, La.
Till May, 1887.
Stuyvesant Fish,
Edward H. Harriman,
William Waldorf Astor,
Board of Directors Illinois Central RE. Co.
Kichard J. Oglesby, Governor of Illinois, Ex-offido.
Till March, 1888.
Sidney Webster,
Robert Ooelet,
S. Van Rensselaer Cruger,
Till March, 1889.
James C. Clarke,
B. P. Ayer,
Walther Luttgen,
Till March. 1890.
Oliver Harriman,
Levi P. Morton,
John Elliott.
STUYVESANT FISH, President New York, N. Y.
Afst. to President— John Dunn Chicago, 111. I Acting Secretary— A.. G. Hackstaff New York, N. Y.
Treasurer— Henry DeWolf Chicago, 111. | General Manager— E.. T. Jeffery Chicago, 111.
Assistant Treasurer— E. T. H. Gibson New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS No. 78 Michigan Avenue, Chicago, 111.
Financial Agency and Transfer Office No. 214 Broadway, New York City.
New Orleans Office. . . .37 Carondelet Street.
ILLINOIS AND ST. LOTUS RAILROAD AND COAL COMPANY.
Main Line of Road.— Belleville, 111., to East St. Loui?, Ill 15 miles.
Branches to coal mines (N. West, 2.36; Rose Hill, 0.64; Gartside, 0.37; Junction, 0.63) 4 miles.
Leased : Venice and Carondelet Ry.: Junction to Venice, 111 6 miles.
Total length of lines owned and operated 25 miles.
Sidings, etc., 18 miles. Gauge, 4 ft. 8i in. Rail (steel, 40 miles), 56 and 60 Ibs.
History.— Chartered as St. Clair RR. Co., February 26, 1841 ; name changed to St. Clair
RR. and Coal Co. in February, 1853 ; to Pittsburgh RR. and Coal Co. February 10, 1859 ;
present title adopted February 16, 1865. Main line put in operation in April, 1871. In 1875
the company's floating debt was funded in preferred stock.
Hulling Stock, June 30, 1886. — Locomotive engines, 10. Cars — passenger, 3 ; baggage,
POOR'S MANUAL OF RAILROADS. 461
mail and express, 5 ; freight (box, 6 ; flat, 33 ; coal, 420), 459 — total, 467. The company also
owns 2 ferry-boats, 1 transfer tug and 3 transfer barges on the Mississippi River.
Operations for year ending June 30, 1886. — Train mileage— passenger, 52,175; freight,
28,900 ; other, 31,750 — total, 112,825 miles. Passengers carried, 133,219 ; carried one mile,
1,732,550 ; average rate per mile, 1.90 cents. Tons freight moved, 253,642 ; moved one mile,
3,043,704 ; average rate, 4.30 cents. Earnings— passenger, $33,010.83 ; freight, $133,020.46 ;
miscellaneous, $23,717.83— total ($7,589.96 per mile), $189,749.12. Operating expenses and
taxes ($4,043.30 per mile), $101,082.39. Net earnings (46.73 per cent.), $88,666.73. Pay-
ments : Interest on bonds, $34,000; other interest, $20,916.19— total, $54,916.19. Surplus,
$33,750.54.
Financial Statement, July 1, 1886. — Capital stock (common, $617,000 ; preferred to 10
per cent., $900,000), $1,517,000; funded debt, $200,000; notes payable, $227,114.05; cur-
rent accounts, $7,420.28; other liabilities, $13,727.40; profit and loss, $238,942.2';— total,
$2,204,204.00. Contra: Construction and equipment, $964,611.75 ; materials and supplies,
$6,798.01 ; J. W. Branch, trustee, $156,900; due from agents and other companies, $74,-
030.58 ; cash, $1,863.66— total, $2,204,204.00.
Funded debt consisted, June 30, 1886, of :
1st mortgage 8 p. c. 20-year $500 bonds, due June 1, 1895, interest June and December $200,000
1st mortgage (Venice & Carondelet Ry.) 6 p. c. 20-year $1,000 bonds, due 1900, interest June and Dec 150,000
1st mortgage (Venice & Caroudelet Ry.) 6 p. c. 30-year |l,000 bonds, due 1902, interest April & October. . . 150,000
This company paid its first dividend, 2£ per cent., on the preferred stock on March 30,
1876 ; since then it has made the following payments : January 11, 1877, 2£ per cent., Janu-
ary 10, 1878, 2| per cent.; January 15, 1879, 2| per cent. ; January 18, 1880, 2| per cent.
* Annual meeting third Thursday in October. Robert Campbell, T. G. Meier, Hugh
Campbell, trustees of bomds.
VENICE AND CARONDELET RAILWAY.— Junction (El. & St. L.RR.) to Venice, 111. ,6 miles,
Road under construcvion from Junction to Carondelet, 9 miles additional. Operated by the Illinois and St. Louis
Ry. and Coal Co., by which it is being built, that company receiving therefor the entire mortgage bonds of this
company. Capital stock, $150,000 ; funded debt, 1st mortgage (North End) 6 per cent. 20-year oonds, due 1900,
$150,000— total, $300,000. (See I. & S. L. RR. bond statement). JOHN D. PBBKT, President, St. Louis, Mo.
Board of Directors 111. & St. L. RR. & Coal Co., elected October 21, 1886.
Joseph W. Branch . . .St. Louis, Mo.
Thomas McKissock. . . St. Louis, Mo.
Adolphus Meier St. Louis, Mo.
C. S. Greeley St. Louis, Mo.
John D. Perry St. Louis, Mo.
W. A. Hargadeen St. Louis, Mo.
George S. Edgell St. Louis, Mo.
G. A. Koerner Belleville, 111.
Russell Hinckley Belleville, 111.
J. B. Renchler Belleville, 111.
J. Rainey Belleville, 111.
E. H. Wangelin . . .Belleville, 111.
A . C. Hucke Belleville, 111.
L. D. Turner Belleville, 111.
Julius Kohl.
JOSEPH W. BRANCH, President St. Louis, Mo.
Thos. McKissock, Vice-President St. Louis, Mo.
Secretary and Treasure) — P. F. Burke. . .St. Louis, Mo. | General Superintendent — C. H. Sharman.St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
INDIANA AND ILLINOIS SOUTHERN RAILROAD COMPANY.
Line of Road. — Switz City, Ind., to Effingham, 111 91 miles.
Sidings, etc., 4 miles. Gauge, 3 feet. Rail (steel, 3 miles), 35 and 40 Ibs.
History. — The Indiana and Illinois Southern RR. Co. was organized May 12, 1886, by
the consolidation of the Indiana and Illinois Southern Ry. Co., owning a road from Effing-
ham, III., to the Wabash River, 56 miles, and the Bloomfield RR. Co., whose road extended
from the Wabash River to Switz City, lud., 35 miles. The former was successor, April 9,
1883, to the Springfield, Effingham and Southeastern Ry. Co., chartered March 10, 1869, and
road opened in October, 1880. Both built and operated by the Cincinnati, Effingham and
Quincy Construction Co., chartered August 8, 1878, under a contract by which the construc-
tion company was to receive the entire bond issues and a majority of the stocks of both the
railroad companies. The contract was carried out by the receiver of- the construction com-
pany, appointed October 4, 1878. The new company took up the stock and bonds of the
old companies, and issued its own stock and bonds in exchange therefor. The gauge is now
(June, 1887) being made standard.
462 POOB'S MANUAL OF BAILROADS.
Rolling Stock, March 31, 1887.— Locomotive engines, 5. Cars— passenger, 3 ; baggage,
mail and express, 2 ; freight (box, 79 ; platform, 25 ; stock, 8 ; coal, 89 ; caboose, 3), 204 ;
service cars, 2 — total cars, 211.
Operations for year ending March 81, 1887. — Train mileage — passenger, 27,456 ; freight
aud mixed, 60,096 ; other, 4,590 — total, 92,142 miles. Traffic statistics not reported.
Earnings.— Passenger $14,29905
Freight 74,046 36
Mail 2,745 71
Express 1,352 86
Total ($1,015.86 per mile) $92,443
Expenses.— Transportation $17,356 31
Motive Power and (Jars 9,324 70
Maintenance Way & Buildings... 10,281 99
General 10,360 50
Total ($520.03 per mile) $47,323 50
Net earnings (48.80 per cent.), $45,120.48.
General Balance SJieet, Mar eh 31, 1887.
Cost of Road and Equipment $2,408,433 82
Cost of Additional Rolling Stock 26,458 36
Stocks and Bonds Owned 53,000 00
Betterments 243,41620
Total Assets $2,731,308
Capital Stock (par, $100) $1,400,000 00
Funded Debt Outstanding 1,239,000 00
Bills Payable.. 47,18790
Net Earnings 45,120 48
Total Liabilities $2,731,308 38
Funded debt consists of $500,000 1st mortgage, 5 per cent. 20-year $1,000 coupon bonds,
dated June 1, 1886, due 1906, interest payable June and December, $739,000 income 6 per
cent. 20-year $1,000 bonds, dated June 1, 1886, due 1906, interest payable June and De-
cember.
Annual meeting first Tuesday in May. Trustees of bonds: W. R. McKeen, Terre
Haute, Ind.; John S. Alley, Boston, Mass. Registrar of stock, P. H. Blue (Secretary), Sulji-
van, Ind.
Directors (elected June 1, 1886).— William H. Alley, Perry H. Blue, W. E. Crawley,
O. B. Harris, Sullivan, Ind.; John L. Stockton, John B. Lyon, H. H. Gardner, John S.
Cooper, Chicago, 111.; Henry F. Mills, Boston, Mass.
WILLIAM H. ALLEY, President Sullivan, Ind.
John B. Lyon, Vice-President Chicago, 111.
Sec. and Gen. Man.— P. H. Blue Sullivan, Ind. | Treasurer— M. B. Wilson Sullivan, Ind.
Auditor— C. R. Hinkle Sullivan, Ind.
PBINCIPAL OFFICE ASD ADDRESS Sullivan, Ind.
INDIANA, ILLINOIS AND IOWA EAILROAD COMPANY.
Line of Road. — North Judson, Ind., to Streator, 111 110 miles.
Sidings, 7.87 miles. Gauge, 4 ft. 81 in. Rail (steel, 103.35 miles), 56 Ibs.
History. — Chartered December 27, 1881, and succeeded to the rights, franchises and
property of the Plymouth, Kankakee and Pacific RR. Co., which was sold under foreclosure
June 12, 1877, and sale perfected in February, 1881. The road was opened from Streator, 111.,
to Momence, 111., 64 miles, July 1, 1882 ; throughout entire length, September 15, 1883. Track
(1.65 miles) of the Wabash, St. Louis and Pacific Ry. used to gain entrance into Streator, 111.,
and included above. An extension from North Judson to Knox, Ind., a distance of 9.30
miles, was completed and opened in December, 1886.
Rolling Stock. — Locomotive engines (owned, 5 ; leased, 4), 9. Cars — passenger, 3 ; bag-
gage, 2 ; freight (box, 6 ; platform, 6 ; coal, 67), 79 j caboose, 4 ; other, 33— total, 121.
Operations for year ending June 30, 1886.— Train mileage — passenger, 27,164 ; freight,
27,254 ; mixed, 36,520 ; other, 790— total, 91,728 miles. Passengers carried, 19,455 ; carried
one mile, 330,307 ; average rate per mile, 2.94 cents. Freight moved, 136,533 ; moved one
mile, 11,761,645 tons ; average rate per mile, 0.87 cent. Earnings — passenger, $17,589.75 ;
freight, $103,470.67; other, $2,028.59 — total, $123,089.01. Operating expenses — maintenance
of way, $29,402.22 ; rolling stuck, $7,515.61 ; transportation, $38,415.83; miscellaneous, $25,-
186.88— total, $100,520.54. Net earnings, $22,568.47. Payments : Rental leased line, $1,-
861.28; equipment, buildings, sidings, etc., $23,798.48— total, $25,159.76. Deficit, $2,591.29.
POOR'S MANUAL OF RAILROADS. 463
Financial Statement, June 30, 1886.— Capital stock (authorized, $14,000,000 ; par, $100
per share), $8,598,000; funded debt let mortgage 6 per cent. 5-year registered $1,000 bonds,
dated November 15, 1882, due November 15, 1887, interest payable May and November, $600,-
000 ; second mortgage 6 per cent. 20-year registered $500 bonds, dated November 15, 1883,
due November 15, 1903, interest payable May and November (authorized, $400,000), $140,-
000; notes payable, $20,000; current accounts, $33,345.17; interest, $88,800— total, $4,480,-
145.17. Contra: Cost of road and equipment, $4,389,705.27; materials and fuel, $3,313.75 ;
bills receivable, $4,678.47 ; current accounts, $8,764.79 ; cash on hand, $2,815.29 ; debit bal-
ance, $70,867.60.
Annual meeting, third .Wednesday in January. Trustees of bonds : W. H. Qebhardt and
George H. Holt.
Directors (elected January 20, 1886). — Thomas Thacher, Keokuk, la. ; Adam W. Spies,
G. H. Holt, New York, N. Y. ; S. Merrill, Des Moines, la.; P. M. Drake, CentreviLe, la. ;
J. D. Harvey, Chicago, 111. ; Joshua Willbour, Providence, R. I.
P. M. DRAKE, President Centreville, la.
Geo. H. Holt, Vice-President New 'York, N. Y.
Secretary and Treasurer — E. Fletcher. . .Kankakee, 111. | General Manager— -T. P. Shonts Kankakee, 111.
Auditor— 3. C. McCune Kankakee, 111.
PRINCIPAL OFFICE AND ADDRESS Kankakee, 111.
Transfer Office 26 Beaver Street, New York, N. Y.
INDIANAPOLIS AND ST. LOUIS RAILWAY COMPANY.
* Main Line of Road. — Indianapolis, Ind., to Terre Haute, Ind 72
Leased : St. Louis, Alton and Terre Haute HR 193 — 265 miles.
Sidings, etc. (owned, 29.22 ; leased, 60.31), 89.83 miles. Gauge, 4 ft. 8i iu. Rail (steel,
owned, 72 miles ; leased, 189 miles), 60 and 65 Ibs.
History. — The Indianapolis and St. Louis RR. Co. was chartered August 31, 1867 ; road
opened July 11, 1870. The St. Louis, Alton and Terre Haute RR. main line, East St. Louis,
111., to Terre Haute, Ind., 189 miles, and Alton Branch, 4 miles, were leased for 99 years from
June 1, 1867, at a minimum rental of $450,000 a year. Early in 1882 the road was placed in
hands of a receiver, in consequence of default in the payment of interest on 2d and 3d mort-
gage bonds. Decree of sale entered May 22, 1882. Road sold July 23, 1882, and the present
company (in the interest of the Cleveland, Columbus, Cincinnati and Indianapolis RR. Co.)
organized October 1, 1882. The C., C., C. & I. Co. purchased the Pennsylvania Co.'s interest and
agreed to indemnify that company and the Pennsylvania RR. Co. against any liability arising
out of their former ownership or in connection with the lease of the St. L., A. & T. H. RR.
On February 23, 1883, a new and modified lease was entered into with the St. L., A. & T. H.
RR. Co., providing for a minimum rental of $450,000 per annum until the gross earnings
amount to $1,750,000 per oannum, with an increase of 20 per cent, of the excess over such
amount.
Rolling Stock, December 31, 1886. — Locomotive engines, 48. Cars — passenger, 21 ;
baggage, mail and express, 13 ; freight (box, 824 ; platform, 110 ; stock, 160 ; coal, 510 ;
caboose, 25), 1,629; service cars, 8— total cars, 1,671.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $456,628 74
Freight 1,295,535 97
Mail 32,308 70
Express 51,984 29
Total ($6,930.03 per mile) $1,830,457 70
Expenses.— Transportation $776,819 15
Motive Power and Cars 208,628 62
Maintenance Way & Buildings. 297,453 56
General and Taxes ($65,563.70). 149,080 54
Total ($5,403.71 per mile) $1,431,981 87
Net earnings (22.07 percent.), $404,475.83; add rents, $40,036.98 — total available revenuet
$444,512.81. Payments : Interest on bonds, $170,000 ; other interest, $149,511.86 ; rental of
St. L., A. & T. H. RR., $450,000— total, $769,511.86. Deficit, $324,999.05; deficit from last
year, $1,513,399.34— total deficit, $1,838,398.39.
464
POOR S MANUAL OF RAILROADS.
General Balance STieet, December 31, 1886.
Cost of Road $8,966,742 37
M.trrials and Fuel on Hand 50,114 32
Cashon Hand 65,898 56
Profit and Loss ... 1,888,39839
Capital Stock (par, $100) $500,000 00
Funded Debt Outstanding 2,500,000 00
Bills Payable 2,710,00000
Current Accounts 201,148 54
Total Assets $5,911,148 54 Total Liabilities $5,911,148 54
Statement of operations, capital stock, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated. . . . :
266.64
71.84
56
39
12
2,324
544,883
1,392,548
319,391
15,285,443
920,128
148,847,248
$
2,009,922
1,401,107
266.10
71.30
56
87
14
2,329
561,150
1,835,822
488,766
19,479,278
2.056,220
196,029,801
$
2,052,185
1,864,515
265.00
72.00
51
22
15
1,713
574,705
1,313,652
468,426
21,008,318
1,358,454
202985,772
$
2,080,776
2,198,385
265.00
72.00
51
20
13
1,721
621,494
1,406,411
5-^7.929
20,963,061
1,395.737
196,667,532
$
2,131,620
1,959,201
265.00
72.00
49
20
13
1,704
640,529
1,226,566
567.945
22,494,880
1,513,613
207,672.278
$'
1,869,298
1,731,821
265.00
72.00
49
21
13
1,631
712256
1,152,017
191,688
20.590, 678
1.571, COS
216,121,867
8
1,792,846
1,606,665
265.00
72.00
48
21
13
1.629
767,991
936,826
514.778
21.017,157
I,4f,7,fi49
177.844,516
S
1,836.458
1,431,982
Locomotive Engines
Bagguge, Mail, etc., Cars
l"n-i"ht (— 8-wheel) Cars
Passenger Train Miles.
Freight Train Miles .
Passengers Carried
l'u^fiiirer Miles.. . .
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings . . ....
608,815
828
187,670
df. 111,609
172,419
137,477
52,428
186.191
63,057
404,476
40,037
Available Revenue
609,643
450,000
250,000
1,130
187,670
450.000
250,000
df. 111,609
461,514
227,500
172.419
450,351
170,000
189,905
450,000
169,977
249.248
450,0110
170,000
444,513
450,000
170,000
Lease Rentals (St. Louis, A. & T. H.). .
Interest on Bonds
J't E'rn. (T. H. & Indianapolis RR.)...
Other Charges
124,501
636,831
7,712 08
7,006 82
705 26
90.86 p. c.
2.36 C.
0.75 c.
$
600.000
3,500,000
2,064,573
992,093
495,012
244,643
1,045,266
7,874 63
8.295 79
rf€/.421 16
105.35 p.c.
2.32 c.
0.71 c.
$
500,000
2,500,000
•sj
|1
0 p
^
£o
~2
29,431
477,363
8.043 85
7,393 21
650 64
91.91 p. C.
2.23 C.
0.78 c.
$
500,000
2,500,000
1,000,000
87,650
517,722
7.053 95
6,535 18
518 77
92. 65 p. c.
2.06 c.
0.64 c.
$
500,000
2,500,000
1.857,209
129,838
500,590
6.765 46
C.002 85
702 61
89. 61 p.c.
2.117 c.
0.591 c.
$
500,000
2,500,000
2,521,073
149,512
324,999
6,03003
5.4U3 71
1,526 32
77.93 p. c.
2.17 c.
0.73 c.
$
500,000
2.500,000
2,911,149
Net Loss to Lessees .
91,487
7.537 96
5,254 67
2,282 29
69 71 p. c.
2.73 c.
0.95 c.
s
600,000
3.500,000
908,725
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings PIT Mile
Expenses to Earnings
Aver. Rate per Pass, per Mile
Aver. Rate per Ton per Mile
Capital Stock. . .
Funded Debt
Bills Payable, Loans, etc
Interest and Rental.
Other Liabilities
1,958,855
125,781
Total Liabilities
6,967.580
4,388,972
64,539
19,000
247,576
195,808
2,051,685
7,651,678
4,482.668
52,735
19.000
320,410
88.349
2,688,516
4,125,781
3,400,454
90,268
I 101,842
533.217
4.857.209
3,735,921
74,287
34,192
1,012,809
5,521.073
3,85<i,160
78,485
73,029
1.513,399
5.911,149
3,966,742
50,114
55,894
1,838,399
Railroad and Equipment
Supplies
Stock (C. & O. C. V. RR.)
Assets and Dues
Cash
Profit and Loss
Total Assets
6,967,580
7,651,678
4,125,781
4,857,209
5,521,073
5,911.149
Fuuded debt consisted, December 31, 1886, of —
1st mortgage (I. & St. L. RR.), series A, 7 per cent. 50-year bonds, due July 1, 1919. interestJan. and July. $667,000
1st mortgage (I. & St. L. RR.), series B, 7 per cent. 50-year bonds, due July 1, 1919, int. March and Sept... 667.000
1st mortgage (I. & St. L. RR.), series C, 7 per cent. 50-year bonds, due July 1, 1919, int. May and Nov 6'if>,000
1st mortgage (I. & St. L. Ry.), 6 per cent, gold, 30-year bonds, due November 1, 1912, int. May and Nov 500,000
The above bonds are all coupon of $1,000 each. Interest on 1st mortgage 6 per cent,
gold bonds of 1912 guaranteed by C., C., C. & I. Ry. Co. Annual meeting, third Wednesday
in February ; books close 10 days prior thereto. Interest payable at office of United States
Trust Co.. New York, N. Y.
Directors (elected February 16, 1887).— J. D. LAYNG, New York, N. Y.; S. Burke, T. P.
Handy, James Barnett, A. Townsend, H. H. Poppleton, Cleveland, O. ; J. T. Dye, Indianapo-
lis, Lid.
J. D. Layng, President New York, N. Y.
General Manager— Q. M. Beach .Cleveland, O. | Secretary and Treasurer— G. H. Russell ..Cleveland, O.
PRINCIPAL OFFICE AND ADDRESS Indianapolis, Ind.
Financial Agency United States Trust Co., New York, N. Y.
Transfer Office Cleveland, O.
POOR 8 MANUAL OF RAILROADS.
465
INDIANAPOLIS AND VINCENNES RAILROAD COMPANY.
Main Line of Road.— Indianapolis, Ind., to Vincennes, Ind 116.92
Bushrod Branch : Bushrod to Duggerville 11.85—128.77 miles.
Sidings and other tracks, 10.11 miles. Gauge, 4 ft. 9 in. Rail (steel, 38.26 miles), 68 Ibs.
History.— Organized in 1867 ; road opened in 1869. Owned and operated by the Penn-
sylvania Co. At Indianapolis 0.12 mile of Union Ry. tracks are used, making the total length
operated 128.89 miles.
Rolling Stock, December 31, 1886. — Locomotive engines, 10. Care — passenger, 8 ; bag-
gage, mail and exprees, 4 ; freight (box, 163 ; platform, 150 ; stock, 25 ; coal, 150 ; caboose,
2), 490 ; service cars, 1 — total cars, 503. Of the above 4 locomotives, 3 passenger, 1 baggage,
13 box, and 50 platform cars are leased, and 100 box and 100 platform cars were acquired by
car trust.
Operations for year ending December 31, 1886.— Train mileage — passenger, 1)5,887 ;
freight, 260,002 ; other, 34,097— total, 451,986 miles. Passengers carried, 213,458 ; carried
one mile, 4,411,522 ; average mile rate, 2.46 cents. Tons freight moved, 342,691 ; moved
one mile, 26,223,814; average ton-mile rate, 1.05 cents.
Ear oingg.— Passenger $108,495 09
Freight 274,17689
Mail 8,489 82
Express 5,788 88
Miscellaneous 4,930 38
Total ($3,120.92 per mile) $401,881 06
Expenses.— Transportation $122,536 72
MotivePower 84,681 41
Maintenance of Cars 30,795 19
Maintenance Way and Buildings 119,595 96
General... . 17.974 19
Total ($2,915.92 per mile) $375,583 47
Net earnings (6.54 per cent.), $26,297.59. Payments : Interest on bonds, $206,000 ; hire
of equipment, $3,297.18— total, $209,297.18. Balance, deficit, $182,999.59, advanced by
Pennsylvania Co.
Statement of earnings for eight years :
1879 1880 1881
Gross Earnings $301.371 $339,421 $339,739
Operating Expenses 235,022 278.915 329,478
Net Earnings 66,349 60,506 10,261
1882 1883 1884 1885 1886
$342,983 $314,628 $312,533 $318,232 $401,881
323,132 325,660 322,103 324,079 375,583
19,851 def. 11,032 def. 9,570 def. 5,847 26,298
General Balance Sheet, December 31, 1886.
Cost of Road $4,665,449 60
Other Property and Assets 28,575 21
Cash to Pay Interest 4,712 50
Cash on Hand 1,32421
Profit and Loss ,. 1,369,65871
Capital Stock (par, $50) $1,402,00000
Funded Debt Outstanding 3,150,000 00
Due Penna. Co., Lessee 1,513,007 73
Unpaid Interest 4,71250
Total Assets $6,069,720 23 Total Liabilities $6,069,720 23
Funded debt consisted, December 81, 1886, of—
1st mortgage 7 per cent, coupon bonds, dated September 1, 1867, due Feb. 1, 1908, int. Feb. and Aug $1,700,000
2d mortgage 6 per cent, coupon bonds, dated June 1, 1870, due May 1, 1900, interest May and November. 1,450,000
Annual meeting, second Thursday in May ; books close 20 days prior thereto. Denomi-
nation of bonds, $1,000. Interest payable at Farmers' Loan and Trust Co., New York City.
Trustees — of 1st mortgage bonds, Edmund Smith and Thomas D. Messier ; of 2d mortgage,
Edward Pearce and Wm. Goddard. Registrar of stock, S. B. Liggett.
Directors (elected May 13, 1886).— George B. Roberts, W. H. Barnes, Philadelphia, Pa. ;
Wm. Thaw, J. N. McCullough, Thomas D. Messier, Wm. Mullins, Pittsburgh, Pa.; J. A.
Perkins, Indianapolis, Ind.
GEORGE B. ROBERTS, President Philadelphia, Pa.
William Thaw, Vice-President . ..• Pittsburgh, Pa.
Treasurer— John E. Davidson Pittsburgh, Pa. | Secretary— S. B. Liggett Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS ."Indianapolis, Ind.
Lessees' Offices Penn Avenue and Tenth Street, Pittsburgh, Pa.
Fiscal Agency •. Farmers' Loan and Trust Co , New York, N. Y.
30
466 POOB'S MANUAL OF RAILBOADS.
INDIANAPOLIS, DECATTIE AND SPRINGFIELD RAILWAY COMPANY.
Line of Road. — Indianapolis, Ind., to Decatur, 111 152.51 miles.
Sidings, etc., 19.66 miles. Gauge, 4 ft. 8i in. Kail (steel, 122 miles), 56 and 60 Ibs.
History. — Consolidation, January 1, 1853, under the name of Indiana and Illinois Central
RR. Co. of the Indiana and Illinois and the Illinois and Indiana RR. Cos. Sold under fore
closure April 26, 1875, and reorganized under present name November 16, 1875, at which time
85.25 miles, from Decatur 111., toMontezuma, Ind., were open. From Montezuma to Guion,
15.75 miles, was opened September 1, 1878, and eastward to Indianapolis, 51.50 miles, Feb-
ruary 9, 1880. Leased January 1, 1882, to Indiana, Bloomington and Western Ry. Co.
Lease surrendered March 15, 1885, and road placed in hands of receiver on the following day.
One-half of first mortgage coupons payable in 1885 were funded in five years' scrip, the other
half being paid in cash. The road will be sold under foreclosure of second mortgage bonds
011 May 25, 1887. A new company has been organized under the title of the Indianapolis,
Quincy and Mississippi River R R. Co., with a capital of $4,240,000 to acquire this road at
the sale. Under the terms of reorganization the 1st mortgage bonds are assessed $3 per
bond and the stock $2.50 per share, new stock to be exchanged for the old share for share.
The Quincy, Missouri and Pacific division of the Wabash is said to have been purchased by
parties interested in this road, the intention being to connect them and form a through line
between Indianapolis and Omaha.
Operations for year ending June 30, 1886. — Train mileage — passenger, 211,652 ; freight,
174,928 ; mixed, 41,674 — total, 428,254 miles. Passengers carried, 126,652 ; carried one mile,
4,506,473; average mile rate, 2.45 cents. Tons freight moved, 208,443; moved one mile,
19,00:5,060 ; average ton-mile rate, 1.46 cents. Earnings — passenger, mail, etc , $126,931.04 ;
freight, etc., $287,525.34— total, $414,456.38. Operating expenses and taxes, $325,265.49.
Net earnings, $89,190.89. Interest on bonds, $126,000. Deficit, $36,809.11.
Financial Statement, June 30, 1886.— Capital stock (par, $50), $500,000 ; funded debt
($1,800,000 first mortgage sinking fund 7 per cent. 30-year gold bonds, due January 1, 1906,
interest payable April and October ; $2,778,000 second mortgage 7 per cent. 30-year bonds,
due July 1, 1906, interest payable January and July), $4,578,000 ; outstanding accounts,
$102,432.11 ; profit and loss, $205,740.61— total, $5,386,172.72. Contra: Cost of property,
$3,266,972.82; construction, $1,581,908.49; equipment, $373,261.80; materials, $25,641.75 ;
cash balances, $4,894.98; outstanding accounts, $133,493.68— total, $5,386,172.72.
Receiver's Account, June 30, 1886. — Liabilities: Interest accrued, $33,750 ; vouchers and
accounts, $102,225.67 ; due trustees, $51,678.62 ; receiver's certificates, $50.000— total, $237,-
654.29. Assets: Construction account, $92,282.64; equipment, $47,913.28; materials and
supplies, $19,861.45 ; debit balance, $22,877.32 ; due from agents and companies, $42,263.18;
cash, $12,456.42.
The iucorporators of the new company (chartered March 12, 1887) are : Robert B. A.
Pierce, Crawfordsville, Ind. ; John V. McNeal, John S. Lazarus, Indianapolis, Ind. ; George
M. Abbott, Decatur, 111.; A. P. Harrison, Tuscola, 111.; Alfred Hayward, Camargo, 111.; John
T. Todd, Newman, 111.
H. B. HAMMOKD, Receiver New York, N. T.
J. V. McNeal, Auditor Indianapolis, Ind.
PRINCIPAL OFFICE AND ADDUESS Indianapolis, Ind.
INDIANAPOLIS TJNION RAILWAY COMPANY.
Main Line of Road. — Belt RR. (leased).— Around city of Indianapolis 14.29 miles.
Indianapolis Union RR. : Tracks owned *. 3.23 miles.
Total length of track owned and leased 17.52 miles.
2d track (leased), 6.92 miles ; sidings, 8.70 miles. Gauge, 4 ft. 8* in. Rail, 56 Ibs.
History.— This company was established in 1850. It provides terminal facilities for all
POOR'S MANUAL OF EAILEOADS. 467
the railroads centring at Indianapolis. On October 1, 1882, a lease was taken for 999 years
of the railroad and other property of the Belt RR. and Stock Yard Co. of Indianapolis.
Operations. — This company has no income ; the total expenses of operations during the
year ending December 81, 1886, were as follows : Belt RR., $142,243.56 ; Union tracks, $33,-
264.31 ; Union depot, $38,559.20— total, $214,067.07, which amount was prorated between
the several railroads in proportion to use on train and wheelage basis.
General Balance Sheet, December 31, 1886.
Road, Equipment, etc $1,637,185 89
Materials and Fuel 25,009 78
Loans 254,795 58
Current Accounts 82,321 21
Cash on Hand 78,152 34
Total Assets $2,077,464
Capital Stock $1,326,771 95
Funded debt 600,000 00
Bills Payable 20,000 00
Current Accounts 130,692 85
Total Liabilities $2,077,464
No stock was ever issued by this company, the item " capital stock, $1,326,771.95 " repre-
sentingthe total amount invested hy the five companies owning the property. The companies
are the Jeffersonville, Madison and Indianapolis, Terre Haute and Indianapolis, Cleveland,
Columbus, Cincinnati and Indianapolis, Cincinnati, Indianapolis, St. Louis and Chicago,
and Chicago, St. Louis and Pittsburgh.
In addition to the five proprietary companies, the following railroads use the property
with all privileges and at the same terms as the owning railroads: Indiana, Bloomington and
Western, Indianapolis, Decatur, and Springfield, Indianapolis and St. Louis, Indianapolis and
Vincennes, Cincinnati, Hamilton and Indianapolis, Lake Erie and Western, and Louisville,
New Albany and Chicago.
BOAED OF MANAGEBS. — This board is composed of one representative from each railroad
using the property.
JAMES McCKEA, President Pittsburgh, Pa.
V. T. Malott, Vice-President and Manager Indianapolis, Ind.
Secretary and Treas.— W.N.Jackson. .Indianapolis, Ind. I Chief Engineer— Mi. A. Zook Indianapolis, Ind.
General Supt.— D. F. Whitcomb Indianapolis, Ind. | Auditor— W. P. Ijams Indianapolis, Ind.
PRINCIPAL OFFICE AND ADDKESS Indianapolis, Ind.
BELT RAILROAD AND STOCK YARD COMPANY.— Line of railroad owned :— Around
city of Indianapolis, 14.29 miles. Second track, 6.78 miles — total track, 21.70 miles. Rotting Slock.- Locomotive
engines, 10. Construction cars, 10. Income Account, 1886.— Eental, $49,305.55 ; other receipts, $162,818.34— total,
$212,123.89: Expenses, taxes, etc., $58,159.20 ; construction, $5,512,29— total, $63,671.49. Net income, $148,452.40.
Paid interest on bonds, $60,000 ; dividends (January and July, 3 per cent, each), $60,000— total, $120,000. Sur-
plus, $28,452.40. Finaricial Statement.— C&y\t&\ stock, $1,000,000 ; funded debt ($500,000 6 per cent. 20-year
bonds, due December 1, 18S6 ; $500,000 6 per cent, mortgage 30-year bonds, due April 30, 1911 [authorized, $1,000,-
000] ), $1,000,000 ; unfunded debt, $53,455.48 ; income balance, $131,280.19— total, $2,184,735.67. Contra: Cost of
road, etc., $2,053,067.94 ; investments, $4,795 ; other assets,' $126,872.73— total, $2,lfc'4,735.67. W. R. McKEEN,
President, Terre Haute, Ind. ; Horace Scott, Vice- President, Louisville, Ky. ; R. S. McKee, Treasurer ; W. P.
Ijams, Supt. and Auditor, Indianapolis, Ind. COEPOKATB OFFICK, Indianapolis, Ind.
IRON RAILWAY COMPANY.
Main Line of Road. — Ironton, O., to Centre, O 12.75 miles.
Whitewell Branch : Ironton to White well, 0 2.00
Ellison Branch : Etna Station to Ellit-on, 6 2.25
Cannon's Creek Branch : Etna Station to Cannon's Creek, 0 1.25
Long Hollow Branch : Battles to Long Hollow, O 1.75 — 7.25 miles.
Total length of road owned 20.00 miles.
Sidings, etc., 3 miles. Gauge, 4 ft. 10 in. Rail (steel, 8 miles), 60 Ibs.
History. — The Iron Railroad Company was chartered March 17, 1849, with authority to
construct a railroad from a point, in Lawrence County to the south line of Jackson County.
Of this line a section, 12.75 miles in length, extending from Ironton to Centre Station, was
built in 1853. In 1881 the road passed under the control of the Toledo, Cincinnati and St.
Louis RR. Co., which was then perfecting a va&t system of narrow gauge railroad in the
States of Ohio, Indiana and Illinois, and on the 19th of October that year it was formally
468 POOR'S MANUAL OF RAILROADS.
merged into that organization. In the disintegration of the Toledo, Cincinnati and St. Louis
By. system, which followed in 1884, this line was sold under foreclosure of its divisional
mortgage, June 28, 1884, and purchased for account of the. bondholders, by whom the exist-
ing company, The Iron Railway Company, was subsequently (July 22, 1884), organized. In
the reorganization holders of the old first mortgage bonds received stock in this company, at
the rate of $1,170 for each $1,000 bond, and the old stock was wiped out.
Rolling Stock, June 30, 1886. — Locomotive engines, 4. Cars — passenger, 2 ; freight
(platform, 116 ; coal, 96), 212— total cars, 214.
Operations for year ending June 30, 1886. — Train mileage — freight, 13,584 ; mixed,
20,300 — total, 33,884 miles. Passengers carried, 19,454; carried one mile, 145,905; average
mile rate, 3.18 cents. Tons freight moved, 186,975 ; moved one mile, 1,691,695 ; average
ton-mile rate, 2.88 cents. Earnings— passenger, $4,642.82 ; freight, $48,768.20— total ($2,-
670.55 permile), $53,411.02. Expenses— transportation, $9,042.89 ; motive power, $2,294.70;
maintenance of cars, $3,328.51 ; maintenance way and buildings, $7,819.26 ; general, $9,-
919.37— total ($1,620.23 per mile), $32,404.73.
Net earnings (39.33 per cent.), $21,006.29; rents, etc., $10,015.67; total net revenue,
$31,021.96. Payments : Dividends on stock (January 10, 1886, 2 per cent., $12,000; July 10,
1886, 2i per cent., $15,000), $27,000. Surplus, $4,021.96; deficit from last year, $647.20—
net surplus, $3,37476.
General Balance Sheet, June 30, 1886.
Cost of Eoad §500,000 00
Cost of Rolling Stock 99,500 00
Bills Receivable 4,21746
Current Accounts 2,169 60
Cash on Hand 16,598 25
Total Assets $622,485 31
Common Sfock Paid in $600,000 00
Current Accounts 1,617 70
Sundry Other Dues 2,492 85
Dividend (No. 3), payable July 10, 1886 15,000 00
Profit and Loss... .... 3,37476
Total Liabilities $622,485 31
Annual meeting, third Monday in July.
Toward the close of 1885, the Cincinnati, Hamilton and Dayton BR. Co. submitted a
proposition to the stockholders of this company for the purchase of the road, payment to be
made in $480,000 first mortgage bonds, secured by a deed of trust covering this road and
property, and to be guaranteed by the Cincinnati, Hamilton and Dayton Co. At a meeting of
the stockholders held December 4, 1885, it was voted to refer the matter to a committee. This
committee declined the offer and made a counter proposition of $600,000 first mortgage bonds,
running 50 years, with principal aud interest guaranteed by C. H. & D. RR., interest to be
at the rate of 4£ per cent. It is believed that this proposition will be accepted.
Directors (elected July 19, 1886).— E. E. Floyd, Boston, Mass. ; John Campbell, C. C.
Clarke, Ironton, O.; Geo. 0. Fairbanks, Cincinnati, O. ; Chas. R. Batt, Boston, Mass.
E. E. FLOYD, President 65 Kingston Street, Boston, Mass.
Secretary & Treasurer— John A. Folsom. Boston, Mass, j General Manager— C. C. Clarke Ironton, O.
PRINCIPAL OFFICE AND ADDRESS Ironton, Ohio.
JACKSONVILLE SOUTHEASTERN RAILWAY COMPANY.
Line of Road. — Jacksonville, 111., to Centralia, 111 112.3 miles.
Sidings, 6.05 miles. Gauge, 4 ft. 8* in. Rail (steel, 62.5 miles), 56 Ibs.
History. — Chartered as the Illinois Farmers' RR., and reorganized as Jacksonville North-
western and Southeastern Ry. Co. Present company organized June 28, 1879, and purchased
the J. N. W. & S. E. RR. from Jacksonville to Virden, 30.7 miles, extending it to Litchfield,
23.2 miles, in 1880 ; to Smithboro', 29 miles, in 1882, and to Centralia, 29 miles, in 1883.
The Jacksonville Southeastern Ry., the Litchfield, Carrollton and Western RR., and the
Chicago, Peoria and St. Louis Ry. have been operated under one management as the Jackson-
ville Southeastern Line since early in 1887.
Rolling Stock, June 30, 1886. — Locomotive engines, 6. Cars — passenger, 9 ; baggage,
etc., 2 ; freight (box, 25; coal, 36), 61 ; caboose, 2— total, 74.
POOR'S MANUAL OF RAILROADS. 469
Operations for year ending June 30, 1886. — Train mileage — passenger, 104,364 ; freight,
34,286; mixed, 36,255; other, 4,942 — total. 179,847 miles. Passengers carried one mile,
1,993,347. Freight moved, 110,206 tons. Earnings— passenger, $61,978.84; freight, $96,-
656.26; other, $3,515.92— total, $162,151.02. Operating expenses and taxes, $104,371.28.
Net earnings, $57,779.74. Paid interest, $70,242.34. Balance, deficit, $12,462.60. Surplus
from last year, $33,121.46 ; balance, surplus, $20,658.86.
Financial Statement, June 30, 1886.— Capital stock, $1,000,000 ; funded debt, 1st mort-
gage 6 per cent. 30-year bonds, due 1910, interest January and July, $300,000 ; general mort-
gage 6 per cent. 28-year bonds, due 1910. interest January and July, $883,000 : notes payable,
$20,000 ; vouchers and accounts, $12,620.83 ; profit and loss, $20,658.86— total, $2,236,279.69.
Contra : Construction, $2,060,708.76 ; equipment, $168,433.96 ; materials, $6,410.91 ; due
from agents and companies, $726.06— total, $2,236,279.69.
ROADS OPERATED IN CONNECTION WITH JACKSONVILLE SOUTHEASTERN RAILWAY.
CHICAGO, PEOBIA AND ST. LOUIS RAILWAY.-Pekin to Jacksonville, 111., 73 miles, and
Havana to Springfield, III., 47 miles— total, 120 miles. This company was organized in the interest of the Jackson-
ville Southeastern Ry. Co. in February, 1887, and leases from the receiver of the Wabash, St. Louis and Pacific
Ry., the Peoria, Pekin and Jacksonville and the Springfield and Northwestern lines. Operated in connection
with the Jacksonville Southeastern Ry. Capital stock, $2,000,000. W. 8. HOOK, President ; Marcus Hook,
Treasurer ; E. L. McDonald, Secretary. CORPORATE OFFICE, Jacksonville, 111.
LJTCHFIELD, CARBOLLTON AND WESTERN RAILROAD.— Columbiana toIBarnett, 111.
51.65 miles. Road opened from Columbiana to Greenfield in 1883, and extended to Barnett, Deceniber 21, 1886.
Opened through January 1, 1887. Operated as a branch of the Jacksonville Southeastern Ry., and will probably
be consolidated with it in time. During the past year the company made an issue of first mortgage 6 per cent.
30-year gold bonds to the amount of $300,000. The authorized issue is $10,000 per mile, of which about $4,000 per
mile are reserved for future use. Interest payable January and July. W. S. HOOK, President, Jacksonville, 111.
Directors of J. S. E. Ry. Co. (elected July 22, 1886).— Jno. A. Ayers, Marcus Hook,
M. P. Ayers, A. E. Ayers, W. S. Hook, Jacksonville, 111.; J. H. Dunn, William Elliott,
Philadelphia, Pa.
W. S. HOOK, President Jacksonville, 111.
Sec. and Treas.—M.. P. Ayers Jacksonville, 111. | Gen. Supt., efc.—E. S. Greenleaf Jacksonville, 111.
Auditor — Marcus Hook Jacksonville, 111.
PRINCIPAL OFFICE AND ADDRESS Jacksonville, Dl.
JEFFERSONVILE, MADISON AND INDIANAPOLIS RAILROAD COMPANY.
Main Line of Road. — Louisville, Ky., to Indianapolis, Ind 111.03 miles.
f Madison : Columbus, Ind., to Madison, Ind 44.90 miles.
Branches • -I SMby : Columbus, Ind., to Shelbyville, Ind 23.86 miles.
' i Jeffersonville : New Albany, Ind. , to Jeffersonville, Ind 6.01 miles.
(Shelby and Rush RR. : Shelbyville, Ind., to Rushville, Ind 18.33 miles.
Leased : Cambridge Extension RR. : Rushville, Ind., to Cambridge City, Ind. . . 20.85 miles.
Trackage : Union Ry., at Indianapolis, Ind 0.24 mile.
Total length of lines operated 225.22 miles.
2d track, 3.25 miles ; sidings, 40.01 miles. Gauge, 4 ft. 9 in. Rail (steel, 143.49 miles), 60 Ibs.
History. — This company is successor by consolidation, April 30, 1866, of the Jeffersonville
and the Indianapolis and Madison RR. Cos., the latter chartered as the Madison and Indian-
apolis RR. Co. in June, 1842 ; road opened October, 1847 ; sold under foreclosure, and reor-
ganized March 28, 1862, as Indianapolis and Madison RR. Co. The Jeffersonville RR. Co. was
chartered January 20, 1846, as the Ohio and Indianapolis ; name changed to Jeffersonville RR.
Co. January 15, 1849 ; road opened in October, 1851.
Leased to the Pennsylvania Company from January 1, 1873, the lessee agreeing to pay
interest on the bonds, provide a sinking fund for their redemption, and pay 7 per cent, divi-
dends on the stock. This lease was modified March 8, 1880, to take effect from January 1,
1880, under which the lessees pay over to the lessors the entire net earnings.
Rolling Stock, December 31, 1886. — Locomotive engines, 43. Cars — passenger, 34; bag-
gage, mail and express, 12 ; freight, (box, 570 ; platform and coal, 519 ; stock, 27 ; caboose, 14),
1,130; service, 4 — total cars, 1,180. Of the above, 300 box and 200 platform cars are car
trust cars assigned by the Pennsylvania Co., lessee.
470
POOR 8 MANUAL OF RAILROADS.
Operations for year ending December 31, 1886. — See tabular statement below.
Earnings.— Passenger $868,638 60
Freight 836,450 86
Mai) 26,642 58
Express 19,820 45
Miscellaneous 67,691 52
Expenses.— Transportation $379,472 05
Motive Power 268,392 87
Maintenance of Cars 99.0-2 71
Maintenance Way and Buildings 1G4.497 66
General 50,023 60
Total ($6,455.17 per mile) $1,319,244 01 Total ($4,704.55 per mile) «961 ,408 89
Net earnings (27.11 per cent.), $357,775.12. Add otber receipts, $3,866.13— total, $361,-
641.25. Payments : Interest on bonds, $318,990 ; proportion (£) of loss in operating Cambridge
Extension RR., $1,465.43 ; Cbicago and Ohio River Pool, $45,054.26 ; miscellaneous, $3,097.08
—total, $368,606.77. Balance, deficit, $6,965.52; deficit from last year, $122,878.10— total,
$129,843.62.
General Balance Sheet, December 31 , 1886.
Cost of Road $6,612,060 93
Stocks and Bonds Owned 18,550 00
Sinking Fund, 1st Mortgage 393,301 33
Cash and Other Assets 77,443 59
Profltand Loss 129,843 62
Capital Stock (par, $100) $2,000,000 00
Funded Debt Outstanding 4,938,000 00
Other Liabilities :
Due Pennsylvania Co., Lessee 212,378 72
Unpaid Interest and Dividends 80,820 75
Total Assets $7,231,199 47 Total Liabilities $7,231,199 47
Statement of operations, etc.; for eigbt years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated.
Passenger Train Miles
185.90
429,775
627.580
648.33-2
12,267.788
1,759,949
53,404,508
s
1,246,334
753,470
W5.90
460.111
663,772
779,265
15,165,155
1.9S8.669
62,991,888
s
1,388,565
847,026
185.90
491,399
810,589
928,086
15,926,647
2,405,705
74,226,601
*
1,462,802
1,097,759
204.20
496,716
827,352
1,039,645
17,114,741
2,571,826
75,795,194
$
1,545,198
1,188,391
204.20
546,475
785,605
1,075.496
18,049,924
2,2*9,904
61,221,691
S
1,426,893
1,070,111
204.10
536,024
825,495
983.569
16,963,745
2,197,142
62,482,637
S
1,304,111
1,012,107
204.50
53S.383
793/277
872.074
15,724.895
1,827,055
60,334,333
S
1,232,528
925,922
204.37
5:38.118
812,884
849.073
15,110.965
2,233,375
73,045,622
$
1.319.244
961,468
Freight Train Miles
Passengers Carried
Pa^seiu'er Miles
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings
492,864
335,440
15,000
(7) 140,000
1,801
492,241
6,704 32
4,051 09
2,651 23
60. 45 p. c.
2.92 c.
1.47 C.
$
2,000,000
5,000,000
82,540
541,539
334,530
15,000
(6|)130,000
1,930
481,460
7,469 42
4,556 36
2.913 06
61. 00 p. C.
2.74 c.
1.40 C.
$
2,000,000
5,000,000
84,037
365,043
329,655
15,000
(3) 60,000
9,925
414,580
7,868 76
5,905 10
1,963 66
75.05 p. c.
2.54 c.
1.28 c.
$
2.000,000
4,957,500
84,275
356,807
329,000
100,000
sse.'iss
322,924
15,000
292,004
321,580
15,000
306,606
319,970
15,000
357.775
318,990
15,000
luterest
Sinkin" Fund *
Dividends on Stock
Other Payments
1.826
430,826
7,570 79
5,825 45
1,74524
70.91 p. c.
2.34 c.
1.41 C.
$
2,000,000
4,948,000
102,615
6,039
343,!i63
6,987 72
5,243 26
1,744 40
75.04 p. c.
2.39 c.
1.50 C.
$
2,000,000
4,948,000
86,970
12,063
348,643
6,389 57
4,958 88
1.43069
77.01 p. c.
2.45 c.
1.30 c.
s
2.000,000
4,948,000
106,168
32.492
367,462
5,951 63
4,527 74
1.423 89
76.08 p. c.
2.44 c.
1.22 C.
$
2,000,000
4,&38,nOO
245,429
49,617
368,607
6,455 17
4.70455
1,15002
72.88 p. C.
2.43 c.
1.14C.
$
2,000.000
4,938,000
293,199
Total Payments . . ....
Gross Earning" per Mile.. .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile..
Aver. Rate per ton per Mile. .
Capital Stock
Funded Debt
Other Liabilities
Total Liabilities
7,082,540 7.084,037
6,508,713 6,508,713
7,041,775
6,508,713
7,050.675
6,506,713
7,034.0 70
6,506,713
7,054,168
6,506,713
7.183.429
6,586,811
7.231,199
6,612,061
Construction Account
* Since 1880, paid by lessee in addition to rental (net earnings).
Funded debt consisted, December 31, 1886, of —
l«t mtge. 7 percent. 40-year $1,000 coupon bonds, dne October 1, 1906, int. April and Oct. ($3.000,000)... $2.563,000
2d mtge. 7 per cent. 40-year $1,000 coupon bonds, due July 1, 1910, interest Jan. and July ($2,000,000). . . 1 ,995,000
Annual meeting, first Wednesday after tbird Monday in May. Books close 20 days prior
to meeting, and stock owned tben may be voted. Interest payable at Farmers' Loan and
Trust Co., New York. Trustee of bonds : Jobn P. Green, 283 South 4th Street, Philadelpbia,
Pa. Registrar of stocks : S. B. Liggett, secretary of company.
RAILROADS OWNED OR LEASED BY THE J., M. & I. RR. Co.
SHELBY AND RUSH RAILROAD.— Shelbyvllle, Ind., to Rushville. Ind., 18.33 miles. Operated
as a branch of tlic J.. M. & I. UK. in connection with the Shelbyville Brunch of that road, and the Cambridge
Extension Rll. Opened in May, 1866, and leased to the Pennsylvania Company. Recently consolidated with J.,
M. & I. RR. Co.
POOR'S MANUAL OF RAILROADS. 471
CAMBRIDGE EXTENSION RAII/ROAD.-Rushville, Ind., to Cambridge City. Ind., 20.85 miles
-total track. :>;!.:);> miles. Gauge, 4 it. 9 in. Rail (steel, 9.38 miles), fiO Ibs. Operated by the Pennsylvania Co
mail and express, $1,284.45 ; other, $332.89— total, $37,298.41. Expenses— maintenance of way, $15,570.35 ; cars
$817-58 ; motive power, $11,913.13 ; transportation, $9,311.98 ; other, $3,116.35— total, $40,329.29. Deficit, $2,
Board of Directors J., M. & I. RR. Co., elected May 19, 1886.
J. N. McCullongh. ..Pittsburgh, Pa.
William Itiaw Pittsburgh, Pa.
Thos. D. Messier.... Pittsburgh, Pa.
James McCrea Pittsburgh, Pa.
John P. Green Philadelphia, Pa.
W. H. Barnes Philadelphia, Pa.
8. H. Patterson.. Jeffersonville, Ind.
James L. Bradley.. Edinburgh, Ind.
J. H. McCarupbell... Louisville, Ky. I Joseph I. Irwin Columbus, Ind.
Walter Irwin Louisville, Ky. | Robert McKim Madison, Ind.
GEORGE B. ROBERTS, President Philadelphia, Pa.
Secretary— 8. B. Liggett Pittsburgh, Pa. | Treasurer— John E. Davidson Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Penu Ave. and 10th St., Pittsburgh, Pa.
KANKAKEE AND SENECA RAILROAD COMPANY.
Line of Road.— Kankakee, 111., to Seneca, 111 42.3 miles.
Sidings, 4.8 miles. Gauge, 4 ft. 8i in. Rail (steel, 1.17 miles), 56 Ibs. per yard.
History. — Chartered February 22, 1881. This road, which is an extension of the Cin-
cinnati, Lafayette and Chicago RR. was opened in January, 1882. At Seneca it connects
with the C., R. I. &P. RR. Built under general RR. law of Illinois, with money furnished
by the C., I., St. L. & C. Ry. Co., and the C., R. I. & P. RR. Co., who own all the stock and
bonds, each one-half. Operated by C., I., St. L. & C. RR. Co.
Operations for year ending June 30, 1886. — Train mileage — passenger, 14,154 ; freight,
5,161; mixed, 49,748 — total, 69,063 miles. Passengers carried, 85,252 ; carried one mile, 504,-
384; average mile rate, 2.53 cents. Tons of freight moved, 123,413; moved one mile, 4,294,-
680; average ton-mile rate, 1.11 cents. Earnings— passenger, $17,049.36; freight, $47,389.96;
other, $106.30 — total ($1,541.26 per mile), $64,545.62. Operating expenses and taxes ($1,-
650.94 per mile), $68,988.82. Deficit, $4,443.20; interest accrued and unpaid during year,
$39,000; deficit from last year, $88,873.14— total deficit, $132,316.34.
Financial Statement, June 30. 1886.— Capital stock (par, $50), $10,000 ; funded debt.
1st mortgage 6 per cent. 40-year registered bonds, due July 1, 1922, interest payable January
and July, $650,000; vouchers and accounts, 75 cents; interest unpaid, $154,560.76 — total,
$814,561.51. Contra: Cost of road, $682,228.87; due from freight claims, $7.50; due
from agents, etc., $8.80; debit balance, $132,316.34.
Annual meeting, last Wednesday in October. Trustees of bonds, R. R. Cable and M. E.
Ingalls.
Directors (elected October, 1886).— R. R. Cable, W. G. Purdy, Chicago, 111.; T. P. Bon-
field, Kankakee, 111.; M. E. Ingalls, E. F. Osborn, Cincinnati, 0.
T. P. BONFIELD, President Kankakee, 111.
Secretary— E. P. Osborn Cincinnati, O. | General Supt.—J. W. Sherwood Indianapolis, Ind.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
LAC LA BELLE AND CALUMET RAILROAD COMPANY.
Line of Road. — Lac La Belle, Mich., to Delaware Mine, Mich 7.63 miles.
Gauge, 3 ft. Rail (^teel), 50 Ibs.
History. — Organized March 28, 1883 ; road opened November, 1883. Road owned by
the Conglomerate Mining Co., and operated chiefly in conjunction with that company's private
business.
Rolling' Stock. — Locomotive engines, 2. Freight cars (box, 2; platform, 6; ore, 24), 32.
Financial Statement, December 31, 1883.— Capital stock, $146,200. Contra: Cost of
road, $114,838.80; rolling stock, $30,663.41.
472 POOR'S MANUAL OF RAILROADS.
Directors.— Henry C. Davis, Edward Hoopes, Charles W. Trotter, George Burnham, J.
E. Gillingbam, Philadelphia, Pa.
HENRY C. DAVIS, President Philadelphia, Pa.
Secittary and Treas.—Q. H. Lewars. .Philadelphia, Pa. | General Supt.~C. H. Palmer, Jr.. Delaware Mine, Mich.
PRINCIPAL OFFICE AND ADDRESS 308 Walnut Street, Philadelphia, Pa.
LAKE COUNTY (FOREST) RAILROAD COMPANY.
Line of Road. — Elk, Mich., to Forest terminal 8 miles.
Gauge, 4 ft. 8£ in. Rail, 35 Ibs. per yard.
History. — Chartered September 8, 1880 ; road opened from Elk, on the Pere Marquette
River to logging camp August 20, 1880. This is a forest road and used exclusively for haul-
ing lumber. When the timber is exhausted the track will be taken up and the road aban-
doned.
Rolling: Slock. — Locomotive engines, 3. Logging cars, 40.
Operations for year ending December 31, 1886. — Freight moved, 64,405 tons. Gross
earnings, $16,101.38; operating expenses, $14,500.00; net earnings, $2,101.38.
Financial Statement, December 31, 1886.— Capital stock, $60,000 (par value, $100); pay
rolls, $500; profit and loss, $7,580.63— total, $68,080.63. Cost of road, $37,500; equipment,
$22,500; bills receivable, $500; cash, $7,580.63.
Directors (elected September 1, 1886).— Thomas R. Lyon, John S. Woodruff, M. A.
Neilan, Lucius K. Baker, Ludington, Mich.; John B. Lyon, Chicago, 111.
THOMAS R. LYON, Managing Director Ludington, Mich.
PRINCIPAL OFFICE AND ADDRESS Ludington, Mich.
LAKE ERIE, ALLIANCE AND SOUTHERN RAILWAY COMPANY.
Line of Road.— Bergholz, O., to Phalanx, 0 60.8 miles.
Sidings, etc., 4.16 miles. Gauge, 4 ft. 8| in. Rail (steel), 56 Ibs.
History. — The Cleveland, Youngstown and Pittsburgh Ry. Co. was organized March
28, 1881, and subsequently acquired the properties of the Alliance and Lake Erie, and the
Steubenville, Canton and Cleveland RR. Cos. The former company was organized as Lake
Erie, Alliance and Wheeling. February 10, 1874; road opened from Alliance to Phalanx, 25
miles, May 10, 1877; was sold under foreclosure, and reorganized under the name of A. & L.
E., May 11, 1878. The S., C. & C. RR. Co. was organized December, 1877, and was owner
of 3,000 acres of coal lands, 12 miles of graded road-bed, 35 miles of right of way paid for,
and property for terminal facilities at Steubenville, on the Ohio River. The road was ex-
tended from Alliance to Bergholz in 1883. On March 3, 1884, it was placed in the hands of
a receiver on application of certain creditors. Sold under foreclosure in December, 1886. and
purchased for account of the bondholders, in whose interest tLe existing Lake Erie, Alliance
and Soutliern Ry. Co. was organized January 19, 1887. It is proposed to extend the road
from Bergholz to Steubenville and from Phalanx to Fairport on Lake Erie.
Rolling Stock, June 30, 1886. — Locomotive engines, 3. Cars — passenger, 2; baggage,
mail, and express, 2 ; freight, 23. Leased, included above, 1 locomotive, 1 passenger car, and
1 freight car.
Operations for year ending June 30, 1886. — Train mileage— passenger, 36,050; freight,
38,180 — total, 74,230 miles. Passengers carried, 37,466; carried one mile, 502,321; average
mile rate, 2.68 cents. Tons freight moved, 103,421.
Earnings.— Passenger $13,479 79
Freight 40,025 00
Mail 1,115 76
Express 1,218 37
Miscellaneous 18620
Expenses.— Transportation $16,169 48
Motive Power 9,779 51
Maintenance of Cars 1,343 84
Maintenance Way and Buildings. 17,048 18
General 7,034 27
Total ($921.47 permile) $56,025 13 Total ($844.97 permile) $51,374
POOR'S MANUAL OF RAILROADS. 473
Net earnings (8.30 per cent.), $4,650.84. Paid rentals, leased lines, $3,169.48. Surplus,
$1,481.36.
Financial Statement.— None furnished. There were outstanding at the time of the eale
$1,600,000 6 per cent, first mortgage bonds of August 15, 1882, due July 1, 1921, interest
payable January and July. It is said that the stock of the new company amounts to $2,300,-
000.
Directors.— R. G. Richards, Silas J. Williams, Henry G. Morse, S. R. Morgan, Fisher A.
Baker, A. L. Griffin, L. McLawson.
A. L. GRIFFIN, President Pittsburgh, Pa.
Vice-President— S. J. Williams Alliance, O. | Superintendent— E. E. Scranton Alliance, O.
PRINCIPAL OFFICE AND ADDRESS Alliance, O.
LAKE ERIE AND WESTERN RAILROAD COMPANY.
Main Line of Road.— Sandusky, O., to Bloomington, 111 376.80 miles.
Minster Branch : St. Mary's to Minster, O . . 10.11 miles.
Total length of road 386.91 miles.
Sidings, etc., 45. S5 miles. Gauge, 4 ft. 8£ in. Rail (steel, 194.20 miles), 56 Ibs.
History. — The L. E. & W. Ry. Co. was a consolidation, January 1, 1880, of the Lafayette,
Bloomington and Mississippi RR., 81 miles, opened in 1871 ; the Western Division, Lafay-
ette, Muncie, and Bloomington, 35.4 miles, opened in 1871 ; the Eastern Division of the last
named road, 84.6 miles, opened in 1876 ; the Indianapolis and Sandusky, 53.5 miles, opened
in 1879 ; and the Lake Erie and Louisville RR. Co., whose road extended from Fremont to
Findlay, 36.5 miles, opened in 1856; Findlay to Lima, 30.7 miles, opened in 1860; Lima to St.
Mary's, 22.1 miles, opened in 1872; St. Mary's to Minster, 9.2 miles, opened in 1874; and St.
Mary's to Celina, 9.2 miles, opened in 1877. The extension to Sandusky was completed in
1881. At Bloomington, 111., the company uses 0.9 mile of the track of the I., B. & W. RR.,
and at Lima, O., 0.1 mile, D. &M. RR., making the total length of line operated 387.81 miles.
The Cincinnati, Lafayette and Chicago RR. Co. uses 18.7 miles of this company's tracks be-
tween Lafayette and Templeton Junction, paying therefor a fixed rental based upon valua-
tion, and cost of repairs and renewals based upon usage. Consolidated in May, 1885, without
change of name, with the Lake Erie and Mississippi RR. Co., organized a short time pre-
viously to build an extension of the Lake Erie and Western from Bloomington to Peoria,
III., 43 miles. On April 25, 1885, a receiver was appointed on application of judgment
creditors. On May 1, 1885, default was made in payment of interest on L., B. & M. 1st
mortgage bonds. Other defaults followed and suits for foreclosure were instituted. Road
pold December 13, 1886. Present company organized February 9, 1887. On the 15th of
March, 1887, the company purchased the Michigan City and Indianapolis division of the
Wabash, St. Louis, and Pacific, extending from Michigan City to Indianapolis, 160 miles.
See Wabash.
Rolling Stock.— Locomotive engines, 53. Cars— passenger (coaches, 19 ; chair, 3 ; busi-
ness, 1), 23 ; baggage, etc., 14 ; freight (box, 1,577 ; stock, 127 ; caboose, 25 ; flat, 249 ; coal,
132), 2,110— total, 2,147. Also, 2 other cars.
Operations for year ending June 30, 1886. — Train mileage — passenger, 500,219 ; freight,
593,329; other, 41,500 — total, 1,135,048 miles. Passengers carried, 441,856; carried one
mile, 11,617,431; average rate, 2.47 cents. Freight moved, 687,188; moved one mile, 96,790,-
862 tons ; average per ton, 0.774 cent.
Earnings.— Passenger Department $336,661 49
Freight Department 833,992 00
Miscellaneous 33,657 29
Total ($3,0^6.02 per mile) $1,194,010 78
Expenses.— Maintenance of Way $330,259 69
Eepairs Rolling Stock 114,520 78
Transportation, Taxes, etc 588,494 34
Total ($2,670.58 per mile) $1,033,274 81
Net earnings (13.46 per cent.), $160,735.97. Payments : Principal and interest ou un-
funded debt, $56,549.08; rentals, $6,574.01; construction charged to operation, $15,963.32
474 POOR'S MANUAL OF RAILROADS.
—total, $79,086.41. Balance, surplus, $81,649.56; deficit from last year, $623,729.68— net
deficit, $542,080.12.
Financial Statement, March 1, 1887.— Capital stock— preferred, $8,600,000; common,
$8,600,000; funded debt, first mortgage 5 per cent. 50-year $1,000 gold coupon bonds, due
January 1, 1937, interest payable in New York January and. July, $4,300,000 — total stock
and bonds, $21,500,000. Cost of property at. foreclosure, $5,740,000.
In April, 1887, the company made an additional issue of $1,620,000 first mortgage bonds,
and offered to stockholders 37£ per cent, of their holdings in new stock, preferred holders to
pay 50 and common 20 for the new stock, the proceeds of stock and bonds to pay for the line
from Michigan City to Indianapolis, formerly a part of the Wabash, but purchased by this
company March 15, 1887.
The incorporators of the new company are Columbus R. Cummings, James High, John
B. Cohrs, Chicago, 111. ; Calvin S. Brice, Samuel Thomas, New York, N. Y.
C. R. CTTMMINGS, President Chicago, 111.
Calvin S. Brice, Vice-President New York, N. Y.
Asst. Treawrer—k.. D. Thomas Bloomington, 111. | Gen. Manager— George L. Bradbury. .Bloominfrton, HI.
Auditor— A.. J. Castater Bloominsrton, 111. | Gen. Traffic Manager— K. C. Parker. .Bloomington, 111.
Atst. Auditor— W. A. Wildhack Bloomington, 111.
PRINCIPAL OFFICE AND ADDRESS Bloomington, 111.
LAKE SHORE AND MICHIGAN SOUTHERN RAILWAY COMPANY.
Main Line of Road.— Buffalo, N. Y., to Chicago, 111 540.49 miles.
( Millbury : Elyria to Millbury, 0 72.05 miles.
Elkhart : Junction to Elkhart, Ind 130.83 miles.
Jackson : Junction to Jackson, Mich 41.98 miles.
Branches: •{ Monroe : Junction to Monroe, Mich 29.37 miles.
Jamestown : Ashtabula, 0., to Jamestown, Pa 35.98 miles.
Sandusky Pier, 3.72 : Adrian, 5.72 ; AsMabula Har-
t bor, 2.33 ; Dunkirk, 1.50 18.27 miles.— 324.38 miles.
T>_ • ( Detroit, Monroe and Toledo RR 62.36 miles.
p P™f y I Kalamazoo and White Pigeon RR 36.57 miles.
( Northern Central Michigan RR 61.14 miles. -
[ Northern Central Michigan RR 61.14 miles.— 160.07 miles.
Kalamazoo, Attegan and Grand Rapids RR 58.42 miles.
| Jamestown and Franklin RR 50.91 miles.
Leased Lines :-{ Mahoning Coal RR. (and 4.74 miles branches). . . 43.05 miles.
Detroit. Hillsdale and Southwestern 65.20 miles.
[ Fort Wayne and Jackson RR 97.83 miles.— 315.41 miles.
Total length of road operated 1,340.35 miles.
2d track, 266.24; sidings, 554.90 m. Gauge, 4 ft. 8£ in. Rail (steel, 1,679.09 m.), 60 and 65 Ibs*
History. — The Lake Shore and Michigan Southern Railway Company was foimed by a
consolidation, in 1869, of the—
1. Michigan Southern and Northern Indiana — Chicago to Toledo, with branches :
2. Cleveland and Toledo— Toledo to Cleveland :
3. Cleveland, Painesville and Ashtabula — Cleveland to Erie :
4. Buffalo and Erie — Erie to Buffalo.
For early history of these several organizations see MANUAL for 1885, page 549.
The length of the several lines acquired by the consolidation of 1869, including the
Detroit, Monroe and Toledo RR., 62.36 miles, was 927.23 miles. The share capital of the con-
solidated company was $34,938,000 ; funded debt, $22,283,000 ; floating debt, $416,557— total
stock and debt, $57,637,557. The mileage acquired since the consolidation has been : The
Kalamazoo and White Pigeon, 36.57 miles, by purchase ; the Northern Central of Michigan,
61.14 miles, and Ashtabula Branch, by construction ; and the Kalamazoo, Allegan and Grand
Rapids, 58.42; the Jamestown and Franklin, 50.91; the Mahouing Coal, 43.05 miles; the
Detroit, Hillsdale and Southwestern, 65.20 miles ; and the Fort Wayne and Jackson, 97.83
miles — 315.41 miles in all, by lease.
POOR'S MANUAL— LAKE SHORE AND MICHIGAN SOUTHERN RY. CO. 475
In 1882 th's company purchased a controlling interest in the capital stock of the New
York, Chicago and St. Louis Ry. Co., issuing in payment therefor $6,500,000 of its second
consolidated mortgage bonds.
Rolling Slock, December 31, 1886.— Locomotive engines, 526. Cars— passenger (1st
class, 134; 2d class, 26; emigrant, 20), 180; postal, 81; baggage, etc., 86. Freight (box,
9,941 ; stock, 1,362 ; oil, 205 ; platform, 1,906 ; coal, 2,787), 16,261 ; caboose, 266— total rev-
enue cars, 16,824. Also 2 pay, 3 dining, 10 derrick, 147 dumper and 6 tool cars.
Operations for year ending December 31, 1886 (1,340.35 miles). — Trains run — passenger,
3,726,468 ; freight, 6,834,263), 10,560,731 miles. Total engine service, 14,675,127 miles. Pas-
sengers carried, 3,715,508; carried one mile, 191,593,135. Average fare per mile, 2.098 cents.
Tons freight moved, 8,305,597 ; moved one mile, 1,592,044,766. Average rate per ton, 0.639
cent.
Earnings.— Passenger $ 4,020,549 86
Freight 10,329,62532
Express 400,717 72
Mail 767,92480
Miscellaneous 340,637 77
Expenses.— Mnintenance of Way $2,044,043 40
Maintenance of Cars 793,101 37
Repairs Locomotives 547,189 69
Fuel for Engines 623,671 83
Transportation 4,446,564 86
Miscellaneous, Taxes, etc 1 .277,050 85
Total ($11,832.32 per mile) $15,859,455 47 i Total ($7,260.00 per mile) §9,731,622 00
Net earnings (38.64 percent.), $6,127,833.47. Add interest and dividends received, $110,-
751.68— total, $6,238,585.15. Payments : Interest, $3,326,480 ; rentals, $443,900.28: dividend
on guaranteed stock. $53,350 — total, $3,823,730.28. Balance, surplus over fixed charges, $2,-
414,854.87, from which was paid dividend No. 36, 2 per cent. Feb. 15, 1887, $989,330, leaving
net surplus for year, $1,425,524.87. Add surplus from last year. $6,604,509.94, and excess of
sundry credit items, $3,736.17 — total surpius as per general balance sheet, January 1, 1887,
$8,033,770.98.
Interest, dividend and rental payments were as follows : Interest — L. S. & M. S. RR.,
$3,217,800 ; D., M. & T. RR., $64,680 ; K. & W. P. RR., $44,000. Dividends— 10 per cent,
on the guaranteed stock, $53,350; 2 per cent, on common stock, $989,330. Rentals : Erie and
Kalamazoo RR., $30,000; Kalamazoo, All egan and Grand Rapids RR., $103,800; Detroit,
Hillsdale and Southwestern RR., $54,750 ; Jamestown and Franklin RR. (30 per cent, of earn-
ings), $33,190.36; Mahoning Coal RR., $94,632.04; Fort Wayne and Jackson, $127,527.88.
Statement of mileage, equipment, and general account for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Operated
Miles Railroad Owned
Miles of Track
1,177.67
1,024.94
1,882.18
1,082.00
495
167
83
10,946
8
50,000,000
37,439,000
540,546
2.005.335
3,078,562
1,177.67
1,024.94
1,893.66
1,125.11
494
167
82
13,205
$
50,000,000
37,189,000
822,729
2,005,335
4,702,224
1,177.67
1,024.94
1,946.66
1,238.00
532
154
104
15,604
8
50,000,000
38,439,000
1,115,402
1,016,005
4.712,490
1,274.00
1,024.94
2,142.38
1,361.49
547
174
123
16,639
8
50,000.000
44,716,000
2,1.33,677
1,016,005
4,896,002
1,339.94
1,024.94
2,150.88
1,440.83
553
174
117
16,492
8
50,000,000
44,466,000
2,506,588
1,016.005
4,951,678
1,340.35
1,024.94
2,154.59
1,521.76
553
182
119
16,355
S
50.000,000
47,716,000
2,975,161
26,675
4,547,257
1,340.35
1,024.94
2,155.82
1,595.36
535
182
117
16,629
I
50.oon.ooo
47,466,000
1.131.670
2fi.fi To
6,604,510
1,340.35
l,0-'4.94
2,161.49
1,679.09
526
180
117
16,690
S
50,000,000
47,216.000
839,148
1.016,005
8,033,771
Miles of Steel Rail
Locomotive Engines
Passenger Cars
Basrgajre, Mail, etc.. Cars. .
Freight (= 8-wh.) Cars. . . .
Capital Stock..
Funded Debt
Accts. P'ble. Dec. Li'bil'ies
February Dividend
Inc. Bal. (Profit and Loss).
Total Liabilities. . . .
93,063,443
68,862,600
14,378,000
1,877,879
4.118.218
225,376
756,857
94,719,287
68,862,600
14,378,000
1,897,485
4,228,73-2
223,596
973,786
95,282,897
69.848,600
16il50,000
2,112,169
3,788,099
305,798
1,166,890
102.761,684
69,848,000
17,169.000
2,123,909
10.484,209
306,780
1,355,153
102,940,271
70,048,600
17.300,000
2,136.754
10,968,097
365,780
1,221,178
105,265,092
70,048.600
17,300,000
2.126,530
12,989,332
365,780
966,311
105,228,855
711,048,600
17,800,000
2,148,559
12,868.1157
365,780
673,474
107.104.924
66,700,000
17.300,000
2,189.502
16,188,057
354.167
596,430
Railroad .
Equipment
Jamestown & Franklin RR
Other Slocks, Bonds, etc. .
Gen. Office Property, etc..
Materials and Supplies. . .
Bills Receivable
Accounts Receivable
Cash on Hand
367,379
2,477,134
744,291
3,410,798
1,126,672
724,669
880,758
534,275
582,544
317,320
1,249,859
218,682
1,588.590
235,795
1.216,840
2.559,928
Total Assets
93,063,443
94,719,287
95,202,897 102,761,684
102,940,271
105,265,092
105,228,855
107,104,924
476 POOR'S MANUAL— LAKE SHOBE AND MICHIGAN SOUTHERN RY. co.
Statement of earnings, expenses and fixed charges for seventeen years
YEAR.
Miles.
Gross
Earnings.
Operating Expenses.
Net
Earnings.
Fixed
Charges.
Dividends.
Earned.
Paid.
1870
1,013
1,074
1,136
1,177
1,177
1,177
1,177
1,177
1,177
1,177
1,177
1,177
1,274
1,340
1,340
1,340
1,340
$
13,509,236
14,898,449
17,699,935
19,414,509
17,146,131
14,434,199
13,949,177
13,505,159
13,979,766
15,-i71.492
18,749,461
17,971.391
18,225.639
18,513,656
14.843,584
14.133.506
15,859,455
$
8,368,821
9.779,806
11,839,526
13,746,598
11,152,371
10,531,501
9.574,886
8,963,966
8,486,601
8,934,524
10,418,105
11,278,429
11,057,807
11,001,854
9,1.33,522
9,287,537
9,731,622
p. c.
61.95
65.64
66.90
70.90
65.04
72.96
68.64
66.37
60.70
58.50
.55.56
62.76
60.67
59.43
61.53
65.71
61.36
$
5,140,415
5,118,643
5,860,409
5,667,911
5,993,760
3,902,698
4,374,341
4,541,193
5,493,165
6,336,968
8,331,356
6,692,962
7,167,^32
7,511.802
5,710,062
4,845,969
6,127,833
S
1,828,897
2,121,161
2,201. 459
2.654,5tiO
3.00S.193
2,810.294
2.759.9-9
2,775,657
2,718.702
2,754,988
2,750,374
2.72.1.375
3.027,000
3.498.806
3,720,670
3.SH7.456
3,712,978
S
9 60
8 37
8 55
6 10
6 04
2 20
3 26
3 57
5 61
7 24
11 28
8 0-2
837
8 11
4 02
1 98
488
8
800
8 00
8 00
4 00
:! 2.->
2 00
3 25
2 00
4 00
6 50
8 00
800
800
8 00
5 00
2'65
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884..
1885
1886
Statistics of passenger business for seventeen years :
YEAR.
Number
Passengers
Carried.
Average
Distance.
Passengers
One Mile.
Revenue.
Receipt
per Pass,
per Mile.
Cost per
Passenger
per Mile.
Profit per
Pussrii'jtT
per Mile.
1870. . .
2,065,440
77
160,500,114
$
4.192,960
Cent.
2 612
Cent.
1.708
Cent.
904
1871
2,046,428
70
142 684,243
4 006,724
2 808
1 939
869
1872
2 212 754
74
162 30x 4(>5
4 218 5-13
2 599
1 814
785
1873
2,845,163
63
179,3t>3,173
4,5159,730
2 542
1.S78
.664
1874 .
3096263
56
173 224 572
4,249,022
2 452
1 678
774
1875
3,170,234
52
164,950,861
3,922,798
2 378
1.824
.554
1876
3.119,923
56
175.510,501
3,664,148
2.090
1.515
.575
1877
2,742,295
50
13S,116,618
3 203,200 "*
2 319
1 647
.672
1878
2 746 032
49
133 702 021
3,057 393
2 287
1 276
1 012
1879
2,822 121
50
141 162 317
3,138 003
2 223
1 174
1 f>49
1880
3,313,485
53
176,148 767
3,761,008
2 135
1.086
1 049
1881
3,682.006
56J
207,953,215
4,134,788
1.988
1.120
.868
1882
4,118,a32
55
227,098,958
4,897,185
2.157
1 166
.991
1883
3,909,356
55
215,715,155
4.73U.OS8
2 196
1.278
.918
1884
3,629,196
52±
190,503.852
4,133,729
2 170
1.254
.916
1885
3,479,274
51
176,830,308
8,639.375
2.058
1.250
.808
1886
3,715,508
51J
191,593,135
4,020,550
2 098
1.301
.797
Statistics of freight business, seventeen years, 1870 to 1886, inclusive :
YEAB,
EAST-BOUND.
WEST-BOUND.
Tons.
Earnings.
Tons.
Carried.
One Mile.
Cents
per Ton
p. Mile.
Tons.
Earnings.
Tons
Carried
One Mile.
Cents
per Ton
p. Mile.
1870...
2,036,753
, 2.564,708
2,997,556
3,447,790
3;715,071
3,381,876
8,807,061
3,718,449
4,228.390
4.MM59
5,077,371
5,133,657
4,892,118
4,687,809
4,006.220
4.341. 'lid
4,328,656
$5.586,697
7.143,075
8,488.927
9,994,546
8,273,159
6,466,969
6,421,447
6,175.884
6,683.006
7,144,042
8,813,33.->
6,851,182
6,554,829
7,018,156
6,184,770
6,042.751
5,636,875
412,067,965
526,397.486
667,369,119
770,423,7a>
753,633,140
677,979,702
827,020.640
' 747,274,720
995,021,834
1,197,135,107
1,179,292,211
1,157,415,231
1, 020,25s. 772
954,645,205
W2.004.913
1)54.301,180
880,024,016
1.356
1.357
1.272
1.297
1.098
0.954
0.776
0.826
0.672
0.597
0.747
0.592
0.642
0.735
0.623
0.528
0.641
941,972
1,219,817
1,445,536
1.728,871
1,506.196
1,640,614
1,768,136
1,794.949
1,870,055
2.59S.042
3,272.965
4,080,861
4,303.420
3,891,396
3,359,468
3.681,483
3,976,941
83,047.7:.-)
3.1K52,7S4
4,217,950
4,074,856
3,518.453
3,063.069
2,841.276
3,ir>2,365
8,152,463
3,97ti.lS4
5,077, 2 OS
5.624.516
5,324, 1(70
5.276,523
4,017.!Hi>
3,816,270
4,531,980
161,967,606
207.273.210
257.475,021
283,503.404
245,708.941
2( 15. 056,459
306.814,188
332.730.s41
34.->.4»5,W2
53H,2S8.333
r,71.s73,S07
8W.3Crfi.-J37
S72.ti09.452
734,S67,210
578.540,761
848,266,856
712,020.750
1.882
1.478
1.688
1.437
1.432
1.155
0.1)26
0.947
0.1)13
0.741
0.756
0.651
0.610
0.718
0.694
0.5S9
0.636
1871
1872
1873
1874
1875
1876
1877
1878 ..
1879
1880
1881
1882
1883
1884...
1885
1886
POORS MANUAL— LAZE SHORE AND MICHIGAN SOUTHERN RY. CO.
477
Statistics of freight business — Continued.
YEAR.
TOTAL, EAST AND WEST.
Cost
per Ton
pei-
Mile.
Profit
per Ton
per
Mile.
Total
Earnings
Including
Miscel-
laneous.
PERCENTAGE.
Aver.
Miles
Hauled
p. Ton.
Tons.
Earnings.
Tons.
Carried.
One Mile.
Cent?,
per Ton
p. Mile.
East-
ward.
West-
ward.
1870 ..
2,978,725
3,784,525
4,443,092
B.ire,e«i
5,321,267
6,022,490
5,685,167
5,513.398
6,098.445
7,541,294
8,350,336
9,164,508
9,195,538
8,478,605
7,365,688
8,023,093
8 305,597
$8,634,472
10,205,859
12,706,883
14,069,402
11,791,612
9,530,038
9,202,723
9,328,249
9.836,159
11,120,226
13,896,568
12,475,698
11,879,799
12,294,679
9,2(32,710
8,859.021
10,168,855
574,035,571
733,670,696
924,844,140
1,053,927,189
999,342,081
943,236,161
1,134,834,828
1,080,005,561
1,340,467,826
1,733,423,440
1,851,166,018
2,021,775.468
1,892,868,224
1,689,512,415
1,410,545,674
1,602,567,035
1,592,044,766
1.504
1.391
1.374
1.3&-J
1.180
1.010
0.817
0.864
0.734
0.642
0.750
0.617
0.628
0.728
0.652
0.553
0.639
0.932
0.913
O.H20
0.946
0.767
0.737
0.561
0.573
0.474
0.398
0.435
0.414
0.413
0.452
0.426
0.399
0.410
0.572
0.478
0.454
0.389
0.413
0.273
0.256
0.291
0.260
0.244
0.315
0.203
0.215
0.276
0.226
0.154
0.229
$8,746,126
10,341,218
12,824,862
14,792,399
11,918,850
9,639.038
9,405.629
9,476,608
10,048,952
11.288,261
14,077,294
12,659.987
12,022,577
12,480,094
9,358,816
9,031,417
10,329,625
71.8
71.7
72.2
73.1
75.4
71.9
72.9
69.2
74.2
69.1
60.8
57.2
53.9
56.5
59.0
59.5
55.3
28.2
28.3
27.8
26.9
24.6
28.1
27.1
30.8
25.8
30.9
39.2
42.8
46.1
43.5
41.0
40.5
44.7
192.7
193.9
208.2
203.6
191.4
187.8
201.2
195.9
219.8
229.9
221.7
220.6
205.8
199.3
191.5
199.7
191.7
1871
J872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885.
1886
Statement of miles operated and gross earnings, all lines, 1837-1886 :
T'R.
Miles
Op'd.
Gross
Barn's.
Y'H.
Miles
Op'd.
Gross
Earn 'gs.
Y'R.
Miles
Op'd.
Gross
Earnings
Y'R.
Miles
Op'd.
Gross
Earnings
Y'R.
Miles
Op'd.
Gross
Earnings.
1837.
33
$ '
55,821
1847.
99
$
133,858
1857.
887
$
5,576,849
1867.
974
$
11,958,266
1877.
1,177
$
13,505,159
183S.
33
50,486
1848.
99
97,627
1858.
887
4,904,653
1868.
974
12,230,485
1878
1,177
13,979,766
1839.
33
46,169
1849.
99
103,240
1859.
887
4,306.028
1869.
1,013
12,975,415
1879.
1,177
15,271,492
1840.
33
35,544
1850.
121
162,235
1860.
88~
4,945,843
1870.
1,013
13,509.236
1880.
1,177
18,749,461
1841.
66
45.085
1S51.
149
305,868
1861.
88~
5,415,521
1871.
.' 1,074
14,898,449
1881.
1,177
17,971,391
1842.
66
40,3(12
1852.
293
820.471)
1862.
88"
7,411,611
1872.
1,136
17,699,935
1882.
1,274
18,225,639
1843.
83
51.030
1853.
540
3,248,904
1863.
f>87
8,675,874
1873.
1,177
19,414,509
1883.
1,340
18,513,656
1844.
1845.
99
99
88,345
91,157
1854.
1855.
540
625
4,420,061
5,554,024
18134.
1865.
887
887
10,565,721
11,957,612
1874.
1875.
1,177
1,177
17,146,131
14,434,199
1884.
11885.
1,340
1,340
14,843.584
14,133,506
1846.
99
114,974
1856.
625
6,251,323
1866.
88-
12,237,015
1876.
1,177
13,949,177
1886.
1,310
15,859,455
Statement of freight forwarded from Chicago for twenty-nine years :
YEAR
Tons.
Mile
Rate.
YEAB
Tons.
Mile
Rate.
YEAR
Tons.
Mile
Rate.
YEAR
Tons.
Mile
Rate.
YEAR
Tons.
Mile
Rate.
c.
c.
c.
c.
c.
1858.
43,304
2.380
1864.
140.496
2.833
1870.
373,873
1.504
1876.
732,259
0.817
1882.
949,925
0.628
1859.
69,088
2.202
1865.
155,987
2.903
1871.
403,260
1.391
1877.
594,972
0.864
1883.
904,253
0.728
1860.
110,886
2.157
1866.
221,631
2.476
1872.
606,244
1.374
1878.
885,000
0.734
1884.
812,504
0.652
1861.
150,734
2.092
1867.
214,395
2.427
1873.
726,278
1.335
1879.
1,082,560
0.642
1885.
929,244
0.553
1862.
196,416
2.099
1868.
246,960
2.336
1874.
677.639
1.180
1H80.
1,084,67'3
0.750
1886.
720,328
0.639
1863.
197,301
2.296
1869.
327,345
1.714
1875.
585,883
1.010
1881.
1,184,020
0.617
General Balance Sheet, December 31, 1886.
Capital Stock, Guar $533,500
Capital Stock, Com 49,466,500— $50,000,000 00
Funded Debt (L. 8. & M. S. Ry.) 45,692,000 00
Funded Debt (D., M. & T. RR.) 924,00000
Funded Debt (W. P. & K. RR.) 600,000 00
December Liabilities 839,14814
Dividends, February, 188? 1.016,005 00
ProfitandLoss «... 8,033,770 98
Construction (864.87 m.) $66,700,000 00
Equipment (526 engines, 16,992 cars) 17,300,00000
Proprietary Roads (160.07 m.) 3,348,600 00
Jamestown and Franklin RR 2,189,501 77
Chicago and Canada Southern Ry 715,000 00
Stocks and Bonds 11,846,469 56
Supplies, Fuel, etc 596,42971
Sundry Dues and Assets 1,571,00756
Valley Ry.— Advances 277,987 86
CashonHand 2,559,92766
Total Assets $107,104,924 12 | Total Liabilities $107,104,924 12
Annual meeting, first Wednesday iu May, at Cleveland, O. : books close for annual meet-
ing thirty days prior thereto ; books close for dividends thirty days prior to payment of same.
Stock and bonds listed on New York Stock Exchange. Dividends and coupon interest paid
and stock transfers at New York office. Interest on registered bonds, registered bonds trans-
fers and registrar of stock, Union Trust Go. of New York.
478 POOR'S MANUAL — LAKE SHORE AND MICHIGAN SOUTHERN RY. co.
Classification of tonnage :
Year.
Coal
and
Stone
and
Petro-
leum.
Pig
ana
other
Lumber
and other
Forest
Ani-
mals.
Grain.
Agri-
cultural
Prod.
Flour.
Pro-
vis'ns.
Manu-
fac-
Merch.
and
other
Total.
Coke.
Lime.
Iron.
Products.
(except
Grain.)
tures.
Articl's.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
1870..
215,997
95,521
260,959 142,790
334,581
276,531
451,431
149.031
252,163 132,645
199,547
467.529 2. '.178,725
1871 . .
241,994
118,586
380,203 158,995
303,068
319.721
753,15)7
219,040
256,146204,934
208.465
560. 1763,784,525
1872..
331,819
142,296
368,113
182,278
458,8.)9
421,644
931,992
167,496
231,460233,915
194,797
778,423 4,443,092
1873..
518,644
164,949
035,040
167,534
530,683
480,623
816,267
232,687
272,67 7 Xi 9,044
182,091
896,4255. 116.661
1874..
1875..
662,3,1!
694,65-
171,102
150,613
(88,866
:>30,796
166,847
202,754
572,869
511,651
438,409
410,851
957,721
870,335
185,787
181488
299,763 237,067
204,585258,544
167,142
190,894
873,31,6 5.221,207
755,li26 5.022,490
1876..
827,252
141,928
58S>,022
183,069
469,097
486,734
1,055,589
205,44.)
308.007270,274
19S.804
899,8465,685,187
1877..
754,859
128,025
755,952
191,545
490,022
410,165
1,030,211
172.400
260,381 210,260
192,110
917,402 5.513,398
1878..
717.423
111,373
509,964
227,523
468,475
544,009
1,384,868
229,032
314,969 345,738 261,727 923,344 ti.i )!i8.4-i5
1879. .
1,053,825
144,46^'
470,449
382,566
633,72!
616,812
1,841,120
277,895
335.868 286,1)83 299,357 1,198,238 7.541,294
1880..
1,290,647
203,060
327,953
636,047
801,658
637,795
1,727,645
308,039
367,718 314,468 314,587 j 1,420,119 8,850,886
1881..
1,675,716
315,000
307,672
832.48!)
1.015,199
563.555
1,509,444
375,654
347.865242,430
413,324 1,. -.66,154 9.164,508
1882..
1,800,896
363,155
.399,082
762,062
1,031.185
:>1 1,748
1,203,979
326,088
828.252 220,001
479.522 1,774,568 9.195.538
1883..
1,787,784
341,645 365,087 693,144
890,967
484,878
1,160.489
245,988
311,887
217,489
415.322 l,583,9so 8.478,605
1884..
1,568,7'43
335,768!377 ,448 459,155
673,774
442,398
1,005,852
224,016
386,712
182,970
308,72011,405,182 7.365.688
1885..
l,822.24o
324,548 376,611 519,242
692,205
43.3,324
1,142,422
332,793 338,816
223,819
261,801
1,553,267
8,023,008
1886..
1,801,645
484,525
418,010
642,147
747,979
442,916
977,130
338,504
281,826
270,697
266,8:i6
I,633,o76
8,305,597
Mileage statistics for seventeen years:
Per Mile Operated.
Per Freight-Train Mile.
Aver.
Per Pass.-Train Mile.
n ...
Passen-
Year
Miles
Road.
Earn-
ings.
Expo's
and
Taxes.
Net
Earn-
ings.
r relent
Train
Mileage
Aver-
age
Load.
Earn-
ings.
Ex-
penses.
Profit.
ger
Train
Mileage
Paying
Passen-
gers per
Tram.
Earn-
ings.
Ex-
penses.
Profit
S
$
$
Tons.
$
8
S
No.
S
$
$
1870.
1,013.0
13,330
8,261
5,075
4,306,110
137.3
2.03.11
1.25.82
0.77.89
2,320,477
69.2
1.97.28
1.22.21
0.75.0!
1871.
1,073.8
13,872
9,106
4,766
5,659,898
133.5
1.82.71
1.19.93
0.62.78
2,367,514
60.5
1.80.07
1.22.13
0.63.94
1872.
1,136.5
16,682
11,177
5,505
7,121,795
134.0
1.80.08
1.20.47
0.59.61
2,640,344
61.5
1.78.69
1.19.54
0.59.1J
1873.
1,154.0
16,824
11,9-28
4,896
8,026,320
136.0
1.76.82
1.25.36
0.51.46
2,952,823
60.8
1.72.43
1.22.25
0.50. It
1874.
1,177.6
14.592
9,491
5,101
6,490,510
159.4
1.83.62
1.19.42
0.64.20
2,520,574
68.7
2.02.21
1.81.51
0.70.S
1875.
1,177.6
12,284
8,963
3,321
5.798,617
168.0
1.66.23
1.21.28
0.44.95
2,743,617
60.1
1.70.12
1.24.11
o.io.o
1876.
1,177.6
11,851
8,135
3.716
6,324,738
185.0
1.48.71
1.02.06
0.46.65
2,610,545
67.2
1.09.64
1.16.44
0.53.2(
1877.
1,177.6
11,484
7,022
3,862
5.674,685
196.2
1.66.99
1.10.83
0.56.16
2,363,5i>4
58.4
1.05.H4
1.09.73
0.55.61
1878.
1,177.6
11,877
7,210
4.667
6,470,848
213,1
1.55.21
1.01.50
0.53.71
2,296,194
58.2
1.71.19
0.85.00
1879.
1,177.6
12,975
7,591
5,384
7,506,016
237.1
1.50.39
0.91.09
0.59.30
2,234,304
63.2
1.72.03
0.91.00
1880.
1,177.6
15,922
8,846
7,070
7.481,489
252.4
1.88.16
1.07.67
0.80.49
2,549,081
69.1
1.78.18
0.92.29
1881.
1,177.6
15,261
9,577
5,684
7,704,600
271.1
1.64.31
1.08.74
0.55.57
2,910,400
72.9
1.77.34
0.99.66
0.77.6;
1882.
1,274.0
14,306
8,679
5,627
7,269,723
269.3
1.65.38
1.07.43
0.57.95
3,237,427
72.2
1.85.59
1.00.32
18*3.
1,339.9
13,817
8.211
5,006
7,176.597
245.4
1.73.90
1.06.35
0.67.55
3,403,224
63.4
1.70.00
0.99.05
0.70.9i
1884.
1,340.3
11,075
6,815
4,260
5,828,746
252.7
1.60.56
1.04.83
0.55.73
3,459,742
55.1
1.51.25
0.87.38
1885.
1,340.3
10.545
6,929
3,616
3,816,179
253.7
1.42.99
1.01.05
0.41.94
3,481,846
50.8
1.37.79
0.83.43
0.54.3f
1886.
1,340.3
11,832
7,260
4,57*
15,134,161
259.5
1.68.40
1.06.34
0.62.06
3,439,066
55.7
1.50.88
0.93.30
0.57.5!
Statement of stock and bonds held, and advances made to other companies :
DESCRIPTION OP SECURITIES.
Value at
Par.
Ledger
Valuation.
Jamestown and Franklin RR. — Advances to December 31, 1886. . . .
$
S
1,215,101 77
654,400 00
320,000 00
715,000 00
268,100 00
414,110 00
575,700 00
32,769 05
2,141,111 18
437,000 00
752,800 00
401,273 24
20,000 00
877,987 86
6,527,000 00
350,735 00
22,681 75
3.189 34
Jamestown and Franklin RR.— Bonds
720,000
400,(»00
3,227,200
268,100
414,110
Jamestown and Franklin RR. — Capital Stock
Chicago and Canada Southern Ry.— Stock and Bonds
Lake Shore and Michigan Southern Ry., 2,681 shares
Detroit, Monroe and Toledo RR., 4,140 shares stock. .
Merchants' Despatch Transportation Company
Capital Advanced to Co-operative Despatch Lines....
Pittsburgh and Lake Erie KR. (18,510 shares and $92,550 scrip)...
Cincinnati, \Vaba#h and Michigan Ry. (4.700 shares)
437,000
752,800 1
169,100 f
Pacific Hotel Co., Chicago— Bonds and Stock
Wabash Railway — Receivers' Certificates ....
Valley Railway, Cleveland— Advances
14,050,000 1
12,480,000 )
.. I
M.,I ,,;,,., r^oi TJP J Preferred
Mahonmg Coal RR. -j Common
f
Pittsburgh and Wheeling Coal Co.— Stock
Union Steel Co.— Stock
Total, as per Ledger
15,028,959 19
POOR'S MANUAL OP RAILROADS.
Statement of funded debt (less $4,000,000 sinking fund), December 31, 1886 :
479
Characteristics of Bonds.
Miles
Cov'd.
Date of
Issue.
Interest.
Date of
Maturity.
Amount
of Bonds.
Annual
Charge.
;Rate.
Period.
Lake Shore and Michigan Southern Railway ($45,692,000 ; annual charge, $3,181,460).
Consolidated 1st Mortgage (S. F.)* ...
Consolidated 2d General Mortgage
Dividend (L. S. Ry.)
3d Mortgage (C. P. & A.)
Mortgage (B. & Erie)
864
864
358
95
July 1, 18TO
Dec. 1,1878
April 1, 18(59
Oct. 1, 1867
April 1, 18fi8
7 p. c.
7 p. c.
7 p. c.
7 p. c.
7 p. c.
Jan. & July
June&Dec.
April & Oct
April & Oct
April & Oct
July 1, 1900
Dec. 1, 1903
April 1, 1891)
Oct. 1, 1802
April 1, 189t
$15,940,000
24,692,000
1,356,000
920,000
2,784,000
$1,098,820
1,728,440
94,920
64,400
194,880
Proprietary Roads Owned wholly by L. S. & M. 8. Ry. Co. ($1,524,000 ; annual charge, $108,680).
1st Mortgage (D. M. & Tol.) Guar
1st Mortgage (Kal. & W.P.)
1st Mortgage (Sch't & Three Rivers) .
1st Mortgage (.Kal. & Sch't)
13
Aug. 1, 1876 7 p. c.
Sept.l, 1869 7 p. c.
Oct. 1, 1867 8 p. c.
Oct. 1, 186
8 p. c.
Feb. & Aug.
Jan. & July
Jan. & Juiy
Jan. & July
Aug. 1, 1906
Jan. 1,1890
July 1, 1887
July 1, 1887
$924,000
400,000
100,000
100,000
28,000
8,000
8,OUO
Leased Roads, Interest paid by L. S. & M. 8. Ry. Co. on Account of Rental ($3,138,000).
1st Morto^e (K.A. & G. Rapids)
58
51
51
43
June 1, 1868
July 1, 1863
June 1, 1869
July 1, 1884
8 p. c.
7 p. c.
7 p. c.
5 p. c.
Jan. & July
Jan. & July
Dec. & June
Jan. & July
July 1, 1888
"Various.
June 1, 1894
July 1, 1934
$840,000
2y8,000
500,000
1,500,000
$67,200
20,860
35,000
75,000
1st Mortgage (J. & Franklin)
2d Mortgage (J. & Franklin)
1st Mortgage (Mahouing Coal RR.). . .
* An arrangement was made with the holders of $849,000 in first consolidated mortgage bonds issued upon
maturity of same amount in Cleveland and Toledo bonds on July 1, 1886, by which the interest thereon is five per
cent., with privilege of paying principal on October 1, each year, as follows : 18»7, $200,000 ; 1888, $250,000 ; Ib89,
$250,000 ; 1890, $149,000.
Statement of dividends paid by Lake Shore and Michigan Southern Ry. Co.:
No.
Date.
Rate
!No.
Date.
Rate
;NO.
Date.
Rate
No.
Date.
Rate
No.
Date.
Rate
p. c.
p. c.
p. c.
p. c.
p. c.
1
Aug., 1£69
4
9
Ausr. 1873
4
17
Aug., 1879
2i
25
May, 1882
2
33
May, 1884
2
2
Feb., 1870
4
10
Feb. 18', 5
3±
18
Feb., 18Hi
4
26
Aug., 188i.
2
34
Aug., 18t-=
H
3
Aug., 1870
4
11
Feb. 1876
2
19
Aug., 1880
4
27
Nov., 1885.
2
35
Aov., 18S4
H
4
Feb.. 1871
4
12
Aug. 1876
2
20
Feb., 1881
4
28
Feb., 1885
2
36
Feb., 1887
2
5
Aug., 1871
4
13
Feb. 1877
H
21
May, 188]
2
29
May, 1883
2
6
Feb., Ib72
4
14
beb. 1876
2
22
Aug., 188]
2
30
Aug., 1883
2
7
Aug., 1872
4
15
Aug. 1878
1
23
Nov., 3881
2
31
Nov., 1883
Z
8
Feb., 1873
4
16
Feb. 1879
3
24
Feb., 188X
2
32
Feb., 1884
2
The consolidated first mortgage bonds are both coupon and registered ; the c jupons are
paid January and July, and the registered interest is paid quarterly (January, April, July,
and October). Total authorized issue, $25,000,000, of which $4,000,000 has been retired by
action of the sinking fund, which retires bonds of this class at the rate of $250,000 per year
— one per cent, of authorized amount.
Of the bouds of the Lake Shore and Michigan Southern Ry. Co. proper, $21,000,000 are
covered by the consolidated 1st mortgage.
The Detroit, Monroe and Toledo RR., Air-Line Junction, 0., to Detroit, Mich., 62.36
miles; the Kalamazoo and White Pigeon RR., White Pigeon to Kalamazoo, Mich., 36.57
miles, and the Northern Central Michigan RR., Jonesville to North Lansing, Mich., 61.14
miles, are wholly owned by the L. S. & M. S. Ry. Co., and all their accounts are included in
those of that company.
RAILKOADS OWNED OK LEASED BY THE L. S. & MICH. SOUTHERN RY. Co.
DETROIT, HILLSDALE AND SOUTHWESTERN RAILROAD.-Ypsilanti, Mich., to
Banker's, Mich., 65.2 miles. Organized July, 1871, as Detroit, Hillstlale and Indiana RR.; sold under foreclosure
December 28, 1874, and reorganized under present title January 30, 1875. Road bonglit by 1st mortgage bond-
holders for $16,000 over the mortgage of $1,152,000. Leased in perpetuity from July 1, 1881, at a rental ($40,500)
for first two years, equalling 3 per cent, on stock, and for each year thereafter equalling 4 per cent. ($54,000).
Capital stock, $1,350,000. Construction and equipment, $1,340,587.04. Dividends payable January 5th and July
5th, at Farmers' Loan and Trust Co., New York. ELIJAH SMITH, President; Prosper W. Smith, Secretary and
Treasurer, Boston, Mass. FKINCIPAL OFFICE AND ADDRESS, Ypsilanti, Mich.
FORT WAYNE AND JACKSON RAILROAD.-Jackson, Mich., to Fort Wayne, Ind., 97.83
miles. Total track (steel, 46), 107.72 miles. Consolidation April 6, 1869, under the name of tne Fort Wayne,
Jackson and Saginaw RK. Co., of the Jackson, Fort WTajrne and Cincinnati, and the Fort Wayne, Jackson and
Saginaw RRs. Whole line was completed December 25, 1870. Default made January 1, 1874. Sold under fore-
closure December 3, 1879, for account of bondholders, and reorganized under present name January 1, 1880. Un-
der the reorganization, 1st mortgage bondholders received 8 per cent, preferred siock lor their bonds and accrued
interest, and the 2d mortgage bondholders, common stock for their bonds and accrued interests. The
first dividend on the preferred stock (,2 per cent.) was made payable March 25, 1880. Leased in perpetuity
480 POOR'S MANUAL OF RAILROADS.
September. 1882, to the Lake Shore and Michigan Southern Ry. Co., the latter to pay as rental 51 per
urer, New York City.
JAMESTOWN AND FRANKLIN RAILROAD.— Jamestown, Pa., to Oil City, Pa., ffl.91 miles;
branch, Htoneboro1 to Coal Mines, 2.53 miles— total main line, 53.44 miles. Sidings. IT miles. Chartered April 5,
1862. Road completed and opened June 24,1867. On March 21, 1864, the mad (then under construction) wag
leased to the Cleveland, Painesville and Ashtabula (now Lake Shore and Michigan Southern) Ry. Co. for twenty
years, at a rental equivalent to 40 per cent, of gross earnings. In January, 1885, a new lease t<> endure for five
years was entered into, the rental to be 30 per cent, of gross earnings. Rental, 1886, $33.190.36. Paid interest
on bonds, $56,525. Capital stock, £601,810.50; payments on stock, $5,432.50: funded debt (let mortgage 7 per
cent, bonds, due at various dates until January 1, 1897, interest payable January and July, $298,000 ; *d mort-
fa<*e 7 percent, bonds, due January 1, 1894, interest payable June and December, $500,000), $798,000 ; floating
ebt, $1,215,101.77— total liabilities, 82,620.344.77. Cost of road, $8,666.602.98 ; coal lands, £34,607.79 ; Central
Trunk Ry. Co., $8,236.69 ; cash, f 52.24 ; profit and loss, $20,846.47— total assets, §2,620.344.77. Bond interest
payable in New York and Cleveland. RASSELAS BROWN, President, Warren, Pa.; R. P. Cann, Treasurer; J. C.
Cornwell, Secretary, Stoneboro', Pa. GENERAL AND TBANSPER OFFICE, Stoneboro1, Pa.
KALAMAZOQ, ALXEGAN AND GRAND RAPIDS RAILROAD.-Kalnmazoo to Grand
Rapids, Mich., 58.42 miles. Leaded at an annual rental of $103,800, being: 6 per cent, on $610,000 capital stock,
ana 8 per cent, on $840,000 1st mortgage bonds, due July 1, 1888. Cost of road, $1,450,000. J. H. WADE, Presi-
dent ; C. P. Leland, Secretary \ Cleveland, O.
MAHONING COAL RAILROAD.— Andover to Toungstown, O., 38.31 miles, with 4.74 miles of
branches to Ore and Coal Banks, and 9.34 miles of sidings. Chartered February 18, 1871 ; road opened in June,
1873. Leased in perpetuity, July 1, 1884, to L. S. & M. 8. Ry. Co. Rental, 40 per cent, of gross earnings. Rental,
1886, $94,632.04. Payments ; Interest on bonds, $75,000 ; dividend on preferred stock 5 per cent., $18,1132.01.
Capital stock— common (authorized, $1,500,000), $1,373,000 ; preferred (authorized, $400,000), $372.640.48) includ-
ing scrip, $4,840.48) ; funded debt, 1st mortgage 5 per cent. 50-year coupon bondi*, due July 1. 1934, $1.500.000;
other liabilities, $1,7'02.31— total, $3,247,342.79. Cost of road, $3,246,473.01 ; cash, $64.01 ; profit and loss, $805.77
—total, $3,247,342.79. Dividends of 5 percent, per annum on preferred stock, and interest on bonds guaranteed
by lessee. D. P. EELLS, President; L. C. Higgins, Secretary and Treasurer, Cleveland, O.
Board of Directors L. 8. & M. S. By. Co., elected May 1, 1887.
Wm. K. Vanderbilt. New York, N.Y.
C'rn'liusVanderbilt.New York, N.Y.
F. W. Vanderbilt. .New York, N. Y.
Samuel F. Barger..New York, N. Y.
John E. Burrill....New York, N. Y.
Darius O. Mills. . . . New York, N. Y.
E. D. Worcester... New York, N. Y.
Wm. L. Scott Erie, Pa.
Charles M. Reed Erie, Pa.
Rasselas Brown Warren, Pa.
John Newell Cleveland , O.
Jeptha H. Wade Cleveland, O.
John De Koven Chicago, 111.
WM. K. VANDERBILT, Chairman Board of Directors New York, N. Y.
JOHN NEWELL, President and General Manager Cleveland, 0.
E. D. "Worcester, Vice-President, Secretary and Treasurer . New York, N. Y.
Atst. Treasurer— Dwiglit W. Pardee.. New York, N. Y. | Auditor— C. P. Leland Cleveland, 0.
Local Treat. <t Asst. Sec.—K. Bartlett Cleveland, 0.
PRINCIPAL OFFICE AND ADDRESS Cleveland, 0.
New York Office Room 47, Grand Central Depot.
LITTLE MIAMI RAILROAD COMPANY.
Main Line of Bead.— Cincinnati, O., to Springfield. 0 83.66 miles.
Dayton Branch : Xenia, 0., to Dayton, O 15.35 miles.
( Columbus and Xenia RR.: Xenia, 0,, to Columbus, 0 55.00 miles.
Leased : \Dayton and Western RR.: Dayton, O., to Indiana Line 37.99 miles.
(Richmond and Miami RR.: Ohio Line to Richmond, Ind 4.19 miles.
Total 196. 19 miles.
Operated, but earnings, etc., kept separate from those of other Little Miami lines :
Cincinnati Street Connection Railway 2.49 miles.
Neicport and Cincinnati Bridge 73 miles.
Total length of lines operated 199.41 miles.
2d track, 25.61 m. ; sidings, 45.18 m. — total track owned, including Columbus and Xenia and
Cincinnati Street Connection tracks, 269.47 miles. Gauge, 4 ft. 9 in. Rail (steel, 194.49
miles), 60 and 64 Ibs.
History.— Chartered March 11, 1836 ; road opened to Springfield August, 1846. On
January 1, 1865, this company took a lease of the Dayton and Western RR., and on December
1, 1868, of the Columbus and Xenia RR. On December 1, 1869, the entire system was leased
to the Pittsburgh, Cincinnati and St. Louis Ry. Co. for 99 years, at an annual rental of 8 per
cent, on the capital stock, the interest on the funded debt, $5,000 yearly for expenses of
POOR S MANUAL— LITTLE MIAMI EB. CO.
481
organization, and the assumption of all lease obligations of the Little Miami RR. Co. Road
since operated by the Pittsburgh, Cincinnati and St. Louis Ry. Co. The Little Miami RR. Co.,
as lessor, receives the entire rental, and is responsible to the other companies for their pro-
portion of the Fame.
Rolling1 Stock. — Locomotive engines, 47. Cars — passenger (owned, 42; leased, 5), 47;
baggage, mail, etc., 20; freight (box [owned, 438; car trust, 100], 538; stock, 140; platform,
124), 802— total, 869. Also, 19 caboose and 4 other cars.
Operations of lessee for year ending December 31, 1886. — Train mileage — passenger,
797,168 ; freight, 1,055,681 ; other, 56,018— total, 1,908,867 miles. Passengers carried,
1,329,902 ; carried one mile, 25,333,210 ; average mile rate, 2.13 cents. Tons freight moved,
1,229,485 ; moved one mile, 100,706,556 ; average ton-mile rate, 0.87 cent.
Expenses.— Transportation $633,521 10
Motive Power aH6,050 94
Maintenance of Cars 119,042 95
Maintenance Way and Buildings 384,448 14
General... 122,191 70
Earnings.— Passenger , $539,771 12
Freight 877,984 86
Mail 58,252 85
Express 52,795 36
Miscellaneous 66,461 62
Total ($8,131.23 per mile) $1,595,265 81 Total ($7,876.32 per mile) $1,545,254 83
Net earnings (3.13 per cent.), $50,010.98. Add other receipts — dividends and interest on
securities transferred to lessee, $79,444 ; ^profit from investments, etc., $117,184.53 — total
available revenue, $246,639.51. Payments — rental, $083,819.40 ; interest on Cincinnati
Street Connection Ry. bonds, $31,500— total, $715,319.40. Deficit to lessee, $468,679.89.
Lessor's General Balance Sheet, December 31, 1886.
Cost of Eoad $4,071,850 10
Cost of Rolling Stock 974,390 64
Real Estate and Buildings 1,716,234 14
Stock* and Bonds Owned 160,000 00
Other Property and Assets 412,825 12
CashonHand 40,34733
Capital Stock (par, $50) $4,837,300 00
Funded Debt Outstanding 1,997,000 00
Other Liabilities 25,896 00
Profit and Loss ... 515,451 33
Total Assets $7,375,647 33 Total Liabilities
Description of bonds issued and outstanding, December 31, 1886 :
.$7,375,647 33
Character of Bonds.
Date.
Interest.
Mature.
Author'd.
Afloat.
p.c.
$
$
Mortgage, L. M. RR., coupon, $1,000..
May 2, 1853
6
May & Nov.
May 2, 1883
1,500,000
2,000
Guaranteed, D. & W. RR. Co., coupon, $1,000
NOT. 1, 1864
6
Jan. & July
Jan., 1905
463,000
463,000
Guaranteed, D. & W. RR. Co., coupon, $1,000
Nov. 1, 1864
7
Jan. & July
Jan., 1905
295,000
32,000
Renewal Mtge., L. M. RR., coupon, $1,000. . .
Nov. 2, 1882
5
May & Nov.
Nov., 1912
1,500,000
1,500,000
1st Mtge.,C.& X. RR. Co., coupon, $500, $1,000
1st Mtge. , Cm. Str't Con. Ry. coupon, $1,000. .
2d Mtge., Cin. Str't Con. Ry., coupon, $1,000.
Nov.15, 1860
July 1, 1864
Nov. 2, 1868
7
6
6
Mar. & Sept.
Jan. & July
May & Nov.
Sept., 1890
July 1, 1894
Nov. 1, 1898
500,000
250,000
275,000
302,000
250,000
275,000
Lessor's Income Account, year 1886. — Receipts : Rental, $683,819.40; interest and divi-
dends, $2,871— total, $686,690.40. Payments: Interest on bonds (L. M., $70,000; C. & X.,
$21,140 ; D. & W., $30,020), $121,160 ; rental leased lines, $8,000 ; dividends on stock (paid
quarterly, 2 per cent, each, March 10, June 10, September 10, and December 10, on stocks of
Little Miami and Columbus and XeniaRR. Cos.), $529,872; sundry other payments, $5,242.50
—total, $664,274.50. Balance, surplus, 22,415.90; surplus from last year, $493,035.45— total,
$515,451.33.
The Little Miami mortgages are a lien on the road from Cincinnati to Springfield; the
Dayton and Western on the road from Dayton to Indiana State line; the Columbus and Xenia
on the road from Columbus to Xenia, and the Cincinnati Street Connection on the connecting
tracks, etc., in Cincinnati. The new renewal mortgage was issued to take up the bonds of
the mortgage maturing in May, 1883. Included in the Balance Sheet, above, are only Little
Miami and Dayton and Western bonds, $1,997,000. For all other bonds the company is re-
sponsible by lease or guarantee. Dividends payable at Cincinnati, 0., interest at Bank of
America, New York. Books close ten days prior to dividend payments , whole number of
quarterly dividends paid to date, 116. Trustee of renewal mortgage, Julius Dexter ; of D. &
31
POOR'S MANUAL OF RAILROADS.
W. RR. bonds, S. E. Wright ; of C. & X. RR. bonds, William Dennison and George M. Par.
sons ; of Cin. St. Con. Ry. bonds, Thomas D. Messier. Annual meeting, last Tuesday in
January.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles
595,020
624,174
835,541
20,456,940
787,769
64,425,662
$
1,333,496
891,706
597,723
649,006
888,791
23,093,029
782,495
63,434,183
8
1,434,506
1,015,358
618,438
756,271
987,314
34,276,879
886, «5
71,516,392
$
1,484,365
1,187,487
769,700
998,488
1,050,249
26,884,927
1,119,451
92,664,739
9
1,674,358
1,402,800
730,283
998,131
1,183,293
26,888.405
1,034.670
85,411,743
$
1.647,913
1,470,371
756,246
980,090
1.257,594
27,689,200
1,082,091
83,046,618
S
1,569,900
1,363,785
814,992
!»77.?-«
1,192,576
25.776,533
1,0.55,156
86,859,629
$
1,447,130
1,323,169
797,168
1.055.6S1
1.3-.'9.902
25,333.210
1J229.485
100,706.556
S
1,595,266
1,545,255
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings
440,790
113,811
419,148
126,595
296,878
149,735
271,558
184,230
177,542
143,543
206,115
137,695
123.961
167,382
50,011
l!Ki,K9
Other Receipts
Available Revenue
554,601
169,218
522.300
19,000
545,743
141,286
522,344
19,000
446,613
141,237
522,344
19,000
455,788
140,959
530,344
19,000
321,085
133,606
538,344
19,000
343,810
121,160
529,872
32,789
291,343
121,160
529,872
32,787
246,640
121,160
529,872
32,787
Rental Payments :
Interest
Dividends
Other
Total Rental
710,518
23,625
2,935
682,630
23,625
682,581
31,500
690,303
• 31,500
690,950
31,500
4.414
683,821
31,500
3,731
683.819
31,500
683,819
31,500
Int. on C. S. Con. Ry. Bonds
Sundries
Total Payments
737,078
182,478
6.801 92
4,551 84
2,250 08
66. 92 p. c.
2.23 c.
1.14 c.
706,255
160,512
7,322 65
5,ia<< 04
2,139 61
70. 78 p. c.
2.20 c.
1.22 c.
714,081
267,467
7,577 15
6,061 70
1,515 45
80. 00 p. c.
2.17 c.
1.51 c.
721,803
266,015
8,547 00
7,160 80
1,386 20
83.78 p. c.
2.26 c.
0.97 c.
72(i,864
405,779
8,412 12
7,505 72
906 40
89.29 p. c.
2.28 c.
1.02 C.
719,052
375.243
8,013 78
6,961 64
1,052 14
86. 87 p. c.
2.22 c.
0.94 c.
715,319
423.976
7,37li 16
6,744 32
631 84
91 .43 p. c.
2.09 c.
0.84 c.
715,319
468,680
8.131 23
7,876 32
254 91
96. 87 p. c.
2.13 c.
0.87 c.
Net Loss to Lessee
Gross Earnings per Mile.. .
Gross Expenses per Mile. .
Net Earnings per Mile
Expenses to Earnings
Aver. R. p. Pass. p. Mile. .
Aver. R. p. Ton p. Mile.. .
NOTE.—" Other Receipts" includes amount of dividends and interest ($79,444 per year), received from secu-
rities transferred to lessee. Earnings per mile are calculated on basis of 195.90 miles, up to 1884 inclusive ; subse-
quent to that year on basis of 196.19 miles.
RAILROADS OWNED OR LEASED BY THE LITTLE MIAMI RR. Co.
CINCINNATI STREET CONNECTION RAILWAY.— In Cincinnati, connects the Little Miami
Railroad with other railroads terminating in that City. Total track, 2.49 miles. Its cost is represented by $525,000
of bonds issued jointly by the Little Miami RR. Co., and the Cincinnati and Indiana RR. Co. The Cincinnati, In-
dianapolis, St. Louis and Chicago Ry. Co., successor of the Cincinnati and Indiana RR. Co., having declined to as-
sume the obligation of the latter company in this respect, the road is now controlled and operated by the Pitts-
burgh, Cincinnati and St. Louis Ry. Co., lessee of the Little Miami RR.
COLUMBUS AND XENIA RAILROAD.— Columbus, O., to Xenia,O., 55 miles. Chartered March
12, 1844 ; road opened February, 1850. Leased November 30, 1868, to Little Miami RR. Co., and with that road
sub-leased to the P., C. & St. L. Ry. Co., at an animal rental of 8 per cent on stock ($142,896), and the interest on
bonds ($21,140). Capital stock (par, $50), $1,786,200 ; funded debt, 1st mortgage 7 per cent. 30-year coupon bonds
(denominations, $500 and $1,000), due September 1, 1890 ; interest March and September («500.0(iO authorized),
$302,000— total. $2,088,200. Contra: Construction, $1,493,146 ; equipment, #321, 624.96 : stocks and bonds owned,
$105,496.94 ; cash on hand, $487.77 ; profit and loss, $167.444.33— total, £2,088.200. Annual meeting, first Thur.-day
in January. Books close for annual meeting 15 days prior thereto ; for dividends, 10 days prior to payment of
same. Dividends paid quarterly ; March 10, 2J per cent. ; June 10, 2 per cent. : September 10, 2 per cent. ; and
December 10, 2 per cent, at Columbus, O. Whole number quarterly dividends paid to date, 108. Interest payable
at New York City. Voting power attaches to stock on 15 days' ownership. Trustees of bonds, William Denni-
son and George M. Parsons. Registrar of stock, Robert S. Smith, Treasurer. JJirectorf (elected January 6, 1887).
—Henry C. Noble, John W. Andrews, George M. Pardons, P. W. Huntingdon, R. A. Harrison, Robert S. Smith,
Alfred Thomas, William B. Hayden, James A. Swan, Columbus, O.; Henry Haiina. C. P. Cassily, Cincinnati, O.;
Thomas D. Messier, Pittsburgh, Pa. Officers: Henry C. Noble, President; Robert S. Smith, Secretary and
Treasurer, Columbus. O.
DAYTON AND WESTEI*N RAILROAD.— Dayton O., to State Line, Indiana, 37,99 miles ; total
track, 41.90 miles. Leased in perpetuity January 1, 1865, and virtually owned by the Little Miami RR. Co., which
company, together with the Columbus and Xenia RR. Co., have guaranteed bonds of the D. & W. RR. Co..
amounting originally to $738,000. The cost of the road was about $1,087,799.11. The first mortgage bonds fell
due and were paid March, 1881, leaving outstanding $463,000 guaranteed 6 per cent, and $32,000 7 per cent. 30-year
bonds, due January 1, 1905, on which the interest is $30,020.
NEWPORT AND CINCINNATI BRIDGE.— Newport, Ky., to Cincinnati, O., 0.73 mile ; sid-
ings, etc., 0.20 ; total track, 0.93 mile. Gauge, 4 ft. 9 in. Chartered April 3, 1868. Gross earnings, £220.07S.7r. :
operating expenses. vao,:»3.21 ; net earnings, $199,575.54. Payments: Interest on bonds, $17,000 ; dividends,
$129,H64.00-total, $206,864.00. Balance, deficit, $7,288.46 ; surplus from last year, $93,408.15— total, $(-6,n(.t.t59.
Capital stock (common, $1,196,900 : preferred, 8927,600), §2,124.500 ; funded debt, 1st mortgage 7 per cent. 30-year
coupon $1,000 bonds, due July 1, 1898, interest January and July (authorized, $1.200.000), 5*1,100,000 ; profit and
loss, $86.119.69— total, (1,310,610.09. Contra : Cost of bridge, $3,217.2(i0.02 ; due by P. C. & St. L. Ry. Co , ?50,-
222.50; cash on hand, $43,137.17— total, $3,310,619.69. Annual meeting, third Wednesday in February: books
close 10 days prior thereto. Books close for dividends five days prior to payment ol same. Trusiee of bonds,
J. N. DuBarry, Philadelphia, Pa. Registrar of stock, S. B.'Liggett, Pittsburgh, Pa. Voting power attaches
POOR'S MANUAL OF RAILROADS. 483
to stock after 10 days' ownership. Preferred stock is entitled to 8 per cent, guaranteed dividends, payable
quarterly, January, April, July and October, accumulative if not paid. Number ot dividends paid to date, seven.
Interest and dividends payable at office of company, Pittsburgh, Pa. THOMAS U. MKSSLBH, President, Pitts-
burgh, Pa.; Albert S. Berry. Vice- President, Newport, Ky.; Jno. E.Davidson, Treasurer, S. B. Liggett, Secre-
tary, Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
RICHMOND AND MIAMI RAILROAD.— Richmond, Ind., to Ohio State Line, 4.19 miles. Total
track, 5.05 miles. This company was organized 10 build the western portion of the Dayton and Western RR.
The road is leased in perpetuity to the Little Miami RR. Co., in the report of which all its operations are in-
cluded. Capital stock, representing cost of road, $200,000. Officers same as L. M. RR. Co.
Board of Directors Little Miami RR. Co. , elected January 25, 1887.
A. D. Bullock Cincinnati, O.
A. S. Frazier Xenia, O.
Julius Dexter Cincinnati, O.
Henry Hanna Cincinnati, O.
L. B.Harrison Cincinnati, O.
Prank J. Jones Cincinnati, O.
Thomas D. Messier. .Pittsburgh, Pa.
Joseph H. Rogers Cincinnati, O.
John Mitchell Cincinnati, O.
William Worthington Cincinnati, O.
HENRY HANNA, President Cincinnati, O.
Vice-Pres. and Secretary— Julius Dexter. .Cincinnati, O. | Treasurer— S. E. Wright Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Lafayette Nat. Bank Building, Cincinnati, O.
LOUISVILLE, EVANSVILLE AND ST. LOUIS RAILROAD COMPANY.
Main Line of Road.— New Albany, Ind., to Mt. Vernon, 111 182.40 miles.
•RI. v, (Jasper : Evansville to Jasper, Ind *. 55.00
' ( Gentryvttle : Kockport to Gentryville, Ind . . .16.00— 71.00 miles.
Trackage : «/"., M. & I. RR. : Louisville, Ky'., to New Albany, Ind 6.20 miles.
Total length of all lines operated 259.60 miles.
Sidings, 18.37; total track (steel, 152.4), 271.77 miles. Gauge, 4 ft. 8£ in. Rail— iron, 48 Ibs.;
Bteel, 56 Ibs.
History. — The Louisville, Evansville and St. Louis Ry. Co. was formed by the consoli-
dation October 5, 1881, of the Louisville, New Albany and St. Louis and the Evansville,
Rockport and Eastern Ry. Cos. The former was organized in Indiana February 24, 1869 ; in
Illinois, July 14, 1869; road opened from Princeton to Wabash River, 10 miles, January 1,
1871; from Mt. Carmel to Albion, 18 miles, January 1, 1873; from Princeton to Ingleton,
Ind., January 1, 1880. The Indiana portion of that line was sold under foreclosure June 20,
1876, for $18,000, and transferred to the old L., N. A. & St. L. Co. for $1,280,665 in bonds
and coupons. The Illinois division was sold for $5,000, and reorganized (January 3, 1878) as
the St. Louis, Mt. Carmel and New Albany RR. Co. These two companies were consolidated
August 15, 1878, forming the Louisville, New Albany and St. Louis Ry. Co. The Evansville,
Rockport and Eastern Ry. was a consolidation of several companies which owned a line from
Evansville, Ind., to Jasper, Ind., 55 miles, with a branch from Gentryville to Rockport, 17
miles.
By the terms of consolidation, bonds of the consolidated company to the extent of $900,-
000 were issued to holders of old bonds of the E., R. & E. Ry. Co. During the year 1882 the
line was completed between New Albany and Mt. Vernon, and opened for through business
on the 9th of October, 1882.
On December 31, 1884, this road was placed in the hands of a receiver on application of
certain judgment creditors. Road sold under foreclosure of L., N. A. & St. L. Ists and L.,
E. & St. L. 2ds on June 9, 1886, and purchased by the bondholders, who organized two new
companies, one in Illinois and the other in Indiana. These were consolidated October 11,
1886, under the name of the Louisville, Evansville and St. Louis RR. Co.
The plan of reorganization is as follows :
(1.) An issue of $2,000,000 first mortgage 40-year 6 per cent, gold bonds secured on the
whole road, property and franchises, subject however, so far as respects the Evansville Di-
vision, to the existing $900,000 mortgage thereon, and excepting the franchise for the exten-
sion to St. Louis or the Mississippi River.
(2.) $3,000,000 2d mortgage, 50-year gold bond?, bearing for first year no interest; for
second, two per cent, payable semi-annually in gold; for 3d, two per cent.; for fourth, three
per cent. ; for fifth year, four per cent.; for sixth year, five per cent.; and for seventh and
484 POOR'S MANUAL — LOUISVILLE, EVANSVILLE AND ST. LOUIS RB. CO.
thereafter, six per cent, per annum. These bonds shall be secured by a mortgage upon all
the then existing railways, property, equipment and franchises of the company, subject only
to the paid $2,000,000 and $900,000 first mortgages, and excepting the franchise for the ex-
tension to St. Louis or the Mississippi River. The holders of these bonds shall have voting
power at the rate of ten votes for each $1,000 bond, upon a eixty days' registry prior to time
of voting.
(8.) $1,500,000 at par of the preferred stock of the new company, divided into 15,000
shares of $100 each. This preferred stock shall be entitled to, and shall receive from year
to year out of the net earnings of the company, prior to the payment of any dividend upon
the common stock, dividends not exceeding five percent, in any one year, and non-cumula-
tive.
(4.) $3,500,000 at par of the common stock of the new company, divided into 35,000
shares of $100 each.
The first mortgage bonds to be issued under this plan will be distributed in exchange for
pay-roll notes, special notes, past due coupons and other items of floating indebtedness. The
other securities will be issued as follows : New second mortgage bonds in exchange for old
firsts, bond for bond; $1,000 new preferred stock for each old second mortgage bond; new
preferred stock for old past due coupons, dollar for dollar; new preferred stock at par for 30
percent, of principal and interest or special notes; $500 new common stock for each $1,000
old income bond; $500 new preferred stock for each $1,000 of other debt; and one share new
common for each four shaj-es of old common stock.
The new company has decided to extend the road from Mt. Vernon to St. Louis, and
also to build an extension from Tell City to Huntingburg, Ind.
Rolling Stock, June 30, 1886. — Locomotive engines, 23. Cars — passenger, 16; baggage,
mail and express, 7; caboose, 10; freight (box, 347; stock, 50; platform, 125; coal, 454), 996;
other, 5— total, 1,035. Of this equipment, 21 locomotives, 15 passenger, 5 baggage, 10 ca-
boose and 875 freight cars are held through car trusts.
Operations for year ending June 80,1886. — Train mileage — passenger, 193,612; freight,
158,219; mixed, 43,114 ; other, 13,010— total, 407,955 miles. Passengers carried, 296,719 ;
carried one mile, 10,098,062; average mile rate, 2.47 cents. Tons freight moved, 555,687;
moved one mile, 39,958,629; average ton-mile rate, 1.25 cents.
Earnings.— Passenger $249,61704
Freight 499,030 24
Mail 16,392 06
Express 15,873 15
Miscellaneous 5,316 70
Total ($3,028.62 per mile) $786,229 19
Expenses.— Transportation $171 ,794 03
Motive Power 170,070 36
Maintenance of Cars 32,185 07
Maintenance Way and Buildings. 134,824 28
General 63,998 33
Total ($2,206.75 per mile) $575,872 07
Net earnings (27.14 per cent.), $213,357.12. Payments : Interest on floating debt, $1,-
500.64; rentals, $54,000; track rent and taxes, $33,175.53— total, $88,676.17. Balance, sur-
plus, $124,680.95.
General Balance Sheet, June 30, 1886.
Construction and Equipment $13,283,240 42
Cash on Hand 44.338 71
Dae from Agents and Companies 26,849 36
Materials and Supplies 22,088 77
Debit Balance 206,685 82
Profit and Loss 872,360 52
E., R. & E. Ry 1,700,000 00
Total Asset? $16,155,56360
Capital Stock $5,806,711 00
Funded Debt 8,121,414 49
Interest Unpaid 669,84333
NotesPayable 30S.470 88
Current Accounts 197,819 07
Stock and Bonds Due, etc 256,271 90
Car Trust Certificates 795,032 93
Total Liabilities... $16,155,563 60
Funded debt consists of the following :
1st mtge. (L., N. A. & St. L. Ry.) 6 p. c. 40-year gold bonds, due April 1, 1921. $3,000,000 00
1st mtge. (E., R. & E. Ry.) 6 per cent. 40-year bonds, due July 1, 1921 OdO.OOO 00
3d mtge. (L., E & St. L. Ry.) 7 per cent. 20-year bonds, due March 1, 1902 1,000,000 00
Income mtge. (L., N. A. & St. L. Ry.) 4 p. c. 50- yearbonds, due April 1, 1931. 2,97
Funded coupon scrip, 6 per cent. 10 year, due April 1, 1893 244,143 33
Interest payable on L., N. A. & St. L. 1st mortgage 6s, April and October; on E., R. &
POOR'S MANUAL OF RAILROADS. 485
E. 1st mortgage 6s, January and July ; on 3d mortgage 7s, March and September ; on funded
coupon scrip, April and September ; income bonds, non-cumulative L., N. A. & St. L. 1st?,
E., R. & E. lets, and L. E. & St. L. 2ds are $100 coupon bonds.
Directors (elected October, 1886).— William Hart, Isaac T. Burr, Jonas H. French, John
Goldsmith, W. S. Blanchard, H. B. Hyde, Boston, Mass.; J. M. Fetter, A. P. Humphrey,
Louisville, Ky. ; Thomas Scott, Fairfield, 111.; C. H. Patton, Mt. Vernon, 111.
WILLIAM T. HART, President Boston, Mass.
General Manager -George F. Evans.... Louisville, Ky. | Auditor— John J. Collier Louisville, Ky.
PRINCIPAL OFFICE Louisville, Ky.
Transfer Office Boston, Mass.
LOUISVILLE, NEW ALBANY AND CHICAGO RAILWAY COMPANY.
Main Linps of Road •iNew Alban.v> Ind-> to Michigan City, Ind. . .289.40
aa* 1 Hammond, Ind., to Rowlands Junction, Ind.159.GO— 449.00 miles.
Bedford and Bloomfield Division : Bedford, Ind., to Switz City, Ind. (3 ft.) . . . 42.86 miles.
Orleans, West Baden and French Lick Springs Ry.: Orleans to French Lick
Springs, Ind 17.50 miles.
{Chicago &Western Ind. RR.: Hammond to Chicago 19.86
W.,St.L.<&P.&C.,C'.,C.&I.Rys.: Howlanda June, to Ind'lis 4.16
Jeff., Mad. & Indpls. Ry.: New Albany to Louisville 4.99 — 29.01 miles.
Total length of lines operated 538.37 miles.
Sidings, etc., 79.14 m. Gauges (574.65 miles), 4 ft. 8} in. and (42.86 miles) 3 ft. Rail (steel,
824.39 m.), 52, 56 and 60 Ibs.
History. — Consolidation, May 20, 1881, of the Louisville, New Albany and Chicago Ry.
Co. and the Chicago and ludianapolis Air-Line Ry. Co. The consolidated company issued
$5,000,000 stock, of which $3,450,000 ($3,000,000 in exchange for old stock and a dividend
of 15 per cent, to equalize values), was awarded to the holders of stock of the old Louisville,
New Albany and Chicago Ry. Co., and the remaining $1,550,000 to the stockholders of the
old Chicago and Indianapolis Air Line Ry. Co. There was also issued $2,300,000 bonds on
the Chicago and Indianapolis Air-Line Division in payment for the property and equipment.
The New Albany and Salem RR. Co. was organized July 8, 1847, and road opened from
New Albany to Michigan City, 288.26 miles, July 4, 1852. Name changed to Louisville, New
Albany and Chicago RR. Co., October 4, 1859. Sold under foreclosure of first mortgage De-
cember 27, 1872, and purchased by the bondholders, who organized a new company under the
present name, with a capital stock of $3,000,000.
The Indianapolis, Delphi and Chicago RR. Co. was organized September 3, 1872, to build
a narrow-gauge line from Indianapolis to Chicago. Road opened from Rensselaer to Delphi,
Ind., 40 miles, September 4, 1879. Sold under foreclosure in 1880, reorganized as Chicago
and Indianapolis Air-Line Ry. Co., and on May 20, 1881, consolidated into the L., N. A. & C.
Ry. The road was changed to standard gauge and completed between Hammond, Ind., and a
point 4.15 miles west of Indianapolis, a distance of 159.60 miles, by the consolidated company.
The company uses 4.16 miles of the Wabash, St. Louis and Pacific, at a rental of $5,-
978.78 per annum, to reach Indianapolis ; in reaching Chicago, 19.86 miles of the Chicago
and Western Indiana (rental, $126,834.72 for 1886, and reduced each year by the opera-
tion of a sinking fund), and in reaching the Louisville bridge, 4.99 miles of the Jefferson-
ville, Madison and Indianapolis, at a yearly rental of $4,521.47 — total, 29.01 miles.
This company is interested in the Chicago and Western Indiana RR. and the Belt Ry. of
Chicago to the extent of ownership of one-fifth of capital stock of each company.
Rolling Stock. — Owned : Locomotive engines, 50. Cars — passenger, 21 ; baggage, mail
and express, 7; freight (box, 1,128; stock, 75; flat, 272; coal, 794; caboose, 30), 2,299; work, 91
— total, 2,418. Car Trust: Locomotive engines, 15. Cars — passenger, 15; baggage, mail and
express, 4; freight (box, 297; coal, 399), 696— total, 715. Also, 142 coal, 1,182 box, and 168
flat " Line cars."
486 POOR'S MANUAL OF RAILROADS.
Operations for year ending December 31, 1886. — Train mileage — passenger, 825,251;
freight, 1,068,33,")— total, 1,893,586 miles. Passengers carried, 589,682 ; carried one mile,
21,307,784 ; average mile rate, 1.98 cents. Tons freight moved, 1,179,736 ; moved one mile,
163,620,4'33; average ton-mile rate, 0.82 cents.
Earnings.— Passenger $422,098 66
Freight 1,348,564 33
Mail and Express 105,394 06
Miscellaneous 48,13248
Total ($3,684.53 per mile) $1,919,189 53
Expenses. — Maintenance of Way $235,572 16
Motive Power and Cars 160.570 30
Transportation 686,85647
Miscellaneous 195,528 80
Total ($2,454.60 per mile) $1 ,278,527 73
Net earnings (32.38 per cent.) $640,661.80. Payments : Interest on bonds, $401,538.59 ;
on car trust, $50,000 (car trusts paid off June 1, 1887 — see below) ; rentals, $152,803.73 ;
taxes, $65,321.36; insurance, $5,744.34— total, $735,408.02. Deficit, $94,746.22.
The gross earnings of the company from January 1, 1887, to June 1, 1887, show an in-
crease of $189,781 over the same period of last year, and for the first three months of 1887,
for which accounts are closed, the operating percentage was 5.98 per cent, less than Bame
period last year.
General Balance Sheet, December 31, 1886.
Road and Equipment $13,368,401 26
Stocks and Bonds 561,603 75
Due from Agents 96,109 63
Due from Other Companies 113,028 09
Materials and Fuel... 167,174 57
Cash on Hand 4,528 13
Total Assets $14,310,845 43
Capital Stock $5,000,000 00
Funded Debt 8,820,000 00
Audited Vouchers 380,675 91
Audited Pay-Rolls 98,02140
Due to Companies and Others 12,148 12
Total Liabilities $14,310,845 43
Funded debt consisted, December 31, 1886, of —
1st mtge. (main line) 6 per cent. 30-year bonds, due July 1, 1910, int Jan. & July. $3, 000,000
2d mtge. (entire road) 6 p. c. 5-year gold bonds, due Feb. 1, 1888, int. Feb. & Aug. . . 1,000,000
1st mtge. (C. & I. Div.) 6 p. c. 30-year gold bonds, due Aug. 1, 1911, int. Feb. & Aug. 2,300,000
Cons. mtge. 6 per cent. 30-year gold bonds, due April 1, 1916, int. April & Get 2,520,000
Bonds of all classes are of $1,000 each, and coupon with provision for registration of
principal. The total amount of bonds authorized to be issued under the consolidated mort-
gage is $10,000,000 (of $1,000 each, payable to bearer, with privilege of registration of princi-
pal), of which $6,300,000 are deposited with the Farmers' Loan and Trust Co. to meet former
liens, and $1,180,000 are held for the retirement of $600,000 Kentucky and Indiana Car Trust
bonds guaranteed by this company, and for betterments and improvements. The consolidated
mortgage bonds are secured by a mortgage made to the Fanners' Loan and Trust Co., and
John H. Barker, as trustees, covering the entire property and franchises of the company ; pro-
prietary rights in the Chicago and "Western Indiana RR., aud the Belt Ry. Co., of Chicago,
and its leasehold interests in the C. & W. I. RR. ; terminal rights in Indianapolis Union Ry.,
etc.; and the company's depot property in Louisville. It also covers the Bedford and Bloom-
field Division, the Orleans, Paoli and Jasper Ry., and new terminal property to be acquired
in Indianapolis.
In addition to the bonds above described, the company guarantees $600,000 8 per cent,
bonds of the Kentucky and Indiana Car Trust Co. The annual charge, including $40,000
sinking fund and $2,000 expenses, is $90,000. These bonds (of which $155,000 were, in the
sinking fund at the date of report, but upon which the company has continued to pay inter-
est) were paid off June 1, 1887, reducing the interest charge to that extent.
Annual meeting, second Wednesday in March. Stock and bonds listed on New York
Stock Exchange. Interest payable at National Bank of Commerce, New York.
RAILBOADS OWNED on OPERATED BY THE LOUISVILLE, NEW ALBANY & CHICAGO RY. Co.
BEDFORD AND BLOOMFIELD RAILKO AD.-Bedford to Switz City, Ind., 42.86 miles. Gauge,
3 ft. OrgMiind as Bedford, Springfield. Owensburgh and Bloomfleld RR. Co. in 1874, and road opened in August,
1876. Purchased by Indianapolis Kolling Mill Co., in the latter part of 1882, and reorganized under present title
March 12, 1SS3. On the 1st of April, 18S(>. the entire capital stock was purchased for $200,000 by the Louisville,
New Albany and Chicago Ry. Co., and the road is now operated in connection with that company's line. It has
no debt of any kind. Rolling stock — loci-motive engines. 5. Cars — passenger, 1; buggage, 1: combination, 2 ;
freight (box, 14 ; stock, 4 ; platform, 53 ; coal, 23 ; caboose, 1), 95 ; work, 4— total cars, 103. Capital stock, all owned
POOR'S MANUAL OP BALLROADS. 487
by Louisville, New Albany and Chicago Ry. Co., $600,000. This road is covered by the Louisville, New Albany and
Chicago consolidated mortgage. WILLIAM DOWD, President, New York, N. Y. ; John B. Carson, Vice- President, ;
\\' II. Lewis, Secretary and Treasurer, Chicago. 111.; Wm. Dulles, Jr., Asst. Secretary and Asst. Treasurer,
New York, N. Y. CORPORATE OFFICE, Chicago, III.
ORLEANS WEST BADEN AND FRENCH LICK SPRINGS RAILWAY. -Orleans to
French Lick Springs, Ind., 17.5 miles. The Orleans, Paoli and Jasper Ry. Co. was organized in July, 1885, to
build a road from Orleans to Jasper, Ind., 41 miles. The company received local aid to the amount of $47,620.
Purchased by the Louisville, New Albany and Chicago Ry. Co. March 1, 1886, and name changed to Orleans,
West Baden and French Lick Springs Ry. Co. The road was completed to Paoli, 11.75 miles, at the close of 1886,
and will be finished lo French Lick Springs May 1, 1887. Cost to December 31, 1886, $163,735.23 ; estimated cost
of extension to French Lick Springs, 5.75 miles, $40,000 ; of extension from French Lick Springs to Jasper, $430,-
000. The road is covered by the L., N. A. & C. consolidated mortgage. JOHN B. CARSON, President ; W. H.
Lewis, Secretary and Treasurer, Chicago, 111.; Wm. Dulles, Jr., Asst. Secretary and Asst. Treasurer, New York,
N. Y. CORPORATE OFFICE, Adams Express Building, Chicago, 111.
Board of Directors L., N. A. & C. Ry. Co., elected March 9, 1887.
William Dowd New York, N. Y.
John J. Astor New York, N. Y.
Jamuel Sloan New York, N. Y.
James Roosevelt.. New York, N. Y.
James D. Smith. . .New York, N. Y.
H. H. Cook New York, N. Y.
C. R. Cummings Chicago, 111.
R. Lenox Kennedy. New York, N. Y.
R. G. Rolston New York, N. Y.
ElihuRoot New York, N. Y.
R. R. Hitt Mt. Morris, 111.
John B. Carson Chicago, 111.
J. M. Fetter Louisville, Ky.
WILLIAM DOWD, President New York, N. Y.
John B. Carson, Vice-President and General Manager Chicago, 111.
Secretary and Treasurer— W. H. Lewis — Chicago, 111. I Auditor— Joseph H. Craig Chicago, 111.
Asst. Secretary and Asst. Treasurer— Wm. Dulles, Jr New York, N. Y.
PRINCIPAL, OFFICE AND ADDRESS Adams Express Building, Chicago, 111.
New York Office and Transfer Agency 31 Nassau Street, New York, N. Y.
LOUISVILLE, NEW ALBANY AND CORYDON RAILWAY COMPANY.
Line of Road. — Corydon Junction, Ind., to Corydon, Ind 8 miles.
Sidings, etc., 0.5 mile. Gauge, 4 ft. 9 in. Rail, 40 and 56 Ibs.
History. — Chartered in 1882 ; road opened December 1, 1883.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 2. Freight cars furnished
by the Louisville, Evansville and St. Louis Ry. Co.
Operations, earnings, etc. — Not reported.
Financial Statement. — Capital stock, $100,000; funded debt, 1st mortgage 6 percent.
30-year coupon bonds, due 1913, interest January and July, $100,000 — total, $200,000. Cost
of road, equipment, etc., $200,000.
All information refused.
Directors (elected in August, 1885). — St. John Boyle, Bennet H. Young, John E. Green,
H. H. Littell, Louisville, Ky.; S. M. Stockslager, Thomas McGrain, B. P. Douglass, Cory-
don, Ind.
ST. JOHN BOYLE, President and Manager Louisville, Ky.
Vice- Pr evident— S. M. Stockslager Corydon, Ind. Superintendent— C. B. Lowry .Corydon, Ind.
Secretary & Treasurei — Thos. McGrain. . Corydon, Ind. Auditor — John J. Collier Louisville, Ky.
PRINCIPAL OFFICE ASTD ADDRESS Louisville, Ky.
MANISTEE AND LUTHER RAILROAD COMPANY.
Main Line of Road. — Eastlake, Mich., to M. & W. Junction 30.5
Branch „ 4.5 — 35.0 miles.
Sidings, 1.50 miles. Gauge, 3 ft. Rail (steel), 30 Ibs.
History.— Chartered March 26, 1886 ; road opened May 1, 1886.
Rolling1 Stock. — Locomotive engines, 4. Cars — passenger, 1 ; freight (box, 3 ; platform,
18), 21 ; logging, 169 ; boarding, 4— total, 195.
Operations for eight months, ending December 31, 1886. — Train mileage (mixed), 16,464
miles. Passengers carried, 460; carried one mile, 11,516; average mile rate, 3.00 cents.
Tons of freight moved, 88,922 ; moved one mile, 2,223,050; average ton-mile rate, 2.72 cents.
Earnings— passenger, $345.47 : freight, $60,492.63— total, $60,838.10. Expenses— trans-
portation, $14,212.02 ; motive power and cars, $7,896.98; maintenance of way, etc., $6,203.63;
488 POOR'S MANUAL OF RAILROADS.
general, $1,500— total, $29,812.63. Net earnings (51.00 per cent.), $31,025.47. Paid interest,
$1,859 ; rent of buildings, $2,000— total, $3,859. Balance, surplus, $27,166.47.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $100,000 ; un-
funded debt, $71,571.92 ; profit and loss, $27,166.47— total, $198,738.39. Contra : Cost of
road, $139,162.34; equipment, $57,081.14; materials and supplies, $2,288.40; current
accounts, $206.51— total, $198,738.39.
Annual meeting, first Tuesday in April.
Directors.— Richard G. Peters, George M. Burr, A. J. Dovel, Manistee, Mich.; Henry
W. Carey, Joseph A. Proctor, Eastlake, Mich.
RICHABD G. PETERS, President Manistee, Mich.
Secretary- Henry W. Carey Eastlake, Mich. | Treasurer— Joseph A. Proctor Eastlake, Mich.
PBINCIPAL OFFICE AND ADDRESS. . Eastlake, Mich.
MANISTIQUE RAILWAY COMPANY.
Main Line of Road. — Seney, Mich., to Hoist, Mich 5.50
Branch 1.00—6.50 miles.
History.— Chartered September 18, 1886. Road opened October 20, 1886. This road is
at present used only for logging purposes.
Rolling Stock. — Locomotive engines, 1 ; cars (logging), 18. ^
Operations. — Train mileage — freight, 4,575. Tons of freight moved, 6,858 ; moved one
mile, 37,719. Earnings, $4,572.03. Expenses, $4,071.04. Net earnings, $500.99. Paid in-
terest on floating debt, $995.03. Deficit, $494.04.
Financial Statement.— Capital stock (authorized, $100,000 ; par, $100), $55,707.00 ; cur-
rent accounts, $9,469.74— total, $65,176.74. Contra : Cost of road and equipment, $63,212.22;
current accounts, etc., $1,470.48 ; profit and loss, $494.04— total, $65,176.74.
Directors (elected September 18, 1886).— R. A. Alger, M. S. Smith, J. C. McCaul, De-
troit, Mich.; A. Webton, Painted Post, N. Y.; R. K. Hawley, Cleveland, 0.; L. A. Hall, Bay
Mills, Mich.
M. S. SMITH, President Detroit, Mich.
Tice-President— L. A. Hall Bay Mills, Mich. | Treas. & Sec.— J. C. McCanl Detroit, Mich.
PBINCIPAL OFFICE AND ADDRESS.. ..Detroit. Mich.
MARIETTA, COLUMBUS AND NORTHERN RAILROAD COMPANY.
j{ «, t-o A ! Marietta, O. , to Athens, O 25 miles.
Koad- }E\g Run, O., to Joy, 0 12 miles— 37 miles.
Gauge, 4 feet 8i inches. Rail, steel, 56 Ibs.; iron, 60 Ibs.
History. — Chartered February 22, 1882, as the Marietta Mineral Ry. Co. Name changed
by order of Court November 19, 1886. In July, 1884, the company purchased from the Cin-
cinnati, Washington and Baltimore RR. Co. the old Marietta and Cincinnati line from
Moore's Junction to Main Line Junction, 30 miles. From Moore's Junction to Marietta, 3
miles, the track of the Cincinnati, Washington and Baltimore is used under contract. Dur-
ing 1885 an extension of seven miles was built up the Federal Creek Valley through the
Coal Fields, and during 1886 an extension of five miles was built to the town site of Federal.
Work is now being pushed on an extension of 24 miles to connect with the Cincinnati and
Muskingum Valley, and the Columbus and Eastern Railways.
Rolling Stock, April 1, 1887.— Locomotive engines, 3. Cars — passenger, 2 ; baggage,
mail, and express, 2 ; freight (box, 5 ; platform, 4; coal, 40), 49— total cars, 53. All equip-
ment except one locomotive covered by car trust.
Operations for year ending April 1, 1887.— Traffic statistics not reported.
Earnings.— Passenger $18,665 72
Freight 46,974 42
Mail 2,243 84
Telegraph 169 46
Miscellaneous 8,300 00
Total ($1,928.47 per mile) $71,353 44
I- 6,412 21
Expenses.— Transportation $12,362 52
Motive Power
Maintenance of Cars
Maintenance Way & Buildirgs... 11.243 99
General 1,353 64
Total (§847.63 per mile) $31,362 36
POOR'S MANUAL OF RAILROADS. 489
Net earnings (56.06 per cent.), $39,991.08, carried to credit of profit and loss account.
General Balance Sheet, April 1, 1887.
Capital Stock (par, $100) $800,000 00
Cost of Road $1,257,163 74
Cost of Rolling Stock 76,724 37
Stocks and Bonds Owned 168,980 55
Telegraph Line 5,983 17
Current Accounts 16,60047
CashonHand 1,401 63
Total A ssets $1 ,526,853 93
Funded Debt Outstanding 600,00000
Construction Accounts (since paid) 11,064 47
Car Trust 33,69838
New York Loans 35,000 00
Federal Valley Construction Notes 7,100 00
Profit and Loss... 39,99108
Total Liabilities $1,526,853
Funded debt consists of $600.000 ($650,000 authorized) 1st mortgage 6 per cent., $100,
), and $1,000 coupon bonds, dated November 1, 1884, due 1915, interest payable May and
November.
Annual meeting, first Wednesday in January ; books close 10 days prior thereto. Vot-
ing power attaches to stock after ten days' ownership. Trustee of bonds and regis rar of
etock, Farmers' Loan and Trust Company, New York, N. Y.
Directors (elected January, 1886).— William P. Cutler, T. D. Dale, K. E. Phillips,
Charles E. Gard, Marietta, 0.; R. D. Carothers, Cutler, O.; D. B. Stewart, Athens, O. ; W.
R. Utley, New York, N. Y.
WILLIAM P. CUTLER, President Marietta, O.
Robert E. Phillips, Vice-President Marietta, O.
Treasurer — T. D. Dale Marietta, O. | Secretary— R. L. Nye Marietta, O.
financial, Purchasing and Transfer Agent— William R. Utley ... 7 Wall Street, New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Marietta, 0.
MASON AND OCEANA RAILROAD COMPANY.
Main Line of Road. — Pere Marquette, Mich., to Crystal Val., Mich. .21.28
Branch 7.00—28.28 miles.
Gauge, 3 feet. Rail, 35 Ibs.
History. — Chartered August 9, 1886 ; road opened January 6, 1887. This is at present
only a lumber road, but it will be operated for general traffic when the timber on the line
through which it passes is exhausted.
Rolling1 Stock. — Locomotive engines, 5. Cars — freight (box, 1 ; platform, 5), 6 ; service
cars, 54 — total cars, 60.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $150,000. Contra :
Cost of road, $61,236.81; equipment, $82,217.66; materials and supplies, $800; cash, $6,-
245.53— total, $150,000.
Directors (elected second Monday in January). — Richard G. Peters, Manistee, Mich.;
Horace Butters, P. 0. Conner, Marshall F. Butters, Robert Arnott, Lmdington. Mich.
HORACE BUTTERS, President Ludington, Mich.
Richard G. Peters, Vice-President Manistee, Mich.
Secretary— Marshall F. Butters Ludington, Mich. | Chief Engineer— G. E. Mitchell Ludington, Mich.
PRINCIPAL OFFICE AND ADDRESS Ludington, Mich.
MASSILLON AND CLEVELAND RAILROAD COMPANY.
Line of Road. — Massillon Junction, O., to Chippewa, 0 12.23 miles.
Sidings and other tracks, 1.48 mile?. Gauge, 4 ft. 9 in. Rail, 56 Ibs.
History. — Organized October 3, 1868, and leased for 99 years from November 4, 1869, to
Cleveland, Mt. Vernon and Delaware RR. Co., and now operated by the Pennsylvania Co.
Rental, 40 per cent, of gross earnings, a minimum being fixed at $20,000 a year.
Rolling1 Stock. — None owned. Furnished by operating company.
Operations for year ending December 31, 1886.— Trains run (passenger), 370 miles;
(freight), 4,152 miles. Passengers carried, 1,521 ; carried one mile, 13 097. Freight moved,
490 POOR'S MANUAL OF RAILROADS.
36,514 ; one mile, 120,553 tons. Gross earnings (passenger, $322.47 ; freight, $7,183.77),
$7,506.24 ; operating expenses, $5,529.73. Net profit, $1,976.51.
Lessor's Income Account, December 31, 1886. — Receipts : Rental, twelve mouths, $20,-
000; other sources, $1,080.21 — total, $21,080.21. Payments: Interest, twelve months,
$7,000; dividends (Feb., May, Aug. and Nov., 1886, each 1£ per cent., making whole num-
ber paid to date, 32), $9,782.50; general expenses, $721.35— total, $17,503.85. Balance, (sur-
plus, $3,576.36. Surplus from 1885, $69,119.86— total surplus, $72,696.22.
Financial Statement, December 81, 1886.— Capital stock (par, $50), $195,650 ; funded
debt. 1st mortgage 7 per cent. 20-year bonds, dated January 1, 1870, interest January and
July, $100,000; coupons due, $3,867.50 ; profit and loss, $72,696.22— total, $372,213.72. Cost
of road, $328,399.36; sinking fund, $18,208.12; lessee, $1,666.66; Winslow, Lanier &Co.,
$3,867.50 ; cash, $20,072.08.
Directors (elected February 1, 1887).— L. H. Meyer, C. W. Cass, New York, N. T.; J. N.
McCullough, Pittsburgh, Pa.; John Sherman, Mansfield, 0.; John J. Haley, Pittsburgh, Pa.;
J. F. Card, Cleveland, 0. ; P. G. Albright, Massillon, O.
Louis H. MEYER, President New York, N. Y.
Secretary and Treasurer— John J. Haley Pittsburgh, Pa.
For officers in charge of operating See PENNSYLVANIA Co.
PRINCIPAL OFFICE AND ADDRESS 7th Ave. and Smithfield St., Pittsburgh, Pa.
MECOSTA RAILROAD COMPANY.
Main Line of Road. — Byers, Mich., to Austin, Mich 4
Branch : Austin Section 3 to Austin Section 15 11 — 15 miles.
Gauge, 3 ft. Rail, iron, 30 Ibs. per yard.
History. — Chartered October 26, 1882 ; first portion of road opened February, 1883 ; en-
tire line opened September 8, 1886.
Rolling Stock. — Locomotive engines, 2. Cars — freight (platform, 1; logging, 33), 34 ;
other, 2 — total cars, 36.
Operations for year ending December 31, 1886. — Train mileage (freight), 25,000 miles.
Tons of freight moved, 87,656 ; moved one mile, 745,076; average ton-mile rate, 1.79 cents.
Earnings (freight), $13,346.75. Operating expenses — transportation, $8,431.30; motive power
and cars, $1,286.22 ; maintenance of way, etc., $888.84; general, $266.94— total, $10,873.30.
Net earnings, $2,473.45. Paid interest on bonds, $606.22; other payments, $750 — total,
$1,356.22. Balance, surplus, $1,117.23.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $50,000; funded
debt, income 6 per cent. 3-year $1,000 bonds, dated September 13, 1886, $34,000; profit and
loss, $1,117.23— total, $85,117.23. Contra: Cost of road, $65,637.06 ; equipment, $19,016.26;
materials and fuel, $463.91— total, $85,117.23.
Directors (elected September 1, 1886). — John McNaughton, Dougal McNaughton, Wil-
liam McNaughton, Leander C. Lincoln, George H. Lincoln, Frederick W. Joslin, John Fen-
ning, Big Rapids, Mich.
JOHN MCNAUGHTON, President and G. M. Big Rapids, Mich.
Secretary— Dongal McNaughton Big Eapids, Mich. | Treasurer— Wm. McNaughton Big Rapids, Mich.
PRINCIPAL OFFICE AND ADDRESS Big Rapids, Mich.
MICHIGAN AIR-LINE RAILWAY COMPANY.
Line of Road. — Lenox, Mich., to Jackson, Mich 105.59 miles.
Sidings, etc., 5.66 miles. Gauge, 4 ft. 8£ in. Rail (steel, 76.59 miles), 60 Ibs.
History. — The Michigan Air-Line Ry. Co. was organized August 28, 1868, to build a road
from Ridgeway to South Bend, Ind. Road opened from Ridgeway to Romeo, December,
1869 ; to Rochester, March, 1879 ; to Pontiac, October, 1880 ; to Jackson, January 1, 1884.
The portion from Jackson, Mich., to South Bend was completed, and is operated, by the
POOR'S MANUAL OF RAILROADS. 491
Michigan Central BR. Co. The line from Ridgeway to Shelby was sold to the St. Clair and
Chicago Air-Line RR. Co.; but, through the failure of that organization, has ance been ope-
rated by the present company, which bought the road at foreclosure sale, November, 1875.
In November, 1878, traffic agreements were entered into with the Grand Trunk Ry. Co., by
which that company contributes toward the interest liabilities.
Rolling Stock, December 31, 1886. — Locomotive engines, 2. Cars — passenger, 1 ; bag-
gage, 1 ; freight (box, 18 ; platform, 4), 22 — total cars, 24.
Operations for year ending December 31, 1886. — Train mileage — passenger, 66,694; freight,
58,337 ; mixed, 67,445— total, 192,476 miles. Passengers carried, 77,991 ; carried one mile,
1,032,240; average fare, 3 cents. Tons freight moved, 215,695 ; moved one mile, 10,643,102 ;
average rate, 1.09 cents. Earnings — passenger, $31,711.91 ; freight, $115,531.86; mail and
express, $7,948.73 — total ($1,469.76 per mile), $155,192.50. Expenses— transportation, $56,-
234.19; motive power and cars, $12,793.78; maintenanco way and buildings, $4°, 734. 20 ;
general, $3,748.26— total ($1,093.95 per mile), $115.510.43.
Net earnings (25.56 per cent.), $39,682.07. Paid interest on funded debt, $69,277. De-
ficit, $29,594.92, advanced by Grand Trunk Ry. Co.
Financial Statement, December 31, 1886.— Capital stock (authorized, $1,500,000), $300,-
000; funded debt, 1st mortgage 5 per cent. 20-year coupon bonds, due January 1, 1902 (de-
nomination, £100; interest January and July, at London, Eng. ; authorized, £310,000),
$1,885,540; vouchers and accounts, $198,711.42; unpaid interest, $30,489.67— total, $1,914,-
741.09. Contra: Construction, $1,842,935.07; equipment, $41,000 ; accounts, $30,806.02.
Annual meeting, last Wednesday of September.
Directors (elected September 30,1886). — Joseph Hickson, Montreal, Que. ; A. B. Maynard,
Romeo, Mich.; M. A. McNaughton, Jackson, Mich.; James McMillan, E. W. Meddaugh, De-
troit, Mich.
JOSEPH HICKSON, President Montreal, Que.
A. B. Maynard, Vice- President Romeo, Mich.
Secretary — Robert Wright Montreal, Que. | General Manager— W. 3. Spicer Detroit, Mich.
PRINCIPAL OFFICE AND ADDRESS Detroit, Mich.
Transfer Office London, Eiig.
MICHIGAN CENTRAL RAILROAD COMPANY.
Main Line of Road.— Detroit, Mich., to Kensington, 111 270.07 miles.
Trackage: Illinois Central RR.: Kensington to Chicago, 111 14.00
( Michigan Air-Line RR 115.16
J Jackson. Lansing and Saginaw RR 295.10
Grand River Valley RR 83.79
Kalamazoo and South Haven RR 39.50
Joliet and Northern Indiana RR 45.00
Saginaw Bay and Northwestern 64.50
Detroit and Bay City RR. and Branches 152.35 — 809.40 miles.
( Canada Southern Ry: Windsor, Can., to Suspension Bridge .226.18 miles.
Toledo, Canada Southern and Detroit Railway 55.87
Canada Southern Bridge 3.66
Operated : 4 Michigan Midland and Canada Railicay 14.68
Canada Southern Railway Branches 98.66
| Sarnia, Chatham and Erie Railway 7.00
I, Erie and Niagara Railway 30.60—210.47 miles.
Total length of lines operated, December 31, 1886 1,516.12 miles.
2d track (M.C. RR., 89 miles; C. S. Ry., 30.93 m.; J., L. & S. RR., 1 m.), 120.93 m.; sidings
(M. C. system, 409.53 m.; C. S. system, 159.62 m.), 569.15 m.; total track (steel, 1,884.75 m.),
2,192.20 m. Gauge, 4 ft. 8£ in. Rail, 56-60 Ibs.
History. — The construction of the Michigan Central RR. was begun in 1836 by the De-
492
POOR'S MANUAL— MICHIGAN CENTRAL RR, CO.
troit and St. Joseph RR. Co., chartered June 29, 1832, but before completing any portion of
the line, that company sold its property and franchises to the State of Michigan, April 22,
1837. Under the auspices of the State the road was opened from Detroit to Ypsilanti, 30
miles, February 3, 1838 ; to Ann Arbor, 8 miles, October 17, 1839 ; to Dexter, 9 miles, June
30, 1841 ; to Jackson, 29 miles, December 30, 1841 ; to Marshall, 32 miles, August 12, 1844 ;
to Battle Creek, 13 miles, November 25, 1845 ; and to Kalama/oo, 23 miles, February 2, 1846
— in all, 144 miles. The Legislature then refused to make any further appropriations for the
work. In 1846 the Michigan Central RR. Co. was chartered, and purcliaped the road and
property from the State, taking possession September 24, 1846. The new company paid to
the State $2,000,000 for the property, which cost $2,500,000. It completed the road to Nile?,
47 miles, in 1848 ; to Michigan City, 37 miles, 1850 ; and to Kensington, 43 miles, completing
the line, in May, 1852. At Kensington it connects with the Illinois Central RR., using 14
miles of that line to reach Chicago. For terms under which the leased and operated lines
were acquired, see the statements for the several companies.
Rolling Stock. — Michigan Central RR.: Locomotive engines, 271. Cars — passenger,
121 ; baggage, mail and express, 58; dining, 5 ; postal, 6 ; freight (box, 4,585 ; ptock, 1,183 :
platform, 1,991 ; coal, 536), 8,295 ; way, 157 ; boarding, 15 ; tool, 27 ; paymasters', 1 ; logging,
95 — total, 8,780. Canada Southern RR.: Locomotive engines, 125. Cars — passenger, 58;
baggage, mail and express, 30; dining, 2; freight (box, 2,457; stock, 158; platform, 405;
coal, 75 ; oil, 39), 3,134 ; way, 80 ; boarding, 7 ; tool, 11— total, 3,322.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $3,670,825 90
Freight 7,938,572 19
Mail 188,811 57
Express 389,108 00
Miscellaneous 108,510 07
Expenses.— Transportation $3,741,462 84
Motive Power 575,370 35
Maintenance of Cars 821,861 67
Maintenance Way and B'ld'gs 1,734,014 56
General and Taxes 1,531,969 70
Total ($8,1 10.06 per mile) $12,295,827 73 Total ($5,543.54 per mile) $8,404,67'9 12
Net earnings (31.65 per cent.), $3,891,148.61.
Income Account, year 1886.
Balance from 1885 $916,868 41
Earnings $12,295,827 73
Less Expenses and Taxes. . . 8,404,679 12— 3,891,148 61
Interest and Dividends 45,190 50
Total .................................. $4,853,207 52
Interest, Main Line ....................... $660,000 00
Interest, Leased Lines ..................... 778,960 00
Rental, Leased Lines ...................... 184,310 00
Interest, Canada Southern ................. 953,714 52
C. 8. Ey. proportion income per agreement 407,334 70
Dividend : 2 per cent., payable Feb. 15,1887 374,764 08
Total .................................. $3,359,083 30
Balance, surplus, December 31, 1886, $1,494,124.22. No dividends were paid between
January, 1873, and June 1, 1878. Since then there have been paid the following : February 1,
1879, 2 per cent.; August 2, 1879, H per cent.; February 2, 1880, August 2, 1880, and Feb-
ruary 1, 1881, 4 per cent, each ; May 2, 1881, 1| per cent. ; August 1, 1881, 1 per cent.; Feb-
ruary 2, 1883, 2 per cent., August 1, 1883, and February 1, 1884, each 3 per cent., and Febru-
ary 15, 1887, 2 per cent.
General Balance Sheet, December 31, 1886.
Construction $40,962,542 89
MainLine $30,883,734 11
Proprietary Lines 3,800,522 02
Leased Lines 6,278,286 76
Investments 508,505 00
Fuel and Supplies 268,512 52
Accounts Receivable 330,062 83
Uncollected Earning? 509,965 68
Cash 1,840,424 09
Total Assets „ $44,415,013 01 | Total Liabilities „ . . . .$44,415,013 01
Land Department (Jackson, Lansing and Sagiuaw RR. Co.). — Lands sofd in 1886, 8,088
acres at an average of $11.70 per acre. Received from land sales, $94,652.59; from timber
sales, $106,827.00— total, $201,479.59. Lauds remaining unsold, 304,146.03 acres. Assets
Capital Stock $18,738,204 00
Funded Debt 16,976,000 00
Accounts Payable 1,633.327 05
Prem. on Grand River Val. Bonds sold. . . 191,250 00
Dividend payable Feb. 15,1887 374,76403
Income Account .. . 6,501,4(5788
To January 1, 1879 $5,007,343 66
From January 1, 1879. 1,4M,124 22
POORS MANUAL — MICHIGAN CENTRAL RR. CO.
493
other than lands unsold : Amount due on land contracts, 324,931.17 ; bills receivable,
$1,588.15; Joy and Dennieon, trustees, $699,109.21; sundries, $8,498.52; cash on hand, $83,-
493.54— total, $1,067,620.59.
Land Income Account for 1886. — Receipts on land contracts, $185,413.57 ; interest,
$31,195.85; trespass, $1,507.04 ; unadjusted taxes, $6,868.32 ; cash on hand, $6,757.83, Jan. 1,
1887— total, $231,802.61. Contra: Joy and Dennisou, trustees, $147,972.82 ; taxes, $32,166.
50 ; salaries, $8,899.94; advertising and explorations, $675.70; miscellaneous, $1,637.86; bal-
ance, $40,449.79— total, $231,802.61.
The rental of the Jackson, Lansing and Saginaw RR. is interest on its bonds, which
are not to exceed $18,000 per mile, and $70,750 annually in addition.
Operations, traffic and revenue, and capital account, yearly, for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
803.72
1,865,258
3,658,605
1,699,810
115,523,7'89
8,7'97,137
• 735,611,995
$
2,461,771
6,195,971
293,633
949.59
2,213,971
4.258,569
2,079,289
185,706,148
4,196,896
790,022,930
I
2,812,706
5,675,731
312,049
1,013.09
2,543.598
4,083,063
2,368,842
142.237,91)1
3,913,869
793,241,320
$
3,146,309
5,426,455
340,317
1,468.15
3,692,646
6,196,439
2,909,232
180,749,225
5,197,278
1,141,282,864
$
4,007,548
9,472,365
529,853
1,505.07
3,875,002
5,967,177
2,581,072
164,90s.i;<;<
5,141,597
1,179,193,827
$
3,464,560
7,62(1,887
573,630
1,514.51
3,542,637
6,207,354
2,340,243
155,573,1)89
5,236,276
1,232,477,534
$
3,162,342
6,906,207
638,846
1,516.12
3,946,287
5,901,143
2,592,741
171,317,751
5,345,570
1,157,413,024
$
3,670,826
7,938,572
686,430
Passenger Train Miles..
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved. . . .
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous
Gross Traffic Earnings..
Expenses and Taxes
Net Traffic Earnings
Interest Paid
8,951,375
5,738,751
8,800,486
6,732,096
8,913,081
6,671,726
14,009,767
9,741,639
11,659,077
8,959,132
10,707,395
8,014,603
12,295,828
8,404,679
3,212,624
765,520
619,600
184,310
(8) 1,499,056
144,138
11,137 43
7,140 24
3,997 19
64.11 p. c.
2.130 c.
0.842 c.
270.00
518.27
355.50
219
116
44
6,060
$
18,738,204
13,691,000
1,200,849
3,325,312
2,068.390
7'63,420
745.196
•184,310
(2J) 468,455
def. 92,991
9,162 26
7,089 37
2,072 89
76. 50 p. c.
2.073 c.
0.718 C.
270.07
546.25
359.07
254
127
39
6,595
$
18,738,204
17,267,000
953,207
3,131,417
2,241,355
765,991
851,070
184,310
(2) 374,764
65 220
4,268,128
664,170
1,584,938
795,881
(6) 1,124,292
98,847
9,542 48
6,555 61
2,986 87
69. 53 p. c.
2.22 c.
0.83 C.
270.07
566.35
359.07
*396
*186
*82
*10,830
$
18,738,204
17,076,000
3,405,810
5,663,522
2,699,945
660 000
2,692,792
660,000
1,822,443
192,989
3,891,149
660,000
1,732,675
591,045
(2) 374,764
532,065
8,110 06
5,543 54
2,566 52
68. 35 p. c.
2.143 c.
0.686 c.
270.07
Interest Leased Lines. . .
Rental Leased Lines. . . .
Dividends
1,794,292
204,758
Balance, Surplus . .
40,895
7,746 53
5,952 63
1,793 90
76. 84 p. c.
2.10 C.
0.65 c.
270.07
570.39
359.07
*396
*186
*86
*10,830
$
18,738,204
15,976.000
3,141,976
5,784,275
17,360
7,069 87
5,291 88
1,777 99
74. 85 p. c.
2.033 c.
0.560 c.
270.07
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile...
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile
Av. Rate p. Ton p. Mile.
Miles of Railroad
8,797 92
6,585 42
2,212 50
74. 85 p. c.
2.21 c.
0.77 C.
270.07
553.37
359.07
256
132
45
7,505
S
18,738,204
16,732.000
1.447,550
5,496,972
Miles of Track
Miles of Steel Rail
Locomtftive Engines
Passenger Cars
*396
*186
*91
*11,280
$
18,738,204
15,976,000
1,907.540
5,924,212
*396
*179
*102
*11,821
$
18,738,204
16.976.000
2;i99,341
6,501,468
Baggage, Mail, etc., Cars
Freight Cars
Capital Stock ..
Funded Debt
Bills and Acc'ts Payable
Income Balance (P.&L.)
Total Liabilities ....
Construction Main Line.
Construction Br'ch Lines
Equipm't Bond Trustees
Investments, etc..
36,955,365
28,709,732
5,141,278
545,246
489,387
340,172
411,618
58,940
503,1530
755,362
40,089,828
28,935,570
8,694.769
545J246
482,700
42.414,726
29,409,287
9,914,252
545,246
583,185
44,883,536
30,759,378
9,893,683
43,640,455
30,863,604
8,855,942
42,545,956
30,870.604
8,986,790
44,415,013
30,883,734
10,078,809
638,70)
638,610
513,503|
503,505
Detroit & Bay City RR. .
Fuel and Supplies.. . .
282,457
352,505
635,851
605,130
401,233
208,512
Bills Receivable
Accounts Receivable. . .
Cash
659,506
489,520
1,317,065
292,586
2,455,239
500,685
2,187,518
489,651
1,081,302
692,524
330,063
2,350,390
Total Assets
36,955,365
40,089,828
42,414,726
44,883,536
43,640,455
42,545,956
44,415,013
* Includes Canada Southern.
Annual meeting, Thursday following first Wednesday in May. Books close about 30
days prior to, and reopen about 5 days after, annual meeting. For dividends, books close
about January 1st and July 1st, and reopen about 5 days after date of payment of same.
Stock and bonds listed on New York Stock Exchange. Coupons paid by Union Trust Com-
pany, New Yoik, N. Y.
494
POORS MANUAL OF KALLROADS.
Statement of funded debt of main and leased lines, bonds guaranteed, annual charges
and rental payable, December 31, 1886 :
Description.
Date.
Maturity.
Amount.
Rate.
Interest.
Main Line Bonds.
Michigan Central Air-Line Mortgage. . .
Consolidated (1st) Mortgage
Jan. 1, 1870 Jan. 1, 1890
May 1, 1872 May 1, 1902
Nov. 1, 1882 May 1. 1902
Sept. 1, 1879, Sept. 1, 1909
Mar. 1, 1886 Sept. 1, 1909
Mar. 1, 1881 Mar. 1, 1931
$l,fiOO,000 00 8 p. C. J. & J.
8,000,000 0017 p. c. M. & N.
2,000,000 00 5 p. c. M. & N.
500,000 00 6 p. c. M. &S.
1,000,000 00 6 p. c. M. & S.
3,576,000 00 op.c.MJS & D
$152.00000
560,00000
100,00000
30,00000
60.00000
178,800 00
Consolidated (1st) Mortgage
Grand River Viilley General Mortgage. .
Grand River Valley General Mortgage..
Detroit and Bay City 1st Mortgage
Total
$16,976,00000
$1,080,80000
Leased Line Bonds.
Michigan Air-Line Mortgage
Oct. 10, 1870
Nov. 1, 1890
$200,000 00
8 p. c. M. & N.
J. & J.
8 p. c. M. & N.
8 p. c. M. & N.
8 p. c. M. & S.
6 p. c. M. & S.
M. & S.
M. & S.
J. & J.
$16.000 00
24,56000
51,20000
5.60000
155,4-40 00
66,00000
70,000 00
75000
89,000 00
Grand Rivt r Valley Rental
Kal. & South Haven 1st Mortgage
Nov. 1, 1869
Nov. 1, 1870
Aug. 31, 1871
Mar. 1, 1881
Nov. 1, i889
Nov. 1, 1890
Sept. 1, 1891
Sept. 1, 1891
640,00000
70,000 00
1.943,000 00
1,100,00000
Kal. & South Haven 2d Mortgage
Jackson, Lansing & Sag. Con. Mortgage
Jackson, Lansing & Sag. Nor. Exten...
Jacksrn, Lansing & Sag. Rental
Jackson, Lansing & Sag. Expenses
Joliet & Northern Indiana Rental
Total
$3,053,000 00
$478,550 00
Guaranteed Bonds.
Detroit and Bay City
May 1, 1872
May 1, 187'3
May 1, 1902
May 1, 1903
$274,000 00
150,00000
8p. c.M. &N.
Sp.c.M. &N.
$21,920 00
12,00000
Detroit and Bay City (Bridge)
Total
$424,000 00
$33,920 00
Canada Southern Bonds.
First Mortgage
Jan. 1, 1878
Feb. 15, 1883
Jan. 1, 1908
Mar. 1, 1913
t$14.000,000 00
t6,000,000 00
5 p. c. J. & J.
5 p. c. M. & S.
$695,953 56
255,00000
Second Mortgage
Total
.$20,000,000 00
$950,953 56
Grand Total. . .
$41,353,000 00
$2,544,223 56
t These represent the amounts authorized, the interest shown being the amount actually paid during the year.
The consolidated mortgage bonds are of $1,000 -each, secured upon the main line (with
89 miles of double track), coupon and registered, with provision for registration of principal
of coupon bonds.
The Detroit and Bay City first mortgage 5 per cent, bonds are a direct obligation of the
Michigan Central RR. Co., which issued them at the time of the acquirement of that road.
These bonds are $1,000 eacb, coupon and registered. Coupon bonds may be exchanged
between March 1 and May 1, or between September 1 and November 1, for registered certifi-
cates and interest paid quarterly March, June, September and December.
Trustee of bonds Union Trust Co. of New York ; interest on all classes paid by same.
The Canada Southern first mortgage bonds are $1,000 each coupon and secured upon the
main line and branches owned, 324.84 miles ; interest guaranteed for first 20 years by the
New York Central and Hudson River RR. Co. The seconds are coupon and registered with
provision for exchange of coupon bonds for registered certificates of $1,000, $5,000 and $10,000
secured by a mortgage on the Canada Southern RR. and undertaking, and all its equipment,
appurtenances and property of every kind, as well as upon its proprietory interests in the
Canada Southern Bridge Co., the Erie and Niagara RR. /Co., the Toledo, Canada Southern
and Detroit RR. Co., and the Michigan Midland and Canada RR. Co., and on any and all
branch lines to be constructed or acquired, and the bridge over the Niagara River ; subject
only to the first mortgage of $14,000,000. These bonds are issued in accordance with Section
5 of the first part of an agreement dated December 12, 1882, between this company and the
Michigan Central RR. Co., which provides for certain new lines, improvements, etc., etc.
RAILKOADS OWNED on LEASED BY THE MICHIGAN CENTRAL RR. Co.
CANADA SOUTHERN BRIDGE. -Slocum Junction to Stony Island. 3.66 miles ; total track, 12.72
miles. Gauge. 4 ft. (ty in. Rail (steel), 56 lbs<. Organized Aii«iist 20, 1873; opened September, 1873. Operated
in connection with the Canada Southern by the Michigan Central RR. Co. Capital stock. $450,000 ; funded debt,
let mortgage 7 per cent. 30-year bonds, due February 1, 1904, interest February and August, $1,000,000 ; unfunded
POOR'S MANUAL OF 'RAILBOADP. 495
debt, $894,077.45— total, $2,344,077.45. Contra: Cost of road, $1,780,977.05; deficit, $563,100.40. J.TILLINGUAST,
President ; C. F. Cox, Secretary and Treasurer, New York, N. Y.
CANADA SOUTHERN RAILWAY.— Windsor, Out., to Suspension Bridge, 236.18 miles: St. Clair
Branch, St. Clair Junction, Ont., to Courtright, 62.63 miles; Erie and Niagara Ry., Niagara to Old Fort Erie,
Out., 30.00 miles ; Sarnia, Chatham and Erie Jty., Petrolia Junction to Petrolia, Ont., 7 miles ; Amherstburg
Branch, Amherstbnrg to Essex Centre, Ont., 15.70 miles ; Oil Springs Branch, Oil City to Oil Springs, Ont., 2.83
miles ; Fort Erie Branch, Welland Junction to Fort Erie, Ont., 17.50 miles— total, 3(52.44 miles ; 2d track, 30.93
miles: sidings, 159.62 miles. Rail (steel, 307.45 miles), 60 Ibs. The company also controls and operates the Toledo,
Canada Southern and Detroit Ry., 55.87 miles, the Michigan Midland and Canada Ry., 14.68 miles, and the Canada
Southern Bridge, 3.66 miles. Chartered in Canada February 28, 1868 : entire line opened November 15, 1873.
Shortly after completion the company defaulted on bond interest, and in 1878, uuder a plan of reorganization,
including the acquired lines above named, the whole property came into possession of the existing company, the
old bonds being exchanged for new bonds, bearing interest at 3 per cent, for three years and 5 per cent, thereafter.
The interest on the new issue is guaranteed by the New York Central and Hudson River RR. Co. for twenty years
from January 1, 1878. An agreement to run for 21 years from January 1, 1883, has been made with the Michigan
Central RR. Co., by the terms of which the M. C. Co. is to operate this company's roads in connection with its
own, the gross earnings of the whole system to be applied first to the payment of the operating expenses and fixed
charges of both companies, and the net surplus to be then divided in the proportion of two-thirds to the M. C. and
one-third to this company.
Rolling Stock.— Locomotive engines, 125. Cars— passenger, 58 ; dining, 2 ; baggage, mail and express, 30 ;
freight (box, 2,457 ; stock, 158 ; platform, 405 ; coal, 75 ; oil, 39), 3,134 ; way, 80 ; boarding, 7; tool, 11- total cars,
3,322.
1885,
$586.91 :
Surplus; $236,581.27.
financial Statement, December 31, 1886.— Capital stock, $15,000,000- funded debt, $19,023,600.59; unfunded
debt, $13,405.93; dividend, $187,500; income account, $236,381.27— total, $34,460,887.79. Contra: Construction
and equipment, $463,651.51 ; stocks and bonds, $6,534,160 ; other investments, $20,668.75 ; other assets, $442,-
407.53.
Funded debt consisted, December 31, 1886, of —
1st mortgage 5 per cent. 30-year bonds, due June 1, 1908, interest January and July $13,923,600 59
2d mortgage 5 per cent. 30-year bonds, clue March 1, 1913, interest March and September 5,100,000 00
Included in let mortgage bonds are $4,529.07 held against old 1st and 2d mortgage bonds not yet refunded.
The 1st mortgage bonds carried 3 per cent, per annum to January 1, 1881. Interest is guaranteed by New
York Central and Hudson River RR. Co. for the first twenty years, and is payable at New York, January 1 and
July 1, by the Union Trust Company.
Stocks and bonds. — Slocks : Canada Southern Bridge Co., $450,000: Toledo, Canada Southern and Detroit Ry.
Co., $1,547.662.50; Erie and Niagara Ry. Co., $100,000 ; Michigan, Midland and Canada RR. Co., $204,125 ; Samia,
Chatham and Erie Ry. Co., $33,000 ; Niagara River Bridge Co., $700,000- total, $3,034,787.50. First Mortgage
Bonds: Canada Southern Bridge Co., $1,000,000 ; Toledo, Canada Southern and Detroit Ry. Co., $1,509,737.50 ;
Erie and Niagara Ry. Co., $600,000 ; Michigan Midland and Canada RR. Co., $323,635; Sarnia, Chatham and Erie
Ry. Co., $66,000— total, $3,499,372.50.
Annual meeting at St. Thomas, Ont., first Wednesday in June. Books close about thirty days before meet-
ing. Books close for dividends thirty days prior to payment of same. Stock and bonds listed at the New
York Stock Exchange. Dividend days, February 1 and August 1. Dividends payable at Grand Central Depot,
New Yoi k : interest at office of Union Trust Co., New York. Transfer Agent, L. H. King, Grand Central Depot,
New York ; Registrar of Stock, Union Trust Co., New York ; Trustees of Bonds, Cornelius Vanderbilt and
Chauucey M. Depew.
Directors.— Cornelius Vanderbilt, Win. K. Vanderbilt, Samuel F. Barger, Sidnpy Dillon, Edward A. Wickes,
Anthony G. Dulman, Joseph E. Brown, Charles F. Cox, New York, N. Y. : James Tilhnghast, Buffalo, N. Y. COR-
NELIUS VANDKKBILT, President, New York, N. Y.; Charles F. Cox, Vice- President, New York, N. Y.; Nicol
Kingsmill, Secretary, Toronto, Ont.; Allyn Cox, Treasurer and Assistant Secretary, New York, N. Y. PRINCI-
PAL OFFICE AND ADDRESS, St. Thomas, Ontario ; Financial and Transfer Oflice, Room 45 Grand Central Depot,
New York, N. Y.
DETROIT AND BAY CITY RAILROAD.— Detroit to Bay City, Mich., 109 miles, with branches :
Lapeer to Five Lakes, 8.75 ; Vas;-ar to Caro, 12.75 : and Denmark Junction to East Saginaw, 16.75 — total length
of lines, 147.25. In addition the Bay City Street and Transfer Ry. (5.10 miles) is leased. Organized May 6, IKTl ;
main line opened to Bay City July 31, 1873 ; default made in May, 1875 ; property sold under foreclosure Febru-
ary 12, 1881, lor $3,866,886, and purchased for account of M. C. RR. Co., which on April 1, 1881, took a lease of the
road and assumed its debts, the M. C. RR. Co. issuing its 50-year 5 per cent, bonds, secured by a first mortgage on
the Bay City property, to the amount of $3,576,000. The bonded debt was fixed by a decree of foreclosure at $2,-
678,487, and the accrued interest $866,886. CORNELIUS VANDERBILT, President, New York City.
GRAND RIVER VALLEY RAILROAD.— Rives Junction, Mich., to Grand Rapids, Mich., 83.79
miles. Chartered in 1846 ; road opened through in the spring of 1870. Leased to the M. C. RR. Co., which pays
interest ($110,000) on bonds, and a further rental equivalent to 5 per cent. ($24,560) on stock. Dividends payable
January and July. Capital stock (par, $50) (authorized, $1,000,000), $491,200 ; funded debt (see M. C. RR. bond
statement), $1,500,000. Total, $1,991,200. Cost of road, $2,867,054. AMOS ROOT, President, Jackson, Mich.; E.
W. Barber, Secretary and Treasurer ^ Jackson, Mich.
JACKSON, LANSING AND SAGINAW RAILROAD.— Jackson, Mich., to the Straits of Mack-
inac, Mich., 295.10 miles; 2d track. 1 mile. Organized February, 24, 1865, and bought the incomplete Amboy,
Lansing and Traverse Bay RR., which had been opened between Owosso and Lansing in 1863. Leased September
1, 1871, to M. C. RR. Co., to which it transferred its land grant. Rental in 1886, $70, 750 and interest paid on bonds,
$308,800. Capital stock, $2,000,000 ; funded debt (see M. C. RR. bond statement), $4,320,000— total, $6,320,000.
Cost of construction to December 31, 1882, $8,071,358. The extension to the Straits of Mackinac was completed
January, lt-82, and the company issued $1,100,000 6 per cent, extension bonds, payment guaranteed from proceeds
of land sales, and guaranteed by the M. C. RR. Co., (See M. C. balance sheet.) H. A. UAYDEN, President ; W. D.
Thompson, Treasurer ; O. M. Barnes, /Secretary, Jackson, Mich.
JC
Leased
its
Capital
resenting cost of road, etc.), $1,100.000. Exisung bonds were exchanged for old 8 per cent, bonds. C. YAXDKB-
BILT, President; E. D. Worcester, Secretary ; Henry Pratt, Treasurer, New York City.
KALAMAZOO AND SOUTH HAVEN RAILROAD.— Kalamazoo to South Haven, Mich., 39.50
miles. Articles filed April 15, 1869 ; road opened January 2, 1871. Leased to M. C. RR. Co.; rental (interest on
496 -POOR'S MANUAL OF RAILROADS.
bonds), §56,800. Capital stock, $75,000 ; funded debt (assured by lessees'), ST^ODO^-total, $785,000. Cost of road,
$1,150,635.24. ASHLEY POND, President; D. A. Waterman, Treasurer, Detroit, Mich.
MICHIGAN AIR-UNE RAILROAD.— Jackson, Mich., to South Bend, Ind., 115.16 miles. Articles
for western section filed August, 25, 1808, and October 11, 1870 ; consolidated with St. Joseph Valley RR. Co. Oct.
11, 1870 ; completed in February, 1871, and leased from that date to the M. C. RR. Co., at a rental equal to the
interest accruing on the bonds issued. The eastern section (Jackson to Ridgeway) is only partly finished. Capital
stock paid in, #388,558 ; funded debt (see M. C. bond statement), $1,900,000 -total, $2,183,553. J. B. EATON,
President ; M. A. McNanghton, Treasurer, Jackson, Mich.
Board of Directors M. C. RR. Co., elected May 5, 1887.
Henry B. Ledyard.. .Detroit. Mich.
Cor. Vanderbilt,..New York N. Y.
Chaunc'y M.Depew.New York,N.Y.
Samuel P. Barger. . .New York, N.Y.
Wm. K. Vanderbllt..New York, N.Y.
Ed. D. Worcester.. .New York, N.Y.
Ashley Pond Detroit, Mich.
William L. Scott. Erie, Pa.
John V. Farwell Chicago, 111.
CORNELIUS VANDERBILT, Chairman of the Board New York, N.Y.
H. B. LEDYARD, President and General Manager Detroit, Mich.
E. D. WORCESTER, Vice-President and Secretary New York, N. Y.
Treasurer— Henry Pratt New York, N. Y. | Auditor— D. A. Waterman .Detroit, Mich.
General Superintendent— E. C. Brown Detroit, Mich.
GENERAL OFFICES J Foot of Third Street, Detroit, Mich.
(183 to 189 Dearborn St., Chicago, 111.
Financial Department Grand Central Depot, New York City.
MICHIGAN MIDLAND AND CANADA RAILBOAD COMPANY.
Line of Road. — St. Clair, Mich., to Ridgeway, Mich 14.68 miles.
Sidings and other tracks, 0.81 mile. Gauge, 4 ft. 8£ in. Rail (steel, 15.49 miles), 56 Ibs.
History. — Organized September 17, 1872, and road put in operation September 1, 1873.
Now operated in connection with the Canada Southern Ry. by the Michigan Central RR. Co.,
which supplies rolling stock.
Operations. — Included in returns of Michigan Central Railroad.
General Balance Sheet, December 31, 1886.
Construction, etc $586,342 02
ProfitandLoss 347,47858
Total Assets $933,820 60
Capital Stock $300,000 00
Funded Debt 323.635 00
Current Accounts 28,680 60
Unpaid Coupons 281,505 00
Total Liabilities $933,820 60
Funded debt consists of 1st mortgage 7 per cent, bonds, due July 1, 1900, interest January
and July.
Directors (elected June 3, 1886).— J. Tillinghast, Buffalo, N. Y. ; C. Vanderbilt, E. A.
Wickes, Samuel F. Barger, E. D. Worcester, New York, N. Y. ; Wm. L. Scott, Erie, Pa. ;
W. K. Vanderbilt, Chauncey M. Depew, Joseph Barker, New York, N. Y.
J. TILLINGHAST, President Buffalo, N. Y.
Vice-President— E. A. Wickes ...New York, N.Y. | Secretary and Treasurer— C. F. Cox.. New York, N. Y.
FINANCIAL AND GKNKRAJL BUSINESS OFFICE, Grand Central Depot, New York City.
MIDLAND (INDIANA) RAILWAY COMPANY.
Line of Road. — Anderson, Ind., to Eaglestown 33.39 miles.
Sidings, 1 mile. Gauge, 4 ft. 8| in. Rail, 56 Ibs.
History. — Chartered a« the Anderson, Lebanon and St. Louis RR. Co., and road opened
to Noblesville, 19.39 miles, in 1876. Placed in the hands of a receiver in 1878. Name
changed to Cleveland, Indiana & St. Louis Ry. Co. April 1, 1882. Sold under foreclosure
April 21, 1885, and present company organized by the purchasers. Extended to Westfield, 9
miles, in October, 1885, and to Eaglestown, 5 miles farther, in September, 1886. On May
2, 1887, the line was completed and opened from Eaglestown to Lebanon, an extension of
about 11 miles, making the total length of the line, from Anderson to Lebanon, 44 miles.
Work is now in progress on a further extension of 21 miles to Lagoda.
Rolling1 Stock. — Locomotive engines, 2. Cars — gravel, etc., 20.
Operations. — Not reported.
Financial Statement. — No information. No stock or bonds yet issued.
POOR'S MANUAL OF RAILROADS.
497
Directors.— C. H. Crosby, C. T. Doxey, H. Moore, Thomas C. Platt, Frank H. Platt,
Theodore F. Wood.
F. H. PLATT, President Anderson, Ind.
Superintendent— H. Moore Anderson, Ind. | Secretary and Auditor — A. A. Bullard.. Anderson, Ind.
PRINCIPAL OFFICE AND ADDRESS Anderson, Ind.
MILWAUKEE, LAKE SHORE AND WESTERN RAILWAY COMPANY.
Main Line of Road. — L. S. June, near Milwaukee to Ashland, Wis 887.4 miles.
( Two Rivers : Manitowoc to Two Rivers 6.2 m.
I Oshkosh : Hortonville to Oshkosh . .23.1 m.
I Wausau : Eland Junction to Wausau 23.2 m.
Branches : -{ Bryant : Antigo to Malcolm 10.6 m.
I Rhinelander : Monico to Khinelander 15.7 m.
I To Mines (in Michigan, 9.4; in Wisconsin, 10.3), 19.7; spurs
L (in Michigan, 0.4 ; in Wisconsin, 14.2), 14.6 34.3 m.— 113.1 miles.
Leased : St. P. E. G. T. By.: Clintonville to Oconto, 56 miles ; spurs, 1.7 57.7 miles.
Trackage : C. & N. W. Ry.: L. S. Junction to Milwaukee, Wis 3.6 miles.
Total length of line operated (of which owned, 500.48 miles) 561.8 miles.
Average length of line operated for year 554.9 miles.
Sidings, etc., 68.74 miles ; total track owned (steel, 502.90 miles), 571.14 miles. Gauge, 4 ft.
8| in. Rail, 52 to 60 Ibs.
The following statement shows the progress of construction and the years in which each
portion was opened :
Year.
From—
To—
Miles.
Opened
During the
Year.
1871
Brillion
21 30
21 30
1872
Brillion
Point 1 m. e. of Appleton
20.00
1872
Sheboygan . . ....
48 50
68 50
1873
Manitowoc
25.20
25 20
1874
Two Rivers
6.20
1874
1 00
7 20
1876
New London
21.00
21 00
1878
Clintonville
15.70
15.70
1S79
1879
Clintonville
Tigerton
Lee
19.70
11.40
'"ai'io""
1880
Oshkosh
11.70
1880
Ti'J'erton
Bland Junction
11.50
1880
1880
Eland Junction
Anivva
Wausau
12.10
23.80
58 50 "
1881
Summit Lake
29.00
29.00
1882
Summit Lake
Three Lakes
24.70
1882
Rhinelander
15.70
1882
Bryant
5.00
45.40
1883
1883
Three Lakes
State Line
Malcolm
31.00
5.60
36 60
1884
State Line . . .
Little Montreal River
70.69
70 69
1884
Mine ....
0 60
0 60
1885
Ashland
35.99
35 99
1885
Michigan
6.50
6 50
1S86
2.29
2.29
1886
11 i ii 11
Wisconsin
10.34
10.34
1886
Spurs ' Mills etc in
14.20
14 20
1886
Michigan .... ....
0 37
0 37
*188fi
4 50
*4 56
*18S6
4 43
*4.43
*1886
Ontonagon River Branch . . ....
5.93
*5.93
Totals
515.40
515.40
History. — The Milwaukee, Mauitow^c and Green Bay Railro:id Company was chartered
March 10, 1870, to build a road from Milwaukee to Manitowoc and Green Bay. On April 9,
1866, the Appleton and New London Railway Company was chartered to build a road from
Appleton to New Loadon, and subsequently was authorized to construct a road from Appleton
to Manitowoc. On May 31, 1872, the name of the Milwaukee, Manitowoc and Green Bay
Railroad Company was changed to Milwaukee, Lake Shore and Western Railroad Company.
32
* Completed in 1886, but not operated until 1887.
498 POOR'S MANUAL— MILWAUKEE, LAKE SHORE AND WESTERN RY. co.
On June 1, 1872, the Milwaukee, Lake Shore and Western Railroad Company purchased the
Appleton and New London Railway, then constructed from Manitowoc to Appleton.
In 1875, the mortgages given by the Milwaukee, Manitowoc and Green Bay RR. Co. and
the Appleton and New London Ry. Co. respectively, were foreclosed. Their properties were
sold under foreclosure, December 10, 1875, and on December 11, 1875, the Milwaukee, Lake
Shore and Western Ry. Co. was organized by the purchasers, who acquired the right to build
from Appleton to New London by the charter of the Appleton and New London.
The extensions and branches in Wisconsin beyond New London were constructed under
the general railroad law. On September 28, 1881, the Vieux Desert and Lake Superior RR.
Co. was organized in Michigan. On February 13, 1883, this company was consolidated with
the Milwaukee, Lake Shore and Western Railway Company under the name of the latter, and
all of the company's roads in Michigan were constructed by the consolidated company.
Rolling1 Stock. — Oicned : Locomotive engines, 40. Cars — passenger, 19 ; business, 1 ;
baggage, mail, and express, 5 ; caboose, 19 ; freight (box, 594 ; refrigerator, 12 ; stock, 30 ;
platform, 481 ; ore, 200), 1,817 — total revenue cars, 1,361. Also, 3 steam excavators, 1 wreck-
ing, 2 boarding, and 2 pile-driver cars. Car Trusts : Locomotive engines, 33. Cars — pas-
senger, 13* baggage, mail and express, 6 ; freight (box, 516 ; platform, 200 ; ore, 600), 1,316 ;
caboose, 11— total, 1,346. Total of all cars, 2,716.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings. -Passenger $505,999 45
Freight 1,742,45843
Mail and Express 54,580 55
Miscellaneous 14,763 65
Total ($4,176.97 per mile) $2,317,802
Expenses.— Transportation $617,414 72
Maint. Motive Power & Cars . . 133,687 47
Maintenance Way & Buildings 435,033 82'
General 13b,4b5 92
Total ($2,383.50 per mile) $1,322,601 93
Net earnings (42.93 per cent.) $995,200.15 ; other receipts, $36,180.82— total available
revenue, $1,031,380.97. Payments: Interest on bonds, $480,270.92; rentals leased lines,
$26,939.70 ; bonds redeemed, $130,000 ; dividends on stock, $175,000 ; new equipment, $143,-
004.78 ; improvements, $49,074.95— total, $1,004,290.35. Surplus, $27,090.62; surplus from
last year, $289,664.22— total surplus, $316,754.84.
General Balance Sheet, December 31, 1886.
Cost of Road and Equipment $15.728,786 12
Materials and Fuel on Hand 120,447 05
Advances to St. P. E. G. T. Ry. :
For Improvements $41.741 05
For Interest 76,31226— 118,05331
Current Accounts 95,785 76
CashonHand 269,25971
Total Assets $16,332,331
Capital Stock $7.000.000 00
Funded Debt Outstanding 8,201,000 00
Loans on account of Construction 50,000 00
Current Accounts 182,850 45
Accrued Interest— not yet due 12(5,726 66
Dividend Account .«. . 175,000 00
Redeemed Bonds 220.000 00
ProntandLoss 316,75484
Total Liabilities $16,332,331 95
Capital stock and bonds ($6,631,000 mortgage and $500,000 income) listed on New York
Stock Exchange. Interest payable at National Bank of Commerce and company's office, New
York. Annual meeting, second Wednesday in June ; books close, for annual meeting 30
days prior thereto, and remain closed 31 days. Books close two or three weeks prior to pay-
ment of dividends. Trustee of mortgage bonds, Central Trust Co. of New York ; of equip-
ment, B. Aymar Sands and Charles H. Woodruff ; of Hurley and Ontonagon bonds, Win.
Henry Reese. Registrar of stock, National Bank of Commerce, New York. The capital
stock consists of $2,000,000 common and $5,000, 000 preferred — the preferred to have a dividend
of 7 per cent, after payment of interest on bonds, and before dividends to common stock.
Statement of funded debt, December 31, 1886 :
Consol. 1st mtg. L. S. Junction to State Line and branches in Wisconsin. 6 p. c. 40-year bds., due May
1, 1921, int. May and November $4,350,000
Mich. Div. (State Line to Montreal River and mine branches in Michigan), 6 per cent. 40-year bonds, due
1924, interest Jan. and July 1,281,000
Ashland Div. ( Montreal River to Ashlsmd), (i p. c.. 40-year bonds, due 1925, int. March and September.. 1,000,000
Hurley and Ontonagon Br. ti per cent. 10-year bonds, due 1896, interest April and October t 230,000
Equipment, 8 per cent, bonds ^ bonds due each year, 1886 to IMjii , interest Jar uary and July * 180,000
Equipment, 6 per cent, bonds <100 bonds due each year. 1890 to 1895), date, 18ar>, int. January and July. 500,000
Income, 6 per cent. 30-year $1,000 bonds, due May 1, 1911, interest May and November 500,000
Funding Notes, 7 per cent. $100,000 due each year, 1885 to 1888, interest June and December 200,000
* Thirty bonds of this issue retired Jan. 14, 1887. t Twenty-ave bonds of this issue retired since Jan., 1837
POOKS MANUAL OF RAILROADS.
499
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles Operated (average). . .
Passenger Train Miles
Freight Train Miles
165.70
101,884
176,672
80,639
2,647,076
180,122
11,011,328
$
91,038
212,182
12,723
219.00
118.954
280,185
110,923
3,841,281
181,164
13,109,748
$
131,603
280,161
15,388
276.20
215,178
294,789
145,954
5,371,306
252,290
19,029,743
$
185,402
423,977
26,281
326.40
308,663
357,355
872,590
8,559,872
358.540
27,543,115
$
275,624
593,364
37,331
389.70
363,374
3*5,480
259,694
9,552,770
396,260
37,747,993
$
309,975
696,618
52,070
405.80
408,955
483,208
278,440
10,084,e«
432,320
38,593,270
$
321,822
723,665
68,839
526.9
512,952
560,924
393,265
11,166.341
617,306
50,941,940
$
362,708
928,118
74,452
554.9
621,094
873,181
396,644
16,064,836
1,464,902
105,610,560
$
505,999
1,742,459
69,344
Past-enters Curried
Passenger Miles
Freight (tons) Moved . . .
Freight (tou) Miles
Passenger Earnings
Freight Earnings
Miscellaneous Keceipts
Gross Traffic Earnings
315,913
187,984
427,752
273,265
635, C60
423,000
906,318
578,044
1,058,663
670,525
1,114,316
743,823
1,365,278
944,389
2,317,802
1,322,602
Gross Operating Expenses .
Net Traffic Earnings
127,959
154,487
212,660
1,826
328,274
388,138
4,942
370,493
2,062
420,899
9,529
995,200
36,181
Other Receipts
Available Revenue
127,959
65,737
154,487
153,050
214,486
153,0(56
328,274
229,071
393,080
282,849
372,555
285,444
1,19U
430,418
342,648
24,197
1,031,381
,480,271
26,940
175,000
+ 349,170
3,176 47
2,383 50
1,79347
57.07 p. C.
3.15 c.
1.65C.
$
7,000.000
8,261,000
534,577
220,000
316.755
Interest
Rentals
Dividends
Balance ( — or +)
+ 61,420
2,301 44
1,531 50
76994
66.54 p. c.
3.45 c.
2.22 c.
$
6,000,000
3,327,000
684,094
+ 99,203
2,776 71
1,77097
1,005 74
63. 78 p. c.
3.22 c.
2.15 c.
$
6,000,000
4,484,000
443,365
+ 110,231
2,716 71
1,720 62
99609
63.34 p. c.
3.24 c.
2.00C.
$
6,000,000
5,430,000
356,780
+ 85,912
2,745 97
1,832 98
912 99
66.75 p. c.
3.19 c.
1.87C.
$
6,750,000
6,605,000
475,479
+ 63,573
2,591 15
1,791 35
79880
69.17 p. c.
3.25 c.
1.82 c.
8
6.900,000
7,797,000
515.49J
Gross Earnings per Mile. ..
Gross Expenses per Mile . .
Net Earnings per Mile
1,90671
1,13450
77221
66.31 p. c.
3.04 c.
2.03 C.
$
6,000,000
1,110,000
107,731
1,95320
1,282 08
69109
59.11 p. c.
3.40 c.
1.55 c.
$
6,000,000
2,088,000
472,881
Expenses to Earnings
Aver. Pass. -Mile Rate
Aver. Ton-Mile Rate
Capital Stock
Funded Debt
Bills. Accounts, etc
Bonds Redeemed
Profit and Loss
292,572
319,916
422,707
394,204
373,5i;8
379,664
Total Liabilities
7,217,731
7,091,421
56,750
11,988
j- 24,885
32,688
8,853,453
8,685,939
55,750
43,712
( 24,285
| 43,767
10,331,010
9,965,7£6
55,750
109,972
61,689
137,863
11,350,072
11,093,550
35,750
104,122
50,215
66,435
12,180,984
11,920,455
25,750
113,780
41,340
79,659
14,204,047
13,816,081
89,013
107,166
34,427
157,360
15,592,154
15,031,006
109,507
82,215
38,482
330,944
16,332,332
15,728,786
118,053
120,447
95,786
269,260
Road and Equipment
Other Assets
Materials and Fuel
Current Accounts
Cash on Hand
Profit and Loss ....
Total Assets
7,217,731
8,853,453
10,331,010
11,350,072
12,180,984
14,204,047
15,592,154
16,332,332
The amount of consolidated mortgage bonds authorized is $5,000,000, of which about
$2,000,000 were set apart to retire sectional second mortgage and equipment bonds. Since
the creation of the mortgage about 111 miles of new road have been built, upon which bonds
of this class to the amount of $12,000,per mile have been issued.
Bonds of all classes are of $1,000 each ; the equipment bonds and funding notes are
coupon ; the consols., Michigan Div. and Ashland Div. coupon with privilege of registration
of principal.
On February 1, 1887, an issue of $'2,000,000 5 per cent. 20-year convertible debenture
bonds of 1907 was authorized, of which $600,000 have been sold and the proceeds applied to
the building of a second ore dock at Ashland, Wis., new shops, improvement and equipment.
The bonds are convertible into common stock at the option of the holder within ten days
after the date fixed for payment of dividend on common stock.
ST. PAUL EASTERN GRAND TRUNK RAILWAY.— Oconto, Wis., to Clintonville, 56 miles.
Sidings, 1.29 miles. Gausre, 4 ft, 8i in. Rail (steel, 46 miles), 52 to 60 Ibs. Organized September 5, 1879, under
general laws of Wisconsin, to construct a line of railroad from Oconto, Wis., to St. Paul, Minn., with a branch
northeast to Marinette, Mich. Construction begun July 26, 1882 ; opened December 29, 1882, from Oconto to
Stiles Junction, 10 mile.*. Extended during 1883 to Oconto Falls, 5 miles, and to Clintonville in 1884. About
200,000 acres of land were subscribed by the counties of Oconto and Shawano, in Wisconsin, to be conveyed to the
company on the completion of the road to Clintonville. During 1884, the Milwaukee, Lake Shore and Western
Ry. Co. acquired control of this company, and now operates the road nominally through lease.
Financial Statement, December 31, 1886.— Capital stock, $1,100.000; 1st mortgage 6 per cent, gold 30-year
bonds, due Jatiunry 1, 1913, interest guaranteed by lessee and payable January 1 and July 1, $1,100,000 ; rental
account, $28,747.74; land sales account, $30,836.88 ; due M., L. S. & A. RR. Co., for payment of interest on bonds,
$105,060— total, 82,301.644.62. Contra: Cost of road, equipment, etc., $2,127,409.44; land grant account, $70,-
590.56; land department espense account, $23,158.44; cash on hand, $7,678.44; current accounts, $2,000; rental
due from lessee, $28,747.74 ; interest on bonds, $105,060— total, $2,364,644.62. W. H. REESE, President, New
York, N. Y.; A. D. Alliboce, Treasurer, Milwaukee, Wis.
500 POOR'S MANUAL OF RAILROADS.
Board of directors M., L. S. & W. Ry. Co., elected June 9, 1886.
F. W. Rhinelander. New York, N. Y.
Samuel 8. Sands... New York, N. Y.
Charles Dana New York, N. Y.
Theo. M. Davis Newport, R. I.
Joseph R. Busk . . .New York, N. Y.
P. F. Thompson... New York, N. Y.
W. K. Hinman. . ..New York, N. Y.
Gordon Norrie New York, N. Y.
Charles G. Ramsay. ...Norfolk, Va.
D. Parrish Philadelphia. Pa.
Joseph Vilas Manitowoc, Wis.
Charles Luling Manitowoc, Wis.
James H. Mead Sheboygan, Wis.
Executive Committee : F. W. Rhinelander, F. F. Thompson, Joseph R. Busk, S. S. Sands,
Gordon Norrie.
F. W. RHINELANDER, President New York, N. Y.
F. W. Rhinelander, Jr., Asst. to President Milwaukee, Wis.
Joseph R. Busk, Vice- President New York, N. Y.
Secretary— Alfred L. Carey. Milwaukee, Wis. I Treaturer— Gordon Norrie New York, N. Y.
General Manager— H. F. Whitcomb. . .Milwaukee, Wis. | Auditor— W. R. Hancock Milwaukee, Wis.
PRINCIPAL OFFICE AND ADDRESS New Insurance Building, Milwaukee, Wis.
President's Office and Fiscal Agency 62 Cedar St., New York City.
Transfer Office National Bank of Commerce, New York, N. Y.
MILWAUKEE AND NORTHERN RAILROAD COMPANY.
Main Line of Road. — Schwartzburg, Wis., to Iron Mountain, Wis 199.57 miles.
Appleton Branch : Hilbert, Wis. , to Appleton, Wis 20.00 miles.
Neenah Branch : Menasha, Wis., to Neenah, Wis 1.20 miles.
Menominee Branch : Ellis Junction, Wis., to Menominee, Wis 22.80 miles.
r< i/r s su- r> -D jS. Milw'kee.Wis., to Schwartzb'g,Wis., 9.1 m.
Lrackage, L., M.BBC, f. Jxy.: |N Milw'kee.Wis., to Schwartzb'g.Wis., 6.1 m.— 15.20 miles.
Total length of all lines operated December 31, 1886 258.77 miles.
Sidings, 37.95 miles. Gauge, 4 ft. 8| in. Rail, steel (233.57 m.), 52, 56 and 60 Ibs. ; iron, 56 Its.
History. — Chartered June 5, 1880, as successor tp the Milwaukee and Northern Ry. Co.,
whose road was opened from Schwartzburg to Green Bay and Fort Howard in 1873-74, and
was sold under foreclosure June 5, 1880. Extensions of the Appleton and Neenah branches
were built by the present company in 1880 and 1881. Leased on completion to the Wisconsin
Central RR. Co., and operated by that company till August 1, 1882, when the company
assumed operation. During 1884 this company purchased the Wisconsin and Michigan RR.,
extending from Fort Howard to Pike, Wis., 94 miles, and extended it to Iron Mountain, 22.05
miles, during the past year. A further extension to Republic, Mich., is under construction,
to be completed during 1887. In addition to this, the company has entered into contracts of
consolidation with the Iron River RR. Co. of Wisconsin, the Republic Branch and the Outon-
agon and Brule River RR. Cos. of Michigan, whose proposed lines, when built, will com-
plete, in conjunction with this company's road, a through line from Milwaukee to Outonagon
and Republic, Mich.
Rolling Stock, December 31, 1886. — Locomotive engines, 23. Cars — passenger, 16 ; bag-
gage, mail and express, 6 ; freight (box, 466 ; platform, 162 ; stock, 10 ; caboose, 11), 649 ;
service cars, 1 — total cars, 672.
Operations for year ending December 31, 1886. — Train mileage — passenger, 238,223;
freight, 291,898; switching, 104,057; other, 81,643— total, 715,821 miles. Passengers car-
ried, 155,159 ; carried one mile, 4,405,055. Tons freight moved, 316,249.
Earnings.— Passenger $150,011 36
Freight 470,104 32
Mail . „ 18,745 28
Express 5,760 17
Miscellaneous 1,605 02
Total ($2,458.65 per mile) $646,226 15
Expenses.— Transportation $190,024 09
Motive Power 24,697 98
Maintenance of Cars 31,935 81
Maintenance Way and Buildings 107,273 57
General ... 60,210 14
Total ($1,600.40 per mile) $414,141 54
Net earnings (35.92 per cent.), $232,084.61. Payments— interest on bonds, $181,800 ;
rentals, $19,160.97— total, $200,960.97. Surplus, $31,123.64; surplus from last year, $11,-
741.73— total, $42,865.37.
POOR'S MANUAL OF RAILROADS. 501
General Balance Sheet, December 31, 1886.
Cost of Road, Equipment, etc $5,223,166 84 I Capital Stock (authorized, $8,000,000) $2,155,000 00
Materials and Fuel on Hand 74,932 69
Current Accounts 52,792 64
CashonHand 19.44t 85
Total Assets $5,370,338 02
Funded Debt Outstanding 3,030,000 CO
Current Accounts 142,472 65
Profit and Loss 42,86537
Total Liabilities $5,370,338 02
An increase of the capital stock to $8,000,000 was authorized February 15, 1887.
The funded debt consisted, December 81, 1886, of — 1st mortgage (on 126 miles RR.,
Schwartzburg to Green Bay; Appleton and Neenah branches) 6 per cent. 80-year $1,000 cou-
pon bonds, dated June 1, 1880, interest payable June and December, $2,155,000 ; 1st mortgage
(on road north from Green Bay and 2d mortgage on road south from Green Bay) 6 per cent.
29-year $1,000 coupon bonds, dated July, 1884, interest payable June and December, author-
ized, $1,598,000; outstanding, $875,000.
The total amount of bonds for which provision is made under the trust deed securing the
last-mentioned issue, is $8,000,000, each of $1,000, of which $2,155,000 (Nos. 1 to 2,155) are
reserved to retire the prior issue, $500,000 (2,156 to 2,655) to extend road into City of Milwau-
kee, $200,000 (2,656 to 2,855) to build ore docks, and the remainder (2,856 to 8,000) to provide
means for extending the road, at the rate of $17,000 per mile. Of this latter amount thje $1,-
598,000 above described (2,856 to 4,453) were authorized in 1884, and listed on New York Stock
Exchange.
Interest payable at New York. Anuual meeting, first Monday in June; books close five
days prior thereto. Voting power attaches to stock on 30 days' ownership. Voting power
also attaches to bonds. Trustees of bonds, Allan S. Apgar, Samuel N. Hoyt, New York.
Registrar of stock, Merchants' Exchange National Bank, New York. Stock and bonds listed
on New York Stock Exchange.
Directors (elected in June, 1886). — Guido Pfister, James C. Spencer, Angus Smith, Chas.
Ray, E. Mariner, Milwaukee, Wis. ; Alfred M. Hoyt, Samuel N. Hoyt, New York, N. Y.
ALFRED M. HOYT, President New York, N. Y.
James C. Spencer, Vice-President Milwaukee, Wis.
Gen. Sol. and Sec.—Geo. H. Noyes Milwaukee, Wis. | Treasurer — Guidp Pfister Milwaukee, Wis.
Auditor — Robert Toombs Milwaukee, Wi s.
PRINCIPAL OFFICE AND ADDRESS Milwaukee, Wis.
Transfer Agency (Allan S. Apgar), Merchants' Exchange N. Bank, New York, N. Y.
MINERAL RANGE RAILROAD COMPANY.
Main Line of Road. — Hancock, Mich., to Red Jacket, Mich 15
Franklin Branch : Franklin Station to Quincy Mine 2 — 17 miles.
Sidings, etc., 5 miles. Gauge, 3 ft. Rail — iron, 35 ; steel (17 miles), 50 Ibs.
History. — Chartered November 3, 1871 ; road opened — Hancock to Calumet, 12.5 miles,
September 8, 1873 : Calumet to Red Jacket, and Franklin Branch, December 1, 1885 ; Han-
cock to Houghton, March 26, 1886. Between the last mentioned points there is a third rail
laid for convenience of standard gauge cars. During the past year the company purchased
the Hancock and Calumet RR., which see.
Rolling Stock, December 31, 1886. — Locomotive engines, 5. Cars — passenger, 4; bag-
gage, mail, and express, 1 ; freight (box, 21 ; platform, 38), 59 ; service cars, 4 — total
cars, 68.
Operations for year ending December 31, 1886. — Train mileage — passenger, 49,866 ;
freight, 17,979; other, 16,480 — total, 84,325 miles. Passengers carried, 120,078; carried one
mile, 697,210; average mile rate, 3.93 cents. Tons freight moved, 94,672 ; moved one mile,
688,156 ; average ton mile rate, 7.30 cents.
Earnings.— Passenger $27,364 65
Freight 50,241 62
Mail 681 12
Express 365 64
Miscellaneous 2,591 62
Total ($4,779.10 per mile) $81,244 65
Expenses.— Transportation $23,561 60
Motive Power. . . : 2,379 41
Maintenance of Cars 1,914 79
Maintenance Way & Buildings.. . 5,309 89
General and Taxes ($1,802.86) 7,556 69
Total ($2,395.43 per mile) $40,722 38
502
POOR 8 MANUAL OF RAILROADS.
Net earnings (49.87 per cent.), $40,522.27. Payments : Interest on bonds, $23,187 ; on
debt, $612.74 ; dividends (10 per cent., paid January, April, July, and October, 1886— total
number paid to date, 16), $12,800— total, $36,590.74. Surplus, $3,922.53 ; surplus from last
year, $94,949.63— total surplus, $98,872.16.
General Balance Sheet, December 31, 1886.
Cost of Road and Equipment 851 1,545 74
New Construction Account 64.400 00
Real Estate and Buildings 82,442 72
Materials and Fuel on Hand 15,410 94
Machinery and Tools 8,768 49
Cash and Accounts 475,951 09
Total Assets... 81,138,518 98
Capital Stock (par, $100) $400,00000
Funded Debt Outstanding 648,900 00
Bills Payable 5,271 00
Current Accounts 5.47582
Profit and Loss 98,872 16
Total Liabilities $1,158,518 98
Funded debt consists of $198,900 ($200,000 authorized) 1st mortgage 8 per cent. 15-year
$100, $500 and $1,000 coupon bonds, dated June 1, 1873, interest payable June and December;
$250,000 1st mortgage 4 per cent. 50-year $100, $500 and $1,000 coupon bonds, dated October
1, 1886, interest payable January and July ; $100,000 1st mortgage (Calumet Extension and
Franklin Branch), 5 per cent. 30-year $500 and $1,000 coupon bonds, dated October 1, 1885,
interest payable April and October ; $100,000 1st mortgage (Houghton Extension), 5 per cent.
80-year $500 and $1,000 coupon bonds, dated January 1, 1886, interest payable January and
July.
Annual meeting, second Tuesday in July ; books close 15 days prior thereto. Books close
for dividends 5 days prior to payment of same. Voting power attaches to stock after 10 days'
ownership. Trustee of bonds, Farmers' Loan and Trust Co., New York, N. Y. Registrar
of stock, Henry S. Ives & Co., New York, N. Y.
Directors (elected July 13, 1886). — George H. Stayner, Henry S. Ives, Christopher Meyer,
New York, N. Y. ; Charles Phillips, Philadelphia, Pa.; D. D. Latham, Erasmus D. Avery,
New London, Ct. ; Jay A. Hubbell, J. H. Chandler, Houghton, Mich.; Jacob Baer, Peter
Ruppe, C. A. Wright, Hancock, Mich.
GEO. H. STAYNER, President New York, N. Y.
Henry S. Ives, Vice-President New York, N. Y.
Secretary and Treat — H. S. Ogden. .New York, N. Y. | General Manager— C. A. Wright Hancock, Mich.
PRINCIPAL OFFICE AND ADDRESS Hancock, Mich.
Transfer Office New York, N. Y.
MINNEAPOLIS, SATJLT STE. MARIE AND ATLANTIC RAILWAY CO.
Liue ef Road. — Turtle Lake, Wis., to Rhinelander, Wis 141 miles.
Sidings, etc., 5 miles. Gauge, 4 ft. 8£ in. Rail (steel, 146 miles), 60 Ibs.
History. — Chartered September 29, 1883, to build from a point in Polk County near
Osceola to a point on the Menominee River near Florence. Road opened to Bruce, 46.25 miles,
November 13, 1884 ; to Main Creek, October 12, 1885 ; to Prentice, September 6, 1886 ; to
Rhinelander, December, 1886. The total projected length of this road, from Minneapolis and
St. Paul to Sault Ste. Marie, is about 490 miles. Between Turtle Lake and St. Paul and Min-
neapolis the track and in those two cities the terminal facilities of the Chicago, St. Paul, Min-
neapolis and Omaha RR. Co. are used under the terms of a contract, which provides for its
continuance until the completion of the road to Sault Ste. Marie, with the right of termina-
tion by this company on 90 days' notice. A contract for permanent terminal facilities in Min-
neapolis has been concluded with the Northern Pacific RR. Co., under which this company
acquires the right of joint use of that company's track and terminal facilities in Minneapolis
on payment of one-half of six per cent, per annum on the original cost of the property and
improvements, and contributing to maintenance in the proportion of wheelage. Work is now
ia progress on the extension of the line in both directions. In northeast Minneapolis the
company has purchased 180 acres of land (adjoining the terminal yards of the Northern Pacific
POOR'S MANUAL OF RAILROADS. 503
in that section of the city) which will be used for additional terminal facilities. At Sault Ste.
Marie connection will be made with the Canadian Pacific Ry.
Rolling Stock, December 31, 1886. — Locomotive engines, 6. Cars — passenger, 5 ; bag-
gage, mail and express, 3 ; freight (box, 150 ; stock, 150; caboose, 2), 302 — total cars, 310.
Operations for year ending December 31, 1886 (average, 77.27 miles). — Train mileage —
passenger, 50,853 ; freight and mixed, 19,154 ; other, 56,776 — total, 126,783 miles. Passengers
carried, 25,229 ; carried one mile, 763,413 ; average mile rate, 2.88 cents. Tons freight
moved, 62,450 ; moved one mile, 2,210,862 ; average ton-mile rate, 2.50 cents.
Earnings.— Passenger $21,980 99
Freight 55,371 80
Mail 1,96286
Express 484 64
Miscellaneous , 12,908 85
Total ($1,199.81 per mile) $92,709 14
Expenses.— Transportation $13,737 66
Motive Power 10,606 21
Maintenance of Cars 1,832 30
Maintenance Way and Buildings. 17,135 49
General 7,22454
Total ($654.02 per mile) $5o,536 20
Net earnings (45.49 per cent.), $42,172.94; interest, $300— total, $42,472.94. Surplus
from last year, $15,286.60— total surplus, $57,759.54.
General Balance Sheet, December 31, 1886.
Cost of Koad $1,987,693 27
Cost of Rolling Stock 140,337 32
Eeal Estate and Buildings 75,592 17
Materials and Fuel on Hand 31,318 21
Other Property and Assets 32,262 35
Bills Receivable 5,60000
Current Accounts 71,874 53
CashonHand 68,29005
Total Assets $2,412,967 90
Preferred Stock (par, $100) $1,213,000 00
Funded Debt Outstanding 1,000,000 00
Bills Payable 22,027 10
Current Accounts 40,122 19
Other Liabilities 80,059 07
Profit and Loss 57,759 54
Total Liabilities $2,412,967 90
Funded debt consists of 1st mortgage gold 5 per cent. 40 year $1,000 coupon (with privi-
lege of registration) bonds, due January 1, 1926, interest payable January and July, at New
York, N. Y. This mortgage provides for an issue of bonds to the amount of $16,000 per
mile of main line and branches, with an additional $4,000 per mile for equipment, side
tracks, terminal facilities, etc.
Since the close of the fiscal year bonds of this class to the amount of $5,000,000 have
been negotiated, and work is now in active progress on both ends of the line. It is expected
that through trains will be running before the end of 1887.
The total cost of the first section of road completed was $665,468.25, being an average,
for the 46.25 miles, of $14,388.55 per mile. The cost of the second section was met by an
assessment of 15 per cent, on stock. Annual meeting, last Thursday in September ; books
close 30 days prior thereto. Books to close for dividends 30 days prior to payment of same.
Voting power attaches to stock after 30 days' ownership. Registrar of stock, Central Trust
Co., New York, N. Y. Preferred stock entitled to 7 per cent, dividends.
Directors (elected September 30, 1886).— W. D. Washburn, J. S. Pillsbury, W. H. Eustis,
John Martin, J. K. Sidle, H. E. Fletcher, Thomas Lowry, 0. C. Merriman, C. H. Pettit, J. C.
Oswald, Charles J. Martin, John M. Shaw, M. P. Hawkins, Minneapolis. Minn.
W. D. WASHBURN, President Minneapolis, Minn.
John Martin, Vice-President Minneapolis, Minn.
Secretary — M. P. Hawkins Minneapolis, Minn. | Treasurer— C. H. Pettit Minneapolis, Minn.
General Managei — P. D. Underwood Minneapolis, Minn.
PRINCIPAL OFFICE AND ADDRESS. . . Minneapolis, Minn.
Transfer Office New York, N. Y.
MOLINE AND SOUTHEASTERN RAILROAD COMPANY.
Line of Road.— Moline, 111., to Coal Valley, 111 8 miles.
Sidings, 0.8 mile. Gauge, 3 ft. 6 in. Rail, 20 Ibs.
History. — Chartered March 27, 1878 ; road opened October 20, 1879. This road has not
been in operation since September, 1885.
504 POOR'S MANUAL OF RAILROADS.
Rolling Stock. — Locomotive engines. 2. Coal cars. 38.
Financial Statement, July 1, 1885.— Capital stock, $30,000. Cost of road, etc., $30,000.
Annual meeting second Tuesday in February.
Directors. — Richard Mansill, Richard Battersby, B. B. Seville, Rock Island, 111.; Thomas
Leese, Coal Valley, 111.; Thomas Mansill, St. Louis, Mo.
RICHARD MANSILL, Presid«»t and Treasurer Rock Island, 111.
'Vice-President— B. Seville Rook Island. | General Manager— R. Battersby Rock Island.
Secretary— B. B. Seville Rock Island, 111.
PRINCIPAL OFFICE AND ADDRESS Rock Island, 111.
MUSKEGON GRAND RAPIDS AND INDIANA RAILROAD COMPANY.
Line of Road. — Grand Rapids, Mich., to Muskegon, Mich. 36.76 miles.
Sidings, 3.14 miles. Gauge, 4 ft. 9 in. Rail (steel, 36.76 miles), 56 and 60 Ibs.
History.— Chartered February 26, 1886 ; road opened December 1, 1886. Leased for 99
years to the Grand Rapids and Indiana Railroad Company, which supplies rolling stock ;
rental — net earnings, with a minimum guarantee of interest on first mortgage bonds.
Financial Statement, December 31, 1886.— Capital stock, $1,000 ; funded debt, $750.000;
current accounts, $26,198.10 ; other liabilities, $18,750— total, $795,948.10. Contra : Cost of
road, $616,028.62; current accounts, $3,267.91; cash, $175,628.48; profit and loss, $1,023.09
—total, $795,948.10.
Funded debt consists of first mortgage 5 percent. 20-year $1,000 coupon bonds, due July
1, 1906, interest payable January and July, issued by Grand Rapids and Indiana RR. Co., and
secured by first lien on this company's road and property. Trustees : Central Trust Co., New
York. Interest payable at the office of Winslow, Lanier & Co., New York.
Capital stock authorized, $350,000 ; par per share, $100. Registrar of stock, J. H. P.
Hughart, Grand Rapids, Mich.
Directors.— W. 0. Hughart, W. R. Shelby, J. M. Metheaney, T. J. O'Brien, J. H. P.
Hughart, Grand Rapids, Mich.; L. N. Keating, N. McGrath, Muskegon, Mich.
W. O. HUGHART, President Grand Rapids, Mich.
Q N. McGrath, Vice-President Muskegon, Mich.
Secretary— J. H. P. Hughart Grand Rapids, Mich. | Treasurer— W. R. Shelby Grand Rapids, Mich.
PRINCIPAL OFFICE AND ADDRESS Grand Rapids, Mich.
MUSKRAT LAKE AND CLAM RIVER RAILROAD COMPANY.
Line of Road. — Muskrat Lake, Mich., to Clam River, Mich 8.00 miles.
Sidings, 0.20 mile. Gauge, 3 feet. Rail (steel, 2.75 miles), 30 Ibs.
History. — Chartered September 21, 1881 ; road opened from Clam River to a point 5
miles north January 1, 1882 ; extended 3 miles to forest terminal December 20, 1883. Used
exclusively for lumbering purposes.
Rolling Stock. — Locomotive engines, 2. Logging cars, 40.
Operations for year ending December 31, 1885. — Trains run, 12,945 miles. Tons freight
moved, 96,978; moved one mile, 581,868. Earnings, $26,582.48. Expenses, $19,240.68.
Net earnings, $7,341.80. Paid interest, $1,145.64. Balance, surplus, $6,196.16; surplus
from last year, $6,219.18— total, $12,415.34.
Financial Statement, December 31, 1885.— Capital stock, $40,000 ; bills payable, $7,400;
current accounts, $16,366.33; profit and loss, $12,515.34— total, $76,181.67. Contra: Cost
of road, $46,983.13 ; equipment, $16,783.20; cash on hand, $12,415.34.
All information refused.
Directors (elected September 21, 1885).— A. V. Mann, J. W. Moore, Muskegon, Mich.;
Stephen Moore, Port Huron, Mich.; George W. Moore, F. T. Moore, Lake City, Mich.
ALEX. V. MANN, President Muskegon, Mich.
Stephen Moore, Vice-President Port Huron, Mich.
Sec. and Treasurer— Geo. W. Moore. . . .Cadillac, Mich. | General Manager— Fred.. T. Moore. . . .Lake City, Mich.
PRINCIPAL OFFICE AND ADDRESS Lake City, Mich.
POOR'S MANUAL OF RAILROADS. 505
NEW YORK, CHICAGO AND ST. LOUIS RAILWAY COMPANY.
Line of Road. — Buffalo, N. Y., via Cleveland, O., to Grand Crossing, 111 512.52 miles.
„, (New York, Lake Erie & Western RR.: In Buffalo, N. Y . . .1.60
ka£e : {Lake Shore & Mich. So. Ry.: Grand Crossing,Ill.,to Chic., 111.8.90— 10.50 miles.
Total length of line operated 523.02 miles.
2d track, 6.24 ; sidings, 98.68 ; total track owned (steel, 562.90;, 617.44 miles. Gauge, 4 ft.
8| in. Rail, 56 and 60 Ibs.
History. — This company was organized April 13, 1881, under the General Railroad Law
of New York, by the consolidation of the Buffalo, Cleveland and Chicago Ry. Co. of New
York, the Buffalo and Chicago Ry. Co. of Pennsylvania, the New York and Chicago Ry. Co.
of Ohio, the New York and Chicago Ry. Co. of Indiana, and the New York and Chicago Ry.
Co. of Illinois. These several corporations had been previously organized under the laws of
their respective States in order to secure the right to build the portions of this line within
each State. Shortly after this consolidation the construction of the road was placed under
contract, and on October 23, 1882, the whole line was brought into operation. Later in the
same year a controlling interest in the capital stock of this company was acquired by the Lake
Shore and Michigan Southern RR. Co. In 1885, the company becoming embarrassed, its road
and property were placed in the hands of a receiver March 28 of that year, on application of
trustee of second mortgage. On April 1, 1885. default was made in payment of interest on
equipment bonds, and in June and December defaults followed in the payment of interest on
the first and second mortgage bonds respectively. Subsequently the receiver was directed to
pay an annual rental of $200,000 for use of equipment.
The total amount of bonds provided for under the second mortgage is $10,000,000. Of
these $1,046,000 were sold, and $5,800,000 pledged as collateral to secure certain loans, and
in the bill under which the receiver was appointed it was alleged that interest on these
bonds to the amount of $195,000 was past due and unpaid.
On May 19, 1887, the road was sold under foreclosure, and the company is now being
reorganized under the terms of a plan of reorganization, which calls for an issue of $5,000,000
new first preferred stock, $11,000,000 second preferred, and $14,000,000 common stock, and
$20,000,000 first mortgage 4 per cent. 50-year gold bonds. Stockholders of the old company
were assessed 10 per cent., receiving therefor dollar for dollar in new first preferred stock,
and, in exchange for their holdings, 50 per cent, in new second preferred stock for old pre-
ferred, and 50 per cent, in new common stock for old common. Holders of old first and
second mortgage bonds will receive 112 and 110£ per cent, respectively in new first mortgage
bonds, and holders of floating debt claims will receive dollar for dollar in new first mortgage
bonds, or will be paid in cash, at the option of the purchasing committee. Any balance after
the above exchanges will be held by the company for future use.
There is provision for a sinking fund of $100,000 per annum when net earnings exceed
$900,000, and, if the bonds can be bought at 102 and interest, such sinking fund to be a first
charge on net earnings after payment of interest on first mortgage bonds.
The new stock will receive, in the order of its priority, non-cumulative dividends up to
5 per cent., and all the stock will share equally in any surplus over 5 per cent.
Rolling Stock, December 31, 1886 (acquired by and owned through Car Trust). — Loco-
motive engines, 108. Cars — passenger, 34; baggage, mail and express, 14 ; freight (box,
5,000 ; platform, 1,200 ; stock, 700 ; coal, 210; caboose, 80), 7,190— total cars, 7,238. Also, 4
derricks, 1 snow plow, 213 hand and push, 1 officers', and 1 pay car. The 213 hand, etc., cars
are owned.
Operations for year ending December 31, 188fi. — Train mileage — passenger, 470,861;
freight, 2,545,202 ; other, 171,571— total, 3,187,634 miles. Passengers carried, 456,113 ; car-
ried one mile, 16,027,375 ; average mile rate, 1.66 cents. Tons freight moved, 2,056,148
moved one mile, 658,688,123 ; average ton-mile rate, 0.535 cent.
Earnings.— Passenger $265,904 1 9
Freight 3,522,547 68
Mail 23,408 96
Express 11,469 70
Miscellaneous 3,277 93
Expenses.— Transportation $1,082,732 95
Motive Power 679,717 09
Maintenance of Cars 173,014 71
Maintenance Way & Buildings 534,408 09
General 196,177 71
Total ($7,316.37 per mile) $3,826,608 46 Total ($5,097.42 per mile) $2,666,050 55
506 POOB'S MANUAL OF RAILROADS.
Net earnings (30.31 per cent.), $1,160,557.91. Payments : Rental of terminal facilities,
$84,825.48 ; rental of equipment, $206,387.05— total, $291,212.53. Surplus, $869,345.38 ; sur-
plus from last year, $350,688.42 — total surplus, as per general balance sheet, $1,220,033.80.
Company's General Balance Sheet, December 81, 1886.
Cost of Road $65,459,221 83
Cost of Rolling Stock 5,435,805 02
Stocks and Bonds Owned 35,754 44
Other Property and Assets 1,055,288 38
Current Accounts and Bills Receired 38,204 86
Cash on Hand 47,94722
Profit and Loss 3,759,984 86"
Total Assets $75,831 ,606 61
Common Stock Paid in $28,000,000 00
Preferred Stock Paid in 22,000,000 00
Funded Debt Outstanding 20,046,000 00
BillsPayable 2,710,00000
Current Accounts , 2,731,010 80
Indebtedness Paid by Receiver 344,595 81
Total Liabilities $75,831,60661
Receiver's Balance Sheet, December 31, 1886.
Payments for Right of Way $34,952 35
Cash on Hand 940,664 88
Current Accounts 514,272 84
Materials and Fuel 176,93328
Debts of Company Paid 844,595 81
$2,011,419 16
Current Accounts $679,686 76
Supplies Received from Company 111,698 60
Profit and Loss 1,220,033 80
$2,011,419 16
Funded debt consisted, December 31, 1886, of —
1st mortgage 6 p. c. 40-year bonds, due Dec. 1, 1921, interest June and Dec. (authorized, $15,000,000)... $15,000,000
2d mortgage 6 p. c. 40-year bonds, due March 1, 1923, int. March and Sept. (authorized, 810,000,000) . . . 1,046,000
Equip't 7 p. c. b'ds, dated Apl. 1, 1882, due various dates, int. Apl. & Oct. (authorized, $4,000,000) 4,000,000
Bonds of all classes are of $1,000 each and coupon. Trustees of bonds: First mortgage,
Central Trust Co., New York, N. Y. : second mortgage, Union Trust Co., New York, N. Y.,
and Charles O. McClellan ; equipment, Samuel Shethar and George J. McGourkey.
Annual meeting, first Wednesday in May. Interest payable at Union Trust Co., New
York, N. Y. Voting power attaches to first mortgage bonds when properly registered.
Preferred stock is entitled to 6 per cent., non-cumulative, and to an equal share with
common in any dividend over 6 per cent, upon the entire stock.
Directors (elected May 5, 1886). — W. K. Vanderbilt, Cornelius Vanderbilt, James Til-
linghast, F. W. Vanderbilt, Chauncey M. Depew, H. McK. Twombly, Allyn Cox, New York,
N. Y.; D. W. Caldwell, J. H. Wade, Charles Hickox, James P. Curry, Henry Hammersley,
Cleveland, O.
D. W. CALDWELL, Receiver Cleveland, O.
W. K. VANDERBILT, President New York, N. Y.
Sec. and Treas.—F. W. Vanderbilt. . .New York, N. Y. I „,_„ - „ ,.., j L. H. King New York, N. Y.
General Manager— Lewis Williams Cleveland,©. | *ran*Jer *ffem "~ "j W. G. Purdy Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Cleveland, O.
Transfer Agency Grand Central Depot, New York, N. Y.
NORTHWESTERN OHIO RAILWAY COMPANY.
Line of Road.— Toledo Junction, 0., to Toledo, O 79.98 miles.
Sidings, 13.59 miles. Gauge, 4 ft. 9 in. Rail (steel, 78.25 milet), 56 and 60 Ibs.
History. — Consolidation of the Toledo, Tiffin and Eastern, the Mansfield, Coldwater and
Lake Michigan, and the Toledo and Woodville RR. Co. Leased to Pennsylvania Co., which
supplies equipment. Rental, cost of operations. The P., Ft. W. & C. Ry. is used from the
Junction to Mansfield, 6.5 miles, making the total length of read operated 86.48 miles.
Operations for year ending December 31, 1886. — Trains run (passenger, 129,226 ; freight,
330,971 ; other, 2,031), 462,228 miles. Passengers carried, 95,792 ; carried one mile, 2,-
435,694. Freight moved, 355,935 ; moved one mile, 25,007,845.
Earnings.— Passenger $61,28248
Freight 194,86376
Mail 4,997 32
Express 5,098 78
Miscellaneous 33.474 39
Total ($3,747.39 per mile) $299,716 73
Expenses.— Maintenance of Way $62,170 7!
Maintenance of Cars 4,874 89
Motive Power 49,221 64
Transportation 62,641 98
Expenses 14,592 92
Total ($2,419.37 per mile) $193,501 72
POOR'S MANUAL OF RAILROADS.
507
Net earnings (35.43 per cent.), $106,215.01. Payments : Hire of equipment, $29,971.87 ;
rent of real estate at Toledo, O., $3,774.44— total, $33,746.31. Balance, surplus, $72,468.70 ;
deficit from last year, $94,924.45— balance, net deficit, $22,455.75.
Financial Statement, December 31, 1886.— Capital stock, $2,000,000 ; other liabilities,
$3,800.75— total, $2,003,800.75. Per contra: Cost of railroad ($24,731.55 per mile), $1,980,-
997.50 ; cash on hand, $347.50 ; profit and loss, $22,455.75.
Annual meeting, second Friday in March. Books close ten days prior thereto. Registrar
of stock, S. B. Liggett. Capital stock authorized, $2,600,000 ; par per share, $50.
Directors (elected March 11, 1887).— Thomas D. Messier, J. N. McCullough, William
Thaw, John W. Renner, Pittsburgh, Pa.; Frank Janes, George W. Layng, Toledo, O.; B. F.
Smith, Cleveland, 0.
THOMAS D. MESSLER, President Pittsburgh, Pa.
Treasurer— John E. Davidson Pittsburgh, Pa. | Secretary— Frank Janes Toledo, O.
Assistant Secretary— S. B. Liggett Pittsburgh, Pa.
PRINCIPAL OFFICE ANP ADDRESS Toledo, O.
Transfer Office Pittsburgh, Pa.
OHIO AND MISSISSIPPI RAILWAY COMPANY.
Main Line of Road.— Cincinnati, O., to East St. Louis, 111 338.05 miles.
Louisville Branch : North Vernon, Ind, Ind., to Jefferson ville, Ind 53.34 miles.
Springfield Division : Shawneetown, 111., to Beardstown, 111 224.86 miles.
Total of all lines owned and operated 616.25 miles.
Sidings, 114.70 miles. Gauge, 4 ft. 9 in. Rail— iron, 56 ; steel (475 miles), 60 Ibs.
History. — For full history of the organization of the several companies under whose
charters this road was built, and the terms of the reorganization of 1882, see MANUAL, for
1886, page 155. During the past fiscal year this company has executed a contract with the
Kentucky and Indiana Bridge Co. for use of its bridge across the Ohio River and yard room,
etc., on the south side of the river. This will necessitate the construction of 7 miles of road
from Watson, on the Louisville branch, to New Albany.
Rolling Stock, June 30, 1886. — Locomotive engines, 127. Cars — passenger, 54; offi-
cer's, 2 ; pay, 1 ; baggage, mail, and express, 31 ; freight, 8-wh. (box, 2,077 ; platform, 86 ;
stock, 144 ; coal, 534 ; caboose, 68), 2,909 ; construction cars, 56 — total cars, 3,063.
Operations for year ending June 30, 1886. — See tabulated statement below.
Expenses.— Transportation $1,021,344 17
Moiive Power 653,622 99
Maintenance of Care 183,972 95
Maintenance of Way 512,435 45
General 226,33283
Total ($5,958.49 per mile) $3,671,919 54 Total ($4,215.35 per mile) $2,597,708 39
Net earnings (29.25 per cent.), $1,074,211.15. Payments : Interest on bonds, $1,026,.
415.11 ; other interest, premiums, etc., $24,598.08— total, $1,051,013.19. Balance, net sur-
plus, $23,197.96. Add, adjustment of accounts, etc., $46,372.85— total, $69,570.81.
General Balance Sheet, June 30, 1886.
Earnings.— Passenger $1,191,589 61
Freight 2,227,255 30
Mail 150,43754
Express 102,63709
Construction Account $29,970,342 05
Equipment Account 1,865,71886
Real Estate 1,788,669 01
Material on Hand 104,00076
Current Accounts 864,32908
CashonHand 24,88489
SinkingFunds 272,460 41
Profit and Loss 6,579,998 3
Total Assets $40,970,403
Common Stock Paid in $20,000,000 00
Preferred Stock Paid in 4,030,000 00
Funded Debt Outstanding 15,870,000 00
Bills Payable (notes to B. & O. RR. Co.). . 204,100 00
Current Accounts 212,937 78
Other Liabilities 63,80444
Coupons and Dividends 31,399 17
Wages Unpaid (incl. June, '86 Pay Roll).. 135.922 10
Vouchers Unpaid 423,239 90
Total Liabilities $40,970,403
508
POOR'S MANUAL — OHIO AND MISSISSIPPI BY. CO.
Description of Bonds.
Road Mortgaged.
Miles.
Date of
Interest —
Annual Rate and
when Payable.
Outstand-
ing.
Interest
accrued
during
year.
<u
1
Maturity.
1st mtge. consol. s. f., $1,000 coupon
1st mtge. consol. $1,000 coupon
Sterling consolidated, £200 coupon .
1 Cincinnati toE.St.
| Louis AN.Vernon
) to Jefferson ville..
Past due
391.39
1868
18C8
1868
Jan. 1, 1898
Jan. 1, 1898
Jan. 1. 1898
Jan. 1, 18.H4
Apl. 1, 1911
Oct. 1, 1884
Nov. 1, 1905
June 1, 1932
a 1885-6
7 p. c. Jan. & July.
7 p. c. Jan. & July.
ftp. c. Jan. & July.
6 p. c. Jan. <fc July.
7 p. c. Apl. & Oct.
7 p. c. Apl. & Oct.
7 p. c. May & Nov.
5 p. c. June & Dec.
f
3.435,000
3,066,000
112,000
97,000
3,761,000
174,000
2,009,000
3,216,000
$
j- 465,070
5,805
2d mtge. consol. s. f. $i.OOO coupon..
*Income and funded debt coupon . . .
tlst mt-je. Sp'gTd Div. $1,000 coup.,
jlst general mtge. §1,000 coupon
Total amount of bonds ontst
M. Line&L. Br....
W. Div. Past Due . .
391.39
1871
264,110
Springfield Div
Main Line & br'hes.
anding and of intere
224.86
616.25
3t accr
1874
1882
icdi
140.630
160,800
15,870,000
1,026,415
* These are past due bonds that were purchased and are held by the Trustee of the Sinking Fund of the Second Mort-
gage Consolidated and Sinking Fund Bonds. As the profits accruing on investments made by the trustee revert to tha
company, these bonds are pracucally non-interest bearing.
t The total amount of these bonds is $3.000,000, of which $991,000 are deposited with the Union Trust Co. of New York
as additional security for the first general mortgage bonds.
j The entire amount of the series of First General Mortgage 5 per cent. Coupon Bonds authorized is $16,000.000 ; of
which $3,216,000 have been if sued and disposed of for purposes as stated on page 644 of MANUAL for 18S4, the remainder of
the series being reserved to retire prior lien bonds.
The following statement shows the traffic operations and earnings of the whole road for
eight fiscal years ending June 30, and the gross earnings, operating expenses, etc., of the
main line and of the Springfield division in detail for eight calendar years.
1879
1880
1881
1882
1883
1884
1885
1886
Years ending June 30 :
Miles RR. Operated
Passenger Train Miles...
Freight Train Miles
Passengers Carried
615.00
1,056,752
1,726,835
644,177
39,092,031
1,184,159
208,585,662
$
928,501
2,064,465
204,601
615.00
1,123,293
1,864,098
777,037
46,079,520
1,389,092
247,323,780
$
1,086.303
2,086,608
232,586
616.20
1,250,683
2,185,766
884,331
52,864,587
1,538,759
282,875,316
$
1,243,330
2,949,350
243,029
616.25
1,435.659
1,672,768
1,014,996
64,481,163
1,199.931
179,190,331
1,432,552
2,090,345
300,676
616.25
1,514,009
2,061.655
1,188,866
67,507,457
1,4.32,783
260,608,580
$
1,475.771
2,631,748
266,229
616.25
1,555,894
2,183.316
1,166.464
73,829,395
1,456,986
224,856,210
1,478,921
2,379.626
280,890
616.25
1,477,474
1,670,824
1,107,218
64,819,413
1.373.977
253,211,829
$
1,330,918
2,063,548
250,971
616.25
1,347,355
1,760,763
1,046,875
57.444,868
1,580.550
318,980.893
$
1,191,589
2,227.255
853,075
Passengers Carried 1 mile
Tons Freight Moved
Tons Moved One Mile. . .
Passenger Earnings
Freigh t Earnings
Other Earnings
Total Earnings
Operating Expenses
Net Earnings
3,197,567
2,364,625
4,005,497
2,725,236
4,435,715
3,316,058
3.832.573
2,967,960
4,375,748
3,254,383
4,130.437
3,283,401
3,645,467
2,670,736
3,671,919
2.597,708
832,942
5,199 30
3,84492
1,35438
73.95 p. C.
0.99 c.
2.38C.
3,140,124
362,116
1.280,261
6,513 00
4,431 28
2,081 72
68.04 p. c.
1.09c.
2.36C.
$
3,9*3.443
442,868
1,119,657
7,198 50
5,381 46
1,817 04
74.76 p. C.
1.04C.
2.35 C.
$
3,638,413
435,994
844,613
6,219 19
4,848 62
1.37057
77.96 p. c.
1.17C.
2.22C.
$
3,785,486
440,014
1,121,365
7,100 61
5,28095
1,81966
74.37 p. c.
l.OOc.
2.19c.
$
3,892.040
358,110
856,033
6,717 14
5,328 03
1,389 11
79.3-i p. c.
1.05c.
2.00 C.
$
3,361,524
341,435
974,731
5,915 57
4,333 85
1,58172
73.26 p. c.
0.81 c.
2.05C.
S
3.305,987
373,648
1.074.211
5,958 49
4.215 35
1,743 14
70.75 p. C.
0.70C.
2.07C.
S
3.322,400
349,520
Gross Earnings per Mile.
Expenses per Mile
Net Earnings per Mile. . .
Expenses to Burnings...
Rate per Ton-Mile.
Rate per Passenger-Mile.
Years ending Dec. 31 :
Gross Earnings-
Main Line
Springfield Division. . .
Total
3,502,240
2,084,927
365,894
4,376,311
2,694,465
425,137
4,074,407
2,571,683
543,672
4,225,500
2,722,074
441,763
4,250,151
2,809,617
460,211
3,702,759
2,521,828
404,905
3,679,615
2,201,100
443,546
3,071,920
2,197.000
400,708
Operating Expenses —
Main Line
Springfield Division...
Total
2,450,821
1,055,197
d. 3,778
3,119,602
1,238,978
17,731
3,115,355
1,066,730
d. 107,678
3,163,837
1,003,412
d. 1,749
3,269,828
1,082,423
d. 102,101
2,926,733
£39,696
d. 63,470
2,644,646
1,104,867
d. 69,898
2,597,708
1,125.400
d. 51,188
Net Earnings —
Main Line
Springfield Division...
Total Net Earnings. .
1,051,419
1,256,709
959,052
1,061,663
980,322
776,226
1,034,909
1,074,211
Preferred stock is entitled to dividends at the rate of seven per cent, per annum, payable
semi-annually, for each and every year, before the payment of any dividend on ommon, and
to share equally with common in surplus remaining in any year after the latter shall have
received seven per cent. No dividend has been paid on preferred stock since March, 1876.
POOR'S MANUAL OF RAILROADS. 509
Annual meeting, second Thursday of October. Books close, fifteen days prior to annual
meeting. Registrar of stock, Union Trust Co. Trustee 1st and 2d consolidated mortgage
bonds, Allan Campbell ; 1st general mortgage 5 per cent, bonds, Union Trust Company.
Stocks and bonds listed on New York, Baltimore and London Stock Exchanges. Interest
on all bonds payable at office of Union Trust Co., New York.
The annual interest charge on the Springfield Division bonds is $140,630. The average
gross earnings per year of that division for eleven years ending June 80, 1886, was $377,491.71 ;
average expenses per year during same period, $419,515.78, showing an average net loss on
operations, of $42,024.07.
Directors. — Until October, 1887. — Robert Garrett, Baltimore, Md.; James H. Smith,
New York, N. Y.; Edwards Whitaker, St. Louis, Mo. Until October, 1888.— F. W. Tracy,
Springfield, 111.; George S. Morison, F. P. Dimpfel.New York, N. Y. Until October, 1889.—
A. Gracie King, George C. Magoun, Charles R. Flint, New York, N. Y. ; B. S. Cunningham,
Cincinnati, 0. Until October, 1890. — J. F. Barnard, Cincinnati, 0. ; William Libbey, Robert
B. Minturn, New York, N. Y.
J. F. BARNARD, President and General Manager Cincinnati, 0.
Secretury— Edward P. Cutler Cincinnati, O. | Treasurer— Robert Reid Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
Transfer Agency Central Trust Co., New York, N. Y.
London Office Railway Share Trust Co., Limited, 4 Bank Buildings, E. C.
OHIO AND NORTHWESTERN RAILROAD COMPANY.
Main Line of Road.— Cincinnati, O., to Portsmouth, 0 103.0
Columbus and Maysville Branch : Hillsboro, O., to Sardinia, 0 18.7
Eillsboro Short Line : Junction C. & M. RR. to Hillsboro, 0 1.5—123.2 miles.
Sidings, 8.5 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs.
Historjr. — Chartered February 12, 1886, and acquired the main line of the Cincinnati and
Eastern Ry. at foreclosure Bale January 5, 1887, and changed it to standard gauge. The Co-
lumbus andMaysville RR., from Hillsboro to Sardinia, was purchased at judicial sale Febru-
ary 12, 1887. The company has under construction an extension of the main line from Ports-
mouth to Point Pleasant Bridge, 60 miles, and of the Columbus and Maysville from Sardinia
to Georgetown, 11 miles. See General Index for statements of Cincinnati and Eastern and
Columbus and Maysville Railroads.
Rolling Stock, February 12, 1887. — Locomotive engines, 9. Cars — passenger, 10 ; ex-
press and baggage, 4 ; freight, 184.
Financial Statement.— Capital stock, $3,200,000; funded debt, 1st mortgage 6 per cent,
bonds, due July 1, 1936, interest payable January and July, $2,000,000 ; second mortgage 5
per cent, bonds due October 1, 1926, interest payable April and October, $1,200,000 — total
stock and bonds, $6,400,000. First mortgage bonds are limited to $12,000 and second mort-
gage bonds to $7,000 per mile of completed road, and bear interest from January 1, 1889. The
capita] stock is limited to $19,000 per mile. Mercantile Trust Co. of New York, trustee of
bonds.
Directors (elected February 12, 1887).— H. C. Parsons, Natural Bridge, Va.; Warner Mil-
ler, George West, J. W. Simpson, New York, N. Y.; Clifford S. Sims, S. W. Wilson,
Philadelphia, Pa.; Emmons Elaine, Chicago, 111.; Henry Lewis, R. B. Bowler, H. B. More-
head, Cincinnati, 0. ; E. C. Pecliin, Cleveland, 0. ; W. A. Hutchins, J. W. Banuon, George
Davis, Portsmouth, O.; J. L. Vance, Gallipolis, O.
H. C. PARSONS, President Natural Bridge, Va.
E. C. Pechin, Vice-President and General Manager Cincinnati, O.
Treasurer— T. D. Rhodes Cincinnati, O. Auditor— W. D. Gray. . . . . .Cincinnati, O.
Secretary— 3. S. Wells New York, N. Y. Financial Agents— Barker Bros. & Co. Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
New York Office . .30 Broad Street,
510 POOR'S MANUAL OF RAILROADS.
OHIO SOUTHERN RAILROAD COMPANY.
Line of Road.— Springfield, O., to Wellston, 0 118.25
Branches to Coal iMines 21.75—140.00 miles.
Sidings, 17 miles. Gauge, 4 ft. 8J in. Rail (steel, 120 miles), 60 Ibs.
History. — Organized, as the Springfield, Jackson and Pomeroy RR. Co., December 17,
1874. Road opened to Charleston (12 miles) in 1877; to Jackson in 1878. Keceiver appointed
February 1, 1879. Sold under foreclosure October 29, 1879, and reorganized as Springfield
Southern Rli. Co., November 8, 1879. Name changed to Ohio Southern RR. Co., July 21,
1881. The road was originally 3 feet gauge.
Rolling Stock, December 31, 1886. — Locomotive engine?, 25. Cars— passenger, 4 ; bag-
gage, mail, and express, 3, freight (box, 18 ; platform, 30 ; dump, 50 ; coal, 2,0(JO ; caboose,
11), 2,109; service cars, 2 — total cars, 2,118. Included in the above are 7 locomotives and
1,300 coal cars, purchased in 1884 and 1885 on monthly payments, covering periods of from
3 to 8 years.
Operations for year ending December 31, 1886. — Train mileage — passenger, 101,388 ;
freight, 385,338 ; other, 102,888— total, 589,614 miles. Passengers carried, 188,434 ; carried
one mile, 2,544,760 ; average mile rate, 2.44 cents. Tons freight moved, 670,735 ; moved
one mile, 61,679,503; average ton-mile rate, 0.72 cent.
Earnings.— Passenger $62,046 41
Freight 441,731 22
Mail and Express 9,941 37
Miscellaneous .. 470 10
Expenses.— Transportation $99,742 74
Motive Power and Cars 59,110 44
Maintenance Way & Buildings. 139,355 43
General 20,503 39
Total ($3,672.78 per mile) $514,189 10 Total ($2,276.51 per mile) $318,712 00
Net earnings (38.02 per cent.), $195,477.10. Payments: Fixed charges, $128,978.87;
taxes, $20,490.40; other, $773.87- total, $150,243.14. Surplus, $45,238.96; surplus from
last year, $46,812. b8— total, $92,046.34.
General Balance Sheet, December 31, 1886.
Cost of Road, Equipment, etc $8,241,948 39
Materials and Fuel on Hand 23,440 98
Advances, etc 7,S52 49
Current Accounts 50,039 37
Cash on Hand 23,165 11
Total Assets $8,345,846 34
Capital Stock $3,840,000 00
Funded Debt Outstanding 4,200,000 00
Accrued Interest 15,840 00
Current Accounts 44,931 04
Other Liabilities 153,028 96
Profit and Loss 92,046 34
Total Liabilities $8,345,846 34
Funded debt consists of 1st mortgage 6 per cent. 40-year gold coupon $1,000 bonds, due
June 1, 1921, interest payable June and December, $2,100,000; second mortgage income 6
per cent. 40-year coupon $1,000 bonds, due June 1, 1921, interest payable June and Decem-
ber, if earned, non-cumulative, $2,100,000— total, $4,200,000.
Trustees of bonds and registrar of stock, Central Trust Company, New York, N. T.
Annual meeting third Monday in April ; books close ten days prior thereto. Stock and
bonds listed on the New York Stock Exchange. Interest payable at office of Corbin Bank-
ing Co., 115 Broadway, New York City.
Directors (elected April 18, 1886).— Henry Graves, Austin Corbin, Alfred Sully, Dumont
Clarke, J. R. Maxwell, New York, N. Y.; Robert K. Dow, Claremont, N. H.; Amos White-
ley, Wm. Whiteley, Geo. H. Frye, Springfield, 0.; H. L. Chapman, Isaac Brown, Jack-
son, 0.; H. H. Weakley, Troy, 0.; H. S. Willard, Wellston, 0.
ALFRED SULLY, President 115 Broadway, New York.
Henry Graves, Vice-President and Treasurer. .115 Broadway, New York.
Secretary— Wilberfurce Sully New York, N. Y. | Gen. Manager— C. E. Henderson Indianapolis, Ind.
Auditor— C. B. Lockwood Indianapolis, Ind.
PRINCIPAL OFFICE AND ADDUESS Indianapolis, Ind.
Transfer Office 115 Broadway, New York, N. Y.
POOR'S MANUAL OF RAILROADa 511
ONTONAGON AND BRULE RIVER RAILROAD COMPANY. (In Progress.)
Line of Road. — Ontonagon, Mich., to Brule River 80 miles?.
Completed : Ontonagon to Rockland, Mich 20 miles.
Sidings, 1 mile. Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs.
History.— Chartered September 10, 1880. Road opened August 14, 1882. The road is
being extended south to a connection with the Wisconsin and Michigan RR. at Brule River,
and when completed the two will be consolidated with the Milwaukee and Northern, forming
a through line from Milwaukee to Ontonagon.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; freight (box, 2 ; platform,
15), 17 — total, 18. Also, 1 caboose car.
Operations for year ending December 31, 1886. — Train mileage and traffic not reported
Earnings — passenger, $1,261.72; freight, $2,296.63 — total, $3,558.35. Expenses — mainte-
nance of way, $1,278.91 ; motive power and cars, $112.05 ; transportation, $2,259.35 ; miscel-
laneous, $209.59— total, $3,859.90. Deficit, $301.55 ; deficit from last year, $13,308.62 — total,
$13,610.17.
Financial Statement, December 31, 1886.— Capital stock (authorized, $1,000,000) paid in,
$490,170 ; unpaid stock subscriptions, $1,330 ; current accounts, $27,149.68— total, $518,
649.68. Contra: Cost of road, $486,516.96; rolling stock, $17,062.55; material and fuel,
$130 ; current accounts, $1,330 ; profit and loss, $13,610.17. No bonds have as yet been
issued on this road. This company has a land grant of six sections to the mile, within a
six-mile limit, granted by act of Congress, June 3, 1856.
Annual meeting second Thursday of July.
Directors (elected July 1, 1886). — Ezra Rust, Saginaw, Mich. ; Thomas Nestor, Detroit,
Mich. ; Angus Smith, James C. Spencer, E. Mariner, Guido Pfister, Milwaukee, Wis.
EZRA RUST, President Saginaw, Mich.
Angus Smith, Vice-P resident Milwaukee, Wis.
Treasurer— Guido Pfister Milwaukee, Wis. | Secretary— E. Mariiier Milwaukee, Wis.
PRINCIPAL OFFICE AND ADDRESS , Milwaukee, Wis.
PARIS AND PERE MARaUETTE RAILROAD COMPANY.
Line of Road. — Palmerville, Mich., to Upper Paris, Mich 16 miles.
Gauge, 3 ft. 1 in. Rail, 40 Ibs.
History. — Chartered July 20, 1882 ; road opened July 19, 1884. This road is used en-
tirely for logging purposes.
Rolling' Stock. — Locomotive engines, 3. Cars — platform, 1; logging, 45; other, 20 —
total cars, 66.
Operations for year ending December 31, 1886 — Not reported. Earnings — passenger,
$433.04; freight, $29,759.30— total, $30,192.34. Expenses— maintenance of way, $3,365.21;
motive powerandcars, $1,543.90 ; transportation, $7,899.12 ; miscellaneous, $1,348.60 — total,
$13,956.83. Net earnings, $16,235.51. Surplus from last year, $16,368.20— total, $32,603.71.
Financial Statement, December 31, 1886.— Capital stock, $48,000 ; balance due for con-
struction and equipment, $35,205.39 ; profit and loss, $32, 603. 71— total, $115,809.13. Contra :
Cost of road, $65,612.28; rolling stock, $33,828.62 ; cash on hand, $16,368.20.
Directors (elected December, 1886). — Luke Palmer, Paris, Mich.; George W. Crosby,
John J. Nichols, Charles J. Church, Greenville, Mich.; Jno. W. Moon, Alex. V. Maun, Mus
kegon, Mich.
CHARLES E. HILL, President and General Manager Palmerville, Mich.
Treasurer— Charles J. Church Greenville, Mich. | Secretary— George W. Crosby Greenville, Mich.
PRINCIPAL OFFICE AND ADDRESS Greenville, Mich.
PAW PAW RAILROAD COMPANY.
Line of Road. — Lawton, Mich., to Paw Paw, Mich 4 miles
Sidings and other tracks, 0.25 mile. Gauge, 3 ft. Rail, 30 Ibs.
512 POOR'S MANUAL OF RAILROADS.
History.— Chartered September 16, 1857 ; road opened October, 1867. Operated in con-
nection with the Toledo and South Haven RR. Co., which supplies rolling stock.
Rolling Stock. — Leased from Toledo and South Haven RR. Co.
Operations for year ending December 31, 1886. — Mixed trains run, 10,766 miles. Pas-
sengers carried, 19,176; carried one mile, 76,704. Tons freight moved, 5,374; moved one
mile, 21,496. Earnings— passenger, $4,294.97 ; freight, $4,839.72 ; mail, $177.42 ; express
and baggage, $786.02— total, $10,098.13. Operating expenses, $10,422.23. Deficit from opera-
tions, $324. Payments : Interest on bonds, $300 ; interest on debt, $99.20 ; dividends on
guaranteed stock, $2,400— total, $2,799.20. Deficit, $3,123.20; surplus from last year,
$1,909.54— net deficit as per balance sheet, $1,213.66.
Financial Statement, December 31, 1886.— Capital stock (par value, $100), $75,000 ;
funded debt, 1st mortgage 10 per cent, registered bonds, due 1890, interest January and July,
$3,000 ; bills payable, $1,240; current accounts, $2,215.98— total, $81,455.98. Contra: Con-
struction, $78,000 ; current accounts, $340.90 ; material?, $1,440-70 ; cash on hand, $460.72 ;
profit and loss, $1,213.66— total, $81,445.98.
Annual meeting, second Tuesday in January. Interest payable at Boston, Mass. ; divi-
dends at Lawton, Mich.
Directors (elected January 11, 1886).— F. B. Adams, John Ihling, Henry Ford, G. W.
Lawton, Lawton, Mich.; E. A. Park, L. C. Hurd, Edwin Martin. Paw Paw, Mich.
F. B. ADAM^, President Lawton, Mich.
E. Martin, Vice-President and Treasurer Paw Paw, Mich.
Secretary— Henry Ford Lawton, Mich. | Superintendent— J '. Ihling Lawton, Mich.
PBINCIPAL OFFICE AND ADDRESS Lawton, Mich.
PEORIA AND PEKIN UNION RAILWAY COMPANY.
Main Line of Road.— Pekin, 111., to Peoria, 111 10.00
Peoria and Springfield Division : Peoria, 111., to Pekin, 111 8.10 — 18.10 miles.
2d track, 2.1 ; sidings, 31.7 miles. Gauge, 4 ft, 8i in. Rail (steel, 30.2 miles), 56 and 59 Ibs.
History. — Chartered September 1, 1880. Operations begun February 1, 1881. The lines
of the Peoria, Pekin and Jacksonville, and the Peoria and Springfield RR. Cos. were acquired
by purchase.
Rolling Stock, December 31, 1886. — Locomotive engines, 12. Cars— passenger, 1 ;
freight (platform, 4 ; coal, 150 ; caboose, 1), 155.
Operations for year ending December 31, 1886. — Train mileage and traffic not reported.
Earnings — passenger, $13,250.02 ; freight, $36,562.12 ; express, $568.29 ; miscellaneous,
$175,971.5;)— total, $226,351.96. Expenses — maintenance of way, $18,444.10; maintenance of
cars, $14,016.74 ; motive power, $41,222.58 ; transportation, $85,194.66; miscellaneous, $19,-
108.55— total, $177,986.63. Net earnings, $48,365.33. Add road rentals, $117,250.00 ; depot
rentals, $9,738.17; elevator earnings, $5,267.25— total available revenue, $180,620.75. Pay-
ments: Interest on bonds, $168,750; other interest, $8,640; rental lands and buildings at
Peoria, $8,106.50 ; bonds redeemed, $6,000; taxes, $19,110.98 ; construction, $90, 722.36—
total, $301,329.84. Balance, deficit, $120,709.09. Surplus from last year, $177,417.70— net
surplus as per balance sheet, $56,708.61.
Financial Statement, December 31, 1886.— Capital stock, $1,000,000 ; funded debt, $2,-
994,000 ; bills payable, $118,183.24 ; current accounts, $47,510.56 ; betterment account, $101,-
360.79; profit and loss, $56,708.61— total, $4,317,763.20. Contra: Construction, etc., $4,-
203,360.79 ; materials and supplies, $9,264.53 ; current accounts, $66,161.89 ; cash, $38,97o.99
—total, $4,317,763.20.
Funded debt consists of $1,495,000 ($1,500,000 authorized) first mortgage 6 per cent. 40-year
$1,000 coupon bonds, due February 1, 1921, interest payable quarterly, February, May, Au-
gust and November, and $1,499,000 ($1,500,000 authorized) second mortgage 4| per cent. 40-
year $1,000 coupon bonds, due February 1, 1921, interest payable May and November.
POOR'S MANUAL OF RAILROADS. 513
Annual meeting, second Tuesday in March. Interest on bonds payable at the office of
the trustee, the Central Trust Co., New York. Bonds listed on New York Stock Exchange.
The capital stock is held in equal amount (each 2,500 shares) by the W abash, St. Louis
and Pacific Ry. Co., the Peoria, Decatur and Evansville Ry. Co., the Indiana, Bloomington
and Western Ry. Co., and the Peoria and Jacksonville Ry. Co.
Directors (elected March 8, 1887).— Austin Corbin, Jay Gould, John T. Terry, A. L.
Hopkins, Sohiinon Humphreys, 0. D. Ashley, Henry Graves, John T. Martin, Nelson Robin-
son, New York, N. Y.; D. J. Mackey, Evansville, Ind.; J. J. Fletcher, Peoria, 111.; James F.
How, St. Louis, Mo.
A. L. HOPKINS, President New York, N. Y.
Secretary and Treas.—R. A. Bunker Peoria, 111. | Gen. Supt.—T. B. Burnett Peoria, 111.
PRINCIPAL OFFICE AND ADDRESS Peoria, 111.
PEORIA, DECATUR AND EVANSVILLE RAILWAY COMPANY.
Main Line of Road. — Pekin, 111. , to Evansville, Ind ....................... 235.3 miles.
New Harmony Branch : Stewartsville, Ind. , to New Harmony, Ind .............. 6.0 miles.
T , j Peoria and Pekin Union RR. : Pekin, 111., to Peoria, 111 ............ 10.2 miles.
' \ Illinois Central MR. : Through Decatur ............................. 2.6 miles.
Total length of lines owned and leased .................................. 254.1 miles.
Sidings, 40 miles. Gauge, 4 ft. 8i in. Rail (steel, 194 miles), 52 and 56 Ibs.
History.— For full history see MANUAL for 1886, page 235.
The company uses the Peoria and Pekin Uirion Ry. under a lease for 50 years from Feb-
ruary 1, 1881, at a monthly rental of $1,875 and proportion of supplies and track repairs, and
the Illinois Central under a 10-year lease from June 7, 1880.
Boiling' Stock, December 31, 1886. — Locomotive engines, 30. Cars — passenger, 12; bag-
gage, mail and express, 6; freight (box, 1,230; platform, 126; stock, 99; coal, 177), 1,632;
other, 3 — total cars, 1,653. Of the above, 929 box, 49 stock, and 1^0 coal cars have been
acquired through car trust.
Operations for year ending December 31, 1886. — Train mileage — passenger, 266,230 ;
freight, 315,866 — total, 58^,096 miles. Passengers carried, 246,470 ; carried one mile, 5,733,-
027. Average mile rate, 2.62 cents. Tons freight moved, 477,536 ; moved one mile, 49,532,-
342 ; average ton-mile rate, 1.09 cents.
Earnings.— Passenger ....................... $150,697 59
Freight .......................... 539,398 27
Mail ............................ 14,18713
Express ........................ 14,67328
Miscellaneous ....... ........... 95,788 96
Total ($3,206.39 per mile) $814,745 23
Expenses.— Transportation $187,299 08
Motive Power and
Maintenance of Cars
Maintenance Way and Buildings 109,884 82
General 42,159 99
I- 53,725 67
Total ($1,153.76 per mile) $393,069 56
Net earnings (51.76 per cent.), $421,675.67. Payments : Rentals of tracks, $29,270.97 ;
interest on bonds, $182,820 ; on equipment certificates, $16,485 ; equipment certificates retired,
$48,000; steel rails, etc., $36,687.03; taxes, $38,937.70— total, $352,200.70. Surplus, $69,-
474.97. Surplus from last year, $74,940.01— total, $144,414.98.
General Balance Sheet, December 31, 1886.
Construction $12,670,821 83
Equipment 574,17817
Sundry Securities 17,000 00
Materials and Fuel 14,300 46
Accounts Receivable 77,16546
CashonHand 210,76897
Equipment Purchase 41,500 00
Total Assets $13,605,734 89
Capital Stock $8,400,000 00
First Mortgage Bonds 2,757,00000
Income Bonds 2,088,000 00
Current Accounts 38,208 64
Accrued Interest 134,002 49
Other Liabilities 44,108 78
Balance, Profit 144,41498
Total Liabilities $13,605,734
The funded debt consisted, December 31, 1886, of—
1st mtge. Peoria Div. (Pekin to Mattoon, 108 m.) 6 p. c. 40-year bonds, due Jan. 1, 1920, int. Jan. & July..$l,287,000
Income mortgage Peoria Div. (Pekin to Mattoon, 108 m.) 40-year bonds, due Jan. 1, 1920 858,000
1st mtg. Evansv. Div. (Mattoon to Evansv., 128 m.) 6 p. c. 40-year bonds, due Sept. 1, 19^0, int. M. & S.. 1,470,000
Income mortgage, Evansville Div. (Mattoou to Evansville, 128 m.) 40-year bonds, due September 1, 1920. 1,230,000
33
514
TOOK S MANUAL OF RAILROADS.
The company has made a new ipsue of 3d mortgage 5 per cent. 40-year bonds, due No-
vember 1, 1927, interest payable May and November, to the amount of $2,088,000, to be issued
in exchange for incomes, dollar for dollar.
The first mortgage bonds are coupon; the incomes registered. All bonds are of $1,000
each. Trustee of Peoria Division mortgages, Central Trust Co. of New York; trustees of
Evansville Division mortgages. H. L. Morrill, Evansville, Ind., and Central Trust Co. of New
York. The payment of interest on the Peoria Division income bonds is contingent upon the
excess of earnings after payment of all expense?, taxes, rentals, first mortgage bond interest
and betterment expenditures. Such interest charge is non-cumulative. The game conditions
apply to interest on Evansville Division incomes, and on both divisions interest is limited to
six per cent, in any one year.
Annual meeting first Tuesday in March ; books close 10 days prior thereto. Stock and
bonds listed on New York Stock Exchange. The 2d mortgages were listed in April, 1887,
and the incomes withdrawn. Voting power attaches to stock immediately after transfer.
Holders of all classes of bonds are entitled to vote at meetings of stockholders. Central Trust
Co. of New York, general fiscal agent and registrar of stock.
Statement of P., D. & E. Car Trust Certificates, December 31, 1886:
Car Trust.
Series.
Date of
Issue.
Denomi-
nation.
Total
Issue.
Matured
and Paid.
OUTSTANDING.
Rate of
Interest.
Interest
Payable.
Amount.
Payable.
Peoria.
Peoria.
Peoria.
1st
A
B
Feb. 1, 1881
Apl. 1, 1882
Feb. 1, 1884
1,000
1,000
$
250,000
150,000
80,000
$
125,000
*110,000
16,000
$
125,000
40.000
64,000
25 Annually
15 Annually
8 Annually
Feb. 1st
Apl. 1st
Feb. 1st
7 per cent.
7 per cent.
7 per cent.
Semi- Ann.
Semi- Ann.
Semi- Ann.
480,000
351,000
229,000
* At time of execution of this series the P., D. & E. Ry. Co. paid 50 of these certificates, leaving 100 to mature.
Board of Directors elected March 1, 1887.
For One Year —
George I. Seney.. .New York, N. Y.
John T. Martin . . .New York, N. Y.
C. R. Cummings Chicago, 111.
For Two, Tears—
F. C. Hollins New York, N. Y.
Nelson Robinson.. New York, N. Y.
E. H. R. Lyman. . .New York, N. Y.
For Three Tears—
Edward Brandon. .New York, N. Y.
Henry Atken New York, N. Y.
George L. Bradbury.. ..Peoria, 111.
D. J. MACKEY, President Evansville, Ind.
V.-Pres. & Gen. Mgr.— George L. Bradbury.. Peoria, 111. Treasurer— R. A. Bunker Peoria, HI.
Zd Vice-President—KenTy Atken New York, N. Y. Secretary— L. M. Schwann New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Peoria, 111.
PITTSBURGH, CINCINNATI AND ST. LOUIS RAILWAY COMPANY.
Main Line of Road. — Birmingham, Pa., to Columbus, 0 189.42 miles.
Cadiz Branch : Cadiz Junction to Cadiz, 0. 7.85 miles.
mi . j Monongahela Ex. P. RR.: Pittsburgh. Pa., to Birmingham. . .1.23
• \ Union Depot : Yard tracks in Columbus, 0 0.25—1.48 miles.
Total length of Pittsburgh, Cincinnati and St. Louis Ry. proper 198.75 miles.
2d track, 40.52 m.; sidings, 88.30 m. Gauge, 4 ft. 9 in. Rail (steel, 270.97 m.), 60 to 75 Ibs.
History.— Formed May 14, 1868, by the consolidation of the Pittsburgh and Steuben%-ille
RR. Co. of Pennsylvania (chartered March 24, 1849), the Holliday's Cove RR. Co. of Virginia
(chartered March 30, 1860), and the Steubenville and Indiana RR. Co. (chartered in Ohio,
February 24, 1848). The road of the latter company was opened in 1855. The Pittsburgh
and Steubenville RR. was opened in 1865 and reorganized January 15, 1868, under title of
Pan Handle Ry. Co.
That portion of the road between Nt-wark and Columbus, O., 33 miles, is owned jointly
with the Central Ohio RR. Co.
This company leases the Chartiers Ry., 22.76 miles, the Pittsburgh, "Wheeling and Ken-
tucky Ry., 28.04 milts, the Little Miami RR. and leased line.*, 199.41 miles, all of which are
POOR'S MANUAL— PITTSBURGH, CINCINNATI AND ST. LOUiS RY. CO. 515
operated by it, but are reported separately. The company also has a half interest in the lease
of the St. Louis, Vandalia and Terre Haute RR., 158.3 miles, which is operated by the Terre
Haute and Indianapolis Rtt. Co.
On the first of January, 1886, the Cincinnati and Muskingum Valley Ry., which, since
May 1, 1873, had been operated by this company under lease, was surrendered.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 146. Cars — passenger, 59 ;
baggage, mail and express, 32 ; freight (box, 3,572; stock, 966 ; platform, 187 ; coal, 153 ;
gondola, 202), 5,080 ; caboose, 83 ; other, 12— total cars, 5,266. Of these, 500 box and 500
stock were acquired through car trust, and 209 more of the box cars and the 202 gondolas ara
Penua. Co. Car Trust cars assigned to this company.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $915,302 04
Freight 3.504,742 11
Mail 204,092 40
Express 110,466 55
Miscellaneous 17,993 29
Total ($23,912.43 per mile) $4,752,596 39 Total (815,751.90 per mile) $3,130,690 31
Net earnings (34.13 per cent.), $1,621,906.08. Add other receipts, $4,974.20— total net
income, $1,626,!580. Payments: Interest on funded debt, $646,990; interest on car trusts,
$53,659.88; rent Monongahela Extension RR., $53,278.04; interest on securities received
under lease of Little Miami, credited to income account of that road, $79,444 ; loss in oper-
ating leased lines, $445,343.06 ; settlement of sundry accounts, $14,172.41— total, $1,292,887.-
39. Surplus, $333,992.89. Deficit from 1885, $428,482.28. Add (sundry debits, $35,904.65,
less, sundry credits, $11,093.65) $24,811— total, $453,293.28. Deficit as per balance sheet,
$119,300.89.
Statement of funded debt in detail, and of bonds of leased lines for which the P., C.
and St. Louis Ry. Co. is responsible.
Expenses. — Maintenance of Way $601,745 03
Maintenance of Cars 4^2,510 35
Motive Power 896,960 41
Transportation 1,003,595 31
Miscellaneous 135,879 21
CHARACTER OP BONDS.
Date of
Bonds.
Rate.
Interest
Payable.
Principal
when Due.
Amount
Outstand'g.
Annual
Charge.
P. C. & St. L. Ry., 1st Mortgage Consol.,
coup, and reg. $1,000
Aug. 1, 1868
April 1, 1873
Jan. 1, 1884
April 1, 1864
Feb. 2, 1863
May 2, 1853
Nov. 2, 1882
Nov. 1, 1804
Nov. 1, 1864
Nov. 15, 1860
July 1, 18G4
Nov. 2, 1868
7
7
5
6
6
5
6
7
7
6
6
Feb. & Aug.
April & Oct.
Jan. & July
Jan. & July
Feb. & Aug.
May & Nov.
May & Nov.
Jan. & July
Jan. & July
Mar. & Sept.
Jau. & July
May & Nov.
Aug. 1, 1900
Apr. 1, 1913
Jan. 1, 1914
Jan. 1, 1890
Feb. 1, 1893
May 2, 1883
Nov. 2, 1912
Jan. 1, 1905
Jan. 1, 1905
Sept. 1, 1890
July 1, 1894
Nov. 1, 1898
$
6,F63,000
2,500,000
3,000,000
134,000
120,000
2,000
1,500,000
463,000
33,000
302,000
250,000
275,000
$
480,410
175,000
150,000
9,380
7,200
P.,C.& St.L.Ry..2d Mortgage coup. 81,000
S. & I. RR. Extended IstMtge. reg. $1,000
Columbus and Newark Div., coup. $1,000
Holliday's Cove RR. Co., coup. $1,000
Leased Lines.
Mortgage Little Miami RR
Renewal Mortgage Little Miami RR. .
Dayton & Western RR. Guaranteed. .
Dayton & Western RR. Guaranteed. .
1st Mortgage Col. & Xenia RR. Co. . .
75,000
27,780
2,240
21,140
16,000
10,500
1st Mortgage Cin. tit. Connection Ry .
2d Mortgage Cin. St. Connection Ry. .
The consols and the 2d mortgages are secured on main line from Birmingham to Newark,
and undivided one-half of the line from Newark to Columbus. The S. and I. RR. extended
first mortgage is secured on line of road from Steubenville to Newark, 0.; the Columbus
and Newark Division bonds by a lien on undivided half of road from Newark to Columbus,
0., and the Holliday's Cove RR. bonds on the Steubenville Bridge and approaches thereto.
The S. & I. extended bonds and $4,282,000 of the P., C. & St. L. consols are registered ; all
the others are coupon ; all issues are $1,000 bond?, except a part of the' Columbus and Xenia
RR. bonds, which are $500.
Trustees : first consolidated mortgage, George B. Roberts and Robert W. Smith ; second
mortgage, John P. Green and Albert Hewson ; S. and I. first mortgage extended, Henry
M. Alexander ; Columbus and Newark Division and Holliday's Cove-RK., George B. Rob-
erts. Stock Transfer Agent, S. B. Liggett, Pittsburgh, Pa.
The first consolidated mortgage bonds are listed on the New York and Philadelphia Stock
Exchanges. Interest on the $3,000,000 S. and I. RR. Co. 1st mortgage extended bonds is
516 POOB'S MANUAL — PI1TSBUBGH, CINCINNATI AND ST. LOUIS RY. CO.
payable at the National City Bank, 52 Wall Street, New York ; on nil others at 233 South
Fourth Street, Philadelphia, Pa. Annual meeting, third Tuesday in March ; books close 10
days prior thereto. Stockholders of record at time of closing transfer books are entitled to
vote.
Statement showing net earnings, rental paid, and profit or loss to lessee of all leased
lines :
RAILROADS.
Miles
Operated
Gross
Earnings.
Net
Earnings.
Rental
Paid.
Profit or Loss
toP.,C.&S.L.
Chartiers Railway
22 76
$
217 043 61
$
111,258 67
$
111,258 67
$
Pittsburgh, Wheeling and Kentucky RR
28.04
160,876 67
51,66221
51,66221
Little Aliarni RR. (ana Leased Lines)
199 41
1 791 894 34
246,639 51
121 31940
L 468 079 89
St. Louis, Vandalia and Terre Haute RR
158.30
1,503,708 78
497,786 29
451,11263
* P 23,336 83
Totals
408 51
3683 52330
907,34668
735,35.2 91
L 445 343 06
* The P., C. & St. L. Co. has only one half interest in the profit or loss in operaling this line.
Statement of operations, capital accounts, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad.
200.90
266.84
215.80
106
40
26
1,555
633,938
2,346,534
778,461
31,535,558
2,726,847
367.377,011
$
3,603,124
2,003,561
200 90
267.70
216.20
90
47
28
1,471
710,524
2,326,089
902,454
36,303,468
3,099,994
385,153,890
$
4,323,407
2,290,725
200.90
284.00
235.40
141
50
28
4,474
811,124
2,595,715
1,017,431
38,504,300
3,297,844
401.946,012
$
4,069,054
2,759,740
200.90
298.84
235 40
141
56
28
4,475
883,350
2,517,720
1,161,538
39,394,896
3,125,645
415,441,957
$
4,214,923
2,831,000
200.90
297.08
236.60
124
59
28
4,575
1,015,052
2.672,601
1,235,983
40,425,700
3,466,544
428,293,199
8
4,623,741
3,087,466
198.75
325.70
243.01
146
59
32
5,669
1,043.369
2,684,937
. 1,323,074
40,060,657
3,630,919
432,041,558
4,045,258
2,731,960
196.75
314.52
275 53
146
56
32
4,515
1,107,544
2,871,698
1,261,427
41,343,364
4.066,386
523,347,364
8
4,033.623
2,681,633
198.75
326.09
270.97
146
59
32
5,080
1,101,412
3,180.259
1,321,432
37,160,425
4.864.a89
560,933.302
$
4,752,596
3,130,690
Miles of Tracks
Miles of Steel Rail
Locomotive Engines ....
Passenger Cars
Baggage, Mail, etc., Cars...
Freight ( = 8-wh.) Cars
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings
1,599,563
14,022
2,032,682
16,041
1,309,314
22,670
1,383,923
19,637
1,536,275
8,784
1,313,298
8,550
1,351,990
5,424
1,621,906
4,974
Other Receipts
Available Revenue
Interest on Bonds, etc
Other Interest
1,613,585
991,161
79,444
37,500
2,048,723
937,980
79,444
37,500
1,331,984
949,103
79,444
£9,583
1,403,560
995,531
79,444
50,000
1,545,059
866,292
79,444
50,000
1,321,848
751,396
79,444
51,147
1.357,414
746,161
79,444
51,147
1,626,880
700,650
79,444
63,278
14,172
Rent Monon. Ext. RR ....
Other Payments
Total....
1,008,105
605,481
193,480
412,001
17,934 91
9,972 93
7,961 98
55. 61 p.c.
2.41 c.
0.72 c.
$
8,437,200
12,497,000
1,386,874
741,493
1,054,924
993,799
247,932
745,867
21,57388
11,43077
10,143 11
52.98 p. c.
2.38 c.
0.84 c.
8
8,437.200
12,497,000
1,351,980
835,913
97,051
1,068,130
263,853
522,637
df. 258,784
20,254 13
13,73683
6.517 25
67. 82 p.c.
2.31 C.
0.72 c.
$
8,437,200
12,617,000
1,351,980
1,200,731
1,124,975
278,585
271,177
7,408
20,980 20
14,091 58
6,88862
67.17 p. c.
2.52 c.
0.71 C.
$
8,437,200
12,617,000
1,345,480
1,212,134
* 1,006.154
538,905
592,747
df. 53,842
23,015 13
15,368 17
7,64696
66. 77 p.c.
2.60 c.
0.76 c.
S
8,437.200
12,617,000
1,160,849
1,692,961
*909,876
408,046
555,256
df. 147,209
20.135 68
13,598 61
6.537 07
67.53D. c.
2.52 C.
0.63 c.
8,437,200
12,617,000
1,159,315
1,847,205
876,752
480,662
520,821
def. 40,159
20,077 77
13.348 10
6.72967
66.48 p. c.
2.21 c.
0.53 c.
8
8,437,200
12,617,000
1,146,344
2,013,725
817,544
779.336
4-15,343
333,993
23,912 43
15.751 90
8,16053
65.87 p. C.
2.46 C.
0.62 C.
8
8,437,200
12,617,000
1,145,090
1,680,136
Net Profit
Deficit on Leased Lines
Profit all Lines
Gross Earnings per Mile...
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
Capital Stock...
Funded Debt
Deferred Liabilities. ..
Current Accounts, etc
Profit and Loss
Total Liabilities
23,062,567
19,942,295
246,009
360,237
660,294
376,254
1,202,430
237,543
37,505
23,219,144
19,942,25)5
330,262
360.237
706,241
341,399
1,076,528
462,182
23,606,911
19,979,033
436,876
360,237
885,376
341,399
980,133
297,465
376,392
23,611,814
19,995,963
537,332
860,237
656,777
340,299
1,001,034
437,708
282,464
23,908,010
20,605,107
474, 338
64.(i39
20,318
1,085,967
1,107,502
317,725
232,414
24,060,720
20,798,277
292,014
64,639
21,744
1,109,717
1,119,287
258,918
396,124
24,214,269
20,870,740
3S9.996
84,688
38,170
1,109,717
1,036,391
276.134
428,482
23,879,426
20,9ti5.:J92
330,698
64.639
16,022
I.i(i9.;i7
951.613
322,045
119,300
Railroad and Equipment....
Materials and Supplies
Deferred Assets
Bettcrm'ts to Leased Lines.
Stocks and Bonds.. . .
Current Accounts
Cash on Hand
Profit and Loss
Total Assets
23,062,567
23,219,144
23,606,911
23,611,814
23,908,010
24,060,720
24,214,269
23,879,426
NOTE.— Interest paid, in above table, includes interest en Car Trusts. " Other Interest" consists of interest
on securities received under lease of Little Miami and credited to income account of that road. * Less amounts
paid in settlement of passenger and freight accounts with other lines.
POORS MANUAL OF BAILROADS.
517
General Balance Sheet, December 31, 1886.
Construction, Equipment, etc $20,965,392 06
Stocks and Bonds
Materials and Fuel
Other Property and Assets
Cash, $322,045.25 ; Accounts, $728,380.44..
Profit and Loss
1,109,717 05
330,697 76
303,893 28
1,050,425 69
119,300 39
Common Stock (par, $50) $2,508,000 00
Preferred Stock (par, $50) 5,929,200 00
Funded Debt 12,617,000 00
Current Accounts 1,680,13658
Other Liabilities 1,145,089 65
Total Assets $23,879,426 23 Total Liabilities $23,879,426 23
Of the preferred stock, $2,929,200 is 1st preferred and $3,000,000 is 2d preferred. Par
value of stock, $50 per share.
Directors (elected March 15, 1887).— George B. Roberts, Philadelphia, Pa. ; J. N. Mc-
Cullough, William Thaw, Thomas D. Messier, Pittsburgh, Pa.; Henry H. Houston, Wistar
Morris, J. N. Du Barry, John P. Wetherill, John P. Green, William H. Barnes, Philadelphia,
Pa.; David S. Gray, Columbus, O. ; Robert Sherrard, Jr., George W. McCook, Steubenville, 0.
GEORGE B. ROBERTS, President Philadelphia, Pa.
1st Vice-President— S . N. McCnllongh... Pittsburgh, Pa. I Treasurer— John E. Davidson Pittsburgh, Pa.
Zd Vtce-Prendent—W\\\\&m. Thaw Pittsburgh, Pa. Secretary— S. B. Liggett Pittsburgh, Pa.
M VicePrest. $ Compf..—T. D. Messier. Pittsburgh, Pa. | General Manager— James McCrea Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Penn Avenue and Tenth St., Pittsburgh, Pa.
PITTSBURGH, FORT WAYNE AND CHICAGO RAILWAY COMPANY.
Main Line of Road.— Pittsburgh, Pa., to Chicago, 111 468.32 miles.
Cummings Branch : South Chicago to Cummings, 111 1.57 miles.
Leased : New Castle and Beaver Valley and Lawrence Railroads 37.02 miles.
Total length of line operated December 31, 1886 506.91 miles.
2d track, 90.46; sidings (owned, 230.33; leased, 15.04), 245.37 miles. Gauge, 4 ft. 9 in.
Rail (steel, 684.70 miles), 60 and 671bs.
History. — Consolidation of the Ohio and Pennsylvania RR. Co. (chartered in Ohio Feb-
ruary 24, 1848 ; in Pennsylvania April 11, 1848), the Ohio and Indiana RR. Co. (chartered in
Ohio March 20, 1850 ; in Indiana January 15, 1851), and the Fort Wayne and Chicago RR. Co.
(organized in Indiana September 22, 1852 ; in Illinois February 5, 1853). Consolidation com-
pleted August 1, 1856, and the whole line put in operation January 1, 1859. On the 1st July,
1859, the company made default in the payment of interest on its bonds, and its road was sold
under foreclosure October 24, 1861. A reorganization was effected February 26, 1862, under
existing title. On the 27th of June, 1869, its road was leased in perpetuity to the Pennsyl-
vania RR. Co. It is now operated by the Pennsylvania Company. The lessees assumed all
the obligations of the lessors, and agree to pay dividends quarterly (January, April, July and
October), on the share capital of the lessors, at the rate of 7 per cent, annually.
The New Castle and Beaver Valley and the Lawrence RRs. are leased to this company
and operated by the Pennsylvania Co. at rentals equivalent to 40 per cent, of gross earnings
of the respective lines. Operations of these roads are separately reported.
Rolling Stock, December 31, 1886. — Locomotive engines, 288. Cars — passenger, 152 ;
baggage, mail and express, 64; freight (box, 4,599 ; platform and coal, 4,527 ; stock, 1,511 ;
caboose, 135), 10,772 ; other cars, 263— total cars, 11,251. Of the above 700 box and 2,600
platform cars are car trust cars assigned by Pennsylvania Co.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $2,223,142 58 Expenses.— Transportation $2.171,420 11
Freight 6,249,609 60
Mail 194,23874
Express 148,346 10
Miscellaneous 300,974 96
Total ($19,400.95 per mile) $9,116,311 98
Motive Power ................. 1,702,251 87
Maintenance of Cars ........... 896,063 08
Maintenance Way & Buildings 686.440 73
General ...................... 390,88578
Total ($12,443.47 per mile) ............. $5,847,061 57
Net earnings (35.86 per cent.), $3,269,250.41. Profit operating N. C. & B. V. and Law-
renoe RRs., $13,027.68; total net income, $3,282,278.09. Deduct — joint earnings paid C. &
518 POOR'S MANUAL — PITTSBURGH, FORT WAYNE AND CHICAGO RT. CO.
P. RR., $201,879.02 ; amount received on account of freight traffic pools. $2,613.15— available
revenue, $3,080,012.22. Rental for year under terms of lease, including amount paid to sink-
ing fund and tax on capital stock, $3,133,176. Lesses' deficit for year, $50,163.78.
The amounts paid by the lessee company, during 1886, under terms of the lease, were :
Interest on funded debt, $875,700 ; contributions to siuking fund, $104,100 ; dividends (Jan-
uary, April, July and October, If per cent, each— 69 in all), $2,134,376 j sundries, $19,000—
total, $3,133.176.
General Balance Sheet, December 30, 1886.
Construction and Equipment $42,238.999 27
Sinking Fund 1st and 2d Mortgage Bonds. 4,285,571 89
Trustees' Sinking Fund 823.767 57
Other Property and Assets , 485,863 78
Cash to Pay Interest, and Dividends 715,145 56
Pennsylvania RR. Co. Lessee, Equipment
Bonds Uneurrendered 1,000,000 00
Capita] Stock, Common.. §19,714,285 71
Guaranteed Special 10,950,500 00— $30,B64,785 71
FundedDebt 12,510,00000
Current Accounts 653,652 16
Unsurrendered Equipment Bonds 1,000,000 00
Profit and Loss 4,720,910 20
Total Assets $49,549,348 07 Total Liabilities .
Statement of operations, etc., for eight years :
.$49,549,348 07
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
468.39
677.66
508.66
278
155
59
6,782
1,633,095
6,(>,S6,128
2.254,341
85,406,476
3.679.382
803,083,260
$
8,461,563
4,732,265
468.39
690.72
539.70
278
155
59
6,79B
1,824,012
6,4t2,471
2,596,615
104,287,111
3,865,675
806,257,399
$
10,174.915
5,654,398
468.39
724.12
566.22
281
152
59
7,789
2,015,298
7,916,719
2,863,120
130,478,469
4,753,220
1,044,447,161
$
10,839.591
6,138,064
468.39
731.34
572.48
288
152
67
7,807
2,052,547
5,458,631
3,103,406
140,057,672
4.837,236
991,907,501
$
10,957,133
6,588,669
467.97
757.95
607.21
288
152
64
7,817
2,213,439
7,231,701
3,140,627
127,520.075
5,076,311
944,563,376
$
10,965,656
7,218,137
468.39
780.93
661.80
288
152
64
8,078
2.187,673
6,558,414
3,271.864
110.639.940
4,696,583
907,951,237
$
9.204,314
6,296,849
469.89
790.15
674.70
288
152
M
8,078
2,311,707
6,900,454
3.225,650
134,613,104
4.711.888
953,564,515
S
8,252,076
5,839,914
469.89
790.68
684.70
288
152
64
10,772
2,159,926
6,620,236
3,422,178
104.370,187
5,413,597
903,083,277
$
9,131,953
6,048,941
Miles of Track
Miles of Steel Rails....
Locomotive Engines. .
Passenger Cars
Ba'ge, Mail, etc., Cars.
Freight, etc. , Cars
Pass. Train Miles
Freight Train Miles. . .
Passengers Carried
Passenger Miles
Freight (tons) Moved. .
Freight (ton) Miles
Gross Earnings *
Operating Expenses t . .
Available Revenue —
Int. & Skg. Fund ) Z (
Div. both Stocks. V g •<
Other Disbm'nts. \ tf I
Balance, Credit Lessee.
Gross Earnings p. Mile
Gross Expenses p. Mile
Net Earnings per Mile.
Expenses to Earnfngis.
Av. Rate p. Pass. p. M .
Av. Rate p. Ton p. M..
Common Stock
3,729,298
1,059,800
(7)1,823051
19,000
827,447
18,049 18
10,10326
f 7,945 92
53.25 p. c.
2.23 c.
0.76c.
8
19,714,286
6.329,300
13,510,000
4,510,517
1,059,800
(7)1 848 549
33,630
1,563,538
21,500-58
11,354 98
10,205 60
52.67 p. c.
2.16c.
0.92 c.
$
19,714,286
6,770,900
13,510,000
4,510,527
1,059,800
(7) 1,902.683
29,369
1,701,676
22,932 79
12,507 70
10,425 09
54. 43 p. C.
1.89 c.
0.74 c.
$
19,714,286
7,698,900
13,510,000
125,360
3,267,091
4,368,464
1,059,800
(7)1,943,162
29,602
1,335,600
23.281 13
13,403 41
8,877 72
57.57 p. c.
2.03c.
0.75C.
$
19,914,286
8,400,000
13,510,000
102,483
3,596.564
3,747,519
1,059,800
(7)1,968000
19,000
700,719
23,156 68
14.759 75
8,386 93
63.78 p. c.
2.19C.
0.79 C.
$
19,714,286
8,400.000
13,510,000
85.950
3,893,038
2,907.465
1,019;800
1,968,000
40,593
de/.188.634
19,568 74
12,895 88
6,672 86
65.85 p. c.
2.23c.
0.67C.
$
19,714.287
8,400,000
12,510,000
2,980,036
4,004,480
2,412.162
979.8' 10
2,094.122
30,948
dc/.69-.i,708
17,551 16
12.843 19
4,^07 97
68.60 p. c.
1.56c.
0.58c.
19,714,287
10,776.800
12,MO.OOO
1,646.234
4,355,616
3,083.012
979,800
2,134.376
19,000
dtf. 50,164
19.43423
12,873 99
6.5KO 24
64. 14 p. c.
2.13c.
0.69C.
$
19.714,286
10,950,500
12.510,000
1.053.li52
4,720,910
Gnar. Special Stock...
Funded Debt
Current Accts.,etc.
Profit and Loss
Total
39,553,586
38,619,721
39,905,186
39,061,407
44,315,637
39,989,407
3,081,218
206.a50
328,345
710,3.7
45.323,332
40.i8S.5il7
3,366,564
175,000
3.54,089
739,172
45,603,274
40,688.421
3,689,211
157.500
358,831
709,311
47,608,802
42,065,237
4,001,051
49,002. 937
42.065,221
4,163,96?
49,549.348
42,238.<i99
4,285,572
Cons'ction & Eqnipm't.
S'g F'd, 1st <x 2d M. B.
Stocks and Bond"
Trustees' Sink'gFund.
Sundry Assets
386,850
1,155,664
581,938
2,191,811
823,768
2,201,009
200,000
733,865
200,000
733,779
Profit and Loss
Total
39,553,586
39,995,186
44,315,637
45,323,332
45,603,274
47,608,802
49,002,937
49,549,348
* Includes net profits made on lease* lines, and t joint earnings paid over to C. and P. RR. Co.
Funded debt : $0,250,000 1st mortgage 7 per cent. 50-year bonds in six series of $875,000
each (interest, Series A, January and July ; B, February and August ; C, March and Septem-
ber ; D, April and October ; E, May and November ; F, June and December); $5,160,000 2d
mortgage ditto, in six series of $860,000 each (interest, Series Q, January and July ; Series H,
I, K, L, M, same as B, C, etc.) ; $2,000,000 3d moitgage 7 per cent. 50-year bonds, dated March
1, 1862, interest April and October ; $100,000 7 per cent, construction 30-year bonds, dated
POOR'S MANUAL — PITTSBURGH, FORT WAYNE AND CHICAGO RY. CO. 519
January 1, 1857, interest January and July. (The last mentioned bonds were paid off at ma-
turity January 1, 1887, by the lessee company.) Trustees : Charles Lanier and George W.
Cass.
The guaranteed special stock ($10,950,500) was issued to the lessee under the terms of the
lease, which provides that for betterments made by lessee (with approval of lessor), as re-
quired by increased business, payments should be made in issues of stock or bonds, such
issues to be agreed upon by both parties. In view of the steadily increasing voting power of
the lessee through the ownership of such stock, a plan was proposed during 1884 which pro-
vided for an issue of bonds to the amount of $22,000,000 bearing 7 per cent, interest, payable
quarterly, and to become due at the option of the company after the year 2868, such bonds to
be known as betterment bonds, and to be issued to the Pennsylvania RR. Co. in payment for
betterments as same shall hereafter be made. The plan further provided for the purchase of
the ordinary stock of the company by the lessee, the latter making payment therefor with the
betterment bonds, as the same shall be issued to it, the Pennsylvania RR. Co. guaranteeing
the principal and interest thereon. The effect of this arrangement would be to give the own-
ership of the road to the Pennsylvania RR. Co., and at the same time secure to the stock-
holders substantially the same results as were contemplated in the lease.
This plan was submitted to the stockholders, but failed to receive popular assent. Suits
were then instituted by the lessee against the lessor company, under which an order was
granted by the Court of Common Pleas of Allegheny County, directing the lessee to withhold
the rent until guaranteed special stock shall have been issued to lessee in settlement of
certain balances due by lessor. The total amount of expenditures for improvements and ad-
ditions to December 31, 1886, was $11,244,491.56 ; guaranteed special stock issued to same
date, $10,950,000 ; balance, $293,991.56.
Statement showing the number of miles'operated ; the total tonnage moved, and moved
one mile ; earnings from freight ; expenses of freight transportation, and the averages per
mile, of moving freight over the Pittsburgh, Fort Wayne and Chicago Ry., from 1857 to
1886 inclusive :
YES.
Miles
Op'd.
Thro'
Freight.
Way
Freight.
East-
Bound.
West-
Bound.
Tons
Moved.
Moved
One Mile.
Freight
Earn'gs
Freight
Expend
Earn'ge
p. Ton
p. Mile.
Exp.
p. Ton
p. Mile.
Profit
p. Ton
p. Mile.
M.
Tons.
Tons.
Tons.
Tons.
Tons.
Ton-miles.
i
$
Cto.
Ctg.
Ct*.
1857.
383
191,397
113,372
160,493
144,276
304,769
28,893,960
657,686
1 455,715
2.27
1.57
0.70
1858.
384
163,847
121,816
143,5?2
142,091
285,663
35,168,323
667,269
; 465, 116
1.90
1.32
0.58
1859.
465
175,538
187,068
189,697
172,909
362,606
58,421,205
964,133
693,995
1.65
1.18
0.47
18150.
468.3
250,319
214,885
250,060; 215,144
465,204
78,423,319
1,3119,714
931,131
1.67
1.18
0.49
1861.
468.3
361,624
164,755
325,903
200,476
526,379
111,398,984 1,905,707
1,100,728
1.71
0.98
0.73
1862.
468.3
453,211
189,896
373,977
269,130
643,107
126,046,905 2,401,630
1,235,422
1.90
0.98
0.92
1863.
468.3
533,546
271,979
451,871
336,219
805,525
16(5,570,631 (3,341,034
2,010,680
2.01
1.20
0.81
1864.
468.3
545,043
313,885
487,276
371,652
858,928
174,621,870i4,148,504
2,626,945
2.38
1.50
0.88
1865.
468.3
477,145
a=>5,470
465,892
366,722
833,615
193,789,901
4,739,068
3,471,922
2.44
1.79
0.65
1866.
1867.
468 3
468.3
457,581
556,106
568,197
598,245
606,714
624,835
449,064
529,516
1,025,778
1,154,351
233,274,794
228,791,443
4,707,582
4,483.616
3,508,<;63
3,316,469
2.02
1.95
1.50
1.44
0.52
0.51
1868.
468.3
622,071
886,981
71)4,974
714,078
1,51-9,052
307,443,978
5,231,857
3,563.003
1.70
1.15
0.55
1869.
468.3
741,084
924,106
912,264
752,926
1,665,190
309,521,917
5,020,874
3,464,715
1.62
1.11
0.51
1870.
468.3
760,402
980,183
904,394
836,191
1,740,585
a36,084,380
4,892,326
2,913,552
1.45
0.86
0.59
1871.
468.3
758,088
1,286.026
1,098,255
948,869
2,047,114
391,035,801
5,581,051
3,081,386
1.43
0.78
0.65
1872.
1873.
468.3
468.3
1,018.522
926,826
1,388,496
1,365,818
1 ,186,469
1.257,987
1,220,549
1,034,667
2,407,018
2,292,644
487,852,472
479,917,429
6,909,306
6,716,399
3,949,121
4,555.263
1.40
1.40
0.81
0.95
0.59
0.45
1874.
468.3
812,034
1,497,094
1,368,338
1,040,790
2,309,12S
464,696,190 5,841,961
3,749,976
1.26
0.74
0.52
1875.
1876.
1877.
1878.
468.3
468.3
468.3
468.3
879,12Sil,617,020
1,086,416 l,518,a?l
792.H37 1,897,893
1,155,5791,870,671
1,318,613
1,472,948
1,858.948
1,607,933
1,177,535
1,131,819
1.331,787
1,418,317
2,496,148
2,604.767
1,690,735
3,026,250
491.389,899;5,430,511
563. 400,267 5,266,172
439;998,38114,790,424
637,470,5065,600,458
3,371,945
3,553,399
2,958,320
3,172,108
1.11
0.93
1.01
0.88
0.69
0.63
0.67
0.50
0.42
0.30
0.34
0.38
1879.
1880.
1881.
1882.
468.3
468.3
468.3
468.3
1.438,243 2.241,139 1,844,810
1,380,152 8,485,688 1,768,941
1,727.1793,026,041 2,084,592
1,677,1403,160,0962.045,228
1,834,572 3,679,382
2,101 ,734;3,8li5,675
2,668,6284,753,220
2,792,008,4,837,236
803.0-3,260! 6,066,594
806,257,3997,359,452
1,044,447,161 7,785,730
991,907,501 7,464,057
3,519,307
4.069,097
4,534,620
4,680,695
0.76
0.91
0.75
0.75
0.44
0.51
0.43
0.47
0.32
0.40
0.32
0.28
1883.
1884.
467.6
467.9
1,413,019 3.663.292 2,154,715 2,921,5S» 5,076,311
1,343,747:3,352,836 2,001,032 2,695,551 4,r>96,5K3
944,563,3767,432,479
907,951,2376,111,216
5,240,558
4,464,887
0.79
0.67
0.55
0.49
0.24
0.18
1883.
1886.
469.8
469.8
1,580,783
1,333,326
3,131,105
4,080,271
2,174,008
2,214,103
2,537,880
3,199,494
4,711,888
5,413,597
953,564,515
£903,083,277
5,500,653
6,249,609
4,177,893
4,455,651
0.58
0.69
0.44
0.49
0.14
0.20
Directors (elected May 18, 1887).— Term expires in 1888 : George W. Cass, Henry Amy,
520 POOB'S MANUAL OF RAILROADS.
New York, N. Y.; J. N. McCullough, Pittsburgh, Pa.; Charles Lanier, New York, N. Y.
Term expires in 1889 : L. H. Meyer, New York, N. Y.; Charles E. Speer, Pittsburgh, Pa.;
Edward P. Williams, Fort Wayne, Ind. Term expires in 1890 : John N. Hutchinson, Phila-
delphia, Pa.; William Hooper, Cincinnati, O. ; L. Z. Leiter, Chicago, 111. Term expires in
1891 : John Sherman, Mansfield, 0.; L. B. Harrison, Cincinnati, 0.; Qeo. B. Roberts, Phila-
delphia, Pa.
L. H. MEYEK, President New York, N. Y.
John J. Haley, Secretary and Treasurer Pittsburgh, Pa.
Officers in charge of operations See PENNSYLVANIA Co.
PRINCIPAL OFFICE AND ADDRESS 7th Av. and Smithfield St., Pittsburgh, Pa.
Fiscal and Transfer Agents, Winslow, Lanier & Co. , 26 Nassau Street, New York.
PITTSBURGH, MARION AND CHICAGO RAILWAY COMPANY.
Line of Road (as projected), Chewton, Pa., to Marion, 0 177 miles.
Completed : New Gallilee, Pa. , to New Lisbon, 0 25 miles.
Sidings, etc., 1.13 miles. Gauge, 4 ft. 8£ in. Rail (steel, 6 miles), 60 Ibs.
History. — Consolidation, February 12, 1886, of the Wampum and State Line Ry., and the
Pittsburgh, Marion and Chicago RR. Cos. The consolidated company succeeded by purchase
to all the rights of the New York, Pittsburgh and Chicago Ry. Co., whose authorized road
was to run from Pittsburgh to Marion, 215 miles, of which 14.1 miles (New Galilee to Rogers-
ville) was completed in 1885, and extended to New Lisbon in 1886.
Rolling' Stock. — Locomotive engines, 3. Cars — passenger, 2 ; freight (box, 4; platform,
12; gondolas, 14), 30 ; service cars, 14 — total cars, 46.
Financial Statement.— Capital stock outstanding (authorized, $4,500,000), $1,000,000 ;
funded debt — 1st mortgage 6 per cent. $1,000 coupon bonds, dated June 1, 1886, due 1917,
interest payable January and July, $308,000; income 5 per cent. $1,000 bonds, due 1907,
$500,000.
Annual meeting, second Monday in January. Registrars of stock : R. W Taylor, Secre-
tary, New Lisbon, O. ; Henry M. (Curtis, Assistant Secretary, New York, N. Y.
Directors.— John I. Hollv, B. Y. Frost, W. R. Barr, W. S. Gurnee, C. F. Ackerman,
Charles Siedler, New York, N. Y.; J. W. Lockwood, Philadelphia, Pa.; I. F. Mansfield, Con-
nelton, Pa.; J. E. Umbstaetter, Pittsburgh, Pa.; J. T. Chamberlin, East Palestine, O. ; N.
B. Billingsley, W. M. Hostetter, Jas.Chartiers, New Lisbon, 0.
JOHN I. HOLLY, President New York, N. Y.
C. De Clark, General Manager New Lisbon, O.
Secretary— R. W. Taylor New Lisbon, O. | Asst. Sec. <& Treat.— H. M. Curtis — New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS New Lisbon, 0.
PONTIAC, OXFORD AND PORT AUSTIN RAILROAD COMPANY.
Line of Road.— Pontiac, Mich., to CaseviJle, Mich 100.20 miles.
Sidings, etc., 5.96 miles. Gauge, 4 ft. 8| in. Rail (steel, 103.55 miles), 56 Ibs.
History.— Chartered September 24, 1881 ; road opened October 8, 1883.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 5. Cars — passenger, 5 ; bag-
gage, mail and express, 1 ; freight (box, 45 ; platform, 61 ; stock, 4 ; caboose, 1), 111 ; other
cars, 3 — total cars, 120.
Operations for year ending December 31, 1886. — Train mileage— passenger, 63,798 ;
freight, 32,634 ; mixed, 45,475— total, 141,907 miles. Passengers carried, 69,5:57 ; carried one
mile, 1,465,137 ; average mile rate, 2.36 cents. Tons freight moved, 55,2o8 ; moved one
mile, 2,360,971 ; average ton-mile rate, 2.50 cents.
POOR'S MANUAL OP BAILftOADS.
521
Earnings.— Passenger $34,588 44
Freight 59,14262
Mail 4,502 61
Express 2,553 14
Miscellaneous... 8535
Expenses.— Transportation $30,1 18 23
Motive Power 8,133 36
Maintenance of Cars 4,680 67
Maintenance Way & Buildings. .. 26,471 22
General 15,04868
Total ($1,007.31 per mile) $100,932 06 Total ($842.83 per mile) $84,452 16
Net earnings (16.33 per cent.), $16,479.90. Interest on bonds, $90,000. Deficit. $73,520,-
10 ; deficit from last year, $179,957.22— total deficit as per balance sheet, $253,477.32.
General Balance Sheet, December 31, 1886.
Capital Stock (par, $100) $1,500,000 00
Funded Debt Outstanding 1,500,00000
Current Accounts 21,964 45
Unpaid Interest 284,58000
Cost of Road $2,815,027 81
Cost of Rolling Stock 205,475 64
Materials and Fuel on Hand 5,064 84
Bills Receivable 1,54585
Current Accounts 17,500 28
Cash on Hand 7,852 71
Profit and Loss 253,477 32
Total Assets $3,306,544 45 Total Liabilities $3,306,544 45
Funded debt consists of 1st mortgage 6 per cent. 30-year coupon bonds, dated October 1,
1882, interest payable April and October.
Annual meeting first Monday in December.
Directors (elected December 5, 1886). — George W. Debevoise, Hugh Porter, Charles H.
Stone, New York, N. Y. ; Charles A. Carpenter, Eames, Mich. ; Abram W. Leroy, Frank H.
Carroll, James Houston, Pontiac, Mich. ; C. J. Whitney, Detroit, Mich.
GEORGE W. DEBEVOISE. President New York, N. Y.
Charles H. Carpenter. Vice- President Eames, Mich.
Secretary and Treasurer— F. H. Carroll Pontiac, Mich.
General Manager— Charles H. Stone New York, N. Y.
PKINCIPAL OFFICE AND ADDRESS Pontiac, Mich.
Auditor— 'W. C. Sanford Pontiac, Mich.
Gen. Supt. — James Houston Pontiac, Mich.
PORT HURON AND NORTHWESTERN RAILWAY COMPANY.
Main Line of Road. — Port Huron, Mich., to Saginaw, Mich 91.00 miles.
Sand Beach Div, : Saginaw Junction to Sand Beach 58.25
Port Austin Div. : Port Austin to Palms 35.00
Port Almont Div. : Port Huron to Almont . .33.75 — 127.00 miles.
Total length of lines operated 218.00 miles.
Sidings, 12.83 miles. Gauge, 3 feet. Rail— iron, 30 ; steel (72.24 miles), 35 and 40 Ibs.
History. — Chartered March 23, 1878. Road opened from Port Huron to Croswell, May
12, 1879; to East Saginaw, February 21, 1882; Port Almont Division, October 3, 1882; Port
Austin Division, December 11, 1882. The Port Almont Division was chartered under the
name of the Port Huron and Southwestern Ry. Co., and subsequently consolidated into this
company. A further extension of this division to Detroit is projected.
Rolling: Stock, December 31, 1886. — Locomotive engines, 13. Cars — passenger, 25; bag-
gage, mail and express, 3; freight (box, 164; platform, 80; stock, 24; caboose, 1), 269; other
cars, 2— total cars, 299.
Operations for year ending December 31, 1886. — Train mileage — passenger, 266,305 ;
freight, 148,027— total, 414,332 miles. Passengers carried, 222,189; carried one mile, 6,341,-
074; average mile rate, 2.51 cents. Tons freight moved, 96,079; moved one mile, 4,629,817;
average ton-mile rate, 2.75 cents.
Earnings.— Passenger $159,279 29
Freight 127,393 81
Mail 11,753 41
Express 11,612 85
Miscellaneous 5,945 69
Total ($1,449.47 per mile) $315,985 05,
Expenses.— Transportation $88.013 30
Motive Power 10,840 29
Maintenance of Cars 10,955 81
Maintenance Way and Buildings. 79,615 26
General 24,898 25
Total ($983.13 per mile) $214,322 91
522 POOR'S MANUAL OF RAILROADS.
Net earnings (32.17 per cent.), $101,662.14. Payments : Interest on bonds, $123,296 ; on
floating debt, $18,515.04— to;al, $141,811.04. Deficit. $40,148.90; deficit from last year, $92,-
993.09— total, as per balance sheet, $133,143.99.
General Balance Sheet, December 31, 1886.
Cost of Road $3,266,601 02 | Capital Stock (par value, $100) $1,090,000 00
Cost of Rolling Stock 307,512 13 Funded Debt Outstanding 1,810,00000
BillsPayable 252,31012
Current Accounts 41.364 21
Materials and Fuel on Hand 10,295 10
Other Property and Assets 5,086 38
Bills Receivable 27,084 92
Current Accounts 13,346 92
Cash on Hand 6,639 64
Profit and Loss 133,143 99
Total Assets $3,769,710 20
Other Liabilities 402,26687
Unpaid interest 173,700 00
Total Liabilities $3,769,710 20
Funded debt consisted December 31, 1886, of —
1st mtge. 7 per cent. 20-year coup, bonds, due October 1, 1809, int. April and October. $755,000
Con. mtge. 6 per cent. 40 year bonds, due March 1, 1922, int. March and September. 920,000
Equipt. mtge. 7 p. c. bonds, dated March 2, 1881, payable in 9 yearly instalments. . . 135,000
Annual meeting, first Wednesday in March.
Directors (elected March 3, 1886).— Frank E. Beard, C. F. Harrington, S L. Ballentine,
E. B. Harrington, Henry McMorran, J. P. Sanborn, P. B. Sanborn, Fred. L. Wells, Port Hu-
ron, Mich.
JOHN P. SANBORN, President Port Huron, Mich.
Charles F. Harrington, Vice- President Port Huron, Mich.
Secretary and Treasurer— Fred. L. Wells.. Port Huron. | General Manager— Henry McMorran Port Huron.
PRINCIPAL OFFICE AND ADDRESS Port Huron, Mich,
PRAIRIE DU CHLEN AND McGREGOR RAILWAY COMPANY.
Line of Road. — Prairie du Chien, Wis., to McGregor, la 2 miles
2d track, 0.5 mile. Gauge, 4 ft. 8| in. Rail, 56 Ibs.
History. — This work consists of a railroad bridge over the Mississippi River with two
pontoon draws. It was completed April 15, 1874, and forms the connection between the
Wisconsin and Iowa Divisions of the Chicago, Milwaukee and St. Paul Railway.
Operations for year ending June 30, 1886. — Gross earnings, $65,087.65 ; expenses and
taxes, $46,792.30 ; net earnings, $18 295.35.
Financial Statement, July 1, 1886. — Capital stock, representing the cost of the work,
$100,000.
Directors. — John Lawler, John D. Lawler, Thomas C. Lawler, James Lawler, D. W
Lawler, Prairie du Chien, Wis.
JOHN LAWLER, President Prairie du Chien, Wis.
Thomas C. Lawler, Secretary and Treasurer Prairie du Chien, Wis.
PRINCIPAL OFFICE AND ADDRESS Prairie du Chien, Wis.
ROCK ISLAND AND PEORIA RAILWAY COMPANY.
Main Line of Road.— Rock Island, III., to Peoria, 111 91
Cable Branch: Milan, 111., to Cable, 111 22—113 miles.
Sidings, etc., 10.12 miles. Gauge, 4 ft. 8J in. Rail (steel, 106 miles), 56 Ibs.
History. — Consolidation, October 1, 1869, of the Rock Island and Peoiia and the Peoria
and Rock Island RR. Cos. under the name of the latter ; whole line opened January 1, 1872.
Sold under foreclosure April 4, 1877, and purchased for the bondholders for $550,000. Present
company organized October 9, 1877, and possession taken December 16, 1877. The Rock
Island and Mercer County RR. was leased July 1, 1885, for 999 years, and the rental c.>m-
muted for the entire period at $450,000.
POOR'S MANUAL OF RAILROADS. 523
Rolling Stock. — Locomotive engines, 14. Cars — passenger, 7 ; baggage, etc., 2; freight
(box, 99 ; t-tock, 30 ; flat, 30 ; coal, 136). 295 ; caboose, 6— total, 310. Also, 3 other cars.
Operations for year ending June 30, 1886. — Trains run (passenger, 130,850 ; freight,
205,950), 336,800 miles. Total engine service, 398,675 miles. Passengers carried, 157,971 ;
carried one mile, 3,471,001 ; average mile rate, 2.85 cents. Tons freight moved, 350,580 ;
moved one mile, $20,553,943; average ton-mile rate, 1.75 cents. Earnings — passenger, $112,-
758.43 ; freight, $383,107.33— total, $495,865.76. Operating expenses and taxes, $340,857.47.
Net earnings, $155,008.29. Payments : Interest on bonds, $42,000 ; dividends on stock, 5
percent. (December 31, 2-J- per cent.; June 30, 2£ per cent.), $75,000— total, $117,000. Sur-
plus for year, $38,008.29. Surplus from last year, $160,378.98— total, $198,387.27. Whole
number of semi-annual dividends paid to date, 16.
Financial Statement, June 30, 1886.— Capital stock, $1,500,000; funded debt, 1st mort-
gage 10 per cent. 22-year bonds, due July 1, 1900, interest payable January and July. $i50,000;
consolidated mortgage 6 per cent. 40-year bonds, due July 1, 1925, interest pa) able January
and July, $450,000; vouchers and accounts, $61,662.46; profit and loss, $198,387.27— total,
$2,36,0,049.73. Contra: Cost of road and equipment, $2,243,511.60; stocks owned, $4,000 ;
materials and supplies, $8,184.99 ; due from agents and companies, $18,474.63 ; bills receiv-
able, $25,000; cash on hand, $60,878.51— total, $2,360,049.73.
Annual meeting, second Tuesday in June. Interest and dividends payable at Corn Ex-
change Bank, New York City.
Directors.— Cornelius Lynde, H. B. Sudlow, Rock Island, 111.; David Dows, New York,
N. Y.; H. H. Porter, R. R. Cable, Thomas P. Withrow, Chicago, 111.; W. H. Decker, Daven-
port, la.
CORNELIUS LYNDE, President Rock Inland, 111.
R. R. Cable, Vice-President Chicago, 111.
H. B. Sudlow, Secretary, Treasurer and Superintendent. . .Rock Island, 111.
PRINCIPAL OFFICE AND ADDRESS Rock Island, 111.
SAGINAW, TUSCOLA AND HURON RAILROAD COMPANY.
Main Line of Road — East Saginaw to Bad Axe, Mich 64.38
Quarry Branch : Quarry J unction to Quarry 0.81
Say Port Branch : Bay Port Junction to Bay Port 1.38— 66.57 miles.
Sidings, 4.19 miles. Gauge, 3 ft. Rail (steel, 28.05 miles), 35 Ibs.
History. — Chartered February 24, 1881. Road opened from E. Saginaw to Sebewaing,
April 4, 1882 ; Sebewaing to Bay Port and Quarry Branch, December, 1888 ; E. Saginaw to
Bad Axe, July 1, 1886.
Rolling Stock, December 31, 1886. — Locomotive engines, 5. Cars — passenger, 7 ; bag-
gage, mail and express, 3 ; freight (box, 42 ; platform, 83 ; stock, 2 ; caboose, 1), 128; other
cars, 32 — total cars, 161, Since the close of the fiscal year, 1 locomotive, 20 box and 7
stock cars have been added to the above equipment.
Operations for year ending December 31, 1886. — Train mileage — passenger, 63,358;
freight, 10,575 ; mixed, 26,200 — total, 100,133 miles. Passengers carried, 47,339 ; carried one
mile, 1,025,920 ; average mile rate, 2.42 cents. Tons freight moved, 34,653 ; moved one mile,
1,207,008; average ton-mile rate, 2.66 cents.
Earnings.- Passenger $24,843 37
Freight 32,086 61
Mail and Express 2,678 42
Miscellaneous 247 73
Total ($899. 14 per mile) $59,856 13
Expenses. — Transportation $20,736 75
Motive Power 5,797 73
Maintenance Way and Buildings. 14,187 87
General 6,257 82
Total ($705.72 per mile) $46,980 17
Net earnings (21.51 per cent ), $12,875.96. Add other receipts, $486.26— total available
revenue, $13,362.22. Payments : Interest on bonds, $11,400 ; interest on debt, $10,655.80—
total, $22,055.80. Deficit, $8,693.58; deficit from last year, $2,451.63— total deficit as per
balance sheet, $11,145.21.
524
POOR'S MANUAL OF RAILROADS.
General Balance Sheet „ December 31, 1886.
CostofRoad $511,29479
Cost of Rolling Stock 85,945 25
Materials and Fuel on Hand 5,838 98
Bay Port Quarries and Hotel 35,452 02
Bills Receivable 917 00
Current Accounts 1,468 06
CashonHand 2,05519
Profit and Loss 11,145 21
Capital Stock (par value, $100) $122,255 00
Funded Debt Outstanding 190,00000
Floating Debt 331,00402
Current Accounts 7,057 48
Interest not due 3,800 00
Total Assets $654,116 50 Total Liabilities $654,116 50
Funded debt consists of 1st mortgage 6 per cent. 40-year coupon $1,000 bonds, due Sep-
tember 1, 1921, interest payable March and September ; authorized, $5,000 per mile.
Interest payable at Merchants' Exchange National Bank, New York City. Annual
meeting, day following third Wednesday in May. Trustees of bonds : W. W. Crapo, New
Bedford, Mass.; A. M. Hoyt, New York, N. Y.
Directors (elected May 20, 1886).— Wm. L. Webber, Erastus T. Judd, John W. Howry,
John S. Estabrook, George W. Morley, Sewell Avery, H. C. Potter, East Saginaw, Mich.
WM. L. WEBBER, President East Saginaw, Mich.
Vice- President— Geo. W. Morley. . . East Saginaw, Mich.
Secretary & Treasurer— R . T. Judd . East Saginw, Mich.
Superintendent— M. B. Wilkinson. East Saginaw, Mich.
Auditor— C . M . Rice .............. East Saginaw. Mich.
PRINCIPAL, OFFICE AND ADDRESS ............................ East Saginaw, Mich.
SAGINAW VALLEY AND ST. LOUIS RAILROAD COMPANY.
Main Line of Road.— Ithaca to Paines, Mich 35.50 miles.
eased : Saginaw and Grand Rapids RR : Alma to St. Louis 3.60 miles.
Trackage : Michigan Central RR,: Paines to Saginaw 6.00 miles.
Total length of road operated December 31, 1886 .45.10 miles.
Sidings, etc., 3.08 miles. Gauge, 4 ft. 8£ in. Rail 50 Ibs.
History. — Company organized May 17, 1871. Road opened from Paines to St. Louis,
Mich., 29 miles, January 1, 1873 ; to Ithaca in March, 1883.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 2; baggage, etc., 1 ; freight
(box, 10; platform, 40; caboose, 1), 51.
Operations for year ending December 31, 1886. — Train mileage — passenger, 58,796 ;
freight, 45,548 — total, 104,344 miles. Passengers carried, 87,427 ; carried one mile, 1,500,270;
Tons of freight moved, 46,166 ; moved one mile, 1,025,487. Earnings (passenger, $41,222.69 ;
freight, $44,131.08; mail, express, etc., $4,777.51), $90,131.28. Operating expenses, $82,-
282.81. Net earnings, $7,848.47. Paid interest, $35,680. Deficit, $27,831.53 ; deficit from
last year, $45;227. 71— total, $73,059.24.
General Balance Sheet, December 31, 1886.
Construction $594,390 60
Equipment 87,037 00
Ithaca Extension 23,786 21
Cash, Accounts and Materials 13,510 45
ProfltandLoss 73,059 24
Capital Stock $264,80401
Funded Debt 446,000 00
Current Accounts 80,979 49
Total Assets $791,783 50 Total Liabilities $791,783 50
The funded debt consists of 1st mortgage 8 per cent. 30-year $1,000 coupon bonds, due
May 1, 1902, interest May and November.
Annual meeting, second Wednesday in July ; books close 30 days previous. Registrar of
stock, J. E. Howard (Secretary], Detroit, Mich.
Directors (elected July 7, 1886). — H.H. Hunnewell, George 0. Shattuck, Charles Merriam,
Charles F. Adams, Nathaniel Thayer, John A. Burnham, Charles L. Young, E. V. R. Thayer,
F. H. Damon, Alpheus Hardy, James H. Blake, A. H. Hardy, Boston, Mass. ; J. B. Mulliken,
Detroit, Mich.
J. B. MULLTKEX, President and General Manager Detroit, Mich.
Secretary and Treasurer— J. E. Ho ward... Detroit, Mich. | Superintendent— Thomas M. Fish Ionia, Mich.
PRINCIPAL OFFICE AND ADDRESS Detroit, Mich.
POOR'S MANUAL OF RAILROADS. 525
ST. CLAIRSVILLE AND NORTHERN RAILWAY COMPANY.
Line of Road. — St. Clairsville, O., to St. Clairsville Junction, 0 3.50 miles.
Sidings, 0.15 mile. Gauge, 3 feet. Rail (steel, 40 Ibs.
History. — Chartered June 17, 1879 ; owned by the village of St. Clairsville, which issued
for its construction bonds to the amount of $30,000, of which $27,500 are outstanding. Road
opened November 1, 1881. Leased April 17, 1882, for 30 years, to St. Clairsville Company,
which began operating the road June 15 of same year. On the 21st of January, 1885, the
road was placed in the hands of a receiver.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; freight, 2.
Operations for year ending June 30, 1886. — Passengers carried, 16,985. Tons freight
moved, 11,648 ; moved one mile, 30,806. Earnings — passenger, $3,529.96 ; freight, $3,819.-
70 ; mail and express, $434.22 ; miscellaneous, $900— total, $8,783.88. Expenses, $6,071.71.
Net earnings, $2,612.17.
Financial Statement, June 30, 1886. — Bonds outstanding, $25,500. Cost of road and
equipment, $41,845.50. Bonds are secured by mortgage on road and by guarantee of St.
Clairsville village.
Annual meeting second Monday in June, at St. Clairsville, O.
Trustees.— Thomas E. Clark, Hiram Baroff, C. W. Carroll, H. C. Welday, J. R. Mitch-
ell, St. Clairsville, O.
THOMAS E. CLAKK, President St. Clairsville, O.
Treasurer— Hiram Baroff St. Clairsville, O. | Secretary— C. W. Carroll St. Clairsville, O.
PRINCIPAL OFFICE AND ADDRESS St. Clairsville, O.
ST. LOUIS, ALTON AND TERRE HAUTE RAILROAD COMPANY.
Lines Owned but Leased to I. & St. L. & C., C., C. & I. By. Cos. :
Main Lino. — East St. Louis, 111., to Terre Haute, Ind 189.00
Alton Branch : Alton Junction, 111., to Alton, III 4.20—193.20 miles.
Lines Operated by St. L., A. & T. H. BE. Co. as Cairo Short Line Division :
Proprietary Road : Belleville Branch RR.: E. St. Louis, 111., toB'ville, 111. 14.40
f Belleville and Southern Illinois RR 56.40
Belleville and Kldorado RR 50.20
Roads Leased : •( Belleville and Caronddet RR 17.30
I tit. Louis Southern RR 32.90
[ Carbondale and Shawneetown RR 18.00 — 189.20 miles.
Total length of lines owned and leased 382.40 miles.
Sidings, etc., 63.21 miles. Gauge, 4 ft. 84- in. Rail— iron, 50 ; steel (196.60 miles in road
owned), 58 Ibs.
History. — The Terre Haute and Alton RR. Co. was chartered in January, 1851, to build
a railroad from Terre Haute, Ind., to Alton, 111., 172.50 miles. Work was begun in the sum-
mer of 1852, and the road completed by March 1, 1856. The Belleville and Illinobtown RR.
Co. was chartered June 21, 1852, to build from Belleville to Illinoistown, 15 miles ; charter
subsequently amended authorizing an extension from Illinoistown to Alton. The portion of
that line between Belleville and Illinoistown was completed and put in operation in the fall
of 1854. The extension to Alton Junction was completed in October, 1856. In February,
1854, the above two companies were authorized by special charter to consolidate under the
title of Terre Haute, Alton and St. Louis RR. Co., but the consolidation was not carried into
effect till October 30, 1856. The company subsequently became financially embarrassed, suit
•was brought for a foreclosure and sale, and a new company was formed under an act of
February, 1861, to purchase and reorganize. The new company, the St. Louis, Alton and
Terre Haute RR. Co., was formally organized February 18, 1861, and took charge in June, 1862.
On June 1, 1867, the main line and Alton Branch were leased for 99 years to the L & St.
L. RR. Co., a minimum rental of $450,000 a year being guaranteed ; but on gross earnings
up to $2,000,000 a year, 30 per cent.; on gross earnings above $2,000,000 and up to $3,000,000
526 POOR'S MANUAL— ST. LOUIS, ALTON AND TERRE HAUTE RR. co.
a year, 25 per cent.; and on all sums above $3,000,000, 20 per cent. The lease was guaran-
teed by the P., F. W. & C. Ry. Co., the C., C., C. & I. Ky. Co., the L. S. & M. S. Ry. Co.,
and the I., C. & Laf. RR. Co. The latter company becoming insolvent withdrew, leaving the
others to guarantee the provisions of the lense, which they did until April I, 1878, when the
Indianapolis and St. Louis RR. Co. refused to pay the monthly rental unless this company
consented to a reduction of the rental to $300,000, the guarantors having for some years been
compelled to make up the deficiency between the earnings and the minimum rental under the
lease. Suit was begun in the United States Court at Indianapolis to compel a performance of
the guarantee, and on July 26, 1882, a decision was rendered in favor of this company for
back rental amounting to $664,874.70. The I. & St. L. RR. was sold under foreclosure (see
statement for that Co.) and a new company organized. A new lease of the main line and
Alton Branch was executed to the I. & St. L. Ry. Co., and the C., C., C. & I. Ry. Co. as joint
lessees, thos-e companies to pay a fixed yearly rental of $450,000, together with 20 per cent,
of gross earnings over $1,750,000.
The claims of the preferred stockholders for arrears of dividends up to the first day of
January, 1881, were paid in dividend bonds bearing 6 per cent, interest, when earned, not
cumulative. The total due on this account was 55 per cent, of the capital sum.
Rolling Stock. — Locomotive engines, 19. Cars — passenger, 10; combination, 4; bag-
gage and mail, 4 ; freight (box, 210 ; stock, 25 ; refrigerator, 15 ; coal, 800 ; flat, 41), 1,091 —
total cars, 1,109. This equipment is in use on the Cairo Short Line Division.
Operations (Cairo Short Line Division, average, 142.60 miles) for the year ending December
31, 1886. — Passengers carried, 207,013 ; carried one mile, 5,801,224 ; average mile rate, 2.37
cents. Coal, tons moved, 502,639; moved one mile, 18,584,940; average mile rate, 1.32
cents. General freight, tons moved, 386,854 ; moved one mile, 24,034,955 ; average rate, 1.55
cents.
Earnings.— Passenger $137,561 34 Expenses.— Maintenance of Way . . $03.081
Coal 245,175 97
Freight 371,354 12
Mail and Express 34,57921
Miscellaneous 15,319 92
Total ($5,207.19 per mile) $803,990 56
Maintenance of Cars 44.192 97
Motive Power 76,545 18
Transportation 152.5-.2S 88
Miscellaneous and Taxes 42. 552 68
Total ($2,648.29 per mile) $408,895 79
Net earnings (49.14 per cent.), $395,094.87. Paid rentals of leased roads, $214,482.07.
Net revenue, $180,612.80, which was derived as follows: From Belleville Branch, separate
earnings, $53,621.24; from Belleville Branch, contributed by leased lines, $59,649.97; from
leased roads, after deducting expenses and rents, $67,341.59 — total, as above, $180,612.80.
Add rental main line and Alton Branch, $450,000 ; sundry interest receipts, $2,555.51 — total
available revenue, $633,168.31. Payments — interest on bonds, $469,000 ; back interest,
$32,208.70 ; main line expenses, $10,670.09 ; new equipment, $60,340 ; interest on notes dis-
counted, $4,581.26 ; dividend (2£ per cent.), $61,710-total payments, $638,510.05. Balance,
deficit, $5,341.74.
Operations,retc. (Main Line and Alton Branch, 193.2m.), for 1886 as reported by lessees.
—Gross earnings— passenger, 331,177.80 ; freight, $850,079.77 ; mail, $22,850.24 ; express,
$37,636.61; miscellaneous, $36,600.84— total, $1,278,345.26. Net earnings— not stated. This
shows an increase in gross earnings from 1885 of $8,633.17.
Income Account (St. L.,A.& T. H. RR. Co.} for Hie, year 1886.
Balance from 1885 $695,692 94
Minimum Rental, Main Line 450,000 00
Interest 2,555 51
Earnings (Cairo Short Line) 803,990 56
Total $1,952,239 01
Interest on Funded Debt $469,000 00
Interest on Sinking Fund Coupons 32.208 70
Preferred Stock Dividends No. 14 61,710 00
Rental (B. & E. RR.) 15,707 31
Rental (B. <fc S. I. RR.) 160,108 10
Rental (B. & C. RR.) 30,000 00
Rental (8t. L. S. RR.) 2.G6ii 66
New Equipment 60,340 00
Main Line Expenses 9,703 41
Legal Expenses 906 68
Discount on Notes 4,5M 26
Expenses (Cairo Short Line) 408.89J 69
Balance, December 31, 1886 090,351 20
Total $1,952,239 01
The credit balance of the income account is composed principally of claims for rent
against the lessees, now being litigated.
POOR S MANUAL— ST. LOUIS, ALTON AND TERRE HiUTE RR. CO.
Statement of operations of the Cairo Short Line Division and of the income account and
general balance sheet of the St. L., A. and T. H. RR. Co. for eight years :
•
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned. .
Miles Operated
207.80
71.00
255.00
40.00
180,204
3,915,983
574,006 |
1 6,520,088 -j
$
116,847
426,170 1
20,585
207.80
122.00
257.60
42.00
169,634
4,744,907
378,002
262,511
11,307,352
14,558,004
$
150,313
248,234
299,999
30,532
2"07.60
121.00
258.60
60.00
199,389
5,268,959
391,689
287,226
20,649,473
16,790,357
8
158.270
266,537
294,118
13,100
207.60
121.00
258.60
60.00
246,649
6,202,045
893,270
346,623
11,388,988
20,346,750
$
168,301
269.704
376,670
60,784
207.60
138.30
270.31
113.89
278,303
7,374,287
400,534
3^5,007
13,227,801
20,557,590
$
178,968
267,932
332,644
52,924
207 60
138.30
270.31
113.89
255,611
7.007,196
380,334
372,632
10,912,453
23,329,109
$
168.721
161.183
359,192
52,054
207.60
188.80
270.81
19(3.60
224,577
6,624.391
431,158
379,384
12,159,616
24,385,363
$
147,474
210,442
355,254
53,146
2*17.60
142.60
270.81
196.60
207,013
5,801,224
502,639
386,384
18,584,940
24,034,955
$
137,561
M5,176
371,354
49,899
Miles of Track Owned
Miles of Steel Rails
Passengers Carried
Passenger Miles
Coal (tons) Moved 1
Freight (tons) Moved |
Coal (ton) Miles (
Freight (ton) Miles f
Passenger Earnings
Coal Earnings
Freight Earnings
Other Earnings
Gross Earnings
565,602
289,752
729,078
352,230
756,025
434,815
875,459
446,332
832,468
425,635
741,150
406,160
766,316
397,348
803,990
408,895
Gross Expenses and Taxes .
Net Earnings
275,850
451,040
726,890
116,491
499,000
25,000
376,848
*886,873
1,263,721
156,427
474,000
321,210
453,044
774,254
161,304
409,000
429,127
469,681
898.808
100.196
469,000
406,833
469,175
876,008
200,898
469,000
334,990
484,4ti7
819.457
203,971
469.000
368,968
458,126
827,094
203.381
489,555
395,095
452,555
847,650
214,482
469,000
32,209
61.710
75,595
Other Receipts
Available Revenue
Rentals
Interest
Sinking Fund
Dividends
74.052
2^,615
172,788
55,211
172.788
32,636
172,788
18,075
172,788
16,170
Miscellaneous
32,011
56,186
Total
672,502
54,388
7,96(5 22
4,081 01
3,885 21
51. 13 p. c.
2.98 c.
2.58 c. -I
$
4,768,400
7,000,000
294,062
655,000
086,613
577,108
6,025 44
2,910 99
3,114 45
48. 30 p. c.
3.17 c.
2.20 c.
2.06 c.
S
4,768.400
7,000,000
89,206
655,000
726,971
47,283
6.248 14
3.593 50
2,654 64
57.50 p. C.
3.00 c.
2.50 c.
1.75 c.
$
4,768,400
8,357,000
86,016
655,000
883,195
11,613
7,235 20
3,688 70
3,546 50
51 .00 p. c.
2.70 c.
2.37 C.
1.85 c.
S
4,768,400
8,357.000
130,939
655,000
875,322
686
6,019 31
3,077 62
2,941 69
51. 13 p. c.
2.43 c.
2.03 c.
1.62 c.
$
4,768,400
8,357,000
175,616
655,000
863,834
dtf. 44,377
5,359 00
2,936 81
2,422 19
54. 80 p. c.
2.41 c.
1.48c.
1.54 c.
$
4,768,400
8,357,000
218,491
655,000
881.894
def. 54.600
5,540 97
2,873 08
2,667 89
51 .85 p. c.
2.23 c.
1.73 c.
1.46 C.
$
4,768.400
8,057,000
202,941
655,000
852,992
def. 5,342
5,638 08
2,867 43
2,770 65
50.86 p. c.
2.37 c.
1.32c.
1.55 c.
$
4.768,400
8,057,000
18,736
1,070.519
125,000
134,750
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile .
Expenses to Earnings
Aver. Rale p. Pass. p. M. . .
Av. Rate p. Ton Coal p. M. 1
Av. Rate p. Ton p. M j
Capita) Stock
Funded Debt
Coupons Due....
Sinking Fund
Bills Payable
Accrued Interest
144,750
134,750
134,750
134,750
134,750
18,291
134,750
134,750
Due Belleville Branch
Profit and Loss
158,179
735,287
782,570
794,182
794,869
750,492
695,693
690,351
Total Liabilities
Permanent Property
13,020,391
11,768,400
386,318
75,919
10,644
13,3S2,643
11,768,400
414,106
75,919
14,783,736
13,125,400
458^450
75.919
57,615
14,840,271
13,125.400
484,743
75,919
36,533
14,003,926
13,125,400
440,514
75,919
14,884,133
13,125,400
456,495
75,!»19
7,515
655,000
14,513,784
13,125,400
456,495
75,919
8,823
655,000
14,864,756
13,125,400
456,495
75,919
10,152
1,070,519
Due from Lessees
Bills Rec. (Lessee's Notes).
Belleville Branch
Sinking Fund
642,r«)
136,610
655,000
655,000
655,000
655,000
Cash and Cash Assets
Bank of North America
165,687
107,821
303,531
159.145
303,531
274,393
295,200
37,500
231,104
154,647
37,566
126,271
Spec. Bond Investment
303,531
295,200
37,500
I. & St. L. Ry. Co. (Lessee,
Total Assets
13,020,391
13,382,643
14,783,736
14,840,271
14,903,926
14,884,133
14,513,784
14,864,756
General Balance Sheet, December 81, 1886.
Permanent Property $13,125,400 00
Inds. & St. L. Ry. Co., Lessees 456,495 33
Inds. & St. L. RR. Co., Bills Receivable. . 75,918 71
Bank of North America 126,271 25
Belleville Branch 10,15193
Trustees' Sinking Fund 1,070,518 90
Total Assets $14,864,756 12
Capital Stock (par, $100) $2,300,000 00
Preferred 7 per cent. Stock (par, $100) . . . 2,468.400 00
Funded Debt 8,057,000 00
Bills Payable 125,000 00
Interest on Funded Debt 134,750 00
Surplus in Sinking Fund 1,070,518 90
Unpaid Coupons 18,736 02
Balance, Income Account 690,351 20
Total Liabilities $14,864,756 12
* Included in above item is $432,327.43 net receipts from special committee, collected from purchasing com-
mittee.
528
POORS MANUAL OF RAILROADS.
Funded debt consisted, December 81, 1886, of —
let mortgage 7 per cent. (A) 80-year bonds, due July 1, 1894, interest January^nnd July $1,100,000
l.'400.'(>00
1,400,000
.,,.,,.,,_„ V, ,.,^-:...~ , ~. ....„„ , . „_ . . 1 700000
Dividend 6 per cent, bonds, dated 1881, due 1894, interest nof exceeding 6 per cent, if earned 1 ,357,000
The sinking fund holds 636 1st mortgage bonds, and the trustees have in deposit with
the U. S. Trust Co., $434,518.90 in cash. No bonds have been purchased by the trustees
for several years, as none have been offered at 110, the limit prescribed by the trust.
The interest on the preferred stock is cumulative. It takes precedence of the inter-
est on the dividend bonds issued in 1881.
Annual meeting, firt-t Monday in June. Books close for annual meeting at least 30
days prior theretb, and reopen the day after the meeting. Stock and bonds listed on
New York Stock Exchange.
Statement of dividends paid on preferred stock by the St. L., A. & T. H. RR. Co. :
1863
7 p c.
1868...
7 p. c.
1877 ..
2 p. c.
1884 ..
7 p.c.
1864
7 p. c.
1869)
1880
t 58 p. c.
1885
2} p. c.
18651
10CC f
*20 p. c.
1870V
1871 )
*21p. c.
1881
1882
7 p. c.
1886
2* p. c.
1867
7 p. c.
1873
3 p. c.
1883
I p. o.
7 p. c.
* Paid in preferred stock.
t 3 per cent, cash and balance dividend bonds.
RAILROADS OWNED OR LEASED BY THE ST. L., A. AND T. H. RR. Co.
BELLEVILLE AND CARONDELET RAILROAD.— Bellville, 111., to East Carondeiet, LI. (steel),
17.30 miles. Chartered February 20, 1881. Leased to St. Louis, Alton and Terre Haute RR. Co., June 1, 1883, at
a rental of $30,000 per annum, being the annual interest on the bonded debt ($500,000), as below. Under the
terms of the lease the entire capital stock, $500,000, was transferred to the lessee company. The bonded debt
con-ists of $485,000 first mortgage 6 per cent. 40-year $1,000 coupon bonds, due June 1, 1923, interest payable June
and December. Of the original $500,000, $15,000 have been cancelled. Mortgage Trwleex: R. P. Cutting and
M. Bayard Brown. Interest guaranteed by lessee. MONROE F. STOOKET, President, Belleville, 111.
BELLEVILLE AND ELDORADO RAILROAD.— Du Quoin to Eldorado, 111., 52 miles ; total
track (iron), 53£ miles. Chartered February 22, 1861 ; road opened October 31, 1871. Leased to the St. L., A. &
T. H. RR. Co. July 1, 1880, for the term of 986 years, and operated in connection with the Belleville Branch line.
Rental, 30 percent, of the gross earnings up to $2,500 per mile ; and 15 per cent, on all excess above $2,500. As
an inducement to the lease, the Belleville and Southern Illinois RR. Co. reduced the rental charge 10 per cent,
upon all business passing over its road derived from or going to the B. & E. RR. Rental received for year 1886,
§15,707.31. At Eldorado the road intersects the Cairo and Vincennes RR., and the Shawneetown Branch of the
t. L. & Southeastern, now the Louisville and Nashville RR. Capital stock, $1,000,000 ; funded debt, 1st mort-
gage 7 per cent. 30-year bonds, interest guaranteed by lessees, and due July 1, 1910, $220,000 : and 2d mortgage 6
per cent. 40-year bo'nds, due August 1, 1920, $330,000. Total, representing cost of road, $1,550,000. E. F. LEON-
ARD, President, Springfield, 1)1.; Robert Fulton Cutting, Treasurer, ]Sew York, City. CORPORATE OFFICE,
Belleville, 111.
BELLEVILLE AND SOUTHERN ILLINOIS RAILROAD.-Belleville to Du Quoin, 111., 56.4
miles ; total track (steel), 61 miles. Chartered February 15, 1857 ; completed December 15, 1873. At Du Quoin it
connects with the Illinois Central, and forms a short line between St. Louis and Cairo. Leased for 999 years
from October 1, 1866. Rental, 40 per cent, of gross earnings (except on coal business and business derived on
Belleville and Eldorado and Texas and St. Louis RRs., 30 per cent.) on first $7,000 per mile; 30 percent, on
earnings exceeding that amount, and up to $14,000 ; and 20 per cent, on all in excess of $14,000. Rental received
for 1886, $166,108.10. Dividends have been paid as follows : 1373, 1 per cent.; 1875, 1.8 per cent.; 1876, 0.65 per
cent.; 1877, 0.68 per cent. ; 1878, 0.62 per cent.; 1879,1.05 per cent.; 1880,4.5 percent.; 1881,4.5 per cent.; 1882,
5.5 per cent.; 1883, 6.25 per cent.; 1884, 5.5 per cent. ; 1885, 5 per cent. Interest on bonds, $84,080 ; sinking fund,
1 per cent., $5,000; surplus, $78,639.27. Capital stock (common, $430,000: preferred. $1,275,000), $1,705,000.
Funded debt, 1st mortgage sinking fund 8 percent. 30-year bonds guaranteed by lessees, and due Oct. 1. 1866, $1,-
100,000 ; less, cancelled by operation of sinking fund, $59,000 ; amount outstanding, $1,041,000. Total stock and
bonds, representing cost of road, $2,752,000. Dividends amounting to 51 per cent, were paid in 1884 upon the
preferred stock. THOMAS DENNY, President; M. iiayard Brown, Treasurer, New York City. CORPORATE
OFFICE, Belleville, 111.
ST. LOUIS SOUTHERN RAILROAD.— Pinckneyville, 111., via. Murphy *boro' to Carbondale, 111.,
32.90miles. Leased : Carbondale & Shawneetown RR.— Marion, 111., to Carbondale, 111., 18 miles— total, 50.90 miles.
Sidings, 5.5 miles. Gauge, 4 ft. 81 in. Rail (steel, 34 miles), 56 and 60 Ibs. Organized, August, 1886, to succeed
to the properties of the St. Louis Coal RR. and the St. Louis Central Ry. On February 25, 1885, the properties of
the St. Louis Coal RR. Co. were placed in the hands of a receiver on petition of a judgment creditor, and subse-
quently a lease of the Wabash, Chester and Western RR. was declared forfeited for non-payment of rental, and
the road restored to its owners. In May, 1886, a final decree of foreclosure was granted, and on the 13th of July,
1886, the properties of the company, including its leasehold interest in the Carbondale and Shawneetown RR.,
were sold to a committee representing the bondholders, in whose interest the existing St. Louis Southern RR. Co.
was organized in August, 1886, the latter corporation acquiring, at the same time, the properties oT the St. Louis
Central Railway Co., which, up to that time, had been practically owned by the St. Louis Coal Railway Co. In
November following the railroad properties were transferred by this committee to the new corporation, and on
December 1, 1886. they were leased to the St. Louis, Alton and Terre Haute RR. Co. for 980 years, at an annual
rental equal to 30 per cent, of the gross earnings of the leased properties, with a minimum guarantee of $32,000,
•which is sufficient to pay the interest on the first mortgage bonds of the St. L. S. RR. Co. liollitifi Stock.— Loco-
motive engines, 4. Cars— passenger, 1 ; combination, 2 ; freight (box, 4 ; coal, 230 ; caboose, 2), 236 ; pile driver,
POOR'S MANUAL OF RAILROADS.
529
I ; too], 1 — total cars, 841. Following is a statement of earnings, expenses, etc., from July 1, 1885, to December
1, 1886 :
PERIOD.
Passenger
Earnings.
Freight
Earnings.
Other
Earnings.
Gross
Earnings.
Operating
Expenses.
Net
Earnings.
July 1, 1885, to June 30, 1886
1
19,515 91
$
61,618 48
$.
7 466 17
$
88,600 56
8
65,418 00
$
23,182 56
July 1, 18815, to December 1, 1886
6,505 27
33,484 72
2,645 46
42,635 45
21,726 20
20,909 25
Totals
20,021 18
95,103 20
10,111 63
131,236 01
88,144 20
44,091 81
Payments out of net earninsrs for year ending June 30, 1886, were as follows : Kental, C. & S. RR., $13,909.67 ;
betterments, $560.20 ; foreclosure expenses, $3,0.i4.75— total, $17,504.6-2. Balance, surplus, $5,677.94. financial
Statement.— Capital stock, $500,000 ; funded deht, 1st mortgage bonds, due 1931, $550,000 ; 2d mortgage bonds, due
1931, $525,000. The exchange of securities of the old company had not been completed at the time (May 14, 1887)
this statement was prepared. E. C. DAWES, President ; C. W. Fairbanks, Vice- President ; C. H. Bosvvorth, Sec-
retary ; J. E. McGeuigan, Treasurer; E. Brown, Auditor, St. Louis, Mo. CORPORATE OFFICE, St. Louis, Mo.
CAB.BONDALE AND SHAWNEETOWN RAILROAD.— Marion. 111., to Carbondale, 17.5
miles ; total track, 19.5 miles. Chartered as Murphysboro1 and Shawnetown RR. Co., March 7, 1867. Name
changed March 10, 18H9. Road opened December 31, 1871. Leased for 25 years from November 1, 1879, to the St.
Louis Coal RR. Co. Lessee pays taxes, maintains property, and pays equipment rent. Annual rental, $10,608.60 ;
equipment rent, $3,200 per annum additional, payable quarterly to W. M. Brown, of Cincinnati, trustee for the
holders of the 1st mortgage bonds and funded coupon certificates. Capital stock, $356,200 ; funded debt (1st mort-
gage 4i per cent, gold 30-year bonds, due 1902, $200,000; funded coupons, 6 percent., $20,600), $2:26,600— total,
$582,800. Cost of road, etc., $356,200. EPHUAIM C. DAWES, President; John E. McGettigan, Secretary, Cincin-
nati, O.
Board of Directors St. L., A. & T. H. RR. Co., elected June, 1886.
George F. Peabody .New York, N. Y.
Frank C. Hollins.. New York, N. Y.
W. K. Murphy.. . .Pinckueyville, III.
Levi Davis Alton, 111.
Edward Abend. . '. '. . . . Belleville, 111.
W. BAYAKD CUTTING, President 34 Nassau St , New York City.
George W. Parker, Vice-President and Treasurer St. Louis, Mo.
Secretary— E. F. Leonard St. Louis, Mo. | Asst. Secretary— H. A. Crosby. 34 Nassau St., N. Y. City.
General Manager— George W. Parker St. Louis, Mo.
PRINCIPAL. OFFICE AND ADDRESS St. Louis, Mo.
W. Bayard Cutting. New York, N. Y.
Wm. A. Wheelock.New York, N. Y.
Eli Wiley Charleston, 111.
Henry H. Beach Litchfleld, 111.
R. F. Cutting New York. N. Y.
F. M. Youngblood Benton, 111.
James A. Eads Paris, 111.
Geo. W. Parker St. Louis, Mo.
ST. LOUIS, ALTON AND SPRINGFIELD RAILROAD COMPANY.
Line of Road.— Bates, IU. , to Grafton, 111 71.4 miles.
Gauge, 4ft. 8^ in.
History. — This road was built in 1882 under the title of the St. Louis, Jerseyville and
Springfield RR., and was absorbed by the Wabash, St. Louis and Pacific Ry. Co., which is-
sued its general mortgage bonds on it at the rate of $15,000 per mile. In 1886 the line was
surrendered by the Wabash, St. Louis and Pacific receivers, and passed under the control of
the bondholders, by whom it was transferred subsequently to a corporation known as the St.
Louis and Central Illinois RR. Co., which was organized December 3, 1886, and took pos-
session of the road under a lease dating from December 1, 1886, and to endure till a perfect
title can be obtained, the company having made the bondholders an offer for the property,
which they have accepted. On June 4, 1887, the existing St. Louis, Alton and Springfield
RR. Co. was organized, with power to purchase the road and to build extensions from Jersey
Landing to Alton, 12 miles, and from Bates to Springfield, 111. Work is now in progress on
the former of these extensions so as to gain a rail outlet to St. Louis in winter. At present,
connection is made with St. Louis by steamboat. Pending the completion of the line to
Springfield, the tracks of the Wabash Western are used under contract.
The capital stock of the new company is $1,500,000, and provision has been made for an
issue of 5 per cent. 30-year bonds at the rate of $13,000 per mile.
DELOS R. HAYNES, President St. Louis, Mo.
Morris R. Locke, Vice- President St. Louis, Mo.
Treas. and Gen. Manager— H.. A. Fisher .St. Louis, Mo. | Secretary- L. C. Haynes St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
34
530
POOR'S MANUAL OF RAILROADS.
ST. LOUIS, VANDALIA AND TERRE HAUTE RAILROAD COMPANY.
Line of Road. — East St. Louis, 111., to Indiana State Line 158.3 miles.
Sidings, etc., 44.2 miles. Gauge, 4 ft. 8£ in. Rail (steel, 158.3 miles), 60 and 64 Ibs.
History. — Chartered February 10, 1805, and road opened July 1, 1870. Leased to Terre
Haute and Indianapolis RR. Co. for account of itself, and the P., C. & St. L. Ry. Co. and C.,
C. & I. C. Ry. Co., which jointly guarantee the 1st mortgage bonds, and $1,600,000 of 3d
mortgage bonds, the obligation of the P., C. & St. L. Ry. Co. in this respect being guaran-
teed by the Pennsylvania RR. Co. Rental, 30 per cent, of gross earnings ; increasing to 35
per cent, as expenses may fall below 70 per cent.
Rolling Stock, October 31, 1886. — Locomotive engines, 42. Cars — passenger, 16 ; bag-
gage, mail and express, 10; freight, (box, 1,321; platform, 100; stock, 550; coal, 260; caboose,
23), 2,254 ; other, 103— total cars, 2,383. Of this equipment, 500 box and 250 stock freight
cars are held through car trusts.
Operations for year ending October 31, 1886. — See tabulated statement below.
Earnings.— Passenger $426,H97 56
Freight 885,719 66
Mail 111,653 98
Express 49,209 65
Miscellaneous 5,049 33
Expenses.— Transportation $444,40552
Motive Power 247,762 07
Maintenance of Cars 124,700 19
Maintenance Way & Buildings. 168,811 47
General 25,459 29
Total ($6,387.52 per mile) $1,011,144 54
Total ($9,338.79 per mile) $1,478,330 18
Net earnings (31.60 per cent.), $467,185.64.
Lessor's Income Account, year ending October 31, 1886. — Receipts: Rental, 30 per cent,
gross earnings, $443,499.05. Payments : Interest on bonds, $314,980; taxes and general ex-
penses, $55,761.12— total, $370,691.12. Balance, surplus, $72,807.93; surplus from last year,
$274,823.44— total, $347,631.37.
Statement of operations, and Lessor's Income Account for eight years ending Oct. 31 :
RR. worked, 158.3 miles.
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles
Freight Train Miles
381,625
731,221
202,126
12,974,971
879,007
86,424,189
$
1,244,644
950,372
378.235
863,171
272,839
17.309,919
991,519
96,544,226
' $
1,552,802
1,106,784
469.043
907,126
305,279
19,161,449
1,006,031
107,089,535
1,565.515
1,376,941
437.501
930,386
303,689
18,311,812
1,126,799
115,982845
$
1,596,125
1,187,560
409,829
957,103
316,963
18,5*5,282
1,191,083
111,810,481
$
1,700,954
1.306.007
420,853
973,854
323,201
18,741,460
1,144,510
104,209,720
$
1,490,308
1,114,765
449,854
805,904
308.615
19.1C5.187
1,800,910
107,9206<J2
$
1,372,648
921,684
524,716
9lr>,375
317,485
10.023,841
1,1<)8,H68
111351.653
S
1,478,330
1,011,144
Passengers Carried
Passenger Miles
Tons Moved
Ton Miles
Gross Earnings
Operating Expenses
Net Earnings
294,272
373,393
446,018
465,840
188,574
4(59,654
408.5(15
478,837
394,887
510.286
375,543
447,092
450,964
411,794
407.186
443,499
Rentals
Lessees (Gain or Loss)
Gross Earnings per Mile..
Operating Expenses perM
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile
Aver. Rate p. Ton p. Mile..
Lessor's Income Account ;
Lease Rentals
L. 79,121
7,862 56
6,003 61
1,858 95
76.36 p. c.
2.566 c.
0.931 C.
$
373,393
185
L. 19,822
9,809 23
6,991 68
2,817 55
71.28 p. C.
2.437 c.
1.044 c.
$
465,841
80
L. 281.080
9,889 55
8,698 29
1,191 26
87.95 p. C.
2.217 C.
0.934 c.
$
469,654
170
L. 70.272
10,082.91
7,501 96
2,580 95
74.40 p. c.
2.353 C.
0.677 c.
$
478,838
L. 115,399
10,745 13
8,250 58
2,494 65
76.79 p. c.
2.418 c.
().!),!) C.
$
510,286
L. 71,549
9,414 45
7,042 10
2,372 35
74.81 p. C.
2.425 c.
0.843 c.
$
447,092
G. 31U70
8.671 18
5.822 39
2,848 79
67.15 p, c.
2.187 c.
0.730 c.
$
411,794
G. 23,687
9,338 79
6,387 52
2,1151 27
68.40 p. c.
2.243 c.
0.792 c.
8
443,499
Other Receipts
Total Revenue
373,578
314.930
36,397
465,921
314,930
32,055
469,824
314,930
34,111
478,838
314,930
35,5C4
510,286
314.9.30
42,981
447,092
314,030
47,153
411.794
314.930
60,457
443,499
314,930
55.761
Interest
Taxes and Expenses. . . .
Total Disbursements. . .
Surplus ....
351,227
22,251
22,251
34l!,985
118,936
118,936
439,041
120,783
120,783
350,494
128,344
108,975
19,369
357,911
152,375
2.\087
127,288
302,083
85,009
3,250
81,759
365,aS7
46,407
370.691
72,808
Surplus Applied to Repay-
ment of Advances
Net Surplus
46,407
72,808
Financial Statement, October 31, 1886.— Capital stock— common, $2,379,358.10; pre-
ferred, $1,544,700; funded debt, $4,499,000; coupon account, $95,200; due Terre Haute and
Indianapolis*.RR. Co., $17,902.73 ; profit and loss, $347,631.37— total, $8,883,792.20. Contra :
POORS MANUAL OF RAILROADS.
531
Cost of road, $8,340,587.40 ; due Terre Haute and Indianapolis RR. Co., $540,066.03 ; cash,
$3,138,77— total, $8,883,792.20.
Funded debt consisted, October 31, 1886, of :
1st mtge. 7 per cent. 30-year bonds, due January 1, 1897, interest Jan. and July. ..$1,899,000
2d mtge. 7 per cent. 30-year bonds, due May 1, 1878, interest May and Nov 2,600,000
The 1st mortgage and $1,600,000 of the 2d mortgage RR. bonds are guaranteed by les-
sees, and also by the Pittsburgh, Cincinnati and St. Louis Ry. Co, and the C., C. & I. C. Ry-
Co., the Pennsylvania RR. Co. being responsible for the guarantee of the P., C. & St. L. Ry.
Co. The remaining $1,000,000 were convertible into stock prior to May 1, 1878. All bonds
are $1,000 each and coupon.
During the calendar year 1886. the gross earnings of this line were (passenger, $432,-
553.82; freight, $905,846 96; other, $165,308), $1,503,708; expenses (66.89 per cent.), $1,005,-
922.49 ; net earnings, $497,786.29 ; rental and interest, $451,112.63.
The preferred stock took up an issue of income bonds amounting to $1,000,000, and has
since been increased by the funding of the deficiencies made up by the lessees.
Bonds listed on New York Stock Exchange. Interest payable at Third National Bank,
New York. Annual meeting, second Tuesday in January; books close for annual meeting 10
days prior thereto, and remain closed 10 days. Voting power attaches stock on 10 days'
owneiship. Trustees of bonds : 1st mortgage, Joseph T. Thomas ; 2d mortgage, Joseph N.
Du Barry and Wm. H. Barnes. Registrar of stock, Williamson Plant.
Directors (elected January 11, 1887). — Thomas D. Messier, William Thaw, J. N. Mc-
Cullough, Pittsburgh, Pa.; W. R. McKeen, Terre Haute, Ind.; Robert L. Dulaney, Marshall,
HI. ; A. G. Henry, Greenville, 111.; Charles H. Seybt, Highland, 111.; J. S. Peers, Collinsville,
111. ; E. O. Stanard, St. Louis, Mo.
THOMAS D. MESSLEB, President Pittsburgh, Pa.
Treasure? — John E. Davidson Pittsburgh, Pa. | Secretary— Williamson Plant Greenville, 111.
PEINCIPAL OFFICE AND ADDRESS. Greenville, 111.
Lessees' Officers (Pennsylvania Company) Pittsburgh, Pa.
SCIOTO VALLEY RAILWAY COMPANY.
Line of Road. — Columbus, O., to Petersburg, O 130.90 miles.
Sidings, etc., 18.57 miles. Gauge, 4 ft. 8i in. Rail (steel, 100 miles), 50-60 Ibs.
History.— Organized February 23, 1875. Road opened to Chillicothe in July, 1876 ; to>
Portsmouth, January, 1878. Extended from Portsmouth to Petersburg in May, 1881, thus
forming a connection with, the Chesapeake and Ohio Ey. From Portsmouth to Sciotoville,
5.50 miles, the company uses the tracks of the Cincinnati, Washington and Baltimore RR., at
a rental of $6,000 per annum ; and from Caldwell to Columbus, the tracks of the B. & O. and
P. C. & S. L. RRs. 2.30 miles— leaving the total length owned 123.10 milea.
Rolling Stock. — Owned : Locomotive engine.", 14. Cars — passenger, 10 ; baggage, mail
and express, 5 ; freight (box, 206 ; coal, 143), 349 ; caboose, 8 — total, 372. Leased : Locomo-
tive engines, 5. Cars — passenger, 3 ; freight (box, 98 ; stock, 19; coal, 47), 164 — total, 167.
The company also owns one-half interest in one transfer barge, running between Petersburg,
O., and Ashland, Ky.
Operations for year ending December 31, 1886. — Train mileage — passenger, 258,814 ;
freight, 197,165— total, 455,979 miles. Traffic not reported.
Earnings.— Passenger $186,387 93
Freight 454,433 01
Mail 16,365 36
Express 5,014 65
Miscellaneous 21,033 30
Total ($5,219.51 per mile) $683,234 25
Deficit on operations, $9,321.36.
Expenses.— Transportation $144,118 18
Motive Power 115,877 38
Maintenance of Cars 52,086 56
Maintenance Way and Buildings 330,857 30
General : 49,616 19
Total ($5,290.72 per mile) $692,555 61
532 POOR'S MANUAL OF RAILROADS.
General Balance Sheet, May 29, 1885 (latest furnished}.
Cost of Road $4,503,030 99 Capital Stock Paid in (par, $50) $2,093,350 00
Funded Debt 2,212,000 00
Unpaid Vouchers 726,824 51
Current Accounts 133,299 49
Unpaid Notes and Interest on Notes 82,245 14
Unpaid Coupons 203,431 68
Total Liabilities $5,451,150 82
Equipment 420,262 05
Real Estate and Buildings 35,695 17
Other Accounts 48,61940
Materials and Fuel 22,159 65
Cash 3,31042
Collections. 62,813 72
Profit and Loss 855,259 42
Total Assets $5,451,150 82
Funded debt consisted, May 29, 1885, of—
1st mtge. 7 p. c. coupon ($500 and $1,000) bonds, dated Oct. 15, 1875, due Jan. 1, 1896, int. Jan. and July .$1,294,000
2d mtge. 7 p. c. coupon ($1,000) bonds, dated Feb. 18, 18T9, due April 1, 1894, int. April and October . . 283,000
Consol. mtge. 7 p. c. coupon ($1,000) 20-year bonds, due July 1, 1900, interest January and July 553,000
1st Equipt. mtge. 7 p. c. 16-year coupon ($1,000) bonds, due May 1, 1896, interest May and November. .. 82,000
On January 1, 1885, default was made in payment of interest then due, and receiver
was appointed for the property May 30, 1885.
Annual meeting, second Thursday in February ; books close thirty days prior thereto.
Registrar of stock, Third National Bank, New York, N. T.
Directors (elected February 10, 1887). — Frank H. Davis, Edward F. Winslow, Horace
Porter, George Watkins, New York, N. Y.; D. Weigand, South Bloomfield, 0.; John Grace,
Circleville, O. ; Wm. W. Franklin, Columbus, 0.; Marcus Boggs, Chillicothe, 0.; George
Davis, Portsmouth, 0.
JOSEPH ROBINSON, Receiver Columbus, O.
FKANK H. DAVIS, President New York, N. Y.
Vice-President— Wm. W. Franklin Columbus, O. | Secretary— Wm. P. Hillhouse New York, N. Y.
PRINCIPAL OFFICE AND ADDKESS 61 East State St., Columbus, 0.
Transfer Agency, George Watkins New York, N, Y.
TERRE HAUTE AND INDIANAPOLIS RAILROAD COMPANY.
Main Line of Road. — Indianapolis, Ind., to Illinois State Line 79.40 miles.
Branches to Coal Mines 36.44 miles.
T oH • J Terre Haute and Loqansport RR •. . 182.70 miles.
1 1 St. Louis, Vandalia and Terre Haute RR 158 30 miles.
Total length of line operated 456.84 miles
Sidings, 54.60 miles. Gauge, 4 ft. 9 in. Rail (steel, 86.43 miles), 60 Ibs.
History. — This company was chartered in 1847 as the Terre Haute and Richmond RR.
Co., and road opened in 1852; present name adopted by legislative authority in 1866. At
State Line the road connects with the St. Louis, Vandalia and Terre Haute RR., which the
T. H. & I. RR. Co. operates under a lease for 999 years, at an annual rental of 30 per cent, of
the gross earnings, with a guarantee, jointly with the Pittsburgh, Cincinnati and St. Louis
Ry. Co., of interest on the mortgage bonds. (See statement for the St. Louis, Vandalia and
Terre Haute RR. Co.) The Terre Haute and Logansport RR. is also leased and operated,
and its bonds are guaranteed by this company. The operations of these lines are not included
in this statement. See GENERAL INDEX.
Rolling Stock, October 31, 1886. — Locomotive engines, 49. Cars— passenger, 25 ; bag-
gage, mail and express, 22 ; freight (box, 348 ; platform, 137 ; stock, 55 ; coal, 1,229 ; caboose,
23), 1,792 ; service cars, 14 — total cars, 1,853. One hundred of the coal cars are leased.
Operations for year ending October 31, 1886 (115.84 miles). — Train mileage — passenger,
285,556 ; freight, 844,027 ; other, 18,736— total, 1,148,319 miles. Passengers carried, 324,582;
carried one mile, 11,819,758; average mile rate, 2.390 cents. Tons freight moved, 1,308,-
544 ; moved one mile, 75,806,082 ; average ton-mile rate, 0.897 cent.
POOR'S MANUAL— TEREE HAUTE AND INDIANAPOLIS RR. CO.
533
Earnings.— Pnssenger $282,538 20
Freight 679,680 55
Mail 59,208 25
Express 24,80466
Miscellaneous 6,858 57
Expenses.— Transportation $254,506 85
Motive Power 181,067 10
Maintenance of Cars 99,490 45
Maintenance Way and Buildings 142,718 93
General 65,937 36
Total ($9,090.90 per mile) $1,053,090 23 Total ($6,420.24 per mile) $743,720 69
Net earnings (29.38 per cent.), $309,369.54. Add interest and dividends, $52,564.71 ; rent-
als, $4,737.32. Available revenue, $366,671.57. Payments : Interest on bonds, $127,000 ;
dividends, Nos. 67 and 68 (January and July, 3 per cent, each), $119,289 ; other payments,
$89,481.83— total, $335,770.83. Balance, surplus, $30,900.74.
Statement showing the result of operations of all lines for year ending October 31, 1886 :
RAILKOADS.
L'gth.
Gross
Earnings.
Operating
Expenses.
Net
Earn,
ings.
Other
Re-
ceipts.
Avail-
able
Reven'e
Total
Pay-
ments.
Bs'ance
Su.-plus
or Deficit.
Terre Haute and Indianapolis
Miles.
115.84
182.70
158.30
$
1,053,090
479,036
1,478,330
$
743,721
448,759
1,011,144
'$
309,370
30,277
467,186
57,302
$
366,672
30,277
467,186
$
£35,771
119,759
443,499
$
S 30,901
d. 89,4*2
s. 23,687
Terre Haute and Logansport
St. Louis, Vaudalia and Terre Haute* . .
Total. . .
456.84
3,007,456
2,203,624
806,833
57,302
864,135
899,029
d. 34,894
* Only i interest in profit or loss. See statement for P., C. and St. L. Ry. Co.
Statement of operations and general account for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles
227,194
226,a86
280,331
261.278
234,188
236,010
252 682
285 556
Freight Train Miles
763,915
916.732
962,947
843,859
867 715
8*>3 618
867 8'J2
844 027
Passengers Carried
232,586
278,559
315,064
330 943
340 144
339 870
313 685
324 ?82
Passengers One Mile
9,605,690
11,135,757
12,021,297
12,467,885
12,490,434
12221,035
12 II1 811
11 819 758
Freight Moved
1,287,601
1,518,539
1,576.770
1,616,892
1,541,492
1,367,303
1,459,388
1,368 544
Freight One Mile. . .
71,821,311
86,386 912
90,464,162
86,938,841
82 644,861
72 362 830
78 060 483
75 806 802
Passenger Earnings
$
266,099
8
299,599
$
296,664
8
311,972
$
319,381
$
306,327
8
279 052
$
282,538
Freight Earnings
753,119
950,581
916,220
874,730
880,635
72(5,086
692,034
679,680
Other Earnings
63,156
76,956
94,090
98,731
97,674
94,975
89,546
90,872
Total Earnings
1,032,374
1,327,136
1,306,974
1,285,433
1,297,690
1,127,388
1,060,632
1,053,090
Operating Expenses
678,003
880,441
1,029,487
852,122
893,587
804 606
747,212
743 721
Net Earnings .... ...
404371
446,697
277,487
433,311
404,103
322,782
313 420
309 369
Dividends Paid
119,052
159,052
159,052
159,052
159,052
159,052
119,289
119 289
Interest Paid
112,000
112,000
C 112,000
112,000
112.000
112,000
112,000
127 000
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Capital Stock
9,515 80
5,956 11
3,559 69
62.64 p. c.
$
1,988,150
13,175 73
8,701 80
4,473 93
66.35 p. c.
$
1,988,150
11,533 49
9,084 77
2,448 72
78.77 p. c.
$
1,988,150
11,373 49
7,53956
3,833 93
66.29 p. C.
$
1,988,150
11,279 35
7,769 03
3,510 32
68.86 p. c.
$
1,988,150
9,957 50
7.10658
2,850 92
71.37 p. c.
8
1,988,150
9,301 33
6,552 75
2,748 68
70.45 p. c.
$
1,988,150
9,09090
6,42024
2,670 66
70.62 p. c.
$
1,988 150
Funded Debt. . . .
1,600000
1,600,000
1,600,000
1,600,000
1,600,000
1,600,000
1 600 000
1 900 000
Construction Account
Other Investments
3,163,978
1,067,355
3,163,978
1,067,355
3,296,524
923,820
3,469,988
923,820
3,469,988
970,620
3,469,988
1,138,283
3,469,988
971,070
3,469,!!88
941 070
General Balance Sheet, October 31, 1886.
Construction Account $3,469,987 82
Stocks and Bonds Owned 941,070 00
Materials and Fuel on Hand 161,512 78
Betterment Account Leased Lines 500,744 05
Bills Receivable 639,68322
Miscellaneous Accounts 349,506 43
CashonHand 487,712 23
TotalAssets $6,550,216 53
Common Stock (par, $50) $1,988,150 00
Funded Debt Outstanding 1,900:000 00
Bills Payable 223,20000
Current Accounts 266,623 03
Other Liabilities 540,06603
Coupons and Dividends Unpaid 20,733 50
Due Other Companies 155,071 91
Surplus of Assets .» 1,456,372 06
Total Liabilities $6,550,216 53
The funded debt consists of 1st mortgage 7 per cent. 20-year bonds, due April 1/1893,
interest payable April and October, $1,600,000, of which $1,215,000 are coupon, and $385,000
registered $1,000 bonds, and $300,000 consolidated mortgage (authorized, $2,200,000) 5 per
534
POOR S MANUAL OF RAILROADS.
cent. $1,000 coupon bonds, due July 1, 1925, interest payable January and July. Interest
payable at the office of the Farmers' Loan and Trust Co., New York, N. Y.
Annual meeting, first Monday in January ; books close 80 days prior thereto. Voting
power attaches to stock after ten days' ownership. Trustees of bonds : Benjamin Harrison,
Indianapolis, Ind.; Richard W. Thompson, Terre Haute, Ind., and Farmers' Loan and Trust
Co., New York, N. Y. Registrar of stock, G. E. Farrington, Terre Haute, Ind.
Statement showing dates of all dividends paid by T. H. & I. RR. Co.
No.
Date.
Rate
p.c.
No.
Date.
Rate
p.c.
No.
Date.
Rate
p.c.
No.
Date.
Rate
p.c.
No.
Date.
Rate
p.c.
1
Jan., 1&53
4
16
July, 1860
5
31
July, 1867
6
46
Jan., 1875
6
61
Jan., 1883
4
2
July, law
3*
17
Jan., 1861
5
32
Jan., 1868
8
47
July, 1875
5
62 July, 18S3
4
3
Jan., 1S54
4
18
July, 1861
5
33
July, 1868
6
48
Jan., 1876
5
63 Jan., 1884
4
4
July, 1854
5
19
Jan., 1862
5
34
Jan., 1869
6
49
Inly, 1876
5
64 July, 1884
4
5
Jan., 1S55
5
20
July, 1862
5
35
July, 18fi9
6
50
Jan., 1877
5
65 (Jan., 1885
3
6
July, 1S55
5
21
Jan., 1863
7
36
Jan., 1870
6
51
Jan., 1878
6
60 iJuly, 1885
3
Jan., 1856
5
22
July, 1863
6
37
July, 1870
6
52
July, 1878
4
67
Jan., 1886
3
8
July, 1856
5
23
Jan., 1864
7
38
Jan., 1871
6
53
Jan., 1879
4
68
July, 1886
3
9
Jan., 1857
*20
24
Apl., 1864
*25
39
July, 1871
6
54
July, 1879
4
10
July, 1857
6
25
July, 1864
6
40
Jan., 1873
6
55
Jan., 1880
4
11
Jan., 1858
6
26
Jan., 1865
10
41
July, ISTi
6
56
July, 1880
4
12
July, ia58
5
27
July, 1865
6
42
Jan., 1873
6
57
Jan., 1881
4
13
Jan., 1^59
5
28
Jan., 1866
6
43
July, 1873
6
58
July, 1881
4
14
July, 1859
5
29
July, 1866
6
44
Jan., 1874
5
59
Jan., 1882
4
15
Jan., 1860
5
30
Jan., 1867
6
45
July, 1874
5
60
July, 1882
4
* Stock.
Directors (elected in June, 1887). — William R. McKeen, Josephus Collett, Terre Haute,
Ind. ; Henry S. Ives, Christopher Meyer, New York, N. Y. ; C. C. Waite, F. H. Short, Wil-
liam M. Ramsay, Cincinnati, 0.
HENRY S. ITES, President New York, N. Y.
C. C. Waite, Vice- President and General Manager Cinncinnati, 0.
Secretary and Trea^.—F. H. Short Cincinnati, O. | Assistant Sec.—G. E. Farrington Terre Haute, Ind.
Gen. Superintendent— Joseph Hill St. Louis, Mo. | Auditor— W. S. Roney — Terre Haute, Ind.
PRINCIPAL OFFICE AND ADDRESS Terre Haute, Ind.
TERRE HAUTE AND LOGANSPORT RAILROAD COMPANY.
Main Line of Road. — Rockville, Ind., to South Bend, Iri"d 159.50 miles.
Leased : EvansvUle and Terre Haute RR.: Rockville to Terre Haute 23.20 miles.
Total length of railroad operated 182.70 miles.
Sidings, etc., 28.54 miles. Gauge, 4 ft. 8£ in. Rail (steel, owned, 105.50 ; leased, 17.10
miles), 58 and CO Ibs.
History. — Chartered as the Logausport, Crawfordsville and Southwestern RR. Co. in
1867, and road opened from Rockville to Logansport, 92.50 miles, in 1872. Sold under fore-
closure September 10, 1879, and bought in the interest of the Terre Haute and Indianapolis
RR. Co., which leases the property for 99 years from December 1, 1879, paying 25 per cent,
of the gross earnings as rental, and guaranteeing principal and interest of bonds. The ex-
tension from Log&nsport to South Bend was begun early in 1883, built to Plymouth, 44 miles,
by November, 1883, and completed and opened to South Bend, November 24, 1884.
The Rockville extension of the Evansville and Terre Haute RR. is operated by this com-
pany under lease,
Rolling Stock, October 31, 1886. — Locomotive engines, 14. Cars — passenger, 6 ; bag-
gage, mail and express, 3 ; freight (box, 384 ; platform, 16 ; stock, 2 ; coal [owned, 590
leased, 136], 726 ; caboose, 8), 1,136— total cars, 1,145.
Operations for year ending October 31, 1886. — Train mileage — passenger, 213,960 ;
freight, 384,044; other, 71,208— total, 669,212 miles. Passengers carried, 243,538, carried
one mile, 5,071,997; average mile rate, 2.583 cents. Tons freight moved, 412,375; moved
one mile, 37,873,999 ; average ton-mile rate, 0.865 cents.
POOE 8 MANUAL OF RAILROADS.
535
Earnings.— Passenger $131,026 36
Freight 327,71784
Mail 10,832 52
Express 9,360 00
Miscellaneous... 10000
Expenses.— Transportation $146,a30 32
Motive Power 131,84227
Maintenance of Cars 35,762 83
Maintenance Way & Buildings. . 126,898 10
General 7,425 85
Total ($2,456.23 per mile) $448,759 37
Total ($2,618.70 per mile) $479,030 72
Net earnings (6.33 per cent.), $30,277.35.
Income Account, T. H. & L. RR. Co., year ending October 31, 1886.
Rental 23 per cent, of gross earnings $119,759 18
Balance from last year 178,194 21
Miscellaneous Receipts 33,523 03
Interest $90,00000
Taxes... 13,60030
Rental E. & T. H. RR 9.00000
General Expennes 73900
Balance, General Account 218,137 12
Total Receipts $331,476 42 Total Payments $331,476 42
Financial Statement, October 31, 1886.— Capital stock (par, $50), $500,000 ; funded
debt, $1,500,000; betterment account, $496,703.52; coupons not presented, $330.00; profit
and loss, $218,137.12— total, $2,715,170.64. Contra: Cost of road, etc., $2,696,725.79; cur-
rent accounts, $3,467.54; cash, $14,977.31.
The funded debt consists of $500,000 1st mortgage 6 per cent. 20-year coupon $1,000
bonds, due January 1, 1910, interest January and July, and $1,000,000 extension 6 per cent,
mortgage 30-year coupon $1,000 bonds, due January 1, 1913, interest January and July.
Annual meeting, first Monday in January. Interest payable at Farmers' Loan and Trust
Co., New York, N. Y. Trustee of bonds, Benjamin Harrison, Indianapolis. Ind.
Directors (elected January 3, 1887).— W. R. McKeen, J. G. Williams, D. W. Minshall,
Frank McKeen, G. E. Farrington, Terre Haute, Ind.
W. R. McKEEsr, President Terre Haute, Ind.
Geo. E. Farrington, Secretary and Treasurer Terre Haute, Ind.
PRINCIPAL OFFICE AND ADDRESS Terre Haute, Ind.
TERRE HAUTE AND PEORIA RAILROAD COMPANY.
Line of Road.— Terre Haute, Ind., to Peoria, 111 173.13 miles.
Lines operated under trackage agreements and included in mileage above :
T., H. & I. Ry.— Terre Haute to Farrington, 111., 7.8 m.; Illinois Central RR.
— I. M. Junction to Maroa, 15.23 m.; T. P. & W. Ry. — Farmdale to Peoria,
5.1 m.; P. & P. U. Ry., 1m 29.13 miles.
Total mileage of railroad owned 144.00 miles.
Sidings, etc., 13.07 miles. Gauge, 4 ft. 8£ in. Rail (steel, 9.04 miles), 56 Ibs.
History. — The property of the Illinois Midland RR. Co., a consolidation, September 19,
1874, of the Paris and Decatur, the Peoria, Atlanta and Decatur and the Paris and Terre
Haute RR. Cos., which was in the hands of receivers since December 11, 1875, was sold under
foreclosure September 30, 1886, purchased in the interest of the bondholders for $1,120,250,
and the present company organized late in January, 1887. For a complete history of the
Illinois Midland RR. Co. see page 505 of the MANUAL for 1886. The new company is doing
a large amount of new construction work, and is making substantial improvements and better-
ments to the property.
Rolling Stock, June 30, 1886.— Locomotive engines, 12. Cars — passenger, 5; baggage,
2 ; freight (box, 6 ; flat, 8), 14 ; caboose, 11 ; other cars, 32 — total cars, 64.
Operations for year ending June 30, 1886. — Train mileage — passenger, 84,651 ; freight,
661,431 ; other, 3,553— total, 851,135 miles. Earnings— passenger, $51,714.35 ; freight,
$215,068.03— total ($1,540.93 per mile), $266,782.38 ; operating expenses and taxes, $246,-
744.61. Net earnings, $20,037.77.
Financial Statement, Terre Haute and Peoria RR. Co., June 1, 1887.— Capital stock
(par, $100), common, $3,240,000 ; preferred (6 per cent.), $2,160,000 ; funded debt, first
mortgage 5 per cent. 50-year $1,000 gold bonds, due March 1, 1937, interest pavable March
POORS MANUAL OF BAILEOADS.
and September, $1,800,000— total stock and bonds, representing cost of road, etc., $7,200,000.
Previous to the sale there were outstanding $4,175,000 1st mortgage 7 per cent, bonds, $350,-
000 unpaid interest. $805,022 receiver's certificates, and $949,469 of other debt.
Of the new bonds, $1.226,500 was issued in payment of receiver's liens and other en-
cumbrances, and $478,500 was applied to purchase of five locomotives and other new equip-
ment, steel rail and ties, leaving $95,000 in company's treasury. The company also holds
$322,600 preferred stock, and $1,613,200 common stock.
Directors. — C. W. Fairbanks, Otto Gresbam, Indianapolis, Ind.; D. H. Conklin, Andrew
Stevens, E. A. West, Decatnr, 111.; W. G. Beale, Chicago, 111.
C. W. FAIRBANKS, President Indianapolis, Ind.
D. H. Conklin, Vice-President, Gen. Manager and Treasurer. .Decatur, 111.
Secretary— Andrew Stevens Decatur, 111. | Asst. Sec.— George H. Dithridge New York, N. T.
PRINCIPAL OFFICE AND ADDKESS Decatur, 111.
TOLEDO AND OHIO CENTRAL RAILWAY COMPANY.
Main Line of Koad.— Toledo, O. , to Corning, O *173.5 miles.
Columbus Branch : Hadley Junction, O., to Alum Creek, 0 24.4 miles.
T L- J Gin- and Musk. Valley ER.: Bremen to New Lexington 11.6
Kage : I P. C. & St. L. Ey. : Alum Creek to Columbus 4.3— 15.9 miles.
Total length of roads operated (owned, 197) 213.8 miles.
Sidings, etc., 45.04 miles. Gauge, 4 ft. 8iin. Rail (steel, 192.07 miles), 50, 56 and 60 Ibs.
History. — The Toledo and Ohio Central Railway Company was incorporated under the
laws of the State of Ohio, June 30, 1885, and succeeded to the rights and franchises of the
original Ohio Central RR. Co. The property thus acquired consisted of the main line of the
Ohio Central RR., extending from Toledo to Corning, with the branch from Hadley Junction
to Alum Creek, a total of 196.65 miles, which lines had by the consolidation of January 27,
1882, become the property of the (second) Ohio Central RR. Co. Default occurring in the
payment of interest on the bonds of this latter corporation, its lines were placed in the hands
of receiver?, and on April 15, 1885, the main line and Columbus Branch, as above, were sold
under foreclosure of the main line mortgage, and purchased for account of the holders of
those bonds to whom, in their corporate 'capacity, the road was transferred, June 30, 1885.
In the reorganization the new (T. & O. C. Ry.) company made an issue of $5,000,000 first
mortgage bonds, of which $2,000,000 were set apart to acquire rolling stock and terminals at
Toledo and Columbus, the issue of this amount being conditioned upon the consent of holders
of three-fourths of the bonds outstanding. The remaining $3,000,000 were issued to holders
of the old main line first mortgage bonds, with coupons from January 1, 1886, attached, bond
for bond, on payment of an assessment of $5 per bond ; holders of such bonds receiving, in
addition, preferred stock to the amount of $250 per $1,000 of bonds. Preferred stock to the
amount of $3,750,000 was created, of which $750,000 was set apart for distribution to holders
of first mortgage bonds, as above, the remaining $3, 000,000, being issued in exchange for old
second mortgage incomes, dollar for dollar, on payment of an assessment of five per cent, of
par value of same. Common stock to the amount of $1,600,000 was created and issued to the
holders of old stock, on payment of an assessment of one per cent, of the par value of their
holdings, in the proportion of 30 shares of new for 100 shares of old stock.
At the same time that the sale of this property was effected, the terminal property of the
Ohio Central Ry. Co. was sold under its separate mortgage, and purchased by the stock-
holders, who have since reorganized under the name of Ohio Central Terminal Company.
(The question of the ownership of this terminal property is now being litigated, the Toledo
and Ohio Central Ry. Co. claiming that it was covered by the original Ohio Central first
mortgage.) Later the River Division and Point Pleasant Bridge was sold and reorganized as
* Including 0.6 mile of Lake Shore and Michigan Southern RR
POOR S MANUAL — TOLEDO AND OHIO CENTRAL KY. CO.
537
Eanawha and Ohio Ey. Co. (See General Index ; also, for historical sketch of development
of Ohio Central RR., MANTJAI, for 1885, pp. 561, 562, 563.)
On December 8, 1885, the equipment, etc., of the Ohio Central RR. Co. was sold under
foreclosure of a second mortgage to the Central Trust Co., and was purchased by the Toledo
and Ohio Central Ry. Co. for $350,000.
By lease, ratified by stockholders at a special meeting held September 25, 1885, the
Columbus and Eastern RR. Co. uses the Columbus Branch of this road. The lease is for 99
years from December 1, 1885.
The company made a contract in August, 1886, for the use of the track of the Kanawha
and Ohio Ry. between Corning and Jacksonville, O., about 12 miles.
Rolling Stock, June 30, 1886. — Locomotive engines, 37. Cars — passenger, 11 ; baggage,
mail and express, 8 ; freight (box, 487; platform, 58; stock, 9 ; coal, 1,779 ; caboose, 30),
2,363 ; other cars, 45— total cars, 2,427.
Operations for year ending June 30, 1886. — Train mileage — passenger, 226,718 ; freight,
550,444 ; other, 57,710— total, 834,872 miles. Passengers carried, 162,032 ; carried one mile,
3,679,031 ; average mile rate, 2.30 cents. Tons freight moved, 773,963 ; moved one mile,
100.575,279 ; average ton-mile rate, 0.57 cent.
Earnings.— Passenger $84,677 28
Freight 577,360 65
Mail 12,427 68
Express 4,52395
Miscellaneous 19,000 56
Expenses.— Transportation $143,067 41
Motive Power 131,199 38
Maintenance of Cars 51,651 52
Maintenance Way and Buildings 180,821 44
General 66,513 62
Total ($3,264.68 per mile) $697,989 12 Total ($2,681.26 per mile) $573,253 37
Net earnings (17.87 per cent,), $124,735.75 ; trackage receipts, $7,000— total, $131,735.75.
Payments : Interest on bonds, $150,000; interest on other debt, $7,691.96 ; rental leased lines,
$22,683.76— total, $180,375.72. Deficit, as per balance sheet, $48,639.97.
General Balance SJieet, June 30, 1886.
Cost of Road $7,081,866 83
Cost of Rolling Stock 738,353 38
Materials and Fuel on Hand 48,131 50
Bills Receivable 10,386 07
Current Accounts 122,664 73
CashonHand 32,72685
Cash to meet July, 1886, Coupons 75,000 00
Profit and Loss 48,639 97
Total Assets $8,157,769 33
Common Stock (par value, $100) $1,592,000 00
Preferred Stock (par value, $100) 3,108,000 00
Funded Debt Outstanding 3,000,000 00
Bills Payable 234,065 71
Current Accounts 148,703 62
Interest on 1st Mortgage Bonds 75,000 00
Total Liabilities $8,157,769
The preferred stock is a prior lien on surplus over fixed charges to the extent of five per
cent, or such other rate as can be paid ; and after the payment of five per cent, on common
stock shall be entitled to an additional preference of two per cent , both stocks to share pro
rata in any excess after payment, of seven per cent, on both classes. The bonds are of $1,000
each, coupon with privilege of registration, bear five per cent, interest payable in New York
semi-annually, January 1 and July 1, dated July 1, 1885, and payable in gold July 1, 1935.
Trustee of bonds, and Registrar of Stock, Central Trust Co., New York. Stock and bonds
listed on New York Stock Exchange. Holders of bonds may vote at all meetings of stock-
holders of the company at the rate of one vote per $100 of bonds.
The reorganization scheme further provided that no mortgage except the first mortgage
authorized in the plan outlined above shall ever be placed upon the railroad or its property,
unless a majority in interest of the preferred stockholders shall have first given their written
assent thereto.
The board of directors of this company are divided into three classes, one class only being
elected annually.
Article II. of mortgage provides that trustee shall at any time when requested by holders
of one-fourth of these bonds ascertain the condition of the railway and equipment, and shall
enforce the placing of same in good condition If necessary.
538
POOR'S MANUAL OP RAILROADS.
Annual meeting, first Monday in September. Books close 30 days prior thereto, and 30
days prior to dividend payments.
The following is a supplementary statement of the earnings, expenses, etc., for the year
ending December 31, 1886.
Expenses— Transportation $363,552
Maintenance of Way. 173,313
Rolling Stock 84,993
General 52,521
Taxes 28,471
Earnings.— Passenger $91,029
Freight 705,206
Mail 12,427
Express 5,748
Car Service 30,385
Total $844,798 Tgtal $602,850
Net earnings, $241,948. Charges against net earnings : Rental L. S. & M. S. By. docks
at Toledo, $5,847 ; L. S. & M. S. Ry. tracks at Toledo, $4,100 ; L. S. & M. S. Ry. tracks from
Alum Creek to Columbus, $3,223 ; B. & O. and P., C. & St. L. RRs. tracks and depots at Co-
]umbus,$2,898; C. & M. V. Ry. tracks from Bremen to No. Lexington, $4,769 ; K. & O. Ry.
tracks below Corning (4 mos.), $1,666 ; miscellaneous rental, $1.00— total ($22,626, less rental
received from C. & E. RR. tracks, Hadley Junction to Alum Creek, $12,000 ; miscellaneous,
$2,940— $14,940), $7,685 ; interest on bonds, $150,000; on equipment, $14,261— total, $171,-
946. Surplus, $70,002, from which was expended for construction of Mud Fork branch and
new side tracks, $19,990 ; equipment of locomotives, $33,750— total, $53,740.
General Balance SJieet, December 31, 1886.
Cost of Road $7,074,834
Cost of Equipment 772,103
Construction 24,375
Accounts Receivable 172,018
*Sundry Accounts 92,649
Bills Receivable 27,954
Cash 44,389
Supplies 39,401
Total Assets $8,247,725
Preferred Stock $3,108,000
Common Stock 1,592,000
First Mortgage Bonds 3,000,000
Accounts Payable 205.321
Sundry Accounts 83,353
BillsPayable 238,628
Income Account 20,423
Total Liabilities $8,247,725
* Includes $75,000 deposited with the Central Trust Co. to pay January coupons.
Board of Directors.
Grinnell Burt New York, N. Y.
J. M. Ferris Toledo, O.
W. B. Sanders Cleveland, O.
STEVENSON BURKE, President Cleveland, 0.
Chas. J. Canda, Vice-President New York, N. Y.
C. J. Canda New York, N. Y.
J. S. Stanton New York, N. Y.
Chas. Hickox Cleveland, O.
C. W. Opdyke New York, N. Y.
A. W. Scott Toledo, O.
Stevenson Burke Cleveland, O.
General Manager— 3. M. Ferris Toledo, O.
Auditor— Jno. Landgraf , Jr Toledo, O
Secretary and Treasurer — J. F. Cline Toledo, O.
Superintendent— J '. M. Peelar Bucyrus, O.
PRINCIPAL OFFICE AND ADDRESS Toledo, O.
Fiscal atid Transfer Agency Central Trust Co., New York, N. Y.
TOLEDO AND SOUTH HAVEN RAILROAD COMPANY.
Line of Road.— Paw Paw, Mich., to Hartford, Mich 15.60 miles.
Sidings, etc., 0.60 mile. Gauge, 3 ft. Rail 30 and 56 Ibs.
History.— Chartered April 21, 1876. Road opened from Paw Paw to Lawrence, October
1, 1877 ; to Hartford, March 8, 1883. Operated in connection with Paw Paw RR.
Rolling Stock.— Locomotive engines, 3. Cars — passenger, 1 ; baggage, mail and express,
2 ; freight (box, 4 ; platform. 6), 10 — total, 13. Also, 14 other cars.
Operations for year ending December 31, 1886. — Train mileage (mixed), 20,032 miles.
Passengers carried, 20,310 ; carried one mile, 172,635. Tons freight moved, 2,911 ; moved
one mile, 20,032. Earnings (passenger, $6,172.10 ; freight, $3,763.45 ; mail and express, etc.,
$793.73), $10,729.28. Operating expenses, $3,972.28 ; net earnings, $7,730.63. Payments :
Interest on bonds, $2,800 ; on floating debt, $1,156.60 ; rents, $40— total, $3,996.60. Balance,
surplus, $3,733.03 ; surplus from last year, $13,236.12— total, $16.969.15.
Financial Statement, December 31, 1886.— Capital stock (authorized, $100,000), $74,-
POOR'S MANUAL OF RAILROADS. 539
354 14 ; funded debt (1st mortgage 8 per cent, registered bonds, due 1886, $15,000 ; 3d mort-
gage 8 per cent, registered bonds, due 1888, $20,000), $35,000; bills payable, $14,457.53;
profit and loss, $16,969.15— total, $140,780.82. Per contra: Construction, $105,195.03;
equipment, $29,332.24; materials on hand, $8,110.20; current accounts, $840.13; cash on
hand, $2,303.22— total, $140,780.82.
Annual meeting, second Tuesday in January. Interest on first mortgage bonds payable
at Newburgh, N. T. ; on second mortgage bonds at Paw Paw, Mich.
Directors (elected January 11, 1886).— F. B. Adams, John Ihling, Henry Ford, G. W.
Lawton, Lawton, Mich.; O. W. Rowland, L. C. Hurd, Edwin Martin, Paw Paw, Mich.
F. B. ADAMS, President Lawton, Mich.
Vice- President & Treasurer— E. Martin. Paw Paw, Mich. | Secretary— Henry Ford — Lawton, Mich.
Superintendent— John Ihling Lawton, Mich.
PRINCIPAL OFFICE AND ADDRESS Lawton, Mich.
TOLEDO, ANN ARBOR AND NORTH MICHIGAN RAILWAY COMPANY.
Main Line of Road. — Toledo, O., to Mt. Pleasant, Mich 170.5 miles.
South Lyons Branch : Lelands, Mich., to South Lyons, Mich 8.0 miles.
Total line completed and in operation December 31, 1886 178.5 miles.
Sidings, 12.5 miles. Gauge, 4 ft. 8£ in. Rail, iron, 55 ; steel (11 miles), 67 Ibs.
History. — This company was formed by the consolidation, June 24, 1884, of the Toledo,
Ann Arbor and Grand Trunk, and the Toledo, Ann Arbor and North Michigan Ry. Companies,
The former of these completed and opened in August, 1881, a line of railroad from Toledo to
South Lyons, 61 miles. In October, 1882, the last named company was organized to build an
extension of that road from South Lyons to St. Louis, a distance of 91 miles. The section
from Owosso to St. Louis was completed August 4, 1884. The extension from St. Louis to
Mt. Pleasant, 20.4 miles, was built by the Lansing, Alma, Mt. Pleasant and Northern RR.
Co., completed about August 1, 1886, and consolidated October 26, 1886. The line was opened
through November 1, 1886. The Toledo, Ann Arbor and Cadillac Ry. Co. is building an ex-
tension of this road from Mt. Pleasant to Cadillac, to be completed during 1887. It will
become a part of the main line of this road.
Rolling1 Stock. — Locomotives, 20. Cars — passenger, 8 ; baggage, etc., 2 ; freight (box,
230 ; platform, 95), 325 — total, 335. Also, 4 caboose and 30 other cars. Of the above 150
box cars are leased and 6 passenger, 65 box and 50 platform cars are held through car trust.
Operations for year ending December 31, 1886. — Train mileage — passenger, 124,790;
freight, 93,217 ; mixed, 38,340 — total, 256,347 miles. Passengers carried, 110,202 ; carried
one mile, 2,781,029; average mile rate, 2.71 cents. Tons freight moved, 389,824; moved
one mile, 18,678,338 ; average ton-mile rate, 1.11 cents.
Earnings.— Passenger $75,525 10
Freight 206,400 60
Mail and Express 9,827 05
Miscellaneous 88,498 26
Total ($3,587.27 per mile) $380,251 01
Expenses.— Transportation $84,681 02
Motive Power and Cars 19,085 97
Maintenance Way and Buildings 43,343 14
General and Taxes 74,985 39
Total ($2,095.23 per mile) $222,094 52
Net earnings (41.60 per cent.), $158,156.49. Paid interest on bonds, $145,600. Balance,
surplus, $12,556.49 ; surplus from last year, $34,557.49— total surplus, $47,113.98.
General Balance Sheet, December 31, 1886.
Cost of Road $6,942,132 20
Cost of Rolling Stock 374,968 67
Materials and Fuel on Hand 14,503 92
Due from Agents, etc 135,134 37
Cash . . 35,554 64
Total Assets $7,502,293 SO
Capital Stock $4,040,000 00
Funded Debt Outstanding 2,860,000 00
Bills Payable 100,214 49
Current Accounts 135,604 81
Accrued Interest 16,000 00
Car Trusts 122,748 56
Due J. M. Ashley, President 180,611 96
Profit and Loss 47,113 98
Total Liabilities $7,502,293 80
54:0 POOR'S MANUAL OF RAILROADS.
Funded debt consisted, December 31, 1886, of —
1st mtge. (Toledo to So. Lyons, 61 m.), 6p.c. 40-year convert, gold bonds, due Jan. 1, 1921, int. J. and, T... $1,200,000
1st mtge. (June, to Mt. Pleasant, 118m.), 6p.c. 40-year con. gold bonds, due May 1, 1924, int. May & N... 1,600,000
Bonds of 1921 are $1,000 each and coupon with privilege of registration ; bonds of 19:24
are for $500 and $1,000 and coupon with privilege of registration.
Annual meeting, third Wednesday in April. Trustee of bonds due 1921 and registrar
of stock, Farmers' Loan and Trust Co. of New York, N. Y. ; trustee of bonds, due 1924, Cen-
tral Trust Co., New York, N. Y. Bonds listed on New York Stock Exchange.
Directors (elected March 24, 1887).— J. M. Ashley, A. W. Wright, Henry W. Ashley,
John Cummings, David Robison, Jr., S. Dean, T. W. Childs, J. M. Ashley, Jr., William
Baker.
J. M. ASHLEY, President Toledo, 0.
1st Vice-President—A.. W. Wright Detroit, Mich. Secretary— C. F. Cook Toledo, O.
2d Vice-Pres. <& G. Jf.— Henry W. Ashley .Detroit. Mich. Treasurer- B. F. Jervis . . .Toledo, O.
Acting Auditor— D. M. Monjo Toledo, O.
PRINCIPAL OFFICE AND ADDRESS Toledo, 0.
TOLEDO, CANADA SOUTHERN AND DETROIT RAILWAY COMPANY.
Line of Road.— Toledo, O., to Detroit, Mich 55.87 miles.
Sidings, etc., 38.03 miles. Gauge, 4 ft. 8£ in. Rail (all steel), 56 Ibs.
History. — Organized July 19,1872, and road opened September 1, 1873. Formed by con-
solidation of the Detroit and State Line, and the Junction (Ohio) RR. Cos. Operated in connec-
tion with the Canada Southern Ry. by the Michigan Central RR. Co.
Rolling Stock. — None owned.
Operations. — Included in report of Michigan Central RR. Co.
General Balance Sheet, December 31, 1886.
Construction $3,079,53999
Real Estate 13,546 51
Income Account 335,393 46
Interest on Bonds 1,444,48500
Total Assets $4,862,964 96
Capital Stock $1,547,662 50
Funded Debt 1,511,737 50
Bills Payable, etc 385,784 96
Coupons Unpaid 1,417,78000
Total Liabilities $4,862,964 96
The funded debt consists of $1,500,000 1st mortgage 7 p. c. bonds, due January 1, 1906,
interest payable January and July, and $11,737.50 scrip.
Directors (elected June 3, 1886).— James Tillinghast, Buffalo, N. Y.; W. L. Scott, Erie,
Pa.; G. W. Davis, Toledo, 0.; C. Vanderbilt, S. F. Barger, E. D. Worcester, E. A, Wickes,
W. K. Vanderbilt, Joseph Harker, New York City.
JAMES TILLTNGHAST, President New York, N. Y.
E. A. Wickes, Vice- President New York, N. Y.
C. F. Cox. Secretary and Treasurer New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Grand Central Depot, New York City.
TOLEDO, COLUMBUS AND SOUTHERN RAILWAY COMPANY.
Line of Road.— Toledo, 0., to Findlay, 0 41.25 miles.
Sidings, 4 miles. Gauge, 4 ft. 8£ in. Rail (steel, 45.25 miles), 56 Ibs.
History. — Chartered under name of Toledo and Indianapolis Ry. Co., in May, 1881 ; road
opened May 7, 1883. Road placed in hands of receiver November 1, 1883. Sold under fore-
closure February 25, 1885, and purchased by the bondholders for $150,000, by whom the com-
pany was reorganized under its present name March 1, 1885. Since that time the company
has rebuilt the road and equipped it with new rolling stock. An extension of the road south
to the Ohio River is projected. The tracks of the Toledo and Ohio Central RR. are used from
J unction to Toledo Depot, 2.75 miles, making total length of road operated 44. miles.
POOR'S MANUAL OP RAILROADS. 541
Rolling1 Stock, March 1, 1887. — Locomotive engines, 3. Cars — passenger, 4 ; baggage,
mail and express, 2 ; combination, 2 ; freight (box, 50 ; flat, 50), 100 — total, 108.
Operations for year ending March 1, 1887. — Train mileage — passenger, 45,540; mixed,
28,080 — total, 73,6:20 miles. Passengers carried, 57,215 ; carried one mile, 1,455,107. Tons
of freight moved, 73,530 ; moved one mile, 1,776,667. Earnings — passenger, $32,613.37 ;
freight, $47,437.59 ; mail, $1,911.78 ; express, $l,2->6.46— total, $83,188.20. Expenses-
maintenance of way, $14,182.63 ; motive power and cars, $11,062.50 ; transportation, $31,121.-
81; miscellaneous, $6,610.34— total, $62,976.78. Net earnings, $20,211.42. Disposition of
net earnings, not reported. •
Financial Statement, March 1, 1887.— Capital stock, $825,000 ; funded debt, 1st mortgage
6 per cent. 40-year coupon $1,000 bonds, due July 1, 1925, interest January and July, $825,-
000— total, $1,650,000. Contra : Cost of road, equipment, etc., $1,650,000.
The bonds are secured by a mortgage on road, equipment, buildings, etc., of co npany.
Annual meeting, fourth Thursday in March. Trustee of bonds, Farmers' Loan and Trust
Company, New York, N. Y.; registrar of stock, A. W. Scott, Secretary.
Directors (elected March 25, 1886).— T. P. Brown, W. T. Walker, John H. Doyle, A. W.
Scott, J. M. Ferris, J. F. Cline, Toledo, 0.; J. F. Burket, Findlay, O.
T. P. BROWN, President and General Manager Toledo, O.
W. T. Walker, Vice-President Toledo, O.
Secretary and Treasurer— A. W. Scott Toledo, O. | Superintendent— W . W. Hairing Toledo, O.
PBINCIPAL OFFICE AND ADDRESS 48 Madison St., Toledo, O.
TOLEDO, PEORIA AND WESTERN RAILWAY COMPANY.
Main Line of Road. — Indiana State Line, to Warsaw, 111 219.8 miles.
Iowa Branch : La Harpe, III., to Iowa, 111 10.3 miles.
mi . j Peoria & Pekin Union RR. — Peoiia to Hollis, 111 7.7 miles.
' (Chicago, Burlington & Q,uincy RR. — Iowa, 111., to Burlington, la... 9.3 miles.
Total length of railroad owned and operated 247.1 miles.
Sidings, etc., 33 miles. Gauge, 4 ft. 8| in. Rail (steel, 185.1 miles), 52 to 60 Ibs.
History. — Chartered as Toledo, Peoria and Warsaw, Feb. 14, 1863. Main line opened in
1868, and the branch in 1873. Default made in December, 1873. Sold under foreclosure Jan-
uary 20, 1880, and reorganized under present title. Leased for 49£ years from May 22, 1880.
to the W., St. L. & P. Ky. Co., the lessee guaranteeing interest on 1st mortgage and 1st pre-
ferred income bonds. Default was made July 1, 1884, and on June 11, 1885, the road was
transferred to the trustees of its first mortgage. Sold under foreclosure to representatives of
1st mortgage bonds, October 29, 1886, and present company organized in March, 1887.
Rolling1 Stock (December 31, 1886). — Locomotive engines, 46. Cars — passenger, 13; bag
gage, mail and express, 9; freight (box, 300; stock, 76; platform, 8; coal, 233), 617; caboose,
15; other, 1 — total, 655.
Operations for year ending December 31, 1886. — Train mileage and traffic not reported.
Earnings.— Passenger $230,886 44
Freight 571,919 15
Mail iind Express 42,46400
Miscellaneous 1,140 57
Total Traffic Earnings $846,410 16
TrackRentals 33,850 00
Interest 2.036 16
Sale of Old Rail 26,92478
Total Income... $909,221 10
Expenses.— Transportation.
Rolling Stock..
Maintenance of Way.
General . .
Details not
furnished.
Total Operating Expenses $651,434 14
Taxes 37,644 63
TrackRentals 57,60276
New Rail, Equipment, etc 72,024 71
Total Expenses $818,70623
Balance, surplus, $90,514.87 ; surplus from last year, $79,578.58 '; total surplus, $170,-
093.45.
Financial Statement (reorganized corporation). — Capital stock, $4,500,000; funded debt,
542 POOR'S MANUAL OF RAILROADS.
first mortgage 4 per cent. $1,000 bonds, $5,000,000— total stock and bonds, $9,500,000.
Cost of road at foreclosure, $4,790,000. In the reorganization, old first mortgage bonds re-
ceive 100 per cent, in new 4s, and 100 per cent, in stock; all other securities were extin-
guished.
A. L. HOPKINS, President New York, N. T.
Genl. Superintendent— ft. N. Amstrong....Peoria, Dl. | Trustees? Agt. & Man.—'E. F. Leonard Peoria, 111.
PRINCIPAL OFFICE AND ADDRESS Peoria, 111.
TRAVERSE CITY RAILROAD COMPANY. •
Line of Road. — Walton Junction, Mich., to Traverse City, Mich 26 miles.
Sidings, etc., 2.03 miles. Gauge, 4 ft. 9 in. Rail (steel, 3.30 miles), 50 and 56 Ibs.
History.— Organized October 30, 1871 ; road opened December, 1872. Leased for 50
years from January 1, 1883, to the Grand Rapids and Indiana HR. Co., which supplies rolling
stock and pays this company as rental the net earnings of the road, with a minimum guar-
antee of interest on first mortgage bonds, or $7,500 per annum.
Operations for the year ending December 31, 1886. — Trains run — passenger, 28,541 ;
freight, 22,370 ; other, 1,760 — total, 52,671 miles. Passengers carried, 35,410; carried one
mile, 678,878. Tons of freight moved, 42,906 ; moved one mile, 699,218. Earnings— pas-
senger, $19,054.25 ; freight, $19,238.80 ; mail and express, $3,125.70 ; miscellaneous, $461.87
—total, $41,880.62. Expenses— maintenance of way, $17,686.38 ; of cars, $913 28 ; motive
power, $4,364.04 ; transportation, $9,192.45 ; general, $2,132.33— total, $34,288.48. Net
earnings, $7,592.14. Paid interest on bonds, $7,500. Balance, surplus, $92.14; deficit from
last year, $191,112.02— deficit to date, $191,019.88.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $205,000 ; funded
debt (1st mortgage 3 per cent. 50-year coupon $1,000 bonds, due January 1, 1933, interest
payable January and July, $250,000 ; income 50-year registered $500 bonds, due Jan. 1, 1933,
interest not to exceed 5 per cent., payable January and July, $190,000), $440,000 ; bills pay-
able, $4,172.41; unpaid coupons, $3,795 — total, $652,967.41. Contra: Cost of road and
equipment, etc., $454,164.54; current accounts, $2,932.10; cash on hand, $4,850.89; profit
and loss, $191,019.88— total, $652,967.41.
Trustees of bonds — first mortgage, Josiah Horsey ; income, H. W. Smithers and W. F.
Whitehouse. Registrar of stock, J. H. P. Hughart, Grand Rapids, Mich. Annual meeting,
Thursday after first Wednesday in May ; books close 10 days prior thereto. Interest pay-
able at office of Winslow, Lanier & Co., New York, N. Y.
Directors (elected May 6, 1886.)— Perry Hannah, Smith Barnes, W. H. C. Mitchell,
Thomas T. Bates, D. C. Leach, J. D. Harvey, Traverse City, Mich. ; W. 0. Hughart, Grand
Rapids, Mich.
PEUHY HANNAH, President , Traverse City, Mich.
Vice-President— W . O. Hughart. . .Grand Rapids, Mich. | Sec. and Treas.—3. H. P. Hughart. Grand Rapids, Mich.
PRINCIPAL OFFICE AND ADDRESS Traverse City, Mich.
Transfer Office Grand Rapids, Mich.
VALLEY RAILWAY COMPANY.
Main Line of Road. — Cleveland, O., to Valley Junction, O 75.50
( Krumroy : Kruuimy to Lake View 3.00
Branches : •< Willow : Willow to Newburg 3.33
(Other Short Coal Branches 8.66— 90.50 miles.
Sidings, etc., 31 miles. Gauge, 4 ft. 8| in. Rail (steel, 59 miles), 56 Ibs.
History.— Organized August 21, 1871 ; road opened to Canton February 1, 1880 ; to Min-
eral Point, July 15, 1882; to Valley Junction, January 1, 1883.
Rolling Stock.— Locomotive engines, 21. Cars — passenger, 17 ; baggage, mail and ex-
POORS MANUAL OF RAILROADS.
543
press, 4 ; freight (box, 54; stock, 6 ; platform, 129; coal, 700). 889; caboose, 4 ; other cars, 19
— total, 932. Of the above the following were acquired by car trust : Locomotive engines, 11.
Cars — passenger, 11 ; baggage, mail and express, 1 ; freight (stock, 6; platform, 125; coal,
400), 531; caboose, 4; service, 11— total, 558.
Operations for year ending December 81, 1886. — Train mileage — passenger, 166,047;
freight, 159,818; other, 21,053— total, 346,918 miles. Passengers carried, 275,713; carried
one mile, 7,100,756 ; average mile rate, 1.63 cents. Tons freight moved, 1,038,843; moved
one mile, 34,367,601; average ton-mile rate, 1.42 cents.
Barningg.-Passenger $116,027 35
Freight 490,613 77
Mail 5,532 40
Express 7,85498
Miscellaneous 8,42147
Total ($8,379.33 per mile) $628,449 97
Expenses.— Transportaton $198,890 05
Motive Power 18,323 49
Maintenance of Cars 28,695 94
Maintenance Way and Buildings. 42,179 15
General 36,504 33
Total ($4,327.91 per mile) $3x4,592 96
Net earnings (48.35 per cent.), $303,857.01. Paid interest on funded debt, $189,173.37;
other interest, $60,998.72; taxes, $14,570.69— total, $264,742.78. Surplus, $39,114.23; defi-
cit from la?t year, $'8,984.02; surplus as per balance sheet, $10,130.21.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $1,258,047.36; funded
debt, 1st mortgage 7 per cent. 30-year bonds, due June 14, 1900, interest payable June and
December, $1,600,000; consolidated mortgage 6 per cent. 40-year bonds, due September 1,
1921, interest payable March and September (authorized, $4,000,000), $1,490,000; current
accounts, $70,737.32; other liabilities, $843,638.06; profit and loss, $10,130.21— total, $5,272,-
552.95. Contra: Construction, $3,521,071.39; equipment, $580,384.96; real estate, $1,049,-
009.26; materials and fuel, $23,680.48 ; bills receivable, $9,267.82; current accounts, $62,-
001.71; cash, $27,137.33— total, $5,272,552.95.
The first mortgage bonds are secured on line of road from Cleveland to Canton, 59 miles.
They are $100 and $1,000 bonds, coupon or registered. The consolidated mortgage bonds are
secured on the whole road. They are $1,000 bonds, coupon or registered.
Annual meeting, third Wednesday in April. Books close 30 days prior to annual meet-
ing, and stock owned then may be voted. Interest payable in New York, at the office of
Drexel, Morgan and Co. The Secretary is registrar of stock. Consolidated mortgage bonds
are listed on New York Stock Exchange.
Directors (elected April 20, 1887).— J. H. Wade, S. T. Everett, H. B. Payne, W. J. Board-
man, John Tod, L. C. Higgins, L. M. Coe, Cleveland, 0.; D. L. King, Akron, 0. ; L. V.
Bockius, Canton, O.
J. H. WADE, President Cleveland, O.
D. L. King, Vice- President Akron, O.
Gen. Manager— Isaac Reynolds Cleveland, O. | Treasurer— S. T. Everett Cleveland, O.
Secretary, Auditor and Transfer Agent— W. B. Porter. .Cleveland, O.
PRINCIPAL OFFICE AND ADDRESS No. 122 Water Street, Cleveland, O.
WABASH, CHESTER AND WESTERN RAILROAD COMPANY.
Main Line of Road.— Chester, 111., to Tamaroa, 111 40.83
Penitentiary Branch : Chester, 111., to Penitentiary 1.43 — 42.26 miles.
Sidings, 2.88 miles. Gauge, 4 ft. 8^ in. Rail (steel, 11 miles), 45 and 60 Ibs.
History. — Organized February 20, 1878, as successor to the Iron Mountain, Chester and
Eastern RR. Co., which was a consolidation, July 24, 1873, of the Chester and Tamaroa
(opened March 1, 1872) and the Chester and Iron Mountain RR. Cos. Sold under foreclosure
for $50,000, February 28, 1878, subject to claims for back taxes and right of way. Leased
for 45 years from April 1, 1882, to the St. Louis Coal RR. Co., that company to guarantee the
interest on its $200,000 1st mortgage bondg, and at the end of 5 years to pay 6 per cent,
yearly dividends on its capital stock. On the 25th of February, 1885, the St. Louis Coal RR.
544 POOR'S MANUAL OF RAILROADS.
went into the hands of a receiver, and the lease was cancelled, the Wabash, Chester and
Western RR. Co. resuming possession March 16, 1885.
Rolling Stock, December 31, 1886. — Locomotive engines, 3. Cars — passenger, 2 ; bag-
gage, mail and express, 1 ; freight (box, 25 ; stock, 10 ; platform, 3 ; coal, 23 ; caboose, 1),
62— total, 65.
Operations for year ending December 81, 1886. — Train mileage — passenger, 38,984 ;
freight, 21,298— total, 60,282 miles. Passengers carried, 32,315 ; carried one mile, 556,759 ;
average mile rate, 2.80 cents. Tons of freight moved, 69,886 ; moved one mile, 1,781,806 ;
average ton-mile rate, 2.20 cents. Earnings— passenger, $15,589.26 ; freight, $39,272.34 ;
mail, $2,927.80; express, $999.96— total, $58,789.36 — Expenses— maintenance of way, $22,-
547.28 ; maintenance of cars, $2,406.97 ; motive power, $13,395.62 ; transportation, $8,485.01;
miscellaneous, $10,020.68— total, $56,855.56. Net earnings, $1,933.80.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $250,000 ; funded
debt, $200,000; bills payable, $21,368.87; current accounts, $6,373.69; unpaid interest, $26,-
160— total, $503,902.56. Contra : Costof road, etc., $450,000 ; new rollingstock, $12,410.23;
cash assets, $2,508.27; profit and loss, $38,984.06— total, $503,902.56.
Funded debt consists of 1st mortgage 6 per cent. 30-year $1,000 coupon or registered
bonds, due July 1, 1908, interest January and July, $200,000 ; funded interest 6 per cent. 10-
year $180 coupon certificates, due July 1, 1895, interest January and July, $38,560. The
latter were issued for three years' interest on bonds, each coupon being for 6 per cent, interest
ou amount of old coupon due six months before. Trustees of bonds, William E. Burr and C.
B. Burnham, St. Louis, Mo. Eegistrar of stock, H. C. Cole, Secretary, Chester, 111. Annual
meeting, first Wednesday in March.
Directors. — Nathan Cole, Edwin Harrison, St. Louis, Mo.; J. C. Bryden, Carbondale,
111.; C. B. Cole, H. C. Cole, Chester, 111.
NATHAN COLE, President St. Louis, Mo.
C. B. COLE, Vice-President and Treasurer Chester, 111.
Auditor— C. E. Kingsbury Chester, III. | Secretary— H. C. Cole Chester, 111.
PRINCIPAL OFFICE AND ADDBESS Chester, 111.
WABASH, ST. LOUIS AND PACIFIC RAILWAY.
Main Line of Road.— Toledo, 0., ma St. Louis, to Kansas City, Mo 712.2 miles.
Branch Lines named below 1,357.0 miles.
Total length of all lines operated, December 31, 1886 2,069.2 miles.
Sidings, 463.3 miles. Gauges— 4 f t. 8£ in., 1,954.3 miles ; 3 ft., 114.9 miles. Rail (steel,
1,787.2 miles), 601bs.
The following statement shows the length of the several lines, December 31, 1886.
LINES EAST OF THE MISSISSIPPI.
Toledo, O., to East St. Louis. Ill 432.9
Decatur, 111., to Camp Point, 111 129.2
Camp Point, III., toQulncj, 111 21.5
Clayton, III., to Elvaston, 111. 345
Maysville, 111., to Pittsfleld, 111 6.2
Attica, Ind., to Covington, Ind 14.5
Ed wards ville, 111., to Edwardsville June., Ill 8.5
Champaign, 111., to Sidney, 111 116
Detroit, Mich., to Butler, Ind 113.5
Butler, Ind., to Logansport, Ind 93.0
Denver, Ind., to Peru, Ind 80
Fairbury, 111., to Forrest, 111 5.4
Elvastou, 111., to E. Keokuk la 6.5
Sireator, 111., to Fairbury, 111 31.1
Strawn, 111., to Altamont, 111 1168
Shumway, III., to Effingham, 111 8.5
Chicago, III., to Strawn, III 987
Blutt.i, 111., to Hannibal, Mo 484
Peoria. 111., to Jacksonville, III 81 9
Springfield, 111., to Havana, 111 44.1 Total 2,009.2
History. — The organization of the Wabash, St. Louis and Pacific Railway Company was
effected by the consolidation, November", 1879, of the Wabash and the St. Louis, Kansas City
LINES WEST OF THE MISSISSIPPI.
St. Louis Union Depot, Kansas City, Mo 276.8
St. Louis Levee, to Ferguson, Mo 10.1
Glasgow, Mo., to Salisbury, Mo 15.0
Moberly, Mo., to Coatesville, Mo 87.6
Coate^ville, Mp., to Ottnmwa, la 43.4
Ottmnwa to Given, la 37.8
Brunswick, Mo., to Chillicothe, Mo 38.0
Chillicothe, Mo., to Pattonsburg, Mo 41.7
Albiii, la., to Des Moines, la 67.3
D*s Moines, la., to Fonda, la 114.9
Centralia, Mo., to Columbia, Mo 21 .8
POOR'S MANUAL — WABASH, ST. LOUIS AND PACIFIC RY. 545
and Northern Railway Companies, whose systems were themselves the outgrowth of numer-
ous consolidations. The total length of lines acquired by the consolidation was 1,523.45 miles,
of which 297.38 miles were leased lines. To this mileage the company added that of other
lines leased, consolidated, or otherwise acquired until, on May 1, 1884, the length of roads
operated was 3,610 miles. At about that time the property was placed in the hands of re-
ceivers, and shortly thereafter the disintegration of the system began. Defaults were made
on interest or rentals due to many of the leased roads, and the properties were on application
surrendered to the trustees or had separate receivers appointed for them. The total decrease
in mileage from May 1, 1884, to January 1, 1887, was about 1,541 miles, including the mile-
age of the Michigan City and Indianapolis, Indianapolis, Peru and Chicago, the Chicago, Cin-
cinnati and Louisville, Havana, Rantoul and Eastern, the Champaign, Havana and Western,
the Quincy, Missouri and Pacific, the Missouri, Iowa and Nebraska, the Cairo and Vincennes,
the Danville and Southwestern, the St. Francisville and Lawrenceville (the three last named
now the Cairo, Vincennes and Chicago), the Toledo, Peoria and Western, the line from Cen-
treville Junction to Humeston, trackage rights over the C., St. L. & P. from Logansport to
the Indiana line, the Centreville, Moravia and Albia, the St. Joseph and St. Louis, the
Clariuda and St. Louis, the Omaha Extension (from Pattonsburg, Mo., to Council Bluffs, la.,
143 miles) and the St. Louis, Jerseyville and Springfield Railroads.
Included in the above statement of mileage are 397.3 miles of leased lines, as follows :
Eel River RR., Logansport to Butler, Ind., 93 miles ; Boone County and Booneville RR., Cen-
tralia to Columbia, Mo., 21.8 miles; St. Louis, Ottumwa and Cedar Rapids, Coatesville, Mo.,
to Ottumwa, la., 43.4 miles ; Brunswick and Chillicothe RR., Brunswick to Chillicothe, Mo.,
38 miles; St. Louis, Council Bluffs and Omaha RR., Chillicothe to Pattonsburg, Mo., 41.7
miles ; also, 3.9 miles of the Detroit-Butler line, 7.7 miles of the Chicago and Strawn RR., 9
miles of the Peoria and Jacksonville, 1.8 miles of the Kansas City line, and the Hues from
Denver to Peru, Fairbury to Forest, Elvaston and East Keokuk, and Ottumwa to Given.
The fixed rentals of the lines operated under lease amount to $187,725. In addition, the
company leases or has trackage rights over a number of short lines or parts of lines belonging
to other companies. The principal amounts to be paid yearly on such leases are : $154,800
to the Chicago and Western Indiana for an entrance into Chicago ; $22,600 to the C., B. & Q.
for track from Camp Point to Quincy ; $48,000 to the Hannibal and St. Jo. for use of the
bridge at Kansas City ; $22,500 to the Peoria and Pekin Union for use of track from Pekin
to Hollis ; $68,556.96 to the Detroit Union Depot and Station Co. for use of depot, etc.;
$20,800 to the Missouri, Iowa and Nebraska for use of track from Glen wood Junction to
Relay ; $4,105.20 to the Chicago, Milwaukee and St. Paul for joint use of terminals at St.
Paul, and $10,000 to the Toledo, Peoria and Western for use of track from Elvaston to
Hamilton.
On April 10, 1883, the system was leased to the St. Louis, Iron Mountain and Southern
Railroad Company, and was operated by that company from July 1, 1883, to May 28, 1884,
when the property was placed in the hands of receivers, and the lease set aside. The re-
ceivers were appointed in anticipation of default on coupons due May 1, 1884, on collateral
trust bonds, and July 1, 1884, interest on general mortgage bonds. These and several other
defaults occurred. On July 4, 1885, a plan for the reorganization of the company was agreed
upon, and shortly thereafter a foreclosure and sale of the property was called for. The de»
cree was granted January 6, 1886, and the property sold to the reorganization committee
April 26, 1886.
The Wabash Western Ry. Co. was organized in March, 1887, and on the 1st of April,
1887, the lines west of the Mississippi River were taken out of the hands of the receivers, and
transferred to it. In addition, the company took possession of the Eel River RR., the Detroit
and Butler RR., the Attica and Covington RR., the Champaign and Southeastern RR., and
the Des Moines and St. Louis RR. All of these lines are now operated by o.r with the Wabash
Western for the Purchasing Committee. The capital stock, general mortgage and collateral
trust bonds of the old company are wiped out under the plan of reorganization, which is
given in brief below :
35
546
POOR'S MANUAL — WABASH, ST. LOUIS AND PACIFIC BY.
1. Foreclose and reorganize under both the general and collateral trust mortgages.
2. New company to issue $30,000,000 6 per cent, non-cumulative debenture bonds, of which
$3,500.000 shall be preferred.
3. These bonds to be applied as follows : The $3,500,000 preferred to be given for certain
secured debts, $16,000,000 for the general mortgage bonds, $6,000,000 for the collateral
trust bonds, $4,000,000 to represent assessments (below), and the balance to remain in the
treasury.
4. New stock to be iseued share for share for the old, stockholders to pay an assessment of
$8 per share for preferred and $6 per share for common, and to receive an amount equal
to their assessment in new bonds.
5. Holders of new bonds to subscribe pro rata for all stock defaulting from the above plan,
and pay the subscription, when they will receive the stock and bonds appropriated to
such defaulted stock.
The preferred bonds are redeemable at the option of the company after 5 years, at any
time within 20 years from the date of the mortgage ; the balance of the bonds are perpetual
debentures ; all have voting privilege.
The cash received from the stock and bond assessments provided $4,000,000, and was ap-
plied to payment of floating debt.
A modification of this plan was agreed upon in August, 1886, between the purchasing
committee and the holders of prior lien bonds, whereby there will be executed a new general
mortgage on the entire system, the bonds issued under it to run for forty years, to bear 5 per
cent, interest, and to take precedence of the new debentures. Holders of prior lien bonds will
have the option of exchanging them dollar for dollar for new general mortgage bonds, or of
extending them for 40 years at the uniform rate of 5 per cent., all old mortgages to retain
their present rank, but to cover the entire system instead of special sections of it.
Rolling: Stock, December 31, 1886. — Locomotive engines, 461. Cars — passenger, 163 ;
baggage, mail and express, 109 ; freight (box, 8,786 ; stock, 1,764 ; coal and flat, 3,754),
14,304; caboose, 276 ; other, 52— total, 14,904 cars.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $2,864,216 12 I Expenses.— Maintenance of Way $2,173.952 60
Freight 9,011.883 41
Mail 318,784 42
Express 418,569 68
Miscellaneous 193,007 14
Maintenance of Cars 868,070 12
Motive Power 2,609,235 89
Transportation 3,460,975 37
Miscellaneous 719,584 70
Total ($5,831.69 per mile} $18,806,460 77 Total ($4,477.13 per mile) $9,831,824
Statement of operations, etc., for seven years ending December 31, 1886 :
1880
1881
1882
1883
1884
1885
1886
Miles Operated
1,942.30
2,624.80
3,401.60
4,942,209
8,599,680
4,251,393
166,198,5(50
5,911,012
1,247,611,350
,520
11,885.206
1,021,944
3,540.00
4,866,465
9,486,967
3,905.6ti5
154,727,718
5,859.566
1,2G3, 790,523
$
3,865,753
11,979,747
1.069,621
3,582.50
5,024,882
0,612,370
4.046,577
154,700,993
6,358,761
1,373,842,402
$
3,659,909
11,775,634
1,226,060
2,779.42
4,525,062
7,726,106
3,180,644
138,274,372
5,558,571
1,183,951,136
$
3.199,461
9,501,342
1,204,502
2,196.01
3.971,677
6.210,428
2,726,166
131,005,562
5,486.067
1,107,685,716
$
2.864,216
9,011,883
' 9:30.361
Passenger Train Miles . .
Freight Train Miles
Passengers Carried
Passenger Miles
1,992,763
97.774.57fi
4,533.187
1,105,783,399
$
2,344.452
9,532,334
551,326
3,215,200
137,114,727
5,393,917
1,149,774,547
$
3,067,989
10,667,907
731,894
Freight (tons) Moved . . .
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous Sources..
Total Gross Earnings..
Expanses and Taxes. . .
Net Traffic Earnings. . .
Interest
12,428,112
8,109,514
14,467,790
11,215,914
16.851,690
12,240,259
16.915,121
13,330,926
16,661,603
14,051,274
18.965.805
12,0«5,367
12.806,<60
9,881,91
4,318,598
2,657,868
483,256
306,795
6.398 65
4,175 21
2,223 44
65.25 p. c.
2.398 c.
0.862c.
8,251,847
3,-t47,«28
1,009,079
1,329,918
5,511 98
4,273 07
1,238 91
77. 52 p. c.
2.238C.
0.928 C.
4,611,431
4,302,006
987,608
3,584.195
4,786,094
1,144,453
2,610.329
2,727,348
828,244
1,899,938
902,779
598,100
3,038,137
786,090
433,615
Kentals
Dividends Declared
Gross Earnings per Mile.
Grocs Expense^ p. Mile.
Net Earnings per Mile. .
Expenses t" Earnings. ..
Average p. Pass. p. Mile.
Average p. Ton p. Mile.
4,954 05
3,508 38
1.355 67
72. 64 p. c.
2.373 c.
0.951 c.
4,778 29
3,765 79
1.012 50
72. 64 p. c.
2.498c.
0.948 c.
4,650 83
3,922 20
728 63
84.33 p. c.
2.366c.
0.857C.
5,024 54
4,340 97
683 57
86.39 p. c.
2.314C.
0.802C.
5,»J1 69
4,477 13
1,354 56
76. 77 p. c.
S.186C.
0.818C.
POOR'S MANUAL — WABASH, ST. LOUIS AND PACIFIC RY.
547
Net earnings (23.23 per ceut.), $2,974.606 09. Add rentals and other receipts, $63,501.05
— total, $3,038,137.14. Payments: Rentals leased lines, etc., $433,614.95 ; interest on funded
debt, $786,090.29; other charges, $597,922.05— total, $1,817,627.29. Balance, surplus, $1,-
220,509 85 ; deficit from last year, $6,095,747.38, leaving deficit, as per balance sheet, $4,909,-
184.96.
Out of surplus of year 1880 a quarterly dividend of !$• Per cent, on preferred stock was
paid February 10, 1881, $306,795 ; and during the year 1881, further dividends on the pre-
ferred stock, as follows : May 15, 1^ per cent. ; August 15, 1| Per cent. ; and November 15,
l£ per cent.
Balance Sheet, December 31, 1886.
Cost of Road, Equipment, etc $118,732,889 62
Sundry Securities Owned 9,710,970 07
Supplies and Materials on Hand 481,395 03
Sundry Stocks and Bonds for Exchange. 1,861,802 28
Current Accounts 932,608 61
Cash on Hand 821,474 91
ProfitandLoss 4,909,13496
Common Stock $28.404,400 00
Preferred Stock 24,222,400 00— $52,626,800 00
Bonded Debt 80,762,009 37
Current Accounts 2, 44,213 27
Interest Due and Accrued 1,144,05349
Receivers' Certificates 1.337,804 00
Total Assets $138,014,880 13 Total Liabilities $138,014,880 13
The preferred stock is entitled to dividends not exceeding 7 per cent, non-cumulative,
and is also entitled to share pro rata with the common stock in any dividend exceeding 7 per
cent, on the whole stock of the company, preferred and common.
Interest accrued since appointment of receivers, but not entered on their books or paid,
$10,644,658.88, not included in above liabilities.
Statement showing mortgages outstanding December 31, 1886, on lines east of the Mis-
sissippi Hiver still operated by receiver :
PROPERTY MORTGAGED.
Miles.
Date of
Mortgage.
When
Due.
Out-
standing.
Interest
Per Cent.
Annual
Charge.
Toledo & Illinois...
L. Er.,Wab. & St. L
Great West, of 1859
Illinois &So. Iowa.
Quincy & Toledo. . .
Dec. & E. St. Louis
G. W., west of Dec.
Toledo & Wabash..
Wabash & Western
Gr. Western of 1859.
Tol., Wab.& West'n
Wabash Railway. . .
Wab.Ry.,H.&N.div
Wab. Ry. Scrip.Cer.
Wab. Ry., Sc. Cer. 1
Graduated j
Wab. Ry., Fund. I
Debt Bonds.... j
Wab. Ry., Fund. )
Debt Bonds.... J
W.. St. L. & Pac. )
Ry. Chic. Div.. f
1st Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
Tol . , O . , to Indiana Line
Ohio Line to 111. Line
75.5
166.1
180.7
29.1
•
33.6
108.5
Sept., 1853
Aug., 1853
May, 1863
March, 1862
May, 1865
June, 1869
Aug., 1890
Aug., 1890
May, 1888
Aug., 1882
Nov., 1890
Aug., 1889
900,000
2,500,000
2,496,000
300,000
500,000
2,700,000
2,000
7F. & A.
7 F. & A.
7 F. & A.
7F. & A.
7 M. & N.
7 F. & A.
$
63,000
175,000
174,720
21,000
35,000
189,000
Ind. Line to Meredosia and
Naples, 111
Clayton to Carthage, 111
Illinois River, opp. Meredo-
sia, to Clayton, 111
Decatur to East St. Louis,Ill
2d Mtge.
2d Mtge.
2d Mtge.
Consol.
Skg. F'd.
Mort.,
1879.
1st Mtge.
Tol., O., to Indiana Line... .
Ohio Line to 111. Line
Ind. Line to Meredosia and
Naples, 111
75.5
166.1
180.7
491
599.5
50.7
Sept., 1853
Oct., 1858
May, 1865
Feb., 1867
May, 1879
May, 1879
May, i893
May, 1893
May, 1893
Feb., 1907
April, 1909
June, 1909
Upon the
maturity of
the bonds
from which
the coupons
were
detached.
1907
1907
July, 1910
1,000,000
1,500,000
2,500,000
2,610,000
2,000,000
500,000
j- 477,200
J 552,150
1,402,000
578,500
4,500,000
7 M. & N.
7 M. & N.
7M. &N.
7Q. F..&C.
7 A. & O.
7 J. & D.
7F. &A.
6 F. & A-
7 F. & A.
6 F. & A.
5 J. & J.
70,000
105,000
175,000
182,700
140,000
35,000
33,304
33,129
98,140
34,710
225,000
On road as above, except De-
catur and E. St. L. Br'ch
subject to prior mtgs.
First on 6 miles, Carthage
to Elvat'ton, 111
On road as above, subject to
prior mtgs. Sinking Fund,
$25,000 per annum
Naples, 111., to the Missis-
sippi at East Hannibal
Secured by coupons depos-
ited in trust under funding
plan of Jan, 24, 1877 (mod-
ified July 18, 1877). The
amount Dec. 31, 1886, is . .
Int. 3 p. c. in 1878, 4 p. c. in
1879, 5 p. c. in 1880, 6 p. c.
in 1381. Secured as above.
The amount December 31,
1886, is
I
Secured in like manner as
the scrip certificates out-
standin"- Dec. 31, 1836
Int. graduated from 3 p. c.
in 1878 to 6 in 1881, and
bonds secured as the 7
p. c. Amount Dec. 1, 1886
Eflingham and Altamont,
111., to Streator, 111., and
Strawn to Chicago, 111
1st Mtge.
268.8
July, 1880
548
POOR'S MANUAL — WABASH, ST. LOUIS AND PACIFIC BY.
Joint obligations with the Missouri Pacific Railway Co. on account of the lease of the St. Louis
Bridge and the Tunnel Railroad. Dated July 1, 1881. Duration : existence of the lessor companies.
PBOPKBTT LEASKD.
LEASE OBLIGATIONS.
Amonntof
Principal.
Rate
oflnt.
When
Payable.
Total
Annual
Charge.
Bridge over the Mississippi
River, and the approaches
thereto in the cities of St.
Louis, Mo., and East St.
Louis, 111., and the tunnel
and railroad tracks in the
KIH! cities, and the lands,
tenements, hereditaments,
and appurtenances,owncd
and used by the lessor
companies, 2.1 miles.
Of which one half is t
The lessee companies jointly and severally agree to
pay as rent :
1st. The Interest and Principal, as the same shall
respectively fall due, of the $5,000,000 Bonds of the
St. Louis Bridge Company
$5,000,000
2,490,000
3,000,000
1.250,000
7
5
3
6
April and Oct.
Jan. and July.
Jan. and July.
$850,000
124,500
90,000
75,000
28,800
2,500
2d. Dividends on $2,490,000 1st Preferred Capital
Stock of the St. Louis Bridge Co., at the rate of $5
a share in each year for the three years ending Jan.
1, 1885, and thereafter at the rate of $6 a share in
Dividends on $3,000,000 2d Preferred Capital Stock
of the St. Louis Bridge Company, at the rate of $3
a share, in each year, the first half-yearly instal-
ment to be paid on the first day of July, 1884
Dividends on $1,250,000 Capital Stock of the Tunnel
Railroad of St. Louis, at the rate of $6 a share in
each year
3d All taxes and assessments
4th. The sum of $2,500 a year for contingent ex-
penses
Totals
$11,740,000
$«70,800
335,490
> be paid by the Wabash. St. Louis and Pacific Co. . .
The earnings of the bridge and tunnel are not included in the earnings of the W., St.
L. & P. By., but are applied to pay the rental, and have thus far been more than sufficient.
The roads east of the Mississippi River, with the exception of the Eel River, the De-
troit and Butler, the Attica and Covington, the Champaign and Southeastern (Champaign to
Sidney), the Springfield and Northwestern (Springfield to Havana), and the Peoria, Pekin
and Jacksonville RRs., are still operated under the receivership. The Eel River, the Detroit
and Butler, the Attica and Covington, and the Champaign and Southeastern, are operated by
the Wabash Western ; the Peoria, Pekin and Jacksonville, and the Springfield and Northwest-
ern, were leased in February, 1887, to the Chicago, Peoria and St. Louis Ry. Co. Suits have
been brought for foreclosure of several of ttoe above mortgages, and holders of Chicago
Division bonds have applied for possession of the road covered by that mortgage.
Statement showing mortgages outstanding December 31, 1886, on lines west of the Mis-
sissippi River, since taken out of the receivers' hands and now operated as the Wabash
"Western Ry. :
PROPERTY MORTGAGED.
Miles.
Date of
Mortgage.
When Due.
Outstand-
ing
Interest
per cent.
Annual
Charge.
W., St. L. & Pac., 1
R'l Est. Notes. . )
North Missouri
8t.L.,K. C. AN., 1
R.E.&Ry.Mig. I
St. L., K. C. & )
N., St. Charles >•
Bridge j
let Mtge.
1st Mtge.
1st and 2d
1st Mtge.
2d Mtge.
14 lots in Burlington, la.,
Principal of one note, $1,-
000, payable Sept. 1st of
each year
Sept., 1880
March, 1865
Sept., 1874
Oct., 1878
Sept., 1890
March, 1895
Sept., 1895
Oct., 1908
Oct., 1903
$
68,000
6,000,000
3,000,000
1,000,000
388,500
6 M. & S.
7 J. & J.
7M. & 8.
6 !A. & O.
7 A. & O.
S
4,080
420,000
210,000
60,000
27,195
St. Louis to Coatesville, and
Moberly to No. Mo. Jc.,
Mo
354.1
1st mtge. Union Depot to
Ferguson Jc., Mo., llf m.
all railroad south of No.
Market St., St. Louis, and
certain real estate, and a
2d mtge. oil the 354.1 miles
above
Bridge over the Missouri
River at St. Charles
St. L., K. C. <fej
N., St. Charles V
Bridge )
Bridge over the Missouri
River at St. Charles
POOR'S MANUAL— WABASH, ST. LOUIS AND PACIFIC BY.
549
Statement showing mortgages on roads surrendered up to December 31, 1886 :
PROPERTY MORTGAGED.
Miles.
Date of
Mortgage.
When Due.
Outstand-
ing.
Interest
per cent.
Animal
Charge.
Havana Div
1st Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
Pf. Mtge.
Champaign to Havana,
White Heath to Decatur,
111., and bridge at Havana.
Detroit, Mich., to Butler,
Ind
132.0
114.0
87.0
267.0
75.7
74.0
73.0
Dec. 1, 1880
July 1, 1881
June 1, 1881
Oct. 1, 1881
Dec., 1879
June, 1871
Jan., 1867
Dec. 1, 1910
July 1, 1921
June 1, 1921
Oct. 1, 1931
Jan., 1897
July, ;i891
Jan., 1887
1
1,167,000
2,052,000
2,000,000
3,857,000
300,000
275,000
1,000,000
340,900
23,509
2,350,000
264,000
2,256,000
2,250
6 J. & D.
6 J. & J.
6 J. & D.
5 J. ,i J.
7 J. & J.
7 J. &J.
7 J. & J.
7 J. & J.
$
69,780
111,180
120,000
192,850
21,000
19,250
70,000
23,863
Detroit Div
Indianapolis Div...
Cairo Div
Indianapolis to Peru, and
Michigan City to Laporte,
subject to prior mortgage
of $275,000, from Indian-
apolis to Peru
Danville to St. Francisville,
III., and Vinceiines, Ind.,
to Cairo, 111
Hav., Ran. & East..
Ind's., Peru & Chic.
Chic.,Cin.«fe Loui^v.
Cham., Hav. & West.
Havana Div., Scrip..
Omaha Div
West Lebanon to Leroy, 111.
Indianapolis to Peru. Ind...
Peru to La Porte, Ind
1st Mtge.
1st Mtge.
1st Mtge.
Elm Flats, Mo., to Council
Bluffs, la
143.0
21.5
143.5
Feb., 1879
July, 1879
Mar. 1, 1881
April, 1919
July, 1919
Mar. 1, 1921
7 A. & O.
6 F. & A.
6 M. &S.
164,500
15,840
135,240
Clarinda Branch
Iowa Division
Roseberry, Mo., Jto Clarin-
da, la
Keokuk, to Van Wert, la . .
Iowa Div. Scrip
Centv., Morav.&Alb
1st Mtge.
Relay, la., to Albia, la
24.0
Feb., 1880
Jan., 1920
400,000
6 J. & J.
64,000
The Havana Division and the Havana, Rantoul and Eastern were sold in September and
October, 1836, respectively, and were afterward purchased by the Illinois Central RR. Co. —
which see.
The Detroit Division (the Eel River and Detroit and Butler RRs.) is operated by the
Wabash and Western Co. as agent. The Cairo Division is now the Cairo, Vincennes and
Chicago, The Omaha Division was sold December 28, 1886, and reorganized as the Council
Bluffs and St. Louis Ry. The Indianapolis, Peru and Chicago, and the Chicago, Cincinnati
and Louisville were sold November 13, 1886, to the Lake Erie and Western.
The Iowa Division (Mo., la. and Neb.) has been reorganized as the Keokuk and Western.
The Centreville, Moravia and Albia is operated by a receiver in connection with the Keokuk
and Western.
The other lines that have gone out of the system are : the Toledo, Peoria and Western ;
the Quincy, Missouri and Pacific ; the Peoria, Pekin and Jacksonville, and the Springfield
and Northwestern (the latter two being now operated for the Purchasing Committee by the
Jacksonville Southeastern RR. under the name of the Chicago, Peoria and St. Louis), the
St. Louis, Jerseyville and Springfield (now St. Louis, Springfield and Alton), and the St.
Louis and St. Joseph. For statements of roads surrendered, see GENERAL INDEX.
Mortgages covering the entire system of the Wabash, St. Louis and Pacific Ry. Co.»
wiped out under reorganization plan :
PROPERTY MORTGAGED.
Miles.
Date of
Mortgage.
When
Due.
Out-
standing.
Interest.
Per Cent.
Annual
Charge.
W., St. L. & P. I
Ry., Gen. Mtge. (
W., St. L. & P. )
Ry., Coll. Tr. V
Bonds 1
The entire railroad, equip-
ment, etc., of the Wabash,
St. Louis, and Pacific Ry.
Co., subject to prior liens.
Total authorized issue,
$50 000,000
June, 1880
May 1, 1883
June, 1920
June 1, 1913
$
17,000,000
10,000,000
6 J. & D.
6M. & N.
$
1,020,000
600,000
Issued for floating debt.
These bonds were guaran-
teed by the St. Louis,Iron
Mtn. & So. RR. Co., and
in 1884 a mortgage for
$10,000,000 was executed
on the entire Wabash
property as security for
this guarantee. .
550 POOR'S MANUAL OF RAILROADS.
An order having been entered by the court directing the payment of interest on the sec-
tional first mortgages of those branches earning sufficient to pay interest, the receiver in
June, 1887, paid the coupons overdue since February 1, 1885, on the bonds secured by the
mortgages of the Lake Erie, Wabash and St. Louis, the first mortgage of the Great Western
of 1859, the Decatur and East St. Louis mortgage, the Illinois and Southern Iowa mortgage,
the Quincy and Toledo mortgage (excluding, however, such coupons of the above bonds as
have been funded), the funded debt bonds, and also six mouths' interest on scrip certificates
issued for unpaid coupons.
The Purchasing Committee has petitioned the court for control of the Chicago Division,
offering to pay compound interest for all overdue coupons.
RAILROADS OWNED OR LEASED BY THE WABASH WESTERN RY. Co.
BOONE COUNTY AND BOONVILLE RAILROAD.— Centralia, Mo., to Columbia, Mo., 21.80;
total track. 22.55 miles. Chartered as Boone County and Jefferson City, January 30, 1857 ; road opened October
29, 1868, and leased from completion at a rental of $21,000 a year to the North Missouri RR. Co. Sold under fore-
closure April 23, 1873, and reorganized under present name April 30, 1873. Leased to the St. L., K. C. & Northern
Ry. Co. May 1, 1875, for 28 years, at a rental of 7 per cent, on the bonded debt. Now operated by Wabash and
Western Ry. Co. Capital stock, $500,000, and 1st mortgage 7 per cent, bonds, $100,000i Interest payable May
and Novemoer. W. E. BUKR, President ; John Nickerson, Secretary and Treasurer, St. Louis, Mo.
BRUNSWICK AND CHILLICOTHE RAILROAD. -Brunswick, Mo., to Chillicothe, Mo., 38 ;
total track, 40.30 miles. Completed in 1872. Operated first by North Missouri RR. Co., then, from August 1, 1878.
under a 999 years' lease by the St. Louis, Kansas City and Northern Ry. Co. Rental : Interest on bonds at the
rate of 4 per cent, for 6 years, 6 per cent, for 19 years, and 8 per cent, for 3 years. Now operated by Wabash and
Western Ry. Co. Capital stock, $450,000, and bonds, $304,500. Interest payable February and August. B. W.
LEWIS, [^resident, St. Louis, Mo.; George M. Rice, Vice-President, Worcester, Mass. ; B. P. Burnham, Treasurer,
Saco, Me.: W. B. Corneau, Secretary, Brunswick, Mo.
DES MOINES NORTHWESTERN RAILROAD.— Waukee, la., to Fonda, la., 114.9 miles. Sid-
ings, etc., Smiles. Gauge, 3 ft. Rail,351bs. Originally the Des Moines, Ade) nnd Western, and reorganized in
October, 1880. Opened to Adel (7 miles) October 15, 1878 ; to Panora (28.5 miles) in 1879. In 1881 this Jine was
leased to the Wabash, St. Louis and Pacific Ry. Co., which extended it to its present terminus. Transferred to
Wabash and Western Ry. Co. April 1, 1887. Capital stock, $242,400 ; funded debt (1st mortgage 7 percent, bonds,
due July 1, 1899, $135,000 : 2d mongage 7 per cent, bonds, due July 1, 1879, $15,000;, $150,000 ; floating debt, $32,-
468.35; profit and loss, $17,616.49— total, $442,484.84. Per contra: Cost of road, $407,613.72; equipment, $34,-
829.83 ; due from agents and companies, $41.29. J. S. POLK, President; J. S. Clarkfon, Vice-President; J. S.
Rnnnells, Secretary, Des Moines, la.; D. S. H. Smith, Treasurer; James F. How, Assistant Secretary, St. Louis,
Mo.
EEL RIVER RAILROAD.— Logansport, Ind., to Butler, Ind., 93.90 ; total track,99.80 miles. Organ-
ized in 1871 as Detroit, Eel River and Illinois RR. Co., and road opened in 1874. Sold under foreclosure, July 6,
1877, and reorganized under present name December 10, 1877. Leased to W.. St. L. & P. Ry. Co. for 99 years from
September 1, 1879, at a rental equal to 3 per cent, for 2 years. 4 per cent, for 3 years, and 4i pe_r cent, yearly there-
after on the capital stock ; 7 per cent, on the bonded debt, and $1,200 a year for organization expenses. Divi-
dends paid by this company since its organization : In 1879— January 15, $2 per share ; October 6 and December
12, each $1 per share ; March, June, September and December, 1880, March ;md June, 1881, each $0.75 per share ;
September 5, 1881, 90 cts. per share ; December 5, 1881, to March 5, 1884, regular quarterly dividends of $1 per
share ; and on August 15, 1884, $1 per share. Operated by the Wabash and Western Ry. Co. Capital stock, $2,-
792,000. ELIJAU SMITH, President, New York, N. Y.; P. W. Smith, Secretary and Treasurer, Boston, Mass.
ST. LOUIS, COUNCIL BLUFFS AND OMAHA RAILROAD.— Chillicothe, Mo., to Pattons-
btirg, Mo., 41.60 ; total track, 43.20 miles. Organized October 7, 1870 ; road opened in 1871, when it was leased to
the North Missouri RR. Co. Leased for 999» years from July 1, 1878, to St. L., K. C. & N. Ry. Co. at 4 per cent,
for 5 years, and 6 per cent, thereafter, on the Co.'s capital stock of ($15,048 08 p. m.), $626,000. Now operated by
Wabash and Western Ry . Co. J. R. LIONBERGK.R, President, St. Louis, Mo. ; A. L. Hopkins, Vice-President, New
York City ; James F. How, Treasurer and SecretatT/, St. Louis, Mo.
ST. LOUIS, OTTUMWA AND CEDAR RAPIDS RAILROAD.-Coatesville, Mo., to Ot-
tnmwa, la., 41.60 ; total. 46.22 miles. Originally the St. Louis and Cedar Rapids RR. Co. Sold under foreclosure
in 1874, and reorganized under present name. Leased for 22 years from October 1, 1875, to St. L., K. C. & N. Ry.
Co.; rental, $22,575 per annum, equal to bond interest. Now operated by Wabash and Western Ry. Co. Capital
stock, 600.000 ; and funded debt, 1st mortgage 7 per cent. 20-year bonds, dated October 1, 1875, interest payable
April and October, $322,500. Lessee owns $528,000 of the stock. J. H. SCUDDER, Pi-esident ; J. R. Lionberger,
Vice- President ; E. P. Curtis, Treasurer, St. Louis, Mo.,1 Joseph Sloan, Secretary, Ottumwa, 111.; W. A. McGrew,
Atristant Treasurer, St. Louis, Mo.
Board of Directors Wabash Western Ry. Co., elected 1887.
A. A.Tnlmage St. Lonis, Mo.
E. H. Nichols Springfield. 111.
E. T. Welles Hartford, Ct.
R. S. Elmer New York. N. Y.
Tho*. H. Hubbard.New York, N. Y.
O. D. Ashley New York, N. Y.
Cyrus J. Lawrence.New York, N. Y.
O. D. ASHLEY, President New York, N. Y.
Edgar T. Welles, Vice- President New York, N. Y.
A. A. Talmage, 2d Vice-President and General Manager St. Louis, Mo.
Secretary and Treasurer— James F. riow .St. Louis, Mo. | Auditor— D. B. Howard St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS Equit. Bldg., 6th & Locust Sts., St. Louis, Mo.
New York Office 195 Broadway.
OKFtcERs OPERATING WABASH RY.— LINES EAST OP MISSISSIPPI.
JOHK McNrjLTA, Receiver Chicago, 111.
Treasurer— W. B. Corneau Chicago, 111. I Auditor— Morris Trnmbnll. . . . .Chicago, El.
General Superintendent— K.. H. Wade Chicago, HI.
GENERAL OFFICE AND ADDRESs.Rialto Bldg., Pac. Ave. & Van Buren St., Chic., 111.
POOR'S MANUAL OP RAILROADS.
WEST BRANCH AND MOORESTOWN RAILROAD COMPANY.
551
Line of Road. — Moorestown, Mich., to Muskegon River, Mich 10.50 miles.
Sidings, etc., 0.70 mile. Gauge, 3 ft. Rail, 20 Ibs. per yard.
History.— Chartered February 20, 1882 ; opened July, 1882. This road is used entirely
for lumbering operations.
Rolling Stock. — Locomotive engines, 2. Logging cars, 20.
Operations for the year ending December 31, 1886. — Miles run by freight trains, 18,060.
Tons of freight moved, 46,804; moved one mile, 491,442. Earnings, freight, $17,551.58.
Expenses — maintenance of way, $3,125.80 ; rolling stock, $5,5(30 ; transportation, $4,240.50 ;
general expenses, $3,455.10— total, $16,381.40. Net earnings, $1,170.18. Paid rental of
cars, $300. Surplus, $870.18 ; surplus from last year. $417.22— total surplus, $1,317.40.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $35,000; current
accounts, $3,765.51 ; profit and loss, $1,317.60 — total, representing cost of road anl equip-
ment, $40,083.11.
Annual meeting, last Tuesday in February.
Directors. — John Torrent, H. 0. Lange, W. S. Hofstra, John Lynch, D. D. Erwin,
Muskegon, Mich.
JOHN TORRENT, President Muskegon, Mich.
H. 0. Lange, Vice-President Muskegon, Mich.
Sec. and Treas.—W. S. Hofstra Muakegon, Mich. | General Manager— John Lynch Muskegon, Mich.
PRINCIPAL OFFICE AND ADDRESS Muskegon, Mich.
WHEELING AND LAKE ERIE RAILWAY COMPANY.
Main Line of Road. — Toledo, O., to Bowerstown, 0 175.0
Huron Branch : Norwalk Junction to Huron, 0 12.5 — 187.5 miles.
Sidings, 27.50 miles. Gauge, 4 ft. 8| in. Rail (steel, 200 miles), 56 Ibs.
History. — Chartered under name of Wheeling and Lake Erie Railroad Company, April
1, 1871, with a capital stock of $500,000, to build a line of railroad from Wheeling, W. Va.,
to Toledo, O., a distance of 215 miles. Subsequently the stock was increased to $1,000,000,
to $4,000,000 and to $8,700,000. In 1874 and the two succeeding years considerable prelimi-
nary work was done. In 1877 the Huron branch was built as a narrow-gauge road, and put
in operation by the contractor. In 1878 the road was placed in the hands of a receiver. To
provide the means for the construction of the line the stockholders authorized, October 1,
1879, an issue of $3,500,000 1st mortgage bonds, and at the same time reduced the capital
stock to $5,250,000. In 1880, the company having been fully reorganized, the work of con-
struction was resumed, and the road was opened throughout in December, 1885. In the re-
construction of the road its gauge was made of standard width throughout. For progress
of construction see MANUAL for 1886, page 300.
In 1883 default was made in the payment of interest on bonds, and in July, 1884, suit
was brought for foreclosure. On January 13, 1886, a decree of sale was entered, under
which the road was fold April 23, 1886, to the trustees acting for a committee of reorganiza-
tion. On July 1, 1886, the road was taken out of the receivers' hands and turned over to the
present company, organized June 25, 1886.
Rolling Stock, December 31, 1886. — Locomotive engines, 31. Cars — passenger, 15; bag-
gage, mail, and express, 7 ; freight (box, 482 ; stock, 50 ; platform, 140 ; coal, 1,890), 2,562;
caboose, 13 ; other, 5 — total, 2,602. Of the above the following has been acquired through
car trust : Locomotive engines, 6 ; coal cars, 500. And the following by lease : Box cars,
100 ; coal cars, 300. This company owns, in addition to above described equipment, one-
third interest in the Pittsburgh and Toledo Dispatch, operating under car trust 500 box and
500 coal cars.
Operations for year ending December 31, 1886. — Train mileage not reported. Passen-
552 POOR'S MANUAL OF RAILROADS.
gers carried, 258,123; carried one mile, 5,300,818; average mile rate, 2.20 cents. Tons
freight moved, 1,062,590 ; moved one mile, 93,873,353 ; average ton-mile rate, 0.47 cent.
Earnings —Passenger $116,46887
Freight 445,03773
Mall and Express 16,244 88
Miscellaneous 10,347 78
Total ($3,136.52 per mile) $588,099 26
Expenses.— Transportation $115,709 04
Motive Power and Cars 167.982 49
Maintenance of Way 93,670 96
General 81,533 52
Total ($2,447.92 per mile) . . . . : $458,986 01
Net earnings (21-95 per cent.), $129,113.25.
Income Account (July 1, to December 31, 1886).— Receipts : Net earnings, $84,401.59;
interest and dividends, $712.11— total, $85,113.70. Payments : Interest on bonds, $45,873.13.
Balance, surplus, $39,240.57.
General Balance SIteet, December 31, 1886.
Cost of Road, Equipment, etc. $6,139,081 25
Stocks and Bonds Owned 222,60000
Materials and Fuel on Hand 19,196 89
Current Accounts 148,215 80
Cash on Hand 94,02754
Total Assets $6,618,121 48
Capital Stock (par, $100) $3,513,400 00
Funded Debt Outstanding 2,716,000 00
Bills Payable 15,000 00
Current Accounts 132,80701
Equipment Contracts. 167,811 40
Accrued Interest on Bonds 33,862 50
Profit and Loss 39,24057
Total Liabilities $6,618,121 48
Funded debt consists of 1st mortgage 5 per cent. 40-year $1,000 gold coupon or regis-
tered bonds, dated October 1, 1886, interest payable April and October at New York, N. Y.
Total amount bonds authorized, $3,000,000 ; total amount stock authorized, $3,600,GOO.
Annual meeting, first Tuesday in February, books close 15 days prior to annual meeting
and stock held then is entitled to vote. Trustee of bonds : Mercantile Trust Co., New York,
N. Y. Eegistrar of stock, E. B. Allen, Secretary, Toledo, 0. Stock and bonds listed on the
New York Stock Exchange.
TOLEDO BELT RAILWAY.— Organized in 1883 to build four miles of road in the city of Toledo ;
two miles have been in operation for the past three years, and work is progressing on the uncompleted portion.
Capital stock outstanding (authorized $300,000— par value, $100), $22,000, all owned by the Wheeling and Lake
Erie RR. Co.
WHEELING AND LAKE ERIE BRIDGE.— Across Maumee River at Toledo. O. Chartered
April 22, 1881 ; bridge opened in November, 1882. Capital stock, §300.000 : funded debt, 1st mortgage 6 per cent.
30-year gold bonds, dated October 1, 1881, interest payable April and October, $300,000— total, $600,000. Owned
by the Wheeling and Lake Erie RR. Co.
Board of Directors W. & L. E. RR. Co., elected February 1, 1887.
George J. Forrest.. New York. N. Y. I Melville C. Day. . . .New York, N. Y. | M. D. Woodford Toledo, O.
S. C. Reynolds Toledo, O. ! Daniel E. Garrison St. Louis. Mo. ! George W. Davis Toledo, O.
JohnG. Warwick Massillon, O.
GEOKGE J. FORREST, President New York, N. Y.
Daniel E. Garrison, Vice President. St. Louis, Mo.
Cashier and. Paymaster— A. H. Thorp Tol.-do, O. Secretary— E. B. Allen Toledo, O.
General Manager— M. D. Woodford Toledo, O.
Auditor— S. H. Ayres Toledo, O.
PRINCIPAL OFFICE AND ADDRESS Toledo, O.
Transfer Office New York, N. Y.
WHITE WATER RAILROAD COMPANY.
Lines of Road. — Harrison, Ind., to Hagerstown, Ind 63 miles.
Sidings, etc.. 3.02 miles. Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History.— Reorganization (May 27, 1878) of the White Water Valley RR. Co., which
company's road was Bold under foieclosure May 2, 1878.
Rolling Stock. — Locomotive engines, 5. Carp — passenger, 6; baggage, mail and express,
2 ; freight (box, 70 ; stock, 30 ; platform, 30; coal, 4-wh., 30), 160— total, 1G8.
Operations for year ending April 30, 1887. — Not reported. Grogs earnings, $95,567.41 ;
expenses, $90,068.95 ; net earnings, $5,498.46.
Financial Statement, May 1, 1887.— Capital stock — common, $975,000 ; preferred, $325,-
000 ; bills payable, $19,120 ; accounts, $7,247.23; profit and loss, $21,185.15— total, $1,347,-
POOR'S MANUAL OF RAILROADS. 553
552.38. Per contra : Construction, $1,227,260 ; equipment, $56,072.16 ; real estate, $6,397.52 ;
stocks and bonds, $57.740 ; cash on hand, $82.70— total, $1,347,553.38.
Directors (elected [third Wednesday] May 18, 1887).— Edmund Dwigbt, S. W. Richard-
son, C. William Loring, Joseph S. Fay, Jr., Henry Parkman, Elijah Smith, Boston, Mass.;
Charles W. Short, John J. Emery, Robert L. Read, Cincinnati, O.
ELIJAH SMITH, President and General Manager .Boston, Mas?.
Secretary and Treasurer— H. Parkman. .Boston, Mass. | General Supt.—W. W. Worthington . . .Ft. Wayne, Ind.
PKINCIPAL OFFICE AND ADDRESS Connersville, Ind.
Financial Agency Sears' Building, Boston, Mass.
WISCONSIN, PITTSVILLE AND SUPERIOR RAILROAD COMPANY.
Main Line of Road.— Dexterville Junction, Wis., to Pittsville, Wis. .10.00
oers Branch : Pittsville Junction, Wis.. to Vespers. Wis 10.58
Leased : M., D. & N. RR.: Dexterville to Newtown. 15.00—35.58 miles.
Sidings, etc., 2 miles. Gauge, 4 ft. 8J in. Rail, 60 Ibs.
History.— Chartered in September, 1882. Road opened October 20, 1883.
Rolling Stock. — Locomotive engines (owned, 1 ; leased, 2), 3. Cars — passenger (leased),
2 ; freight, 10 ; also 10 other cars.
Operations for year ending June 30, 1886.— Trains run (freight, etc.), 22,000 miles. Total
engine service, 25.000 miles. Tons freight moved, 25,353; moved one mile, 397,190 ; average
rate per mile, 8.78 cents. Earnings— passenger, $1,573.51 ; freight, $34,884.24 ; mail, ex-
press and other, $956.66— total, $37,414.41. Operating expenses, $21,070.42. Net earnings,
$16,343.99. Payments : Interest on bonds, $3,607.63 ; rentals of leased lines, $2,680.00 ; con-
struction, equipment, etc., $9,924.55— total, $16,212.18. Surplus, $131.81.
Financial Statement, June 30, 1886.— Capital stock, $69,500 ; funded debt, 1st mortgage
8 per cent. 21-year coupon $1;000 bonds, due November, 1904, $100,000. Cost of road and
equipment, $203,054.46. No other details reported.
Annual meeting, Tuesday after first Monday in September. Trustee of bonds, Stephen
Clement, Milwaukee, Wis.
Directors. — James Hiles, Samuel Hiles, C. O. Baker, Dexterville, Wis. ; W. G. Collins,
Geo. Hiles, Milwaukee, Wis.
GEORGE HILES, President and Treasurer Milwaukee, Wis.
Vice-President— W. G. Collins Milwaukee, Wis. | Secretary— C. O. Baker Dexterville, Wis.
PRINCIPAL OFFICE AND ADDRESS Dexterville, Wis.
ZANESVLLLE AND OHIO RIVER RAILWAY COMPANY.
Line of Projected Road. — Zanesville, 0., to Harmar (opp. Marietta), O 80 miles.
Gauge, 4 ft. 8| in. Rail (steel), 56 Ibs.
History. — Chartered January 16, 1883, under the title of Zanesville, McConnellsville and
Poineroy Ry. Co., to build a railroad from Zanesville, O., down the left bank of the Musk-
ingum River to its confluence with the Ohio. Name changed to Chicago, Zanesville & Atlantic
Ry. Co. May 11, 1885, and, later in the same year, to Zanesville and Ohio River Ry. Co. Road
completed from Zanesville to Malta, 27 miles, in November, 1886, and to Stockport, 40 miles,
early in 1887. Grading now (June, 1887) completed to Beverly, 20 miles beyond Stockport,
and in progress to Marietta, 20 miles additional. Line to be finished to Beverly by August 15,
1887, and to Marietta by December, 1887. Road to be worked by contractor until final comple-
tion. Extensions and spurs to mines, etc., are projected or under construction. Equipment
now (June, 1887) consists of 4 locomotives, 4 passenger cars, 1 baggage car, 20 flat and 10 box
cars; also 10 leased box cars. Large additions to this equipment have been contracted for.
Financial Statement.— Capital stock, $2,000,000; funded debt, $2,000,000 first mortgage
sinking fund 6 per cent. 30-year coupon $1,000 gold bonds, dated February 1, 1886, interest
payable February and August in New York. The sinking fund is payable annually on the
554 POOR'S MANUAL OF RAILROADS.
1st days of February, as follows: $10,000 each in 1891, 1892 and 1893 ; $15,000 each in 1894,
1895 and 1896 ; $20,000 in 1897 ; $25,000 in 1898; $30,000 in 1899, 1900 and 1901 ; $40,000
in 1902, 1903 and 1904 ; $50,000 in 1905 and 1906 ; $60,000 in 1907 ; $70,000 in 1908, and
$75,000 per annum thereafter to maturity. These amounts are to be applied yearly to the
purchase of bonds at not above par and accrued interest, if they can be bought in the open
market upon these terms ; otherwise the funds will be invested for the benefit of the sinking
fund. Trustee, Mercantile Trust Co., New York.
Directors. — James Buckingham, Wm. A. Graham, Perry Wiles, Wm. S. Harlan, Francis
Wedge, John W. Piukerton, Edward A. Green, Zanesville, O.; E. M. Stanabery, McConnells-
ville, 0.; James Whitehouse, Philadelphia, Pa.; C. L. Horton, Bronson Peck, Jr., R. B.
Ames, W. S. Latting, New York, N. Y.
JAMES BUCKINGHAM, President Zanesville, 0.
Secretary— -W '. S. Harlan Zanesville, O. | Treasurer— I). B. Hatch New York, N. Y.
Edward A. Green, Chief Eng. and Gen. Man. in charge of construction Zanesville, O.
PRINCIPAL OFFICE AND ADDRESS Zanesville, O.
Financial and. Transfer Agency H. B. Hollins & Co., New York, N. Y.
Statement of Railroads in Group 3 received too late for insertion in their proper places.
CAIRO, VINCENNES AND CHICAGO LINE.
The following has been received since the statement on page 362 was printed.
Operations for year ending April 30, 1887. — Train mileage, 726,877. Passengers carried,
270,811; carried one mile, 5,787,035 ; average mile rate, 2.62 cents. Tons of freight moved,
350,322 ; moved one mile, 53,106,082 ; average ton-mile rate, 0.87 cent. Earnings — passen-
ger, $156,774.49 ; freight, $518,878.30 ; mail. $16,646.21 ; express, $18,365.28-total, $710,-
664.28. Operating expenses, $489,510.74 ; taxes, $46,768.20 ; rental, $13,121.78— total, $549,-
400.72. Net. earnings (22.68 per cent.), $161,263.56.
Financial Statement, April 30, 1887. — Receivers' certificates, $666,167.67 ; current liabili-
ties, $109,432.79 ; accrued interest, $2,728.23 ; disputed claims, $12,454.66 ; income ($235,-
882.31, less interest on receivers' certificates, $49,730.73), $186,151.58— total, $976,934.93.
Contra : Reconstruction and new equipment, $820,847.86 ; taxes for 1884, $52,374.73 ; equip-
ment destroyed, $645.60 ; legal expenses, $2,702.54 ; supplies on hand, $24,152.62 ; cash and
cash item?, $76,211.58— total, $976,934.93.
CHICAGO, EVANSTON AND LAKE SUPERIOR RAILWAY COMPANY.
Line of Road.— Chicago, 111., to Evanston, 111 12.6 miles.
Sidings, 10.25 ; 2d track, 12.6 miles. Gauge, 4 ft. 8£ in. Rail (all steel), 60 Ibs.
History.— The Chicago and Evanston RR. Co. was chartered February 16, 1861, and built
the road from Chicago to Calvary, 10.8 miles, opening it May 1, 1885. Consolidated with the
Chicago and Lake Superior RR. Co., under the present title, December 22, 1885. Road opened
to Evanston August 1, 1886. The road has been purchased by the Chicago, Milwaukee and
St. Paul Ry. Co., that company at its annual meeting in June, 1887. authorizing an issue of
$10,000,000 stock, of which $3,000,000 was for the purchase of this road.
Financial Statement.— Capital stock, $2,500,000 ; funded debt, $1,000,000. Funded debt
consists of first mortgage ($5,000,000 authorized), 6 per cent. 30-year $1,000 coupon bonds,
due January 1, 1916, interest payable January and July in New York. The bonds are all
held in the treasury of the Chicago, Milwaukee and St. Paul Ry. Co. Trustee of bonds and
registrar of stock, Farmers' Loan and Trust Co., New York, N. Y.
Directors (elected June 14, 1886).— J. C. Easton, La Crosse, Wis.; Julius Wadsworth,
New York, N. Y.; E. Walker, Philip Wadsworth, T. W. Wadsworth, Chicago, III.
J. C. EASTON, President La Crosse, Wis.
Secretary and Treat.-T. W. Wadsworth. ..Chicago, HI. | General SwpJ.-Philip Wadsworth Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
POOR'S MANUAL OF EAILROADS. 555
CINCINNATI, HOCKING VALLEY AND HUNTINGTON RAILROAD CO.
Line of Road. — Kingston, O., to Adelphi, 0 10 miles.
Sidings, 1 mile. Gauge, 4 ft. 8J in. Rail (steel, 10 miles), 35 and 40 Ibs.
History. — The Cincinnati and Fayetteville RR. Co. was chartered April 24, 1887, to
build a line of road from Cincinnati to Fayetteville, Ohio, passing through the counties of
Hamilton, Clermont and Brown. Capital stock, $350,000. Charter amended May 31, 1878,
making eastern terminus Nelsonville in Athens County — the extension running through
Brown, Highland, Clinton, Ross, Hocking and Athens Counties — and increasing stock to
$750,000. On April 6, 1880, the name was changed to the Cincinnati, Fayetteville, Hills-
borough and Huntington RR. Co., and on June 26, 1880, the stock was increased to $5,250,000.
lu October, 1880, a contract was made for the construction of the line from its junction with
the Cincinnati and Eastern Ry. to Nelsonville, and considerable preliminary work was done.
About this time the contractor became embarrassed, and in October, 1882, the directors sold
that portion of the line, from its junction with the Cincinnati and Eastern Ry. eastward to
Hillsborough to a corporation which had been organized just previously under the name of
the Cincinnati, Atlantic and Columbus RR. Co. By that company 11 miles of line, from
Milford to Nelsonville in Clermont County, were completed. (No later information in refer-
ence to the Cincinnati, Atlantic and Columbus RR. Co. than that given on page 616 of last
MANUAL is obtainable. It is reported that the line has recently passed under the control of
the Cincinnati, Georgetown and Portsmouth RR. Co.) By the terms of the contract with the
Cincinnati, Atlantic and Columbus RR. Co. that company assumed all debts of the Cincinnati,
Hocking Valley and Huntington RR. Co., and was given the portion of line as above, that
being the only portion upon which work had at that time been executed.
Subsequently a contract was entered into for the construction of a section of the line
east of Hillsborough, under which the line from Adelphi to Kingston, as above, was com-
pleted and formally opened December 22, 1885. The project originally was for the construc-
tion of a narrow gauge line, but the plans have since been changed, and the above section
was completed of standard gauge. This section is operated by the contractor, John Karshuer,
who will control it until it shall have been paid for by the company.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; baggage, etc., 1.
Financial Statement.— Capital stock, $.1,250,000.
Directors (elected January 7, 1884). — H. T. Niles, East Toledo, O.; John Karshner,
Adelphi, 0.; Marcus Boggs, J. D. Mederia, J. C. Entrekin, Chillicothe, 0.; J. W. B. Sparger,
Bainbridge, O.; Charles Smith, Chancy, O.; H. C. Dawson, W. H. Gregg, Hillsborough, 0.
MARCUS BOGGS, President . Chillicothe, O.
Secretary— Eobert Swinehart . Adelphi, O. | Treasurer— T. G. McKell Chillicothe, O.
Superintendent— John Karshner Adelphi, O.
PRINCIPAL OFFICE AND ADDRESS Chillicothe, 0.
CINCINNATI, WABASH AND MICHIGAN RAILWAY COMPANY.
Main Line of Road. — Benton Harbor, Mich., to Anderson, Ind 164.40 miles.
Sidings and other tracks, 6.70 miles. Gauge, 4 ft. 8^ in. Rail (steel, 115 miles), 52 Ibs.
History.— Consolidation June 18, 1871 (under the name of the C., W. and M. RR.), of the
Warsaw, Go.^hen and White Pigeon, and the Grand Rapids, Wabash and Cincinnati RR. Cos.
Road opened between Anderson, Ind., and Goshen, Ind., 110.70 miles, May 21, 1876. Placed
in the hands of trustees for the common account of bondholders January 1, 1878. Sold No-
vember 5, 1879, and reorganized under present title April 14, 1880. Road extended to Ben-
ton Harbor, and opened to that point November 13, 1882. By the terms of reorganization the
capital stock of the company was fixed at $3,000,000, and each bondholder, upon surrendering
all bonds and coupons up to November 5, 1879, was to receive 70 per -cent, of their value in
stock. Of the $2,000,000 of bonds outstanding, $1,880,000 with accompanying coupons, had
been surrendered to the company up to January 1, 1883, and $1,944,500 of stock issued in
exchange therefor. During 1885 this company entered into a traffic arrangement with the
556 POOR'S MANUAL OP RAILROADS.
Cleveland, Colambus, Cincinnati and Indianapolis RR. Co., under which it secures the right
to use that company's track between Anderson and Indianapolis, 50 miles.
Rolling Stock. — Locomotive engines, 17. Cars— passenger, 10 ; baggage, etc., 5 ; freight
(box, 286 ; stock, 16 ; platform, 150 ; coal, 31 ; caboose, 6), 489— total, 504. Also, 2 other cars.
Operations for year ending December 31, 1886. — Train mileage — passenger, 255,389 ;
freight, 201,235 — total, 456,624 miles. Passengers carried, 253,281 ; carried one mile, 2,298,-
968 ; average mile rate, 2.50 cents. Tons freight moved, 261,679 ; moved one mile, 15,699,141;
average ton-mile rate, 1.321 cents. Earnings— passenger, $158,725.64; freight, $207,319.98;
mail and express, $14,769.88 ; other, $8,323.88— total ($2,367.03 per mile), $389,130.38. Ex.
penses— maintenance of way, $94,842.69 ; rolling stock, $34,039.50 ; transportation, $109,-
963.83; miscellaneous, $51,889.10— total ($1,768.46 per mile), $290,735.12. Net earnings
($25.29 per cent.), $98,404.26.
Financial Statement, December 31, 1886.— Capital stock (par, $100), $2,044,158.76 ; bills
payable, $813.279.29 ; accounts, $71,130.60 ; profit and loss, $194,631.60— total, $3,123,200.25.
Per contra: construction and equipment, $2,956,116.96; materials and fuel, $32,630.125
accounts, $15,806.12 ; uncollected earnings, $15,251.69 ; cash, $3,867.46.
Annual meeting, second Wednesday in April.
Directors (April 13, 1887).— J. H. Wade, William Bingham, R. E. Mix, F. W. Pelton,
H. B. Payne, W. S. Jones, C. P. Leland, Cleveland, 0.; N. Beckley, Elkhart, Ind.; John
Newell, Chicago, 111. ; Henry S. Ives, George H. Stayner, New York, N. Y.
J. H. WADE, President Cleveland, 0.
William Bingham, Vice-President Cleveland, 0.
Treasurer and Secretary— W. S. Jones.... C'leveland O. | General Manager— ^. Beckley Elkhart, Ind.
Auditor— ft. D. Wheelock Elkhart, Ind.
PRINCIPAL OFFICE AND ADDRESS Elkhart, Ind.
Transfer Office . . Cleveland, O.
CINCINNATI, WASHINGTON AND BALTIMORE RAILROAD COMPANY.
Main Line of Road.— Cincinnati, O. , to Belpre, 0 192.90 miles.
Marietta Branch : Marietta, 0., to Belpre, 0 11.10
Portsmouth Branch : Portsmouth, O., to Hamden, 0 55.40
Sillsboro' Branch : Blanchester, 0., to Hillsboro', 0 21.40— 87.90 miles.
Total length of lines December 31, 1886 280.80 miles.
3d track, 9.2 ; sidings, 49.5 miles. Gauge, 4 ft. 8£ in. Rail (steel, 192.9 miles), 60 Ibs.
History. — This company is a reorganization, February 7, 1888, of the Marietta and Cin-
cinnati RR. Co. (See MANUAL for 1885, page 529.) In the reorganization the Cincinnati and
Baltimore and the Baltimore Short Line Railways, formerly leased by the old corporation,
were purchased by this company.
By the reorganization the capital stock was placed at $21,000,000— $13,750,000 preferred
and $7,250,000 common, the latter to be entitled to dividends at a rate not to exceed 6 per
cent, from any excess of net earnings after the payment of a dividend of 6 per cent, upon the
preferred stock, and the two stocks to share alike in any surplus after payment of both
dividends.
Rolling Stock. — Locomotive engines, 69. Cars — passenger, 41 ; combination, 5 ; bag-
gage, mail and express, 15; freight (box, 962 ; stock, 147 ; coal, 767 ; flat, 119 ; gondola, 59;
caboose, 43; lime, 14; refrigerator, 10; oil tank, 4), 2,125; service, 7— total, 2,193. There
are also 50 leased refrigerator cars.
Operations for year ending December 31, 1886. — Train mileage — passenger, 881,067;
freight, 1,840,700; other, 24,900— total, 2,746,667 miles. Passengers carried, 1,126,466. Tons
freight moved, 1,465,188.
Expenses.— Maintenance of Way, etc $312,350 81
Maintenance of Cars 59,171 79
Motive Power 359,801 23
Transportation 477,250 41
Miscellaneous 254,308 88
Total ($5,209.91 per mile) $1,462,943 12
— Paxeenger $533,796 75
Freight l,iJ42,693 28
Mall 95,060 04
Express 53,sn 47
Miscellaneous 85,039 88
Total ($7,159.57 per mile) $2,010,406 42
POOR'S MANUAL — CINCINNATI, WASHINGTON AND BALTIMORE RR. CO. 557
Net earnings (27.23 per cent.), $547,463.30. Add Central Union Depot dividend, $14,850 ;
interest, $865.24 — total available revenue, $563,178.54. Paid interest on bonds as follows : S.
& H. V. RR., $21,000 ; B. S. L. Ry., $52,500 ; C. &B. Ry., $35,000; C., W. & B. Ists, $342,075;
2ds, $152,000 ; 3ds, $68,100; prior lien bonds, $22,500— total, $693,175. Deficit, $129,996.46 ;
deficit from last year, $902,425.82 ; adjustment C.,C.,C. & I. rent account, $35,000.24— total,
$1,067,422.52. Deduct amount received in adjustment of sundry old accounts, $19,692.74.
Balance, deficit as per balance sheet, $1,047,729.78.
General Balance Sheet, December 31, 1886.
Railway and Appurtenances ($40,694,841.48) :
M. & C. Stock & Fl't'g Debt exchanged. $18,432,423 33
M. & C. 1st Mtge. Bonds and Coupons. . 4,548,543 79
M. & C. 2d Mt.ire. Bonds and Coupons. . 3,307,590 00
M. & C. 3d Mtge. Bonds aud Coupons. . 4,813,946 19
M. & C. 4th Mtge. Bonds and Coupons. . 4,000,000 00
8. & H. V. Mortgage Bonds Assumed . . 300,000 00
Cin. & Balto. Railway Purchase 1,748,000 00
Balto. Short Line Railway Purchase 2,133,550 00
Reorganization Expenses 154,246 86
Accrued Interest Warrants on New Bds . 655,860 70
Receiver's Liabilities, paid and Assumed 602,069 41
Discount on Prior Lien Bonds Sold 4,900 00
Additional Equipment 64,11120
In Farmers' L. & T. Co. for Exchange ($650,000) :
1st Mtge. Bonds Special Reservation .... 315,000 00
1st Mortgage 4^ per cent. Bonds 8,000 00
1st Mortgage 6 per cent. Bonds 1,000 00
2d Mortgage 5 per cent. Bonds 7,000 00
3d Mortgage 3 per cent. Bonds 33,000 00
1st Income Bonds 286,00000
New Equipment Account ($474,661.04) :
Expended to December 31, 1885 438,755 08
Expended in 1886 30,200 00
Balance Due from C. C. Co 4,800 00
On Deposit, R. Garrett & Sons 905 96
Central Union Depot Stock 37,500 00
1st Mortgage Bonds Marietta Mineral Ry.. 200,000 00
Materials and Supplies 74,918 34
Transportation Receipts 27,019 44
CashinBanks 56754
Cash in New York Agency to pay Coup. . . 95,287 50
Accounts due from other Railroads,'etc. . 70,066 66
Due from U. S. P. O. Dept. and Misc. Ac. 38,685 89
Balance on Current Accounts 512,476 86
Profit and Loss. . . 1,047,729 78
Capital Stock ($18,704,300) :
128,932 Shares Preferred Stock $12,893,200 00
68,111 Shares Common Stock 5,811.100 00
Funded Debt ($22,360,000) :
8. & H. V. Bonds assumed 600,000 00
Cin. and Balto. Bonds assumed 500,000 00
Balto. Short Line Bonds assumed 750,000 00
Prior Lien Bonds authorized 500,000 00
1st Mortgage 6 per cent, authorized 1,250,0(:0 00
1st Mortgage 4J per cent, authorized .... 6,250,000 00
2d Mortgage 5 per cent, authorized 3,040,000 00
3d Mortgage 3 per cent, authorized 2,270,000 00
1st Income Bonds, authorized 3,500,000 00
2d Income Bonds, authorized 4,000,000 00
1st Mortgage Bond Scrip outstanding. . . 5,693 79
2d Mortgage Bond Scrip outstanding . . . 5,393 33
3d Mortgage Bond Scrip outstanding . . . 14,862 86
1st Income Bond Scrip outstanding 148,005 00
Balance of Assess. Fund not distributed. . 96,942 37
Car Trust Warrants 56,609 16
Special Betterment Fund 14,170 00
Pay Rolls 79,697 94
Unpaid Coupons, S. & H. V. Bonds 385 00
Unpaid Coupons, Cin. and Balto. Bonds. . 18,060 CO
Unpaid Warrants, 1st Mortgage Bonds. . . . 136,710 00
Unpaid Coupons, 1st Mortgage Bonds 492,840 00
Unpaid Warrants, 2d Mortgage Bonds 466 64
Unpaid Coupons, 2d Mortgage Bonds 78,250 00
Unpaid Warrants, 3d Mortgage Bonds 1,425 00
Unpaid Coupons, 3d Mortgage Bonds 4,425 00
Unmatured Coupons on Bonds 98,887 50
Balto. and Ohio Guarantee Account 656,310 00
B & O. Supplies and Material furnished . 780,209 64
Accounts Payable for Supplies, etc 111,973 21
Taxes for 1886 24,588 93
Outstanding Drafts and Sundry Accounts. 27,749 16
Grand Total $43,923,754 53 Grand Total $43,923,754 53
Statement of operations, etc., for 4 years ending June 30, and 4 years ending Dec. 31 :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
280.80
804,400
1,554,200
683,371
823,296
9
1,513,599
1,323,820
280.80
774,800
1,905,200
761,234
1,083,224
$
2,020,534
1,578,047
280.80
795,200
1,907,300
743,350
1,132,247
$
2,120,404
1,917,93:1
280.80
915,300
1,172,200
940,271
931,993
$
1,729,352
1,441,91B
280.80
918.900
1,4SO,300
1,090,876
947,393
$
1,989,867
1,48<J,824
280.80
894,300
1,488,200
1,051,953
1,080,667
$
1,854,308
1,40S,371
280.80
811,400
1,706,700
961,300
1,258,932
$
1,705,271
1,464,830
280.80
881,067
1,840,700
1,126,466
1,465,188
$
2,010,406
1,462,943
Passenger Truin Miles
Freight* Mixed Train Miles
Passengers Carried
Tons Freight Moved
Gross Traffic Earnings
Transportation Expenses. . .
Net Traffic Earnings ....
189,770
331, 1«2
442,487
332,194
202,471
291,220
287,434
2S7,248
500,043
445,937
240,441
11,204
547,463
15,715
Available Revenue
d 141,422
3,&55 02
4,459 15
49587
87.04 p. c.
110,293
7.195 63
5,619 83
1,575 80
78.11 p. c.
d 88,749
7..351 29
6,830 25
72104
90.45 p. c.
186
6,158 66
5,13504
1,02362
83.38 p. c.
500,043
7,086 4J
5,305 64
1,78078
74.82 p. c.
445,937
6,603 06
5,015 57
1,588 09
75.95 p. c.
251.645
6,072 89
5,216 63
8T.6 26
85.90 p. c.
563,178
7,159 57
5,20991
1,949 66
72.77 p. c.
Gross Earnings per Mile....
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
553
POOR'S MANUAL OF RAILROADS.
The assumed bonds are those of lines which were purchased from time to time. All
other bonds were issued under the terms of the plan of reorganization of 1882, for full terms
of which see MANUAL for 1884, pages 536 and 537. The prior lien bonds were issued in ex-
change for receivers' indebtedness. The third mortgage bonds bear interest at 3 per cent,
for ten years and 4 per cent, thereafter. The income bonds are entitled to one vote at all
meetings of stockholders on every $100 of par thereof. Interest on incomes is payable if
earned. The 4^ per cent, mortgage gold bonds are guaranteed, principal and interest, by the
Baltimore and Ohio RR. Co. Bonds of all classes are $1,000 each and coupon with privilege
of registration.
Statement of funded debt, in detail, December 31, 1886 :
Date of —
Interest.
Description of Bonds, Property Mortgaged,
or Security Provided.
Amount
Aut'rized
Fixed
Annual
Interest.
Issue.
Maturity.
Rate.
When
Payable.
p. c.
S
$
Scioto & H. V. bds. ass'd
Portsm'th Branch,55.4m
Mar., 1885
Nov., 1889
7
M. & N.
300,000
21,000
Cin.ifc Bait. bds. asctim'd
Cin. to Junction, 5.8 m. .
Aug., 1870
Jan., 1900
7
J. & J.
500,000
35,000
Bait. S. L. bds. assumed
M. L. Jc.to Belpre, 30.3 m
Dec., 1874
Apl., 1893
7
J. & D.
750,000
52,500
Prior Lien gold bonds. .
Prior Lien mortgage
Mar. 31,1883 Apl. 1, 1893
4*
A. & 0.
500,000
22,500
1st mortgage gold bond?
J Secured by consoli-
Mar. 31,1883 Nov. 1, 1991
6
M. & N.
1,250,000
74,820
1st mortgage gold bonds
(_ dated mortgages in
Mar. 31,1883 Nov. 1, 1991
4+
M. & N.
6,250,000
265,365
2d mortgage gold bonds.
i order of rank upon
Mar. 31,1883 Nov. 1, 1991
5
J. & J.
3,040,000
151,100
3d mortgage gold bonds.
1st iucome,non-cum.g'ld
2d income, non-cum
) whole line.
(Income mortgages in
1 order of rank.
Mar. 31,1883
Mar. 31.1883
Mar. 31,1885
Nov. 1, 1991
Nov. 1, 1991
Nov. 1, 1991
3
5
5
F. & A.
2,270,000
3,500,0i«
4,000,000
65,640
Total
22,360,000
687,925
The amount of bonds given in above table represents the total amount authorized, of
which $650,000 are reserved in hands of Farmers' Loan and Trust Co., trustee, for special
purposes. See General Balance Sheet.
Directors C., W. & B. RR. (elected April 13, 1887).— Orland Smith, Judson Harmon,
W. W. Peabody, Josiah L. Keck, James D. Lehmer, Cincinnati, O.; Wm. T. McCliutick,
Chillicothe, 0.; Robert Garrett, Baltimore, Md.; E. R. Bacon, New York, N. Y. ; Fred.
Boughton, Chicago, 111.
ORLAND SMITH, President Cincinnati, O.
E. R. Bacon, Vice-President New York, N. Y.
General Manager— 3. H. Stewart Cincinnati, O. | Treasurer— W. E. Jones Cincinnati, O.
Secretary and Auditor— Charles F. Low Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
Transfer Office (Farmers' Loau and Trust Co.), New York City.
CLEVELAND AND WESTERN RAILROAD COMPANY.
Line of Road. — Delphos, 0., to Carey, 0 56 miles.
Sidings, 1.47 miles. Gauge, 3 feet. Rail, 35 Ibs.
History.— Organized August 3, 1886, as successor to the Toledo, Delphos and St. Louis
RR. Co., whose road was sold under foreclosure some time previously. The Toledo, Delphos
and St. Louis RR. Co. was chartered March 9, 1881, to build a railroad from Delphos, O., to
Cleveland. The road was opened from Delphos to Bluffton, 28.5 miles, May 22, 1882 ; ex-
tended to Blanchard, 17.5 miles, toward the close of the same year, and afterward extended
to Carey. A receiver was appointed in June, 1884, and the road was sold under foreclosure
October 7, 1885. Purchased by the bondholders, and conveyed by them to the present
company.
Rolling Stock.— Locomotive engines, 2. Cars— passenger, 2 ; baggage, etc., 2 ; freight
(box, 16 ; platform, 16), 32 ; other, 8— total cars, 44.
Operations for eight months ending June 30, 1886.— Passengers carried, 9,183 ; carried
POOR'S MANUAL OF RAILROADS. 559
one mile, 123,405. Tons freight moved, 7,960; moved one mile, 159,030. Earnings — pas-
senger, $3,557.15 ; freight, $6,548.72 ; mail and other, $2,617.65— total, $12,823.52. Operat-
ing expenses, $10,335.83. Net earnings, $3,487.69.
Directors. — William Semple, James Gallery, Pittsburgh, Pa.; A. W. Jones, Youngstown,
O. ; S. W. Straw, Carey, O. ; James Sample, Toledo, O.
WILLIAM SEMPLE, President Allegheny, Pa.
General Manager— Vf . C. Mobley Delphos, O. | Auditor— C. W. Risley Delphos, O.
PRINCIPAL OFFICE AND ADDRESS Delphos, 0.
COLUMBUS AND CINCINNATI MIDLAND RAILROAD COMPANY.
tine of Road. — Columbus, O., to Clinton Valley, 0 69. 0 miles.
Sidings, etc., 8.37 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.
History. — Chartered as Columbus and Cincinnati RR. Co. April 13, 1882. On November,
6, 1882, the name was changed by decree of the Court of Common Pleas of Fayette Co.,O., to
Columbus and Cincinnati Midland RR. Co. Road opened November 17, 1884. At Clinton
Valley connection is made for Cincinnati with the Cincinnati, Washington and Baltimore RR.
Rolling Stock, December 81, 1886. — Locomotive engines, 12. Cars — passenger, 9 ; bag-
gage, mail and express, 4 ; freight (platform), 167; caboose, 5 — total, 185.
Operations for year ending December 31, 1886. — Passengers carried, 182,139; carried
one mile, 4,979,869; average mile rate, 2.09 cents. Tons freight moved, 469,039; moved
one mile, 6,242,849; average ton-mile rate, 0.82 cent. Earnings — passenger, $103,939.69 ;
freight, $191,904.65; mail and express, $10,244.83; other, $14,170.41— total, $320,259.58.
Operating expenses and taxes, $207,463.11. Net earnings, $112,796.47; rental of Washing-
ton elevator, $300 — available revenue, $113,096.47. Paid rents, $15,000; interest on bonds,
$120,000 ; other interest, $461.18— total, $135,461.18. Deficit, $22,364.71. Surplus from
last year, $30,276.48— net surplus, $7,911.77.
Financial Statement, December 31, 1886.— Capital stock, $2,000,000; funded debt, 1st
mortgage 6 percent. 30-year $1,000 bonds, due January 1, 1914, interest January and July,
$2,000,000 ; equipment notes, $36,366 ; income scrip, $92,321.72; Midland Construction Co.,
$853.16 ; bills and accounts payable, $55,911.19 ; pay rolls, $8,648.07 ; unpaid coupons,
$61,170 ; traffic accounts, $21,150.71 ; profit and loss, $7,911.77— total liabilities, $4,284,-
332.62. Contra: Cost of road, etc., $3,934,427.45; equipment, $238,759.20; current ac-
counts, $34.552.13 ; cash, $76,593.84— total assets, $4,281,332.02.
Directors (elected April, 1887). — Orland Smith, Cincinnati, O. ; George Hoadly, New
York, N. Y.; S. Spencer, Baltimore, Md. ; Henry Miller, T. Ewing Miller, G. C. Hoover,
Charles Parrott, James A. Wilcox, P. W. Huutington, Columbus, 0.
ORLAND SMITH, President Cincinnati, O.
Treasurer— Theo. H. Butler Columbus, O. | Secretary and Supt.—S. P. Peabody Columbus, O.
PRINCIPAL OFFICE AND ADDRESS. . . Columbus, O.
Transfer Office (Farmers' Loaa and Trust Co.) New York, N. Y.
COLUMBUS AND MAYSVILLE RAILWAY COMPANY.
Line of Road. — Washington C. H., Ohio, to Aberdeen, 0 85 miles.
In operation : Hillsboro', O. , to Ripley, Ohio 45 miles.
Sidings, 0.4 mile. Gauge, 3 ft. Rail, 40 Ibs.
History.— Incorporated April 27, 1877, under name of P. & M. Ry., Southern Division,
to build from Washington C. H. to Ripley ; construction begun in November, same year ;
completed from Hillsboro' to Sardinia, 18.7 miles. In October, 1880, name changed to pres-
ent title, and in April, 1881, route changed, to run from Washington C. H. to Aberdeen,
85 miles. In 1885 road passed under control of present owners, and subsequently extended
to Ripley.
560 POOR'S MANUAL OF RAILROADS.
Rolling Stock.— Locomotive engines, 4. Cars — passenger, 4 ; mail and express, 2.
Operations, etc.— Not reported.
Financial Statement, April 1, 1886— Capital stock, $850,000 ; first mortgage bonds,
$850,000— total stock and bonds, $1,700,000. Contra: Construction, etc.. $200,000; other
assets, $185,000— total, $385,000. Jso stock or bonds sold.
Directors (elected in November, 1885).— E. P. Buell, J. H. Livingston, J. Edgecomb.
E. P. BUELL, President Hill*boro', O.
J. H. Livingston, Vice-President Hillsboro', 0.
Secretary— W R Smith .. Hillsboro', O. | Treasurer— C. M. Overman Hillsboro', O.
Superinten dent—i. Q. Marshall Hillsboro', O.
PRINCIPAL OFFICE AND ADDRESS Hillsboro', O.
COLUMBUS, HOPE AND GREENSBURG RAILROAD COMPANY.
Line of Road. — Columbus, Ind., to Greensburg, Ind 24.55 miles.
Sidings, 1.39 miles. Gauge, 4 ft. 8$ in. Rail (steel, 10 miles), 56 Ibs.
History.— Construction commenced in 1882 aud completed in 1883. Road opened May
10, 1884. Surveys in progress, with a view to extend the line from Columbus, Ind., to
Bedford, Ind., 28 miles. This road is built in the interest of the Cincinnati, Indianapolis,
St. Louis and Chicago Ry. Co., by which it is now operated.
Financial Statement.— Capital stock, $250,000 ; funded debt, 1st mortgage 6 per cent.
30-year bonds, dated October 1, 1882, $275,000— total, $525,000. Contra: Cost of road, etc.,
$289,016.78.
All of the bonds and $152,750 of the stock are held by the Cincinnati, Indianapolis, St.
Louis and Chicago Ry. Company.
Directors (elected January 18, 1887).— M. E. Ingalls, Horace Scott, B. B. Jones, E. F.
Osborn, Cortez Ewing, B. S. Cunningham, J. C. Davie.
M. E. INGALLS, President Cincinnati, 0.
Vice-President— Horace Scott Louisville, Ky. \ Secretary & I'reasurer—S.. F. Osborn — Cincinnati, O.
PRINCIPAL OFFICE AND ADDKESS Greeusburg, Ind.
DAYTON AND TOLEDO RAILROAD COMPANY.
Line of Road.— Dayton, O., to Delphos, 0 95.7 miles.
Gauge, 3 ft.
History. — The Dayton Division of the Toledo, Cincinnati and St. Louis RR. was sold
under foreclosure June 28, 1884, and purchased for $450,000 by a committee of the bond-
holders, who organized the present company with a capital of 13,000 shares of preferred
stock and 1,000 shares of common stock. (See Dayton, Ft. Wayne, and Chicago Ry. Co.)
Operations for year ending June 30, 1886. — Passengers carried, 85,227 ; carried one mile,
604,059 ; average mile rate, 2.48 cents. Tons of freight moved, 88,453 ; moved one mile,
5,445,285 ; average ton-mile rate, 1.16 cents. Earnings — passenger, $14,9«)4.30 ; freight,
$62,991.86 ; mail and express, $7,397.13 ; miscellaneous, $176.57— total, $85,519.86. Operat-
ing expenses and taxes, $85,167.71. Surplus, $352.15 ; deficit from last year, $18,780.30 —
net deficit, $18,428.15.
Financial Statement, June 30, 1886. — Current vouchers, $13,788.13 ; purchasing com-
mittee, $185,000 ; due other railroads, $2,213.33 ; accrued rental, $162.30 ; accrued taxes,
$3,200— total, $154,303. 7.6. Contra : Cost of property, $125,000 ; supplies on hand, $617.10;
due from Post Office, $1,527.31 ; from other companies, $1,797.37; from agents and conduc-
tors, $717.06; right of way, $19.13; cash, $6,257.64; income account, $18,428.15— total,
$154,^63.76.
GEORGE N. SMALLRY, President New York, N. Y.
C. E. Henderson, General Manager Indianapolis, Ind.
Superintendent— J. E. Gimperling Dayton, O. | Auditor— C. B. Lockwood Indianapolis, Ind.
PRINCIPAL OFFICE AND ADDRESS Dayton, 0.
POOR'S MANUAL OF RAILROADS. 561
DETROIT UNION RAILROAD DEPOT AND STATION COMPANY.
Line of Road. — Depot, Detroit, Mich., to Delray Junction, Mich 3.34 miles.
Sidings, etc., 3.50 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs.
This company's property consists of its depot grounds and improvements thereon ; con-
necting track with the Wabash, St. Louis and Pacific System with which this company has a
contract for the use of its terminal facilities, the Wabash paying 7 per cent, on the cost of
the property used.
Income Account, December 31, 1886.— Rentals, $66,707.51; other receipts, $69,030.10—
total, $135,737.61. Expenses' $22,108.14 ; taxes and insurance, $9,400— total, $31,508.14.
Net income, $104,229.47. Paid interest, $34,487.94. Balance surplus, $69,741.53.
Financial Statement, December 31,1886.— Capital stock (par, $100), $1,000,000; f'inded
debt, $580,000— total, $1,580,000. Contra: Cost of road, including right of way, $1,540,-
537.17; real estate, etc., $365,792.04; other assets, $110,741.57— total, $2,017,070.78.
The principal of the debt has been reduced from $1,017,070.88 to $580,000 since last
report.
JAS. F. JOY, President Detroit, Mich.
A. Sheldan, Vice- President Detroit, Mich.
Treasurer— 3. F. Joy Detroit, Mich. | Secretary— J. G. Miller Detroit, Mich.
PKINCIPAL OFFICE AND ADDRESS Detroit, Mich.
INDIANA, BLOOMINGTON AND WESTERN RAILWAY COMPANY.
Main Line of Road.— Peoria, 111., to Springfield, O. (as follows) 342.00 miles.
Peoria Division : Peoria, 111., to Indiauapoli*, Ind 202.00
Middle Division : Indianapolis, Ind., to Springfield, 0 140.00
( Sandusky, O., to Springfield, 0 130.15
Ohio Division : •< Carey, O. , to Finlay, 0 15.51
( Springfield, O., to Columbus, 0 44.37—190.03 miles.
Trackage : Peoria and Pekin Union Ry., Pekin to Peoria, 111 10.00 miles.
Total length of lines (owned, 342 ; leased, 190.03 ; trackage, 10), operated. . .542.03 miles.
Sidings, etc., 95.22 miles. Gauge, 4 ft. 9 in. Rail (steel, 404.7 miles), 60 Ibs.
History. — The Indianapolis, Bloomington and Western RR. Co. was formed by the con-
solidation, July 20, 1869, of the Indianapolis, Crawfordsville and Danville and the Danville,
Urbaua, Bloomington and Pekin Railroad Companies. Road opened from Indianapolis to
Pekin October 1, 1869. Default made October 1, 1874, receiver appointed December 1, 1874,
and property sold under foreclosure February 6, 1879. Reorganization effected under the
name of the Indiana, Bloomington and Western Ry. Co., the new company taking possession
August 9, 1879.
On March 23, 1881, this latter corporation was consolidated with the Ohio, Indiana and
Pacific Ry. Co., forming the present company. Under the rights thus secured, the company
built an extension of its road from Indianapolis, Ind.. to Springfield, 111., 142 miles, which
was completed and opened for business in 1883. In the consolidation, the stockholders re-
ceived two shares of stock of new company for one of the old, and holders of convertible
income bonds received new income bonds in the same proportion.
On May 1, 1881, the company made a perpetual lease of the Cincinnati, Sandusky and
Cleveland, and the Columbus, Springfield and Cincinnati RRs., 190.03 miles, at an annual
rental of one-third of their gross earnings, the minimum rental being $300,000 ; maximum,
$550,000 ; all in excess of the latter sum to go to lessee. A judgment for $250,000 for back
rental was found against the I. , B. & W. Co. June 1, 1886, and it west into. bankruptcy.
On July 1, 1886, a receiver was appointed on application of a judgment creditor. Fore-
closure proceedings were begun shortly thereafter, and the road was sold to a reorganization
.committee March 28, 1887.
The plan of reorganization proposes a consolidation with the leased lines, the consolidated
562 POOR'S MANUAL or RAILEOADS.
company to issue the following securities : $12,500,000 first consolidated mortgage bonds,
$8,000,000 to be issued for old firsts and Eastern Division bonds, $3,690,000 for bonds and
preferred stock of leased lines, and $810,000 in settlement of balances due leased lines and
for betterments ; $2,000,000 2d consolidated mortgage bonds in exchange for old seconds ;
$8,325,000 preferred stock in exchange for income bonds at 70 per cent, of their face and to
retire stocks of leased lines; $10,000,000 common stock in exchange for present common.
The consolidated company will take the name of Columbus, Indianapolis and Western Ry. Co.
Rolling Stock. — Owned : Locomotive engines, 63. Cars— passenger, 39 ; baggage, mail
and express, 20; freight (box, 1,271 ; stock, 197; platform and coal, 524), 1,992; caboose,
30; other, 12— total, 2,093. Leased: Locomotive engines, 26. Cars— passenger, 26; baggage,
mail and express, 9 ; freight (box, 1,950 ; stock, 60 ; platform and coal, 350), 2,360 ; caboose,
16 ; other, 2— total, 2,413. There have since .been added 8 consolidated engines.
Operations for year ending June 30, 1886. — Train mileage— passenger, 1,155,104; freight,
1,073,954 ; switching, 1,587,256 ; other, 47,035— total, 3,803,349 miles. Passengers carried,
856,023 ; passenger miles, 34,511,470 ; average rate, 2.21 cents. Tons freight moved, 2,514,-
301 ; moved one mile, 227,158,507 ; average rate, 0.066 cent. Earnings — passenger depart-
ment, $918,091.81 ; freight department, $1,575,445.06— total, $2,493,536.87. Operating ex-
penses and taxes, $1,653,753.79. Net earnings (33.68 per cent.), $839,783.08. Payments :
Rentals, $342,795.79 ; interest on bonds, $576,701.58— total, $919,497.37. Balance, deficit,
$79,714.29.
General Balance Sheet, June 30, 1886.
Cost of Road and Equipment $24,840,613 08
Real Estate and Right of Way 92,041 45
Materials and Fuel 133,801 73
Advances Account, Taxes, Insurance, etc. 50,337 C3
Sinking Fund, 1st Preferred Bonds 30,000 00
Current Accounts 802,283 33
CashonHand , 10,70243
Profit and L.OSS 296,235 39
Total Assets $25,656,014 44
Funded debt consisted, June 30, 1886, of—
1st mtge. (pref.) 7 p. c. $100, $500 and $1,000 coup, bonds, due Jan. 1, 1900, interest January and July.. $1,000.000
1st mtge. (not. pref.) 30-year $500 and $1,000 coup, bonds, due April 1, 1909, interest April and October.. 3,500,000
2d mortgage 30-year $500 and $1,000 coupon bonds, due April 1, 1909, interest April and October 1,500.000
Income mortgage 40-year bonds, due April 1, 1919, convertible into stock 71,800
1st m. (Eastern Div.) 6 p. c. 40-year $1,000 coup, bonds, due June 1, 1921, interest June and December. . . 3,0(10.000
Con. Income 40-year $1,000 coupon bonds, due July 1, 1921 4,565,500
Sinking Fund Debentures, August, 1883-1903, interest 6 per cent., February and August 500,000
The 1st (n. p.) and the 2d bonds bear 3 per cent, for three years, 4 per cent, for two years,
5 per cent, for three years, and 6 per cent, thereafter (from 1887). The income bonds bear
such interest, not exceeding 6 per cent., as may be declared from net earnings available after
interest on the mortgage bonds. The 1st (pref.), the 1st (u. p.), and the 2d bonds cover from
Pekin, 111., to Indianapolis.
Interest payable at Corbin Banking Co., 115 Broadway, N. Y. All bonds have voting
power. Annual meeting, second Tuesday in May. Trustees of bonds and registrars of stock,
Central Trust Co., of N. Y. Stock, $10,000,000, and all bonds except $500,000 debentures,
are listed on New Stock Exchange.
RAILROADS OWNED OR LEASED BY INDIANA, BLOOMINGTON & WESTERN RY.
CINCINNATI, SANDTTSKY AND CLEVELAND RAILROAD.- Sandu^ky, O., to Dayton,
Capital Stock $10,000,000 00
Funded Debt 14,137,300 00
Bills Payable 833,096 91
Current Accounts 485,02983
Interest Unpaid 200,587 70
Total Liabilities $25,656,014 44
nine
the
of theTessee. That portion of the rnaiiTlm"e^yrheJcT,"s."<£c.'^ DaytonV-'Il mill's)
is leased to the Cincinnati and Springfield Ry. Co. at a rental of 35 per cent, of the gross earnings. On May 1,
881, the I., B. & W. Ry. Co. leased ibis road in perpetuity. It is now operated by that company as its Ohio Di-
vision. The rental paid i* 33 J per cent, of gross earning!?; with a guarantee lhat it shall never bo less ihan -
000. It was also stipulated that the lessee should build a new line from Springfield to Indianapolis, 140 miles, by
POOES MANUAL OF RAILROADS.
5C3
January 1, 1882, which was subsequently changed to May 1, 1882. It was fully three months later than that, how-
ever, before it was opened. Keceipts year ending June 30, 1880 : Kental from I., B. & W. Ry. Co., $201,606.67 ;
interest on deposits, $335.24 ; Sloane property and other rents, $2,252.35 ; proceeds loan, May 29, 1886, $30,000 :
balance from last year, $0,753.86— total, $241,008.12. Expenses, $12,857.43 ; interest on bonds, $120,622 ; on bond
scrip certificates, $15,418.10 ; interest on loans, $1,250.73; preferred stock dividends, $25,330.34 ; «nkinp; fund,
$34.755.53; dividend on common stock (old), $104 ; paid trustee of Sloane property on account of collections
made by treasurer, $1,323.35 ; rebates and overcharges, $4,961.77 ; balances, June 30, 1886, $18,384.81.
The rental is less $18,333.33, the rental for the month of June, 1886, since paid. That amount is included in
the item, " sundry accounts, etc.," in the balance sheet.
General Balance Sheet, June 30, 1886.
Cost of Railway $6,640,233 63
Materials, Fuel, etc 2,03640
Col., Spr. and Cin. RR. Stock 5,480 00
Sinking Fund Trustees 188 34
Sundry Accounts, etc 290,148 72
Sloane Properties (balance) Estimate 40,263 12
Cash on Hand i 18,38481
Total Assets $6,997,335 02
Common Stock $4,015,750 00
Preferred 6 per cent. Stock and Scrip 428,997 45
Funded Debt 1,980,300 00
Coupon Bond Scrip Certificates 222,064 50
Coupons and Dividends Unpaid 29,661 04
Coupon Bonds in Sinking Fund 109.080 00
NotesPayable 30,000 00
Profit and Loss 181,482 03
Total Liabilities $6,997,335 02
Funded debt : $556,000 1st mortgage S., D. & C. RR. 6 per cent, sinking fund bonds, due February 1, 1900,
interest February and August ; $35Cf,000 1ft mortgage S. City & Ind. RR. 7 per cent, bonds, due March 1, 1877,
interest March and September; $1,072,300 2d mortgage Cin., Sand, and Cleveland RR. 7 per cent, bonds, due
January 1, 1890, interest January and July ; $2,000 Eastern (not extended). The amounts outstanding are net,
the 1st mortgage (S., D. & C. RR.) being less $439,000 in sinking fund, and the 2d mortgage (C., S. & Clev. RR.)
less $27,700 owned by company. JOHN S. FABLOW, President, Boston, Mass.; J. L. Moore, Secretary and Treas-
urer, Sandusky, O.
. COLUMBUS, SPRINGFIELD AND CINCINNATI RAILROAD.-From Columbus to
Springfield, O., 44.37 miles. Sidings, 2.55 miles. Road opened June 20, 1872, and leased to Cincinnati, Sandusky
and Cleveland RR. Co. On May 1, 1881, when latter company's line was leased to I., B. & W. Co., the lease of
this road was cancelled and a new one made to the I., B. <fe W. Ry. Co. Rental of both roads 33 J per cent, of
gross earnings and receipts. Maximum rental, $550,000 : minimum, $300,000, the latter to be divided, $80,000 to
this company and $220,000 to Cin., San. and Cler. RR. Excess rental over $300,000 to be divided in proportion
of J to this company and | to Cin., S. & C. RR. Co. Rental received for year ending June 30, 1883, $103,519.68.
Capital stock, $1,000,000 ; funded debt, $1,000,000 1st mortgage 7 per cent. 30-year bonds, due September I, 1901—
total, representing cost of road, etc., $2,000,000. J. S. FARLOW, President, Boston, Mass.; J. L. Moore, Secretary
and Treasurer, Sandusky, O.
Board of Directors L, B. & W. Ry. Co., elected May 11, 1886.
Austin Corbin Babylon, N. Y.
Alfred Sully New York, N. Y.
J. R. Maxwell Brooklyn, N. Y.
Henry Graves Orange, N. J.
H. W. Maxwell Brooklyn, N. Y.
G. E. Leighton St. Louis, Mo
Robert K. Dow Claremont, N. H.
Edward Lauterback.New York, N. Y.
Fred. W. Dunton Jamaica, N. Y.
Jas.K.O. Slierwood.GlenCove,N. Y.
John L. Farwell... Claremont, N. H.
Ferd. W. Peck Chicago, III.
Jas.~A. Gargu'lio New York, N. Y.
AUSTIN CORBIN, President New York, N. Y.
Alfred Sully, Vice-President New York, N. Y.
Treasurer— F. W. Dunton New York, N. Y. | Secretary — J. D. Campbell New York, N. Y
PRINCIPAL OFFICE AND ADDRESS Indianapolis, Ind.
Transfer Office 115 Broadway, N. Y.
JOLIET, AURORA AND NORTHERN RAILROAD COMPANY.
Line of Road.— Joliet, 111., to Aurora, 111 25 miles.
Sidings, 1 mile. Gauge, 4 ft. 8i in. Rail, 56 Ibs.
History. — Chartered to build from Indiana State Line to the Mississippi River, a distance
of 200 milea. Road opened as above early in 1887. The road is to be extended 100 miles
north from Aurora to a connection with the C., M. & St. P. Ry. An extension to Valparaiso,
Ind., is also to be built ; also a branch from a point southeast of Aurora, to the coal fields
of Illinois. The road has been sold to Drexel, Morgan & Co. for $500,000.
Financial Statement.— Capital stock (authorized, $500,000), $229,077.
No later information.
B. F. JOHNSTON, President and General Manager St. Elmo, 111.
J. H. Johnston, Vice-President St. Elmo, 111.
Secretary— J. H. Atterbury Litchfield, 111. | Treasurer— W. H. Smith St. Elmo, 111.
PRINCIPAL OFFICE AND ADDRESS St. Elmo, 111.
564 POOR'S MANUAL OF EAILEOADS.
LAKESIDE AND MARBLEHEAD RAILROAD COMPANY.
Line of Road as Projected. — New Danbury, O., to Marblehead, 0 7 miles.
Sidings, 1 mile. Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History. — Incorporated in September, 1886. Construction commenced in October, 1886,
and roadbed completed and a part of tbe track laid in November, 1886. Road completed and
fully opened in February, 1887.
Financial Statement.— Capital stock, $150,000.
No later information.
Directors (elected September 29, 1886).— W. O. Chapman, H. A. Blood, William Roach,
G. N. Smalley, Boston, Mass.; E. H. Brennan, Toledo, O. ; Thomas Flesher, J. T. R. McKay,
J. D. Chambers, Cleveland, 0.; I. C. Brewer, Sandusky, O.
E. H. BRENNAN, President and General Manager Toledo, 0.
Thomas Flesher, Jr., Vice- President Cleveland, 0.
Secretary— T>. K. Stevens Toledo, O. | Treasurer— W. O. Chapman Boston, Mass.
PRINCIPAL OFFICE AND ADDKESS Toledo, O.
PITTSBURGH, PAINESVILLE AND FAIRPORT RAILROAD COMPANY.
Line of Road. — Fairport, 0., to Youngstown, 0 62.3 miles.
Sidings, 5.11 miles. Gauges, 4 ft. 8£ in. and 3 feet. Rail (steel), 60 Ibs.
History. — This company was formed in June, 1886, as successor to the Painesville and
Youngstown Ry. Co., whose property was sold under foreclosure June 3, 1886, and purchased
for account of the stockholders. The road from Fairport to Niles, 52.2 miles, was changed
to standard gauge, and was leased to the Pittsburgh and Western RR. Co., October 1, 1886,
the lease providing for the payment of the interest on the first mortgage bonds.
Rolling Stock, June 30, 1886. — Locomotive engines, 7. Cars — passenger, 6 ; baggage,
mail, and express, 3 : freight, 146.
Financial Statement.— Capital stock— common, $1,000,000; preferred, $250,000 ; funded
debt, first mortgage 5 per cent. 30-year bonds, due 1916, interest payable January and July,
$1,000,000— total stock and bonds, $2,250,000.
Directors. — R. K. Paige, H. W. Oliver, Jr., Homer Steele, Johns, Solon Hum-
phreys.
SOLON HUMPHREYS, President New York, N. Y.
R. K. Paige, Vice-President Painesville, O.
PRINCIPAL OFFICE AND ADDRESS ., Painesville, 0.
GROUP 4,-Kailroads of South Atlantic States : Virginia, West Virginia, North Carolina, South
Carolina, Georgia and Florida.
ALBEMARLE AND RALEIGH RAILROAD COMPANY.
Line of Road (a* projected}, Jamesville, N. C., to Raleigh, N. C 100 miles.
Completed : Williamstown to Tarboro 32 miles.
Gauge, 4 ft. 8| inches. Rail, 50 Ibs.
History.— The completed section of this road was built and opened in 1883. This com-
pany owns 4 locomotives, 5 passenger cars and 36 freight cars. Stock and bonds are limited
in issue to $20,000 per mile of completed and fully equipped road. Amount outstanding and
description of bonds not furnished. This road is now operated in connection with the At-
lantic Coast Liue, composed of the Wilmington and Weldon and connecting roads. Earn-
ings (for 10 months ending September 30, 1886)— passenger, $4,668.83; freight, etc.,
$13,484.58— total, $18,153.41. Operating expenses, $13,098.61. Net earnings, $5,054.80.
Directors.— Simon Sterne, New York ; W. T. Walters, H, Walters, B. F. Newcomer, J.
POOR'S MANUAL OF RAILROADS. 565
P. McCoy, Wm. J. Doyle, Baltimore, Md.; R. R. Bridgers, John F. Divine, Don MacRae,
Wilmington, N. C.
H. R. BALTZER, President New York, N. T.
J. W. Thompson, Treasurer Wilmington, N. C.
PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.
ALEXANDRIA AND FREDERICKSBTJRG RAILWAY COMPANY.
Line of Road.— Alexandria, Va., to Quantico, Va 28.64 miles.
Sidings, 3.24 miles. Gauge, 4 ft. 9 in. Rail (steel, 25.12 miles), 56 and 60 Ibs.
History. — Chartered February 3, 1864, and road opened J uly 2, 1872. It was placed in
the hands of trustees December 5, 1872, and is now operated by them.
Rolling Stock. — Locomotive engines, 4. Cars— passenger, 7; baggage, mail, etc., 2;
freight, 21— total, 30.
Operations for year ending September 30. 1886. — Train mileage — passenger, 76,359 ;
freight, 45,854— total, 122,213 miles. Passengers carried, 452,236 ; carried one mile, $4,173,-
713. Tons freight moved, 301,671 ; moved one mile, 4,448,354. Earnings — passenger, $71,-
937.27; freight, $50,953.28; mail, etc., $16,857; other, $9,165.65— total, $148,913.20.
Operating expenses, $123,155.33. Net earnings, $25,757.87.
Financial Statement, September 30. 1886.— Capital stock, $1,000,000 ; funded debt, 1st
mortgage 7 per cent, gold bonds, June 1, 1866-1896, interest June and December, $1,000,000 ;
floating debt, $144,000; earnings, $30,756.70— total, $2,174,756.70. Per contra: Cost of
road, $2,043,614.34 ; equipment, $121,632.72— total, $2,165,247.06 ; loss operating road to
December 5, 1872, $9,509.64.
Directors. — J. N. Du Barry, John P. Green, Albert Hewson, James P. Kerr, John S.
Leib, N. Parker Shortridge, G. C. Wilkins.
GEORGE B. ROBERTS, President Philadelphia, Pa.
Treasurer and Secretary Albert Hewson . | General Superintendent H. F. Kenney •
PRINCIPAL OFFICE AND ADDRESS No. 233 South Fourth St., Philadelphia, Pa.
ALEXANDRIA AND WASHINGTON RAILROAD COMPANY.
Line of Road. — Alexandria, Va., to south end of Long Bridge 4.96 miles.
2d track, 3.63 ; sidings, 1.07 miles. Gauge, 4 ft. 9 in. Rail (steel, 7.40 miles), 60 Ibs.
History. — Operated in the interest of the Pennsylvania RR. Co. by the Alexandria and
Fredericksburg Ry. Co. In January, 1882, this road was placed in the hands of a receiver,
and is to be sold under foreclosure, July 9, 1887.
Rolling Stock. — Furnished by operating company.
Operations for year ending December 31, 1886. — Trains run — passenger, 26,319 ; freight,
10,052— total, 36,371 miles. Passengers carried, 632,908; carried one mile, 2,077,160. Earn-
ings—passenger, $26,186.13 ; freight, $14,251.31 ; mail and express, $4,829.14; miscellaneous,
$474.93— total, $45,741.51. Expenses— transportation, $21,904.25 ; motive power, $8,656.98;
maintenance of way, etc., $7,844.38 ; general, $3,009.35 — total, $41,414.96. Net earnings
(9.24 per cent.), $4,326.55.
Financial Statement, December 31, 1886. — Capital stock (representing reorganized com-
pany), $300,000.
Directors (elected October 25, 1886).— John S. Leib, George C. Wilkins, James P. Kerr,
B. F. Newcomer, Baltimore, Md.; Andrew Jamieson, Alexandria, Va.
G. C. WILKINS, Receiver Baltimore, Md.
J. N. Du BARRY, President Philadelphia, Pa.
Treasurer— John 8. Leib Baltimore, Md. | Secretary— Jas. P. Kerr Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Baltimore, Md.
566 POOR'S MANUAL or RAILROADS.
AMERICUS, PRESTON AND LTTMPKIN EAILEOAD COMPANY.
Line of Road. — Americas, Qa., to Louvale, Ga 48 miles.
Sidings, 1 mile. Gauge, 3 ft. Rail (steel, 49 miles), 30 Ibs.
History. — Chartered June 17,1884; charter amended December 24, 1886; road opened
to Lumpkin, 38 miles, March 1, 1886 ; extended to Louvale in 1886, and opened April 1, 1887.
In November, 1886, construction was commenced on the line from Americus eastward to Ab-
beville on the Ocmulgee River, a distance of 65 miles, of which 15 miles were completed, and
20 more additional graded and ready for rails at date of this report (April, 1887).
Rolling Stock, December 31, 1886. — Locomotive engines, 3. Cars — passenger, 3 ; freight
(box, 10 ; platform, 6), 16 — total cars, 19. Since the close of the fiscal year, 1 new locomo-
tive, 25 platform, 20 box and 4 passenger cars have been purchased.
Operations. — Traffic statistics not reported. Earnings — passenger, $14,523.21 ; freight,
$14,661.36; mail and express, $907.97 — total, $30,^92.54. Expenses— transportation, $7,-
971.73 ; motive power, $2,026.29 ; maintenance of cars, $927.89 ; maintenance of way,
$3,105; general, $2,519.88— total, $16,550.79. Net earnings (45 per cent.), $13,541.75.
Payments: Interest m bonds, $6,297.50; other interest, $3,641.30; dividends, $3,318.38—
total, $13,257.18. Balance, surplus, $284.57.
General Balance Sheet, December 81, 1886.
Cost of Road $272,793 71
Cost of Rolling Stock 17,805 35
Real Estate and Buildings 6,945 37
Other Accounts 1,74571
Cash on Hand 4,743 51
Total Assets $304,032 65
Capital Stock (par, $100) $87,909 91
Funded Debt Outstanding $200.000 00
Less Discount 16,876 31— 1&3,123 69
BillsPayable 32,71448
Profit and Loss... 28457
Total Liabilities $304,032 65
Funded debt consists of $100,000 first mortgage 7 per cent. 20-year coupon $500 bonds,
due 1905, interest January and July, secured upon 38 miles of road (Americus to Lumpkin) ;
and $100,000 mortgage extension 7 per cent. 20-year coupon $500 bonds, due 1906, interest
January and July, issued at the rate of $5,000 per mile, and secured upon all extensions, east
or west, and upon all shops, depots and equipments, and by a second mortgage on the 38 miles
of line from Americus to Lumpkin.
Directors.— J. M. Scott, J. B. Latimer, J. W. May, W. S. Gillis, Lumpkin, Ga. ; J. B.
Hudson, S. T. Chappell, J. R. Stapleton, Preston, Ga. ; W. H. Tatum, Lonvale, Ga. ; G. W.
Glover, T. Wheatley, C. A. Huntingdon, H. R. Johnston, S. H. Hawkins, Americus, Ga.
S. H. HAWKINS, President Americus, Ga.
J. M. Scott, Vice-President Lumpkin, Ga.
Treasurer & Secretary --T. N. Hawkes. . .Americus, Ga. ( Gen. Supt. — J. N. Bass Americus, Ga.
LOCATION OF PRINCIPAL AND TRANSFER OFFICE Americus, Ga.
ASHEVILLE AND SPARTANBURG RAILROAD COMPANY.
Line of Road.— Spartanburg, S, C., to Asheville, N. C 71 miles.
Sidings, etc., 0.4 mile. Gauge, 4 ft. 9 in. Rail, 55 Ibs.
History.— Chartered as Spartanburg and Asheville in 1868. Road opened to Henderson-
ville, N. C., 50 miles, June 1, 1879. Sold under foreclosure April 4, 1881, and reorganized
under present name. Between Hendersonville and Asheville, 21 miles, was built in 1885,
and opened for business July 13, 1886. The property is controlled by the Richmoad and
Danville RR. Co.
Rolling Stock.— Furnished by the Columbia and Greenville RR. Co.
Operations for year ending June 30, 1886.— Trains run (mixed), 121,936 miles. Passen-
gers carried, 7,808. Tons freight moved, 7,178. Earnings— passenger, $11,764.53 ; freight,
$15,010.26 ; mail, etc.. $2,808.34— total ($416.66 per mile), $29,583.13. Expenses and taxes
($494.50 per mile), $35,109.75. Deficit, $5,526.62.
Financial Statement, June 80, 1885 (latest furnished).— Capital stock, $1,050,000; funded
POOR S MANUAL OF RAILROADS.
567
debt, 6 per cent. 40-year bonds, due 1925, interest January and July, $500,000— total stock
and bonds, $1,555,000. Cost of road, etc., $800,000.
Balance Sheet, June 30, 1885 (latest furnished). — Due from agents and companies, $1,-
382.18; expenses, $33,182.55; balance, $1,922.29; cash, $393.89— total, $36,880.91. Contra:
Notes payable, $8,308.11 ; income, $28,571.80.
Directors (elected in 1885).— R. Y. McAden, Charlotte, N. C. ; W. H. Inman, W. G.
Oakman, New York, N. Y. ; A. L. Rives, Richmond, Va. ; R. H. Richards, Atlanta, Ga. ; A.
C. Haskell, Columbia, S. C.; Joseph Walker, Spartanburg, S. C.
R. Y. MCADEN, President Charlotte, N. C.
1st Vice-President— W. H. Inman New York, N. Y.
2d Vice- President— A.. L. Rives Richmond, Va
Supt. & Sec.— James Anderson Spartanbnrg, S. C.
Auditor and Treasurei — A. L. White.Spartanburg, S. C.
PRINCIPAL OFFICE AND ADDRESS Spartan burg, S. C.
ATLANTA AND WEST POINT RAILROAD COMPANY.
Line of Road.— East Point, Ga., to West Point, Ga 79.85 miles.
Sidings and other tracks, 4.64 miles. Gauge, 4 ft. 9 in. Rail (steel, 62.26 miles), 56 Ibs.
History. — Chartered in 1847 under the name of Atlanta and Lagrange RR. Co. ; construc-
tion commenced in 1850 ; road opened to Palmetto, 18.5 miles from East Point, March 17,
1851 ; to Newnan, 33 miles, September 9, 1851 ; to Lagrunge, 64.75 miles, February 15, 1853 ;
and to West Point, May 15, 1854. Interest at the rate of 7 per cent, was paid to stockholders
from date of payment of installments on capital stock. This, with interest on temporary
bonds up to July 1, 1854, amounted to $155,949.42. Current expenses to same date, $149,-
175.66 — a total of $305,125.08 paid from gross earnings of $412,556.04 during the same pe>iod,
leaving a surplus of $107,430.96, of which there had been applied to construction $93,712.23.
In 1860 present name was adopted. The track of the Central RR. of Ga. is used between
East Point and Atlanta, 6.5 miles. Gauge changed from 5 feet May 30, 1886.
Rolling: Stock, June 30, 1886. — Locomotive engines, 15. Cars — passenger, 10; baggage,
mail and express, 5 ; freight (box, 133 ; platform, 62 ; stock, 14; coal, 11 ; caboose, 4), 224 ;
camp cars, 2 — total cars, 241. Also, 10 pole, 9 ditching, and 11 lever cars.
Operations for year ending June 30, 1886. — Train mileage — passenger, 124,394 ; freight,
21,264 ; mixed, S3, 758 ; other, 14,595— total, 244,011 miles. Passengers carried (way, 82,366 ;
through, 33,437), 115,803 ; carried one mile, 4,983,034 ; average mile rate, 2.82 cents. Bales
cotton moved, 101,069.
Earnings.— Passenger $140,729 35
Freight 224,903 43
Mail. 21,44645
Express 7,537 16
Miscellaneous 2,642 76
Expenses.— Transportation $62,787 26
Motive Power 61,816 85
Maintenance of Cars 50,680 08
Maintenance Way and Buildings 58,064 46
General 25,909 57
Total ($4,566.19 per mile) $397,259 15
Net earnings (34.80 per cent.), $138,000.93.
$73,932. Deficit, $9,863.07.
General Balance Sheet, June 30, 1886.
Total ($3,002.97 per mile) $259,258 22
Payments: Interest, $73,932; dividends,
Cost of Road, Equipment, etc $1,186,772 62
Interest and Dividends 147,864 00
Central Railroad Bank 92,63994
Due by Agents, etc 35,408 07
Expenditures 259,258 22
Cash on Hand 86,566 96
Profit and Loss .. 1,139,11836
Capital Stock ; $1,232,200 00
Certificates of Indebtedness 1,232,200 00
Unpaid Interest and Dividends 1,077 00
Unpaid Expenditures 10,359 50
Earnings of Road 397,259 15
Due Other Roads 24,532 52
Total Assets $2,897,628 17 Total Liabilities $2,897,628 17
In April, 1881, a controlling interest in this company was purchased by the Central Rail-
road and Banking Company of Georgia, and a dividend of 100 per cent, in debenture certifi-
568
POOR'S MANUAL OF RAILROADS.
cates was afterward declared. These debentures become due in 1891 and bear interest at 6
per cent., payable January and July.
Statement showing the rates of dividends paid from 1855 to 1886, together with the
amount of stock upon which they were paid :
Capital
Capital
Capital
Capital
Date.
Rate.
Stock
on which
Date.
Rate.
Stock
on which
Date.
Rate.
Stock
on which
Date.
Rate.
Stock
on which
paid.
paid.
paid.
paid.
p. c.
8
p. c.
$
p. c.
$
p. c.
$
Jan., 1855
3*
725,000
Jan:, 1862
4
1,232,200
Jan., 1872
4
1,232.200
July, 1880
4
1.232.200
July, 1S55
4
785,000
July, 1862
t!5
1,232,200
July, 1872
4
1,232,200
IJan., 1881
4
1,232,200
Jan., 185(5
4
725,000
Jan., 1863
t35
1,232,200
Jan., 1873
4
1,232,200
July, 1881
4
1.232.200
July, 1856
4
725,000
July, 1863
$30
1,232,2(10 :July, 1S73
4
1,232,200
July,' 1881
1100
1,232,200
July, 1856
Jan., 1857
*30
4
725,000
954,400
Jan., 1864
Nov.l9.'64
$20
$35
1,232,200 July, 1874
1,232,200;! Jan., 1875
!l
1.232,200
1,232,200
Jan., 1882
July, 1882
3*
3*
1,232,500
1,232.200
July, 1857
4
954,400
July, 1866
4
1.232,200
July, 1875
3
1,232,200 Jan., 1883
8*
1 ,232.200
Jan.. 1858
4
954,400
July, 1867
4
1,232,200
Jan., 1876
4
1,232.200
July, 1883
3
1,232.200
July, 1858
Jan., 1859
4
4
954,400
954,400
Jan., 1868
July, 1868
4
4
1,232,200
1,232.200
July, 1876
Jan., 1877
4
4
1,232,200 [Jan., 1884
1,232,200 |july, 1884
3
3
l,232.2i«
1,232,200
July, 1R59
4
954,400
Jan., 1869
4
1,232.200
July, 1877
4
1,232,2(0
Jan., 1885
3
1,232.200
July, 1859
*30
954,400
July, 1869
4
1,232,200
Jan., 1878
4
1,232,200
July, 1885
8
1.232.200
Jan., I860
4
1,232.200
Jan., 1870
4
1,232,200
July, 1878
4
1,282.200
Jan., 1886
3
1,232.200
July, 1860
4
1,232,200
July, 1870
4
1,232,200
Jan., 1879
4
1.232,200
July, 1886
3
1,232,200
Jan., 1861
4
1,232,200
Jan., 1871
4
1,232,900
July, 1879
4
1,232,200
July, 1861
4
1,232,200
July, 1871
4
1,232,200
Jan., 1880
4
1,232,200
t Paid in Confederate bonds and currency.
t. debenture certificates.
$ Paid in Confederate currency.
* Extra stock dividends.
§ Annual dividend?. ^ V&iA in 6 per cent.
The aggregate amount paid in dividends equalled $5,701,131, being 786.36 per cent, on the original capital
investment.
Statement of operations, etc., for eight years :
RR. OWNED 80.74 miles.
RR. OPERATED. 87. 24 miles.
1879
1880
1881
1882
1883
1884
1885
1886
Passengers Carried
39,662
74,885
73,491
$
330,263
206,892
47,069
99.602
88,863
$
368,130
214,811
70,786
124,273
96,464
i
418,054
304,418
115,089
128,407
93,361
$
430,009
254,515
116,739
108.786
104,657
$
406,192
251,381
120,007
95,719
89,357
$
412,640
279,262
127,091
115.192
89,826
$
410,222
237,143
115,803
Freight (tons) Moved
Cotton (bales) Moved
101,069
S
397,259
259,258
Gross Earnings
Gross Expenses and Taxes.
Net Earnings
' 123,371
(8) 98,576
5,629
3,785 68
2,371 53
1,414 15
62.64 p. c.
153.319
(8) 98,576
5,425
4,219 74
2,467 30
1,752 44
58. 35 p. C.
113,636
(8) 98.576
3,525
4,79200
3,489 45
1,30255
72.82 p. c.
175,494
(7) 80,093
75,234
4,929 04
2,917 41
1,011 63
59.19 p. C.
154,811
(6.5)80,093
73,932
4,65602
2,881 49
1,774 53
61. 89 p. c.
133,378
(6) 73,932
73,932
4,743 00
3,20991
1,53309
67. 68 p. C.
173,079
(6) 73,932
73,932
4,70223
2,718 29
1,98394
57.81 p. c.
138,001
(6) 73,932
73,932
4,566 19
3,00297
1,56322
65. 20 p. C.
Dividends on Stock
Interest Paid
Gross Earnings per Mile
Gross Expenses per Mile . .
Net Burnings per Mile
Expenses to Earnings
Directors (elected July 23, 1886).— W. B. Berry, J. S. Bigby, Newnan, Ga.; J. A. Davis,
Albany, Ga.; J. W. Green, Augusta, Ga. ; D. N. Speer, L. P. Grant, Atlanta, Ga.; W. G.
Raoul, Savannah, Ga.
L. P. GRANT, President Atlanta, Ga.
Secretary and Treasurer— K. M. Abbett... Atlanta, Ga. | General Manager— Cecil Gabbett .... Montgomery, Ala.
PRINCIPAL OFFICE AND ADDRESS Atlanta, Ga.
ATLANTIC AND DANVILLE RAILWAY COMPANY. (In Progress.)
Tin* i ,,f «,,.i,i _ J t'laremont, Va., to Danville, Va. . , 165.00 miles.
i Portsmouth, Va., to Danville, Va 200.00 miles.
Completed, December 31, 1885 : Claremont, Va., to Bellfield, Va 55.00 miles.
Sidings, etc., 4.00 miles. Gauge, 3 ft. Rail (steel, 55 miles), 30 and 40 Ibs.
History.— Chartered April 21, 1882. Construction commenced April 2, 1883. Road
opened to Waverly September 1, 1883, and to Bellfield in 1885. The counties of Sussex,
Greenville, Brunswick, and Mecklenburg, through which the road will run to the aggregate
extent of 128 miles, have each subscribed to the capital stock of the company to the amount
POOR'S MANUAL OF RAILROADS. 569
of $3,500 per mile of road constructed within their respective limits. On May 6, 1880, the
town of Danville voted to subscribe to $150,000 of stock, and other subscriptions have since
been made as follows : September, 1886, Halifax County, $150,000 ; March 5, 1887, town of
Portsmouth, $150,000.
On January 1, 1887, construction was begun on the extension from Hicksford west to
Danville, and June 1", 1887, on the eastern end of the line from Portsmouth to Hicksford.
These lines are being constructed of standard gauge, and are to be laid with 56 Ib. steel rails.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 6 ; baggage, mail, etc., 1 ;
freight, 97.
Operations, September 30, 1886. — Train mileage — passenger, 34,430; freight, 34,430.
Freight and passenger traffic, not reported.
Financial Statement, September 30, 1886.— Capital stock, $1,400,000; funded 3ebt, 1st
mortgage 6 per cent. 30-year bonds, due October 1, 1913, interest April and October, $412,500
— total stock and bonds, $1,812,500. Interest payable at National Park Bank, New York,
N. Y.
Directors (elected December, 1886).— B. D. Tillar, Hicksford, Va. ; N. Burruss, Nor-
folk, Va. ; Thomas Ewing, T. J. Peter, R. S. Elmore, New York, N. Y.
BENJAMIN D. TILLAR, President Hicksford, Va.
Secretary— W. G. Elliott Norfolk, Va. | Treasurer— -N . Burruss Norfolk, Va.
Acting Superintendent — Z. B. Cheatham Waverly, Va.
PRINCIPAL OFFICE AND ADDRESS. Hicksford, Va.
ATLANTIC AND NORTH CAROLINA RAILROAD COMPANY.
Line of Road. — Morehead City, N. C., to Goldsboro, N. C 95 miles.
Sidings, etc., 2.5 miles. Gauge, 4 ft. 9 in. Rail, 50 Ibs.
History. — Chartered in 1853 ; road opened in 1858. Stock is chiefly owned by the
State of North Carolina. All information has been refused by this company for several years
past. On the 1st of July, 1881, this road was leased to the Midland Ry. Co. of North Caro-
lina, at an annual rental of $40,000. On the 10th of November, 1882, the stockholders de-
clared this lease to have been forfeited, and subsequently procured an order of the court for
the appointment of a receiver, pending the trial of the suit for the abrogation of the lease.
In December, 1883, the stockholders voted to lease the road for 30 years to an organization
known as the Eastern North Carolina RR. Co., a corporation formed for that purpose, and
composed of residents along the line. The rental was stated to have been placed at $36,000 per
annum for first ten years, $54,000 for second period of ten years, and $72,000 for remaining
ten years. The lease also provided that the lessee should deposit $75,000 in bonds of the
State of North Carolina as security for the faithful performance of its part of the contract.
Operations for year ending May 31, 1886. — Gross earnings ($1,184 per mile), $112,476.
Operating expenses ($1,131 per mile), $107,442. Net earnings (4.50 per ceut.), $5,034.
Income Account, May 31, 1886. — Cash on hand, June 1, 1885, $5,768 ; receipts from all
sources, $125,303— total, $131,071. Payments on all accounts, $125,177 ; cash on hand, May
31, 1886, $5,894— total, $131,071.
Financial Statement. — Capital stock, $1,800,000 ; funded debt, 1st mortgage 8 per cent.
20-year bonds, due 1880, $195,500 — total, $1,995,500. Later information refused.
The following, in reference to this line, is taken from the Message of the Governor of
North Carolina to the Legislature of the State, in 1887 :
"The capital stock of this road is $1,800,000. Of this sum the State owns over two-thirds
— $1,266,500. Private stockholders own the remaining one-third — $533,500. The whole
amount of indebtedness on this road is $227,024 ; of this sum the amount secured by mort-
gage on the road, at 8 per cent., is $196,000. The remainder, reduced to a judgment bear-
interest at 6 per cent., $31,024. At the last meeting of the stockholders a resolution was
passed, with my approval, authorizing the company to borrow the sum of $325,000, to be
secured by a mortgage upon the road. Of this sum, $100,000 will be used in the purchase
570 POOE'S MANUAL OF BAILED ADS.
of new steel rails for the road and property, and the remainder will be applied to the dis-
charge of judgment and bonded debt, aa above set forth, the latter of which falls due in
1888. This loan, I am safe in saying, will be negotiated at a greatly reduced rate of inter-
est."
Directors (elected June 25, 1885). — J. A. Pridgeon, John Gatling, Arnold Borden and
Eugene Moorhead. Appointed by the Governor : C. E. Foy, Washington Bryan, Winfield
Chadwick, John F. Wooten, Dempsey Wood, W. H. H. Cobb, W. C. Stronach, and Paul F.
Faison.
WASHINGTON BRYAN, President Newbern, N. C.
Secretary & Treasurer— F. C. Roberts. .Newbern, N. C. | Superintendent— W. Dunn Newbern, N. C.
* Auditor— 8. L. Dill Newburn, N. C.
PRINCIPAL OFFICE AND ADDRESS Newbern, N. C.
AUGUSTA AND CHATTANOOGA RAILROAD AND BANKING COMPANY.
Main Line of Road (as projected). — Augusta, Ga., to Chattanooga, Tenn. . .about 220 m.
Gauge, 4 ft. 8i in.
History. — Chartered in December, 1886, as successor to the Augusta and Chattanooga RR.
Co., which had been chartered to build from Augusta, Ga., to Chattanooga, Tenn., 220 miles.
The Augusta, Elberton and Chicago RR. Co., whose chajfter covered a portion of the con-
templated route, from Augusta to Elberton, 78 miles, had previously been purchased and
merged into that corporation. The line is located from Augusta, Ga., beyond Gainesville,
Ga., 140 miles, and grading is completed on 15 miles from Augusta, Ga., westward. The
directors have recently been authorized to issue first mortgage gold 6 per cent. 30-year
$1,000 coupon bonds at the rate of $18,000 per mile of road, and provision has been made
for an immediate issue of $4,500,000 bonds of this class, coupons, to be payable at Augusta,
Ga., Chattanooga, Tenn., and at New York, N. Y.
Directors. — Clement A. Evans, Alfred Baker, Patrick Walsh, William N. Mercier, James
P. Verdery, Robert P. Sibley, W. A. Latinier, T. D. Caswell, W. B. Young, William H. Tutt,
Duncan C. Hill, Jesse Thompson.
CLEMENT A. EVANS, President Augusta, Ga.
William B. Young, Secretary and Treasurer Augusta, Ga.
PRINCIPAL OFFICE AND ADDRESS Augusta, Ga.
AUGUSTA, GIBSON AND SANDERSVILLE RAILROAD COMPANY.
Line of Road. — Augusta, Ga., to Sandersville, Ga 80 miles.
Sidings, 3 miles. Gauge, 3 ft. Rail (steel, 80 miles), 30 Ibs.
History. — Chartered January 8, 1884. — Road opened from Augusta to Stapleton, 41 miles,
September 5, 1885 ; to Avera, 47 miles, October 11, 1885 ; to Gibson, 51 miles, December 10,
1885 ; to Mitchell, 59 miles, June 28, 1886 ; to Warthen, 70 miles, October 12, 1886, and to
Sandersville, 80 miles, November 28, 1886.
Rolling1 Stock. — Locomotive engines, 4. Cars — passenger, 3 ; excursion, 3 ; baggage,
etc., 2 ; freight (box, 12 ; flat, 29), 41— total, 49.
Operations for year ending March 31, 1887. — Traffic statistics not reported. Earnings —
passenger, $'32,701.25 ; freight, $40,033.41 ; mail and express, $2,613.64— total, $65,348.30.
Expenses -operating expenses, $38,133.05. Net earnings, $27,215.25. Payments: Interest
on bonds, $22,487.50. Balance, surplus, $4,727.75 ; surplus from last year, $10,513.92— total
surplus, $15,241.67.
General Balance Sheet, March 31, 1887.
Cost of Road and Equipment §569,300 07
Real Estate and Buildings 11,75000
Other Property and Assets l,3Mi ««)
Bills Receivable 6 717 33
Current Accounts ' 9' 355 62
Cash on Hand 23,389 45
Total Assets $621,799 37
Common Stock (par, $26) $122.100 52
Funded Debt Outstanding 480,000 00
Bills Payable 4,283 50
Current Accounts 1 13 68
Profit and Loss 15,241 67
Total Liabilities $621,799 37
POOR'S MANUAL OF RAILROADS. 571
Funded debt consisted of first mortgage $350,000 7 per cent. 30-year $500 bonds, due
April 1, 1915, interest January and July ; (j per cent. $100 debenture bonds, $130,000, due
1917, interest April and October. Amount of stock authorized, $250,000.
Annual meeting, second Wednesday in February. Trustee of bonds. Central Trust Co.,
New York, N. T. Interest payable at Augusta, Ga., and New York, N. Y.
Directors (elected February 9, 1887). — R. M. Mitchell, W. B. Young, Augusta, Ga.; Geo.
W. Stetson, New York, N. Y.; Charles H. Howard, Wm. T. Gary, N. W. Murphy, W. J.
Pollard, Augusta, Ga.; Thos. Warthen, Warthen, Ga.; James K. Hines, Sandersville, Ga. ;
James J. Davis, Hephzebah, Ga. ; J. A. Smith, Noah, Ga. ; James Stapleton, Spread, Ga. ;
John B. Williams, Gibson, Ga.
R. M. MITCHELL, President and General Manager Augusta, Ga.
Treasurer and Secretary— Geo. Adim Augusta, Ga. | Chief Engineer— R. T. Barksdale Augusta, Qa.
PRINCIPAL OFFICE AND ADDRESS Augusta, Ga.
BISHOPVILLE RAILROAD COMPANY.
Line of Road. — Atkins, S. C., to Bishopville, S. C 14.75 miles.
Sidings, 1.5 miles. Gauge, 4 ft. 9 in. Rail, 56 Ibs. per yard.
History. — Chartered in December, 1886. This is a private road, and is owned by A. J.
Atkins, who rents iron and cars from other companies. It is expected that the road will be
extended 10 or 15 miles further. The company owns 1 locomotive engine.
Financial Statement. — Capital stock, authorized, $25,000. Estimated cost of completed
road, $8,975.
Directors.— A. J. Atkins, W. L. McKnigh't, Atkins, S. C.
A. J. ATKINS, Owner Atkins, S. C.
PRINCIPAL OFFICE AKD ADDRESS Atkins, S. C.
BRIGHT HOPE RAILWAY COMPANY.
Line of Road. — Eppes Falls, Va., to Bermuda, Va 32.75 miles.
Sidings and other tracks, 5.70 miles. Gauge, 3 ft. Rail, 35 Ibs.
History. — Built in 1853 by the Clover Hill Coal Mining Co.; sold under foreclosure April
26, 1877 ; reorganized by the purchasing bondholders June 10, 1877. In 1881 the road was
extended west 4^ miles and east 10 miles to Bermuda. During the year 1882 the gauge was
changed from 4 feet 8£ inches to 3 feet ; 2 miles of the road to Osborne's was abandoned, and
12.75 miles of new line built.
Rolling1 Stock. — Locomotive engines, 4. Cars — passenger, 2; freight, 151.
Operations for year ending September 30, 1886. — Passengers carried, 2,724 ; carried one
mile, 78,586; average mile rate, 2.10 cents. Tons freight moved, 63,402 ; moved one mile,
1,585,450 ; average ton-mile rate, 2.25 cents. Earnings — passenger, $1,581.98 ; freight, $35,-
782.07; mail and other, $1,714.71— total, $39,078.76. Expenses, $33,425.04. Net earnings,
$5,653.72.
Financial Statement, September 30, 1886.— Capital stock (authorized, $400,000), $179,-
600 ; funded debt, 1st mortgage 6 per cent. 20-year coupon convertible bonds, due June 1,
1901, $200,000 ; income 6 per cent. 20-year convertible bonds, due March 17, 1904 (author-
ized, $200,000), $167,000 ; floating debt, $5,300— total, $546,600. Contra, : Cost of road and
equipment, $310,633.81 ; mining plant, $200,000.
Interest on 1st mortgage bonds payable June and December, and on income bonds, if
earned, March and September, at New York, N. Y.
572 pooa's MANUAL OP RAILROADS.
Directors. —James H. Young, Richard Irvin, Jr., Mason Young, William H. Young,
New York City ; Franklin Stearns, James R. Werth, Richmond, Va.
JAMES H. YOUNG, President New York City.
Vice-President— F. Stearns Richmond, Va. | Secretary—®. M. Wilcon Richmond, Va.
Treasurer and Superintendent— J tones R. Werth Richmond, Va.
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
BRUNSWICK AND WESTERN RAILROAD COMPANY.
Line of Road. — Brunswick, Ga., to Albany, Ga 171 miles.
Sidings, 8 miles. Gauge, 4 ft. 9 in. Rail (steel, 20 miles), 56 Ibs. per yard.
History. — This company is a reorganization (December 19, 1882) of the Brunswick and
Albany RR. Co. The latter company was a reorganization of the Brunswick and Florida RR.
Co., which made default in the payment of interest on its bonds April 1, 1872, and its road
was sold under foreclosure October 15, 1873.
Rolling Stock. — Locomotive engines, 9. Cars — passenger, 5 ; baggage, etc., 3; freight
(box, 45 ; platform, 107 ; caboose, 5), 157 — total, 165 ; also 3 other cars.
Operations for year ending December 31, 1886. — Train mileage— passenger, 241,860 ;
freight, 130,521 ; other, 12,221— total, 384,602 miles. Passengers cairied, 74,630. Tona
freight moved, 163,638.
Earnings.— Passenger $71,329 11
Freight 240,633 65
Mail ($7,565.59) and Express. . . . 9,493 54
Miscellaneous 4,760 66
Total ($1,907.70 per mile) $326,216
'Expenses. — Transportation »
Motive Power and Cars j
.$162,831 22
Maintenance of Way 78,636 41
General 37,929 44
Total ($1,633.90 per mile) $279,397 07
Net earnings (14.35 per cent.), $46,819.89. Expenditures for improvements during 1886,
not included above, $108,027.47.
Financial Statement, December 31, 1886. — Capital stock — common, $1,500.000 ; pre-
ferred, $3,500,000 ; funded debt, 5 per cent, gold $500 and $1,000 bonds, dated January 1,
1883, due 1913, interest January and July (authorized, $2,500,000), $2,000,000— total stocks
and bonds, $7,000,000. The unissued bonds are held in the company's treasury to be used
only for improvements, acquisitions, etc.
During 1886 about $100,000 was expended for improvements, and it is expected to speed-
ily have the entire line laid with steel rails.
Directors (elected March, 1887). — Edward W. Kinsley, George Zabriskie, Thomas W.
Lillie, Henry E. Kavanagh, Ernst Thalman, Win. D. Guthrie, New York, N. Y. ; Charles P.
Goodyear, Brunswick, Ga.
EDWARD W. KINSLEY, President 15 Broad Street, New York.
A. A. Gaddis, Vice-President and General Manager Brunswick, Ga.
Secretary and Treasurer— T. W. Lillie New York. | Acfg Auditor— R. F. Mclver Brunswick, Ga.
PRINCIPAL OFFICE AND ADDRESS Brunswick, Ga.
New York Office Mills Building, 15 Broad Street.
CAPE FEAR AND YADKIN VALLEY RAILWAY COMPANY.
Main Uno • «f Unod J South Carolina State Line to Greensboro', N. C 142.3 miles.
.'lillll Ijlllt'S OI UOilil. •</-, . » i -r. -i »-. i f\n r, •!
| Greensboro to Belews Creek 22.8 miles.
Cape Fear River Branch : Fayetteville, N. C., to Cape Fear River 2.0 miles.
Milboro' Branch : Factory Junction to Milboro' 9.5 miles.
Leased : South Carolina Pacific By.: State Line to Bennettsville, S. C 10.5 miles.
Total length of road operated March 31, 1887 187.1 miles.
Sidings, etc., 11.3 miles. Gauge, 4 ft. 9 in. Rail— iron (33A miles), 56 Ibs.; steel (153f0-
miles), 50 Ibs.
POOR S MANUAL — CAPE FEAR AND YADKIN VALLEY RY. CO.
573
History.— Reorganization, April 3, 1879, of the Western RR. Co. of North Carolina,
chartered December 24, 1852. On the 3d of April, 1883, the control of this line became vested
in the existing company by purchase of the stock ($500,000) and bonds ($30,000) formerly
owned by the State of North Carolina, under the authority of an act of the North Carolina
Assembly, ratified February 27, 1883. Road opened between Fuyetteville and Greensboro',
June 19, 1884 ; from Fayetteville South to Shoe Heel, August 1, 1884, and through from
Greensboro' via Fayetteville to Bennettsville, S. C., including the leased South Carolina Pa-
cific Ry., on December 5, 1884. During 1886 the line was extended from Greensboro' to
Belews Creek (opened January, 1887), and the branch line from factory Junction to Milboro
was built (opened December, 1886). The road, as projected, extends from Wilmington, N. C.,
to Mount Airy, N. C., about 245 miles. ; from Fayetteville, N. C., to Bennettsville, S. C. (in-
cluding South Carolina Pacific Ry.), 57 miles ; with a branch up Yadkin Valley to Patterson,
85 miles, and branches to Danbury and Deep River, about 24 miles — in all, about 411 miles.
It is being constructed by the North State Improvement Co., a corporation organized for this
purpose, and composed of substantially the same parties as form the railway company. From
Greensboro' northwest to Mount Airy, the grading except 20 miles, is completed, and track
laying is now in progress. Early in 1885 the North Carolina Legislature passed an act allow-
ing the city of Wilmington to subscribe for $250,000 of the stock of this company to aid in
extending the road from Fayetteville to Wilmington, about 80 miles.
Rolling Stock, March 31, 1887. — Locomotive engines, 10. Cars — passenger, 10 ; bag-
gage, mail and express, 4; freight (box, 55 ; platform, 83; stock, 4; caboose, 1), 143 ; ser-
vice car, 1 — total cars, 158.
Operations for year end ing March 31, 1887. — Train mileage — passenger, 105,256 ; freight,
75,984 ; other, 56,900— total, 238,140 miles. Passengers carried, 72,078 ; carried one mile,
1,927,410 ; average mile rate, 2.45 cents. Tons freight moved, 109,768 ; moved one mile,
6,512,076 ; average ton-mile rate, 2.55 cents.
Earnings.— Passenger $47,292 85
Freight 165,794 56
Mail 8,101 46
Express 1,968 42
Miscellaneous 12,908 76
Total ($1,261.71 per mile) $236,066 05
Expenses.— Transportation $38,374 38
Motive Power 30,747 71
Maintenance of Cars 7,385 67
Maintenance Way and Buildings 26,203 42
General 21,769 74
Total ($665.32 per mile) $124,480 92
Net earnings (47.27 per cent.), $111,585.13. Payments : Interest on bonds (1st mortgage
series A), $45,000 ; rentals leased lines, $1,797.00— total, 46,797.00. Surplus, $67,788.13 ;
surplus from last year, $100,861.44 — total, as per balance sheet, $165,649.57.
General Balance Sheet, March 31, 1887.
Cost of Road .
$3,155,436 25
Capital Stock (par, $100) ... $798 924 50
Cost of Rolling Stock
178,24876
Funded Debt Outstanding 2,250,000 00
Materials and Fuel on Hand
7,86383
Due State of North Carolina for Convict | <. .„,. ..
Current Accounts ... ,
4,869 28
Labor, Payable in Mort. Bonds at par.. »
Cash on Hand .. .„. ...
14,92859
Current Accounts ... 17 246 10
\
Bonds (1st Mort., Series " B,") deposited | 115 mo 00
withTreas. of St'eof N.C.,forCon.Lab. f
Profit and Loss 16564957
Total Assets. . .
...$3,361,346 71
Total Liabilities... . .83.301.34671
Funded debt consisted, March 31, 1887, of :
1st mtge. 6 per cent. 30-year $1,000 coup,bonds (Series A) dated June, 1886,int. J.& D.$l, 500,000
Istmtge. in. 30-yr. $1,000 coup. bds. (Ser. B),dated June, '86, int. when issued, J.& D. 750,000
Series " A " bonds are secured by mortgage upon 150 miles of road from S. C. State Line
to Greensboro', and the equipment belonging to that division. Series " B " bonds are secured
by mortgage upon 75 miles of road from Greensboro' to the Virginia State Line, and the equip-
Iment of that division only. Of these only $115,000 have been issued, and they are held by
the State Treasurer for convict labor, to be returned to the company on completion of road.
574 POOR'S MANUAL OF BATLROADS.
All the new work done has been with means provided by the construction company,
which has also paid off all former liabilities of the railroad company. In addition to the
amount of stock issued as above (of which the Improvement Company owns $550,000), there
were issued $65,000 to subscribers who had not paid in full, and $43,000 for the franchise
and property of the Fayetteville and Florence RR. Co., with 36 miles of graded road, from
Fayetteville to Shoe Heel. Provision was made for an issue of 6 per cent. 80-year 1st mort-
gage bonds, at $10,000 per mile, interest January and July ; also 2d mortgage income bonds,
interest non-cumulative, at $5,000 per mile, on the completion of the road in sections of five
miles.
Interest payable at Farmers' Loan and Trust Co., New York, N. Y. Voting power at-
taches to stock on thirty days' ownership. Annual meeting, first Thursday in May ; books
close thirty days prior thereto. Trustees of bonds : 1st mortgage, Farmers' Loan and Trust
Co., New York, N. Y.
SOUTH CAROLINA PACIFIC RAILWAY.— North Carolina State Line to Bennettsville, S. C.,
10.50 miles. Sidings, etc., 0.75 mile. Rail (steel, 10.50 miles), 50 !bs. Chartered February 9, 18-R2 ; road opened
December 5, 1884. Leased to Cape Fear and Yadkin Valley Ry. Co. for 30 years from date of completion : rental
interest on bonds. Capital stock, $100,000 ; funded debt, $104,600 1st mortgage 6 per cent. 30-year bonds, cluu
October 1, 1914, interest April and October, first coupon payable April 1, 1886 — total stock and bonds, representing
cost of road, $204,600. JULIUS A. GBAY, President, Greensboro', N. C.; C. S. McCall, Secretary, Bennettsville,
S. C.
Board of Directors C. F. & Y. V. Ry. Go., elected May 6, 1886.
K. M. Murchison. .New York, N. Y.
Chas. P. Stokes Richmond, Va.
J. M. Worth Asheboro1, N. C.
W. A. Moore Mount Airy, N. C.
W. A. Lash Walnut Cove, N. C.
J. T. Morehead. . . .Lcaksville, N. C.
Julius A. Gray. . .Greensboro', N. C.
D. W. C. Benbovv. Greensboro', N. C.
Ensreue Morehead Durham, N. C.
Robert T. Gray Raleigh. N. C.
John D. Williams. Fayeiteville, N. C.
E. J. Lilly Fayetteville, N. C.
JULIUS A. GRAY, President Greensboro', N. C.
Treasurer — James R. Williams Fayetteville, N. C. | Secretary— John M. Rose Fayetteville, N. C.
PRINCIPAL OFFICE AND ADDRESS Fayetteville, N. C.
CAROLINA CENTRAL RAILROAD COMPANY.
Line of Road. — Wilmington, N. C., to Rutherfordton, N. C 267 miles.
Sidings, etc., 13 miles. Gauge, 4 ft. 8£ in. Rail (steel, 48.5 miles), 50 and 56 Ibs.
History. — Chartered as Wilmington, Charlotte and Rutherfordton RR. Co., February
14, 1855. Its successor, the Carolina Central Ry. Co., was chartered February 20, 1873, and
took possession May 3, 1873. Road completed September 22, 1875. Receiver appointed April
5, 1876, road, etc., sold under foreclosure May 31, 1880, and the Carolina Central RR. Co.
(purchasing bondholders of Carolina Central Ry. Co.), organized July 14, 1880. A branch
from Abbottsburg to an extensive body of timber near the South Carolina boundary, 9 miles,
was completed in the spring of 1881. During 1883 a controlling interest was acquired in this
line by the Seaboard and Roanoke RR. Co. The extension to Rutherfordton, 125 miles, was
built in 1886 and opened early in 1887.
Rolling Stock. — Locomotive engines, 21. Cars — passenger, 12 ; baggage, mail, etc., 5 ;
freight (box, 245 ; flat, 124 ; stock, 5), 374— total, 391. Also, 62 service and other cars.
Operations for the year ending March 31, 1887. — Traffic statistics not furnished.
Earnings.— Passenger $90.860 70
Freight 382,909 32
Mail and Express 19,979 28
Miscellaneous 6,516 42
Total ($2,067.21 per mile) $500,265 72
Expenses. — Maintenance of Way
Motive Power and Cars ........ not
Transportation ................. fnr-
General ...................... J nished-
Total ($1,307.82 per mile) ................ $316,493 06
Net earnings (36.73 per cent.), $183,772.66. Payments not reported.
Financial Statement, March 31, 1887.— Capital stock, $1,200,000 ; funded debt, $4,700,-
000 ; bills payable, $143,454.46; current accounts, $46,194.12; profit and loss, $39,189.55—
total, $6,128,836.13. Contra : Cost of road, $5,620,692.3-3 ; cost of extension, $327,549.94 ;
materials, $22,564.80 ; accounts, $'20,193.75 ; cash in bank, $7,014.04 ; profit and loss, 1881 to
1886 inclusive, $130,821.28.
POOR'S MANUAL OP RAILROADS.
575
Statement of earnings and expenses for eight years (ending March 31), 1879 to 1886 :
1879
1880
1881
1882
1883
1884
1885
1886
Gross Earnings
S
420,765
$
466 520
$
564029
8
60S 875
9
596 329
$
555 275
$
528 122
S
477484
Operating Expenses
256,806
277,250
313,193
531 063
427 858
490 977
456 401
825 733
Net Earnings
163,959
189,270
250,836
73,812
168,471
64398
71,721
151,752
Gross Earnings per Mile. . . .
Operat'g Expenses per Milt-
Net Earnings per Mile
1,738 70
1,061 18
677 52
1,927 77
1,147 32
780 45
2,330 69
1,294 23
1 036 46
2,495 35
2,194 47
300 88
2,464 17
1,768 01
696 16
2,294 63
2,028 83
265 70
2,182 32
1,885 96
296 36
1,973 08
1.340 00
627 08
Expenses to Earnings
61.03 p. c.
59.43 p. c.
55.52 p. c.
87.94 p. c.
71.75 p. c.
88.42 p. c.
86.42 p. c.
68.22 p. c.
Trustees' Account, December 31,1885.— Balance December 31, 1884, $1,481,463.62 ; cash
during year, $168,257.74; interest on land fund, $217,733.62— total, $1,867,454.98. Contra:
1,259 first mortgage bonds, $1,259,000; bond interest and premium paid, $29,881.27; trus-
tees' expenses, $27,437.32 ; balance, December 31, 1885, $551,136.39— total, $1,867,454.98.
Statement of funded debt, March 31, 1887 :
1st mortgage 6 per cent, coupon $1,000 bonds, due July 1920, int. Jan. and July (authorized, $2,000,000).$2,000,000
2d mortgage non-cumulative income 6 per cent, registered $1,000 bonds, due July, 1915 1,200,000
3d mortgage non-cumulative income 6 per cent, registered $1,000 bonds, due July, 1910 1,500,000
In addition to the above the company guarantees jointly with the Wilmington, Columbia
and Augusta RR. Co., and the Wilmington and Weldon RR. Co. — C. C. RR. Co., |; W., C.
& A. RR. Co., 4; and W. & W. RR. Co.,* ^—principal and interest on $279,000 bonds of
Wilmington Railway Bridge Co. These bonds are payable by instalments in 1881 to 1897.
Until 6 per cent, is paid on 2d mortgage income, no interest is payable on 3d mortgage
income bonds. All securities are payable, principal and interest, in gold coin, in the city of
New York. Capital stock is to be held by Reconstruction Committee for five years from No-
vember 1, 1879, in trust for holders of new 2d mortgage bonds (10 shares to each $1,000 bond};
but same may be distributed sooner when full interest upon 2d mortgage bonds shall have
been paid, upon request, in writing, of two-thirds in amount of the 2d mortgage bondhold-
ers. The term Income, as used on 2d and 3d mortgages, shall be construed to mean such
surplus earnings of the railroad as shall remain after paying all expenses of operating the
road and carrying on its business, including all taxes, assessments and interest on prior liens,
cost of repairs of road and equipment, po that the efficiency be maintained in high condition;
also the cost of such additional equipment as may be deemed necessary for the business of
the road. All questions of expenditures within discretion of Board of Directors.
Directors (elected May 5, 1887).— D. W. Gates, Charlotte, N. C.; R. S. Tucker, Raleigh,
N. C.; W. W. Chamberlaine, Norfolk, Va.; J. Livingston Minis, Severn Eyre, R. C. Hoff-
man, Jno. M. Robinson, J. S. Whedbee, Baltimore, Md.; Isaac Bales, Wilmington, N. C. ;
C. H. Roberts, Calvin Goddard, New York, N. Y.
JOHN M. ROBINSON, President Baltimore, Md.
General Manager— John C. Winder Ealeigh, N. C. | Sec. and Treat. — John H. Sharp Wilmington, N. C.
Superintendent— I*. C. Jones Wilmington, N. C.
PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.
CENTRAL RAILROAD OF SOUTH CAROLINA.
Line of Road. — Lane, S. C., to Sumter, S. C 40 miles.
Sidings, etc., 2.69 miles. Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs.
Chartered March 8, 1881 ; opened April 1, 1882. Leased to the Northeastern and the
Wilmington, Columbia and .Augusta RR. companies, and operated on joint account. The
lessees agree to pay all taxes, to keep the road in good condition, to pay $1,000 for organiza-
tion purposes, and to pay a rental of $30,000 a year.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 3 ; freight (box, 25 ; platform,
30), 55— total, 58.
Operations for year ending September 30, 1886 (Lessees' account). — Trains run— passen-
ger, 29,680 ; freight, 59,470 ; other, 8,300— total, 92,450 miles. Passengers carried, 35,668 ;
576 POOR'S MANUAL OF RAILROADS.
carried one mile, 562,540. Tons freight moved, 87,441 ; moved one mile, 2,473,759. Earn-
ings—passenger, $16,400.07; freight, $72,064.65 ; mail and express, $1,938.57; other, $132.-
76 — total, $90,536.05. Expenses — maintenance of way, $20,151.89 ; motive power and cars,
$25,840.05 ; transportation, $12,304.07 ; miscellaneous, $3,055.08— total, $61,351.09. Net
earnings, $29,184.96. Paid lease rental, $31,000. Balance, deficit, $1,815.04.
Financial Statement, September 30, 1885 (Lessor company). — Capital stock (par, $50),
$170,000 ; funded debt, 1st mortgage 6 per cent, gold coupon 40-year bonds, due 1921, $300,-
000 ; vouchers and accounts, $11,363.94 ; profit and loss, $171.15— total, $481,435.09. Contra :
Construction, $426,362 ; equipment, $43,638 ; sundry dues, $11,535.09.
Directors. — S. S. Solomons, T. G. Barker, Arthur Barnwell, C. H. Simonton, James S.
Gibbes, Samuel Lord, Jr., P. L. Cleapor, Charleston, S. C.
S. S. SOLOMONS, President Charleston, S. C.
W. G. Gibbes, /Secretary and Treasurer Charleston. S. C.
PRINCIPAL OFFICE AND ADDRESS Charleston, S. C.
CHARLESTON AND SAVANNAH RAILWAY COMPANY.
Main Line of Road. — Charleston Junction, S. C., to Central Junction, Ga. . .97.00 miles.
Branch : Johns Island Station to Old Wharf (not operated} 8.75 miles.
T u ( North Eastern RR. — Charleston Junction to Charleston 7.00 miles.
~&£e • "j Savannah, Florida and W. RR. — Central Junction to Savannah 7.00 miles.
Operated : Ashley River RR 4.00 miles.
Total length of line (operated 115 miles) 123.75 miles.
Sidings, 21.0 miles. Gauge, 4 ft. 9 in. Rail (steel, 95 miles), 50 and 56 Ibs.
History. — Chartered as Charleston and Savannah RR. Co., February 18, 1854 ; road
opened in November, 1860. Reorganized as Savannah and Charleston, December 21, 1866,
and road reopened March 2, 1870. In September, 1873, default was made, and the road
placed in the hands of a receiver, by whom it was operated until June 7, 1880, when the road
was sold at auction, for $300,200, to H. B. Plant, acting for the bondholders. The name was
changed to the Charleston and Savannah Ry. Co., and the road was put in the hands of seven
directors, representing the different classes of bondholders, which board was empowered to
operate the road for a term of five years. Since the close of the fiscal year this company has
completed and opened its Sea Island Branch, from Ravenel Station to Young's Island, 5.5
miles.
Rolling Stock, December 31, 1886. — Locomotive engines, 21. Cars — passenger, 7 ; bag-
gage, mail, and express, 2 ; freight (box, 97 ; platform, 52 ; stock, 8 ; caboose, 6), 163 — total
cars, 172.
Operations for year ending December 31, 1886. — Traffic statistics not reported.
Earnings.— Passenger $224,753 50
Freight and Express 182,832 11
Mail 49,50536
Miscellaneous 28,070 19
Total ($4,218.79 per mile) $485,161 16
Expenses.— Transportation $102,914 83
Motive Power 93,589 74
Maintenance of Cars 32,366 94
Maintenance Way & Buildings.. 124,424 83
General 57,180 33
Total ($3,569.36 per mile) $410,476 67
Net earnings (15.40 per cent.) $74,684.49. Payments : Interest on bonds, $72,6'J5.00 ;
other payments, $369.66. Surplus, $1,689.83.
General Balance SJieet, December 31, 1886.
Cost of Road and Rolling Stock $3;552,287 10
Current Accounts 82,077 94
CashonHand 29,05718
Total Assets $3,663,422 22
Capital Stock (par, $100) $500,000 00
Funded Debt Outstanding 3,081,000 00
Current Accounts 80,732 39
Profit and Loss ... 1 ,i
Total Liabilities $8,063,422 22
Funded debt consists of $1,081,000 first mortgage 7 per cent. 50-year coupon $1,000
bonds, due 1936, interest January and July ; $1,000,000 first preferred income bonds, dated
March 1, 1886. and $1,000,000 second preferred income bonds, dated March 1, 1886.
Annual meeting, Monday preceding first Wednesday in March.
POOR'S MANUAL OP RATLKOADS. 577
ASHLEY RIVER RAILROAD.— Charleston and Savannah Ry. to Northeastern RR., 4 miles
(pteel). Opened in January, 1878. Operated by C. & 8. Ry. Co. Income account for year ending December 81,
1884.— Ren ml, $5.520 ; other receipts. $1,035— total, $6,.r:55. Expenses and taxes, $1,000.88. Net earnings, $5,-
4'.U.:W. Paid interest on funded debt, £2,680. Surplus. £2,S14.32. Preferred stock, $6.020 ; funded debt, 1st
niortiwge 8 per cent. 40-year bonds, due January 1, 1915, $33.500 ; interest due January, 1885, $1,340 ; profit and
loss, $20,661 .29-total, $61.521.29. Contra: Cost of road and equipment, $41,986.61; stock and other invest-
ments, $19,534.68. A. F. RAVKNEL, President, Charleston, S. C.
Board of Directors C. & 8. Ry. Co., elected March 1, 1886.
H. B. Plant New York, N. Y. I C. S. Memminger.. Charleston, S. C. ( A. F. Ravenel Charleston, S.C.
W. T. Walters Baltimore, Md. | W. H. Brawley. . . .Charleston. S. C. I William Cutting. .New York, N. Y.
B. F. Newcomer Baltimore, Md.
H. B. PLANT, President 12 West 23d St., New York, N. T.
Treasurer— 3 '. Moultrie Lee Charleston, S. C. I Secretary— B. F. Newcomer Baltimore, Md.
General Manager— H. S. Raines. .. Savannah, Ga.
PRINCIPAL OFFICE Charleston, S. C.
CHARLESTON, CINCINNATI AND CHICAGO RAILROAD COMPANY.
Main Line of Road (projected). — Charleston, S. C., to Ashland, Ky 600 miles.
Completed, February 1, 1887. — Blacks Station, S. C., to Kutherfordton, N. C 45 miles.
Under Construction, June 1, 1887. — Blacks Station, S. C., to Camden, S. C 105 miles.
Gauge, 4 ft. 8i in. Rail, 60£ Ibs.
History. — This company was chartered September 30, 1886, and succeeded to all the
rights of the Charleston, Cincinnati and Chicago RR.Co. of South Carolina, the Rutherfordton
Railway Construction Co. of North Carolina and the Rutherford, Marion and Tennessee Ry.
Co. of South Carolina. In the spring of 1887 this consolidated company was chartered
through and across the States of Virginia and Tennessee, with all the powers conferred by
the other States. Constructive operations were begun under the auspices of the Rutherford-
ton Railway Construction Co. by the breaking of ground at Rutherfordton September 19,
1885, but were not prosecuted with vigor until the fall of 1886, when the new company had
been formed. Toward the close of 1886 this company secured a controlling interest in the
Chattaroi Ry. Co., whose line extends from Ashland, Ky., south to Richmond, 50 miles, and
on May 5, 1887, the railroad and property of that company were sold under foreclosure of its
first mortgage preparatory to its reorganization and consolidation into the Charleston, Cin-
cinnati and Chicago RR. Co. The line from Blacks to Camden is expected to be completed
by January 1, 1888, as also an extension of the Chattaroi RR., south across the coal fields
of Virginia to Johnson City, Tenn.
Financial Statement. — Capital stock authorized, $15,000,000; first mortgage bonds author-
ized, $15,000,000, of which outstanding February, 1887, $780,000. The bonds are authorized
at the uniform rate of $20,000 per mile of completed road, are gold coupon bonds of $1,000
each, dated October 1, 1886, and due October 1, 1926, interest 6 per cent, payable quarterly,
January, April, July and October. Trustee, Boston Safe Deposit and Trust Co. of Boston,
Mass.
The line is being built under contract by the Massachusetts and Southern Construction
Co. of Boston, Mass. A. B. Harris, of Springfield, Mass., President.
Annual meeting, second Thursday of October, in Charleston, S. C.
Directors. — Frank Coxe, Philadelphia, Pa.; Richard Dozier, Georgetown, S. C. ; M. C.
Butler, Edgefield, S. C.; James D. Blanding, Sumter, S. C.; Henry K. Baker, William F.
Callender, Springfield, Mass.; J. T. Wilder, Chattanooga, Tenn.; P. P. Dickinson, Damon
N. Coats, New York, N. Y. ; Peter J. Sinclair, Marion, N. C. ; H. D. Lee, Shelby, N. C.; W.
L. Roddey, Rock Hill, S. C.; E. S. Brewer, Hartford, Conn.
FRANK COXE, President Philadelphia, Pa.
Vice-President— John T. Wilder Chattanooga, Tenn. I Genfral Manager— R. A. Johnson . .Boston, Mass.
Secretai-y & Treat*. — Henry K. Baker. Springfield, Mass. | Chief Engineer — Thos. E. Matson. .Johnson City, Tenn.
CORPORATE OFFICE Rock Hill, S. C.
PRINCIPAL OFFICE AND ADDRESS 315 Madison Avenue, New York City.
37
578 POOR'S MANUAL OF RAILROADS.
CHARLOTTE, COLUMBIA AND AUGUSTA RAILROAD COMPANY.
Main Line of Road. — Charlotte, N. C , to Augusta, Ga 191.00 miles.
( Atlantic, Tennessee and Ohio RR 44.00 miles.
Leased : \ Cluster and Lenoir RR. (including 10.1 m. \V. N. C. RR.) .109.30 miles.
( L/heraw and Chester RR 28 60 miles.
Total lengtb cf lines owned, leased, and operated 372.90 miles.
Sidings, 16.13 miles. Gauge, 4 ft. 9 in. Rail (steel, 103.14 miles), 50 and 65 Ibs.
History.— Consolidation, July 9, 1869, of the Charlotte and South Carolina (chartered in
1846 ; road opened in 1852), and the Columbia and Augusta (chartered in 1865 ; road opened
in 1869). A controlling interest in the stock of this company is owned by the Richmond and
West Point Terminal Railway and Warehouse Co. It was acquired by the Richmond and
Danville RR. Co. in 1878 and subsequently sold to the Terminal Co. The Atlantic, Tennessee
and Ohio is leased for 99 years from October 1, 1881, at a rental of $25,000 a year. The C'hester
and Lenoir was leased September 22, 1882, and the Cheraw and Chester September 29, 1882.
For terms see sub-head statements following.
On the 1st of May, 1886, this road and its leased lines were transferred under an operating
lease to the Richmond and Danville RR. Co. The gauge was changed from 5 ft. to the stand-
ard width about June 30, 1886.
Boiling Stock. — Locomotive engines, 19. Cars — passenger, 1st class, 11 ; 2d class, 1 ;
combination, 7 ; mail and express, 5 ; freight (box, 140 ; stock, 9 ; platform, 60 ; caboose, 10),
225— total, 249. Also, 1 pay and 10 shanty cars.
Operations for year ending September 30, 1886. — See tabulated statement below.
Earnings.— Passenger $210,279 00 Expenses.— Maintenance of Way §135,239
Freight 513,761 96
Mail 32,641 36
Express 11,775 38
Miscellaneous 17,301 67
Total ($2,080.34 per mile) $785,759 37
Maintenance of Cars 100,906 83
Motive Power 80,26728
Transportation 190,921 77
General and Taxes 70,657 17
Total (§1,415.91 per mile) §527.992 43
Net earnings (32.80 per cent.), $257,766.94. Payments : Interest on bonds, $188,650 ; on
floating debt, $4,767.29 ; to City of Augusta, $7,000 ; rentals, A., T. & O. RR., $25,000 ; C. &
L. RR., $23,556; C. & C. RR., $10,344.24— total, $259,317.53. Balance, deficit, $1,550.59.
Surplus, September 30, 1885, $214,768.62 ; less bond interest paid October 1, 1885, and
January 1, 1886, $55,921.25, and deficit for 1886, $1, £50.59 ; leaves surplus as per balance
sheet, $157,296.78.
General Balance Sheet, September 30, 1886.
Cost of Road and Equipment $5,284,008 17
Chester and Lenoir Extension 132,493 74
Change of Gauge 17,8&3 73
Stocks and Bonds 135,328 30
Miscellaneous Assets 1,786 33
Profit and Loss, Sundry Accounts 4,814 57
Total Assets $5,576,924 84
Capital Stock $2,578,000 00
Funded Debt 2,707,21831
Due Richmond and Danville, under Lease. 131,412 88
Miscellaneous Liabilities 221 89
Unpaid Bond Interest 2,775 00
Profit and Loss. . . 157,296 78
Total Liabilities $5,576,924 t-4
Funded debt consisted, September 30, 18S6, of —
1st mortgage (C. & A. RR.) 7 per cent. 25-year bonds, due Jan. 1, 1890 $189,500 00
1st mortgage (C., C. & A. RK.) 7 per cent." 25-year bonds, due Jan. 1, 1895 2,000,000 00
3d mortgage (C., C. & A. RR.) 7 per cent. 35-year bonds, due Jan. 1, 1910 500,000 00
Debenture (Char. & S. Car. RR.) 7 per cent. 20-year bonds, due Jan. 1, 1880 5,000 00
Fractional Bonds 218 31
Bonds Chester and Lenoir guaranteed by C., C. & A. Ry. Co 12,500 00
In 1883 the company executed a new mortgage to secure an issue of bonds limited in
amount to $3,000,000, having fifty years to run from July 1, 1883, bearing interest at rate of
6 per cent, payable semi-annually in New York on fi^t days of January and July, and secured
by a first consolidated mortgage on the entire property, subject to prior liens. Of these
bonds $2,695,500 are reserved in the hands of the trustees to retire prior issues, and the re-
mainder are in the hands of the company to be applied to liquidation of floating debt and for
POORS MANUAL OF RAILROADS.
579
improvements and additional equipment. Of the capital stock, $97,200 is still in possession
of the company. Interest on the 1st mortgage and 2d mortgage bonds is payable at First
National Bank, New York.
Statement 'of operations, etc., of C., C. & A. RR., proper, for six years, 1879-84, and of
the entire system for 1885-86 ; also capital accounts of the C., C. & A. ER. Co. for eight
years :
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles.. ..
Freight Train Miles
217,107
149,418
240,232
187,217
223,058
228,158
241,932
207,726
211,042
22i*,511
202,042
219,482
243,567
285,688
232,032
228,931
Total Engine M iles
417 861
482,677
520 121
509 261
487 504
503,989
699,896
657,449
Passengers Curried
62,384
76,799
96,535
106,841
152,754
154,351
216,887
206,884
Freight (tons) Moved. . . . ; .
96,476
131,298
167,125
169,487
199,274
202.732
270,588
262,388
Gross Traffic Earnings
Expenses and Taxes. ,
$
458,168
230,062
$
639,591
836,925
$
626,920
895,938
$
601,625
419,632
I
702,841
423,768
$
627,854
446,090
$
820,967
462,957
$
785,759
527,992
Net Traffic Earnings
228,429
202,6K6
230,982
181,993
279,073
181,764
364,010
257,767
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
2,350 08
1,179 81
1,170 27
2,767 03
1,727 72
1,089 31
3.282 30
2,073 08
1,209 22
8,149 87
2,197 02
952 85
3.575 08
2,218 68
1,356 40
3,287 19
2,335 55
951 64
2,217 66
1,241 50
9? 6 16
2,080 34
1,415 91
664 43
Expenses to Earnings
Capital Stock
63.71 p. c.
$
2,578,000
62.44 p. c.
$
2,578,000
63.16 p. c.
2,578,000
69.75 p. c.
$
2,578,000
60.29 p. C.
$
2,578,000
71.05 p. c.
8
2,578,000
55.98 p. c.
$
2,578,000
67.20 p. C.
$
2,578,000
Funded Debt
2,700,971
2,697,971
2,696,917
2,695,917
2,695,917
2,696,917
2,708,218
2,707,218
Bills and Accounts
144,941
180,731
282,809
364,297
325,718
409,995
284,774
134,410
105,122
99,393
12r,656
108,878
185,171
110,657
214,769
157,297
Total Liabilities
5,529,034
5,556,095
5,685,382
5,747,092
5,784,806
5,795,569
5,735,761
5,576,925
Eoad and Equipment
5,132,315
5,132,315
5,181,985
5,213,007
5,213,346
5,218,470
Real Estate
61,335
61,335
61,335
61,360
64,824
64,824
Chester & Lenoir Ext
132,494
132,494
132,494
Stocks and Bonds
299,895
299,895
294,895
294,895
197,857
135,430
135,329
135,328
Accounts, Cash, etc
35,489
62,560
147,167
177,770
176,285
244,351
183,330
6,601
Total Resources
5,529,034
5,556,095
5,685,382
5,747,092
5,784,806
5,795,569
5,735,761
5,576,925
Annual meeting, first Wednesday in December. Transfer agency, Union Trust Com-
pany, New York ; registry office, Central Trust Company. New York. Interest on first and
second mortgage and Columbia and Augusta bonds is payable at the First National Bank,
New York, N. Y. ; on the consolidated gold bonds (none outstanding), at the New York office
of the company. Stock and first and second mortgage bonds listed on Baltimore Stock Ex-
change ; also stock first mortgage bonds on New York Exchange.
RAILROADS LEASED OR OWNED BY THE C., C. AND A. RR. Co.
ATLANTIC, TENNESSEE AND OHIO RAILROAD.-Charlotte to Statesville, N. C., 44
miles ; total track, 49. 37 miles. Road completed in 1860 ; in 18(53 rails taken up and used for the Piedmont Rail-
road. Relaid June 22,1871. Leased for 99 years from October 1, 1881, to the Charlotte. Columbia and Augusta
RR. Co., for $25,000 per annum, being interest on bonds and 4 per cent, on stock. Dividends are paid regularly,
April 10 and October 10. On January 18, 1882, the gauge was changed from standard to 5 feet width, to conform
to that of the C., C. & A. RR., and on June 1, 1886, the road was reconverted to standard gauge. Financial
Statement —Capital stock, $400,000 ; funded debt, $150,000— total, $550,000. Per contra : Koad and equipment,
$612.693.82. Bonds are 1st mortgage 6 per cent., due in 30 years. There is no floating debt. The stock is non-
taxable, dividends guaranteed for 99 years. W. R. MTKRS, President; John J. Gormley, Secretary and Treas-
urer. CORPORATE OFFICE, Charlotte, N. C.
CHERAW AND CHESTER RAILROAD.— Chester to Lancaster, S. C., 29 miles ; total track
(steel, 1.56 miles), 30.85 miles. Gauge, 3 ft. Rail, 30 Ibs. Chartered February 27, 1873 ; road opened to Fishing
Creek in 1877 ; to Catawba River in 1879 ; to Lancaster in 1880. Leased and operated by the C., C. & A. RR. Co.,
lessee agreeing to pay 1| percent, on stock and assume all outstanding debts. Locomotive engines, 3. Cars —
passenger, 2 ; freight, 12 ; other, 10— total, 24. Rental for 1884-85— interest and dividends, $9,902.50. Capital
stock (850 shares)— common, $93.900 ; preferred, $175,000 ; funded debt, 1st mortgage 7 per cent. 20-year bonds,
due July 1, 1W)7, $100,00u ; floating debt, $10,481.41— total, $379.381.41. Construction. $326,924.11; equipment,
$28,845- total. 835o,769.11 : other investments, $18,930; cash and cash items, $4,682.30. W. H. HARDIN, Presi-
dent; D. Hemphill, Secretary and Treasurer, Chester, S. C.
CHESTER AND LENOIR RAILROAD.— Chester, S. C., to Lenoir, N. C., 109.3 miles, of which
10.1 miles from Newton and Hickory is over the Western North Carolina RR., a third rail being laid between
these points for the accommodation of narrow-gauge equipment. Total length of railroad owned. 99.2 miles;
total track owned (steel, 27.2). 105 miles. Gauge, 4 ft. 9 in. Rail, 30 Ibs. Locomotive engines, 3. Cars— passen-
ger, 3 ; mail, 2; freight, 18; other, 7— total. 80. Consolidation, April 3, 1874, of the King's Mountain RR. Co., char-
tered December IS). 1849, and completed September 7, 1852, and the Chester and Lenoir PR. Co., chartered Feb-
ruary 26, 1873, and opened to Lincolnton, N. C., 63 miles, in 1880. On the 22d of September, lSt-2, the road was
leased for 99 years to the. Charlotte, Columbia and Augusta RR. Co., that company guaranteeing 1$ per cent, on
stock and assuming all outstanding indebtedness ; also agreeing to extend the line to Lenoir within eighteen
months after the date of It^ase. The lessee was also authorized to issue bonds, to be secured by a mortgage on
the road, the proceeds to be used in improving the property. The road was opened to Lenoir June 2, 1884.
During the past year che gauge was changed from 3 ft. to the standard width. Rental, 1883.-1884— floating debt
580 POOR'S MANUAL OF RAILROADS.
paid. $8,179.07 ; coupons paid, $16,642.50 ; dividends paid, $5,000— total, $29,821.57. Financial Statement (latest
fornUned): Capital stock, $345,000 : funded debt, 1st mortgage 7 per cent. 20-year bonds, due July 1. 1900, inter-
est January and July, $-.227,000 ; notes payable, $18,000 ; vouchers and accounts, $2,000 ; profit and lo*>
609.44— total, $1)87,609.44. Per contra : Construction and equipment, $628,328 ; cash and other assets, $9,281.44.
W. H. HAKDIN, President, Chester, S. C.; James Mason, Secretary and Treasurer, Yorkville..S. C.
Hoard of Directors C., C. & A. RR. Co., elected December, 1886.
A. C. Haskell Columbia, 8. C.
A. B. Davidson Charlotte, N. C.
8. B. Alexander . . . .Charlotte, N. C.
F. W. McMaster.... Columbia, 8. C.
Eli B. Spring Charlotte, N. C.
Charles Estes Columbia, S. C.
Josiah Sibley Augusta. Ga.
R. Y. McAden Charlotie, N. C.
B. W. Bettis, Jr Columbus, S. C.
James H. Rion...Winnsboro', 8. C.
J. O. Matheson Augusta, Ga.
W. P. Clyde New York, N. Y.
W. B. Stanley Columbia, S. C.
George S. Scott. . . .New York, N. Y.
F.W.Huidekoper. . Washington.D.C.
J. J. McLnre Chester, S. C.
A. S. Buford .Richmond, Va.
The Mayor (ex-officio) .Augusta, Ga.
A. C. HASKELL, President Columbia, S. C.
Secretary— John Craig Columbia, S. C. | Treasurer— John C. B. Smith Columbia, S. C.
PRINCIPAL OFFICE AND ADDBESS Columbia, S. C.
New York Agency... No. 2 Wall Street, New York, N. Y.
CHERAW AND DARLINGTON RAILROAD COMPANY.
Line of Road.— Florence, S. C., to Cheraw, S. C 40 miles.
Sidings, etc., 2 miles. Gauge, 4 ft. 9 in. Rail — iron, 45 ; steel (4 miles), 56 Ibs.
History. — Chartered December 19, 1849 ; road opened November 29, 1853.
Rolling' Stock, September 30, 1886. — Locomotive engines, 4. Cars — passenger, 3 ; ex-
press and baggage, 1 ; freiglit (box, 24 ; platform, 6), 30 — total, 34.
Operations for year ending September 30, 1886. — Traffic statistics not reported. Earn-
ings—passenger, $15,577.86; freight, $57,238.07; mail and express, $2,416.01; other, $792.04
— total ($1,900.60 per mile), $76,023.98. Expenses — maintenance of way, $18,947.25; main-
tenance of cars, $3,399.70 ; motive power, $8,519.67 ; transportation, $12,394.71 ; miscella-
neous, $3,974.95— total ($1,180.90 per mile), $47,236.28. Net earnings (38.00 per cent.), $28,-
787.20; add interest and dividends, $1,231.24— total, $30,018.94. Payments— interest on bonds,
$18,130; adjustment of agents' accounts, $25.11— total, $18,155.11. Surplus, $11,863.83 ; sur-
plus from last year, $72,936.45— total, $84,800.28.
Financial Statement, September 30, 1886.— Capital stock (par, $50), $392,100 ; funded
debt, $236,000 ; current accounts, $19,327.71 ; profit and loss, $84,800.28— total, $732,227.99.
Contra: Construction and equipment, $680,000; real estate, $649.31; current accounts,
$10,802.01 ; cash, $40,516.67 ; stocks and bonds, $260.
Funded Debt: 1st mortgage 8 per cent, bonds, 1871-88, interest April and Oct $161,000
2d mortgage 7 per cent, bonds, 1868-88, interest January and July 75,000
Trustees of bonds, Robert Adger(>Edward McCrady and E. H. Frost. Interest payable
at the People's National Bank, Charleston, S. C., and at the treasurer's office. Annual meet-
ing Thursday after third Monday in November.
Directors (elected November 20, 1886).— W. T. Walters, B. F. Newcomer, H. Walters,
Baltimore, Md.; R. R. Bridgers, Wilmington, N. C.; Thomas Frost, Charleston, S. C ; H. D.
Malloy, J. B. Breeden, Bennettsville, S. C.; W. C. Coker, W. A. Carrigan, Society Hill, S. C.
A. F. RAVENEL, President Charleston, S. C.
Secretary— J . H. Mclver Cheraw, S. C. | General Manager— H. Walters Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Cheraw, S. C.
CHERAW AND SALISBURY RAILROAD COMPANY.
Line of Road. — Cheraw, S. C., to Wadesboro', N. C 25 miles.
Gauge, 4 ft. 9 in. Rail (steel), 45 Ibs. per yard.
History. — Chartered in 1857 ; road opened in 1880. Operated by Cheraw and Darling-
ton RR. Co.
Operations for year ending September 30, 1886. — Traffic statistics not reported. Earn-
ings—passenger, $8,905.65 ; freight, $15,511.90 ; mail and express, $1,312.68 ; other, 292.00
—total, $21,022.23. Operating expenses, $13,394.14 Net earnings, $7,628.09. Paid inter-
POOR'S MANUAL OF RAILROADS. 581
est, $12,703.24. Deficit for year, $5,075.15 ; surplus, October 1, 1885, less $G53.38 charged
during year, $12,792.56 — balance, net surplus, $7,717.41.
Financial Statement, September 30, 1886.— Capital stock (par, $50), $599,250 ; funded
debt, $160,000; certificates of indebtedness, $21,525 ; current accounts, $263.63; profit and
loss, $7,717.41 — total liabilities, $789,316.04. Contra : Cost of road, $783,937.35 ; current
accounts, $1,124.68; cash, $4,254.01— total assets, $789,316.04.
Funded Debt : First mortgage 7 per ceut. bonds, 1879-1910, interest April and October,
$160,000 ; 7 per cent. 10-year certificates of indebtedness, due in 1892, interest April and
October ($22,400 authorized), $21,525. Interest is payable at People's National Bank, Charles-
ton, S. C., and at the office of the company, Cheraw, S. C.
Directors (elected November 20, 1886).— W. T. Walters, B. F. Newcomer, H. Walters,
Baltimore, Md.; R. R. Bridgers, Thomas Frost, W. A. Carrigan, J. B. Breeden, H. D. Mal-
loy, W. C. Coker, Society Hill, S. C.
A. F. RAVENEL, President Charleston, S C.
General Manager— R. Walters Baltimore, Md. | Secretary — T. H. Mclver Cheraw, S. C.
PRINCIPAL OFFICE AND ADDRESS Cheraw, S. C.
CITY AND SUBURBAN RAILWAY COMPANY.
Main Line of Road. — Savannah, Ga., to Montgomery, Ga 10.50
P , j Sandfly Station to Isle of Hope, Ga 0.88
• | Cedar Hammond to Happy Retreat, Ga 0.33—11.71 miles.
Sidings, 0.13. Gauge, 5 ft. Rail (steel, 4.41 miles), 30 and 35 Ibs.
The company also owns in Savannah 5| miles of street railroad, on which are employed
130 horses.
History. — Chartered as Savannah, Skiddaway and Seaboard in 1867 ; road opened in
1868. Sold by the receivers for payment of its mortgage bonds, March 7, 1882, and pur-
chased by A. L. Hartridge and J. Rauers for their private account. Present company organ-
ized in April, 1882.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 10 ; baggage, etc., 3; freight
(box, 2 ; platform, 4), 6 — total, 19. Also 40 street railway cars.
Operations for year ending December 31, 1886. — Traffic statistics not reported. Gross
earnings, $100,772.20. Operating expenses, $65,754.64. Net earnings, $35,017.56. Paid
interest on bonds, $17,500. Balance, surplus, $17,517.56.
Financial Statement, December 31, 1887.— Capital stock, $50,000 ; funded debt first
mortgage $200,000, 7 per cent. 25-year $1,000 bonds, due 1907, interest payable February,
May, August, and November, secured on 10 miles of suburban, and 5.5 miles of city line ;
second mortgage $50,000 7 per cent. 20-year $500 bonds, due 1903, interest payable January
and July — total stock and bonds, $300,000. Contra: Cost of road and equipment, $246,500 ;
real estate and buildings, $50,000 ; street car animals, $15,000— total, $311,500.
Directors (elected December 31, 1886). — J. H. Johnston, A. L. Hartridge, C. M. Cun-
ningham, Savannah, Ga. ; H. R. Duval, Jacksonville, Fla.
JAMES H. JOHNSTON, President Savannah, Ga.
Treasurer— E. Schmidt Savannah, Ga. | Secretary— A. L. Hartridge Savannah, Ga.
PRINCIPAL OFFICE AND ADDRESS Savannah, Ga.
CLARKSBURG, WESTON AND GLENVILLE UAILROAD COMPANY.
Line of Road.— Clarksburg, W. Va., to Weston, W. Va 26 miles.
Sidings, 1 mile. Gauge, 3 ft. Rail (steel, 15 miles), 30 Ibs.
History. — Chartered in 1875 ; road opened in September, 1879.
Rolling1 Stock. — Locomotive engines, 4. Cars — passenger, 3 ; baggage, 1 ; freight (box,
8 ; stock, 6 ; gondolas, 35), 49 — total, 53. Also, 4 service cars.
Operations for year ending Dec. 31, 1886. — Earnings— passenger, $15,975.71 ; freight,
582
POOR'S MANUAL OF BAILROADS.
$29,985.10; mail and express, $3,764.10; other, $779.01— total ($1,942.46 p*r mile), $50,-
504.00. Expenses and taxes ($1,346.69 per mile), $85,013.96. Net earnings (:;0.67 per cent.),
$15,490.04. Payments : Interest, $9,000; dividends, $6,993.00. Deficit, $502.96. Dividends
January, 3 per cent., and July, 4 per cent., making in all 12 paid to date. Interest paid in
Weston, W. Va., and New York City ; dividends in Weston, W. Va. Annual meeting, first
Tuesday in September.
Financial Statement, December 31, 1886.— Capital stock (par, $50), $99,900 ; funded
debt (1st mortgage 6 per cent. Weston and West Fork RR. Co. bonds, da^ed January 27, 1879,
payable 34 years from date or sooner, at the option of the company, interest January and
July. $100,000 ; 1st mortgage 6 per cent. C., W. & G. RR. and T. Co. bonds, dated Septem-
ber 25, 1832, payable 30 years from date or sooner, at option, interest January and July, $50,-
000), $150,000— total) $249,900. Contra: Construction, $225,000; equipment, $25,000; real
estate, etc,, $5,000— total, $255,000.
Directors (elected September 7, 1886).— A. H. Kunst, J. M. Bennett, M. W. Harrison,
W. G. Bennett, J. G. Vandervort, A. A. Lewis, T. A. Edwards, Weston, W. Va. ; J. N. Cam-
den, T. B. Camden, W. N. Chancellor, Parkersburg, W. Va. ; Isaac Jackson, Jane Lew, W.
Va.; G. A. Newton, Buckhannon, W. Va. ; Andrew Edmiston, Weston, W. Va.
A. H. KUNST, President and, General Manager Weston, W. Va.
J. M. Bennett, Vice-President Weston, W. Va.
Secretary— W. G. Bennett Weston, W. Va. | Treasurer— M. W. Harrison Weston, W. Va.
PRINCIPAL OFFICE AND ADDRESS Weston, W. Va.
Transfer Office Clarksburg, W. Va.
COLUMBIA AND GREENVILLE RAILROAD COMPANY.
Main Line of Road.— Columbia, S. C. , to Greenville, S. C 142.50 miles.
Abbeville Brtinch : Hodges to Abbeville i.ll.SO
Anderson Branch : Belton to Anderson 9.8(1 — 21.30 miles.
( Blue Ridge RR. : Anderson to Walhalla 32.40
Leased : •] Luurens Railway : Newberry to Laurens 30.00
( Spartanburg, Union & Columbia RR.: Alston to Spartanburg.68.00 — 130.40 miles.
Total length of road operated 294.20 miles.
Sidings, etc., 11.32 miles. Gauge, 4 ft. 9 in. Rail (steel, 67.07 miles), 50 Ibs.
History. — The Greenville and Columbia RR. Co. was chartered in December, 1846, and
road fully opened in December, 1853. Defaulted January 1, 1872; funded two-years' coupons
in 10-year 7 percent, bonds, and resumed payment January 1, 1874. New mortgage, intended
to cover all classes of bonds, made July 15, 1876. Road and all property placed in the hands
of a receiver November 28, 1878 ; sold under foreclosure April 15, 1880 ; and company re-
organized under present name November 24, 1880. The proprietary and leased lines, named
above, have been acquired eince the reorganization. Leased May 1, 1886, to the Richmond
and Danville RR. Co., and now operated as the Columbia and Greenville Division of the
Richmond and Danville system. The whole is under control of the Richmond and West
Point Terminal Co. Gauge changed from 5 ft. to the standard width June 1, 1886.
Rollins: Stock, September 30, 1886. — Locomotive engines, 20. Cars — passenger, 9 ; com-
bination, 6; mail and express, 4; fieight (box, 81 ; stock, 9; flat, 60 ; caboose, 15), 165—
total, 184. Also, 1 officers', 1 pay, and 17 shanty cars.
Operations for year ending September 80, 1886.— Train mileage — passenger, 131,119 ;
freight, 167,203; mixed, 57,484; other, 62,775— total, 419,581 miles. Passengers carried,
144,244. Tons of freight moved, 170,907.
Earnings.— Passenger $139,400 51
Freight 477,633 56
Mail 18,409 05
Express 7,62577
Miscellaneous 12,563 00
Total (§2,228.52 per mile) $655,631
Expenses.— Transportation $104,907 00
Motive Power 67,657 26
Maintenance of Cars 17,78884
Maintenance Way & Buildings.. 188,192 18
General and Taxes 62,^53 12
Total ($1,498.29 per miltt) $440,798 35
POOR'S MANUAL OF RAILROADS. 583
Net earnings (32.80 per cent.), $214,833.54. Payments : Rental 8., U. & C. RR., $50,000;
repairs to washouts, $10,263.74; interest ou bonds, $180,000 ; on floating debt, $11,154.89 —
total, $251,418.63. Deficit, $36,585.09.
General Balance Sheet, September 30, 1886.
Railroad, etc. ($81, 389 per mile) $5,157,615 19
Lauiens Kailroad Purchase 98.150 98
Blue Ridge Railroad 33,564 29
Change of Gauge 20,551 61
Miscellaneous Assets 217 95
Old Accounts 1.777 16
Accounts Charged to Profit and Loss 4,043 37
Total Property and Assets $5,315,920 55
Capital Stock (Common) $1,000,000 00
Capital Stock (Preferred) 1,000,000 00
Funded Debt 3,000,000 00
Other Liabilities 28002
Coupons Unpaid 360 00
Due Richmond and Danville RR 190,023 86
Profit and Loss 125,256 67
Total Liabilities $5,315,920 55
The funded debt is described as follows :
1st mtg. 6 p. c. 35-yr. coup, or reg. $1,000 gold bds., dated Jan. 1, 1881, int. J. & J. $2,000,000 00
2d mtge. 6 per cent. 45-year $1,000 bonds, dated April 1, 1881, int. April & Oct. 1,000,000 00
Preferred stock dividends (6 per cent.) non-cumulative. Stock and bonds listed on New
York Stock Exchange. Annual meeting, first Thursday in December. Interest payable at
Park National Bank, New York. Stock transferred at Union Trust Company and registered
at Central Trust Company, New York.
RAILROADS OWNED OK LEASED BY THE COLUMBIA AND GREENVILLE RAILROAD COMPANY.
BLUE RIDGKE RAILROAD.— Anderson, 8. C., to Walhalla, S. C., 32.50 miles. Chartered in 1852, and
road opened in 1859. As projected, will be carried to the Tennessee Line, anrl there connect with a line now
under construction from Knoxville south. The total distance between Knoxville and Anderson is about 185 miles.
The State of South Carolina supplied the chief means for constructing the road as now existing ; cost, about
$2,100,000.
LAURENS RAILWAY.— Newberry, 8. C., to Laurensville, S. S., 31.4 miles. Chartered in 1849 ; road
opened in 1854. Sold under foreclosure January 4, 1881 ; transferred to existing company (which is wholly con-
trolled by the C. & G. RR.) April 1, 1881.
SPARTANBURa, UNION AND COLUMBIA RAILROAD.— Alston, S.C.,to Spartanbure,
S. C., 68 miles. Originally the Spartanburg and Union. Sold under foreclosure June 7, 1880. Leased to C. & G.
RR. Co. for 99 years from April 1, 1881, at $59,000 a year. Rolling stock — locomotive engines, 4 ; passenger cars,
3; combination,3, freight (box, 6; flat, 14: stock, 3), 23— total, 29. Cost to date of sale, $1,340,582; cost to
present company, $308,000. No balance sheet.
Directors of 0. & G. RR. Co., elected December 2, 1886.
C. H. Suber Charleston, 8. C.
John L. Young
John C. Haskell
H. Beattie New York, N. Y.
R. L. McCaughrin... Columbia, S. C.
Joseph Walker . . . . .Columbia, S. C.
J. H. Rion. (deceased).
George S. Scott New York, N. Y.
F. W. Huidekoper Meadville, Pa.
J. Ferguson Columbia, S. C.
W. P. Clyde New York, N. Y.
E. B. Murray
A. C. HASKELL, President Columbia, S. C.
etary and Auditor— John Craig Columbia, S. C. \ Treasurei — John C. B. Smith Columbia, !
General Manager— E. B. Thomas Washington, D. C.
PRINCIPAL OFFICE AND ADDRESS Columbia, S. C.
COLUMBUS AND ROME RAILWAY COMPANY.
Line of Road. — Columbus, Ga., to Rome, Ga 125.00 miles.
In Operation : Columbus, Ga., to Greenville, Ga 50.00 miles.
Sidings, 2.30 miles. Gauge, 3 feet. Rail, 30 Ibs.
History. — Originally chartered as the North and South RR. Co., and opened under that
name, 23 milea, in 1877. The Columbus, and Rome RR. Co., its successor, extended the line
to Hood in 1880. On July 1, 1881, the road was purchased by its present owners, who ex-
tended the line to Chipley, one mile, in August of that year, and on March 4, 1882, reorgan-
ized the company under its present name. Extended from Chipley to Greenville, 16.75 miles,
February 2, 1885.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 4; combination,!; freight
(box, 20 ; platform, 15), 35 — total, 39. Also, 6 dump cars.
Operations for year ending August 31, 1885. — Train mileage, not reported. Passengers
carried. 30,391. Earnings — passenger, $19,882.86 ; freight, $44,573.07 ; mail, express and
584 POOR'S MANUAL or RAILROADS.
telegraph, $4,686 — total, $69,142.53. Operating expenses, $65,481.18. Net earnings,
$3,761.35.
Financial Statement, September 1, 1886.— Capital stock, $500,000 ; funded debt, first
mortgage 6 per cent. 30-year coupon $1,000 bonds, due January, 1914, interest January and
July, $200,000; bills payable, $19,000; Central RR. Bank, $27,018; due other roads, $1,-
200.72— total liabilities, $747,218.72. Contra : Cost of RR. and equipment, $733,000 ; cur-
rent accounts, $4,743.56; cash on hand, $323.94; profit and loss, $7,151.22 — total assets,
$747,218.72.
Annual meeting, third Tuesday in October ; books close 20 days prior thereto. Trustee
of bonds, Farmers' Loan and Trust Co., New York ; interest paid by same.
Directors (elected October 19, 1886).— W. H. Brannon, W. R. Brown, John Penbody, W.
L. Clark, Columbus, Ga.; S. J. Whiteside, Savannah, Qa. ; A. F. Hill, Greenville, Ga.
JOHN PEABODY, President Columbus, Ga.
General Manager— W. L. Clark Columbus, Ga. | Secretary and Treat.— J. M. Frazer Columbus, Ga.
PRINCIPAL OFFICE AND ADDRESS Columbus, Ga.
COVINGTON AND MACON RAILROAD COMPANY.
Line of Road. — Macon, Ga., to Monticello 50 miles.
Sidings, 3 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs.
History. — Chartered in 1885. Construction began on first division of road, Macon to
Athens, Ga., 108 miles, in spring of 1886; 34-mile section, Macon to Hillsborough, com-
pleted in March, 1887; and extension from Hillsborough to Monticello about June, 1887.
Grading now completed 60 miles north of Hillsborough, and track laying in progress. In
addition to the line from Macon to Athens, the company has projected extensions and
branches from Monticello via Covington to Marietta, Ga. (partially graded) ; from Monticello
west to Griffin, and east to Eatonton, and has also in view the ultimate extension of the line
south from Macon to a connection with the railroad systems of Florida.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 4 ; box, 20 ; platform, 26 —
total, 50.
Financial Statement, June 1, 1887.— Capital stock, $12,000 per mile ; funded debt— first
mortgage 6 per cent. 30-year gold $1,000 coupon bonds at rate of $12,000 per mile ; interest
payable at New York agency March and September ; bonds dated September 1, 1885, and due
September 1, 1915 ; trustee, Mercantile Trut-t Co. of New York, N. Y. Provision is made
for registration of bonds upon request of holder.
Annual meeting, first Wednesday in June.
Directors (elected July 31, 1886). — Douglass Green, Norvin Green, H. M. Herman, N. E.
Ingersoll, New York, N. Y.; B. W. Frobel, N. E. Harris, W. H. Ross, A. C. Palmer, Macon,
Ga.; John C. Key, Mnnticello, Ga.; C. G. Talmadge, W. H. Thomas, Athens, Ga.
DOUGLASS GREEN, President New York, N. Y.
B. W. Frobel, Vice-President Macon, Ga.
Secretary and Treas.—A.. Craig Palmer Macon, Ga. | Auditor— Chauncey V. Palmer Macon, Ga.
PRINCIPAL OFFICE AND ADDRESS Macon, Ga.
Transfer Office New York, N. Y.
DANVILLE AND NEW RIVER RAILROAD COMPANY.
Line of Road.— Danville, Va., to Stuart (Patrick C. H.), Va 75.09 miles.
Gauge, 3 ft. Kail (.steel, 33 miles), 35 Ibs. per yard.
History.— Chartt-red March 20, 1873; charter amended March 20, 1877. Road opened
to Maninsville, 43 miles, December 1, 1881, and completed to Stuart, August 1, 1884.
Rolling Stock. — Locomotive engines, 5. Cars — baggage, etc., 7; freight (box, 27 ; stock
1 ; coal, 3 ; platform, 29), 60 — total, 67. Also, 2 caboose cars.
POOR'S MANUAL OF RAILROADS. 585
Operations for year ending September 80, 1885. — Trains run, 125,875 miles. Passen-
gers carried, 40,897 ; freight moved, 20,078 tons. Earnings — passenger, $27,492.73 ; freight,
$60,084.58; mail, etc., $3, 262. 63— total, $90,839.94. Expenses, $67,113.55. Net earnings,
$23,726.39. Payments : Interest on bonds, $23,726.39.
Financial Statement, September 30, 1885 (latest furnished). — Capital stock (common,
$305,025 ; preferred, $60,000), $365,025 ; funded debt [1st mortgage (Eastern Div.) 6 per
cent. 80-year bonds, due July 1, 1911, interest January and July, $200,000; 1st mortgage
(Middle Div.) 6 per cent. 30-year bonds, due September, 1913, interest May and November,
$250,000 ; 1st mortgage (Western Div.) 30-year bonds due February, 1914, interest February
15 and August 15, $300,000], $750,000— total, $1,115,025. Contra: Construction and equip-
ment, $682,047.89.
Directors, elected (3d Tuesday1) November, 1886. — John H. Schoolfield, D. S. Lisberger,
J. G. Friend, Danville, Va.; R. G. Penn, D. W. Spencer, Spencer, Va.; W. B. Rucker, Stu-
art, Va.; W. R. Nunn, Stocton, Va.
JOHN H. SCHOOLFIELD, President Danville, Va.
Secretary and Treasurer— Or. K. Griggs. .Danville, Va. | Auditor— D. P. Stallard Danville, Va.
PBINCIPAL OFFICE AND ADDBESS Danville, Va.
DANVILLE, MOCKSVILLE AND SOUTHWESTERN RAILROAD COMPANY.
Line of Road.— Danville, Va., to Mooresville, N. C 120
Wilkesboro' Branch : Walnut Cove, N. C., to Wilkesboro', N. C 50—170 miles.
Gauge, 3 ft. Rail, 35 Ibs.
History. — Chartered March 3, 1881. In April, 1882, the road was opened from Cascade
Junction (D. & N. R. RR.) to Leakesville, 8 miles. Operated by the Dauville and New River
RR. Receiver appointed in 1885.
Financial Statement, December 31, 1884.— Capital stock paid in (par, $100), $84,000.
No funded debt.
Directors (elected May 26, 1884).— C. C. Sharp, Alexander Smith, M. M. Shivler, James
P. Dillard, Leakesville, N. C. ; E. C. Winstanley, Thomas R. Sharp, New York, N. Y.
J. T. MOREHEAD, Receiver Leakesville, N. C.
THOMAS R. SHAUP, President 1 Broadway, New York, N. Y.
V.-Pres. & Treas.— Smith M. Evans. .1 Broadway, N. Y. | Secretary— E. C. Winstanley New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Leakesville, N. C.
ELBERTON AIR-LINE RAILROAD COMPANY.
Line of Road. — Elberton, Ga., to Toccoa, Ga 50 miles.
Sidings, 0.64 mile. Gauge, 3 ft. Rail, 30 Ibs.
History. — Chartered December 13, 1871 ; road completed December 4, 1878. Operated
in connection with Richmond and Danville RR.
Rolling: Stock (latest furnished). — Locomotive engines, 2. Cars — passenger 2 ; baggage,
1 ; freight (box, 19 ; platform, 10), 29— total, 32.
Operations for year ending September 30, 1885. — Not reported. Earnings — passenger,
$8,952.16 ; freight, $27,714.96; mail and express, $2,530.39; other, $177.29— total, $39,374.80.
Operating expenses, $26,205.25. Net earnings, $13,169.55. Payments — not reported.
Financial Statement, September 30, 1884 (latest furnished).— Capital stock, $195,900;
funded debt, 1st mortgage 7 per cent. 20-year bonds, due July 1, 1898, interest January and
July, $150,000— total, $345,900. Contra: Cost of road, $352,937.08.
Directors (elected April 29, 1885).— J. H. Jones, T. J. Bowman, R, M. Heard, Elberton,
Ga.; E. Berkeley, L. L. McCleskey, C. W. Chears, Atlanta, Ga.; A. S. Buford, R. Brooke,
Richmond, Va. ; James Wilson, Toccoa, Ga.
JOHN H. JONES, President Elberton, Ga.
A. S. Buford, Vice-President Richmond, Va.
Treasurer— W. E. Turner Richmond, Va. ! Secretary— R. Brooke Richmond, Va.
General Manager— ft. B. Thomas Richmond, Va. I Auditor— E. A. Barber Richmond, Va.
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
586 POOR'S MANUAL OF RAILBOADS.
ETTTAWVILLE RAILROAD COMPANY.
Line of Road.— Pregnalls, S. C., to Elloree, S. C 34.75 miles.
Sidings, 1 mile. Gauge, 4 ft. 8£ in. Rail (steel), 30 Ibs.
History. — Chartered January 3, 1885 ; charter amended April, 1886. Road opened Sep-
tember, 1886.
Rolling Stock.— Locomotive engines, 3. Passenger cars, 2; baggage, etc., 1. Freight
cars furnished by South Carolina Ry. Co.
Operations, — Not reported.
Financial Statement, April 1, 1887. — Capital stock (authorized, $12,000 per mile of road ;
par, $100) paid in, $347,500 ; funded debt, $173,500 first mortgage ($5,000 per mile), 6 per
cent. 20-year gold coupon $1,000 bonds, due October 1, 1905, interest April and October — total
stock aud bonds, $521,000. Cost of road and equipment, $190,000.
Annual meeting, second Tuesday in March. Interest on bonds payable at New York,
N. Y., and Charleston, S. C. Trustees of bonds, Central Trust Co. of New York and E. H.
Pringle, Charleston, S. C.
Directors (elected March 8, 1887).— Rufus C. Barkley, S. J. Pregnal1,, Charleston, S. C.;
John Harlin, A. L. Merriam, L. Lissberger, New York, N. Y. ; A. A. Howlett, Syracuse, N.
Y.; Aug. A, Dame, Brooklyn, N. Y.
RUFUS C. BAEKLEY, President Charleston, S. C.
John Harlin, Vice- President New York, N. Y.
Secretary and Treas.—A.. L. Merriam. New York, N. Y. | Gen.Man.—l. W. Fowler Eutawville, S. C.
PRINCIPAL OFFICE AND ADDRESS Eutawville, S. C.
FLORIDA RAILWAY AND NAVIGATION COMPANY.
(Jacksonville, Fla., to Chattahoochee, Fla 209.00 miles.
Lines of Road. — •< Fernandina, Fla., to Cedar Keys, Fla 155.00 miles.
( Wa'do, Fla., to Withlacoochee, Fla 99.00 miles.
Jacksonville — Fernandina Branch : Hart's Roads to Fernaudina 22.00
Monticello Branch : Drifton, Fla., to Mouticello, Fla •. . . 4.00
St. Mark's Branch : Tallahassee, Fla., to St. Mark's, Fla 21 .00
Leesburgh Branch : Wildwood, Fla., to Tavares, Fla 23.00— 70.00 miles.
Total length of consolidated lines, December 31, 1885 533.00 miles.
Sidings, etc., 17.83 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 Ibs. per yard.
History, — Consolidation, February 28, 1884, of the Florida Transit and Peninsular, the
Florida Central aud Western, the Feruandina and Jacksonville, and the Leesburg aud Indian
River RR. Companies. See MANUAL for 1884, page 461.
The property was placed in the hands of a receiver early in November, 1885. The re-
ceiver has been authorized to borrow $800,000 with, which to put the road and equipment in
condition and complete the extensions.
Rolling' Stock. — Locomotive engines, 37. Cars — passenger, 33 ; baggage, mail and ex-
press, 15 ; freight (box, 245 ; stock, 5 ; platform, 285), 535. Also, 11 caboose cars.
Operations for year ending December 31, 1884 (average, 500 miles). — Trains run (passen-
ger, 2,245,902 ; freight, 5,062,759), 7,308,661 miles. Passengers carried, 194,651 ; carried one
mile, 9,908,465. Tons freight moved, 283,864 ; moved one mile, 22,337,196.
Earnings.— Passenger $335,29" 47
Freight 550,847 32
Mail 81,750 71
Express 50,931 96
Miscellaneous 32,762 37
Total ($2,003.18 per mile) $1,001,589 93
Expenses.— Maintenance of Way $187,845 11
RollingStock 99,868 15
Traffic 117,78291
Transportation 190,435 85
General Expenses 20,46008
Total ($1,232.78 per mile) $616,392 10
Net earnings (38.46 per cent.), $385,197.73. Paid interest on tonds, $343,900. Balance,
surplus, $41,297.73, which was expended in new work.
POOR'S MANUAL OF KATLROADS. 587
Financial Statement, December 81, 1884.— Capital stock— common, $6 617,000 ; pre-
ferred, $0,617,000— total stock, $18,234,000; funded debt ($16,000 per mile), $8,144,000— total
stock and bonds, $21,878,000.
Funded debt consisted, December 31, 1884, of —
Consol. mtg. (F. Ry. & Nav. Co.)6p.c. 40-yr. coup. gold bds,, due 1924, int. quarterly, J., A., J. & O $8,144,000
Of which $4,438,000 are deposited with the Central Trust Co. of New York to redeem the
following underlying bonds :
1st mtge. (Fla. Cent. & W. RR. 234 m.) 5 p. c. 40-yr. coupon bds., due 1922, int. Jan. and July $2.808,000
1st mtge. (Fla. Transit RR., 155 m.) 6 p. c. 30-yr. coupon bonds, due 1911, int. March and Si'ptf m!>er 1,000,000
1st mtge. (Peninsular of Fla., 50 m.) 7 p. c. 30-yr. coupon bonds, due 1906, int. January and July 250,000
1st mtge. (Fern, and Jacksv. RR., 22 m.) 6 p. c. 40-yr. coupon bonds, due 1923, int. January and July 380,000
Later information refused by the officials of this company.
Directors (elected March 17, 1885).— B. S. Henuing, H. L. Horton, R. Fulton Cutting,
D. L. Yulee, William E. Bond, E. N. Dickerson, E. H. Harriman, T. C. Plntt, L. M. LJ wson,
New York, N. Y. ; C. D. Willaid, Washington, D. C. ; Fred. W. Peck, C. I. Peck, Chicago,
111.; A. D. Basnet, Jacksonville, Fla.
H. R. DUVAL, Receiver Jacksonville, Fla.
B. S. HENNING, President New York, N". Y.
Treasurer— J. H. Thomas. .'. Jacksonville, Fla. | Vice-President— C. D. Willard New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Fernandina, Fla.
Transfer Office 85 Wall Street, New York, N. Y.
FLORIDA SOUTHERN RAILWAY COMPANY.
Main Line of Road. — Palatka, Fla., to Brooksville, Fla., and branches. . . 178.75 miles.
Charlotte Harbor Division : Bartow to Trabue 80. 79 miles.
St. John's and Lake Eustis Railway 48.00 miles.
Total length of all lines June 1, 1887 307.54 miles.
Sidings, 15.37 miles. Gauge, 3 ft. Rail (steel), 50 Ibs.
History. — Chartered June 8, 1878 ; road opened between Palatka and Gainsville, in Au-
gust, 1881; as above in 1882. The road when completed, will extend from the Georgia State
Line, through Gainsville, Ocala and Leesburg to Tampa Bay, with branch from Gaiusville
to Palatka, in all about 400 miles. The company has a State land grant of 13,840 acres per
mile.
Rolling Stock, December 31, 1886. — Locomotive engines, 22. Cars — passenger, 19; bag-
gage, etc., 4 ; freight (box, 145 ; platform, 118 ; stock, C), 269 ; caboose, 4 — total, 296. Also,
200 transfer trucks, and 2 steamers, "A. J. Lane" and "Dispatch," on Lakes Harris and
Griffin.
Operations, etc. — Not reported.
Financial Statement, June 1, 1887. — Capital stock authorized, $10,000 per mile; out-
standing, $2,595,400. Funded debt— 1st mortgage 6 per cent. 40-year gold $100 and $1,000
coupon bonds, due July 1, 1923, at the rate of $12,000 per mile, interest January and July, at
40 Water Street, Boston, Mass. : issued, $2,156,800 ; retired, $35,800— outstanding June 1,
1887, $2,121,000 ; Charlotte Harbor Division— 1st mortgage 6 per cent. 40-year $100 and $1000
gold coupon bonds due October, 1925, at rate of $10,000 per mile : issued $807,900 ; retired
$6,400— outstanding June 1, 1887, $801,500. Trustees of main line bonds, New England
Trust Co., Boston, Mass. ; Charlotte Harbor Div. bonds, American Loan and Trust Co. of
Boston, Mass.
All further information refused by the officials of this company.
ST. JOHN'S AND LAKE ETJSTIS BAIL WAY. -Leesburg, Fla., to Lane Park, Fla., 23 miles.
Branch : Fort Mason, Fla., to Aster, Fla., 25— total, 48 miles. Sidings, 1.75 miles. Gauge, 3 ft. Rail— iron, 25;
steel (10 miles), 35 Ibs. Road opened 12 miles in 1879 ; to Lake Eustis, 25 miles in 1880 ;. to Lane Park. 34 miles,
in 1883 ; and to Leeeburg, in October, 1885. Leased, on completion to the latter point, and now wholly owned by
Florida Southern Ry. Co., which guarantees principal and interest on bonds issued at rate of $0,000 per mile.
Eollmg Stock.— Locomotive engines, 3. Cars— passenger, 2 ; freight (box, 9 ; platform, 9), 18— total cars, 20.
Capital stock, $89,500 ; funded debt, $285,900. JOHN W. CANDLER, President ; William L. Candler, Treasurer,
Boston, Mass.; George P. Fcwler, Secretary, Palatka, Fla. CORPORATE OFFICE, Palatka, Fla.
588 POOR'S MANUAL OF RAILROADS.
Board of Directors Florida Southern Railway Co.
John W. Candlcr Boston, Mass.
John R. Hall Boston, Mass.
Jacob Edwards Boston, Mass.
Asa P. Potter Boston, Mass. Mahlon D. Spanieling. Boston Mass.
Edward A very Boston, Mas?.
J. Wentworth Brown. Boston, Mass.
William L. Candler.. .Boston. M .--.
I tn f us H. Brown . . Peabody, Mass.
JOHN W. CANDLER, President Boston, Mass.
John R. Hall, Vice- President Boston, Mass.
Trcaturrr— William L. Candler Boston. Mass. | General Manager— Sherman Conant Palatka, Pla.
Secretary— George P. Fowler Palatka, Fla. | Auditor— John C. Telfer Palatka, Fla.
PRINCIPAL OFFICE AND ADDBESS Palatka, Fin.
Transfer Office 40 Water Street, Boston, Mass.
GAINESVILLE AND DAHLONEGA RAILROAD COMPANY.
Line of Road. — Gainesville, Ga., to Dahlonega, Ga 26 miles.
Gauge, 8 ft. Rail, 30 Ibs. per yard.
History. — Chartered in 1886 ; road opened in 1878. The road from Gainesville to Ches-
tatee, 15 miles, was placed under construction in 1878 and 4 miles completed.
Financial Statement, December 31, 1886.— Preferred stock, $14,000; funded debt, 30-
year 6 per cent, bonds, due 1912, interest guaranteed by Richmond and Danville RR. Co.
(authorized, $200,000), issued, $31, 000 -total, $45,000.
Directors.— W. P. Price, F. W. Hall, N. F. Howard, P. M. Sitton, W. J. Worley, W.
A. Charters, Dahlonega, Ga.; A. Rudolph, A. D. Gaudier, G. W. Walker, R. Palinour, S. C.
Dunlap, Gainesville, Ga.; B. W. Davis, Auraria, Ga.
W. P. PRICE, President Dahlonega, Ga.
Treasurer— James Williams Gainesville, Ga. | Secretary— H. H. Perry Gainesville, Ga.
PRINCIPAL OFFICE AND ADDRESS Dahlonega, Ga.
GEORGETOWN AND WESTERN RAILROAD COMPANY.
Line of Road.— Georgetown, S. C., to Lane's Depot (N. E. RR.) 37.50 miles.
Sidings, 1.5 miles. Gauge, 5 ft. Rail (steel), 45 Ibs. per yard.
History. — This company was incorporated June 7, 1887, and succeeded to the railroad
and property of the Georgetown and Lane's RR. Co., which were sold under foreclosure
October 5, 1886. The latter company was chartered December 20, 1881, and opened its road
as above in 1883. Placed in the hands of a receiver in 1885.
Rolling Stock. — Locomotive engines, 2. Cars — freight (box, 20 ; platform, 23), 43; com-
bination, 1 — total, 44. Also, 1 lever and 4 dump cars.
Operations for year ending December 31, 1886. — Tons freight (local) moved, 311.417.
Gross earnings, $16,729.72. Operating expenses (including repairs and new work), $12,-
536.96. Net income, $4,192.76.
The earnings for the first three months of 1887 (partly estimated) were, $5,788.67, as
against $3,545.63 for a corresponding period in 1886, an increase of $2,243.04.
Financial Statement,— Capital stock (par, $50), $400,000 ; funded debt, $200,000 1st mort-
gage 5 per cent. 30-year gold bonds, interest payable May and November at the Bank of New
York.
Trustees.— W. W. Thurston, E. P. Wilbur, R. H. Sayre, Bethlehem, Pa. ; John B.
Whiting, R. B. Ferris, E. T. Hulst, New York, N. Y.; W. H. Brawley, C. O. Witte, H. S.
Holmes, Charleston, S. C.
W. W. THURSTON, President Bethlehem, Pa.
R. B. Ferris, Treasurer New York, N. Y.
PRINCIPAL OFFICE AND ADDKESS Georgetown, S. C.
POOR'S MANUAL OF RAILROADS. 589
GEORGIA MIDLAND AND GULF RAILROAD COMPANY.
T« /v *p T>™A /•„. »^^/^A . j(lfl* Div.) Columbus, Qa., to McDonough, Oa.. .97 miles.
Lines of Road (as projected) : fa Div./McDonough to Athen8) Ga. .*. ; 68 milep.
Completed, June 1, 1887 : Columbus, Qa., to Griffin, Ga 80 miles.
Sidings, 3.5 miles. Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs.
History. — Chartered September 29, 1885. Contracts let in April, 1886, and construction
begun in May, 1886. Road completed at end of 1886 from Columbus to Pine Mountain, 38
miles, and to Griffin in June, 1887. To be completed to McDonough in August, 1887. The
road is being built by the Georgia Midland Construction Co., and the completed portion is
operated by that company pending its formal transfer to the railroad company.
Rolling' Stock, June, 1887. — Locomotive engines, 7. Cars — passenger, 8 ; baggage, 2 ;
freight, 135.
Financial Statement, June 1, 1887. — Capital stock authorized, $12,000 per mile. Funded
debt authorized — first mortgage 6 per cent. 40-year $1,000 coupon gold bonds, due July 1,
1926 ; interest payable at office of Central Trust Co., New York, January and July; issued
at rate of $15,000 per mile ; amount outstanding, June 1, 1887, $90:),000.
Trustee of bonds. Central Trust Co., of New York. Financial Agents in New York,
R. A. Lancaster & Co., 8 and 10 Wall St.
Officers Georgia Midland Construction Co. — G. GUNBY JORDAN, President, Columbus,
Ga.; James E. Granniss, Vice- President, New York, N. Y.
Directors G. M. ER. Co.— N. J. Bussey, John F. Flournoy, A. Illges, B. T. Hatcher,
Theodore M. Foley, Columbus, Ga.; Charles L. Davis, Warm Springs, Ga.; Seaton Grantlaud,
W. J. Kincaid, Griffin, Ga.; J. W. Woolfolk, Montgomery, Ala.
SEATON GRANTLAND, President Columbus, Ga.
Treasurer— Charles L. Davis . . Columbus, Ga. | Chief Engineer— W. S. Greene Columbns, Ga.
PRINCIPAL OFFICE AND ADDKESS Columbus, Ga.
GEORGIA PACIFIC RAILWAY COMPANY.
Lines of Road. —
First Division : Atlanta, Ga., to Coalburg, Ala 177.00 miles.
Belt Road, connecting G. P. Ry.with A. &C. A. L. Ry. at Atlanta, Ga. 4.00
Branches : At Birmingham, 2 ; at Coalburg, 2 ; at Henryellen, 1.24. . 5.24 — 9.24 miles.
Second Division : Cane Creek, Ala., to Columbus, Miss 75.40 miles.
Branches : At Patton Mines, Ala., 1 ; at Cane Creek, 2.66 3.66 miles.
Third Division : Greenville, Miss., to Johnsonville, Miss 29.50
Branch : Stoneville, Miss., to Sharkey, Miss 22.50 — 52.00 miles.
Trackage : W. & A. RR. in the City of Atlanta, Ga 1.00 mile.
Total length of lines in operation September 30, 1886 318.30 miles.
Sidings, etc., 27.84 miles. Gauges : 1st Division, 4 ft. 9 in.; 2d Division, 4 ft. 9 in.; 3d Di-
vision, 3 ft. Rail (steel, 270.55 miles), 35, 50 and 60£ Ibs.
History. — Chartered December 81, 1881. For statement showing the length and date of
opening each section of the road built to December 31, 1884, see MANUAL for 1885, page 440.
During 1885, the Georgia Pacific Ry. Co. built and opened a branch from Henryellen, Ala., to
Mines, 1.24 miles and the Cane Creek Branch, 2.66 miles.
This road was built by the Richmond and Danville Extension Co., which is controlled by
the Richmond and West Point Terminal Co. The narrow-gauge division, formerly the
Greenville, Columbus and Birmingham RR. Co., was purchased by this company toward
the close of 1881. A traffic contract has been made with the Richmond and Danville RR.
Co., by which that company lays aside 20 per cent, of the gross earnings received from an
interchange of business with the Georgia Pacific Ry. Co., as a guarantee fund for the pay-
ment of any deficiency in first mortgage bond interest.
590
POORS MANUAL— GEORGIA PACIFIC RY. CO.
In July, 1886, the Georgia Pacific Equipment Trust was organized with a capital of $600,-
000 and issued $860,000 bonds, the proceeds to be applied to the purchase of 15 engines and
525 freight cars. All of this equipment has been received since the close of the fiscal year.
Rolling Stock, September 80, 1886. —Locomotive engines, 32. Cars — passenger, 18;
baggage, mail, and express", 15; freight (box, 177; platform, 183; stock, 37 ; coal, 498;
caboose, 12), 907; service cars, 11 — total cars, 951.
Operations for year ending September 30, 1886 (1st and 2d Divisions). — Train mileage —
passenger, 242,883; freight, 377,603; mixed, 177,472 ; other, 217,234— total, L015.192 miles.
Passengers carried, 13:5,682; carried one mile, 6,129,501 ; average mile rate, 2.72 cents. Tons
freight moved, 540,600 ; moved one mile, 47,760, '234 ; average ton-mile rate, 1.07 cents.
EARNINGS.
1st &2dDiv.
Passenger $16(1.857 18
Freight 511,791 47
Mail 14,056 89
Express 3,420 08
Miscellaneous 23,366 26
All Divs.
$190,719 36
550,736 35
15,397 07
3,420 08
24,538 78
Total ($2,465.03 per mile).. $719.491 88 $784,811 64
EXPENSES.
1st & 2d Div.
Transportation $183,767 74
Motive Power 142,547 84
Maintenance of Care 34,65953
Maintenance Way & Build'gs 121,275 55
General 37,695 35
All Divs.
$194,476 06
151,813 85
35,416 15
131,036 49
51,036 45
Total ($1,771.19 per mile). . . $519,946 01 $563,769 Oil
Net earnings, all lines (28.14 per cent.), $221,042.64. Payments : Interest on bonds,
$190,650; on debt, $4,081.85; taxes, $23,369.47; change of gauge, $29,381.79; repairs to
roadway, $1,345.76 — total, $248,828.87. Balance, deficit, $27,786.23 ; surplus from last year,
$82,640.87 — net surplus as per balance sheet, $54,854.64.
General Balance Sheet, September 30, 1886.
Cost of Road, Equipment, etc $14,094,000 00 i Capital Stock (par, $100) . $7
491,431 15 I Funded Debt Outstanding 7
5,524 47
23,ia5 26
8,840 18
39,OS2 13
66,147 45
Betterment Account
Stocks and Bonds Owned
Materials and Fuel on Hand
Other Property and Assets
Current Accounts
Cash on Hand
Total Asset? .......................... $14,728,110 64
Bills Payable
Current Accounts
Due Agents, Railroads, etc.
Unpresented Coupons
Unclaimed Wages
Profit and Loss...
000,00000
094,000 00
361,980 61
91,742 96
116,008 57
2,94000
6,583 86
54,854 64
Total Liabilities $14,728,110 64
Funded debt consisted, September 30, 1886, of —
1st mtg. 6 p. c. 40-year $1,000 coupon bonds, due Jan. 1, 1922, int. Jan. and July. $3,173,000
2d mtg. income 6 p. c. 40-year $1,000 cpn. b'ds, due Oct. 1, 19'23, int. Ap'l &0ct. . 3,921,000
The bonds were issued from time to time to the R. & D. Extension Co., at the rate of
$10,000 per mile (entire road) of 1st mortgage, and $15,000 per mile (1st and 2d Divisions) of
income bonds. Trustee of 1st mortgage bonds, Central Trust Co., New York ; of income
bonds, Metropolitan Trust Co., New York. Interest on income bonds is cumulative, con-
vertible into interest certificates, or, at the option of the company, into 2d mortgage income
bonds. Registrar of stock, Central Trust Co., of New York.
Annual meeting, \&»i Wednesday in November. Books close two weeks prior thereto.
Directors (elected November 29, 1886). — John W. Johnston, Birmingham, Ala.; T. M.
Logan, Isaac L. Rice, Emanuel Lehman, George F. Stone, John A. Rutherfurd, J. C. Maben,
P. J. Goodhart, New York, N. Y.; Joseph Bryan, Richmond, Va.
JOHN W. JOHNSTON, President ....................... Birmingham, Ala.
Joseph Bryan, 1st Vice-President .......................... Richmond, Va.
John A. Rutherfurd, 2d Vice-President ................. New York, N. Y.
Secretary— A. B. Johnston Birmingham, Ala.
Treasurer— L. D. Aylett Birmingham, Ala.
General Manager— I. Y. Sage Birmingham, Ala.
Auditor — J. E. Starke Birmingham, Ala.
PRINCIPAL OFFICE AND ADKEESS Birmingham, Ala.
Transfer Office New York, N. Y.
POOR'S MANUAL OF RAILROADS. 591
GEORGIA RAILROAD AND BANKING COMPANY,
Main Line Of Road. — Augusta, Ga., to Atlanta, Qa 171.0 miles.
( Macon : Camak to Macon, Ga 74.0
Branches : •< Athena : Union Point to Athens 40.0
( Washington : Barnett to Washington 17.7 — 131.7 miles.
Trackage. — Central HR.: Macon Branch Junction to Macon 4.0 miles.
Total length of line (owned, 302.7) operated 3.06.7 miles.
Sidings, etc., 41. 34 miles. Gauge, 4 ft. 9 in. Kail (steel, 189 miles), 56 Ibs.
History. — The Georgia RR. Co. was chartered December 21, 1883 ; name changed to
Georgia RR. and Banking Co. by Act of December 18, 1835. Main line and branches com-
pleted in 1845. The Macon and Augusta RR. Co. was chartered in 1859, road opened in 1872,
and became the property of this company. The Georgia RR. was leased for 99 yea-s, April
1, 1881, to William M. Wadley, at an annual rental of $600,000. As security for a faith-
ful compliance with, the terms of the lease, the lessee v,as required to deposit $1,000,000 in
bonds, the deposit to be kept good in the hands of a Trust Company. By the provisions of
the lease, the lessee is to pay interest on the bonds of the Western RR. Co. of Alabama,
the lessor to pay the interest on the rest of its bonds.
The Georgia RR. and Banking Co. owns one-half interest in the Western Railway of
Alabama, running from West Point, Ga., through Montgomery to Selma., Ala., 138 miles ;
five-eighths of the Rome RR., running from Kingston, Ga., to Rome, 20 miles ; one-fifth of
the Port Royal and Augusta Railroad, running from Augusta, Ga., to Port Royal, S. C., 112
miles ; and ,% of the Atlanta and W7est Point RR., running from Atlanta to West Point, 87
miles.
During the year 1883, the lessee of this road acquired a controlling interest in the Gaines-
ville, Jefferson and Southern RR., from Gainesville, on the Richmond and Danville RR., to a
connection with the Walton RR. at Monroe, 42 miles, with a branch from Florence to Jeffer-
son, 13 miles — total, 55 miles. A majority of the stock of the Walton RR., from Social Circle
to Monroe, 10 miles, was also acquired. The two roads, having a combined mileage of 65
miles, were consolidated, and the line from Social Circle, Ga., to Gainesville, Ga., opened
March 11, 1884.
Rolling Stock, March 31, 1887. — Locomotive engines, 48. Cars — passenger (including 7
sleeping), 36 ; baggage, mail, etc., 13 ; combination, 5 ; freight (box, 588 ; flat, 154 ; stock,
23 ; coal, 127), 892 ; caboose, 17 ; shanty, 18 ; pay, 1 ; commissary, 3 — total cars, 985.
Operations for year ending March 31, 1887 (lessee's accounts). — Train mileage — passen-
ger, 302,716 ; freight, 534,559 ; mixed, 358,884 ; other, 217,754— total, 1,413,913 miles. Tons
freight moved, 447,729 ; moved one mile, 61,959,262; average ton-mile rate, 1.60 cents.
Earnings.— Passenger $377,002 27
Freight 884,417 21
Mail 32,725 68
Express 12,480 85
Miscellaneous 61,107 40
Total ($4,459.52 per mile) $1,367,733 41
Expenses.— Transportation $201,006 20
Motive Power 321,006 87
Maintenance of Cars 119,679 60
Maintenance Way 228,296 04
General 33,24725
Total ($2,946.97 per mile) $903,835 96
Net earnings (33.92 per cent.), $463,897.45. Other receipts : Interest and dividends,
$54,768. Net income, $518,665.45. Paid rental, $600,000. Deficit, $81,334.55 ; deficit from
last year's account, $241,441.47— total, $322,776.02.
General Balance Sheet (Lessee's), March 31, 1887.
Materials and Fuel on Hand $135,819 86 , Lessee General Account $655,680 66
Athens Extension .' 131,737 59
G., J. & S. RR. Stock 3,333 34
Agents' Deposits Invested 20,900 00
Advanced for G., J. and So. RR 148,792 85
Current Accounts 78,532 06
CashinBank 42,395 08
Profit and Loss... .... 322,77602
Current Accounts 71,886 22
Agents' Deposits 20,900 CO
Annual Inventory .. 135,81985
Total Assets $884,286 73 Total Liabilities $884,286 7£
592
POOR S MANUAL— GEORGIA RR. AND BANKING CO.
Company's General Balance Sheet, March 31, 1887.
Road and Outfit $4,200,000 00
Real Estate and Banking House 40,260 54
Stocks and Bonds 3,392,008 62
CashinBank 310,136 99
Accrued Dividend* 420,000 00
Interest on Bonds 150,000 00
Taxes and Sundry Expenses 22,458 36
Capital Stock $4,200,00000
Profit and Loss 991,650 23
Five, Six and Seven per cent. Bonds ...... 2,600,000 00
Bonds, Macon and Augusta RR 10,000 00
Bond Interest Accrued and Unpaid 8,775 00
Dividends Unpaid 39,96(3 53
Rent of Road 600,00000
Interest and Other Rents 472 75
Dividend No. 1, from Bank 84,000 00
Total Assets $8,534,86451 Total Liabilities
I/ividends paid by Georgia RR. and Banking Co. since its organization :
.$8,534,864 51
No.
When
Payable.
Rate.
No.
When
Payable.
Rate.
No.
When
Payable.
Rate.
No.
When
Payable.
Rate.
No.
When
Payable.
Rate.
p. c.
p. c.
p. c.
p. c.
p. c.
1
Nov., '36
3*
19
Oct., '50
3*
37
April, '60
4
61
July 15, '74
4
79
Jan. 15, '83
8*
2
Feb., '37
&l
20
April, '51
3*
38
Oct., '60
4
62
July 15, 75
4
80
Apr. l:>, 'S3
2*
3
Oct., '37
It
21
Oct., '51
3*
39
April, '61
4
63
Jan. 15, '76
4
81
July 15, '83
24
4
April, '38
3i
22
April, '52
3»
46
Nov.13'06
3}
64
July 15, '76
4
82
Oct. 15, '83
2*
5
Oct., '38
4
23
Oct., '52
31
47
May-9, '67
3
65
Jan. 15, '77
3
83
Jan. 15, '84
2*
6
April, '39
4
24
April, '58
4
48
Jan.14,'68
3*
66
July 16, '77
3*
84
Apr. 15, '84
2*
7
Jan., '40
4
25
Oct., '53
4
49
July?, '68
4
67
July 15, '78
3
85
July 15, '84
24
8
April, '40
4
26
April, '54
4
50
Jan. 12, '09
4
68
Dec. 20, '78
3
86
Oct. 15, '84
2*
9
April, '42
10
27
April, '55
3*
51
Julyl3,'69
4
69
July 15, '79
3
87
J:in. 15. '85
24
10
Jan., '46
2
28
Oct., '55
3±
52
Jan.20,'70
4
70
Jan. 15, '80
3
88
Apr. 15, '85
2*
11
Oct., '46
2}
29
April, '56
4
53
Jnlyl4,'70
4
71
July 15, '80
3*
89
July 15, '85
2+
12
April, '47
2
30
Oct., '56
4
54
Dec.29,'70
4
72
Jan. 15, '81
3*
90
Oct. 15, '85
24
13
Oct., '47
2*
31
April, '57
4
55
Julyl3,'71
4
73
July 15, '81
3*
91
Jan. 15, '86
24
14
April, '48
2*
32
Nov., '5.
3
56
Jan.20,'72
4
74
Oct. 15, '81
2*
92
Apr. 15, '86
2+
15
Oct., '48
^
33
April, '58
3
57
Julyl6,'r2
4
75
Jan. 15, '82
2.}
93
July 15, '86
24
16
April, '49
3i
34
Oct., '58
8|
58
Jan.15,'73
4
76
Aprill5,'82
8*
94
Oct. 15, '86
2+
17
Oct., '49
3*
35
April, '59
4
59
Julyl5,'73
4
77
July 15, '82
2^
95
Jan. 15, '87
2*
18
April, '50
3*
36
Oct., '59
4
60
Jan.15,'74
4
78
Oct. 15, '82
2J
Number* 40 to 45 inclusive were paid in Confederate money during the war. In 1849 there was a dividend of
75 per cent, paid in stock— the stockholders paying 26 per cent, in cash.
Statement of operations of the Georgia RR. under the company for two years and under
the lease for six years :
Georgia RR. and
Banking Co.
Lessee.
1880
1881
1882
1883
1884
1885
1886
1887
Train Mileage
1,017,802
$
1,109,524
766,449
1,137,156
$
1,369,964
955,443
1,124,822
S
1,326,052
977,485
1,173,063
$
1,314,482
851,453
1,309,760
$
1,324,247
846,702
1,374.638
$'
1,286,485
820,240
1,328,289
S
1,322.818
861,502
1,413,913
S
1.367,733
903,836
Gross Earnings
Operating Expenses
Net Earnings
403,075
204,845
414,521
252,347
348,567
100,954
463,029
156,684
477,545
114,682
466,245
92,268
461.316
77.208
463,897
54,768
Dividends, etc., Received..
Net Income
607,920
17.645
216,010
666,868
17,528
215,485
449,521
619,713
592,227
558,513
538,584
518,665
Incidental Expenses, etc. . .
Interest on Bonds, etc
Rental Paid by Lessee
600,000
16,409
600,000
104,435
600,000
10,8s»3
3,333
<fr/.21,999
4,313 51
2,757 99
1,555 52
63. 94 p. c.
600,000
600,000
600,000
Athens Extension
Other Payments
90,954
df. 132.441
4.190 50
2,671 79
1,518 71
63. 76 p. c.
Balance
352,845
3,809 50
2,496 50
1,313 00
65. 50 p. C.
433,855
4,462 43
8,112 l!i
1.350 24
69. 74 p.c.
df. 166,888
4,319 39
3,183 99
1,135 40
73.71 p. C.
def. 84,722
'4,281 70
2,773 46
1,508 24
64.77 p. c.
def. 6i.4i<5
4,313 07
2.SOS -14
1..->IU 13
65. 13 p. c.
def. 81 ,334
'4.4.Y.I 52
2,946 97
1.512 55
06. 08 p. C.
Gross Earnings per Mile...
Operating Expenses per M.
Net Earnings per Mile
Expenses to Earnings
The stocks and bonds held by the company are as follows : 4,409 shares A. & "W. Pt.
RR. Co., $440,900; 1,489| shares Rome RR. Co., $150,000; P. R. & A. Ry. Co. bonds and
stock, valued at $200,000 ; cert, of indebt. A. & W. Pt. RR. Co., 6 per cent., $440,900 ; 15,-
000 shares Western Ry. of Alabama, valued at $900,000 ; Macon and Augusta RR. (cost)
$1,229,208.62; 31 Walton RR. Co. bonds ($1,000 each), $31,000.
POORS MANUAL OF RAILROADS.
593
Statement of the income account, as above, and of the capital account of the Georgia RR.
and Banking Co. for eight years, 1880 to 1887.
1880
1881
1882
1883
1884
1885
1886
1887
Net Earnings
$
408,075
204,845
$
414,521
252,347
$
600,000
53,986
8
600,000
42,814
$
600,000
1,254
600,000
733
9
600,000
290
$
600,000
473
Other Receipts
Ni't Income
607,920
17,645
216,010
352,845
(6) 252,000
4,200,000
1,581,000
643,128
497,920
33,522
666,868
17,528
215,485
433,855
(7) 294,000
4,200,000
2,327,000
729,786
525,868
43,623
653,986
34,631
142,015
477,340
(11)462,000
4,200,000
2,289,500
4:38,141
653,986
140,055
642.814
21,197
162,935
458,682
(10J)«0,500
4,200,000
2,337,500
490,324
601,589
141,632
601,254
21,0€6
142,592
437,596
(10)420,000
4200,000
2,681,000
568,975
601,254
37,846
600,733
19.064
147,390
434,279
(10)420,000
4,200,000
2,720,000
1,012,378
600,731
40,228
600,290
16,500
147,534
430,256
(10)420,000
4.200,000
2.675.IXX)
979,541
600,290
49,179
600,473
22,458
150,000
428,015
(10)420,000
4,200,000
2,6lO.OOO
991,650
600,473
142,741
Sundry Expenses.
Interest on Bonds
Balance
Dividends.
Capital Stock
Funded Debt,
Profit and Loss
Income
Sundry Accounts
Total Liabilities
6,955,570
4,200.000
52,440
555,000
1,927,653
133,304
127,173
7,824,277
4,200,000
62,065
625.284
1,908,773
126,793
901,362
7,721,682
4,200,000
45,518
1,287,800
1,727,850
147,830
312,685
7,771 ,045
4,200,000
45,971
2,192,986
848,366
160,270
323,452
8,089,075
4,200,000
43,283
2,187,800
1,169,406
163,658
324,928
8,573,337
4,200,000
40,785
2,187,800
1,189,534
621,148
334,070
8,504,010
4,200,000
40,331
2,162,800
1,209,434
592,652
298,734
8,534,864
4,200,000
40,260
2,162,800
1,229,209
592,458
310,137
Eoad and Outfit . . ....
Krul Estate
Stocks and Bonds
Other RK. Accounts
Expenses, Interest, etc
Cash and Cash Assets
Total Resources
6,995,570
7,824,277
7,721,682
7,771,045
8,089,075
8,573,337
8,504,010
8,534,864
Financial Condition Banking Department, March 31, 1887. — Resources : Overdrafts,
$11,828.64; loans and discounts, $1,405,327.98; due by banks, $185,202.93; cash and cash
hems, $174,261.66 ; real estate, etc., $31,336— total, $1,807,957.21. Liabilities : Surplus and
undivided profits, $231,314.75 ; net earnings for year, $70,329.28— total, $301,644.03 ; deduct
Dividend No. 1, to company, $84,000— balance, $217,644.03 ; due to banks, $508,973.44; to
State of Georgia, $8,436.84; to individual depositors, $1,034,971.14; certificates of deposit,
$37,931.76— total, $1,807,957.21.
Dividends payable quarterly, on 15th days of January, April, July and October ; books
eloped from 1st to 14th days of such months.
Funded debt consisted March 31, 1887, of —
6 per cent. 20-year $1,000 coupon and registered debenture bonds, due July 1, 1897 $1,000,000
6 per cent. 30-year $1,000 coupon and registered debenture bonds, due January 1, 1910 1.000,000
6 per cent. 40-year $1,000 coupon and registered bonds, due January 1, 1922 300,000
5 per cent, bonds, due January 1, 1922 200,000
7 per cent. 20-year $1,000 coupon bonds, due January 1, 1890 100,000
7 per cent, bonds, guaranteed, of Macon and Augusta RR., due January, 1887 10,000
Total $2,610,000
Interest on 1890, 1897 and 1910 bonds payable January and July, at Augusta, Qa.,
and at American Exchange National Bank, N. Y. Annual meeting, second Wednesday in
May. Books close for annual meeting 30 days prior thereto. Voting power attaches to stock
on 30 days' ownership.
GAINESVILLE, JEFFERSON AND SOUTHERN RAILROAD.— Gainesville, Ga., to Social
Circle, Ga., 52 miles ; and Florence, Ga.,to Jefferson, Ga., 13 miles— total, 65 miles. Gauge, 3 feet. Rail (steel,
Capital stock— common, $240.000 ; preferred, $18,000— total (par, $50), $258,000 ; funded debt (1st mortgage 7 per
cent. 20-year bonds, due 1911, $245,000; 2d mortgage 7 per cent. 25-year bonds, due 1908, $75,000; 1st mortgage
6 per cent, bonds, Walton RR., $40,000), $360,00ii — total stock and bonds, representing cost of road and equip-
ment, $618,000. A. D. CANDLEB, President, Gainesville, Ga.; W. C. Howard, Secretary, Jefferson, Ga.
Board of Directors Ga. Hit. &. B. Co., elected May 11, 1887.
C. H. Phinizy Augusta, Ga.
A. W. Calhoun Atlanta, Ga.
J. 8. Hamilton Athens, Ga.
Stevens Thomas Athens, Ga.
Josiah Sib icy Augusta, Ga.
William E. McCoy Augusta, Ga.
George Hillye^ Atlanta, Ga.
Wm. M. Reese Washington, Ga.
Thomas W. Coskery.. .Augusta, Ga.
Joel A. Billups Madison, Ga.
N. L. Hutchins..Lawrenceville, Ga.
J. H. Alexander Augusta, Ga.
Leonard Phinizy Augusta, Ga.
D. N. Speer Atlanta, Ga.
Boy kin Wright Augusta, Ga.
H.D. McDaniel Monroe, Ga.
H.H. Hickman Augusta, Ga.
C. H. I'ITINIZY, President Augusta, Ga. | C. G. GOODRICH, Cashier Augusta, Ga.
38
594 POOK'S MANUAL OF RAILROADS.
Board of Directors for Lessee.
3. W. Green Augnsta, Ga. C. H. Phinizy Augusta, Ga. [ E. P. Alexander Savnnn ;
J. n. Alexander Augusta, Ga. Patrick Calhoun Atlanta, Ga. | Stevens Thomas Atbi-i.
M. H. Smith Louisville, Ky.
Officers in charge of operations :
J. W. GREEN, General Manager Augusta, Ga.
Treaturer—W. T. Richards Augusta, Ga. j S»perinter,dent—S. A. Hemphill Augusta. Ga.
A itditor—C&rlton Hillyer Augusta, Ga.
PRINCIPAL OFFICE AND ADDRESS Augusta, Ga.
HARTWELL RAILROAD COMPANY.
Line of Road. — Hartwell, Ga., to Bowersville, Ga 10 miles.
Sidings, 0.10 mile. Gauge, 3 ft. Rail, 30 Ibs.
History. — Chartered in 1878 ; road completed October, 1879. It connects Bowersville
with the Elberton Air-Line RR.
Rolling1 Stock. — Locomotive engine, 1. Cars — passenger, 1 ; box, 1 ; platform, 2.
Operations for year ending September 30, 1885. — Not reported. Earnings — passenger,
$1,182.95; freight, $3,899.87; mail, express, etc., $479.49— total, $5,562.31. Operating ex-
penses, $5,414.13. Net earnings, $148.18.
Financial Statement, September 30, 1883 (latest furnished).— Capital stock, $20,300 ;
funded debt, 1st mortgage 10 per cent. 10-year $500 and $100 coupon bonds, due September
1, 1889, secured upon the entire property of the company, interest January and July at
Richmond, Va., $20,000— total, $40.300. Cost of road, $42,605.68.
Directors (elected February 26, 1884).— E. Berkeley, G. S. Barnum, C. W. Chears, At-
lanta, Ga.; E. B. Benson, Hartwell, Ga. ; W. F. Bowers, Bowersville, Ga.
JOHN H. JONES, President Elberton, Ga.
Treasurer— W. E. Turner Richmond, Va, | Secretary— R. Brooke Richmond. Va.
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
JACKSONVILLE AND ATLANTIC RAILROAD COMPANY.
Line of Road.— Jacksonville, Fla., to Pablo Beach, Fla 17.3 miles.
Sidings, etc., 2 miles. Gauge, 3 ft. Rail (steel, 17.3 miles), 35 Ibs.
History. — Chartered August 25, 1882 ; road opened in 1884. Company has a State land
grant of 30,000 acres, and owns besides about 2,000 acres, acquired by purchase, ou which
stands the town of Pablo Beach.
Rolling Stock. — Locomotive engines, 2 ; cars — passenger, 5 ; combination, 1 ; freight
(box, 2 ; platform, 10), 12— total, 18.
Operations for year ending December 31, 1886. — Traffic statistics not reported. Earn-
ings— passenger, $20,150.06 ; freight, $7,310.66 — total, $27,400.72. Expenses— transporta-
tion, $13,456.96 ; maintenance, $5,969.71 ; general, $16,234.95— total, $35,661.62. Deficit,
$8,200.90. Paid interest on bonds, $2,205 ; interest on other debt, $2,152.15— total deficit,
$12,558.05. Sundry receipts (land sales, rents, etc., etc.), $47,266.13. Other payments, $73,-
079.93.
Financial Statement, December 31, 1886.— Capital stock, $100,000 ; funded debt, $50,-
000, 7 per cent. 10-20-year $500 coupon bonds, interest January and July, secured on road
bed, franchise, roiling stock, and State land grant ; bills payable, $39588.17 ; profit and
loss, $17,402.78— total, $206,990.95. Contra : Cost of road and equipment, $134,53o.V2 ; real
estate and buildings, $26,300.49 ; stocks and bonds owned, $36,400 ; other property and assets,
$4,881.93 ; current accounts, $1,652.38 ; bills receivable, $3,125.40 ; cash, $97.63— total, j
$206,990.95. Capital stock authorized, $100,000; subscribed, $82,100; paid in, $78,975—
par, $100. .
Annual meeting, first Wednesday after second Monday in January.
POOE'S MANUAL OF EAILEOADS. 595
Directors (elected January 12, 1887). — J. M. Schumacher, S. B. Hubbard, Ily. S. Ely,
Jno. M. Barrs, J. VV. Fitzgerald, B. P. Hazeltine, R. P. Daniel, W. A. Macduff, J. P. Talia-
ferro, J. Q. Burbridge, P. McQuaid, W. T. Forbes, J. E. Hart, Jacksonville, Fla.
JAS. M. SCHUMACHEK, President Jacksonville, Fla.
S. B. Hubbard, Vice-President Jacksonville, Fla.
Treasurer— H. 8. Ely Jacksonville, Fla. I General Superintendent— 3. Ilayden.. Jacksonville, Fla.
Secretary— S. M. Barrs Jacksonville, Fla. | Auditor— J. E. Hart Jacksonville, Fla.
LOCATION OF PBINCIPAL OFFICE Jacksonville, Fla.
JACKSONVILLE, TAMPA AND KEY WEST RAILWAY COMPANY.
Main Line of Road. — Jacksonville, Fla., to Sanford, Fla 126.5 miles.
Enterprise Branch : Enterprise Junction to Enterprise, Fla 4.0 miles.
, j t-andfvrd and Lake Eustis RB. : Sanford to Tavares 29.5 miles.
1 : | De Land and St. John's MS. : St. John's to De Land 6.0 miles.
Leased : Atlantic Coast, St. John's <fc Indian River Ry.: Enterprise to Titusville. . 87.0 miles.
Operated : Jacksonville, St. Augustine and Halifax River Ry 37.0 miles.
Total length, of road operated 240.0 miles.
Sidings, etc., 25 miles. Gauge, 4 ft. 9 in. Rail (steel, 210 m.), 55 Ibs. ; on leased lines, 40 Ibsi
History. — Formed by the consolidation, April 4, 1886, of the Jacksonville, Tampa and
Key West Ry. Co. (chartered in 1879, and road from Jacksonville to Palatka, 56 miles,
opened March 6, 1884), and the Palatka and Indian River RR. Co. (chartered in 1881 and
road, from Palatka to Sanford, 70 miles, opened in February, 1886). This company has a
land grant of about 1,500,000 acres, of which about 900,000 acres have been deeded to the
company.
Rolling Stock. — Locomotive engines, 18. Cars — passenger, 24 ; parlor, 2 ; baggage, 9 ;
freight, 173— other, 4— total, 230.
Earnings for year ending March 1, 1887 (130.5 miles).— Passenger, $174,648.96 ; freight,
$155,575.14 ; other, $44,873.70— total earnings, $375,097.80. Operating expenses, $260,197.37.
Net earnings, $114,900.43.
Financial Statement.— Capital stock, $2,610,000 ; funded debt, $1,566,000, 1st mortgage
6 per cent. 30-year coupon bonds, due March 1, 1914, interest payable January and July at
office of trustee, Mercantile Trust Co. of New York. The bonds are $1,000 each, and limited
in amount to $1,556,000, and redeemable at 110 and interest at option of the company.
RAILROADS OWNED on LEASED BY THE JACKSONYILLE, TAMPA AND KEY Wssr RY. Co.
ATLANTIC COAST, ST. JOHN'S AND INDIAN RIVER RAILWAY.-Enterprise to
Titnsviile, Fla., 37 miles— total track, 39 miles. Gauge, 4 ft. 9 in. Chartered in 1883 ; road opened January 1,
1886. Holiing Stock.— Locomotives, 2. Cars— passenger, 2 ; combination, 2 ; box, 10 ; flat, 10 ; caboose, 1.
Leased to the J., T. & K. W. Ry. for 99 years, from date of opening, at an annual rental equal to interest on bonds
($21,600) and 3 per cent, on stock ($9,000). Capital stock, $300,000 ; funded debt, $300,000 first mortgage 6 per
cent. 20-year coupon bonds, due September 1, 1905, interest payable March and September. Trustee, Mercantile
Trust Co., New York. JAMES N. SMITH, President; Thornton N. Motley, Vice-President, Secretary and Treas-
urer. New York Office, 01 Broadway.
DE LAND AND ST. JOHN'S RAILROAD.— Road projected to run from St. John's, Fla., to Ray-
mond, 30 miles. Completed, St. John's to De Land, 6 miles. Gauge, 3 ft. Chartered January, 1884, as successor
to the Ocean Ridge, De Land and Atlantic RR. Capital stock (par, $25), authorized, $100,000 ; paid in, $25,000.
Funded debt, first mortgage 6 per cent. 20-year coupon bonds, interest payable January and July. Trustee,
Mercantile Trust Co. GEORGE W. BENTLEY, President; C. C. Demiiig, Secretary and Treasurer, New
York, N. Y.
INDIAN RIVER STEAMBOAT COMPANY.— Operating a line of boats under the management
of the J., T. & K. W. Ry. Co. from Titusville to Jupiter. It owns the steamboat?" Rockledge," and has now
building, for the season's business, an iron hull steamboat, 140 feet long. GEORGE W. BENTLEY, President and
(General Manager, Jacksonville, Fla.
JACKSONVILLE ST. ATJGHTSTINE AND HALIFAX RIVER RAILWAY.-South
Jacksonville to St. Augustine, Fla., 37 miles ; total track, 40 miles. Gauge, 3 ft.; rail, 30 to 40 Ibs. Chartered
February 21, 1881 ; road completed to St. Augustine and opened in June, 1883. The company owns and operates
a steam ferry over the St. John's River, connecting Jacksonville with South Jacksonville, liollinq titock.— Loco-
motives, 5. Cars — passenger, 14 ; baggage, 4 ; freight, 36— total cars, 54. Also, 3 ferry boats. Operations for
year ending December 31, 1886.— Gross earnings, $110,650 ; operating expenses, $71,92150 : net earnings, $38,-
727.70. Capital stock, authorized, $200,000 ; funded debt, $400,000 1st mortgage 6 per cent. 20-year coupon bonds,
dated July 1, 1881. interest January and July. Trustee of bonds, Central Trust Co. of New York City. HENRY
M. FLAGLKK, President ; Charles C. Demirig, Secretary and Treasurer, New York, N. Y.
SANFORD AND LAKE EUSTIS RAILROAD.-Sanford, Fla., to Tavares, Fla., 29.5 miles.
Built by the Jacksonville, Tampa and Key West Ry. Co. in 1886, and opened in February 1887. Capital stock —
596 POOR'S MANUAL OF RAILROADS.
not reported Funded debt, $350,000 first mortgage 6 per cent. 30-year coupon bonds, payable September 1, 1916,
intercut payable March and September. Trustee, Mercantile Trust Co., New York, N. Y. Officers— not reported.
Board of Directors J., T. & K. W. By. Co. elected March, 1887.
Robert H. Coleman — Cornwall, Pa.
Alfred B. Mason Seville, Fla.
Wm. H. Barnum.Lime Rock, Conn. I Mason Young New York, N. Y.
Chas. C. Ueming . .New York, N. Y. | James H. Young . .New York, N. V.
ROBERT H. COLEMAN, President Cornwall, Pa.
Mason Young, Vice-President New York, N. Y.
Treasurer and Sec.—C. C. Doming New York, N. Y. | General Manager— G. W. B«.ntley — Jacksonville, Fla.
PRINCIPAL OFFICE AND ADDRESS Jacksonville, Fla.
New York Office 10 Wall Street.
JAMESVILLE AND WASHINGTON RAILROAD COMPANY.
Line of Road.— Jamesville, N. C., to Washington, N. C 22.57 miles.
Sidings, 0.5 mile. Gauge, 4 ft. 8£ in. Bail, 35 and 40 Ibs. — pait iron ; part steel.
History.— Chartered February 8, 1869 ; road opened December 1, 1877. On the 22d of
April, 1884, the road and other property (including 39,000 acres of land) were sold under fore-
closure and purchased for account of the bondholders by J. N. Whitiag, of New York. Pur-
chased by L. M. Shute, April 15, 1885. On December 28, 1885, the road was bought in under
foreclosure and reorganized under present management.
Rolling Stock. — Locomotive engines, 2. Cars— passenger, 2 ; freight (box, 1 ; platform,
6), 7 — total, 9 ; also, 1 hand car. Since the close of the fiscal year, 2 passenger and 3 box
cars have been purchased.
Operations for 9 months ending September 30, 1886. — Trains run— passenger, 59,560
miles. Passengers carried, 3,193. Earnings, $7,499.34. Operating expenses, $5,072. 80. Net
earnings, $2,426.54.
Financial Statement, September 30, 1886.— Capital stock (authorized, $300,000, par, $100),
$100,000; funded debt, $100,000, 1st mortgage, 6 per cent. 5-20 registered $1,000 bonds, dated
July 1, 1886, with interest accrued from July 1, 1886, to September 30, 1886, secured on entire
road, wharves, and stations at Jamesville and Washington, buildings and shops at Dymond
City, and hotels, etc., at Washington ; outstanding obligations on purchase money account,
$44,526.24. Contra: Cost of road and equipment, $286,441 ; real estate, etc., $339,000.
Annual meeting, third Monday in June. Trustee of bonds, Guarantee Trust Co. of
Philadelphia, Pa.
Directors. — Ed\vin A. Gaskill, James E. Salter, James Work, W. W. Goodwin, David
H. Lane, James McManes, Hector T. Fenton, Philadelphia, Pa.
EDWIN A. GASKILL, President Philadelphia, Pa.
Vice-President— Jas. McManes. Philadelphia, Pa. Secretary— H. T. Fenton Philadelphia, Pa.
Treasurer— James Work Philadelphia, Pa. Gen. Superintendent— WTO.. Bissell .Dymond City, N. C.
LOCATION OF PRINCIPAL OFFICE N. W. cor. 9th and Walnut Streets, Phila, Pa.
KANAWHA AND COAL RIVER RAILROAD COMPANY.
Line of Road. — Kanawha River, W. Va., to Black Band Iron & Coal Co.'s Mines.13.5 miles.
Sidings, etc., 1.75 miles. Gauge, 4 ft. 8| in. Rail (steel), 40 Ibs.
History.— Chartered June 24, 1881 ; road opened in March, 1882.
Rolling Stock. — Locomotive engine, 1 Cars — box, 2 ; platform, 2 ; coal, 100— total, 104.
Operations for year ending December 31, 1884. — Not reported. Earnings (coal, etc.),
$10,598.65 ; operating expenses, $4,754.36 ; net earnings, $5,839.29.
Financial Statement, December 31, 1884.— Capital stock, $250,000 ; funded debt, joint
bond with Black Band Iron and Coal Co. (coupon, $500), 6 per cent., 10-years, due November
1, 1891, interest May and November, $276,500 ; profit and loss, $5,839.29— total, $532.339.29.
Contra: Cost of road, $208,049.76; equipment, $17,236.95; bonds owned jointly with Iron
and Coal Co., $23,500—10101, $248,786.71.
POOR'S MANUAL OF RAILROADS. 597
Directors (elected January 14, 1885). — John Wooldredge, George S. Curtis, W. S. Denny,
Frank A. Dearborn, Boston, Mass. ; W. M. Hovey, Barbersville, W. Va.
JOHN WOOLDREDGE, President Boston, Mass.
Treasurer— W. S. Denny Boston, Mass. | Secretary— W. A. Dearborn Boston, Mass.
General Manager — Charles K. McDermott Spring Hill, W. Va.
PRINCIPAL OFFICE AND ADDRESS Spring Hill, W. Va.
KAN AWHA AND OHIO RAILWAY COMPANY.
•
Main Line of Road.— Charleston, W. Va., to Point Pleasant, 0 58
Corning Division : Middleport, 0., to Corning, 0 57
Buckingham Branch : Sedalia, O., to Shawnee, O 12 — 127 miles.
Trackage : Columbus, Hocking Valley and Toledo : Qallipolis, O., to Pomeroy, O. . . 18 miles.
Total length of lines owned and operated 145 miles.
Gauge, 4 ft. 9 in. Rail (steel, 120 miles), 56 Ibs.
History. — The River Division of the Ohio Central RR. was sold under foreclosure Octo-
ber 22, 1885, and the Point Pleasant Bridge October 15, 1885, both purchased by a com-
mittee of the bondholders, the bridge for $200,000 and the railroad for $600,000. The pur-
chasers organized the Ohio and Kanawha RR. Co. in Ohio and the Kanawha and Ohio Ry. Co.
iu West Virginia, and consolidated them under the name of the latter April 17, 1886. There
were outstanding at the time of the sale, $5,600,000 1st mortgage 6's, and $4,000,000 incomes.
In the reorganization the old first mortgages paid 2 per cent, assessment and took 1st pre-
ferred stock; incomes paid 10 per cent, assessment and took 2d preferred stock; O. C. common
stock paid 1 per cent, assessment and got one share of common stock for ten of the old ; for
all cash assessments paid new 1st mortgage bonds were issued dollar for dollar.
Rolling Stock. — Locomotive engines, 14. Cars — passenger and baggage, 11 ; freight,
829 ; other, 16— total cars, 366.
Financial Statement.— Capital stock— 1st preferred, $6,000,000 ; 2d preferred, $4,000,-
000 ; common, $2,200,000 ; funded debt, first mortgage 6 per cent. 50-year bonds, dated May
1, 1886, interest payable January and July in New York, $727,000 — total stock and bonds,
$12,927,000. Contra : Cost of road and equipment, $10,691,572.
Directors (elected Tuesday after second Monday in March). — Erwin Davis, Wm. B. Davis,
Nelson Robinson, E. C. Romans, JamesB. Metcalf, Albert Gallup, New York, N. Y. ; Grinnell
Burt, Warwick, N. J.; E. K. Robinson, New York, N. Y.; Wm. A. Qnarrier, Charleston, W.
Va. ; C. O. Hunter, Columbus, O. ; H. D. Whitcomb, Richmond, Va.
ERWIN DAVIS, President New York, N. Y.
Nelson Robinson, Vice-President New York, N. Y.
Secretary & Treasurer— B*. R. Leland. .New York, N. Y. | Gen. Manager— Thomas R. Sharp. .. Charleston, W. Va.
PRINCIPAL OFFICE AND ADDRESS Charleston, W. Va.
Transfer Office 2 Wall Street, New York, N. Y.
LAUREL FORK AND SAND HILL RAILROAD COMPANY,
Line of Road, — Laurel Fork Junction, W. Va., to Volcano, W. Va 4.0
Coal Bank Branch : Lick Fork to Coal Bank 1.5 — 5.5 miles.
Sidings, 1.5 miles. Gauge, 4 ft. 8i inches. Rail, 56 Ibs.
History. — Chartered February 28, 1866 ; road opened in September, 1867. Leased to
West Virginia Transportation Company, September 1, 1877. Lease expires April 30, 1888.
Rolling Stock, — Locomotive engines, 2. Cars — passenger, 1 ; freight, 3.
Income Account. — Rental, 2 years ending August 31, 1886, $942.25. Payments, $1,-
565.57. Deficit, $623.32.
Financial Statement, August 31, 1886.— Capital stock (par, $50), $163,600 ; profit and
loss, $13,713.59— total, $177,313.59. Contra : Construction, $153,123.64 ; equipment, $23,-
487; bills receivable, $683.08; cash, $19.87— total, $177,313.59.
598 POOR'S MANUAL OF RAILROADS.
The company has paid the*following dividends :
Oct. 25, 1875, 5 p. c. «8,253.
Sep. 80, 1876, 5 p. c. $8,180.
Apr. 2, 1877, 21 p. c. §4,090.
Oct. 1, 1877, 2+ p. c. 84.090.
Apr. 1, 1878, 2i p. c. $4,090.
Oct. 1, 1878, 2J p. c. g4,0!W.
Apr. 1, 1879, 2^ p. c. ? 1.090.
Oct. 1,1879, 2 p. c. $3,272.
Apr. 1, 1880, 2 p. c. $3,272.
Oct. 1, 1P80. 2 p. c. $.V->7>.
Apr. 20, 1881, 2 p. c. $8,272.
Feb. 14, 1883, 1 p. c. $1,030.
, 2» p.
March 20, 1885, 1 p. c. §1,636.
Directors.— Win. C. Stiles, Jr., Volcano, W. Va. ; H. A. Stiles. B. F. Buddy, Henry
Bower, L. C. Gratz, Philadelphia, Pa.
WILLIAM C. STILEB, JR., President Volcano, W. Va.
Treomrer— Henry A. Stiles Philadelphia, Pa. | Secretary— F. H. Williams Philadelphia, Pa.
PBINCIPAL OFFICE AND ADDHESS , Volcano, W. Va.
Transfer Office 209 South Third Street, Philadelphia, Pa.
LAWRENCEVILLE BRANCH RAILROAD COMPANY.
Line of Road. — Lawrenceville, Ga., to Suwaiiee, Ga 10 miles.
Gauge, 3 ft. Kail, 30 Ibs.
History. — Chartered February 28, 1877 ; road completed in December, 1881. It con-
nects at Suwanee with the Richmond and Danville RR.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; box, 2 ; platform, 2.
Operations for year ending September 30, 1885. — Not reported. Earnings — passenger,
$1,862.65 ; freight, $3,553.62 ; mail, express, etc., $485.24— total, $5,901.51. Operating ex-
penses, $7,403.59. Deficit, $1,731.59.
Financial Statement, September 30, 1884 (latest furnished). — Capital stock (par, "$25),
$43,425 ; funded debt, 1st mortgage 7 per cent. 10-year bonds, due July 1, 1890, interest Jan-
uary and July, $30,000— total, $73,425. Contra : Cost of road, etc., $83,398.07.
Annual meeting, Tuesday before second Wednesday in November.
Directors (elected November 8, 1885). — W. E. Simmons, J. D. Spence, T. M. Peeples,
Lawrenceville, Ga. ; R. Brooke, Richmond, Va.; E. Berkeley, L. L. McCleskey, C. W. Cheara,
Atlanta, Ga.
T. M. PEEPLES, President Lawrenceville, Ga.
Treasurer— W . E. Turner Eichmond, Va. | Secretary— R. Brooke Richmond, Va.
PRINCIPAL OFFICE AND ADDBESS Richmond, Va,
LOUISVILLE AND WADLEY RAILROAD COMPANY.
Line of Koad. — Louisville, Ga., to Wadley, Ga 10 miles.
Gauge, 4 ft. 8^ in.
Road opened in October, 1879. At Wadley connection is made with the Central RR. of
Georgia, and all through freight is carried in the cars of that company for a nominal sum.
The rolling stock owned is used solely for local business.
Rolling; Stock. — Locomotive engine, 1. Cars — passenger, 2 ; freight (box, 1 ; platform,
1), 2— total, 4.
Operations for year ending September 30, 1884.— Earnings — passenger, $2,443.65 ; freight,
$5,204.03 ; mail, etc., $587.85— total, $38,235.43. Operating expenses, $5,099.96. Net earn-
ings, $3,135.47. Payments : Interest, $2,100 ; sinking fund, $1,000.
This company has paid one dividend of 4 per cent. Surplus earnings since opening of
road, after payment of interest and sinking funds, have been applied to reduction of floating
debt.
Financial Statement. — Capital stock, $25,000 ; funded debt, 1st mortgage 7 per cent
bonds, dated April 1. 1880, $30,000— total, $55,000. Cost of road, $55,000 ; equipment,
$3,000 ; real estate, $3,000— total, $61,000.
POOR'S MANUAL OF RAILROADS. 599
Directors.— Wm. Donovan, Wadley, Ga. ; J. G. Cain, G. W. Warren, T. H. Warr, G. H.
Harrell, J. C. Little, F. A. Singerfield, Louiaville, Ga.
WM. DONOVAN, President and General Manager Wadley, Ga.
J. G. Cain, Vice-President Louisville, Ga.
Treasurer— J. C. Little Lonisville, Ga. | Secretary— G. W. Warren Louisville, Ga.
PRINCIPAL OFFICE AND ADDRESS Louisville, Ga.
MARIETTA AND NORTH GEORGIA RAILWAY COMPANY.
Line of Road. — Atlanta, Ga., to Knoxville, Tenn 225 miles.
In operation : Marietta, Ga. , to M urphy, N. C 105 miles.
Spurs to Quarries, sidings, etc.. 10 miles. Gauge, 3 ft. Rail (steel), 40 Ibs.
History. — The Marietta and North Georgia RR. Co. was organized under special acts of
the Legislatures of North Carolina and Georgia. Road completed to Canton. 24 miles, Ma/ 1,
1879 ; to Marble Cliff, 36 miles, in 1883 ; to Ellijay, 66 miles in 1884, and to Murphy, in 1887.
The existing corporation is a consolidation in 1887 of the Marietta and North Georgia RR.
Co. and the Georgia and North Carolina RR. Co. Branches are projected from Ball Ground,
Ga. . northeast, to the North Carolina Line; from the main line, on the Blue Ridge, in Fannin
County, to Ducktown, East Tennessee, and from Marietta to Auetell, where connection will
be made with the East Tennessee, Virginia and Georgia System.
The entire line will be made of standard gauge, and relaid with 60 Ib. steel rails during
the current year.
Rolling Stock. — Locomotive engines, 7. Cars — passenger, 6 ; baggage, 3 ; freight, 180.
Operations for year ending May 1, 1887. — Train mileage, passenger and freight move-
ment— not reported. Gross earnings, $77,365.82. Operating expenses, $37,162.34 Net
earnings, $40,203.48.
Financial Statement, May 1, 1887. — Capital stock authorized at the rate of $16,000
per mile of completed road. Bonded debt, authorized — first mortgage 6 per cent. 50-year gold
$1,000 coupon and registered bonds, dated January 1, 1887, at the rate of $16,000 per mile of
completed road, except for that portion of the line from Murphy, N. C., to Knoxville, Tenn.,
on which $20,000 per mile is authorized. Trustee of bonds, Central Trust Co. of New York.
Interest on bonds is payable semi-annually January, and July, at company's agencies in New
York, 57 Broadway, and in Boston, Boston Safe Deposit and Trust Co.
Directors. — James M. Jackson, Augusta, Ga.; M. Fain, G. G. Whitcomb, Murphy, N. C.,
R. M. Pulsifer, Boston, Mass.; D. A. Boody, New York, N. Y.; R. J. Lowry, Atlanta, Ga.;
J. B. Glover, Marietta, Ga.
R. M. PTJLSIFER, President Boston, Mass.
Treasurer— 3. B. Glover Boston, Mass. | Secretary— H. M. Hammett Marietta, Ga.
PRINCIPAL OFFICE AND ADDRESS Marietta, Ga.
Financial Agency (Boody, McLellan & Co.), 57 Broadway, New York, N. Y.
MEHERRIN VALLEY RAILROAD COMPANY.
Line of Road. — Margaretsville, N. C., to Hicksford 20 miles.
Sidings, 2 miles. Gauge, 4 ft. 8| in. Rail (steel), 40 Ibs. per yard.
History. — Chartered March 14. 1878 ; road in operation during 1884 from Junction with
S. & R. RR. to Claresville, Va., 10 miles. The track of the Seaboard and Roanoke RR. is used
from junction to Margaretsville, 0.25 mile. Early in 1885 the line was completed throughout
its entire length.
Rolling Stock, May 1, 1883. — Locomotive engine, 1. Cars — passenger, 1 ; baggage, etc.,
1 ; freight (box, 5 ; platform, 7), 12— total, 14.
Financial Statement.— Capital stock (par, $50), $50,000 ; bills payable, $100,000— total,
$150,000. The road is being built by the Greenville Land and Lumber Co. When 20 miles
of road shall have been completed and equipped, the Meherrin Valley RR. Co. will issue its
600
POOR'S MANUAL OF RAILROADS.
bonds to the amount of about $10,000 per mile. It is proposed to increase the par value of
stock to $100 per share, and to extend the road to Danville, Va.
All later information refused.
Directors.— A. W. Jones, M. T. Dill, D. B. Tiller, John H. Bryant, A. S. Baldwin.
A. W. JONES, President Richmond, Va.
Treasurer— John H. Bryant Portsmouth, Va. I Gen. Superintend fnt—yi. T. Dill Portsmouth. Va.
Secretary— A.. 8. Baldwin New York, N. Y. \ Chief Engineer— W. B. Brown.... MargaretsvUle, N. C.
General Ticket and Freight Agent— W. T. Dill Warren Station, Va.
PRINCIPAL OFFICE AND ADDRESS Portsmouth, Va.
NEWPORT NEWS AND MISSISSIPPI VALLEY COMPANY.
Lines of Road Leased.—
Chesapeake and Ohio tfy.: Newport News, Va., to Huntington, W. Va 494.05 miles.
Old Point Comfort Extension : Phosbus, Va., to Old Point Comfort, Va 7.84 miles.
Elizabethtown, Lexington and Big Sandy RR.: Huntington, W. Va., to Lex., Ky.139.42 miles.
Chesapeake, Ohio and Southwestern RR.: Louisville, Ky., to Memphis, Tenn 892.48 miles.
Branch : Elizabethtown, Ky., to Cecilia Junction 6.00 miles.
Total length of lines leased 1,039.79 miles.
History. — Chartered by the State of Connecticut, in March, 1884, with power to build,
acquire by purchase, lease, and operate railroads, steamboat and steamship lines, and to
acquire, hold, and dispose of stocks, bonds and securities issued by any corporation, or by
Government, State, or local authorities. The company has taken a lease of the Chesapeake,
Ohio and Southwestern RR. for 50 years from February 1, 1886 ; of the Elizabethtown, Lex-
ington and Big Sandy RR., for 250 years from February 1, 1886, and of the Chesapeake and
Ohio Ry., for 250 years from July 1, 1886.
" These leases provide that the lessee will keep the leased properties in good repair, operate, maintain, add
to and better the same as the bnsinessof the roads may from time to time require, and apply the surplus after pav-
ment of the expenses so accrued to or toward the payment of the principal and interest of equipment trust bonds
and other interest obligations of the lessor companies in the order of their priority, making such other advances
from time to time as may be determined upon. The organization also contemplated securing a further unification
of the interests in the leased properties by an exchange of the stock of this company for stock and other junior
securities of the lessor companies at such prices as might be agreed upon, equalizing as far as might be in such
an exchange the varied values and interests of the junior securities of the lessor companies, and substituting for
them a security whose value could be better understood and determined, and more readily realized by the holders.
The advantages of this exchange have been so manifest that a sufficient number of the holders of said securities
have availed themselves of the proposition to substantially insure the consummation of this desirable measure.
" Owing to the gap between Lexington and Louisville, it became for the present desirable to divide the prop-
erty for purposes of physical operation into two divisions, viz., the Eastern and Western.
"The E., L. & B. 8. RR. Co. is now. engaged in the construction of a line of railroad along the south side of
the Ohio River from Ashland, Ky., to Covington, Ky., a distance of about 143.30 miles, and its completion is ex-
pected by the close of this year. This road will reduce the distance to Cincinnati, Ohio, about 55 miles. He grades
do not exceed 13 feet per mile, and it will in conjunction with the double track railroad bridge which is now
building across the Ohio River between Covington, Ky., and Cincinnati. Ohio, secure important advantages in
the control of traffic between the western cities and the Atlantic seaboard. With the completion of this bridge
the most serious obstacle to the development of our western business will be removed, and we shall then be able
to carry the products of the West to tide-water, and coal, coke and other products to the West, under more favor-
able conditions than at present."
Rolling stock, in detail, December 31, 1886 :
CHARACTER or LOCOMOTIVES.
Total
No.
PASSENGER EQUIPMENT.
Total
No.
Pass.
Switch
ing.
8-wh.
Fr.
Mo-
gul
10-wh
Fr.
Con-
soli-
dat'n.
B.,M.
&Ex.
Passen-
ger.
Com-
binat'u .
Other.
Ches. and Ohio...
E., L. &B. 8
40
14
31
8
21
6
45
6
33
44
2
164
22
71
24
3
12
40
12
26
3
3
2
7
74
18
42
C., O. & S. W
Total
5
2
2
85
13
21
8
84
46
257
39
78
8
9
134
ROAD.
Box.
Stock.
Fiat.
Gon-
dola.
Fast
Freight
H. B.
Coal.
Coke.
D. B.
Gond'a
H. B.
Gond'a
Ca-
boose.
Road.
Total.
Ches. and Ohio.
E.,L. &B. S...
C., O. &S. W..
Total
2,488
235
608
204
74
86
389
58
147
274
3
934
94
2,227
57
195
133
4
36
158
1
37
6,904
529
1,639
100
470
3,391
364
594
744
3
934
94
100
2,479
173
196
9,072
POOES MANUAL — NEWPORT NEWS AND MISSISSIPPI VALLEY CO.
601
Comparative statement of gross earnings and surplus over operating expenses of all lines
for five years :
YEARS.
GROSS EARNINGS.
SURPLUS OVER OPERATING EXPENSES.
E.,L.& B.S.
C..O.&S.W.
C. & O.
Total.
E..L.&B.S.
C.,O.&8.W.
C. &O.
Total.
1882...
$
534,154 76
713,102 69
762,628 44
706,469 07
937,529 46
8
1,027,598 84
1,322,455 35
1,374,646 08
1,571,155 94
1,713,325 74
8
3,334,976 91
3,906,791 79
3,538.605 16
3,361.23547
4,096,048 55
8
4,89^,730 51
5,942,349 83
5,675,879 68
5,638,860 48
6,746,903 75
t
156.455 67
217.041 35
258,052 68
272.774 46
327,621 35
252.254 97
308.92054
339,950 87
502,53088
651,94208
8
1,068.072 31
1,353.29932
1,075.884 65
987,075 55
1,228,066 57
$
1,477,68295
1,879,2(51 21
1,673.88820
1,762.380 89
2,207,630 00
1883
1884
1885
1886
The receipts and disbursements for account for each of the roads, operated from date of
lease to December 31, 1886, have been as follows :
E., L. & B. S. RR.
Feb. 1 to Dec. 31,
11 months.
C.,O.&S.W. RR.
Feb. 1 to Dec. 31,
11 months.
Ches. & Ohio Ry.
July 1 to Dec. 31,
6 months.
Gross Transportation Earnings
$
878,251 21
$
1,596,060 23
8
2,276,280 13
Operating Expenses
564,937 74
3,707 37
27,500 00
17,60000
975,199 13
9,11747
59,600 00
71,343 82
1, 551,883 24
11.51398
46,356 70
3,00000
Miscellaneous Expenses
Taxes
Rentals
Total Expenses
613,745 11
1,115,26042
1,612,753 86
Surplus .
264,506 10
4,583 33
85,727 37
480,799 81
4,583 33
108,918 38
663,476 27
7,477 23
780,878 85
Other Earnings
Collected on Accounts Due Prior to Lease
Total Receipts
354,816 80
594,301 52
1,451,832 35
Less Payments for :
Current Liabilities
246,696 12
617,813 15
195,034 50
747,739 45
597,492 80
Liabilities Due Prior to Lease
Total Disbursements .. . .
246,696 12
812,847 65
1,345,232 25
The above statement includes the receipts and disbursements of every character of the
lessee for account of the respective companies during the period operated, whether the same
have resulted from the operation of their roads, or payments of liabilities, or collection of
assets, prior to or accruing under the lease, and it represents simply an accounting between
the lessee and lessors, the proper disposition of which is made in the annual reports of the
respective companies.
The mileage of passenger and freight equipment on each road during the year has
been :
Roads.
PA&SENGER EQUIPMENT.
FREIGHT CARS.
Passenger
B..M.&E.
Sleeping.
Total.
Loaded.
Empty.
Total.
Per Cent, of
Empty Mil 'ge.
Ches. and Ohio
2,319,932
482,389
1,323,314
828.937
227,302
640,852
749,593
228,058
385,564
3,898.462
937,749
2,349,730
46.719,267
8,361,979
11,960,642
26,242,858
2,225,325
3,910,259
72,962,125
10,587,304
15,870,901
35.96
21.01
24.63
E., L. &B. S
C., O. & S. W
Total
4,125,635
1,697,091
1,363,215
7,185,941
67,041,888
32,378,442
99,420,330
32.56
Of the total mileage with freight cars, 33,604,709 miles, or 33.80 per cent., was made by
foreign cars ; this company's cars running 22,446,924 miles on foreign roads.
602 POOR'S MANUAL— NEWPORT NEWS AND MISSISSIPPI VALLEY CO.
Operations for year ending December 31, 1886 :
Ches. and
Ohio.
E., L. and
B. S.
C., O. and
S. W.
Totals.
930.661
3,592.926
227,809
752.1.35
654.836
902,632
1.813.306
Total Revenue Train Mileage
4.523.587
5,517.186
5a5,848
29.590.444
929.032
617.372
628,119
979.944
1,330.872
244.890
8,199,376
157,723
230,399
740,955
1,557,468
1,918.106
490.579
15.551. 4S->
208,127
255.906
231,539
7.060,999
8,766,164
1,801,817
58.341.302
1.294.8X2
1.103.477
1,600,613
Through Freight (tone) Moved. . .
Total
2.174.523
227.4&3.S49
69.165,185
206,367,677
1,128.877
15,449.H47
13,79U71
70,966.740
695.572
32.K94.387
27.924.023
63,389,231
3,998.972
325,808.083
110.880.379
400,723.648
. Coal (ton) Miles
Local Freight (ton) Miles
Tlii'ouo'h Freight (ton) Miles
Total
612.996,711
630,573 70
3,319.371 45
146,103 40
100,207,758
8
176,155 47
781,878 50
29,501 49
124,207,641
8
383.042 39
1,242,241 66
88,041 69
837,412,110
S
1,189.771 56
5,293,485 61
263.646 58
Earniiiors — Passenger
Freight. . .
Mail, Express, etc
4,096,048 55
2,867,981 98
1,228,066 57
937.529 46
609.908 11
327,621 35
1,713.325 74
1,061.383 66
651,942 08
6.746.703 75
4,539,273 75
2,207,630 00
Total Expenses
Net Earnings
The average length of haul, the average distance per passenger, the 'earnings, oper-
ating expenses and surplus per ton per mile and per passenger per mile have been :
Road.
AVERAGE LENGTH or FREIGHT
HAUL
Aver-
age
Earn-
ings.
Opera-
ting
Expen-
ses.
Surplus
AVERAGE DISTANCE FIB
PASSENGER.
Aver.
aire
Earn-
ings.
Opera-
ting
Expen-
se!.
—
'Coal.
Local.
Thro'.
Aver-
age.
Local.
Thro'.
Aver-
age.
Ches. and Ohio....
E., L. &B. s
Miles.
298 66
97 89
157.83
Miles.
112.03
69.91
109.12
Miles.
424.07
96.77
278.77
Miles.
281.89
88.76
178.68
Cents.
.641
.T30
1.000
Cents.
.873
.469
.661
Cents
.168
.261
.488
Miles.
34.16
19.42
26.60
Miles.
201 80
76.87
189.88
Miles.
62.29
8S.48
81.70
Cents
2 1st
2.463
Cents.
l tea
I 709
1.331
Cents.
.101
.48*
.131
C..O.&S. W
Avjrage
261.61
100.48
260.86
209.89
.682
.413
.119
28.80
144.83
40.99
1.230
2 OS3
.m
The above tonnage is exclusive of company's material.
General Balance Sheet, December 31, 1886.
Stocks and Bonds $11,800,700 00
Cash on Hand and in Transit 263.696 35
Agents and Conductors 321,728 68
New York Coal Agency 165,422 18
Traffic Balances 118,35348
Sundry Roads and Persons 261 ,301 51
United States Post Office Department. . . 26,618 52
Unadjusted Accounts. 41,641 83
Greenbrier and New River RR 9,355 77
8. R. Railway Transfer Company 113,255 35
C., O. and S. W. Railroad Company 218.546 13
Stock of Supplies 548,490 40
Common Stock Issued $11,286,100 00
" " Scrip 14,22500
Vouchers and Pay Rolls
State and Municipal Taxes
Coupons, E. T. Bonds
Sundry Roads and Persons
Unadjusted Accounts
Loans
Due C. & O. Railway Company
Due E., L. & B. S. Railroad Company. . . .
Due S. R. Railway Transfer Company
Balance...
-§11,300.325 00
'97SU94 26
39,5*16 09
14,160 00
20,000 00
85.124 14
335,314 94
100.6ml 10
108,120 68
30,556 97
869,848 02
Total Assets $13,889,110 20 Total Liabilities $13,889,110 20
The above item, " Stock and Bonds," includes $1,723,000 6 per cent. $1,000 bonds of C.
& O. Ry.; $600 6 per cent. $100 bonds of C. & O. Ey. ; $1,055,500 stock of E., L. & B. S. RR.;
$3,442,000 common stock of C., O. & S. W. RR.; $5,579,600 preferred stock of C. O. & S. W.
RR.
Directors (elected May 10, 1884).— C. P. Huntington, A, N. Hawley.E. L. Plumb, E. H.
Pardee, R. T. Col burn, F. H. Davis, I. E. Gates.
C. P. HuNTrNQTON, President New York, N. Y.
I. E. Gates, 1st Vice- President New York, N. Y.
2tf 7l66-Pr&id«nt—Wni.C. Wickham... Richmond, Va.
oil lice- I'rtfiirlent— John Echols Louisville, Ky.
Asst. toPrest. & foinj'.-- Wm. M;ihl..Ne\v York, N. Y.
Secretary— 1. E. Gates New York, N. Y.
Asft. Secretary— A.. N. Hawley Hawleyville. Conn.
Treasurer—I. E. Gates Nuw York, N. Y
Afxtatant T^nasurer—A.. N. Hawley Hawleyville. Conn.
PBINCIPAL OFFICE AND ADDRESS Mills Building, New York, N. Y.
POORS MANUAL OF RAILROADS.
603
BAILROADS LEASED BY NEWPORT NEWS AND MISSISSIPPI VALLEY COMPANY.
CHESAPEAKE AND OHIO RAILWAY.-Newport News, Va., to Huntiiigton, W. Va.. 404.05
miles ; Hnntington, W. Va., to Bit; Sandy, (leased to E., L. & B. S. RE.), 8.88 miles ; Hio'lms, Va.. to Old Point
Comfort. Va., T.84 miles— total length of line, December 31, 1886. 510.77 miles. Sidings, etc., 174.S2 milec. Total
track, 685.29 miles. Gauge, 4 ft. 9 in. Rail (steel, 543.76 miles), 54. 56 and 60 Ibs.
li/atory.— Consolidation <1808) of the Virginia Central and the Covington and Ohio RR. Companies. The Vir-
ginia Central RR. was opened to Coviugton, at the base of the Alleghany Range, 208.50 miles from Kichmond, in
1867. Included in this line was the Blue Ridge RR., of 17 miles, a State work, involving an expensive tunneL
The Covington and Ohio RR. was undertaken, with means supplied chiefly by the State, for the purpose of ex-
ti-nding its railroad system to the Ohio River. Upon the latter road a large amount of money was expended.
The work on the extension was abandoned in 1861 ; resumed in 1868, and the whole line completed March 1. 1873.
The company having made default on its coupons maturing November, 1873, a receiver was appointed October 9,
1875. On the 2d of April, 1878, the road was sold, and under a plan of reorganization on behalf of all parties in-
terested. the present company wac organized, to which the property was conveyed July 1, 1878.
From Umitington to Louisville, and from Richmond to Newport News, the lines came into full operation in
the spring : and the Chesapeake, Ohio and Southwestern in the summer of 1882 : the extension to Old Point Com-
fort was completed during the same year, and the Louisville, New Orleans and Texas in the fall of 1884. To pro-
vide the means for the construction of Old Point Comfort Extension, and for the erection of wharves, ware-
houses, and. termiual facilities at Newport News and Old Point Comfort, and alco for the construction of the pro-
posed branch from a point west of Scary to the month of the Kanawha River, provision has been made for an is-
sue of $3,000,000 bonds, secured by mortgage upon the branches and other property above referred to, not covered
by previously existing mortgages.
The Elizabeth, Lexington and Big Sandy RR. Co. operates 8.88 milet of this companv's road, extending from
Hnntington to the Big Sandy River. Length of line operated by Chesapeake and Ohio Co., 501.89 miles.
The road was leased July 1, 1886, to the Newport News and Mississippi Valley Co.. for 250 years, the lessee to
apply surplus over operating road to payment of principal and interest of equipment trust bonds and to interest
obligations.
This company guarantees the bonds of the Chesapeake and Ohio Elevator Co. to the amount of £700,000.
The property of t'he Elevator Co. is mortgaged to secure the bonds, and is to revert to this company in 20 yeare,
upon payment of the boudu.
Rolling Stock, December 31, 1886.— See Newport News and Mississippi Valley Railway statement.
Operations for year ending December 31, 1886.— See Newport News and Mississippi Valley Railway statement.
Earnings.— Passenger $680,573 70
Freight 3,319,371 45
Express 34,968 53
Mail 60,363 51
Miscellaneous 50,771 36
Expenses.— Maintenance of Way .......... $488,658 56
Maintenance of Cars ........... 371,311 88
Motive Power ................. 889,201 74
Transportation ................ 1,045.871 18
General ........................ 72,938 62
Total ($8,144.37 per mile) $4,096,048 55 Total ($5,714.36 per mile) $2,867,981 98
Net earnings (29.99 per cent), $1,228,066.57 ; other receipts, $11,626.47— total, $1,239,693.04. Deduct taxes and
rentals, $109,227.34. Available revenue, $1,130,465.70. Payments: Interest on bonds. $817,970 ; on equipment
trust, $56,040 ; on floating debt, $105,031.25 ; miscellaneous expense?, $31, 720.S2— total payments. $1,010,761.57.
Balance, surplus, $119,704.13. Add $5,596.25 suspended accounts collected, and deduct $20,000 for discount on
bonds sold ; balance, net surplus for year, $105,300.38. Surplus from last year, $848,444.50. Surplus as per bal-
ance sheet, $953,744.88.
General Balance Sheet, December 81, 1886.
Common Stock and Scrip $15,497.029 74
First Preferred Stock and Scrip 8,393,900 00
Second Preferred Stock and Scrip 11,591,788 80
FuudedDebt 31,501.39987
Equipment Trust Bonds 1,209,00000
Reorganization Liabilities 542,978 84
Bills Payable 240,88480
Demand Loans 1,535.330 94
Construction, Equipment, etc.;
Cost of Road, etc $62,967,669 36
Improvements, etc., etc. 5,112.594 27
West of Huntington . . .
Peninsula Extension. . .
Hampton Branch
Newport News Wharves
Greenbrier Stock Yards
Greenbrier & N. R. RR,
Real Estate
Deferred Interest Scrip " 975,000 00
Stocks, Bonds, and Bills Receivable 19,333 13
Materials, Fuel, etc 205,621 71
Unadjusted Accounts 61,188 38
Current Accounts 315,967 84
Cash on Hand, etc 1,939 89
240,449 24
2,331,194 53
71,203 35
870,005 47
23,488 25
18,587 57
436 36— $71,641.628 40
*ir*K A/1A Art
Unpaid Vouchers and Pay Rolls.
Sundry Dues and Taxes
Unpaid Coupons
Interest Due under Reorganization.
Deferred Interest Scrip
Profit and Loss...
39,494 32
257,948 75
469.845 50
12,332 91
975,000 00
953,744 88
Total Assets $73,220,679 35 Total Liabilities $73,220,679 35
Statement of funded debt outstanding, December 31, 1886 :
Description of Bonds.
Date.
Interest.
Principal
Due.
Authorized.
Outstanding.
Purchase Money Funding
July 1, 1878
July 1, 1878
July 1, 1878
July 1, 1878
Jan. 1, 1881
June 1, 1882
6 p. c. g., Jan. <fc Jnly
6 p. c. g., April & Oct.
6 p. c. g., May & Nov.
6 p. c., Jan. & July
6 p. c. g., April & Oct.
6 p. c. g., June & Dec.
July" 1," 1898
July 1, 1908
July 1, 1908
July 1, 1918
Jan. 1, 1911
June 1, 1932
$2,350.000
2,000,000
15,000,000
10,122,500
2,000,000
3,000,000
2,000,000
$2,279,000 00
2,000.000 00
14,974,210 00
10,106,189 87
2,000.000 00
142,000 00
j- 1,209,000 00
1st Mtge. Gold, Series A
1st Mtge. Gold, Series B
2d Mtge. Currency
1st Mtge. Gold, Peninsula Ext
1st Mtge. Gold, Terminal
Equipment Trust Bonds.
Less issued for and guaranteed by E., L. & '.
3. S. RR. Co
604
POOR'S MANUAL — CHESAPEAKE AND OHIO BY. CO.
cnrity with that issue, and in addition are specially secured by a lien, in common with the $2-000,000 6's of 1911,
on the Newport News extension and the terminal facilities at that place. The 3d mtge. 6's of 1918 are subject to
prior liens as stated, secured on main line and property.
Interest on the "Series B" bonds was made payable for 3 years from November 1, 1878, in first preferred
Stock ; for the fourth year, 8 per cent, in first preferred stock and 8 per cent, in gold coin ; for the fifth year, 2 per
cent, in first preferred stock and 4 per cent, in gold coin : thereafter wholly in gold coin. The 18*5 Interest on
this issue was paid one-half in cash and one-half in interest scrip, payable out of net earnings as they accrue.
May, 1886. interest was paid one-third in cash and two-thirds in interest scrip ; November, 1886, one-half in cash
and one-half interest scrip. A proposition was made in July, 1886, to reduce the interest on these bond* to 4 per
cent, and extend them to 1986, holders to receive a bonus of 25 per cent, in Newport News and Mississippi Valley
stock.
The interest on the currency bonds, due 1918, was made payable for the first six years from July 1, 1878, in 2d
preferred stock ; for 7th year, 4 per cent, in 2d preferred stock, and 2 per cent, in lawful money ; for 8th year, 2
per cent, in second preferred stock, and 4 per cent, in money ; and thereafter wholly in money, provided the
revenues are sufficient ; if not, then in 2d preferred stock. Holders of these bonds have been asked to exchange
them for 125 per cent, in Newport News and Mississippi Valley stock.
The 1st preferred stock is entitled to 7 per cent., and the2d preferred to 6 percent, dividends, non-cumulative.
Statement of operations, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles
487,140
2,051,223
276,275
13,610,105
941,123
230,219,551
S
402,689
1,998.812
117,745
762,672
2,692,984
496,198
20,066,915
1.435.597
298089,359
S
599,931
2,658,361
117,676
776,006
2,598,174
484,338
23,975,484
1,367,469
345-4S8.716
8
624,598
2,600,539
109,840
876,437
2,847,361
572,572
29,287,252
1,748,676
426,279-070
8
695,105
3,081,032
130,655
931,743
2,792,607
559,415
27,237,624
1,579.106
406023,922
$
647,707
2,728,4(58
162,430
894.370
3,093.440
502.773
25,114,296
1.849.938
480211,786
8
570,181
2,639,569
151,485
930,661
3.592.926
565,848
29.5W.444
2.174.523
612996-711
8
630.574
3.319,371
146,103
Freight Train Miles
Passengers Carried
Passenger Miles
Freight Tons
Freight (ton) Miles . .
Passenger Earnings
Freight Earnings
Other Earnings.
Gross Earnings
2,514,246
1,945,018
3,375,968
2,743,430
3,334,977
2,302,449
3.906,792
2,599,934
3.538,605
2,499,744
3,361.235
2,465,812
4,096.048
2,977,209
Expenses and Taxes
Net Earnings
569,228
632,538
130,119
1,032,528
10,133
1,306,858
1,038.861
1,146
895,423
1,558
1,118,839
11,627
Other Receipts
Total Available Revenue
569,228
136,729
762.657
I 233,502
1 21,090
1,042.661
741,269
67,686
106,654
1,306,858
986.600
68,512
34,333
1,040,007
1,279,260
136,843
896,981
878.970
124,740
14.094
1,130,466
874.010
105.031
31,721
Paid — Interest on Bonds
Other Interest
Miscellaneous
Total Payments
136,729
+ 432,499
5.929 82
4,58730
1,34252
77.86 p. c.
2.85 c.
0.869 c.
436.80
98.95
332.21
86
54
3,057
S
27,647,536
25,855,600
5,567,997
2,570,048
254.592
+ 508.065
7,96481
6,472 49
1.492 32
81. 26 p. c.
2.99 c.
0.891 c.
512.07
117.57
504.20
133
53
3,697
8
30,072.246
28.604,611
10,520,325
1,081,930
915.609
+ 127,052
7,037 89
4,858 92
2,178 97
69. 04 p. c.
2.60 c.
0.793 C.
519.42
160.29
511.55
153
64
4,575
S
31,703.284
31,300.983
13,406,498
779,046
1,089,445
+ 217.413
7,63478
5,080 87
2.553 91
66.55 p. c.
2.37 c.
0.723 c.
511.71
160.81
536.72
169
90
5,234
8
32.818,121
32,410,610
17,701,502
708,199
1,416.103
— 376,096
7,04479
4,976 59
2,06820
70.64 p. c.
2.380 c.
0.67-2 c.
511.07
167.85
543.76
165
68
5,116
8
33,355,151
32.354.700
3,111,929
690,493
1,017,804
— 120,823
6.691 68
4,276 58
2.415 10
70. 63 p. c.
2.270 c.
0.548 C.
510.77
167.85
543.76
165
67
4.941
I
34.832.374
32,252,200
3.080,713
583,274
450,000
848,444
1,010,763
+ 119,704
8.144 37
5,931 99
2.21238
72. 68 p. c.
2.131 C.
0.541 C.
510.77
174.52
543.76
164
74
6,904
8
35.482,718
31,501.400
3.764.837
542,979
975,000
953,745
Balance + or — )
Gross Earnings per Mile
Net Earnings per Mile
Expenses to Earnings ,
Average Passenger Mile Rate
Average Ton Mile Rate
Miles of Railroad Owned
Miles Other Tracks
Miles Steel Rails
Locomotive Engines ....
Passenger Train Cars
Freight Train Cars
Capital Stock
Funded Debt
Bills, Accounts, etc
Reorganization Accounts
Deferred Interest Scrip
Profit and Loss
1,345,353
Total Liabilities
61.641,181
55,102,963
70,279,112
58,163,471
136,213
514,485
11,464,943
77,189.811
59,312,876
199,212
744,397
16,933,326
83,638,432
61,545,756
63.889
750,299
21,278,488
70,857,626
69.024,040
78,893
458,569
1,296,118
72,047,005
70,137,105
64,000
592,472
803,428
450.000
73,220.679
71,641,628
19,333
207,56-3
377.156
975,000
Railroad and Equipment
Stocks, Bonds, etc
Materials and Cash
232.903
6,305,315
Bills, Accounts, etc
Deferred Interest Scrip
Total Assets
61,641,181
70,279,112
77,189,811
83,638,432
70,857,626
72,047,005
73,220,679
NOTE.— In 1880 the returns are for 15 months, the close of the fiscal year having been changed from Septem-
ter 80 to December 31. The expenses and net earnings per mile in this table are calculated on gross expenses,
Including taxes during the past three years, which previously having been in dispute were not so included. Up
to 1884 no profit and loss account appeared in the general balance sheet of this company, the full receipts and dis-
bursements', etc. , being debited ana credited ; it is owing to this thut the total assets and liabilities show a decrease
of nearly $13.000,000.
Annual meeting, third Thursday in March, at Richmond, Va.; books close about three weeks in advance of
and reopen day after annual meeting. Voting power attaches to stock immediately after transfer. Trustees of
bonds : Purchase Money Funding, Joseph Bryan and Henry T. Wickham ; 1908 series "A." Central Trust Co.,
New York, N. Y.; 2d mortgage currency bonds of 1918, A. B. Green and I. E. Gates, Peninsula Extensions of
1911, John Hillhouse and E. St. John ; Terminal bonds of 1922, J. P. Lloyd and F. H. Davis ; equipment Trust
bonds. Metropolitan Trust Co. of New York, N. Y. Registrar of stock, Central Trust Co., New York, N. Y.
Transfer Agent, H. D. Lacey.
POOR'S MANUAL OF RAILROADS.
605
Directors (elected March 24, 1887).— C. P. Huntington, 0. A. Low, EHas 8. Higgine, A. S. Hatch, John Cas-
Secretary and Treasurer^ New York, N. Y. GENERAL OFFICE. Operating Department
tive and Transfer Office, Mills Building, 23 Broad Street, New York.
, Kichmond, Va. Execu-
The Chesapeake, Ohio and Southwestern RR. Co. was organized in Tennessee in 1877, under the general law
of that State ; and in Kentucky by a special act passed January 18, 1882, as successor to the Memphis, Paducah
and Northern UK. (see MANUAL for 1884, page 504), purchased under a foreclosure sale July 30, 1881, which, by
the last-named act, was merged with the Paducah and Elizabethtown RR. Co., January 26, 1882. The main line
was opened September 6, 1872. The extension from Cecilia into Louisville, 46.7 miles, was completed September
1, 18<4. This branch was sold to the Louisville and Nashville RR. Co. January 19, 1877, and by it operated until
January 1, 18^2. The line of the Chesapeake, Ohio and Southwestern RR. extends from Elizabethtown. Ky. (46
miles southwest of Louisville), ma Paducah to Memphis, Ttnn. It leased in perpetuity, January 1, 1882, from the
Louisville and Nashville RR. Co., at the rate of $60,000 per annum, the Cecilian Branch, previously sold to that
company, and operates the same as a part of its main through line to Memphis. In 1882 the gauge of the road
was changed from 5 feet to 4 feet 9 inches, to correspond with that of the roads entering Louisvi He f rom the n >rth
and east. Arrangements have been made for using the line between Louisville ana Lexington (owned by the
Louisville and Nashville), standard gauge, so as to admit the trains of the C. & O. Ry. of Virginia to Louisville,
and to an exchange there of the through business between the two systems. It is proposed to construct a cut-off
eouth of Paducah, so as to reduce the distance from Louisville to Memphis about 20 miles ; also to extend the
line to Cairo, so as to connect with the roads diverging thence in the direction of St. Louis and Arkansas. The
length of road and branches, when completed, it is estimated will be 450 miles.
On February 1, 1886, the road was leased for 50 years to the Newport News and Mississippi Valley Co., lessee
maintaining and operating the property, paying interest on bonds, and dividends up to 6 per cent., non-cumulative,
on stock.
Rolling Stock.— Locomotive engines, 71. Cars— passenger, 26 ; combination, 2; official, 1 ; pay, 1; baggage,
mail and express, 12 ; freight.(box, 668; stock, 86 ; platform, 147 ; gondola, 665), 1,566 ; caboose, 36 ; other, 37—
total cars, 1,681.
Operations tor year ending December 31, 1886.— Train mileage— passenger, 654,836; freight, 902,632; other,
860,638— total. 1,918,106 miles. Passengers carried, 490,579 ; carried one mile, 15,551,482 ; average mile rate, 2.463
cent*. Tons freight moved, 695,572 ; moved one mile, 124,207.641 ; average ton-mile rate, 1 cent.
Earnings— passenger, $383,042.39; freight, $1,242,241.66; mail and express, $66,501.16; other, $21,540.53—
total ($4,299.65 per mile), $1,713,325.74. Operating expenses ($2,663.58 per mile), $1,061,383.66. Net earnings
(88.05 per cent.), $651,942.08. Other receipts, $4,583.33. Available revenue, $656,525.41. Payments: Interest on
bonds, $478.550 ; other interest. $36,438.69 ; rei'tal, $77,111.17 ; taxes, etc., $73,927.17— total, $666,027.03. Balance,
deficit, $9,501.62 ; deficit, $106,025.30 ; old claims, etc., $8,594.35— total deficit as per balance sheet, $124,121.27.
General Balance Sheet, December 81, 1886.
Cost of Road, Equipment, etc $19,849,819 82
Real Estate 439,038 86
Bonds Unsold 1,203,770 00
Materials and Fuel.
Bonds in Sinking Fund
Bills and Accounts
Stock in Other Corporations .
Cash on Hand
Profit and Loss...
129.230 15
45,000 00
25,496 46
2,250 00
2,579 60
124,121 27
Common Stock $6,030,600 00
Preferred Stock 3,696,000 00
Funded Debt 11,208,00000
Demand Loans and Bills Payable 580,457 90
Equipment Trust Notes 25,455 88
Due Sundry Roads and Persons 16,925 69
Coupons Unpaid 26,065 00
Due Newport News and Miss. Valley Co. 216,307 25
Unadjusted Accounts 21,494 44
Total Liabilities $21,821,306 16
Total Assets $21,821,306 16
Funded debt outstanding December 31, 1886 :
Paducah and Elizabethtown RR. 1st mortgage 8 per cent. 20-year bonds, due Feb., 1897, int. F. & A $300,000
Paducah and Elizabethtown RR. 1st mortgage 6 per cent. 20-year bonds, due Feb., 1897, int. F. & A 200,000
Chesapeake, Ohio and Southwestern RR. 1st mortgage 30-year bonds, due Feb., 1911, interest F. & A 6,176,600
Chesapeake, Ohio and Southwestern RR. 2 mtge. 6 per cent. 30-year bonds, due Feb., 1911, int. F. & A. . .3,865,400
Equipment Trust 6 per cent, bonds, payable yearly to 1892, interest Jan. and July 660,000
Bonds unsold are, $106,600 1st mortgage and $1,097,170 2d mortgage C., O. & S. W. RR. Co. All bonds cou-
pon and $1,000 each; interest payable at 52 Exchange Place, New York, N. Y. The C., O. & S. W. 1st mtg. bonds
bear 5 per cent, interest until August, 1887, thereafter 6 per cent., pa) able in gold. Trustees : P. andE. mortgage,
Win. Woodward, Jr., and Wm. Mahl ; 1st mortgage coneol. , J. A. Horsey ana E. H. Pardee ; 2d mortgage coiisol.,
Joseph P. Loyd and James P. Harris. Registrar of stock, Metropolitan Trust Co.
Of the second mortgage bonds, $726,000 are ex-coupons to August, 1887. During 1884 the holders of the
common stock agreed to cancel five per cent, of their holdings (amounting to $317,400), in order to extinguish the
deficit in the general account of 1883.
Annual meeting, first Monday in April ; books close for annual meeting ten days prior thereto. Listed on New
[ York Stock Exchange, $6,676.000 consolidated first mortgage bonds.
Directors (elected April 4, 1887).— C. P. Hnnttngton, Eckstein Norton, T. C. Platt, Isaac E. Gates, John E.
Devlin, New York ; John Echols, E. D. Standiford, Louisville, Ky.; H. D. McHenry, Hartford, Ky.; Holmes
Cummins, Memphis, Tenn. C. P. HUNTINGTON, President, Mills Building, New York, N. Y.; John Echols, Vice'
\ President, Louisville, Ky.; I. E. Gates, Secretary and Treasurer, New York, N. Y. GENERAL OFFICES, 23 Broad
(Street, New York, N. Y. Local Office, Louisville, Ky.
ELIZABETHTOWN, LEXINGTON AND BIQ SANDY RAILROAD.-Huntington, W.
Va.. to Lexington, Ky., 139.42 miles. Sidings, etc., 22.51 miles. Gauge, 4 ft. 9 in. Rail (steel, 132.44 miles),
561bs.
Chartered January 29, 1869. This road opened (from Lexington to Monnt Sterling in 1872 ; to the Big Sandy
(River in November, 1881) forms a connecting line between the Kentucky system of railroads centring at Lexing-
Iton and the Chesapeake and Ohio RR. Of the 139.42 miles in operation, 21.46 miles (Ashland RR.), from Ashland
to Straits Creek Junction, and 8.88 miles (C. & O. Ry.), Huntington to Big Sandy River, are leased. The road was
{leased in February, 1886, for 250 years, to the Newport News and Mississippi Valley Co.
jRoUiny Stock.— Locomotive engines, 22. Cars— passenger, 15 ; baggage, mail and express, 3 ; freight (box,
235 ; stock, 74 ; platform, 58 ; hopper gondolas, 57 ; gondola, 100), 524 — total revenue cars, 542 ; caboose, 4 ; tool,
jl — total cars, 547. The gondola cars are covered by equipment trust as shown hereinafter.
Operations for year ending December 31, 1886.— Train mileage— passenger, 227,809; freight, 752,135; other,
: 550,928— total, 1,330,872 miles. Passengers carried, 244,890; carried one mile, 8,199,376; average mile rate, 2.15 cents.
606 POOR'S MANUAL OF RAILROADS.
counts adjusted, $7,957.50. Surplus, as per balance sheet, $195,294.01.
General Balance Sheet, December 31,
Cost of Road $8,928,886 82
Construction and Improvement 189,945 24
Equipment 524,26289
Trl»"'raph and Real Estate 5,573 49
Due Newport News and Miss. Valley Co.. . 108.120 68
Stock in other Companies .' 2,000 00
Cash, General Office 3.250 37
Total Assets 87,755,489 49
Capital Stock >•
First Mortgage Bonds Outstanding y.iv.- i
Ches. & Ohio Equipment Trust Bonds
Certificate*1 of Indebtedness
Current Accounts d'.i.
Interest Due and Accrued 14ti.!CO 00
Profit and Loss 195.:
Total Liabilities -
Funded debt consists of $3,282,000 first mortgage 6 per cent. 30-year bonds, dne March 1, 1902, in ten- 1 imv-
able March and September, in New York. Trustee, George I. Seney, New York, N. Y. The first mortgage bonus
are secured on entire line owned, 109.19 miles ; the equipment trust 6 per cent, bonds on 100 gondola cars : both
are for $1,000 each and coupon. The certificates of indebtedness were issued for construction, and :ire payable
only when the excess of earnings over operating expenses, taxes, sinking fund and fixed charges shall amount to
$25",000 per year. Amount of first mortgage bonds issued. §3, .500,000 ; retired by sinking fund. *2i,^.UK>.
The amount of stock authorized is $5,000,000, which may be increased to $10,000,000 to build the line from
Elizabethtown to Lexington. Annual meeting, Wednesday following third Tuesday in March, books closing ten
\.y. •"•• AJ- •IVrjlUj j; I COtU-C/ll, J.1CVT A V* Ay J.^ . J. • J WV4JJUI JL^^ilViCJ, f «*/c • J. / COtU'C«l , AJUUlC * 11 1C, J\. J . , J>.Ut<_ -U. \Jfl
treasurer, New York, N. Y. ; W. C. Emery, Secretary, New York, N. Y. PRINCIPAL OFFICE AND ADDK
NORFOLK AND OCEAN VIEW RAILROAD AND HOTEL COMPANY.
Line of Road. — Norfolk, Va., to Ocean View, Va 8.12 miles,
Sidings, etc., 0.25. Gauge, 3 ft. 6£ in. Rail, 30 I bs.
History. — Chartered February 27, 1878 ; road opened in September, 1879. Chiefly a sea-
side pleasure railroad.
Rolling1 Stock. — Locomotive engines, 2. Cars — passenger, 5 ; baggage, mail, etc., 1 ;
freight, 5.
Operations for year ending September 30, 1885 (latest furnished). — Trains run — passen-
ger, 33,000. Passenger and freight movement not reported. Gross earnings ($1.645.84 per
mile), $13,364.21 ; operating expenses ($957.82 per mile), $7,777.50 ; net earnings (41.80 per
cent.), $5,586.71. Payments : Dividend (No. 5)6 per cent., November, 1884, $3,000. Sur-
plus, $2,586.71.
Financial Statement, November 1, 1886.— Capital stock (par, $50), $50,000 ; funded
debt, 7 per cent. 10-year coupon bonds, due July 1, 1891, interest payable January and July,
$20,000; bills payable, $13,000; profit and loss, $20,535.99— total, $102,535.99. Contra {
Cost of road and equipment, $51,284 ; real estate and furniture at Ocean View, $52,087.95 ;
cash, $164.04.
Directors. — Alexander Turnetall, W. H. Taylor, George Mclntosh, H. M. Nash, George
H. Newton, Jas. E. Barry, W. A. S. Taylor, F. S. Taylor, George Newton, J. C. W'eston,
Norfolk, Va.
W. H. TAYixm, President Norfolk, Va.
Secretary and Treasurer— F. 8. Taylor.... Norfolk, Va. | Superintendent— V? '. A. Mathieson Norfolk, Va,
PKINCIPAL OFFICE AND ADDRESS Norfolk, Va.
NORFOLK AND VIRGINIA BEACH RAILROAD COMPANY.
Line of Road.— Norfolk, Va., to Virginia Beach, Va 17.8 miles.
Gauge, 3 ft. Rail (^teel), 30 Ibs. per yard.
History. — The Norfolk and Virginia Beach KR. and Improvement Co. was chartered
January 14, 1882 ; road opened July 28, 1883. The company has purchased all the property
of the Seaside Hotel and Land Co. at Virginia Beach, 6 miles below Cape Henry, and baa
erected hotel?, cottages, etc. During 1884 the road was placed In hands of receivers on
607
application of certain judgment creditors. In 1885 receiver discharged and road restored to
company.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 14; baggage, mail, etc., 1;
freight, 13.
Operations for year ending September 80, 1886. — Trains run (passenger and freight),
85,440 miles. Passengers carried, 85,446. Tons freight moved, 7,469. Earnings, $27,-
877.28. Expenses, $17,752.22. Net earnings, $10,125.06.
Financial Statement, September 30, 1886. — Capital stock authorized, $500,000 ; paid in,
$366,100. Funded debt, 6 per cent. 30-year 1st mortgage bonds, due April 1, 1912, authorized,
$483,000 ; floating debt, $15,000. Total stock and debt, $864,100. Cost of road and equip-
ment, $13,583.53.
Directors. — James H. Hopkins, Washington, D. C. ; C. W. Mackey, J. M. Dickey, W.
J. Welsh, Franklin, Pa. ; F. Weld, W. G. Elliott, Norfolk, Va.
JAMES H. HOPKINS, President Washington, D. C.
Ttcf-Pretident— C. W. Mackey Frankliii, Pa. General Manager— J. M. Dickey Franklin, Pa.
Treasurer— W. J. Welsh Franklin, Pa. Auditor— A. 3. Armstrong Norfolk, Va.
PBINCIPAL OFFICE AND ADDBESS Norfolk, Va.
NORFOLK AND WESTERN RAILROAD COMPANY.
Linejof Road.— Norfolk, Va. , to Bristol, Tenn 408.3 miles.
City Point Branch : Petersburg!! to City Point, Va 10.0 miles.
Saltville Branch : Glade Spring to Saltville, Va 9.5 miles.
Jtfew River Division : New River, Va., to Pocahontas, W. Va 75.0
Flat Top Extension : Branches to Coal Mines 8.0 — 83.0 miles.
Cripple Cretk Extension: between Pulaski and Foster Falls, Va 22.5 miles.
Trackage: Norfolk Terminal RB.: Norfolk to Lambert Point 5.3 miles.
Total length of lines operated January 1, 1887 : 538.6 miles.
Sidings, etc. (owned), 96.4 miles. Gauge, 4 ft. 9 in. Rail (steel, 513.8 miles), 56 to 67 Ibs.
History. — This company was formed May 9, 1882, by the consolidation and merger of the
New River RR. Co. (of Virginia), the New River RR. Co. of West Virginia and the East
River RR. Co. (of West Virginia) into the Norfolk and Western RR. Co. The latter corpora-
tion was a reorganization of the Atlantic, Mississippi and Ohio RR. Co. , and the several com-
panies merged into it had been previously organized with the object of building extensions
and branches of its lines. (For further particulars see MANUAL for 1884, pp. 391 and 392.)
During 1883 and 1884 the company acquired 30,571 shares out of a total issue of 36,962
shares of Sheuandoah Valley RR. Co. stock, which were received in payment of subscriptions
for 40,571 shares of the common stock of this company^ in accordance with the terms of traffic
contract entered into between the two companies on December 29, 1882. (See MANUAL for
1883, page 422).
The New River Division was completed and opened for business May 21, 1883. The pro-
jected length of the Cripple Creek Extension is about 50 miles. Work was begun in Decem-
ber, 1883, and 47 miles of line partly graded ; but the financial disturbances of 1884 caused
a suspension of constructive operations in July of that year. In December, 1885, work was
resumed, and on October 10, 1886, 22.5 miles of track was laid. To provide the means for
thi.s resumption of work $276,250 of the proceeds of the Improvement and Extension bonds
were set aside.
Rolling Stock, December 31, 1886. — Locomotive engines, 103. Cars — passenger, 33 ;
baggage, mail and express, 25 ; freight (box, 1,145 ; stock, 300 ; gondola, 2,419), 3,864 — total
revenue cars, 3,922. Also. 90 caboose, and 287 service cars. Of the above the following are
owned through car trusts : Locomotive engines, 51. Cars — passenger, 12 ; baggage, mail and
express, 4 ; freight (box, 485 ; btock, 100 ; gondola, 1,993), 2,587 — total cars, 3,661.
608
POOB'S MANUAL— NOEFOLK AND WESTEBN EB. CO.
Operations for year ending December 31, 1886.— See tabulated statement below.
Earnings.— Passenger $486.231 a5
Freight 2,590,826 64
Mail 69,082 52
Express 50,000 04
Miscellaneous 55,916 04
Expenses.— Maintenance of Way ' $312,586 50
Maintenance of Cars 174,715 97
Motive Power 651.713 <;6
Transportation 686,840 23
General and Taxes 235,053 00
Total ($6,414.31 per mile) 83,252,056 59 Total ($3,867.67 per mile) $1 ,960,909 36
Net earnings (39.70 per cent.), $1,291,147.23; add interest, dividends, etc., received, $34,-
803.10— available revenue, $1,325,450.33. Paid interest on funded debt, $1,091,348.14; on
car trust, $93,198.56 ; other interest, $9,239.07— total, $1,193,785.77. Surplus, $131,664.56 ;
surplus from December 31, 1885, $73,006.87— total surplus, $204,671.43 ; less $6,107.20
charged off during the year for extending divisional bonds, $69,893.92 charged for extra-
ordinary repairs to equipment, and $72,680.94 charged as value of 44 old engines retired from
service, leaving net surplus as per balance sheet, $55,989.37.
Statement of operations, capital account, etc., for six years :
1880-81
(18 mos.)
1882
1883
1884
1885
1886
Miles of Railroad Owned
428.00
4*8.00
473.75
301.30
87
26
1,684
16
540,286
1,776,295
486.00
4h6.00
532.93
389.50
82
30
1,649
16
492,658
1,304,393
257,194
503.00
503.00
577.00
415.00
107
30
2.205
21
485,927
1,739.746
85,483
510.00
510.00
582 30
490.00
120
33
3,372
24
591,076
1,733,470
77 757
510.00
515.20
584.10
495.70
128
33
3,359
24
567,251
2,112,624
68,291
533.3
538.6
629.7
513.8
303
33
3,864
25
683,792
2,453,247
83,719
Miles of Railroad Operated
Miles of Track Owned
Miles of Steel Rail Owned
Locomotive Engines
Cars Passenger..
Freight
Baggage, Mail, etc ....
Passenger Train Miles
Freight Train Miles
Total Train Miles
2,054,245
263,347
14,915,267
609,726
133,957,973
8
2,429,740
1,322,577
2,311,156
307,927
16,285,28b
797,255
155,521,709
8
2,812,777
1,509,574
2,402,303
412,452
19,213,251
892,512
171,773,275
8
2,711,153
1,516,858
2,748,166
388,087
19,151,534
1,199,790
295,788,872
8
2,771,121
1,649,292
3,220,958
400.*,9
19,580,000
1,555,867
403,008,908
8
3.252,056
1,960.909
Passengers Carried
303.400
20,001,189
805,486
181,446,853
$
3,432,111
1,604,067
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings
1,827,144
1,107,163
1,303,208
1,194,295
1,121,829
1,291.147
34,303
Other Receipts
Available Revenue
1,107,163
729,359
600,000
1,303,203
810,792
525,000
1,194,295
953,436
1,121,829
2,139,991
1,325,450
1,193,786
Interest Paid.
Dividends Paid. ..
Other Payments
66,662
+ 174,197
5,389 97
3,015 62
2,374 34
55.95 p. C.
S.71 C.
1.18C.
8
25,000,000
16,&50.600
1,651,812
Balance ( + or — ) ....
-222,196
5,676 96
3,09013
2,58683
54.40 p. C.
2.98C.
1.38C.
8
21,000,000
12,778.600
552,400
- 32,589
5,942 41
3,205 98
2,736 43
53.70 p. c.
2.98c.
1.40c.
8
25,000,000
I2.784.6ii0
1,5)16,894
1,000.000
247,298
388,^02
157,272
324,012
525,000
339,194
- 18,162
5,396 53
3,211 86
2,184 67
59.53 p. C.
2.39 c.
0.72c.
8
25,000.000
17,309.600
1,506,524
+ iai.664
6.414 31
3,867 67
2,54664
60.30 p. c,
3.12C.
0.65C.
25,000.000
18,196,600
1,743,686
Gross Earnings per Mile. . .
8,018 95
3,749 92
4,209 03
46.76 p. c.
2.975C.
1.449C.
8
18,000,000
10,778,600
Gross Expenses per mile
Net Earnings per Mile
Expenses to Earnings . . . ....
Average Rate per Passenger per Mile
Capital Stock . . .
Funded Debt
Lease Warrants on Rolling Stock
Collateral Loans
Accrued Interest. . .
150.348
50,000
192,111
141,040
243,103
647,092
296,285
291,710
•306.366
227,620
338,916
Bills Payable
Other Liabilities
Current Accounts
331,517
307,597
257,134
303,897
Dividends
Income Account
538,488
371,783
513,390
73,007
66,091
Total Liabilities
29,850,587
28,600,272
'514,'600
88,015
&5,924,495
29,294,563
1. 3-42.635
3,680,670
239,7'60
552,400
42.682.472
29,799,898
1,534,674
8,372,400
153,358
1,916,894
200,000
'"164,696
44.911,394
33,114,853
2.237.959
(i,li87.!XX)
107,856
1,651.812
335,000
889,009
21,760
44,680,251
37,720,800
2,399,292
1,758,921
124,424
1,506,524
45,639,088
38,937,753
1.1W.325
232.333
1,743,686
Railroad Property and Franchises
Equipment
Stocks and Bonds
Materials and Fuel
Norfolk and Western Car Trust
Advances to Shen. Valley RR. Co
Advances to Roanoke Machine Works
Bills Receivable
267,332
143,994
15,146
• 193,586
Advances to New River RR. Co
204,866
Currrent Accounts
204,806
179,413
211,134
296.661
19,171
149,413
1S2.443
173,028
267>*)
388,450
277.335
170,392
260,357
Suspense Account
Cash on Hand
238,028
327,722
329,418
Sale of Imp. and Ext. Bonds
Total Assets
29,850,587
35,924,495
42,688,472
44,911,394
44,680,251
45,639,088
POOR'S MANUAL — NORFOLK AND WESTERN RB. CO.
C09
During 1885 $4,000,000 of the amount carried on the books as representing the owner-
ship of the Shenandoah Valley stock was charged off to railroad, property and franchise ac-
count. The advances to the Shenandoah Valley RR. Co., and the amount due by the sus-
pended Planters' and Mechanics' Bank of Petersburg, and a few similar items were charged
to suspense account.
General Balance S7wet, December 31, 1886
Railroad Property and Franchises $38,937,753 46
Equipment 1,946,324 80
Stocks and Bonds 1,877,321 00
Materials and Fuel 232,332 77
Norfolk and Western Oar Taust 1,743,685 98
Investments in other Companies 193,586 45
Current Accounts 277,334 87
Suspense Account 170,391 57
Cash on Hand 260,356 93
Preferred Stock (par, $100) $18,000,(iOO 00
Common Stock (par, $100) 7,000,000 00
Funded Debt 18,196,60000
Accrued Interest 338,915 50
Lease Warrant s on Rolling Stock 1,743,685 98
Current Accounts 803,896 98
Income Account Surplus 55,989 37
Total Assets $45,639,087 83 Total Liabilities $45,639,087 83
The stocks and bonds owned by the company consist of Norfolk and Western RR. Co.
common stock owned, 1,169 shares, $40,021; Improvement and Extension bonds, $34,000;
Roanoke Machine Works bonds, $500,000 ; Roanoke Machine Works stock. 4,174 shares,
$365,300; Norfolk Terminal Company bonds, $525,000; Norfolk Terminal Company stock,
3,219 shares, $321,900 ; Iron Belt Land, Mining and Development Company stock, 330 shares,
$33,000 ; Roanoke Live Stock Association stock, 40 shares (par, $25), $1,000, and Shenandoah
Vailey RR. Co. stock, 30,571 shares, $57,100.
Statement of funded debt of Norfolk and Western :
Description of Bonds.
Date of Bonds.
Property Mortgaged.
Interest.
Amount
Out-
standing.
Annual
Infest.
Is'd
Payable.
Road and Location.
L'gth.
Rate.
Payable.
N.& P. RR. 2d mortgage (now 1st lien).
S. S. RR. 1st preferred consolid'd mtge.
S. S. RR. 2d preferred consolid'd mtge.
S. S. RR. 3d preferred consolid'd mtge.
V. & T. RR. enlarged mtge. (extended).
V, & T. RR. preferred 6 per cent, stock
V. &T. RR. 4th mortgage
(a)
(ft)
(c)
1854
July 1, 1893
1888 — 1900
1888 — 1900
1896 — 1900
June 30,1900
Norf k to Petersb'g.
First Lien on line
Petersburg to
) Lynchburg, 123
V m.,& City Point
| Branch, 10 m.
First lien in order
given Lynchb'g
) to Bristol 204
V m., Salt vi lie
j Branch, 9. 5 m.
See below
See below
See below
See below
See below
81.00
133.00
213 50
i05 50
8
5
to
8
5
6
8
6
6
6
7
6
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
May & Nov.
Apr. & Oct.
Feb &Aug.
M.J.S.&J).
Jan.l5-July
$496,000
503,000
895.300
452,800
990,000
55,500
1,000,000
6,902,000
2,000,000
3,334,000
1,500,000
525,000
$39,630
35,370
22,783
27,168
49,500
3,3:30
80.000
414,120
120.000
200,040
105,000
31,500
Mch. 1, 1900
May 1, 11)31
Apl. 1, 1932
Feb. 1, 1934
Dec. 1, 1924
Jan. 15,1894
General mortgage
New River Division. 1st mortgage. . .
Improvement and Extension mortgage.
Adjustment mortgage. ..
1884
Convertible Debenture bonds
(a) Of these bonds $98,000 bearing interest at 8 per cent, matured January 1, 1885, and were extended to July
1, 1900, at 6 percent.; $97,000 7 per cents, matured January 1, 1886, and were extended to July 1, 1900 at 5 per
cent. The remainder bear 8 per cent, and mature ($99,000) January 1, 1888, ($100,000) January 1, 1889, and ($109,-
000) January 1, 1890.
(t>) $93,000 7 per cents., matured Jan. 1, 1885, and were extended at 6 per cent, to July 1, 1900 ; $93,000 7 per
cents., matured January 1, 1886, and were extended to July 1, 1900, at 5 percent. Remainder bear 6 per cent, and
mature ($85,500) January 1, 1888 ; ($67.500) January 1, 1889, and ($56,300) January 1, 1890.
(c) All 6 per cents., mature ($100,000 each year) January 1, 1890, 1897, 1898 and 1899, and $52,800 1900.
Southside bonds are from $100 to $1,000 each. Average rate per mile, $10,159. Vir-
ginia and Tennessee bonds are from $100 to $1,000 each. Enlarged mortgage is an exten-
sion of an original issue. Average rate per mile, $9,581. The Norfolk and Western general
mortgage bonds are $1,000 each, coupon with provision for registration, and secured on the
main line, City Point and Saltville branches, 427.5 miles, subject to lien of preceding $3,.
892,600 ; divisional bonds, $9,105 per mile ; average per mile, $16,145. The mortgage pro-
vided for an issue of $11, 000,000 bonds, of which $4,500,000 were deposited with the
Fidelity. Insurance, Trust and Safe Deposit Co. of Philadelphia, trustees, to retire the prior
lien bonds as they mature. Of this special deposit $252,000 (including $53,000 withdrawn
in 1886) have been withdrawn, and proceeds applied to redemption of maturing divisiona
bond?.
39
610 POOR'S MANUAL — NORFOLK AND WESTERN RR. CO.
The New River Division bonds are a first lien on the New River Division, 75 mile?, the
Flat Top Extension, 8 miles, and the Cripple Creek Extension, 22.5 miles, and upon all other
branches and extensions hereafter constructed which may form part of the New River Division
of the Norfolk and Western RR. Company ; all such branches or extensions come under the
lien of the same mortgage without increasing the present issue of bonds. The bonds (lim-
ited in amount to $2,000,000) represent December 31st, 1886, a first lien at the rate of
$ 18,957 per mile.
The improvement and extension bonds ($5,000,000 authorized, with the power, under cer-
tain restrictions, to increase, for the purpose of double-tracking the lines when necessary, to
$8,000,000), are $1,000 each, coupon, with provision for registration of principal ; are secured
on whole road owned, and were issued to the amount of $2,500,000, which have been sold for
the construction of the Cripple Creek Extension of the New River Division, for building short
branches to new coal mines on the Bluestone River near Pocahontas, for new terminal facili-
ties at Norfolk, and for additional sidings, stations, and other improvements on the main line.
The remaining $2,500,000, under the terms of the mortgage, can be issued only when the
stockholders so vote, and only for improvements on the main line, for increased terminal
facilities, new rolling stock, and for new branches or extensions. For the latter purpose the
amount is limited to $25,000 per mile, and for double-tracking the line to $10,000 per mile.
No bonds are to be issued for the latter purpose until at least fifty (50) miles of double track,
of standard quality, has been constructed. The bonds are a lien upon the main line, and
City Point and Saltville Branches, subject only to the lien of the divisional securities and of
the general mortgage. They are a second lien upon the New River Division and the Flat
Top and Cripple Creek Extensions thereof, and also upon such other branches and extensions
as may be built with funds procured from the sale of bonds issued under this mortgage.
They are further secured by first mortgage bonds received at par from the Norfolk Terminal
Company in payment for improvements made for account of that company with funds de-
rived from sale of bonds secured by this mortgage, the amount of these bonds received and
deposited with the trustee of the Improvement and Extension Mortgage amounted on Decem-
ber 31st, 1886, to $525,000. At the annual meeting held in May, 1886, an issue of $1,000,000
of these bonds,, additional to the $2,500,000 then outstanding was authorized. Of this
$800,000 were sold during the year, and applied toward the following expenditures :
Cripple Creek Extension, $363,522 16
Flat Top Extension, short branches to coal mines 26,4>4 74
Improvements to Main Line and branches 197,8% 31
New rails, fastenings, etc. ., purchased for extensions and improvements for 1887 81,506 00
Principal of Car Trust Obligations 115,940 18
Norfolk Terminals', including Grain Transfer Elevator 78,066 66
Of the total expenditures incident to change of gauge, amounting to $243,842.78, there has been
charged to improvement and extension items 42,373 21
Total §805,849 26
The total amounts expended to the close of the year 1886, for purposes provided for in
the Improvement and Extension mortgage, including the items mentioned above, were as
follows :
Cripple Creek Extension .$1,056,593 51
FlatTop Extension 147.44'J 12
Improvements to Main Line and branches 526,^32 63
New rails, fastenings, etc., purchased for extensions and improvements for 1887 81,566 00
Principal of Car Trust Obligations 595,935 54
Norfolk Terminals (for which Norfolk Terminal Company's first mortgage bonds have been received
and deposited with the trustee of the improvement and extension mortgage) 518,334 52
Total §2,926,711 32
At the annual meeting held in May, 1887, an additional issue of $1,500,000 improve-
ment and extension bonds was authorized.
The adjustment mortgage bonds are $1,000 each ; coupon with privilege of registration
of principal ; secured on whole road owned ; limited in issue to $1,500,000; are a lieu upon
POOR'S MANUAL OF RAILROADS. 611
the property and franchises of the company, subject to the lien of the divisional securities,
and also of the bonds issued and to be issued under the general mortgage, the New River
division first mortgage, and the improvement and extension mortgage ; dated October 29,
1884, and redeemable at option of the company any time after 10 years from date at 110.
The convertible debenture bonds are $500 each, and were issued to take up an equal
amount of scrip issued for dividend on preferred stock, and may be converted into preferred
stock, at holder's option, at the rate of one $500 bond for five shares stock, after increase in
preferred stock for that purpose shall have been authorized, or may be redeemed by the
company on the 15th day of January or July in any year after date at par and accrued interest.
Interest payable in Philadelphia and New York. Preferred stock entitled to a dividend
not greater than 6 per cent. Five dividends have been paid on preferred stock to date ; four
in cash, March, June, September aud December, 1882, each 1 per cent., and one of 3£ per
cent, in scrip convertible into convertible debenture bonds, January 1, 1884.
Annual meeting first Wednesday in May, at Roauoke, Va. Books close for annual meet-
ing about two weeks prior thereto, and re-open the following day. Books close for divi-
dends about two weeks prior to payment of same. Bonds listed on Exchanges as follows :
New York, general mortgage, New River Division, improvement and extension, and adjust-
ment mortgage bonds ; Philadelphia, general mortgage, New River Division and convertible
debenture bonds ; London, general mortgage, improvement and extension, and adjustment
mortgage bonds. Trustees of bonds and registrar of stock, Fidelity Insurance, Trust and
Safe Deposit Company, Philadelphia ; registrar of stock in New York, Union Trust Com-
pany.
During the past year arrangements have been made with the Richmond and Petersburg
RR. Co. under which this company secures a direct entrance into Richmond ; and with the
Norfolk Southern RR. Co., by which that company is given trackage facilities over this road
into Norfolk and the use of the terminal facilities at that point.
Extensions and connections of this line are projected as follows :
Neiv River and Chambers Valley RR. Co. — Chartered in Virginia to build a line of road
from Reed Island Junction, on the Cripple Creek Extension, to a connection with the Cape
Fear and Yadkin Valley RR. at its projected Northern terminus, Mt. Airy, on the Virginia —
North Carolina State line. Preliminary surveys made, aud rights of way and local aid se-
cured.
Virginia and Ohio RR. Co. — Incorporated in West Virginia, March 23, 1887, to build a
line of road from a point on the New River Division to the Ohio River at Ironton, O., about
125 miles. Surveys completed and line selected.
Clinch Valley RR. Co. — Chartered in Virginia in June, 1886, to build a line of railroad
from a point at or near the New River Division of the Norfolk and Western RR. along the
valley of the Clinch River to a connection, at the Kentucky State line, with a projected branch
of the Louisville and Nashville RR. Co. Under authority granted at the annual meeting in
May, 1887, the directors have absorbed this company by consolidation and merger ; and to
provide the means for the construction of this new line 40,000 shares of new preferred stock
are to be issued to stockholders of record May 25, 1887, at the rate of $52.50 per share, in the
proportion of 16 shares of new for each 100 of old stock. Provision has also been made for
an issue of $2,500,000 five per cent. 70-year bonds, secured by a first mortgage on the new
line at the rate of $20,000. Of the total amount provided $500,000 will be retained in the
company's treasury to meet future requirements.
AUXILIARY PROPERTIES.
B.OANOKE MACHINE WORKS.— These works are situated in the city of Roanoke, Va ; the
grounds comprise 00 acres, upon which are erected tiie various buildings for the manufacture of locomotives and
cars. Construction completed and operations begun in 1883. Capacity of car shop, 10 cars per day ; capacity of
wheel foundry 50 car wheels per day. During ItiSG the operations of these works enabled the company to de-
clare a dividend of ft!6 983.73 upon the capital stock owned by the company, which amount has been credited to
the revenue of the company, condensed Balance Sfuet, December 81, ISSb : Capital stock, $417,400 ; first mort-
gage bonds $500 000 • N. & W. KK. Co., advances, ^1!)3,58(3.4.) ; bills and accounts payable, jilbo, 774.^9— lotal lia-
bilities $l,Vj6,7(k).74. Contra: Property account, $931,613.23; materials and supplies, |SU0.999.61: accounts,
$58,147.90— total, $1,296,760.74. The bonds are coupon 50-year $1,000, due February 1, 1»J33, interest February
and August, and' are' wholly owned by the Norfolk and Western KK. Co. F. J. KIMBALL, 2'reniUott; VViu. G.
612 POOR'S MANUAL OF RAILROADS.
Macdowell, Treasurer ; A. J. Hemphill, Secretary. COEPORATB OFFICE, Roanoke, Va. General and Transfer
Office, 333 Walnut Street, Philadelphia, Pa.
IRON BELT LAND MININO AND DEVELOPMENT CO. OF VIRGINIA.— Under its
charter this company has acquired and holds real estate at Roanoke, Central, Martins and other junction* and im-
portant points on the line of the Norfolk and Western RR. Co. which has secured control of the company through
the ownership of 330 out of a toial of 500 shares of stock, the total investment, of the latter company being $43,-
955.07, which amount represents the actual cost of the real estate purchased. The lands not required for tlr
of the Norfolk and Western RR. Co., for sidings and yard room will be sold to parties desiring to locate manu-
facturing establishments. Balance Sheet, December 31. 1886 : Capital stock, $&3,340 ; N. & W. RR. Co. advances,
$15,619.99— total, $48.959.99. Contra: Real estate. $48.959.99. F. J. KIMBALL, President ; Wm. G. Macdowell,
Treasurer ; A. J. Hemphill, Secretary, Philadelphia, Pa. GENERAL OFFICE, Roanoke, Va.
NORFOLK TERMINAL COMPANY.— Line of Road : Norfolk, Va., to Lambert's Point, 5.3 miles;
sidings, 5.1 miles— total track (steel), 10.4 miles. Chartered March 6 .1884. Road opened March 12, 1885. The
charter of this company authorizes the ownership of land, the construction and operation of a line of railroad,
the building and operating of wharves, storehouses, cotton presses, and grain elevators ; the chartei ing of vessels,
etc., and gives power to consolidate with the N. & W. RR. Co. Tie Terminal Company has purchased 466 acres
of wharf property and lT7n miles of water front at Lambert's Point, be/ow Norfolk, and a road to connect with the
N. & W. RR. Co.'s property has been built. A large coal wharf has been completed, and during 1885 the company
erected on land leased from the Norfolk and Western RR. Co., two brick fire-proof warehouses, each having a
frontage of 205 ft. with a depth of 95 feet, and having four compartments. An elevator with a storage capacity
of 150,000 bushels has also been recently completed. The total cost of these and other improvement.- «a> #5is.-
334.52, which was advanced by the Norfolk and Western RR. Co.. the latter receiving first mortgage bonds of
the Terminal Co. at par. This company also owns stock in the Old Dominion Steamship Co., and barges for
the transportation of cotton and coal. The expenses of operating the road, pier and warehouses are included
in the operating expenses of the Norfolk and Western RR. Co., and all revenue therefrom is included in the gross
earnings of that company, but the Terminal Company owns certain dividend-paying securities, the revenue from
which, with other small revenues during the year 1886, amounted to $11,300.66, which enabled it to pay a dividend of
that amount on its full paid capital stock in March, 1886. Capital stock, $322,026 (of which £321,090 is owned
by the N. & W. RR. Co.) : funded debt. 1st mortgage, 6 per cent. K0-ye»r coupon $1,000 bonds, due February 1,
1934, interest February and August (authorized, $1,000,000), $525,000 ; unfunded debt, $12,393 : income balance,
$942.84— total. $860,36) .84. Contra : Cost of road and equipment, $618,450.52 ; stocks, etc., £221,870 ; other assets,
$20,031.32— total, $8(50.361. 84. Interest and dividends payable at Philadelphia, Pa. F. J. KIMBALL. JJre*i //mf ;
Wm. G. Macdowell, Treasurer ; A. J. Hemphill, Secretary. GKNEKAL OFFICE, 333 Walnut Street, Philadelphia,
Pa.
Board of Directors Norfolk and Western RR. Co., elected May 5, 1887.
C. H. Clark Philadelphia, Pa.
F. J. Kimball Philadelphia, Pa.
Chas. Hacker. . . ..Philadelphia, Pa.
E. W. Clark Philadelphia, Pa.
Jos. I. Doran Philadelphia, Pa.
A. J. Dull Harrisbnrg, Pa.
Robt. B. Minturn..New York, N. Y. U.L.Boyce.Boyce P.O. Clarke Co. ,Va
Rich'd 8. Brock. . .Philadelphia, Pa. I W. H. Taylor Norfolk, Va.
Sam'l A. Crozer Upland, Pa. | Robt. Fleming. . .Dundee, Scotland.
W. C. Houston, Jr •. Philadelphia, Pa.
F. J. KIMBALL, President Philadelphia, Pa.
diaries G. Eddy, Vice-President Roanoke, Va.
Gen. Manager— Joseph H. Sands Roanoke, Va. Treasurer— Wm. G. Macdowell Philadelphia, Pa.
Comptroller— M. C. Jameson Philadelphia, Pa. Secretary— A. J. Hemphill Philadelphia, Pa.
Assistant to President Wm. C. B'^ullitt, Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Roanoke, Va.
Transfer Agency, Philadelphia 333 Walnut Street.
Transfer Agency, New York Central Trust Company.
NORFOLK SOUTHERN RAILROAD COMPANY.
Main Line of Road.— Berkley, Va., to Edenton, N. C 73.05
Branches : Elizabeth City 0.97—74.02 miles.
Sidings, 9.35 miles. Gauge, 4 ft. 8£ in. Rail (steel, 10 miles), 45, 50 and 56 Ibs.
History. — Chartered as Elizabeth City and Norfolk Railroad Company, January 20, 1870.
Road opened to Elizabeth City, N. C., 45 miles, June 1, 1881 ; to Edentou, N. C., December
16, 1881. Name changed by legislative enactment, February 1, 1883.
Rolling1 Stock, September 30, 1886. — Locomotive engines, 8. Cars — passenger, 6 ; bag-
gage, mail, etc., 2; freight (box, 77 ; stock, 20 ; platform, 80 ; coal, 5 ; caboose, 3), 185— total,
193. Also, 10 service cars, 1 steam tug, 2 car floats, and 2 passenger and 2 freight steamboats.
Of these, 3 locomotives, 2 baggage, etc., 30 box, 20 stock, 50 platform and 5 coal cars were
acquired through car trusts.
Operations for year ending December 31, 1886. — Train mileage — passenger, 49,000;
freight, 58,028 ; other, 11,520— total, 118,548 miles. Passengers carried, 43,885 ; carried one
mile, 1,337,014; average mile rate, 3.18 cents. Tons of freight moved, I0o,044 ; moved one
mile, 5,286,188 ; average ton-mile rate, 2.59 cents.
Earning*.— Passenger £ 42.564 07
Freight 136,783 85
Mail and Express 6,791 92
Miscellaneous 24,060 18
Expenses.— Maintenance Way and Buildings $29,253 47
Maintenance Cars & Mot. Power. 24,037 C4
Transportation 5S,7::0 3S
Miscellaneous... . 32.17653
Total ($2,839.77 per mile) $210,200 02 Total ($1,948.10 per mile) §144,198 03
POOR'S MANUAL OF EAILROADS. 613
Net earnings (31.40 per cent.), $66,002. Payments : Interest on bonds, $11,500 ; other
interest, $7,012.50; on account equipment, $30,220.16; reduction floating debt, $2,500; bet-
terments, $3,730.99— total, $54,963.55. Surplus, $11,038.35. Surplus from last year, $17,-
398.86— total, $28,437.21.
Financial Statement, September 30, 1886.— Capital stock, $1,000,000 ; funded debt, $2,-
495,000 ; mortgage notes, $115,000; current accounts, $25,337.34 ; profit and loss, $72,217.13
— total liabilities, $3,707,554.47. Contra: Cost of road, equipment, real estate, etc., $3,297,-
899.23 ; funded interest bonds, $345,000 ; materials and fuel, $38,438.30 ; current accounts,
$16,274.45 ; cash on hand, $9,942.49.
Funded debt consists of $900,000 1st mortgage 6 per cent. 40-year $1,000 gold coupon bonds,
due September 1, 1920, interest (funded till March 1, 1889), payable March nnd September ;
$250,000 2d mortgage 6 per cent. 40-year $1,000 debenture certificates, due October 1921,
interest (funded till April 1, 1889) payable April and October ; $1,000,000 income 2d mortgage
6 per cent, (if earned, non-cumnlative) 90-year $1,000 certificates, due January 1, 1970 ; $252,-
000 ($270,000 authorized) 1st mortgage funded interest 6 per cent. $300 coupon bonds, dated
September 1, 1884, due September 1, 1920, interest payable yearly September 1 ; $75,000 de-
benture funded interest 6 per cent. $300 coupon bonds, October 1, 1384-1921, interest payable
yearly October.
Trustees : First mortgage bonds, C. N. Jordan and H. W. Ford ; income bonds, Daniel
T. Hoag and U. S. Grant, Jr. ; funded interest bonds, Mercantile Trust Co. Interest payable
at office of Mercantile Trust Co., New York. Capital stock, first mortgage, debenture and
income bonds listed on New York Stock Exchange. Registrar of stock, Mercantile Trust Co.
Annual meeting first Thursday in March. Books close for annual meeting one week prior
thereto ; for dividends, one week prior to payment of same.
Directors (elected [first Thursday] March 3, 1887).— W. H. Philips, W. G. Dominick,
James Benedict, New York City ; H. C. Cullen, Jr., A. H. Porter, G. C. Wood, C. N. Hoag-
land, W. H. Male, E. W. Corlies, Brooklyn, N. Y.
W. H. PHILIPS, President New York, N. Y.
Geo. C. Wood, Vice-President Brooklyn, N. Y.
Treasurer— W. G. Dominick New York, N. Y. Assistant, Secretary— J6..W . Dominick. New York, N. Y.
Secretary— R. W. Corlies Brooklyn, N. Y. General Manager— M. K. King Norfolk, Va.
PKINCIPAL OFFICE AND ADDRESS Norfolk, Va.
Transfer Office 74 Broadway, N. Y.
NORTHEASTERN RAILROAD OF GEORGIA.
.,, , (Athens, Ga., toLula, Ga 39
Koad.— -J Corne]iaj Ga., to Tallulah, Ga 21—60 miles.
Sidings, etc., 5 miles. Gauge, 5 feet. Rail (iron), 45 Ibs.
Between Cornelia and Lula, 12 miles, the Atlanta and Charlotte Air-Line Railway is
used, making the total length of road worked 72 miles.
History.— Chartered October 17, 1870; road opened September 1, 1876. The Richmond
and West Point Terminal Company in April, 1881, purchased the stock owned by the City
of Athens, and the Richmond and Danville RR. Co. now operates the line in connection with
its Atlanta Air-Line.
Rolling Stock,— Locomotive engines, 2. Cars— passenger, 2 ; baggage, etc., 2 ; freight
(box, 7 ; platform, 8), 15— total, 19.
Operations for year ending September 30, 1885.— Trains (mixed) run, 73,000 miles. Pas-
sengers carried, 29,830 ; carried one mile, 703,222. Freight moved, 35,458 tons.
Earnings.— Passenger $20,712 73
Freight 41,427 86
Mail 3,28838
Express 72563
Miscellaneous 51301
Total ($925.94 per mile) $66,667 60
Expenses.— Maintenance of Way $21,949 68
Maintenance of Cars 786 41
Motive Power 9,360 31
Transportation 19,984 96
Miscellaneous 6,567 13
Total ($818.73 per mile) $58,948 49
614
POOR 8 MANUAL OP RAILROADS.
Net earnings (11.58 per cent.), $7,719.11. Payments: Interest, $19,094.24; sundries,
$2,115.63— total, $21,209.87. Deficit for year, $13,490.76 ; deficit from last year, $09,781.39
—total deficit, $83,272.15.
Financial Statement, September 1, 1885. — Capital stock paid in, $231,100 ; funded debt,
$575,000; bills payable, $42,691.74; current accounts, $86,332.40; other liabilities, $787.50
total, $935,911.64. Construction and equipment, $827,133.40; bills and accounts, $8,313.53;
cash on hand, $17,192.56 ; profit and loss, $83,272.15— total, $935,911.64.
Funded Debt. — 1st mortgage (Athens to Lula, 40 miles) 7 per cent. 20-year coupon $500
bonds, due May 1, 1896, indorsed by the State of Georgia, interest May and November, pay-
able in Athens, Qa., $260,000 ; general mortgage 6 per cent. 45-year bonds, due November 1,
1926, $315,000. The latter are dated November 1, 1881, due November 1, 1926, bear interest
at rate of 6 per cent, per annum, payable May and November, in Athens, Ga., and New York,
and amount to $575,000, of which $260,000 are reserved to retire the outstanding first mort-
gage bonds. The whole amount issued ($315,000) is owned by the Richmond and West Point
Terminal Co.
Annual meeting, Third Wednesday in October. Trustees of first mortgage, R. K. Reaves
and R. L. Moss. Registrar of Stock, A. L. Hull, Auditor.
Directors (elected October 21, 1886).— A. S. Bnford, Richmond, Va. ; A. K. Childs,
Julius Cohen, S. C. Dobbs, Hovvell Cobb, E. R. Hodgson, R. Nickerson, James White, R. K.
Reaves, G. H. Yancey, Athens, Ga. ; G. E. Deadwyler, Maysville, Ga. ; C. W. Hood, Harmony
Grove, Ga. ; Geo. F. Baker, Wm. P. Clyde, W. G. Oakruan, Geo. S. Scott, New York, N. Y.;
J. M. Orr, Athens, Ga.
POPE BAKROW, President Athens, Ga.
Vice-President — R. K. Reaves Arhen?, Ga. Treasurer— R. L. Mo.ss Athens, Ga.
Secretary— E. R. Hodgson Athens, Ga. General Superintendent— II. R. Bernard Athens. Ga.
PRINCIPAL OFFICE AND ADDRESS Athens, Ga.
NORTHEASTERN RAILROAD COMPANY.
Line of Road. — Charleston, S. C., to Florence, S. C. 102 miles.
Sidings and other tracks, 8 miles. Gauge, 4 ft. 9 in. Rail (steel, 102 miles), 56 Ibs.
History. — Chartered December 16, 1851 ; opened November 10, 1856. In January, 1S78,
the Ashley River RR. was opened, forming a connection with the Charleston and Savannah
Ry. The Central RR. of S. C. (which see) is leased jointly by this company and the Wil-
mington, Columbia and Augusta RR. Co.
Rolling1 Stock, September 30, 1886. — Locomotive engines, 26. Cars — passenger, 16 ; bag-
gage, mail and express, 8 ; freight (box, 133 ; platform, 145 ; stock, 6 ; refrigerator, 3 ; ca-
boose, 15), 302— total cars, 326.
Operations for year ending September 30, 1886. — Train mileage — passenger, 244,165 ;
freight, 264,696; other, 73,776— total, 582,637 miles. Passengers carried, 110,956. Tons freight
moved, 181,987; including cotton, 123,307; naval stores, 66,023 barrels ; moved one mile, 13,-
500,020 ; average ton-mile rate, 2.25 cents.
Expenses.— Transportation f 115,202 46
Motive Power 92,68074
Maintenance of Cars 64,688 22
Maintenance Way and Buildings 120,033 48
General 44,261 92
Earnings.— Passenger $185,15619
Freight 305,909 69
Mail 44,97037
Express 10,594 93
Miscellaneous 13,002 80
Total (85,476.80 per mile) §558,633 98 Total ($4,281.46 per mile) $436,868 82
Net earnings (21.80 per cent.), $121,765.16 ; received dividends, interest, etc., $24,536.39
— available revenue, $146,301.55. Payments : Interest on bonds. $133,000 ; dividend (Jan-
uary. 1886, 3 per cent.), $26,980.50; loss from operating Central RR., $907.52— total, $160,-
838.02. Balance, deficit, $14,586.47.
POOR'S MANUAL OF BAILEOADS.
615
General Balance S/teet, September 80, 1886.
Cost of Road, Equipment, etc $2,510,680 20 Capital Stock, 17,987 shares at $60 each.. .. 8899,850 00
Stocks and Bonds Owned 137,74777 Funded Debt Outstanding 1,886,02484
Bills Receivable 3,980 48 Due on Pay-Rolls, etc 12,152 90
Due from Agents, etc 48,15649 Interest and Dividends Due 23,04198
Cash and Cash Assets 184,64134 Due Other Companies, etc 55,40318
Profit and Loss . . . 54,233 33
Total Assets $2,880,206 23 Total Liabilities.
Funded debt consisted, September 30, 1886, of —
1st mtge. 8 p. c. 30-year bonds, due Sept. 1, 1899, interest March and September. $820,000 00
2d mtge. 8 p. c. 30-year bonds, due Sept. 1, 1899, interest March and September. 322,000 00
Consol. mtge. 6 p. c. 50-year bonds, due January 1, 1933, int. January and July. . 694,000 00
Certificates of indebtedness 24 84
Of the 3d mortgage bonds, $550 are deposited in trust as security for the preferred stock ,
and $321,450 are outstanding. The company guarantees the Ashley River RR. bonds. Of
the consolidated mortgage bonds ($1,836,000 authorized), $1,142,000 are deposited with tbe
Metropolitan Trust Co., New York, to retire 1st and 2d mortgage bonds, and the balance was
sold to the stockholders in proportion to their holdings.
Statement of traffic and revenue yearly for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Passengers Carried
46,900
52,387
68,944
81 228
99047
111 023
117090
110 956
Cotton (Bales) Moved
Naval Stores (bbls.) Moved.
Gross Earnings
62,153
107,004
$
346,268
91,436
89,279
$
404,894
126,592
85,001
$
484,760
124,934
119,103
$
560229
135,825
149,002
8
618 747
105,695
130,470
$
569 471
134,549
82,655
8
570058
123,307
66,023
$
558 634
Gross Expenses
210,904
219,234
346,897
354,083
433 923
404 524
407,238
436 869
Net Earnings
135,364
185,05!)
137,863
206,146
184 824
164 947
162 280
121 765
Other Receipts
25,019
26,511
24 536
Available Revenue
189 966
189 331
146 301
Interest and Dividends
95,836
94,238
93,591
187,842
186,961
159 980
Other Expenses
28,726
39,529
1 933
2 040
908
Surplus
10,802
51,891
44,272
191
330
def 14 586
Gross Earnings per Mile ....
Gross Expenses per Mile.. .
Net Earnings per Mile
3,394 78
2,067 67
1,327 11
3,969 55
2,149 36
1,820 19
4,752 54
3,400 95
1,351 59
5,492 44
3,471 41
2,021 03
6,066 14
4,254 14
1,812 00
5,583 04
3,965 92
1,617 12
5,588 80
3,992 53
1,596 27
5,476 08
4,283 02
1,193 06
Expenses to Earnings
60.98 p. c.
54. 15 p. C.
71.57 p. C.
63. 22 p. c.
70. 13 p. c.
71. 04 p. c.
71.44 p. c.
78. 20 p. C.
Annual meeting, third Friday in November. Dividends payable at Charleston, S. C.
Directors (elected November 19, 1886).— C. 0. Witte, Charleston, S. C.; R. R. Bridgers,
Wilmington, N. C.; H. B. Plant, New York City ; W. T. Walters, H. Walters, B. F. New-
comer, Baltimore, Md.
A. F. RAVENEL, President Charleston, S. C.
General Manager— R. Walters Wilmington, N. C. I Treasurer— B. S. Rhett Charleston, S. C.
Secretary— C. Williman Charleston, S. C. | General Superintendent— J. F. Divine. Wilmington, N. C.
PRINCIPAL OFFICE AND ADDRESS Charleston, S. C.
OHIO RIVER RAILROAD COMPANY.
Line of Road. — Wheeling, via Parkersburg, to Pt. Pleisant, W. Va 169 miles.
Sidings, etc., 6 miles. Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs. yer yard.
History. — Chartered as Wheeling, Parkersburg and Charleston, April 18, 1881, to build
a road from Wheeling, via Parkersburg, to Charleston, W. Va. Charter amended December
16, 1882, and present name adopted. At Point Pleasant connection has been made with the
Kanawha and Ohio RR. Road opened from Wheeling to Parkersburg, 90 miles, June 16,
1884 ; and from Parkersburg to Point Pleasant, 79 miles, January 8, 1887. The P., W. & K.
RR. is used between Benwood and Wheeling, 4 miles.
Rolling Stock. — Locomotive engines, 9. Cars— passenger, 8; baggage, etc., 3 ; freight
(box, 50 ; stock, 15 ; platform, 50 ; coal, 100), 215— total, 226.
Operations for year ending December 31, 1886 (90 miles). — Train mileage not reported.
616 POOB'S MANUAL OP BAILBOADS.
Earnings— paspenger, $103,018.81; freight, $80,575.13; mail, express, etc., $14,376.79— total,
$197,970.23. Expenses, $114,187.53. Net earnings, $83,782.70.
Financial Statement, December 31, 1886.— Capital stock (authorized, $5,000,000), $3,-
290,700 ; funded debt, $2,000,000 5 per cent. 50-year gold coupon $1,000 bonds, due June 1,
1936: interest June and December; $1,030,000 second mortgage 5 per cent. 40-year gold
coupon $1,000 bonds, due October 1, 1926, interest April and October ; unpaid vouchers, pay
rolls, etc., $12,478.12— total, $6,333,178.12. Contra: Cost of. road and equipment, $6,053.-
823.25 ; right of way, $193,540.59 ; real estate, $48,421.40 ; bills receivable and accounts, $9,-
850.35; material, $1,967.26; cash, $25,575.27— total, $6,333,178.12.
Annual meeting, second Thursday in May. Interest on 1st mortgage bonds payable by
Central Trust Co., New York, N. Y.
Directors.— D. R. Neal, George W. Thompson, R. J. McCandlish, W. N. Chancellor,
Parkersburg, W. Va.; W. F. Peterson, Wheeling, W. Va. ; Septimus Hall, New Marti ns-
ville, W. Va.; Robert H. Browse, Grape Island, W. Va.; Robert S. Brown, Ravenswood, W.
Va.; C. Sehon, Point Pleasant, W. Va.
GEOEGE W. THOMPSON, President and Treasurer. . . .Parkersburg, W. Va.
V.-Pres. & Sec.—W. N. Chancellor. Parkersburg, W. Va. | Auditor— W. M. Trevor Parkersburg, W. Ya.
PBINCIPAL OFFICE AND ADDKESS Parkersburg, W. Va.
ORANGE BELT RAILWAY COMPANY.
Line of Projected Road. — Monroe, Fla., to Point Pinellas, F3a 148 miles.
Gauge, 3 ft.
History. — Chartered April 20, 1885, to build a railroad from a point on the St. John's
River to Lake Apopka. Road opened from Monroe to Oakland on Lake Apopka, 31.5 miles,
and branch from Longwood Junction to Longwood, 2.5 miles, November 15, 1886. The charter
was amended November 20, 1886, extending the road to Point Pinellas, on the Gulf, a distance
of about 110 miles from Oakland, and also increasing the capital stock to $700,000. The road
will be completed to Point Pinellas by January 1, 1887.
Financial Statement.— Capital stock, $700,000 ; funded debt, 1st mortgage 6 per cent.
20-year gold bonds, due January 1, 1907, $700,000— total stock and bonds, $1,400,000.
The bonds are for $1,000 each, coupon, with privilege of registration, redeemable after
5 years at par and accrued interest ; interest payable on the 1st days of January and July at
the office of the trustees, the Farmers' Loan and Trust Co., New York. They are guaranteed
by the Orange Belt Investment Co., which owns 75 per cent, of the stock. The remainder of
the stock was given as a bonus with the bonds, at the rate of $250 with each $1,000 bond.
P. A. DEMENS, President and General Manager Oakland, Fla.
Secretary — A. M. Taylor Oakland, Fla. | Treasurer — H. Sweetapple Oakland, Fla.
PRINCIPAL OFFICE AND ADDRESS Oakland, Fla.
OXFORD AND HENDERSON RAILROAD COMPANY.
Line of Road. — Oxford, N. C., to Henderson, N. C 13 miles.
Sidings, 1 mile Gauge, 4 ft. 8| in. Rail (steel), 45 Ibs.
Road opened August 16, 1881. Owned by private syndicate.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2 ; baggage, etc., 1 ; freight
(box, 5; platform, 3), 8— total, 11.
Operations for the year ending December 31, 1886. — Not reported.
Financial Statement, December 31, 1882 (latest furnished).— Cost of road, $130,000 ;
equipment, $14,800 — total, $144,800. There is no debt, mortgage, or encumbrance of any
kind upon the road. It is leased from the company, without consideration, for 999 years, by
A. H. A. Williams.
All information refused.
POORS MANUAL OF RAILROADS.
617
Directors.— A. Landis, Jr., Oxford, N. C.; J. C. Cooper, Oxford, N. C.; A. H. A. Wil-
liams, Oxford, N. C.; H. C. Hendon, Oxford, N. C.; R. H. Marsh, Oxford, N. C.
A. H. A. WILLIAMS, President and Lessee Oxford, N. C.
Treasurer— W. H. Hunt. Oxford, N. C. | General Supt.—J&mes A. White Oxford, N. C.
PRINCIPAL OFFICE AND ADDRESS Oxford, N. C.
PENNSBORO' AND HARRISVILLE RITCHIE COUNTY RAILWAY CO.
Line of Road. — Pennsboro', W. Va., to Harrisville, W. Va 9 miles.
Sidings, 1.5 miles. Gauge, 3 ft. Rail, steel, 20 Ibs. per yard.
History. — Originally chartered as Pennsboro' and Harrisville RR. Co., and road opened
November 27, 1875. Sold under foreclosure December 30, 1879. Present company organized
February 12, 1880, and the road entirely rebuilt in 1885.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; platform, 1 ; other, 4.
Operations for year ending December 31, 1886. — Trains ran, 16,848 miles. Passengers
carried, 4,838 ; carried one mile, 35,542 ; average mile rate, 5.44 cents. Tons of freight
moved, 3,269 ; moved one mile, 29,421 ; average ton-mile rate, 17.78 cents. Earnings — pas-
senger, $1,935.85; freight, $5,231.66; mail, $485.75; other, $88.15— total, $7,741.41. Ex-
penses— transportation, $2,857.71 ; miscellaneous, $251.64 — total, $3,109.35. Net earnings,
$4,632.06 ; sale of bonds, $500 — available revenue, $5,132.06. Payments : Interest on bonds,
$420; paid debt, $1,171.90; rebuilding locomotive, $1,036.23; new cars, $393.85; complet-
ing road-bed, $825.35— total, $3,847.33. Surplus, $1,284.33.
Financial Statement, December 31, 1886. — Capital stock, $9,900 ; funded debt (1st mort-
gage 6 per cent. 20-year coupon $500 bonds, dated March 10, 1881, interest payable March and
September), $14,800; profit and loss, $1,284.73— total liabilities, $'25,184.73. Contra: Cost
of road, $14,800 ; equipment, $6,500 ; real estate, $500 ; stock and bonds, $1,100 ; materials,
etc., $1,000 ; cash on hand, $1,284.73— total assets, $25,184.73.
Directors (elected February 22, 1887).— M. P. Kimball, W. T. Harris, Pennsboro', W.
Va. ; James E. Tyler, Baltimore, Md. ; W. H. Pierpont, M. H. Tartton, Ritchie C. H., W. Va.
M. P. KIMBALL, President and Treasurer Pennsboro', W. Va.
Secretary— W. H. Pierpont Ritchie C. H., W. Va. | Road Master— A.. J. Ramsay Pennsboro', W. Va.
PRINCIPAL OFFICE AND ADDRESS Pennsboro', W. Va.
PENSACOLA AND ATLANTIC RAILROAD COMPANY.
Line of Road. — Pensacola, Fla., to River Junction, Fla 160.28 miles.
Sidings, 9.66 miles. Gauge, 4 ft. 9 in. Rail (steel), 50 Ibs.
History. — Chartered March 4, 1881 ; contract for construction entered into with the
Louisville and Nashville RR. Co., May 9, 1881 ; work immediately begun, and the road com-
pleted February 1, 1883. On January 1, 1885, the Louisville and Nashville RR. Co. began
operating this road. It connects the L. & N. system with the railroads of Florida and south-
ern Georgia.
Rolling Stock, June 30, 1886. — Locomotive engines, 10. Cars — passenger, 6 ; baggage,
etc., 2 ; freight (box, 10 ; platform, 48), 58 — total, 66. Also, 10 caboose and other cars.
Operations for year ending June 30, 1886. — Trains run (passenger, 123,111 ; freight,
165,653; mixed, 25,506), 314,270 miles. Passengers carried, 70, 516 ; carried one mile, 3,660,-
426. Freight moved, 291,436 ; moved one mile, 28,210,996 tons.
Earnings.— Passenger $103,496 96
Freight 170,78749
Mail 11,380 68
Express 3,507 49
Miscellaneous 5,442 94
Total ($1,838.13 per mile) $294,615 56
Expenses.— Maintenance of Way $82.199 52
Maintenance of Cars 18,808 79
Motive Power 50,627 35
Transportation 65.890 00
Miscellaneous 43,410 49
Total ($1.628 per mile) $260,936 15
618 POOR'S MANUAL OF RAILROADS.
Net earnings (11.43 per cent.), $33,679.41. Payments : Interest on bonds, $180,901.40 ;
other interest, $37,784.75; taxes, $19,539.24— total, $238,225.39. Balance, deficit, $204,-
545.98.
Financial Statement, June 30, 1886.— Capital stock, $3,000,000 ; funded debt, $3,975,-
000 ; current accounts, $35,846.46 ; unpaid interest, $76,170— total, $7,087,016.46. Contra :
Construction, equipment, etc., $3,335,946.77 ; bills receivable, $44,949.63 ; current accounts,
$33,841.85; land grant, $2,869,193.91 ; land grant bonds, $217,000; profit and loss, $586,-
084.30— total, $7,087,016.46.
Funded debt consists of :
1st mtg. 6 p. c. 40-year coupon $1,000 bonds, due Aug. 1, 1921, int. Feb. and Aug. $3,000, 000
1st m. 6. p. c. land grant coup. $1,000 10-yr. bds., due Apr. 1, 1894, int. Apr. & Oct. 975,000
The first mortgage bonds are guaranteed, principal and interest, by the Louisville and
Nashville RR. Co.
Land Grant. — The company has a land grant estimated at 3,888,600 acres, of which
3,255,000 (swamp lands) are from the State, and 633,000 from the United States.
Annual meeting, Friday before last Saturday in November ; books close ten days prior
thereto.1 Interest payable at New York, N. Y., and Louisville, Ky. Trustees of bonds :
Edmund D. Randolph and John L. Cadwalader. First mortgage bonds listed on the New
York Stock Exchange.
Directors (elected November 27, 1885).— M. H. Smith, A. M. Quarrier, C. Quarrier,
Louisville, Ky.; W. F. McConnick, W. A. Blount, Pensacola, Fla.
M. H. SMITH, President Louisville, Ky.
V.-P. and Land Comr.—W. D. Chipley . . . .Pensacola. | Secretary— (Vacancy.) Louisville, Ky.
Treasurer— Wm. W. Thompson Louisville, Ky.
PRINCIPAL OFFICE AND ADDRESS Louisville, Ky.
Transfer Office 50 Exchange Place, New York, N. Y.
PENSACOLA AND PERDIDO RAILROAD COMPANY.
Line of Road. — Pensacola, Fla., to Mill view, Fla 10 miles.
Sidings, 2 miles. Gauge, 5 feet. Rail (steel, 3 miles), 35 and 40 Ibs.
History.— Chartered July 22, 1869 ; road opened May 1, 1870. Used chiefly for trans-
porting lumber. On July 1, 1884, $80,000 1st mortgage 10 per cent, bonds fell due and were
paid ; and the present mortgage, secured on the property of the company, and by a sinking
fund of $1,000 yearly, was created. The company has no floating debt.
Rolling Stock. — Locomotive engines, 5. Cars — passenger, 1 ; baggage, etc., 1 ; freight
(box, 80 ; flat, 10), 90— total, 92.
Operations for year ending March 31, 1887. — Trains run, etc., not reported. Earnings —
passenger and mail, $1,310.14; freight, $35,181.46; other, $1,278.80— total, $37,77040.
Operating expenses, $24,662.24. Net earnings, $13,108.16. Payments : Interest and sink-
ing fund, $6,895.81 ; equipment, $5,505.10— total, $12,400.91. Net surplus, $707.25.
Financial Statement, December 1, 1884 (latest furnished).— Capital stock, $125,000 ;
funded debt, 1st mortgage 7 per cent. 30-year sinking fund bonds, due July 1, 1914, $60,-
000— total, $185,000. Contra: Construction, $156,878.28; equipment, $48,902.08; real es-
tate, $13,013.28— total, $218,793.64. American Loan and Trust Co. of New York, trustee of
mortgage.
Directors.— B. F. Simmons, W. A. Blount, W. K. Hyer, F. C. Brent, Pen acola, Fla.
B. F. SIMMONS, President and Superintendent Pensacola, Fla.
Secretary and Treasurer— H. \V. Simmons Pensacola, Fla.
PRINCIPAL OFFICE AND ADDRESS Pensacola, Fla.
POOR'S MANUAL OF RAILROADS.
619
PIEDMONT AND CUMBERLAND RAILWAY COMPANY.
Line of Road.— Piedmont, W. Va., to Cumberland, Md 28.50 miles*
Sidings, 1.5 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.
History.— Chartered April 8, 1886 ; road opened early in 1887. This company lias a
traffic arrangement with the Pennsylvania RR., and the West Virginia Central and Pitts-
burgh Railway, with which it connects at Piedmont, W. Va.
Financial Statement.— Capital stock ($650,000 authorized— par value, $50), $65,000 ;
funded debt (1st mortgage 5 per cent. 25-year gold bonds, dated July 8, 1886, due August 1,
1911, interest payable February and August, $650,000 authorized). $451,000 ; other liabilities,
$235,000— total liabilities, $751,000. Contra: Estimated cost of completed road, $750,001.
Annual meeting, fourth Tuesday in January. Interest on bonds payable at the office of
the trustee, The Mercantile Trust Co., New York, N. Y.
Directors.— J. N. Du Barry, John P. Green, Philadelphia, Pa.; H. G. Davis, Piedmont,
W. Va.; S. B. Elkins, New York, N. Y.; William J. Read, Cumberland, Md.; William P.
Whyte, William H. Gorman, Baltimore, Md.
STEPHEN B. ELKINS, President New York, N. Y.
Harry G. Buxton, Secretary and Treasurer Piedmont, W. Va.
PRINCIPAL OFFICE AND ADDRESS 213 E. German St., Baltimore, Md.
PITTSBURGH, WHEELING AND KENTUCKY RAILROAD COMPANY.
Line of Road. — Wheeling Junction, W. Va., to Benwood, W. Va 28.04 miles.
Sidings, etc., 7.37 miles. Gauge, 4 ft. 9 in. Rail (steel, 19.83 m.), 56, 60 and 64 Ibs.
History.— Chartered July 15, 1868. Road opened to Wheeling, February 25, 1878 ; to
Benwood in 1883. Leased for net earnings since date of opening to Pittsburgh, Cincinnati
and St. Louis Ry. Co.
Rolling Stock. — 249 car trust box cars. All other equipment furnished by P., C. & St.
L. Ry. Co.
Operations for year ending December 31, 1886. — Train mileage — passenger, 61,222 ;
freight, 69,U?8 ; mixed, etc., 4,990 — total, 135,290 miles. Passengers carried, 107,479 ; car-
ried one mile, 1,673,003; average mile rate, 2.67 cents. Tons freight moved, 423,578 ; moved
one mile, 8,932,111 ; average ton-mile rate, 1.23 cents.
Earnings.— Passenger $44,711 85 Expenses.— Transportation P3,731 68
Freight 109,755 35 Motive Power 17,402 57
Mail 1,78536 Maintenance Way and Buildings 37,85953
Express 2,28627 General 7,03320
Miscellaneous 2,337 84
Total ($5,737.39 per mile) $160,876 67 Total ($3,424.64 per mile) $96,026 98
Net earnings (40.32 per cent.), $64,849.69. Add other receipts, $976.05— total, $65,-
825.74. Payments : Hire of equipment, $13,187.48; interest on bonds, $25,400; other pay-
ments, $550.00— total, $39,137.48. Balance, surplus, $26,688.26 ; surplus from last year,
$12,648.25— total, $39,336.51.
General Balance Sheet, December 31, 1886.
Cost of Road and Equipment. : $824,013 76
SinkingFund 22,079 12
DuebyLessee 31,96410
Other Property and Assets 5,705 57
Cash on Hand... 79235
Total Assets $884,554 90
Capital Stock (auth'd, $8,000,000; par. $50).. §433,211 00
Funded Debt Outstanding 390,000 00
Due Pennsylvania Co 16,263 65
In terest Due January 1, 1887 5,70000
Other Liabilities 4374
Profit and Loss... 39,33651
Total Liabilities $884,554 90
Funded debt consists of first mortgage $200,000 7 per cent. 80-year registered $1,000
bonds, due November, 1907, interest May and November ; consolidated mortgage $190,000
620 POOR'S MANUAL OF RAILROADS.
6 per cent. 50-year registered $500 and $1,000 bonds, due January, 1934, interest January and
July — total, $300,000. $19,000 bonds are redeemed and placed to sinking fund.
The amount of bonds authorized to be issued under the consolidated mortgage is $500,-
000. The amount outstanding was issued chiefly in payment of sundry liabilities referred to
in the MANUAL for 1884. Of the amount unissued $200,000 are reserved to take up the pres-
ent first mortgage bonds, and the remainder will be applied to meeting the requirements of
the company.
Annual meeting, fourth Thursday in March ; books close ten days prior thereto. Books
close for dividends 15 days prior to payment of same. Interest payable at office of Pennsyl-
vania RR. Co., Philadelphia, Pa. Voting power attaches to stock after 10 days' ownership.
Trustees of bonds : First mortgage, Thomas D. Messier and W. P. Hubbard ; consolidated
mortgage, Thomas D. Messier and John McLure. Registrar of stock, S. B. Liggett, Pitts-
burgh, Pa. On April 6, 1883, the company paid a stock dividend of 10 per cent.
Directors (elected March 24, 1887).— C. D. Hubbard, M. Reilly, John McLure, Wheeling,
W. Va. ; H. Gr. Lazear, Lazearville.W. Va. ; Wm. Thaw, Thomas D. Messier, Pittsburgh, Pa.
C. D. HUBBARD, President Wheeling, W. Va.
John McLure, Vice-President Wheel ing, W. Va.
Secretary— -J. M. Belleville Wheeling, W. Va. | Treasurer— John E. Davidson Pittsburgh, Pa.
Assistant Secretary— S. B. Liggett Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Wheeling, "W. Va.
Transfer Office Penn Av. and 10th St., Pittsburgh, Pa.
PORT ROYAL AND WESTERN CAROLINA RAILWAY COMPANY.
Main Line of Road. — Port Royal, S. C., to Augusta, Ga 112.0 miles.
Augusta and Knoxville Branch : Augusta, Ga., to Greenwood, S. C 68.0 miles.
Greenwood, Laurent and Spartanburg Branch: Greenwood, S. C., to Spartan-
burg, S. C 66.0 miles.
Greenville and Laurens Branch : Laurens, S. C., to Greenville, S. C 36.3 miles.
Savannah Valley Branch : McCormick, S. 0., to Anderson, S. C 57.0 miles.
Total length of lines owned, June 30, 1887 339.3 miles.
Sidings, 16.5 miles. Gauge, 4 ft. 9 in. Rail (steel, 54.5 miles), 50 and 56 Ibs.
History. — This company was formed by the consolidation and merger, October 27, 1886,
of the Port Royal and Augusta Ry. Co., the Augusta and Knoxville RR. Co., the Greenwood,
Laurens and Spartanburg RR. Co., the Greenville and Laurens RR. Co., and the Savannah
Valley RR. Co.
The Port Royal and Augusta Ry. Co. was chartered as Port Royal RR. Co. in Decem-
ber, 1856 ; road opened March 1, 1873. Default November 1, 1873; receiver, May 9, 1875.
Sold under foreclosure June 8, 1878, aud reorganized October 1, 1878. A controlling interest
in the road was purchased in June, 1881, by parties in the interest of the Central RR. and
Banking Co. of Georgia. In September, 1883, the company took a 99 years' lease of the
Augusta and Knoxville RR., and in September, 1885, entered into an agreement to operate
the Greenwood, Laureus and Spartanburg RR. for its net earnings. Following is the state-
ment of the Port Royal and Augusta Ry. Co. for its last fiscal year. The returns of the
other lines now included in the consolidation are annexed.
Rolling' Stock, June 30, 1886. — Locomotive engines, 17. Cars — passenger, 8; baggage,
mail and express, 4 ; freight (box, 167 ; platform, 59 ; stock, 2 ; caboose, 24), 252 — total care,
266. Also, 1 road master's and 1 wrecking cars.
Operations for year ending June 30, 1886. — Train mileage — passenger, 81,760 ; freight,
172,550 ; mixed, 36,934 ; other, 12,520— total, 303,764 miles. Passengers carried, 74,861 ;
carried one mile, 1,960,000; average mile rate, 2.50 cents. Tons freight moved, 167,005;
moved one mile, 13,313,884 ; average ton-mile rate, 1.81 cents.
POOR'S MANUAL OF RAILROADS. 621
Earnings.- Passenger $49,01580
Freight 240,422 90
Mail 6,001 32
Express 1,591 73
Miscellaneous 12,083 02
Total ($2,760.49 per mile) $309,174 77
Expenses.— Transportation $00,571 46
Motive Power 63,790 12
Maintenance of Cars 25,799 44
Maintenance Way & Buildings.. 118,962 28
General 9,811 18
Total ($2,445.84 per mile) $273,934 48
Net earnings (11.39 per cent.), $35,240.29. Paid interest (on bonds, $21,720 ; other, $84),
$21,804. Balance, surplus, $13,436.29. Deficit from 1885, $45,504.72— net deficit, $32,068.43.
General Balance Sheet, July 1, 1886.
Cost of Eoad, etc $2,500,000 00
Real Estate and Buildi ngs 18,967
Stock in Compress Company 80,000 00
Augusta and Knoxville RR 89,663 22
Sinking Fund, 1st mortgage 54,000 00
Sundry Accounts, etc 41,559 30
Profit and Loss 32,068 43
Total Assets $2,766,258 03
Capital Stock $750,000 00
Funded Debt Outstanding 1,862,000 00
Bills Payable 63,16678
Current Accounts 8J 931 ZO
Greenwood, Laurens and SpartauburgRR. 2,159 75
Total Liabilities $2,766,258 03
Funded debt consisted, July 1, 1886, of the following issues :
1st moitgage 6 per cent, gold 20-year bonds, dated Jan. 1, 1879, int. Jan. and July. $250,000
Gen. mortgage t> p. c. gold 20-year bonds, dated Jan. 1, 1879, int. Jan. and July. . . 1,500,000
2d mortgage 6 per cent. 16-year bonds, due 1898 112,000
The deed securing the 2d mortgage bonds requires that a yearly deposit of $6,000 be
made with the Central RR. and Banking Co, of Ga., that company agreeing to become re-
sponsible for the sinking fund, and to account for it at maturity of the bonds, with interest
at 5 per cent , compounded [annually.
Financial Statement, Port Royal and Western Carolina Ry. Co., June 1, 1887. — Capital
stock (par, $100)— preferred, $2,000,000 ; common, $4,000,000. Funded debt, $2,500,000.
Of the preferred stock, $360,000 will be issued to pay paat due interest on old bonds, and
floating debt, and the remainder will beheld in company's treasury ; of the common stock,
$1,050,000 will be issued in exchange, dollar for dollar, for the stocks of all the constitu-
ent companies, with the exception of Augusta and Knoxville stock, which will be paid off
at its value and retired. The new bonds will be issued in exchange for the bonds of the sev-
eral companies.
AUGUSTA AND KNOXVILLE RAILROAD.-Angusta, Ga., to Greenwood, S. C., 68 miles.
Sidings, 1.7 miles. Gauge, 4 ft. 9 in. Rail,50lbs. Rolling stock supplied by lessees. Consolidation, May 5, 1880, of
the A. & K. RR. Co. in Georgia and the A., K. and Greenwood RR. in South Carolina. Opened to Dorr's Mine,
S. C., 45 miles, about January 8, 1882, and to Greenwood about May 1, 1882. Leased to Port Royal and Augusta
Ry. Co. for 99 years from September, 1883, the lessee guaranteeing interest and principal of bonds and annual
ton-mile rate, 2.51 cmts. Earnings— passenger, $30,888.50 ; freight, $105,500.99 ; mail, express, etc., $6,550.30—
total, $142,939.85. Expenses, taxes, etc., $120,077.71. Net earnings, $22,862.14. Payments not reported. Under the
terms of lease the rental would be— interest, $44,100 : dividend, $5,172.20— total, $49,272.20. Deduct net earnings,
£22,862.14— net deficit, $26,410.06. Capital stock (par, $25), $129.305 ; funded debt, 1st mortgage 7 per cent. 20-year
bonds, due July 1, 1900, interest January and July, $030,000— total, $759,305. Contra : Cost of road and equip-
ment, $688,171.93.
GREENVILLE AND LAURENS RAILROAD.-Laurens, S. C., to Greenville, S. C., 36.30 miles-
Road opened September 8, 1886. No further information furnished.
GREENWOOD LAURENS AND SPARTANBURG RAILROAD.-Greenwood, S. C., to
Spartanburg, S. C., 60 miles. Sidings, 1.5 miles. Gauge, 4ft. 9 in. Kail (steel), SOlbs. Locomotives, 4. Cars — pas-
senger, 3 ; baggage, 2 ; freight, 54. Tracklaying was oegun July 15, 1884. Whole line opened September 23, 1885.
Operated by the Port Royal and Augusta Ry. Co. for net, earnings. Operations for year ending June 30, 1886. —
Train mileage included in that of A. & K. RR. Passengers carried, 23,727 ; carried one mile, 643,700 ; average
mile rate, 2.50 cents. Tons freight moved, 24,137 ; moved one mile, 849,412 ; average ton-mile rate, 3.50 cents.
Earnings (8 months ending June 30, 1886)— passenger, $16,093.89 ; freight, $29,746.47 ; other, $2,628.30— total,
$48,408.00. Expenses, $46,308.91. Net earnings, $2,159.75. Capital stock (par, $2:>). $360.000 ; funded debt, first
mortgage 6 per cent. 30-year bonds, dated Januai-y 1, 1884, interest January and July, $660.000— total stock and
bonds, representing cost of road, $1,020,000. In 1864 a controlling interest in this company was acquired by
parties acting for the Central RR. Co. of Georgia. The line was built and operated until the date of its formal
completion by W. G. Raoul, when it was turned over to the G., L. & S. RR. Co., and by it. transferred to the Port
Royal and Augusta Ry. Co., under agreement.
SAVANNAH VALLEY RAILROAD.— McCormick, S. C.,to Anderson, S. C., 57 miles. Grading
was commenced early in 1884, and about 45 miles were completed by December of that year. On October 12,
1885, the grading of the entire line was completed. Tracklaying completed from McCormick's to a point two
miles beyond Bordeaux, 10 miles, in 1885, the remainder being built in 1880.
622 POOE'S MANUAL or RAILROADS.
Board of Directors Port Royal and Western Carolina Ry. Co.
W. G. Raon) Savannah, Ga.
E. P. Vcrdcry Augusta, Ga.
W. L. Muuklin Greenville, S. C.
C. II. Phinizy Augusta, Ga.
J. H. Alexander Augusta, Ga. John Ferguson Greenville, S. C-
E. R. Schneider Augiista,Ga. J. J. Plugs Lauren-. -- . < '.
W. \V. Humphreys.. Anderson, 8. C. Jos. B. Gumming Angus'
J. A. Barksdale Laureug, S. C.| T. J. Moore Spartanburg, s1. C.
D. C. Wilson Beaufort, S. C.
E. P. ALEXANDER, President Savannah, Qa.
General Manage! — M. S . Belknap Augusta, Ga. ] Treasurer— Edw. Mclntyre Savanrah. G:i.
Secretary— A. Anderson, Jr Savannah, Ga. | Superintendent— W. W. Starr Augusta, Ga.
PRINCIPAL OFFICE AND ADDRESS Augusta, Ga.
Transfer Office Savannah, Ga.
New York Agency. No. 252 Broadway, New York City.
POTOMAC, FREDERICKSBURG AND PIEDMONT RAILROAD COMPANY.
Line of Road. — Fredericksburg, Ya., to Orange Court House, Va 38 miles.
Sidings, etc., 2 miles. Gauge, 3 ft. Rail, steel (0.5 m.), 40 ; iron, 30, 45, 56 and 64 Ibs.
History, — Occupies the line of the old Fredericksburg and Gordonsville KR. (standard
gauge), which, had completed about 17.5 miles. Road opened April 4, 1877 ; came under
control of the present company, May 13, 1878.
Rolling: Stock. — Locomotive engines, 2. Cars — passenger, 2 ; baggage, etc., 1 ; freight
(box, 4 ; stock, 2 ; gondola, 2 ; flat, 24), 32— total, 35. Also leased, 6 flat cars.
Operations for year ending September 30, 1886. — Trains run (passenger, 26,038 ; freight,
26,724), 52,762 miles. Passengers carried, 7,527; carried one mile, 156,551. Freight moved,
25,437; moved one mile, 565,264 tons. Earnings (passenger, $5,278.55 ; freight, $io,893.31;
mail, $1,667.28), $32,839.14. Operating expenses (transportation, $19,108.72 ; rolling stock,
$1,050.65 ; maintenance of way, $7,095.18), $37,254.55. Net earnings, $5,584.59. Paid
interest on bonds, $6,818.80. Balance, deficit, $1,234.21 ; deficit from last year, $4,548,-
58. Balance, surplus as per balance sheet, $327,504.26.
Financial Statement, September 30, 1880.— Capital stock, $460,000; funded debt, $169,-
000; current accounts, $2,297.32; other liabilities, $23,320; deficit from tbis year, $1,234.-
21; deficit from last year, $4,548.58— total, $5.782.79; general surplus, $327,501.26— total,
$987,904.37. Contra: Cost of road, $949,230.19; rolling stock, $27,070.40 ; real estate and
.buildings, $4,546.78 ; other assets, $750 ; current accounts, $864.59 ; cash on hand, $5,-
442.41.
Funded debt, 1st mortgage 6 per cent. 15-year $100 and $500 bonds, due April 15,
1893, interest April and October, $58,000; 2d mortgage 6 per cent. 30-year $500 and Sl,-
000 bonds, due June 10, 1908, interest June and December (authorized, $250,000), $111,-
000. Bonds are coupon ; interest payable at Fredericksburg ; trustee, John S. Marye,
Fredericksburg, Va. Annual 'meeting, first Tuesday in May.
Directors (elected May 3, 1887).— L. Harry Richards, Philadelphia, Pa. ; W. H. Rich-
ards, Fredericksburg, Va.; Robert L. Hayes, West Chester, Pa.; Chas. H. Mason, Phila-
delphia, Pa.; J. Dandridge Murtaugh, Fredericksburgh, Va.
L. HARRY RICHARDS, President Philadelphia, Pa.
Acting Secretary— S. G. Daniel — Fredericksburg, Va. | Treasurer— W. H.. Richards Fredericks-burg, Va.
PRINCIPAL OFFICE AND ADDRESS Fredericksburg, Va.
RALEIGH AND AUGUSTA AIR-LINE RAILROAD COMPANY.
Main Line of Road.— Raleigh, N. C., to Hamlet, N. C 97.75
Gibson Branch : Hamlet, N. C., to Gibson, N. C 10.00 — 107.75 mile?.
Leased : Pittsboro RE. — Montcure, N. C., to Pittsboro, N. C 12.00 miles.
Total length, of line operated 119.75 miles.
Sidings, 4 miles. Gauge, 4 ft. 9 in. Rail (steel, 66J miles), 50 and 52 Ibs.
POOR'S MANUAL OF BALLROADS. 623
History. — Chartered as Chatham RR. Co. February 15, 1851. Main line completed Sep-
tember 13, 1877; Gibson extension during the year 1884.
Hulling Stock (leased.) — Locomotive engines, 4. Cars — freight (box, 50 ; platform, 50),
100.
Operations for year ending September 30, 1886. — Train mileage, etc., not reported.
Earnings— passenger, $37,320.84 ; freight, $173,720.54; mail, etc., $8,973.43— total ($1,837.28
per mile), $220,014.85. Expenses— maintenance of road and bridges, $47,464.41 ; motive
power, $5,103.36; transportation, $74,249.61; miscellaneous and taxes, $23,873.93— total,
($1,258.38 per mile), $150,691.31. Net earnings, $69,323.54; interest, etc., received, $789.69;
sale of bonds, $1,000,000— available revenue, $1,070,113.23. Payments : Interest on debt, $53,-
094.79; preferred stock redeemed, $1,000,000 ; deferred interest on stock, $292,037.30; other
payments, $10.10— total, $1,345,142.19. Deficit, $275,028.96.
Financial Statement, September 30, 1886.— Capital stock (par, $100), $873,600 ; funded
debt, 1st mortgage 6 per cent. 40-year coupon $1,000 bonds, due January, 1926, interest pay-
able January and July, $1,000,000 ; current accounts, $18,512.45; Raleigh and Gaston RR.
Co., $292,037.30— total liabilities, $2,184,149.75. Contra: Cost of road, $1,830,803.74; cost
of branch road, $22,343.72 ; bills receivable, $6,780.11; current accounts, $54,570.01; cash on
hand, $14,328.69; profit and loss, $255,323.48— total assets, $2,184,149.75.
Annual meeting second Thursday in November. Registrar of stock, W. W. Vass, Sec-
retary and Treasurer, Raleigh, N. C.
PITTSBOB.O' RAILROAD.— Moncure, N. C., to Pittsboro', N. C., 12 miles ; sidings, 1 mile. Char-
tered in 1880, and road built and opened in same year. Leased to the Raleigh and Augusta Air-Line RE. Co.,
which practically owns the road.
Directors Raleigh and Augusta Air-Line RR. Co. — John M. Robinson, N. C. Hoffman,
Baltimore. Md.; Joseph B. Bachelor, W. J. Hawkins, R. S. Tucker, Raleigh, N. C.; Paul C.
Cameron, Hillsboro', N. C.; W. W. Chamberlaine, Norfolk, Va.
JOHN M. ROBINSON, President Baltimore, Md.
Treasurer and Secretary— W . W. Vass. . .Raleigh, N. C. | General Manager— John C. Winder Raleigh, N. C.
Auditor- 3. B. Martin Raleigh, N. C.
PEINCIPAL OFFICE AND ADDRESS Raleigh, N. C.
RALEIGH AND GASTON BAILROAD COMPANY.
Main Line of Koad.— Raleigh, N. C., to Weldou, N. C 97.75
Louisburg Branch 10.00—107.75 miles.
Sidings, etc., 10.75 miles. Gauge, 4 ft. 9 in. Rail (steel, 97.75 miles), 50 to 60 Ibs.
History.— -Chartered January 29, 1839 ; road opened from Raleigh to Gaston in 1844.
Reorganized in 1851, and road extended to Weldon in 1852. Company owns a controlling in-
terest in the Raleigh and Augusta Air-Line Railroad.
Holling Stock. — Locomotive engines, 29. Cars — passenger, 31 ;• baggage, 4; freight
(box, 371; platform, 267), 638 — total, 673. Also 2 officers', 4 caboose, and 10 other cars.
Operations year ending September 30, 1886. — Train mileage, etc., not reported. Earn-
ings—passenger, $79,410.22; freight, $318,424.50; mail, $9,756.15; other, $59,551.01— total,
$467,141. 8S. Expenses— $360,560.32. Net earnings, $106,581.56; interest and dividends re-
ceived, $62,034.79 ; other receipts, $8,370.07— available revenue, $176,986.42. Payments :
Interest on bonds, $80,000; on debt, $142.67; dividends on stock, $60,000— total, $140,-
142.67. Balance, surplus, $36,843.75.
Financial Statement, September 30, 1886.— Capital stock (par value, $100), $1,500,000 ;
funded debt (1st mortgage, 8 per cent. 25-year coupon $1,000 bonds, due January 1, 1898,
interest payable January and July), $1,000,000 ; current accounts, $520 ; October dividend,
$30,000 ; profit and loss, $881,280.89— total liabilities, $3,411,800.89. Contra : Cost of road
and property, $1,500,000; stock aud bonds, $1,694,145.08; materials, etc., $9,807.60; other
property and assets, $20,058.07; bills receivable, $89,144.79; current accounts, $59,949.55 ;
cash on hand, $38,695.80— total assets, f 3,411,800.89.
624
POOR'S MANUAL OF RAILROADS.
Statement of operations, etc., for nine years :
1877
1878
1879
1880
1881
1882
1883
*1885
1886
47,014
44,615
50,508
54362
56435
Fr'gt (tonsjMoved
108,671
Pass. Earnings. ..
Freight Earnings
Mail, etc
$
59,292
167.626
7,598
$
53,986
181,524
6,968
$
56,471
202,053
5,886
$
01,587
273,905
14,707
$
64,354
836,477
38,956
$
70,510
826,018
50,428
$
81.268
821,596
68,576
8
100,076
872,799
69,408
S
79,410
31K.425
69,307
Gross Earnings..
Working Expen'e.
2^4,511
148,761
242.478
.135,293
264,410
185,473
350,292
316,802
439.787
386,421
446,951
347,653
471,440
817,410
542,288
374,135
467,148
360,500
Net Earnings
Gross Eain's p. M.
Wk'ng Ex's p.M.
Net Earn'gs p. M.
Exp's to Earn'gs.
85,750
2.417 64
1,5*1 62
884 02
63.45 p. c.
107,185
2,499 78
1,394 81
1V104 97
55. 79 p. C.
78,937
2,725 67
1,913 10
813 57
70. 14 p. c.
33.400
8,610 33
8,266 00
344 33
90.51 p. c.
53.366
4,533 89
3,988 72
550 17
87.87 p. c.
99.294
4,607 74
3,584 09
1,023 65
77. 78 p. c.
154,030
4.822 92
8,247 16
1.575 70
67.33 p. c.
168.148
5.032 7!)
8.472 25
1.560 54
68. 99 p. c.
106,582
4.335 42
y.34t> 2S
!^!l 14
77.19 p. c.
* For 14 months.
Annual meeting, second Thursday in November. Dividends payable April and October
at Raleigh, N. C. ; books close 30 days prior to payment of game. Interest payable at Phila-
delphia, Pa., Baltimore, Md., and Raleigh, N. C. Registrar of stock, W. W. Vass, Secretary
and Treasurer, Raleigh, N. C.
Directors (elected November 11, 1886).— R. C. Hoffman, Baltimore, Md.; W. W. Cham-
berlnine, Norfolk, Va ; W. J. Hawkins, J. B. Batchelor, R. S. Tucker, Raleigh, N. C.; P. C.
Cameron, Hillsboro, N. C.
J. M. ROBINSON, President Baltimore, Md.
Superintendent— Wm. Smith Raleigh, N. C.
Auditor— 3. B. Martin RaJeigh, N. C.
Treafurer and Secretary— W. W. Vase.. .Raleigh, N. C.
General Manager— J. C. Winder Raleigh, N. C.
PRINCIPAL OFFICE AND ADDKESB Halifax Street, Raleigh, N. C.
RICHMOND AND ALLEGHANY RAILROAD COMPANY.
Main Line of Road. — Richmond, Va., to Clifton Forge, Va 230.35 miles.
Lexington Branch : Balcony Falls (174} m. w. Richmond) to Lexington 20.36 miles.
Richmond Tidewater Connection 1.31 miles.
New Canton Branch : Bremo Bluff to New Canton 0.33 mile.
T j j Buckingham MH.: New Canton to Arvon 3.91
• ( Valley ftR.: At Lexington, Ky. (joint use) 0.72— i.63 miles.
Total length of line operated 256.88 miles.
Sidings and other tracks, 29.30 miles. Gauge, 4 ft. 9 in. Rail (steel, 264.10 miles), 56 Ibs.
Length of telegraph line — poles, 273 miles; wire, 362 miles ; of telephone line (wire), 9 miles;
of iron bridging, 3,133 feet ; combination (wood and iron), 570 feet ; highway bridging, 1,738
feet; number of station buildings, 52; of water tanks, 17; of turn tables, 6. Collateral
properties: Richmond Docks; Water power — Richmond level, Lynchburg level, Sundry
levels, Manchester level ; Rivanna Canal, 5 miles ; Indian Rock Tramway (leased to E.
Dillon), 2.5 miles ; and 15 miles ferries operated.
History.— Chartered February 27, 1879. Road opened October 15, 1881. Default made
in interest payments in May, 1883, and on June 23, same year, the road was placed in the
hands of receivers.
Rolling Stock, September 30, 1886. — Locomotive engines, 19. Cars— passenger, 21 ;
baggage, mail and express, 10 ; freight (box, 264 ; platform, 290 ; stock, 47 ; coal, 52 ; gon-
dolas, 132 ; caboose, 10), 795 ; service cars, 10— total cars, 836. Also, 1 derrick, 1 pile-driver
and 1 steam excavator.
Operations for year ending September 30, 1886.— Train mileage— passenger, 274,730 ;
freight, 221,712 ; other, 41,000— total, 537,542 miles. Passengers carried, 148,676 ; carried
one mile, 5,780,888 ; average mile rate, 2.46 cents. Tons freight moved, 347,833 ; moved
one mile, 32,874,566 ; average ton-mile rate, 1.075 cents.
POOR'S MANUAL — RICHMOND AND ALLEGHANY RR. CO.
C25
ExponHCS.— Maintenance of Way $139,318
Maintenance Motive Power 16,981
Maintenance of Cars 31,738
Transportation 171,920
General 52,280
Earnings.— Passenger $142,031
Freight 353,536
Mails 17,92«
Express 19,738
Miscellaneous 9,470
Total ($2,113 per mile). . $542,701
Collateral Properties— Water Rents 20,307
Richmond Dock ... 23,715
Manchester Water Pow'r 10,325
Total earnings from all sources $597,048
Net earnings (from railroad transportation 24.04 per cent, of gross— $130,464), $110,656.
Deduct, rentals leased lines, $3,122 and interest and discount^ $59, 345 ; foreclosure fees and
costs, $12,989 ; damage from freshets, $50,467 ; Frazier judgment, $5,607— total, $131 480.
Deficit, $20,824. Add amount charged to profit and loss for back taxes, legal expenses, etc.,
$24,089— total deficit, $44,913.
General Balance Sfteet, September 30, 1886.
Total ($1,605 per mile) $412,237
Operating expenses, collateral properties 26,113
Receivership and Real Estate Expenses 14,576
Taxes 33,466
Total expenses for all properties
Cost of Road (including Franchises, etc) $12.318,130
Richmond Docks 1,000,876
' Manchester Water Power 198,257
Real Estate 166,176
Equipment 890,991
Materials and Fuel 35,839
* Stocks and Bonds (incl. Buck. RR. Bonds). 238,800
Cash on Hand 79,826
Bills Receivable and Account* 49,029
Rivanna Canal 2,300
Discount Mortgage Bonds and Stocks 563,383
Total Assets $15,537,607
* See statement for Buckingham Railroad.
Statement of funded debt in detail :
Capital Stock $5,000,000
Bonded Debt 9,089,000
James River and Kanawha Co. Liens 34,034
Alleghany Car Trust 376,000
Receiver's Certificates
Bills Payable
Accounts Payable
Profit and Loss
Bremo Bluff Bridge Bonds.
493,717
86,601
120,335
326,920
11,000
Total Liabilities $15,537,607
CLASSES OP BONDS.
Date.
Interest.
Mature.
Authorized.
Out-
standing.
Annual
Charge.
1st Mortgage Bonds
March 5, 188(1
April 27, 1881
August 1,1 881
Various.
7 p. c. J. & J.
6p.c.M. &N.
5 p. c. F. &A.
8 p. c. various
July 1, 1920
May 1, 1916
Aug. 1, 1911
Various.
$5,000,000
4,000,000
j- 300,000
$4,982,000
4,000,000
j 36,000
| 71,000
$344,750
177,840
1,700
5,680
2d Mortgage Bonds
Improvement (Manch. Mortgage)
Manch. City Bonds (assumed)
The first and second mortgage bonds are a lien on the railroad, etc. .owned; the improve-
ment and Manchester city bonds on the Manchester Water Power. Annual meeting, Tuesday
following second Monday in December ; books close December 1. Stock and first mortgage
bonds listed on New York Stock Exchange.
A plan for the reorganization of this company has been proposed, which provides, as
amended in March, 1887, for foreclosure and the formation of a new corporation with $6,-
000,000 first mortgage bonds, $5,000,000 preferred stock, and $5,000,000 common stock, which
shall be issued to holders of old securities, as follows :
OLD SECURITIES.
New First Mort-
gage Bonds.
New Preferred
Stock.
New Common
Stock.
Rate.
Amount.
Rate.
Amount.
Rate.
Amount.
First mortgage bonds, and accrued and deferred int'st. . .
p. c.
100
$
5,000,000
p. c.
37
57J
$
1,850,000
2,150,000
p. c.
80
8
1,500,000
Stock
70
3,500,000
*
Old common stock is to be assessed 10 per cent, of its face value, payments on account
of assessments under plan previously proposed to be deducted. The new bonds will draw
interest at 2| per cent, per annum for year 1888, and thereafter 5 per cent. Preferred stock
40
626 POOB'S MANUAL OF RAILROADS.
is to be entitled to non-cumulative dividends of 6 per cent, per annum, but none to accrue
before January 1, 1889.
After the above distribution there will remain in the treasury $1,000,000 first mortgage
bonds, to be used only for betterments and additions to equipment, and $l,000,00u preferred
stock to provide for contingencies.
Trustees of first mortgage bonds, Henry M. Alexander, New York, and H. K. Ellyson,
Richmond, Va.; of second mortgage bonds, H. L. Terrill, New York, and Thomas S. Bocock,
Virginia. Registrar of stock, Farmers' Loan and Trust Co., New York City. Registrar of
trust certificates. Mercantile Trust Co., New York, N. Y.
BUCKINGHAM RAILROAD.— New Canton to Arvon, 3.91 miles. Chartered March 28. 1879. This
road was built during the past year in order to reach extensive slate beds at Arvon. Road opened May 1, 1885.
Under a contract made between this company and the receivers of the Richmond and Allegheny RR. in 1884. the
latter furnished the rails and fastenings and laid the track on this road, receiving in payment therefor §27,500 of
first mortgage bonds of this company. On its opening the road was leased to the Richmond and AHetrhany RR.
Co., the rental to be 50 per cent, of gros* earnings after three years. Capital stock, $20,000 ; funded debt, $60,-
000 first mortgage 6 per cent. 40- year bonds due January 1, 1925 ; total stock and bonds, representing cost of i oad,
$80,000. In 1884 the bridge over the James River on the line of this road was completed as a separate undertak-
ing. Its cost was $23,000, the payment of which has been assumed by the Richmond and Alleghany RR. Co.,
and the bridge conveyed to it. Since then $12,000 of these bonds have been retired. Officers of Buckingham RR.
— H. D. WHITCOMB, President ; E. R. Leland, Secretary and Treasurer. GENEUAL OFFICE, Arvon, Va.
Board, of Directors Richmond and Alleghany RR. Co., elected December 14, 1886.
Wm. H. Barnum..Lime Rock, Conn.
Calvin S. Brice. . . .New York, N. Y.
James T. Closson..New York, N. Y.
P. O. French New York, N. Y.
J. Lee Humfreville.New York, N. Y.
John J. McCook.. New York, N. Y.
Samuel Shethar. . . New York, N. Y.
John W. Simpson. New York, N. Y.
Samuel Thomas. .. .New York, N. Y.
Angelo L. Myers... New York. N. Y.
Chas. E. Wortham. ..Richmond, Va.
A. Y. Stokes Richmond, Va.
William L. Scott Erie, Pa.
LAWRENCE MYERS, Receiver New York, N. Y.
DECATTJR AXTELL, Receiver and General Manager Richmond, Va.
JAMES T. CLOSSON, President New York, N. Y.
John J. McCook, Vice-President New York, N. Y.
Beer's Asst. and Secretary— -E. R. Leland . . .New York. | Treasurer— Robert B. Snead Richmond, Va.
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
General Office No. 2 Wall St., New York.
RICHMOND AND DANVILLE RAILROAD COMPANY.
Main Line of Road. — Richmond, Va., to Danville, Va 140.52 miles.
Branches : Belle Isle, Coalfield, etc 11.82 miles.
n , ( Piedmont RR.: Danville, Va., to Greensboro', N. C 48.60
** : | N.-W.North Carolina RR.: Greensboro' to Salem, N. C 25.19— 73.79 miles.
~ Rich., T. R, & Ches. RR.: West Point to Richmond, Va 38.50
Milton and Sutherlin RR.: R. & D. Junction to Milton, N. C. 7.00
T , J North Carolina RR. : Goldsboro' to Charlotte, N. C 223. 15
s State University RR.: Junction to Chapel Hill, N. C 10.20
Atlanta and Charlotte Air-Line Ry.: Charlotte, N. C., to At-
lanta, Ga., 269 m., and branch roads, 80 m 349.00—627.85 miles.
Total length of railroad (owned, 226.13 ; leased, 627.85), Sept. 30, 1886 853.98 miles.
Sidings (R. & D. and P. RRs., 40.70 miles ; other lines, 60.62), 91.32. Gauge, 4 ft. 8£ in. Rail
(steel, R. & D. and P. RRs., 158 ; all lines, 503.21 miles), 57 and 60 Ibs.
Of the above mileage, the R. & D. RR. Co. operates directly 773.98 miles, covering all lines
with the exception of the 80 miles of narrow-gauge Atlanta and Charlotte Air-Liue RR.
branches, which are maintained as separate organizations and reported elsewhere.
History. — The Richmond and Danville RR. Co. was chartered March 9, 1847 ; main
line opened May 16, 1856 ; branches from 1871 to 1874. The Piedmont RR., though nomi
nally leased, is owned and operated in connection with the main line of the company's road.
The Northwestern North Carolina RR. is owned.
The Richmond, York River and Chesapeake RR. is leased in perpetuity from July 1,
1881, for $85,850 per annum. The North Carolina RR. was leased September 11, 1871, for 30
POOR'S MANUAL — BICHMOND AND DANVILLE BB. CO. 627
years from October 1, 1871, at a rental of $260, 000 a year. The Atlanta and Charlotte Air-
L'me RK. was leased March 26, 1881, for $464,500 per annum, being interest on the funded
debt and 5 per cent, on the stock, the R. & D. Co. also to provide a sum not exceeding $2,000
yearly for organization expenses. The Milton and Sutherlin RR. has been operated since
July, 1882. It is practically owned by this company, which holds 304 out of a total of 712£
shares of its capital stock and all of its bonds. The State University RR. was built partly by
contributions from this company, for which the latter holds 168 shares of the capital stock of
the S. U. RR. Co. It has been operated under lease since February, 1882.
The above railroads, aggregating 773.98 miles, comprise all the lines operated heretofore
directly by the Richmond and Danville RR. Co., and the statements of earnings, expenses,
etc., given below, cover only this mileage.
During the past year the following roads have been leased (the operations of these 'ines
are not included below — see GENERAL INDEX) :
Virginia Midland Railway, comprising 413 miles of railroad, leased April 15, 1886, the
Richmond and Danville RR. Co., guaranteeing interest on $7,635,000 serial bonds, and
interest on $4,865,000 five per cent, general mortgage bonds.
Washington, Ohio and Western Railroad, 50 miles, October 30, 1886, guaranteeing 4 per
cent, on $1,000,000 first mortgage bonds outstanding.
The Richmond and Danville RR. Co. also made operating leases with the following com-
panies :
May 1, 1886, Charlotte, Columbia and Augusta 373 miles.
May 1, 1886, Columbia and Greenville 296 miles.
April 30, 1886, Western North Carolina 290 miles.
June 14, 1886, Northeastern of Georgia 61 miles.
making the total length of lines now owned and leased by the Richmond and Danville RR.
Co., and for which reports will be submitted hereafter, 2,286.98 miles.
In addition to the railroad mileage controlled by the Richmond and Danville it owns the
Baltimore and Chesapeake Steamboat Company, operating a line of steamers between
Richmond and West Point, Va., and Baltimore, Md.
The Richmond and West Point Terminal Railway and Warehouse Co. was organized March
8, 1880, in the interest of the Richmond and Danville RR. Co., for the purpose of acquiring
roads not directly connecting with the Richmond and Danville RR. The charter of the
Richmond and Danville RR. Co., at that time, debarred it from owning stock in any but con-
necting lines; but a subsequent amendment removed this prohibition.
The Richmond and West Point Terminal Company acquired the controlling interest in
the Richmond and Danville RR. Co. by the purchase of 25,001 shares of the capital stock
on November 19, 1886, and by exchange of four shares of its common stock for one share of
the capital stock of the Richmond and Danville RR. Co. It has acquired, since March 1,
1887, 17,500 shares additional of the Richmond and Danville RR. Co.'s stock, so that of the
50,000 shares of the capital stock of the R. and D. RR. Co. outstanding, all but 7,500
shares is now owned by the Richmond and West Point Terminal Company.
Rolling Stock, all divisions, September 30, 1886. — Locomotive engines, 150. Cars — pas-
senger, 73 ; baggage, mail and express, 32 ; freight (box, 1,719 ; stock, 30 ; platform, 518 ;
coal, 25; gondola, 233), 2,525; other cars, 145 — total cars, 2,775. Also, 192 pairs transfer
trucks.
Operations for year ending September 30, 1886. — See tabulated statement below.
Earnings.— Passenger $998,022 51
Freight 2,646,433 95
Mail and Express 232,952 29
Rents 94,664 74
Miscellaneous . . , 20,409 70
Total ($5,275.62 per mile) $3,992,481 19
Expenses.— Transportation $721,893 71
Motive Power 581,240 33
Maintenance of Cars 166,977 75
Maintenance of Way .* 457,910 06
General and Taxes 193,530 72
Total ($2,803.39 per mile) $2,121,552 57
Net earnings (46.86 per cent.), $1,870,928.62 ; add interest on investments, $19,547; net
628
POOR'S MAKUAL— KICHMOND AND DANVILLE EK. CO.
income, $1,890,475.62. Payments: Interest on mortgage bonds, $328,329 ; on debentures,
$238,140 ; on N. W. N. C. RR. bonds, $780 ; on floating debt, $22,558.54 ; rentals, R., Y. R.
&C. RR., $91,350; Piedmont RR., $60,000; Nortli Carolina RR., $260,000; A. & C. A.-L.
RR., $466,500— total, $1,467,657.54. Balance, surplus to profit and loss account, $422,818.08.
There was expended for construction, $82,193.02 ; for equipment, $106,139.24 ; better-
ment account, A. & C. A.-L. RR., $92,420.24 ; change of gauge, $43,205 56— total, $323,958.06.
Profit and Loss Account, Year ending September 30, 1886.
Balance to Credit September 30, 1885 $1,360,308 14 Adjustment of Interest.and Rental Charges $209.116 94
Surplus Earnings of 1886 422,81808
Premium of $93,000 Gen. Mtge. Bonds 12,090 00
Excess on $100,000 R., Y. R. & C. Bonds
taken up at 90 sold at par 10,000 00
Sundry Accounts 50,385 77
Total $1,855,601
Change of Gauge Leased Lines 56,051 36
Sundry Accounts; 59,070 85
Balance September 30, 1886 13531,362 84
Total $1,855,001
General Balance Sheet, September 30, 1886.
Cost of Road and Property $9,617,820 81
Cost of Oxford and Henderson RR 73,622 80
Cost of A. & S. RR 34,873 77
A. & C. A.-L. Ry. Betterment Account. . . 990,201 01
R., Y. & P. Betterment Account 102,150 39
Piedmont Railroad Co.— Advances 222,874 61
Securities Owned by Company 4,455,739 71
Capital Stock $5,000,000 00
Funded Debt 9,467,400 00
Bills Payable
Accounts and Pay Rolls
Interest Due and Accrued
Interest Leased Lines' Bonds
Balance of Lease Rentals
Due other railroads
Miscellaneous Liabilities
Jno. S. Barbour, Commissioner .
695.371 64
629,577 61
932.7S1 00
293.229 67
203,893 95
175.812 23
198.190 45
32.9S3 23
Profit and Loss 1,531,362 84
Due Under Leases by Various RR. Cos . . 979,013 79
Materials and Supplies 762,550 41
Bills Receivable 678,28959
Trustee Accounts 199,039 12
Miscellaneous Assets and Accounts.. .. 576,90661
Cash on Hand, in Banks and iu Trani-it . . 467,5u6 20
Total Assets $19,160,608 62 Total Liabilities $19460,608 62
Statement of operations of the Richmond and Danville and Piedmont RRs. for three fiscal
years, 1879 to 1881 ; of operations of Richmond and Danville system for five fiscal years. 1882
to 1886, and of general balances of Richmond and Danville RR. Co. for eight fiscal years :
1879
1880
1881
1882
1883
1884
1885
1886
Main Line Owned (Miles-) . .
Miles of Railroad Operated.
Miles of Track Owned .
Miles of Steel Rails Owned.
Passenger Train Miles
Freight Train Miles
152.84
449.28
164.42
64.44
281.065
456;447
100,284
7,057,080
308,060
33,120,675
$
V'95,403
598,603
152.34
449.28
167.79
87.75
305,753
517,256
141,531
8,C80,121
372,226
41,344,479
8
1,243,271
745,337
152.34
449.28
152.34
744.00
152.34
756.50
152.34
756.78
193.04
158.00
1,036.830
1,570,092
656,082
32,346,007
1,319,585
120016,590
$
3,800,382
2,202,541
152.34
756.78
193.04
158.00
152.34
756.78
204.00
745,430
773,477
318,820
17,039.702
710,706
70,108,314
$
2,188,518
1,224,201
188.00
1,158,884
1,453,4.34
629,811
34,758,058
1,210,267
119,126853
$
3,651,073
2,353,038
150.75
939,211
1,559,634
633,803
30,965,067
1,311,624
125,513249
$
Passengers Carried
659.386
' 'l,451,646
661,836
'{,500,164
Passenger Miles
Freight (tons) moved
Freight (ton) Miles
Gross Earnings
$
3,981,355
2,231,486
$
3.992,481
2.121.552
Gross Expenses
Net Earnings
496,800
54.65 p. c.
$
3.866,400
508,4«6
3,607,300
169,413
28,171
87,148
497,934
59.94 p. c.
$
3,866,400
438,639
3,637,500
80,181
157,463
74,704
123,724
964,317
55.94 p. c.
$
3,860,400
420,(XiO
3,891,100
588,604
34(i,434
75,533
909,836
1,298,035
64. 40 p. c.
5,000,000
89,050
5,814,500
1,214.063
632,024
263,427
1,034,495
1,586,938
58.31 p. c.
$
5,000,000
1,597,841
57.9.5 p. c.
S
5,COO,000
1,749.869
56. 05 p. C.
$
5,000,000
1.870,929
53. 14 p. c.
$
5,000,000
Expenses to Earnings
Capital Stock..
State Loan
Funded Debt
6,715,150
1,034.742
442,694
196,075
988,791
7,035,150
791,868
410,481
431,230
1,109,553
9,384,500
469.591
880,810
671,039
1,360,308
ii.467,400
695.372
1,0:36.569
l,42!».9i*5
1,531.363
Bills Payable
Accounts
Interest and Rentals Due. . .
Profit and Loss
Total Liabilities
8,266,918
5,879,033
102,110
2,078,491
55,384
68,764
93,13(5
8,368,611
5,879,033
173,055
1,905,501
158,206
252,756
10,096,907
6,114,450
271.413
2,829,700
298.790
582,554
14,047,559
6,660,877
699.281
5.445.I-02
380,496
861,043
14.385,453
6,885,698
866,666
5,694,362
888,086
555,141
14,777,627
7,08tf,521
1,107,570
6,688,699
337,210
560,720
17,265,748
9,386.283
1,2-17,826
5,683.599
335.578
622,462
151,160.609
0,617,8*1
1,428,788
4.455.700
2,900,755
Contraction, etc
Advances to RRs. and Dues
Stocks and Bonds
Materials, etc
Cash and Cash Items
Profit and Loss
Total Resources
8,266,918
8,368,611
10,096,907
14,047,559
14,385,453
14,777,627
17,265,748
19,160,609
POORS MANUAL OF RAILROADS.
629
Funded debt, October 1, 1886 :
Character of Bonds.
Miles.
Date.
Due.
Interest.
Amount.
Annual
Charge .
Second Mortgage
Consolidated Mortgage
152.34
152.34
152.34
June 1, 1863
June 18, 1867
Oct.. 5, 1874
Feb. 1, 1882
Nov. 1, 1875
May 1, 1SHV90
Jan. 1, 1015
April 1, 1()27
6 p. c.,M. &N.
6 p. c.,M. &N.
6 p. c., J. & J.
6 p. c., A. & O.
$3,000
617.400
4,878,000
3,969,000,
8180
37,044
292,680
238,140
General Mortgage. Gold
Debenture (Income)
Interest on bonds payable at the office of the Central Trust Co., New York.
The amount of general mortgage bonds authorized under the mortgage was $6,000,000,
of which a sufficient amount is reserved to take up prior liens, including Piedmont RR. bonds.
Bonds are of $1,000 each with coupons.
The debentures are CUMULATIVE income bonds secured by mortgage, dated April 1, 1882,
due April 1, 1927 ; interest 6 per cent., IP EARNED, payable April 1 and October 1. No interest
has been paid in cash on them since April. 1883. In April, 1887, the company offered to
holders of these bonds new 5 per cent, consolidated mortgage bonds in exchange for over-
due coupons to that date. The holders of a majority of these debenture bonds have assented
to this proposition. Bonds may be issued under the consolidated mortgage of 1886 at the
rate of $15,000 per mile, with $2,500 per mile additional for equipment, etc. These bonds
are dated October 1, 1886; due October 1, 1936; $1,000 each and coupon with privilege of
registration. A sufficient amount will be reserved to retire prior lien and guaranteed bonds.
The first dividend paid by the company was 3 per cent., January 3, 1881 ; the next dur-
ing the year ending September 30, 1882, as follows : 2 per cent. November 15, 1881 ; 3 per
cent. February 15, 1882 ; 2 per cent. May 15, 1882, and 2 per cent. August 15, 1882. Since
the close of the last fiscal year a dividend of 2 per cent, has been declared, payable July 1,
1887.
Annual meeting, second Wednesday in December. Transfer books close about a month
before and reopen the day after the meeting. Central Trust Co., New York, trustee of bonds.
Stock and hoods listed on New York and Baltimore Stock Exchanges.
RAILROADS OWNED OR LEASED BY THE RICHMOND AND DANVILLE RR.
ATLANTA AND CHARLOTTE AIR-LINE RAILWAY.-Atlanta, Ga., to Charlotte, N. C.,
269 miles ; total track (steel. 259 miles), 286.56 miles. Gauge, 4 ft. 9 in. Rail (rteelt, 60 and 60| Ibs. Successor
of the Atlanta and Richmond Air-Line Ry. Co., which was formed by the consolidation, in 1870, of companies of
the same name, chartered in the States of Georgia, South Carolina, and North Carolina. The whole line was
opened September 28, 1873. The company making default soon after, its road was placed in the hands of a re-
ceiver. November 25, 1874, and was purchased by the bondholders at foreclosure sale, December 5, 1876. The
present company was organized February 27, 1877, and came into possession of the property April 16, 1877. On
the 26th of March, 1881. the road was leased to the Richmond and Danville RR. Co. for 99 years from April 1,
1881, at a rental of $462,500 annually.an amount equal to 7 per cent, interest on both classes of 1st mortgage
bonds, 6 per cent, on income bonds, and 5 per cent, dividends on the stock, the hitter payable semi-annually,
March 1st and September 1st. If the gross earnings of the A. & C. A.-L. Ry. exceed $1,500,000, the annual divi-
dends are to be 6 per cent.; and if they exceed $2,500,000, 7 per cent, on a sum equal to the present amount of
capital stock. The company has paid ten cash dividends of 2J per cent, each on the first days of March and Sep-
tember since March 1, 1882. The company owns the following rolling stock: Locomotive engines, 30; cars—
passenger, 17 ; baggage, mail, etc., 15 ; caboose, 10 ; freight (box, 246 ; stock, 11 ; platform, 79 ; coal, 5 ; green
line, 15), 356— total, 398. Also, 8 service cars.
Financial Statement, December 31, 1884.— Capital stock, $1,700,000 ; funded debt :
1st mortgage 7 per cent. 30-year bonds, due January 1, 1907, interest January and July $4,250,000
1st mortgage 7 per cent, preferred 20- year bonds, payable April 1, 1897, interest April and October 500,000
Income 20-year 6 per cent, bonds, due April 1, 1900 750,000
Total stock and bonds, representing cost of road $7,200,000
Interest and dividends payable at Central Trust Co., New York City.
Directors A. & C. A.-L. Ry- Co. (elected March 9, 1887).— Eugene Kelly, Richard Irvin, Jr., James E. Gran-
nis, J. H. Williams, R. A. Lancaster, J. W. Brown, W. N. Wilmer. P. P. Dickinson. B. R. McAlpine, J. H. Young,
H. W. Sibley, New York, N. Y.: Skipwith Wilmer. Baltimore. Md. H. W. SIBLET, President, New York City ;
George Sherman, Treawrer, New York City ; William N. Wilmer, Secretary, New York City. PRINCIPAL OF-
FICE AND ADDRESS, 48 Wall Street, New York City.
MILTON AND STTTHERLIN RAILROAD.— Main Line R. & D. RR., 14 miles east of Danville,
to Milton, N. C., 7 miles. Gauge, 3 ft. Chartered in 1876 ; opened in February, 1878. Operated by the Rich-
mond and Danville RR. Co., from July, 1882. The road is practically owned by the R. & D. Co.. which owns
$36,400 of its capital stock— total stock, $61,250. ' 'Funded debt, 1st mortgage 8 per cent, bonds, interest paya-
ble January and July, $26,000, all of which are held by the R. & D. Co. Operations in 1883-84.— passengers. 4,-
165: mileage, 29,156. Tons, 4,351; mileage, 30,031. Earnings, $7,693.53; expenses, $7,761.35; deficit, $67.82.
J. W. LEWIS, President ; H. W. Hines, Treasurer, Milton. N. C.
NORTH CAROLINA RAILROAD.-Goldsboro' N. C.. to Charlotte, N. C., 223.15 miles ; total
track (steel, 148.50 miles), 238.15 miles. Chartered January 27, 1849 ; road opened January 30, 1850. Leased
630
POOR S MANUAL OF RAILROADS.
(September 11, 1871), to Richmond and Danville RR. Co. for 30 years from October, 1871, at a rental of $260,000
a year.
Income Account for year ending May 31, 1886.— Receipts : Rental, $260,000 : interest, $9,500.51 : rein
87 ; real estate. $2,277.50 ; dividends, $1,170— total, $273.72S.88. Expenses— salaries, taxes, etc.. $5,747. '.-1
income, $267,981.16. Payments : Interest, $18,574 ; dividends (March and September, 1886), 3 per cent, each,
$240,000— total, $258,574. Balance, surplus, $9,407.16.
From July, 1859, to September 1886, the company paid twenty-five dividends, nineteen of which were in
United States currency, five in Confederate money, and one in 8 per cent, mortgage bonds. For particulars see
MANUAL for 1886, page 962.
General Balance Sheet, May 31, 1886.
Construction, etc. ($22,096.99 p. m.) $4,924,a35 71
Real Estate 448 Or
Old Sinking Fund (8 per cent, bonds) 189,001 54
Railroad Stocks 44,500 00
Bills and Accounts Receivable 1,332 44
Graham, Trustee 121 ,616 49
CashonHand 16,922 40
Total Assets $5,298,656 65
Capital Stock $4,000,00000
Funded Debt 21,000 00
Convertible Dividend Certificates 13800
Temporary Loan 22.800 00
Dividend No. 24 120,25500
Interest and Dividends Due 3,844 00
Profit and Loss. ... 941 .619 65
Total Liabilities $5.298,656 65
Funded Debt : 1st mortgage 8 per cent, bonds, running 20 years to November 1, 1888, $210,000 ; interest
payable May and November : sinking fund, $20.000 per annum.
Directors (elected July 8, 1886).— Thomas M. Holt, Haw River, Alamance Co., N. C. ; H. W. Fries, Salem, N.
C. ; M. L. Holmes, Salisbury, N. C. : R. B. Hay wood, Raleigh, N. C. App(Anted by State: J. L. Morehead. A.
Bnrwell, Charlotte, N. C. ; Kerr Craige, Salisbury, N. C. : R. F. Hoke, Raleigh, N. C. ; W. F. Kornegay, Golds-
boro, N. C. ; Donald MacRae, Wilmington, N. C. ; R. W. Thomas, Thomasville, N. C. : Duncan Cameron, Dur-
ham, N. C. Officers: T. M. HOLT, President, Haw River, Alamance Co., N. C. ; P. B. Ruffin, Secretary and
Treasurer, Company Shops, N. C.
NORTHWESTERN NORTH CAROLINA RAILROAD.-Salem Junction, N. C., to Salem. N.
C., 25.2 miles ; total track, 26 miles. Gauge, 5 ft. Chartered March 9, 1868. Opened in March, 1873. Operated
and virtually owned by the R. & D. RR. Co., which built the road. Capital stock ($160,000 owned by R. & D. RR.
Co.), $317,100 ; funded debt, 1st mortgage 6 per cent. 30-year bonds, guaranteed by R. & D. RR. Co., due October
1, 1902, interest April and October ($487,000 owned by R. & D. Co.), $500.000 : non-mortgage debt, $10r>.486.94—
total, $922,586.94. Contra: Cost of road and equipment, $454,779.14 ; stock and other investments, $466,498.50 ;
profit and loss, $1,309.30. A. S. BUFORD, President ; W. E. Turner, Treasurer, Richmond, Va.
PIEDMONT RAILROAD. -Danville, Va., to Greenboro', N. C., 48.5 miles. Gauge, 5 ft. Organized
in 1868. Road leased to and virtually owned by the R. & D. RR. Co. ; rental, $60,000 a year. Interest on bonds,
$40,000 ; reduction of floating debt (advances by lessees), $20,000. Capital stock (§1,494.300, owned by R. & D.
RR. Co.), $1,500,000 ; funded debt, let mortgage 8 per cent. 20-year bonds, guaranteed, due July 1. 188X. interest
April and October, $500,000 ; floating debt (advances by lessees'. $189,083.19— total stock, bonds and debt, $2,189,-
083.19. A. S. BUFORD, President • E. A. Barber, treasurer, Richmond, Va.
RICHMOND AND MECKLENBURG RAILROAD.-Keysville, Va., to Clarksville,31.58 miles."
Owned by Richmond and West Point Terminal Railway and Warehouse Co. Locomotive engine, 1 : passenger
car, 1 ; freight cars, 12. Operations for year ending September 30, 1886.— Trains run (mixed), 8,253 miles. Pas-
sengers, 8,415 ; passenger miles. 155,648 : average mile rate, 4.46 cents. Tonna<re, 19,334 ; ton-miles, 371,730 : aver-
age mile rate, 6.29 cents. Earnings, $32,374.99 ; expenses, $19.597.93 : net earnings. $12,777.06. Paid interest on
bonds, $18.900. Deficit, $6,122.94. Capital stock, $3SO,000 ; fnnded debt (1st mortgage 6 per cent. 40-year bonds,
due November 1, 1921, interest May and November), $315,000. JOHN B. MCPHAIL, Jr., Presirlent : W. E. Turner,
Treasurer ; Thomas Easley, Secretary • W. H. Green, Superintendent, Clarksville, Mecklenburg Co., Va.
RICHMOND, YORK RIVER AND CHESAPEAKE RAILROAD.-Richmond, Va., to West
Point, Va., 38.50 miles ; total track (steel, 8.16 miles), 45.5 miles. Gauge, 5 ft. Rail. 56 Ibs. Chartered as Rich-
mond and York River, January 31. 1853 : opened in 1869. Sold under foreclosure May 2. 187?. Reorganized by
purchasing bondholders under existing title. Leased to the Richmond ana Danville RR. Co. in perpetuity from
July 1, 1881, for $85,500 per annum. Jtollittg Slock. — Locomotive engines, 5. Cars — passenger, 5 : baggage, etc.,
bonds. $59,000 ; dividends. $29,850— total, $88,850. Surplus, $32,319.72. Capital stock, *4'.i7,500 ; funded debt list
,. .
mortgage 8 per cent, bonds, dated October 15, 1873.rand payable January 1, 1894. interest January and July, $400,-
000 ; 3d mortgage 6 per cent. 20-year bonds, due November 1. 1900, interest May and November. $500,000), «!'ixi,-
000— total, $1 ,397,500. Contra : Road and equipment ($16,438.63 per mile), $632,866.97. The fnnded debt is secured
by a trust deed upon all the works and property owned by the company. THOMAS CLYDE, President, Philadelphia,
Pa. ; W. P. Clyde, Vice- President, New York, N. Y.
STATE "UNIVERSITY RAILROAD.— Main line North Carolina RR., 4 miles east of Hillshoro'. N.
C., to Chapel Hill, the University of North Carolina. 10.2 miles. Gauge, 3 ft. Built partly by contributions from
the R. & D. Co., which owns 168 shares of its capital stock, having a par value of $16,800. Capital stock, 525,000.
Operations not reported.
^shington
granted to extend the road to the Ohio River at Mt. Pleasant, W. Va., a total distance of 325 miles. Road com-
pleted to Round Hill in 1874. Sold under foreclosure in April, 1882, and company reorganized as Washington and
Western RR. Co. Purchasers defaulted in payment of balance of purchase money, and road agaiu sold May 9,
1883, the purchasers at that sale organizing the present company June 12. 1883. Leased October 31. 188(i. for 999
years, to the Richmond and Danville RR. Co., and entire capital stock subsequently acquired by the Richmond
and West Point Terminal Ry. and Warehouse Co. Operated in connection with the Virginia Midland Hy.: rental,
35 per cent, of gross earnings, bond interest guaranteed. (Jro-s earning for year endinir October 31. 18S6. $113,-
769.03 ; operating expenses for same period. SSO.97ti.74 : net earnings. «32.792.29. Capital stock. $1.250.000. The
$1,250,000 6 per cent, bonds of 1924 have been retired and an equal amount of 4 per cent, first mortgage bonds,
guaranteed by the Richmond and Danville RR. Co. .issued in their place. AKCHEIIN. MARTIN, President ; Charles
E. Kimball, Secretary and Treasurer, New York, N. Y. CORPORATE OFFICE, Alexandria, Va.
POOR'S MANUAL OF RAILROADS.
631
Board of Directors E. & D. RE. Co., elected December 16, 1886.
E. D. Christian Richmond, Va.
J. H. Dooley Richmond, Va.
Thomas M. Logan .. . Richmond, Va.
James B. Pace Richmond, Va.
R. K. Dow New York, N. Y.
H. M. Flagler New York, N. Y.
John H. Inman New York, N. Y.
Emanuel Lehman. .New York, N. Y.
John G. Moore New York, N. Y.
Isaac G. Rice New York, X. Y.
J. A. Rutherford.. New York, N. Y.
George F. Stone. . .New York, N. Y.
ALFRED SULLY, President New York, N. Y.
1st Vice-President— T. M. Logan New York, N. Y.
Vice- President— James H. Dooley Richmond, Va.
Vice- President— A.. B. Andrews Raleigh, N. C.
General Manager— IS. B. Thomas Washington, D. C.
Secretary— R. Brooke Richmond, Va.
Asst. Sec. <fe Treas.—W. E. Turner Richmond, Va.
Vice-President— Henry Fink New York, N. Y. | Comptroller-^. A'. Barber. '.'.Washington, D. C.'
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
New York Office United Bank Building, 2 Wall Street.
Financial Agency : Central Trust Company 15 Nassau Street, New York, N. Y.
RICHMOND, FREDERICKSBURG AND POTOMAC RAILROAD COMPANY.
Main Line of Road. — Richmond, Va., to Quantico (Acquia Creek), Va 80.00 miles.
Leased : Potomac RR.: Quaiitico to Junction 1.70 miles.
Total length of line operated 81.70 miles.
Sidings, etc., 11.30 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs.
History. — Chartered February 25, 1834 ; road opened from Richmond to Fredericksburg
January 23, 1837 ; TO Quantico, September 30, 1872. The Connection RR. was opened Au-
gust, 1867 ; the Potomac RR. May 1, 1872. A union depot has been erected at Richmond, at
the joint expense of the Richmond and Petersburg RR. and this company.
Rolling Stock, September 31, 1886. — Locomotive engines, 18. Cars — passenger, 15 ; bag-
gage, mail and express, 9 ; freight (box, 50; platform, 47; coal, 1; caboose, 10), 108 ; ser-
vice cars, 18 — total cars, 150.
Operations for year ending September 30, 1886.— Train mileage — passenger, 193,055 ;
freight, 123,951 ; other, 10,920— total, 327,926 miles. Passengers carried, 215,125 ; carried
one mile, 9,719,246 ; average mile rate, 2.64 cents. Tons freight moved, 220,037 ; moved one
mile, 12,506,027 ; average ton-mile rate', 1.37 cents.
Earnings.— Passenger $257,077 34
Freight 168,512 75
Mail 53,522 65
Express 20.26665
Miscellaneous and Rents 6,032 75
Expenses.— Transportation $113,537 68
Motive Power 39,35641
Maintenance of Cars 18,754 48
Maintenance Wayjand Buildings. 74,028 84
General 25,859 13
Total ($6,186.20 per mile) $505,412 14 Total ($3,323.58 per mile) $271,536 54
Net earnings (46.27 per cent.), $233,875.60. Payments : Interest, $50,369.01 ; dividends
on guaranteed stock, $34,835— total, $85,204.01. Balance, surplus, $148,671.59 ; add surplus
from 1885, $166,408.28— total surplus, $315,079.87. Against which was charged legal ex-
penses and back taxes, $2,866.53, and amount decreed to holders of guarateed stock by Cir-
cuit Court of Richmond, $332,439.50— total, $335,306.43. Balance, deficit, as per general
balance sheet, $20,226.56.
General Balance Sheet, September 30, 1886.
Cost of Road and Improvements $3,112,583 99
Investment in Sleeping Car Trust 25,000 00
Materials and Fuel on Hand 18,250 26
Bills Receivable 23,008 43
Potomac Railroad Company 120,851 61
Current Accounts 142,495 05
Cash on Hand 31,135 37
Profit and Loss ... 20,22656
Common Stock $1,030,100 00
Guaranteed Stock 500,400 00
Dividend Obligations and Scrip :
Issued to Common Stockholders 721,OTO 00
Issued to Guaranteed Stockholders 350,280 00
Funded Debt Outstanding 817,811 23
Bills and Accounts 73,890 04
Total Assets $3,493,551 27 Total Liabilities $3,493,551 27
The guaranteed stock consists of $481,100 7 per cent, and $19,300 6 per cent. At the
annual meeting for 1881, the company decided to issue dividend certificates entitled to equal
dividends witu the common stock, to holders of common stock for the amount of net earn-
632 POOE'S MANUAL OF RAILROADS.
ings which had been previously expended in improvements and credited to profit and loss ac-
count, being $755,039.10, or about 70 per cent, of amount of common stock. On April 17,
1884, the Supreme Court of Virginia ordered the company to pay similar dividend obligations
to holders of guaranteed stock, and the same cash dividend thereon as had been previously
paid on those issued to common stockholders. On December 6, 1884, under decree of court,
$43,300 dividend obligations and $3.664.67 cash dividends were issued to guaranteed stock-
holders, and in September, 1886, under decree of the Circuit Court of Richmond, the remain-
der of the 7-i per cent, was issued or credited to guaranteed stockholders.
Since the close of the fiscal year (on January 1, 1887,) a dividend of 6 per cent, on the
stock and dividend obligations was paid out of the surplus earnings of the past year.
Funded debt, September 30, 1886 :
Mortgage 5 p. c. coupon bonds, due (London), 1901, interest payable Jan. and July . $248,189 43
Mortgage 6 p. c. coupon bonds, due (London), 1895, interest pay able Jan. and July. 9,418 80
Mortgage 6 p. c. coupon bonds, due 1901, interest payable May and November. . . 300,000 00
Mortgage 8 p. c. coupon bonds, due 1890, interest payable January and July 150,000 00
Mortgage 7 p. c. conv. coup, bonds, due 1895, interest payable January and July. 110,203 00
The above bonds are all first mortgage with the exception of $23,490.25 of the 5 per
cent, bonds due in 1901, interest on $57,327.60 of which is payable at London, Eng. Interest
on 8 per cent, mortgage bonds is payable at Richmond, Va., and Philadelphia, Pa., and on all
other bonds at Richmond, Va.
Annual meeting third Wednesday in November ; books close 10 days prior thereto.
Books close 10 days prior to payment of dividends.
Dividend obligations stand upon precisely the same footing as the common stock, except
that they do not carry voting power. They are entitled to share equally in any dividends that
may be declared.
POTOMAC RAILROAD.— Ouantico, Va.,toR.,P. & P. Junction, 1.70 miles: sidings. 0.17 mile. Opened
May 1, 1872. Leased by. R., F. & P. RR. Capital stock, $2,000; advances by lessee (at six percent.), gl20,851.61
— total, representing cost of road, etc., 8182,851.61. CHARLES CHAUNCEY, President, Philadelphia, Pa.
Board of Directors R., F. & P. RR. Co., elected November 17, 1836.
W.T.Walters Baltimore, Md. M. Robinson, Jr Richmond, Va.
B. P. Newcomer Baltimore, Md. Wm. H. White ..Richmond, Va.
State Director— L. B. Anderson Richmond, Va.
J. P. BRINTON, President Richmond, Va.
Secretary & Treasurer— J. B. Winston.. Richmond, Va. | Gen. Superintendent— E. T. D. Meyers.. Richmond, Va.
PKIXCIPAL OFFICE Richmond, Va.
RICHMOND, FREDERICKSBURG AND POTOMAC AND RICHMOND AND
PETERSBURG CONNECTION RAILROAD COMPANY.
Line of Road.— In Richmond, Va 1.25 miles.
Sidings, 0.12 mile. Gauge, 4 ft. 8* in. Rail, 56 Ibs. Road opened in August, 1867.
Operations for year ending September 30, 1886.— Not reported. Earnings— passenger,
$10,883.17; freight, $4,553.65 ; miscellaneous, $561.55— total, $15,998.37. Operating ex-
penses, $972.75. Net earnings, $15,026.62. Paid dividends (November 1, 1885, and May 1,
1886, each 3£ percent.), $14,000; interest on debt, $274.17— total,$14,274.17. Surplus, $757. 08.
Financial Statement, September 30, 1886.— Capital stock, $200,000 ; floating debt, $7,-
000— total, $207,000. Cost of road, etc., $139,977.32.
Directors. — W. W. Crump, Charles Ellis, Frederick R. Scott, Geo. N. Woodbridge,
Joseph P. Brinton, Richmond, Va.
E. T. D. MYKRS, President, Superintendent and Engineer... . Richmond, Va.
J. B. Winston, Secretary and Treasurer Richmond, Va.
PKINCIPAL OFFICE AND ADDRESS Richmond, Va.
POOR'S MANUAL OF RAILROADS.
633
RICHMOND AND PETERSBURG COMPANY.
Line of Road.— Richmond, Va., to Petersburg, Va 22.50 miles.
2d track, 2.33 miles ; sidings, etc., 3.08 miles. Gauge, 4 ft. 8£ in. Riiil (steel) 56 Ibs.
History.— Chartered February 25, 1834 ; road opened February 13, 1835.
Boiling Stock, September 30, 1886.— Locomotive engines, 7. Cars— passenger, 8 ; bag-
gage, mail and express, 4 ; freight (box, 40 ; platform, 24 ; stock, 5), G9— total cars, 81. Also
19 construction cars.
Operations for year ending September 30, 1886.— See tabulated statement below.
Earnings.— Passenger $91,22542
Freight 93,717 49
Mail 12,538 40
Express 5,590 69
Miscellaneous 4,382 10
Expense*.— Transportation $36,789 91
Motive Power 25,&50 12
Maintenance of Cars 15,920 35
Maintenance Way and Buildings 1? 482 00
General... 19.812 96
Total ($9,429.73 per mile) $207,454 10 Total ($5,084.33 per mile) $111,855 34
Net earnings (46.04 per cent.), $95,598.76. Add — premium on bonds sold, $12,649 ; in-
terest aud dividends, $1,353.67— total, $109,601.43. Payments : Interest on bonds, $22,-
062.50 ; on debt, $400 ; dividends Nos. 38 and 39, January and July, $50,000 ; expenses on
bonds, $20.80— total, $72,483.30. Balance, surplus for year, $37,118.13. In January, 1887,
a dividend of three per cent, was paid.
Statements of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles
40.281
32,275
114,651
2,176,390
99.049
2,047,436
$
154,622
81,551
38,190
30,893
121,224
2,281,321
116,120
2,465.876
ft
164,198
85,099
51,614
31,821
127,630
2,457,617
ia%364
2,746,449
$
185,905
99,979
43,976
30,107
122,672
2,523,468
114,935
2,370,582
$
174,378
117,782
52,463
30,084
141,882
2,995,991
103.162
2,168,779
$
182,821
104,570
65,320
29,693
150,473
3,206,840
118,471
2,530,279
$
195,369
108,300
74,428
28,976
112,229
3,173,137
124,223
2,657,205
$
192,651
97,482
76,691
29.402
150,570
3,156,185
164,139
3,185,663
8
207,454
111,855
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses ...
Net Earnings
73,071
22,550
(4) 40,372
10,149
6,227 25
3,288 40
2,938 85
52.74 p. c.
79,099
17,874
(4) 40,372
20,853
6,612 90
3.427 27
3,183 63
51.82 p. c.
85,926
16.100
(6) 60,558
9,267
7.487 13
4,026 a3
3,460 80
53.54 p. c.
56,696
16.954
(3) 30,279
9,463
7,022 88
4,743 52
2,279 36
67.55 p. c.
78,245
15,888
(2i) 25,232
37,125
8,125 38
4,647 80
3,477 58
57.20 p. c.
87,069
20,926
(5) 50,465
15,678
8,6&S 09
4,813 33
3,869 76
55.43 p. c.
95,169
21,326
(3) 50,000
23,843
8,562 26
4,332 52
4,229 74
50.60 p. C.
95.599
22,063
(5) 50,000
Interest
Dividends ....
Surplus
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
9,429 73
5,084 as
4,345 40
53.96 p. C.
General Balance Sheet, September 30, 1886.
Cost of Road, Equipment, etc $1,243,193 33
Additions and Improvements 265,647 40
A. C. L. Sleeping Car Trust 6,800 00
Accounts and Cash Assets 29,593 41
Cash on Hand... 11,47906
Capital Stock $1,000,000 00
Funded Debt Outstanding ... 370,000 00
Accounts and Balances 46,505 00
Unpaid Dividends 21000
Profit and Loss 139,99753
Total Assets $1,556,713 20 Total Liabilities $1,556,713 20
Funded debt consisted, September 30, 1886, of —
1st mortgage 8 per cent, bonds, due April 1, 1885-6, interest April and October $1,000
Consol. mtg. 7 per cent. 40-year bonds, due May 1, 1915, interest May and November 50,000
Consol. mtg. 6 per cent. 40-year bonds, due May 1, 1915, interest May aud November. 319,000
Directors (elected November 30, 1886).— H. Walters, Wilmington, N. C.; H. K. Ellyson,
Richmond, Va.; D. W. Lassiter, Petersburg, Va.; W. T. Walters, Baltimore, Md.; R. R.
Bridgers, Wilmington, N. C.
FBEDEUICK R. SCOTT, President Richmond Va.
Secretary <& Treas.—M. W. Yarrington. Richmond, Va.
Gen. Svpt.—'E. T. D. Myers Richmond, Va.
Asst. Auditor— W. R. Jones Richmond, Va.
General'Manamr—'B. Walters Wilmington, N. C.
Superintendent— R. M. Sully Petersburg, Va.
PRINCIPAL OFFICE AND ADDKESS Richmond, Va.
634 POOB'S MANUAL OF BAILROADS.
RICHMOND AND WEST POINT TERMINAL RAILWAY AND WARE-
HOUSE COMPANY.
History. — Incorporated by Act of Virginia Legislature passed March 8, 1880, with au-
thority to acquire stocks and bonds of railroad companies in the States of North Carolina,
South Carolina, Tennessee, Kentucky, Georgia, Alabama, Mississippi, and other States. It
was organized in the interest of the llickmond and Danville HR. Co. for the purpose of ac-
quiring railroads not directly connecting with the Richmond and Danville RR., the charter
of the latter prohibiting it from owning stock in any but connecting lines. Amendments to
its charter permitted it to increase its capital stock without limit, to consolidate with other
companies, and to change its name at will to Richmond, Danville and Southern Railway
Company.
The capital stock was increased several times till October, 1881, when it amounted to
$3,000,000, of which the Richmond and Danville RR. Co. owned $1,510,000. On January 16,
1882, it was increased to $5,000,000, stockholders having the privilege of subscribing for new
stock at par to the extent of two thirds of their holdings. On the llth of May, 1882, a further
issue of $10,000,000 stock was sold to stockholders at the rate of $25 per share and in the
proportion of two shares of new for one of old. This latter issue made the total amount of
the capital stock $15,000,000, on which the company realized $7,500,000 in cash. Of the
$15,000,000 the Richmond and Danville RR. Co. owned $7,510,000.
Shortly after its formation the company acquired control of various railroads in the South,
having an aggregate mileage of 729 miles, and represented by $5.691,900 of stocks, which
cost the Terminal Co. an average of less than $10 per share. To this mileage was subse-
quently added that of the Virginia Midland Railway, the Terminal Co. paying $3,500,000 for
$577,790 common and $2,910,600 preferred stock of the Virginia Midland Ry. Co. In No-
vember, 1881, the preferred stock was retired by exchange for an equal amount of income
bonds and of common stock, and the common was increased by the issue of two new shares
to every one held. This arrangement gave to the Terminal Company $2,910,600 of income
bonds of the Virginia Midland Ry. Co., and increased its holding in the common stock of that
company to $4,066,180. The mileage owned and controlled in the Terminal system has been
increased since 1881 by the extension of lines then controlled, or by the acquirement of others,
till on March 1, 1887, it equalled 4,267 miles of railroad and 200 miles of water lines, as
follows :
Rnoxville and Augusta RR 16 miles.
The Georgia Pacific Railway 382 miles.
E. Tennessee, Virginia & Georgia System. . .1,428 miles.
Total Rail Miles 4,267 miles.
Water Lines (Bait., Ches. & Rich. S. B.). . . . 200 miles.
Total Rail and Water Lines 4,467 miles.
Richmond & Danville RR. and leased lines. 858 miles.
Richmond and Mecklenburg RR 31 miles.
Virginia Midland Ry 413 miles.
Wafhington, Ohio and Western RR 50 miles.
Charlotte, Columbia and Augusta RR 373 miles.
Columbia and Greenville RR 296 miles.
Western North Carolina RR 290 miles.
A sheville and Spartan burg RR 70 miles.
North East RR. of Georgia 60jniles.
In April, 1886, the Richmond and Danville RR. Co. took lease of the Virginia Midland,
the Charlotte, Columbia and Augusta, the Columbia and Greenville, and the Western North
Carolina Railroads, intending to draw them from the control of the Terminal Co. Thereupon
parties interested in the Terminal Company began to purchase Richmond and Danville stock,
and on November 20, 1886, they acquired a majority. The price paid for this stock averaged
about $200 per share, or $6,500,000 for all the stock bought, payment to be made $5,000,000
in cash and $1,500,000 in new common stock. To provide means for this purchase the com-
pany issued $5,000,000 preferred stock and $9,000,000 common stock, stockholders receiving
$.'5,333.33 preferred stock and $5,000 common stock for every $10,000 held. This netted to
the company $5,000,000 for the $5,000,000 preferred and $7,500,000 common stock, leaving
the company $1,500,000 common stock to pay for the Richmond and Danville stock.
In January, 1887, the company acquired $6,000.000 of the first preferred stock of the
East Tennessee, Virginia and Georgia RR. Co., thereby obtaining the absolute voting control
POOR'S MANUAL — RICHM'D & WEST POINT TERMINAL RY. & WAREHOUSE CO. 635
of that company till July 1, 1891. The price paid for the stock was $4,400,000 cash. To
provide means for this purchase, for the purchase of the remaining shares of Richmond and
Danville stock, and of the stock and income bonds of the Washington, Ohio and Western
RR. Co., for the payment of floating debt, and for other purposes, the company on February
1, 1887, issued $8,500,000 10- year 6 per cent, collateral trust bonds and $16,000,000 common
stock.
Following are the securities owned by the company March 1, 1887 :
Western North Carolina RR., Common Stock $3,168,300
Bonds.
Virginia Mid. Ry. Co., 6 p. c. Income Bonds. $1,603,553
W.N. Carolina RR. Co., 6 p. c. 1st Consol Bds. 1,325,000
W. N. Carolina RR. Co., 6 p. c. 2d Mtg. Bds. 4,110,000
Spartanburg & Asheville RR., 6 p. c. Bonds. 368,000
No. East. RR. of Ga., 6 p. c. Gen. Mtge. Bds. 315,000
Knoxville & Aug. RR., 6 p. c. Mtge. Bonds. . 100,000
Blue Ridge RR. 7 per cent. Bonds 299,000
2,000
2,100
1,778,155
625,000
50,000
Oxford Township Bonds
Town of Oxford Bonds
The Ga. Pacific Ry., 6 p. c. 2d Mtge. In. Bds.
Wash., Ohio & Western RR., 6 p. c. In. Bds.
Ga. Pacific Equip. Trust Bonds
Total of Bonds Owned ._$10,577,808
Stocks.
East Tennessee RR., 1st Preferred Stock $6,500,000
Western No. Carolina RR., Preferred Stock. . 3,168,300
Columbia & Greenville RR., Preferred Stock. 1,000
Rich. & West Pt. Ter. Co., Preferred Stock.. 28.633
Virginia Midland Ry. Co., Common Stock 3,577,333
Char.. Columbia & Aug. RR., Common Stock
Columbia & Greenville RR., Common Stock.
Northeastern RR. of Ga., Common Stock
Knoxville & Augusta RR., Common Stock..
Danv'e, Mocksville & S. W. RR., Com. Stock
Richmond & Mecklenburg RR., Com. Stock.
Rabun Gap Short Line RR., Common Stock.
The Georgia Pacific Ry., Common Stock
Richmond and Danville RR., Com. Stock
Wash., Ohio & Western RR., Com. Stock. ..
Rich.& Dan.Ext'nsion Co.,Com. S'k, Full Pd.
Rich. & Dan. Extension Co., Common Stock,
90 per cent. Paid 2,607.150
American Construction Co 24,800
Richmond and West Point Ter. Co. for Ex-
change for R. & D. RR. Stock, etc 3,579,600
1,302,400
1,000,000
120,000
100,000
49,000
300,000
103,900
3,133,980
4,230,100
1,500,000
4,500
Total of Stocks Owned (Pref., $9,697,933 ;
Common, $24,801.63) $34,498,996
Total Bonds and Stock $45,076,804
Of these securities, the following are on deposit with the Central Trust Company of New
York, as security for the collateral trust loan :
Par Value.
Virginia Midland Ry. Co., Income Bonds $1,603,000
Virginia Midland Ry. Co., Stock 3,100,000
Western North Carolina RR. Co., First Consolidated Bonds 1,325,000
Western North Carolina RR. Co., Second Mortgage Bonds 4,110,000
Georgia Pacific Ry. Co., Second Mortgage Income Bonds 1,778,000
Columbia and Greenville RR. Co., Common Stock 1,000,000
Columbia and Greenville RR. Co., Preferred Stock 1,000
Richni'd & Danv'e RR. Co., St'k (when exchanged for Terminal Stock). 2,499,000
East Tennessee, Virginia and Georgia RR. Co., First Preferred Stock. . 6,000,000
$21,416,000 $18,639,210 $12,561,850
The valuation for the purposes of the agreement, as above stated, indicates the cash
amount at which the company may withdraw the securities from the trust.
On March 1, 1887, the company owned all but about $700,000 of the stock of the Rich-
mond and Danville RR. Co.
The aggregate cost to the company of the properties owned by it is shown in the general
balance sheet, but the details of the cost in each case are not given.
General Balance Sheet, March 1, 1887.
Market Value.
Valuation
for purpose of
agreement.
$1,554,910
$1,202,250
1,550,000
1,550,000
1,325,000
993,750
1,644,000
822,000
1,066,800
444,500
500,000
250,000
500
350
4,998,000
2,499,000
6,000,000
4,800,000
Property, Stocks and Bonds $52,949,222 33
Bills Receivable 70,697 30
Advances to Companies controlled 517,046 55
Unpaid Stock Subscriptions 17,666 67
Cash on Hand... 25,11566
Common Stock $40,000,000 00
Preferred Stock 5,000,00000
Collateral Trust Bonds 8,500,000 00
Bills Payable 75,000 00
Profit and Loss 4,748 51
Total Assets $53,579,748 51 Total Liabilities $53,579,748 51
The collateral trust bonds are for $1,000 ejich, dated February 1, 1887, run for ten years,
and bear 6 per cent, interest, payable on the 1st days of February and August. They are
redeemable before maturity at 105 and accrued interest, upon thirty days' notice. Trustee,
Central Trust Co., New York, N. Y.
636 POOR'S MANUAL OF RAILROADS.
Preferred stock is entitled to 5 per cent, cumulative dividends. Stock and bonds are
listed on the New York Stock Exchange. Annual meeting, second Tuesday in December.
Books close about two weeks before, and reopen the day after the meeting. Registrar of
stock, Central Trust Co.; transfer agent, Union Trust Co., New York, N. Y.
Directors. — T. M. Logan, James B. Pace, E. D. (Tiristian, Richmond, Va. ; George F.
Stone, Henry M. Flagler, Calvin S. Brice, Edward Lauterbach, George S. Scott, Samuel
Thomas, John G. Moore, Alfred Sully, J. A. Rutherford, John H. Inman, Simou Worinser,
Emanuel Lehman, J. L. Rice, New York, N. Y.; R. K. Dow, Claremont, N. H.
ALFKED SULLY, President 2 Wall Street, New York, N. Y.
T. M. Logan, Vice-President Richmond, Va.
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
ROME RAILROAD COMPANY.
Line of Road. — Kingston, Ga., to Rome, Ga 20 miles.
Sidings, 1.5 miles. Gauge, 4 ft. 9 in. Rail, 56 Ibs.
History.— Chartered in 1837, and road opened in December, 1848.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2 ; baggage, etc., 1; freight
(box, 5 ; and platform, 4), 9 — tot'l, 12. Also, 4 lever, and 2 push cars.
Operations for year ending June 30, 1886. — Earnings — passenger, $11,548.45 ; freight
$24,910.24 ; mail and express, $1,153.49 ; miscellaneous, $2,206.85— total, $39,819.03. Ex-
penses— maintenance of way, $12,021.68; of cars, $746.10; motive power, $6,475.34; trans
portation, $12,164.91 ; taxes and other, $5,259.81— total, $36,667.84. Net earnings, $3,151.19.
Financial Statement, June 30, 1886.— Capital stock, $250,843.75 ; bills payable, $13,-
035.19 ; sundry accounts, $8,097.40; profit and loss, $21,577.44— total, $293.553.78. Contra :
Cost of road, $250,843.75 ; equipment, $29,589 ; real estate, $5,000; wharf property, $5,125;
sundry assets, $2,840.46 ; cash, $155.27.
Directors (elected July 10, 1886).— D. M. Hood, D. S. Printup, Smiley S. Johnson, D. B.
Hamilton, Eben Hillyer, Rome, Ga.; Geo. Hillyer, Atlanta, Ga.; W. G. Raoul, Savannah, Ga.
EBEN HILLYER, Pres., Supt., See. and Treas Rome, Ga.
General Bookkeeper H. A. Patfillo. | Gen. Freight and Passenger Agent James A. Smith.
Road Master and Master Mechanic O. W. Harbin.
PRINCIPAL OFFICE AND ADDRESS Rome, Ga.
ROME AND CARROLLTON RAILROAD COMPANY.
Line of Road as Projected. — Chattanooga, Tenn., to Carrolltou, Ga 140 miles.
Branches Proiectpd • \ Carrollton, Ga., to Columbus, Ga
' \ Carrollton, Ga., to Montgomery, Ala
Completed : Rome, Ga., to Cedartown, Ga 22 miles.
Sidings, 1.5 miles. Gauge, 3 feet. Rail (steel), 35 Ibs.
History.— Chartered August 3, 1881 ; amended October 7, 1885, and December 24, 1886.
The gauge will be changed to standard and the road put under construction from Chatta-
nooga, Tenn., to Carrollton, Ga., by June, 1887.
Rolling Stock, — Locomotive engines, 2. Cars — passenger, 2 ; baggage, etc., 1 ; freight,
16— total, 19.
Financial Statement.— Capital stock authorized (par, $100), $10,000,000.
Annual meeting, first Monday in May.
Directors.— J. D. Williamson, John H. "Reynolds, T. F. Howell, D. B. Hamilton, J. W.
Rounsaville, E. T. McGhee, W. T. Me Williams, R. T. Fouch6,Rome, Ga. ; Samuel M. Carter,
D. Bukofzer, Dalton, Ga.; S. L. Pryor, Tenn.; J. Bierhoff, B. Neumoegen, New York, N. Y.
J. D. WILLIAMSON, President Rome, Ga.
Secretary— K. T. Fouch6 Rome, Ga. | Treasurer— John H. Reynolds Rojne, Ga.
PRINCIPAL OFFICE AND ADDRESS Rome, Ga.
POOR'S MANUAL OF RAILROADS.
ROME AND DECATUR RAILROAD COMPANY.
637
Line of Projected Road. — Rome, Ga., to Decatur, Ala 135 miles.
Gauge, 4 feet 8^ inches.
Of this line the section from Borne to Attalla, Ala., 61 miles, is now under contract;
in operation at both ends — from Rome west to Cedar Bluffs, 25 miles, and from Attalla east
to Turkeytown, 16 miles ; gap to be closed and line opened throughout during summer of
1887. Rolling stock consists of 2 locomotives, 1 passenger car, 1 combination car, 10 gon-
dolas, and 6 flat cars. The road is bonded at the rate of $15,000 per mile, first mortgage
6 per cent. 40-year $1,000 gold bonds, due December 1, 1926, interest payable June and De-
cember at the office of the American Loan and Trust Co., New York.
Directors.— John C. Printup, T. F. Howell, C. D. Forsyth, J. M. Gregory, T. J. Wil-
liamson, S. M. Knox, Joseph J. Priqtup, Rome, Ga. ; George H. Pell, William P. Groveoteen,
E. A. Drake, John C. Calhoun, New York, N. Y.
JOHN C. PRINTUP, President Rome, Ga.
George H. Pell, Vice- President New York, N. Y.
Treasurer— C. P. Currie New York, N. Y. | Secretary— Joseph J. Printup Rome, Ga.
PRINCIPAL OFFICE AND ADDRESS Rome, Ga.
ROSWELL RAILROAD COMPANY.
Line of Road. — Roswell, Ga., to Roswell Junction, Ga 9. 25 miles.
Gauge, 3 ft. Rail, 30 Ibs.
History. — Chartered April 10, 1863 ; road opened September 1, 1881. At Roswell Junc-
tion it connects with the Richmond and Danville RR.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; box, 2 ; platform, 4.
Operations for year ending September 30, 1885. — Not reported. Earnings— passenger,
$1,460.77; freight, $6,067.47; other, $479.27— total, $8,007.51. Expenses, $6,494.48. Net
earnings, $1,513.03.
Financial Statement, September 30, 1884 (latest furnished). — Capital stock (par, $100),
$40,000 ; funded debt, 1st mortgage 7 per cent. 20-year $500 coupon bonds, due January 1,
1900, interest January and July, $35,000, secured on the entire property of the company ;
bills payable, $5,500— total, $80,500. Contra : Cost of road, etc., $81,296.27.
Annual meeting, Monday before second Wednesday in November.
Directors. — F. J. Minbinnett, Roswell, Ga.; E. Berkeley, G. S. Barnum, C. W. Chears,
Atlanta, Ga.
JAMES W. ROBERTSON, President Roswell, Ga.
Treasurer— W. E. Turner Richmond, Va. | Secretary— ~R. Brooke Richmond, Va.
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
ST. JOHN'S RAILWAY COMPANY.
Line of Road.— Tocoi (St. John's River), Fla., to St. Augustine, Fla 15 miles.
Sidings and other tracks, 0.52 mile. Gauge, 4 f i. 8£ in. Rail, 35 Ibs.
History. Chartered in 1856, and built with wooden rail in 1873. In 1876 road laid with
iron.
Rolling Stock.— Locomotive engines, 2. Cars— passenger, 3 ; baggage, mail, etc., 4 ;
freight, 9 — total, 15.
Operations for year ending April 1, 1887.— Not reported. Earnings— passenger, etc.,
$15,882.24 ; freight, $7,387.43— total, $23,269.67. Operating expenses, $13,044.13. Net earn-
ings, $11,225.54.
Financial Statement, April 1, 1882.— Capital stock, $110,000 ; funded debt 1st mortgage
638 POOR'S MANUAL OF RAILROADS.
10 per cent, bonds, 1875-1885, $103,000— total, $218,000. Contra : Cost of road, $124,501.17 ;
stocks and bonds, $27,000. The company also owns 60,000 acres of land.
ST. AT7G-TJSTINE AND PALATKA RAILWAY. —Junction, Fla., to Palatka, Fla., 23 miles.
Chartered September 1, 1885 ; road opened 1886. Financial /Statement.— Capital stock ($250,000 authorized), $225,-
McLa
tne,
ton,
Directors (elected April 1, 1883). — Wm. Astor, Chas. Lanier, New York City, N. Y. ;
John Westcott, St. Augustine, Fla. ; John Stockton, Richard McLaughlin, Jacksonville, Fla.
RICHARD MCLAUGHLIN, President and Supt Jacksonville, Fla.
Treasurer— John Stockton Jacksonville, Fla. | Secretary— John Westcott St. Augustine, Fla.
PRINCIPAL OFFICE AND ADDRESS Jacksonville, Fla.
SANDERSVILLE AND TENNILLE RAILROAD COMPANY.
Line of Road. — Tennille, Oa. , to Sandersville, Ga 3.5 miles.
Sidings and other tracks, 0.25 mile. Gauge, 5 ft. Rail (old), 50 Ibs.
History. — Chartered March 4, 1875 ; road opened October 1, 1876.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; baggage, 1. Uses freight
cars owned by Central RR. of Georgia.
Operations for year ending July 31, 1886. — Train mileage, etc., not reported. Earnings
—passenger, $2,544.15; freight, $4, 673. 91; other, $287.40— total, $7,505.46. Expenses, $6,-
573.66. Net earnings, $931.80 ; other receipts, $216.70— available revenue, $1,148.50. Paid
dividends, $445.90. Balance, surplus, $702.60 ; surplus from last year, $82.69— total sur-
plus, $785.29.
Financial Statement, July 31, 1886. — Capital stock, $12,400 ; funded debt (authorized,
$10,000), $7,450— total, $19,850. Cost of road, $15,000; rolling stock, $7,000; real estate,
etc., $2,500 ; stock and bonds, $350 ; materials and fuel, $500— total, $25,350.00. Excess of
assets, $5,500. Funded debt consists of 7 per cent. 20-year bonds due the City of Sanders-
ville, dated 1876. Amount of capital stock authorized, $50,000.
Annual meeting, first Monday in August. Books close for meeting and dividends 30
days prior thereto. Voting power attaches to stock after 30 days' ownership. Registrar of
stock, H. N. Hollifield. >
Directors (elected August 2, 1886).— C. R. Pringle, M. Newman, R. L. Warthen, B. D.
Evans, J. N. Gilmore, A. Matins, H. N. Holifield, Saudersville, Ga.
C. R. PRINGLE, President Sandersville, Ga.
Treasurer— G. D. Warthen Sandersville, Ga. General freight Agent— J. B. Wicker. Sandersville, Ga.
Secretary— R. N. Hollifield Sandersville, Ga. General Superintendent — J. J. Irvvin . . Sandersville, Ga.
PRINCIPAL OFFICE AND ADDRESS Sandersville, Ga.
SAVANNAH, FLORIDA AND WESTERN RAILWAY COMPANY.
Main Line of I? oad.— Savannah, Ga., to Junction Pens, and Atlantic RR., Fla. 258 miles.
Jacksonville Branch : Waycross, Ga., to Jacksonville, Fla 75 miles.
Gainesville Branch : Depont, Ga., to Gainesville 119 miles.
Albany Branch : Thomasville, Ga., to East Albany, Ga 58 miles.
Bainbridge Branch : Bainbridge Junction to Bainbridge, Ga ... 9 miles.
Lake City Branch : Fort White, Fla., to Lake City, Fla 20 miles.
Savannah Branch : Extension to Wharves 2 miles.
Junction Branch : Savannah to Central RR. of Ga 4 miles.
Total length of lines owned December 31, 1886 545 miles.
Sidings, etc., 73 miles. Gauge, 4 ft. 9 in. Rail (steel, 491 miles), 50 and 60 Ibs.
History. — On the 7th of March, 1884, the present company was formed by the consolida-
tion of the Waycross and Florida, the East Florida, the Live Oak and Rowland's Bluff, the
Chattahoocb.ee and East Pass, and the Live Oak, Tampa and Charlotte's Harbor RR. Cos.,
POOR'S MANUAL OF RAILROADS.
639
with the Savannah, Florida and Western Ry. Co. (For terms of consolidation and full his-
torical sketch of all these lines, see MANUAL for 1885, page 446.) During the past year, the
the company has constructed the Lake City branch.
Rolling Stock, December 31, 1886. — Locomotive engines, 68. Cars— passenger, 43; bag-
gage, mail and express, 41 ; freight (box, 616 ; platform, 454 ; stock, 27), 1,097 ; service cars,
5— total cars, 1,186.
Operations for year ending December 81, 1886.— See tabulated statement below.
Earnings.— Passenger $797,093 23
Freight and Express J, 325,457 11
Mail 103,1(3952
Miscellaneous 332,157 20
Expenses— Transportation $605,983 83
MotivePower 423,220 81
Maintenance of Cars 238,238 90
Maintenance Way & Buildings. 496,036 42
General 859,596 07
Total ($4,693.24 per mile) $2,557,817 06 Total ($3,895.55 per mile) $2,123,070 03
Net earnings (17.00 per cent.), $434,741.03. Payments : Interest on funded debt, $295,-
400; interest on floating debt, $18,707.32 ; other, $24,144.43— total, $338,251.75. Surplus,
$96,489.28; surplus from last year, $13,325.43— total, $109,814.71.
General Balance Sheet, December 31, 1886.
Cost of Road, Equipment, etc $10,600,059 65
Materials and Fuel on Hand 150,689 34
Current Accounts 236,169 00
CashonHand 70,48522
Capital Stock (par, $100) $5,721,100 00
Funded Debt Outstanding 4,640,000 00
Bills Payable 18,60003
Current Accounts and Liabilities 567,888 47
Profit and Loss 109,814 71
TotalAssets $11,057,403 21 Total Liabilities.
Statement of operations, capita] accounts, etc., for six years :
.$11,057,403 21
1881
1882
1883
1884
1885
1886
Miles of Railroad
347.10
348.50
479.53
515.40
525.80
545 00
Passenger Train MJles
436,655
548,213
690,065
773,588
851,949
1,037,358
Freight Train Miles
437,102
472,271
642,139
718,762
775,274
810,000
Passengers Carried
203,255
209,033
352,070
346,219
388,629
422,572
Passengers Carried one Mile
10,219,877
15,009,056
20,842,466
22,460,993
27,075,1568
26,920,141
Tons Freight Moved
348,053
437,273
560,807
551,615
632,797
687,839
Tons Moved one Mile
27,925,220
48,531,117
31,506,092
63,495,038
76,568,437
81,339,047
Passenger Earnings
$
266,699
$
378,968
$
604,883
$
707,794
8
779,474
8
797,093
Freight Earnings
850,674
* 925,079
* 1,176,299
* 1,169,070
* 1,308,732
* 1,325,457
Other Earnings
204,056
371,771
361,954
362,339
373,407
435,267
Gross Earnings
1,321,429
1,675,818
2,143,136
2,239,809
2,461,613
2,557,817
Operating Expenses
1,052,606
1,317,055
1,766,734
1,859,102
1,996,957
2,123,076
Net Earnings . .... ....
268,823
358,763
376,402
380,707
464,656
434,741
Gross Earnings per Mil6
3,807 05
4,808 66
4,409 24
4,345 47
4,681 65
4,093 24
3,032 57
3,779 21
3,684 30
3,608 50
3,797 94
3,895 55
Net Earnings per Mile
774 48
1,029 45
784 94
736 97
883 71
797 69
Expenses to Earnings
Earnings per Pass . per Mile
79.66 p. c.
2.610 c.
78.59 p. C.
2.525 C.
82.44 p. c.
2.902 C.
83.00 p. c.
3.150 c.
81.12 p. c.
2.879 c.
83.00 p. c.
2.961 C.
Earnings per Ton per Mile
Capital Stock
3.046 c.
$
2,000,000
2,109,000
.,,....
2,331,800
1.730C.
5,155,500
1.610C.
$
5,340,300
1.630 C.
$
5,721,100
Bonded Debt
2,705,000
2,705,000
2,705,000
4,377,000
4,390,000
4,640,000
Bills and Accounts
593,825
518,917
809,112
588,009
408,694
586,489
Profit and Loss
130,978
164,317
3,521
31,716
200,236
109,815
Total Liabilities
5,429,803
5,497,234
5,849,433
10,152,825
10,339,230
11,057,404
Construction, etc
5,143,682
5,103,280
5,396,784
9,751,421
9,936,744
10,600,000
Cash and Cash Assets
281,121
393,954
452,649
401,404
402,480
457,344
Total Assets
5,429,803
5,497,234
5,849,433
10,152,825
10,339,230
11,057,404
* Including express earnings.
Funded debt consisted, December 31, 1886, of :
Istmtg. (S., F". & W. Ry.), 6 per cent. 50-year coup, bonds, due April 1, 1934, int. April and Oct $2,188,000
2d mortgage (S . , G. & F.), 7 per cent. 30-year coup, bonds, due May 1, 1899, interest May and Nov 2CO,000
The 6 per cent, first consolidated mortgage bonds ($6,500,000 authorized) were issued in
640 POOR'S MANUAL OF RAILROADS.
exchange for the branch lines' bonds, and $2,666,000 are held by trustees to retire all prior
issues.
Annual meeting first Wednesday in March. Interest payable at Savannah, Ga., and New
York City. Dividends payable at Savannah, Ga.
DIVIDENDS : May 13, 1881 (2 per cent, from operations of S., F. & W., in 1879, and 7 per
cent, from operations of 1880), 9^ per cent.; March 31, 1882, 6£ per cent.; March 15, 1883, 7
per cent.; and March 31, 1884, 4 per cent.
Directors (elected March 3, 1886).— Henry B. Plant, M. J. O'Brien, Henry Sanford, M. K.
Jesup, New York, N. Y.; W. S. Chisolm, H. S. Hainep, J. H. Estill, Savannah, Ga.
HEKHY B. PLANT, President No. 12 W. 23d Street, New York, N. Y.
W. S. Chisolm, Vice-President Savannah, Ga.
Secretary— R B. Smith New York, N. Y. | Treasurer— J . M. Lee Savannah, Ga.
General Manager — H. S. Haines Savannah, Ga.
PRINCIPAL OFFICE AND ADDRESS Savannah, Ga.
SAVANNAH, GRIFFIN AND NORTH ALABAMA RAILROAD COMPANY.
Line of Road.— Griffin, Ga., to Carrollton, Ga 60 miles.
Sidings and other tracks, 3.43 miles. Gauge, 4 ft. 9 in. Kail (steel), 56 Ibs.
History. — Chartered February 11, 1854 ; road opened from Griffin to Newnan in 1870 ;
to Carrollton in 1872. Operated in connection with the Central RR. of Georgia.
Rolling Stock, — Locomotive engines, 2. Freight cars, 5. Chiefly supplied by Central
RR. Co.
Operations for year ending August 31, 1886. — Earnings — passenger, $18,317.14, freight,
$41,568.45 ; mail, $2,632.80— total, $62,518.39. Operating expenses (88.45 per cent.), $70,-
602.30. Deficit for year, $8,083.91.
Financial Statement, August 31, 1886.— Capital stock, $1,011,245; funded debt, 1st
mortgage 7 per cent. 20-year bonds, due July 1, 1891, $500,000; earnings, $62,518.39 ; inter-
est certificates, $1,287.78; other roads, $13,226.35 ; profit and loss, $103,288.54— total, $1,691,-
566.06. Contra: Construction, $1,606,662.94; bills and accounis, $3,976.10; expenditures,
$70,602.30 ; cash, $10,32472— total, $1,691,566.06.
Directors. — E. P. Alexander, Savannah, Ga.; Arthur Hutchiuson, Whitesburg, Ga.; John
D. Stewart, J. U. Horn, Griffin, Ga!; U. B. Wilkinson, H. J. Sargent, A. D. Freeman, New-
nan, Ga.; W. W. Merrill, W. W. Fitts, Carrollton, Ga.
E. P. ALEXANDER, President Savannah, Ga.
Secretary— Andrew Anderson Savannah, Ga. | Treasurer — Edw. Mclntyre Savannah, Ga.
PRINCIPAL OFFICE AND ADDRESS Savannah, Ga.
SEABOARD AND ROANOKE RAILROAD COMPANY.
Line of Road.— Portsmouth, Va., to Weldon, N. C 80 miles.
Sidings, 6 miles. Gauge, 4 ft. 9 in. Rail (steel, 80 miles), 50 Ibs.
History. — The portion of this company's railroad in Virginia was built by a corporation
known as the Portsmouth and Roauoke RR. Co. (chartered March 8, 18o2), and the North
Carolina portion by a corporation known as the Roanoke RR. Co. (chartered May 10, 1836).
Construction was begun in 1834, and 17 miles of the line, Portsmouth to Suffolk, completed
in the summer of that year, the entire line being opened for business in the spring of 1835.
In 1843 the North Carolina portion of the line was seized for debt, and in 1846 the Virginia
portion (toward the construction of which the State had made large contributions) was sold in
accordance with a legislative enactment, and purchased by the Board of Public Works for
$60,000. Subsequently new corporations were organized — in Virginia under the name of Sea-
board and Roanoke RR. Co. (chartered February 27, 1846), and in North Carolina under the
name of Roanoke RR. Co. (chartered January 15, 1847) ; and under authority of acts of the
POOR'S MANUAL— SEABOARD AND ROANOKE RR. CO.
641
respective legislatures these two corporations were consolidated, forming the existing corpo-
ration, February 22, 1849. By this company the line was wholly reconstructed and opened
November 10, 1851. During 1882 control was acquired of the Carolina Central RR., and in
connection with that line and the Raleigh and Gaston and Raleigh and Augusta Air-Line RRs.
(which are also controlled by the Seaboard and Roanoke RR. Co.), this company's road forms
what is known as the Seaboard Air-Line, in connection with which is also operated the fleet
of steamers of the Baltimore Steam Packet Co., plying between Baltimore, Norfolk, Ports-
mouth and Newport News. The Seaboard and Roanoke RR. Co. has also a large interest in
the Old Dominion Steamship Co., whose steamers supply the New York connection for the
Seaboard Air-Line.
Rolling Stock, February 28, 1887.— Locomotive engines, 25. Cars— passenger, 8 ; bag-
gage, mail, and express, 3 ; freight (box, 250 ; platform, 143 ; caboose, 8), 401 ; service cars,
7 — total cars, 419. Also, 1 steam-tug and 5 transfer barges.
Operations for year ending February 28, 1887.— See tabulated statement below.
Earnings.— Passenger $78,550 87
Freight 455,607 74
Mail and Express 11,375 44
Miscellaneous... 46,390 61
Expenses.— Transportation $202,797 42
Motive Power and Cars 45,352 22
Maintenance Way and Buildings. 66,913 62
General 60,700 20
Total ($7,540.44 per mile) ... $591 ,924 66 Total ($4,786.80 per mile) $375,763 46
Net earnings (36.52 per cent.), $216,161.20. Other receipts : Interest and dividends, $57,-
389.22. Available revenue, $273,550.42. Payments : Interest on bonds, $20,700; interest on
floating debt, $12,300.55 ; dividends, $138,840 ; other payments, $56.51— total, $171,897.06.
Surplus, $101,653.36.
Statement of operations for seven fiscal years ending February 21 :
1881
1882
1883
1884
1885
1886
1887
Passenger Train Mileage
58,490
271,754
38,388
1,996,176
273.224
13,661,200
8
586,549
390,842
50,060
271,230
41,111
2,481,852
342,270
17,113,500
8
646,163
454,734
52,160
290,940
60,806
3,344,330
372,147
18,607,378
692,525
519,522
49,612
314,890
69,262
3,016,790
332,065
18,263,375
$
666,526
479,748
49,296
334,723
68,832
2,985,558
294,824
23,585,920
s
644,323
538,827
58,609
325,728
61,36i
4,908,960
251,564
20,125,120
8
590,536
402,160
Freight Train Mileage
Passengers Carried
Passenger Mileage
Tons Freight Moved
Tonnage Mileage
Gross Earnings
8
591.924
375,763
Operating Expenses
Net Earnings
195,707
40,275
191,429
178,003
186,778
105,496
57,695
188,376
45,i31
216,161
948,069
Other Receipts
Available Revenue
235,982
13,608
103,898
7,331 86
4,885 52
2.446 34
66. 64 p. C.
3.82 c.
3.51 C.
191,429
29,193
91,356
8,077 04
5,684 18
2,392 86
70.38 p. c.
2.97 c.
3.13 c.
173.003
18,235
138,747
8,656 56
6,494 02
2.162 54
75.02 p. c.
2.58 C.
2.94 C.
186,778
163,191
14,116
' 138,320
8,054 03
6,735 34
1,318 69
83. 63 p. c.
233,607
7,381 70
5,027 00
2,804 70
68. 10 p. c.
1,164,230
33,001
114,420
7,54044
4,787 00
2,753 44
63. 48 p. c.
Paid— Interest
Dividends.... . . . . .
130,220
8,331 58
5,996 85
2,334 73
71. 98 p. c.
Gross Earnings per Mile
Operating Expense!" per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Average per Passenger Mile
Average per TonMile
General Balance Sheet, February 28, 1887.
Cost of Equipment, etc $2,315,354 35
Stocks and Bonds Owned 984,753 64
Materials and Fuel on Hand 9,280 63
Other Property and Assets 20,261 70
Current Accounts 103,81672
Cash on Hand... 129,07079
Common Stock (par, $100) ................. $1,058,700 00
Guaranteed Stock (par, $100)
2d Preferred Stock (par, $100)
200,000 00
44,200 00
Dividend Obligations ...................... 85,500 00
Funded Debt Outstanding ................. 882,104 00
Bills Payable .............................. 51,000 00
Current Accounts .......................... 66,049 96
Profit and Loss. . . .......... 1,184,983 87
Total Assets $3,562,537 83 Total Liabilities $3,562,537 83
Funded debt consists of $192,000 first mortgage 5 per cent. 40-year $1,000 coupon bonds,
due July, 1926, interest payable January and July; $690,000 debenture 6 per cent. 30-year
registered bonds, due August, 1916, interest payable February and August; $104 convertible
loan 7 per cent., due November, 1883, interest payable May and November — total,. $882, 104.
41
642 POOR'S MANUAL OF EAILKOADS.
The amount of bonds authorized to be issued under the first mortgage of 1886 is $2,500,-
000, the proceeds to be applied to the erection of new shops, for improvements and additions
to the property, and for acquiring interest in other companies when deemed advisable aud
necessary.
The debenture bonds were issued by authority of a resolution passed at the annual meet-
ing in May, 1886, and were issued to holders of stock and dividend obligations in the nature
of a 50 per cent, scrip dividend.
Annual meeting, first Tuesday in May ; books close ten days prior thereto. Dividends
payable May and November ; books close ten days prior to payment of same. Interest on
bonds payable at New York, N. Y. Voting power attaches to stock after 60 days' ownership.
Preferred stock is entitled to 7 per cent, guaranteed. Stock, dividend obligations and bonds,
listed on Baltimore Stock Exchange. Registrar of stock, W. W. Chamberlaine, Portsmouth,
Va. Trustee of bonds, Mercantile Trust and Deposit Co. of Baltimore. Md.
Directors (elected May 3, 1887). — Moncure Robinson, Jr., Philadelphia, Pa.; Enoch
Pratt, R. C. Hoffman, Louis McLane, Baltimore, Md.; David A. Barnes, Murfreesboro', N. C.;
Richard Dick son, Norfolk, Va.
JOHN M. ROBINSON, President and Gen. Superintendent. . . .Baltimore, Md.
Secretary and Treasure1! — W. W. Chamberlaine Portsmouth, Va.
PKINCIPAL OFFICE AND ADDRESS Portsmouth, Va.
SHENAITDOAH VALLEY RAILROAD COMPANY.
Line of Road. — Hagerstown, Md., to Roanoke, Va 238.11
Branches to connecting RRs. and to Iron and Manganese Mines 17.24 — 255.35 miles.
Sidings, etc., 24.98 miles. Gauge, 4 ft. 9 in. Rail (steel, 238.11 miles), 50 and 56 Ibs.
History. — Chartered February 23, 1867. Road opened to Riverton, 42 miles, December
15, 1879 ; to Milford, 76 miles, September 6, 1880 ; to Waynesboro, 143 miles, November 22,
1880, and to Roanoke, June 19, 1882.
The Shenandoah Valley. RR. Co., on September 27, 1881, entered into an agreement with
the Norfolk and Western RR. Co. (with whose road this company's line connects at Roanoke),
and the East Tennessee, Virginia and Georgia RR. Co. (whose line connects with the N. & W.
RR. at Bristol), consolidating the through traffic of the three lines, and constituting the
Virginia, Tennessee and Georgia Air-Line, which, immediately on the completion of the
Shenandoah Valley RR., established an all-rail passenger and freight line between New York,
Memphis, New Orleans, and all other points in the North, East and West, and Southwest.
On the 29th of December, 1882, the Shenandoah Valley and the Norfolk and Western
RR. Companies entered into a traffic contract, under the terms of which the Shenandoah Val-
ley RR. Co. agreed to issue non-cumulative income bonds to the amount of $2,500,000 —
$1,500,000 of which, it was provided, should be sold at not less than 60 per cent., the pro-
ceeds to be used in completing and equipping the road, and to provide for its floating indebt-
edness ; the remaining $1,000,000 to be reserved for future use — these bonds to receive in-
terest at the rate of 4 per cent, per annum in each year when the gross earnings of the
Shenandoah Valley RR. shall amount to $1,200,000, and for each additional $100,000 of gross
earnings an additional one per cent. To provide increased security for the payment of this
interest the Norfolk and Western RR. Co. agrees to set apart out of the gross earnings re-
ceived by it from its traffic with that road, in each year when the gross earnings of the Shen-
andoah Valley RR. shall have reached $1,200,000, a sum equal to 4 per cent, on the amount
of income bonds then outstanding, and for each additional $100,000 of gross earnings a sum
equal to an additional one per cent., but in no case is e-uch sum to exceed 6 per cent. Out of
the fund thus created the Norfolk and Western RR. Co. agrees to advance to the Shenandoah
Valley RR. Co., in the event of the latter failing to pay its interest on such income bonds aa
stipulated, a sum which will be equal to the interest accruing and in default in such year.
During 1883, the Norfolk and Western RR. Co. acquired a controlling interest in this
POOR'S MANUAL — SHENANDOAH VALLEY RR. CO. 643
company, by the purchase of 80.571 shares of its stock, for which it issued in exchange 40,571
shares of its own (Norfolk and Western RR. Co.) common stock.
In the latter year the company also made an agreement with the Pennsylvania RR. Co.
and the Cumberland Valley RR. Co. for an exchange of traffic to or from points on the Shen-
andoah Valley road, the Pennsylvania and Cumberland Valley companies also agreeing to set
apart 20 per cent, of their gross receipts from such business till October 1, 1885, 15 per cent,
for next five years and 10 per cent, for the five years to follow, this fund to be applied to the
purchase of Shenandoah Valley general mortgage bonds, provided that they can be purchased
at par ; otherwise the fund for that year lapses. In any year prior to 1888 this fund may be
applied to the purchase of coupons if the earnings be insufficient to pay interest.
On the 31st of March, 1885, on application of the mortgage trustee, this road was placed
in the hands of a receiver in anticipation of the impending default in the payment of interest
on the company's general mortgage bonds, which occurred on the succeeding day. On April
10, 1885, the receiver was authorized to issue $300,000 of receiver's certificates with which to
pay off wages, material and supply claims, floating debt, etc., specified in the orders of the
court, and under this authority they were issued and applied to the payment of the claims
above specified, due at the time the receiver was appointed, and for the purchase of new steel
rails and renewals and repairs to equipment and roadway. On December 20th, 1886, the re
ceiver was authorized to issue $100,000 additional receiver's certificates with which to pur
chase new steel rails, iron bridges, etc.
A plan of reorganization has been agreed upon which calls for the sale of the railroad
under foreclosure, and the reorganization of the company, the reorganized company to issue
$5,100,000 ($20,000 per mile) first mortgage 5 per cent. 50-year gold bonds, dating from
July \, 1887, interest payable semi-annually, the proceeds of the issue to be applied to the
payment of car trust contracts, receivers' certificates, expenses of reorganization, and all liens
prior to the existing first mortgage, and $682,000 to be appropriated for renewals and better,
ments. The mortgage also provides for the future issue of $510,000 additional bonds to pur
chase new equipment when needed (but $130,000 of this sum may be expended for iron
bridges), and $390,000 for extensions.
The road will be leased for 999 years to the Norfolk and Western RR. Co., at a minimum
rental of 30 per cent, of gross earnings, interest on bonds being guaranteed and the guaran
tee indorsed on the bonds.
Holders of present first mortgage bonds will receive dollar for dollar in new first
mortgage bonds, and cash for accrued interest to July 1, 1866, less 2 percent, reserved for
expenses.
General mortgage bonds will receive 25 per cent, in new first mortgage bonds and 100 per
cent, in preferred stock.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 41. Cars — passenger, 18 ; bag
gage, mail and express, 12 ; freight (box, 275 ; platform, 25 ; stock, 248 ; caboose, 8), 556 ;
other cars, 251 — total cars, 878. Of this equipment the company owns 2 locomotives, 6 pas-
senger, 4 baggage, 62 freight and 75 other cars, the remainder being held through car trusts.
Operations for year ending December 31, 1886. — Train mileage — passenger, 367,538;
freight, 385,409— total, 752,947 miles. Passengers carried, 173,212 ; carried one mile, 8,583,-
001 ; average mile rate, 2.291 cents. Tons freight moved, 396,389 ; moved one mile, 44,871,-
817; average ton-mile rate, 1.028 cents.
Earnings.-Passenger $196,613 47
Freight 461,291 89
Mail 38,465 60
Express 22,109 18
Miscellaneous 22,174 12
Total ($2,905.05 per mile) 8740,654 26
Expenses.— Transportation $191,859 71
Motive Power 164,90096
Maintenance of Cars 43,009 16
Maintenance Way & Buildings. 219,293 66
General 42,315 35
Total ($2,590.08 per mile) $661 ,378 84
Net earnings (10.70 per cent.), $79,275.42. Charges against income : Interest on receiver's
certificates, $17,373.26; rental of equipment, $42,141.78; balance of interest and discount,
$322.49— total, $59,837.53. Surplus, $19,437.89 ; surplus from last year, $11,033.60— total,
644
POOK'S MANUAL— SHENANDOAH VALLEY BE. CO.
$30,471.49. Charges to debit of company's profit and loss account during the year : Interest
on funded debt, $398,540 ; on car trusts, $5,464.89 ; interest and discount balance, $23,187.54;
other charges, $2,788.31— total, $429,980.74 ; add deficit from last year, $1,237,333.09— total
deficit, $1,667,313.83.
General Balance Sheet, December 81, 1886.
Cost of Road $10,943,750 33
Equipment 1,399,915 31
Stocks and Bonds . 1,050,000 001
Bills Receivable 17,000 00
Suspense Account .• 1,363 68
Accounts Receivable 18460
ProfitandLoss 1,667,31383
Capital Stock $3,696,200 00
Funded Debt 8,883,000 00
Car Trusts 667,272 04
Bills, $54,740.76 ; Accounts, $39,543.32 ... 94,284 08
Norfolk and Western RR. Co 335,000 00
Past due Interest on Funded Debt 780,985 00
Accrued Interest on Funded Debt 139.360 00
Accrued Interest on Loans 62,083 11
S. F. Tyler, Receiver S . V. RR. Co 176,651 96
Do. Account Car Trust Obligations 144,691 56
Total Assets $14,979,527 75 Total Liabilities 814,979,527 75
Receiver's Balance Sheet, December 31, 1886.
Cash 862,221 88
Treasurer's Office Fund 126 30
Shenandoah Val. RR. Co 176,651 96
Shen. Val. RR. Co., Account Car Trust I j^ ggj gg
Obligations )
Bills Receivable 8,328 75
Agents' Balances 28,58932
Materials and Supplies 58,296 88
Rolling Stock 72,345 78
Receiver's Certificates $300,000 00
Account Interest Receiver's Certificates 4,500 00
Car Trust Obligations (Receiver's Account). . 144,691 56
Pay Roils 26,793 72
Vouchers 38,830 07
Taxes 2,72338
Inds. and Companies 3,242 21
Income Account 30,471 49
Total Assets 8551,252 43 ' Total Liabilities
Statement showing the condition of car trusts on January 1, 1887 :
.8551,252 43
Amount Outstanding Janu-
ary 1, 1887.
Principal.
Interest.
Total.
The division of the Car Trust Obligations
into principal and interest has been made
upon the basis adopted at the time the Car
Con. No. 1 (S.V.CarTrust. .
" 2 (Cont. B.— 47) . .
" " 3 (Cont. B.— 55)...
" " 4(B.P.W.&Co.)|
" " 5(B.P.W.&Co.)f
$147,669 58
192,662 32
195,100 33
84,676 93
83,46004
26.989 87
1,033 62
15,679 35
8151,129 62
219,652 19
196,133 95
100,356 28
Trusts were negotiated, and the figures
above given are those which appear on the
books of the old corporation. The payments
made by the receiver were under a tem-
porary arrangement with the owners of the
equipment, and such payments were, for the
time being, considered as one-half on account
Totals
$620,109 16
$47,162 88
8667,272 04
of principal, and one-half on account of in-
terest.
Funded debt consisted, December 31, 1886, of—
1st inort. 7 p. c. $1,<000 coup, goldbds., dated Apr. 12, 1880, due Jan. 1, 1909, iat. J. & J. ($15,000 per mile).$2,270,000
Gen. mort. 6 p. c. 40-year $1,000 coup, gold bds., due April 1, 1921, int. Apr. & Oct. ($10,000 per mile). . . 4,113,000
Income 40-year $1,000 registered bonds, due Jan. 1, 1923, interest yearly (February), if earned 2,500,000
The amount of general mortgage bonds authorized to be issued under the general mort-
gage is at the rate of $25,000 per mile, of which bonds at the rate of $15,000 per mile, are
reserved to retire at maturity the bonds issued under the first mortgage, it being provided
that all mortgage bonds, to and including the general mortgage bonds, cannot exceed $25,000
per mile. The $2,270,000 first mortgage bonds in the hands of the public, and $1,560,000 in
the hands of the trustee, for the benefit of the general mortgage bondholders, are secured on
the entire line from Hagerstown to Roanoke. Bonds of both these classes are coupon, with
provision for registration of principal. All bonds listed on New York and Philadelphia Stock
Exchanges. Trustee : Fidelity, Insurance, Trust and Safe Deposit Co., of Philadelphia. In-
terest paid by same. Annual meeting, first Wednesday in May ; books close 15 days prior
thereto.
Directors (elected May 5, 1886).— Clarence H. Clark, Edward W. Clark, F. J. KSmball,
Charles Hacker, Joseph J. Martin, Evans R. Dick, Philadelphia, Pa.; Upton L. Boyce, Boyce
P. O., Va.; Wm. Milnes, Jr., Milnes, Va ; Alex. R. Boteler, Shepherdstown, W. Va.; H. B.
POOR'S MANUAL OF RAILROADS. 645
Davenport, Charlestown, W. Va. ; John T. Lovell, Front Royal, Va. ; William H. Travers,
CLarlestown, W. Va.; Geo. C. Wood, New York, N. Y.
SIDNEY F. TYLER, President and Receiver Philadelphia, Pa.
U. L. Boyce, Vice-President Boyce, P. O., Va.
Treasurer— G. R. W. Armee . . .Philadelphia, Pa. | Secretary— Alfred. E. Craven Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Roanoke, Va.
Transfer Office 333 Walnut Street, Philadelphia, Pa.
SILVER SPRINGS, OCALA AND GTJLF RAILROAD COMPANY.
Line of Projected Road.— Silver Springs, Fla., to Point Pinellos, Fla 175 miles.
Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs.
History. — Chartered May 1, 1877; road completed and in operation May 1, 1887, from
Ocala to Dunellon, Fla., a distance of about 28 miles; to be extended to Hoinosassa, on the
Gulf of Mexico, by November 15, 1887, making the total length of road in operation, 65
miles. The company has a land grant of about 1,900,000 acres.
Financial Statement.— Capital stock, $1,500,000; funded debt, 1st mortgage 6 per cent.
30-year gold bonds, due July 1,1915, interest payable January and July at the. New York
office, 56 Wall Street ($11,500 per mile), $2.000,000— total stock and bonds, $3,500,000.
The bonds are secured on the entire road and equipment, and on the land grant to the
extent of 4,000 acres per mile. The proceeds of land sales will be applied to a sinking fund
for the retirement of the bonds at 110 and accrued interest. Trustees, S. Van Rensselaer
Cruger and William Man, New York, N. Y.
Directors (elected March 10, 1887). — Thomas 0. Hoge, J. Baxter Upham, James T. Van
Rensselaer, Oscar Tamagno, A. C. Quarrier, New York, N. Y. ; R. F. Taylor, Gainesville,
Fla. ; E. W. Agnew, Ocala, Fla.
THOMAS C. HOGE, President New York, N. Y.
Secretary— S. W. Beebe New York, N. Y. | General Manager— A. P. Man, Jr Ocala, Fla.
PRINCIPAL OFFICE AND ADDRESS Ocala, Fla.
SOUTH CAROLINA RAILWAY COMPANY.
Main Line of Road.— Charleston, S. C., to Augusta, Ga 137 miles.
Columbia Division : Branchville to Columbia, S. C 68
(Jamden Branch : Kingsville to Cam den, S. C 38
Mine Branch : 10 m. Station to Mining Co.'s Works 3 — 109 miles.
Total length of lines operated January 1, 1887 246 miles.
Sidings, etc., 38.52 miles. Gauge, 4 ft. 9 in. Rail (steel, 180.35 miles), 56 Ibs.
History. — Chartered as Charleston and Hamburg RR. Co. December 19, 1827 ; main line
completed October 1, 1833. The Columbia Branch, opened Nov. 1, 1840, and the Camden
Brancb, opened June 26, 1848, were constructed under separate charters. In 1844 the three
roads were consolidated under title of South Carolina RR. The expense of rebuilding the
road after the war, together with the accumulations of its liabilities, necessitated a heavy
floating debt, the pressure of which forced it to default in 1878 ; and in October of that
year it was placed in the hands of a receiver, sold under foreclosure July 28, 1881, and
reorganized November 1, 1881, under present title.
Rolling Stock.— Locomotive engines, 43. Cars— passenger, 34 ; sleeping, 1 ; baggage,
mail and express, 5 ; freight (box, 604 ; stock, 14 ; conductors', 23 ; shanty, 4 ; platform,
158), 803— total, 843. Also, 1 commissary, 1 derrick and 2 officers' and pay cars.
Operations, year ending December 81, 1886.— Trains run (passenger, 406,345 ; freight,
573,447), 979,792 milef. Total engine service, 1,341,966 miles. Passengers carried, 252,142.
Tons of freight moved, 385,999 ; one mile, 39,114,996 ; average ton-mile rate, 2.03 cents.
646
POOES MANUAL— SOUTH CAROLINA EY. CO.
Earnings.— Passenger $284,205 15
Freight 781,180 84
Mail and Express 38,750 61
Miscellaneous 20,923 65
Expenses.— Maintenance of Way, etc §215,794 37
KollingStock Itr,
Transportation, etc 506,609 79
Taxes 53,211 50
Total ($4,453.09 per mile) $1,120,060 25 Total ($3,832.74 per mile) $042.853 Dl
Balance, net earniugs (15.82 per cent.), $177,206.34; interest B. RR., $1,688.79: divi-
dends A., T. & O. RR. stock, $298; interest and dividend N. Y. & 0. W. & S. N. Co., $11,514
—total net revenue for year, $190,707.13. Payments : Interest on bonds, $386,437.62 ;
change of gauge, $39,803.89— total, $426,241.51. Net deficit for year, $235,534.38 ; to
which add expense of paying sterling bonds in England, $813.45 — total, $236,347.83. De-
duct premium on first consolidated, mortgage bonds, $ 8,955 — leaving deficit of $227,392.83;
add deficit from last year. $8,268.58— total deficit, $235,661.41.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles
Freight Train Miles
225,647
561.981
124,945
251,005
$
201,933
814,067
31,018
295,687
684,981
161,519
326,086
$
251,465
931,956
34,335
221,435
612,044
192,164
364,634
8
261, £99
935.640
36,361
320.920
597,755
213,981
344,131
$
296,104
966.657
51,059
340,984
627,050
218,676
377,409
$
302,292
968,742
55,935
392.970
544,063
273,655
390,257
$
270.769
893,859
59,664
392.029
554,930
2K541
377,850
$
279,144
815,975
56,722
406.345
573.447
2.VJ.142
385.999
S'
284,205
781,181
54,674
Tonnage
Passenger Traffic
Freight Traffic
Mails, etc
1,052,023
714,278
1,217,756
875,794
1,233,900
732,949
1,313.820
812,630
1,326,969
894,128
1,233.292
850,567
1,151.841
823,684
1,120.060
942,854
Working Expenses
Net Earnings
337,745
341,962
500,951
501,190
432,841
13,890
382,725
5,880
328.157
30,269
177,206
22.456
Interest, Dividends, etc ....
Available Revenue
337,745
4,329 31
67.90 p. c.
341,962
5,011 34
71.90 p. C.
500.951
5,077 78
59.41 p. c.
501,190
5,255 28
61.76 p. c.
446,731
5,394 18
67.38 p. c.
388,605
5,013 38
68.96 p. c.
358.426
4,682 28
71.51 p. c.
199.663
4.453 09
84.18 p. C.
Gross Earnings per Mile
Prop. Working Expenses. . .
General Balance Sheet, December 31, 1886.
Construction, etc $12,651,963 63
Stock and Bonds, N. Y. & C. W.& 8. N. Co. 425,700 00
Other Stocks and Bonds 64,799 36
Materials on Hand 114,263 24
Bills and Sundry Accounts 137,531 89
Cash on Hand 32,391 93
Profit and Loss 646 66
Income 235,661 41
Capital Stock $4,204,160 00
Funded Debt 8,821,848 02
Bills Payable 375,000 00
Accrued Interest '. 125.04622
Current Accounts 93,170 34
Locomotire Trust Notes 52.400 00
Total Liabilities $13.671,624 58
Total Assets $13,671,624 58
Amount, date and maturity of funded debt :
S. C. RR. stg. 1st mtge. 5 p. c. bonds, due by instalments to 1888, int. J. & J. . $149
S. C. RR. dom. 1st mtge. 7 p. c. bonds, due by instalments to 1888, int. J. & J. 130
S. C. RR. dom. 1st mtg. 5 p. c. ext. bonds, due 1892, int. J. & J 56
Bonds due and payable on demand, including those due January 1, 1887 101
1st mtge. 6 per cent. 40-year con. bonds, due October 1, 1920, interest A. & O. . 4,717
2d mtge. 6 per cent. 50-year con. bonds, due January 1, 1931, interest J. & J.. . 1,130
Inc. 6 percent. 50-year non-cum. bonds, due January 1, 1931, interest Feb. 1st. 2,538
036 56
000 00
000 00
811 46
000 00
000 00
,000 00
Total outstanding December 31, 1886 $8,821,848 03
Interest on bonds payable at New York Agency, 68 William Street. Trustees of 1st
mortgage, Samuel Sloan and John S. Barnes; 2d mortgage, John S. Barnes and James J.
Higginson ; income mortgage, James J. Higginson and Francis A. Stout. Transfer agent,
Farmers' Loan and Trust Co., New York. Registrar of stock, Central Trust Co., New York.
Bonds and stocks listed on New York Stock Exchange.
The securities issued under the reorganization are as follows : 1st consolidated mortgage,
6 percent, gold bonds, due October 1, 1920, $5,000,000 ; 2d mortgage 6 per cent, bonds, due
January 1, 1931, $1,500,000 ; 3d mortgage 6 per cent, non-accumulative income bonds, due
January 1, 1931, interest annually, February 1st— $3,000,000. Capital stock, $5,822,200.
POOR'S MANUAL OF RAILROADS. 647
Of the 1st consolidated mortgage bonds, $283,000, and of the 2d mortgage bonds, $170,000
are held by the trustees of the 1st consolidated mortgage to provide for prior liens outstand-
ing. The company has in its treasury — 2d mortgage bonds, $200,000 ; 3d mortgage income
bonds, $462,000 ; Barnwell Ry. Co. bonds, $90,000 ; New York and Charleston Warehouse and
Steam Navigation Co. bonds, $75,000; and stock (par value), $350,700 ; Augusta, Gibson and
Sandersville RR. Co. stock, $1,799.36. Of the stock originally issued, $1,618,040 has been
cancelled, and the remainder ($4,204,160) constitutes the capital stock of the company. The
company has no car trusts or other liabilities not shown in its balance sheet.
The New York and Charleston Warehouse and Steam Navigation Co. has constructed 930
feet of wharf on Cooper River, two fertilizer warehouses, with a capacity of 16,000 tons, and
five freight sheds, all of which are being used to their full capacity.
BARNWELL RAILWAY.— Barnwell, S. C., to Blackville, S. C., 9 miles. Built dnriug the year 1882.
The road is owned and operated by the 8. C. Co., but its operations are kept separate. Operations for 1886. —
Earnings— freight, §7,787.91 ; passengers, $3,071.75; mail and express, 8587.23— total, $11,446.87. Expenses and
taxes, $10,113.71. Net earnings, $1,333.16. Capital stock. $100.000. Bonded debt, $90,000. HKNBY P. TAL-
MADGE, President; W. T. Minor, Secretary and Treasurer, New York City, N. Y.
Board of Directors South Carolina Ry. Co., elected March, 1887.
Henry P. Talmadge.New York, N. Y.
Jas. J. Higginson.. New York, N. Y.
~ muel Sloan New York, N. Y.
Percy R. Pyne New York, N. Y.
Francis A. Stout.. New York, N. Y.
T. Bailey Myers. . .New York, N. Y.
Geo. W. Dillaway . .New York, N. Y.
Andrew Simonds.. Charleston, S. C.
W. H. Brawley ....Charleston, S. C.
alley Myi
Gustavus E. Kissel '. New York, N. Y. | Henry Sampson. .". . . .New York, N. Y.
HENBY P. TALMADGE, President 68 William Street, New York, N.Y.
James J. Higginson, Vice- President 24 Pine Street, New York, N. Y.
Secretary— W. T. Miner New York, N. Y. | Treasurer— Gaston Hardy Charleston, S. C.
General Manager— John B. Peck Charleston,, S. C.
PRINCIPAL OFFICE AND ADDRESS Charleston, S. C.
Transfer Office Farmers' Loan and Trust Co., New York, N. Y.
SOUTH FLORIDA RAILROAD COMPANY.
Main Line of Road. — Sanford, Fla., to Tampa, Fla 114.91 miles.
Bartow Branch : Bartow Junction to Bartow 16.70 miles.
Leased : Sanford and Indian River RR.: Sanford, Fla., to Oviedo, Fla 17.30 miles.
Trackage : Pemberton Ftrry Br.t Fla., So. Ry.: Lakel'd, Fla., to Pemb'ton's F'y. 43.20 miles.
Total length of line operated December 31, 1885 192.11 miles.
Average length of line operated during fiscal year, 149 miles.
Sidings, etc., 7.73 miles. Gauge, 3 feet. Rail (steel, 119.12 miles), 30, 35, 40 and 50 Ibs.
History. — Chartered December 9, 1879. Road opened to Orlando, October 1, 1880 ; to
Kissimmee, March 21, 1882, and to Tampa, February 10, 1884. Bartow Rranch opened Jan-
uary 25, 1885 ; Pemberton Ferry branch, September 23, 1885.
Rolling Stock, December 31, 1885. — Locomotive engines, 15. Cars — passenger, 24;
baggage, mail, and express, 11 ; freight (box, 63 ; stock, 4 ; platform, 145), 212 — total, 247.
Also, 7 caboose cars. Since close of fiscal year the company has added 4 new locomotives.
Operations for year ending December 31, 1885. — Passengers carried, 137,483 ; carried
one mile, 3,622,019. Tons freight moved, 48,820 ; moved one mile, 2,113,193. Earnings —
passenger, $155,016.90 ; freight, $140,855.97 ; mail and express, $19,165.63 ; miscellaneous,
$8,404.41— total, $323,442.91. Expenses — maintenance of way, $80,508.38 : rolling stock,
$27,892.65; transportation, $97,452.35; miscellaneous, $62,003.48— total, $267,85686. Net
earnings, $55,586.05. Add land department earnings, $35,434.67. Net income, $91,020.72,
applied to construction and equipment. During the year 1884 this road was purchased by
the Plant Investment Co., which controls the Savannah, Florida and Western RR. system.
Financial Statement, — No information furnished.
Directors (elected March 10, 1886).— Jas. E, Ingraham, Sanford, Fla. ; H. B. Plant, New
York, N. Y.; B. F. Newcomer, Baltimore, Md.; R. M. Pulsifer, E. B. Haskell, Boston, Mass.;
W. S. Chisholm, H. S. Haines, Savannah, Qa.
JAMES E. INGBAHAM, President Sanford, Fla.
Vice- President— R. M. Pulsifer Boston, Mass. I Secretary— P. H. Rand Sanford, Fla.
Treasurer— C. C. Haskell Sanford, Fla. | General Superintendent— B. R. Swoope. . . .Sanford, Fla.
PRINCIPAL OFFICE AND ADDBESS Sanford, Fla.
64:8 POOR'S MANUAL OF RAILROADS.
SUFFOLK AND CAROLINA RAILROAD COMPANY.
Line of Road.— Suffolk, Va., to Chowan River. N. C 36 miles.
Sidings, 2 miles. Gauge, 4 ft. 8| in. Rail, 30 Ibs.
History. — Chartered as the Nansemond Land, Lumber and Narrow Gauge RR. Co. in
1873. Name changed to the Suffolk and Carolina Railway Company, February 26, 1874.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 3 ; combination, 1 ; freight
(flat, 70 ; caboose, 1), 71 ; lumber, 20 — total, 95.
Operations.— Not reported. Earnings, $29,498.78. Operating expenses, $23,176.82.
Net earnings, $6,321.96. Paid interest on bonds, $3,000. Surplus, $8,821.96.
Financial Statement.— Capital stock (par value, $100), $300,000 ; funded debt, $150,000.
Directors. — Chauncey Brooks, William H. Bosley, John S. Gittings, Charles F. Pitts, Jr.,
William N. Camp.
CHAUNCEY BKOOKS, President Baltimore, Md.
F. B. Hubbell, Vice- President Baltimore, Md.
Secretary and Treat.— W. H. Bosley Baltimore, Md. | Superintendent— R. H. Thompson Suffolk, Va.
PRINCIPAL OFFICE AND ADDRESS Suffolk, Va.
SUFFOLK LUMBER COMPANY'S RAILEOAD.
Main Line of Road. — Suffolk, Va., to Terminus, 15 miles from Winton, N. C. .25 miles.
Branches. .' 10 miles.
Total length of road owned 35 miles.
Sidings, etc , 3 miles. Gauge, 3 feet 6 inches. Rail (steel, 25 miles), 20. 25 and 30 Ibs.
History.— Chartered March 20, 1873. Charter amended, March 15, 1884. Road opened
in 1874. Road owned and operated by E. E. Jackson, & Co., of Salisbury, Md.
Rolling Stock, — Locomotive engines, 5. Cars — passenger, 1 ; platform, 30 ; logging,
50 ; trucks, 12— total, 93.
Operations for year ending September 30, 1886. — Not reported. Earnings (passenger,
$1,195.42 ; freight, $2,321.25 ; mail, $563), $4,079.67. Operating expense?, $22,204.06. De-
ficit, $18,124.38. Earnings from proprietors' freights (5,353 cords wood and 20,639,942 feet
lumber), transported not included in above statement.
Financial Statement, September 30, 1883.— Capital stock, $20,000. Cost of road and
equipment, $74,600.
Directors, — W. H. Jackson. E. E. Jackson, W. F. Jackson, Hugh Jackson, Suffolk, Va.
WILLIAM H. JACKSON, President Salisbury, Md.
Secy, and Treas.—'E. E. Jackson Salisbury, Md. | General Manager— W. M. Whaley Suffolk, Va.
PRINCIPAL OFFICE AND ADDRESS Salisbury, Md.
SYLVANIA RAILROAD COMPANY.
Line of Road. — Sylvania, Ga., to Rocky Ford, Ga 15 miles.
Sidings, 1.5 miles. Gauge, 4 ft. 9 in. Rail, 42 Ibs. per yard.
History. — Chartered January 3, 1884. The work of construction on this road was begun
at Sylvania, Ga., in 1884, and was completed to Rockj Ford, Ga., about April 15, 1885. The
Central RR. Co. furnished iron and material and holds a mortgage on the road therefor.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; baggage, etc., 1 ; freight,
1— total, 3.
Directors.— D. C. Bacon, Savannah, Ga.; John C. Dell, W. Hobby, M. P. Wade, George
W. Waters, John F. Lovett, Jr., Sylvania, Ga.; George M. Zeagler, Woodcliff, Ga.; George
Ileard, Rocky Ford, Ga.; R. J. Davant, J. P. Williams, Savannah, Ga.
D. C. BACON, President Savannah, Ga.
John C. Dell, Vice-President and Manager Sylvania, Ga.
John F. Lovett, Jr., Secretary and Treasurer Sylvan ia, Ga.
PRINCIPAL OFFICE AND ADDRESS Sylvania, Ga.
POOR'S MANUAL OF RAILROADS. 649
TALBOTTON RAILROAD COMPANY.
Line of Road. — Talbotton to Bostick, Ga. ... 7 miles.
Sidings, 0.50 mile. Gauge, 5 ft. Rail, 60 Ibs.
History.— Chartered August 28, 1872 ; road opened May 4, 1881.
Rolling Stock. — Locomotive engine, 1. Passenger car, 1. The company also leases 1
box and 1 platform car.
Operations for year ending April 30, 1886. — Train mileage, etc., not reported. Earnings
— passenger, $1,787.20 ; freight, $5,506.42 ; mails, etc., $651.20— total, $7,944.82. Operating
espouses, $6,689.87. Net earnings, $1,254.95. Add interest and dividends, $17.40 — total
available revenue, $1,272.35. Payments: Interest on bonds, $1,500; dividend No. 2, May,
1885 (6 per cent.), $2,100— total, $3,600. Balance, deficit, $2,827.65. Surplus from last year,
$1,061,43— net deficit, $1,266.22. At the annual meeting, May 5, 1884, the Directors declared
a stock dividend of 100 per cent., and a cash dividend of $7 per share on the entire stock as
Increased.
Financial Statement, April 20, 1886.— Capital stock, $35,000 ; funded debt, 6 per cent.
20-year coupon $1,000 bonds, dated 1882, interest January and July, $25,000— total, $60,000.
Contra: Cost of road, f 53,593.18 ; rolling stock, $2,211.70 ; real estate, $1,721.38 ; cash, $1,-
207.52 ; profit and loss, $1,266.22.
Annual meeting, first Wednesday in May ; books close 60 days prior thereto. Dividends
payable at Talbotton, Ga. W. M. Wadley, trustee of bonds ; W. H. Martin, registrar of
stock. Voting power attaches to stock after 60 days' ownership.
Directors (elected May 1, 1885).— E. L. Bardwell, R. Leonard, W. H. Martin, J. H.
Martin, W. K. Dennis, Talbotton, Ga.
E. L. BABDWELL, President Talbotton, Ga.
Secretary and Treasurer— W. H. Martin Talbotton, Qa.
PRINCIPAL OFFICE AND ADDRESS Talbotton, Ga.
TAVARES, APOPKA AND GULF RAILROAD COMPANY.
Line of Road. — Tavares, via Kissimmee and F. Thompson to Punta Eassa, Fla. — miles.
History. — Work of constructing road from Tavares to Kissimmee, a distance of 55 miles,
was begun July 16, 1885, and 12 miles were graded from Tavares south during that year.
These 12 miles, from Tavares to Double Run, were laid with track in 1886. It is expected
that the road will be completed to Kissimmee during the summer of 1887. There is a land
grant of 9.226| acres per mile, making a total of 507,466 acres on the 55 miles to Kissimmee
City.
Financial Statement.— Capital stock ($12,000 per mile authorized), $660,000 ; funded
debt, 1st mortgage 6 per cent. 20-year $1,000 gold coupon bonds, due July, 1906, interest pay-
able January and July ($7,000 per mile), $385,000— total stock and bonds, $1,045,000.
The bonds are secured on the entire property of the company, including the laud grant.
The mortgage provides for the deposit in trust of at least 75 per cent, of the proceeds of land
sales as a sinking fund for the redemption of the bonds at maturity, or for their purchase and
cancellation at any time if they can be bought at par and accrued interest. Trustee, Central
Trust Co., New York, N. Y.
ALEX. ST. CLAIR ABBAMS, President Orlando, Fla.
Treasurer— John G. Sinclair Tavares, Fla. | Secretary— George A. Butler Orlando, Fla.
PBINCIPAL OFFICE AND ADDBESS Orlando, Fla.
VALLEY RAILROAD COMPANY.
Line of Road. — Harrisonburg, Va. , to Lexington, Va 62 miles
Sidings, etc., 6.0 miles. Gauge, 4 feet 8| inches. Rail (steel, 36 miles) 60 and 64 Ibs.
History, — Chartered February 23, 1866 ; charter amended March 1, 1867. Road opened
650 POOR'S MANUAL OF RAILROADS.
to Staunton, 25.78 miles, April 1, 1874 ; to Lexington in 1883. The total length of the line
as projected, Harrisonburg to Salem, is 113 miles.
Operations for year ending September 30, 1886. — Trains run — passenger, 46,806 ; freight,
75,358 — total, 122,164 miles. Passengers and freight moved, not reported. Average rate
per passenger mile, 3.25 cents ; per ton mile, 6.59 cents.
Earnings.— Passenger 841,500 99
Freight 64,318 54
Mail, Express, etc.. 9,507 74
Total ($1,860.11 per mile) $115,327 27
Expenses.— Transportation, etc $60,157 68
Maintenance Way & Buildings. . 28,207 03
Total ($1,425.24 per mile) $88,364 71
Net earnings (23.38 per cent.), $26,962.56. Add income from securities owned, $9,273.-
72 ; other receipts, $1,066.37 — total available revenue, $37,302.65. Paid interest on bonds,
$45,000. Deficit for year, $7,697.35.
Financial Statement, September 30, 1886.— Capital stock (subscribed $3,200,000) paid
in, $2,731,839 ; funded debt, 1st mortgage 6 per cent. 40-year $1,000 coupon bonds, due Oc-
tober 1, 1921, interest April and October, $750,000 ; floating debt, $48,279— total, $3,530,118.
Cost of road, $3,253,719.50.
The bonds were issued under a contract made in July, 1881, with the Baltimore and
Ohio RR. Co., for the extension of the road from Staunton to Lexington. The authorized
issue is $1,000,000, of which $750,000 have been delivered to the Baltimore and Ohio
RR. Co. The Baltimore and Ohio RR. Co. owns $1,020,000 of the capital stock of this com-
pany, and the city of Baltimore $1,015,000. A loan of the latter amounting to $1,015,300,
issued in aid of the Valley RR., matured October 1, 1886, and was paid oS and retired.
Directors (elected November 15, 1886). — S. Spencer, D. H. Miller, H. Duvall, Osmun
Latrobe, Baltimore, Md.; R. W. Burke, Staunton, Va.; J. J. Allen, Waskey's Mills, Va.; W.
A. Anderson, Lexington, Va.
S. SPENCER, President Baltimore, Md.
Treasurer and Secretary— W. H. Ijams. .Baltimore, Md. | Chief Engineer— J '. L. Randolph Baltimore, Md,
PRINCIPAL OFFICE AND ADDRESS Staunton, Va.
VIRGINIA MIDLAND RAILWAY COMPANY.
Main Line of Road. — Alexandria, Va., to Danville, Va 233.00 miles.
f Strasburg : Manassas to Strasburg, Va 63.00
T. , J Harrisonburg : Strasburg to Harrisonburg 51.00 — 114.00 miles,
: 1 Front Royal, 1.00 ; Warrenton, 9.00 ; Pittsvttle, 9.50 19.50 miles.
[ Gordonsville, 9.20 ; Madison Bun, 4.36 ; Stony Point, 2.84 16.40 miles.
T •, j CJiarlottesvUle and Rapidan RR. (28.2 miles, included in main liue).
: ( Franklin and Pittsylvania Narrow- Gauge RR 29.80 miles.
Total length of line 412.70 miles.
Sidings and other tracks, 40.35 miles. Gauges, 4 ft. 8^ in. and (39.3 miles) 3 ft. Rail — iron,
56 and 60 Ibs. ; steel (between Alexandria and Danville, 165.50 miles), 60 Ibs.
The company uses the tracks of the Alexandria and Frederick sburg Railway, and the
Baltimore and Potomac Railroad, including depot privileges in Washington.
History.— The Orange and Alexandria RR. Co. (chartered March 22, 1848 ; road opened
to Gordonsville, 88^ miles, in 1854, and from Charlotteville to Lynchburg, 60 miles, in 1859),
and the Manassas Gap RR. Co., chartered March 9, 1850, and road (63 miles) opened in 1854,
were consolidated under the name Orange, Alexandria and Manassas RR. Co., April 24, 1867.
Between Gordonsville and Charlottsville, 22 milles, the track of the Chesapeake and Ohio
RR. (Virginia Central) was used at a rental of $30,000 a year. The Lynchburg and Danville
RR.,65| miles (company chartered February 21, 1866, and road completed in 1874), became a
part of the consolidated line October 15, 1872, the company then taking the name of Virginia
and North Carolina RR. Co., which name was changed April 8, 1873, to Washington City,
Virginia Midland and Great Southern RR. Co. The Harrisonburg Branch, 51 miles, opened
January 15, 1869, was leased to the Baltimore and Ohio RR. Co. for the term of 99 years from
POOR'S MANUAL — VIRGINIA MIDLAND RT. CO. C51
September 1, 1873, at a rental of $89,250 gold per annum. The road and all property of the
company were placed in the hands of a receiver July 18, 1876; sold December 20, 1880; pur-
chased by the trustees of the associated bondholders and creditors for $5,600,000; sale con-
firmed December 80, 1880 ; property transferred to the purchasers January 1, 1881, and the
present company formed February 1, 1881. The Pittsville Branch is operated in connection
with the F. & P. N. GK RR., making the total length of narrow-gauge line operated 39.3
miles. The Madison Run Branch was built in 1882.
Rolling Stock. — Locomotive engines (standard gauge, 54 ; narrow-gauge, 2), 56. Cars :
Standard — coaches, 19 ; combination, 7 ; baggage, 6 ; postal, 5 ; chair, 2 ; officers', 1 ; pay-
master's, 1 ; freight (box, 372 ; stock, 106; flat, 82 ; gondola, 68 ; coal, 49 ; ore, 110 ; caboose
25 ; shanty, 14), 776 — total, 817. Also, 3 riggers and tool cars, and 14 pairs transfer trucks,
Narrow-gauge : Coach, 1 ; combination, 1 ; box, 4 ; pairs transfer trucks, 20.
Operations for year ending September 30, 1886.— See tabulated statement below.
Earnings.— Passenger $537,171 83
Freight 740,63701
Express 60,187 16
Mail 106,562 98
Miscellaneous. 17,894 02
Total ($4,043.28 per mile) $1,462,453 00
Expenses.— Transportation $335.194 42
Motive Power 286,097 96
Maintenance of Cars 46,323 75
Maintenance of Way .308,722 70
Miscellaneous and Taxes 105,635 56
Total ($2,991.36 per mile) $1,081,974 39
Net traffic earnings (26.02 per cent.), $380,478.61; add rental for Strasburg-flarrisonburg
line, $89,250— total net earnings, $469.728.61. Payments: Rentals C. & R. RR., $35,300 •
F. & P. RR., $7,000; interest on mortgage bonds, $380,840.67; on income bonds, $128,275.56;
on floating debt, $14,596.91— total, $566,013.14. Balance, deficit, $96,284.53. Add, deficit
from last year, $139,700.01 ; discount on sale, $126,000 income bonds, $10,245 ; interest for
one month on serial bonds, not charged above, $31,202; adjustment. of F. & P. rental, $1,750;
sundry accounts, $1,375.90— total, $280,557.44. Deduct excess of income interest and other
accounts, $18,867.72. Deficit as per balance sheet, $261,689.72.
The fiscal year of this company covered the twelve months of the calendar year, prior to
1882. In the latter year it was changed to correspond with the fiscal year of the State, end-
ing on September 30, and consequently the operations given in the column headed " 1882"
are for the last three months of 1881 and the first nine months of 1882.
General Balance Sheet, September 30, 1886.
Cost of Eoadway and Property $16,575,405 18
North Carolina Midland RR 64,847 86
Sundry Securities 7,200 00
Income Bonds, less $9,636.07 to retire In-
come Bond Scrip 204,363 93
Capital Stock, less $34,071.28 to retire Old
Stock and Scrip 1,059,636 67
Other Assets 13,363 36
Profit and Loss ... 261 ,689 72
Total Assets $18,186,506 72
Capital Stock $5,965,928 72
Scrip ($1,(!56.60), Old 1st
Pref. Stock ($14,742.42). 16,429 02
Old;;2d Pref. ($1,212.26), Old
Common ($16,430) 17,642 26— $6,000,000 00
Funded Debt 11,635,000 00
Interest on Income Bonds, unclaimed 4,160 74
Interest on Income Bonds, accrued 335,692 47
Due Richmond and Danville RR. Co 218,087 23
Total Liabilities $18,186,506 72
On April 16, 1886, this road and property were leased to the Richmond and Danville RR.
Co., the lease providing that this company's bonds be converted into one general mortgage
for $12,000,000, on which the Richmond and Danville guaranteed 5 per cent, interest. The
conversion of incomes into the new bonds began October 30, 1886.
At the annual meeting November 29, 1881, the directors were empowered to increase the
common stock from $800,000 to $6,000,000, and to issue income bonds limited in amount to
$4,000,000, and to exchange such new issues for the $4,000,000 (1st and 2d) preferred capital
stock then outstanding, in the proportion of ten shares of new common stock and one income
bond for each ten shares of preferred stock. Holders of old common stock were to receive
two shares of new stock for e"ach share of old stock held by them. Under this plan there
had been issued at the date of the above general account $3,990,363.93 of income bonds, and
nearly all of the old common stock had been retired. The road is now managed in the in-
terest of the Richmond and West Point Terminal Railway and Warehouse Company, which
owns $8,577,333 of stock and $1,603,553 of income bonds of this company.
652
POORS MANUAL — YIRGIXIA MIDLAND RY. CO.
Statement of operations, capital account, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Road Operated
354 50
354 50
354 50
361 70
361 70
361 70
3C1 70
Passenger Train Miles
439,874
487,199
527,149
536.535
549,090
574,260
623 S98
Freight Train Miles
455,011
509,328
553,989
688,330
618,612
546 395
499 304
Passengers Carried
196,604
269,686
305.454
328,396
386,224
378,136
3(i2 601
Passenger MUes
12,381,542
16,856,587
19,265,253
19,312.553
20,&51,998
21,961,714
20,186,873
Freight (tons) Moved
259272
318,313
364,196
452,274
438,002
410,757
427 665
Freight (ton) Miles
26 511,895
32,398,726
38,7*5,838
49,814,241
42,425,428
41,152,529
43,37'3.448
Passenger Earnings
$
436 890
s
500,843
8
530.387
$
552,126
«
582,034
$
566,968
S
537172
Freight Earnings
596,097
685,562
707,371
841,209
778,749
724,370
740.637
Other Earnings
214,589
147,142
188,738
181,619
175,797
173,773
184.644
Gross Earnings
1 247 576
1 333547
1 426 496
1 574.954
1 536,580
1 465,126
1,462,453
Operating Expenses . .
667 803
767,989
945 116
956,195
999,217
990.432
1,081,974
Net Earnings
579,773
565.558
481,380
618,759
537,363
474,694
380.479
Kental Received
89.250
89,250
89,250
89,250
89,250
89,250
Available Revenue
654,808
570,630
708,009
626,613
563,944
469.729
Rentals Paid
41,287
41.000
42,362
42,300
43,300
42,300
Interest Paid
242,423
397,694
594,210
596,439
600,128
523.713
Gross Earnings per Mile. .
3 519 26
3,761 77
4 023 80
4,354 31
2 24822
405066
4.043 28
Operating Expenses per Mile
1,838 79
2,166 40
2,666 05
2,64361
2,762 56
2,738 27
2,991 36
Net Earnings per Mife
1 P85 47
1,59537
1,357 75
1.710 70
1,48566
1,312 39
1.051 9-3
Expenses to Earnings
Miles of Road Owned
53. 52 p. c.
347 50
67.59 p. c.
347 50
66.25 p. C.
354 70
61. 98 p. C.
354 70
64.95 p. c.
354 70
67. 60 p. C.
354 70
73.98 p. C.
Miles of all Track Owned
370 50
370 50
380 20
382 27
386 21
386 21
Miles of Steel Rail Owned
105 50
105 50
118 75
128 75
154 95
165 50
Capital Stock . .
$
4,800,000
$
6,000,000
$
6,000,000
6,000,000
$
6,000,000
S
6,000.000
Funded Debt
7,423,282
11,070,048
11,184,443
11,287,902
11,635,000
11,635.000
Other Debt
318,845
367,291
282,842
381,316
362,685
Current Accounts, etc
8
76,844
106,793
237,375
233,477
302,026
557,940
Profit and Loss
§
121,016
34,814
Total
1
12 739 987
17,544,132
17,739,474
17,902,695
18,299.711
18.186.507
Cost of Road and Property
g
12,381,621
17,086,048
17,263,227
17,465,397
16,416,235
16,575,405
Materials and Supplies
•<
54,168
86,376
27,429
105,442
94,500
Connecting Lines, etc
223,445
243,067
269,166
170,468
181,245
20,563
Cash and Bills ... .
S
80,753
91,389
120,890
64.332
10.564
Stocks Owned
58,762
64,348
1,457,467
1,328,849
Profit and Loss
37,252
32,708
139,700
261.690
Total
a
M
12,739,987
17,544,132
17,739,474
17,902,695
18,299,711
18,186,507
The funded debt consists of the following :
Series. CLASSIFICATION op BONDS. Authorized.
1st— 6 per cent. 25-year bonds $600,000
2d —6 per cent. 30-year bonds 1,900,000
8d — 5 per cent, bonds for 5 years, and 6 per cent, for 30-years 1,100,000
4th — 3 p. c. for 10 years, 4 p. c. for 10 years, and 5 p. c. for 20 years 950,000
5th — 5 per cent. 45-year bonds 1,775,000
6th — 4 per cent, for 8 years and 5 per cent, for 43 years 1,310,000
Total amount mortgage bonds, September 30, 1886 $7,635,000
Income bonds 4,000,000
Issued.
$600,000
1,900,000
1,100,000
950,000
1,775,000
1,310,000
$7,635,000
4,000,000
Total funded debt, September 30, 1886 $11,635,000 $11,635,000
The six series of .mortgage bonds are all dated March 1, 1881. The first series of bonds
is secured by a first lien on all lines between Alexandria and Gordonsville, including the
lease of Charlottesville and Rapidan RR. ; the second series by a second lien on the same
line, and a first lien on the line between Charlottesville and Lynchburg ; the third series by
a third lien on lines between Alexandria and Gordonsville, and a second lien between Char-
lottesville and Lynchburg ; the fourth series by a fourth lien on lines between Alexandria and
Gordonsville, and a third lien between Charlottesville and Lynchburg ; the fifth series by a
fifth lien on lines between Alexandria and Gordonsville, a fourth lien between Charlottesville
and Lynchburg, and a first lien on the road fr«m Manassas Junction to Harrisonburg, and on
the lease of the Strasburg and Harrisonburg RR. to B. & O. RR. Co. ; the sixth series by a
first lien on road between Lynchburg and Danville, including Pittsville Branch and lease
POOR'S MANUAL OF RAILROADS.
653
of Franklin and Pittsylvania RR., and a sixth lien on the lease of the Charlottes ville and
Rapidan RR.
The income bonds are dated November 20, 1881, payable January 1, 1927, and bear in-
terest at the rate of 6 per cent, cumulative, payable January 1 and July 1, the amount to be
paid each year to be determined by the Board of Directors within 60 days after the close of
each fiscal year, any amount unpaid to be carried forward as a debt (not bearing interest)
against the company. Coupons of July, 1882, January, 1883, and July, 1884, were paid
iu cash.
Annual meeting, third Wednesday in December ; books close 15 days prior thereto.
RAILHOADS OWNKD OB LEASED BY THE VIKGINIA MIDLAND RAILWAY Co.
CHARLOTTESVILLE AND RAPIDAN RAILROAD.-Orange C. H. to Charlottesville, To.
(steel), 28.20 miles. Chartered February 12, 1872 : amended February 6, 1878. Leaded in perpetuity from January
1, 1880, date of completion, to the W. C'., V. M. <fc G. 8. Kit. Co., and now to its successor, the Virginia Midland
Ey. Co., at a rental of $36,000 a year, payable quarterly, for 34 years. Part of this rental is annually app led to
the reduction of the (originally §500,000) mortgage debt of the company. At the expiration of the 34 years this
debt will have been paidin full, and the Charlottesville and Rapidan KB. will then be merged into and become
the absolute property of the V. M. By. Co. Although in the form of a lease, the contract is substantially a condi-
Philadelphia, Pa., $475,900— total, $618,780. Cost of road, $650,000. The mortgage provides that stock be retired
simultaneous, and pro rata, with bonds. L. W. REID, President ; J. S. B. Thompson, Secretary and Treasurer,
Alexandria, Va.
FRANKLIN AND PITTSYLVANIA NARROW-GAUGE RAILROAD.-Pittsville, Va.,
to Rocky Mount, Va., 29.8 miles. Gauge, 3 ft,. Chartered March 12, 1878. Leased from May 1, 1880, date of com-
pletion, for 34 years to the W. C.? V. M. & G. 8. RR. Co., and its successor, the Virginia Midland Ry. Co.; the
lessee to pay from gross earnings intere.it on bonds and sinking fund of 1 per cent, per annum, the remainder of
gross earnings to be applied to reimbursement of lessee for expenses of operating. Any surplus after the latter
payment to be applied to interest and principal of the $200,000 stock bonds. Capital stock, $200,000 ; funded debt,
6 per cent. 34-year sinking fund bonds, due March 1, 1913, $100,000— total, representing cost of road, $300,000.
G. W. B. HALE, President, Rocky Mount, Va.
Board of Directors Virginia Midland Ry. Co., elected December 15, 1886.
John 8. Barbour. Washington, D. C.
C. M. Blackford Lynchburs, Va.
J. T. Lovell Front Royal, Va.
J. C. Maben New York, N. Y.
C. G. Holland Danville, Va.
John A. Rutherford.New York, N.Y.
George Parsons — New York, N. Y.
Isaac L. Rice New York, N. Y.
Alfred Sully New York, N. Y.
John H. Ininan — New York, W. Y.
Robert K. Dow Claremont, N. H.
George F. Stone. . .New York, N. Y.
James B. Pace Richmond, Va.
Ernanuel Lehman. . .New York. N.Y.
W. H. Payne Warrenton, Va.
E. D. Christian Richmond, Va.
T. M. LOGAN, President Richmond, Va.
John S. Barbour, Vice-P resident Washington, D. C.
General Jfanqger— B. B. Thomas Richmond, Va. Secretary— W. H. Marbury Washington, D. C.
Treasurer— Vf. E. Turner Alexandria, Va. Asst. Gen. Man. —Peyton Randolph Alexandria, Va.
PKINCIPAL OFFICE AND ADDBESS 168 King Street, Alexandria, Va.
New York Office 2 Wall Street.
Transfer Agents Central Trust Co., New York, N. Y.
WESTERN AND ATLANTIC RAILWAY COMPANY.
Line of Road.— Atlanta, Ga. , to Chattanooga, Tenn 138 miles.
Sidings and other tracks, 44 miles. Gauge, 4 ft. 9 in. Rail, 56, 60 to 67 Ibs.
History. — Built by the State of Georgia, and opened in 1850. Under act of the Georgia
Legislature of October 24, 1870, the road and rolling stock were leased for 20 years to a cor-
poration composed mainly of the officials of connecting roads. The lessees are under bonds
of $8,000,000 to operate and maintain the road, and pay monthly into the State treasury the
rental of $25,000.
Boiling Stock. — Locomotive engines, 55. Revenue cars — passenger, 22 ; baggage, mail
and express, 19 ; freight — box, 722 ; stock, 28 ; platform, 137 ; and coal, 328 — total cars, 1,291.
Financial Statement. — Estimated value, $8,000,000. Bonds were issued by the State
secured additionally on this property. There were also issued $690,000 10 per cent, income
bonds, payable 1879-91, interest payable quarterly, January, April, July and October.
All information refused by the officers of this company.
JOSEPH E. BROWN, President Atlanta, Ga.
W. C. Morrill, Vice-President, Secretary and Treasurer Atlanta, Ga.
General Superintendent— R. A. Anderson.. Atlanta, Ga. | General Counsel— Julius L. Browu Atlanta, Ga.
PKINCIPAL OFFICE AND ADDRESS Atlanta, Ga.
654 POOR'S MANUAL or RAILROADS.
WESTERN NORTH CAROLINA RAILROAD COMPANY.
Main Line of Road.— Salisbury, N. C., to Paint Rock, Term 189.8 miles.
Ducktown Branch : Asheville (43 m. from Paint Rock) to Jarretts, N. C 100.0 miles.
Total length of line 289.8 miles.
Sidings, etc., 7 miles. Gauge, 4 ft. 9 in. Rail (steel, 50 miles), 50 to 60 Ibs. •
History. — Chartered February 15, 1855. Road opened to Old Fort in 1869 ; to Swanna-
noa in 1879 ; to Asheville Junction in 1880 ; to Paint Rock, Tenn., and a connection with the
East Tenn., Va. and Georgia Ry., January 28, 1882. The Ducktown branch was opened to
Nantahala River about October 1, 1884, and to Jarretts during the past year. The company
has the right, granted by act of the Legislature of North Carolina, to purchase, lease or con-
solidate with any railroads in North Carolina, South Carolina, Georgia or Tennessee.
The road was leased to the Richmond and Danville RR. Co. April 30, 1886. About June
1, 1886, the gauge was changed from 5 feet to the standard width.
Rolling Stock. — Locomotive engines, 16. Cars— passenger, 6; baggage, mail, etc., 10 ;
freight (box, 17 ; coal, 73 ; platform, 25 ; stock, 17), 132 ; caboose, 4 ; others, 9 — total, 161.
Of which the company leases 3 passenger ; 4 baggage, etc. ; 10 box ; 10 stock ; 62 coal and 2
caboose cars.
Operations for year ending September 30> 1886. — Train mileage not reported. Passen-
gers carried, 110,506. Tons freight moved, 119,345 ; moved one mile, 200,654.
Earnings.— Passenger $1 62,532 31
Freight 328,739 77
Mail and Express 26,556 78
Miscellaneous 5,911 61
Total ($1,806.00 per mile) $523,740 47
Expenses.— Transportation $106,049 00
Motive Power and Cars 112.132 33
Maintenance of Way 191,913 51
General and Taxes 28,261 46
Total ($1,511.57 per mile) $-138,356 35
Net earnings (16.30 per cent.), $85,384.12. Payments : Interest on bonds other than those
held by Richmond and West Point Terminal Ry. & W. Co., $134,859.99 ; interest on unfunded
debt, $3,864.27— total, $138,724.26. Balance, deficit, $53,840.14.
General Balance SJieet, September 30, 1886.
Cost of Eoad, etc $15,782,067 77
Agents and Conductors 3,597 73
M ^iscellaneous Assets 32,954 99
Bonds on Hand 92,000 00
Profit and Loss 185,368 27
Total ....$16,095,988 76
Preferred Stock $4,000,000
Common Stock 4,000,000— $8,000,000 00
Funded Debt 7,635.00000
Unpaid 1st Mortgage Interest 38.351 54
Due Richmond and Danville RR. Co 422,637 22
Total $16,095,988 78
Funded debt consisted, September 30, 1886, of —
1st mtge. 7 per cent. bds. dated Oct. 18, 1875, due May 1, 1890, int. May and Xov $850,000
1st consol. mtge. 6 p. c. bds., dated Sept. 1, 1884, due July 1, 1914, int. Jan. & July. .2,675,000
2d consol. mortgage 6 p. c. 30-year bonds, due Oct. 1, 1914, int. April and Oct 4,110,000
The first consolidated mortgage bonds are limited in issue to $12,500 per mile of com-
pleted railroad, by substitution for issue of bonds dated June 15, 1881, withdrawn and can-
celled. Of this issue (total authorized, $3,425,000), $850,000 are reserved by trustee to retire
first mortgage bonds. Of those outstanding $1,325,000 are owned by the Richmond and West
Point Terminal Railway and Warehouse Co. Second consolidated mortgage bonds are limited
to $15,000 per mile, and are all owned by the R. & W. P. T. Ry. and W. Co. Bonds of all
classes are $1,000 each and coupon.
See statement of Richmond and West Point Terminal Railway and Warehouse Co.
Directors (elected November 28, 1885).— A. B. Andrews, W. E. Anderson, Raleigh, N. C.;
A. S. Buford, Richmond, Va.; Frank Coxe, Philadelphia, Pa.; S. H. Wiley, Salisbury, N. C.;
Wm. P. Clyde, Geo. F. Baker, N. Y.; J. E. Rankin, Asheville, N. C.; F. W. Huidekoper,
Washington, D. C.
A. B. ANDREWS, President Raleigh, N. C.
Frank Coxe, Vice-President Philadelphia, Pa.
Secretary and Treas.—Geo. P. Erwin. . .Salisbury, N. C. | General Manager— E. B. Thomas Richmond, Va
PRINCIPAL OFFICE AND ADDRESS Salisbury, N. C.
Transfer Office New York, N. Y.
POOR S MANUAL OF RAILROADS.
655
WESTERN RAILWAY OF ALABAMA.
Line of Road.— Selma, Ala., to West Point, Qa 138 miles.
Sidings, 13.21 miles. Gauge, 4 ft. 9 in. Rail (steel, 80.67 miles), 56 and 60 Ibs.
History. — The Western Railroad of Alabama was formed by the consolidation, September
t, 1870, of the Montgomery and West Point (chartered in 1834 ; road opened in 1854) and the
Western Ry. of 'Alabama (opened in 1870). Its line extended from Selma, Ala., to West Point,
Ga., 138 miles, with a branch from Opelika, Ala., to Columbus, Ga., 29 miles. On the 10th
of May, 1875, the road was sold under foreclosure and purchased for the joint account of the
Georgia RR. and Banking Co., and the Central RR. and Banking Co. of Georgia. On the 1st
of May, 1880, the purchasers leased the portion of the road extending from Montgomery to
Selma, 50 miles, to the Louisville and Nashville RR. Co. for five years at an annual rental of
$52,000, and on September 1, 1881, transferred the Columbus Branch to the Columbus and
Western RR. Co. In 1883, this branch was formally deeded to the Columbus and Western
Co., the consideration being that the Central of Georgia should assume bonds of the Western
of Alabama to the amount of $260,000, redeemed by it in 1800 and held for settlement. The
existing corporation (the Western Ry. of Alabama) was chartered March 15, 1883, and took
formal possession of the read April 1, 1883. The Georgia RR. and the Central of Georgia are
equally interested in its control. On the expiration of the lease of the Selma Division to the
Louisville and Nashville, May 1, 1885, this company again took possession of it. On January
1, 1886, the company made a traffic agreement with the Cincinnati, Selma and Mobile Ry. Co.
(statement for which see) to run for one year and subject to renewal for five years.
Rolling Stock, August 31, 1886.— Locomotive engines, 17. Cars — passenger, 19 ; bag.
gage, mail, and express, 6 ; freight (box, 147 ; coal, 3 ; platform, 63), 213 ; other, 11— total
cars, 249.
Operations for year ending August 31, 1886. — Train mileage — passenger, 139,714 ; freight,
49,748 ; mixed, 129,363 ; other, 31,126— total, 349,951 miles. Passengers carried, 136,390 ; one
mile, 5,460,004. Tons freight moved, 221,781 ; moved one mile, 13,257,900.
Earnings.— Passenger $162,155 90
Freight 268,363 95
Mail 24,652 77
Express 8,04057
Miscellaneous 2,022 20
Expenses.— Transportation $69,443 24
Maintenance of Cars 33,709 23
Motive Power 72,562 51
Maintenance of Way 100,045 86
Miscellaneous , 24,313 76
Total ($8,371.27 per mile) $465,234 89 Total ($2,174.45 per mile) $300,074 60
Net earnings (35.50 per cent.), $165,160.29. Payments : Interest, $123,440 ; dividend
March, 1886, Uper cent., $45,000— total, $168,440. Deficit, $3,279.71 ; deficit from last year,
$37,920.52— total deficit, $41,200.23.
Statement of earnings, expenses, etc., for seven years:
,
1880
(150.33 m.)
1881
(117 m.)
1882
(88 m.)
1883
(88m.)
1884
(88m.)
1885
(104.67m.)
1886
(138m.)
Gross Earn, and Rental . .
Expenses, Taxes, etc
$
679,746 58
402,797 39
$
692,911 86
876,757 79
$
442,539 77
290,302 61
$
491,576 94
258,860 18
$
457,597 08
215.926 01
465,8ii6 11
309,279 88
$
465,234 89
300,074 60
Net Earning? .
276,949 19
316,154 07
152,237 16
232,716 76
241,671 07
156,586 23
165,160 29
Rentals paid toGa. RRs.
268,000 00
322,000 00
Earn, and Rental per M . .
Gross Expenses per Mile.
Net Earmngeper Mile. . .
Expenses to Earnings. . .
4,521 62
2,679 34
1,842 28
57.07 p. c.
3,258 12
2,200 32
1,057 80
54. 37 p. c.
5,028 86
3,298 89
1,729 97
65. 60 p. c.
5,586 09
2,941 59
2,644 50
64. 80 p.c.
5,199 98
2,453 70
2,746 28
47. 19 p. c.
4,450 81
2,954 89
1,495 92
66. 39 p. C.
3.371 27
2,174 45
1,196 82
6*. 50 p.c.
General Balance Sheet, September 1, 1886.
Railway and Appurtenances $4,543,000 00
Columbus and Western Railway 260,000 00
New Rails and Fastenings 53,989 85
Due by Agents 10,457 66
Due by United States 5,266 47
Due by Other Companies 83,583 86
Total Assets $4,956,297 84
Capital Stock $3,000,000 00
Funded Debt 1,803,000 00
Bills Payable -. 50,000 00
Interest and Expenses Unpaid 29,907 57
Sundry Dues 64,477 17
Profit and Loss 8,913 10
Total Liabilities $4,956,297 84
656 POOR'S MANUAL OF BAILROADS.
Funded debt consists of $32,000 2d mortgage (M. & W. P. RB.) bonds, issued May 1, 1868,
and due May 1, 1888, interest payable May and November; $600,000 1st mortgage (VV. RR. of
Ala.) bonds, issued October 1, 1868, and due October 1, 1888, interest payable April and Octo-
ber : $1,171,000 2d mortgage (W. RR. of Ala.) bonds, issued September 15, 1870, and due Oc-
tober 1, 1890, interest payable April and October — interest on all at the rate of 8 per cent, per
annum, payable at National City Bank, New York. Interest on the second mortgage bonds is
guaranteed by the Central RR. and Banking Co. of Georgia and the Georgia RR. and Banking
Co. This company is liable only for $340,000 of the 1st mortgage bonds, the Columbus and
Western Ry. Co. having assumed the remaining $260,000 as shown in the historical state-
ment above.
Directors (elected November 11, 1886). — Henry C. Semple, Thomas G. Jones, Montgomery,
Ala. ; E. P. Alexander, Savannah, Ga. ; C. H. Phinizy, Augusta, Ga. ; J. S. Hamilton, Athens,
Ga. ; M. H. Smith, Louisville, Ky.
L. P. GRANT, President Atlanta, Ga.
General Managei — Cecil Gabbett Montgomery, Ala. | Secretary and Treas.—TL. M. Abbett Atlanta, Ga.
PRINCIPAL OFFICE AND ADDRESS Montgomery, Ala.
WESTERN RAILWAY COMPANY OF FLORIDA.
Main Line of Road. — Sharon, Fla., to a point west 6.5
Leased : Green Cone and Midland Railway 10.0 — 16.5 miles.
Sidings, 2.5 miles. Gauge, 3 feet. Rail (steel, 6.5 miles), 35 Ibs.
Jiistory. — Organized July 26, 1886, and leased the Green Cove and Midland Ry., with
the intention of extending that line to Melrose and of constructing a branch line to Stark,
In 1886 the company built 6.5 miles of road from Sharon to a poiut west, and will complete
the whole line and branch, as projected, within a year. The company also operates a logging
road running from Sharon south 8 miles.
Rolling1 Stock (leased). — Locomotive engines, 2. Cars — passenger, 1 ; freight, 30.
Operations. — No detailed statement furnished, the company not having completed its
first fiscal year. For the first six months of its existence the gross earnings from freight and
passenger traffic, stumpage on lumber, etc., were $14,240.60; expenses. $7,154.93; net, $7,-
085.67. The traffic of road consists chiefly of freighting logs and lumber from along the line
to Green Cove Springs.
Financial Statement. — Capital stock authorized, $500,000, only a small proportion of
which has been paid in. Dividends of 8 per cent, paid on amount paid in. No bonds or debt
of any kind.
G-BEEN COVE AND MIDLAND RAILWAY. -Green Cove Springs to Sharon, Fla., 10 miles.
Chartered as Green Cove Springs and Melrose KK. (Jo., February 28, 1881, and road opt-ued in March. 1883.
The capital stock was $200,000, and there were $200,000 first mortgage bonds and $.300,000 land grant bonds.
The cost of road was $iO,000; rolling stock, $10,000 ; real estate, $20,500. Defaults were made and the road pluccd
in the hands of a receiver. Sold under foreclosure August 3, 1885, and purchased by creditors, who organized the
Green Cove and Midland Ry. Co., and leased the roaa to the Western Ry. Co. of Florida. The old securities
were wiped out by the foreclosure. JOHN W. ASHBY, President, Gainesville, Fla.; J. C. Greely, Treasurer, Green
Cove Springs, Fla.
Officers of the Western Ry. Co. of Florida.
DEXTER HUNTER, President Jacksonville, Fla.
W. B. Barrett, Vice-President Jacksonville, Fla.
Treasurer— W. I. Wilson Green Cove Springs, Fla. | Secretary— S. C. Greeley Green Cove Springs, Fla,
Auditor — John Walsh Green Cove Springs, Fla.
PRINCIPAL OFFICE AND ADDRESS Green Cove Springs, Fla,
WEST VIRGINIA CENTRAL AND PITTSBURGH RAILWAY CO.
Main Line of Road.— Piedmont, W. Va., to Davis, W. Va 57.50 miles.
Branch : Shaw, W. Va., to Elk Garden Mines 2.50 miles — 60 miles.
Sidings, etc., 4.5 miles. Gauge, 4 ft. 8£ in. Kail (steel), 56 Ibs.
POOR'S MANUAL — WEST VIRGINIA CENTRAL AND PITTSBURGH RY. CO. 65 7
History.— Chartered as the Potomac and Piedmont Coal and Ry. Co., February 26, 1866 ;
name changed by Act of the West Virginia Legislature, February 23, 1881. Road opened to
Elk Garden, 13 miles, October 19, 1881, to Elkins, 32 miles, August 1, 1888 ; and to Davis,
November 1, 1884. This road is intended to connect the B. & O. RR. with the Richmond and
Alleghany RR., or with the Chesapeake and Ohio RR., the first CO miles being completed.
The company owns 29,069 acres of coal lands and 3,175 acres of iron-ore lands, and has min-
eral rights on 1,743 acres of coal land and 8,664 acres of iron-ore land. It also owns 14
acres of land at the junction of the B. & 0. RR., and lands on other points on the road, pro-
cured for depot and terminal purposes.
Rolling Stock. — Locomotive engines, 6. Cars — passenger, 6 ; freight (box, 15 ; coal,
199), 214— total, 220.
Operations for year ending December 31, 1886.— Not reported. — Earnings— passenger,
$18,789.28; coal freight, $53,450.13; other freight and express, $33,03329; mail, mileage,
etc., $14,226.65; miscellaneous, $14,126.98— total, $133,626.33. Operating expenses, $81-,
297.06. Net earnings, $52,329.27. Add net earnings from sale of coal, $34,031.59. Avail-
able revenue, $86,360.86. Paid interest on bonds, $66,000. Balance, surplus, $20,360.86;
add increase in inventories of personal property over January 1, 1886, $883.62 — total, $21,-
244.48. During the year the company sold 211,852 tons of coal.
Financial Statement, January 1, 1887. — Capital stock (outstanding, $5,500,000 ; in treas-
ury, $500,000), $6,000,000 ; funded debt, 1st mortgage 6 per cent. 30-year gold bonds, due
1911, interest January and July, $1,100,000 ; coupons payable Jan. 1, $33,180; bills payable,
$75,700 ; pay rolls, sundry accounts, etc, $28,959 ; profit and loss, $271,834.48— total, $7,509,-
173.48. Contra: Cost of road, $1,107,138.08; equipment, $175,214.03; mine construction
aud improvement, $39,157.14; real estate, depots, buildings, etc., $5,992,358.58 ; coal depart-
ment, $51,716.29; inventories of personal property and materials, $20,243.58; sundry ac-
counts, $39,157.14 ; cash, $44,401.33 — total, $7,509,173.48. Interest on bonds payable by
John A. Hambleton & Co., Baltimore.
Mining. — The first shipment of coal from the company's mines was made October 20th,
1881. The Big Vein Coal Company commenced shipping over the road in 1882, the Atlantic
Company and the Davis Mine in 1885. The total shipments of coal from October, 1881, to
January 1st, 1887, have been as follows :
Year.
Elk Garden.
Tons.
Big Vein.
Tons.
Atlantic.
Tons.
Davis.
Tons.
Total.
Tons.
1831...
11,372
11,372
1882...
228,294
28,774
257 068
1883
261,075
68,942
330 017
1884
375,590
83,170
458,760
1885
268,780
65,792
57,213
9,565
401,350
1886
211,852
50,686
68,715
20,676
346,929
Total . . .
1,356,963
297,364
120,928
30,241
1,805 496
By resolution of the stockholders, passed April 22, 1884, the bonds are limited to $1,-
100,000, aud are secured by a first moitgage on the 87,000 acres of coal aud timber lands be-
longing to the company, as well as the railroad and other property of the company.
Annual meeting, fourth Tuesday in January. Books close for annual meeting on Decem-
ber 1st, previous thereto. Trustee of bonds, Wm. P. "Whyte. Registrar of stock, Union
Trust Co., New York City.
Directors (elected January 25, 1887). — John S. Oilman, William Keyser, W. Pinkney
Whyte, J. A. Hambleton, Baltimore, Md.; A. P. Gorman, Laurel, Md.; S. B. Elkins, New
York, N. Y.; H. G. Davis, T. B. Davis, Piedmont, W. Va.; W. H. Barnum, Lime Rock, Ct. ;
J. N. Camden, Parkersburg, W. Va.
H. G. DAVIS, President Piedmont, W. Va.
S. B. Elkins, Vice-President New York, N. Y.
Sec. & Tre<ts.—E.. W. S. Moore Baltimore, Md. | General Manager— T. B. Davis Piedmont, W. Va.
Auditor— George D. Woodrow Piedmont, W. Va.
PRINCIPAL OFFICE AND ADDRESS Piedmont, W. Va.
Transfer Office • Union Trust Co., New York City.
42
658 POOR'S MANUAL OF RAILROADS.
WESTON AND BUCKHANNON RAILROAD COMPANY.
Line of Road. — Weston, W. Va., to Buckhannon, W. Va 15.25 miles.
Sidings, 0.25 mile. Gauge, 3 ft. Rail (steel, 3 miles), 30 Ibs.
History. — Chartered April, 1882; road opened in 1884.
Rolling Stock. — Furnished by Clarksburg, Weston and Glenville RR. Co.
Operations. — Not reported.
Financial Statement, December 31, 1886.— Capital stock, $20,000. Funded debt consists
of first mortgage bonds at the rate of $5,000 per mile. Cost of road, $147,250.00.
Directors (elected September 7, 1886).— J. M. Bennett, A. H. Kunst, A. A. Lewis, M. W.
Harrison, W. E. Lively, Weston,. W. Va. ; W. N. Chancellor, Parkersburg, W. Va.; Isaac
Jackson, Jane Lew, W. Va.; D. D. T. Farnsworth, Levi Leonard, Buckhannon, W. Va.
J. M. BENNETT, President Weston, W. Va.
Isaac Jackson, Vice-P resident Jane Lew, W. Va.
Sec. and Treas.—M.. W. Harrison Weston, W. Va. | Gen. Supt. & Pur. Agt.—A.. H. Kunst. .Weston, W. Va.
PRINCIPAL OFFICE AND ADDRESS Weston, W. Va.
WHEELING AND ELM GROVE RAILROAD COMPANY.
Line of Road. — Wheeling, W. Va., to Elm Grove, W. Va 8 miles.
Sidings, 2 miles. Gauge, 4 ft. 8£ in. Rail (steel), 30 Ibs.
History. — Chartered May, 1873. Road opened in March, 1874.
Rolling Sjtock. — Locomotive engines, 4 ; cars (passenger), 12.
Operations. — Not reported.
Financial Statement. — Not reported.
Directors (elected January 13, 1887).— A. Reymann, M. Reilly, J. D. Du Bois, F. Happy,
R. A. McCabe, Wheeling, W. Va.
J. D. Du Bois, President Wheeling, W. Va.
Treasurer and Secretary— E. J. Butter. . .Wheeling, Va. | General Supt.— Charles nirsh Wheeling, W. Va.
PRINCIPAL OFFICE AND ADDRESS Wheeling, W. Va..
WILMINGTON AND WELDON RAILROAD COMPANY.
Main Line of Road.— Wilmington, N. C., to Weldon, N. C 162.0 miles.
{ Tarboro' : Rocky Mount, N. C., to Tarboro', N. C 17.0 miles.
-D i J Scotland Neck : Halifax, N. C., to Scotland Neck 20.0 miles.
' | Midland : Goldsboro, N. C. , to Smithfield, N. C 22.0 nailer
^Fayetteville : Contentnea, N. C., to Fayetteville, N. C 70.8 miles.
Leased : Wilmington. Columbia and Augusta Railroad 192.0 miles.
Controlled : Albemarle and Raleigh — Tarboro to Williamstown, N. C 33.5 miles.
Total length of lines owned, leased and controlled 517.3 miles.
Sidings, owned, 22 miles ; total track owned (steel, 253 miles), 291.8 miles. Gauge, 4 feet 9
inches. Rail, 56 Iba.
History, — Chartered as Wilmington and Raleigh RR. Co., January, 1833 ; main line
opened March 9, 1840. Name changed in February, 1855. Tarboro' branch opened in Au-
gust, 1849, and Scotland Neck Branch, October 1, 1882. In June, 1885, Midland North Caro-
lina Ry. (Midland branch) was purchased. On June 1, 1885, the Wilmington, Columbia and
Augusta RR. was leased for 99 years at an annual rental equal to interest on bonds and 6 per
cent, dividends on stock.
The Fayetteville branch was completed and opened October 1, 1886. Since the close
of the year work has been in progress on two new branch lines — the Nashville bcanch, from
Rocky Mount via Nashville to a point on the Tar River, of which 10.2 miles to Nashville
was opened March 1, 1887, and the Clinton branch, from Warsaw to Clinton, 13 miles, which
was completed and opened April 1, 1887.
POORS MANUAL — WILMINGTON AND WflLDON RR. CO.
G59
Rolling Stock, September 80, 1886.— Locomotive engines, 26. Cars— passenger, 20 ; bag-
gage, mail and express, 8 ; freight (box, 269 ; platform, 165 ; btock, 10 ; caboose, 16), 460—
total cars, 488. Also, 1 officers', 1 paymaster's, 1 wrecking and 2 bridge cars.
Operations for year ending September 30, 1886.— Train mileage— passenger, 830,209 ;
freight, 265,077 ; other, 108,640— total, 703,929 miles. Passengers carried, 191,498 ; carried
one mile, 10,914,088 ; average mile rate, 2.67 cents. Tons freight moved, 208,472 ; moved
one mile, 21,062,487 ; average ton-mile rate, 2.13 cents.
Earnings.— Passenger $291,768 53
Freight 449,073 45
Mail 84,253 79
Express 23,944 21
Miscellaneous 12,599 97
Expenses.— Transportation $108,528 76
Motive Power 189,684 06
Maintenance of Cars 43,502 48
Maintenance Way and Buildings 177,489 14
General 18,385 40
Total ($3,898.82 per mile) $861,639 95 Total ($2,206.06 per mile) $487,539 79
Net earnings (43.40 per cent.), $374,100.16 ; interest, dividends, etc., received, $57,304.82
— available revenue, $431,404.98. Payments : Interest, $138,352.56 ; dividends, January and
July, 4 per cent, each, $200,000— total, $338,352.56. Balance, surplus, $93,053.42.
General Balance Sheet, September 30, 1886.
Cost of Eoad, etc $3,440,655 25
Wilson and Fayetteville Branch 753,311 98
Nashville Branch 123,73908
Stocks Owned 61,552 64
Trustee's Sinking Fund 1,711,93749
Current Accounts 221,451 72
Cash on Hand and on Deposit 23,779 70
Total Assets $6,336.427
Capital Stock (par, $100) $2,500,000 00
Funded Debt Outstanding 2,493,400 00
Current Accounts 187,623 31
ProfltandLoss 1,155,404 55
Total Liabilities $0,336,427
The item " stocks owned" comprises stock of Wilmington Ry. Bridge Co., $10,000 and
stock of Atlantic Coast Line Sleeping Car Association, $51,552.64.
The above balance sheet shows changes during the year as follows : Assets at close of
previous year, $197,650.14 ; premium on sale of stock, $45,877.50 ; add amount of new stock
issued at $110 per share, $307,792.50, and proceeds of 885 new bonds, $885,000 ; Wilmington,
Columbia and Augusta KR. lease, $219,585.85 ; sale of land at Qoldsboro, $200; and increased
floating debt, $76,631.80; steel rail account closed, $30,069.90 — total assets and receipts, $1,-
762,807.69. Contra : Paid trustees of sinking fund, $905,676.69 ; paid for construction Wil-
son and Fayetteville branch, $570,975.86 ; Nashville branch, $123,739.03 ; real estate, $10,-
110 ; A. C. L. sleeping cars, $127.06— total payments, etc., $1,610,628.69. Balance, excess of
receipts, etc., $152,179, to which add net profit of year, $93,052.42— total, $245,231.42, repre-
senting cash assets on hand September 30, 1886.
The funded febt, September 30, 1886 ($2,493,400), consisted of :
Sterling 7 per cent, bonds payable in London, May 1, 1886, interest May and November (£44,280) $221,400
Consolidated gold interest 7 per cent, bonds, payable in New York, July 1, 1896, interest Jan. and July 936,000
General 1st mortgage 5 per cent. 50-year $1,000 coup, and reg. bonds, due 1935, interest Jan. and July.. . . 1,336,000
In addition to above funded debt this company guarantees jointly with the Carolina Cen-
tral RR. Co. (each one-half), principal and interest on $315,000 seven per cent, bonds of the
Wilmington Ry. Bridge Co.
The amount of general first mortgage bonds authorized is $4.000,000. Since the close of
the fiscal year bonds of this class have been issued in exchange for the sterling bonds which
matured May 1, 1886, and $936,000 additional are reserved to meet the consolidated bonds.
The remainder provided for, $1,500,000, may be used in constructing branch roads, exten-
sions, etc.
Under authority conferred at the annual meeting held in Wilmington November 17, 1886,
the directors have issued, January 8, 1887, $2,500,000 non-cumulative income certificates of
indebtedness, irredeemable and bearing interest at rate of 7 per cent, per annum, payable,
if earned, April and October in Baltimore. These certificates were distributed to stock-
holders in the nature of a scrip dividend.
Trustee of general mortgage bonds, of general first mortgage bonds, Safe Deposit and
660
POOR'S MANUAL OF EAILROADS.
Trust Co., Baltimore, Md. Annual meeting, Wednesday after third Monday in November.
Interest on bonds payable in New York and London. Dividends payable semi-annual) y (24
paid to date) at company's office. Books close 15 days prior to dividend payments.
Statement of operations, capital account, etc. , for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Gross Earnings
$
505,978
830,285
603,175
381,477
1
750,917
447,084
$
783,790
674,318
$
797,429
601,549
$
788,014
493,383
J
824,957
451,816
$
861,640
487,540
Operating Expenses
Net Earnings
175,693
2,803 09
1,829 83
973 26
65.28 p. c.
$
1,456,200
1,619,100
51,239
342,&39
221,698
3,3 Jl 69
2,113 45
1.228 24
63.24 p. c.
$
1,456,200
1,619,100
49,792
383,784
303,833
4,160 20
2,476 92
1,683 28
59.54 p. c.
1,456,200
1,619,100
99,999
496,132
209472
4,342 33
3,181 82
1,160 51
73.28 p. c.
$
2,082,400
1,157,400
112,116
546,917
195,880
4,007 18
3,022 86
984 32
75. 44 p. c.
$
2,082,400
1,157,400
91,185
540,522
294,631
3,959 88
2,479 81
1,480 57
62.51 p. C.
$
2,082,400
1,157,400
95.196
609,697
373,141
4,004 84
2,193 28
1,811 56
54.77 p. c.
I
2,192,208
1,608,400
110,991
766,819
374,100
3,898 82
2,206 06
1,692 76
56. 60 p. c.
$
2.500,000
2,493,400
187,«88
1,155,405
Earnings per Mile
Expenses per Mile
Net Earnings per Mile
Proportion of Expenses
Capital Stock
Funded Debt
Floating Debt
Profit and Loss
Total Liabilities..
3,469,378
3,340,324
13,900
115,154
3,508,876
3,340,224
13,900
154,752
3,671,431
3,345,875
13,900
311,656
3,898,8*3
3,425,325
10,000
463,508
3,871,507
3,428,378
49,600
3t3,529
3,944,693
3,430,595
54,054
460,044
4.678,418
3,613,081
61,426
1,003,911
6,336,428
3,440.655
61,553
2.834,220
Construction, etc
Stocks
Bills, Accounts and Cash . . .
Total Resources
3,469,378
3,508,876
3,671,431
3,898,833
3,871,507
3,944,693
4,678,418
6,336,428
WILMINGTON COLUMBIA AND AUGUST A RAILROAD.-Wilmington, N. C., to Colum
bia, S. C., l'J2 miles. Sidings, etc., 20 miles. Gauge, 4 ft. 9 in. Rail (steel, 155.3 miles), 56 Ibs. Chartered in
1846 ; road opened to King^ville, S. C. (172 miles), in 1854. In January, 1867, the road was sold linder foreclosure
of mortgage. In March, 1868, the purchasers organized anew company under the present title, by which the road
was extended to Columbia, 42 mile*, and opened on the 17th of December, 1881. In October. Ib79, the road was
sold a second time under foreclosure, and agnin reorganized February 11, 1S80. For terms of reorganization, etc.
see MANUAL for 1884, pp. 422 and 423. The Central RR. of South Carolina (which see), extending from Sumter on
this company's line to Lane's, on the line of the Northeastern (S. C.) RR. Co., a dii-tance of 40 miles, is leased
jointly by the two companies at. an annual rental of $31,000. On June 1, 1885, the Wilmington, Columbia and
Augusta RR. was leased to the Wilmington and Weldon RR. Co. for 99 years at an annual rental equal to interest
on bonds and six per cent, on stock.
Rolling Stock.— Locomotive engines. 29. Cars — passenerer, 18 ; baggage, mail and express, 11 ; freight (box,
353 ; platform, 176 ; stock, 6 ; caboose, 30 ; refrigerator, 7), 572 — total, 601.
Operation* lor year ending September 30, 1886 (192 miles).— Trains run (passenger, 315,932 ; freight. 244.558),
550,490 miles. Total engine service, 645,680 miles. Passengers carried, 150,833 ; carried one mile, 8,794,227. Tons
freight moved, 21^,269 ; moved one mile, 20,302,570.
Expenses.— Maintenance of Way $158,061 40
Maintenance of Cars 83,459 67
Motive Power 124.566 22
Transportation 97,615 33
Miscellaneous 36.575 61
Ear Dings.— Passenger $205,823 18
Freight 371,931 65
Mail 64,958 71
Express 16,12167
Miscellaneous 17,920 77
Total ($3,524.77 per mile) $676,755 98 Total ($2,605.62 per mile) $500,278 23
Net earnings (26.10 per cent.), $176,477.75. Other receipts : Interest and dividends, $17,558.06— total availa-
ble revenue, $194,035.81. Payments : Interest on bonds, $96,000 ; dividends January and July, 3 per cent, each,
$57.600 ; deficit Central RR. of South Carolina, $907.52— total, $154,507.52. Balance, surplus,^39,528.29. Surplus
from last year, $241,880.95— total, $281,409.24.
General Balance Sheet, September 30, 1886.
Construction, etc $2,573,159 70
Railroad and Other Stocks 98,994 71
Current Accounts 87,717 57
Cash on Hand 119,487 66
Capital Stock $960,000 00
Funded Debt 1,600,00000
Current Accounts 207,205 23
Profit and Loss 112,154 41
Total Assets $2,879,359 64 Total Liabilities $2.879,359 64
Funded debt consists of $1,600.000 first mortgage 6 per cent. 30-year $1,000 coupon bonds, due June 1, 1910,
interest payable in New York and Baltimore, June 1, and Dec. 1.
Statement of earnings, expenses, etc., for seven years :
(192 Miles.)
1880
1881
1882
1883
1884
1885
1886
Passenger Earnings
8
117,658
3:34,909
94,879
$
152,005
404,152
84,799
$
169,967
424,737
97,925
$
195,701
403,415
119,483
$
195,945
370,23(i
86,689
$
204,750
367,990
99,054
S
205,823
371,932
99,001
Freight Earnings
Express, Mail, etc.
Gross Earnings
547,446
402,023
640,956
505,039
692,629
553,037
718,599
513,307
G52.S70
455,384
671,794
455,405
676.756
500,278
Operating Expenses
Net Earnings
145,423
2,M»(> 54
2,127 10
709 44
73. 44 p. c.
135,917
3,391 30
2,672 17
719 13
78.7!) p. c.
139,592
3.607 98
2,880 39
727 5«
79. 85 p. c.
205,292
3,742 71
2,673 48
1,069 23
71. 43 p. c.
197,486
3,400 36
2,371 79
1,028 57
69.75 p. c.
216,389
3.41)8 92
2.371 !HI
1,127 02
67. 79 p. c.
176,478
3,524 77
•j.tki.-i 62
919 15
73. 90 p. C.
Gross Earnings per Mile
Operating Expenses per Mile
Net Earnings per Mile
Proportion of Expenses
POOR'S MANUAL OF RAILROADS. 661
Annual meeting Tuesday after third Monday in Novcnilicr.
DirtctOTf W.. C. & A. RR. Co. (elected November 18, 1884>.-R. R. Brtdgers, Wilmington, N. C.; W.T. Wal-
ters, B. P. Newcomer, Geor-re C. Jenkins, Enoch Pratt, (irorge 8. Brown. Baltimore, Md.; H. B. Plant, New
York, N. Y.; H. B. Short, Lake Waceaman, N. C.; H. \V»licrs, Maltimorf, Mil.; .1. T. Biirron, Columbia, 8. C.
R. R. BKIDGKKS, I'l-taii/,/,/. Wilmington, N. C.; W. T. Walters. I /,-, /-,><;. l.nt, Baltimore, Md.; James P. Post,
Jr., Secretary and Treasurer, Wilmington, N. C. PRINCIPAL OFFICE AND ADDRESS, Wilmington, N. C.
Board of Directors W. cfc W. Hit. Co., elected November 19, 1880.
W. T. Walters Baltimore, Md.
J. P. McC.-iy Baltimore, Md.
Don MacRae Wilmington, N. C.
B. F. Newcomer Baltimore, Md.
H. B. Plant New York, N. Y.
E. B. Borden Ooldsboro1. N. C.
H. Walters Baltimore, Md.
A. J. DeRast-et. ..Wilmington, N. C.
Oeo. Howard Tarboro', N. C.
W. H. Willard Raleigh, N. C.
R. R. BRIDGERS, President Wilmington, N. C.
B. P. Newcomer, 1st Vice-President Baltimore, Md.
H. Walters, 2d Vice- President Baltimore, Md.
Sec. cfc Treas.— James F. Post, Jr. . .Wilmington, N. O. | Gen. Superintendent— 3 . F Divine . . .Wilmington, N. C.
General Manager— B.. Walters Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.
WILMINGTON, CHADBOURN AND CONWAYBORO RAILWAY COMPANY.
Line of Road as projected.— Cbadbourn, N. C., to Conway, S. C 38 miles.
Completed : Chadbourn, N. C., to Bayboro, S. C 27 miles.
Sidings, 1.5 miles. Gauge, 5 ft. 9 in. Rail, 56 Ibs. fish bar.
History. — Incorporated in North Carolina in 1883 ; in South Carolina in 1885 ; consoli-
dated in 1886 ; road opened to Mount Tabor, N. C., 14 miles, in February, 1886 ; to Loris
in December, 1886, and to present terminus early in 1887. Whole line to be completed and
opened by December 1, 1887.
Operations. — Detailed statement not furnished. Freight receipts during last fiscal year
amounted to $8,500 on portion completed.
Financial Statement.— Capital stock paid in, $102,700. No bonds.
Directors. — James H. Chadbourn, George Chadbourn, W. H. Chadbourn, Wilmington,
N. C.; J. H. Chadbourn, Jr., H. A. McEachem, Chadbourn, N. C.
W. H. CHADBOURN, President Wilmington, N. C.
J. H. Chadbourn, Jr., Superintendent - Chadbourn, N. C.
PRINCIPAL OFFICE AND ADDRESS Chadbourn, N. C.
WINIFREDE RAILROAD COMPANY.
Main Line of Road. — Winifrede Junction (Kanawha Co.), to Winifrede, W. Va.4.54 miles.
Coal Branch : Winifrede to Coal Mines 1.00 miles.
Sidings, 0.5 mile. Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs. per yard.
Histofy.— Chartered in November, 1881; road opened In 1882. The Winifrede Coal Co.,
a distinct corporation, has a capital stock of $600,000 (no bonds or other debt), of which $450,-
000 are paid in. The latter company is owner of 10,000 acres of coal lands, a portion of which
is developed by this road.
Rolling Stock, November 30, 1886. — Locomotive engines, 2. Cars — passenger, 1 ; plat-
form, 4 ; coal, 120— total, 125.
Financial Statement, November 30, 1886.— Capital stock, paid in (authorized, $200,-
000), and representing cost of road, etc., $150,000. No bonds.
Annual meeting, second Wednesday in January.
Directors (elected January 12, 1887). — James A. Wright, Amos R. Little, C. J. Harrah,
R. C. McMurtrie, Sydney L. Wright, James P. Scott, Wm. Cochran, Theo. Wright, David G.
Tales, Philadelphia, Pa.
THEODORE WRIGHT, President Philadelphia Pa.
Treasurer— James A. Wright Philadelphia, Pa. I Secretary— D. W. Chandler Philadelphia, Pa,
Superintendent— R. B. Gissady.. Winifrede, Kanawha County, W. Va.
PRINCIPAL OFFICE AND ADDRESS 305 Walnut Street, Philadelphia, Pa.
6G2 POOR'S MANUAL OF RAILROADS.
WRIGHTSVILLE AND TENNILLE RAILROAD COMPANY.
f FT? j Wrightsville, Ga., to Tennille, Ga 16.25
aa*~~ "I Wrightsville, Ga., to Dublin, Ga 19.00—35.25 miles.
Gauge, 4 ft. 9 in. Bail (steel), 40 »bs.
History. — Organized November 7, 1883, as Wrightsville and Sun Hill RR. Co., and
present title adopted December 28, 1883. Second-hand rails, etc., were furnished by the
Central RR. Co. for $85,000, payable in preferred stock at 6 per cent, from uet earnings of
company. On December 1, 1886, the Dublin and Wrightsville RR., 19 miles, was completed
and consolidated with this company.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2; baggage, etc., 2; other
cars supplied by the Central RR. Co.
Operations for year ending November 30, 1886. — Not reported. Earnings, $30,985.56:
expenses, $24,378.66 ; net earnings, $6,606.90.
Financial Statement, November 30, 1886. — Capital stock, $59,425 ; partial payments on
stock not issued, $5,255.43; profit and loss, etc., $1,989.07; bills payable, $14,197.14; W.
& T. RR., $30,985.66 ; D. & W. RR., $6, 913.90 -total, $118,766.10. Contra: Construction,
equipment, etc., $59,425 ; real estate, $5,290; expense account, $33,659.96. Bills receivable
and accounts, $20,391.14.
Directors.— W. B. Thomas, W. C. Matthews, Tennille, Ga.; A. F. Daly, Wrightsville,
Ga.; W. S. Ramsey, Dublin, Ga. ; L. C. Beacham, Condor, Ga.; Wm. Rogers, Savannah, Ga. ;
C. R. Pringle, R. L. Warthen, Sandersville, Ga. ; G. B. Harrison, Harrison, Ga.
W. B. THOMAS, President and Superintendent Tennille, Ga.
W. C. Matthews, Secretary and Treasurer Tennille, Ga.
PRINCIPAL OFFICE AND ADDRESS Tennille, Ga.
Statement of Railroads in Group 4 received too late for insertion in their proper places.
BLUE SPRING, ORANGE CITY AND ATLANTIC RAILROAD COMPANY.
Line of Road. — Blue Spring, Fla., to New Smyrna, Fla 30 miles.
Sidings, 1 mile. Gauge, 4 ft. 9 in. Rail (steel), 50 Ibs.
History. —Road opened from Blue Spring to Lake Helen, 8 miles in 1885, and to present
terminus on March 8, 1887. Placed in the hands of a receiver in 1886. Under authority of
the court, receiver's certificates have been issued from time to time and sold, the proceeds
being used in finishing the road, building station houses, and purchasing equipment, etc.
The company is now in process of reorganization. A controlling interest in the road is held
by E. R. Chapman, of New York, N. Y. There is now under construction a branch line
from Lake Helen to DeLaud, Fla., 5 miles.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2 ; baggage, man, and ex-
press, 1 ; platform, 12 — total cars, 15.
Operations, etc., not reported.
Financial Statement.— Capital stock, $350,000 ; funded debt, $350,000.
DEXTKK HUNTER, Receiver Jacksonville, Fla.
J. E. THWING, President Orange City, Fla.
James Gilfillan, Vice-President New York, N. Y.
Sec. & Treas.—S. E. Church New York, N. Y. | Gen. Supt.—J. D. Hollister Orange City, Fla.
PRINCIPAL OFFICE AND ADDRESS Jacksonville, Fla.
FLORIDA MIDLAND RAILROAD COMPANY.
Line of Road.— Longwood, Florida, to Ocvee 20 miles.
Sidings, 1 mile. Gauge, 4 ft. 9 in. Rail, 56 Ibs.
History. — Chartered in 1885 ; construction begun in summer of 1886, and road com-
POORS MANUAL OF RAILROADS.
C63
pleted as above in December of that year. Total length of line as projected, from Lake
Jessup to Kissiinee, about 55 miles ; work now in progress on both ends of the line. A fur-
ther extension from Kissimee south to Punta Rassa, a distance of 150 miles, is in contempla-
tion. No further information furnished. It is said that this company has a large and
valuable land grant.
Directors. — John F. Cogswell, Andover, Mass. ; Moses W. Dorr, Elisha Whitney, John
Spaulding, Cyrus Carpenter, C. C. Read, Boston, Mass.
EDWARD PAGE, President Boston, Mass.
Secretary and Treasurer— C. W. Morris. .Boston, Mass. | Gen. Fgt. & Pass. Agt.—R. B. Fose. . . .Longwood, Fla.
PRINCIPAL OFFICE AND ADDRESS Longwood, Fla.
GROUP 5.— Railroads of Gulf and Mississippi Valley States : Alabama, Mississippi, Louisiana,
Tennessee, Kentucky.
ALABAMA GREAT SOUTHERN RAILROAD COMPANY.
Line of Road. — Wauhatchie, Tenn., to Meridian, Miss 290.18 miles.
Sidings, 55.60 miles. Gauge, 4 ft. 8£ in. Rail— iron, 56 ; steel (175.14 miles), 56 and 60 Ibs.
History. — Chartered in Alabama, December 12, 1853, as Northeast and Southwest Ala-
bama, and reorganized as Alabama and Chattanooga, October 6, 1868. Whole line completed
May 17, 1871. Default made January 1, 1871; road sold January 22, 1877. Present company
organized by purchasers November 30, 1877.
The company uses the tracks of the N., C. & St. L. RR. from Wauhatchie to Chattanooga,
5.32 miles, making the total line operated 295.50 miles.
Rolling1 Stock. — Locomotive engines, 35. Cars — passenger, 12; baggage, mail, etc., 8;
freight (box, 64 ; fruit, 491 ; stock, "5 ; flat, 71 ; coal, 198 ; dump, 178), 1,007 ; caboose, 22 ;
other, 28 — total cars, 1,077. Also, 3 steam shovels.
Operations for year ending December 31, 1886. — Train mileage — passenger, 439,994 ;
freight, 637,058; other, 296,087— total, 1,373,139 miles. Passengers carried, 204,519 ; carried
one mile, 11,251,318; average mile rate, 2.55 cents. Tons freight moved, 722,408; moved
one mile, 79 629,159 ; average ton-mile rate, 1.01 cents.
Earnings.— Passenger $287,150 15
Freight 859,841 46
Mail and Express 46,892 16
Miscellaneous 21,911 24
Expense*.— Maintenance of Way $225,034 49
Rolling Stock 288,86212
Transportation 298,952 28
Miscellaneous and Taxes 125,548 52
Total ($4,119.31 per mile) $1 ,215,195 01 Total ($3,175.63 per mile) $938,397 41
Net earnings (22.78 per cent.), $276,797.60; other receipts, $724.18— net income. $277,-
521.78. Payments : Interest on bonds, $105,000 ; other payments, $53,108.82— total, $158,-
108.82. Surplus, $119,412.96 ; surplus, December 31, 1885, $11,303.63— total, $130,716.59 or
£26.896 8s. 2d. Of this sum £4,746 2*. lid. was payable to English Co. for expenses, and
£18,900 Os. 6d. for back dividends on preference shares, payable April 20, 1887, leaving net
surplus of £3,250 4s. 9d.
General Balance Sheet (American Corporation), December 31, 1886.
Road, Equipment, etc., etc $12,611,166 90
Stock C., N. O. & T. P- Ry. Co. (contra).. 972,000 00
Materials and Supplies 263,489 38
81,529 45
860 76
82,414 35
76,627 31
445,928 53
21,00000
16,437 14
76,000 00
Due from other Companies
Bills Receivable
Accounts and Balances
Cash on Hand, etc
General Account, English Co
First Mortgage Bonds in Trust
Int. Included in Equipment Trust Notes..
Suspense Account
Total Assets $14,647,45382
Ordinary Share Capital $7,830,000 CO
Preference Share Capit al 3,380,350 00
Funded Debt, 1st Mortgage Bonds 1,750,000 00
Eng. Co., for joint int. in C., N. O. & T. P. . 972,000 00
Equipment Trust Notes 199,237 44
Liens and Claims in Suspense 19,632 19
Loans, Interest and Coupons 103,280 00
Sundry Creditors : %. 185,21188
Due other Companies 20,292 12
Reserve for Renewal of Rolling Stock 56,733 60
Profit and Loss 130,716 59
Total Liabilities $14,647,453 82
664 POOR'S MANUAL OF RAILROADS.
Preference capital stock is entitled to preferential dividends gf 6 per cent., cumulative
for 6 years; authorized amount, $4,000,000. Funded debt consists of $1,750,000 first mort-
gage 6 per cent. 30-year gold bonds, due January 1, 1908, interest payable in New York
January and July — outstanding, $1,714,000; deposited in trust to meet outstanding claims,
$21,000 ; in hands of English company, $15,000. Trustees : Farmers' Loan and Trust Co.,
New York.
Annual meeting, not later than May, and books close about fourteen days prior to meet-
ing. Principal and interest of bonds payable in gold in New York. Stock and bonds listed
at London, England ; also quoted at Glasgow, Scotland.
General Balance Sheet (English Company), December 31, 1886.
Nominal Capital (£10 per share) : £ s. d.
Stock American Co. Owned : £ s. d.
Ordinary £1,566,000
Preference.. 676,070—2,342,070 0 0
Stock C., N. O. & T. P. Ry. Co 200,000 0 0
First Mortgage Bond? of American Co... 3.086 8 5
Office Furniture and Fittings 334 19 8
Sundry Debtors 1,006 3 9
Cash 31,636 8 5
Revenue Account (Amer. Corporation)... 23,646 3 5
Total Assets £2,501,780 3 3
Ordinary £1,566,000
Preference . . . 800,000— £2,366,000
Less Unissued 123,930—2,342,070 0 0
Debenture Bonds £134,000 0
Accrued Interest to Date . . . 2,914 10— 136,914 10 0
BillsPayable 10,000 0 0
Sundry Creditors 1,366 2 4
Unclaimed Dividends 77413 9
American Co. Gen. Account ... 91,75416 8
Profit and Loss 18,900 0 6
Total Liabilities £2,501,780 3 3
The debentures are for £100 each, issued in 1886, due August 15, 1906 ; interest 6 per
cent, gold, payable in London January and July. They are exchangeable for any mortgage
bonds issued after them.
Revenue Account (English Company), December 31, 1886. — Received from American
corporation for expenses, £2,372 5s. 4<Z. ; for interest on debentures, £2,373 17s. Id. ; dividend
on preference shares receivable from American corporation, less income tax, £18,900 Os. 6d.—
total, £23,G46 3s. 5d. Payments : Salaries, £1,009 9s. 4d. ; directors' and auditors' fees, £821,
other expenses (£574 4s. Qd., less transfer fees, £32 8s. 6rf.), £541 16s. Od.; interest on deben-
tures, £2,373 17s. Id.; balance, £18,900 Os. 6d.— total, £23,646 3s. 5d.
Directors. — Augustus B. Abraham, H. Doughty Browne, Charles Schiff, Roger Eykyn,
Charles Laurence Young, Geo. W. Medley, T. W. Snagge, London, Eng.
AUGUSTUS B. ABBAHAM, President English Company London, Eng.
CHAULES SCHIFF, President American Corporation Cincinnati, O.
Comptroller— C. C. Harvey Cincinnati, O. I Secretary— R. V. Tomlinson London, Eng.
General Manage! — John C. Gault Cincinnati, O. | Treasurer— Ferdinand Hahn Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
London Office 9 Drapers' Gardens, London, Eug.
ANNISTON AND ATLANTIC EAILROAD COMPANY.
Line of Road. — Anniston, Ala., to Sylacauga, Ala 53 miles.
Sidings, etc., 4.91 miles. Gauge, 3 ft. Rail, steel, 30 Ibs.
History. — Chartered May 24, 1883 ; road opened from Anniston to Talladega, 30 miles,
May 15, 1884; to Sycamore, Ala., 45 miles, September 15, 1884, and to present terminus,
December 1, 1886. A brancli line is projected to ruu from Sylacauga, Ala., to the timber
lands, about 4 miles. This company purchased and incorporated in its line the Clifton RR.,
which extended from Jenifer, Ala., to Ironaton, Ala., about 9 miles.
Rolling1 Stock. — Locomotive engines, 4. Cars — passenger, 3 ; baggage, etc., 1 ; freight
(box, 16; ore, platform and charcoal, 73), 89 ; caboose, 1 — total cars, 94.
Operations for year ending March 81, 1887. — Mixed train mileage, 64,454. Passengers
carried, 26,568 ; carried one mile, 375,269. Tons freight moved, 87,924 : moved one mile,
2,397,794.
POOR'S MANUAL OF RAILROADS. 665
Earnings.— Passenger $11,107 25
Freight 54,084 72
Mail 1,90019
Miscellaneous 1,008 50
Total ($1,285.03 per mile) $68,106 66
Expenses.— Transportation $16,071 97
Motive Power 11,88512
Mainteynce of Cars 1,287 44
Maintenance Way <fc Bnildings . 14,209 26
General Expenses 4,482 93
Total ($904.47 per mile) $47,936 72
Net earnings from traffic (29.61 per cent.), $20,169.94.
Financial Statement, March 31, 1887.— Capital stock (par, $100), $346,600 ; funded
debt, 1st mortgage 6 per cent. 20-year coupon $500 bonds, due December 1, 1903, interest
payable June and December, $400,000 ; bills payable, $38,972.60; profit and loss, $39,243.31
— total, $824,815.91. Contra: Cost of road and equipment, $736,125:09 ; interest on bonds,
$53,190 ; materials, cash and balance, $35,500.82.
Annual meeting, last secular day in April. Interest on bonds payable at the office of
the trustee, Fidelity Insurance Trust and Safe Deposit Co., of Philadelphia, Pa. S. F.
Tyler, Financial Agent, Philadelphia, Pa.
Directors (elected April 30, 1887).— A. L. Tyler, Samuel Noble, George Noble, D. T.
Parker, Anniston, Ala.; R. H. Isbell, W. H. Skaggs, Talladega, Ala.; Qeo. F. Tyler, S. F.
Tyler, Philadelphia, Pa.; Walter S. Gurnee, Jr., New York, N. T.
A. L. TYLER, President Anniston, Ala.
S. F. Tyler, Vice-Present Philadelphia, Pa.
Treas. & Acting Sec.— D. T. Parker Anniston, Ala. | Superintendent— Thomas K. Scott Anniston, Ala.
PRINCIPAL OFFICE AND ADDRESS Anuiston, Ala.
ASHLAND COAL AND IRON RAILWAY COMPANY.
Line of Road.— Ashland, Ky., to Straight Creek June. (E., L. & B. S. RR.). .22.06 miles.
Sidings, 12 miles. Gauge, 4 ft. 8| in. Rail (steel, 22 miles), 60 Ibs.
History. — Road opened in 1856, 9 miles; in 1865 to Rush, 14 miles; and in 1881 to pres-
ent terminus. Known as Lexington and Big Sandy until 1865, and as Lexington and Big
Sandy RR., Eastern Division, until May 1, 1880, when the company adopted the present
name. This line is operated by the company in connection with coal and iron mining and
manufacturing business. By contract with the Elizabethtown, Lexington and Big Sandy RR.
Co., the latter has running privilege over this line.
Rolling Stock. — Locomotive engines, 7. Cars — passenger, 1 ; freight (box, 4 ; platform,
50; coal, 378), 432.
Earnings for year ending March 31, 1886. — Passenger, $4,484 ; freight, $51,149; other,
$35,458— total, $91,091. Operating expenses, $58,538. Net earnings, $32,552.
Financial Statement.— Capital stock (par, $50), $1 ,494,500 ; funded debt, 1st mortgage
7 per cent. 20-year bonds, due 1900, interest February and Augusi, $244,000 ; floating debt,
$212,439.
Directors (elected May 18, 1887).— George N. Biggs, Frankford, W. Va.; Jas. M. Bailey,
Pittsburgh, Pa.; Douglas Putnam, Jr., Ashland, Ky. ; John G. Peebles, Portsmouth, 0.; A.
S. Winslow, Cincinnati, 0. ; John Means, Ashland, Ky.
JOHN MEANS, President Ashland, Ky.
Secretary and Treasurer Robert Peebles. | General Superintendent Douglas Putnam, Jr.
PRINCIPAL OFFICE AND ADDRESS Ashland, Ky.
t BIRMINGHAM, SELMA AND NEW ORLEANS RAILROAD COMPANY.
Main Line of Road. — New Orleans, La., to Selma, Ala .- 240 miles.
In operation : Selma, Ala., to Martin, Ala 21 miles.
Sidings and other tracks, 1 mile. Gauge, 4 ft. 9 in. Rail, 56 Ibs.
History. — Incorporated November 16, 1886, and succeeded, by purchase, to the railroad,
666 POOR'S MANUAL OF RAILROADS.
franchises and other property of the Selma and New Orleans RR. Co. According to the
articles of incorporation this company has a capital stock of $200,000, in shares of $100 each,
with privilege of increasing the same to an amount not exceeding $1,000,000.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; freight, 9 — total cars, 10.
Operations, year ending December 31, 1885. — Trains run, 12.960 miles. Earnings,
$24,801.94. Expenses, $24,573.81. Net earnings, $228.13.
Financial Statement.— Capital stock (par, $100), $200,000.
Annual meeting, third Tuesday in April, at Selma, Ala.
Directors (elected April, 1887.— Alexander W. Joflfes, Alpheus M. Fowlkes, William
P. Armstrong, Norman Webb, Bishop S. Melvin, Selma, Ala.; John W. Crenshaw, Marion,
Ala.; William T. Crenshaw, Atlanta, Ga.
A. W. JONES, President Selma, Ala.
Superintendent— Norman Webb Selma, Ala. | Secretary and Treasurer— A. M. Fowlkes . . . Selma, Ala.
PRINCIPAL OFFICE AND ADDRESS Selma, Ala.
CAHABA RAILWAY AND COAL COMPANY.
Line of Road. — Blocton, Ala., to Woodstock, Ala 10.23 miles.
Sidings, etc., 0.67 mile. Gauge, 4 ft. 9 in. Rail (steel, 10.23 miles), 56 Ibs.
History. — Chartered July 13, 1883 ; road opened February 12, 1834. Used to haul the
product of the company's mines to the Alabama Great Southern RR. at Woodstock. The
company owns 2 locomotive engines and leases one passenger car. Extension of 2 miles now
(June, 1887) under construction ; to be completed August 1, 1887.
No information regarding financial condition, etc., furnished.
Directors.— W. A. Clark, New York, N. Y. ; F. L. Underwood, Kansas City, Mo. ; C.
Cadle, Jr., T. H. Aldrich, Cincinnati, O.; W. F. Aldrich, Aldrich, Ala.
W. A. CLARK, President New York, N. Y.
Vice-President— -T. H. Aldrich Cincinnati, O. | Secretary and Treasurer— C. Cadle, Jr. ... Blocton, Ala.
PBINCIPAL OFFICE AND ADDRESS Blocton, Bibb County, Ala.
CHESAPEAKE AND NASHVILLE RAILWAY COMPANY.
Main Line* of Roid as Prniprtpd • 1 Nashville- Tenn., to Danville, Ky 165 miles.
10J6C ,(l . -j Glasgow> K?r to Elizabethtown, Ky 40 miles.
r>™,™,,.7 „„ • fj (Bethpaffe, Tenn., to Hartsville, Tenn. . Smiles.
Branches projected : j Gallapt} * 'Tenn> _ 'to clarksvme; Tenn 30 miles.
Completed : Gallatin, Tenn., to Scottsville, Ky 35 miles.
Sidings, 3 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs.
History. — The Cincinnati, Green River and Nashville RR. Co. was chartered February 23,
1882, to build a road from a junction with the Cincinnati Southern RR. to Nashville, Tenn.
Charter amended May 12, 1884, changing the name to the Chesapeake and Nashville Ry. Co.,
and authorizing a connection with the Kentucky Central RR. at or near Stanford, Ky. ; also
a branch line to Louisville, Ky. Further amendments, adopted in 1886, authorized a con-
nection with the Chesapeake, Ohio and Southwestern RR. and an extension to the Ohio River
at a point to be selected. Consolidated March 15, 1885, with a company of the same name,
chartered in Tennessee, October 6, 1884. Line located from Scottville, Ky., to Glasgow, 25
miles. Surveys from Glasgow to the northern terminus indicate a main line to near Danville
Junction on the Cincinnati Southern RR., 100 miles, with a branch line from Glasgow via
Hodgenville and Elizabethtown to Louisville, Ky., 100 miles. Grading on the branch from
Bethpage to Hartsville is nearly completed.
Rolling Stock. — Locomotive engines, 2. Cars— passenger, 1 ; baggage, mail, etc., 1 ;
freight, 27— total, 29.
Financial Statement.— Capital stock, $1,050,000; funded debt, $875,000; bills payable,
$5,500— total, $1,930,500. Contra : Cost of completed road, $1,925,000.
POOR'S MANUAL OF RAILROADS. 667
Funded debt consists of 5 per cent. 50-year bonds, dated August 1, 1887, due August 1,
1937, interest payable February and August ; authorized issue, $30,000 per mile. Annual
meeting, last Saturday in June.
Directors.— I. E. Gates, R. T. Colburn, E. H. Pardee, F. H. DaviP, New York, N. Y. ;
E. Zimmerman, Cincinnati, 0. ; J. J. Turner, Gallatin, Tenn.
E. ZIMMERMAN, President Cincinnati, O.
R. T. Colburn, Vice-President New York, N. Y.
Treasurer— I. E. Gates New York, N. Y. | Secretary— H. M. Hovt New York, N. Y.
General Superintendent— 'Robert Meek Gallatin, Tenn.
PRINCIPAL OFFICE AND ADDKESS Mills Building, New York, N. Y.
CINCINNATI AND GREEN RIVER RAILWAY COMPANY.
Line of Road. — King's Mountain, Ky., to Yosemite, Ky 15 miles.
Sidings, etc., 1.50 miles. Gauge, 4 ft. 9 in. Rail (steel, 8 miles), 35 and 45 Ibs.
History. — Chartered in 1883 as the Cincinnati and Green River Ry. Co., by the Legisla-
ture of the State of Kentucky. Road opened in June, 1884. It is proposed to extend the
road from its present terminus, via Greensbury, Ky., to a connection with the main line of
the Louisville and Nashville Railroad. The gauge was changed from 5 ft. to the standard
June 1, 1886.
Rolling1 Stock. — Locomotive engines, 2. Cars — passenger, 1 ; baggage, etc., 1 ; freight
(platform, 50), caboose, 1 — total, 53.
Operations for year ending December 31, 1885. — Trains run, 15,900 miles. Earnings —
passenger, $1,550 ; freight, $15,451.57 ; mail, $628— total, $17,629.57 ; operating expenses,
$6,921.36. Net earnings, $10,708.21.
Financial Statement.— Capital stock (par, $1,000), $150,000 ; bills payable, $455.20 ;
other liabilities, etc., $44,344.80— total, $194,800. Cost of road, $160,000 ; rolling stock,
$28.300 ; real estate, $6,200 ; materials and fuel, $300— total, $194,800.
Directors (elected April 1, 1885). — E. Zimmerman, John J. Perkins, R. A. Holden, Jr.,
J. S. Burroughs, Lowe Emerson, Cincinnati, 0.
E. ZIMMERMAN, President Cincinnati, O.
Lowe Emerson, Vice-President Cincinnati, 0.
Secretary/ — R. A. Holden, Jr Cincinnati, O. | Treasurer— John J. Perkins Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Yosemite, Ky.
Transfer Office 31 and 33 West Pearl Street, Cincinnati, O.
CINCINNATI AND SOUTHEASTERN RAILWAY COMPANY.
Line of Road. — Newport, Ky., to Pound Gap, Ky 250.00 miles.
In operation : Johnson, Ky., to Hilsboro', Ky 18.50 miles.
Gauge, 4 ft. 8£ in. Rail. 35 Ibs.
History. — Chartered as Covington, Flemingsburg and Pound Gap Ry. Co. in 1871; road
opened to FJemingsburg in 1877; to Hilsboro' in 1878. Name changed to Licking Valley Ry.
Co. in 1879. Present title adopted in 1880.
Financial Statement, December 31, 1881.— Capital stock, $3,000,000 ; funded debt, $2,-
700,000 1st mortgage sinking fund 6 per cent, gold bonds, dated July 1, 1880, due July 1, 1910.
Sinking fund, 1£ per cent, per annum.
Later information refused.
Directors (elected July 6, 1881).— Charles Miller, C. W. Mackey, J. C. Sibley, H. M.
Hughes, J. M. Dickey, R. Richardson, Franklin, Pa.; John V. Patton, Cincinnati, 0.; J. E
French, Cleveland, 0.; John B. Clark, Brooksville, Ky. ; A. M. Black, Louisa, Ky.; E. C
Bradley, Bradford, Pa.
CHARLES MILLER, President Franklin, Pa.
Treasurer— 3. Reineman Franklin, Pa. | Secretary— H. M. Hughes Franklin, Pa.
PRINCIPAL OFFICE AND ADDRESS Newport, Ky.
Transfer Office New York, N. Y.
668 POOR'S MANUAL or RAILROADS.
CINCINNATI, NEW ORLEANS AND TEXAS PACIFIC RAILWAY CO.
(Lessee of the Cincinnati Southern Railway.)
Line of Road. — Cincinnati, 0., .to Chattanooga, Tenn 835.92 miles.
Sidings, 82.37 miles. Gauge, 4 ft. 8| in. Kail (steel, 317.42 miles), 53 and 60 ; iron, 60 Ibs.
History. — Organized under the laws of the State of Ohio, October 8, 1881, as le>see of the
Cincinnati Southern Ry., which was incorporated by an act of the Legislature of Ohio, May
4, 1869. The road was projected and built for the purpose of enlarging the trade of the city
of Cincinnati in a southerly direction. Construction was begun in December, 1873 ; road
opened from Cincinnati to Somerset, Ky., 158.3 miles, July 21, 1877 ; and to Chattanooga,
Tenn., February 12, 1880. The city of Cincinnati supplied the means for construction by an
issue of bonds as follows :
1st series, July 1, 1872-1902, interest 7 per cent. January and July ($700,000 authorized),
1587,000 ; 2d series, July 1, 1872-1902. interest 7.3 per cent. January and July ($9,300,000
authorized), $8,362,000 ; 3d series, May 1, 1876-1906, interest 7.3 per cent. May and Novem-
ber ($2,800,000 authorized), $2,032,000: 4th series, May 1, 1876-1906, interest 6 per cent. May
and November ($3,200,000 authorized), $2,954,000 ; 5th series, November 1, 1878-1908, inter-
est 7 per cent. May and November ($1,000,000 authorized), $1,000,000 ; 6th series, August 1,
1879-1909, interest 6 per cent. February and August ($1,000,000 authorized), $1,000,000.
On the 12th of October, 1881, the road was leased to the C., N. 0. & T. P. By., at a
rental, payable quarterly, of $812,000 a year, for a period of 5 years ; $912,000 a year for a
second period of 5 years ; $1,012,000 a year for a third period of 5 years ; $1,102,000 a year
for a fourth period of 5 years, and $1,262,000 yearly for a fif'h period of 5 years. The rental
is the only fixed charge upon the road. In the summer of 1886 the gauge of the road was
narrowed to the Northern standard.
Rolling Stock, December 31, 1886. — Locomotive engines, 62. Cars — passenger, 27; bag-
gage, mail and express, 14 ; freight (box, 1,287 ; platform, 305 ; stock, 247 ; coal, 364 ; oil
tank, 6 ; refrigerator, 60; fruit, 92; caboose, 36), 2,397 ; boarding, 17 ; derrick, 2— total cars,
2,457.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $626,463 31
Freight 2,130,76512
Mail 56,903 81
Express :. 43,654 96
Miscellaneous.... 20,81895
Total ($8,569.32 per mile) $2,878,606 15
Expenses.— Transportation $635,293 54
Motive Power 454,017 53
Maintenance of Cars 150,455 11
Maintenance Way & Buildings. 340,720 33
General.., 173,39289
Total ($5,219.88 per mile) $1,753,879 40
Net earnings (39.07 percent.), $1,124,726.75; interest and dividends received, $3,565.61 —
total income, $1,128,292.36. Payments : Taxes, $79,700 ; rentals leased lines, $822,043.02 ;
remuneration of trustees, $12,000— total, $913,743.02. Surplus for year, $214,549.34. Paid
to sinking fund, $56,277.71— balance, $158,271.63 ; surplus from last year, $65,926.51— net
surplus, $224,198.14.
General Balance Sheet, December 31, 1885.
Capital Expenditure :
Purchase of Equipment, etc $1,865,773 88
Betterment, etc., to roadway 1,650,901 45
Materials and Supplies 106,197 50
Other Railroads 152,14844
Current Accounts 239,481 36
Cash on Hand and in Banks 28,011 33
City of Cincinnati (Claim Tor Damage) 25,107 56
Bills Receivable 2,673 69
Total Assets $4,070,295 21
Capital Stock $3,000,000 0
Reserve for Sinking Fund 223,601 58
Reserve for Repairs and Renewals 45.621 14
Sundry Creditors 210,52830
Creditors on Pay-Roll 88,746 09
Other Companies 76,567 7
Trustees Cincinnati Southern Ry 901,032 ^6
Profit and Loss 224,19814
Total Liabilities $4,070,295 12
The share capital of the new company, $3,000,000, has been fully paid in and expended,
together with an additional sum of $516,675.33, in improvements of various kinds. Of the
capital stock, 51 per cent, is held by the Alabama, New Orleans, Texas and Pacific Junction
Railways Company (Limited) of London, England.
POORS MANUAL OF RAILROADS.
669
Statement showing the operations and earnings for five years :
1882
1883
1884
1885
1886
Passenger Train Mileage
$
611,934
936,333
476,122
25,28;!,083
806,238
8
781,298
946,322
597,975
27,449.005
843,737
S
730,773
929,779
639,902
28,867,370
917,292
166,458,790
654,197
1,855.856
148,131
$
739,833
587!l75
30,404,901
B7V.481
179,614/266
662,971
1,875,780
142,796
i,os5/.iiio
568,508
27,320.9:17
1,169,609
210.274,950
626,463
2,130,765
124,943
Freight Train Mileage
Passengers Carried
Passengers Carried One Mile
Tons Freight Moved
Tons Moved One Mile
Earnings. — Passenger
617,310
1,847,357
159,327
634,940
1,843,781
168,622
Freight
O.her
Total
2,623,994
1,632,864
991,130
886,077
150,000
- 44,947
7,809 50
4,859 71
2,949 79
2,637 13
62.23 p. C.
2.44 C.
2,647,343
1,780,248
867,100
888,071
18,750
- 84,727
7.879 00
5,298 34
2,580 66
2.628 20
67.24 p. C.
2.31 C.
2,658,184
1,754,174
904,010
894,800
41 3i>2
- 32,152
7,911 26
5,220 75
2,690 51
2,663 09
66.00 p. C.
2.66 c.
l.lOc.
2,681.547
1,616,736
1.064.811
905,800
47,211
+ 111,800
7,980 79
4,811 71
8,169 08
2,695 83
60.29 p. c.
2.1 He.
1.08 c.
2,882,171
1, -53.879
1, 128,298
913.743
56,278
+ 158,271
8,577 89
5,219 88
3.358 01
2.719 47
60.86 p. c.
2.29 c.
0.99 C.
Operating Expenses
Net Earnings
Rental and Taxes
Sinking Fund and Dividend
Surplus or Deficit
Gross Earnings per Mile
Operating Expenses per Mile
Net Earnings per Mile
Fixed and Other Charges per Mile
Expenses to Earnings
Average Rate per Pass, per Mile
Annual meeting, third Monday in February, at Cincinnati, O. Transfer books are not
closed, and stockis entitled to vote immediately upon acquisition. Two dividends have been
paid to date, oue January 14, 1882, H Per cent., and the other February 13, 1883, 3 per cent.
Dividends payable at Treasurer's office. Registrar of stock, Fidelity Safe Deposit and
Trust Company, Cincinnati, Ohio.
Directors (elected February 21, 1887.)— F. S. Bond, Isaac P. Martin, New York, N. T.;
Briggs Swift, T. T. Gaff, W. A. Goodman, Alex. McDonald, Augustus Wessell, C. C. Har-
vey, C. Schiff, Cincinnati, 0.
CHARLES SCHIFF, President Cincinnati, O.
C. C. Harvey, Vice- President . . Cincinnati, 0.
General Manager— John C. Gault Cincinnati, O. | Secretary and Treasurer— B. H. Tatem. .Cincinnati, O.
Comptroller— C. C. Harvey Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
CINCINNATI, SELMA AND MOBILE RAILWAY COMPANY.
Line of Road. — Elizabeth, Ala., to Akron, Ala 61.15 miles.
Operated : Marion, Ala., to Akron, Ala 53.14
Trackage : East Tenn., Va. and Ga. RR. : Marion June, to Selma, Ala. .14.00 — 67.14 miles.
Sidings, etc., 2 miles. Gauge, 4 ft. 9 in. Rail, iron, 45 and 56 ; steel (1 mile), 60 IDS.
History. — This company was organized December 12, 1881, as successor to the Selma
and Greensboro' RR. Co., which was originally chartered as the Marion and Catawba RR. Co.
in 1851, and road opened in 1856. Completed by its successor, the Selma, Marion and Mem-
phis RR. Co., to Greensboro' in 1872, and to Sawyersville in 1875. Sold under foreclosure
July 8, 1878, and purchased by the bondholders, who reorganized, October 1, 1878, under the
name of the S. & G. RR. Co. The extension from Greensboro' to Akron was completed Au-
gust 25, 1882.
Rolling Stock. — Locomotive engines, 4. Cars— passenger, 3 ; baggage, etc., 2 ; freight
(box, 56 ; coal, 21 ; platform, 26), 103 — total, 108. Also 4 caboose and 1 pile-driver machine.
Operations for year ending December 31, 1886. — Train mileage— passenger, 17,485 ;
freight, 15,899 ; mixed, 45,731 ; other, 9,578— total, 88,693 miles. Passengers carried, 28,643;
carried one mile, 793,680. Earnings— passenger, $27,741.49 ; freight, $77,304.73 ; mail and
express, $1,920.00; miscellaneous, $1,048.58 — total, $111,805.14. Operating expenses, $71,-
670 POOR'S MANUAL OP RAILROADS.
527.14. Net earning?, $40,278.00. Paid rentals, $4,669.65 ; other payments, $11,327.61— total,
$15,994.26. Balance, surplus, $24,283.74.
Financial Statement, December 31, 1884 (latest furnished).— Capital stock, $1,500,000 ;
funded debt, 1st mortgage 6 per cent. 80-year coupon $500 and $1,000 bonds, dated April 1,
1882, interest April and October, $1,500,000 ; bills payable, $10,873.15 ; current accounts,
$3,868.60— total, $3,014,741.75. Cost of road and equipment, $1,304,689.84; materials,
supplies, etc., $4,390.70; current accounts, $8,809.85 ; cash, $10,567.45— total, $1,324,067.23.
Trustee of bonds and registrar of stock, Farmers' Loan and Trust Co., New York, N. Y.
Directors.— Fred. Wolffe, M. Calm, New York, N. Y.; Theodore Cooke, Edgar M. John-
son, Thomas T. Gaff, Louis Krohu, Cincinnati, O.; Thomas R. Roulhac, Greensboro', Ala.;
C. M. Shelly, Selma, Ala.; Samuel A. Carlton, Boston, Mass.
FRED. WOLFFE, President New York, N. Y.
aximilian Calm New York, N. Y. | Treasurer— R. M. Abbett Atlanta, Ga.
General Manage) — Cecil Gabbett Montgomery, Ala.
PRINCIPAL OFFICE AND ADDRESS Montgomery, Ala.
New York Office . . .35 William Street.
COLUMBUS AND WESTERN RAILWAY COMPANY.
Line Of Road. — Opelika, Ala., to Goodwater, Ala 60
Coluiribus Branch : Opelika, Ala., to Columbus, Ga 29 — 89 miles.
Sidings, etc., 2.8 miles. Gauge, 5 ft. Rail (steel, 7.38 miles), 56 Ibs.
History. — Chartered as Savannah and Memphis RR. December 9, 1859. Opened from
Opelika to Camp Hill in 1869, to Dadeville in 1871, and to Goodwater in 1874. Placed in
the hands of a receiver November 18, 1878. Sold under foreclosure June 5, 1880, and reor-
ganized under present name, with authority to issue bonds to the amount of $800,000, to pay
for, purchase and improve present line, an'd further authority to issue bonds at the rate of
$12,000 per mile for all extensions, and to issue $1,750,000 stock. Of the bonds there have
been issued $677,000, and the remainder is held by the trustees to be issued only as the road
is extended and put in operation. On September 1, 1881, the Columbus Division of the West-
ern RR. of Alabama, from Columbus, Ga., to Opelika, Ala., was transferred to this company.
During the year 1883, that branch was formally deeded to this company, and is now an inte-
gral part of its road.
During the past year an extension of this line from Goodwater to Birmingham was pro-
jected with a view to securing connection with the Kansas City, Memphis and Birmingham
RR., which is now in course of construction to that point. The Goodwater and Birmingham
RR. Co., which was organized for this purpose July 9, 1886, was consolidated with and
merged into the Columbus and Western Ry. Co. early in 1887, and the construction of the
extension begun. The means for this extension will be provided by the Central Railroad
and Banking Co. of Georgia (statement for which see).
Rolling Stock. — Locomotive engines, 5. Cars — passenger, 1 ; freight (box, 8 ; platform,
10), 18 ; dump, 24 ; service, 6— total, 49.
Operations for year ending August 31, 1886. — Earnings, $173,207.39. Operating ex-
penses, including taxes, etc. (68.87 per cent.), $129,079.68. Net earnings, $52,127.71.
Financial Statement, August 31, 1885 (latest furnished).— Capit il stock, $1,750,000;
funded debt, 1st mortgage (Opelika to Goodwater, 60 miles) 6 per cent, bonds, due January
1, 1911, interest January and July, $800,000 ; first mortgage (Opelika to Columbus, 29 miles)
8 per cent, bonds, due October, 1890, interest April and October, $260,000— total stock and
bonds, $2,810,000. Cost of road, $2,687,700.89.
Directors (elected January 8, 1887). — E. P. Alexander, Savannah, Ga. ; E. E. Denniston,
Philadelphia, Pa.,; E. A. Flewellen, George P. Harrison, Opelika, Ala.; H. H. Epping, W.
L. Clark, B. T. Hatcher, T. E. Blanchard, Columbus, Ga.; Patrick Calhoun, Atlanta, Ga,
E. P. ALEXANDEB, President Savannah, Ga.
Secretary— Andrew Anderson, Jr Savannah, Ga. | Treasurer— E. Mclntyre Savannah, Ga.
General Manager— m. S. Belknap Savannah, Ga.
PRINCIPAL OFFICE AND ADDRESS Columbus, Ga.
Transfer Office Savannah, Ga.
POOR'S MANUAL OF RAILROADS. 671
EAST ALABAMA RAILWAY COMPANY.
Line of Road. — Opelika Junction, Ala., to Buffalo, Ala 20 miles.
Sidings and other tracks, 0.75 mile. Gauge, 4 ft. 8J- inches. Rail, 50 and 50 Ibs.
History. — Chartered in 1868 as East Alabama and Cincinnati RR. Co., and road opened
in 1871. The State of Alabama indorsed the company's bonds to the extent of $400,000.
Default was made in interest, and the road was sold April 6, 1880, for $170,000. In 1884 the
Qadsden Branch, acquired by the company in 1871, reverted to its original owners, and it has
been reorganized as the Tennessee and Coosa RR.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1; freight (box, 8 ; flat, 4),
12 — total, 13. Also, 5 service cars.
Operations for year ending June 30, 1886. — Not reported. Earnings — passenger, $5,-
727 ; freight, $23,587.21 ; miscellaneous, $150.15— total, $29,464.36. Operating expenses and
taxes, $18,180.28. Net earnings, $11,284.08 ; other receipts, $37.45— available revenue, $11,-
321.53. Sundry payments, $15,576.63. Deficit, $4,255.10. Surplus from last year, $6,-
889.08 ; surplus as per balance sheet, $2,633.98.
DIVIDENDS paid since organization of this company : April 26 and December 31, 1881 ;
June 14, 1882 ; March 19 and December 17, 1883, and June 16, 1884, each 2£ per cent, in cash.
Financial Statement, June 30, 1886.— Capital stock, $200,000 ; profit and loss, $2,033.98
—total, $202,633.98. Contra : Cost of road and equipment, $200,000 ; cash, $2,633.98.
Directors (elected July 27, 1886).— B. Perkins, O. Welsh, Richard Irvin, Jr., James
Stewart, C. L. Perkins, Jr., C. L. Perkins, J. A. Hiltner, New York, N. Y.
B. PERKINS, President New York, N. Y.
Secretary— Richard Irvin, Jr New York, N. Y. | Treasurer— Osgood Welsh New York, N. Y.
PKINCIPAL OFFICE AND ADDRESS Opelika, Ala.
Transfer Office 41 and 43 Wall St., New York, N. Y.
EAST TENNESSEE AND WESTERN NORTH CAROLINA RAILROAD CO.
Line of Road.— Johnson City, Tenn., to Cranberry, N. C 34 miles.
Sidings, 3 miles. Gauge, 3 ft. Rail, 40 Ibs.
History.— Chartered May 24, 1866 ; road opened July 3, 1882.
Rolling Stock. — Locomotive engines, 3. Cars— passenger, 4 ; freight (box, 10 ; plat-
form, 30 ; coal, 32), 72— total, 76.
Operations for year ending April 30, 1884.— Trains run (passenger, 25,000 ; freight,
12,000), 37,000 miles. Engine service, 43,000. Passengers carried, 26,473 ; carried one mile,
302,803. Freight moved, 31,555; moved one mile, 830,502 tons. Earnings— passenger,
$12,112.11 ; freight, $35,346.41 ; mail, $1,442.80— total, $48,901.32. Expenses— maintenance
of way, $9,904.63 ; maintenance of cars, $2,045.11 ; motive power, $6,888.79 ; transportation,
etc., $12,138.55— total, $30,977.08. Net earnings, $17,924.24. Payments from net earnings
—interest on bonded debt, $15,000 ; State and county taxes, $2,252.59 ; interest, $211.73—
total, $17,464.32. Net surplus, $459.92.
Financial Statement, April 30, 1884.— Capital stock, $499,000 ; funded debt, 1st mort-
gage 6 per cent, bonds, due November 1, 1905, $250,000. Cost of road and equipment,
$825,647.9,9.
Directors. — Ario Pardee, Hazleton, Penn. ; F. A. Comly, Ario Pardee, Jr., Philadelphia,
Pa.; R. F. Hoke, Raleigh, N. C. ; J. C. Harden, Johnson City, Tenn.; George Richards, Dover,
N. J.; John S. Wise, Philadelphia, Pa.
ARIO PABDEE, JR., President 237 South Third St., Philadelphia, Pa.
Secretary and Treas —John S. Wise. .Philadelphia, Pa. | Auditor— Wallace Hahn Cranberry, N. C.
Gen. Superintendent— U. H. Nimson Cranberry, N. C.
PKINCIPAL OFFICE AND ADDKESS Cranberry, Mitchell County, N. C.
672 POOR'S MANUAL OF RAILROADS.
EAST TENNESSEE, VIEGINIA AND GEORGIA RAILWAY COMPANY.
Main Lines of IJo.nl. —
East Tennessee Division : Bristol, Tenn., to Chattanooga, Tenn 242.00 miles.
North Carolina Branch : Morristown to Unaka, Tenu 43.50 miles.
Ooltewah Cut-off : Ooltewah to Cohutta 11.50 miles.
Alabama Division : Cleveland, Teim., to Selma, Ala 264.00 miles.
Meridian Subdivision : Selma, Ala., to Meridian, Miss 113.00 miles.
Atlanta Division : Rome, Ga., to Macon, Ga 158.50 miles.
Brunswick Division : Macon, Ga., to Brunswick, Ga 190.00 miles.
Hawkinsmlle Branch : Cochran, Ga.. To Hawkinsville, Ga 10.00 miles.
Knoxville & 0,'do RR.: Knoxville, Tenn., to Jellico (Ky. State Line) 65.50 miles.
Waldens Ridge RR. : Emory Gap to Olive Springs 25.00 miles.
Total length of lines operated (of which owned, 1,006.20 miles) 1,123.00 miles.
Controlled by ownership of stock :
Memphis and Charleston RR.: Memphis to Stephenson and Branches 330.00 miles.
Mobile and Birmingham RR. : Mobile to Selma 150.00 miles.
Total 1,603.00 miles.
Sidings, 133.50 miles. Gauge, 4 ft. 9 in. Rail (steel, 742.04 miles), 56 Ibs. Included in
mileage of Meridian Subdivision as above, is a section of the Mobile and Ohio RR., from Lau-
derdale, Miss., to Meridian, Miss., 18 miles, which is under trackage contract. Of the At-
lanta Division, 16.6 miles, from Austell to Simpson Street, Atlanta, Ga., are owned jointly by
this company and the Georgia Pacific RR. Co.
History. — This company is successor, July 1, 1886, to the East Tennessee, Virginia and
Georgia RR. Co., whose property was sold under foreclosure May 25, 1886, and purchased for
the security holders under the terms of a plan of reorganization which was given in full in
the. MANUAL for 1886, pages 124 to 129.
In September, 1880, the Memphis, Arkansas and Kansas Ry. Co. was chartered with a
capita] of $10,000,000, to build a railroad, in the interest of this company, from a point on the
Mississippi River opposite Memphis, Tenn., to Kansas City, Mo.
The company owns a majority of the stock of the Mobile and Birmingham Ry. Co., under
whose charter it is building a line from Selma to Mobile, 150 miles. The Mobile and Bir-
mingham Ry. Co. has made an issue of $3,000,000 first mortgage 5 per cent. 50-year gold
bonds, due January 1, 19;57, interest payable in New York on the 1st days of January and
July. The bonds are tax-free, for $1,000 each, and coupon with privilege of registration ;
principal and interest guaranteed by the East Tennessee, Virginia and Georgia Ry. Co.
Rolling Stock. — Locomotive engines, 155. Cars — passenger, 71 ; sleeping, 4 ; baggage,
mail and express, 35 ; freight (box, 1,879 ; stock, 162 ; coal, 1,146 ; flat, 753), 3,940 ; caboose,
70 ; crank and lever, 136 ; dump, 200 ; other, 14 — total cars, 4,470.
Operations for year ending June 30, 1886. — Train mileage not reported. Passengers
carried, 795,558 ; carried one mile, 40,573,858; average mile rate, 2.52 cents. Tons freight
moved (through, 280,982 ; local, 1,522,231), 1,803,213 ; moved one mile (through, 66,977,910;
local, 178,032,605), 245,010,515 ; average mile rate, 1.14 cents.
Earnings.— Passenger $1,034,021 27
Freight 2,806.891 91
Mail 121,738 58
Express 68,808 36
Miscellaneous 88,118 18
Total ($3,751.90 per mile) $4,119,578 30
Expenses.— Transportation $831.36431
Motive Power 819,742 46
Maintenance of Cars 177,205 28
Maintenance of Way 607,911 02
General and Taxes 300,605 65
Total ($2,492.55 per mile) $2,736,828 72
Net earnings (33.59 per cent.), $1,382,749.58. The operations of the Knoxville and Ohio
RR. are included above.
Financial Statement.— Capital stock— common, $27,500,000; 1st preferred, $11,000,000;
2d preferred, $18,500,000 ; prior lien bonds, see statement below for details, $7,325,000 ; con-
solidated mortgage bonds, $12,675,000 — total stock and bonds outstanding, $77,000,COO.
The first preferred stock has the power of electing a majority of the board of directors
till July 1, 1891, provided it does not receive 5 per cent, dividends for two years before that
POORS MANUAL OF RAILROADS.
673
time. The Richmond and West Point Terminal Ky. and Warehouse Co. purchased $0,500,000
of this issue iu January, 1887, thereby obtaining control of the East Tennessee system.
For ten months, from July 1, 1886 to April UO, 1887, gross earnings, expenses, etc.,
as compared with 1886, have been as follows :
1886
1887
Earning!? from Passenger, Mail and Express
$978,089 73
81,068,585 33
Earnings from Freight
2 215 61 1 92
2 657 289 67
Gross Earnings from all sources .
«3,193..V>1 0.->
$3 fi20,875 00
Operating Expenses, including Taxes
2,135,142 16
2,400,246 41
Net Earnings
$1 05H 4<VJ I!*
$1 220 628 59
The authorized issue of consolidated mortgage bonds ia $20,000,000, of which $7,r25,000
are reserved for the retirement of the prior liens. They are 5 per cent. 70-year gold bonds,
due November 1, 1956, interest payable May and November. They are secured on the entire
property of the company, including its interests in the Knoxville and Ohio and the Memphis
and Charleston RKs., subject to the following prior liens:
No.
B'nds
Character of Bonds.
Date.
When Due.
Amount
Out-
standing.
Interest,
Rate and when
Payable.
Annual
Interest
Charge.
1
3,123
1
3,106
1,000
E. T. & Ga. RR. Co., 1st mtg.
E. T., Va. & Ga. Co., 1st mtg.
E.T., V. & G. (to U. S.G.) 2d m.
E. T., V. & G. RR. Co., 1st m. .
Ala. Central RR. Co., 1st mtg.
July 1,1880
July 1, 1900
Jan. 1, 18S7
July 1, 1930
July 1, 1918
$
1,000
3,128,000
95,000
3,106.000
i,ooo;ooo
p.c.
6
7
4
5
6
9
July 1, 1870
Jan. 1, 1872
July 1, 1880
1st Jan. & July.
1st January.
1st Jan. & July.
1st Jan. & July.
218,610
3,800
155,300
60,000
7,325,000
437,710
KNOXVILLE AND OHIO RAILROAD.— Knoxville, Tenn., to Jellico, Tenn., 65.3 miles ; branch
from Coal Creek to Coal Mines, 1 mile— total. 66.3 miles. Siding*, etc., 11.49 miles. Chartered February 25, 1856,
as the Knoxville and Kentucky RR. Co., with authority to build a line from Knoxville to ihe Kentucky State
Line. The State granted liberal aid to this enterprise. In the fall of 1860 the construction of the road was be-
gun, and early in the following year 10 miles of it were completed. From that time forward the progress was
slow. In 1866 an additional section of 23 miles was opened, and in 1869 it was comph ted to Careyville, a distance
of 39.19 miles from Knoxville. The aid voted by the State to this time amounted to $2,250,000 iu bonds, the pro-
ceeds of which, as well as subscriptions to its capital stock, had been expended in construction. The company
failing to pay the interest on the State bonds, the Legislature in 1861 ordered its sale, and in October of that year
it was purchased by a corporation organized for that purpose uuder the existing name. In 1881 it went under the
control of the East Tennessee, Virginia and Georgia RR. Co. For its subsequent history see MANUAL for 1886,
page 126. Equipment is furnished by E. T., Va. & Ga. Ry. Co., lessee. Earnings, expenses and payments for 9
months ending March 31 :
Earnings. 18S6.
Passenger $41,630 88
Freight 211,944 94
Express 1,308 64
Mail 3,858 57
Miscellaneous 1,594 61
1887.
$42.151 79
247,743 05
1,433 80
3,858 58
11.062 77
Total $260,337 64 $306,24999
Expense!). 1886.
Transportation $48,046 49
Motive Power 53,732 66
Maintenance of Cars 5,553 31
Maintenance of Way 81,426 57
General 14.164 52
$54,771 01
55,100 90
9,744 60
51,799 81
8,7t;3 19
Total $152,923 55 $180,179 01
NetEarnings 107,41409
Taxes 283 96
Interest 90,000 00
Surplus 17,130 13
Financial Statement, July 1, 1886.— Capital stock, $1,122,200; bonds, $2,000,000; sundries, $282.45-total
liabilities. $3,122,482.45. Contra : Cost of road and equipment, $2,778.756.87 ; stocks and other investments, $263,-
224.81; all other assets, to balance, $82,500.77. Funcied debt consists of 1st mortgage 6 per cent. 40-year gold
bonds, due July 1, 1925, interest payable January and July. C. M. McGnEE, Prtsittent, Knoxville, Tenn. ; Samuel
Thomas, Vice-President, New York, N. Y.; James G. Mitchell, Treasurer, JohuL. Moses, /Secretary, Knoxville.
Tenn.
MOBILE AND BIRMINQ-HAM RAILWAY.— Under construction from Mobile, Ala., to a con-
nection witli the East Tennessee, Virginia and Georgia Ry. system at Selma, Ala., a distance of 150 miles, and
completed June, 1887, from Mobile to Bigbee Bridge, 56.20 miles. Total projected length, Mobile, Ala., to Bir-
mingham. Ala., about 250 miles. Gauge. 4 ft. 9 in. Rail, 60 Ibs. Chartered February 17, 1885, as Mobile and
West Alabama Ry. Co., and acquired the Mobile and Alabama Grand Trunk Ry., which has been entirely rebuilt.
The name of the company was changed to Mobile and Birmingham Ry. Co. January 27, 1887. The entira line
from Mobile to Selma is under contract to be completed in October, 1887. Stock and bonds are authorized to the
amount of $20,000 of each issue per mile. In March, 1887, a majority of the stock was purchased by the East
Tennessee, Virginia and Georgia Ry. Co., and the road will be operated by that company. Capital stock (par,
$100 per share), $3,000,000; funded debt, first mortgage 5 per cent. 50-year gold bonds, due February 1,1937,
interest payable February and August, $3,000,000. The bonds are guaranteed principal and interest by the East
Tennessee, Virginia and Georgia Ry. Co. They are $1,000 coupon bonds, with urivilege of registration. Trustee,
Central Trust Co New York. T. G. BUSH, President, Mobile, Ala.; Edward R. bacon. Vice- President, .New
York, N. Y.; I. M. Milliken, Secretary, Mobile, Ala.
43
674 POOR'S MANUAL OP RAILROADS.
Board of Directors E. T., Va. <& Oa. Ry. Co., elected February 3, 1887.
Samuel Thomas . . .New York, N. Y.
Calvin 8. Brice... .New York, N. Y.
J. G. Moore New York, N. Y.
James H. Dooley Richmond. Va.
John A. Rutherford.New York, N.Y.
Isaac L. Rice New York, N. Y.
Emanuel Lehman .New York, N. Y.
Geo. F. Stone New York, N. Y.
Gco. S. Scott New York, N. Y.
Thos. M. Logan.. .New York, N. Y.
Alfred Sully New York, X. Y.
John H. Inman New York. \. V.
J. O. Moss Sandnsky, O.
E. J.Sanford Knoxville. Tenn.
S. M. Inman Atlanta, Ga.
SAMUEL THOMAS, President New York, N. Y.
Calvin S. Brice, Vice- President New York, N. Y.
Henry Fink, Vice-President New York, N. Y.
Acting Treas.—3. N.Mitchell Knoxville, Tenn. I Sec. & Asst. Treas.—'L. M. Schwan...New York, X. Y.
Auditor— William Hawu — Knoxville, Tenn. ' General Manager— C. H. Hudson Knoxville, Tenn.
PRINCIPAL OFFICE AND ADDRESS Knoxville, Tenn.
New York Office . .10 Wall Street.
EAST AND WEST RAILROAD COMPANY OF ALABAMA.
Line of Road (as projected). — Gainesville, Ga., to Birmingham, Ala 200.0 miles.
T . j Es-om Hill, Ga., to Broken Arrow, Ala 64.0
: | Tecumseh Brand), Warner, to Tecurnseh, Ala 1.5— 65.5 miles.
Owned : Cherokee RR., Cartersville, Ga., to Esom Hill, Ga 46.0 miles.
Length of railroad in operation December 31, 1885 111.5 miles.
Sidings, etc., Smiles. Gauge, 3 ft. Rail (steel, 64.6 miles), 40 Ibs.
History. — Chartered February 20, 1882. Road opened October 1, 1882. During the year
1883 the company extended the Cherokee RR. to E^om Hill, near the Alabama State Line,
where it connects with th?s company's road, which extends from the point of connection to
Broken Arrow, in the Coosa coal-fields, a distance of 64 miles.
Rolling Stock. — Locomotive engines, 10. Cars — passenger, 5 ; baggage, ma>l and ex-
press, 3 ; freight (box, 18 ; platform, 38 ; coal, 53 ; coke, 9 ; charcoal, 8), 126— total, 134.
Also, 4 other cars.
Operations for year ending December 31, 1885. — Trains run — passenger, 74,860 ; freight,
69,790 ; mixed, 25,760 ; other, 3,000— total, 173,410 miles. Passengers carried, 30,540 ; car-
ried one mile, 578,484. Average mile rate, 3.475 cents. Tons freight moved, 156,552 ; moved
one mile. 4,713,612. Average ton-mile rate, 2.167 cents.
Earnings.— Passenger $20,101 20
Freight 102,16080
Mail and Express 5,132 00
Miscellaneous 2,716 00
Total ($1,166.91 per mile) $130,110 00
Expenses.— Transportation $23,470 44
Motive Power and Cars 27.57032
Maintenance Way and Buildings. 20,802 36
Miscellaneous 8,374 48
Total ($719.44 per mile) $80,217 60
Net earnings (38.35 p.c.), $49,892.40. Paid interest on bonds, $24,000. Surplus, $25,892.40.
Earnings, Expenses, etc., from October 1, 1886, to March 31, 1887.— Earnings, $75,805.-
Expenses, $35,065.48. Net earnings, $40,740.48.
General Balance Sheet, December 31, 1885.
Cost of Road, Rolling Stock and Buildings. $2,218,000 00
New Equipment 12,59318
Real Estate and Coal Lands 240,000 00
Second Mtge. Bonds* in Treasury 150,000 00
Materials and Fuel 1.300 72
Bill* and Accounts 9,123 15
Cash on Hand 6.375 35
Total Assets $2,637,392 40
Capital Stock $1,109,000 00
Funded Debt 1,250,000 00
Current Accounts 16,7!>9 22
Profit and Loss (net traffic earnings) 49,892 40
Investments in Lands, I 011 7nn 78
Stocks and Bonds... j <su,<uu
Net Traffic Earnings 49,892 40
Total Liabilities. . . ... $2,637,392 40
Funded debt consisted, December 31, 1885, of $1,100,000 1st mortgage 30-year 6 per
crnt. $1,000 gold coupon bonds, due December 1, 1912, interest June and December, secured
by line of road Cartersville, Ga., to Broken Arrow, Ala., 111.5 miles, also half interest in 12,-
000 acre:! of coal lands in Coo?a coal-field, Ala., and $150,000 (of authorized issue of $300,000)
second mortgage bonds. Later information refused by the officials of this company.
In April, 1887, this company made application to the New York Stock Exchange for the
listing of a new issue of consolidated mortgage 6 per cent. 40-year gold $1,000 coupon (with
privilege of registration) bonds, due December 1.-1926, interest payable June anc1 December,
and authorized at the rate of $15,000 per mile. " These bonds are issued to take up and
retire the $800,000 first mortgage bonds and the $500,000 debenture bonds now outstanding."
This statement differs wholly from that furnished the MANUAL, as above.) About $691,000
POOR'S MANUAL OP RAILROADS. 675
of these new bonds are reserved to provide means for the extension of the line to Birming-
ham, Ala., and for additional equipment.
Interest payable at American Loan and Trust Co., New York. Annual meeting, third
Wednesday in April ; books close twenty days prior thereto. Trustee of bonds and registrar
of stock, American Loan and Trust Co., 113 Broadway, N. Y.
Board of Directors E. &W. RR, Co. of Ala., elected April 16, 1885.
^m< £' Browning .New York, N. Y. I J. Hull Browning. .New York, N. Y.
Edw. F. Browning. New York, N. Y. | Amos G. West ...... Cedartown, Ga.
John W. Inzer. . Ashville, Ala.
James R. Barber. . . Cudartown, Ga.
E. F. BROWNING, President .................... ......... New York, N. Y.
Vice- President— Amos G. West ......... Cedartown, Ga. | Secretary and Treat.— J. H. Browning. New York, N.Y.
PRINCIPAL OFFICE AND ADDKESS ................... . .......... Cross Plains, Ala.
New York Office .................................. . .408 Broome Street.
EASTERN KENTUCKY RAILROAD COMPANY.
Line of Road. — Riverton, Ky., to Willard, Ky 35 13 miles.
Sidings, 2.53 miles. Gauge, 4 ft. 8| in. Rail, 50 and 60 Ibs.
History.— Chartered in January, 1870. Successor of the Kentucky Improvement Com-
pany, chartered in December, 1866. Road completed in January, 1870.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 3; baggage, etc., 1 ; freight
(box, 10 ; stock, 2 ; platform, 36 ; coal, 80), 128— total, 132. Also, 15 service cars.
Operations for year ending December 31, 1886. — Train mileage (mixed), 36,375. Tors of
freight moved, 23,308; moved one mile, 395,664; average ton-mile rate, 5.92 cents. Earn-
ings—passenger, $5,925.35; freight, $23,429.25; other, $18.381.41— total, $47,686.01. Oper-
ating expenses and repairs, $35,083.45 ; taxes, $2,329.66 ; interest paid, $1,174.62 ; other ex-
penses, $3,947.66 ; profit and loss, $196.77— total, $42,732.16. Surplus, $4,953.85.
Financial Statement, December 31, 1886.— Capital stock, $1,700,700 ; preferred, $1,779,-
500 ; floating debt, $57,031.79— total, $3,537,231.79.
Funded debt was retired during past year, being replaced by preferred stock.
Directors (elected February, 1886).— Nathaniel Thayer, E. V. R. Thayer, Charles Mer-
riam, fl. H Hunnewell, J. H. Blake, R. Sullivan, Boston, Mass.j H. W. Bates, Greenup, Ky.
NATHANIEL THAYER, President , Boston, Mass.
H. W, Bates, Vice- President and General Manager Greenup, Ky.
Sec., Treas. & Transfer Agt.— R. Sullivan. Boston Mass. | Auditor— C. D. Yan Bibber Greennp, Ky.
PRINCIPAL OFFICE Riverton, Ky.
Post Office Address Greenup, Ky.
Transfer Office No. 79 State Street, Boston, Mass.
KENTUCKY AND SOUTH ATLANTIC RAILROAD COMPANY.
Line of Road.— Mount Sterling, Ky., to Rothwells, Ky 19.8 miles.
Sidings, etc., 3.25 miles. Gauge, 3 ft. Rail (steel, 5 miles), 35 Ibs.
History. — Chartered as Mt. Sterling RR. Co. February 13, 1874 ; road opened in August,
1876. In February, 1881, the present name was adopted. Receiver appointed in December,
1885, on application of the mortgage trustees. Controlled and operated by the Coal Road
Construction Co., chartered February, 1878, and whose directois and officers are practically
the same as those of the railroad company.
Rolling Stock. — Locomotive engines, 3. Cars— passenger, 2 ; baggage, etc., 1 ; freight
(box, 5 ; platform, 25 ; coal, 17), 47— total, 50.
Operations for year ending December 31, 1885. — Trains run, 23,000 miles. Earnings —
passenger, $2,732.25; freight, $11,582.88; mail, etc., $1,006.71— total, $15,321.84. Ex-
penses— maintenance of way, $3,084.19; motive power, $4,172.53 ; transpoitation, $3,310.17;
miscellaneous, $5,096.93— total, $15,663.72. Deficit, $341.88. Other payments not reported.
Financial Statement, December 31, 1884 (latest furnished).— Capital stock, $81,500 ;
funded debt, $134,000; bills payable, $7,419.92; current accounts, $30,004.74; other liabil-
ities, $71,213.12 ; unpaid coupons, $5,960— total liabilities, $320,097 78. Contra : Cost of
676 POOR'S MANUAL OF RAILROADS.
road and equipment, $303,808.86 ; real estate, $6,391.54 ; cash, cash asset?, etc., $4,554 48 ;
profit and loss, $5,342.90.
Funded debt consists of 1st mortgage 8 per cent. 20-year bonds, due November, 1899,
interest May and November, $40,000 ; 2d mortgages per cent. 10-year bonds, due December,
1880, interest June and December, $34,000, and general mortgage 6 per cent. 30-year bonds,
due June 1, 1912, interest June and December (authorized, $3,000,000) $50,000.
Directors (elected January 11, 1882). — E. Zimmerman, Cincinnati, 0. ; C. W. West,
Cynthiana, Ky. ; F. E. Davis, James B. Howes, George Howes, New York, N. Y. ; J. M.
Kelly, George B. Harper, Mount Sterling, Ky.
GEORGE B. HARPER, Receiver Mt. Sterling Ky.
E. ZIMMERMAN, President and Treasurer Cincinnati, O.
Vice-President & Secretary— C.W. West. Cynthiana, Ky. | Auditor— J. M. Kelly Mt. Sterling, Ky.
PRINCIPAL OFFICE AND ADDRESS Mt. Sterling, Ky.
KENTUCKY CENTRAL RAILROAD COMPANY.
Main Line of Road. — Covington, Ky., to Livingston, Ky 153.61
Less part of Richmond Branch used for main line 2.54 — 151.07 miles.
Maysville Branch : Maysville to Paris 49.33 miles.
Lexington Branch : Paris to Lexington 19.17 miles.
Richmond Branch : Richmond to Rowland 33.70 miles.
Total (owned, 217.03 miles ; leased, 36.24 miles) 253.27 miles.
Sidings (owned, 22.08; leased, 2.92), 25 miles. Gauge, 4 ft. 9 in. Rail (steel [owned, 182.45;
leased, 3.08], 185,53 mile?), 56 and 60 Ibs.
History. — The Covington and Lexington RR. Co., chartered February 28, 1849, was
opened between Covington and Lexington on May 9, 1856, and the Maysville and Lexington
RR., between Paris and Lexington, February 10, 1859. These two roads, forming together a
line of 100 miles, were sold under foreclosure in 1865, the purchasing bondholders organiz-
ing subsequently under the name of the Kentucky Central Association. The Kentucky Cen-
tral RR. Co. was chartered March 20, 1875, and took possession of the property May, 1875.
During 1883 the Livingston Extension was completed to a connection with the Richmond
Branch of the Louisville and Nashville RR., and on the remainder of the road the work was
practically finished. The company took a 99 years' lease of the Richmond Branch on January
1, 1884, at a reutal of $24,000 per annum with the privilege of purchasing at any time for
$400,000. In the construction of the Livingston Extension a floating debt of $863,840 was
accumulated, to offset which there remained in the treasury $341,000 of unsold 6 per cent.
consolidated bonds. To provide the means for liquidating this indebtedness, as well as to
thoroughly complete and equip the new line and provide it with proper terminal facilities,
the stockholders, early in 1884, contributed ten dollars per share, and the bondholders as-
sented to a reduction of their interest from 6 to 4 per cent, for a period of three years from
January 1, 1884.
On Juiy 21, 1884, the first through train was run over the Livingston Extension, and on
August 19, 1884, it was formally opened for general business throughout its entire length.
Default was made on consolidated mortgage bond interest January 1, 1886, and the road
was placed in the hands of a receiver January 28, 1886.
The Maysville and Lexington (Northern Division) RR. is leased in perpetuity (and prac-
tically owned) at an annuaj rental of $28,000, being 7 per cent, interest on $400,000 bonds,
due 1906.
The company uses under a trackage contract 3.34 miles of the Knoxville Branch of the
Louisville and Nashville RR., from Livingston to Roundstone Links, Ky.
Rolling Stock, December 31, 1886. — Locomotive engines, 28. Cars — passenger, 31 ; bag-
gage, mail and express, 10 ; freight (box, 299 ; stock, 87; flat, 140 ; coal, 49), 575 — total, 616.
Also, 15 caboose and 2 other cars. Six of the above passenger cars are leased.
Operations for year ending December 31, 1886. — Trains run (passenger, 385,866; freight,
303,691), 689,557 miles. Total engine service, 933,141 miles. Passengers carried, 429,0(i4 ;
POOR'S MANUAL OF RAILROADS.
677
carried one mile, 12,402,155; average mile rate, 2.899 cents. Tons of freight moved, 469,418;
moved one mile, 83,566,978 ; average mile rate, 1.657 cents.
Earnings — Passenger $297,492 48
Freight' 556,26907
Express 8(1,500 95
Mail 23,182 03
Miscellaneous 7,247 28
Expenses.— Maintenance of Way $166,798 77
Maintenance of Cars 59,02030
Motive Power 145.86264
Transportation 196,197 46
General 20,494 24
Total ($3,635.24 per mile) $920,69781 Total ($2,323.11 per mile) $588,37341
Net earnings (36.09 per cent,), $332,324.40. Payments : Rental, Richmond Branch, $27,-
045; Maysville Branch, $28,000; taxes, $33,528.58— total, $88,573.58. Balance, surplus,
$243,750.82.
Statement of operations for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Gross Earnings
$
553,390
344,639
$
608,030
385,515
*
705,127
508,387
$
724,3f!3
435,502
$
842,052
4*5,233
$
922,108
603,620
$
847,071
537,450
$
920,698
588,373
Gross Expenses
Net Earnings
208,751
72,800
10,000
222,514
72,100
10,000
196,740
70,875
2,000
28,000
73,252
288,861
130,630
11,000
28,000
356,819
214,563
318,487
256,880
309,621
255,250
332,325
Coupon Interest
Sinking Fund, bonds red'md
Rental Leased Lines
52,000
62,074
61,210
55,045
115,886
116,138
Taxes Old Claims etc
39,731
50,525
4.569 33
2,624 73
1,99460
57.26 p. C.
74,264
def. 50,869
' 3.989 04
2,611 26
1,377 78
65.46 p. c.
83,053
dff. 89,892
8,66443
2,351 01
1,31342
63.45 p. c.
33,529
243,751
3,63524
2.32311
U1213
63.91 p. C.
Surplus to Profit and Loss .
Gross Earnings per Mile. .
Gross Expenses per Mile. .
Net Earnings per Mile. .. .
Expenses to Earnings
10.065
3,126 53
2,320 79
1,40574
62.3 p. c.
24,281
4,094 48
2,59(i 07
1,49841
63.4 p. c.
22,«13
3,748 33
3,42213
1,32020
72.25 p. C.
119,231
3,938 39
2,306 86
1,571 53
60.29 p. c.
The road was sold under foreclosure April 23, 1887, and the company reorganized in
May, 1887, as the Kentucky Central Ry. Co., with a capital stock of $7,000,000 ; and with
authority to issue $7,000,000 4 per cent. 1st mortgage gold honds, exchangeable for the old
K. C. RR. bonds at par. Old stock was assessed 2 per cent, in addition to the 10 per cent, in
1884.
Directors (elected June 28, 1887).— George Bliss, I. E. Gates, Samuel Thomas, C. S.
Brice, New York, N. Y.; Elliott H. Pendleton, M. E. Ingalls, Cincinnati, 0.; H. E. Hunting-
ton, Covington, Ky.
I. E. GATES, President New York, N. Y.
H. E. Huntington, Vice- President Covingtou, Ky.
Lewis Hood, Secretary Covington, Ky.
PRINCIPAL OFFICE AND ADDRESS 730 Washington c. Pike St., Covington, Ky.
Transfer Office. . 23 Broad St., New York, N. Y.
KENTUCKY UNION RAILROAD COMPANY.
Main Line of Road as projected.— Lexington, Ky., to Big Stone, Va 135 miles.
Completed ; Kentucky Union Junction to Clay City, Ky 15 miles.
Sidings, 1.5 miles. Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs. per yard.
History. — Chartered in 1872. Ten miles of road built in spring of 1884, and construc-
tive operations suspended till December of same year. In September, 1885, the road and
franchises with 600,000 acres of timber and mineral lands, were sold to a syndicate for $800,-
000, the purchasers assuming the debt ($400,000) of the old company. Road opened as above
in spring of 1886. On November 30, 1886, the road was again sold at Lexington, Ky., to
a syndicate of Louisville capitalists for $800,000. As the Louisville and Nashville RR. Co.
had been given the option of buying the road within a specified time, which had not expired
at the time of sale, that company brought suit to enforce the sale of the road to themselves.
A temporary injunction was granted by Judge Jackson in the United States Court of Appeals
at Nashville, Tenn., on December 4, 1886, pending a hearing of the case. Subsequently the
injunction was dissolved and the case dismissed.
Rolling Stock.— Locomotive engine, 1. Cars— passenger, 1 ; freight, 5.
Financial Statement.— Capital stock (authorized, $5,000,000— par value, $100), $1,500,-
678 POOR'S MANUAL OF RAILROADS.
000 ; funded debt, $400,000 ; other liabilities, $20,000— total, $1,920,000. Contra : Cost of
completed road to date, $450,000.
Annual meeting in December. Trustees of bonds, John G. Carlisle and Ashbel Green.
Directors. — F. D. Carley, St. John Boyle, A. P. Humphrey, J. W. Gaulbert, John E. Green,
Arthur Cary, Louisville, Ky.; H. C. McDowell, R. P. Stoll, Lexington, Ky.; William Taor,
Paris, Ky.
F. D. CARLEY, President Louisville, Ky.
St. John Boyle, Vice-President Louisville, Ky.
Secretary and Treat.— C. T. Collinses . . Lonisville, Ky. | Superintendent— G. B. Lowry Clay City , Ky .
PRINCIPAL OFFICE AND ADDRESS Louisville, Ky.
KNOXVILLE AND AUGUSTA RAILROAD COMPANY.
Line of Road. — Knoxville, Tenn., to Maryville, Tenn 16.82 miles.
Sidings and other tracks, 5 miles. Gauge, 4 ft. 9 in. Rail, 56 Ibs.
History. — Chartered in 1850 as Kuoxville and Charleston RR. Co.; road opened in 1867.
Built mainly with State loans, on which default was made, and the road sold in 1871.
Again sold May 1, 1879. Present company organized in October, 1879. This line is con-
trolled by the Richmond and West Point Terminal Co., through the ownership of its entire
stock and bond issues.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 3 ; baggage, etc., 1 ; freight
(box, 4 ; stock, 1 ; platform, 12), 17 — total, 20. Also 2 service cars.
Operations for year ending December 31, 1882. — Trains run (passenger, 11,680; freight,
11,680), 23,360 miles. Total engine service, 28,360 miles. Earnings— passenger, $8,003.25;
freight, $11,977.50 ; other, $1,322.24— total ($1,266.64 per mile), $21,302.93. Operating ex-
penses ($883.45 per mile), $14,859.70. Net earnings (30.24 per cent.), $6,443.29. Sundry
payments, $10,781.59.
Financial Statement, December 81, 1881 (latest furnished).— Capital stock, $100,000;
funded debt (1st mortgage 6 per cent. 15-year bonds, dated September 1, 1879, interest Janu-
ary and July), $100,000— total, $200,000. • Cost of road, equipment, etc., $75,000 in Tennes-
see bonds.
All later information refused.
Directors.— T. M. Logan, G. W. Perkins, New York, N. Y. ; S. Wilmer, Baltimore, Md. ;
George J. Foreacre, Newark, 0.; R. N. Hood, Knoxville, Tenn.
ROBERT N. HOOD, President and General Manager Knoxville, Tenn.
Tr. & Gen. Pass. Agt.— Chas. Burger. .Knoxville, Tenn. | Secretary— Skipwith Wilmer Baltimore, Md.
PRINCIPAL OFFICE AND ADDRESS Knoxville, Tenn.
LOUISIANA CENTRAL RAILROAD COMPANY.
Line of Road. — East Baton Rouge, La., to Musson, La 22 miles.
Gauge, 4 ft. 8i in. Weight of rail per yard, 56 Ibs.
History. — This company is successor to the Baton Rouge, Gros Tete and Opelousas RR.
Co., by foreclosure sale, April 7, 1883. The present company has no bonded debt. Capital
stock, $150,000. The City of Baton Rouge ist-ues $35,000 compromise bonds to this com-
pany. Surveys have been made and work begun for the extension, above the level of in-
undation between Rosedale, where it intersects the New Orleans Pacific RR., and Lafay-
ette, where connection is made with radiating lines. The completion of the link will es-
tablish a "cut off" between the Southern Pacific system and the Louisville, New Orlean
and Texas Division of the Chesapeake and Ohio system.
Directors. — J. G. Parkerson, Vermilionville, La. ; F. B. Parkerson, William S. Wilson,
Benjamin O. Payne, Charles Palfrey, New Orleans, La.
J. G. PARKERSON, President Vermilionville, La.
Secretary— Wra. S. Parkerson Vermiliouville, La. | General Superintendent— D. C. Montan... Port Allen, La.
PRINCIPAL OFFICE AND ADDRESS Vermilionville, La.
POOR'S MANUAL OF RAILROADS. G79
LOUISVILLE AND NASHVILLE RAILKOAD COMPANY.
Lines of Iload. — I. OWNED ABSOLUTELY AND THROUGH STOCK :
Main Stem : Louisville, Ky., to Nashville, Teun 185.23 mile?.
Bardstown Br.: June. (22 m. s. Louisville), Ky., to Bardstown, Ky 17.30
Lebanon- Knoxmlle Br.: June. (30 m. s. L'ville), to Jellico, Tenn. Line. .170.80
Memphis Div.: June. (118 m. s. w. Louisville), Ky., to Mem., Tenn. . .258.50
* Richmond Br.: June. (105 m. e. Louisville), Ky., to Richmond, Ky. . . 33.80
\ Cecilian Branch : Cecilia, Ky., to Louisville, Ky 46.00
Cincinnati Division : Louisville, Ky., to Newport, Ky 108.96
Lexington Branch : La Grange, Ky., to Lexington, Ky 67.00
Henderson Division : Henderson, Ky., to Nashville, Tenn 135.25
Providence Branch : Madisonville, Ky., to Providence, Ky 16.20
Pensacola Division: Pensacola, Fla., to Pensacola Junction, Ala 44.54
Pensacola and Selma Division : Selma, Ala., to Pensacola Junction, Ala. 64.74
Narrow-Gauge Division : Louisville, Ky., to Prospect, Ky 11.00 — 974.C9 miles.
Southeast and St. Louin Ry.: E. St. Louis, 111., to E'ville, Ind., with brs. 208.00
New Orleans and Mobile RR.: Mobile, Ala., to New Orleans, La 141.00
Pontchartrain RR.: New Orleans, La., to Lake Pontchartrain 5.00
Mobile and Montgomery Ry.: Montgomeiy, Ala., to Mobile, Ala 178.80 — 532.80 miles.
Total 1,692.12 miles.
II. OPEBATED UNDER LEASE.
Nas7iville and Decatur MR.: Nashville, Tenn., to Decatur, Ala 119.09
Cumberland and Ohio (So. Div.), Lebanon to Greensburg, Ky 30.90
Cumberland and Ohio (No. Div.), Shelbyville to Bloomfield, Ky 26.72
Shelby Branch : Shelby Junction to Shelbyville, Ky 19.10
Louisville Ry. Transfer : L. C. & L. RR., to L. & N. RR 4.13
Glasgow Branch : Junction (90 m. s. w. Louisville) to Glasgow, Ky 10.50
Elkton and Guthrie RR.: Elkton, Ky., to Guthrie, Ky 11.00— 221 44 miles.
III. OPERATED FOR ACCOUNT So. & No. ALA. RR. Co.
So. and No. Ala. RR.: Decatur, Ala., to Montgomery, Ala 182.58
Wetumpka Branch : Elmore, Ala., to Wetumpka, Ala 6.30 — 188.88 miles.
Total length of all lines owned, leased and operated 2,102.44 miles.
IV. LINES OUTSIDE OF ITS OWN SYSTEM IN WHICH L. & N. Co.
is INTERESTED AS OWNER OF MAJORITY OF STOCK.
Nashville, Chattanooga and St. Louis Ry. System 580.00
\ Pensacola and Atlantic RR . . .161.00
Owensboro' and Nashville Ry 84.00
Birmingham Mineral RR 11. 00
Nashville and Florence RR 56.00
Henderson Bridge and connecting track 10.00 — 902.00 miles.
V. LINES IN WHICH THE COMPANY is INTERESTED AS JOINT
LESSEE WITH THE CENRTAL RR. OF GA.:
Georgia RR. and dependencies 679.00 miles.
1,581.00 miles.
Add Louisville and Nashville System, as above .2,102.44 miles.
Total owned, operated, and controlled (built) 3,683.44 miles.
Sidings on RR. owned and operated (I.) 229.49 miles, making total track, 1.854.84 miles, of
which laid with steel, 1,237.39 miles. Sidings on leased roads (II.) and (III.), 51.59 ; total
track, 511.01 miles ; steel rails, 308.85 miles. Gauge, 4 ft. 9 in. Rail, 58 and 60 Ibs.
History. — The Louisville and Nashville Railroad Company was incorpo/ated by Act ap-
proved March 5, 1850, and opened its main line, 185 miles, in November, 1859. Since then
it has, by various extensions and the acquirement of sundry lines under lease or otherwise,
increased its system to 2,102.44 miles, of which 79.80 are leased to other Cos. The following
statement shows the gradual increase of the system as well as the sources and manner of such
increase.
The company has the following additional mileage under construction, to be completed
during 1887: An extension of the Bardstown Branch, from Bardstown to Springfield, Ky., 22
miles ; the Indiana, Alabama and Texas Branch, from Clarksville, Tenn., to Princeville, Ky.,
57 miles ; a branch from Corbin, Ky., along the valley of the Cumberland to Pineville, Ky.,
* Leased to Kentucky Central RR. Co. t Leased to Chesapeake, Ohio and S. W. RR. Co.
J Since January 1, 1885, operated in connection with the Louisville and Nashville RR.
680
POOR'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO.
30 miles : an extension of the Nashville and Florence RR. from St. Joseph, Ala., to Florence
and Sheffield, 25 miles.
NAME OP LINK OR
ORIGINAL COMPANY.
TERMINI OP ROAD.
L'gth
in
Miles
REMARKS.
From—
To-
Louisville & Nashville .
Bardstown & Louisville
Lebanon-Knoxville Br.
Providence Branch
Memphis Branch
Louisville, Ky
Junction, Ky
Lebanon June., Ky.
Madisonville, Ky. . .
Memphis June., Ky.
Junction, Ky
Guthrie (Ky. Line).
Paris, Tenn
Nashville, Tenn
Bardstown, Ky
Jellico, Tenn. S. L.
Providence. Ky
Tenn. State Line...
Richmond, Ky
Paris, Tenn
185.2.3
17.30
170.80
16.20
46.00
33.80
82.50
130.00
10.50
119.09
183.58
6.30
46.00
178.80
141.00
5.00
47.00
88.25
I60.ro
41.50
5.90
44.54
38.00
29.63
30.50
26.72
110.10
67.00
11.00
19.10
4.13
10.50
10.00
" Main Stem." Opened in Sept., 1859.
Chartered Mar. 6, 1856. Bought in 1865
at judicial sale. Now Bardstown Br.
Built under charter of L. & N. Co. Opened
to Jellico, in 1882. For dates of open-
ing of seve ral sections see Manual for
1884, p. 510.
Built by L. & N. Co. Opened in 1883.
Built by L. & N. Opened in Sept., 1860.
Built by L. & N. Opened, in Nov.. 1868.
Leased to Kentucky Central RR. Co.
on January 1, 1884, for 99 years, at an
annual rental of $24.000.
Chartered Jan. 28. 1852. Sept. 30, 1871,
the L. & N. Co. purchased the road for
$1.700.000 in bonds of the State, and on
Oct. 1, 1871, assumed possession.
Chartered Feb. 4, 1852. Originally char-
tered as the Nashville & Memphis RR.
Co. In Sept., 1867. the L. & N. Co. took
a lease of the line for 10 years. On Oct.
9, 1872, the M. & O. Co. was merged into
the L. & N. Co., the stock of the latter
being issued in exchange for that of
the former.
Leased for net earnings, Sept. 26, 1871.
Leased May 4, 1872, to L. & N. Co. for 30
years, from July 1. 1872.
See page 687. Operated since completion
by L. & N. Co. (which owns a majority
of stock) for ace. of S. & N. Ala. RR Co.
Built by the Elizabethtown and Paducah,
and opened April 14. 1874. Purchased
at decretal sale by the L. & N. Co., Jan.
19, 1877. On Jan. 1, 1882, it was leased
to the Chesapeake, Ohio & Southwest-
ern RR. Co. lor 99 years at an annual
rental of $60,000, with the privilege to
that company of purchasing at $1,000,-
000.
See page 686. Leased tc L. & N. Co.
(which owns nearly all the stock), for
20 years from Jan. 'l, 1881.
See page 687. Operated by the L. & N.
Co., which owns all stock.
See page 687.
Owned absolutely by L. & N. Co., and
operated as the Henderson Division.
See Manual for 1884, p. 510.
See page 687. Leased to L. & N. Co. for
49 years from Jan. 1, 1881. Lessee owns
all but a few shares of its capital stock.
Originally built in 1859. Destroved dur-
ing Civil War. Rebuilt in 1869-70 under
name of Pensacola RR. Absolutely
owned by L. & N. Co.
Chartered Jan. 30, 1858. Sold under fore-
closure Sept. 22. 1879 (then completed
from Selma to Pineapple, Ala., 40 miles,
and acquired bv the Pensacola & Selma
RR. Co. (incorporated March 18, 1880),
which transferred it to the L. & N. Co.
Completed by the latter Co. in 1881.
The Southern Div. wns built in 1880 by
L. & N. Co.; leased for net earnings.
The Northern Div. was built and leased
by the L., C. & L. Ry. ; acquired through
lease of latter.
Chartered Oct. 1, 1877. Successor, Oct.
1, 1877, to the L., C. & L. RR. Co. (a
consolidation of the Louisville and
Frankfort and Lexington and Frank-
fort). Purchased and incorporated
Nov. 1. 1881, into the L. & N. system.
Opened in 18'5. Purchased at foreclos-
ure sale in 1879 by the L., C. & L. Ry.
Co., and transferred to L. & N. Co.
I Leased. See statement for Co.
opened Feb. 1,1885. Leased by L.&N.Co.
Opened July 13, 1885. Operated by L.& N.
RR. Co. See statement for company.
Richmond Branch.
Memphis, Clarksville |
and Louisville (
Memphis and Ohio
Memphis, Term
Glasgow, Tenn
Decatur, Ala
Glasgow Branch RR
Nashville & Decatur...
South & North Alabama
Wetumpka Branch. . .
Cecilian Branch
Mobile & Montgomery.
N. Orleans, Mob. &Tex.
Pontchartrain
Edgefleld & Kentucky..
Evansv., Hend.& Nashv
Southeast & St. Louis..
Shawneetown Branch
O'Fallon Branch
Alabama & Florida
Selma and Gulf
Junction, Ky
Nashville, Ten
Decatur, Ala
Montgomery, AJa. . .
Wetumpka, Ala
Cecilia June., Ky. . .
Montgomery, Ala. . .
Mobile, Ala...
Elmore, Ala
Louisville, Ky
Mobile, Ala
New Orleans, La
New Orleans, La...
Nashville, Tenn
Guthrie (State line).
East St. Louis, 111..
Shawnee June., 111.
O'Fallon June., 111.
Flomaton, Ala
Selma, Ala
Lake End
Guthrie (Ky-Tn.l'e)
Henderson, Ky
Evansville, Ind
Shawneetown, 111. . .
O'Fallon, 111
Pensacola, Fla
Pineapple, Ala
Repton
Greensburg, Ky
Bloomfleld, Ky
Newport, Ky
Lexington, Ky
Prospect, Ky
Cnmb. & Ohio— So. Div.
Cumb. & Ohio— No. Div
Louisv., Cin. & Lex'ton
Lexington Branch.. .
Louisv., Harrod's Cr. 1
Flomaton, Ala
Lebanon, Ky
Shelbyville, Ky
Louisville, Ky
La Grange, Ky
Louisville,"Ky
Shelby June., Ky...
L. C. & L. Ry., Ky.
Elkton, Ky.
Shelby Branch ....
Shelbyville, Ky
L. &N. RR., Ky...
Guthrie, Ky
Railway Transfer
Elkton & Giithrie
Henderson Bridge
Henderson, Ky
Evausville, Ind
POOR'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO.
G81
Rolling Stock (June 80, 1886).— Locomotive engines, 889. Cars— p~ singer, 212;
parlor, 4 ; baggage, express, etc., 93; caboose, 179; freight (box, 4,452; comb, stock and
box, 16; gondola, 2,800; furniture, 25; refrigerator, 80; rack, 418; fruit, 338 ; coal, 198?
flat, 1,818 ; oil tank, 46 ; low flat, 102). 9,788. Total revenue cars, 10,276. Officer*', 4 ; pay,
2 ; wrecking, 14 ; tool, 16; boarding, 110 ; cook, 1 ; pile-driving, 4 ; ditching, 10 ; and steam
shovels, 2. Total cars, 10,439. Also on Narrow-Gauge line : Engines, 3 ; coaches, 6 ; ca-
boose, 1 ; box, 12 ; gondolas, 15 ; rack, 3 ; flat, 1 ; rock, 15. Total of all cars, 10,490.
Statement of operations, etc., by divisions, for year ending June 30, 1886 :
I. Locomotive and Car Service :
OPERATING
DIVISIONS.
L'NGTH
W'K'D.
TOTAL REVENUE TRAIN SERVICE.
TOTAL
ENGINE
SERVICE.
CAR SERVICE.
Pass-
enger.
Freight.
Mixed.
Total.
Pass-
enger.
Freight.
Total.
Main Stem
Nashville & Decatur Div.
S. & N. Alabama RR....
Mobile & Montg'y RR. . .
3f.
185.23
119.09
188. 88
178.80
M.
510,840
218,135
326.180
317,576
M.
941,755
463,644
1,014,956
527,810
M.
if.
1,452,595
681,779
1,341,136
845,386
558,765
61,916
14,887
732,720
20,432
16,751
826,557
14,607
939.863
736,046
45,275
146,10)
814,476
283,223
27.865
35,424
25,916
52,610
M.
l,925,4f!5
818,498
1,755.008
1,054,985
701.968
61,916
15,123
831,442
26,516
17,046
980.807
20,063
1,286.179
1,087,688
60.697
221,115
1,191,633
3C3,6ti3
32,4(i4
38,779
32,014
52,755
if.
2,937,232
1,041,307
1,743.853
2,262,575
1,992,417
140,772
37,096
936.717
52,(J17
27.576
1,822,306
27,444
1,288,489
1,398,997
65,4C>5
314,348
1,810,987
672,418
71,952
94,074
50,891
83,285
IT.
18.243,513
ii.i *5.i;<r>
15,8M),437
9,469,564
5,346,555
4,519
46,288
8,163,S52
9~>,7'.W
£3,635
7,141.2H6
11,035
10,832,667
6,516,852
233,863
1,350,646
8,061,273
2,583,914
126,048
65,950
13,554
348,390
M.
21,180.745
10,126,912
17,624,290
11,732,189
7,338,972
145,291
83,384
9,100,569
145,407
51,211
8,963,572
38,479
12,121,156
7,915,849
299,328
1,664,994
9,872,260
3,256,332
198,000
160,024
70,445
381,675
New Orl's, Mo. & T. RR.
Pontcharirain Railroad. .
141.00
5.00
316,543
242,222
61,916
14,887
Bardstown Branch
Knoxville Branch
17.30
170.80
30.90
10.50
252,198
' 480,522
Cum. & O RR., 8. Div. .
Glasgow Railroad
20,432
16,751
Memphis Line
258.50
11.00
151.45
208 00
64 74
44.54
411,104
415,453
Elkton & Gutlirie RR . . .
Evanv., Hen. & N. Div..
St. Louis Division ....
14,607
333,937
819,642
605,926
416,404
Pensacola & Selma
45.275
146,160
Pen.-acola Division
Cincinnati Division
Lexington Branch
108.96
67.00
19.10
348,520
162,651
465,956
120,572
Shelby Railroad
27,865
35,424
25,916
Cum. & O. RR., N. Div..
Narrow G-mge
26.72
11.00
Railway Transfer.
4.13
8,650
43,960
Total
2,022.64
3525,976
5,739,180
409.233
9,674,389
12,575,854
18,822,818
103,648,216
122471.084
II. Passenger and Freight Traffic :
OPERATING DIVISIONS.
PASSENGER TRAFFIC.
FREIGHT TRAFFIC.
Pass-
engers
Carri'd.
Carried
One Mile.
Av'g
per
Mile.
Tons
Moved.
Tons Moved One Mile.
North.
South.
Total.
Aver.
P.M.
Main Stem
No.
452,248
207,210
266,143
180,552
251,628
258,910
25,092
222.687
19,688
19.660
No.
22,189,801
9,631,424
13,400,673
13,129,703
18,706.936
1.294,550
298,496
7,027,417
360.213
203,186
12,813,220
129,001
9,955,238
10,348,926
210,323
1,657,197
13,713,266
6,672,155
856,755
384,579
804,742
156,650
Cts.
2.421
2.326
2.303
2.358
1.854
1.088
2.395
2.704
2.803
3.833
2.631,
4.314
2.599
2.492
4.120
3.275
2.396
2.411
2.413
2.559
2.267
4.629
No.
1,392,017
661,284
1,410,280
463,190
297,323
2,162
23.905
507,038
26,728
13,455
454,995
5,292
786.424
771,798
62.839
219.336
1,042,078
875,362
36.238
14,745
15,678
359,941
No.
81,219,464
30,729,865
41,418,877
81,481,848
12,508,881
8,065
135,421
52,546,526
401,270
90,094
19,544,626
38,096
23,321,976
25,083,567
231,208
1,639,407
38,964,222
Il,a34,018
367,254
125,172
17,675
1,189,225
Ko.
73,406,633
42,672.184
81.430.097
43,528,445
23,311,455
2,565
190.578
10,837,314
180,061
56,082
30,751,523
22,372
63,335,i;01
24,314.319
S23.n2.-)
6,925,591
27,742,611
8,807,9ti3
289,06s
168.745
59,096
610,480
No.
154.626,097
73,402,049
122,848974
64,959,793
35,820,336
11.230
325,999
63,383,840
581 ,.331
146,176
50,296,149
60,468
86,657,577
49.3'.i7.Ss6
1,054,233
8,564.998
or,.;ot;.833
20,702,011
6M.au
293,917
76,771
1,799,705
Cts.
1.116
0.985
0.907
1.004
1.195
18.874
4.107
0.942
5.320
8.801
1.1H6
10.568
1.111
1.075
4.705
1.517
0.950
1.090
4.263
3.777
6.826
9.113
Nashville & Decatnr Division
South and North Alabama Railroad.
Mobile and Montgomery Railway —
New Orleans, M. & T. Railroad
Bardstown Branch
Knoxville Branch
Cumberland & Ohio RR., S. Division.
Glasgow Railroad
Memphis Line
387,735
13,124
292,912
251,544
8,289
49,671
440,494
194,203
54,463
24,397
42,561
82,080
Elkton and Guthne RR
Evansville, Hend. and Nashville Div..
St. Louis Division
Pensacola and Selma .
Pensacola Railroad
Cincinnati Division
Lexington Branch
Shelbv Railroad
Cumberland and Ohio RR. N. Div
Railway Transfer
Total
3,695,351
143,474,451
2.380
8,942,102
302,846,887
439,528,808
802,372695
1.079
In the foregoin"- statement are included 644.142 tons and 53,143.310 ton-miles (24,857,932 north, and 28,285,378
south) of company freight, representing a revenue of $292,846.08 and an average ton-mile rate of 0.553 cent.
POOR S MANUAL — LOUISVILLE AND NASHVILLE RR. CO.
III. Earnings, Expenses, etc.:
OPERATING DIVISIONS.
GROSS EARNINGS.
OPERATING
EXPENSES.
NET EARNINGS.
Passenger.
Freight.
All Sources.
Amount.
Ratio
of
Earn.
Amount.
Per Mile.
Amount.
Per
Mile.
$
545,095 54
226,703 68
811.092 82
312,886 00
k 349,792 38
14.089 05
7,217 99
192,108 80
10,304 93
7,970 98
379,558 07
5,667 35
26-2,965 91
262,127 43
10,158 20
54,602 54
333,160 92
162,314 80
21,708 06
10,133 39
6,937 89
7,425 25
S
1,725.006 36
722,574 85
1,113,577 09
652,439 47
427,958 98
2,119 65
13.389 13
596,881 97
30,928 78
12,865 75
601,555 38
6,490 31
962.034 33
531,058 37
49,607 66
129.94S 81
633,902 86
225,573 28
27,993 26
10,108 26
5,241 09
174,010 45
8 8
2,741,726 74 14.801 74
989,468 00 8.308 57
1,469,088 91 7,777 84
1,032,936 33 5,777 05
838,133 40 5,944 20
16,292 70 i 3,258 54
22,159 16: 1,280 88
817,204 73 4,784 57
43,428 03 1,40544
21,809 52 2,077 09
1,074,380 73i 4,156 21
12,999 39 1,181 76
1,254,735 54 8,28482
837.104 71 4,024 54
63,526 94 981 26
199,427 71 4,477 50
1,066,138 89 9,702 08
400,224 37 6,063 05
52,546 72 2,751 14
21,98628 82294
12,649 22 1,149 93
183,050 5444,32216
8
1,240.909 10
589,797 09
1,042.947 20
786,925 30
558,375 16
22,235 66
13,731 17
489,721 75
27,445 93
13,542 45
672,031 72
11,02768
654,793 01
681,323 47
65,987 28
180,195 37
805,021 04
218,456 58
29,214 36
34,772 62
12,311 76
58,529 56
p. c.
45.26
59.01
70.99
76.17
66.62
161.02
61.97
59.94
63.20
02.09
62.55
84.83
52.18
81.39
103.87
90.36
75.58
53.78
55.59
158.16
97.17
31.98
1 ,600,817 W
399,670 91
420.141 65
246.011 03
279.758 24
d. 9,942 9<;
8,427 99
327,482 98
15.982 10
8,267 07
402,349 01
1,971 71
599,942 53
155,781 24
d. 2,400 34
19.232 34
261,11785
187,767 79
23,332 36
d. 12.7S034
337 46
124,520 98
8
8.10246
3,360 49
1.3759i)
l.!H4 10
<(. l.i'lW 59
4*1 16
1. <il 7 35
51722
787 34
1,56648
17925
3.961 32
74894
d. 38 00
431 80
2.3'.!5 63
2.*0,' 50
1,221 59
d. 478 58
30 OS
30,150 36
Nashville & Decat'r Dlv
S. & N. Alabama RR. . .
Mobile & Montg'y RR.
N.O., Mobile & fex.RR.
Pontchartraiu RR
Bardstown Branch
Knoxville Branch
Cumb. & Ohio S. Div..
Glasgow Railroad
Memphis Line
Elkton & Guthrie RR..
Henderson Division. . . .
St. Louis Division
Pensacola & Selma Div.
Pensacola Division
Cincinnati Division
Lexington Branch
Shelby Railroad
Cumb. & Ohio Nor.Div.
Narrow Gauge
Railway Transfer
Total
3,494,831 98
8,655,860 59
13,177,018 56
6,614 76
8,213,295 32
62.33
4,903,723 24
2,45408
IV. Net Revenue and Fixed Charges :
OPERATING
DIVISIONS.
NET
TRAFFIC
EARNINGS.
TAXES
PAID.
NET REVENUE.
FIXED CHARGES.
SURPLUS
TO
L. & X.
RR. Co.
Amount.
Per Mile.
Interest.
Dividends
etc.
Total.
MainS. andBrs*...
Memphis Line
Ev. H. &N. Div....
S. E. & St. L. Ry...
Nashv. & D. RR...
S. & N. Ala. RR. . . .
Mo. & Mtg. Ry
N. O., M. & T. RR.
Pontchartrain
Pensacola RR
Pensa. & Sel. RR..
Elk. & Guthrie..
8
1,837,066 07
402,349 01
599,942 53
155,781 24
399,670 91
426,141 65
216,011 03
279,758 24
d. 9.942 96
19,232 34
d. 2,460 34
1,971 71
8
92,449 67
46,016 64
14,742 61
38,193 61
24,803 78
34,808 83
35,303 70
32,170 29
1,15866
5,545 65
4,766 65
S
1,744,616 40
&56,332 37
585,199 92
117,587 63
374,862 13
391,:i32 82
210,707 33
247,587 95
d. 11,10162
13,686 69
d. 7,220 99
1,971 71
14,409 20
d. 13,86210
413,31638
121,889 57
23,332 36
8,267 07
8
4,539 37
1,378 40
3,863 98
56533
3,147 72
2.071 86
1,178 45
1,755 94
d. 2,220 32
30729
d. 11163
17925
46632
d. 518 79
2,34892
29,51321
1,221 59
78734
$
1,466,041 25
374,133 11
143,40000
300,00000
143,68000
535,572 15
177.340 00
360,00000
8
8
1,466,041 25
374,133 11
143,400 00
300,00000
260,77494
535,572 15
177,397 00
360,00000
8
278,575 15
d. 17,80074
441,799 92
d. 182,412 37
114,08719
d. 144,239 33
3=3,309 67
d. 112,412 05
d. 11.101 62
d. 22,31331
d. 55,46699
tl 17 ,094 94
$5766
36,00000
48,240 00
36,00000
48,24000
1.971 71
21,00000
i i,97i n
C. &0. RR., S. D..
C. &O. RR. N. D..
L., Gin. &L. Ry. ...
Railway Transfer. . .
Shelby RR
15,982 10
d. 12,786 34
448,885 64
124,520 98
23,332 36
8,267 07
1.572 90
1,07576
35,569 26
2,631 41
21,00^ 00
d. 6,590 80
d. 13,86210
d. 44,11)8 62
99,009 57
8,332 36
457,420 00
22,88000
457,420 00
22,880 00
15,00000
8,2ii7 07
§ 15,000 00
§ 8,267 07
Glasgow RR
Total.
4,963,723 24
370,814 42
4,592,908 82
2,270 75
4,085,706 51
142,391 38
4,228,097 89
364,810 93
* Including Bardstown, Knoxville and Narrow-Gauge branches. t Dividend. $ Due outstanding stock.
§ Rentals.
Surplus to Louisville & Nashville RR. Co., as per table IV., $364,840.93 ; add receipts
from other sources, investments, etc., $207,807.19; and amounts to be refunded — by Southern
Division Cumberland and Ohio RR., $6,590.80 ; by Northern Division Cumberland and Ohio
RR., $13,862.10; by South and North Alabama RR., $144,239.33— total, $737,310.35. De-
duct amount paid Georgia RR. and Banking Co. (rental, $300,000, less received from the com-
pany, $255,185.14), $44,814.86. Balance, surplus, $692,495.49.
The company since its organization has paid cash dividends as follows :
No. 3. Aua;.
No. 4. Feb.
No. 5. Aug.
No. 6. Feb.
No. 7. Aug.
No. 8. Feb.
No. 9. Aug.
No. 10. Feb.
1864—6 p. c.
1865—4 p. c.
1865—4 p. c.
1866—4 p. c.
1866—4 p. C.
1867—4 p. C.
1867—4 p. c.
1868—4 p. c.
No. 11. Aug.
No. 12. Feb.
No. 13. Aug.
No. 14. Feb.
No. 15. Aug.
No. 16. Feb.
No. 17. Aug.
No. 18. Feb.
1868—3 p. c.
1809—3 p. c.
1869-4 p. c.
1870—3 p. c.
1870-4 p. c.
1871—3 p. c.
1871— i p. c.
1872—5 p. c.
No. 19. Aug., 1872—4 p. c.
No. 20. Feb., 1873-3 p. c.
No. 21. Aug., 1873—4 p. c.
(No Dividends for 3J yrs.)
No. 22. Aug., 187?— H P- c.
No. 23. Feb., 1878— H p. c.
No. 24. Aug., 1878— H P- c.
No. 25. Feb., 1879— H P- c.
No. 26. Aug., 1879—2^ p. c
No. 27. Feb., 1880—3 p. c
No. 28. Aug., 1880-5 p
No. 29. Feb., 1881—3 p. c
No. 30. Aug., 1881— 3 p. C
No. 31. Feb., 1882—3 p. C
POORS MANUAL — LOUISVILLE AND NASHVILLE RR. CO.
C83
Dividends NOB. 1 and 2 were stock dividends — No. 1 for \ of 1 per cent., payable Jan-
uary 1, 1882, and No. 2 for 10 per cent., payable April 1, 1804. There were also declared
stock dividends of 40 per cent., payable February 10, 1808, and of 100 per cent., payable
November 13, 1880.
General Balance Sheet, June 3O, 1886.
LIABILITIES :
Capital stock .......................................................... $30,000,000 00
Funded Debt (see detailed statement) ....................... $69,988,254 50
Less Bonds securing Trust Bonds (see MANUAL for 1884) ..... 8,633,000 00— 61,355,254 50
City of Louisville Bonds ................................ ............. 201,000 00
Bills Payable ............................................. 41,229 16
Bills and Pay-Roils for June, 1886 .......................... 1,149,753 07
Interest due 'July 1st and August 1st ........... . ............ 501,528 59
Sundry Railroad's and Perseus .............................. 422,182 10
Back Dividends ........................................... 34,327 18— 2,149,020 10
Total ............................................................ $93,705,274 60
ASSETS :
Total cost of Road and Branches, June 30, 1886 ........................... $68,433,991 44
Stocks and Bonds Owned. No. Par Valves. Leger Valws.
U. S. Government Bonds (4 per cents) ......................... $165,000 00 g'195,434 03
Ten forty Adjustment Bonds .......................... 1,500 1,500,00000 1,275,00000
Trust Bonds (of L. & N. RK.) ........................ 24 24,00000 24,00000
Car-Trust Bonds (of L. & N. RR) ...................... 191 191,00000 191,00000
General Mortgage Bonds (of L. & N. RR.) ............. 79 79,00000 79,00000
Nashville and Florence Railroad Bonds ................ 300 300,00000 217,50000
Trust Bonds (L. & N.) pledged for Georgia RR. Lease. 190 190,000 00 190,000 00
Pensacola and Atlantic RR. 1st Mortgage Bonds ....... 160 160,000 00 138,491 25
O. & N. Ry. 1st Mortgage Bonds ...................... 846 846,00000 685,26000
Pens. & Atl. Laud Grant Bonds ....................... 758 758,000 00 765,830 00
• I., A. & T. RR. Bonds ................................ 619 309,50000 182,46706
N. C. & St. L. Ry. (Centreville Branch) Bonds ........ 75 75,000 00 75,000 00
Birmingham Mineral RR. Co. Bonds ................... 150 150,00000 135,00000
Sundry Railroad and other Bonds ................................ 181,11596
Lou.. C. & Lex. Gen. Mort. Bonds (of L. & N. RR.). . 50 50,000 00 50.000 00
Sinking Fund, Lou., Cin., and Lex. Railway .......... 50 50,00000 50,00000
Stock in Nashville and Decatur Railroad .............. 2,372 584,30000 588,33487
Stock in Owensboro and Nashville Railway ............ 7,094 709,400 00 184,803 48
Stock in Nashville and Florence Railroad .............. 4,200 105,00000 105,00000
Stock in Eureka Company (Iron Furnace) .............. 1 ,000 100,000 00 100,000 00
Stock in Sloes Furnace Co. (Iron Furnace) . ........... 835 83,50000 83,500 00
Sundry Railroad and other Stocks .................................. 236,70866
.... $ .......... $5,733,445 31 5,733,445 31
Stocks and Bonds held in Trust ............................. $21,231,827 49
Less: L. C. & L. Stock, in " Cost of Road " .......... $3.070,95975
Lebanon-Knoxville Mortgage bonds ............ 1,500,000 00
Mobile & Mont. Div. Mortgage Bonds ......... 2,677,000 00
Pensacola and Selma Mortgage Bonds .......... 1,248,00000 „
L., C. & L. General Mortgage Bonds ............ 3,208,00000 Il,703,9o9 75
--- 9,527,877 74
South and North Alabama Railroad Company ................. 2,071,723 10
Nashville and Decatur Eailway Company .................... 618,148 13
Pensacola and Atlantic Railroad Company .................... 16,009 26
Mobile aud Montgomery Railway Company .................. 1^3,354 09
Nashville and Florence Railroad Compauy ................... 236,012 84
Birmingham Mineral Railroad Company .................... 27,049 12
Northern Division Cumberland and O' io Railroad Company. . . 92,526 42
Southern Division Cumberland and Ohio Railroad Company. . . 81,026 U2
-- 3,325,849 88
Shop, Road, and Fuel Supplies ............................. 926,261 63
Real Estate, Quarry, and Timber Lands ..................... 598,745 88
Sundry Railroads and Persons ............................... 709,486 85
Bills Receivable .......................................... 616,02278
Due from Transportation .................................. 550,144 49
Cash ................................... 303,975 97
- . - 3,764,637 60
Claims in Litigation ..................................................... 850,808 73
Profit and Loss ........................................................ 2,068,663 90
Total.. .'. .......................................... $93,705,274 60
684
POOR'S MANUAL — LOUISVILLE AND NASHVJLLE RR. CO.
Statement of funded debt outstanding, June 30, 1886 :
CHARACTER op BONDS.
ROAD MORTGAGED.
Date
of
B'ds.
Maturity
of Bonds.
Interest,
Rate per cent,
and When
Payable.
Amount
Afloat.
Annual
Ch'ges.
Termini.
Miles.
Consolidated S. F. Mfg.
Louisv. Loans.Leb'n Br.
L'sv. L'ns. Leb. Br. Ext.
General Mortgage
Main Stem & Brs. (a) . .
!• Lebanon-Knoxv. Br..
(See below.)
Louisv. to N'p't & Lex'n
Memphis to Paris ....
453.13
170.80
1868
(1856
1lS63
1880
1867
1871
1872
1877
1879
1880
1881
1880
1877
1880
1881
April 1, 1898
Nov. 11. lK--ti
Oct. 15, is-.);
June 1, 1930
Jan. 1, 3897
June 1, 1901
Aug. 1, 1902
March 1, 1907
Dec. 1, 1919
March 1, 1920
March 1, 1921
Jan. 1, 1930
Oct. 1, 1907
Jan. 1, 1930
March 1, 1980
Nov. 1, 1931
Nov. 1, 1924
March 1, 1922
Oct. 1, '86-'89
Aug. 1, '86-'88
p.,
6
6
6
7
7
6
7
6
6
6
6
7
6
3
6
6
6
e
A. &O.
M. &N.
A. &O.
J. &D.
J. & J.
J. &D.
F. & A.
M. &S.
J. &D.
M. &S.
M. &S.
J. & J.
A. & O.
J. & J.
M. &S.
M. &N.
M. & N.
M.,J.,S. &D.
A. &0.
$
7,070,000
135,000
888,000
12,207,000
2,850,000
3,500,000
2,015,660
1,000,000
2,380,000
600,000
3,50",000
5,000,000
892,000
1,000,000
3,000,000
50,000
5,000,000
9,790,000
971,000
39,594
8
494,000
8,100
19.980
732,420
199,500
252.000
120,940
70,000
142,800
36,000
210,000
300.000
62,440
60.000
90,000
3,000
300,000
587,400
58,260
l8tMtg.,Louisv.,C.&L.
1st Mtg.,Mem.&O.RR.£
lstM.,M.C.&L., £432,800
1st Mtg., Cecilian Br . . .
l9tMtg.,E.H. &N'hv.D.
1st Mtg., Pensacola Div.
1st Mtg., St. Louis Div.
lstMtg.,N.O. &M. Div.
2dMtg.,L.,Ciu. &L. Ry.
2dMtg.,N.O. &M. Div.
2dMtg., St. Louis Div..
Gen.Mtg.,L..C.&L. Ry.
Ten-forty Adjust. Bds. .
Trust Bonds
177.10
129.77
82.25
46.00
135.25
44.54
161.00
141.00
177.10
141.00
160.60
177.10
Kentucky Line to Paris.
Louisville to Cecelia. . . .
Henderson to Nashville.
Pensacola to Junction. .
E. St. Louis to Evansv.
Mobile to New Orleans.
Louisv. to N'p't & Lex'n
Mobile to New Orleans.
E. St. Louis to Evansv.
Louisv. to N'p't & Lex'n
(See below.)
1884
1882
1882
Car Trust Certificates
Car Liens,L.,C.,& L.Ry.
The consolidated pinking fund bonds are a first lien on the main stem and the Bards-
town branch, Lebanon-Knoxville, Memphis and Richmond branches.
The general mortgage bonds are $1,000 coupon and tax-free. They may be registered
at the company's office, Nesv York. Principal and interest payable in gold in New York.
Trustee: Central Trust Co., New York. Authorized issue, $20,000,000. They are secured
by mortgage on the main line and the Bardstown, Lebanon-Knoxville, Richmond and Mem-
phis branches, aggregating 453.13 miles ; on the line from Guthrie to Memphis, 212.5 miles ;
on the Cecilian branch, 46 miles ; and on the Henderson Division and Providence branch,
together 151.45 miles. A total of 863.08 miles, on which there were prior liens amounting
to $18,886,000, for the funding or discharge of which an equal amount of the general mort-
gage bonds were reserved. The bonds are also secured by mortgage on all the property,
franchises, etc., of the above lines, so that upon the cancellation of the prior bonds they will
become a first lien on the 453.13 miles of main line and branches and a 2d lien on the other
lines above specified. See MANUALS 1882 to 1886.
Following are the obligations of the Louisville and Nashville RR. Co. on account of
leased roads, etc.
Miles.
Names of Roads.
Mortgages.
Bonds Out-
standing.
Rate.
Interest
Charges, etc.
182.58
6.30
South and North Alabama |
State Indorsed . . .
Sterling Mortgage
Second: Mortgage.
First Mortgage..
Old Mortgage
Stock guaranteed.
First Mortgage...
First Mortgage...
§391,000
4,498,8tiO
l.:ti».000
1,900,000
178,000
1,971.582
300.000
286,000
8 per cent.
£6 Steri'g.
6 per cent.
7 per cent.
6 per cent.
6 per cent.
7 per cent.
8 per cent.
$31,280
273.700
117.600
133.000
10.6SO
11S.SI5
21. 000
22,880
Wetumka Branch )
119.09
Nashville and Decatur
30.50
4.13
Southern Division Cumberland and Ohio
Louisville Railway Transfer
342.60
SI 1,485,442
8728,435
19.10
26.72
10.50
11.00
Shelby Railroad Fixed Annual Rental - -
$15,000
Northern Division Cumberland and Ohio, Ren
Glasgow Railroad, Rental— net earnings estim
Elkton and Guthrie net earnings
tal net earnings
ated
8,000
67.32
823,000
The company is also liable for one-half guaranteed rental of Georgia RR., $300,000, and
for guaranteed interest on Pensacola and Atlantic RR., $180,000. The latter when paid be-
comes an advance to the Pensacola and Atlantic RR. Co
POOR'S MANUAL — LOUISVILLE AND NASHVILLE BE. CO.
685
The trust bonds of 1922 are secured by mortgage on 722 miles of road and by deposit of
various stocks and bonds of a par value of $28,152,700 (see MANUAL for 1883, pp. 537, 538
and 539). The New Orleans and Mobile Division 2d mortgage bonds were it-sued in place of
$3,000,000 debenture scrip of the New Orleans, Mobile and Texas RR. retired ill 1882. The
ten-forty adjustment bonds are secured by a mortgage on the main stem and the Bardstown,
Lebanon-Knoxville, Memphis, Henderson and Madison branches, aggregating- 783.29 milep,
by a 2d mortgage on the bonds and stocks covered by the trust deed of March 1, 1882, and
by a lieu on the equipment covered by the car trust agreement of March 30, 1882.
Statement of mileage, operations, capital account, etc., for seven years :
/
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned *
1,405.98
210.09
223.88
1,437.98
210.17
223.88
1,577.98
261.17
188.88
1,696.15
260.04
188.88
1,696.15
260.04
188.88
1,696.15
270.54
188.88
1,692.12
221.44
188.88
Miles of Riiilroad Leased
Miles of Railroad Operated
Total
1 839 95
1,872.03
1,845.33
311
148
67
7,209
2,404,557
4.067,293
6,728,276
2,500,000
82,044,283
3,286,000
492.933791
I
2,599,353
7,407,403
904.S94
10.911,650
6.713,132
4,198.518
5,828 89
3,586 09
2,242 80
61. 67 p. C.
3.17 c.
1.50 c.
$
18,130,913
48,485,440
1,261,723
965,462
343,643
2,028.03
1,971.00
364
189
85
10,909
2,898,783
4,595,920
7,757,067
2,813,501
111.137.575
6,533<317
596 639,434
$
3,007,465
8,050,339
929,940
11,987,744
7,429,370
4,558,374
5,930 24
3,648 44
2,281 80
61. 97 p. c.
2.71 c.
1.35 c.
$
18,133,513
59,572.778
592,729
1,751,178
430,716
1,205.706
777,501
2,145.07
2,032.00
374
204
88
10,566
3,159,549
5,081,668
8,612,984
3,521,210
129,272559
7,302,145
664.139416
$
3,379,178
8,786,574
1,069,164
13,234,915
8,099,596
5,135,320
6,513 24
3,986 02
2,527 22
61. 19 p. c.
2.61 c.
1.32 c.
$
30,000,000
59,320,630
526,558
1,167,081
445,359
' 2,762,962
2.145.07
2,065.27
375
221
90
10,427
3,40.i,785
5,638,705
9,308,561
4,141,512
171,357260
7,9(59,776
687 015 158
s
4,013,396
9,233,671
1,104,026
14,351,093
8,823.783
5,527,310
(i,i)-18 77
4,272 46
2,676 31
61. 48 p. C.
2.32 c.
1.30c.
$
30,000,000
58,910,512
3,599,266
1,271,086
475,759
' 2,06? '.464
2,155.57
2,057.00
877
224
90
10,325
3,541,323
5,480,750
9,469,477
4,828,383
198243,482
8,365,521
750921409
$
4,169,125
8.703,795
1,003,426
13,936.346
8,182,255
5,754,001
6,747 95
3.951 83
2,786 12
58.71 p. c.
2.10 c.
1.16c.
$
30,000,000
62,808,314
189,279
1,094,944
499,433
2,102.44
2,022.64
391
218
93
10,009
3,661,740
5,917,586
10,184.389
3,695,351
143 474 451
8,942,102
802372,695
$
3,494,832
8,655,860
1,026.326
13,177.018
8,213.295
4,963,723
5,891 47
3,711 26
2. 180 21
62. 99 p.c.
2.45 c.
l.lOc.
8
30,000,000
61,550,254
41,229
1,606.262
501,530
Average Operated
1,705.45
284
138
84
5,227
1,527,893
2,720,445
4,351,424
898,026
48,389,896
2,139,153
319690,197
$
1,700,207
5,135,986
599,650
7,435,843
4,208,199
3,227.644
5.937 04
3,359 97
2.577 07
56.59 p. C.
3.72 c.
1.61 c.
$
9,059,361
30,978,020
890,343
1,679,242
321,839
452,965
3,909,759
Locomotives
Passenger Cars
Baggage, etc., Cars
Freight Cars
Passenger Train Miles
Freight Train Miles
Total Miles Run. .
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Gross Earnings
Operaiing Expenses
Net Earnings. .. .
Gross Earnings per Mile .
Operating Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per Mile
Aver. Rat e per Ton per Mile
Capital Stock
Funded Debt...
Bills Payable
Dues and Accounts
Interest, July and August.
Dividend, August
Profit and Loss
543,900
1,609,192
Total Liabilities
47,297,529
32,703,932
10,449,917
71,340,273
52,023,723
13,093,957
82,464,121
61,593,923
2,175.135
50,000
9,527,878
763,638
844,726
1,419.279
1,2:6,041
504,121
676,159
2,393,704
1,239,517
94,222,560
67,385,426
10,506,475
50,000
9,527,878
715,773
566,601
833,112
1,454. SI04
573,044
921,690
1,444,669
242,929
96,324^187
67,776,064
10,955,526
50,000
9,527,878
6*8,024
529,917
7t2,273
1,565,968
599,478
1,172,927
2,3<J8,816
297,316
94,591,970
67,930,874
6,255,452
60,000
9,527,878
689,941
617,376
72ti,6J4
1,733,805
603,250
1,567,792
2,004,920
404,714
2,479,344
93,705,275
68,433,991
5,683,445
50,000
9,527,878
598,746
550,144
926,262
2,071.723
618,148
635,979
2,236.319
303.976
2,068,664
Road and Outfit.
Stocks and Bonds
Sinking Fund L,C &L Ry
Stocks and Bonds in Trust. ....
Real Estate, etc
922,109
406,558
743,885
179.159
456,<209
574,998
400,438
460,524
922,745
1 36,969
1,257,973
579,836
329,348
317,7li8
986,084
1,191,870
Transportation Department . . .
Materials and Fuel
South and North Alabama RR. Co
Nashville and Decatur RR. Co
Other Companies
Bills, Accounts, etc
Cash
Profit and. Loss
Total Property and Assets
47,297,529
71,340,273
82,464,121
94,222,561
96,324,187
91,591,970
93,705,275
* Including lines leased to other corporations.
Annual meeting, first Wednesday in October. Books close ten days prior thereto. In-
terest and dividends payable in New York and Louisville ; interest on sterling bonds at
Baring Bros. & Co., London. Books close for dividend payments ten days prior thereto.
Stock ($30,000,000) and bonds listed on New York Stock Exchange. Registrars of stock,
National Bank of Commerce, New York, and Bank of Commerce, Louisville, Ky.
Recapitulation of fixed charges against income for fiscal year 1886-87 : Total interest
686 POOR'S MANUAL OF RAILROADS.
charges, L. & N., $3,739,202 ; total interest and guaranteed dividend?, $728,435 ; total fixed
rentals, $15,000— total, $4,467,637. Subject to the following credits : Rent of Cecilian
Branch, $60,000 ; rent of Richmond Branch, $24,000 ; interest on company's bonds in
treasury, $122,760— total, $206,760. Balance, $4,260,877. In the above the general interest
account is not reckoned, as the balances due this company, carrying interest, more than offset
the amounts bearing interest which the company owes.
Payments to be made on account of sinking funds, 1886-87, $568,267 ; on account of car
trusts, $340,658 ; guarantees for outside companies — Georgia RR. lease, half rental, $300,000;
Pensacola and Atlantic guaranteed interest, $180,000 ; Owensboro and Nashville guaranteed
interest, $9,600.
RAILROADS LEASED OR OWNED BY LOUISVILLE AND NASHVILLE RR. Co.
BIRMINGHAM MINERAL RAILROAD.— Mag-Ella, Ala., to Slogs, Ala., 7.76 miles ; Grace, Ala.,
to Redding, Ala., 2.7.1 miles— total, 10.47 miles. Gauge, 4 ft. 9m. Rail (steel), 58 Ibs. Chartered March 19, 1884 ;
Roiid opened June 1, 1884. Operated by L. & N. RR. Co. in connection with its South and North Alabama Divis-
ion. No financial statement furnished. Information refused. G. D. FITZHUGH, President; R. W. A. Wilda,
Secretary and Treasurer, Birmingham, Ala.
ELKTON AND GTJTHRIE RAILROAD.— Elkton, Ky., to Gnthrie, Ky., 10.5 miles. Total track,
(steel, 10. 5 miles), 11 miles. Chartered in 18J-4 ; road opened February 1, 1885. Operated by the Louisville and
Nashville RR. Co. under an agreement giving the net earnings to lessor company. Net earnings from date of
opening to June 80, 1885, $5,893.59 ; corporate expenses and taxes, $3,915.29 ; interest on bonds, $875 — total pay-
ments, §4,790.29. Surplus, $1,103.85. Capital stock, $46,400 ; funded debt, 1st mortgage 7 per cent. 30-year bonds,
due 1905, interest June and December, $25,000— total stock and bonds, $71.400, representing cost of road, etc. BEN
T. PERKINS, JR., President ; John O. Street, Secretary and Treasurer, Elkton, Ky.
GLASGOW RAILROAD.— Glasgow Junction to Glasgow, Ky., 10.5 miles ; sidings, 0.86 mile. Char-
tered in 1868 ; road opened March 1, 1869. Leased for ten years to Louisville and Nashville RR. Co. on September
26, 1871. On expiration of lease it was not renewed, but the road is now operated by L. & N. RR. Co., net earn-
ings going to lessors. Rental year ending December 31, 1884, $23,624.62; expenses and taxes, $14,575.08: net
earnings, $9,049.54. Payments to sinking fund, etc., $7,685.41. Surplus, $1,364.13. Capital stock, $246,000 ;
funded debt, $5,000 7 per cent, bonds. Cost of road, $139,314.49. H. C. TRIUG, President ; Joseph W. Smith,
Treasurer ; C. L. Hill, /Secretary, Glasgow, Ky.
HENDERSON BRIDGE AND RAILROAD.-Henderson, Ky., to Evansyille, Ind., 10.16 miles.
Gauge, 4 ft. 9 in. Rail (steel), 58 Ibs. Length of bridge superstructure, 3,686 feet. Organized under the laws of
Kentucky, September 21, 1880, and bridge opened for traftic July 13. 1885. Operated by the Louisville and Nu.-h-
vllleRR. Co., which in union with other connecting roads guarantees to the bridge company tolls to the amount
of $200,000 a year— being interest on bonds, $120,000 ; dividends on stock, $50,000 : sinking fund charges, $20.000
(until August 1,1895, after when it will be $18,000), and for maintenance, repairs, taxes, etc., $10,000. Capital
stock, $1,000,000 ; funded debt, $2,000,000 : bills payable, $148,000 ; current accounts, $45.259.82 ; interest accrued,
$52,260 ; earnings, July 13 to August 31, $39,380.90— total, $3,284,9(10.72. Contra: Cost of bridge, approaches and
connecting track, $1.935,898.71 ; franchises and guarantees. $1,000,000 ; bonds in treasury. $160,000 ; in sinking
fund, $20,000 ; stock in treasury, $64,500 ; cash and bills receivable, $104,5C2.01. The bonds are first mortgage 6
per cent. 50-years, due September 1, 1931, interest payable March and September in New York. Trnscees, < 'entral
Trust Company, New York, and S. B. Vance, Evansville, Ind. Registrar of bonds, Louisville and Nashville RR.
<'o., New York ; Registrar of stock, Continental National Bank, New York. Stock and bonds listed on the New
York Stock Exchange. MILTON H. SMITH, President ; S. S. Eastwood, Secretary and Treasurer, Louisville, Ky.
INDIANA, ALABAMA AND TEXAS RAILWAY.-Clarksville, Tenn., to Newstead. Ky., 30
miles. Organized in November, 1884, by the consolidation of the Indiana, Alabama and Texas (a consolidation
in 1882 of three companies of the same name organized in the States of Alabama, Tennessee and Kentucky), the
Mobile, Clarksville and Evansville, and the Princeton and Ohio River RR. Cos., the projected line extending
from Mobile, Ala., to the Green River in Kentucky, with a branch to Mt. Vemon. Ind. Construction was begun
about the same time, and the road completed as above in December, 1885. In August, 1886, it was purchased by
Louisville and Nashville RR. Co., and is now being extended 20 miles to Princeton, Ky. The above portion is of
narrow gauge, but will be changed to the standard of 4 ft. 9 in.
LOUISVILLE RAILWAY TRANSFER.— L., C. & L. RR. to L. & N. RR., 4.13 miles, with 0.83
mile sidings. Gauge, 4 ft. 9 in. Constructed in 1872 as connection between the Louisville, Cincinnati and Lex-
ington, and the Louisville and Nashville RRs., and operated under lease by the former until June, 1881. and since
then by the Louisville and Nashville, which pays interest on its bonds and other charges. Capital stock, $20,
557.95 ; and funded debt 1st mortgage 8 per cent. 30-year srold bonds, due May 1, 1901 : interest May and Novem-
ber, $286,000— total, $306,557.95. M. H. SMITH, President; R. K. Warren, Secretary, Louisville, Ky.
MAMMOTH CAVE RAILROAD.— Glasgow Junction to Mammoth Cave. Ky., 9 miles. Gauge, 4 ft.
9 in. Rail (steel), 50 Ibs. Chartered in 1874, and road opened November 17, 188G. Leased to Louisville and Nash-
ville RR. Co. Funded debt, $100,000 first mortgage 6 per cent. 25-year $1,000 coupon or registered bonds, dated
September 1, 1886, interest pavable March and September. Amount of stock outstanding not slated. JOHN F.
WHXLXS&, President ; J. Hill Eakin, Secretary and Treasurer. CORPORATE OFFICE, Nashville, Tenn.
MOBILE AND MONTGOMERY RAILWAY.— Mobile to Montgomery, Ala., 178.80 miles. Sid-
ings, etc., 18 miles. Gauge, 4 ft. 9 in. Rail (steel, 148.91 miles), 50, 56. 60 Ibs. Consolidation in 186s of the Mo-
bile and Great Northern and the Alabama and Florida RR. Cos. under the name of the Mobile and Montgomery
RR. Co. Purchased at decretal sale by the bondholders, who reorganized under the present name in 1874. Leased
for 20 years from January 1, 1881, to the Louisville and Nashville RR. Co., the rental being net earnings. Capital
stock (all owned by L. & N. RR. Co.), $2,950,800: funded debt, $2,950,000— total, $5.900.800. Contra: Cost of
road, $6,464,435.0(3. JOSIAH MORRIS, President, Montgomery, Ala.; R. K. Warren, Secretary, Louisville, Ky.
NASHVILLE AND DECATTJR RAILROAD.— Nashville, Tenn.. to Decatur. Ala., 119.09 mile?.
Sidings, etc., 12.81 miles. Gauge, 4 ft. 9 in. Rail (steel, 116.41 m.), 50 to 60 Ibs. Consolidation, January 1, 1888,
of the Tennessee and Alabama, the Central Southern, and the Tennessee and Alabama Central RH. cos The
two companies in Tennessee were chartered in 1852 ; the Alabama corporation in 1854. Their roads (forming :i
line from Nashville, Tenn., to Decatur, Ala., with a branch from Columbia to Mount Pleasant. Tenn., 11.5 miles)
were completed in 1859 and 1860. The branch line was abandoned by the consolidated company. Road leased
March 4, 1871, to the Louisville and Nashville RR. Co. for 30 years from Inly 1, 1872, the lessees assuming all
funded and floating debts not exceeding $2,450,000, and agreeing to pay, two years after the completion of the S.
POOB'8 MANUAL OF RAILROADS. 687
& N. Alabama RR., 6 per cent, on the capital stock. The first dividend under the lease was paid April I, 1875.
Capital stock (par, $25), $1,961,682.88 ; funded debt, 1st mortgage 7 per cent, bonds, due January 1, 1900, interest
January and July, £1.900,000 ; old mortgage 6 per cent, bonds, clue April 1, 1J-H7. interest April and October, $178,-
000— total, |4,029,58S.88. The 1st mortgage was made for $2,100,000, nut only 11,900,000 were issued, anil of this
amount $83,000 has been redeemed by the finking fund. The second mortgage wan for $500,000, of which only
$205,000 were issued. The 1st mortgage bonds were issued for the purpose of taking up the Tennessee State loans
to the original companies. J. W. SLOSS, Presiaent, Birmingham, Ala.; G. W. Seay, Secretary and Treasurer,
Nashville, Tenn.
NEW ORLEANS AND MOBILE RAILROAD.-New Orleans, La., to Mobile, Ala., 141 miles.
Sidings, etc., 2'2.45 miles. Gauge, 4 ft. 9 in. Rail (steel, 141 miles), 50 to 60 Ibs. For full history of this road see
MANUAL for 1885, pp 509 and 510.
On May 8, 1880, the road was leased to Louisville and Nashville RR. Co. for 50 years, and operated by that
company, M hich owns till of its capital stock. Locomotives. 24. Cars— passenger, 81 ; baggage, etc., 7 : freight,
196 ; other, 18— total, 276. Capital stock, $4,000,000 ; funded debt ($5,000,000 1st mortgage 6 per cent, gold bonds,
dated May 8, 1880, due January 1, 1930, interest January and July ; $1,000,000 3d mortgage 6 per cent, gold bonds,
dated October 5, 1?81, due January 1, 1930, interest January and July), $6,000,000— total stock and bonds, $10,-
000,000. Cost of road and equipment, $10,353,284.08. The $5,000,000 1 st mortgage bonds are deposited in trust
with the Farmers' Loan and Trust Co. of New York, to secure an equal issue of the oonds by the L. & N. RR. Co.,
and known as N. O. & M. Division bonds. E. H. GREEN, President ; D. Thomson, Secretary, New York, N. Y.
PONTCHARTRAIN RAILROAD.— New Orleans to Lake End. La., 5 miles. Owned by Lo lisville
and Nashville RR. Co., and operated in connection with the New Orleans and Mobile RR. Locomotives, 2. Pas-
senger cars, 10. No financial statement furnished.
SHELBY RAILROAD.- Shelby Junction (12.5 m. e. Louisville), Ky., to Shelbyville, Ky., 19.10 miles-
total track, 19.23 miles. Chartered in 1851 ; road opened in 1871. Leased for 30 years from August 1, 1879. to the
L., C. & L. Ry. Co., at an annual rental of $15,000. und all taxes. In June, 1881, the lease was transferred to the
Louisville and Nashville RR. Co., by which it has since been operated. Capital stock, $760,000 ; 1st mortgage 6
per cent. 10-20 bonds, dated Jnne 1, 1881, interest January and July, $50,000. Cost of road and equipment, $483,-
453. Rental received in 1885, $15,000 ; paid sundry expenses, etc., $2,500 ; balance, $12,500, out of which was paid
interest on bonds $3,000, leaving J9,500, which was applied to payment of dividends February 10, and December
5, at approximate rate of 2| and 1 per cent, respectively. The stock is increased every year by about $27,000 for
tax receipts that are paid each year ; but this will cease about January 1, 1889, by limitation. Dividends are paid
at Shelbyville ; interest at Shelbyville and Louisville. A. P. CAKKITIIEKS, President ; Shelby Vannatta, Treasurer;
S. S. Kirk, Secretary/, Shelbvville, Ky.
SOUTH AND NORTH ALABAMA RAILROAD.-Decatur, Ala,, to Montgomery, Ala., 182.58
miles ; Watumpka Branch, Elmore to Watumpka, Ala., 6.30— total, 188.88 miles. Sidings, etc., 31.91 miles.
Gauge, 4 ft. 9 in. Rail (steel, 182.20 miles), 56 to 60 Ibs. Main line opened October 1, 1872 ; the Watumpka
Branch, July 1, 1878. Operated by the Louisville and Nashville RR. Co., which owns a controlling interest in the
capital stock, and guarantees the 1st mortgage sterling bouds. Capital stock (common, $1,469,082.03 ; preferred,
$2,000,000). $8,469,982.08 : funded debt (1st mortgage State-indorsed 8 per cent, bonds, due 1890, $391,000 ; sterling
sinking fund 6 per cent. 30-year bonds, due 1903, interest May and November $4,620,110 : 2d mortgage 6 per cent,
bonds, due 1910 (for advances by L. & N. RR. Co., and owned by it). $2,000,000 ; Louisville and Nashville RR. Co.,
$1,733,805.24— total, $12,213,997.27. Contra: Cost of road, $10.455,852.64; State of Alabama 3 percent, fund
$297,774.44 ; bills receivable, 3 per cent, fund, $65,264.85 ; sundry persons, $11,167.39 ; stocks, $3,800 ; donated
lands, $3,680.09 ; cash, $495.79. Annual meeting, last Saturday in November, stock books closing ten days prior
to and reopen the day after the meeting. The sterling bonds and the State-indorsed issue are held in England.
J. W. Si.oss, President, Birmingham, Ala.; H. M. Bush, Secretary and Treasurer, Montgomery, Ala.
SOUTHEAST AND ST. LOUIS RAILWAY.— East St. Louis, III., to Evansville, Ind., 160.60
miles. Shawneetown Branch, Shawnee Junction to Shawneetown, 111., 41.50 miles; O'Fallon Branch, O'Fallon
Junction to O'Fallon, 111., 5.90 miles— total (steel, 152.47), 208 miles. Gauge, 4 ft. 9 in. This road is practically
owned by the Louisville and Nashville RR. -Co. The existing organization (Southeast and St. Louis Ry. Co.),
acquired title to the property subsequent to its foreclosure sale on the 18th of November, 1880, and leased it to the
L. & N. RR. Co., which issued its bonds in part payment, the price paid being $6,500,000 in L. & N. bonds— $3,-
500,000 in 40-year 6 per cent. 1st mortgage gold bonds, $3,000,000 in 99-year 3 per cent. 2d mortgage gold bonds—
and $1,000,000 in Southeast and St. Louis Ry. Company's stock. The bonds are known as St. Louis Division
bonds (see L. & N. siatement), and are secured by mortgages on all the road, property, franchises, etc., executed
by the Southeast and St. Louis Ry. Co., and also by the Louisville and Nashville Co. The capital stock of this
company is $1,000.000, all but $13,500 of which is owned by the L. & N. Co. Its corporate existence, as well as
the lease to the L. & N. (49 years from January 27, 1881), are merely formal. For full history of this road see
MANUAL for 1884, pp. 516 and 517.
Board of Directors L. & N. RR. Co., elected October 6, 188G.
John A. Carter Louisville, Ky.
Frederick W.Foote. New York, N.Y.
J. A. Horsey New York, N. Y.
John H. Inman New York, N. Y.
August Belmont, Jr.New York, N. Y.
Arnold Marcus New York, N. Y
Eckstein Norton.. New York, N. Y.
J. D. Probst New York, N. Y.
Thomas Rutter New York, N. Y.
J. S. Rogers New York, N. Y.
tf . tj. ilV/KGI P ....... 11 1 TT A V/l IV, Al . J. .
Milton H. Smith Louisville, Ky.
John D. Taggart Louisville, Ky.
J. B. Wilder . .*. Louisville, Ky.
ECKSTEIN NORTON, President New York, N. T.
Vice-President— Milton H. Smith Louisville, Ky.
2d Vice-President— A.. M. Quarrier Louisville, Ky.
3d Vice- President—^. B. Stahlman . . . Nashville. Tenn.
Comptroller— Cushman Quarrier Louisville, Ky.
Treasurer— Wm. W. Thompson Louisville, Ky.
Secretary— J. H. Ellis Louisville, Ky.
General Manager— J. T. Harahan, Louisville, Ky.
Transfer Agent— R. Anthou New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Louisville, Ky.
New Tork Office 50 Exchange Place, New York City.
LOUISVILLE, NEW ORLEANS AND TEXAS RAILROAD COMPANY.
Main Line of Road.— Memphis, Tenn., to New Orleans, La 456.18 m.
Subsidiary Lines built by Memphis and New Orleans RE. and Levee Co. : .
Leland Branch : Leland, Miss., to Huntington, Miss .'.21.90 m.
Washington Br. : Main Line June, to South. Boundary .Wash'n Co., Miss. 34. 00 m. — 55.90 m.
Total length of lines owned and operated 512.08 in.
Sidings, etc., owned, 53.06 ; leased, 5.06 miles. Gauge, 4 ft. 8i in. Kail (steel), 56 Ibs.
688
POORS MANUAL OF RAILROADS.
History. — Formed by consolidation, August 12, 1884, of certain companies which had
been organized in the States through which the line runs (see MANUAL for 1884, page 478).
Main line completed in October, 1884, and opened November 1st. Construction on the
Leland branch begun in 1884, and practically completed May 1, 1885. At Huntington (on the
Mississippi River) that branch connects by ferry with the Little Hock, Mississippi River and
Texas RR. The main line forms the connecting link between the Chesapeake and Ohio sys-
tem in the North and that of the Southern Pacific in the South.
Rolling Stock. — Locomotive engines, 58. Cars — passenger, 36 ; baggage, mail and ex-
press, 6; freight (box, 644; platform, 446; coal, 117; caboose, 30), 1,237; other, 40 — total
cars, 1,319.
Operations for 4 months ending December 31, 1886. — Train mileage — passenger, 252,-
681; freight, 247,605; mixed, 19,114; other, 220,190— total, 739,590 miles. Passengers,
211,075 ; carried one mile, 9,355,260 ; average mile rate, 2.39 cents. Tons of freight moved,
208,183; moved one mile, 46,311,109 ; average ton-mile rate, 1.26 cents.
Earnings.— Freight $581,911 92
Passenger 223,733 44
Express 8,843 14
Mail 13,92015
Miscellaneous 27,069 16
Total $855,477 81
Expenses.— Conducting Transportation $170,010 41
Motive Power 135,525 23
Maintenance Cars 48,361 01
Maintenance Way 109,241 94
General Expenses 15,480 73
Total $478,619 33
Net earnings, $376,858.49. Interest accrued on bonds, $133,333.33 ; rental, leased line,
$1,833.33; other payments, $7,300; taxes, $18,676.82— total, $161,143.48. Surplus, $215,-
715.01.
Financial Statement, December 31, 1886.— (For Main Line.) Capital stock, $4,455,000 ;
funded debt, $27,899,000; current accounts, $567,855.22; profit and loss, $215,715.01— total,
$33,137,600.23. Contra: Cost of road, $32,611,347.47; materials and fuel, $48,107.10; cur-
rent accounts, $291,884.39 ; cash on hand, $186,261.27— total, $33.137,600.23.
The funded debt consists of $10,000,000 first mortgage 4 per cent. 50-year bonds, due
September, 1934, interest payable March and September ; $7,899,000 second mortgage 5
per cent. 50-year income bonds, due September, 1934, interest payable, if earned, March and
September, and $9,100,000 income 6. percent, (non-cumulative) 50-year bonds, due September,
1934, interest payable March and September.
The firfft mortgage bonds are a first lien on the entire property and franchises of the
company except the lands of the company upon which the income bonds are a prior lien.
The company's lands, which are situated in the Yazoo Delta, were forfeited to the Levee
Board, and by' the latter sold to the Memphis and Vicksburg RR. Co., one of the original
organizations included in the present company. On branches or subsidiary lines built, the
authorized issue is $20,000 per mile of first mortgage 4 per cent, bonds, $20,000 per mile of
incomes, and $10,000 per mile of capital* stock, limiting the whole issue of income bonds to
$10,000,000 and stock to $5,000,000. The interest on second mortgage bonds begins to accrue
after September 1, 1888, and is then cumulative.
Annual meeting, first Monday in October. Interest on bonds payable in New York.
Board of Directors L., N. 0. & T. BE. Co., elected September 5, 1884.
R. T. Wilcon New York, N. Y. I E. H. Pardee New York, N. Y.
Isaac E. Gates New York, N. Y. Wm. Mahl New York, N. Y.
Wm. M. Johnston .New York, N. Y. | C. P. Huntingon...New York, N. Y.
E. Martin Vicksburg, Mies.
A. C. Hutchison. . .New Orleans, La.
James M. Ed wards. Memphis, Tcnn.
R. T. WILSON, President New York, N. Y.
V.-Pres.& Gen, Man.—J&s. M. Edwards. Memphis, Tenn.
•.'....*,.,... /"» TT T> 1 \. .,. V*rt-l. -VT ~V
Treasurer— F. H. Davis New York, N. Y.
Secretary— C. H. Bosher New York, N. Y. Auditor— J. T. Penton Memphis, Tenn.
Comptroller— William Mahl New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Memphis, Tenn.
Transfer Office , 2 Exchange Court, New York City, N. Y.
POOR'S MANUAL OP RAILROADS. 689
LOUISVILLE, ST. LOUIS AND TEXAS RAILWAY COMPANY.
Line of Road as projected. — Louisville, Ky., to Henderson, Ky. 136 miles.
Gauge, 4 feet 9 inches. Rail (steel), 56 Ibs.
History. — Chartered January, 13, 1882. Contracts for the construction of the line from
West Point, Ky., to Owensboro, Ky., about 88 miles, were let in March, 1887, and that part
of the road is expected to be completed by October 1, 1887. The company will use the tracks
of the Chesapeake, Ohio and Southwestern road from West Point to Lou^ville, under a tem-
porary contract. Whole line now under contract to be completed January 1, 1888.
Financial Statement. — Capital stock authorized (par, $100), $10,000,000, and limited in
issue to $20,000 per mile ; funded debt, first mortgage 6 per cent. 30-year gold bonds, due
February 1, 1917, interest payable February and August, $2,800,000 ; second mortgage 6 per
cent. 30-year bonds, due March 1, 1917, interest payable March and September, $250,000 —
total stock and bonds, $13,050,000.
At present only $2,320,000 of the first mortgage bonds will be issued, and that sum only
in payment for finished road in sections of 20 miles at rate of $20,000 per mile. Trustee of
bonds, Central Trust Co., New York, N. T. Financial Agents, W. V. McCracken & Co., 42
Wall Street, New York, N. Y.
Directors. — J. C. Fawcett, James P. Helm, P. McGuire, Edward Fulton, Louisville, Ky. ;
R. R. Pierce, Cloverport, Ky. ; J. D. Powers, Owensboro', Ky. ; one vacancy.
J. C. FAWCETT, President Louisville, Ky.
Vice.-Pres.— R. R. Pierce Cloverport, Ky. | Sec. & Treas.— George H. Lamkin Louisville, Ky.
MANSFIELD RAILWAY AND TRANSPORTATION COMPANY.
Line of Road. — Mansfield, La., to T. & P Junction 2 miles.
History. — Chartered February 16, 1881, and road opened in July, 1882.
Rolling1 Stock, — Locomotive engine, 1 ; passenger car, 1.
Earnings, year ending April 1, 1886. — Gross, $5,500 ; payments, $2,200 — net, $3,300.
Financial Statement, April 1, 1886.— Capital stock, $14,500 ; other liabilities, $10,600—
total, $25,000. Contra : Cost of road, etc., $22,000 ; lands, $1,400 ; other assets, $1,600.
BOLING WILLIAMS, President and Secretary Mansfield, La.
Marinaduke Ricks, Treasurer Mansfield, La.
PBINCIPAL OFFICE AND ADDRESS . .Mansfield, La.
MEMPHIS AND CHARLESTON RAILROAD COMPANY.
Main Line of Road. — Memphis, Tenn., to Stevenson, Ala 272 miles.
Somermtte Branch : Moscow to Somerville, Tenn 14
Florence Branch : Tuscumbia to Florence, Ala 6 — 20 miles.
Trackage : Naslimlle, C. & St. L. By., Stevenson, Ala., to Chattanooga, Tenn 38 miles.
Total length of lines operated 330 miles.
Sidings, etc., 32.33 miles. Gauge, 4 tt. 9 in. Rail (steel, 201.40 miles), 56 Ibs.
History. — Chartered February 2, 1846 ; road opened July 4, 1858. The branch from the
depot to the levee in Memphis was constructed in 1875-76. The road was leased to the East
Tennessee, Virginia and Georgia RR. Co. June 2, 1877, for 20 years from July 1, 1877, the
lessee agreeing to pay over to this company any surplus of net earnings after paying interest
on bonds. On April 29, 1887, a cancellation of this lease was entered of record in the Chan
eery Court at Memphis, Tenn., and formal transfer of the railroad and property was there-
upon made. The road is controlled by the East Tennessee, Virginia arid Georgia RR. Co.,
through ownership of a majority of the capital stock.
The Nashville, Chattanooga and St. Louis Ry. tracks are used under a 10-year contract,
dated October 1, 1880, at a rental of $5,000 a month.
44
690
POORS MANUAL — MEMPHIS AND CHARLESTON ER. CO.
Boiling Stock.— Locomotive engines, 54. Cars — passenger, 24 ; sleeping, 3 ; baggage,
mail and express, 13 ; freight (box, 694 ; stock, 49 ; fiat, 235 ; coal, 150), 1,128 ; caboose, 24;
other, 86 — total cars, 1,278. Of the above, 16 locomotives, and 10 passenger, 8 baggage, and
246 freight cars were acquired by car trust.
Operations for year ending June 30, 1886. — Trains run (passenger, 522,319 ; freight,
631,244), 1,153,563 miles. Total engine service, 1,245,694 miles. Passengers carried, 360,-
942 ; carried one mile, 17,196,061. Tons freight moved, 378,811 ; moved one mile, 68,202,228.
Earn Ings.— Passenger $442,565 34 Expenses.— Maintenance of Way $196,190 35
Freight 805,107 08 Motive Power 2-28,803 34
Mail 37,39104 Maintenance of Care 65,48028
Express 17,33750 Transportation 339.61052
Miscellaneous 27,519 88 General 69,756 37
Total ($4,030.06 per mile) $1,329,920 84 Total ($2,726.81 per mile).
Net earnings (32.34 per cent.), $430,073.98. Payments : Interest on bonds, $336,913.24 ;
change of gauge, $27,582.96 ; on account of car trust, $65,262.31— total, $429,758.51. Surplus,
$315.47.
General Balance Sheet, June 30, 1886.
Road, Equipment and Real Estate $10,209,611 12
Stocks, Bonds and other Assets
Car Trust Company
Materials, etc
New York Office
Sundry Dues and Accounts
Cash on Hand
Profit and Loss ... ,
49,317 38
127,641 05
11,800 85
34,028 54
75,842 58
24,685 33
402,132 05
Capital Stock $5,312,725 00
Funded Debt 5,528,000 00
Pay Rolls and Vouchers 82,356 40
Unpaid Coupons 13500
Agents, Individuals and Companies 11,842 50
Total Assets $10,935,05890 Total Liabilities $10,935,05890
" Stocks, bonds and other assets :" Stock of company on hand, $10,040 ; investment in
Memphis City bonds and other securities, $13,940.68 ; railroad hotel at Huntsville, $6,082.04;
Chattanooga Union Passenger Depot, $19,254.66.
Statement of funded debt, June 30, 1886 :
1st mtg. 7 p. c. bonds, dated May 1, 1854, due May 1, 1880, interest May and Nov. . . $4,000
1st and 2dext. bonds, dated 1854, ext. 1880, due Jan. 1, 1915, interest Jan. and July. .2,155,000
2dmtg.7p. c. bonds, dated Jan. 1, 1867, due Jan. 1, 1885, (renewed) int. Jan. and July. 105,000
Istnitg. (Tenn.Div.)7p. c. 40-year gold b'ds, due Jan. 1, 1916, int. Jan. and July 1,400,000
Consol. mtg. 7 p. c. 40-year gold bonds, due Jan. 1, 1916, interest Jan. and July 8U4.000
Gen. mtge. 6 p. c. 40-year gold bonds, due Jan. 1, 1924, interest Jan. and July 1,000,000
Of the consolidated $4,700,000 mortgage, 1,400 bonds (1 to 1,400), are assigned to the
liquidation of the State Hen ; 1,436 bonds (1,401 to 2,836) to the discharge of the 1st mortgage
bonds ; and 1,000 bonds (2,837 to 3,836) to the discharge of the 2d mortgage bonds. The re-
maining 864 bonds (3,837 to 4,700) are to be used as occasion may require. The Farmers'
Loan and Trust Company of New York are trustees under the mortgage.
Statement of earnings, expenses, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Gross Earnings
$
862,513
631,474
$
1,003,271
784,971
$
1,294,416
1,327,499
$
1.315,729
1,079,791
$
1,236,023
845,498
$
1,394,020
958,108
$
1,384,905
1,057,284
$
1,329.921
899,847
Operating Expenses
Net Earnings
231,039
3,171 00
2,358 39
812 61
73.15 p. c.
218,300
8,688 49
2,885 92
802 57
78.24 p. c.
clef. 33,084
4,432 93
4,546 23
dtf.ns so
102.47 p.C.
235,938
4,011 37
3,292 05
719 32
83.07 p.C.
390,525
3,745 52
2.5t>2 11
1,183 41
68. 40 p.c.
435,911
4,224 30
2,903 35
1,320 95
68. 73 p.C.
327,621
4,196 68
3,188 73
1,007 95
76.74 p. c.
430,074
4,03006
2,726 81
1,803 25
67. 66 p.c.
Gross Earnings per Mile —
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenseb to Earnings . . ...
The general mortgage bonds were issued during the past year, in accordance with the
authority conferred at stockholders' annual meeting in 1883, and the proceeds applied to the
discharge of the floating debt and matured coupons. These bonds are $1,000 each, interest
payable at the cpmpany's office, 8 and 10 Wall Street, New York, N. Y. Trustee : Central
Trust Company, New York, N. Y.
POOR'S MANUAL OF RAILROADS.
John T. Martin Brooklyn, N Y
E. H.R. Lyman.... New York, N. Y!
C.S. Brice Lima, O.
Samuel Shethar New York, N Y
Board of Directors, elected November 11, 1880.
Samuel Thomas New York, N. Y.
J. J. McComb.. Dobbs Ferry, N. Y.
J. C. Neely Memphis, Tenn.
C. M. McGhee Knoxville, Tenu.
John (;. Moore. ...New York, N. Y.
Napoleon Hill . .Memphis, Tenn.
H H. Kichiirds Atlanta, Ga.
S.S.Chamber]ain.Ghattanooga,Tenn. _.. ...
Addieon White Huntsville, Ala.
C. M. McGHEE, President , Knoxville, Tenn.
Calvin S. Brice, Vice- President New York, N. T.
Secretary-L. M. Schwan New York, N. Y. | Treasurer— H. C. Wilton Memphis, Tenn.
PKINCIPAL OFFICE AND ADDRESS Memphis, Tenn.
Transfer Office 10 Wall Street, New York, N. Y.
MISSISSIPPI AND TENNESSEE RAILROAD COMPANY.
Line of Road. — Grenada, Miss. , to Memphis, Tenn 99.26 miles.
Sidings, 5.74 miles. Gauge, 4 ft. 8| in. Rail (steel, 69.25 miles), 56 and 58 Ibs.
History.— Chartered in 1852 : road opened in 1857. In October, 1880, it was connected by
an extension (1.43 m.) with all the roads centring in Memphis. This road is now controlled
by the Illinois Central RR. Co., to statement for which reference should be made.
Rolling' Stock. — Locomotive engines, 12. Cars — passenger, 8; combination, 3; baggage,
2 ; freight (box, 94 ; stock, 8 ; platform, 47 ; hurdle, 16), 165— total, 178. Also, 16 hand and
5 boarding cars.
Operations for year ending September 30, 1886. — Train mileage — passenger, 95,026 ;
freight, 136,149; other, 39,500— total, 270,675 miles. Passenger and freight traffic — not re-
ported. Cotton received at Memphis, 58,200 ; forwarded to New Orleans, 41,756— total, 100,-
016 bales.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Engine Miles
181 380
277441
295,908
241,764
266,922
295,411
313,316
270 675
Gross Earnings
$
373,688
$
523,489
492,187
$
406,651
$
522,101
$
545,017
$
489,549
$
425.718
Operating Expenses
203,732
256,109
297,840
254,159
261,466
294,570
336,135
291,727
Net Earnings . . .
169 956
269 379
194347
152492
260,635
250,447
153,414
133 991
Interest on Bonds and Debt
Taxes, Salaries, etc
158,632
20428
162,085
19,851
151,749
21,364
161,612
163,372
21,891
159,542
25,861
160,243
25,728
199,100
35,014
Balance
— 9,104
+ 87,443
+ 21,234
- 9,120
+ 75,372
+ 65,044
- 32,057
-100,123
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile. .
Expenses to Earnings
'3.736 88
2,037 32
1,699 56
54.56 p. c.
5,254 89
2,561 09
2,693 80
48.74 p. C.
4.852 48
3,145 67
1,706 81
64. 82 p. C.
4,066 51
2,541 59
1,524 92
62.51 p. C.
5,221 01
2,614 66
2,606 35
50. 08 p. C.
5,490 80
2,967 66
2,523 14
54.91 p. c.
4,931 99
3,386 41
1,545 58
68. 66 p. c.
4.2S8 92
2,939 02
1,349 90
68. 53 p. C.
Earnings.— Passenger $100,778 18
Freight 309,78599
Mail and Express 13.603 85
Miscellaneous 1,550 00
Expenses.— Maintenance of Way $120,317 04
Motive Power 65,64665,
Maintenance of Cars 22,519 76.
Transportation 83,243 71
.$291,727 la
$197,480;.
etc., $13,-
Total ($4,288.92 per mile) $425,718 02 Total ($2,939.02 per mile)
Net earnings (31.47 per cent), $133,990.86. Payments: Interest on bonds,
other interest, $1,619.99; taxes, $21,129.40; salaries, insurance, legal expenses,
884.72— total, $234,114.11. Deficit, $100,123.25.
General Balance Sheet, September 30, 1886.
Construction $2,858,985 17
Equipment 185,83284
Interest and Expenses 525,841 27
Sundry Assets 71,40064
Capital Stock
Funded Debt
Bills, Accounts and Coupons.
Gross Earnings
Profit and Loss
$825,455 00 •
1,981,641 07
166,471 49
425,71800-
242,77484
TotalAesets $3,642,05992 Total Liabilities ..$8,642,05992
Cost of road (99.26 miles) and equipment to September 30, 1886, $3,044,818.01. " Sundry
Assets:" bills receivable, $100; materials, $39,985.97; cash,. $13,518.35 ; real, estate, $15,-
266.32; Sardis Hotel, $2,500.
692
POORS MANUAL OF RAILEOADS.
Funded debt consisted, September 30, 1886, of :
Consol. mtge. 8 p. ct. 25-year bonds (A), due April 1, 1902, int. April and Oct $977,000 00
Consol. mt#e. 8 per cent. 25-year bonds (B), due July 1, 1902, int. Jan. and July. 1,100,000 00
Old 8 per cent, bonds and certificates 1,641 07
The series B bonds are secured by a second mortgage on the entire road and property.
Interest on both, classes of bonds is payable in New York at the Bank of New York.
Default was made on Series B bonds July 1, 1886, but coupons were purchased by Man-
hattan Bank of New York. To secure a portion of the floating debt, including the amount
borrowed to pay July interest, the company hypothecated $93,000 of the Series B bonds, and
$4,000 more were hypothecated as security for injunction bond. The security holders have
under consideration a plan for the reorganization of the company.
Board of Directors elected, November 25, 1886.
F . M. White Memphis, Tenn.
E. H. Harriman . . . New York, N. Y.
Alfred Decker . . . .New York, N. Y.
N. R. Sledge Como, Miss.
C. F. Vance Memphis, Tenn.
H. F. Webster. . . .New York, N. Y.
W. H. Harriman. . .New York, N. Y.
John Anthon New York, N. Y.
R. P. Lake Grenada, Miss.
E. H. HAURIMAN, President New York, N. Y.
F. M. White, Vice-President Memphis, Tenn.
Treasurer— S. H. Lamb Memphis, Tenn. | General Superintendent — M. Burke Memphis, Tenn.
PRINCIPAL OFFICE AND ADDBESS Memphis, Tenn.
New York Office E. H. Harriman & Co.. 120 Broadway.
MOBILE AND GIRARD RAILROAD COMPANY.
Main Line of Road. — Columbus, Qa., to Troy, Ala 85 miles.
Sidings, 3.25 miles. Gauge, 4 ft. 9 in. Rail— iron, 40 and 56 ; steel (65 miles), 56 Ibs.
History. — Chartered as the Girard RR. Co. in 1846 ; charter amended, and present name
adopted in ]854 ; road opened to Troy, June 15, 1870. Bridge over the Chattahoochee River
opened January 1, 18G9. Leased for 99 years from June 1, 1886, to the Central Railroad and
Banking Co. of Georgia, at a guarantee of l£ per cent, per annum on stock. The preferred
stock will be retired by exchange for new common stock at the rate of two shares of new for
every one of the old.
Boiling' Stock, May 31, 1886. — Locomotive engines, 7. Cars — passenger, 7 ; baggage,
mail and express, 5 ; freight (box, 36 ; coal, 20 ; platform, 45), 101 — total, 113. Also 3 con
ductors' cabs.
Operations for year ending May 31, 1886. — Train mileage (passenger and freight), 172,-
010 miles. Passengers carried, 46,794. Cotton hauled (to Columbus, 10,479, through, 66,-
868), 77,347 bales. Total freight moved, 126,609 tons.
Earnings —Passenger $45,360 46
Freight 167,355 36
Mail Service 5,041 21
Expenses.— Maintenance of Way $65,737 91
Rolling Stock 38,548 08
Transportation, etc 43,193 65
Total ($2,561. 85 per mile) $217,757 03 Total ($1,730.35 per mile) $147,479 64
Net earnings (32.27 per cent.), $70,277.39. Other receipts : Central RR. Bank, $4,301.48;
Columbus and Rome Ry., $3,542.40 ; capital stock, $100 ; cash on hand May 31, 1885, $923.-
77 — total, $79,145.04. Payments: Interest, $54,000 ; Merchants' and Mechanics' Bank, $6,-
297.30 ; agent's ledger, $7,032.63; public land sales, $175 ; Pike Co. stock, $100 ; change of
gauge, $11,091.44 ; cash on hand May 31, 1886, $448.67.
Statement of earnings and expenses for eight years ending May 31 :
1879
1880
1881
1882
1883
1884
1885
1886
Gross Earnings
$
195,997
$
221 708
$
275 846
$
269011
$
255 756
$
241 670
$
2'.J4.397
8
217,757
Gross Expenses
135,572
149,335
189 173
209 568
178 300
191,988
177.7*)
147,480
Net Earnings
60.335
78,704
86,673
55,443
49,682
46.561
7(1.277
Gross Earnings per Mile.. . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
2,332 24
1,613 96
71828
69. 26 p. c.
2,714 76
1,777 81
936 95
65. 49 p. c.
3,283 89
2,258 02
1,035 87
68.76 p. c.
3,164 84
2,465 51
699 33
77. 90 p. C.
3,008 89
2,097 65
911 24
69.71 p. C.
2,845 53
2,258 69
586 84
79.44 p. C.
2,638,78
2,091 01
547 77
79.33 p. C.
2,561 85
1.730 35
831 50
67. 73 p. C.
POOR'S MANUAL OF RAILROADS. 693
General Balance Sheet, May 31, 1886.
Construction, Equipment, etc $2,002,237 42
Bills Receivable 2,434 42
Current Accounts 36,2G4 89
Cash on Hand 448 67
Profit and Loss 806,977 34
Total Assets $2,348,362 74
Capital Stock— Common £085,415 35
Capital Stock— Preferred 278,967 39
Pike County Stock 3,98000
Funded Debt 1,080,000 00
Total Liabilities $2,348,362 74
Funded debt consists of :
2d mtg. 8 p. c. 20-yr. coupon ($1,000) bonds, due Jan. 1, 1889, interest Jan. and July. $261,000
8d mtg. 4 p. c. 20-yr. coupon ($1,000) bds., due June 1, 1897, interest June and Dec. 800,000
3d mtg. 6 p. c. 20-yr. coupon ($1,000) bds., due June 1, 1897, interest June and Dec. 19,000
The 2d mortgage bonds are indorsed by the Central RU. Co. of Ga., and are exihange-
able into 6 per cents, or payable in cash at maturity. The total, when refunding is com-
pleted, will be $1,000,000. The 4 per cents were issued to the Central RR. Co. of Ga. for
advances made to this company.
Annual meeting, first Wednesday in July.
Directors (elected July 7, 1886).— John Peabody, N. N. Curtis, N. P. Banks, Columbus,
Ga. ; J. D. Murphiee, C. S. Lee, Troy, Ala.; C. H. Franklin, Union Springs, Ala.
W. G. RAOTJL, President Savannah, Ga.
Sec. & Treas.—J. M. Frazer Columbus, Ga. | Supt. & Pur. Agent— W. L. Clark Columbus, Ga.
PRINCIPAL OFFICE AND ADDRESS Columbus, Ga.
MOBILE AND NORTHWESTERN RAILROAD COMPANY.
Line of Road. — Glendale, Miss., to Clarksville, Miss 31 miles.
Sidings, 1 mile. Gauge, 3 ft. Rail, 30 Ibs.
History. — Chartered July 20, 1870 ; road opened in 1879. Default having been made in
bond interest, foreclosure proceedings were begun and a receiver appointed in December,
1886. The receiver, under the direction of the court, began surveys early in 1887 for an
extension of the road to Yazoo City.
Rolling' Stock. — Locomotive engines, 2. Cars — platform, 10 ; service, 6.
Operations for year ending December 28, 1880. — Trains run, 18,720 miles. Passengers
carried, 14,000. Earnings— passenger, $3,600 ; freight, $34,000— total, $37,600.
Financial Statement, December 31, 1880. — No general account furnished ; 1st mortgage
7 per cent. 20-year bonds, March 7, 1877-97, $250,000 authorized. Estimated cost, $8,000
per mile.
All information refused by the officers of this company.
BEN. WILSON, Receiver Memphis, Tenn.
THOMAS T. A. LYON, President Glendale, Miss.
Treasurer— George Vidner Mobile, Ala. | Superintendent— John 8. McKay Glendale, Miss.
PRINCIPAL OFFICE AND ADDRESS Glendale, Miss.
MOBILE AND OHIO RAILROAD COMPANY.
. „ , ( Mobile, Ala., to Columbus, Ky .............. 472.0
Mam Lines ol Koad. ^^^ Columbus, Ky., to Cairo, 111 .......... 21.0—493.0 miles.
Columbus Branch : Artesia, Miss., to Columbus, Miss ................... 14.0
Starkville Branch : Artesia, Miss., to Starkville, Miss ................... 11.0
Aberdeen Branch : Muldou, Miss., to Aberdeen, Miss. ................. 9.0 — 34.0 miles.
Leased: St. Louis and Cairo RR.: Cairo, 111., to St. Louis, Mo., and branch ....... 160.6 miles.
Total length of lines owned and leased Jane 30, 1886 ...................... 687.6 miles.
Average length of lines operated during year ............................. 579.3 miles.
Sidings and other tracks, 56. 63 miles. Gauge, 4 ft. 8£ in. Rail (steel, 429.08 m.), 56 and 60 Ibs.
History. — Chartered in Alabama February 8, 1848, and subsequently in Mississippi, Ten-
POOR S MANUAL — MOBILE AND OHIO ER. CO.
nessee and Kentucky. Land grant acquired under Act of Congress, September 20, 1850
being the first grant for railroad purposes authorized by the national legislature. Main line
from Mobile to Columbus, Ky., opened on April 29, 1861 ; Cairo Extension (Columbus to East
Cairo, 21 miles), on December 1, 1881.
On May 1, 1875. company made default in payment of interest, and its road was placed
in the hands of a receiver. On January 24, 1883, the road and property were restored to the
company, without a sale, its various kinds of indebtedness having been funded into the fol-
lowing securities :
New 1st mtge. 6 per cent, bonds, issued in extension of a like amount of 1st
mtge. liens $7,000,000
1st preferred income and sinking fund debentures, in extension of balance of 1st
mortgage liens 5,300,000
2d preferred income and s. f. debentures, in extension of 2d mortgage liens 1,850,000
3d preferred income and s. f. debentures, in extension of 3d mortgage liens 600,000
4th pref. inc. arid s. f. debentures, in extension of unsecured indebtedness 900,000
The debentures are secured by a deed of trust to the Farmers' Loan and Trust Co. of
New York, which covered specifically 1,143,342 acres of land, and other property not neces-
sary for the operation of the road, and providing a sinking fund into which the proceeds from
the sales of lands and from other sources are to be paid and applied to the extinguishment
of the principal of the debentures in the order of their priority.
Interest at rate of not exceeding 7 per cent, per annum, or in multiples of 1 per cent., if
earned, but not cumulative, is pajable annually upon the debentures, in the order of their
priority, out of the net earnings of the preceding fiscal year, after providing for the fixed
charges. The sinking fund, as it accrues, is invested in income debentures, the same being
stamped " not negotiable," and deposited with the Farmers' Loan and Trust Co., trustee, and
the interest thereon as paid is collected for account of said fund, and reinvested in like
manner for account of the pinking fund.
On December 1, 1885, the Columbus and the Starkville Branches were transferred to the
Georgia Pacific Ry. Co., and will hereafter be operated by that company.
On the 1st of February, 1886, the company took a 45-years' lease of the St. Louis and
Cairo RR., agreeing to change the gauge to the standard width, and pay a yearly rental
amounting practically to $165,000. See statement for St. Louis and Cairo.
Rolling Stock, June 30, 1886.— Locomotive engines, 67. Cars — passenger, 36 ; special,
3 ; baggage, mail and express, 16 ; freight (box, 938 ; flat, 290 ; coal, 260 ; stock, 154), 1,642;
caboose, 27 ; other, 69 — total cars, 1,793.
Car Trust Bonds to the total amount of $409,000 have from time to time been issued,
secured upon the following equipment (included in the above) : 18 locomotives, 9 passenger,
and 664 freight cars. Of these bonds there were outstanding June 30, 1886, f 275,000 in six
series, as follows : Series A, $10,000 ; Series B, $24,000 ; Series C, $84,000 ; Series D, $17,-
000 ; Series E, $53,000 ; Series F, $87,000.
Operations for year ending June 30, 1886. — See tabulated statement below.
Earnings.— Passenger $338,772 08
Freight 1,471,09741
Mail and Express 78,77501
Miscellaneous 73,684 44
Total ($3,723.59 per mile) $1,962.328 94
Expenses.— Maintenance of Way §445.217 73
Rolling Stock 225,385 68
Transportation 545,083 73
Miscellaneous 239,896 82
Total ($2,762.02 per mile) $1.455.584 05
Net earnings (25.03 per cent.), $506,744.89; net earnings, St. L. & C. RR., $30,580.89—
available revenue, $537,325.78. Payments : Interest on bonds, $481,600 ; interest, commis-
sion and exchange, $10,402.55; rent accrued, St. L. & C. RR., $38,636.85— total, $530,639.40.
Balance, $6,686.38; balance from last year, $1,022.70 — total balance to credit of profit and
loss, $7,709.08.
Land Department. — Lands in Alabama, 470,375.08 ; in Mississippi, 554,903.38, and in
Kentucky, 2,258.50— total, 1,027,536.96 acres. Value of lands, $496,497.90. Town lots, etc.,
in Alabama, $19,661.90, and in Mississippi, $10,186.90— total, $29,848.80. Value of lands,
lots, etc., $526,346.70.
POOR S MANUAL — MOBILE AND OHIO RR. CO.
695
General Balance Sheet, June 80, 1886.
Fixed Investments— Cost of Property $20,908,037 14
Land Department— Lands,Cash,Notes,etc. 673,988 09
Sinking Fund— 1st Preferred Debentures. 482,000 00
Cash in Treasury 65,68427
Cash on Deposit to meet Matured Interest. 44,757 60
Current Accounts 194,601 84
Car Trusts, Series A, B, C, D 834,299 90
Materials on Hand 213,629 94
Rail Renewal Account 114,351 14
Renewal Fund 104,295 00
Capital Stock 85,320,000 00
Funded Debt 18,660,000 00
Car Trust Notes 834,299 90
Bills Payable 100,00000
Matured Bond Interest 44,757 50
First Mortgage Bond Interest Accrued 85,000 00
Bills, Pay Rolls, and Pay Roll Balances. . . 150,652 82
Other Railroad and Individual Balances. . 23,649 45
Rent Accrued, St. L. & C. RR 88,636 85
Profit and Loss— General $7,709 08
Renewal Fund. 310,239 22— 817,948 30
Total Assets $23,025,544 82 Total Liabilities $28,025,544 82
Cash balance June 30, 1885, $2,241.83 ; contracts on hand same date, $33,391. 2', ; sold
during 1885-86 lands, $49,918.61, and lots, $3,038.25 ; collections from laud rents, $8,660.20,
and from timber sales, etc., $25,183.38; interest, exchange, etc., $3,295.34 ; dividend on de-
bentures, $4,070— total cash debits, $129,798.88. Contra : Expenses of office, etc., $29,657.42 ;
land purchased, $1,500 ; land contracts cancelled, $3,261.02 ; 1st pref. debs, purchased for ac-
count of sinking fund, $48,180.50 ; balances, June 30, 1886 (laud contracts, $40,037.21 ; cash
on Land, $7,162.73), $47,199.94— total, $129,798.88.
Statement of operations, traffic, and revenue for eight years ending June 30 :
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles
360,681
617,540
188,089
6,968,900
246,808
58,339,703
$
290,314
1,444,737
95,569
404,743
752,756
238.960
10,468,635
333,553
80,406,765
398,216
1,772,984
113,415
382.154
809,987
259.680
11,312,665
364,431
86,956,914
$
416,127
1,791,503
170,187
418,704
737,015
303.952
12,409.125
345,755
75,184,535
$
401,702
1,617,932
144,640
419,673
774,825
300,725
13,335,825
857,493
75,330,860
$
427,999
1,716.339
126.720
493,458
819,185
404,570
15,2(i7,i20
408,889
87,024,793
8
413,094
1,712,923
152,900
750,767
759,437
409,391
20,197,865
429,141
89,732,465
$
433,895
1,526,494
140,638
630.898
700,112
338I871
12,961,735
484,549
97,734,678
$
338,772
1,471,097
152,460
Freight Train Miles
Passengers Carried
Passenger Miles
Freight 'tons) Moved
Freight (toni Miles
Passenger Earnings
Freight Earnings
Other Receipts
Gross Earnings
1,830,620
1,451,151
2,284,615
1,459,649
2,377,817
1,562,486
2,164,274
1,602,145
2,271,058
1,641,025
2,278.917
1,547,467
2,101,027
1,574,728
1,962,329
1,455,584
Operating Expenses
Net Earnings
379,469
3,605 86
2,86? 89
73797
69.31 p. c.
4.25 c.
2.48 c.
824,966
4,515 05
2,88468
1,63037
63.89 p. c.
3.80 C.
2.20 c.
815,331
4,699 24
3,087 91
1,61133
65.71 p. c.
3.68 c.
2.06 c.
562,129
4.106 78
3,040 12
1,06666
74. 03 p. C.
3.24 c.
2.15 c.
630,033
4,309 41
8,11390
1.19551
72. 26 p. c.
3.21 c.
2.28 c.
731,450
4,324 32
2.9.15 62
1,388 70
67.89 p. c.
2.71 C.
1.97 C.
526,299
3.986 77
2,988 10
99867
74.95 p. c.
2.15 c.
1.70c.
506,745
3,723 59
2,762 02
96157
74. 97 p. C.
2.61 c.
1.51 c.
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile..
The funded debt consisted, June 30, 1886, of the following issues :
1st mtge. 6 p. c. bonds, issued May 1, 1879, due in 1927, interest June and Dec $7,000,000
1st mortgage Extension 6 per cent, bonds, due July 1, 1927. interest quarterly. . . . 1,000,000
1st pref. income and sinking fund debentures, 7 per cent., February 1, if earned. . 5.300,000
2d pref. income and sinking fund debentures, 7 per cent., February 1, if earned.. . l,8oO.OOO
3d pref. income and sinking fund debentures, 7 per cent., February 1, if earned. . . 600,000
4th pref. income and sinking fund debentures, 7 per cent., February 1, if earned. . 900,000
M. & O. RR. 8 p. c. wharf bonds, payable $10,000 per annum, int. May and Nov. 10,000
The sinking fund, June 30, 1886, consisted of $482,000 of the 1st preferred income and
sinking fund debentures.
The 1st mortgage 6s of 1927 are secured by a first lien on the main line from Mobile,
Ala., to Columbus, Ky., 472 miles ; the preferred income and sinking fund debentures are
secured as shown at beginning of this statement, and the first mortgage Extension 6s of 1927
are secured by a first lien on the Kentucky and Tennessee RR. (Cairo Extension), also a first
lien on the several branches of the M. & O. RR., 32 miles, upon the transfer and terminal
properties in Cairo, 111., and upon the net income of the road after payment of the expeus-es
of its maintenance and operation and of the interest on the first mortgage bonds.
Of the $1,000,000 Extension bonds, $600,000 were issued for a like amount of Cairo Ex-
696 POOR'S MANUAL OP RAILROADS.)
tension bonds, issued in 1880 and due in 1892. There have been exchanged to date $336,000,
leaving $264,000 still in hands of the Farmers' Loan and Trust Company for exchange for
remainder of the Cairo Extension bonds outstanding.
Interest on first mortgage bonds payable in New York and Mobile ; on other issues in
New York.
ST. LiOTJIS AND CAIRO RAILROAD.— Cairo to Eanc St. Louis, HI., 151.6 miles ; branch. Mill-
etadt Junction to High Prarie, 111., 9 miles. Sidings, etc., 22.7 miles. Gau^e, 3 ft. Rail (steel, 00.6 miles), 36 and
40 IDS.
History.— Organized June 14, 1881, as successor to the Cairo and St. Louis RR. Co. (chartered February 16,
1865, and road opened March 1, 1875), the road and other property of which were sold under foreclosure of its 1st
mortgage bonds July 14, 1881. The new company assumed possession February 1,1882. For plan of reorgan-
ization see MANUAL for 1888, page 740.
On the 1st of February, 1886, the rond was leased to the Mobile and Ohio RR. Co. for 45 years, the rental
being 25 percent, of 15-64ths of gross receipts of entire system, with a minimum of $165,000 per annum. The
company issues $4,000,000 new 4 per cent, bonds at the rate of $1,500 for $1,000 in exchange for incomes, the lat-
ter being assessed 40 per cent, cash, which, together with the unissued balance of the bond*, is applied to chang-
ing the gauge to the standard width and to improving the road. Interest on the bonds is guaranteed by the lessee.
Since the close of the fiscal year the road has been relaid with 60 Ib. steel rail and the gauge changed to 4 ft.
8J in., the first through train running over it November 15, 1886. The new bonds are first mortgage 4 per cent.
45-year $500 and $1,000 gold bonds, due January 1, 1931 ; interest payable January and July at New York ; guar-
anteed by lessee ; outstanding, $1,400,000 ; reserved for retirement of incomes, $2,600,000.
General Balance Sheet, June 30, 1886.
Cost of Road and Property f !),096,082 01
Materials and Fuel 4,50740
Current Accounts 91,26044
Cash on Hand 29,45431
Total Assets $9,221,304 16
Capital Stock $6,500,000 00
First Mortgage Income Bonds 2,600,000 00
Current Accounts 64,814 96
ProfitandLoss 56,45320
Total Liabilities $9,221,304 16
The mortgage debt is represented by 5 per cent, non-cumulative income bonds ; interest payable in New
York and Amsterdam, Holland. H. W.S mithers, trustee of bonds. J. A. HORSEY, President, New York, N. Y.
CORPORA TB OFFICE, 41 Olive Street, St. Louis, Mo. ; Transfer Office, 39 Ashland Block, Chicago, HI.
Board of Directors Mobile and Ohio RR. Co., elected December 1, 1886.
A. H. Stevens Lawrence, N. Y.
Sidney Shepard. . .New York, N. Y.
Adrian I*ehn, Jr.. New York, N. Y.
W. H. Hays New York, N. Y.
August Belmont, Jr.New York, N. Y.
James H. Fay New York, N. Y.
T. M. R. Talcott.... Richmond, Va.
Henry Hall New York, N. Y.
Peter Hamilton Mobile, Ala.
E. L. Russell Mobile, Ala.
D. P. Bestor Mobile, Ala.
J. P. McMahon .... New York, N. Y.
W. Butler Duncan New York, N. Y.
W. BUTLER DUNCAN, President New York City, N. Y.
T. M. R. Talcott, Vice-President and General Manager Mobile, Ala.
Treasurer and Secretary — Henry Tacon... Mobile, Ala. | Assistant Secretary— Charles Walsh.. New York, N. Y.
Comptroller — George Layet Mobile, Ala.
PRINCIPAL OFFICE AND ADDRESS Mobile, Ala.
New York Office No. 11 Pine Street.
Registrar of Stock and Debentures Farmers' Loan and Trust Co., N. Y. City.
MOBILE AND SPRING HILL RAILROAD COMPANY.
Line of Road.— Mobile, Ala., to Spring Hill, Ala , 8 miles.
Sidings, etc., 1 mile. Gauge, 5 feet 2A inches. Rail, 35 Ibs.
History. — Chartered February 23, 1860. Road opened in February, 1862.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 12 ; freight (platform), 7.
Operations for year ending January 31, 1886.— Earnings— passenger, $13,768.55 ;
freight, $2,496.61 ; mail, express, etc., $1,509.53— total, $17,774.69. Operating expenses,
$17,753.98. Net earnings, $20.71.
Financial Statement. — Capital stock, $100,000 ; funded debt, 6 per cent. 10-year coupon
$500 bonds, dated June 1, 1887, $8,000, interest June and December— total, $108,000. Cost
of road, $100,000.
Annual meeting, second Tuesday in February.
Directors.— R. K. Warren, F. Ingate, L. M. Wilson, F. G. Outlam, G. B. Clarke, F. A.
Luling, Mobile, Ala.
R. K. WARREN, President Mobile, Ala.
Secretary and Treasurer— C. F. Sheldon. . .Mobile, Ala. | General Manager— F. Ingate Mobile, Ala.
PRINCIPAL OFFICE AND ADDRESS 68 St. Francis Street, Mobile, Ala.
POOR'S MANUAL OP RAILROADS. 697
MONTGOMERY AND FLORIDA RAILWAY COMPANY.
Main Line of Road as projected. — Montgomery, Ala., to Chattahooche, Fla. .160 miles.
Completed : Montgomery, Ala., to point south 50 miles.
Sidings, 2 miles. Gauge, 3 ft. Rail, 50 Ibs.
History. — Organized May, 1886, as successor to the Montgomery Southern RR. (char-
tered July 2, 1880 : road opened to Ada, September 18, 1882), which was sold under foreclos-
ure and purchased for account of bondholders by Josiah Morris, trustee of mortgage. The
present company will change the gauge to 4 ft. 8£ in., and is extending the road to Chatta-
hoochee, Fla., of which 30 miles have recently been completed.
Financial Statement.— Capital stock, $4,500,000 ; funded debt mortgage 6 per cent. 40-
year gold bonds, interest payable May and November (authorized, $15,000 per mile of com-
pleted road), $750,000.
Trustee of bonds, American Loan and Trust Co., New York, N. Y.
Directors. — J. A. Farley, M. P. Le Grand, John D. Roquemore, Henry Moses, M. P.
Le Grand, Jr., Montgomery, Ala.; C. W. Scofield, New York, N. Y.
CHARLES W. SCOFIELD, President New York, N. Y.
Vice-President— M. P. Le Grand Montgomery, Ala. | Sec and Treas—8. D. Hubbard Montgomery, Ala.
PRINCIPAL OFFICE AND ADDRESS Montgomery, Ala.
NASHVILLE AND FLORENCE RAILROAD COMPANY.
Line of Road. — Columbia, Tenn., to State Line, Ala 51 miles.
Gauge, 5 ft. Rail, 63 Ibs.
History. — Chartered in February, 1879 ; road opened November 26, 1880. Projected
from Columbia, Tenn., to Florence, Ala., 70 miles.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2 ; baggage, etc., 1 ; box, 4.
Operations for year 1883. — Passenger and freight traffic not reported. Earnings, $40,000.
Expenses, $12,000. Net earnings, $28,000.
Financial Statement.— Capital stock, $205,000.
All information refused.
Directors (elected February 26, 1884). — G. H. Nixon, William Parks, Thomas Dunn,
Lawrenceburg, Tenn ; J. E. R. Carpenter, J. T. Craik, J. E. Embry, Columbia, Tenn.; Ed.
Baxter, Nashville, Tenn.
G. H. NIXON, President Lawrenceburg, Tenn.
J. E. R. Carpenter, Vice-President Columbia, Tenn.
Secretary and Treas.—S. 8. Eastman Louisville, Ky. | Gen. Supt. <& Chief Eng.—f. J. Craik. Columbia, Tenn.
PRINCIPAL OFFICE AND ADDRESS Columbia, Tenn.
NASHVILLE, CHATTANOOGA AND ST. LOUIS RAILWAY COMPANY.
Main Line of Road. — Chattanooga, Tenn., to Hickham, Ky 321.0 miles.
Shelbyville Branch : Wartrace, Tenn., to Shelbyville, Tenn 8.0
Jasper Branch : Bridgeport, Ala., to Inman, Tenn 25.0
Fayetteville Branch : Decherd, Tenn., to Fayetteville, Tenn 40.0
McMinville Branch : Tullahoma, Tenn., to Sparta. Tenn 61.0
Lebanon Branch : Nashville, Tenn., to Lebanon, Tenn 30.0
Centrevitte Branch : Dickson, Tenn., to Lewis County Line, Tenn 47.0 — 211.00 miles.
Leased : Duck River Valley RR.: Columbia, Tenn., to Fayetteville, Tenn 48.00 miles.
Total length of road completed June 30, 1886 580.00 miles.
Sidings, etc., 64.50 miles. Gauge, 4 ft. 9 in. Rail (steel, 301.34 miles), 52, 56, 58 and 60 Ibs.
History. — The Nashville and Chattanooga RR. Co. was chartered December 11, 1845,
and the company organized January 24, 1848. Road completed and op'ened from Nashville
to Chattanooga, 151 miles, in February, 1854. In its incipiency it was aided by the State of
Tennessee, which also aided the Nashville and Northwestern RR. Co., a corporation char-
tered January 22, 1852, and which constructed and opened in 1869 a line from Nashville to
Hickman, 170 miles. The latter company becoming unable to pay the interest on its State
loan, a State receiver was appointed, and under his direction the road was operated until
698 POOR'S MANUAL — NASHYILLE, CHATTANOOGA AND ST. LOUIS RY. co.
1869, when it was leased by the Nashville and Chattanooga RR. Co. In November, 1871,
the Nashville and Northwestern line was sold under foreclosure by the State and purchased
by the Nashville and Chattanooga RR. Co., which in 1873, on the formal consolidation of the
N. & N. W. RR., adopted the name Nashville, Chattanooga and St. Louis Railway Co.
The Fayetteville branch was opened in 1859, the Shelby ville branch -in 1853, and the
Lebanon branch in 1870. The Jasper branch was opened 12 miles in 1867, 7.5 miles in 1877,
and 5.5 miles in 1883 ; the McMinnville branch 34.2 miles in 1856, 12.2 miles in 1881, and 14
miles in 1884 ; the Centreville branch 21 miles in 1879, 3.5 miles in 1881, 5.5 miles in 1882,
4 miles in 1883, and 13 miles in 1884.
On October 12, 1886, the company bought the Tennessee Coal and Iron RR., extending
from Tracy City to Cowan, Tenn., and branch from Tracy City to Rattlesnake, together 23
miles, issuing $500,000 6 per cent. 30-year bonds in payment for the road.
The Memphis and Charleston RR. Co. uses this company's tracks from Stevenson to
Chattanooga, 38 miles, under an 8-year contract, dated October 1, 1880 ; rental, $60,000 per
annum. Under a 33-years' agreement, dated January 18, 1881, the Alabama Great South-
ern RR. Co. uses the tracks from Wauhachie to Chattanooga, 5 miles, at an annual rental
of $14,000.
Rolling Stock. — Locomotive engines, 79. Cars — passenger, 40 ; baggage and mail, 19;
freight (box, 1,292 ; stock 58 ; platform, 560), 1,910— total, 1,969. Also, 1 pay car, 2
wrecking cars, 1 pile driver and 10 service cars.
Operations for year ending June 30, 1886 (580 miles). — Train mileage — passenger, 547,-
806 ; freight, 866,206— total, 1,414,012 miles. Total engine service, 1,843,430 miles. Pas-
sengers carried (west, 194,669 ; east, 183,256), 377,925. Tons of freight moved (north, 392,-
382 ; south, 612,553), 1,004,935. Earnings— passenger, $604,820.44 ; freight, $1,429,468.03 ;
mails, $56,971.50 ; rents, etc,, $96,849.77— total ($3,772.59 per mile), $2,188,109.74. Operat-
ing expenses ($2,280.76 per mile), $1,322,857.79. Net traffic earnings ($39.60 per cent.),
$865,251.95. Payments : Interest and taxes, $675,096.21 ; improvements, $45,221.11—
total, $720,317.32. Surplus, $144,934.63. (See statement on page 699.)
Statement of operations, capital account, etc., for eight fiscal years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles Operated
453.50
498.50
86
28
16
1,025
1,361,291
179,080
782,825
$
1,736,723
1,021,588
453.50
498.50
87
30
16
1.184
1,488,454
212,277
"jT"
2,099,155
1,184,748
521.00
570.10
84
36
16
1,465
1,642,519
279,152
1,229,599
s
2,356,186
1,378,175
539.00
597.03
87
40
18
1,862
1,431,579
341,323
1,145,130
$
2,074,583
1,240,991
554.00
614.43
83
40
19
1,862
1,385,948
415,283
1,208,534
$
2,283,523
1,274,855
554.00
635.93
79
42
18
1,884
1,476.932
442.309
" $'"
2.372,086
1,303,446
580.00
640.62
80
40
19
1.899
1,509,412
449,783
.......
2,240.719
1,304,002
580.00
644.50
79
40
19
1.924
1,414,012
377,923
1,004,935
2,188,11"
1,322,858
Milee or Track
Locomotive Engines
Passenger Cars.
Baggage, Mail and Express.
Freight and other Care
Train Mileage
Passengers Carried
Freight' (tons) Moved
Gross Earnings
Working Expenses, etc. . . .
Net Revenue
715,135
3,82960
2,252 67
1,576' 93
58.82 p. c.
$
6,575.296
7,512,000
148,220
324,423
268,337
212,315
23,302
914,407
4,628 79
2,612 45
2,016 34
56.44 p. c.
$
6,848,900
7,512,000
153,600
404,422
178,258
212,315
206,178
878,011
4,441 31
2,712 94
1,72837
61. 06 p. c.
$
6,670,331
8,147,000
153,600
247,081
178,219
271,305
542,675
833,592
3,95158
2,363 79
1,587 79
59.blp. c.
8
6,670,331
8,649,000
153.00(1
659,687
241,173
279,610
513,395
1,008,668
4,121 88
2,301 18
1.820 70
55. 83 p. c.
$
6.670,331
8,757.000
153,600
597.132
225.564
283.740
948,168
1,068,640
4,281 74
2,352 79
1,92895
54. 90 p. C.
6,670.331
8,903.000
153,600
591,499
198,466
287,970
1,115,078
936,717
3.863 30
2,24827
1.61503
58.10 p. C.
6.668,363
8.998,000
153, 600
467,268
149.111
200,905
1,381,068
865,252
3,77259
2,28079
1,491 80
60. 40 p. C.
$
6.668,363
9,200,000
153,600
288,046
146,006
296,905
1.571.014
Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Revenue per Mile
Expenses to Earnings
Capital Slock
Funded Debt
Int. fundable in Tenn. bds.
Bills Payable and Loans. . . .
Accounts, Pay-Rolls, etc...
Coupons, due July 1
Profit and Lo^s
Total Liabilities
15,063,953
14,097,696
125,035
219,787
139.1.16
219.917
261,902
15,515,673
14,360,90Ci
93,870
432,656
23,378
301,701
303,162
16,210,211
14,932,355
93,876
300,450
12.016
287,380
518,596
17,166,796
15,711,489
84,246
386,040
68,179
500.306
416,536
17,635.835
16,194,823
84,864
472,590
35,787
522,465
325,006
17.920.544
16,316.655
80,364
462,940
•44.722
715,646
300,217
18,108.315
16,950.242
62,461
481,814
69,880
280,011
264.407
18.324,838
ir.tKji.sre
67,981
478.714
75,788
296.439
311,088
Railroads and Outfit
Real Estate .
Stocks. Bonds, etc
Supplies and Material
Assets and Accounts ....
Cash
Total Property & Assets
15,063,953
15,515,673
16,210,673
17,166,796
17,635,535
17,!»20.M4
18,108,315
18,324,886
POOR'S MANUAL— NASHVILLE, CHATTANOOGA AND ST. LOUIS BY. CO. C99
Statement of dividends paid by Nashville, Chattanooga and St. Louis Ry. Co.:
July 1850, 3 per cent.
Jan. 1851, 3 per cent.
July 1851, 3 per cent.
Dec. m56, 3 per cent.
Oct. 1859, 3 per cent.
Apr. 1860, 3 per cent.
Oct. 1800, 3 per cent.
Oct. 1861,6 percent.
Aug.1867, 5 per cent.
July 1872, 6 per cent.
'Apr. 1874,2 percent.
Oct. 1874, H per cent.
Apr. 1875, 1|. per cent.
Oct. is;r,. u per cent.
Apr. 1876, fi per cent.
Oct. 1876, 1J per cent.
Apr. 1877, lj per cent.
Oct. 1887, 1 per cent.
Apr. 1878, 1 p«-r eeot
Oct.. 187K, 1 PIT cent
Apr. 1879, 1 p<T cent.
Oct. 1879, H P«'r ''""I-
Apr. 1880, 2 per cent.
Oct. 1881, 3 per cent.
Apr. 1882, 1} per cent.
Oct. 1NS3, 2 percent.
Apr. 1884, 2 per cent.
1886
On October 10, 1886, dividend payments were resumed, the company paying 1 per cent.
Statement showing the earnings, expenfes, etc., of all lines during the fiscal year, 1885-
Gross Earn-
ings.
Operating
Expenses.
Net Earn-
ings.
Other
Receipts.
Total
Available
Revenue.
Interest &
Taxes Pd.
Balance
Profit or
Loss.
Main Stem
$
1,941,230 50
55,15-2 07
61,135 22
47,051 74
50,851 45
32,688 76
$
1.170,997 13
27,491 33
35.941 86
34,644 03
H0,205 19
23,578 25
8
770.233 37
27,660 74
25,193 36
12,407 71
20,646 26
9,110 51
S
4.904 25
$
775,137 62
27,660 74
25,193 36
12,407 71
20.646 26
9,110 51
8
570.274 61
20,757 58
21,015 80
12,112 12
24,075 49
26,86061
S
p. 204,863 01
p. 6,903 16
p. 4,177 56
p. 295 50
I 3,429 23
/. 17,750 10
Lebanon Branch
McMinnville Branch
Fayetteville Branch
Centreville Branch
Duck River Valley RR. .
Totals
2,188,109 74
1,322,857 79
865,251 95
4,904 25
870,156 20
675,096 21
p. 195,059 99
Net profit on operations of all lines as above. $195,059.99. Add proceeds of 200 Cen-
treville Branch and 2 Duck 'River bonds, $204,022.21 — total to credit of income account,
$399,082.20. Expenditure during year : For improvements, $45,221.11 ; change of gauge,
$51,290.58; damages to N. M. and S. Turnpike, $40,858.74 ; Centreville Branch, $4,511.53 ;
Sparta Extension, $1,746.90; Jasper Extension, $1,327-20; Huntsville, $814.99— total, $145,-
771.05. Balance, surplus of income, $253,311.15, which is represented by — decrease in
floating debt, $181,423.51, and increase in current assets, $71,887.64.
General Balance Sheet, June 30, 1886.
Cost of Road, etc $17,094,876 43
Materials and Supplies 75,757 52
Sundry Stocks and Bonds 478,713 90
Bills Receivable
Real Estate (not used for RR. purposes) . .
Due from Railroads and Persons
Due from Trans. Department. . .t
Cash Balances. . .
19,067 37
67,960 94
242,616 03
34.755 83
311,088 43
Capital Stock $6,668,362 50
FundedDebt 9,200,00000
Profit and Loss 1,571,01376
Bills Payable
Interest due July 1, 1885.
Dividend Uncalled...
288,046 87
296,905 00
. . 17,048 25
153,60000
98,767 59
31,09248
Total Assets $18,324,836 45 Total Liabilities $18,324,836 45
Statement of funded debt outstanding June 30, 1886 :
Interest on Bonds held by U. S .
Unpaid Bills, Pay-Rolls, etc. . . .
Current Accounts...
Character of Bonds.
Date of
Issue.
Rate.
Interest
Payable.
Principal
Payable.
Amount
of Bonds.
Annual
Charge.
1st mtge. (N. & C. RR.), indorsed by Tennessee.
1st mtge. (N., C. & St. Louis Ry.), for $6,800,000.
2d mortgage (N C & St Louis Ry.)
Various.
July 1, 1873
July 1, 1881
July 1, 1881
July 1, 1876
Jan. 1, 1883
July 1, 1881
Jan. 1, 1878
Jnly 1, 1881
Jan. 1,1882
6
7
4
6
8
6
6
6
6
6
Jan. & July
Jan, & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. & July
Jan. &"Jnly
Jan. & July
20 & 30 y'rs.
July 1, 1913
Jnne 1, 1891
Jan. 1, 1901
July 1, 1907
Jan. 1, 1923
July 1, 1917
Jnly 1,1'.H7
Nov. 1, 1909
Jan. 1, 1923
$125.000
6,175,000
500,000
1,000,000
90,000
83.000
300,000
480,000
71,000
376,000
$7,560
432,250
20,000
60,000
7,200
4.1WO
18.000
28,8(10
4,260
22,560
2d mortgage (N C & St Louis Ry.)
1st mortgage (Favetteville & McMinnv. Branch).
2d mortgage (D. R. V. RR.), indorsed by Co.. . .
Of the consolidated bonds, $500,000 are reserved to redeem at maturity tlie bonds held
by United States, and $125,000 are deposited with the Tennessee State Comptroller to redeem
the State-indorsed bonds as they become due.
The $83,000 1st mortgage 6 per cent. Jasper Branch bonds were issued to the Tennessee
Coal, Iron and Railroad Company at par in payment for the construction by that company of
the extension from Victoria to Inman (see MANUAL of 1883).
Since the close of the fiscal year 1866, the company has made a new issue of $500,000 6
700 POOR'S MANUAL or BAILROADS.
per cent. 30-year bonds in payment for the Tennessee Coal, and Iron RR., bought October 12,
1886.
Annual meeting, first Wednesday after second Tuesday in September ; books close 90
days prior to, and are reopened day after annual meeting. Interest and dividends payable
in New York and Nashville. Books close for dividends 15 days prior to, and reopen immedi-
ately after, payment of same. Voting power attaches to stock after 90 days' ownership.
Stock and bonds (except $160,GOO McMinnville and • Manchester bonds) listed on New York
Stock Exchange. Trustees of bonds : first mortgage 7s, V. K. Stevenson, R. T. Wilson and
Adrian Iselin ; second mortgage 6s, Central Trust Co., New York. Registrar of stock, Con-
tinental National Bank, New York.
RAILEOADS LEASED OR OWNED BY THE N., C. & ST. L. RY. Co.
DUCK RIVER VALLEY (N. G.) RAILROAD.— Columbia to Fayetteville. 48 miles. Total track,
49.50 miles. Gauge, 3 feet. Rail, 31 Ibs. Chartered in September, 1872. Opened 20 miles in 1877 ; to Petersburg,
35 miles, in 1879 ; to Fayetteville in 1882. The company own 2 locomotive engines. 2 passenger, 1 baggage, and 28
freight cars. Leased for forty years, October 9. 1879, to N., C. & St. L. Ry. Co., and extended by that company to
Fayetteville, at a cost of $123.920.18. By the terms of the lease the D. R. y. RR. Co. issued its bonds to the N..
C. & St. L, Ry. to the amount of $190,000, with which the lessee was to provide for the completion of the road and
the liquidation of the D. R. V. Co.'s floating debt, which has been done. The rental paid is interest on $250,000
1st mortgage 20-year bonds ($124,000 8 per cent, and $126,000 6 percent.), due January 1, 1896, and $140.000 2d
mortgage 6 per cent. 30-year bonds, due November 1, 1909. Capital stock, $189,700 ; bonds, $300,000 ; unfunded
debt, $26.000 ; income balance, $13,104.20— total, $618,804.20. Cost of road, etc., $616,239.08 ; other assets, $2,-
565.12. HENRY B. TALLEY, President ; Jo. J. S. Gill, Secretary and Treasurer, Petersburg, Tenn.
MCMINNVILLE AND MANCHESTER RAILROAD (McMinnville Branch).— Tuiiahoma, Tenn..
to Sparta, Tenn., 61 miles. Chartered February 4, 1850. Koad opened 34.2 miles, in November, 1856. Purchased
after foreclosure, in 1871, by the Memphis and Charleston RR. Co.; road and equipment sold to N., C. & St. L.
Ry., March 26, 1877, which paid therefor $160,000 6 per cent. 40-year bonds, dated January 1, 1878, interest Janu-
ary and July, secured by a mortgage on the road. Since that time the company has extended the road to Sparta,
16.8 miles, at a total cost for extension and improvement to June 30, 1885, of $366,732.01. This amount, however,
includes $160,000 Fayetteville and McMinuville Branch 6 per cent, bonds, being an i^sue of $6,000 per mile on the
extension of 26.8 miles beyond McMinnville, as authorized by the original mortgage, leaving the amount expended
by this company out of its earnings, in addition to the proceeds of the bonds, in extending and improving the
McMinnville Branch to July 1, 1886, $206,732.01.
NASHVILLE AND TTTSCALOOSA RAILROAD (CeTitreville Branch).— Dickson to Lewis County
Line, Tenn., 47 miles. Chartered June 6, 1877. Road opened to Graham, 21 miles, in 1879. Operated since Jan-
nary 1, 1880, by N., C. & St. L. Rj. which extended it to Centreville, 84 miles, in 1882, and to the Lewis County-
Line. 47 miles, during the fiscal year 1884. The latter extension was made in accordance with contracts entered
into December 16, 1882 (see MANUAL for 1884, page 496). The cost of this extension was $148,096.87. This whole
line is now owned in fee simple by N., C. & St. L. Ry. Locomotive engines, 4. Cars— passenger, 2 ; baggage, 1 ;
freight, 74.
TENNESSEE AND PACIFIC RAILROAD (Lebanon Branch).— Nashville, Tenn., to Lebanon,
Tenn., 30 miles. Chartered May, 1866 ; road opened in 1870. Failing to pay interest on State bonds issued in aid
of its construction, the road was taken possession of by the State of Tennessee, and sold January 16, 1877, to the
N., C. & St. L. Ry. for $140,000 cash, and in addition the N.. C. & St. L. Ry. issued $300,000 6 per cent. 40-year
bonds, secured by a first mortgage on the Tennessee and Pacific RR.. dated Jan. 1, 1878, interest Jan. and July.
WINCHESTER AND ALABAMA RAILROAD (Fayetteville Branch).— Decherd, Tenn., to Fay-
ettville, Tenn., 40 miles. Built on State loans. Foreclosed in 1871 ; purchased by Memphis and Charleston RR.
Co., which resold it to the N., C. & St. L. Ry. for $160,000 6 per cent. 40-year bonds.
Board of Directors N., C. & St. L. By. Co., elected September 15, 1886.
J. W. Thomas Nashville. Tenn.
M. H. Smith Louisville, Ky .
G. M. Fogg Nashville, Tenn.
A. H. Robinson Nashville, Tenn
E. L. Jordan. Murphreesboro, Tenn.
T. W. Evans New York, N. Y.
G. A.Washington. .Cedar Hill, Tenn.
Ex. Norton New York, N. Y.
A. S. Colyar Nashville, Tenn.
J. H. Inman New York, N. Y.
I. T. Rhea Nashville, Ter.n.
J. G. Aydelott Tnllahomn, Tenn.
J. W. Sparks. .Murfreesboro1, Tenn.
E. B. Stahlman Nashville, Tenn.
Thos. Lipscomb. .Shelby ville, Tenn.
J. W. THOMAS, President and General Manager Nashville, Tenn.
Secretary and Treas. — J. H. Ambrose.. Nashville, Tenn. 1 Comptroller — J. D. Maney Nashville, Tenn.
PKIKCIPAL OFFICE AND ADDRESS Nashville, Tenn.
NATCHEZ, JACKSON AND COLUMBUS KAILROAD COMPANY.
Line of Road.— Natchez, Miss., to Jackson, Miss 100 miles
Sidings and other tracks, 2.03 miles. Gauge, 3 ft. 6 in. Rail, 35 Ibs.
History. — Chartered July 21, 1870; road opened to Martin, 43 miles, in January, 1879 ;
to Myles, in September, 1881 ; and to Jackson, October 6, 1872.
Contracts have been let for changing the gauge to the standard width and extending the
road from Jackson through Macon and Columbus, Miss., to Decatur, Ala., a distance of about
300 miles.
Rolling Stock. — Locomotive engines, 7. Cars — passenger, 4 ; combination, 2 ; freight
(box, 44 ; stock, 4 ; flat, 35), 83 — total, 89. Also, 1 boarding car and 1 steam pile-driver.
POOR'S MANUAL OF RAILROADS. 701
Operations for year ending December 81, 1886. — Train mileage not reported. Passengers
carried and tons of freight moved, not reported. Earnings — passenger, $51,578.04; freight,
$120,521.85 ; other, $12,225.38— total, $184,825.27. Operating expenses, $140,047.17. Net
earnings, $44,278.10. Add sale of old stock, $1,856.28— total available revenue, $45,634.88.
Payments : Interest on funded debt, $35,115; on New York loan, $24,320 ; other interest,
$223.42 ; legal expenses and taxes, $3,218.82— total, $62.877.24. Deficit, $17,242.80.
Financial Statement, December 81, 1886.— Capital stock (par, $50), $2,260,809.50; funded
debt (1st mortgage 10 per cent, bonds, payable 1885, $174,400 ; 1st mortgage 7 per cent,
bonds [$600,000 authorized], $27,500), $201*900 ; bills payable, $304,000 ; accrued interest,
$65,578.76 ; pay rolls and balances, $17,339.98 ; earnings, $184,825.27— total, $3,033,953.51.
Contra: Construction, $1,174, 576.63; equipment, $112,263.02; operating expenses, $138,690.89;
interest, taxes, etc., $62,877.24; bills receivable, $1,950.16; current accounts, $5,536.99; cash
on hand, $10,248.46; profit and loss, $27,810.12; stock not issued, pledged as collateral, $1,-
500,000— total, $3,033,953.51.
Toward the close of 1880, the City of Natchez subscribed $225,000 in its 7 per cent, bonds
to the stock of the company. The $600,000 7 per cent, bonds were issued in 1880, and are a
1st mortgage on the line from Martin to Jackson, and a 3d mortgage on the rest of the line.
Of the authorized issue, $572,500 are in the hands of trustees, to be applied to the extinction
of the 10 per cent, bonds and the bonds of the City of Natchez. The 10 per cent, bonds of 1885
were purchased on their maturity by John Paton and Co., of New York, and are held by them
for account of this company. The company has experienced difficulty in floating the bonds
of its 7 per cent, loan, and was in consequence unable to meet the prior lien bonds. A new
mortgage for $1,250,000 has been executed at the rate of $12,500 per mile on the road built
and to be built to Columbus, payable in 80 years and bearing interest at the rate of 6 per
cent, gold per annum, with which it is intended to retire all outstanding bonds. The County
of Nuxober, Miss., has subscribed $200,000 to the stock of the company in aid of the exten-
sion to Decatur.
Directors (elected January 18, 1887).— W. T. Martin, J. C. Schwartz, R. F. Learned, T.
Otis Baker, James Surget, J. N. Carpenter, George M. Brown, George W. Koontz, Louis
Botto, R. L. Bogle, Raymond, Miss.; S. E. Rumble, J. W. Lambert, T. T. Hart, Utica, Miss.
W. T. MARTIN, President Natchez, Miss.
J. C. Schwartz, Vice- President Natchez, Miss.
Secretary— Joseph M. Kern Natchez, Miss. Treasurer— George W. Koontz Natchez, Miss.
General Manager— T. J. Nicoll Natchez, Miss. Auditor— W. H. Lingard Natchez, Miss.
PRINCIPAL OFFICE AND ADDRESS Natchez, Miss.
NATCHEZ, RED RIVER AND TEXAS RAILROAD COMPANY.
Line of Road.— Vidalia to Black River, La 25 miles.
Sidings, 2 miles. Gauge, 3 ft. Rail (steel), 35 Ibs.
History. — Chartered January 20, 1881, to build a railroad from Vidalia, La., to the Sabine
River, 160 miles. The company purchased (for $60,000) the old Vidaiia and Western RR.,
extending from Vidalia to Concordia, and rebuilt the entire line with new material during
the year 1883. In April, 1886, the line was completed and opened, as above.
Rolling Stock.— Locomotive engines, 2. Cars— passenger, 3 ; baggage, mail, etc., 1 ;
box, 25 ; platform, 15 ; caboose, 1 — total, 45.
Operations, etc.— Not reported.
Financial Statement, December 81, 1881 (latest furnished).— Capital stock, $230,000;
funded debt, 1st mortgage 6 per cent. 30-year gold bond*, due January 1, 1912, interest Janu-
ary and July (authorized, $2,000,000, or $12,000 per mile of completed road), none outstand-
ing ; bills payable, $150,000 — total, $380,000. Cantra : Construction, "$55,000 ; equipment,
$5,000 ; real estate and buildings, $230,000 ; cash, $90,000— total, $380,000. On December
31, 1882, there were outstanding $120,000 1st mortgiige bonds on 10 miles of road. Contract-
ors for extensions had not been settled with at time this statement was prepared.
POOE'S MANUAL OF RAILROADS.
Annual meeting, first Monday of December. Trustees of bonds : Farmers' Loan and
Trust Co.
Directors (elected May 13, 1886). — Hiram R. Sleele, Rufus F. Learned, Isaac Lovven-
berg, Louis Botts, Natchez, Miss.; Hugh Porter, George W. Debevoise, Charles H. Stone,
New York, N. T.
HIKAM R. STEELE, President & Gen. Manager Natchez, Miss.
Vice- President— Rufus F. Learned Natchez, Miss. | Secretary & Trcas. — Louis Botts Natchez, Mies.
PRINCIPAL OFFICE AND ADDRESS Vidalia, La.
Transfer Agency Farmers' Loan and Trust Co., New York, N. Y.
NEW ORLEANS AND CARROLLTON RAILROAD COMPANY.
Line of Road. — New Orleans, La., to Carrollton, La., and branches 17 miles.
Second track, 17 miles. Gauge, 4 ft. 8i in. Rail (steel, 10 miles), 35 and 45 Ibs.
History. — Chartered February 9, 1833, and road opened September 9, 1835. Charter re-
newed February, 1883, for 99 years, and new right granted by the city for 25 years. One
half of road is operated by steam power, employing 15 dummy engines, and on the remainder
mules, to the number of 200, furnish the motive power. Passenger cars owned, 60.
Operations for year ending December 21, 1883. — Passengers carried, 4,000,000. Gross
earnings, $200,000. Operating expenses, $130,000. Net earnings, $70,000. Dividends
quarterly, each 2 per cent., $64,000. In 1884 and 1885, quarterly dividends of 1£ per cent.
were paid.
Financial Statement.— Capital stock, $800,000.
Directors (elected second Monday in January, 1887). — J. Hernandez, Chas. E. Black,
H. M. Solari, J. H. Menge, W. J. Behan, J. N. Aveguio, P. Sala, B. T. Walshe, W. S. Devan.
J. HERNANDEZ, President New Orleans, La.
Treasurer and Sec...W. V. Crouch. | Chief Engineer John D'ahmer. | Superintendent C. V. Haile.
PRINCIPAL OFFICE AND ADDRESS No. 17 Baroune St., New Orleans, La.
NEW ORLEANS AND NORTHEASTERN RAILROAD COMPANY.
Line of Road. — Meridian, Miss., to New Orleans, La 195.90 miles.
Sidings, etc., 24.64 miles. Gauge, 4 ft. 8£ in. Rail (steel, 195.28 miles), 60 Ibs.
History. — Chartered March 16, 1870.; road opened from Meridian to Pachuta, 26.64
miles, October 25, 1882 ; completed and opened to New Orleans, November 1, 1883. In-
cluded in mileage above is 0.62 mile of Vicksburg and Meridian RR. between temporary
junction with Vicksburg and Meridian RR. at Meridian and Junction with Alabama Great
Southern RR. On April 8, 1886, the gauge was changed from 5 ft. to the standard width.
Rolling Stock. — Locomotive engines, 30. Cars — passenger, 10; baggage, mail and ex-
press, 6 ; freight (box and fruit, 360 ; coal, 945), 1,305 ; caboose, 18 ; other, 251 — total cars,
1,590. Of these 10 passenger cars, 300 box and fruit cars, 580 coal cars and 200 other cars
were acquired through car trusts.
Operations for year ending December 31, 1886. — Train mileage— passenger, 214,415 ;
freight, 271,945; other, 144,998— total, 631,358 miles. Passengers carried, 80,835; carried
one mile, 5,068,511. Tons freight moved, 253,615 ; moved one mile, 40,483,264.
Earnings.— Passenger $100,850 13
Freight 470,491 63
Mail 13,591 56
Express 8,347 86
Miscellaneous 67,954 55
Total (§3,373.65 per mile) $661,235 73
Expenses.— Transportation $179,472 69
Motive Power 117,905 28
Maintenance of Cars 40,709 38
Maintenance Way and Buildings 111,614 26
General 82,676 23
Total ($2,716.21 per mile) $532,377 84
Net earnings (19.49 per cent.), $128,857.89. Payments : Interest on bonds, $328,487.00 ;
interest on engine and car trust, $14,832.92; other interest, $9,076.19; taxes, $23,246.48—
total, $375,642.59. Deficit, $246,784.70.
POORS MANUAL OP RAILROADS.
703
General Balance Sheet, December 81, 1886.
Capital Stock 85,000,000 00
Funded Debt 6,872,000 00
Unpaid Coupons 237,666 67
A. N. O. T. and P. June. Ry. Co.'s (bal'ce) 740,767 80
Accrued Mortgage Coupons 168,170 00
Current Accounts 158,409 99
Car Trust Notes 199,849 04
Equipment 18,086 27
Cost of Road and Equipment $10,589,739 77
Prior Lien Bonds in Treasury 494,000 00
Material, Fuel, etc 49,043 77
Current Accounts 255,581 48
Interest included in Car Trust Notes, due I
1887-1888 f 1°'80607
Deposit to meet Jan., 1887, Coupons 101,666 66
Cash on Hand 23.357 44
Profit andLoss 1,410,20458
TotalAssets $12,884,39977 Total Liabilities $12,884,39977
The funded debt consists of $5,000,000 first mortgage 6 per cent. 30-year $1,000 bonds,
due January 1, 1911, interest payable January and July ; and $1,372,000 ($878,000 outstand-
ing) prior lien 6 per cent. 30-year $1,000 gold bonds, due November 1, 1915, interest payable
April and October. Trustee of first mortgage bonds, Farmers' Loan and Trust Co., New
York, N. Y.; of prior lien bonds, Central Trust Co., New York, N. Y.
The prior lien bonds were issued in 1885 to pay off floating debt, retire equipment notes,
and pay for improvements, and took precedence, by consent, of the 1st mortgage bonds.
Interest on both issues is payable in New York. Annual meeting, first Monday iu March.
Directors (elected March 7, 1887). — Charles Schiff, C. C. Harvey, Cincinnati, O. ; Robert
Mott, J. H. Oglesby, Henry Abraham, Jules Aldige, New Orleans, La.; Isaac P. Martin, Frank
S. Bond, D. Graff, New York, N. Y.
CHARLES SCHIFF, President Cincinnati, O.
Treasurer— V . Hahn Cincinnati, O. I General Manager— John C. Gault Cincinnati, O.
Secretary— 3 ohn Glynn, Jr New Orleans, La. | Oen. Sitpt. — Richard Carroll Meridian, Miss.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, O.
Transfer Agencies. Central Trust Co. and Farmers' Loan & Trust Co., New York, N.Y.
OHIO VALLEY RAILWAY COMPANY.
Main Line of Road as projected. — Evansville, Ind., to Jackson, Tenn 200.00 miles.
Completed : Henderson, Ky., to Sturgis, Ky 44.00 miles.
Average number of miles operated during the year 27.66 miles.
Sidings, 1.5 miles. Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs. per yard.
History. — Chartered under name of South Kentucky RR. Co., March 15, 1871 ; name
changed April, 6, 1886 ; road opened from Henderson, Ky., to Corydon, Ky., 10 miles, April
1, 1886 ; to Waverly, Ky., 8 miles, May 1, 1886 ; to Morganfleld, Ky., 6 miles, May 15, 1886 ;
to Grove Center, Ky., 7 miles, July 15, 1886 ; to De Koven, Ky., 8 miles, September 1, 1886 ;
and to present terminus November 1, 1886. Since December 31, 1886, the line has been com
pleted to Marion, Crittenden County, 20 miles beyond Sturgis, with a branch to Uniontown,
Ky., on the Ohio River, 6.5 miles, and a branch from De Koven, Ky., to the Ohio River, 2
miles — total of all lines, June, 1887, 76.5 miles. Grading is nearly completed on the main
line to Princeton, Ky., on the C., O. & S. W. RR., 25 miles, and it is expected that trains
will be running in September, 1887.
Boiling Stock.— Not reported.
Operations for 9 months ending December 31, 1886. — Train mileage— passenger, 19,476;
mixed, 27,914 — total, 47,390 miles. Passengers carried, 22,948 ; carried one mile, 350,081 ;
average mile rate, 4.46 cents. Tons of freight moved, 13,588 ; moved one mile, 301,157 ;
average ton-mile rate, 4.69 cents.
Expenses.— Transportation $2,713 21
Motive Power 3,118 88
Maintenance of Cars 716 73
Maintenance of Way 4,562 91
General 7,522 75
Total ($678.70 per mile) $18,634 47
Earnings. — Passenger $15,601 88
Freight 14,117 21
Mail 627 50
Express 870 08
Miscellaneous 925 88
Total ($1,143.96 per mile) $31,64205
704 POOR'S MANUAL OP RAILROADS.
Net earnings (41.11 per cent.), $13,007.58. Paid interest on bonds, $10,375. Surplus,
$2,632.58.
Financial Statement. — Capital stock authorized at rate of $20,000 per mile of com-
pleted road ; outstanding December 31, 1886, on 44 miles of road, as above, $880,000 ; funded
debt, 1st mortgage 5 per cent. 40-year gold coupon bonds, due July 1, 1926, interest payable
January and July ($15,000 per mile authorized), $684,000.
Directors. — S. S. Brown, Harry Brown, Pittsburgh, Pa. ; Arthur Gary, Louisville, Ky. ;
P. G. Kelsey, Jordan Giles, James F. Clay, S. H. Lambert, Henderson, Ky.
P. G. KELSEY, President and General Manager Henderson, Ky.
S. S. Brown, Vice President Henderson, Ky.
Secretary and Treas.— Jordan Giles Henderson, Ky. Auditor— 8. L. Campbell Henderson, Ky.
General Supt.—J. Montgomery Henderson, Ky. Chief Engineer— G. C. Genung Henderson, Ky.
PRINCIPAL OFFICE AND ADDRESS Henderson, Ky.
OWENSBORO' AND NASHVILLE RAILWAY COMPANY.
Main Line of Road. — Owensboro', Ky., to Adairville, Ky 83.50
Penrod Branch : Penrod, Ky. , to Mud River Mines 4.49 — 87.99 miles.
Sidings, 5.68 miles. Gauge, 4 ft. 9 in. Rail (steel, 34.35 ; iron, 59.32 miles), 58 Ibs.
History. — Chartered February 27, 1867, as the Owensboro' and Russell ville RR. Co., and
name subsequently changed to Evansville, Owensboro' and Nashville RR. Co. Reorganized
after foreclosure sale, May 29, 1876, under name of Owensboro' and Nashville RR. Co. Oper-
ated by Nashville, Chattanooga and St. Louis Ry. Co., under ownership of a majority of
capital stock, from 1879 to March 1, 1880, when the Louisville and Nashville RR. Co. became
owner of the majority interest and operated the road until June 30, 1881, when it was con-
solidated with the Tennessee and Kentucky RR. Co., under its present name. Road opened
to Adairville January 1, 1884. Branch from Penrod to Mud River Mines completed July 1,
1886. The projected road extends from Owensboro', Ky., to Nashville, Tenn., 125 miles.
Rolling Stock. — Locomotive egines, 2. Cars— passenger, 5 ; baggage, etc., 1 ; freight
(box, 7 ; platform, 5 ; coal, 24), 36 ; caboose, 1 — total cars, 43. Other equipment supplied by
Louisville and Nashville RR. Co.
Operations for year ending June 30, 1886. — Train mileage — passenger, 54,508 ; freight,
19,672 ; mixed, 67,838 — total, 142 018 miles. Passengers carried, 87,565 ; carried one mile,
1,421,781; average mile rate, 3.07 cents. Tons freight moved, 213,510; moved one mile,
8,410,648 ; average ton-mile rate, 1.41 cents.
Earnings.— Passenger $48,615 90
Freight 118,479 56
Mail 5,377 44
Express _....; 865 73
Miscellaneous 1,038 30
Total ($2,028.47 per mite) $169,376 93
Expenses.— Transportation $34,326 73
MotivePower 20,921 23
Maintenance of Cars 8,872 27
Maintenance Way and Buildings 54,715 44
General 24,862 76
Total ($1,601.18 per mile) $133,698
Net earnings (21.06 per cent), $35,678.50. Payments : Interest on bonds, $14,400 ; other
interest, $o2,813.78 ; taxes, $3,962.62— total, $51,176.40. Balance, deficit, $15,497.90.
General Balance Sheet, June 30, 1886.
Cost of Road, Equipment, etc $1,907,513 82
First Mortgage Bonds in Trust 1,000,000 00
First Mortgage Bonds 154,000 00
Mud Elver Branch 15,69158
Sundry Accounts 76791
Profit and Loss 257,327 38
Total Assets $3,335,300 69
Capital Stock $1,156,517 85
Funded Debt Outstanding 2,160,000 00
Current Accounts 2,000 00
Accrued Interest 16,782 84
Total Liabilities $3,335,300
The funded debt consisted of $2,000,000 first mortgage 6 per cent. 50- year gold coupon
$1,000 bonds, due November 1, 1931, interest payable May and November, and $160,000 col-
lateral trust 6 per cent, coupon $5,000 debentures, due August 1, 1888, interest payable Feb-
ruary and August.
POOR'S MANUAL OF RAILROADS. 705
The $2,000,000 1st mortgage bonds are a first lien on the entire line. The Central Trust
Co. holds $1,000,000 of these bonds as security for the $160,000 collateral trust debentures.
Annual meeting, Thursday before first Wednesday in October. Books close for annual meet-
ing 10 days prior thereto ; for dividends, 10 days prior to payment of same. Voting power
attaches to stock on 10 days' ownership. Dividends (none yet paid) and interest payable at
Louisville and New York. Central Trust Co., trustee of bonds. Registrar of stock. It. K.
Warren, Louisville, Ky.
Directors (elected September 30, 1886).— M. H. Smith, W. C. Hall, A. M. Quarrier, H. W.
Bruce, Henry C. Murrell, Louisville, Ky. ; E. Baxter, Nashville, Tenn. ; R. 8. Bevier, Owens-
boro', Ky.
M. H. SMITH, President Louisville, Ky.
Secretary— R. K. Warren Louisville, Ky. | Treasurer— W. W. Thompson Louisville, Ky .
General Manager— J. T. llaraban Louisville, Ky.
PRINCIPAL OFFICE AND ADDRESS Louisville, Ky.
PRATT COAL AND IRON COMPANY.
TS.IO' «f VnoX J Birmingham, Ala., to Pratt Mines, Ala 7
afl'~ 1 Helena Mines, Ala., to Helena, Ala 3—10 miles.
Sidings, etc., 26 miles. Gauge, 4 ft. 9 in. Rail (steel, 18 miles), 56 Ibs.
History. — Chartered June, 1878 ; road opened in March, 1879. The road is owned by
the Pratt Coal and Iron Co., and is used almost exclusively in hauling coal (about 900,000
tons per annum) from that company's Pratt and Helena Mines to Birmingham and Helena.
The passenger business amounts to about f 4,000 per annum. All accounts are included in
those of the Coal Co. Gauge, originally 5 feet, made of standard width June 1, 1886.
Rolling Stock. — Locomotive engines, 7. Cars — passenger, 4; coal, 135.
Financial Statement.— Capital stock, $1,500,000; funded debt, $800,000— total stock
and bonds, $2,800,000. The property of the Pratt Coal and Coke Company, consisting of the
railroad as above, $73,000 acres of coal lands, and 7.000 acres of iron lands, was purchased
in the latter part of 1880, by the parties forming the present company, for $1,000,000. Ad-
ditions and betterments since, $700,000. Name changed to Pratt Coal and Iron Co. during
1883.
Directors.— Enoch Ensley, T. D. Radcliffe, Pratt Mines, Ala.; T. T. Hillman, Birming-
ham, Ala.; Napoleon Hill, Noland Fontaine, James H. Smith, Memphis, Tenn.; A. M.
Shook, Tracy City, Tenn.; John H. Inman, New York, N. Y.
ENOCH ENSLEY, President Memphis, Tenn.
Napoleon Hill, Vice-President Memphis, Tenn.
Treasurer— Thomas D. Radcliffe Pratt Mines, Ala. | Secretary— James H. Smith Memphis, Tenn.
PRINCIPAL OFFICE AND ADDRESS Pratt Mines, Ala.
ROANE IRON COMPANY'S RAILROAD.
Line of Road. — Rockwood, Tenn., to Tennessee River, Tenn 5.5 miles.
Gauge, 3 ft. Rail, 30 Ibs.
History. — Operated in connection with the company's iron works. Capital is $1,000,000.
Cost of road, $45,000.
H. S. CHAMBERLAIN, President Chattanooga, Tenn.
SHELBY IRON COMPANY'S RAILROAD.
e -D A J Shelby Iron Works to Columbiana, Ala 6 miles,
Mam Lines ol Koad.— j slielby Iron Works to Coosa River 8 miles.
Sidings, etc., 4.50 miles. Gauges, 4 ft. 9 in. and 3 ft. 6 in. Rail, 50 Ibs.
45
706 POOR'S MANUAL OP RAILROADS.
History. — Road opened in 18G8. The broad-gauge road running from Shelby Iron Works
to Columbians, Ala., is open for the public. The narrow-gauge running to the Coosa River has
only been used for the company's business, but it is proposed to open it for public business.
The road will be extended from Columbiana, Ala., to a point on the L. & N. RR. near Whit-
ing, Ala.
NEWTON CASE, President and Treasurer Shelby Iron Works, Ala.
Vice- President— J. A. Pickett.. Shelby Iron Works, Ala. G. Manager— ft.R. Stoughton.. Shelby Iron Works, Ala.
Secretary -O. D. Case Shelby Iron Works, Ala. Asst. 7'rammr— E._P. Cowles. Shelby Iron Works, Ala.
Asst. See.—K. T. Witherby Shelby Iron Works, Ala.
Superintendent— J . T. Bostock. Shelby Iron Works, Ala.
PRINCIPAL OFFICE AND ADDRESS Shelby Iron Works, Ala.
SHIP ISLAND, RIPLEY AND KENTUCKY RAILROAD COMPANY.
Line of Road,— Middleton, Tenn., to Ripley, Miss 25 miles.
Sidings and other tracks, 1.25 miles. Gauge, 3 ft. Rail, 36 Ibs.
History. — Chartered as Ripley RR. Co. in 1871, and construction commenced in 1872.
Road opened September 1, 1872 ; present name taken in 1878. The road is owned by W. C.
Falkner, C. L. Harris, Lee and William Hines.
Rolling Stock. — Locomotive engines, 2. Cars— passenger, 3 ; baggage, etc., 1 ; freight
(box, 6 ; platform, 13), 19— total, £3.
Operations for year ending December 31, 1882.— Trains run, 20,000 miles. Earnings :
Passenger, $4,939.50 ; freight, $21,035.70 mail, $1,070.50— total ($1,081.83 per mile), $27,-
045.70. Operating expenses ($470.19 per mile), $11,754.70. Net earnings (56.58 per cent.),
$15,291. Payments: Interest, $15,291.
Financial Statement,— Capital stock (par, $50), $50,000 ; funded debt, 1st mortgage 7
per cent. 20-year bonds, due 1902, interest January and July, $250,000— total, $300,000. Per
contra : Cost of road, etc., $380,000.
Directors,— W. C. Falkner, J. V. Shepherd, 'B. P. Robsou, L. Rogan, S. T. Hopkins.
Ripley, Miss.; Frank Lambeth, Middletown, Miss.
W. C. FALKNER, President Ripley, Miss.
Sec., Treas. & Pur. Agt.—G. L. Harris Ripley, Miss. | General Manager— C. L. Harris Ripley, Misa.
PRINCIPAL OFFICE AND ADDRESS Ripley, Miss.
SHORT ROUTE RAILWAY TRANSFER COMPANY.
Line of Road.— In Louisville, Ky 1.60 miles.
2d track, 1.6 miles. Gauge, 4 feet 9 inches. Rail (steel), 62 Ibs.
History.— Chartered March 7, 1873. This railway extends along the Ohio River front of
the city of Louisville, from Preston Street to 14th Street (the approach of the Louisville
Bridge), a distance of 1.60 miles, all of which is a double track, iron viaducts crossing all
the streets in the business portion of the city, overhead. It supplies the shortest connection
between the depots of the railroads located at the eastern end of Louisville and those
entering by the two Louisville Bridges in the western part of the city. The structure is of
the most substantial character, and the rails are 62 Ibs., steel. Work was commenced in the
spring of 1883, and the line opened for business on May 14, 1884, and has since been operated
for its owners by the Chesapeake, Ohio and Southwestern RR. Co. At 14th Street it con-
nects directly with the Louisville and Nashville, Chesapeake, Ohio and Southwestern, Penn.
sylvania, Ohio and Mississippi, Louisville, New Albany and Chicago, and Louisville, Evans-
ville and St. Louis Railroads. The Kentucky and Ohio Bridge Co. operates a number of
trains over it in connection with its Bridge franchise, to and from New Albany.
Financial Statement, December 31, 1885.— Capital stock, $500,000 ; funded debt, 1st
mortgage 6 per cent. 30-year bonds, due August 1, 1912, interest February and August $500,-
000— total, $1,000,000.
Directors (elected May, 1885).— C. P. Huntington, F. H. Davis, Geo. E. Miles, E. St.
POOB'S MANUAL OF RAILROADS. 707
John, New York, N. T.; John Echols, John G. Barrett, Wm. R. Ray, Charles R. Long,
Thomas W. Bullitt, Louisville, Ky.
C. P. HUNTING-TON, President New York, N. Y.
Vice-Pre*.— John Echols Louisville, Ky. | Sec. and Treae.—I. E. Gatea New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 23 Broad Street, New York, N. Y.
SOUTHWESTERN RAILWAY COMPANY.
Line of Rond. — Harrieburg to Harrisburg Junction 5 miles.
Sidings, etc., 0.50 mile. Gauge, 4 ft. 8£ in. Rail (steel, 1.50 miles), 45 Iba.
History.— Chartered February 16, 1876 ; road opened November 12, 1877. Leased for 6
years from May, 1883, to M. Tabler.
Rolling Stock. — Locomotive engine, 1. Cars — passengers, 2 ; baggage,!. The cars are
held through car trust. Freight cars of the C., N., 0. T. & P. Ry. are used.
Operations for year ending December 31, 1885. — Not reported.
Financial Statement. —Capital stock, $88,000; funded debt, $10,000— total, $98,000.
Cost of road, $85,000 ; equipment, $15,000 ; real estate, $3,000— total, $103,000. Character
of bonds not stated.
Directors.— E. H. Gaither, W. P. Harvey, T. H. Hardin, J. O. Dedman, Harrodsburg,
Ky.
M. TABLER, Lessee and General Manager Harrodsburg, Ky.
THOMAS C. BELL, President Harrodsburg, Ky.
Vice-President—- D. J. Curry Harrodsburg, Ky. | Treasurer— A. B. Bonta Harrodsburg, Ky.
PRINCIPAL OFFICE AND ADDRESS Harrodsburg, Ky.
TALLADEGA AND COOSA VALLEY RAILROAD COMPANY.
Main Line of Road. — Murphy to Consa River 15 miles.
Leased : Anniston and Atlantic RR.: Talladega 2 miles.
Total length of road operated December 31, 1886 17 miles.
Sidings, etc , 1 mile. Gauge, 3 ft. Rail (steel, 11 miles), 30 and 35 Ibs.
History. — Chartered December 19, 1883. Road opened from Barclays to Renfroe, Feb-
ruary 3, 1884 ; Murphy to Barclays, May 12, 1884 ; Renfroe to Moxley, March 1, 1885 ; to
Youngs, November 15, 1885 ; to Coosa River in 1886.
Rolling- Stock. — Locomotive engines, 3. Cars — passenger, 1; platform, 28; box, 2;
coal, 2 ; caboose, 1 — total, 34.
Operations for year ending December 31, 1885. — Trains run (passenger, 832 ; mixedj
10,016 ; other, 15,024), 25,872 miles. Passengers carried, 5,522 ; tons freight moved, 37,307.
Earnings, $16,153.27. Expenses, $9,246.80. Net earnings, $6,906.47.
Financial Statement, December 31, 1886.— Capital stock, $100,000 ; funded debt, 1st
mortgage 6 per cent. 20-year coupon $250 bonds, due 1994, interest June and December
(authorized $6,000 per mile), $100,000; due Baldwin Locomotive Works, $4,889.40 ;. loan,
$50,000. Contra : Cost of road, $153,000 ; rolling stock, $183,900.
Interest payable at Isbell & Co.'s Bank. Talladega, Ala.
Directors.— D. W. Rogers, D. M. Rogers, R. S. Sayre, F. A. Franks, H. P. Rogers,
Renfoe, Ala.; T. S. Plowman, John B. Knox, Talladega, Ala.
D. W. ROGERS, President Renfroe, Ala.
Treasurer— E. H. Isbell Talladega, Ala. | Gen. Manager— D. M. Rogers Renfroe, Ala.
PRINCIPAL OFFICE AND ADDRESS .Renfroe, ,Ala.
708 POOR'S MANUAL OF RAILROADS.
TENNESSEE AND OHIO RAILWAY COMPANY.
Line of Road. — Rogersville Junction, Tenn., to Rogersville, Tenn 16 miles.
Sidings, 0.50 mile. Gauge, 4 ft. 9 in. Rail (steel, 2 miles), 52 and 56 Ibs.
History. — Chartered October 17, 1884, and succeeded to the rights, franchises, etc., of the
Rogersville and Jefferson RR. Co. This road is projected to extend from Rogersville, Tenn.,
either to Big Stone Gap or Moccasin Gap.
Rolling Stock, — Locomotive engines, 2. Cars — passenger, 2; baggage, etc., 1 ; freight,
4 ; other, 2 — total cars, 9.
Financial Statement.— Capital stock (par value, $25), $250,000; other liabilities, $10,000
—total, $260,000.
Annual meeting, third Tuesday in November.
Directors. — H. M. Aiken, George Andrews, R. N. Hood, Knoxville, Tenn. ; L. L. Poats,
George A. Smith, Rogersville, Tenn.
H. M. AIKEN, President and General Manager Rogersville, Tenn.
Secretary and 7'reas. — Jas. Cooper ..Rogersville, Tenn. | Superintendent— Joseph Helton Rogertmlle, Tenn.
PRINCIPAL OFFICE AND ADDRESS Rogersville, Tenn.
TENNESSEE CENTRAL RAILROAD COMPANY.
Main Line of Road. — Tennessee River to Nashville, Term 140 miles.
Sidings, 2 miles. Gauge. 8 ft. Rail, 40 Ibs. per yard.
History. — Chartered under the name of the Tennessee and Sequatchee Valley RR. Co.,
August 20, 1880. Completed from Spring City, Tenn., to Jevvett, Tenn., 12 miles, and opened
August 31, 1882. Purchased by the present corporation in December, 1883. This is a coal
road, and no separate account is kept of operations, etc.
Rolling' Stock, December 31, 1886. — Locomotive engine, 1. Cars — coal, 22 ; caboose, 1.
Financial Statement. — Capital stock, $100,000 ; funded debt, first mortgage 6 per cent.
10-year bonds, dated July 1, 1881, interest payable January and July, $100,000 — total, $200,-
000. Contra : Cost of road, $241,766.72 ; rolling stock, $13,040— total, $254,806.72.
Thomas McDougall, of Cincinnati, 0., trustee of bonds.
Directors (elected January 11, 1887). — Charles Clinton, Peter V. Moouey, Spring City,
Tenn.; E. D. Albro, W. H, Justice, Charles E. Sampson, Cincinnati, O.
CHARLES CLINTON. President and General Manager Spring City, Tenn.
E. D. Albro, Vice- President Cincinnati, O.
Secretary, Treasurer and Purchasing Agent — P. V. Mooney Spring C^y, Tenn.
PRINCIPAL OFFICE AND ADDRESS Spring City, Teuu.
TUSKEGEE RAILROAD COMPANY.
Line of Road, — Tuskegee, Ala., to Chehaw, Ala. 5.34 miles.
Sidings, 0.33 mile. Gauge, 3 ft. Rail, 25 and 30 Ibs.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; baggage, etc., 1 ; freight,
5 ; other, 1 — total, 8.
Operations for year ending June 30, 1882. — Not reported. Earnings, $8,820.85 ; ex-
penses and taxes, $6,410.95 ; net earnings, $2,209.90.
Financial Statement, June 30, 1882. — Capital stock, $53,036.05, representing cost of
road and equipment. All later information refused.
W. H. WRIGHT, Treasurer and Agent Tuskegee, Ala.
PRINCIPAL OFFICE AND ADDRESS Tuskegee, Ala.
709
UNION RAILWAY COMPANY OF CHATTANOOGA.
Line of Road.— Around city of Chattanooga, Teun 17 miles.
Sidings, 2 miles. Gauge, 4 ft. 9 in. Rail (steel, 16 miles), 50 ll>s.
History.— Chartered in 1884 ; road completed March 14. 1885. This is a belt line, and
connects with all the railroads centring at Chattanooga, Tenn. It is used for transferring
freight cars from and to the railroads and manufactories, and also for passenger business.
Rolling Stock.— Locomotive engines, 8. Cars — passenger, 15 ; freight, 7 — total, 22.
Financial Statement.— Capital stock (par, $100), $500,000; bonded debt, G per cent, bonds
authorized, $200,000.
Interest ou bonds payable at the office of the trustee, the Farmers' Loan and Trust Co. ,
New York, N. Y.
Directors.— C. E. James, W. E. Baskett, D. J. O'Connell, J. W. James, N. Lodoi, Chat-
tanooga, Tenn.
C. E. JAMES, President Chattanooga, Tenn.
Secretary— D. J. O'Connel) Chattanooga, Tenn. | Superintendent— E. A. Cooper Chattanooga, Tenn.
PRINCIPAL OFFICE AND ADDBESS • Chattanooga, Tenn.
VERSAILLES AND MIDWAY RAILROAD COMPANY.
Line of Road. — Versailles, Ky. , to Midway, Ky 7.88 miles.
Chartered in 1884 ; company organized February, 1885 ; road opened November, 1885.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1; baggage, mail and express,
1 ; platform, 2 — total, 4.
Financial Statement, — Capital stock paid in ($10,000 per mile), $70,000 ; bonds issued
($10,000 per mile), $80,000— total, $150,000. Contra : Cost of road, $150,000 ; rolling stock,
$12,000 ; real estate, $5,000— total, $167,000.
Rate of interest on bonds is 6 per cent., payable semi-annual ly, running 20 years from
May 1, 1885.
W. H. GRADDY, President * Versailles, Ky.
Thomas H. Hays, Vice- President and General Manager Louisville, Ky.
Treasurer— J '. P. Amsden Versailles, Ky. | Secretary— Robert Wallace Versailles, Ky.
PRINCIPAL, OFFICE AND ADDRESS Versailles, Ky.
Transfer Office ' Midway, Ky.
VICKSBURG AND MERIDIAN RAILROAD COMPANY.
Line of Road. — Vicksburg, Miss., to Meridian, Miss 189.88
River Brancli : Vicksburg to Lower Vicksburg 3.51 — 143.39 miles.
Sidings, 16.54 miles. Gauge, 4 ft. 8£ in. Rail (steel, 70.06 m.), 56 and 60 Ibs.
History. — Consolidation in 1856 of the Vicksburg and Jackson (chartered 1835 ; road
opened 1841), and the Southern Mississippi (chartered 1837 ; road completed in 1860). River
Branch built in 1872 ; extended in 1880 and 1885. The company being unable to earn interest
charges, reorganization was effected early in 1881. Road placed in the hinds of a receiver
on application of a judgment creditor October 29, 1885. In October, 1885, the gauge was
changed from 5 ft. to 4 ft. 8£ in., and connection made with the Vicksburg, Shreveport and
Pacific RR., by means of a system of inclined planes and a ferry at Kleinstown, near Vicks-
burg.
In May, 1887, a plan of reorganization was proposed, which calls for the issue of $2,860,-
000 consolidated mortgage bonds, $1,430,000 preferred stock, and $2,860,000 common stock ;
the bonds to run for 50 years, bearing 4 per cent, for first two years and 5 per cent, there-
after, and secured on the entire property of the company, exclusive of land grant and lands
not used for railway purposes ; proceeds of land sales to be applied to dividends on preferred
710 POOB'S MANUAL— VICKSBUKG AND MEKIDIAN KB. CO.
stock. Income bonds pay 10 per cent, cash and receive 70 per cent, in new preferred and 30
per cent, in new common stock, and consols at par for the assessment. Stock pays $10 per
share, preferred receiving 50 per cent, and common 33^ per cent, in new common stock. First
mortgage bonds release sinking fund provision and receive cash for all overdue coupons up
to October 1, 1887. A sufficient amount of new consols are held to retire 1st mortgage bonds
at maturity.
Rolling Stock, March 31, 1887. — Locomotive engines, 18. Cars — passenger, 14 ; bag-
gage, etc., 7 ; caboose, 8; freight (box, 239 ; stock, 2; flat, 78 ; coal, 25), 352 ; other, 16 —
total cars, 389. Of the above, 200 box cars are leased, and 4 locomotives, 3 passenger and 3
baggage cars were acquired through car trust.
Operations for year ending March 31, 1887. — Train mileage — passenger, 145,407 ; freight,
225,030 ; other, 187,288— total, 557,725 miles. Passengers carried, 117,201 ; carried one mile,
5,436,767; average mile rate,' 2.87 cents. Tons freight moved, 173,689; moved one mile,
18,373,991 ; average ton-mile rate, 1.79 cents.
Earnings.— Passenger $155,903 38
Freight 345.268 79
Mail 13,10568
Express 10,303 50
Miscellaneous 7,191 07
Total ($3,708.57 per mile) 8531,772 42
Expenses.— Transportation $141,390 50
Motive Power 97,534 52
Maintenance of Cars 26,930 65
Maintenance Way & Buildings. . 177,707 58
Miscellaneous and Taxes .. 59,08468
Total ($3,505.46 per mile) $502,647
Net earnings (5.48 per cent.), $29,124.49. Other charges : Interest on bonds, $125,083.33;
interest on floating debt, $14,232.36 ; land department expenses, $4,298.46— total, $143,-
614.15. Balance, deficit for year, $114,489.66.
Financial Statement, March 31, 1887. — Capital stock— common, $3,962,100 ; preferred,
$1,940,612.72 ; funded debt (1st mortgage 6 per cent. 40-year coupon $1,000 bonds, due April
1, 1921, interest payable April and October, $1,000,000 ; 2d mortgage 5 per cent. 40-year
coupon $1,000 bonds, due May 1, 1921, interest payable May and November, $1,100,000 ; 3d
mortgage income 40-year $500 and $1,000 bonds, due June t, 1921, $1,920,000), $4,020.000 ;
Car Trust Notes, $53,704.33 ; current accounts, $370,560.93; unpaid coupons, $200,000 ; cou-
pons accrued but not due, $57,500 ; replacement of rolling stock, $28,936.32 ; Vicksburg
Transfer Land Notes, payable in 1895, $60,000 ; reserve for bad debts, $2,000.00— total
liabilities, $10,695,414.30. Contra: Cost of road, equipment, etc., $10,336,06:3.41; Vicks-
burg Land Transfer, $60,000; materials and fuel, $34,567.46 ; current accounts, $58,001.51 ;
cash on hand, $2,263.09 ; stock and bonds owned, $2,473.90 ; bills receivable, $13,225.73 ;
profit and loss, $188,819.20. Interest on 2d mortgage bonds was 3 per cent, to May 1, 1883,
and 4 per cent, to May 1, 1885 ; 5 per cent, to May 1, 1886, and will be 6 per cent, hereafter.
Earnings and expenses for five years ending March 31, 1887 :
1883 1884 1885 1886 1887
Gross Earnings $495.85143 $513,88446 $496,60329 $503.30477 $531.77242
Operating Expenses.... 354,5-27 02 410,86141 461,48994 443,24015 502,64793
Net Earnings 141,32441 103,02305 34,11335 60,06492 29,12449
Land Department (1887). — Company, under act of Congress of August 11, 1856, received
a land grant estimated at 404,800 acres, of which 198,028.41 acres have been certified, and
about 66,498.17 acres sold or otherwise disposed of. Sales in 1886-87, 1,240 acres for $2,-
425.00, an average of $1.96 per acre. Expenses during same period, $6,469.46, including
$2,171.00 taxes. Total receipts from land sales to March 31, 1877, $111,534.18, an average of
$1.68 per acre. Cash receipts, $94,639.29 ; notes, $16,894.89.
Managers (elected May 2, 1887). — Edward R. Bacon, R. C. Hawkins, Frank S. Bond,
Isaac P. Martin, New York, N. Y.; C. C. Harvey, Charles Schiff, Cincinnati, 0.; Alfred Sli-
dell, New Orleans, La.
FRANK S. BOND, Receiver New York, N. Y.
CHARLES SCHIFF, President Cincinnati, 0.
Secretary a/id Treasurer — U. Graff New York, N. Y. I General Manager— John C. Gault Cincinnati, O.
Assistant Treasurer— V. Hahn Cincinnati, O. | Comptroller— C. C. Harvey Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, 0.
Transfer Office Farmers' Loan and Trust Co., New York, X. Y.
POOR'S MANUAL OF RAILROADS.
711
VICKSBTJRGr, SHREVEPORT AND PACIFIC RAILROAD COMPANY.
Line of Road.— Delta, La., to Shreveport, La 170.7 miles.
Extension : Shreveport, La., to Texas State Line 17.7 miles.
Sidings, 17.3 miles. Gauge, 4 ft. 8* in. Rail— iron (109.8 miles), 60 ; iron, 50 Ibs.
History.— Chartered April 18, 1853, as Vicksburg, Shreveport and Texas RR. Co., and
road opened from Delta, opposite Vicksburg, to Monroe, January, 1861 ; from Monroe to
Shreveport, in August, 1884. The section of 17.7 miles (Shreveport to Texas line) built under
this company's charter, was leased in 1863 (then uncompleted) to the Texas and Pacific Ry.
Co., and is operated by that company. The road was sold under foreclosure December 1,
1879, and reorganized under present title December 2, 1879. In the early part of 1881 this
company passed under the control of the Alabama, New Orleans, Texas and Pacific Junction
Railways Company, Limited, of London, England.
Rolling Stock.— Locomotive engines, 23. Cars— pnssenger, 14; baggage, mail, etc., 7 ;
freight (box, 261 ; coal, 100; platform, 181; stock, 97), 639; caboose, 5 ; other, 19— total cars,
684. Of these, 8 passenger, 4 baggage, mail and express, 250 box, 97 stock, 100 platform, and
100 coal cars were acquired through car trusts.
Operations for year ending June 30, 1886 (170.7 miles). — Train mileage— passenger, 146,-
937 ; freight, 98,346 ; switching, 88,618 ; construction, 92,844— total, 426,745 mile?. Pas-
sengers carried, 78,516 ; carried one mile, 3,455,451. Tons freight moved, 91,521 ; moved
one mile, 8,521,196.
Earnings.— Passenger $117,334 76
Freight 326,286 97
Mail 9,30523
Express 5,368 28
Miscellaneous 26,516 08
Expenses.— Maintenance of Way $152,514 95
Maintenance of Cars 23,048 95
Motive Power 75,772 17
Transportation 96,722 32
General. . 46,29835
Total ($2,851. 83 per mile) $484,811 32
Net earnings (18.66 per cent.), $90,454.58.
on car trust notes, $15,790.90 ; other interest,
383.77.
General Balance Sheet, June 30, 1886.
Total ($2,319.74 per mile) $394,356 74
Paid interest on bonds, $265,116.92 ; interest
56,930.53— total, $287,838.35. Deficit, $197,-
Cost of Road and Rolling Stock $11,330,691 32
Prior Lien Bonds in Treasury 323,000 00
City of Shreveport
Interest included in Car Trust Notes
Material*) and Fuel on Hand
Deposit for July 1, 1886, Coupons
Bills Receivable
Current Accounts ,
Cash on Hand . . .
Capital Stock $3,000,000 00
Funded Debt Outstanding 8,823,000 00
3,659 25
189,657 77
260,790 50
130,000 00
8,314 30
Bills Payable
Current Accounts
Car Trust Notes
Accrued Interest to June 30, 1886.
Replacement Rolling Stock Fund.
A., N. O., T. & P. Co., Limited 1,026,929 41
30,000 00
63,314 72
50,980 70
81,333 34
4,107 06
380,93058
10,456 21
Profit and Loss 1,167,53730
Total Assets $13,442,351 23 Total Liabilities $13,442,351 23
Funded debt consists of $4,000,000 first mortgage 6 per cent, gold bonds, due August 12,
1920; income bonds, $3,500,000; and $1,323,000 six percent, gold $1,000 30-year prior lien
bonds, due November 1, 1915, interest payable (in New York) May and November.
In July, 1886, the company made provision for an issue of $2,500,000 30-year gold bonds,
dating from January 1, 1886, bearing no interest for two years, 3 per cent, for 3 years, 4 per
for a second three, and 5 per cent, thereafter, secured by first mortgage on the land grant
and third mortgage on railroad. Holders of income bonds and of stock not held by A., N. O.,
T. & P. Co. were asked to exchange for new bonds at 50 and 25 respectively.
Directors (elected December 20, 1886).— Charles Schiff, C. C. Harvey, Cincinnati ; Frank
S. Bond, Isaac P. Martin, Edward R. Bacon, C. R. Mower, New York, N. Y.; A. Slidell, New
Orleans, La. ; Geo. C. Waddill, Vicksburg, Miss.
CHARLES SCHIFF, President Cincinnati, O.
Secretary and Treafurer-V. Graff. . . .New York, N. Y. I Comptroller— C. C. Harvey Cincinnati, O-
General Manager— John. C. Gault Cincinnati, O. | Gen. Superintendent— R\duaA Carroll . .Meridian, Miss.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, 0.
712 POOR'S MANUAL OF RAILROADS.
WALDEN'S RIDGE RAILROAD COMPANY.
Main Line of Road. — Knoxville Junction, Tenn., to Hawkins Mine, Tenn .20
Big Emory Branch : Oakdale to Big Emory, Tenu 3 — 23 miles.
Gauge, 4 ft. 9 in. Rail (steel, 10 miles), 50 Ibs.
History. — Reorganization of the Oakdale and Cumberland Mountain RR. Co. Of the
main line, from Oakdale to Oliver's Springs, 11 miles, and the Big Emory branch, 3 mi lea,
were completed during the year 1882.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; freight, 20.
Operations for 7 months ending February 28, 1887. — Train mileage, not reported. Gross
earnings, $10,137.11 ; operating expenses, $7,142.35 ; net earnings, $2,995.76.
Financial Statement, February 28, 1887.— Capital stock, $300,000; profit and loss, $21,-
995.76 — total, $302,995.76. Contra: Cost of road and equipment, $295,000 ; real estate, $5,-
000 ; cash on hand, $2,995.76.
Directors (elected August 3, 1886).— E. R. Chapman, Thomas C. Purdy, Grant B. Schley,
W. K. Kitchen, S. H. Kneeland, New York, N. Y. ; D. A. Carpenter, Knoxville, Tenn.
E. R. CHAPMAN, President New York, N. Y.
Treasurer & Secretary— G. II. Eicks. . New York, N. Y. | Gen. Supt. — Geo. J. Kinzel Oliver Springs. Tenn.
PRINCIPAL OFFICE AND ADDRESS 26 Broad Street, New York, N. Y.
WEST FELICIANA RAILROAD COMPANY.
Line of Road. — Bayou Sara, La., to Woodville, Miss. 25.63 miles.
Sidings, 0.50 mile. Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History. — Chartered in Louisiana March 25, 1831, in Mississippi January 28, 1832, and
road opened in the autumn of 1842.
Rolling1 Stock, June 30, 1886. — Locomotive engines, 2. Cars — passenger, 2; freight
(box, 3 ; platform, 7), 10 — total, 12. Also, 3 dirt and 5 hand cars, and 1 steam pile driver.
Operations for year ending June 30, 1886. — Trains run, 11,130 miles. Passengers car-
ried, 5,276. Earnings— passenger, $3,202.50; freight, $26,501.21 ; mail, express, etc., $1,507.48
— total, $31,211.19 Operating expenses— tra^portation, $10.639.21; rolling stock, $2,106.63;
maintenance of way, $8,192.15 ; general, $2,178.25— total, $23,116.24. Net earnings, $8,-
094.95. Interest account, $6,772.10; other payments, $1,141.74— total, $7,913.84. Surplus,
$181.11.
Financial Statement, June 30, 1886.— Capital stock, $760,600 : funded debt, $110,000—
total, $870,600. Contra : Cost of road, $745,000 ; rolling stock, $23,818.15 ; real estate, $32,-
700 ; materials, etc., $6,323.83 ; sinking fund, $25,424.39 ; current accounts, $5,866.83 ; bills
receivable, $4,431.21 ; machine shops, $6,746.92 ; suspended debts, $3,984.76 ; Canal Bank,
$3,790.42; cash, $1,970.77 ; profit aud loss, $10,542.69— total, $870,600.
The funded debt consists of 1st mortgage (on road and equipment) 8 per cent, coupon $500
bonds, due January 1, 1878, and extended to January, 1888. Interest January 1 and July 1.
Directors (elected January 3, 1887). — J. Burruss McGehee, Bayou Sara, La. ; H. S. Van
Eaton, L. K. Barber, Chan. G. McGehee, George T. McGehee, S. H. Snowden, R. M. McGehee,
E. L. McGehee, Woodville, Miss. ; Duncan Stewart, Laurel Hill, La.
J. BCRRUSS MCGEHEE, President and General Supt Woodville, Miss.
Secretaiy and Treas.—R. H. Wailes. . .Woodville, Miss. | Master Mechanic— 3. A. Tilton Woodville, Miss.
PRINCIPAL OFFICE AND ADDRESS Woodville, Miss.
POOR S MANUAL OF BAILROADS.
713
GROUP 6. -Railroads of Southwestern States : Missouri, Arkansas, Teiai, Kansas, Colorado,
and Indian Territory.
ATCHISON, TOPEKA AND SANTA FE RAILROAD COMPANY.
Lines of Railroad Owned, Leased and Controlled :
Atcliison, Topeka and Santa Fe— Main Stein 470.58 miles.
Extensions and Branch Lines of Atchisou System 1,424.92 miles.
Southern Kansas System ' 680.80 miles.
Total Atcliison and Southern Kansas Systems 2,525.80 miles.
Chicago, Kansas and Western System 401.28 miles.
Sonora System — New Mexico and Arizona RR 87. 78 miles
Sonora Ry 26'2.41 miles— 350.19 miles.
OWNED JOINTLY WITH OTHER COMPANIES :
Manhattan, Alma and Burlingame Ry.: Burlingame to Manhattan 56.62 miles.
Leavenworth, Topeka and Southwestern Ry.: Leavenworth to Meriden 46.30 miles.
Wichita and Western RR. : Wichita to Kingman 44.93 mi les.
Kingman, Pratt and Western RR.: Kingman to Cullison 44.23 miles.
Total owned jointly. 192.08 miles.
Of which one-half credited to Atcliison . 96.04 miles.
Total mileage of Atehison System (exclusive of California Southern, 210.61
miles ; Atlantic and Pacific, 917.75 miles ; Gulf, Colorado and Santa Fe,
847.30 miles) 3,373.26 miles.
2d track, 4.10 miles ; sidings, etc., 400 miles. Gauge, 4 ft. 8i in. Rail (steel, 2,243.42 miles),
56-65 Ibs.
History. — Originally chartered February 11, 1859, under name of Atehison and Topeka
RR. Co. Name changed March 8, 1863, to Atehison, Topeka and Santa Fe RR. Co., and
Congressional land grant transferred to latter corporation. Construction begun in 1869 ;
whole line completed and opened February 20, 1873.
Rolling Stock, December 31, 1886. — Locomotive engines, 390. Cars as follows :
Passenger- Train Cars (317) :
Coarhes 1-15
Coach and Baggage 14
Baggage, Mail and Express 94
Mail, Cofich and Bagjjage . . 8
Chair, Officers' and Pay... 10
Emigrant Sleeping 42
Pullman Sleeping (i int.) . ... 34
Freight-Train Cars (10,895) :
Frilit 185
Refrigerator.... 19
Box 4,698
Combination 632
Stock 1,247
Flat 902
Coal 3,066
Way 151
Sundry Cars (29) :
Water 4
Boarding 8
Store-room Box 2
Oil Flats 3
Pile-Drivers 6
Derrick, 7 ; tie spotter, 1 8
Snow Flangers 3
Total of all cars 1 1,241
Of this equipment 18 locomotives, 17 passenger train cars and 387 freight-train cars are
owned by the Topeka Equipment Company.
Operations for year ending December 31, 1886 (on 2,420.19 miles). — Train mileage — pas-
senger, 8,079,253; freight, 5,014,033 ; other, 2,666,741— total, 10,760,027 miles. Passengers
carried (west, 933,869 ; east, 853,146), 1,787,015 ; carried one mile, 176.810,489 ; average rate
per mile, 2.277 cents. Freight moved (west, 1,739,282; east, 1,199,082), 2,938,364; moved
one mile, 687,399,093 tons ; average rate per mile, 1.615 cents.
Earnings.- Passenger $4,026.004 89
Freight 11,100,967 13
Mail 339,845 65
Express 354,560 61
Miscellaneous 162,928 91
Expenses.— Maintenance of Way $2,030,572 08
Buildings and Shops 156,195 19
Rolling Stock 1,395,719 72
Tran sportation 4,128,340 07
Miscellaneous 410,129 44
Total ($6,604. 57 per mile) $15,984,307 19 Total ($3,355.51 per mile) $8,120,95650
Net earnings (49.19 per cent.), $7,863,350.69. Deduct taxes, $492,955.06. Net income
(46.11 per cent.), $7,370,395.63. See Income Account, page 714.
714 POOR'S MANUAL— ATCHISON, TOPEKA AND SANTA FE BB. CO.
Income Account, Tear 1886.
Gross Earnings for 1886 15,984.307 19
Balance General Interest Account 281,877 73
Track Rentals :
Atlantic and Pacific RE. Co 18.988 33
St. L. and San Francisco Ry. Co 9,235 68
Leaveuworth, Top. & S. W. Ry. Co 7,766 52
$35,990 53
Less Paid C., K. & W. RR. Co. . . $2,205 00— 33,785 53
Ket Land Receipts So. Kansas Ry. Co 12.991 05
Sundry Profits 328.990 64
Interest on Land Grant Bonds 170,632 78
Total Receipts $16,812,584 92
Operating Expenses and Taxes $8,613.911 58
Rental of Rolling Stock
Interest on Bonds A., T. & S. F. RR. Co.
Interest on Bonds So. Kansas Ry. Co
Interest on Land Grant Bonds (contra). . . .
Sinking Funds
Interest Sonora Ry. 1(4 mtge. Bonds
Interest L., T. & S. W. Ry.Gen mtge. b'ds.
Interest Leased Lines Bonds
Dividends, including February 15, 1887 . . .
Sundry Amounts— Pool Earnings, etc
Profit and Loss Balance
Total Payments $16,812,584 92
Credit balance of income account for the year 1886, $739,316.80 ; at close of the year 1885,
$7,387,824.69 ; total credit balance, December 31, 1886, $8,127,141.49.
The above surplus for the year, $739,316.80, is after deducting $283,500 interest on the
outstanding first mortgage bonds of the Sonora Ry. Co., which until 1885 was not charged to
the income account of the Atchison Company. It is also after deducting $311,340 for the
sinking funds paid in 1886, which decreased the company's indebtedness by reducing the
amount of the bonds previously outstanding, and does not include the profits of the Atchison
Land Grand Department, which for the year amounted to $1,126,652.11 over and above ex-
penses, taxes, and interest on the land grant bonds, and cost of $20,000 bonds purchased and
cancelled.
General Balance Sheet (Atcbison and Southern Kansas Co.'s) December 31, 1SS6.
LIABILITIES I
Capital Stock, Atcbison, Topeka and Santa Fe RR. Co §64,893,100 00
Scrip exchangeable into stock,Atchisou,Topeka and Santa Fe RR.Co. 150 00— $64,893,250 00
Capital Stock, Sou. Kansas Ry. Co. issued (owned by Atchison Co.) 5,059,847 18
Capital Stock, Southern Kansas Ry. Co. to be issued 16,452 82— 5,076,300 00— $69,969,550 00
Funded debt, Atchison, Topeka and Santa Fe Ry. Co 30,931,000 00
Funded debt, Southern Kansas Ry. System 9,26000000— 40,191,00000
Contingent Liabilities account roads operated as part of the Atchison System (contra) 12,284,000 00
Unpaid coupons and scrip certificates, and interest accrued to date 924,284 58
Dividends unpaid, including $973,089 payable February 15, 1887 991,107 00
Vouchers, pay-rolls, and accounts payable 3,853,29224
Land grant trust 3,928,526 39
Balance sundry book and suspended accounts 374,106 31
Fire Insurance Fund Account 103,386 24
Renewal and Improvement Fund Account 500,000 00
Accounts with subscribers under circulars 57 and 58, payable in bonds and bond scrip of the C., K. &
W. RR. Co., and the S. K. Ry. Co. of Texas , 1,107,050 00
Income Accounts 8,127,141 49
Cancelled Bond Accounts... 2,679,00000
Total Liabilities $145,032,444 25
ASSETS :
Construction, equipment and rolling stock account to December 31, 1885 $52,005,583 67
New construction and equipment in 1886 2,065,914 41
Interest in leased and auxiliary roads, represented by bonds and stocks owned by the Atchison Co. 51,143,225 55
Cost of Gulf, Colorado and Santa Fe Railway 7,980,00000
Property of leased roads, represented by amount of their 1st mortgage bonds outstanding (contra). 12,284,000 00
Materials and supplies on hand at close of year 2.044,759 26
Cost of seven-eighths interest in steamship " City of Topeka " 121,517 97
Pottowattomie lands account 25,283 07
Cash in hands of trustees for purchase and cancellation of bonds 75,052 46
Atlantic and Pacific RR. Co.— Advances, partly secured by hypothecation of A. and P. lands 2,500,057 10
Atlantic and Pacific RR. Co., repayable advances of 25 per cent, on interchanged business 569,000 00
Sundry bonds and securities at cost, representing investments in coal properties, Belt Railway, etc. 3,887,484 34
Bonds owned by the company for construction of leased or auxiliary roads 1.190,000 00
United States Government 439,668 50
Accounts receivable, agents, railroad companies, etc 6,770,258 73
Cash and bank balances— Topeka, $854,067.86 ; Lawrence, $84,097.10 ; Boston, $1,092,474.23 2.030,639 19
Total Assets $145,032.^4 25
The above assets are exclusive of bills receivable for sales of land to December 31, 1886, amounting to $1,178,-
256, and the value of 1,390.68 acres of unsold land.
POOR'S MANUAL— ATCHISON, TOPEKA AND SANTA FE RR. CO.
715
Statement showing in detail the mileage and terminal points of all lines operated in the
Atchison and Southern Kansas Systems, with dates of openings, etc., etc.
NAME or LINK OR
ORIGINAL COMPANY.
TKRMI.M or ROAD.
Length
In
Miles.
RlVAIKS.
From—
To-
Atchison, Topeka & Santa Fe.
Kansas City, Topeka & West'rn
Atchison, Kan
Kansas City, Mo
Western line of Kan.
Topeka, Kan
470 88
66.14
Chartered March 3, 1869. Road opened Feb 40,1873,
Topeka to Lawrence, 24 miles, was built In 1874 by
Lawrence and Topeka RU. Co. : Kansas City to Do
8oto.28 miles, was built In 1874 by Kansas Midland
RR. Co. Consolidated In 1875 under present name.
connection between the two lines being made over
16 miles of the St. Louis Lawrence and Western
RR. Line opened through Anunet 40, 1876. and
leased to Atchison. On August 1. 1877. connecting
link purchased In U79 xtock of thlt company
was purchased by the Atchlnon by exch inge of 1U
Kans. City, Emporia & South'n
Kmporia, Kan
Maine, Kan
84 V7
own stock, dollar for dollar.
Emporia to South Line. Greenwood County. 64 41
miles, built by Kansas City, Emporia and Southern
HR. Co (chartered January 28 1877). and opened
Oct. 10. 1879. from south line of Greenwood County
to Howard 11.84 miles, by Elk and Chatamiua RR.
Co. (chartered Dec. 18. 1878), and opened Dee. 29,
1879. Consolidated under present name Dec. 6,
1882. Extended, In 1886, from Howard to Moline,
FlDr., Eldorado & Walnut Val
Florence, Kan
Winfleld, Kan
"4.78
8.22 miles.
ence to Eldorado 29.:i2 miles August 1, 1877 ; to
Douglass, 24.27 miles, August 1, 1881, and to Win-
fleld. 18.14 miles, In 886.
Marion and McPherson
Florence, Kan
Elllnwood, Kan
98.61
Consolidation, October 6, 1884 <f the Marion and
McPherson RR.Co. (chartered Nov 5, 1878), opened
from Florence to Lyons. 78.77 miles, June 1, 1880 ;
and the Marlon and McPherson Extension RR. Co.
(chartered January 1, 1881). road opened, Lyons to
Elllnwood, 19.64 mll-s, Sept 4, 1881.
Wichita and Southwestern ....
Newton, Kan
Arkansas River
7". Id
Con solid atl"n. Oct. ft, 1884, of the Wichita and South-
Mulvane. Kan
Caldwell, Kan
40.06
western RR. Co. (chartered March 29, 1868), road
3edgwick, Kan
8 89
opened from Newton to Wichita, 2£ miles. May IS,
1872 : of the Crowley. Sumner and Fort Smith RR.
Co. (chartered Oct. 28 1878 1 road opened from Wi-
chita to Arkansas City, 68.61 miles, Jan. 1, 1880 ;
and from Mulvane to Caldwell, 40.05 miles June
18. 1880 ; and the Harvey County RR. Co. (•char-
tered Dec. 6, 1880V roail opened from Sedgwlck to
Halstead, 8.89 miles. June 13. 1880.
Pueblo and Arkansas Valley . . .
Kansas State Line . . .
South Pueblo, Col. ..
148 74
Kansas line to Granada 12 lines built by Colorado
"outh Pueblo, Col....
Rock vale, C"l
37.01
and New Mexico RR. C<v, chartered in 1873, and
La Junta, Col
New Mex. State Line
96.87
consolidate'! October 1,1876 Into present company,
which completed the main line to South Pueblo,
March 4, 1876 ; the New Mexico extension Dec. 7,
1878, and the Rockvllle extension Jan. 1. 1881.
New Mex. and Southern Pacific
New Mex. State Line
San Marcial, N. M. . .
863.97
Chartered In 1878 ; road opened to Las Vegas. 118.40
Lamy.N.M
Santa Fe, N. M
18.12
miles. July 4, 1879 ; to Albuquerque. 182.20 miles,
Apr. 16. 1880 ; to San Murclal. 103.57 miles, Oct. 1,
1880 ; Santa Fe Branch, Feb. 16. 1*80.
Rio Grande, Mexico & Pacific..
San Marcial, N. M. ..
Denning, N. M
129 04
Chartered In June, 1880 ; main line opened March
Rincon.N. M
Texas St ate Line ....
67.04
20, 1881 ; Texas Extension July l, 1881.
Silver City, Denning & Pacific.
Denning, N. M
811 ver City, N M
48 29
Rio Grande and El Paso
Texas State Line.
El Paso
20.16
Chartered in Nov., 1880 ; road opened July 1, 1881.
New Mexican
Socorro, N. M
Msgdalena, N. M
SO. 96
1881 : '• •' Jan. 1. 1888.
Nutt. N. M
Lake Valley, N. M...
13 31
" " " •' " Apr. 1, 1884.
San Antonio, N. M. . .
Carthage. N. M
9 64
" " " " " May 1, 1884.
jas Vegas. N. M. ...
Sot Springs, N. M...
6.34
" " •• " '• Apr. 9, 1882.
)lllon Junction, N.M.
Blossburu, N". M
a. 9'.
" " " " " Jan. 1, 1884.
Southern Kansas
.awrence, Kan
Coffeyville. Kan
148 33
Consolidation. April 16, 1886. of the Southern Kansas
,awrence June., Kan
Holllday. Kan
46.87
Ry. Co.. Kansas City & Emp«ria Ry. < ".. Kansas
Htawa. Kan
Jurlin'ton June., Kan
Jmporla. Kan
iurliimt n Kan
66 42
42.21
Southern Ry. Co., Harper & Western RR. Co.
First named was a consolidation ot numerous
Ilmnute. Kan
Trontenac, Kan. ...
61 0
other corporations which had previously built
Cherry vale. Kan
rfedlcine Lodge, Kan
181.54
many lines ; and the others were branch lines of
Wellington. Kan
lunnewell Kan
18 35
the system. (See below.)
Attica, Kan
Kiowa. Kan
22 41
ndian Territory
Extensions ..,
69.17
Chicago, Kansas and Western.
Mileage completed to December SI, 1886...
401.23
See below.
Total
4.927.08
The more important of the above lines have been acquired at various dates by purchase
of their stocks and assumption of their bonded debts ; the other lines were built and are wholly
owned by the Atchison, Topeka and Santa Fe KR. Co., which nominally leases them, paying
in lieu of rental the interest on their several bond issues.
Land Department, A., T. & S. F. RR. Co.— By act of Congress, March 8, 1863, accepted
by the Territory of Kansas, February 9, 1864, there was granted for this line in Kansas 10
sections (6,400 acres) of land per mile, or a total (after deductions) of 2,934,659.68 acres
all of which has been patented to the Co., less 1,866.12 acres reverted to United States
Government.
POOR S MANUAL— ATCHISON, TOFEKA AND SANTA FE RR. CO.
During the year 1886 there were sold 347,321.97 acres of land, at an average price of
$2.44 per acre, amounting to $848,880.24. Cancelled, 3,725.24 acres, representing $15,613.93-
On hand December 31, 1886, 1,390.68 acres. Receipts in 1886 : Cash sales, $795,936.02 ;
deferred payments, $626.070.37 ; miscellaneous, $481.98 — total receipts, $1,422,488.37. Ex-
penses : Salaries, office expenses, agents, etc., $11,886.87 ; agents' expenses, advertising, etc.,
$1,300.08 ; commissions on sales, rebates, and other arbitrary expenses, $78,492.12 ; taxes.
$7,495.96 — total, $99,175.03. Net income, applicable to the payment of interest and ex-
penses, etc., of the trusts and to the redemption of land bonds, $1,323,313.34.
From the organization of the land department to December 31, 1886, the sales have been
3,326,397.13 acres, for $12,718,190.18 ; being an average of $3.82 per acre. The cancellations
have amounted to 396,620.96 acres for $1,851,393.26 principal, and $556,450.17 interest. The
total cash receipts have been : From principal, $9,447,295.48 ; from interest, $1,480,456.43 ;
miscellaneous, $:J5,989.40— total, $10,963,741.31. Expenses, $1,625,870.54; taxes and tax
expenses, $1,175,832.28 ; paid to Boston office for interest on land bonds, redemption of land
bonds, and expenses of land trusts, $3,162,038.49.
Statement of bonded debt (issued, assumed or guaranteed) outstanding December 31, 1886:
DESCRIPTION op
MORTGAGES.
Miles.
ER.
Date of—
Annual Inte'st
Amonnt
Authorized.
Amount
Outstand-
ing.
Annual
Interest
Charge.
Pinking
Fund
Charge.
Issne.
Maturity.
Eate.
Payable
Bonds of the Atchison, Topeka and Santa Fe RR. Co.:
(1) First M ortgaEre Bonds
470.58
1869
July 1, 1899
7
(2) Consolidated Mortgage Bonds
1873
April 1, 1903
7
(3) Five per cent. Bonds *
1880
April 1, 1909
5
(4) Sink. Fund Five per cent Bonds. .
1S80
Sept. 1, 1920
5
(5) 4J p. c. Sinking Fund Bonds *
Oct. 1, 1920
4j
(6) 6 p. c. Sink. Fund Secured Bonds *
Dec. 1, 1911
6
(7) Land Grant Bonds. . .
Oct. 1, 1900
7
J. & J.
A. &O.
A. &O.
M. &S.
A. &O.
J. &D.
A. &O.
$15.000p.m.
7,500 p. m.
1,185,000
3,775,000
5,500,000
15,000,000
7,500 p. m".
$
7,041,000
108,500
1.007,000
3,519,000
4,687,000
12,142,000
$
492,870 00
7,59500
50,35000
175,950 00
210,915 00
728,520 00
$
32.600 00
38,00000
77,00000
122,00000
28,504,500
l,66li,2UO 00
269,60000
2,426,500
169,855 00
Bonds of Leased Roads (exclusive of those owned by Atchison Co.) on which interest is payabl6
by Atchison Co. as and for rental :
(8) C., Sum. & Ft. S. RR. 1st Mtge . . .
(9) Flor.,El. & W. V. RR. 1st Mtge. ...
(10) Kan. Cy., Emp. & S. RR. 1st Mtge.
(11) Kan. Cy.,Top. &W.RR. IstMtge.
(12) Kan. Cy., Top. & W. RR. Inc. ...
(13) Marion & McP. RR. 1st Mtge. . . .
(14) New Merc. & S. Pac. RR. IstMtge.
(15) P. & A. V. RR. 1st Mtge
199.75
72.73
84.27
66.32
66.32
98.61
372.09
27.28
1879
1877
1879
1875
1875
1879
1879
18751
1878 j
1872
Oct. 1, 1909
Aug. 1, 1907
July 1, 1909
July 1, 1905
Mar. 1, 1906
Oct. 1, 1909
April 1, 1909
July 1, 1905
July 1, 1902
7
7
7
7
7
7
7
7
7
A. &O.
A. &O.
J. & J.
J. & J.
M. &S.
A. &0.
A. &O.
J. & J.
J. & J.
8,000 p. m
10.000 p. m
8,000 p. m
13,000 p. m
4,600 p. m
7,000 p. m
15,000 p. m
14,000p.m.
15,000 p. m.
798.000
775,000
532,000
854,000
200,000
713.000
4,425,000
J 1.633 000
1 1,942000
412,000
55.8(50 00
£4,25000
37,2-10 00
59,780 00
14,000 00
49,910 00
309,750 00
114,31000
185.940 00
28,84000
(16) P. & A. V. RR. 1st Mtge
(17) Wich. & So. W'n RR. Co. 1st Mtg.
12,284,000
859,880 00
Bonds of Southern Kansas Railway System:
(J8) K. C., Lawr. & So. RR. 1st Mtge.
(J9) So'n Kan. & W'n RR. 1st Mtge..
(~0) Sumner County RR. 1st Mtge
(21) Ottawa & Burl'gton RR. 1st Mtge
(22) So'n Kan. RR., Gulf Div. 1st Mtg.
Bonds of other roads exclusive of those held by the Atchison Co. in its treasury:
185.0011879
139.00 1880
April 1, 1909
Jan. 1, 1910
6
7
A. &O.
J. & J.
1880
Sept. 1, 1910
7
M. &S.
1881
April 1, 1909
6
A. & O.
1886
Sept. 1, 1926
5
M. &S.
2.940,000
1,688,000
212.000
500,000
3,920,000
176,400 00
118,16000
14,84000
30,00000
196,000 00
31,036 57
9,90000
9,260,000
535,40000
40.936 57
(23) Leav..Top. & So. W'n Ry. Gen.
Mtge. Total issue, $1,380,000, prin.
& int. of $690.000 guar. by Atch. Co.
1882
July 1, 1912
4
J. & J.
690.000
27,60000
(24) Son. Ry.Co.(Ltd.) 1st Mtg.Int.guar
1880
Jan. 1, 1910
7
J. & J.
4,050,0(10
283,50000
(25) Chic., Kan. & W'n RR. 1st Mtge.
1886
June 1, 1926
5
J. &D.
4,480,000
224,000 00
(26) California Southern RR. 1st Mtge.
1886
Jan. 1, 1926
6
J. & J.
10,000 p. m.
2,000,000
120,000 00
25,00000
11,220,000
655,10000
25,00000
Bonds marked * are secured by mortgage of leased and auxiliary roads.
POOR'S MANUAL — ATCHI80N, TOPEKA AND SANTA FE RB. CO.
717
In the following statement are given the names of the trustees of the above bonds and
the places where interest is payable, the numbers in the margin corresponding with the
numbers of the several issues in the bond statement above, showing to what issue reference
is made in each case :
Trustee?.
Interest.
Where
Payable.
d
fc
Trustees.
Interest,
Where
Payable.
O. W. Peabody, Emmons Raymond.
F. H. Peabody, 8. L. Thorndike
New England Trust Co., Boston . .
S.L.Thorndike,N.Thayer,G.P.Gardner
Boston Safe Deposit and Trust C J
Boston Safe Deposit and Trust Co. ...
Thomas Nickerson, Geo. C. Lord
Warren Sawyer, Pliny Nickerson
Geo. C. Lord, Pliny Nickerson
No. Nat. Bank.
No. Nat. Bank
Bost'n Nat.B'k
Bost'n Nat.B'k
Trustees'Office
Nat.B'kofN.A
No. Nat. Bank
No. Nat Bank
Nat.B'kofN.A
No. Nat. Bank
Everett N. B'k
Everett N. B'k
No. Nat. Bank
14
i:>
10
17
is
ID
20
21
22
23
24
25
20
Warren Sawyer, Charles C. Burr
Isaac T.Burr.G. B, Wilbur, Aid. Hpcuri'
IsaacT.Burr, G. B.Wilbur,Ald. Spi-urr
O. W. Peabody, Emmons Raymond.
N. Thayer, F. Bartlett, J. H. Bluke .
N. Thayer, F. Bartlett, J. H. Blake..
N. Thayer, C. Men-lain, J. H. Blake.
Boston Safe Deposit and Trust Co.. .
A.F.Luke.J.CJ.Bennett, G. A.Nick'son
American Loan & Trust Co., Boston.
T. Nickernon, I. T. Burr
A.F.Luke,J. Q. Bennett,G.A.Nick'son
Boston Safe Deposit and Trust Co
Kv. Xat. Bank.
Nut.B'kol \..\
Nat.B'k of N. A
No. Nat. Bunk
Nut. 1 niouB'k
Nat. 1 HionB'k
Nat.riiion li'k
Nat. L nion B'k
Bost.Nat.Bank
Trastem'Offlee
Kev. Nat. Bank
Host. Nut. Bank
Mav. Nat. Bank
Cliarles C. Burr
F. H. Peabody
L. G. Pratt
G. B. Wilbur, S. S. Sleeper
1. Statement of Mileage and Equipment for fourteen years :
Tears
MILES OF RAILROAD.
TOTAL TRACK.
So-
nora
Sys-
tem.
Joint
Lines.
Loco-
motive
En-
gines.
CAB STOCK.
Main
Line.
Branches.
Southern
Kansas.
Total.
Laid with
Steel
Rails.
Laid with
Iron
Rails.
Pass
Train*
F'g't
Train-
Other
Total
Cars.
1873...
1874. . .
Ie75. . .
1876. . .
1877...
1878. . .
1879. . .
1880...
1881...
1882. . .
1883...
1884...
1885...
1880..
Miles.
469.60
469.60
470.10
470.10
470.58
470.58
470.58
470.58
470.58
470.58
470.58
470.58
470.58
470.58
Miles.
39.28
39.2b
241.53
241.51
315.42
398.16
696.98
1,216.7'5
1,319.09
1,349.89
1,349.89
1,397.18
1,397.56
1,424.92
Miles.
Miles.
508.88
Miles.
Miles.
541.80
541.80
744.03
744.13
&34.00
853.06
1,076.36
1,479.78
880.95
455.44
455.44
1,011.18
825.43
Miles.
Miles.
No.
38
38
38
59
61
80
121
157
251
348
349
377
378
390
No.
28
29
29
46
52
61
91
105
199
239
239
281
295
317
No.
753
771
755
1,097
1,115
1,806
2,898
5,2C5
8,796
9,371
9,371
10,096
10,383
10,895
No.
16
231
244
244
208
268
457
63
10
19
22
26
26
29
No.
797
1,031
1,028
1,387
1,375
2,135
3,44B
5,373
9,005
9.629
9,632
10,403
10,704
11,241
508.88
711.63
711.61
786.00
868.54
1,167.56
1,687.33
1,789.67
1,820.47
1,820.47
2,374.«9
2.396.94
2,525.80
' ' ' 6.66
22.00
71.66
149.49
282.69
1,065.68
1,700.00
1,700.00
1,758.19
1,971.51
"'bbe'.as'
528.80
630.30
95.66
350.19
350.19
350.19
350.19
350.19
56.62
102.92
102.92
102.92
147.85
192.08
The above statement is exclusive of the mileage of the Atlantic and Pacific, Gulf, Colo-
rado and Santa Fe, and California Southern lines, and of the new lines of the Chicago, Kan-
sas and Western, which had not been opened at close of 1886.
2. Abstract of General Balances, — A. — ASSETS.
YEAR.
Const'c'n
Equipm't
etc.
Perman't
Interest,
Branch
Lines.
Property
Leased
Hoads.
(contra.)
Securities
Invest-
ments,
etc.
Atlantic
and
Pacific
RR.
Cash
in
Trustees'
Hands.
California
Southern
RR.
Advances.
Cash
and
Cash
Assets.
Income
Balance.
Total
Assets.
1873
$
20069 000
$
$
$
8
$
S
S
$
$
20,069,000
23,437,500
24,058,465
24,232,351
24,428,570
25,399,274
30,588,883
51.9-Ki.657
80,943,201
91,918,718
95.032,133
122481366
12-;-425 851
145,032,444
1874...
1875...
1876...
1877. . .
1878. . .
1879...
1880. . .
1881...
1882. . .
1883...
1884. . .
1885...
1886...
23,437,500
23,355,546
23,439,772
23,447,810
23,854.000
25,065,300
26,866,326
32,402,636
36,641,672
37,850,681
48,943,706
52,005,584
54,071,498
99,72i
44,595
120,946
184,804
3,068,177
99,8i2
305,340
497,656
442,743
859,814
6,960
50,951
1,310,519
2,577,831
77,fiM
18,604,126
36,910,550
45,784,550
40,839,550
50,160,614
51,270,225
59,123,226
758,175
3,652,438
3,483,396
4,859.546
4,410,171
3,476,666
5,224,285
34,170
53,505
' :>oo,o66
1., X'3.21-1
2.<*IS,!tS2
3,069,057
238,049
181,OC.a
172,659
'"42.476
481680
75,052
5,439.812
7,793,070
5,836,441
4,582,406
5.3S2.1!tl
11,819,000
11,819.000
12,284,000
1,569,856
5.626,849
11,185,326
718 POOE'S MANUAL— ATCHISON, TOPEKA AND SANTA FE BE. CO.
3. Abstract of General Balances. — B. — LIABILITIES.
TEAK.
CAPITAL STOCK.
FUNDED DEBT.
Conting't
Liabilities
Branch
Lines.
Sundry,
Current
& Other
Accounts.
L'nd G'nt
Trust and
Funds.
Cancelled
Bonds &
Susp'ded
Accounts.
Income
Balance.
Total
Liabilit's.
A.T-&SF.
So. Kan.
A.T&S.F.
So. Kan.
1873. . .
1874...
1875. . .
1876...
1877...
1878. . .
1879. . .
1880...
1881...
1882...
$
8,615,000
8,615,000
8,615,000
8,615,000
8,615,000
8,615,000
12,634,400
24,891,000
47,744,175
56.913,250
$
$
11,454,000
$
$
$
$
$
$
9
20,069,000
23,437.500
24,058,465
24,232,351
24,428.570
25,399,274
30,.xM8,t.'83
51.940,657
80,943,201
91,918.718
122481,366
128-425851
145032'414
14.292,500
14,400,000
14,665,500
14,675,500
14,588,500
14,136,500
15,795,000
20,432,000
25,241,500
:::::.."::
530,000
965,228
838,028
1,003.558
1,351,891
1,737,289
2,721,440
4,235,920
3,243,878
3,171,482
4,171,241
4,491,987
6,875,734
38,237
118,823
134,512
769,128
2,080,694
8,049,700
6,067,627
5,232.345
5,754,479
6,883,641
7,387,825
8,127,141
74,755
373.665
1,422,033
2,143,039
3,441,521
4,531,913
483,517
2,463,479
914,740
1,883,889
2,465,795
2.951,968
3,053,106
1883...
1884...
1885...
1880...
56,913,250
56,913,250
56,913,^50
64,893,250
' 3',759',906
5,076,300
5,076,300
25,887,000
28,913,500
30,968,000
30,931,000
' 5,412',666
5.376,000
9,260,000
'll,819',66o
11,819,000
12,284,000
4. Traffic Operations.
TEAKS.
Miles
Railroad
Operated.
TRAIN MILEAGE.
Total
Engine
Mileage.
PASSENGER TRAFFIC.
FREIGHT TRAFFIC.
Passenger
Freight.
Pass'grs.
Movement.
Rates
Tons.
Movement.
Rates-
1873... .
1874...
1875... .
1876...
1877. . .
1878... .
1879... .
1880... .
1881 . .
Miles.
509.
509.
540.
711.
738.50
807.50
996.95
1,371.91
1,695.43
1,815.40
1.820.47
2,337.12
2,383.51
2,420.19
Miles.
258,820
197,181
285,944
592,554
601,040
602,840
783.754
1,275,762
1,541,694
2,020,657
1,802,489
2,536,132
2,952,608
3,079,253
Miles.
558,711
534,120
681,170
929,022
952,459
1,179,132
1,868,743
2,595,228
3,780,099
4,123,150
4,003,607
4,427,101
4,474,980
5,014,033
Miles.
863,776
796,946
1,104,478
1,733,596
1,533,499
2,121,935
3,365,432
5,338,849
7,349,331
8,867,462
7,737,638
•9,945,017
9,974,417
10,760,0a7
No.
78,764
69,659
72,942
133,727
165,318
217,105
314,301
381.322
501,863
725.926
790,644
1,502,485
1,849,577
1,787,015
Miles.
6,836,317
7,597,618
7,166,852
17,031,49J
22,008,549
31,921,869
Cents-
5.000
4.50
4.71
4.20
3.357
3.093
No.
156,033
186,312
252,383
325.6-.J9
372.084
611,086
802,121
953,701
1,166.483
1,475,149
1,754,385
2,725,191
2.602,056
2,938,364
Miles.
24,958,365
27.495,279
4li,244.9!K)
61,791,130
72,719,170
133.180,182
Cents
3.222
3.04
2.41
2.73
2.545
2.122
2.51
2.431
2.283
2.288
1.992
1.882
1.789
1.615
53,385,797
81,274,171
108,048,356
106,029,301
135,412,096
149,999,427
176,810,489
3.347
3.655
3.390
2.921
2.648
2.593
2.277
267,355,044
396,416,863
460.608,539
520,751,467
634,711,316
007,753,550
687,399,093
1882
1883
1884
1885... .
1886
5. Earnings, Expenses and Net Earnings.
GROSS TRAFFIC EARNINGS.
AVERAGE PER MILE OF RR.
Ex-
Operating
Net
penses
YEARS.
Expenses
Traffic
to
Pass-
and Taxes
Earnings.
Gross
Expenses
Net
Earn-
engers.
Freight.
Other.
Total.
Earnings .
and
Tuxes.
Earnings.
ings.
$
$
$
$
s
S
$
$
$
p. c.
1873...
345,674
805,557
65,536
1,216,761
785.660
431,101
2,390 49
1,543 53
846 96
04.58
1874
341,970
836,197
72,638
1,250,805
557,641
693,164
2,458 92
1,095 56
1,361 82
44.59
1875
337,263
1,110,749
66,347
1,520,358
698,750
321,608
2,779 45
1,393 99
1.421 49
45.96
1876
715,700
1,688,107
82,775
2,486,582
1,175,489
1,311,093
3,567 55
1,653 29
1,844 01
47.27
1877
738,930
1,853,248
86,928
2,679,106
1,322,685
1,356,421
3,027 77
1,791 05
1,836 72
49.20
1878
987.497
2,826,483
136.888
3,950,868
2,041,472
1.909,396
4,892 72
2,371 75
2,520 97
48.47
1879
1,353,231
4,883,435
144,777
6,381,443
2,926,475
3,454,968
6,400 96
2,974 82
3,4i6 14
46.49
1880
1,780,901
6,499,981
270,094
8,556,976
4,343,205
4,213,771
6,237 27
3,165 81
3,071 46
50.75
1881
2,970,608
9,051,623
562,277
12,584,508
8,037,826
4,546,682
7,442 61
4,734 97
2,687 64
63.87
1882
3,662,576
10,537,201
573,528
14,773.305
8,637,256
6,136,049
8,137 77
4,757 67
3,380 00
58.46
1883
3.097,121
10,374,012
646,215
14,117,348
6,748,218
7,369,130
7,754 78
3,706 85
4,047 93
47.80
1884
3,583,018
11.946,453
762,412
16,291,883
8,975,976
7,315,907
6,970 92
3,840 61
3,130 31
55.09
1885
3,889,411
10,873,621
708,303
15,571,395
8.314,968
7,256,427
6,532 97
3,488 54
3,044 43
53.40
1886
4,026,005
11,100,967
857,335
15,984,307
8,613,911
7,370,396
6,604 57
3,559 19
3,045 38
53.89
POOR'S MANUAL— ATCHISON, TOPEKA AND SANTA FE RB. CO.
6. Abstract of Income Account.
719
YEAB.
Net
Traffic
Earnings.
OTHER RECEIPTS.
Total
Receipts
Interest &
Divi-
dend.
Rentals.
Premium
and Ex-
change on
Bonds.
Sale of
Sundry
Sec'ritles.
Land
Accounts.
Miscella-
neous.
1875
S
821,608
$
*
9
$
I
1,529
$
1,315,363
1.356,421
].!l.->l.UH7
8,785,064
4,833,919
4.776.519
7.2H(i.:{0«
7,992,367
7,674,691
7,614,371
8,198,673
1876
1,811.098
1,856.421
4,270
1877
1878
1879
1,909.896
8,454,968
4,213,771
4,546,682
6,136,049
7,369,130
7,315,907
7,256,427
7,870,396
ii5,9i2
120,148
49,518
469,947
557,496
259,836
244.700
452,510
28,081
7,761
3,410
""22,i35
854
165,138
36,076
220
1880
1881
180,324
611,295
4,094
33,114
56,504
328,991
1882
63,015
61,647
28,488
28,012
33,785
1883
1884
37,846
28,728
12,991
1885
1886
YEAR.
PAYMENTS.
Balance,
+ or —
Balance
from last
year.
Balance as
per
General
Balance
Sheet.
Rentals
(Interest)
Leased
Lines.*
Losses
Leased
Lines.
Interest
and
Coupons.
Divi-
dends.
Miscella-
neous.
Total.
1875...
1876
1877
1878
$
82,531
25)5,404
279,921
401,268
836,772
864,273
774,740
8
'"14,656
62,814
18,303
$
643,933
728.514
873,511
816,705
795,446
734,526
866,663
1,361,511
1,553,106
2,000,825
2,100,853
2,175,312
$
$
103,688
170,662
18->,300
87,448
87,156
47,905
162,023
682,359
1,629,206
536,898
396,118
404,967
$
830,097
1,194,580
1,335,732
1,319,471
2,473,499
3,392,202
3,644,447
6,202,443
7,470,233
6,830,708
7,110,187
7,459,356
$
- 6,960
+ 120,7a3
+ 20.689
+ 634,616
+ 1,811,565
+ 941,717
+ 1,132,072
+• 1,077,863
+ 522,134
+ 843,983
+ 504,184
+ 739,317
$
6,960
113,823
134,512
769,128
2,OSO,6!«J
8.0*2,410
4.154,482
5,232,345
5,754.479
6,8b8,641
7,381,825
8,127,142
- 6,960
+ 113,823
+ 134,512
+ 769,128
+ 2,080,693
+ 3,022.410
+ 4,154,482
+ 5,282.345
+ 6,039.658
+ 6,883,641
+ 7,387,825
1879
691,311
1,727,195
1.841,021
3,324,793
8,414,567
3,414,737
3,414,786
3,738,478
1880
1881
1883
1883
1884
1885
1886
833,780
873,355
878,258
1,138,430
1,140,599
* Including interest on Sonora Ry. bonds.
In 1884 the discrepancy in the amount of surplus brought forward from the previous
year, is explained by the fact that $285,179 surplus of Southern Kansas Co. is included with
the surplus of the Atchison Co. for the first time.
MEMORANDUM OF STOCK INCREASES.
1879— In exchange for scrip, etc $145,200 00
To stockholders at par in order to provide an Equipment Fund 2,079,900 00
In exchange (at $ for $) for stock of K. C., T. & W. RR. Co 1,794,300 00-$4,019,400 00
1880— In exchange for Consolidated Mortgage Bonds" 8,257,500 00
In exchange for stock of K. C., T. & W. RR. Co 281,50000
In exchange for stock of P. & A. V. RR. Co » 2,780,40000
In exchange for stock of N. M. & S. P. RR. Co ...... 8,476,60000
In exchange for stock of P., H. & D. S. RR. Co 198,500 00
In exchange for stock of F., E. & W. V. RR. Co 24,70000
To stockholders issued at par for cash (under Circular 53) 2,242,400 00— 12,256,600 00
1881— In exchange for Consolidated Mortgage Bonds 133,500 00
In exchange for stock of W. & S. W. RR. Co 149,90000
To stockholders issued at par for cash under (Circular 54) 6,267,400 00
Distributed to stockholders 15,692,10000-22,242,90000
1882— In exchange for Consolidated Mortgage Bonds
To stockholders issued at par for cash (under Circular 55) 4,'712,IJOO 00
Distributed to stockholders 2,356,800 OC
Fractional Certificates
For $5,248,000 stock and $57,000 bonds of Sonora RR. Co 2,681 ,000
1886-In exchange for stock of G., C. & S. F6 Ry. Co 4,540,00000
Placed in escrow on account of the Gulf purchase 3,440,000 00— 7,980,000 00
720
POOR S MANUAL — ATCHISON, TOPEKA AND SANTA FE BB. CO.
Statement showing account of bonds of the several classes outstanding at the close of each year
for eight years, 1879 to 1886 inclusive :
RAILROADS.
1879
1880
1881
1882
1883
1884
1885
1886
First Mortgage Bonds
7,041,000
7,041,000
7,041,000
7,041,000
7,041,000
7,041,000
7,041,000
7,041,000
Consolidated Mortgage Bonds
3,500,000
242,5011
109,000
108500
108 500
108,500
108,500
108,500
Five per cent. Bonds
Sinking Fund Five per cent. Bonds
1,173,000
3,743,000
1,140,000
3,106,000
1,123,000
3 669 000
1,096,000
3,631 000
1,068,000
3 594 000
1,038,000
3 557 000
1,007,000
3.519000
Sinkin" Fund 4i per cent. Bonds ....
5,073,000
4 9% 000
4,919,000
4,841 000
4.764 000
4.fi,x7.(X>0
Sinkin" Fund 6 p. c. Secured Bonds.
4 950 000
6,385,000
9,635,000
12,ni3,000
12.142.000
Land Grant Bonds
3,115,500
3,115,500
2,915,500
2,915.500
2,706,500
2,626,000
2,446,500
2.426.500
Land Income Bonds
480,OOJ
480,000
438,500
438 500
C Sum. & Ft. Scott RR., 1st Mtge.. .
978,000
566,000
798,000
798,000
798,000
798,000
798.000
Flor , El & W. V. RR., 1st Mtge. . . .
310,000
310,000
310000
310000
310,000
310000
775,000
PI Hill and De Soto RR., 1st Mtge.. .
130,000
120.000
120 000
120,000
Kan. Cy., Emp. & S. RR., 1st Mtge. .
532,000
514,000
532,000
532,000
532,000
532,uOO
532.000
Kan Cy Top & W RR 1st Mtge
854,000
854000
854 000
854 000
954 000
854 000
854000
Kan. Cy., Top. & W. RR., Inc
200,000
200,000
200,000
200,000
200,000
200,000
200,000
Kan. Cy., T. & S. Fe RR.. 7 p. c. Bds.
2,318,800
Marion and McP. RR., 1st Mtge
604,000
372,000
713000
713,000
713,000
713,000
713,000
N Mex. & S. Pacific RR., 1st Mtge...
4.425.000
4,425,000
4,425,000
4,425,000
4,425,000
4,425,000
4.42o.dOO
N. Mex. & S. Pac. RR., 7 p. c. Bonds.
1,185,000
P & A. V. RR., 1st Mtge. (1875).. 1
1,633,000
1.633,000
1 633 000
1,633.000
1,633,000
1,633,000
1,633,000
P & A. V. RR., 1st Mtge. (1878).. f
1,942,000
1,942,000
1,942,000
1,942,000
1,942,000
1,942.000
]. 942.000
Wich & So Wn. RR. Co , 1st Mtge
412,000
412,000
412 000
412 000
418,000
412000
412,000
Kan. C., Lawrence & So. RR., l*t Mtge
So'n Kan. and Wn RR., 1st Mtge
2,940.000
1,796.000
2,940,000
1,769,000
2.940,000
1.742,000
2,940,000
1,715.000
2.940.000
l.fWX.iiOO
Sumner County RR., 1st Mtge ....
248000
239 000
230,000
221.000
212.000
Ottawa and Burlin°rton RR., 1st Mtge.
500,000
500,000
500,000
500,000
500,000
Southern Kansas Ry. Co., let Mtge., /
3,920,000
Prin. and Int. guar. by Atch. Co. f
Leav., Top.&So.Wn. Ry.Gen.Mtge. 1
Total issue, $1,380.000. i prin. and >•
690,000
690,000
690,000
690,000
690,000
int guar. by Atch. Co. . . )
Chicago, Kan. and Western RR. 1st I
4,480,000
California Soutnern RR., 1st Mtge., t
2,000,000
Son. Ry. Co. (Ltd.), 1st Mtge., In. guar.
4,107,000
4,050,000
4,050,000
4,050,000
4,050,000
Total
14,136,500
31,128,800
31,780,000
47,461,500
48,014,000
50,884,500
52,903,000
63,695,000
Statement of dividends paid by the A., T. & S. Fe RR. Co. since its organization :
Aug. 15, 1879, 3 p. c.
Feb. 2, 1880, 3 p. c.
May 25, 1880, li p. c.
July 24, 1880, 2 p. c.
Nov. 15, 1880, 2 p. c.
Feb. 15, 1881, 2 p. c.
May 16, 1881, 2 p. c.
Aug. 15, 1881, 2 p. c.
*Jan. 1, 1882, 50 p. c.
Feb. 15, 1882, 1* p. c.
May 15, 1882, H p. c.
Aug. 15, 1882, li p. c.
Nov. 15, 1882, li P- c
Feb. 15, 1883, H P- c
May 15, 18^3, li p. c
Aug. 15, 18S3, H p. c
Nov. 15, 1883, li p. c
Feb. 15, 1884, li p. c
May 15, 1884, li p. c.
Aug. 15, 1884, li p. C.
Nov. 15, 1884, li p. c.
Feb. 15, 1885, li p. c.
May 16, 18S5, li p. c.
Aug. 15, 1885, li p. c.
Nov. 15, 1885, li p. c
Feb. 15, 1886, li p. c
May 15, 1886, li p. c
Aug. 16, 1886, li p. c
Nov. 15, 1886. li p. c
Feb. 15, 1887, li p. c
* Stock dividend.
Construction Expenditures. — During 1886 there were expended for additions and im-
provements to Atchison and Southern Kansas roads, and charged to their respective con-
struction accounts, various sums aggregating $482,638.61. For real estate and permanent
improvements on auxiliary roads the following expenditures, amounting in all to $398,666.40,
were made and charged to accounts of the roads named :
Kansas City Topeka and Western RR $9,395 86
Kansas City, Emporia and Southern Ry 10,807 55
Leavenworth, Topeka and Southwestern Ry. 2,035 76
New Mexican RR 2C,169 94
New Mexico and Arizona RR 4,145 49
New Mexico and Southern Pacific RR 125,288 01
Pueblo and Arkansas Valley RR 40,358 26
Rio Grande, Mexico and Pacific RR $55,086 94
Rio Grande and El Paso RR 29,214 55
Silver City, Demin? and Pacific RR 12.820 70
Wichita and Southwestern Railway 11,16889
Marion and Me Pherson Ry 4,91149
So. Kansas Ry., roads built in 1883 and 1884. . 73,262 96
In adding to the construction accounts of the Atchison and its auxiliary roads, no devia-
tion has been made from the practice adopted in previous years of charging to construction
such additions and improvements only as have been of au important and permanent charac-
ter, including purchases of real estate and right of way.
POOR'S MANUAL — ATCHISON, TOPEKA AND SANTA FE RR. CO.
721
Construction expenditures during the year for building new roads commenced in 1885
and 1880, charged to the accounts of these roads :
Chicago, Kansas and Western Lines $5,810,406 95
Florence, Eldorado and Walnut Valley RR., Winfield Extension 229,935 60
Kansas City, Ernporia and Southern Ry., Howard Extension 97,223 70
Southern Kansas Ry., Qirard Extension 71,450 14
Southern Kansas Ry., Harper and Western Extensions 68,033 11
Southern Kansas Ry., Indian Territory Extensions 1,370,529 59
Southern Kansas Ry. of Texas 2,964 34
Total $7,650,543 43
Other Expenditures :
Kansas City Belt Railway $92,589 49
Las Vegas Hot Springs Hotel and Bath Houses 28,929 00
Total $121,518 49
Total of all expenditures above enumerated $8,653,366 93
Statement showing the interest of the Atchison, Topeka and Santa Fe RR. Co. in the
companies outside of its own systems, and the result of their operations in 1886 :
NAMES OF RAILROADS.
Miles
Capital Stock.
Bonded Debt.
Gross
Earnings
Oper-
ating
Expnses
Net
Earnings.
Interest
on
Bonds,
etc.
Profit or
Loss to
AtchlsonCo.
Total.
Owned
by A. Co.
Total.
Owned
by A Co.
87.78
262 41
40 80
66 62
41.93
498.04
$
8,082 000
6.248,000
1,380000
1,000.000
460,000
•
3682000
6.218 WO
660,900
448,060
226.000
I
3,263,000
6,248 000
1,880,000
878,000
780,000
1
8,263,000
1,098,000
164.069 6'2
228.874 16
68,4% 17
6U64I 79
166,751 76
1
146,442 07
217, «!•< 11
85,883 78
01,: 21 «6
77,667 «7
i
8,617 46
9,066 06
D. 17,887 61
//. 10,679 87
78,214 08
1
P 8 617 46
/. 274,448 96
L 36,293 80
/, 6,339 93
L 6,906 21
283,600 00
66,SOO 00
Leavenworth, Topeka and 3 W.
Manhattan, Alma and Burling...
Wichita and Western
Totals
319,000
90
11,780,000
10,074,660
11,299,000
4,700,000
666,063 89
688,233 19
67,820 10
366,112 26
L. (13,365 46
GENERAL SUMMARY. Net profit, Atchison and Southern Kansas systems, as shown
elsewhere, $1,361,756.80. Deduct net losses on other lines as above, $313,365.45 — net profit
for the year on all lines, $1,048,391.35. From this amount there has been charged to the
income accounts of the Atchison and Southern Kansas Cos. in 1886 for sinking funds, $311,-
340, leaving net profit, $737,051.35. Add net receipts from land sales, $1,126,652.11— net
surplus for the year, $1,863,703.46.
NEW COLLATERAL TRUST BONDS. — Since the close of the fiscal year the company has
made provision for an issue of $13,000,000 collateral trust 5 per cent. 50-year bonds, the
proceeds of which are to be used in the construction or acquirement and extension of branches
and connecting lines in Southern California and in Colorada (one of the most important in
the latter State will be the extension to Colorado Springs and Denver). These bonds will
be secured by a deposit of the bonds of the auxiliary companies. The Atchison will own
all the stocks of these companies.
These bonds were offered in February, 1887, simultaneously with the new issue of Chi-
cago, Kansas and Western bonds referred to under that head to Atchison stockholders in
blocks of $1,000 collateral trust, $1,000 Chicago, Kansas and Western firsts, and $500 C., K.
& W. incomes for $2,000 cash.
Total amount of stock authorized, $68,000,000 ; par, $100. Dividends payable quar-
terly (see dividend statement) ; declared at the regular meeting of the directors in the
month preceding that in which dividend is payable. Books close about one month prior to
date of dividend payment and remain closed 10 days. Dividends payable at company's office,
Boston, National Bank of Commerce, New York, and Merchants' Loan and Trust Co.,
Chicago. Transfer Agents, A. A. Glasier, 95 Milk Street, Boston, National Bank of Com-
merce, New York, and Merchants' Loan and Trust Co., Chicago.
Annual meeting held in Topeka Thursday next succeeding first Monday in May ; books
close 30 days prior thereto and reopen day after. Stock must have been transferred prior to
closing of books to entitle holder to vote.
46
722
POORS MANUAL OF RAILROADS.
Consolidated mortgage 7 per cent, bonds of the Atchison, Topeka and Santa Fe RR. Co.
are convertible into stock at par.
Capital stock listed on Stock Exchanges in Boston and New York; all issues of bonds of
the Atchison and auxiliary companies on Boston Exchange and 4i per cent, and 6 per cent,
bonds on the London and New York Exchanges.
RAILROADS OWNED OK CONTROLLED BY THE ATCHISON, TOPEKA AND SANTA FE RR. Co.
ATLANTIC AND PACIFIC RAILROAD.— In the MANUAL for 1886 a full statement of the rela-
tions of the Atchison Company with the Atlantic and Pacific and the St. Louis and Sim Francisco RR. Cos. was
given. During 1«86 anew 50-year 4 per cent, hond was issued by_ the Atlantic and Pacific RR. Co., replacing its
old 6 per cent bonds, and the principal and interest on this new issue is guaranteed jointly by the Atchison and
the St. Louis and San Francisco Companies.
CALIFORNIA SOUTHERN RAILROAD.— An extension of this road, from Bernardino to Bar-
stow, on theMojave-Needles Hue, huilt under an agreement with the Atchison company, was completed November
9, 1885. This completes the through line from the Missouri to the Pacific coast at San Diego, about 1,870 miles,
under the control of the Atchison, Topeka and Santa Fe RR. Co. In consideration of the construction of this
line the Atchison received one-half of all the capital stock and first mortgage bonds of the California Southern
Company. The Atchison guaranteed the bonds (which are only at the rate of $10,000 per mile), and thereby was
enabled to sell them at a premium ; and the capital stock which it received and still holds in its treasury repre-
sented at date of report a market value of $1,500,000.
CHICAGO EXTENSION.— During the past year control has been acquired of certain lines and charters
under which the Atchison Company is now constructing, and proposes to complete before the end of 1887, an in-
dependent connecting line from Kansas City to Chicago, a distance of 450 miles, which it is claimed will be 40
miles shorter than any line now in existence between those two points. To provide the mean* for this work
bonds of the corporation (Chicago, Santa Fe and California Ry. Co.) to the amount of $15,000,000 were issued
simultaneously in London, New York and Boston, in January, 1887. These bonds bear interest at the rate of 5
per cent., payable semi-annually on the first days of January and July, in Boston or New York, or at office of
Baring Bros. & Co., London, at the exchange of the day ; are guaranteed principal and interest by the Atchison •
are gold coupon bonds with provision for registration of principal (but not of coupons) and of conversion of
coupon bonds in sums of $5,000 or multiples thereof into registered certificates without coupons ; and are secured
by a first mortgage on the entire road subject only to outstanding prior lien bonds to the amount of $1,500.000,
for retirement of which an amount corresponding in value of the new securities will be set aside. In considera-
tion of its guarantee of these bonds, the Atchison is to receive the entire issue of stock of this company, $30,000,
000 in amount. (See statement for Chicago, Santa Fe and California Ry. Co., page 407.)
CHICAGO, KANSAS AND WESTERN RAILROAD.— In 1886 the Atchison Company acquired
control of the charter of certain companies authorized to construct 450 miles of railroad in Kansas, and on May 31,
1886, these several corporations were consolidated under the name of Chicago, Kansas and Western RR. Co. The
cost of building these roads is estimated at $14,000 per mile, or $6,300,000, of which $700,000 is expected from local
aid. The Atchison Company agreed to build and equip these 450 miles of road in consideration of receiving the
entire issue, $14,000 per mile of first mortgage bonds, $7,000 per mile of incomes, and the full paid up capital stock
to an amount not exceeding $10,000 per mile. It was also agreed by the Atchison and the Southern Kansas to
operate the new lines under favorable leases which will provide that in addition to prorating on all freight and
passenger business'that originates or terminates on the new lines, they will pay over yearly to the Chicago, Kansas
and Western RR. Co. a rebate not exceeding ten per cent, in any one year, of their gross earnings on such inter-
change business so long as may be necessary to enable the Chicago, Kansas and Western RR. Co. to pay the full
interest on first mortgage and income bonds. The first mortgage bonds run for 40 years, interest 5 per cent., pay-
able half-yearly, principal and interest payable in gold. The income run,* for 40 years, interest not exceeding six
per cent., if earm-d, non-cumulative. The stock is held in the treasury as an investment : the bonds were offered
pro rata to Atchison stockholders at the rate of $1,000 firsts and $500 incomes for $1,000 cash. During the past
year the work of construction was]actively pushed forward, and at the close of the fiscal year 401.23 miles had been
completed, as shown above. Only a small portion of this mileage was operated during the year, and the .earnings
have been credited to construction account of the road. For other information in reference to this line— descrip-
tion of bonds, etc., etc. — see statement of Atchison, Topeka and Santa Fe RR. Co. above.
In February, 1887 (since close of fiscal year), announcement was made of an additional issue of first mortgage
and income bonds to provide the means for further extensions to be built in Kansas during 1887. These latter
bond are to be issued at same rates and secured in same manner as first issue above referred to.
GULF, COLORADO AND SANTA FE RAILWAY.-In May, 1886, control of this corporation
was secured by an exchange of stocks, dollar for dollar. The mileage of this company's system completed and
under construction comprised 1,000 miles, which was purchased by the Atchison company for $8,000 per mile iu
Atchison stock, subject to outstanding bonds at the rate of $17,000 per mile. The total amouut of stock out-
standing in exchange tor which new Atchison stock has been issued, was $4,540,000, and $3,440,000 was placed in
escrow with the Farmers' Loan and Trust Co. of New York, to be delivered after January 1, 1887, in exchange for
new stock, which was to be issued by the Gulf, Colorado and Santa Fe RR. Co., to represent its increased' mile-
age, this later issue making the entire issue of $8,000,000 and confirming absolutely the ownership of the Gulf
lines by the Atchison company.
SONORA SYSTEM.— This system comprises the lines of the New Mexico and Arizona RR. Co., 87.78
miles, and the Sonora Ry. Co., 262.41 miles, forming a through line from Benson, Ariz., on the Southern Pacific
RR., to Guaymas, on Gulf of California, State of Sonora. Mexico -total length, 350.19 miles. These lines were
built and opened in 1882. From Rincpn on the Rio Grande, Mexico and Pacific branch, the Atchison company
began in 1880 the construction of a line southwest toward the projected Sonora System. On March 6, 1SS1, it
was completed to Doming, a distance of 53 miles, connecting at that point with the Southern Pacific System. It
was intended to continue the line further west to a direct connection with the Sonora System, but a satisfactory
proposition having been made by the Southern Pacific RR. Co. for the joint use of its track from Doming to Ben-
son, 174 miles, that project was temporarily abandoned. Control of this system was acquired by the Atchison
Company at the time of its construction by the purchase of the entire capital stock of the Sonora Ry. Co., amount-
ing to $5,248,000 at a cost of $2,624,000, the Atchison also guaranteeing interest on its bonds. The cost of con-
structing the New Mexico and Arizona was advanced by the Atchison Company. (For further information, see
statement for Sonora RR. Co.)
SOUTHERN KANSAS RAILWAY.— The original corporation out of which has grown the present
Southern Kansas system, was the Leavenworth, Lawrence and Fort Gibson RR. Co., the name of which was
changed February 24, 1866, to Leavenworth, Lawrence and Galveston RR. Co. By this company the line from
Lawrence to Coffeyville was built and opened August 28, 1871. Sold under foreclosure August 9, 1*78 ; reorgan-
ized as Lawrence and Galveston RR. Co., and consolidated April 1, 187U, with the Kansas City aud Santa Fe RR.
POOR'S MANUAL OP RAILROADS. 723
Co. (a corporation organized March 25, 18H8, and road from Ottawa to Olathe, 82 miles, opened in 1871, and leased
from opening to the L., L. & G. RK. Co.), and the Southern Kansas I;l!. CD . «-ur]>nrat.- nwiii-r of a 1 0-mile
branch from Cherryvale to Independence, built in 1870), the consolidated orL'mii/.-iticm taking tlir nnim; Kansas
City, Lawrence and Southern UK. Co. After (hi- reorganization wan pi-rfci-trd. ;in extension of the Cherryvale-
Independence branch was built and opened through to Harper. 1 IH.N-.> mile- from ('hern-vale. September 90. 1«80,
with a branch (built under the charter of the Sunnier County Kit. Co.). running,' from Wellington, south to the
Indian Territory line, at Hunnewell. 18.35 miles, which was opened .June 10, l&sO. Both these lines were oper-
ated under leases until the consolidation of their corporate organizations with the parent compuny, which was
effected December 16, 1880, under the name of Kansas City, Lawrence and Southern Kansas RK. Co. With this
latter corporation was consolidated July 16, 1883, two linen till then operated under lease by it— the Ottawa and
Burlington extending from near Ottawa. Kan., to Burlington, Kan., 46 miles (chartered an Kansas City, Uurlin^-
ton and Santa Fe, February 4, 1870 ; road opened March 28, 1878 ; sold under foreclosure .January 17, 1881, and
leased, after reorganization, to the Kansas City, Lawrence and Southern Kmisas Hit. Co., by which company its
bonds were guaranteed, principal and interest), and the Kansas City and Olathe, from Olathe to Halliday, Kan.,
14.10 miles, opened in 1882, ana also leased to the Kansas City, Lawrence and Southern Kansas RR. Co., the title
of the consolidated corporation being Southern Kansas Ry. Co. During 1883 and 1884 brunch lines of this com-
pany were built as follows : By the Kansas City and Emporia RR. Co., chartered December 11, 1880, from Ottawa
to Emporia, 56.42 miles, opened February 1, 1884 ; by the Kansas Southern Ry. Co., chartered February 15, 1884,
from Chanute to Girard. 39.93 miles, opened January 1, 1881; by the Harper and Western RR. Co., chartered July
1, 1884, from Harper to Attica, 11.46 miles, opened November 10, 1884. The lines thus built were operated in their
completion by the Southern Kansas Ry. Co., and were formally consolidated with and merged into that company's
system April 16, 1885, the consolidated company retaining the title The Southern Kansas Ry. Co. Since that con-
solidation extensions of the Harper and Western from Attica southwest to Kiowa, 22.41 miles, and from Attica
west to Medicine Lodge, 21.26 miles, have been completed and were opened on August 6, 1885, and January 11,
1886, respectively.
The Atchison, Topeka and Santa Fe RR. Co.'s control of this corporation was obtained in 1879, through the
purchase in that year of the entire capital stock of the consolidated Kansas City, Lawrence and Southern Kansas
RR. Co. at par, the Atchison issuing in payment therefor its 5 per cent. 40 year bonds, dollar for dollar, to the
amount of $3,743.000. This purchase was made nominally by the Kansas City, Topeka and Western RR. Co.,
one of the proprietary corporations of the Atchison, and bonds of that company are deposited as security for the
Atchison 5 per cent, bonds above mentioned.
Under authority of an Act of Congress passed in July, 1884, the Southern Kansas Ry, Co. is building a line
of road, running from Arkansas City southerly through the Indian Territory in the Direction of Denison and
Fort Worth, Texas ; also a branch from Kiowa, on the southern boundary of Kansis. southwesterly in the direc-
tion of Wolf Creek and the Pan-Handle of Texas — the portion of the latter line within the State of Texas being
built under the charter of the Southern Kansas Ry. Co. of Texas. The total length of these two lines is about
350 miles, and their estimated cost $16,000 per mile, to provide the means for which there have been issued new
first mortgage bonds, limited in issue to $16,000 per mile, and secured respectively on the new lines to be built.
These bonds are guaranteed, principal and interest, by the Atchinson, Topeka and Santa Fe RR. Co., to bond
statement of which reference should be made for description in detail. To stockholders of the Atchison com-
Eany was offered the privilege of subscribing I'or these bonds at the rate of $1,000 for each 100 shares of stock
eld, each subscriber to the amount of $1,000 to receive $700 guaranteed bonds of the Southern Kansas Ry. Co.,
and §300 guaranteed bonds of the Southern Kansas Ry. Co. or Texas, and in addition $250 income 40-year 6 per
cent, bonds of the Southern Kansas Ry. Co., interest, if earned, non-cumulative, the entire issue of incomes be-
ing limited to $4,000 per mile. The main line will connect with the Gulf, Colorado, and Santa Fe, authorized by
Congress to extend its line northerly for that purpose, and both will form a continuous line between Leavenworth,
Kansas City and Galvestou.
The construction of these lines has been in progress during the past year. On January 11, 1886, the line
from Kiowa in the direction of the Texas Pan-Handle was completed and opened to Kiowa, on the Indian Terri-
tory "line, 22.41 miles, and at the close of 1886 a further distance of 69.17 miles within the Indian Territory. The
entire line from Kiowa into Carson County in the Pan-Handle, 217 miles, is to be completed and opened during
the summer of 1887. Upon the line south toward Galveston tracklaying had been completed at close of the year
to a point about 60 miles south of Arkansas City, but none of the line had been brought into operation at that
time. On April 26, 1887, a connection was made with the Gulf, Colorado and Santa Fe extension at Purcell on
the Canadian River, and through trains to Galveston began running in June, 1887.
On the 1st February, 1884, the Southern Kansas System was brought into direct connection with the main
line of the Atchison at Emporia by the completion of the Kansas City and Emporia Railroad (56.42 miles); and
the two systems became so interwoven with each other (as will be seen from the map of the company's roads in
Kansas annexed to this report) that, for the year 1884, it was considered desirable to publish the monthly earn-
ings and expenses of the two systems as one property, and the following statements relate to the two systems
accordingly. For operations of other linea-see statements for the several companies.
Board of Directors A., T. & Santa Fe RR. Co., elected May 5, 1887.
Isaac T. Burr Boston, Mass. I George Sealy Galveston, Tex.
B P. Cheney Boston, Mass. | A. W. Nickerson Boston, Mass.
C. R. Cod man.... Boston, Mass. | E. B. Purcell Manhattan, Kan.
C. K. Holliday Topeka, Kan. | Warren Sawyer Boston, Mass.
L. Severy Reading, Kan.
George O. Shattuck... Boston. M;i-s.
Alden Speare Boston , M a s s .
Wm. B. Strong Boston, Mass.
W. F. Wharton Boston, Mass.
WILLIAM B. STRONG, President Boston, Mass.
C. W. Smith, 1st Vice- President and Chief Engineer Topeka, Kan.
Secretary and Treasurer— -E. Wilder. . . .Topeka, Kan. I Gen. Manager— 3. F. Goddard Topeka, Kan.
Comptroller and General Auditor— Jaw P. Whitehead Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Topeka, Kan.
Financial Office No. 95 Milk Street, Boston, Mass.
ARKANSAS AND LOUISIANA RAILWAY COMPANY.
Line of Road.— Hope, Ark. , to Nashville, Ark .- 27 miles.
Sidings, etc., 1 mile. Gauge, 4 ft. 8| in. Rail (steel, 9 miles), 60 Ibs.
History. Chartered in 1876 as Washington and Hope RR. Co.; road opened from Hope
to Washington, 10 miles, September 1, 1879. Charter amended and present name adopted
October, 1881. It is proposed to extend the road to Fort Smith, Ark., and to Alexandria, La.
724 POOR'S MANUAL OF RAILROADS.
The total length, when completed, will be about 350 miles. The road was originally built
with wooden rails, but was laid with iron in 1880. During the year 1882 the gauge of the
road was changed to standard with ; extended to Ozan, October 1, 1883 ; to Nashville, Octo-
ber 1,1884. fc
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 2 ; freight (platform), 4 ;
others, 4 — total, 10. Two of these locomotives are held through car trust. Other rolling
stock used belongs to Missouri Pacific Ry. Co.
Operations for year ending December 31, 1886. — Earnings — passenger, $16,630.50 ;
freight, $38,777.85 ; mail, express, etc., $4,866.56— total, $60,274.91. Expenses, $18,737.52.
Net earnings, $41,537.39.
Financial Statement, December 31, 1884 (latest furnished). — Capital stock authorized,
$20,000 per mile ; funded debt, 1st mortgage 5 per cent. 30-year bonds, dated July 1, 1883,
authorized, $15,000 per mile. Only a part of the stock has been issued for the miles con-
structed, and none of the bonds have yet been certified.
Directors (elected January 1, 1887). — J. K. Jones, Washington, D. C.; A. B. Williams,
R. B. Williams, W. H. Carruth, J. D. Conway, W. P. Hart, H. B. Holman, J. J. Thomas, J.
C. Ware, H. H. Wheless, Washington, Ark.
W. H. CARKTJTH, President and Treasurer Washington, Ark.
Secretary— R. B. Williams Washington, Ark. | General Manager— J . D. Beardeley. . .Washington, Ark.
PRINCIPAL OFFICE AND ADDBESS Washington, Ark.
ARKANSAS MIDLAND RAILROAD COMPANY.
Line of Road. — Helena, Ark., to Little Rock, Ark 102 miles.
In operation : Helena to Clarendon 50 miles-
Sidings, and other tracks, 2.4 miles. Gauge, 3 ft. Rail (steel, 5 miles), 35 and 40 Ibs.
History. — Chartered as Arkansas Central November 7, 1853 ; road opened in 1871. The
company received State aid bonds to the extent of $15,000 per mile. Sold under foreclosure
June 9, 1877 ; present company organized May 15, 1878.
Rolling' Stock. — Locomotive engine?, 3. Cars — passenger, 3; baggage, mail and express,
1; freight (box), 10 ; caboose, 1 ; others, 26 — total, 41.
Operations for year ending December 31, 1885. — Traffic statistics not reported. Earn-
ings—passenger, $13,510.95 ; freight, $35,086.20 ; mail, $2,431.68 ; other, $922.50— total,
$51,951.33. Operating expenses— maintenance of way, $27,443.48 ; transportation, $27,-
828.09; rolling stock, $504.27— total, $55,775.84. Deficit, $3,824.51.
Financial Statement, January 1, 1882 (latest furnished).— Capital stock, $1,500,000;
bills payable, $12,500 ; profit and loss, $92,800— total, $1,605,300. Contra: Cost of road (in
stock), $1,500,000 ; rolling stock, $41,800 ; real estate, $28,000 ; materials and fuel, $5,500 ;
other property and assets, $20,000; cash, $10,000— total, $1,605,300.
Directors, elected January (second Monday), 1885. — A. H. Johnson, J. J. Horner, S. H.
Homer, J. B. Johnson, W. E. Moore N. Straub, S. I. Clark, G. D. Jaquess, J. C. Palmer,
Helena, Ark.
A. H. JOHNSON, President and General Manager Helena, Ark.
Vice- President— John J. Horner Helena, Ark. Secretary— S. H. Horner Helena, Ark.
Treasurer— E. C. Horner Helena, Ark. General Superintendent— J . B. Johnson.. .Helena, Ark.
PRINCIPAL OFFICE AND ADDRESS Helena, Ark.
ATLANTIC AND PACIFIC RAILROAD COMPANY.
Lines of Road completed and in operation December 31, 1886 :
Central Division : Seneca, Mo., to Sapulpa, Indian Territory 112.05 miles.
Western Division: A. & P. Juuct'n, near Albuquerque, to Colorado River, N. M. 559.61 miles.
Branch W. Div.: Gallup Junction to Coal Banks 3.90 miles.
Leased Lines operated in connection with Western Division :
Atchisen, Topeka and Santa Fe RR.: A. & P. June, to Albuquerque, N. M. 12.69 miles.
Southern Pacific RR.: Colorado River to Mojave 242.80 miles.
Total length of all completed, owned and leased lines December 31, 1886. .931.05 miles.
POOR'S MANUAL — ATLANTIC AND PACIFIC RB. CO.
725
(Of which, Central Division, 112.05 miles' is operated by the St. L. &S. F. Ry. Co., and
the remainder, 819 miles, by the A., T. & S. Fe RR. Co.) Sidings, etc., Western Div., 66.2
miles ; Cent. Div., 7.55 miles. Gauge, 4 ft. 8* in. Rail (steel), 56 Ibs.
History.— This company was chartered July 27, 1866, for the purpose of constructing a
railroad from Springfield, Missouri, to the Pacific Ocean, on what is known as the 35th par-
allel, a distance of about 2,000 miles. To aid in its construction the Government of the United
States made a grant of 12,800 acres of public lands per mile of road constructed in the
States, and 25,600 acres per mile in the territories. Of this grant 936,169.51 acres have
been patented. To provide the means for the construction of this portion of the line,
first mortgage land grant bonds, at rate of not exceeding $25,000 to the mile, and income
bonds to the amount of $18,750 per mile, were authorized. Further provision was made for
the issue, in case of need, of 2d mortgage bonds to the amount of $10,000 to the mile to pro-
vide additional means for the construction of the road. The Atchison, Topeka and Santa
Fe and the St. Louis and San Francisco Cos. guaranteed 25 per cent, of gross earnings de-
rived from interchange of traffic with this road to meet any deficiency in interest on 1st mort-
gage bonds, such advances to be treated as a loan repayable with interest. On the 1st of
January, 1887, the company made a new issue of 4 per cent, bonds, principal and interest of
which are guaranteed by the Atchison and the San Francisco Companies as stated below.
For statement of the relations of the Atlantic and Pacific RR. Co. with the Atchison, Topeka
and Santa Fe RR. Co., see MANUAL for 1886, page 622.
The construction of the Western Division from A. and P. Junction near Albuquerque to
the Colorado River, 559.61 miles, was begun in May, 1880, and completed in 1883.
On the 1 st of October, 1884, the Mojave Division of the Southern Pacific RR. was trans-
ferred to this company under a contract of purchase and lease dated August 20, 1884. By
the terms of the contract, this company agrees to purchase the Mojave Division when the
present mortgage, due in April, 1905, is paid off, this company to pay $30,000 per mile, or
$7,271,000, payable one-sixth part, or $1,211,850, in cash, and the balance at the option of
this company, either in cash or in this company's 1st mortgage 6 per cent, bonds at par.
Until the title is clear, this company leases the road, paying as rental $436,266 yearly, being
$1,800 per mile, such rental being guaranteed by the Atchison, Topeka and Santa Fe RR. Co.
and the St. Louis and San Francisco Ry. Co.
Of the Central Division, 34 miles from Seneca to Vicita, Ind. Ter., were completed in
1873. During 1882 the line was extended 63 miles to Tulsa, to Red Fork, 3 miles, in 1883,
and to Sapulpa, 10.05 miles, in 1886. Of the total length, 112.05 miles, 85 miles have been
accepted by the Government.
Rolling Stock, December 31, 1886, in use on Western Division. — Locomotive engines, 52.
Cars — passenger, 10; baggage, mail and express, 10 ; freight (box, 232 ; stock, 75 ; flat, 507 ;
coal, 289 ; water, 73), 1,176 ; caboose, 17; other cars, 190— total, 1,403.
Operations for year ending December 31, 1886. — Train mileage — passenger, 774,863 ;
freight, 969,287 ; other, 34,342— total, 1,778,492 miles. Passengers carried, 62,256 ; carried
one mile, 34,104,834; average mile rate, 1.64 cents. Tons freight moved, 211,803; moved
one mile, 116,598,462 ; average ton-mile rate, 0.76 cent.
Earnings.— Passenger $558,723 26
Freight 891,830 09
Mail 63,50610
Express 46,59888
Other..., 63,991 27
Total ($1,983.70 per mile) $1,624,649 60
Expenses.— Transportation $943,816 72
Motive Power 133,746 26
Maintenance of Cars 121,018 21
Maintenance Way & Buildings 282,453 02
General 184,97986
Total ($2,034.20 per mile) $1,666,014 07
Deficit on operations, $41,364.47. Contribution of A., T. & S. F. RR. Co. and St. L. & S.
F. Ry. Co. of 25 per cent, rebate of their proportion of interchanged business, repayable by
this company, $295,000. Net income, $253,635.53. Payments not reported. No income
account for the past two years has been furnished by the company.
Ample deposits of bituminous coal have been opened on the line of the road 150 miles
726
POORS MANUAL — ATLANTIC AND PACIFIC RR. CO.
west of Albuquerque. The development of these mines has reduced the cost of fuel to the
company from $9 per ton to $1.55 per ton.
Annual meeting, third Thursday of May at office of company, Boston, Mass. Transfer
books close about three weeks prior to annual meeting. Stock is entitled to vote when reg-
istered. Registrars of stock and transfer agents : H. W. Gardiner, Secretary, Boston, Mass.,
and United States Trust Co., New York, N. Y. Listed on New York Stock Exchange. Com-
mon stock, $25,000,000; Western Division first mortgage bonds, $14,000,000, and Western
Division income bonds, $10,500,000.
General Balance Sheet, December 31, 1886.
CONSTRUCTION —
Western Division ........... $33,103,791 54
Central Division ............ 2,823,023 73
Central and Missouri Divs.. 21,746,834 00
Income Account Central and
Missouri Divisions (old) . . 711,958 87
Capital Stock— Distribution
Account .................. 41,000,000 00
899,384,608 14
2,650,043 55
347,654 07
Construction Interest, Western Division. .
Cash in Banks and Office .................
San Francisco Co., Central and Missouri
Divisions (contra) ................. ..... 11,417 22
Accounts Receivable .................... 40,31942
Materials and Supplies, Western Division. 219,277 44
Office Furniture, Boston Office ............ 819 20
Income Account
Western Division ....................... 2,144,703 51
Central Division ........................ 856,859 15
Land Department ...................... 40,463 19
CAPITAL STOCK—
Common Stock and Scrip... $53,410,300 00
Missouri Division, Preferred 10,000,000 00
Central Division, Preferred. 1,400,000 00
$64,810,300 00
FUNDED DEBT —
Western Division :
1st Mtg. 6 p. c. Bds. of 1910 . . $15,996,000 00
Scrip for Same 4,00000
Income bonds of 1910 11,989,000 00
Scrip for Same 11,00000
Central Division, :
1st Mtg. 6 p. c.Bds. of 1922.. 1,600,00000
Scrip for Same 4,00000
Income Bonds of 1922 1,190.00000
Scrip for Same 13,00000
Central and Missouri Divisions :
1st Mtg. 6 p. c.Bds. of 1891.. 1,189,500 00
Scrip for Same 40500
Land Grant Bonds of 1901.. 796,00000
Scrip for Same 62900
$32,793,534 00
Atchison, Topeka and Santa Fe RR. Co.*. 3,022,607 10
St. Louis and San Francisco Ry. Co.* 2,406,347 93
Bills Payable, Secured on Lands 189,800 00
St. L. & San Francisco Co., Notes Due 1890 586,958 87
Accrued and Unpaid Coupons 345,071 32
Notes Payable, Albuquerque Office 1,000 00
Liabilities Assumed by San Francisco Co. 11,417 22
Accounts Payable 29,128 45
Due Trustees, Payable in Btock 1,500,000 00
Total Assets $105,696,164 89 Total Liabilities $105,696,164 89
The authorized share capital of A. & P. RR. Co. is $100,000,000 ; par value, $100 per
share. Of this, $51,302,600 has been conveyed to the St. Louis and San Francisco and the
Atchison, Topeka and Santa Fe Cos. in equal 'amounts, in consideration of the preceding
agreement, all of which, except 65 shares to qualify directors, has been placed in trust for a
period of thirty years, but subject to the future action of the directors of the two companies.
LAND GRANT. — The company has earned under the grant from the Government about
20,000,000 acres. Of this, 1,403,645 acres have been sold, 5,319,065 acres are in the hands
of a trustee to pay advances made by the Atchison and the San Francisco companies, and
13,277,290 acres remain undisposed of. The sales during 1886 were 208,150 acres for $146,-
049.98, an average of about 70 cents per acre. The receipts from stumpage were $9,993.99 ;
from interest, $3,532.24. Total receipts, $159,576.21. Paid expenses of land department,
$53,910.99; interest on Western Division first mortgage bonds, $263,449.98. Total pay-
ments, $317,360.97. Deficit, $157,784.76.
Since the close of the fiscal year the Central Division first mortgage (new) bonds of 1922
and the Western Division first mortgage bonds of 1910 have been retired by exchange for
an equal amount of guaranteed trust gold 4 per cent, bonds, dated January 1, 1837, and to
run for 50 years, guaranteed principal and interest by the San Francisco and the Atchison
* Of which $1,278,056.82 is secured by conveyance of lands.
POOR'S MANUAL OF RAILROADS.
727
companies, and further secured by deposit of the first mortgage bonds which they replace.
Trustee, Mercantile Trust Co., New York. The first mortgage Os have been withdrawn
from the New York Stock Exchange, and $17,610,000 of the new 4s listed iu place of
them.
Statement of funded debt, December 31, 1886 :
DESCRIPTION
or BONDS.
Amount
Out-
standing.
SECURITY, ETC.
Due.
Interest
REMARKS.
Rate.
Duo.
Central Division
1st Mortgnge KK.
and Land Grant
Bonds.
Scrip.
$
1,189,500
406
1st Mortgage on Road. Rolling Stock,
Land Grants within 20 miles of track
on each side, and all other property
pertaining to the Central Division.
Nov. 1,
1891.
« p.c.
Gold.
M.AN.
By Financial Flan of Jan. 9. 1882, It Is
provided that these bonds may be
exchanged lor now Central Division
1st mtue. bonds below. The bonds
are for $500 and $l,ouo ei eh. Inter-
est payable In New York. Trus-
tees : Charles P. Choute and Fred-
erick L. Ames.
Central Division
Land Grant.
Scrip.
7U6.000
629
That portion of Lands on each side
of track, lying between '10 and 40
miles distant from track Central
Division.
Nov. 1.
1901.
6 p.C.
Gold.
Interest on these bonds is payable at
maturity in New York. Trustees :
Charles F. Cboate and Frederick L.
Ames.
Central Division 1st
Mortgage Bonds
(New).
Scrip.
1,600,000
4,000
Mortgage on all property, on the line
of the Central Division, but subject
to the Hen created by the old 1st
mortgage named above.
March 1,
1922.
6 p. c.
Gold.
M. &S.
$1,190 000, held in escrow by the Cen-
tral Trust Co.. for benefit of holders
of old 1st mtge. bonds, who may
wish to exchange their bonds as
provided for ID the Financial Plan
of January, 1882. Authorized $26,i«K)
per mile. Trustee, Central Tiust
Co., New York.
Central Division
Income Bonds
(New).
Scrip.
1,190,000
18,000
Secured by lien npon'the net earnings
of Central Division after providing
for operating and other expenses.
Jane 1,
1922.
Not
Exced.
op. c.
J. *D.
Bonds non-cumulative ; Interest pay-
able out of net earnings, but not ex-
ceeding 8 p. c. In any six months.
Authorized, $18.750 per mile. Inter-
est payable in Boston. Trustee,
American Loan and Trust Co., Bos-
ton.
Western Division
1st iltge. Bonds
Scrip.
15,996,000
4,030
Mortgage on all the property on the
Line of the Western Division, In-
cluding Lands and Land Grants.
July 1,
1910.
6 p.C.
Gold.
J. * J.
Not exceeding $25, W per mile of com-
pleted road. Authorized Issue, $16,-
000,000 Trustee, United States
Trust Co., New York.
Western Division
Income Bonds
Scrip.
11,989,000
11,000
Secured by lien upon the net eirnlngs
of Western Division, after providing
for operating and other expenses.
Oct. 1,
1910.
Not
Excod.
6 p. e.
A. 40.
Non-cumulative. Interest payable
out of not earnings, but not to ex-
ceed 8 p. c In any six months, $18,-
750 per mile. Authorized Issue, $12 -
OOUiW). Interest payable In Boston.
Trustee, Boston Safe Deposit and
Trust Co.
Directors (elected May 19, 1887).— H. C. Nutt, Boston, Mass.; E. F. Wiuslow, New
York, N. Y.; W. L. Frost, Boston, Mass.; C. P. Huntington, Jesse Seligman, Bryce Gray,
W. F. Buckley, New York, N. Y.; W. B. Strong, B. P. Cheney, G. O. Shattuck, C. C.
Burr, A. W. Nickerson, L. 0. Wade, Boston, Mass.
H. C. NUTT, President Boston, Mass.
E. F. Winslow, 1st Vice- President New York, N. Y.
W. B. Strong, 2d Vice- President Boston, Mass.
Secretary and Treas.—K. W. Gardiner. .Boston, Mass. I General Manager— G. W. Smith Chicago, III.
Land Comm'r—J. A. Williamson.. Albuquerque, N. M. ( Acting Auditor— ¥. E. Hancock Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS 95 Milk Street, Boston, Mass.
Transfer Offices 95 Milk St., Boston, and United States Trust Co., New York.
AUSTIN AND NORTHWESTERN RAILROAD COMPANY.
Line of Road.— Austin, Texas, to Burnet, Texas 60 miles.
Sidings, etc. , 4 miles. Gauge, 3 ft. Rail (steel, 8 miles), 85 and 40 Ibs. per yard.
History. — Chartered April 20, 1881 ; road opened January 1, 1882. The company has a
land grant of 600.000 acres. On the 13th of October, 1883, the road was placed in the hands
of a receiver. Sold under foreclosure June 3, 1885, and purchased for $150,000 by W. B.
Isham of New York. The original cost of road, etc., was $1,197,000, represented by $575,-
000 stock, $392,000 bonds and $230,000 floating debt.
728
POOR S MANUAL OF RAILROADS.
Rolling Stock. — Locomotive engines, 5. Cars— passenger, 2 ; baggage, mail and ex-
press, 2 ; freight (box, 23 ; platform, 46 ; coal, 2), 71— total, 75.
Operations from June 3, 1885, to March 1, 1886.— Trains run— mixed, 33,660; other,
1,020— total, 34,680 miles. Passengers carried, 11,902 ; carried one mile, 527,886. Tons
freight moved, 31,708 ; moved one mile, 1,205,610. Earnings — passenger, $15,836.68 ;
freight, $37,930.15; mail, $2,589.90; express, $911.94; other, $303.96— total, $57,572.63.
Expenses — maintenance of way, $12,676.61 ; rolling stock, $13,653.45 ; transportation, $6,-
290.91 ; general and taxes, $8,129.57— total, $40,750.54. Net earnings, $16,822.09 ; other re-
ceipts, $2.22 — total available revenue, $16,824.31. Payments — interest on debt, $1,050 ; new
steel rails, $10,046.90 ; other, $1,021.10— total, $12,118.00. Surplus, $4,706.31.
W. B. ISHAM, Owner New York, N. Y.
Secretary and Treasurer— A.. L. Rhomberg. Austin, Tex. | General Superintendent— A. N. Leitnaker.. Austin, Tex.
PRINCIPAL OFFICE AND ADDRESS — Austin, Tex.
BATESVILLE AND BRINKLEY RAILROAD COMPANY.
Line of Road. — Brinkley, Ark. , to Jacksonport, Ark 60 miles.
Average length of road operated during year 48 miles.
Sidings, etc., 2.54 miles. Gauge, 3 ft. Rail (steel, 11 miles), 35 Ibs.
History. — Chartered December 1, 1881. The company acquired, by purchase, March 1,
1882, the line of the Cotton Plant RR., from Brinkley to Cotton Plant, 10 miles. Extended
to Colona, 15 miles, January 1, 1883 ; to Riverside, 8 miles, January 1, 1884; to Tupelo, 7
miles, January 1, 1885, to Auvergne, 8 miles, November 1, 1885; to Jacksonport, November
10, 1886.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 4. Cars — passenger, 3; bag-
gage, mail and express, 2; freight (box, 30 ; platform, 32; stock, 1 ; coal, 1 ; caboose, 1), 65 >
service cars, 12 — total cars, 82.
Operations for year ending December 31, 1886. — Train mileage — passenger, 37,440 ;
mixed, 13,440 ; other, 625— total, 51,505 miles.
Earnings.— Passenger $22,771 95
Freight 44,574 51
Mail and Express 5,247 26
Miscellaneous 408 12
Total ($1,520.87 per mile) $73,001
Expenses. — Transportation, General, etc $23,571 08
Motive Power )
Maintenance of Cars f ' "
Maintenance Way and Buildings. 8,390 26
Total ($715.79 per mile) $34,358 05
Net earnings (52.94 per cent.), $38,643.79.
Financial Statement, October 31, 1885 (latest furnished).— Capital stock, $278,000; funded
debt, first mortgage, 6 per cent. 30-year coupon $1,000 bonds, due January 4, 1913, interest
January and July, at Little Rock and New York (authorized, $750,000), $278,000— total,
$556,000. Contra : Cost of road, $352,500 ; equipment, $36,325 ; real estate and buildings,
$14,500 ; materials and fuel, $1,750 ; other assets, $10,750 ; cash on hand, $5,870 — total,
$421,695.
Annual meeting, first Tuesday in December. Books close for annual meeting 30 days
prior thereto. Trustees of bonds, Farmers' Loan and Trust Co., New York. Stock and bonds
are all held by officers of company. Voting power attaches to stock after 30 days' ownership.
Directors (elected December 1, 1886). — Wm. Black, Brinkley, Ark.; James B. Dent,
Riverside, Ark.; E. G. Thompson, Augusta, Ark.; James T. Henderson, Auvergne, Ark.; V.
H. Henderson, Searcy, Ark. ; R-. W. Martin, Wm. J. Thompson, Little Rock, Ark.
R. W. MARTIN, President Little Rock, Ark.
W. J. Thompson, Secretary, Treasurer and Gen. Manager .Little Rock, Ark.
PRINCIPAL OFFICE AND ADDRESS Little Rock, Ark.
Transfer Office Brinkley, Ark.
POOR'S MANUAL OF RAILROADS. 729
CAPE GIRARDEAU SOUTHWESTERN RAILWAY COMPANY.
Line of Road. — Cape Girardeau, Mo., to Wappapelo, Mo 52 milea.
Sidings, etc., 8 miles. Gauge, 4 ft. 8£ in. Rail (steel, 0.5 mile), 56 and CO Ibs.
History.— Chartered December 31, 1859, as Pilot Knob, Cape Girardeau and Belmont RR.
Co; name changed February 18, 1869, to Cape Girardeau and State Line RR. Co., by which
company 2 miles of track were laid and 40 miles of grading completed at close of 1873. This
track and grading was sold by the State Line RR. Co. to Louis Houck in 1880, and a new
company was chartered August 10, 1880, under the name of the Cape Girardeau Railway Co.
Name changed to Cape Girardeau Southwestern Railway Co. on November 12, 1881. Road
opened to St. Louis, Iron Mountain and Southern Ry. January 1, 1881 ; to Lakeville, 27 miles,
November?, 1881 ; to Sturdivant, March 5, 1883; to Idlewild, June 25, 1883, and to Wap-
papelo, September 1, 1884. In November, 1885, the stockholders voted to increase the capital
stock $500,000, and to take stock in a new company known as the Texas Branch of the Cape
Girardeau Southwestern RR., to run from Arbor, Mo., on the main line, to Maiden, Mo., on
the T. & St. L. RR., a distance of 41 miles. In September, 1886, the company let contracts
for extensions from Wappapelo to Otter Creek, 8 miles, and from Brownwood, Mo., toward
Bloomfield, 5 miles. Both of these branches are expected to be completed by January 1,
1887.
Rolling' Stock. — Locomotive engines, 6. Cars — passenger, 1 ; baggage, mail, etc., 1 ;
box, 1 ; platform, 60 ; caboose, 1 — total, 64.
Operations for year ending December 31, 1886. — Trains run (passenger, 37,186 ; freight,
16,484), 53,670 miles. Total engine service, 62,670 miles. Passengers carried, 16,697 ; car-
ried one mile, 264,288. Freight moved, 51,652 ; moved one mile, 1,439,332 tons. Earnings —
passenger, $13,581.59; freight, $78,646.18; mail, express, etc., $6,276.30— total ($1,984.31
per mile), $98,504.07. Operating expenses ($1,202.13 per mile), $62,510.59. Net earnings
($692.18 per mile), $35,993.48. Sundry payments, $1,569.96. Balance, surplus, $34,423.52.
Surplus from last year, $42,525.80— total, $76,949.32.
Financial Statement, December 31, 1886.— Capital stock (par value, $100), $650,000;
funded debt, $465,900 ; bills payable, $51,706.70 ; current accounts, $24,721.86 ; profit and
loss, $76,949.32— total, $1,269,277.88. Contra: Cost of road, $1,184,645.19; equipment,
$57,706.81 ; materials and fuel, etc., $9, 000 ; current accounts, $17,925.88— total, $1,269,277.88.
Funded debt consists of —
1st mtg. (C. G. Div., 15 m.) 6 p. c. 20-yr. coup. & reg., $1,000 bds., due 1900, int. Mch.& Sept. (auth., $100,000).$100,000
1st mtge. (Lake Div., 11 miles) 6 p. c. 30-year coupon and reg., $100 and $1,000 bonds, due 1901, interest
March and September (authorized, $80,000) 80,000
1st mtge. (St. F. Riv. Div., 26 miles) 6 p. c. 20-year coupon and reg., $1,000 bonds, due 1902, interest March
and September (authorized, $200,000) 197,000
2d mtge. (whole line, 52 miles), 6 p. c. 21-year coupon and reg., $100, $200, $250 and $1,000 bonds, due 1906,
interest January and July (authorized, $270,000) 88,900
Trustees of bonds, Leo Doyle ; registrar of stock, T. F. Wheeler, Cape Girardeau, Mo.
Interest payable at National Bank of Commerce, New York, N. Y.
Directors (elected August 4, 1884). — Louis Houck, Leon J. Albert, Richard Carroll, S. S.
Harris, Cape Girardeau, Mo.; Wm. Brown, St. Louis, Mo.
Louis HOUCK, President and Gen. Manager Cape Girardeau, Mo.
Vice- President — Wm. Brown St. Louis, Mo. Secretary— -T. F. Wheeler Cape Girardeau, Mo.
Treasurer— Leon J. Albert Cape Girardeau, Mo. Gen.Supt.—W. A. Penney Cape Girardeau, Mo.
PBINCIPAL OFFICE AND ADDRESS Cape Girardeau, Mo.
CENTRAL TEXAS AND NORTHWESTERN RR. CO. (In Progress.)
Line of Road. — Ennis, Tex., to Waxahachie, Tex 12 miles.
Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History. — Organized as WTaxahachie Tap RR. Co. in 1875. That company was the re-
cipient of $50,000 in bonds of the town of Waxahachie, a State land grant of 16 sections per
mile, and local subscriptions. During the year 1881 the present name was adopted. The
road is to be extended from Waxahachie westward to Cleburne, in Johnson County, and
730 POOR'S MANUAL OF RAILROADS.
northward to Fort Worth. The completed line is operated by the Houston and Texas Central
Ry. Co., but all accounts are kept separate. Early in May, 1886, the Fort Worth and New
Orleans RR. was completed from Fort Worth to a connection with this road at Waxahachie.
Rolling Stock. — Locomotive engine, 1. Cars — passenger, 1 ; freight, 2.
Operations for year ending December 31, 1883. — Gross earnings, $50,158.53. Operating
expenses, $46,415.19. Net earnings, $3,743.34.
Financial Statement. — Capital stock, $200,000 ; funded debt 6 per cent. 20-year 1st
mortgage bonds, $15,000 per mile, none outstanding. The $60,000 8 per cent, bonds of the
W. T. RR. Co. have all been retired.
Later information not furnished.
A. C. HUTCHINSON, President New Orleans, La.
J. Waldo, Vice-President Houston, Tex.
Secretary— B.. Hall Houston, Tex. | Treasurer— E. W. Cave Houston, Tex.
PRINCIPAL OFFICE AND ADDUESS Waxahachie, Tex.
CHERRY VALLEY RAILROAD COMPANY.
Line of Road. — Cherry Valley Junction to Cherry Valley Mines, Mo 6 miles.
Sidings, 0.5 mile. Gauge, 4 ft. 8i in. Rail (steel, 0.75 mile), 56 Ibs.
History.— Chartered July 23, 1877 ; road opened August 25, 1878. It is used chiefly for
hauling ore from mines of the Maramec Iron Mining Co., to which corporation it is auxiliary.
Rolling1 Stock. — Locomotive engines, 3. Ore cars, 6.
Operations for year ending December 31, 1885 (latest furnished). — Freight trains run,
1,650 miles. Tons freight moved, 21,437 ; moved one mile, 128,622. Earnings from freight,
$4,287.40.
Financial Statement, December 31, 1884 (latest furnished). — Capital stock, $60,000.
Contra : Construction, $29,973.36 ; equipment, $9,000.
B. W. LEWIS, President St. Louis, Mo.
Secretary and Treasure? — T. T. Lewis. ..St. Louis, Mo. | Qen. Superintendent— E*. T. Herndon Midland, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
COLORADO MIDLAND RAILWAY COMPANY.
Main Line of Road as projected. — Colorado Springs, Col., to Elk Creek, Col.. .235 miles.
Aspen Branch : Mouth of Frying Pan Creek to Aspen, Col 17 miles.
Total length of line (not including sidings) 252 miles.
Completed July 1, 1887 : Colorado Springs, westward 100 miles.
Gauge, 4 ft. 8^ in. Rail (all steel), 60 and 65 Ibs.
History. — Chartered in November, 1883 ; construction begun in April, 1886 and 100
miles of road completed by July 1, 1887. It is expected that the road will be completed to
Glenwood Springs, 222 miles, and branch to Aspen, 17 miles, by October 1, 1887.
Financial Statement. — Capital stock, $5,000,000; funded debt, first mortgage 6 per cent.
50-year bonds, dated June 1, 1886, interest payable June and December in New York ($6,250,-
000 authorized), $5,569,500— total stock and bonds, $10,569,000.
Annual meeting, first Monday in April. Financial agent and trustee of bonds, Central
Trust Co., New York, N. Y.
Directors. — J. J. Hagerman, Orlando Metcalf, D. B. Robinson, Charles A. Lansing,
Henry T. Rogers, Colorado Springs,- Col. ; Henry I. Higgins, Leadville, Col.; Theo. M. Davis,
Newport, R. I.; J. R. Busk, J. B. Wheeler, William D. Sloane, S. S. Sands, New York, N. Y.
J. J. HAGERMAN, President Colorado Springs, Col.
Theo. M. Davis, 1st Vice-President Newport, R. I.
Orlando Metcalf, %d Vice- President Colorado Springs, Col.
Treasurer— Irving Howbert Colorado Springs, Col.
Secretary— Charles A. Lansing ..Colorado Springs, Col.
Gen. Manager — D. B. Robinson . Colorado Springs, Col.
Auditor— J. J. Blower Colorado Springs, CoL
CVi.-E'ng'.— Thos.H. Wigglesworth.Colo'do Springs, Col.
Gen. Solicitor— Henry T . Rogers.. Colorado Springs, Col.
PRINCIPAL OFFICE AND ADDRESS Opera House Block, Colorado Springs, Col.
POOR'S MANUAL OF RAILROADS. 731
CRYSTAL RAILWAY COMPANY.
Line of Road.— Crystal City, Mo., to Silica, Mo 3.28 miles.
Sidings, 1.25 miles. Gauge, 4 ft. 8^ in.
History.— Chartered November 27, 1880, and succeeded to the properties of the Crystal
City RR. Co. Road opened same date. Operated by the Crystal Plate Glass Company.
Rolling Stock. — Locomotive engines, 2. Cars — passenger ; freight— stock, 6 ; coal, 15.
Operations for year ending December 81, 1885 (latest furnished).— Not reported. Earn-
ings—passenger, $1,135.97; other, $13,401.68— total, $14,537.65. Operating expenses, $8,-
817.78. Net earnings, $5,719.87. Bond interest paid, $4,500. Balance, surpluH, $1,219.87.
Financial Statement, December 31, 1885 (latest furnished).— Capital stock (subscribed,
$3,000), $150; funded debt, 6 percent. 10-year $1,000 coupon bonds, due January 1, 1895,
interest January and July, held by Crystal Plate Glass Co., $75,000 ; advances by Crystal
Plate Glass Co., $12,805.70— total, $87,955.70. Contra: Cost of road, $71,837.95; rolling
stock, $16,117.75.
Directors. — Henry Hitchcock, Ethan A. Hitchcock, Carlos S. Greeley, James M. Leete,
E. T. Allen, St. Louis, Mo.
E. A. HITCHCOCK, President St. Louis, Mo.
J . M. Leete, Vice- President. St. Louis, Mo.
Treasurer— C. W. Barnes St. Louis, Mo. | Secretary— E. T. Allen St. Louis, Mo.
General Manager— G. F. Neale Crystal City, Mo.
PRINCIPAL OFFICE AND ADDRESS. St. Louis, Mo.
DARDANELLE AND RUSSELLVILLE RAILROAD COMPANY.
Line of Road. — Dardanelle, Ark., to Russellville, Ark 4.5 miles.
Sidings, 0.5 mile. Gauge, 4 ft. 8$ in. Rail 35 Ibs. per yard.
History.— Chartered February, 1883. Road opened August 15, 1883.
Rolling Stock. — Locomotive engine, 1 ; combination car, 1.
Operations for year ending December 31, 1885. — Trains run (mixed), 6,000 miles. Pas-
sengers carried, 8,007 ; carried one mile, 40,035. Tons freight moved, 6,309 ; moved one
mile, 31,545. Earnings — passenger, $3,999.05; freight, $15,348.62; mail, express, etc.,
$1,379.08 — total, $20,726.75. Operating expenses not reported. The road was operated
under a traffic contract with the St. Louis and San Francisco RR., by which it was agreed to
pay $1,050 interest 011 bonds, $1,050 dividends, and $1,742.50 to sinking fund, in addition to
operating expenses.
Financial Statement, December 31, 1884.— Capital stock (authorized, $45,000), raid iD)
$27,300 ; funded debt, 1st mortgage 7 per cent. 20-year coupon $500 bonds, due June 1,1903,
interest June and December, $15,000 ; 2d mortgage 7 per cent. 20-year $100 and $500 coupon
bonds, due April 1, 1904, $27,300— total stock and bonds, $69,600. Contra : Cost of road,
$38,000 ; equipment, $5,000 ; real estate, etc, $2,550— total, $45,500.
Annual meeting, fourth Thursday in March. Interest payable at German Bank, Little
Rock, Ark.; dividends at office of Treasurer. Trustees of bonds, G. W. Hughs, C. W.
Walker, and W. M. Rose. Registrar of stock, Z. L. Wise, Dardanelle, Ark.
Directors (elected March 26, 1885). — G. L. Kimball. James K. Perry, Thomas Cox, C. M.
Freed, E. W. Cunningham, D. L. Bourland, Z. L. Wise, Dardanelle, Ark.
GEORGE L. KIMBALL, President Dardauelle, Ark.
Treasurer J- K. Perry. | General Superintendent D. L. Bourland.
Secretary and Auditor— Z. L. Wise Dardanelle, Ark.
PRINCIPAL OFFICE AND ADDRESS Dardanelle, Ark.
DENVER AND RIO GRANDE RAILROAD COMPANY.
Main Line of Road.— Denver, Col., to Utah Border 460.80 miles.
Other Divisions and Branches 850.20 miles.
Total length of lines operated 1,317.00 miles.
Sidings, 175 miles. Gauge, 3 ft. Rail (steel, 1,089 miles), 30 to 45 Ibs.
732
POOR S MANUAL — DENVER AND RIO GRANDE RR. CO.
Of the above 1,317 miles, 120 miles, between Denver and Pueblo, is laid with a third
rail, making it of standard gauge ; and from Pueblo to Leadville and Redcliffe, a distance of
183 miles, a standard gauge third rail will be laid daring the current year.
Statement of mileage as operated by divisions December 31, 1886 :
First Division.
Denver, Col., to'Pueblo, Col 119.60
Pueblo, Col., to Salida, Col 97.40
Pueblo, Col., to Alamosa, Col 130.50
Canon City, Col., to West Cliffe, Col . . 31 .50
Cuchara, Col., to El Moro, Col 43.70
Colorado Springs, Col . ,to Mani ton, Col. 5 . 30
Spurs : Plum Creek Coal Mines, 4.60 ;
Placer Iron Mine, 2.10; O'Brien
Quarry, 1.80 ; Castle Rock Quarry,
2.30 ; Douglass Quarry, 2.60 ; Coal
Creek. 2.60; Oak Creek, 2. 10; Chand-
ler Creek, 0.40 ; Bessemer, 3.00 21.50— 449.50m.
Second Division.
Alamosa, Col., to Silverton, Col 245.80
Antonito, Col., to Espanola, N. M 91 .70
Alamosa, Col., to Wagon Wheel Gap,
Col 60.32
Durango Smelter,! ; Silverton Smelter,! 2.00—399.82 m.
Third Division.
Salida, Col., to Leadville, Col 61.20
Leadville, Col., to Dillon, Col., and be-
yond 37.36
Malta, Col., to Rock Creek, Col 30.40
Calumet Mines 6.85
Iron Silver Mine 3.40
Leadville Smelters. . . . . .7.00— 17.25—146.21 m.
Fourth Division.
Salida, Col., to Utah Border 244.29
Poncha, Col., to Monarch, Col 16.28
Mears, Col., to Iron Mine, Col 27.60
Gunnison, Col., to Crested Butte, Col. 33.10
Taylor River 0.20— 321.47m.
Total Colorado and New Mexico 1,317.00 m.
History. — The Denver and Rio Grande Ry. Co. was incorporated October 27, 1870. Right
of way was granted by Act of Congress in 1871. Grading was commenced at Denver in March,
1871, and track laid to Colorado Springs by October 27, 1871. In 1872 the road was opened to
Pueblo, 120 miles from Denver, and from Pueblo up the Arkansas Valley to Canon Coal
Fields, 36 miles ; in 1874 it was opened to Canon City, 8 miles ; in 1876 the main line was
opened a further distance of 71 miles to La Veta, and 40 miles to El Moro Coal Fields ; in
1877 it was carried through the Veta Pass to Garland, 29£ miles ; and in 1878 to Alamosa, on
the Rio Grande, 29.3 miles, and to the second colliery beyond El Moro, 3| miles. Total at
the close of 1878, 373.3 miles. The line from Canon City to Leadville, 117.5 miles, was
opened July 20, 1880; Leadville to Robinson Mine, 16 miles, December 27, 1880; Malta
(Leadville Junction) toward Redcliffe, 9.6 miles, November 22, 1880 ; Colorado Springs to
Manitou, 5.3 miles, August 1, 1880 ; Antonito down the Rio Grande to Espanola (25 miles
north of Santa Fe), 91.2 miles, December 31, 1880— total, December 31, 1880, 584.50 miles.
Further extensions increased the mileage to 1,065.25 miles, December 31, 1881; to 1,281.80
miles December 31, 1882, and to 1,317 miles December 31, 1883, since when there has been
no additional mileage constructed.
Default was made on interest due July 1, 1884, on consolidated mortgage bonds, and a
receiver was appointed July 12, 1884. On the 1st of October, 1884, default was also made on
1st mortgage (main line) bonds. The road was sold under foreclosure July 12, 1886, and the
company reorganized under its present title July 14, 1886, For plan of reorganization see
MANUAL for 1886, page 782.
Since January 1, 1887, contracts have been let for an extension from Redcliffe to Glen-
wood Springs and Aspen, and to coal fields, a distance of about 130 miles, to be built of
standard gauge ; and for an extension from Montrose to Ouray, about 31 miles.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 213. Cars — passenger train
(coaches, 63 ; baggage, mail and express, 50 ; combination, 29 ; chair, 8; emigrant sleepers,
11 ; observation, 2 ; business, 12 ; excursion, 4), 179 ; freight train (box, 2,380 ; stock, 366 ;
flat, 880; refrigerator, 52; coal, 1,146; coke, 133; charcoal, 5; California Fruit Line, 11;
caboose, 80), 5,053 ; provision, 3 ; construction, 197 ; water, 10 ; oil tank, 4 ; wrecking, 3 —
total cars, 5,449.
Operations for the year ending December 31, 1886. — Train mileage — passenger, 1,140,935;
freight, 1,727,219— total, 2,868,154 miles. Passengers carried, 337,306 ; carried one mile,
POORS MANUAL — DENVER AND RIO GRANDE RR. CO.
733
41,261,583 ; average mile rate, 3.07 cents. Tons of freight moved, 1,352,252 ; moved one
mile, 192,565,914; average ton-mile rate, 2.60 cents.
Receiver's Statement of earnings, expensee, etc., from January 1 to July 11, 1886. —
Earnings— passenger, $622,360.33 ; freight, $2,224,123.70; mail, express, etc., $223,861.76 —
total, $3,070,345.79. Expenses — transportation, $941,269.04 ; maintenance of way, etc.,
$562,214.31; rolling stock, $337,038.29; contingent expenses, $144,622.16; general, $126,-
575.80— total, $2,111,719.60. Net earnings (31.20 per cent.), $958,626.19. Add : Interest
received, $12,517.77; rolling stock rental, $18, 550.25- -total available revenue, $989,694.21.
Paid taxes and insurance, $18,373.62; pool balances, $43,205.81; betterments, $228,188.52—
total, $289,767.95. Balance, surplus, $699,926.26.
Company's Statement from July 12 to December 31, 1886. — Earnings — passenger, $646,-
966.93 ; freight, $2,779,036.05 ; mail, express, etc., $241,728.70— total, $3,667,731.68. Ex-
penses—transportation, $883,628.65; maintenance of way, etc., $711.130.25; rolling stock,
$320,719.35; contingent expenses, $35,666.88; general, $164,551.95— total, $2,115,697.08.
Net earnings (42.30 percent.), $1,552,034.60; interest, etc., received, $9,746.84; pool balances,
$5,924.65— total available revenue, $1,567,706.09. Payments : Interest on first mortgage
bonds, $223,387.50; on consolidated mortgage bonds, $451,500; on rolling stock trust, $2,-
809.79 ; taxes and insurance, $231,160.13— total, $908,857.42. Balance, surplus, $658,848.67.
Statement of operations for ten years :
FISCAL YKAB.
Aver.
Miles.
Gross Earnings.
Operating Expenses.
Net Earnings.
Total.
Per Mile.
Total.
Per Mile.
Per ct.
Total.
Per Mile,
1877
293
308
337
474
786
1,100
1,559
1,502
1,317
1,317
;$773,322 07
1,096,517 15
*903,622 28
3,478,0(56 90
6,244,780 83
6,404,979 80
7,361,545 62
5,928,918 72
6,119,053 72
6,738,077 47
$2,639 32
3,560 12
2,681 38
7,337 23
7,945 01
5,82300
4,722 00
3,947 24
4,64620
5,116 23
$416,161 55
623,455 22
594,746 56
1,767,605 10
3,620,029 89
3,821,12423
4,743,111 53
4,33o,575 84
3,935,273 46
4,227,416 68
$1,420 34
2,02420
1,76484
3,728 66
4,605 63
3,474 00
3,04200
2,886 46
2,98806
3,20988
53.82
56.86
65.82
50.81
57.97
59.ti6
64.43
73.13
64.31
62.74
$357,160 52
473,061 93
308,875 72
1,710,461 80
2,1124,750 94
2,583,855 57
2,613,434 09
1,593,342 88
2,183,780 26
2,510,660 79
$1,21898
1,53592
91654
3,60857
3,339 38
2,34900
1,68000
1,060 78
1,65814
1,90635
1878
1879*
1880
1881
1882
1883
1884
1885
1886
* For five months and twelve days only, the receipts by the A., T. & S. F6 Co. during first part of the year
not being included.
In the above table the operations from January 1, 1882, to July 12, 1884, include those
of the Denver and Rio Grande Western. Its gross earnings were, in 1882 (average, 155 miles),
$170,918.05; in 1883 (average, 307 miles), $832,835.82 ; in 1884 (six months and 14 days-
average, 362 miles), $376,815.14.
General Balance Sheet, December 31, 1886.
*Road, Equipment and Real Estate $89,991,010 63
Materials and Supplies 758,569 82
2,340 10
96,010 56
1,284 16
1,508,198 19
22,286 72
310,279 48
57,332 48
Aspen Toll Road
Grand Valley Extension
Ouray Extension
Cash f$l,501,807.05) ; Co. Scrip ($6,391.14).
Bills Receivable
Current Accounts
*D. & R. Q. Ry. Co. (liabilities paid)
Total Assets $92,747,31* 14
Common Stock $38,000,000 00
Preferred Stock 23,650.000 00
FundedDebt 28,957,50000
Vouchers, Pay Rolls, etc 837,709 78
Coupons Payable 456,942 50
Current Accounts 92,784 02
Betterment Fund $298,058 63
Expended on Betterments 204,53146— 93,52717
ProfltandLoss 658,84867
Total Liabilities $92,747,312 14
The funded debt consisted, December 31, 1886, of —
1st mtge. (main line) 30-year 7 p. c. $500 and $1,000 coupon bonds, due Nov. 1, 1900, int. May and Nov. $6.382,500
1st consol. mtge. 50-year 4 per cent. $500 and $1,000 coupon bonds, due Nov. 1, 1936, int. Jan. and July. 22,575,000
607
which amount has been changed by the sale of rolling stock ($4,475) and the purchase of real estate" ($899.96) sub-
sequent to July 12, 1886. This account and the account "D. & R. G. Ry. Co." will be finally adjusted when the
reorganization committee has completed its labors.
734 POOR'S MANUAL OF RAILROADS.
The first mortgage is a first lien on the main line from Denver to Alamosa and El Moro,
294 miles. The consolidated mortgage is a second lien on said 294 miles, and a first lien on
all road subsequently completed.
The preferred stock is entitled to 5 per cent, dividends non-cumulative, and to elect two-
thirds of the board of directors for five years unless it shall receive in the meantime full divi-
dends of 5 per cent, for two consecutive years.
The company reserves $7,500,000 common stock, $6,091,250 preferred stock, and $12,-
425,800 consols for future use.
Directors (elected May 2, 1887). — George Coppell, Robert B. Minturn, Adolph Engler,
Richard T. Wilson, New York, N. Y. ; John Lowber Welsh, John J. Stadiger, Philadel-
phia, Pa. ; David H. Moffat, Walter S. Cheesman, Denver, Col. ; T. H. A. Tromp, The Hague,
Holland.
GEORGE COPPELL, Chairman of Board New York, N. Y.
DAVID H. MOFFAT, President Denver, Col.
Secretary— William Wagner New York, N. Y.
Treasurer— Joseph W. Gilluly Denver, Col.
Auditor— Edward R. Murphy Denver, Col.
Gen. Manager— S. T. Smith Denver, Col.
Gen. Supt. & Chief Enrj.— Robt. E. Ricker. Denver, Col.
Traffic Manager— Andrew S. Hughes Denver, Col.
GENEKAL OFFICES Chee&man Block, 17th and Larimer Sts., Denver, Col.
New York Office 47 William Street.
London Agents — Jno. K. Gilliatt & Co 4 Crosby Square, London, England.
DENVER CIRCLE RAILROAD COMPANY.
Main Line of Road.— Denver, Col., to Suburbs 3.50
Jewell Park Branch : Larimer Street to Jewell Park 2.75 — 6.25 miles.
Sidings, 1.25 miles. Gauge, 3 ft. Rail (steel, 3.5 miles), 35 Ibs.
History. — Chartered November 16, 1880 ; road opened February 10, 1881.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 13; box freight, 2 — total, 15.
Operations for year ending December 31, 1882. — Passengers carried, 292,780. Gross
earnings, $23,356.14. Expenses not stated. Paid interest on funded debt, $7,500.
Financial Statement. — Capital stock, $300,000 ; funded debt, 1st mortgage gold coupon
6 per cent. 30-year bonds, due January 1, 1912, interest January and July, $112,000— total,
$412,000.
Directors. — Theo. C. Henry, W. A. H. Loveland, Joseph P. Ord, Denver, Col.; Charles
A. Jewell, Charles L. Mclntosh, Hartford, Conn.
W. A. H. LOVELAND, President Denver, Col.
Secretary and Treasurer — Joseph P. Ord. .Denver, Col. | General Manager — Theo. C. Henry Denver, Col.
PRINCIPAL OFFICE AND ADDRESS Denver, Col.
DENVER RAILROAD, LAND AND COAL COMPANY.
Main Line of Road. — Denver, Col., to Scranton, Col 17.0
Branch toward Union Depot, Denver, Col 0.5 — 17.5 miles.
Gauge, 3 ft. Rail (steel, 1.5 miles), 18 and 21 Ibs.
History. — This company was chartered January 25, 1886. Its property consists of
3,360 acres of coal lands owned in fee simple ; 640 acres of coal lands leased, 17.5 miles of
railroad, as above described, and terminals in the City of Denver. The company has but
recently begun business, and is now constructing its extensions and making improvements at
its coal property and throughout its mine. The railroad is operated under the name of the
Denver and Scrantou Ry. Main line opened September 1, 1886. Total length of branch, as
POOR'S MANUAL OF RAILROADS. 735
projected from terminus of main line in Denver to Union Depot, is 2 miles. Track' of
Union Pacific Ry. Co. used pending its completion. Arrangements are being made to change
gauge to standard width, and relay the road with 56 Ib. steel rails.
Railroad Rolling Stock.— Locomotive engines, 2. Cars — passenger, 2 ; baggage, etc.,
2 ; coal, 99; other, 3 — total cars, 106. In addition to this rolling stock the company has a
complete equipment for mining coal at the mines, coal chutes, etc.
Financial Statement.— Capital stock, $500,000. Funded debt, $500,000 first mortgage 6
per cent. 20-year gold bonds, due 1907, interest and principal payable in New York. Trus-
tee, Knickerbocker Trust Co., New York.
The total authorized amount of capital stock is $500,000 in 5,000 shares, having a par
value of $100 per share. Annual meeting second Tuesday in January.
Directors. — E. H. Hallack, Stetson Leach, Assyria Hall, Denver, Col.; B. F. Vaughan,
Providence, R. I.; W. B. Parsons, Jr., New York, N. Y.
E. F. HALLACK, President Denver, Col.
Assyria Hall, Vice-President Denver, Col.
Treasurer — Stetson Leach Denver, Col. | Secretary— Bronson Peck, Jr New York, N. Y.
PRINCIPAL OFFICE AND ADDBESS 34 Opera House Block, Denver, Col.
Colliery Scranton, Col.
DENVER, TEXAS AND GULF RAILROAD COMPANY.
Main Line of Road. — Denver, Col., via Pueblo, to the Canadian River 350.00 miles.
( Denver to Pueblo 124.37
j Franceville junctjOn to Franceville Coal Mines 4.55
J' ( Manitou Junction to Colorado Springs 9.14—138.06 miles.
Sidings, etc., 7.43 miles. Gauge, 4 ft. 8£ in. Rail (steel, 132.76 miles), 52 Ibs.
History. — This railroad was originally chartered under the name Denver and New Orleans
Railway Company, January 25, 1881 ; road opened 50 miles, May 3, 1882. Built by the D.
& N. 0. RR. Construction Co., capital, $1,500,000. That sum was all expended in construc-
tion of the 50 miles of road. To complete the road to Pueblo the Construction Company, on
the 19th of June, 1882, placed its entire property, including the amount of stock and bonds of
the Railroad Company received and to be received, in trust to secure an issue of $1,050,000
10 per cent, notes, payable April 1, 1883. On the 24th of June, 1882, another deed was exe-
cuted on the same property to secure an additional $350,000 of the notes. Default was made
in their payment April 1, 1883, and on September 19, 1883, the deposit securities sold by the
trust company. They were purchased for account of the railroad company.
On May 28, 1885, the present company, the Denver, Texas and Gulf RR. Co., was organ-
ized, and in March, 1886, it succeeded to all the railroad, franchises, etc., of the old company,
whose property had previously, March 18, 1886, been sold under foreclosure and purchased
by the mortgage trustees.
In payment of the 138 miles of completed road thus acquired, the new company issued
first mortgage bonds, at the rate of $15,000 per mile, and bonds at the same rate are author-
ized to be issued on the whole road according as it shall be completed.
The authorized amount of capital stock is $15,000,000 ; paid in, $3,260,900 ; and all of
both stock and bonds issued are in the hands of J. S. Brown, of Denver, as trustee, to be
held off of the market until the road shall have been completed to a connection with the
Fort Worth and Denver City Ry. at the Canadian River. The line for this extension has
been all surveyed, and is claimed to be the most direct practicable route between Galveston
and Denver. These two lines when so joined, are to be united under one interest, making a
through main line of 800 miles in length, upon which the authorized capital stock, as above,
will be at the rate of about $20,000 per mile, or $30,000,000 in all. (See statement of Fort
Worth and Denver City Ry. Co.)
736 POOE'S MANUAL or RAILROADS.
The company has recently closed a traffic contract with the Colorado Midland Ry. Co.
whose proposed road from Colorado Springs via Leadville and Asper to Glenwood Springs is
now under construction, and will, it is expected, be completed during 1887.
The outstanding funded debt of this company consists of $3,000,000 first mortgage 5 per
cent. 50-year coupon $1,000 bonds, due April 1, 1937, interest payable April 1 and October 1.
Trustee, Mercantile Trust Co., of New York.
Annual meeting, third Wednesday in January.
Rolling' Stock, January 1. 1886. — Locomotive engines, 8. Cars — passenger, 4 ; baggage,
mail and express, 2 ; freight (box, 59 ; stock, 14 ; platform, 79 ; coal, 96), 248 ; caboose, 3 ;
other, 30— total cars, 287.
Directors (elected May 29, 1885).— John Evans, George Tritch, Wm. Barth, J. Sidney
Brown, C. B. Kountze, S. H. Elbert, Job A. Cooper, F. A. Keener, W. G. Evans, Denver, Col.
JOHN EVANS, President Denver, Col.
'Vice-President— 3 '. Sidney Brown Denver, Col.
Treasurer— W. B. Berger Denver, Col.
Vice- President— Job A. Cooper Denver, Col. Secretary— Charles Wheeler Denver, Col.
Superintendent — B. W. Grover Denver, Col.
PKINCIPAL OFFICE AND ADDBESS Denver, Col.
DENVER, UTAH AND PACIFIC RAILROAD COMPANY.
Main Line of Road. — Denver, Col., to Lyons 43.49
Branches to coal mines 2.11 — 45.60 miles.
Sidings, 3.26 miles. Gauge, 3 ft. Eail 35 and 45 Ibs.
Unfinished road from Hallack Junction (9 miles northwest of Denver), via Marshall,
Boulder -Canon and Rollinsville, about 50 miles.
History. — Chartered December 11, 1880 ; road opened to Longmont, 33.3 miles from Den-
ver, November 24, 1881. Consolidated without change of title with the Colorado Northern
RR. Co., April 29, 1884. The consolidated company issued stock at the rate of $20,000 and
bonds at the rate of $18,000 per mile of completed road — two-thirds to holders of old D., U.
and P. stock and bonds, and one-third to holders of Colorado Northern stock and bonds. The
total amount of securities thus issued, $618,000 bonds and $687,000 stock, are pooled with, the
Farmers' Loan and Trust Co. of New York, under pooling contract (dated April, 1884), until
April 1, 1887, with all coupons maturing meantime, and until latter date cut off. The St.
Vrain extension, from Longmont to Lyons, 10.82 miles, was opened September 17, 1885.
Rolling Stock, December 31, 1886. — Locomotive engines, 7. Cars — passenger, 4 ; bag-
gage, mail and express, 3 ; freight (box, 76 ; platform, 2 ; stock, 2 ; coal, 181 ; caboose, 2),
263; service cars, 18 — total cars, 288. Two of the locomotives, 2 passenger, 1 baggage, 50
box, and 99 coal cars were acquired through car trusts.
Operations for year ending December 31, 1886. — Train mileage — passenger, 50,866 ;
freight, 5,347 ; mixed, 31,837 ; other, 2,460— total, 90,510 miles. Passengers carried, 21,063;
carried one mile, 503,358; average mile rate, 3.06 cents. Tons freight moved, 79,101 ; move
one mile, 1,808,629 ; average ton-mile rate, 4.10 cents.
Earnings.— Passenger $15,392 43
Freight 74,082 22
Mail 1,739 29
Express 1,831 50
Miscellaneous 61 57
Total ($2,030.85 per mile) §92,607 01
Expenses.— Transportation $20,669
Motive Power 12,371 01
Maintenance of Cars 5,119 67
Maintenance Way and Buildings. 16,880 42
General... .. 22,170 46
Total ($1,693.23 per mile) $77,211
Net earnings (16.63 per cent,), $15,395.79. Other receipts : Sale of bonds, $10,500 ; rents,
$579.99 ; stores, etc., sold, $2,680.71— total available revenue, $29,174.49. Payments : Inter-
est on bonds, $5,230 ; on debt, $175.23 ; telegraph line, $3,331 ; right of way, $1,800.50 ; roll-
ing stock, $15,787.16; construction, $4,332.20— total, $30,656.09. Balance, deficit, $1,481.60.
POORS MANUAL OF RAILROADS.
737
CostofRoad $914,06641
Cost of Rolling Stock 170,090 48
Real Estate and Buildings 358,021 26
Stocks and Bonds Owned 40,000 00
Materials and Fuel on Hand 9,370 66
Other Property and Assets 22,682 18
Current Accounts 9,248 11
CashonHand 6,68126
General Balance 8/teet, December 81, 1888.
Capital Stock $867,00000
Funded Debt Outstanding 798,000 00
Bills Payable 18,286 90
Current Accounts 17,878 83
Cash in Hands of Treasurer 27 82
Profit and Los* 14,401 Iti
TotalAssets 81,530,08921 Total Liabilities $1,530,08921
Funded debt consists of 1st mortgage 6 per cent. 30-year coupon $1,000 gold bonds, due
May 1, 1914, interest April and October, $793,000, of which $154,000 bear only 8 per cent,
till April 1, 1887.
Annual meeting last Monday in April. Trustees of bonds and registrar of stock, Farm-
ers' Loan and Trust Co., New York.
Directors. — George M. Miller, Francis A. White, William A. Street, Henry Amy, George
H. Lincoln, James H. Smith, Calvin S. Brice, Samuel Thomas, New York, N. Y.; H. li.
Wolcott, E. F. Hallock, Denver, Col.; Frederick O. Prince, S. A. B. Abbott, Boston, Mass.
GEORGE M. MILLER, President 29 Wall Street, New York, N. Y.
H. R. Wolcott, Vice- President Denver, Col.
Secretary— G. W. Carr 29 Wall Street, N. Y. | Treasurer— W. A. Street 23 S. William Street, N. Y.
Auditor— B. R. Standish Denver, Col.
PRINCIPAL OFFICE AND ADDRESS Denver, Col.
Transfer Office New York, N. Y.
EUREKA SPRINGS RAILWAY COMPANY.
Line of Road. — Seligman, Mo., to Eureka Springs, Ark 18.50 miles.
Sidings, 1.81 miles. Gauge, 4 ft. 8£ in. Rail (steel, 18.50 miles), 50 and 56 Ibs.
History.— Chartered February 27, 1882 ; road opened February 1, 1883. Built by the
Western Construction Co. of Little Rock, Ark. The company has in contemplation the build-
ing of an extension of its road from Eureka Springs to Harrison, Ark., a distance of 49.25
miles.
Rolling Stock. — Locomotives, 2. Cars — passenger, 1 ; baggage, etc., 1 ; platform, 6 ;
service, 8 — total, 16. Other rolling stock furnished by St. L. & S. F. Ry. Co.
Operations for year ending December 31, 1886. — Trains run (passenger, 13,505 ; freight,
13,505), 27,010 miles. Passengers carried, 25,351. Earnings— passenger, $27,091.48 ; freight,
$33,087.02 ; mail and express, $2,495.42 ; miscellaneous, $13,872.14— total, $76,546.06. Ex-
penses maintenance of way, $4,470.57 ; motive power, $5,579.93 ; transportation, $7,370.05;
other, $8,956.17— total, $26,376.22. Net earnings (65.54 per cent.), $50,169.34. Payments :
Interet-t on 1st mortgage bonds, $30,000 ; on income bonds, $17,500 ; other payments, $219 —
total, $47,719. Balance, surplus, $2,450.34 ; surplus from last year, $2,055.46— total surplus
as per balance sheet, $4,505.80.
Financial Statement, December 31, 1886.— Capital stock (par value, $100), $500,000;
funded debt, 1st mortgage 6 per cent. 50-year bonds, due February 1, 1933, interest payable
February and August, $500,000 ; 2d mortgage income 6 percent, non-cumulative bonds, dated
February 1, 1883, $500,000 ; current accounts, $6,747.75 ; profit and loss, $4,505.80 — total,,
$1,511,253.55. Contra : Cost of road, equipment, etc., $1,500,000 ; supplies, $3,736.68 ; other
assets,' $1,522.58 ; Harrison extension, $209; due from other railroads, $1,758.08; cash on
hand, '$4, 027.21— total, $1,511,253.55. Securities mostly held by Construction Co.
Annual meeting, second Tuesday in March. Trustee of bonds, Mercantile Trust Co., of
New York, N. Y.
Directors (elected March 31, 1887).— R. C. Kerens, St. Louis, Mo.; Powell Clayton, F. M.
Richardson, Arthur H. Foote, J. B. Obenshain, Eureka Springs, Ark.; Logan H. Roots, Little
47
738 POOB'S MANUAL OF KAILBOAD8.
Rock, Ark.; Simon Baer, Fort Smith, Ark.; E. W. Taylor, Jefferson, Tex.; Nathan Hermann,
New York, N. Y.
R. C. KERENS, President St. Louis, Mo.
Powell Clayton, Vice-President and Manager Eureka Springs, Ark.
Treasurer— Logan H. Hoot Little Rock, Ark. | Sec. & Avd.— A. H.Foote Eureka Springs, Ark.
PRINCIPAL OFFICE AND ADDRESS Eureka Springs, Ark.
Transfer Office Little Rock, Ark.
FORT WORTH AND DENVER CITY RAILWAY COMPANY.
Line of Road (as projected).— Fort Worth, Tex., to Texas State Line 400.0 miles.
Completed October, 1886 ; Hodge, Tex., to Vernon, Tex 158.9 miles.
Sidings, etc., 11 miles. Gauge, 4 ft. 8^ inches. Rail (steel), 52 and 56 Ibs.
History.— Chartered May 26, 1873 ; road opened to Decatur, 35.8 miles, May 1, 1882 ; to
Bowie, 64.1 miles, July 1, 1882; to Henrietta, 91.4 miles, July 24, 1882; to Wichita Falls,
109.8 miles, September 24, 1883 ; to Harold, 143.3 miles, May 12, 1885, and to Vernon October
15, 1886. This company uses the track of the Missouri, Kansas and Texas RR. between Fort
Worth and Hodge, 3.9 miles, making total length of line operated, 162.8 miles.
Rolling Stock. — Locomotive engines, 12. Cars — passenger, 7 ; baggage, mail and express,
3; freight (box, 172; flat, 61; stock, 100 ; coal. 37), 370; special, 1 ; caboose, 9; other, 7 —
total, 397.
Operations for year ending October 31, 1886 (average, 126.27 miles). — Train mileage —
passenger, 113,903 ; freight, 180,872— total, 294,775 miles. Passengers carried, 64,124 ; car-
ried one mile, 3,920,894. Tons freight moved, 113,287.
Earnings.— Passenger 8102,399 07
Freight 381,224 97
Mail and Express 22,471 24
Miscellaneous 17,084 53
Total (§2,859.32 per mile) $423,179 81
Expenses.— Transportation §75,863 66
Motive Power and Cars 86,522 31
Maintenance of Way 58,231 30
Miscellaneous... . 27,48880
Total ($1,676.40 per mile) $248,106 07
Net earnings (41.38 per cent.), $175,073.74. Paid interest on bonds, $165,000; taxes,
$10,313.15; insurance and renewals, $2,274.88— total, $177,588.03. Deficit for year, $2,-
514.29. Surplus from last year, $177,350.43. Surplus, October 31, 1886, $174,836.14.
Financial Statement, October 31, 1886. — Capital stock (authorized, $20,000 per mile;
par, $100 per share), $2,880,000 ; funded debt 1st mortgage 6 per cent. 40-year bonds, due De-
cember 1, 1921, interest payable June and December, at the office of the trustee, outstanding,
$2,750,000.
Annual meeting second Tuesday in December. Books close thirty days prior to meeting.
Stock must be owned thirty days to entitle holder to vote. Stock and bonds listed 011 New
York Stock Exchange.
These bonds are for $1,000 each, and are coupon with provision for registration. They
are issued at the rate of $25,000 per mile on the first 144 miles, and $16,000 per mile on the
rest of the road. The latter sum is the limit fixed for all road to be built after December 28,
1886. Trustee of bonds and registrar of stock, Mercantile Trust Co. of New York. Since
close of the fiscal year the road has been completed to a point 245 miles from Hodge, an exten-
sion of 86.1 miles, and stock and bonds have been issued on the extension at the rate of $20,-
000 of the former and $16,000 of the latter per mile. Issued to June 20, 1887— stock, $4,900,-
000 ; bonds, $5,216,000.
The Denver, Texas and Fort Worth JRR. Co. was organized in April, 1887, and will build
the connecting link between this company's road and the Denver, Texas and Gulf RR., thereby
completing a through line from Denver, Col., to Fort Worth, Tex., about 800 miles in length.
It is intended to consolidate the three companies under the title of the Denver, Texas and
Fort Worth RR. Co., and to build an extension from Fort Worth to the Gulf of Mexico, to-
gether with about 50 miles of branches and spurs. The capital stock of the consolidated com-
pany will be $30,000,000, and provision has been made for an issue of first mortgage 5 per
POOR'S MANUAL OF RAILROADS. 739
cent. 50-year bonds to the amount of $20,000 per mile, to provide the means for the construc-
tion of the Denver, Texas and Fort Worth Connecting Railroad.
Directors (elected December 7, 1886).— Morgan Jones, J. P. Smith, Wm. H. Harrison,
J. M. Brown, Isaac Dahlman, Fort Worth, Texas ; T. W. Pearsall, A. J. Mayer, J. T. Gran-
ger, New York, N. Y. ; W. T. Walters, Baltimore, Md.
MORGAN JONES, President Fort Worth, Tex.
Thomas W. Pearsall, Vice-President 15 Broad St., New York, N. Y.
Treasurer— J. T. Granger New York, N. Y. | Secretary and Auditor— W.-A. Ross. . Fort Worth, Tex.
PRINCIPAL OFFICE AND ADDRESS Fort Worth, Tex.
Transfer Office 1 Broadway, New York, N. Y.
FORT WORTH AND RIO GRANDE RAILWAY COMPANY.
Line of Road (as projected). — Fort Worth, Tex., to Brownwood, Tex 130.0 miles.
Completed June 1, 1887 : Fort Worth, Tex., to Granbury, Tex 40.5 miles.
Gauge, 4 ft. 8| in. Rail (steel), 56 Ibs. per yard.
History. — Incorporated in May, 1885; construction begun in November, 1886, and road
completed to Granbury, June 1, 1887. The road will be completed to Brownwood during the
year, and connection made at that point with the Gulf, Colorado and Santa Fe Ry.
Rolling1 Stock. — Locomotive engines, 3. Cars — passenger, 3 ; freight, 60 ; other, 2 —
total cars, 65. Additional equipment has been contracted for.
Financial Statement. — Capital stock, $15,000 per mile ; funded debt, $15,000 per mile
first mortgage 6 per cent. 30-year gold bonds, due July 1, 1916. interest payable January aud
July, principal and interest payable in New York. Trustees, Knickerbocker Trust Co., New
York.
Directors.— B. B. Paddock, E. T. Hollis, W. T. Lake, W. H. H. Lawrence, 0. B. Colton,
Fort Worth, Tex.; H. B. Hollins, W. H. Beers, New York, N. Y.; E. E. Denniston, Phila-
delphia, Pa. ; E. P. Alexander, Savannah, Ga.
B. B. PADDOCK, President Fort Worth, Tex.
O. B. Colton, Vice-President and General Manager Fort Worth, Tex.
Secretary— E. T. Hollis Fort Worth, Tex. | Treasurer— C. L. Horton ... . . .New York. N Y
Auditor— A. F. Zabriskie Fort Worth, Tex.
PRINCIPAL OFFICE AND ADDRESS Fort Worth, Tex.
Financial Agency H. B. Hollins & Co., 18 Wall Street, New York, N. Y.
GALVESTON, HOUSTON AND HENDERSON RAILROAD COMPANY.
Line of Road. — Galveston, Tex., to Houston, Tex 50 miles.
Sidings, etc., 25 miles. Gauge, 4 ft. 8| in. Rail (steel, 43 miles), 50 and 56 Ibs.
History. — Chartered in 1848 ; road opened in 1854 ; foreclosed December 1, 1871, and re-
organized December 16, 1871. Gauge changed from 5 ft. 6 in. to 4 ft. 8i in. in 1876. De-
faulted in 1880 ; receiver appointed iu September, 1880. Again sold under foreclosure
August 1, 1882, and reorganized 1st of December in that year. On the first of January, 1883,
the International and Great Northern RR. Co. assumed control of this line under a lease for
99 years,the lessee paying interest on bonds, and to lessor all surplus net earnings above
expenses, taxes, etc.
Rolling Stock, December 31, 1886. — Locomotive engines, 15. Cars — passenger, 13 ;
baggage, mail and express, 4 ; freight (box, 67; stock, 21 ; flat, 45; caboose, 3), 136 — total,
153. Service cars, 20.
Operations for year ending December 31, 1886. — Trains run (passenger, 137,682; freight,
82,178), 219,860 miles. Passengers carried, 113,484 ; carried one mile, 4,297,015. Freight
moved, 169,598; moved one mile, 8,140,185 tons. Earnings — passenger, $97,320.89; freight,
$279,103.63 ; mail and express, $15,159.43 ; other, $9,448.17— total, $401,031.12. Operating
740
POORS MANUAL OF RAILROADS.
expenses, $395,355.39. Net earnings, $5,675.73. Receipts from sundry other sources, $251,-
863.73. Total available revenue, $257,539.46. Payments : Interest on bonds, $100,000 ;
taxes, interest and exchange, $15,701.42— total, $115,701.42. -Balance, surplus, $141,838.04 ;
deficit from last year, $188,744.75— total, deficit, $46,906.71.
Statement of operations, earnings, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Passengers Carried
69,195
47.850
76,025
91,195
83,939
78,619
113.484
Passenger Miles
2,416,«53
1,990,108
2,957,400
3,017,503
2,910,159
2,719,705
4,297,015
Freight (tons) Moved
205,220
168,121
158,752
189,190
145,049
122,897
169,598
Freight (ton) Miles
9,928,275
7,492,133
7,496,328
9,239,199
7,020,438
6,052,102
8,140,185
Passenger Earnings
$
105,777
$
85,697
$
89,166
$
107,747
$
88,624
$
73,726
8
77,534
$
97,321
Freight Earnings
404,006
233,170
212,658
269,954
280,089
192,778
217,603
279,103
Miscellaneous
27,065
27,595
25,828
32,239
69,570
22,615
27,105
24,608
Gross Earnings
536,838
346,462
327,652
416,940
448,292
289,119
322,242
401,031
Operating Expenses
307,287
294,525
340,665
454,780
440,396
317,979
279,886
395,355
Net Earnings ...
229 551
51 939
7,896
42,356
5,676
Deficit
13013
37,840
28,860
Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile
10,736 94
6,145 74
4,591 20
7,143 56
6,072 67
1,071 89
5,553 04
6,813 30
— 260 26
8,338 80
9,095 60
- 756 80
8,965 85
8,807 93
157 92
5,782 38
6,359 59
- 577 21
6,444 85
5,597 72
847 13
8,020 62
7,907 10
113 51
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton. p. Mile.
57. 24 p. c.
4.40 c.
4.10 c.
85.00 p. C.
4.30 c.
3.11 c.
103.97 p. c.
3.02 c.
2.83 C.
109.08 p.c.
98.24 p. c.
2.94 C.
3.03 c.
109.98 p.c.
2.53 c.
2.75 c.
86.85 p. c.
2.85 c.
3.59 c.
98. 58 p. C.
2.26 c.
3.42 C.
General Balance SJieet, December 31, 1886.
Cost of Road, etc $3,000,000 00
Current Accounts ,
Profit and Loss —
59,624 44
46,906 71
Capital Stock $1,000,000 00
Funded Debt 2,000,000 00
Current Accounts 80,506 15
Other Liabilities. . . 26,025 00
Total Assets $3,106,531 15 Total Liabilities $3,106,531 15
The funded debt consists of 1st mortgage 5 per cent. 30-year bonds, dated April 1, 1883,
interest April and October (payable at Mercantile Trust Co., New York), principal and in-
terest guaranteed by the International and Great Northern RR. Co. Trustee of bonds, Mer-
cantile Trust Co., New York.
Ownership of stock for 30 days entitles holder to vote. Annual meeting in January.
Books close 30 days prior to meeting.
Directors (elected April, 1887). — Jay Gould, Russell Sage, New York city ; H. G. Flem-
ing, Palestine, Tex.; B. W. McCullough, Dallas, Tex.; Jas. A. Baker, F. A. Rice, Houston,
Tex.; W. P. Ballinger, Galveston, Tex.
JAY GOULD, President. New York, N. Y.
Wee-President— James A. Baker Houston, Tex. ! General Manager— S. H. H. Clark St. Louis, Mo.
Secretary and Treasurer — D. S. H. Smith. St. Louis, Mo. | General Supt. — Wm. Kerrigan St. Louis, Mo.
General Auditor— G. G. Warner, Esq St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS Galveston, Tex.
Transfer Office 195 Broadway, New York, N. Y.
GALVESTON, SABINE AND ST. LOUIS RAILWAY COMPANY.
Main Line of Road. — Galveston, Tex., to Sabine and Red River 400 miles.
Branch : Shelby County to Arkansas Line 50 miles.
Total length of projected road 450 miles.
Completed : Longview Junction, Tex., to Martins Creek, Tex 22 miles.
Sidings, 2 miles. Gauge, 3 feet. Rail, 35, 50 and 56 Ibs. per yard.
History. — Chartered December 18, 1882, and purchased in January, 1883, the railroad of
the Longview and Sabiue Valley RR. Co., extending from Longview Junction to Caniden, 11
miles, which had been opened. April 11, 1878. From Camden to Martins Creek, 11 miles was
built by existing company in 1884 and 1885. On January 15, 1886, the road and property
POOR'S MANUAL OP RAILROADS. 741
were placed in the hands of a receiver, by the United States Circuit Court 'sitting at Tyler, Tex.,
on the application of the Galveston and St. Louis Construction Co. Since the close of the fiscal
year the gauge (formerly 3 feet) has been made of standard width, and work is now (June,
1887) in progress on the extension of the line south to Carthage, Panola County, 17 miles
from Martins Creek.
Rolling Stock.— Locomotive engines, 2. Cars— box, 1 ; platform, 22 ; caboose. 1.
Operations for-year ending December 31, 1886.— Traffic statistics not reported. Earnings
—passenger, $2,051.30; freight, $23,312,95; mail, $670.64; miscellaneous, $1,979.29— total,
$28,014.18. Operating expenses, $11,766.01. Net earnings (58 per cent.), $16,248.17.
Payments out of net earnings: Improvement, $8,319.59; old debts, $484.55; old taxes,
$221.25— total, $9,025.89. Balance, surplus, $7,222.78.
Financial Statement.— Capital stock (authorized), $12,000 per mile ; 1st mortgage 40-
year 6 per cent, bonds (authorized), $15,000 per mile. Of the bonds only $10,000 per mile can
be issued on present road while a narrow gauge. Bouds outstanding, due 1924, interest pay-
able in New York and London semi-annually April and October, $210,000. Suit pending for
foreclosure.
Directors (elected January 15, 1886).— John Durand, Rochester, N. Y.; Thos. R. Smith
New York, N. Y.; George D. Harrison, J. M. Mobberly, I. fl. Crutcher, A. S. Taylor, Rich-
ard J. Evans, Longview, Tex. ; Thomas F. Hall, Carthage, Tex. ; Thomas M. Sloo, New
Orleans, La.
JOHN M. DUNCAN, Receiver Tyler, Tex.
R. J. EVANS, President Longview, Tex.
George D. Harrison, Vice-President Longview, Tex.
Secretary- -W '. W. Wood Longview, Tex. | General Manager— G. W. Booth Longview, Tex.
PBINCIPAL OFFICE AND ADDUESS Longview, Tex.
GULF, COLORADO AND SANTA FE RAILWAY COMPANY.
Main Mne of Road. — Galveston, Texas, to Gainesville, Texas 410.2 miles
Houston Division : Alvin, Texas, to Houston, Texas 24.0 miles.
Eastern Division : Somerville, Texas, to Conroe, Texas 72.2 mile*.
Fort Worth Division • \ TemPle. Texas, to Ballinger, Texas 191.0 miles.
m- \ Coleman, Tex., to Coleman Junction, Tex 5.7 miles.
Northeastern Division • \ Cleburne> Texas, to Dallas, Texas 53.6 miles.
' /Dallas, Tex., to Honey Grove, Tex 78.9 miles.
Total length of road December 81, 1886 835.6 miles.
Average length of road operated during year 669.0 miles.
Sidings, etc., 68 miles. Gauge, 4 ft. 8£ in. Rail (steel, 410 miles), 56 and 60 Ibs.
History. — Chartered May 28, 1873. Construction commenced in May, 1875. Main line
completed from Galveston to Arcola, 43 miles, in 1877, and to Richmond, 64 miles, in 1878.
On April 15, 1879, the road was sold under foreclosure and the company reorganized. On
August 1, 1880, the new company completed the line to Brenham, 126 miles ; to Belton in
February, 1881, and to Lampasas on May 15, 18S2. The Fort Worth branch was completed
and opened for business on December 8, 1881. The Eastern branch, formerly the Central
and Montgomery RR., was purchased and put in operation on June 15, 1882. The Dallas
branch was purchased and put in operation August 1, 1882.
During the year 1885, 89 miles of new road were opened as follows : 71 miles on main
line, from Lampasas to Brownwood, and 18 miles from Montgomery to Conroe. During the
year 1886 the following extensions were made : Brownwood, Tex., to Ballinger, Tex., 62.5
miles ; Dallas, Tex., to Honey Grove, Tex., 78.9 miles ; and Fort Worth. Tex., to Gainesville,
Tex., 64.4 miles, making a total construction of road opened during the-year of 205.8 miles.
This company has now under construction 110 miles of road on main line, from Gainesville
to Canadian River in the Indian Territory, and 32 miles from Ladonia to Paris, Tex.
The company is entitled to the State land grant of 16 sections (G40 acres each) for each
742
POOB'S MANUAL— GULP, COLORADO AND SANTA FE RY. C O
mile of road built and equipped. At the date of this report there were owing by the State
531,500 acres. The company also owns a large amount of laud along the line of its road,
and most of the town sites, all of which are yearly increasing in value.
.Rolling Stock, December 81, 1886. — Locomotive engines, 71. Cars — passenger, 39 ; bag-
gage, mail, etc., 23 ; freight (box, 825 ; stock, 197 ; platform, 691 ; coal, 100 ; caboose, 41),
1,854 — total, 1,916. Also, 1 special, 1 paymaster's, 2 pile drivers, 5 convict, and 2 wreck-
ing cars.
Operations for year ending December 31, 1886 (average, 669 miles). — See tabulated state-
ment below.
Earnings.— Passenger $402,982 78
Freight 1,833,91589
Mail , 45,658 30
Express 37,762 44
Miscellaneous 236,142 52
Expenses.— Maintenance of Way $461,375 05
Maintenance of Cars 111,166 17
MotivePower 678,08597
Transportation 577,392 40
Miscellaneous 55,583 59
Total (§3,821.32 per mile) $2,556,461 93 Total ($2,815.55 per mile) 81,883,603 18
Net earnings (26.32 per cent.), $672,858.75 ; received from sale of land, etc., $236,282.92
— total revenue, $909,141.67. Payments from net earnings — interest on funded debt, $762,-
660; taxes, $55,127.52 ; insurance, $14,675.03 ; sundry items, $3,904.30; advertising interest
coupons, $69.20— total, $836,436.05. Balance, surplus, $72,705.62.
The first mortgage bonds are limited to $12,000 per mile ; the second to $8,000 per mile
of main track. Of these, 10,140 first mortgage and 4,994 second mortgage bonds have been
sold and are listed on the New York Stock Exchange.
During the past year a practical consolidation and merger of this company with the At-
chison, Topeka and Santa Fe RR. Co. was effected on the basis of an exchange of stock of the
Atchison Co., at $8,000 per mile of road acquired, the completed and projected mileage call-
ing for an issue of $8,000,000 stock, the Atchison Co. also assuming this company bonds.
(See statement for Atchison Co.)
General Balance Sheet, December 31, 1886.
Construction, Equipment, etc $18,907,065 74
Lands and Wharf Property. .
Construction Telegraph Line
Beach Hotel Bonds
Materials and Fuel
Bills Receivable
Sundry Accounts
Due from Agents
Cash on Hand . . .
519,435 81
193,926 75
10,000 00
129,136 19
280.686 57
46,808 58
148,613 89
345,119 43
Total Assets $20,580,792
Statement of operations for five years :
Capital Stock $4.560,00000
Funded Debt 15,134,000 00
Pay Rolls and Vouchers 660,651 69
Coupons Unpaid 1,97500
Sundry Credits 133,021 62
Connecting Railroads 14,850 20
Income Account 76,294 45
Total Liabilities $20,580,792 96
Years ending July 31.
Ausr. 1, 1883,
to Dec. 31,
1884
Years ending December 31.
1882
1883
1885
1886
Average Miles Operated
361
278,474
462,733
109,006
6.095,196
347,176
39.961,051
3.3C.
2.5 c.
66 p. c.
$
201,289
978,946
70,838
493
394,295
760,176
244,434
11,788,399
432,792
63,066,544
2.8c.
2.5c.
62 p. c.
$
3*3.574
1,578,119
157,265
536
666,748
1,094,163
401,861
19,659,288
538,400
82,404,978
2.7C.
2.5C.
82 p. c.
$
542.241
2,037,919
201,049
554
419,908
703,108
243.771
12,158.351
337,080
55,551,412
2.6c.
2.5C.
71 p. C.
8
322,555
1,373,704
220,704
669
537,967
069,688
297,953
16,110.000
408.381
67,922,815
2.5c.
2. 7c.
73 p. c.
$
402.982
1,833.916
319,564
Passenger Train Mileage
Freight Train Mileage
Passengers Carried
Passengers Carried One Mile
Tons Freight Moved
Tons Freight Moved One Mile
Rate per Passenger per Mile
Rate per Ton per Mile
Expenses to Earnings
Passenger Earnings
Freight Earnings
Other Earnings
Total Earnings
1,251,073
810,955
2,068,958
1,289,891
2,781,209
2,288,087
1,916,963
1,351,729
8.556,462
1,883,603
Operating Expenses
Net Earnings
440,118
3,463 17
2,224 85
1,218 31
840 00
779,067
4,196 07
2,616 41
1,580 26
802 24
493,122
5,188 82
4,268 82
920 00
565,234
3,460 22
2,439 94
1,020 28
672.850
3,821 32
2.S15 55
1,005 77
Gross Earnings per Mile
Expenses per Mile
Net Earnings per Mile
Int. Charges per Mile
POOR'S MANUAL OF RAILROADS. 743
The funded debt consists of 1st mortgage 7 per cent. 80-year gold coupon bonds, due July
1, 1909, interest payable at New York January and July ; and second mortgage 0 per cent.
40-year coupon bonds, due October 1, 1923, interest payable at New York, April and October.
Annual meeting, first Monday in March. Books close for annual meeting and dividends
30 days prior thereto. Ownership of stock for 30 days entitles holder to vote. Trustees of
bonds : 1st mortgage, John S. Kennedy and Chas. M. Fry ; 3d mortgage, Fanners' Loan and
Trust Co.
Directors (elected March, 1887).— R. 8. Willis, George Sealy, Waters S. Davis, Web-
ster Snyder, W. B. Strong, Isaac T. Burr, A. W. Nickerson.
GEORGE SEALY, President Galveston, Tex.
R. S. Willis, 1st Vice-President Galveston, Tex.
Webster Snyder, 2d Vice-President and Gen. Man Galveston, Tex.
Sec. and Treasurer— Waters S. Davis. . Galveston, Tex. | Comptroller— J . P. Whitehead Boat in, Mass.
PRINCIPAL OFFICE AND ADDRESS Galveston, Tex.
HANNIBAL AND ST. JOSEPH RAILROAD COMPANY.
Main Line of Road.— Hannibal, Mo., to St. Joseph, Mo 206.41 miles.
{Q,uincy : Palmyra, Mo., to West Quincy, 111 12.77
Kansas City : Cameron, Mo. , to Kansas City, Mo 54. 13
St. Joseph : St. Joseph to Atchison 19.47 — 86.37 miles.
Leased. : Thompson's Switch, 111., to West Quincy, 111 1.42 miles.
Trackage : Thompson's Switch to Quincy, 0.55 ; Winthrop to Atchison, 0.48 1.03 miles.
Total length of lines owned and operated ' 295.23 miles.
Second track, 0.41 ; sidings, etc., 67.50 miles. Gauge, 4 ft. 8£ in. Rail (steel — owned,
301.79 ; leased, 1.42— total, 304.21 miles), 56 and 66 Ibs.
History. — Company chartered February 16, 1847; construction commenced 1853 ; opened
from Hannibal to Bevier, 75 miles, June 25, 1858 ; road completed to St. Joseph, February,
1859. The branches were built under separate charters — the Quincy, as the Quincy and
Palmyra RR.; the Kansas City, as the Cameron and Kansas City RR.; and the line to Win-
throp, opposite Atchison under the provisions of the Co.'s charter authorizing it to build
branches. The company received a land grant by act of Congress approved June 10, 1852,
under which 603,506 acres have been certified ; and loans from the State of Missouri to the
extent of $3,000,000 in bonds. For the purpose of making a consolidated mortgage as a first
lien on its road, the company issued, in June, 1881, $3,000,000 of consolidated mortgage bonds
(part of a proposed $8,000,000), and paid $3,000,000 over to the State. The State claimed, in
addition to this, the ^interest to maturity of its bonds. The company refused to pay the
January, 1882, interest, and the State defaulted. The U. S. Circuit Court has decided a
further sum of $476,049 to be due to the State. The case is now on appeal to the U. S.
Supreme Court. The bridge across the Missouri River at Kansas City is owned by this com-
pany, and makes a part of the Cameron and Kansas City Line. In 1880 a second track was
laid between the bridge and Union Depot, and is used jointly with the Chicago and Alton
RR. Co., which pays for the use thereof a rental of $9,500 a year. The Missouri Pacific Ry.
Co. uses the road between St. Joseph and Atchison, together with the terminal facilities at
both places. The Chicago, Rock Island and Pacific Ry. Co. pays rental for hauling its freight
cars between Cameron and Atchison.
During 1882 a controlling interest in this road was purchased by the Chicago, Burlington
and Quincy RR. Co., that company paying par for the preferred stock and $43.66 per share
for the common, in its 5 per cent, bonds.
Boiling Stock, December 31, 1886.— Locomotive engines, 78. .Cars — passenger, 35 ;
baggage, mail, etc., 14; freight (box, 1,089; stock, 172; platform, 45; coal, 437), 1,743.
Total revenue cars, 1,792. Also, 36 caboose and 141 other cars.
Operations for year ending December 31, 1886. — (See tabulated statement below.)
744
POOR'S MANUAL— HANNIBAL AND ST. JOSEPH KB. CO.
Comparative statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
292.35
414,118
988,095
282,379
21,545,368
622,553
111,987,174
8
566,876
1,247,835
182,695
292.35
410,268
975,603
324.228
19,925,041
716,739
120,665,740
8
553,839
1,713,079
294,473
292.35
468,223
1,178,243
352,370
20,948,599
661,340
107,830,360
$
546.885
1,529,832
180,514
292. &5
470,354
1,079,044
375,699
22,401,847
655,041
113,853,413
$
618,728
1,609.901
190,972
292.35
432,572
1,096,980
387,548
21,866,074
799,943
138,592,737
$
638,787
1,562,668
344,446
292.35
465,634
1,160,475
393,943
22,849,299
814,114
144,474,516
8
629,351
1,659,130
432,355
295.23
548,715
1,310,259
427,860
22,329,194
987,020
156,356,383
8
587,097
1,461,769
415,027
295.23
Passenger Train Miles. . .
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
s
585,137
1,507.596
421,267
Freight Earnings
Miscellaneous
Gross Traffic Earnings...
Transportation Expenses.
Net Traffic Earnings . ...
Grog* Earnings per Mile .
Gross Expenses per Mile.
Net Earnings per Mile . . .
Expenses to Earnings. ..
Av. Rate p. Pass. p. Mile
Av. Rate p. Ton p. Mile. .
1,997,406
1,233,422
2,561.391
1,304,590
2,257,231
1,437,292
2,419,601
1,375,776
2,545,901
1,523,102
2,720,836
1,681,423
2,4I>3.893
1,890,197
2,514,000
1,876,175
773,984
6,830 87
4,184 78
2,646 09
61.27 p. C.
2.64c.
1.01 c.
1,256,801
8,761 38
4,46-2 42
4,298 96
50.93 p. c.
2.76c.
1 .21 c.
819,939
7,720 99
4,916 34
2,804 65
63.67 p. c.
2.50C.
1.26c.
1.043,825
8,276 38
4,705 92
3,570 46
56.86 p. c.
2.55c.
1.22c.
1,022,799
8,708 40
5,209 86
3,498 54
59.83 p c.
2.92c.
1.13c.
1,039,413
9,278 21
5,871 87
3,406 33
63.28 p. c.
2.75c.
1.15c.
573,696
8,345 67
6,402 46
1,943 21
76.7! p. c.
2.63c.
0.93C.
637,825
8,514 70
6,354 96
2,160 43
74.03 p. C.
Earnings.— Passenger .. $585,13713
Freight 1,507,59602
Mail, Express, etc 421,266 72
Expenses.— Maintenance of Way
Motive Power and Cars Details
Transportation not
Miscellaneous Furnished.
Total ($8,514.70 per mile) $2,513,999 87 Total ($6,354.96 per mile) $1,876,175 39
Net earnings (23.29 per cent.), $637,824.48. Add other receipts, $18,824.61— total avail-
able revenue, $650,649.09. Payments : Interest on bonds, $539,417.33 ; rentals leased lines,
$6,000 ; other payments, $43,020.83— total, $588,438.16. Balance, surplus, $68,210.93.
General Balance Sheet, December 81, 1886.
Cost of Road, Equipment, etc $20,990,696 90 Capital Stock— Common $9,168,700 00
Stock? and Bonds 645,30279
Materials and Fuel 161,333 10
Other Property and Assets 2,877,222 52
Bills Receivable 297,535 31
Cash and Accounts 179,33420
Capital Stock— Preferred 5,083,024 00
Funded Debt 8,276,000 00
Other Liabilities 425,62989
Profit and Loss 2,198,070 93
Total Liabilities $25,151,424 82
Bonds
Total Assets $25,151,424 82
Annual meeting, first Tuesday in March ; books close thirty days prior thereto,
listed on New York Stock Exchange.
The funded debt of the company is as follows :
Mortgage.
Amount
Afloat.
Amount
Authorized.
Mature.
Intel est.
Rate.
Payable.
Amount.
Consolidated
$6,643.000
433,000
1,200,000
$8.000,000
500,000
1,200,000
March 1, 1911
Jan. 1, 1892
Jan. 1, 1892
6p.c.
8p.c.
lOp.c.
March & Sept.
Feb. & Aug.
Jan. & July.
$398,580
34.640
120,000
Quincy and Palmyra
Kansas City and Cameron
These are all coupon bonds of $1,000 each. Interest on bonds payable at Bank of North
America, New York City.
Directors (elected November, 1886).— C. E. Perkins, J. M. Forbes, J. L. Gardner, C. J.
Paine, F. W. Hunnewell, S. Bartlett, E. C. Perkins, T. J. Coolidge, Boston, Mass.; W. W.
Baldwin, Burlington, la.
C. E. PERKINS, President ................................. Boston, Mass.
Secretary— W. J. Ladd ................... Boston, Mass.
Transfer Agent— J. L. Carter .......... Boston, Maas.
Treasurer— J. C. Peasley ................. Chicago, 111.
General Supl.—S. E. Crance ............ St. Joseph, Mo.
............ .
General Manager— Vf . F. Merrill ................. St. Joseph, Mo.
PBINCIPAL OFFICE ANI> ADDRESS ................................ St. Joseph, Mo.
POOR'S MANUAL OF RAILROADS. 745
HOT SPRINGS BRANCH RAILROAD COMPANY.
Line of Road. — Malvern, Ark., to Hot Springs, Ark 25 miles.
Opened November, 1875. Sidings, 4 miles. Gauge, 8 ft. Hail (steel), 52 Ibs.
Rolling Stock. — Locomotive engines, 8. Cars — passenger, 5; baggage, etc., 2; freight
(box), 28 ; stock, 2 ; platform, 10), 40— total, 47.
No report of operations or earnings is made. Information refused.
Financial Statement. — Capital stock, $600,000, representing cost of road, etc. The
company has no bonded debt.
J. REYNOLDS, President Chicago, 111.
Secretary and Treasurer— J. Reynolds Chicago, 111. | Superintendent— 3. N. Conger Hot Springs, Ark.
Auditoi — M. N. Pierce Ilot Springs, Ark.
PRINCIPAL OFFICE AND ADDRESS Hot Springs, Ark.
HOUSTON AND TEXAS CENTRAL RAILROAD COMPANY.
Main Line of Road.— Houston, Tex., to Red River City, Tex 344.80 miles.
Austin Branch : Hempstead to Austin, Tex 118.75
Ross Branch : Bremond to Ross, Tex 57.00 — 175.75 miles.
Total length of lines operated 520.55 miles.
Sidings and other tracks, 37.50 miles. Gauge, 4 ft. 8| in. Rail, 54 and 56 Ibs.
History.— Chartered March 11, 1848. Main line completed March 11, 1873 ; Austin
Branch opened in 1871 ; Ross Branch in 1878. The company has a land grant from the State
of Texas covering 16 sections, or 10,240 acres, for every mile of road constructed and
equipped.
Default was made January 1, 1885. Suit brought by Southern Development Co. under a
claim for $600,000 money advanced to pay interest and for other purposes. Receivers ap-
pointed February 23, 1885. On May 26, 1886, the suit of the Southern Development Co. was
dismissed, and the receivers appointed under it discharged. On the same day new receivers
were appointed on the suit of the first mortgage bondholders. Application has been made by
the trustees of the several mortgages for a foreclosure and sale of the property.
Rolling Stock. — Locomotive engines, 69. Cars — passenger, 31 ; baggage, mail and ex-
press, 21 ; freight (box, 1,060 ; stock, 90 ; platform, 518 ; coal, 103), 1,771— total cars, 1,823.
Also 15 service cars.
Operations for year ending December 31 , 1885. — Trains run — passenger, 725,230; freight,
775,130— total, 1,500,360 miles. Passengers carried, 517,257 ; carried one mile, 21,234,684 ;
average mile rate, 2.75 cents. Tons of freight moved, 414,277 ; moved one mile, 68,781,220:
average mile rate, 2.83 cents.
Earnings.— Passenger $583,95371
Freight 1,949,29261
Mail and Express 124,765 14
Miscellaneous 81,903 68
Total ($5,151. 32 per mile) $2,739,91514
Expenses.— Maintenance of Way $750,205 29
Rolling Stock 649,443 65
Transportation 479,060 64
Miscellaneous and Taxes 178,66791
Total ($8,942.71 per mile) $2,052,377 49
Net earnings (25.09 per cent.), $687,537.65. Payments : Interest and principal of State
loan, $45,698.82 ; interest on floating debt, $22,418.29 ; repairs and equipment, $160,181.73
—total, $228,298.84. Balance, surplus, $459,238.81.
Earnings under the receivership from February 23 to December 31, 1885, $2,464,504.64 ;
expenses same period, $1,702,341.06; net earnings, $762,163.58. Paid taxes, $72,715.84;
interest on floating debt, $9,023.95 ; on State loan, $24.311.63 ; sinking fund State debt,
$8,103.88— total, $114,155.30. Balance, surplus, $648,008.28. Deduct, improvements and
equipment, $125,344.63 ; accounts due by company prior to receivership,-$265,722.02 — total,
$391,066.65. Surplus unapplied, $256,941.63.
(General Account (Receivers'), December 31, 1885.— Mortgage bond land sales ($16.~>. ?;:!..
97 ; less paid to trustees, $131,629.32), $34,144.65; pay rolls and vouchers, $270,958.38 ; open
746
POOR S MANUAL OF RAILROADS.
accounts, $164,942.75; surplus, as above, $256,941.63— $726,987.41. Contra: Mortgage
bond land sale fund, $34,144.65 ; due by agents and others, $207,079.70 ; cash, $485,763.06
—total, $726,987.41.
General Balance Sheet, December 31, 1884.
Cost of Road and Buildings $24,633,728
Equipment 2,398,821
Real Estate 1,023,823
Other Assets 3,598,007
Capital Stock $7,726,900
Funded Debt 16,874,000
Other Liabilities 5,547,437
Profltand Loss 1,484,542
Total Assets $31,653,379 Total Liabilities.
Statement of funded debt, September 30, 1884 :
.$31,633,379
CLASSES OF BONDS.
Date of
Issue.
Interest.
Date of
Maturity.
Author-
ized.
Out-
standing.
Annual
Interest.
1st Mortgage Main Line
July 1, 1866
Dec. 20, 1870
July 1, 1873
Oct. 1, 1872
May 1, 1875
May 1, 1877
;d in June, 188
7 p. c , J. & J.
7 p. c , J. & J.
7 p. c , J. & J.
8 p. c , A. & O.
8 p. c , M. & N.
6 p. c , A. & O.
1, and all retiree
July 1, 1891
July 1, 1891
July 1, 1903
Oct. 1, 1912
May 1, 1915
April 1, 1921
at date excep
8
6,896,000
2,375,000
1.140,000
4,874,000
I 567,000
18,500,000
$
6,262.000
2,270,000
1,140,000
4,118,000
84,000
3,000,000
500
8
438,340
158,900
79,800
329,440
6,720
180,000
1st Mortgage Western Division
1st Mortgage Waco &N. Western.
Consolidated Mortgage
Consolidated Mortgage W. & N.W.
General Mortgage
Income and Indemnity of 1887, call
Total amount of bonds and anr
34,352,000
16,874,500
1,193,200
Later information refused.
Directors (elected May 5, 1884).— J. A. Cisco, C. P. Huntington, New York City ; J. G.
Schriever, A. C. Hutchinson, New Orleans, La. ; J. Waldo, J. J. Atkinson, A. H. Swauson, E.
W. Cave, Houston, Tex.; Charles Fowler, Galveston, Tex..
Receivers. — Nelson S. Easton, James Rintoul, New York, N. Y. ; Charles Dilliugham,
New Orleans, La.
A. C. HUTCHINSON, President New Orleans, La.
Secretary and Auditor — H. Hall Houston, Tex. I Treasurer— E. W. Cave Houston, Tex.
General Trans. Manager— A. H. Swanson Houston, Tex.
PRINCIPAL OFFICE AND ADDRESS Houston, Tex.
HOUSTON BELT RAILROAD OF 1883.
Line of Road (as projected). — Around the city limits of Houston, Tex 20 miles.
Gauges, 3 ft. and 4 ft. 8£ in. Rail, 56 Ibs.
History.— Chartered September 19, 1881.
Financial Statement.— Capital stock, authorized, $6,338 ; accounts, $309.92— total, $6,-
647.92. Cost of road, $4,041.18 ; real estate, $1,700 ; materials and fuel, $906.74. The com-
pany has made provision for an issue of bonds not to exceed $20,000 per mile.
Directors (elected October 4, 1883).— J. R. Morris, J. E. Fisher, W. H. Albertson, Hous-
ton, Tex.; E. J. Sandmeyer, R. H. Harrison, Columbus, Tex.; John J. Steven, San Antonio,
Tex.; D. T. Davis, Harrisburg, Tex.
R. H. HARRISON, President Columbus, Tex.
Vice-President— J. R. Morris Houston, Tex. | Sec. and Treas.—J&cob E. Fisher New Orleans, La.
PRINCIPAL OFFICE AND ADDRESS Columbus, Tex.
HOUSTON, EAST AND WEST TEXAS RAILWAY COMPANY.
Line of Road. — Houston, Tex., to Logansport, La 192 miles.
Sidings and other tracks, 10 miles. Gauge, 3 ft. Rail (steel, 76 miles), 35 and 40 Ibs.
History. — Chartered March 11, 1875. Road opened to Goodrich, 62 miles, in 1879 ; to
Moscow, 87 miles, in 1880 ; to Burke, 110 miles, in 1881 ; to Nacogdoches, 138 miles, in 1882 ;
to 5 miles beyond Sterne Station, 155 miles, in 1883. Work on the extension to Loganspor
POOR'S MANUAL OF RAILROADS. 747
waa^egun about May 1. 1884. Receiver appointed July 8, 1885, and work temporarily dis-
continued. Construction resumed by tbe receiver about September 1, 1885, and the exten-
sion completed to tbe Sabine River about December 1, 1885. See Sbreveport and Houston,
below. Default was made in payment of 1st mortgage coupon maturing November 1. 1886.
The company is entitled to tbe usual State land grant of 10,240 acres per mile.
Rolling Stock. — Locomotive engines, 16. Cars — passenger, 8; combination, 5 ; baggage,
etc., 4; freigbt (box, 108 ; stock, 8 ; platform. 511), 617— total, 634. Also, 80 band cars.
Operations for year ending December 81, 1884, 140 miles (latest furnisbed).— Trains
run (passenger, 88,200 ; mixed and freight, 87,600 ; extra freight, 74,404), 250,204 miles.
Passengers carried, 86,273. Freight moved, 86,483 tons.
Earnings.— Passenger $33,90414
• Freight 232,562 35
Mail and Express 9,737 38
Miscellaneous 5,347 98
Total ($-2,011.08 per mile) $281,551 85
Expenses.— Maintenance of Way $63,CC3 92
Rolling Stock 8,430 25
Transportation 7,123 65
Miscellaneous 9,473 11
Total ($776.36 per mile) $108,690 98
Net earnings (61.36 per cent.), $172,860.92.
Financial Statement, December 81, 1884.— Capital stock (authorized, $10,000,000), $1,-
920,000 : funded debt, 1st mortgage 7 per cent. 20-year bonds, due May 1, 1898, interest May
and November, $1,844,000 ; 2d mortgage land grant 6 per cent. 30-year bonds, due January,
1913, interest January and July, $750,000 ; floating debt, $160,172.44— total liabilities, $4,-
174,172.44. Contra: Cost of road, equipment, etc., $3,448,125 ; 75,000 acres land at $5 per
acre, $375,000 ; town lots in Houston, etc., $100,000 ; 2d mortgage bonds on hand, $750,000—
total assets, $4,673,125. Later information refused.
Plans for the reorganization of tbe company are under consideration.
SHREVEPORT AND HOUSTON RAILWAY.— Shreveport, La., to Logansport, La., 40 miles.
Organized early in 1884, by parties affiliated with the Houston, East and West Texas Ry., to build an extension of
that road from Logansport to Shreveport. Work was begun about May 1, 1884, and road completed from Shreve-
port to Keachi, 23 miles, in May, 1885. Receiver appointed July 8, 1885, and construction stopped. Work re-
sumed by the receiver about September 1, 1865, and road completed to Logansport about a month later. Early
in December, 1885, the receiver was discharged, and the road restored to the company. The connection with the
Houston, East & West Texas Ry. was made Jan. 26, 1886, when tlie bridge across the Sabine River was com-
pleted, and the first through train run. The entire road from Houston, Tex., to Shreveport, La., 230 miles,
is to be operated as one line, but under different companies in Louisiana and Texas. Stock, bonds, etc., not re-
ported. E. L. BKEMOND, President. New York, N. Y.; S. B. McCutcheon, Vice-Prtsident, Shreveport, La.; N.
McDonald, Treasurer, New York, N. Y. ; A. Cnrrie, Secretary, Shreveport, La. CORPORATE OFFICE, Houston,
Tex.
Board of Directors ff., E. and W. T. Ry. Co.
I. W. House Houston, Tex. | E. P. Hill Houston , Tex. | W. E. Laflin Gal veston, Tex.
William M. Rice New York, N. Y. | James Appleby Houston, Tex.
M. G. HOWE, Receiver Houston, Tex.
T. W. HOUSE, President and Treasurer Houston, Tex.
Vice-President— &. P. Hill Houston, Tex. | Secretary and Auditor— Eugene Dargan .. Houston, Ter.
General Superintendent— J '. C. Matthews Houston, Tex.
PRINCIPAL OFFICE AND ADDRESS Houston, Tex.
INTERNATIONAL AND GREAT NORTHERN RAILROAD COMPANY.
f D A $ Longview, Tex., to Houston, Tex 232
Lines ot Koad.— -j Palestjne> Tex., to Laredo, Tex 415—647 miles.
C Columbia : Houston to Columbia, Tex 50
Huntsville : Phelps to Huntsville, Tex 8
Branches : \ Mineola : Troupe to Mineola, Tex 44 — 102 miles.
Georgetown RR.: Georgetown to Round Rock, Tex 10
[ Henderson and Overton RR.: Henderson to Overtoil, Tex 16 — 26 miles.
Leased : Galveston, Houston and Henderson RR 50 miles.
Total length of road operated January 1, 1887 825 miles.
Sidings, etc. (owned, 84 ; leased, 25), 109 miles. Gauge, 4 ft. 8£ in. Rail (steel [owned, 527;
leased, 43], 570 miles), 50, 52, 56 and 58 Ibs.
At Laredo a connection is opened with the line of road now in progress from the Rio
Grande to tbe City of Mexico.
History.— This company is a consolidation, September 22, 1873, of the International RR.
748 POOR'S MANUAL — INTERNATIONAL AND GREAT NORTHERN RR. co.
Co. (chartered August 17, 1870; road opened to Longview in December, 1872), and the Hous-
ton and Great Northern RR. Co. (chartered October 22, 1876, and main line opened to Pales-
tine in 1872). The Huntsville branch of the latter line was chartered April 4, 1871, and com-
pleted in 1872. The line from Houston to Columbia was chartered as the Houston, Tap and
Brazoria RR. Co., September 1, 1856 ; completed in 1860, and purchased by the H. & Q. N.
RR. Co. in 1871. In January, 1874, the line of the International Road was further opened
from Hearne to Rock land, and in April of the same year the H. & G. N. line from Troupe to
Mineola. In 1876 the extension of the International line to Austin was completed. To aid
the company in completing the road, the bondholders funded a portion of their coupons — four
on 1st mortgage, and eight on the others — into 7 per cent, gold bonds, preferred, and which
take rank before the original bonds.
The State of Texas granted to the H. & G. N. RR. Co. the usual land subsidy, and to the
International RR. Co. a bond subsidy of $10,000 per mile, for which the land grant, with 25
years' freedom from taxation, was substituted by a subsequent act of the Legislature. The
totel grant is not less than 5,000,000 acres, and is vested by purchase in the Texas Land
Company.
In April, 1878, at the suit of the 2d mortgage bondholders, the road was placed in the
hands of a receiver, and was sold to a committee of the bondholders, by whom it was reor-
ganized. By the terms of reorganization, holders of old H. & G. N. bonds received $1,278.95,
and holders of old International bonds $1,294 for each $1,000 bond, which amounts were
paid, one half in new 1st mortgage 6 per cent, bonds, and one half in new 2d mortgage 8 per
cent, income bonds. The total issue of new 1st mortgage bonds to bondholders was $4,724,000,
and for secured debt, $900,000, or $9,624,000 in all. Of the new 2d mortgage income bonds,
$4,724,000 were issued to bondholders.
During the year 1881 the International and Great Northern RR. was purchased by the
Missouri, Kansas and Texas Ry. Co., the shareholders of the I. & G. N. RR. Co. receiving two
shares of the stock of the M., K. & T. Ry. Co. in exchange for each share held by them.
The Galveston, Houston and Henderson RR. is leased for interest on its bonds, and any
surplus over interest, taxes and expenses. Possession was taken of the road on the first of
January, 1883. The operations of that line are not included in the statements following.
(See GENERAL INDEX.)
Rolling Stock, December 31, 1886. — Locomotive engines, 73. Cars — passenger, 33 ; bag-
gage, mail, etc., 18; freight (box, 504; stock, 225; platform, 371 ; coal, 255; caboose, 44),
1,399— total, 1,450. Also, 48 service cars.
Operations for year ending ending December 31, 1886. — See tabulated statement below.
Earnings. -Passenger $606,812 62
Freight 2,155,25043
Mail 96,440 34
Express.....* 55,045 31
Miscellaneous 12,317 61
Total ($3,775.31 per mile) $2,925,866 31
Expenses.— Maintenance of Way $ 652,336 28
Maintenance of Cars 102,428 74
Motive Power 542.117 57
Transportation 583,104 78
General.. . . 78,480 63
Total ($2,527.12 per mile) $1,958,518 00
Net earnings (33 per cent.), $967,348.31.
Income Account, year 1886.
Net Earnings, 1886 $967,348 31
Interest and Dividends. 6,75000
Sundries* 943,217 32
Balance, January 1, 1886 2,612,858 50
Total §4,530,174 13
Interest on I. & G. N. Bonds $895,270 00
Interest on Colorado Bridge Co. Bonds 15,750 00
Taxes, etc., Paid 60,63S 04
Balance December 31, 1886 3.558,516 09
Total... $4,530,17413
Cost of Road and Equipment $28,040,178 71
Stocks and Bonds Owned 252,492 70
Real Estate 207 00
Current Accounts 267,706 47
CashonHand 1,57211
General Balance Slieet, December 31, 1886.
Total Assets $28,562,156
Capital Stock $9.755,000 00
Funded Debt 15,008,000 00
Interest Due and Accrued 240.640 90
ProfitandLoss 3,558,516 09
Total Liabilities §28,562,156 99
* This amount includes an allowance of $934,083.55, made by the M., K. & T. Co. to the I. & G. N. Co. in
adjustment of accounts for past years.
POOB8 MANUAL OF BAILBOADS.
749
Statement of operations, capital account, etc., for eight years :
1879
1880
1881
1882
1883
1884
1886
1886
Miles of Railroad
Passenger Train Miles.
Freight Train Mile*...
Passengers Carried
Passenger Miles
Freight (tons i Moved. .
Freight (ton) Miles. . . .
Passenger Earnings.
Freightf Earnings
Miscellaneous. .".
519.30
tajtn
541.40
113.317
Off JUt
U5.9U
787.00
64H.179
254,188
281,196
mta
^ffvOM
459.536
M>,817
MMft
48U80
775.00
812,105
1,666,**
48t,17f
775.00
775.00
775.00
4.34.150
jB.4 !.',..>]
sujau
1,106,798
»i" .-M 1
B89.UB
310,053
1,890,880
106,921
337,075
L^OBJBM
132,943
687,022
M1MC
135,228
727,
7,936
2,404,534
MJH
817,
17,321
MUJOB
I4M.7DO
wjan
175,438
I3H
va~ '<••',
Gross Earnings
Expenses and Taxes
1,175.863
1,178,467
tjmjtst
LJMJH
ystn&n
1,106,369
2,481,717
: 'Ovoi-,
Net Earnings
Gross Earnings per Mile. . .
Kxi<en*es per Mile. .
Xet Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile
Aver. Rate p. Ton p Mile.
Capital Stock
Funded Debt
Past Due Coupons ,
Bills Payable
Other Liabilities . .
Profit and Loss. . .
597,396
3,416 72
t.-j:~ 5'-.
1,151 16
66.36 p. c.
4.22 c.
3.09 C.
9,448,000
709.200
8,7*0 «
(,468 SI
1,33712
64.72 p. c.
3.95 c.
2.99 c.
tjmjm
11,448,000
731,528
954,252
•Km
!*-,' .>
74. 22 p. c.
4.21 c.
2.02 c.
9,756,000
15,008,000
66.98 p. c.
BJ0C.
2.26 c.
1,23130
72. 23 p. c.
2.94 c.
2.03 c.
9,755,000
3,11853
79. 46 p. c.
2.94 c.
1.90 c.
BMJM
M0B7*
2.341 74
1,06405
68.76 p. c.
2.f4 c.
1.71 c.
tjmjm
2,52712
1,24819
67.01 p. c.
-' KJ c.
1.65 C.
!<.">..'' <JO
15,008,000
371.943
MM
3,162,877
255,500
199,442
3,212,450
294.093
3,101,076
294,483
3,064,784
826,641
240,641
3.r,.>..-Hj
Total Liabilities
Road and Equipment
Stocks and Bonds
Cash and Other Assets
Profit and Loss
18.489.204
18,443.023
46,181
21,462,446
28,174.892
27,646.587
607,560
172,762
247,543
122,291
28,122,267
27.-vi7.lM
MMH
4,664
28,178,743
28,202,499
821
28.562,157
S9J,040,179
1,738
Total A^fs.
18,489,204
21,463,446
28,174,898
28,158,169
28,122,267
28,178,743
28^02,499
^..v;a.:."
Funded Debt consisted December 31, 1886, of—
1st mtge. 6 per cent, gold 40-year bond*, due Nov. 1, 1919, interest May and Nov. $7, 954, 000
2d mtge. income 8 per cent. 30-year bonds, due Sept. 1, 1909, int. March and Sept. 85,500
2d mtge 6 p. c. gold bds. , dated June 15, 1881, due Sept. 1, 1909, int. March & Sept. . . 6,968,500
The company is also responsible for $225,000 7 per cent. 40-year bonds of the Colorado
Bridge Co., dated July 1, 1880. The above are all coupon, $500 and $1,000 bonds.
Annual meeting, first Monday in April. Books close for annual meeting thirty days prior
thereto. Bonds listed on New York Stock Exchange. Trustees of bonds : John S. Kennedy
and Samuel Sloan, the Fanners' Loan & Trust Co., Samuel Thome, W. W. Phelps, and John
S. Barnes. Registrar of stock, Farmers' Loan and Trust Co.
GEORGETOWN RAILBO AD.— Georgetown, Tex., to Round Rock, Tex., 10 miles. Sidings, 1 mile.
Chartered May 31, 1878 ; opened December 11, 1878. Sold under foreclosure August 6, 1879, and leased by the
I. & G. X. RR. Co.
HENDERSON AND OVERTON RAILROAD.— Henderson, Tex., to Overton, Tex., 16 miles.
Sidings, 0.5 mile. Chartered April 6, 1874 ; opened May 8, 1877. Leased by the I. & G. N. RR. Co.
Board of Directors 1. & O. N. RR. Co., elected April 4, 1887.
Russell Sage Xew York, N. Y. S. H. H. Clark St. Louis, Mo.
Jas. A. Baker Houston, Tex.
F. A. Rice Houston, Tex.
Ira H. Evans Palestine, Tex.
W. R. Maxw ell Palestine, Tex.
H. G. Fleming Palestine, Tex.
A. L. Hopkins Xew York, N. Y.
Jay Gould New York, N. Y.
JAY GOULD, President New York, N. Y.
S. H. H. Clark, 1st Vice- President and Gen. Man St. Louis, Mo.
Secretary and Treasurer— D. S. H. Smith . St. Louis, Mo. | Afft. Sec. & Treat.— H. B. Benson .... Xew York, X . Y .
Superintendent— Wm. Kerrigan St. Louis, Mo.
PRINCIPAL OFFICE A?n> ADDRESS Palestine, Tei.
Fiscal Agency and Transfer Office 195 Broadway, New York City.
KANSAS AND GULF SHOET LINE RAILBOAD COMPANY.
Line of Road.— Tyler, Tex., to Lufkin 90 miles.
Sidings, etc., 5 miles. Gauge, 3 ft. Bail (steel, 95 miles), 85 IDS.
750 POOR'S MANUAL OF RAILROADS.
History. — Chartered February 18, 1880 ; first section of road opened December 18, 1882;
completed to Lufkin, where it connects with, the Houston, East and West Texas RR., Novem-
ber 1, 1885. It is proposed to build an extension from Lufkin to Rockland, 44 miles, making
total length of road 134 miles.
Rolling Stock, December 31, 1885. — Locomotive engines, 5. Cars — passenger, 4 ; bag-
gage, mail and express, 2 ; freight (box, 50 ; platfonn,'25 ; stock, 3 ; coal, 40), 118 ; caboose,
2 — total, 126. Also 10 service cars.
Operations for two months ending December 31, 1885. — Train mileage and passenger
traffic, not reported. Tons freight moved, 6,523 ; moved one mile, 350,408. -Earnings — pas-
senger, $5,005,10; freight, $23,821.29; mail, $450.51; express, $528.37; miscellaneous,
$176.98 — total, $29,982.25. Expenses — transportation, $4,500.02; motive power and cars,
$4,974.03 ; maintenance of way, $3,841.18 ; general, $599.63— total, $13,914.86. Net earn-
ings, $1,067.39.
General Balance Sheet, December 31, 1885.
Cost of Koad and Telegraph $765,307 49 Capital Stock $210,500 00
Boiling Stock : 86,516 21
Real Estate and Buildings 31 ,506 33
Discount on Bonds Sold 540,000 00
Materials and Fuel on Hand 2,395 16
Other Property and Assets 2,894 49
Current Accounts 4,376 38
Cash on Hand 6,337 43
Total Assets $1,439,333 49
Funded Debt 900,000 00
Bills Payable 13,850 00
Current Accounts 2,657 82
Advances by Stockholders 245,799 23
Audited Bills and Rolls 17,471 78
Profit and Loss 49,054 66
Total Liabilities gl,439,333 49
Funded debt consisted, January 5, 1886, of — 1st mortgage, 6 per cent. $1,000 coupon
(privilege to register) 50-year bonds, dated July 1, 1881, interest January and July, authorized
$10,000 per mile.
Annual meeting, first Tuesday in April. Books close for annual meeting 30 days prior
thereto. Ownership of stock for 30 days entitles holder to vote. Trustee of bonds, Real Es-
tate Trust Co., New York City. Registrar of stock, B. B. Cain, Secretary of company.
Directors (elected May 8, 1883).— W. S. Herndon, James P. Douglas, T. R. Bonner, Eli
Culverhouse, Tyler, Tex. ; V. K. Stevenson, Jr., Hugh Stevenson, New York, N. Y. ; one
vacancy.
W. S. HEBNDON, President Tyler, Tex.
Hugh Stevenson, Vice-President New York City.
Treasurer— T. R. Bonner. Tyler, Tex. | Secretary— ~B. B. Cain Tyler, Tex.
PRINCIPAL OFFICE AND ADDRESS Tyler, Tex.
KANSAS CITY AND SOUTHERN RAILWAY COMPANY.
Line of Road. — Osceola to East Lynue, Mo 61 miles.
Sidings, 4 miles. Gauge, 4 ft. 8i in. Rail, 56 and 60 Ibs.
History. — Chartered June 10, 1880. Succeeded to the rights, franchises, etc., of the
Kansas City, Memphis and Mobile, Kansas City and Bates County, and Iron Mountain and
Helena RR. Cos. The latter road was sold December 12, 1882, to the St. Louis, Iron Mount-
ain and Southern Ry. Co. Construction begun in 1882, and in 1883 the first section, Clinton
south 15 miles, was completed. Extended to Lowry City, 5 miles, in 1884. Completed as
above in 1885. The road is being extended from East Lynne to Kansas City, and from Osce-
ola to Bolivar — the total distance from Kansas City to Bolivar being 158 miles. Pending the
completion of the line to Kansas City, the track of the Missouri Pacific is used to reach that
point.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 1; baggage, etc., 1 ; freight
(box, 5 ; platform, 21), 26. Additional equipment procured as required.
Financial Statement. — Capital stock, $i'0,000 per mile ; funded debt, 6 per cent. 30-year
gold bonds, due January 1, 1913, interest payable January and July at Farmers' Loan and
POOR'S MANUAL OF RAILROADS. 751
Trust Co., New York, $20,000 per mile. No stock or bonds to be issued except on completed
road in section of 5 miles or more. Road under contract to be paid for in Block and bonds.
Directors.— William Bailey, John O'Grady, St. Louis, Mo.; W. T. Johnson, E. L. Mar-
tin, Kansas City, Mo. ; H. W. Salmon, R. C. McBeth, Clinton, Mo.; S. J. Clark, Helena, Ark. ;
Amos Tenney, S. G. Wheeler, New York, N. Y.
WM. BAILEY, President and General Manager St. Louis, Mo.
General Attorney— K. C. McBeth Clinton, Mo. | Secretary- Amos Tenney St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.
KANSAS CITY BELT RAILWAY COMPANY.
Line of Road. — Argentine, Kan., to Washington Park, near Blue River 10 niles.
Sidings, 7 miles. Gauge, 4 ft. 8i in. Rail (steel, 11 miles), 56 and 60 Ibs.
History. — Consolidation, March 16, 1886, of the Kansas City Belt Ry. Co. of Missouri and
the Kansas City Belt RR. Co. of Kansas. The former was chartered in the State of Missouri
June 29, 1882. The road was completed in November, 1885. It is being double tracked and
completed as a toll road, furnishing an entrance into Kansas City, and better facilities for the
movement of freight for the railroads centring there. It is owned by the Atchison, Topeka
and Santa Fe RR. Co., the Kansas City, Fort Scott and Gulf RR. Co., and the Chicago, Mil-
waukee aud St. Paul Ry. Co., one-half the capital stock being owned by the Atchison, and the
balance by the other companies.
Rolling Stock, December 31, 1886. — Locomotive engines (owned, 2 ; leased, 2), 4. Plat-
form cars leased, 20.
Operations for year ending December 31, 1886. — Not reported.
Financial Statement, December 31, 1886.— Capital stock, $100,000 ; funded debt, first
mortgage 6 percent. 30-year $1,000 coupon bonds, due January 1, 1916, interest payable January
and July (authorized, $2,500,000), $1,000,000; current accounts, $53,905.40; due subscribers of
bonds, $138,626.95; profit and loss, $6,103.13— total, $1,298,635.48. Contra: Cost of road,
$1,094,733.40 ; equipment, $13,779.63; real estate, etc., $92,542.20; materials and fuel, $44,-
711.30; ballast quarry, $3,248.01 ; current accounts, $22,603.62 ; cash on hand, $27,017.32—
total, $1,298,635.48.
Annual meeting, second Tuesday in May. Trustee of bonds, New England Trnst Co.,
Boston, Mass.
Directors (elected in May, 1887).— George H. Nettleton, Wallace Pratt, W. J. Ferry,
Kansas City, Mo. ; Edward Wilder, C. W. Smith, J. F. Goddard, Topeka, Kan. ; Rosweil
Miller, Milwaukee, Wis.
GEORGE H. NETTLETON, President Kansas City, Mo.
C. W. Smith, Vice-President Topeka, Kan.
Secretary— W '. J. Ferry Kansas City, Mo. I Superintendent— Day K. Smith Kansas City, Mo.
Treasurer — Edward Wilder Topeka, Kan. | Auditor— C. C. Ripley Kansas City, Mo.
PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.
KANSAS CITY, CLINTON AND SPRINGFIELD RAILWAY COMPANY.
Main Line of Road. — Cedar Junction, Kan., to Ash Grove, Mo 164 miles.
Branch : Raymore Junction to Pleasant Hill, Mo 10 miles.
Total length of road 174 miles.
Sidings, not reported. Gauge, 4 ft. 8£ in. Rail (steel), 56 and 60 Ibs.
History. This company was formed by the consolidation January 20, 1885, of the Kan-
sas City, Clinton and Springfield RR. Co. (of Missouri) and the Pleasant Hill and De Soto RR.
Co. (of Kansas). Road opened for regular passenger business, November 1, 188o. Capital
stock authorized, $2,500,000 ; bonds (see below), $20,000 per mile. The line was built in the
752 POOK'S MANUAL OF RAILROADS.
interest of the Kansas City, Fort Scott and Gulf RR. Co., to the stockholders of which the
subscription to the securities of this company were offered upon the following terms :
" Each holder of 25 shares of common stock or of contracts for preferred stock of the Kansas City, Fort Scott
and Gulf Railroad Company, of record September 4, 1884, is entitled to subscribe to one block of the secnrities of
the Kansas City, Clinton and Springfield Railroad Company, consisting of 6 shares of capital stock at par, $600.
and §1,000 5 per cent. 40-year gold bonds at 25 per cent., $250— total, $850.
" It is understood and agreed, however, between the Kansas City, Fort Scott and Gulf Railroad Company
and subscribers to the securities of the Kansas City; Clinton and Springfield Railroad Company— and it in one
of the terms of the subscription— that the Kansas City, Fort Scott and Gulf Railroad Company is to guarantee
the payment of the principal and interest of the bonds of the Kansas City, Clinton and Springfield Railroad
Company; and the subscribers to the stock of the latter company, in consideration of said guaranty, are to
transfer to the Kansas City, Fort Scott and Gulf Railroad Company one-half of the shares subscribed and paid
for as above ; so that each subscriber to a block will obtain for the sum of $850 three shares of capital stock and
$1,000 5 per cent. 40-year gold bond, guaranteed, principal and interest, by the Kansas City, Fort Scott and Gulf
Railroad Company ; and the result of the arrangement will be that one-half of the stock of the new company
will be held by the subscribers and one-half by the Kansas City, Fort Scott and Gulf Railroad Company.
"The bonds will not exceed $20,000 per mile, and will be secured by a first mortgage of the entire property
of the new corporation."
The Pleasant Hill and De Soto RR. was purchased from the Atchison, Topeka and Santa
Fe RR. Co., the purchasers assuming the payment of principal and interest of the $120,000
first mortgage bonds of that company, and paying to Atchison Co. $156,975. Annual meet-
ing, second Wednesday in March.
Description of bonds : K. C., 0. & 8. Ry., $3, 091, 000 1st mortgage 5 per cent. 40-year
$1,000 gold bonds, dated 1885, due October 1, 1925, interest payable April and October at 195
Broadway, New York City. P. H. & D. 8. RR., $580,000 1st mortgage 7 per cent. 50-year
$500 gold bonds, dated 1877, due 1927, interest payable April and October at 26 Sears' Build-
ing, Boston, Mass.
Directors. — George H. Nettleton, Wallace Pratt, J. S. Ford, Kansas City, Mo.; Sidney
Bartlett, H. H. Hunuewell, Chas. Merriara, Francis Bartlett, Nathaniel Thayer, Jno. A.
Burnham, Boston, Mass.
GEO. H. NETTLETON, President Kansas City, Mo.
Treas. & Trans. Agt.— Charles Merriam.. Boston, Mass. | Secretary — J. S. Ford Kansas City, Mo.
PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.
KANSAS CITY, FORT SCOTT AND GULF RAILROAD COMPANY.
Main Line of Road. — Kansas City, Mo., to Baxter Springs, Kan 159.92 miles.
Rich Hill RR.: Main Line, Kan., to the Spencer Coal Mine, Mo 22.76
Branch : Kich Hill, Mo., to Coal Mines S. of Carbon Centre, Mo 4.78 — 27.54 miles.
Ft. Scott. 8. Etn. & Memphis : Main Line, Kan., to Springfield, Mo 100.37
Coalvale Branch : Arcadia, Mo., to Coalvale, Mo 2.48 — 102.85 miles.
Short Creek and Joplin RR.: Baxter Springs, Kan., to Webb City, Mo 22.38 miles.
Memph., Kan. and Col. Ry.: Weir City, Kan., to Cherry vale, Kan 49.79 miles.
Kansas and Missouri RR.: Coalvale, Kan., to M., K. & C. Ry 26.18 miles.
Total length of lines in operation December 31, 1886 383.66 miles.
Sidings, etc., main line, 54.50 ; branches, 48.48 miles. Gauge, 4 feet 8$ in. Rail (steel,
255.96 miles), 56 and 60 Ibs.
History.— Organized as Missouri River, Fort Scott and Gulf RR. Co., October 20, 1868 ;
road opened May 2, 1870. Default made on the second mortgage coupons October 15, 1873,
and on the 1st mortgage coupons July 1, 1875. Sold under foreclosure, and purchased by
bondholders' committee February 5, 1879. Reorganized under present title April 1, 1879.
The leased lines named above have been built mainly from resources furnished by the
leasing company. Their bonds are guaranteed by the same, principal and interest, and their
stocks are entitled to the same rate of dividends with those paid on the stock of the K. C., F.
S. & G. RR. Co. The cost of these branches is estimated at about $13,500 per mile.
Rolling Stock. — Locomotive engines, 45. Cars — passenger, 22 ; baggage, mail, and ex-
press, 12 ; caboose, 30; freight (box, 477; flat, 50; stock, 107; coal, 1,112), 1,746— total,
1,810 ; wrecking car 1 ; officers' cars, 2 ; pile-driver car, 1. Equipment of the Fort Scott
Equipment Co. — Locomotives, 34. Cars — passenger, 10 ; baggage, mail and express, 7 ;
caboose, 25 ; freight, 534 — total cars, 576.
POOR'S MANUAL — KANSAS CITY, FT. SCOTT AND GULF RR. CO.
753
Operations for year ending [December 31, 1886.— Train mileage— passenger, 449,162 ;
freight, 967,998 ; construction, 16,928; switching, 512,917 ; K. C., F. 8. & O. engines on
other roads, 698,848— total, 2,645,853 miles. Passengers carried, 604,246 ; carried one mile,
20,220,494; average mile rate, 2.51 cents. Tons freight moved, 1,545,593 ; moved one mile,
182,226,205 ; average ton-mile rate, 0.99 cents.
Earnings.— Passenger $507,81405
Freight 1,821,026 97
Mail 39,249 82
Express] 34,800 00
Miscellaneous 186,647 03
Total ($6,533.57 per mile) $2,539,337 87
Expenses.
-Road and Buildings $858,889 25
Maintenance of Cars 145,71 1 79
Motive Power 343,058 16
Transportation 347,726 94
Miscellaneous and Taxes. . . 280,140 56
Total ($8,796.44 per mile) SI ,475,526 70
Net earnings (41.89 per cent.), $1,063,811.17; interest received, $2,509.68— ava.lable
revenue, $1,066,320.85. Payments : Interest on bonds (main line, $177,235.83 ; branch line,
$214,187.50 ; equipment bond, $33,250), $424,673.33 ; sinking fund payments (branch lines
bonds, $22,300 ; equipment bonds, $70,000), $92,300 ; K. C., S. & M. BR. Co., traffic guar-
anty, $111,478.40; dividends on preferred stock, $219,960; on common, $185,920— total,
$1,034,330.73. Balance, surplus, $31,990.12 ; surplus income from last year, $466,188.67—
surplus income, as per balance sheet, $498,178.79.
General Balance Sheet, December 31, 1886.
Construction §8,490,588 40
Less Bonds Cancelled 52,500 00— $8,438,588 40
Equipment 894,564 99
Equipment Purchased from F. S. E. Co. . . 700,390 42
Material on Hand 121,90641
Cash on Hand. 53,159 23
Bills receivable 129,000 00
Stock of Leased Lines 658,081 20
Trustees First Mortgage 6,669 59
Trustees Leased Lines Mortgages 151,003 85
Trustees Ft. Scott Eq. Co 1,895 86
Improvement Account of Leased Lines 155,539 66
Current Accounts ... 300,923 23
Total Assets $11,611,722 84
Capital Stock $4,648,000 00
Contracts for Preferred Stock 2,750,000 CO
FnndedDebt 2,250,500 00
Fort Scott Equipment Co. Bonds 490,000 00
Ten-year Coupon Notes 320,000 00
Interest on Bonds Accrued 95,199 17
Unpaid Coupons 7,07400
Bills Payable 150,000 00
Traffic Guarantee, K. C., S. & M. RR 24,636 31
Sinking Fund Leased Lines 151,003 85
Sinking Fund Ft. Scott Equipment Co 218,265 C4
Land Income Account 8,865 08
Income (General) Account. . 498,178 79
Total Liabilities $11,611,722 84
The main line bonds are retired with proceeds of aales of lands. During 1886, $50,000
were so retired, making total of $1,751,500 of the original issue of $4,000,000 retired in this
manner.
Leased Lines Sinking Funds, December 31, 1886, consisted of bonds and cash as follows :
Ft. S., S. E. & M. RR., $103,202.22 ; R. H. RR., $25,517.52 ; S. C. & J. RR., $22,284.11—
total leased lines, $151,003.85. Total amount of Ft. Scott Equipment Company, $218,265.64;
represented by — bonds retired, $210,000 ; cash in hands of trustees, $1,895.86 ; amount to
apply on quarterly payments to the trustees in 1887, $5,833.33 ; expenses of the trust which
the K. C., F. S. & G. RR. Co. bears by terms of agreement.
The expenditures on account of construction and equipment on main line in 1886 were
$78,906.89. To provide for these expenditures and similar ones in the future, the directors
have authorized issues of 10-year coupon notes bearing interest at the rate of 6 per cent,
per annum, such notes to be issued from time to time as the needs of the company may re-
quire. During 1886, $220,000 were issued, making total amount issued to date, $320,000.
The equipment purchased by Fort Scott Equipment Company consists of 34 locomotives,
17 passenger-train and 559 freight-train cars, the whole representing an investment of
$700,000, which is reduced each year by a contribution of $70,000, paid by the Kansas
City, Ft. Scott and Gulf RR. Co.
48
754 POOR'S MANUAL — KANSAS CITY, FORT SCOTT AND GULF RR. co.
Statement of funded debt of Kansas City, Fort Scott and Gulf RR. Co., and of funded
debts of leased lines, December 31, 1886 :
DESCRIPTION OF BOKDS.
Miles
RR.
Date of—
Interest.
Amount.
Issue.
Maturity.
Rate
Payable.
Annual
Amo't.
Per Mile.
Total.
K. C.,Ft.S. &G. Istmtge.RR. )
and entire property. . .
159.92
June 2, 1879
Junel, 1908.
p. c.
7
June & Dec.
8
157,290
$
14,050 78
$
2,247000
Bonds of Leased Lines, principal and interest guaranteed by the K. C., Ft. S. & G. RR. Co.
Ft.S.S.E.&M.lstm.RR.& rol.sk
Rich Hill RR. 1st mortgage ....
102.85
27.54
Sept. 1, 1880
do.
Sept. 1, 1910
do.
7
7
Mar. & Sep.
do.
107,940
25,900
14.992 71
13.435 00
1.542.000
370,000
Short Ureek & Joplin RR.lstm.
22.38
do.
do.
7
do.
22,260
14,209 11
318,000
M., K. & C.lstm. Ry.&rol. stk.
49.79
Mc'h 1, 1884
do.
7
do.
39,550
11,347 66
565,000
Kan. & Missouri RR. 1st mort..
26.18
Aug. 1, 1882
Aug. 1, 1922
5
Feb. & Aug.
19,500
14,896 87
390,000
Ft. S. Equip. Co. 1st mtge. on )
rolling stock purchased with !•
Dec. 1, 1883
Dec. 1, 1893
fi
June & Dec.
29,400
490,000
proceeds of bonds )
Totals ....
388.66
401,840
15,236 97
5,922,000
Average interest per mile per annum, $1, 033.91 ; average rate of interest per annum, 6.97 per cent. Balance
sheet shows bonds outstanding of K. C., Ft. S. & G. RR. Co., $2,250,500, of which §3,500 have been drawn for
redemption, interest stopped, and funds held by trustees to redeem.
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Passenger Train Miles ;
Freight Train Miles
190,029
422,545
155,726
5,585,154
494,577
35,972,102
8
209,950 87
631,783 53
31,54832
22,581 51
200,402
453,534
257,530
8,819,638
672,367
49,439,645
$
299,744
851,990
34,470
.36,663
240,871
526,697
324,371
11,594,779
744,769
59,007,866
8
404,527
1,063,328
44,472
42,230
291,194
621,014
334,688
13,376,180
787,778
75,145,006
8
441,382
1,191.517
57,545
63,500
429,211
601,768
461,353
17,400,795
875,649
92,750,215
8
501,257
1,373,2.-)!
55,429
86,275
485,402
886,548
609,217
20,667,919
1,165,591
136,210,265
$
572,483
1.646.161
64,030
139,769
4'3.516
969,923
017.742
20,829.027
1,442,144
162,049253
8
544,478
1,7117,141
67,982
136,924
449,162
967,998
604.245
20.220.494
1.545.593
lt-12,-,'20.205
S
5117,614
1.821.027
74,050
130.647
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Mail and Express
Miscellaneous Receipts
Gross Earnings
895,864 39
563,053 08
1,222,867
696,952
1,554,557
890,656
1,753,944
1,003,625
2,016,212
1,178,544
2,422,443
1,407,693
2,546,525
1,558,306
2,539.338
1,475,527
Gross Expenses . .
Net Revenue
332,811 31
5,517 08
3,467 50
2,04958
62.85 p. c.
8
6,750,000
4,000,000
525,915
6,370 80
3,575 62
2,795 18
56. 13 p. c.
6,750,000
3,056,900
663,901
4,586 66
2,62784
1,958 82
56. 65 p. c.
8
7,398,000
2,686,800
750,319
4,781 48
2,736 01
2,045 47
57.22 p. c.
8
7,398,000
2,561,900
837,668
5,187 60
3,032 33
2,15527
58.45 p. C.
8
7,398,000
1,014,750
6,232 81
2,621 91
2,610 90
58.11 p. C.
8
7,398.000
2,355,000
607,000
94,959
*253,921
160,325
26,191
43,987
442A-&
988,219
6.552 06
4.00943
2,542 63
61. 19 p. c.
8
7,398,000
2,403,800
563,000
94,848
*180,864
267,909
1,063,811
6,533 57
3,79644
2.737 13
BS.llp. c.
7,398,000
2,250,500
490,000
108,378
*494,636
369,270
Gross Earnings per Mile...
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Capital Stock
Funded Debt
Equipment Bonds. . ..
Interest and Dividends
BillSj Accounts, etc
32,815
173,000
54,769
35,673
63,238
115,923
74,746
63,127
48,350
78,102
181,401
75,769
Sinkin" Funds
Improve. Fund Leased Lines
Land Income Account
General Income Account. . .
33,545
89,023
200,003
48,408
305,079
58,519
376,281
95.347
446,498
34.020
466,189
8,865
4'.N.i;;>
Total Liabilities
10,989,360
10,377,019
10,186,368
9,538,056
10,617,444
9,316,056
10,580,923
9,277,942
10,740,116
9,333,875
11,381,811
9,302,478
636.926
189,288
853,078
131,280
268,761
11.407,336
9,306,246
700,000
280,624
718,081
151,434
155,265
11.611,723
9.333,153
700,391
176,000
159,569
429,923
Construction undEquip't..
Ft. S. Equipment
Cash and Materials
94,192
243,415
165,342
101,956
109,321
809,874
210,000
725.741
75,804
64,183
227,254
197,427
662.587
Stocks and Bonds. .
Trustees
149,982
44,500
351,745
Bills and Accounts. . . .
269,414
342,756
38,262
202,379
179,815
Due from Leased Lines, etc.
Improve. Acc't Leased Lines
General Income Account. . .
Total Assets
95,686
155,540
5,321
10,989,360
10,186,368
10,617,444
10,580,923
10,740,116
11,381,811
11,407,336
11,61'1,723
* Includes traffic guarantee K. C., S. & M. RR. Co.
POOR'S MANUAL OP RAILROADS.
Stock of leased lines and other corporations :
755
Shares
Amo't.
Shares.
Amo't.
Sh.-in-s
Amo't.
Rich Hill RR. Co...
P.S.,8.E.&M.RR.Co.
S. C. &J. RR. Co....
1,805
2,155
1,045
$
180,500
215,500
104,500
M. K. & C. Ry. Co.
M. K. & C. Ry. Co.
K. &M. RR. Co...
L478
1,985
nt
147,500
1
1
K.C..S.&M.RR.CO.
K. C.,C.&S.Ry. Co.
K. C. B. Ry. Co....
145
H.K;T
800
' 1
1
1
Annual meeting, second Wednesday in March. Preferred stock entitled to 8 per cen*-
interest, if earned. Since the organization of the present company the following dividends
have been paid :
August, 1880, on preferred stock contracts. . .3} per cent.
February, 1881, on preferred stock contracts 4^ per cent.
August, 1881, on preferred stock contracts... 4 percent.
February, 1882, on preferred stock contracts 4 per cent.
February, 1882, on common stock 2 per cent.
August, 1882, on preferred stock contracts. . 4 per cent.
February, 1883, on preferred stock contracts 4 per cent.
February, 1883, on common stock 3 per cent.
August, 1883, on preferred stock contracts. . 4 per cent.
February, 1884, on preferred stock contracts 4 per cent.
February, 1884, on common stock 8 per cent.
August, 1884, on preferred stock contracts.. 4 pir cant.
August, 1884, on common stock 2{ per cent.
February, 1885, on preferred stock contracts 4 per cent.
February, 18S5, on common stock 2} per cent.
August, 1885, on preferred stock contracts.. 4 per cent.
February, 1886, on preferred stock contracts 4 per cent.
February, 1886, on common stock 2J per cent.
August, 1886, on preferred stock contracts. . 4 per cent.
August, 1886, on commou stock li per cent.
Land Department. — Aggregate sales of land in 1886 were 160 acres sold for cash, at
$5.12 per acre, amounting to $820. There were also sold 1 town lot for $30 ; total sales of
lands and town lot, $850. Total cash receipts for the year, $35,721.21. The expenses of the
department, including taxes, amounted to $4,368.59. The value of unsold lands and the
assets of the department at the close of the year were as follows : Unsold lands, 4,824.16
acres, valued at $123,273.55 : town lots unsold, valued at $3,554.50 ; unpaid principal on con-
tracts for 8,682.52 acres, $26,395.56 ; town lots, $555.05 ; mineral reserved on 2,508.37 acres
of land sold, $63,700. Total value of assets, $216,478.66. Proceeds of land and lot sales to
be applied to the reduction of the mortgage bonds.
RAILKOADS LEASED OK OWNED BY THE K. C., F. S. & G. RR. Co.
FORT SCOTT SOUTHEASTERN AND MEMPHIS RAILROAD.-Main line and branches,
84.23 miles; Springfield and Western Missouri RR. (leased), 18.62 miles; total, 102.85— total track, 116.43 miles.
Organized April 29, 1880. Leased the Fort Scott, Southeastern and Memphis Ry. June 1, 1880. The road of the
latter was opened in 1874, 6.5 miles, and to Arcadia, 12.8 in 1877. The present company extended the line to
Golden City in ISiSO, and to Ash Grove May 25, 1881. At Ash Grove connection is m*de with the Springfield and
Western Missouri RR., forming a continuous line to Springfield, which was formally opened June 6, 1861. Roll-
ing Slock.— Locomotive engines, 5. Cars— caboose, 5 ; coal, 300 ; stock, 50— total, 355. Capital stock, $215,500 ;
bonds (see K. C., Ft.. S. and G. bond statement), $1,542,000; improvements by lessee, $71,486.08— total, $1,828,-
98(5.08. Contra: Cost of road and equipment, $1,576,919.27 ; stocks and other investments, $252,0t;6.81— total,
$1,828,980.158. GEOUGE H. NKTTLETO.V, President; J. S. Ford, Treasurer and Secretary, Kansas City, Mo.
KANSAS AND MISSOURI RAILROAD (formerly Fort Scott and Carthage RR.).— Main line,
26.18 miles ; total track, 33.14 miles. Extended from Barton coal mines to present terminus, 17.89 miles, in 1882.
Capital stock (all owned by K. C., Ft. S. & G. RR.), $78,000; funded debt (see K. C., Ft. S. & G. bond state-
ment), $390,OOJ) ; unfunded debt, $7,269.29-total, $475,269.29. Contra : Cost of road and equipment, $475,269.29.
GEORGE H. NETTLETON, PreniSent; J. S. Ford, Treasurer, Kansas City, Mo.
MEMPHIS, KANSAS AND COLORADO RAILWAY. -Main line, 49.79 miles ; total track,
59.92 miles. Organized December 4,; 1877 ; opened to Parsons April 15, 1879; to Cherry vale, February 3, 1881.
Changed from narrow to standard gauge during 1882. Boiling Stuck.— Locomotive engine, 1. Cars— box, 40;.
coal, 100. Capital stock. $435,490 ; bonds (see K. C., Ft. S. & G. bond statement), $550,000; unfunded debt,
$8,950.60— total, $994,440.60. Contra: Cost of road, etc., $994,440.60. GEORGE II. NETTLETON, President; J. S.
Ford, Treasurer, Kansas City, Mo.
RICH HILL RAILROAD.— Main line. 27.54 ; total track, 86.87 miles. Organized May 11, and opened
September 12, 1880. Capital stock, jilSO.SOO ; bonds (see K. C., Ft. S. & G. bond statement i. ?:KI>.IHK) ; improve-
ments, by lessee, $3,30(i.93— total, $553,80(5.93. Contra ; Cost to December 31, 1885, $553,806.93. Will be extended
eastward 25 miles GEORGE H. NETTLETON, President; J. S. Ford, Treamire r and Secretary, Kansas City, Mo.
SHORT CREEK AND JOPLIN RAILROAD.— Main track. 22.:^ miles ; total track, 28.54 miles.
Organized June 3, 1879 ; road opened October 13, 1879. Leased to K. C., Ft. S. and G. HR. Co., for 7 per cent,
on bonds arid 1 per cent, to sinking fund, guaranteed by lessee. Capital stock. $104,500 ; bonds (see K. C.. F. S.
&G. bond statement), $318.000; improvements by lessee, $10,409.53— total, $432,40!>.53. Contra: Cost of road
and equipment, $432,909.53. GEORGE H. NETTLETON, President ; 3. S. Ford, Secretary and Treasurer, Kansas
City, Mo
Board of Directors K. (7., Ft. 8. & G. RR. Co,, elected March, 1886.
H. H. Hunnewell Boston, Mass.
Sidney Bartlett Boston, Mass.
Charles Merriam Boston, Mass.
Nathaniel Thayer Boston, Mass.
Francis Bartlett Boston, Mass.
John A. Burnham Boston, Mass.
B. P. Cheney Boston, Mass.
E. V. R. Thayer Boston. Mass.
Alphens Hardy Boston, Mass, i B. P. McDonald Ft. Scott, Kan.
T. Jeff. Coolidge Boston, Mass. I C. W. Blair
...Ft. Scott, Kan.
O.' E. Learnard Lawrence, Kan.
H. H. HUNNEWELL, President Boston, Mass.
Sec and Treas —Charles Merriam Boston, Mass. I General Manager— Geo. H. Nettleton. Kansas City, Mo.
Gen Auditor— C. W. Coumvright Boston, Mass. | Superintendent— W. W. Fagan Kansas City, Mo.
Comptroller-^. S. Ford Kansas City, Mo.
PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.
Financial Office and Transfer Agency No. 26 Sears Building, Boston, Mass.
756 POOR'S MANUAL OF RAILROADS.
KANSAS CITY, SPRINGFIELD AND MEMPHIS RAILROAD COMPANY.
Line of Road. — Springfield, Mo., to Memphis, Tenn 281.94 miles.
Sidings, etc.. 41.74 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs.
History. — Chartered September 10, 1881. Completed and opened for business October
20, 1883, operations partially suspended in consequence of high water ; brought into full ope-
ration about May 1, 1884. This road was built in the interest of the Kaneas City, Fort Scott
and Gulf RR. Co., and is virtually an extension of that company's line to Memphis. The por-
tion of this road within the limits of the city of Memphis (2.25 miles) is owned jointly by this
company and the Kansas City, Memphis and Birmingham RR. Co.
Rolling Stock. — Locomotive engines, 16. Cars — passenger, 4 ; freight (box, 775 ; coal,
350; flat, 131 ; refrigerator, 50), 1,306 ; caboose, 8 — total, 1,318. Also 1 transfer boat and 5
boarding cars. Of the above, 6 locomotives, 1 passenger, 450 box, 50 refrigerator, 300 coal,
and 66 flat cars were acquired through the Memphis Equipment Co.
Operations for year ending December 31, 1886. — Train mileage — passenger, 361,278 ;
freight, 623,147 ; other, 301,174— total, 1,285,599 miles, of which 756,873 is the excess of K.
C., F. S. & G. RR. engines run on K. C., S. & M. RR. over K. C., & M. RR. engines run on
K. C., F. S. & G. RR. Passengers carried, 158,685; carried one mile, 9,416,305 ; average rate,
2.87 cents. Freight moved, 756,352 ; moved one mile, 119,241.422 tons; average rate, 1.04
cents.
Earnings.— Passenger $270,553 18
Freight 1,244,42588
Mail 20,341 65
Express 18,425 00
Miscellaneous 15,963 09
Total ($5,567.52 per mile) $1 ,569,708 76
Expenses.— Maintenance of Road, etc §354,542 76
Maintenance of Cars 87,005 60
Motive Power 262,790 39
Transportation 217,166 23
Miscellaneous, Taxes, etc 167,494 32
Total ($3,862.52 per mile) $1,088,999
Net earnings (30.62 per cent.), $480,709.46. Add traflic guaranty of K. C., F. S. & G.
RR. Co., $31,475.77 — total available revenue, $512,185.23. Payments: Interest on bonds,
$468,250 ; other interest, $149.61 ; other payments, $27,825. 76-total, $496,225.37. Balance,
surplus, $15,959.86. Deficit from last year, $15,760.06— net surplus, $199.80.
'General Balance Sheet, January 1, 1887.
Construction and Equipment $13,178,042 58
Supplies on Hand 55,310 72
Traffic Guaranty 24,63631
County Warrants (par, $10,744.81) 7,425 73
Current Accounts 208,087 56
CashonHand... 28,50588
Total Assets 813,502,008 78
Capital Stock $5,264,5CO 00
Funded Debt 7,894,000 00
Unpaid Coupons 7,440 00
Bills Payable 148,000 00
Accrued Interest 76,825 00
K. C., F. S. & G. RR. Co, Traffic Contract. 80,711 10
Sinking Fund Memphis Equipment Co. ... 30,332 88
Profit and Loss. . . 199 80
Total Liabilities §13,502,008 78
Funded debt consists of ($7,000,000 less $29,000 retired with funds from K. C., F. S. &
G. RR. traffic contract), $6,971,000 first mortgage 6 per cent. 40-year bonds, interest payable
May and November, due May 1, 1923 ; $500,000 6 per cent. 10-year plain bonds (principal and
interest guaranteed by K. C., F. S. & G. RR.), interest payable May and November, due May
1, 1894; $423,000 Memphis equipment company's 6 per cent, bonds dated December 1, 1885-
1894, interest payable June and December (principal and interest guaranteed by K. C., S. &
M.) iV to be retired annually.
Under the terms of a traffic contract between this company-and the Kansas City, Fort
Scott and Gulf RR. Co., the latter sets aside 15 per cent, of its gross earnings from traffic
going to or coming from this road for the term of 40 years. The amount so set aside is to be
applied : 1st. To pay, if need be, any interest on the Kansas City, Springfield and Memphis
RR. Co.'s 1st mortgage 6 per cent, bonds, not provided for by the earnings of said company's
road ; 2d. To the purchase, by advertisement, of the 1st mortgage bonds of the Kansas City,
Springfield and Memphis RR. Co., at a price not exceeding 110 and interest, and in case no
bonds are offered under the advertisement, then the bonds are to be drawn by lot for payment
POOR'S MANUAL OF RAILROADS. 757
at 110 and interest. The bonds so purchased or drawn to be immediately cancelled, and one
half the par thereof converted into stock of the Kansas City, Springfield and Memphis KR. Co.
for the benefit of and delivered to the Kansas City, Fort Scott and Gulf RR. Co. in full satis-
faction of the whole amount of bonds so cancelled.
On May 1, 1884, the company issued to complete the road 6 per cent. 10-year bonds, dated
May 1,1884, to the amount of $500,000, principal and interest guaranteed by the Kansas City,
Fort Scott and Gulf RR. Co.
The entire issue of plain bonds is redeemable at the option of the promisor at 105 and
interest, at any time upon 6 months' notice of such intention.
Annual meeting, second Wednesday in March.
Directors (elected March, 1887). — H. H. Hunnewell, Sidney Bartlett, Abbott Lawrence,
Nathaniel Thay r, Charles Merriam, Francis Bartlett, T. J. Coolidge, E. V. R. Thayer, E. H.
Damon, Boston, Mass. ; G. H. Nettleton, W. Pratt, J. S. Ford, J. H. Emmeit, Kansas City,
Mo.
GROKGE H. NETTLETON, President and General Manager. .Kansas City, Mo.
Sec., Treas.& Tr. Affent— Chas. Merriam. Boston, Mass. I Vice-Sec. <& Compl.—J. S. Ford Kansas City, Mo.
General AudUm — C. W. Courtright Boston, Mass. | Superintendent— W. W. Fagan Kansas City, Mo.
PRINCIPAL OFFICE AND ADDBESS Boston, Mass.
KANSAS CITY, WYANDOTTE AND NORTHWESTERN RAILROAD CO.
Main Line of Road (as projected). — Kansas City, Mo., to Bismarck, Dak 740 miles.
Leavenwortli and Olathe Branch : Leaven worth, Kan., to Olathe, Kan 3:3 miles.
Total length of projected road 773 miles.
Completed J uly 1, 1887 : Kansas City, Mo., to Tonganoxie, Kan 52 miles.
Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. per yard.
History. — The Kansas City, Wyandotte, and Northwestern Ry. Co. was organized in
November, 1885, and built the above thirty miles of road, from Kansas City, Mo., to Ton-
ganoxie, Kan. Consolidated with the Leavenworth and Olathe RR. Co. under the present
title March 28, 1887. The company has 128 miles of road in Kansas under contract, to be
completed during the present year.
Rolling Stock. — Locomotive engines, 5. Cars — passenger, 5; baggage, 2; freight, 105;
other, 2 — total cars, 113.
Financial Statement.— Capital stock, $3,250,000 ; funded debt, $20,000 per mile first
mortgage 5 per cent. 40-year gold bonds, dated April 1, 1887, interest payable April and
October in New York and Boston. Trustee, Central Trust Co., New York, N. Y.
Directors (elected in January, 1887). — W. D. Bethell, Newman Erb, P. McCadden.
Memphis, Tenn.; K. B. Armour, W. J. Ferry, Kansas City, Mo.; E. Summerfield, C. F.
Hatchings, Wyandotte, Kan.
W. D. BETHELL, President .Memphis, Tenn.
K. B. Armour, Vice-President Kansas City, Mo.
Newman Erb, 2d Vice-President and Manager Memphis, Tenn.
Treasurer— ~E. Summerfield Wyandotte, Kan. | Secretary— W. J. Ferry Kansas City, Mo.
PRINCIPAL OFFICE AND ADDRESS Wyandotte, Kan.
KEOKTJK AND WESTERN RAILROAD COMPANY.
Line of Road.— Keokuk, la., to Van Wert 148
Trackage : C. M . & A. RR., Centerville, la., to Albia, la 24—172 miles.
Sidings, 5 miles. Gauge, 4 ft. 8£ in. Rail (steel, 60 miles), 60 Ibs.
History. — Consolidation in May, 1870, under the name of the Missouri, Iowa and Ne-
braska RR. Co., of the Alexandria and Nebraska City and the Iowa Southern RR. Cos., the
former chartered in 1857 as the Alexandria and Bloomfield RR. Co., and name changed to
758 POOR'S MANUAL OF RAILROADS.
Alexandria and Nebraska City in 1866, and the latter organized under the general railroad law
of Iowa in 1866. The road was opened from Alexandria, Mo., to Centerville, la., 85 miles,
in 1873; extended to Corydon, 28 miles, in 1879; to Prairieville and Albia in 1880, and to Van
Wert in 1881. A branch of 5 miles extends the road from Alexandria to Keokuk. Leased
for 99 years from October 1, 1880, to tbe Wabash, St. Louis and Pacific Ry. Co., the rental
being 30 per cent, of gross earnings, to be applied to payment of taxes and bond interest.
Default made in 1884, and a receiver appointed July 1, 1885. The main line from Keokuk to
Van Wert was sold, under foreclosure August 19, 1886, and purchased in the interest of the
bondholders for $600,000. The present company was organized by the purchasers October,
30, 1886.
Rolling Stock. — Locomotive engines, 12. Cars — passenger, 5 ; baggage, mail and ex-
press, 4 ; freight (box, 381 ; platform, 12 ; stock, 174 ; coal, 184 ; caboose, 8), 759 — total
cars, 768. Also 2 other cars.
Operations for six months ending May 31, 1887. — Train mileage, etc., not reported.
Gross earnings, $152,456.94. Operating expenses, $105,816.55. Net earnings, $46,640.39.
Financial Statement, March 31, 1887.— Capital stock (par, $100), $4,000,000 ; bills pay-
able, $300,000. Contra : Cost of road and equipment, $4,000,000.
Annual meeting, first Wednesday in February. Registrar of Stock, Metropolitan Trust
Company of the City of New York.
CENTERVILLE, MORAVIA AND ALBIA RAILROAD.— Relay, la., to Albia, la., 26 miles.
Built in 1880 as a branch of the Missouri, Iowa and Nebraska RR. There were issued on the road $400,000 1st
mortgage 6 per cent. 40-year bonds, due January. 1920, interest guaranteed by the Missouri, Iowa and Nebraska
RR. 5o., and payable January and July. Leased in perpetuity October 1, 1880, to the Wabash, St. Louis and Pa-
cific Ry. Co., which assumed the guarantee of bonds. Default was made in 1884, and the road was placed in the
hands of the receiver of the Missouri, Iowa and Nebraska RR. February 15, 1886. THOMAS THATCHEB, Receiver,
Keokuk, la.
Board of Directors Keokuk and Western SB. Co.
T. DeWitt Cuyler. Philadelphia. Pa.
G H. Candee New York, N. Y.
Juo. Paton New York, N. Y.
J. W. Drexel New York, N. Y.
W. H. Gebhard. . . .New York, N. Y.
B. Strong New York, N. Y.
F. M. Drake Centreville, la.
Felix T. Hughes Keokuk, la.
John T. Irwin Keokuk, la.
F. T. HUGHES, President Keokuk, la.
Vice-President— G. H. Candee New York, N. Y. Secretary and Auditor— J. T. Howell Keokuk, la.
Treasurer— C. M. Jesup New York, N. Y. General Manaciei — A. C. Goodrich Keoknk, la.
Trangf. Agts.— Messrs. John Paton & Co... 52 William Street, New York, N. Y.
PBINCIPAL OFFICE AND ADDRESS Keokuk, Iowa.
New York Office 52 William Street.
LEAVENWORTH, TOPEKA AND SOUTHWESTERN RAILWAY COMPANY
Line of Road. — Leavenworth, Kan., to Meriden Junction, Kan 46.3 miles
Sidings, etc., 2.99 miles. Gauge, 4 ft. 8£ in. Rail, 52 Ibs.
History. — Chartered June 13, 1879 ; construction completed October 23, 1882 ; road
opened November 1, 1882. A controlling interest in the stock of this company is owned
jointly by the Atchison, Topeka and Santa Fe RR. Co., and. the Union Pacific Ry. Co.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; passenger and baggage,
1 ; freight (box, 1 ; platform, 25 ; coal, 5), 31— total, 32.
Operations for year ending December 31, 1886. — Train mileage, passenger and freight
traffic— not reported. Earnings— passenger, $17,666.17; freight, $44,122.41 ; mail, $2,010.32;
express, $3,840.00 ; miscellaneous, $857.27 — total, $68,496.17. Expenses and taxes, $85,-
883.78. Deficit, $17,387.61. Paid interest on bonds, $55,200— total deficit, $22,587.61 ; deficit
from last year, $232,199.57— total, $304,787.18.
Financial Statement, December 31, 1886.— Capital stock, $1,380,000 ; funded debt, gen-
eral mortgage 4 per cent. 30-year bonds, due July 1, 1912, interest January and July, $1,380,-
000; accounts payable, $32,926.04; unpaid coupons, $28,600 ; A., T. & S. F. advances for
coupons, etc., $131,585.55 ; U. P. Ry. advances for coupons, etc., $131,285.53— total, $3,084,-
397.12. Contra: Cost of road, etc., $2,775,555.73 ; accounts receivable, $4,054.21 ; profit and
POOR'S MANUAL OF RAILROADS. 759
lose, $304.787.18. Bonds are guaranteed, principal and interest, by the A., T. AS. F. and
U. P. Cos., each one-half of the total amount issued.
Annual meeting, Thursday succeeding first Monday in May.
Directors (elected May 5, 1887).— W. B. Strong, F. L. Ames, Elisha Atkins, I. T. Burr.
F. G. Dexter, C. F. Adams, Jr., Alden Speare, John P. Whitehead, Boston, Mass.; J. F. Dil-
lon, New York, N. Y.; J. R. Mulvane, A. L. Williams, Topeka, Kan.; E. B. Purcell, Man-
hattan, Kan.; L. E. Finch, Burlingame, Kan.
W. B. STRONG, President Boston, Mass.
F. G. Dexter, Vice-President Boston, Mass.
Treasurer &Asst. Stc.--Q. L. Goodwin. Boston, Mass. I Compt. & Gen. Auditor— J.P.Whitehead.Boston.MaBB.
Secretary & Asst. Trtas.—E. Wilder Topeka, Kan. | General Manager- J. P. Goddard Topeka, Kan.
PRINCIPAL OFFICE AND ADDRESS Topeka, Kan.
LITTLE ROCK AND FORT SMITH RAILWAY COMPANY.
Main Line of Road.— Arggnta, Ark., to Fort Smith, Ark 165
Branches : Ouita, 2 miles ; Coal Hill, 2 miles ; Ward's Junction, 1 mile 5 — 170 miles.
Sidings, etc., 15 miles. Gauge, 4 ft. 8| in. Rail (steel, 15 miles), 56, 60, and 72 Ibs.
History. — The Little Rock and Fort Smith RR. was sold in December, 1871, and the
company reorganized under present title. Road completed in 1876.
Rolling Stock, January 1, 1887. — Locomotive engines, 15. Cars — passenger, 8; bag-
gage, 3 ; caboose, 7 ; freight (box, 178 ; stock, 24 ; platform, 119 ; coal, 100), 421— total, 439.
Also, 1 tool car. In addition the company owns one transfer boat at Van Buren, Ark., and
one-quarter interest in the transfer boat Marian, connecting Arkansas City, Ark., with Hun-
tington, Miss.
Operations for year ending December 31, 1886. — Train mileage — details not reported
— total, 513,312. Passengers carried, 91,363; carried one mile, 4,570,773 ; average mile rate,
3.862 cents. Tons freight moved, 260,053; moved one mile, 27,378,808; average ton-mile
rate, 1.84 cents.
Earnings.— Passenger $176,538 38
Freight 503,673 15
Mail 12,035 95
Express 23,38387
Other 7,717 55
Total ($4,254.99 per mile) $723,348 90
Expenses.— Transportation .
Motive Power Details
Maintenance Cars not
Maintenance of Way Furnished.
General . . .
Total ($2,619.82 per mile) $445,369 72
Net earnings (38.43 per cent.), $277,979.18. Payments— interest on bonds, $160,885 ; on
scrip (net), $46,679.62 ; taxes, $2,194.68 ; miscellaneous expenses, $10,460.64— total, $220,-
019.94. Balance, surplus for year, $57,959.24.
General Balance Sheet, December 31, 1886.
Construction, Equipment, etc $7,712,123 25
Heal Estate Bought 918 82
Arkansas State Aid Bonds 117,463 82
Land Notes, $411,876.27; Accts., $13,197.39. 425,073 66
Cash on Hand, etc 168,872 28
Notes Receivable 42,765 00
Materials, $8,867.21 ; Mail, $3,023.30 11,890 51
Woodson Tr. Co., $2,500; Coup. Notes,
$10,360 12860
Total Assets $8,491,96234
Capita'. Stock $4,505,308 58
1st Mortgage Bonds and Scrip 2,292,010 21
Notes for Coupons 576,520 00
Coupons payable in Cash 82,582 50
Interest on Scrip 20,848 25
Notes Payable 91,250 00
Operating Department 2,800 61
Profit and Loss 920,642 19
Total Liabilities $8,491,962 34
The funded debt consists of ($2,375,500 issued) 1st mortgage 7 per cent. 30-year land
grant and sinking fund coupon ($500 and $1,000) bonds, due January 1, 1905, interest payable
January and July at treasurer's office, Boston, Mass.
The scrip coupon notes ($576,520) were issued to fund certain maturing coupons in 1876,
1879 and 1883. These notes bear interest at 7 per cent, payable January and July, and be-
come due in 10 years.
760
POOR'S MANUAL OF RAILROADS.
Statement of earnings, expenses, etc., from 1879 to 1886 :
1879
1880
1881
1882
1883
1884
1885
1886
Passengers
S
111,052
S
170,743
$
203,860
8
174,964
S
194,342
$
188,522
$
188,504
S
176,539
Freight
237,844
307,522
319,379
323.712
308,380
345468
369 668
503,673
Other
31,790
32,023
39,419
40,458
70,970
55,083
56,116
43,137
Total Earnings
370,686
510,288
502,658
539,134
573,492
589073
614288
723,349
189,123
257828
301,913
301 940
335201
343489
388378
445 370
Net Earnings
181,563
252,460
260,745
237,194
238,291
245,584
225,910
277,979
Bales Cotton Moved
84,048
106,217
92,403
94,842
93,010
88,477
87,821
128.310
Acres Laud Sold
52,028
73590
47,786
49,432
40,676
28095
29800
36 623
Land Sales
S
202,9c7
8
288,406
8
185,705
8
167,588
8
143,688
$
99,080
$
107,104
$
121,190
Land Department. — The company has a land grant amounting to 1,057,027.71 acres.
During the year 1886, there were sold 36,622.73 acres, at an average of $3.31 per acre*
amounting to $121,189.91. Amount of land notes in hands of trustees, $411,876.27 ; interest
due on same at maturity, $75,381.28. There was sold to December 31, 1886, 502,544.10
acres, of which 93,919.82 acres since cancelled — net sales by this company, 408,624.28 for
$1,607,287 ; average per acre, $3.933. Acres sold by old company, 38,421.70; acres unsold,
609,981.73.
Annual meeting, last Thursday in April. Ownership of stock for three months entitles
holder to vote. Trustees of bonds, C. W. Huntington and George Eipley.
Directors (elected April 28, 1887). — Jay Gould, George J. Gould, A. L. Hopkins, New
York, N. Y.; S. H. H. Clark, Omaha, Neb.; Jesse Turner, Van Buren, Ark.; Henry Wood,
Charles F. Penzel, Little Rock, Ark.; W. M. Fishback, Fort Smith, Ark.
GEORGE J. GOULD, President. New York, N. Y
Vice-President— Henry Wood Little Rock, Ark.
Treasurer— A. H. Calef New York, N. Y.
Secretary— C. F. Shillaber Little Rock. Ark.
Auditoi — A. J. Lamborn Little Rock, Ark.
PRINCIPAL OFFICE AND ADDRESS Little Rock, Ark.
Transfer Office New York, N. Y.
LITTLE ROCK JUNCTION RAILWAY COMPANY.
Line of Road. — Argenta, Ark., to Little Rock, Ark 2 miles.
Gauge, 4 ft. 8| in. Rail (steel), 56 Ibs.
History. — Chartered in 1883 ; road opened December 9, 1884. This road, which includes
a bridge over the Arkansas River at Little Rock, is used as a connecting link between the Lit-
tle Rock and Fort Smith and Little Rock, Mississippi River and Texas Rys. The company
owns no rolling stock.
Operations for year ending December 31, 1885. — Earnings — passenger, $22,544.66; other,
$30,352— total, $52,89666. Operating expenses, $9,338.10. Net earnings, $43,558.56.
Payments : Interest on bonds, $28,000 ; on floating debt, $124.67 ; other payments, $2.50 —
total, $28,127.17. Surplus, $15,431.39.
Financial Statement, December 31. 1885.— Capital stock, $400,000; funded debt, 1st
mortgage and sinking fund 7 per cent. 30-year $1,000 coupon bonds, due April, 1914, inter-
est April and October, $400,000 ; loan account, $19,000 ; unpaid coupons, $7,105 ; profit and
loss, $15,431.39— total, $841,536.39. Contra: Cost of road, $883,795.07; current accounts,
$6,910.31 ; cash, $831.01— total, $841,536.39.
Interest payable at Boston, Mass. Annual meeting, last Thursday in April. Trustees
of bonds, F. Gordon Dexter and E. H. Winchester.
Directors (elected April 30, 1885).— F. Gordon Dexter, Elisha Atkins, Boston, Mass. ; E.
POOR'S MANUAL OF RAILROADS. 761
II. Winchester, Portsmouth, N. H.; J. A. Woodson, J. G. Fletcher, J. D. Adams, Chas. F.
Penzel, Little Rock, Ark.
GEORGE J. GOULD, President Boston, Mass.
Henry Wood, Vice-President Little Rock, Ark.
Secretary— G. F. Shil laber Little Rock, Ark. | Treaturer—A. H. Calef New York, N. Y.
PKINCIPAL OFFICE AND ADDRESS Little Rock, Ark.
Transfer Office ... .New York, N. Y.
LITTLE ROCK, MISSISSIPPI RIVER AND TEXAS RAILWAY COMPANY.
Main Line of Road.— Little Rock, Ark., to Arkansas City, Ark 113 miles.
Ouachita Division : Tripps to Warren 41 miles.
Total length of road operated 162 miles.
Sidings and other tracks, 10 miles. Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History. — Consolidation after foreclosure sale, December 10. 1875, of the Little Rock,
Pine Bluff and New Orleans, and the Mississippi, Ouachita and Red River RR. Cos. Both
companies received U. S. land grants and State aid bonds. The main line was completed
February 25, 1881.
Default was made in January, 1883, and scrip was offered to bondholders for two
years' interest to be funded. Default was made on coupons and scrip January 1, 1885.
Foreclosure suits were begun in November, 1885, and the road was turned over to the mort-
gage trustees, E. H. Winchester and John Reed, March 1, 1886.
Sold under foreclosure December 15, 1886, but owing to legal obstacles to the transfer
of the road to the purchasers, it was resold January 28, 1887, and transferred by the pur-
chasers at tliat sale to the St. Louis, Iron Mountain and Southern Ry. Co.
Rolling Stock. — Locomotive engines, 12. Cars — passenger, 8 ; baggage, mail, etc., 4 ;
freight (box, 89 ; platform, 149), 238 ; caboose, 6— total, 256.
Financial Statement, July 1, 1887.— Capital stock, $3,594,600 ; funded debt (1st mort-
gage 7 percent. 3,0-year bonds, dated July 1, 1876, interest payable January and July [$12,500
per mile], $1,890,500; 2d mortgage 7 per cent. 30-year bonds, due April 1, 1911, interest
April and October [$7,500 per mile], $1,106,000), $2,996,500 ; debts secured by collateral and
by mortgage of 40,000 acres of land granted by the State and forfeited for taxes, $450,000 ;
other liabilities, $349,989.87— total, $7,412,528.87. Contra: Construction, $6,652,846.10;
equipment, $251,568.48 ; materials, fuel, etc., $15,202.21 ; other property and assets, $4,-
849.78 ; cash, $11,012.39 ; profit and loss, $477,049.91.
PRINCIPAL OFFICE AND ADDRESS Little Rock, Ark.
Fiscal Agency and Transfer Office New York City, N. Y.
MANHATTAN, ALMA AND BURLINGAME RAILWAY COMPANY.
Line of Road. — Manhattan, Kan., to Burlingame, Kan. 56.62 miles.
Sidings, etc., 3.11 miles. Gauge, 4 ft. 8£ in. Rail, 52 Ibs.
History. — Chartered September 3, 1872. This road is owned jointly by the Union
Pacific Ry. and the Atchison, Topeka and Santa Fe RR. Cos. The bonds are held, one-half
each, by the U. P. Co. and the Atchison Co., and $837,000 of the $1,000,000 stock are held
jointly by those companies. •
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2; baggage, etc., 1.
Operations for year ending December 31, 1886. — Traffic statistics not reported. Earn-
ings— passenger, $14,078.76; freight, $26,171.56; mail and express, $6,384.44; miscella-
neous, $1,002.82— total, $47,637.58. Operating expenses and taxes, $61,521.66. Deficit,
$13,884.08. Other receipts, $3,204.21. Balance, deficit, $10,679.87 ; surplus previously,
$18,725.19— balance, net surplus, $8,045.32.
762
POOR S MANUAL OP RAILEOADS.
General Balance Sliest, December 31, 1886.
Construction and Equipment $1,678,000 00
Coupon Accounts 18,725 19
Accounts Receivable and Cash 17,209 03
Suspense Accounts.
971 93
Capital Stock $1,000,000 00
Funded Debt 678,000 00
Accounts Payable 28,860 83
.Profit and Loss...
8,04532
Total $1,714,906 15 Total $1,714,906 15
Funded debt consists of 1st mortgage 6 per cent. 30-year gold bonds, due July 1, 1910,
interest January and July.
Annual meeting, Thursday succeeding first Monday in May.
Directors (elected May 5, 1887).— F. G. Dexter, W. B. Strong, A. W. Nickerson, Alden
Speare, Jno. P. Whitekead, C. F. Adams, Jr., Blisha Atkins, F. L. Ames, Boston, Mass.; J. F.
Dillon, New York, N. Y.; J. E. Mulvane, A. L. Williams, Topeka, Kan.; E. B. Purcell, Man-
hattan, Kan.; L. E. Finch, Burlingame, Kan.
F. G. DEXTER, President Boston, Mass.
W. B. Strong, Vice- President Boston, Mass.
Treasurer & Asst. Sec. — G. L. Goodwin. .Boston, Mass. Compt. & Gen. Auditor— J. P. Whitehead. Boston, Mass,
Secretary and Asst. Treas. — E. Wilder — Topeka, Kan. General Manager— J. F. Goddard Topeka, Kan.
PRINCIPAL OFFICE AND ADDBESS Topeka, Kan.
MEMPHIS AND LITTLE ROCK RAILROAD COMPANY.
Line of Road. — Little Eock, Ark., to Memphis, Tenn 135 miles.
Sidings, etc., 14 miles. Gauge, 4 ft. 8| in. Bail (steel, 50 miles), 56, 60 and 72 Ibs.
History. — Chartered January 11, 1853 ; road completed January 5, 1874. The company
made default on 1st mortgage land grant bonds November 1, 1872, the road was sold in 1873,
and company reorganized as M. & L. E. Ey. Co. That company also failed, and was sold out
in 1877. The purchasing bondholders organized a new company under the charter of 1853,
and took possession September 29, 1877. On June 24, 1882, the road was placed in the hands
of a receiver, by whom it was operated until December 1, 1883, when the property was re-
stored to the company. On April 21, 1884, another receiver was appointed. On August 25,
1884, the receiver was discharged, and R. K. Dow, Watson Matthews, and Charles Moran,
trustees of the general mortgage, took possession of the road, and operated it till February,
1886, when it passed under the control of the Missouri Pacific By. Co. The gauge was
changed to standard width about June 1, 1886.
Boiling Stock. — Locomotive engines, 13. Cars — passenger, 12 ; baggage, mail, etc., 6;
freight (box, 155 ; stock, 22 ; flat, 99), 276— total, 294. Also, 6 caboose and 3 service cars.
In addition to its rolling stock, the company owns 1 transfer boat, 1 wharf boat with steam
elevator, and 1 steam shovel. Two passenger cars have been added during the fiscal year.
Operations for year'ending December 31, 1884. — Trains run (passenger, 168,966 ; freight,
148,108), 317,074 miles. Total engine service, 387,128 miles. Passengers carried, 120,925 ;
carried one mile, 9,055,684. Tons freight moved, 106,936 ; moved one mile, 9,882,677. Earn-
ings—passenger, $359,158.90; freight, $324,860.65; mail, $14,992.15; express, $26,524.75—
total ($725,536.45, less sundry credits, $3,646.45),!$721,890. Operating expenses, $531,056.74.
Net earnings, $190,833.26. The earnings under the company and the receiver from January
1 to July 31 were, gross, $351,201.95 ; net, $29,760.21. Under the trustees, from August 1
to December 31, the gross earnings were $370,598.05 ; net earnings, $161,073.05.
Statement of earnings and expenses for seven years :
1878
1879
1880
1881
1882
1883
1884
Gross Earnings
$
443,764
S
498,620
$
658,852
$
765,840
8
704.961
S
877.40668
8
721,890
Gross Expenses
327,346
290,253
354,853
570,327
659,015
633,28180
531,057
Net Earnings
116,418
138,367
303,999
189,513
45,946
244,12488
190,833
Expenses to Earnings
73. 77 p. c.
67. 70 p. c.
53. 80 p. c.
75.27 p. c.
93. 48 p. c.
71.61 p. C.
73. 56 p. C.
POOR'S MANUAL OP RAILROADS. 763
General Balance Sheet, January 81, 1884 (latest furnished).
Cost of Road, etc $4,928,9»2 96
Materials and Fuel 46,63623
Bills Receivable and Land Notes 28,18654
Accoiints Receivable 82,282 91
Oash in U. S. Sub-Treasury 218,<W8 08
Riissel Sase 116,470 08
Gash on Hand 85,577 25
Total Assets' $5,446,153 90
Capital Stock 81 .500,000 00
Funded l>-M 2,R'0.000 00
Mills Payable. 125,858 20
Sundry Account* Sff.577 W
Coupons General Mortgage Bonds 111,810 00
Coupons Preferred Bonds 10,000 00
Land Department 38.56645
Proflt and Loss 758,841 39
Total Liabilities. . . $5,440,153 90
Expenditures for construction during 1884 amounted to $59,074.55.
*Ihe funded debt consists of preference mortgage 10 per cent, bonds, due May 1, 1879,
extended to May 1, 1884, at 8 per cent., $50,000 ; due May 1, 1880-81-82, extending to May 1,
1883, at 6 per cent., $50,000 each ; due May 1, 1883, $50,000— total, $250,000 ; general mort-
gage 8 per cent. 30-year bonds, due July 1, 1907, $2,600,000.
Land Department.— Under acts of Congress of February 3, 1858, and July 28, 1866, this
road received land grants, of which there have been certified up to June 30, 1881, 141,837
acres. These lands are covered by the general mortgage.
Directors (elected February 16, 1885).— John C. Brown, D. S. H. Smith, St. Louis, Mo. ;
E. K. Sidley, Thomas Essex, B. C. Brown, Little Rock, Ark.
R. K. Dow, \ (Claremont, N. H.
CHAKLES MOHAN, t Trustees in Possession -j New York, N. T.
WATSON MATTHEWS,) ( Orange, N. J.
Rudolph Fink, Gen. Manager and Agent for Trustees Little Rock, Ark.
PRINCIPAL OFFICE AND ADDRESS Little Rock, Ark.
Trustees' Office 68 William Street (Moran Bros.), New York, N. Y.
MILL SPRING, CURRENT RIVER AND BARNESVILLE RAILROAD CO.
Line of Road.— Leeper Station to Penn 12 miles.
Sidings, 0.25 mile. Gauge, 3 ft. Rail, steel.
History.— Organized Feb. 23, 1884. with an authorized capital of $150,000, to build a road
from Mill Springs to Barnesville, Mo., 30 miles. Completed as above during 1884 and 1886.
Boiling Stock. — Cars — passenger, 1 ; platform, 4 ; other, 30.
Operations for year ending December 31, 1885. — Trains run (freight), 2,568 miles. Tons
freight moved, 9,472 ; moved one mile, 75,778. Earnings, $4,735.83 ; expenses, $4,330.43.
net earnings, $405.41.
Financial Statement, December 31, 1885. — Capital stock, $50,000; net earnings, $2,-
225.66; floating debt, $18,229.80— total, $70,455.46. Contra: Cost of road, $59,495.21;
equipment, $8,710.25; real estate, etc., $650; materials, etc., $1,600.
Directors,— Daniel Goetel, W. S. McMullen, Oil City, Pa. ; C. W. McCrea, H. H. Witt-
mer, Leeper, Mo.; W. H. Morris, Ironton, Mo.
DANIEL GOETEL, President Oil City, Pa.
Wm. S. McMullen, Vice- President Oil City, Pa.
C. W. McCrea, Secretary Leeper, Mo.
PRINCIPAL OFFICE AND ADDRESS Leeper, Mo.
MISSOURI, KANSAS AND TEXAS RAILWAY COMPANY.
Main Line of Road.— Hannibal, Mo., to Taylor, Tex 833.50 miles.
Neosho Section : Parsons, Kan., to Junction City, Kan 157.00 miles.
Jefferson Division : Jefferson. Tex., to McKinney, Tex. (narrow gauge) 155.00 miles.
Gainesville Branch : Whitenboro', Tex., to Gainesville, Tex 16.00 miles.
Dallas Extension : Denton, Tex., to Dallas, Tex .- 39.00 miles.
Belton Branch : Echo, Tex., to Belton, Tex 7.00 miles.
Atoka Branch : 7 miles ; Savannah Branch : 1.5 miles 8.50 miles.
Trinity and Sabine RR.: Trinity, Tex., to Ogden, Tex 67.00 miles.
Mineola Line : Denison, Tex., to Mineola, Tex 108.00 miles.
Total length of lines operated December 31, 1886 (owned, 1,815 miles). . .1,386.00 miles.
Sidings, etc., 157 miles. Gauges, 3 ft. and 4 ft. 8i in. Rail (steel, 948 miles), 52 to 63 Ibs.
764 POOR'S MANUAL — MISSOURI, KANSAS AND TEXAS RY. co.
History. — Organized April 7, 1870, by the consolidation of the Union Pacific, Southern
Branch, chartered September 20, 1865 ; the Tebo and Neosho, chartered June 18, 1870 ; the
Labette and^Sedalia, chartered May 7, 1878 ; and the Neosho Valley and Holden, whose road
was opened in 1871. The St. Louis and Santa Fe RR., Holden, Mo., to Paola, Kan., char-
tered December 1, 1870, was purchased at foreclosure sale, April 29, 1872 ; and the Hannibal
and Central Missouri, Hannibal to Moberly, 72.5 miles, chartered February 13, 1865, was pur-
chased in 1873. The line from Junction City to the southern boundary of Kansas was opened
June 1 "*.870; from Sedalia to Parsons, March 1, 1871 ; from southern boundary of Kansas to
Denison, January 1, 1873 ; and from Hannibal to Sedalia, September 1, 1873.
The Fort Worth line, from Fort Worth to Whitesboro', 71 miles, is owned and was built
by the Texas and Pacific RR. Co. It is operated jointly with that company by the M., K. &
T. Ry. Co., which pays as rental 6 per cent, on $10,000 per mile, and one-half taxes, expenses,
etc. The Osage Division, 54 miles, not included above, is operated by the Missouri Pacific
Ry. at an annual rental of $40,000 and expenses.
This road was leased to the Missouri Pacific Ry. Co. December 1, 1880 ; rental, net
earnings.
During the year 1881 the M., K. & T. Ry. Co. acquired the railroad and property of the
International and Great Northern Railway of Texas, by an exchange of two shares of its own
stock for one share of the I. & G. N.
Rolling Stock. — Standard Gauge : Locomotive engines, 163. Cars — passenger, 52 ; bag-
gage, mail and express, 34 ; refrigerator, 40 ; freight (box, 2,406 ; stock, 990 ; platform,
139; coal, 928), 4,463; caboose, 93; other, 15 — total cars, 4,697. Narrow Gauge : Locomotive
engines, 13. Cars — passenger, 5 ; baggage, mail and express, 5 ; freight (box, 80 ; stock, 12 ;
platform, 62 ; coal, 142), 296 ; caboose, 6 ; other, 2— total cars, 314.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger $1,575,920 07
Freight 5,470,741 64
Mail 191,697 10
Express 146,634 96
Other Sources 66,650 13
Total ($5,376.37 per mile) $7,451,643.90
Expenses.— -Transportation $1,469,022 64
Motive Power 1,238,47670
Maintenance of Cars 211,585 10
Maintenance Way 1,162,648 62
General 147,020 80
Total ($3,051.05 per mile) $4,228,753 86
Net earnings (43.25 per cent.), $3,222,890.04.
Income Account, December 31, 1886.
Net Earnings, 1886 $3,222,890 04
Dividends and Inerest Received 66,170 00
Unclaimed Wages and Other Accounts 44,919 23
Balance December 31, 1886 3,800,401 34
Total $7,134,380 61
Interest on Bonds $2.483,362 50
Rentals Leased Lines 42.534 00
Sundry Payments *1,444,124 19
Balance January 1,1886 3,164,35992
Total $7,134,38061
Interest on bonds : 1st mortgage bonds U. P. RR. So. Branch, $124,020 ; 1st mortgage
bonds Tebo and Neosho RR., $24,290; 1st mortgage bonds East Line and Red River RR.,
$20,920 ; 1st mortgage bonds Hannibal and Central Missouri RR, $48,953.33 ; Hannibal and
Central Missouri RR. 2d mortgage bonds, $2,240; 1st mortgage consolidated Missouri, Kansas
and Texas Ry., $1,038,846.67; 2d mortgage income bonds Missouri, Kansas and Texas Rj.,
$45,437.50 ; general consolidated 6 pei cent, bonds, $789,265; general consolidated 5 per cent,
bonds, $389,400— total, $2,483,362.50.
General Balance Sheet, December 31, 1886.
Cost of Road and Equipment ..$68,591,352 01 ' Common Stock $46,405,000 00
Real Estate... 124.136 58 ' Preferred Stock 9,676 45
Equipment Trust Fund 543,45100
Stocks and Bonds 18,445,78608
Current Accounts, Balances 1,587,029 41
Cash on Hand 41,992 71
Profit and Loss 3,800,401 34
Total Assets $93,134,149 13
Funded Debt 44,574,534 66
Unpaid Coupons and Interest Accrued . . . 1,042,656 70
Net Proceeds Land Department 1,102,281 32
Total Liabilities $93,134,149 13
* In this amount is included an allowance of $934,083.55 in adjustment of accounts between the two com-
panies ror past years.
POOR'S MANUAL — MISSOURI, KANSAS AND TEXAS RY. CO.
765
Stock and bonds listed on New York, London, and Amsterdam Stock Exchanges.
Annual meeting, third Wednesday in May, at Parsons, Kan. Books close thirty days prior
to and reopen the day after the meeting. The preferred stock was issued in 1874 for
funding purposes. All but $9,676.45 has been retired by exchange for income bonds or
otherwise. Stock must be owned 30 days to entitle holder to vote. Trustees of bonds :
Russell Sage and George J. Gould, Union Trust Company, Mercantile Trust Company, and
Farmers' Loan and Trust Company, New York ; Fidelity Asurance, Trust and Safe Deposit
Company, Philadelphia. Registrar of Stock, Mercantile Trust Company, New York.
Statement of operations, traffic, etc., for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
879.80
845,494
2,026,102
855,075
24,796,548
889,219
188.024,404
$
830,202
3,110,461
232,389
1,003.00
1,060,542
2.969,495
402,800
32,214,694
1,243,491
289202,202
$
1,058,054
4,050,419
252,663
1,386.00
1,351,960
2,471,611
557,035
52,372,227
1,655,103
293,472,397
$
1,380,591
4,710,072
566,564
1,386.00
1,884,154
4,444,045
793,808
58,945,429
2,130,894
419.802274
8
1,750,676
5,644,939
447,896
1.3BS 00
1,453,367
3,668,159
935,915
57,258,297
2,271,387
412,237,299
$
1,691,597
5,166,673
458,891
1,38600
1,610,092
3.3t«,ii97
929,557
54,688,537
2,088,734
392,867,474
$
1,592,713
4,8*1,860
427,083
1,38800
1,695,637
3,041,997
9«>4,(tK2
56,733,097
2,458,534
486,625,764
1,575,920
5,470,742
404,982
Passenger Train Miles
Freight Train Miles
Passengers Carried. . . . ...
Passenger Miles
Freight (.tons) Moved
Freight (ton) Miles. .
Passenger Earnings
Freight Earnings
Miscellaneous ....
Gross Traffic Earnings
4,161,671
2,616,046
5,360,837
. 3,299,541
6,657,227
4,295,503
7,843,511
4,646,503
7,317,251
4,347,247
6,853,656
4.055,102
7,451,644
4,228,754
Expenses
Net Traffic Earnings
1,545,625
2,001,296
149,622
2,361,724
3,197,008
2,970,004
2,798,554
3,222,890
Imp., Engine and Car Hire
Available Revenue
1,545,625
4,721 57
2,916 62
1,744 95
62.K8 p. C.
3.38 C.
1.65 c.
$
21,405,000
28,165,175
1,911,674
5,34480
3,289 67
2,055 18
58.71 p. C.
3.28 c.
1.39 C.
8
89,971,468
34,712,482
538,051
759,262
2,361,724
5,271 26
3,366 38
1,85088
63.98 p. C.
2.64 c.
1.60 c.
1
46,417,468
40,713,717
1,440,025
802,257
3,197,008
5,659 09
3,35246
2,30663
59.24 p. c.
2.97 c.
1.34 C.
$
46,417,567
41,560,590
1,492,549
896,676
2,970,004
5,279 40
3,13(J 54
2,14286
59.41 p. c.
2.95 c.
1.25 c.
$
46,414,676
41,657,185
1,132,150
975,405
2,798,554
4,94494
2,92576
2,019 18
59.17 p. c.
2.91 c.
1.23 c.
8
46,414,676
41,766,061
1,008,909
1,064,927
3,222,890
5,376 37
8,051 05
2,32532
56.75 p. c.
2.77 C.
1.12c.
46,414,676
44 574. 535
1,042,657
1,102,281
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass. Mile
Aver. Rate per Ton Mile
Capital Stock
Funded Debt
Coupons Interest, etc ....
Land Accounts
Total
49,570,175
76,031,263
56,091,669
89,374,067
66,943,015
90,367,482
66,448,676
90,179,416
66,457,085
90,314,573
66,907,014
93,134,149
68,591,352
543,451
124,137
18,445,7)*
1,587,029
41,993
3.SW.401
Cost of Road and Equipment
Real Estate
99,399
15,387,298
882,245
94,979
3,475,673
lil,2i4
16,899,203
1,138,354
Stocks and Bonds
18,484,410
1,468,807
54,705
3,910,784
18,495,719
1,767,480
56,493
3,402,639
18,560,049
1,631,240
51,910
3,164,360
Current Accounts
Profit and Loss
4,282,281
Total .
76,031,263
89,374,067
90,367,382
90,179,416
90,314,573
93,134,149
Land Department. — Under several acts of Congress the company received large land
grants, both in the State of Kansas and in the Indian Territory, those in the latter being sub-
ject to treaty stipulations and the extinguishment of the Indian title. The company has alto
received a grant from the State of Kansas. Total grant, 663,709 acres, all of which have
been sold.
The 1st mortgage Union Pacific Ry. S. Br. covers 182 miles, and land grant attached;
the 1st mortgage Tebo and Neosho RR. covers 102 miles. The 1st and 2d mortgages Han.
and Central Missouri RR. covers 71 miles. The 1st mortgage, consolidated, covers all lines
and lands, but is 2d after above-recited division mortgages. On the'2d mortgage income
bonds interest is payable if earned, but if not paid is cumulative. In 1881 the general con-
solidated mortgage covered 786 miles of railway belonging to the company, together with the
rights, privileges, franchises and property pertaining thereto, subject to four liens to the
766
POOR'S MANUAL — MISSOURI, KANSAS AND TEXAS RT. CO.
amount of $28,217,000, and for which a corresponding amount of bonds is to be retained as
follows :
Bonds : 1st. Nos. 1 to 2,296 inclusive, to retire U. P. Ry. Co. So. Br. bonds $2,296,000
2d. Nos. 2,297 to 2,645 inclusive, to retire Tebo &Neosho RR. Co. bonds 349,000
3d. Nos. 2,646 to 3,445 inclusive, to retire Han. & Cen. Mo. RR. Co. bonds 800,000
4th. Nos. 3,446 to 18,217 inclusive, to retire M., K. & T. 1st consol. bonds
of Feb. 1, 1871 ; June 1 and Nov. 1, 1872 ; and June 1,- 1873. ..... 14,772,000
$18,217,000
5th. Nos. 18,218 to 28,217 inclusive, when issued, are to be used for the pur-
pose of retiring M., K. & T. 2d mortgage income bonds and coupons
and scrip certificates for accrued interest on same, on terms to be there-
after arranged $10,000,000
$28,217,000
The remaining bonds (16,783) were applied as follows :
Nos. 28.218 to 30,217 inclusive, to provide new equip., roll, stock, etc. $2,000,000
Nos. 80,218 to 45,000 inclusive, to secure the construction and acquisi-
tion of such branches and extensions in Missouri, Kansas, Texas,
the Indian Territory, and the Republic of Mexico, as are now or
may be authorized by the charter, at a rate not exceeding $20,000
per mile 14,783,000—16,783,000
Total $45,000,000
The Boonville Bridge Bonds, now outstanding, $844,000, have also been assumed by the
company, which, through the trustees, purchased the full amount of the Bridge Company's
capital stock, and so became owners of the property.
Statement of funded debt in detail ($44,574,534.66 in all), January 1, 1887 :
Mortgages.
Date of
Mortgage.
Date of
Bonds.
Maturity of
Bones.
Amount.
Interest.
Authorized.
Outstand'g.
Rate.
When.
1st Mtg. U. P. RR., So. Branch. . .
1st Mtg. Tebo & Neosho RR
1st Mtg. E. Line & Red River RR.
1st Mtg. Hann. & Cent. Mo. RR. .
2d Mtg. Hann. & Cent. Mo. RR.. .
1st Mtg. Consol. Mo., K. & T. Ry.
Ad. 1st Mtg. Mo., Kan. & Tex. Ry.
Furtti'r ad. 1st Mtg. M., K. & T.lty.
1st Mtg. M., K. & T.Ry.,Ft.S.Br'ch
2d Mtg. Income, M., K. & T. Ry.
Un.Tr.Co.of N.Y.,2d M.In.B'd Ac.
2d Mtg. In. Coupon, Int. bearing I
scrip, Mo., Kansas & Tex. Ry. f
Gen.Cou.Mtg.tif. iJ's.M.,K.& T.Ky.
Gen.Con.Mtg.SjSB s.M.,K.& T.Ry.
Gen. Con. Mtg. 5% Bonds, M., K . i
& Tex. Ry., Fractional scrip., j
Novl4, 68
June 1, 70
June 1, 80
Apr.20, 70
Feb. 1, 72
Feb. 1, 71
June 1, 72
June 1, 73
Nov. 1, 72
Apr. 1, 76
Novl4,'68
June 1,70
June 1,'80
May 2, '70
Feb. 1,'72
Feb. 1,71
June 1,72
June 1,73
Nov. 1,72
Apr. 1,';6
Jan. 1, 1899
June 1, 1903
June 1, 1910
May 1, 1890
May 1, 1892
Feb. 1, 1904
June 1, 1905
June 1, 1906
Nov. 1, 1905
Apr. 1,1911
$
4,250,000
2,000,000
1,400,000
1,100,000
250,000
14,000,000
2,500,000
1,400,000
2,000,000
10,000,000
$
2,067.000 00
347,000 00
347,000 00
697,000 00
32,00000
10,492,01)0 00
2,498,000 00
671,000 00
1,182,000 00
756,500 00
16,703 38
p. c.
6 gold
7 gold
6 gold
7 gold
7 gold
7 gold
7 gold
7 gold
"gold
6 c'cy
Jan. & July
June <fe Dec,
June & Dec.
-May A Nov.
May & Nov.
Feb. & Aug.
Feb. & Aug.
Feb. & Aug.
Feb. & Aug.
Apr. & Oct.
2,523,349 98
Dec. 1, 80
Dec. 1, 80
Dec. I, '80
Dec. 1,-80
Dec. 1, 1920
Dec. 1, 1920
45,000,000
15,154,000 00
7,788,000 00
2,981 30
6 gold
5 gold
June & Dec.
June & Dec.
Directors (elected May 18, 1887). — Jay Gould, Sidney Dillon, William Dowd, Samuel
Sloan, George J. Gould, Russell Sage, A. L. Hopkins, Geo. J. Forrest, N. L. McCready, Thos.
T. Eckert, R. M. Gallaway, New York, N. Y.; David Kelso, Parsons, Kan.; C. H. Pratt,
Humboldt, Kan.; H. C. Cross, Emporia, Kan.; F. L. Ames, Boston, Mass.; S. H. H. Clark,
St. Louis, Mo.
JAY GOULD, President New York, N. Y.
S. H. H. Clark, 1st Vice- President and General Manager St. Louis, Mo.
A. L. Hopkins, 2d Vice-President New York, N. Y.
George J. Gould, 3d Vice -President New York, N. Y.
Secretary and Treasurer— H. B. Henson New York. Superintendent — A. W. Dickinson St. Loni?, Mo.
Local Treasurer— D. S. H. Smith St. Louis,Mo. General Auditor— C. G. Warner St. Louis, Mo.
PRINCIPAL OFFICE AND ADDBESS St. Louis, Mo.
Transfer Office 195 Broadway, New York, N. Y.
POOR'S MANUAL OF RAILROADS. 767
. »
MISSOUBI PACIFIC RAILWAY COMPANY.
Main^Line of Road.— St. Louis, Mo., to Omaha, Neb 496 miles.
St. Joseph Extension : Atchison, Kan., to St. Joseph, Mo 21 miles.
Carondckt Branch : Kirkwood, Mo., to Carondelet, Mo 13 miles.
Jefferson City, Lebanon and Southwestern KB.: Jefferson City, Mo., to Bagnall, Mo. 45 miles.
La, Glede and Creve Cosur Lake MR.: La Clede Junction to Creve^Coeur Lake 12 miles.
Boonmlle Branch : Boonville, Mo., to Versailles, Mo 44 miles.
Independence Branch r Sedalia, Mo., to Independence, Mo 88 miles.
Paola Branch : Paola, Kan. , to Le Roy Junction, Kan 61 miles.
Ottawa Branch : Osawatomie Junction to Ottawa, Kan 20 miles.
Lexington and Southern Div.: Pleasant Hill, Mo., to Joplin, Mo 133 miles.
Quarry Branch, 3 miles ; Glencoe Branch, 4 miles 7 miles.
Poplar St. Track (at St. Louis) .' 1 mile.
Osage Division : Holden, Mo., to Paola, Kans 54 miles.
Nevada and Minden By. : Miuden Junction, Mo., to Chetopa, Kan 74 miles.
Lincoln Branch : Lincoln Junction to Lincoln, Neb 34 miles.
Total length of lines operated December 31, 1886 (owned, 982 ; leased, 121). .1,103 miles.
2d track, 23 ; sidings, 226 miles. Gauge, 4 ft. 8J in. Rail (steel, 1,104 miles), 52 to 63 Ibs.
Of the main Hue, 2 miles, between Atchison Union Depot and Central Branch Junction,
Kan., are owned by the Central Branch Union Pacific RR., and 15 miles between Papillon
and Omaha, Neb., are used jointly with the Union Pacific Ry. The tracks of the Hannibal
and St. Joseph RR. (St. Joseph Extension) from Atchison, Kan., to St. Joseph, Mo., 21 miles,
are used under contract. The Boonville Branch (Boonville, St. Louis and Southern Ry.) is
leased at an annual rental of $25,000. The company also uses the Osage Division of the
M., K. & T. Ry., from Holden, Mo., to Paola, Kan., 54 miles, paying therefor a rental of
$40.000 and all taxes and expense?.
In addition the company operates the following lines :
Owned : St. Louis, Iron Mountain and Southern RR. and branches 923 miles.
^Missouri, Kansas and Texas Ry. and branches .1,386 miles.
T , I International and Great Northern RR. and branches 775
teased : -< Gaiveston) Houston and Henderson RR 50— 825 miles.
[ Central Branch Union Pacific Ry. and branches 388 miles.
Operated : Sedalia, Warsaw and Southern RR 42 miles.
Total length of all lines operated, including Missouri Pacific Ry. proper, De-
cember 31, 1 886 4,667 miles.
The financial condition and operations of the roads owned and leased are given under
the heads of their respective companies. The earnings of the M. P. Ry., given below, are
only from its own mileage.
History. — The company to which the Missouri Pacific is successor was incorporated by
charter approved March 12, 1849, under the name of the Pacific Railroad Company, with a
capital of $10,000,000, to build a road from St. Louis to Jefferson City, and thence to the
western boundary of the State. Construction was commenced July 4, 1851, and the road
opened to Cheltenham, 5 miles, December 9, 1852 ; to Pacific, 37 miles, July, 1853 ; to Jef-
son City, 125 miles, March, 1856 ; to Tipton, 163 miles, July, 1858 ; to Sedalia, 189 miles,
February, 1861 ; and to Kansas City, 283.37 miles from St. Louis, in October, 1865. The
first engine was put upon the track in November, 1852.
The company received aid from the State to the amount of $7,000,000 and unpaid inter-
est of which $5,000,000 was repaid under the compromise act of March 81, 1868. By its
charter the company was authorized to construct a railroad to the southwestern part of the
State. To aid in the construction of this branch, Congress made a grant of land equal to
3,840 acres to the mile — in all, 1,161.204 acres. The Southwest Branch was taken posses-
sion of by the State in 1866, for non-payment of interest on the State subsidy, and sold
with the land?, in 1866, to the Atlantic and Pacific RR. Co., which company, in 1872, leased
the line of the old company. The two roads were operated under one management until
1876, when the Pacific road was sold, September 6, 1876, under process of foreclosure of the
3d mortgages, and conveyed by the purchasers to the present company, incorporated October
768
POOR'S MANUAL— MISSOURI PACIFIC BY. CO.
21, 1876, trith a share capital of $3,000,000. The amount of old indebtedness prior to the
3d mortgage, and assumed by the new company, was $13,700,000.
By articles of association, filed August 11, 1880, the Missouri Pacific was consolidated
under the same name, with the St. Louis and Lexington, the Kansas City and Eastern, the
Lexington and Southern, the St. Louis, Kansas and Arizona, the Missouri River and the
Leavenworth, Atchison and Northwestern Railroads. The authorized share capital of the
consolidated company was $30,000,000 ; amount issued to carry out consolidation, $12,-
419,800. The funded debt of the new company, including three of the present lines, waa
$19,259,000.
The Missouri, Kansas and Texas Ry. (which see) was leased to the M. P. Ry. Co., De-
cember 1, 1880, the rental being the net earnings of the leased line.
The M. P. Ry. leases the Central Branch U. P. Railroad for 25 years from December 6,
1886, accounting to the Union Pacific Co. (which owns it) for the net earnings.
During the year 1881 the M. P. Ry. acquired the ownership of the railroad, branches,
and property of the St. Louis, Iron Mountain and Southern Ry. Co. by an eichange of three
shares of its capital stock for four shares of that of the St. L., I. M. and S. Ry.
The International and Great Northern RR. of Texas was acquired by the M. , K. & T. Ry.
of Missouri by an exchange of one share of the stock of the former for two shares of the
stock of^the latter.
The Nevada and Minden Ry. and the Lincoln Branch were built in 1886 and added to
the mileage of the Missouri Pacific Railway. The mileage of roads constructed and added
to the Missouri Pacific System during 1886, and the mileage unfinished at the close of that
year are shown elsewhere in this statement.
Rolling Stock. — Locomotive engines, 229. Cars — passenger, 112 ; baggage, mail and ex-
press, 31 ; freight (box, 3,701; stock, 503; platform, 365; coal, 2,846 ; refrigerator, 100), 7,515;
caboose, 102 ; service, 35 — total cars, 7,795. The 100 refrigerator cars are leased to the Ameri-
can Refrigerator Transit Co.
Operations for year ending December 31, 1886. — Train mileage — passenger, 1,951,926 ;
freight, 2,701,404- -total, 4,653,330 miles. Passengers carried, 2,005,862 ; carried one mil^
87,673,838 ; average mile rate, 2.34 cents. Tons of freight moved, 3,033,601 ; moved one mile,
475,248,905 ; average ton-mile rate, 1.19 cents.
Earnings.— Passenger §2,049,227 76
Freight 5,665,169 20
Mail 213,402 92
Express 173,86742
Miscellaneous and Rents. . . 269,432 53
Expenses.— Transportation $1,748,912 40
Motive Power 1,336,461 51
Maintenance of Cars 344,208 22
Maintenance Way & Buildings 1,347,406 86
General 164,053 35
Total ($8,095.84 per mile) §8,371,09983 Total (§4,778.57 per mile) $4,941,042 40
Net earnings (40.98 per cent.), $3,430,057.43.
The interest paid on bonds during 1886 (see Income Account, following), was the total
amount which accrued on all bonds outstanding, as per bond statement. The rentals paid
leased lines were as follows: Boonville, St. Louis and Southern, $25,000; Hannibal and St.
Joseph, $13,500 ; Osage Division M., K. & T., $40,000 ; Central Branch U. P., $7,361,83 ; U.
P. Ry., Papillon to Omaha, $21,800— total, as per Income Account, $107,661.83.
Income Account, year 1886. -
Net Earnings, 1886, as above $3,430,057 43
Interest and Dividends 175,482 60
Rental Terminal Facilities 146,342 97
Equalization of Traffic, etc 1,021,156 89
Balance of Income Account, Jan. 1, 1886. . . 4,793,296 61
Interest on Bonds $1,875,470 00
Rentals Leased Lines 107,661 S3
Dividends 2,531,770 16
Taxes, Interest and Exchange, etc 552,241 48
Balance, December 31, 1886 4,499,193 03
Total $9,566,336 50 Total $9,566,336 50
Statement showing the dates and rates of dividends (all cash) paid by the company since
its organization :
Date. p. c.
Oct. 15, 1880 I*
Jan. 3, 1881 1J
April 1, 1881 H
July 1, 1881 H
Oct. 1,1881 1*
Date. p. c.
Jan. 3, 1882 1*
April 1, 1882 li
July 1, 1882 I|
Oct. 2, 1882 1}
Date. p. c.
Jan. 2, 1883 If
April 2, 1883 If
July 2, 1882 li
Oct. 1, 1883 1J
Date.
Jan. 2, 1884
April 1, 1884
July 1, 1884
Oct. 1, 1884
p. c.
H
1*
Date.
p. c.
Jan. 2, 1885 1}
April 1, 1885 If
July 1, 1885 If
Oct. 1, 1885 1}
Date.
Jan. 2, 1
April 1, 1886
July 1, 1886
Oct. 1, 1886
p. c.
1J
If-
If
1J
POOR'S MANUAL — MISSOURI PACIFIC BY. CO.
769
Statement of operations, capital account, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles RR. Operated
Passenger Train Miles. . .
1- rcight Train Miles
Passengers Carried
421.58
686,040
1,954,902
890,401
40,020,238
1,893,057
219,885,868
$
1,000,080
2,624,524
298,289
706.50
686,640
1,954,1102
1,086,477
40,851,357
2,510,509
282,933,324
$
1,825,045
4,014,129
368,599
774.00
1,109,788
2.940,078
1,017,507
5(1.1 :)-,'. Hi;
2,712,634
868,817,009
$
1,472,150
4,806,914
2,361,894
886.00
1,317,106
1,068,878
1,472,811
r'.i.su.s-,;
8,194,aV5
401,012,897
$
1,814,062
5,665,913
1,315,196
990.00
i.5oi, •JOD
3,992,476
1,507,0*3
77,631,564
3,270,721
447,088,446
S
2,059,387
6,834,215
760,129
995.00
1,647,442
2,379.667
1,747,862
80,473,8:>1
2.s3:i,r,2i
ll'.l.4S7,OH7
s
2,043,457
6,047,339
686,882
9fl6.00
],7'.»4.oo:i
2.2S3.I12
1,813,460
88,275,907
2,712,876
408,940,988
9
2,032,244
5,202,704
648,615
1,034.00
1,951,926
2,701,404
2.005,863
8,033,601
475,248,905
2,049,228
5,665,169
656.703
Passenger Miles
Freight (tons) Moved
Freight (tons) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Total Earnings
3,922,893
2,139,159
5.707,774
8,165,326
S,tilll.!).\S
3,028,155
8,795,171
4,476,210
9,153,781
4,978,465
8,777,627
4,492,877
7,943,568
4,338,319
8371,100
4,941,042
Operating Expenses
Net Traffic Earnings
Other Receipts
1,783,734
2,552,447
5,012,803
4,318,961
4,175,266
489,601
4,284,750
1 15,374
3,0i>5.*ll
774,187
3,430,058
1,342,982
Available Revenue
1,783,784
994,110
145,694
2,552,447
1,201,926
251,038
01)186297
372,593
+ 540,593
7,570 12
4,215 98
3,354 14
55.28 p. C.
2.86 c.
1.42C.
391.50
537.56
330.00
134
58
26
3,292
83
$
12,419,800
19,495,000
i- 1,678,701
2,333,712
5,012,803
1,344,372
78,500
(«) 1. 24.K.7
524,465
+ 1,541,299
11,16403
4.687 54
6,476 49
41.99 p. c.
2.48C.
l.SOc.
904.00
1,017.00
538.75
134
78
28
4,139
105
$
29,955,375
20,604,000
7,393,883
4,057,757
4,318,961
1,598,390
96,000
• >•.; l,»«i, 4l»
100,747
+ 577,405
9,926 83
5,052 16
4,874 67
50.89 p. C.
2.27 c.
1.41c.
i'90.00
1,138.00
718.00
152
81
30
4,582
120
$
29,95S,900
25,879.000
6,836,042
4,635,162
4.614.927
1,667,880
4,430,124
1,798,200
114.660
(7)2,0»8,10«
047,457
+ 179,769
8,a57 34
4,53368
4.3:23 oo
51.18 p. c.
2.54C.
1.44C.
995.00
1,223.00
847.00
164.00
77
82
5,421'
141
$
29,974,800
28,895,000
504,693
799,068
4,884,794
4,379,381
1,787,250
112.996
(7) «,088,S?«
472,396
- 91,497
7,98348
4.360 12
8,62336
54.62 p. c.
2.44C.
1.28 c.
995.00
1,223.00
847.00
176
80
3-2
6,081
138
$
29,974,800
30,000,000
512,401
1,060.087
4,793,296
4,773,040
1,875,470
107,662
(7) 8,581,770
552,242
-294,104
8,09584
4,778 57
3,317 27
59.02 p. c.
2.34c.
1.19C.
982.00
1,231.00
1,104.00
229
112
31
7,515
137
39,959,600
30,000,000
514,271
3,494,508
4,499,193
Interest Paid
Lease Rentals
Dividends
Other Payments
23,728
+ 630,202
9,30046
5,074 15
4,226 31
54.52 p. c.
2.50C.
1.19C.
294.58
378.58
283.33
107
54
23
2,427
71
$
800.000
15,123,000
342.317
333,654
1,560,322
Balance (+ or — ) ..
+ 429,401
9,24619
5,028 74
4.217 45
54.39 p. c.
2.69c.
1.44c.
990.00
1,210.00
739.00
155
85
29
4,622
132
$
29,962,125
26,895,000
J 496.433
1 2,555,563
5,064,563
Gross Earnings per Mile.
Gross Expenses per Mile.
Net Earnings per Mile. . .
Expenses to Earnings . . .
Aver. Pass -Mile Rate . . .
Average Ton-Mile Rate . .
Miles RR. Owned
Miles Track Owned
Miles of Steel Rail
Locomotive Engines
Passenger Cars
Baggage, etc., Cars
Freight Cars.
Caboose and Other Cars.
Capital Stock
Funded Debt
Unpaid Interest
Sundry Accounts
Profit and Loss
•Total Liabilities
Road and Equipment . . .
Real Estate
18,159,293
15,843,391
43,834
603,524
106,299
272,916
1,291,329
35,891,213
82,412,211
!• 1,286,811
268,440
1,364,927
558,824
62,071,015
33,555,939
f 73,767
| 20,300,867
1,091,763
6,463,139
585,540
66,809,104
39,069.158
119.243
20,850,312
624,117
4,901,284
1,238,990
64,971,684
1 89,950,939
22,3-34.316
1,185,718
731,601
779,050
65,058,355
40,618,132 -|
21,776,077
1,094,682
991,620
577,844
66.841,184
40,748,625
413.'; 02
22,650,933
1,080,774
897,870
549,780
78,467,572
43,745,221
476.409
26,642,615
1,601,291
3,273,250
2,728,786
Stocks and Bonds
Materials and Fuel
Sundry Accounts
Cash on Hand
Total Assets
18,159,293
35,891,213
62,071,015
66,809,104
64,971,684
65,058,355
66,341.184
78,467,572
Statement of funded debt in detail, December 31, 1886:
Character of Bonds.
Date of
Bond.
Maturity of
Bond.
Amount
Rate of In-
terest.
Interest
Payable.
Date of
Mortgage.
Author-
ized.
Out-
standing.
1st Mtge. Pac. RR. of Mo. ...
2d Mtge. Pac. RR. of Mo ....
Real Es.Mtge.Pac.RR.of Mo.
1st Mtg.Caron.Br.P.RR., Mo.
3d Mtge. Mo. Pac. Ry
Aug. 1, 1868
July 1,1871
May 1, 1872
Oct. 1, 1873
Nov. 1, 1876
Oct. 1, 1880
Nov. 1, 1880
Oct. 1, 1870
Aug. 1,1888
July 1, 1891
May 1, 1*92
Oct. 1,1893
Nov. 1, 1906
Aug. 1, 1920
Nov. 1, 1920
Oct. 1, 18S9
$7,000,000
3,000,000
800,00<)
500.000
4,500,000
060,000
30,000,000
500,000
$7,000,000
2,573,000
800,000
245,000
3,828,000
6.-0.000
14.714.000
190,000
6 p. c. Gold
7 p. c. c'y
8 p. c. c'y
6p.c. Gold
7 p. c. c'y
5 p. c. Gold
6 p. c. Gold
7 p. c. c'y
Feb. & Aug.
Jan. & July
May & Nov.
Apl. & Oct.
May &Nov.
Feb. & Aug.
May & Nov.
Apl. & Oct.
July 15, 1868
July l, 1871
Apl. 19, 18?2
Oct. 1, 1873
Nov. 1, 1876
Oct. 1, 1880
Nov. 1, 1880
Nov. 4, 1870
1st Mtge. M. P. Ry. Lex. Div.
1st Mtge. Cons. M. P. Ry . . . .
lstM.Leav.,Atch.&N.W.RR.
On March. 10, 1886, the capital stock was increased from $30,000,000 to $36,000,000 ; on
the 10th of December, 1886, to $40,000,000 ; aud on May 10, 1887, to $45,000,000— the increase
in each case being issued pro rata to stockholders at par, and the proceeds applied to the ex-
tension and improvement of the system.
49
770
POOR'S MANUAL — MISSOURI PACIFIC RY. CO.
General Balance Sheet, December 31, 1886.
Construction, Equipment, etc $43,745,220 91
Real Estate 476,409 69
Stocks and Bonds 26,642,614 91
Materials and Fuel 1,601,291 03
Due from Agents and Others 3,273,850 00
CashOnHand 2,728,78573
Capital Stock $39,959,000 00
Funded Debt 30,000,000 00
Interest Due and Accrued 51 4,270 82
Sundry Accounts 3,494,508 42
Profit and Loss ... 4,499,193 03
Total Assets $78,467,572 27 Total Liabilities $78,467,572 27
The following statements show the mileage, equipment, capital, and revenue accounts for 1SSS
of all lines embraced in the Missouri Pacific system :
Length
RK.
Total
Track.
Steel
Rails.
Loco-
motiv's
Pass.
Train
Cars.
Frelzht
Train
Cars.
LIABILITIES.
ASSETS.
Stock.
Bonds.
Other.
Total.
Cost
Other.
M.
1,103
9J3
1,886
| 825
i 888
42
M.
1,385
1,161
1,568
985
434
43
M.
978
764
»49
670
141
No.
247
168
176
( 7a
1 15
35
2
No.
249
95
188
63
17
23
1
No.
io,2'*o
4,316
5,703
1,463
164
660
42
1
*39,9fi9,600
22,083,19i
46,414,676
9,756,000
1,000,0 o
f 1,000,000
< 1,5-'6,000
(. 202,80'J
329,703
I
80,000,010
8.i,S4>,4*8
44,574,635
15,001,0 0
2,000,000
8,»80,OilO
4,070,000
642,0 0
8^,0(0
1
4,OC8,779
1,46^.62T
2,144,938
299,741
106,531
l'.'6.6«0
*
73,96?,379
69,086.BOo
W,134,149
25,062,741
8,106,531
794,288
1
44,221 631
51,080,67.)
69,288,940
27,92<>,(>41
3,0 9,624
3,976,409
6,698,865
744,800
687,708
*
84,245,9'
8/71,1
20,074 S(
701,2
St. L. . Iron Mtn. and So ....
48,4!
Atcli., Col and Pacific
Atch , Jewell Co. and West
Sed., War. and So
Totals
4,607
5,604
8,402
706
561
22,437
Gross
Earnings.
Operating
Expenses.
Net
Earnings.
Other
Receipts.
Total
Available
Revenue.
Divlden's
on
Stock.
Interest
on
Bonds.
Other
Pay-
ments.
Total
Payments.
Surplus
or
Deficit.
Missouri Pacific
$
8,64)020
7,311 612
t
5,2 8,724
3 888,332
*
3,406, '96
t
1,360 833
169 .-00
t
4,767,128
t
2,631,770
1,875,470
2,il4,131
*
653,992
860,144
t
5,01.1 232
2,664 275
ti 294, 1C
Mo., Kan. and Texas
7,<61 644
4,228,764
3,222.890
U'6 463
3,349243
2,483,362
911 020
1, 102,0-2
1 567
3,98) 384
9)2 5-7
d 6.0,04
401 Cl.'ll
395,35;;
26) 206
100,000
13,467
118 4"7
Central Br U P
140,446
Atch. Col. and Pacific
P. RR.
244 200
f HR
32,620
27 441
2 188
Totals
* Including Exchange for Iron Mountain Stock.
NEW CONSTRUCTION. — The new lines constructed in 1886 were located in the States of
Missouri, Kansas, Nebraska, Arkansas and Texas, and consisted of the following :
NAME.
Miles
From—
To—
When Completed.
Missouri Pacific Ry. in Kansas...
Wichita & Colorado Ry. (extension).
Nevada and Miuden Ry
Lincoln Branch Ry
13
22
74
34
120
15
23
40
10
62
27
75
6
40
12
71
52
35
48
66
12
12
84
47
250
25
Chico
Salina
May 12, 1886.
Feb. 11, 1886.
Aug. 11, 188(5.
Aug. 25, 1886.
Unfinished Dec. 31, 1886.
Nov. 21, 1886.
Unfinished Dec. 31, 18S6.
Unfinished Dec. 31, 1886.
Unfinished Dec. 31, 1886.
Sept. 22, 188ti.
Unfinished Dec. 31,1886.
Sept.. 9, 1886.
Unfinished Dec. 31, 1886.
December 24, 1886.
Unfinished Dec. 31,1886.
Nov. 30. 1F86.
Dec. 27, 1886.
Dec. 27. 1886.
Unfinished Dec. 31.1886.
Unfinished Dec. 31, 1886.
Dec. 27, IhSti.
Dec. 27, 1880.
Untinislu'd Dec. 31, 1886.
Unfinished Dec. 31, 1886.
Unfinished Dec. 31, 1886.
Unfinished Dec. 31, 1886.
Mt. Hope
Nevada
Weeping Water
Jefferson City. .
Papillon Jc. . . .
Weeping Water
Geneseo
Hoisington
Monteith
Hutchinson ...
Chetopa
Lincoln . ....
Jefferson Cy., Boonville & Lex. Br. .
Omaha Belt Ry
Lexington
Omaha
Nebraska City Extension
Nebraska City
Salina, Sterling and El Paso Ry
Great Bend Branch
Hutchinson
Great Bend
St. Lonis & Emporia Ry
Adana
St. Louis & Emporia Ry
Adana
West Line of Coffee Co
Independence
June, with D., M. & A. Ry.
40th mile post
Verdigris Val., Independ.& W'n. Ry.
Verdigris Val., Independ.& W'n. Ry.
Leroy & Caney Valley Air-Line RK.
Leroy & Caney Valley Air-Line RR.
Coun. Grove, Osage Cy. & Ottawa Ry.
Dallas and Greenville Ry
Leroy
Independence. .
Roper
40th mile post..
Council Grove..
June, with D., M. & A. Ry.
Ottawa. ...
Dallas
Greenville
Taylor, Bastrop and Houston Ry
Taylor, Bastrop and Houston Ry
Gainesville. Henrietta & West. Ry..
White River Branch Extension
Memphis Branch Ry
Taylor.
Bastrop . . .
Bastrop
Fayetteville
Gainesville
Henrietta
Batesville
Bald Knob....
White River . . .
Paola
Manganese Mines
White River.
Memphis Branch Ry
Memphis
Kansas Oity
Kansas City & Southwestern Ry
Denver, Memphis & Atlantic Ry
Kansas and Southwestern Ry
Chetopa
Lamed ,
Panola
luka
POOR'S MANUAL — MISSOURI PACIFIC RY. CO.
771
Total mileage completed and operated December 31, IRSfl. . . 51? mile*.
Mileaire under construction unfinished December 31, 18H«
The uncompleted lines included in the above were nearly finished at the close of the year, but had not \ct
been received from the contractors. The completion of the Memphis branch of the Si. Lonlc. Iron .Mountain and
Southern Railway was delayed by the difficult nature of the country traverse! l.v tin- line, but the work wan in
such condition as to allow its completion in June of the current year
The extension of the Gainesville, Henrietta and Western Railway, from Gainesville to Henrietta. Texas, 66
miles, has been placed under contract for completion May 1,1887. The extension <1 tin- Taylor, Un-trop and
Houston Railway, from Bastrop to Fayetteville, a distance of 48 mile*, Is under contract for completion Au-
gust 1, 1887.
Surveys are in progress for a line from San Marcos on the International and Great Northern Railroad, to a
junction with the Taylor, Bastrop and Houston Railway, 75 miles, and from Fayetteville to Houston, 81 mites,
making a through line from San Antonio to Houston, 19ti miles in length.
The surveys and estimates for construction of a line from Texarkana to Dalngerfleld, and from Dallas to
Hillsboro or Waco, were made during the year preparatory to conotruction in 1887.
The Iron Mountain Railway Company of Memphis was organized during the year to provide terminal facili-
ties for the Memphis Branch, and extensive purchases of real estate for that purpose have been made by that
company in the city of Memphis.
The construction of the line from Jefferson City to Lexington, 120 miles, was commenced, and contractors
were placed at work before the close of the year. This line, when completed, will furnish practically \ double
track for the Missouri Pacific Railway from Jefferson City to Kansas City, with grades not exceeding li. feet to
the mile, besides opening a large tributary country for local traffic. Extensive coal fields near Lexington will also
be opened by this line.
The extension of the Nebraska City Branch from Nebraska City to a point on the main line South of Dunbar,
17 miles, has been placed under contract, and the rails will be laid early in the spring, materially reducing the
grade of the line from Atchison to Omaha and Lincoln.
The Little Rock, Mississippi River and Texas Railway, extending from Little Rock to Arkansas City, 113
miles, with a branch to Warren, Arkansas, 49 miles, has been acquired, and will form an integral part of the Iron
Mountain System. Further examinations of the western part of Arkansas for an extension of this iine will be
entered upon with the expectation of developing the extensive coal fields of that State and furnishing fuel lor
railway and commercial purposes in Arkansas and Texas.
Other important extensions in Kansas. Nebraska and Texas are contemplated during the coming year to se-
cure the traffic naturally tributary to the Missouri Pacific System, and add to the producive capacity of the existing
lines. Contracts for about 1,000 miles of steel rail, tiesand.construction material nave been made for this purpose.
ST. LOUIS, FT. SCOTT AND WICHITA RAILROAD. -The St. Louis, Ft. Scott and Wichita
Railroad was operated during the year in close traffic relations with the Missouri Pacific lines, but under separate
operating officers. Its mileage was increased by the construction of 2'J miles of new road extending from _\ewtou
to McPherson, Kansas, and 18 miles southwestwardly from Anthony towards New Kiowa, Kansas, making the
total length of railway owned by this company on December 31, 188(5, 293 miles.
The extensions from Anthony to New Kiowa wili be completed early in the current year, reaching the dis-
tributing point for an extensive cattle trade In Southern Kansas and the Indian Territory.
Surveys for a further extension of the Newton Branch from McPherson to Ellsworth, a distance of about 30
miles, have also been made.
The gross earnings of the lines in 1886 were $783,033 03
Operating expenses 575,338 96
Surplus earnings 207,694 07
Increase in gro-s earnings compared with 1885 119,981 48
Percentage of operating expenses to gross earnings, 73.48 per cent.
OPERATION OF BRANCH LINES.— The following table shows the results of operations of branch lines and
was used for this purpose, and the deficit of $23,761.18 in net earnings charged to Income Account of the Missouri
Pacific Railway Company.
LINKS.
Period Operated.
Mileage
Dec. 81,
1886.
Gross
Earnings.
Operating
Expenses.
Snrplns
Earnings..
Topeka, Salina and Western RR
Rook« County RR
Year...
Year
70
18
47
62
75
71
$
141,255 85
•."1,10248
32,698 50
29,IK)1 19
35,757 88
5,50401
127,56380
21.58402
43,12027
28,95863
40,762 24
35,692 19
$
13,692 05,
d. 10.45JJ 71
64256
d. 5.004 36
a. 80,18818,
Wichita and Colorado Ry
Feb. 14 to Dec. 81,1886..
May 17 to Dec. 31, 1886...
July 16 to Dec. 81, ia-6...
Sept. 25 to Dec. 31, 1888..
Verdigris Val., Independ. & West. RR.
Council Grove, Osage Cy. & Ottawa Ry..
TVitfll
343
273,919 97
297,681 15
d. 23,761 18
Other branches comprising a mileage of 195 miles, were completed near the close of the year, and the statistics
for the short period of their operation in 18»6 will be included iu the accounts of the current year.
COAL DEPARTMENT.— The tonnage of coal mined upon the lines during the year was 1,172^)52 tpns, an in-
crease of 69,172 tons compared with 1885. Of this output 624,929 tons were transported as commercial coal, and
547.123 tons' were purchased for company use.
The total tonnage of commercial coal transported during the year, including the amount received from con-
nectin^ lines was 877 510 tons, an increase of 247,959 tons, producing a gross freight revenue of $1,807,102.21, .an.
. -J. ^ j ...stu loo* r revenue received from transportation of company coal wa».
increase of $899,705.78 compared with 1&S5
cost of $1^459,614.52, an average price of $1.74 per ton,
iU P^rL°rVwas1consumtedPonta)lldivi8ions during the year 798,118 tons of coal at a cost of J1.487,042J89,AU average
772 POOR'S MANUAL OF RAILROADS.
cost per ton of $1-8*5. a decrease in cost per ton of coal consumed of 9.8 cents, and an increase in tons consumed of
96,308 tons at an additional cost of $110,730.25.
This increase in tons purchased and tons consumed is accounted for by the additional engine equipment and
consequently increased engine mileage.
The total decrease in cost of coal consumedj based on tonnage and price per ton of 1885, represents a saving
to the companies of $78,135.72 In reduction of price of fuel.
The operations of the coal department of the Missouri Pacific Railway during the year show an increase of
203,794 tons of coal produced (24 per cent.), and would have exhibited a still larger increase if transportation facili-
ties could have been provided for carrying the product to market. This difficulty has been removed by the pur-
chase of the large number of new coal cars, already mentioned, for use during the coming year.
The purchase and development of new coal properties has received attention during the past year. At con-
venient points in the different States and the Indian Territory, reliable mines have been established and coal ter-
ritory acquired to meet the requirements of the system for fuel and provide commercial tonnage for transportation.
Twenty acres of coal lands in fee and mining rights on eighty-two acres have been added to the property of
the Lexington Coal Company siuce the date of the last report, which, with the other actual coal bearing lands of
that company, will yield a total of 2,000.000 tons of coal.
The new branch of the Missouri Pacific Railway, under construction from Lexington to Jefferson City, opens
a valuable coal territory, the development of which _has already been commenced by the opening of a new tunnel
mine one mile eas4 of Lexington, Mo., with a capacity of twenty cars per day.
The tonnage of coal produced by the Lexington Coal Mining Company in 1886 was 95,208 tons, an increase
of 6,977 tons.
Two hundred and twenty acres of new coal lands have been purchased by the Rich Hill Coal Mining Com-
pany during the past year, and additional coal deposits have been found on the company's property, making the
estimated productive capacity of the mines owned by this company 330,000 tons annually for the next five years.
The gross tonnage of coal produced by the Rich Hill Company during the year was 323,008 tons, being an in-
crease of 13,681 tons.
The property of the Western Coal and Mining Company comprises 5,364 acres of coal lands located in Barton
County, Missouri, and Cherokee and Crawford counties, Kansas, also an undivided one-half interest in 1,4'^3 acres
of coal lands in Barton County, Missouri, belonging to the Miuden Coal and Mining Company.
Two shafts have been opened upon this property with a daily capacity of 300 tons. Tonnage mined in 1886,
28,188 tons.
The operations of the Osage Coal and Mining Company include the working of three well equipped mines
with a daily capacity of 1,800 tons, at McAlester, in the Indian Territory. A large coal territory is accessible to
this company, m addition to its present property, which can be secured whenever desired by payment of the usual
royalties to the Indian Nation and individuals. Tonnage mined in 1886—258,188 tons, an increase of 147,329 tons
over the previous year. An excellent quality of coke is manufactured at these mines, the output of which, in
1886, amounted to 6,352 tons.
The mines of the Atoka Coal and Mining Company at Savanna and Lehigh, Indian Territory, produced an
output of 307,420 tons of coal in 1886, an increase of 8,618 tons. The depth of the mines at Savanna, 2,300 feet,
requires a long haul, and operations are impeded by exploi-iye eases. Their operation will, therefore, probably be
confined to a period of two years longer. The mine at Lehigh has a producive capacity of 600 tons per day, and
with the new mine (No. 5), which will be opened during the coming year, will afford a product of 1,000 tons
per day.
LAND DEPARTMENT.— The sales of lands in Missouri by the St. Louis, Iron Mountain and Southern Railway
Company aggregated 3,040 acres, at an average price of $3.33 per acre, leaving 110,615 acres unsold December 31,
1886, from original grants of 139,376 acres.
The sale* of lands in Arkansas amounted to 44,184 acres, at an average price of $2.88 per acre, leaving 886,157
acres unsold December 31, 1880, from original grants of 1,341,952 acres.
ADDENDA. — Since the clo.-e of the year 150 miles of the Denver, Memphis and Atlantic Railway, extending
from Chetopa to Seden, and Belle Plaine to Neola, Kansas, have been accepted at $10,000 per mile, to be paid in
Missouri Pacific 5 per cent, trust bonds.
Arrangements have been made for refunding the outstanding first mortgage bonds of the St. Louis, Fort
Scott and Wichita Railroad, amounting to $4,498,000, with Missouri Pacific 5 per cent, trust bonds, reducing the
interest charged on that line by an animal amount of $89,960,000; aiso for extending the $7,000,000 first mortgage
6 per cent, bonds of the Missouri Pacific Railway Company for fifty years, at 4 per cent, per annum, thereby
making an annual saving of $140,000. The saving on the above two issues amounts to $230,000 per annum, or
nearly the interest on $5,000,000 of 5 per cent, bonds. The company has no floating debt.
RAILKOADS OWNED OK LEASED BY MISSOURI PACIFIC RAILWAY Co.
BOONEVILLE, ST. LOUIS AND SOUTHERN RAILROAD.— Booneville, Mo., to Versailles,
Mo., 44 miles. Leased to the Missouri Pacific RR. Co. at an annual rental of $25,000. Capital stock— authorized,
$1,000,000 ; par, $125 per share ; subscribed $400.000 ; funded debt, $400,000. H. BUNCE, President ; J. M. Nel-
son, Vice-President ; Wm. Speed Stephens, Secretary and Treasurer, Booneville, Mo.
DENVER, MEMPHIS AND ATLANTIC RAILWAY.— Chetopa, Kan., to Cedarvale, 88 miles;
Belleplaine, Kan., to Turon, 76 miles— total, 164 miles. Gauge, 4 ft. 8i in. Rail (steel, 160 miles), 56 Ibs. Char-
tered in October, 1883, to build a narrow-gauge railroad from Uenver, Col., to Memphis, Tenn. Charter amended
in February, 1886, changing the gauge to the standard. Road completed as above in 1886. The road is controlled
by the Missouri Pacific Ry. Co. Capital stock authorized (par, $500 per share), $10,000,000. J. J. BT'KNS, Presi-
dent ; C. C. Black, Vice- President and Secretary, Winfield, Kan. ; John Donahue, Treasurer, Belleplaine, Kan.
LEROY AND CANEY VALLEY AIR-LINE RAILRO AD. -Leroy to Elgin, Kan., 67 miles.
Gauge, 4 ft. 8} in. Rail (steel), 56 Ibs. From Roper to Peru, 40 miles, WHS built in 1886 ; the rest of the road in
1887. The company was chartered June 22, 1885, and construction contracts were let in November of the same
year. A controlling interest is owned by the Missouri Pacific Ry. Co., and the road is operated by that company.
Capital stock ($1,000,000 authorized), $2^0,000 ; co^t of road, etc., $700.000; funded debt, 1st mortgage 5 per cent.
40-year $1,000 gold bonds, due January 1, 1926, interest payable January and July, $800,000— total slock and
bonds, $1,050,000. Bonds are guaranteed by the Missouri Pacific Ry. Co ; interest payable at the office of the
Mercantile Trust Co., New York, N. Y. T. J. HUDSON, President; M. D. Wright, Treasurer; L. C. Wait, Secre-
tary, Fredonia, Kan.
SEDALIA, WARSAW AND SOUTHERN RAILWAY.-Sedalia, Mo., to Warsaw, Mo., 42.25
miles. Sidings, 1.40 miles. Gauge, 3 ft. Rail, 40 Ibs. per yard. Chartered September 16, 1879 ; road opened
throughout on December 1, 1880. On August 1, 1881, it was purchased by the Missouri Pacific Ry. Co., and has
since been operated in connection with that company's Missouri Division. Locomotive engines, 2. Cars— pas-
senger, 1 ; freight (box, 8 ; stock, 10 ; platform, 19 ; coal, 4), 41 ; caboose, 1— total, 43. Operations for year end-
POOR'S MANUAL OF RAILROADS. 773
$1,610.81. Payments; Interest, $20,980 ; taxes, $2,188.08-total, $22,418.08. Balance, deficit, $20,H07.27. D«-fl<-it
Xio, « ' ' ?w><,<i».ao; curreni accoonu, $18,431 .»< ; u. S. Urc-eli-y, Trustee, 5.?',ixH); profit and IOM,
8108,168.88. Funded debt consists of 1st mortgage 80-year B per cent. $1,000 coupon U>nd*. dm- May 1. 11)10. in-
tercut payable May and November, at New York, N. Y. Annual meeting, flr*t Monday in June : books cldM- :w
days prior thereto. Trustees of bonds, Carlos S. Gre.-ley and .Inhn I). IV-nv, si. l.nui-. Mo. H.«.'Ntnir of .-n .< k.
J. H. Dowland, Sedalia, Mo. Officers.- JAY GOULD. President, New York, N. Y.; S. H. II. Clark, Vlce-l*r-
and Gentra, 'Manager ; D. S. H. Smith, Treasurer; George C. Smith, Secretary ; C. G. Wann-r, 0«Mral Auditor t
St. Louis, Mo.
Board of Directors Missouri Pacific Ry. Co., elected March 8, 1887.
Jay Gould New York, N. Y.
Russell Sage New York, N. Y.
George J. Gould. . .New York, N. Y.
H. G.Marquand.. .New York, N. Y.
George J. Forrest. New York, N. Y. I Sidney Dillon New York, N. Y.
Samuel Sloan New York, N. Y. Fred. L.Ames Ho^ton, Mas*.
A. L.Hopkins New York, N. Y. R.S.Hayes St. LouK Mo.
Thos. T. Eckert. . .New York, N. Y. I C. 8. Gr«;eley St. Louis, Mo.
S. H.H.Clark St. Louis, Mo.
JAY GOULD, President New York, N. Y.
George J. Gould, Acting President New York, N. Y.
S. H. H. Clark, 1st Vice-President and Gen. Manager St. Louis, Mo.
A. L. Hopkins, 2d Vice-President New York, N. Y.
Secretary arid Trea».—A. H. Calef . . . .New York. N. Y. I Local Treasurer— T> . S. H. Smith St. Louin, Mo.
General Supt.— A. W. Dickinson St. Louis, Mo. | Oentral Auditor— C. G. Warner St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
Transfer Office 195 Broadway, New York, N. Y.
PINE BLUFF, MONROE AND NEW ORLEANS RAILROAD COMPANY.
(PINE BLUFF AND SWAN LAKE DIVISION.)
Line of Road.— Rob Roy, Ark. , to English, Ark 30 miles.
Gauge, 3 ft. Rail (steel, 4 miles), 35 and 40 Ibs.
History.— Chartered June 11, 1884 ; road opened October 27, 1884. From Rob Roy to
Pine Bluff, 7.10 miles, the track of the Texas and St. Louis Ry. is used under a traffic ar-
rangement. The road is being graded from Rob Roy to Argento, 42 miles.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 2; freight (box, 11 ; stock,
2 ; platform, 27), 40 — total, 43. Of the above 1 passenger and 15 platform cars are leased.
Operations. — Not reported. Cost of road, $198,750; rolling stock, $10,290 — total,
$209,040.
Directors.— C. M. Neel, T. F. Burks, M. L. Bell, R. M. Neel, C. M. Neel, Jr., Pine
Bluff, Ark.
C. M. NEEL, President : Pine Bluff, Ark.
T. F. Burks, Vice-President Pine Bluff, Ark.
Sec. and Treasurer— C. M. Neel, Jr. . . Pine Bluff, Ark. | General Manager— J. R. Taylor Pine Bluff, Ark.
PRINCIPAL OFFICE AND ADDRESS Pine Bluff, Ark.
dTJINCY, MISSOURI AND PACIFIC RAILROAD.
Line of Road.— West Quincy, Mo., to Trenton, Mo 134 miles.
Trackage : H. & St. J. & C., B. & Q. RBs.: West Quincy, Mo., to Quincy, Mo. . . 2 miles.
Sidings, 7 miles. Gauge, 4 ft. 8£ in. Rail (steel, 10 miles), 56 and 60 Ibs.
History. — Organized Juue 24, 1869 ; road opened to Milan in May, 1879 ; to Trenton,
1881. Leased for 99 years from July 1, 1880, to W., St. L. & P. Ry. Co.; rental, 30 percent,
of earnings of $600,000 and more ; 25 per cent, of earnings less than $600,000 and not less
than $400,000 ; and 20 per cent, on earnings less than $400,000 a year. Interest on 1st mort-
gage bonds to be paid, and any deficiency to be made up by lessee. Default made in 1884.
Road surrendered to Theodore Oilman and ('. H. Bull, of Quincy, Mo., "trustees of the 1st
mortgage, August 1, 1885. Sold under foreclosure May 10, 1886, and now in hands of Pur-
chasing Committee of first mortgage bondholders.
Rolling Stock, December 31, 1886.— Locomotive engines, 5. Cars— passenger, 3 ; bag-
774 POOR'S MANUAL or RAILROADS.
gage, etc., 2 ; freight (box, 23; stock, 21 ; platform, 9 ; coal, 29 ; caboose, 3), 85 — total, 90.
Also 1 other car.
Operations for 6 months ending December 81, 1886. — Train mileage (passenger, 44,820;
freight, 52,740), 97,060. Traffic statistics not reported. Earnings— passenger, $31,099.18;
freight, $78,572.57; mail, express, etc., $7,938.49— total, $117,610.24. Expenses— transpor-
tation, $17,944.60; motive power, $8,496.17; maintenance of cars, $2,990.74 ; maintenance
of way, etc., $18,165.55; miscellaneous, $19,631.17— total, $67,228.23. Net earnings (42.83
p. c.), $50,382.01. Payments: Interest on debt, $15,000; extraordinary betterments, $15,-
534.13 ; taxes, $ll,602.39-4otal, $42,136.52. Balance, surplus. $8,245.49.
General Balance Sheet of Purchasing Committee, December 31, 1886. — Bills payable,
$12,201.77; due to foreign roads, $796.27; profit and loss, $8,245.49. Contra: Material,
etc., on baud, $683.72; current accounts, etc., $7,907.30; cash on hand, $12,652.51.
Purchasing Committee. — John Paton, Edwin Parsons, New York, N. Y.
General Affent—Amos Green Quincy, 111. | Supt. & O. Ft, Aqt.—Y. D. Schennerhorn . .Qnincy, 111.
Auditor— Jno. M. Savin Quincy, 111. | Road Master— J '. it. Kerr Kirksville, Mo.
Train Master- -Charles E. Soule Quincy, 111.
PRINCIPAL OFFICE AND ADDRESS Quincy, III.
RIO GRANDE RAILROAD COMPANY.
Line of Road. — Brownsville, Tex., to Point Ysabel, Tex 22.50 miles.
Sidines and other tracks, 0.57 mile. Gauge, 3 ft. 6 in. Rail, 35 Ibs.
History.— Chartered August 23, 1870 ; road opened July 4, 1872.
Rolling: Stock, — Locomotive engines, 3. Cars — passenger, 2 ; freight (box, 20 ; stock,
1 ; platform, 20), 41— total, 43.
Operations for year ending December 31, 1885. — Trains run (mixed), 20,270 miles.
Freight moved, 10,528 ; moved one mile, 236,880 tons. Earnings — passenger, $3,478.18 ;
freight, $69,720.30; mail, $993.52 ; other, $198.99— total, $74,390.99. Operating expenses,
$61,266.07. Net earnings, $13.124.92. Payments : Interest on bonds, $10,500. Surplus,
$2,624.92 ; surplus from last year, $17,288.53— total, $19,913.45.
Financial Statement, December 31, 1885.— Capital stock (authorized, $500,000), $255,-
200 ; funded debt, 1st mortgage 7 per cent. 10-year bonds, due July 1, 1882, interest January
and July (denomination, $1,000), $150,000 ; 2d mortgage 5 per cent. 10-year bonds, due, Janu-
ary 1, 1893, $50,000 ; profit and loss, $23,772.92— total, $478,972.92. Contra : Construction,
$347,565 ; rolling stock, $37,972 ; steam and sail lighters, $29,245 ; real estate, $10,003 ;
lands, $7,542 ; cash and accounts, $19,913.45 ; amount due company now in litigation, $26,-
731.97.
Interest on second mortgage bonds is payable annually after 5 years from date of mort-
gage. Interest payable at Brownsville, Texas. Trustees of first mortgage bonds, F. San
Roman and Simon Celaya.
Directors (elected May 22, 1885).— F. San Roman, Simon Celaya. Alex. Werbiski, Wil-
liam Kelley, James B. Wells, Louis Vizcaya, Manuel Perez, Brownsville, Tex.
ALEX. WERBISKT, President Brownsville, Tex.
Secretary and Treas.—Wm. A. Vails . . Brownsville, Tex. [ Gen. Manager— Simon Celaya Brownsville, Tex.
PRINCIPAL OFFICE AND ADDRESS Brownsville, Tex.
RIO GRANDE AND EAGLE PASS RAILWAY COMPANY. (In Progress.)
Line of Road.— Laredo, Tex., to Santa Tomas, Tex 27.00 miles.
History. — Organized under the name of the Rio Grande and Pecos Ry. Co. February 27,
1882 ; road opened to Santa Tomas early in 1883. Placed in the hands- of a receiver in May,
1884. Sold under foreclosure December 17, 1884, and purchased by bondholders, who or-
ganized the present company. The road is intended to run from Laredo to Eagle Pass, 135
miles.
POOR'S MANUAL OP RAILROADS. 775
The old company had outstanding $500,000 ($20.000 per mile) 1st mortgage 6 per cent.
30-year gold $1,000 bonds, interest January and July at Mercantile Trust Co., New York.
The company has a State land grant of 10,240 acres per mile. No information has been ob-
tained from the present company.
Directors.— C. B. Wright, Jr., Jamea Haynes, W. H. Mowry, H. C. Smith, Albert L.
McLane.
C. B. WRIGHT, JR., President Philadelphia, Pa.
Secretary— E. A. Atlee Laredo, Tex. | Treasurer— Vf . G. Clark . . . . .Philadelphia, Pa.
Superintendent— V! . L. Giddeng Laredo, Tex.
PRINCIPAL OFFICE AND ADDRESS Laredo, Tex.
SAN ANTONIO AND ARANSAS PASS RAILWAY COMPANY.
Main Line of Road. — Aransas Pass, Tex. , to Boerne, Tex 182 miles.
Corpus Christi Branch : Gregory to Corpus ChrLsti, Tex 11 miles.
Waco Branch : Kenedy Junction to Cuero, Tex 43 miles!
Total length of road completed and in operation June 1, 1887 236 miles
Sidings, 20.3 miles. Gauge, 4 ft. 8$ in. Rail (steel), 60 Ibs.
History.— Chartered August 28, 1884, with a capital of $1,000,000, to build a railroad
from San Antonio, Tex., to Aransas Bay, 150 miles. Company reorganized in March, 1885.
Tracklaying commenced August 20, 1885, and road completed from San Antonio to Beeville,
98 miles, in April, 1886. Charter amended March 29, 1886, increasing the capital to $5,000,-
000 and authorizing an extension of the road from San Antonio northwesterly to the State
line, with branches to Waco, to a connection with the Texas-Mexican road, and to Corpus
Christi, a total new mileage of about 865 miles, bringing the total mileage of road projected
up to 1,015 miles. The work of completing the main line and of building the extensions
was at once entered upon, and by June 1, 1887, 236 miles of road were in operation as above.
In addition, an extension from Cuero to a connection with the Gulf, Colorado and Santa Fe
road, about 87 miles, and one from Boerne northwest to Kerrville, 40 miles, were nearly
completed.
Rolling Stock, March 1, 1887. — Locomotive engines, 15. Cars — passenger, 9 ; combina-
tion, 2 ; freight (box, 20 ; stock, 75), 95 ; caboose, 2 ; other, 107 — total cars, 215.
Operations for 13 months ending March 1, 1887 (average, 78 miles). — Gross earnings,
$205,183.31; operating expenses, $88,215.74 ; net earnings, $116,976.57. Payments: Interest
on operated lines, 1886, $40,675 ; interest account for January and February, $15,460 — total,
$56,135. Surplus, $60,832.57.
Financial Statement, March 1, 1887.— Capital stock (par, $100 per share), $2,617,200 ;
funded debt, $2,806,000 ; bills payable, $896,941 ; surplus earnings, $60,832.57— total, $6,-
380,973.57. Contra : Cost of road and equipment, $6,347,290.92; real estate, $26,941 ; cash,
$6,741.65— total, $6,380,973.57.
Funded debt consists of $1,750,000 first mortgage 6 percent. 30-year gold $1,000 bonds,
due January 1, 1916, interest payable January and July, and $1,056,000 first mortgage 6 per
cent. 40-year $1,000 gold bonds, due July 1, 1926, interest payable January and July.
The bonds of 1916 are secured on the main line from San Antonio to Aransas Bay, 150
miles ; the others are part of an issue of $10,000,000 authorized to be issued on the 865 miles
of new extensions and branches, and are only issued for new road at the rate of $12,000 per
mile of main track. The bonds are listed on the New York Stock Exchange. Trustee :
Farmers' Loan and Trust Co., New York.
Directors. — U. Lott, Charles Heureman, George W. Brack enridge, A. Belknap, A. C.
Schryver, B. F. Yoakuin, W. H. Maverick, H. Elmendorf, San Antonio, Texas; E. P. Swenson,
New York, N. Y.
U. LOTT, President and General Manager San Antonio, Tex.
Vice-President— E. P. Swenson New York, N. Y. | Secretary and Treat.- B. F. Yoakum.San Antonio, Tex.
PRINCIPAL OFFICE AND ADDRESS San Antonio, Tex.
Financial Agents S. M. Sweuson & Sons, 216 Broadway, New York, N. Y.
776 POOE'S MANUAL OF RAILROADS.
SOUTHWESTERN, ARKANSAS AND INDIAN TERRITORY RAILWAY CO.
Line of Road (as projected). — Warren, Ark., to Indian Territory Line 150 miles.
Gauge, 3 ft. Rail (steel, 14.58 miles), 40 Ibs.
History.— Chartered June 15, 1884 ; construction begun December 1, 1884. Opened from
Okolona to Smithton, 15 miles, September 28, 1885. An additional section of 10 miles,
Smithton to Forrest, is now (July, 1887) under construction, to be completed and opened early
in November, 1887. This new line is being laid with 56 Ib. steel rails.
Rolling Stock. — Locomotive engine, 1. Tars — passenger, 1 ; freight, 6 — total, 7.
Financial Statement, July 15, 1887. — Capital stock authorized, $1,400,000. Cost of road
and equipment, $232,386.28. Estimated cost of entire line, $1,400,000.
Directors. — J. J. Young, W. P. Ross, Okolona, Ark. ; S. C. Martin, Little Rock, Ark. ;
C. E. Neely, J. A. Smith, Smithton, Ark.
J. A. SMITH, President and Treasurer Smithton, Ark.
C. E. Neely, Secretary Smithton, Ark.
PRINCIPAL OFFICE AND ADDRESS Smithton, Ark.
ST. JOE RAILWAY.
Line of Road. — Bonne Terre, Mo., to Summit, Mo 13 miles.
Sidings, 2 miles. Gauge, 3 ft. Rail (steel, 3 miles), 40 Ibs.
History. — Opened January 1, 1880. This is not an incorporated company, and does not
do business as a corporation. The road is owned and operated by the St. Joe Lead Co., by
which it was built. There is no bonded or other debt upon it. It has no officers, but is
operated by a superintendent appointed by the above company. Real estate and buildings,
$5,000. Cost of road and rolling stock, $150,000.
Rolling Stock. — Locomotive engines, 5. Cars — passenger, 1 ; baggage, etc., 1 ; freight
(box, 4 ; platform, 20 ; coal, 31), 55— total, 57.
GEO. A. PIERCE, Acting Superintendent Bonne Terre, Mo.
PRINCIPAL OFFICE AND ADDRESS Bonne Terre, Mo.
ST. JOSEPH AND GRAND ISLAND RAILROAD COMPANY.
Line of Road, — St. Joseph, Mo., to Grand Island, Neb 251. 7 miles.
Sidings, about 18.66 miles. Gauge, 4 ft. 8£ in. Rail (steel, 251.7 miles), 54 and 60 Ibs.
History. — On the llth of June, 1885, the St. Joseph and Western Railroad was sold
under foreclosure, the tale of the Hastings and Grand Island following on the 19th of the
same month, both lines being purchased by a committee of the bondholders. The St.
Joseph and Marysville RR. Co., and the Grand Island and Marysville RR. Co., two new
corporations, were organized in the States of Kansas and Nebraska, and consolidated under
the present title. The property of the new company includes the St. Joseph Bridge Build-
ing Company's Bridge at St. Joseph and the entire line between St. Joseph, Mo., and Grand
Island, Neb. The new company issued $4,600,000 stock, $7,000,000 first mortgage bonds
and $1,680,000 income bonds. The first mortgage bonds were issued in exchange for the
old divisional bonds and back coupons and for improvements, the income bonds in exchange
for the second mortgage bonds at 70 per cent., and the stock in exchange share for share
for the stocks of the railroad and bridge companies. (See MANUAL for 1886 for full histor-
ical statement.)
Rolling Stock. — Locomotives, 26. Cars— passenger, 11 ; baggage, mail and express, 6;
freight (box, 460 ; stock, 100 ; platform, 50 ; coal, 42), 652— total, 669. Also 1 officers' and
13 way cars.
Operations for year ending December 81, 1886.— Train mileage— passenger, 306,607 ;
POOR'S MANUAL OF RAILBOADS. 777
freight, 376,226 ; other, 57,119— total, 730,952 miles. Pasaengern carried, 234.727 ; carried
one mile, 8,007,775 ; average mile rate, 2.75 cents. Tons of freight moved, 399,075 ; moved
one mile, 46,730,690 ; average ton-mile rate, 1.01 cents.
Earnings.— Passenger 8221,018 27
Freight 876,89225
Mail 17,568 22
Express 21,900 00
Miscellaneous 82,661 12
Total ($4, 646.11 per mile) $1,169,424 86
Expense*.— Transportation $904.486 06
Motive Power 161,213 50
Maintenance of Cars 26,285 06
Maintenance Way and Buildings 187,992 46
General and Taxes 82,585 77
Total ($2,631.95 per mile) $062,462 85
Net earnings (43.35 per cent.), $506,962.01 ; other receipts, $11,134.18— available reve-
nue, $518,096.19. Payments: Interest on bonds, $504,000; other payments, $4.924.58— total,
$508,924.58. Balance, surplus, $9,171.61. Deficit from last year, $5,828.42— net surplus,
$3,343.19.
, General Balance Sheet, December 31, 1886.
Cost of Road and Equipment $13,188,841 26
Kansas City & Omaha RR. Co. Construct 229,287 77
Trustees' Equipm't and Improvem't F'd . . 95,322 10
Cash and Accounts 236,20048
Total Assets $13,749,651 61
Capital Stock $4,600,000 00
FundedDebt 8,717,186 43
Current Accounts 429,121 99
ProfltandLoss 3,343 19
Total Liabilities $13,749,651 61
Funded debt consists of $6,961,912.22 1st mortgage 6 per cent. 40-year $1,000 gold coupon
bonds, dated July 1, 1885, interest guaranteed by the Union Pacific Ry. Co., payable May and
November ; $1,679,450 3d mortgage income $1,000 40-year bonds, due July 1, 1912, interest
not to exceed 5 per cent., payable January and July. Included in the amount of first mort-
gage bonds above are $15,344.20 certificates for same, and in income bonds, $22,280 income
bond certificates.
Annual meeting, second Tuesday in June ; books close thirty days prior thereto. Trus-
tees of bonds : 1st mortgage, Central Trust Co., New York, N. Y. ; of second mortgage,
James H. Benedict, Charles F. Adams, and Isaac H. Bromley. Registrar of stock, Central
Trust Co., New York. Stock and bonds listed on the New York Stock Exchange.
Directors (elected June 14, 1887). — Charles F. Adams, Elisha Atkins, Fred. L. Ames,
Boston, Mass.; John P. Usher, H. P. Dillon, A. L. Williams, Kansas ; Sidney Dillon, Elias
Asiel, W. M. Strauss, F. K. Pendleton, E. C. Benedict, James H. Benedict, New York.N. Y.;
Gardiner M. Lane, Boston, Mass.
CHARLES F. ADAMS, Chairman of the Board Boston, Mass.
JAMES H. BENEDICT, President New York, N. Y.
Vice-President— Sidney Dillon New York, N. Y. I Secretary— Alexander Millar Boston, Mass.
Treasurer— Henry McFarland Boston, Mass. | General Manager— -D. McCool St. Joseph, Mo.
Auditor— C. F. Smith St. Joseph, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Joseph, Mo.
Transfer Office. . . New York, N. Y.
ST. JOSEPH AND ST. LOUIS RAILKOAD COMPANY.
Line of Road. — North Lexington, Mo. , to St. Joseph, Mo 76.30 miles.
Sidings, 7.54 miles. Gauge, 4 ft. 8i in. Rail (steel, 48 miles), 56 and 60 Ibs.
History. Organized as St. Louis and St. Joseph RR. Co., August 10, 1868, and road
opened in July, 1870. Leased to North Missouri RR. Co. from completion. Sold under fore-
closure February 18, 1874, and reorganized under present title March 19, 1874. Leased for
99 years from July 1, 1874, to the St. Louis, Kansas City and Northern Ry. Co., and lease
assumed by the Wabash, St. Louis and Pacific Ry. Co. Rental, 30 per cent, of gross earn-
ings, a minimum of $25,000 a year being guaranteed. Road surrendered to corporate owners ;
company reorganized in April, 1886, and took possession of road July 1, 1886.
Boiling Stock, December 31, 1886.— Locomotives, 8. Cars— passenger, 4 ; baggage, etc.,
1; freight, 176— total, 181. Also, 6 other cars.
778 POOR'S MANUAL OF RAILROADS.
Operations for 6 months ending December 31, 1886. — Train mileage, etc., not reported.
Earnings, $125,411.36. Expenses, interest and taxes, $103,888.18. Surplus, $22,023.18.
Financial Statement, December 81, 1886.— Capital stock, $1,000,000; funded debt,
$225,000 six per cent. 1st mortgage bonds, due 1916, interest February, May, August and
November. Contra : Cost of road and equipment, $2,000,000 ; stocks and bonds, $125,000.
Annual meeting, 2d Tuesday in March. Trustee of bonds, Boston Safe Deposit and Trust Co.
Directors.— Winslow Judson, W. D. B. Motter, S. A. Walker, H. R. W. Hartwig, J. S.
Brittain, E. L. Marney, A. N. Schuster, St. Joseph, Mo.
WINSLOW JUDSOX, President St. Joseph, Mo.
W. D. B. Motter, Vice-President St. Joseph, Mo.
Treas. and Secretary— S. A. Walker.... St. Joseph, Mo. | Supt.Chf.Eng.&Pur.Afft.—W.P.Uame. St. Joseph, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Joseph, Mo.
ST. LOTJIS AND HANNIBAL RAILROAD COMPANY.
Line of Road. — St. Louis Junction, Mo., to Gilmore (on the W., St. L. &P.). .81.75 miles.
Sidings, 5 miles. Gauge, 4 ft. 8£ in. Rail (steel, 6.13 miles), 50 and 56 Ibs.
History. — Chartered June 3, 1872. Opened to Gilmore early in 1882. Trains began run-
ning through to St. Louis June 7, 1882. On February 7, 1884, this road was placed in the
hands of a receiver pending the result of a suit for foreclosure begun by the trustee of the
first mortgage. Subsequently the receiver was empowered to issue $300,000 7 per cent, re-
ceiver's certificates to pay off taxes, etc. The track of the Missouri Pacific Ry. is used be-
tween St. Louis Junction and Hannibal, 2.5 miles, making the total length of road operated
84.25 miles.
Rolling1 Stock. — Locomotive engines, 6. Cars — passenger, 4 ; baggage, etc., 1 ; freight
(box, 74 ; stock, 25 ; platform, 29), 128 — total, 133 ; also 2 caboose cars.
Operations for year ending December 31, 1885. — Train mileage not reported. Passengers
carried, 50,114 ; carried one mile, 1,219,524. Tons freight moved, 56,554 ; moved one mile,
2,324,245. Earnings— passenger, $29,791.25 ; freight, $67,279.15 ; other sources, $9,898.28—
total, $106,968.68. Operating expenses, $216,049.27. Deficit, $109,080.59.
Financial Statement, December 31, 1885. — Capital stock, $370,000 ; funded debt, first
mortgage 7 per cent. 50-year bonds, due 1936, interest January and July, $370,000 — total,
representing cost of road, etc., $740,000.
Directors. — John I. Blair, Blairstown, N. J.; D. C. Blair, Belvidere, N. J. ; W. C. Larned,
Chicago, 111.; S. S. Palmer, Percy R. Pyne, New York, N. Y.
JOHN I. BLAIR, President , Blairstown, N. J.
W. C. Larned, Vice-President Chicago, 111.
Secretary and Treas.— S. S. Palmer. . .New York, N. Y. | General Manayer—E. C. Case Hanniljal, Mo.
PRINCIPAL OFFICE AND ADDRESS Hannibal, Mo.
ST. LOUIS AND SAN FRANCISCO RAILWAY COMPANY.
Main Line of Road. — St. Louis, Mo., to Seneca, Mo 326.28 miles.
Kansas Division : Pierce City, Mo., to Wichita, Kan 217.40 miles.
Arkansas Division : Plymouth, Mo. , to Fort Smith, Ark 133.27 miles.
White River Branch : Springfield, Mo., to Chadwick 34.86 miles.
Bolivar Branch : Springfield, Mo., to Bolivar, Mo 38.79 miles.
(Girard, Kan., to Galena, Kan 49.06 miles.
Branches : < Oronogo, Mo., to Joplin, Mo 9.32 miles.
( Carbon, 3.25 ; Granby, 1.50 4.75 miles.
Y •, j Kansas City and Southwestern RR 61.86 miles.
' j St. Louis, Salem and Little Rock RR. and Branches 54.00 miles.
Operated : Atlantic and Pacific RR.: Seneca, Mo., to Sapulpa, Ind. Terr 111.77 miles.
Total length of lines owned, leased and operated, December 31, 1886 1,041.36 miles.
Sidings (owned, 113.92 m.; leased, 14.60m.), 129.52 miles. Gauge, 4 ft. 8i in. Rail (steel,
782.18 m.), 52, 56, and 67 Ibs.
POOR'S MANUAL— ST. LOUIS AND SAN FRANCISCO RT. CO.
779
History.— The St. Louis and San Francisco Ry. Co. purchased the property of the Atlan-
tic and Pacific RR. Co., sold under foreclosure September 8, 1870. The A. & P. was char-
tered July 27, 1866, and in 1870 purchased the southwest branch of the Pacific RR. of Mis-
souri, and completed it to Red Fork, Ind. Ter., and beyond. See MANUAL for 1885, page
802.
Included in the above mileage is the Ontral Division of the Atlantic and Pacific RR.
from Seneca, Mo., to Sapulpa, Intl. Ter., 111.77 miles, which is operated by this company.
It also uses the tracks of the Atchlson, Topeka and Santa Fe, from Wichita to Halstead,
Kan., 24.87 miles. Total length of lines operated by the company, December 31, 1886, 1,066.-
23 miles. The Wichita and Western RR., completed during 1884, is owned jointly by this
company and the Atchison, Topeka and Santa Fe RR. Co.
This company is equally interested with the Atchison, Topeka and Santa F<5 Rai'road
Company in the Atlantic and Pacific Railroad Company. See statement for the Atchison
Topeka and Santa Fe RR. Co.
A bridge across the Arkansas River at Van Buren has been built by the Fort Smith and
Van Buren Bridge Co., the capital stock of which is owned or controlled by this company.
First mortgage 6 per cent, bonds, due April 1, 1910, and guaranteed by this company, have
been issued on the bridge to the amount of $475,000.
The company has increased its mileage 62 miles, by a lease for 98 years from January
1, 1886, of the Kansas City and Southwestern Railroad.
Boiling Stock, December 81, 1886. — Locomotive engines, 117. Cars — passenger, 39, and
•£ interest in 5 Pullman sleeping; chair, 3; combination, 14; baggage, 20; express, 3 ; postal,
6 ; caboose; 52 ; freight (box, 1,888 ; gondola, 1,281 ; flat, 26 ; stock, 666 ; mining, 60), 3,921.
Total revenue cars, 4,060^. Service cars — directors, 1 ; dining, 2 ; pay, 1 ; boarding, 4 ;
tank, 2 ; wrecking, 2. Total cars, 3,737|. During the year there were added to the equip-
ment 12 locomotives, 1 passenger and baggage, 1 passenger and mail, 2 baggage, 1 express,
3 chair, 1 dining, 2 (| interest) Pullman sleepers, 12 cabooses, 150 box, 201 gondola, 7 flat
and 60 short mining cars.
Operations for year ending December 31, 1886. — Train mileage — passenger, 1,102,570;
freight, 2,092,947 — 3,195,517 miles. Total engine service, 3,239,316 miles. Passengers car-
ried (east, 313,295 ; west, 323,595), 636,890 ; carried one mile (east, (17,589,105 ; west, 20,-
318,110), 37,907,215; average rate per mile, 2.63 cents. Tons of freight moved (east, 466,852;
west, 718,710), 1,185,562 ; moved one mile (east, 91,088,648 ; west, 155,290,979), 217,670,263 '>
average rate per mile, 1.43 cents.
Earnings.— Passenger $997,288 07
Freight 3,517,578 38
Mail 100,694 26
Express 103,274 73
Miscellaneous 155,79236
Total (85,554.50 per mile) $4,874,627 80 Total ($2,334.81 per mile) $2,049,032 85
Net earnings (57.97.per cent.), $2,825,594.95.
Income Account, December 31, '1886.
Earnings $4,874,627 80 Interest, Sinking Funds, Rentals, etc $1,950,323 84
Expenses $2,049,032 85 Dividends Nos. 12 and 18 on 1st Pref . Stock. 815,000 00
Improvements 55,991 22 Interest accrued, but not due on bonds to
Taxes 117,272 15— 2,222,296 22— $2,652,331 58 December 81, 1888 $180,844 33
Other Income. 159,61967 Less, accrued prior to Jan. 1, 1886 174,87016— 5.97417
Balance, December 31, 1886 540,653 74
Expenses.— Maintenance of Way $478,631 08
Maintenance of Cars 137,496 58
Motive Power 589,131 17
Transportation 713,085 14
General. . . . 130,688 88
Total $2,811,951 25 Total $2,811,951 25
The St. L. & S. F. Ry. Co. has also, under leases, guaranteed payment of principal and
interest of bonds as follows: Fort Smith and Van Buren Bridge Co., 1st mortgage 6's, $475,-
000 ; Kansas City and Southwestern RR. Co. 1st mortgage 6's, $744,000 ; St. Louis, Kansas
and Southwestern RR. Co. 1st mortgage 6's, $735,000, making the total bonded indebtedness
for which this company is responsible, $27,806,000.
780
POOR'S MANUAL — ST. LOUIS AND SAN FEANCISCO RY. CO.
Statement showing the bonded debt of the St. Louis and San Francisco Ry. Co., and that
for which it is liable, December 81, 1886 :
BONDS, KNOWN AS :
Amount
Out-
standing.
SECURITIES, ETC.
Due.
INTEEKST.
REMARKS.
Bate.
Gold.
6p.c.
6 p. C.
6 p. c.
6 p. c.
Due.
J. A J.
South Pacific RE. Co. .
(Assumed by St. L.
AS. P. Co.)
St. L. & S. F. Co. :
" A " Bonds
" B " Bonds
" C " Bonds
St. L. A San F. Co
(Known as Ho. and
Western.)
St. L , W. & W. By. Co.
(Guaranteed by St L.
AS. F. Co.)
St L. A San F. Oo
(Equipment Trust.)
St. L. A San F. Co....
(Trust.)
•St. L. A San F. Co. ...
(General Mortgage.)
St. L ASanF.Co
(Equipment Trust.)
TotaL
$7,141,600
600,000
2 766.600
2,400,000
1,090,000
2,000,000
651,000
1,246,000
7,782,000
349,000
1st lien, Pacific to Seneca, Mo., 293
miles, and lands under South Pacific
grant.
July,
1868.
Total amount authorized, $7,250,000.
Can' (.-lied, $105,600.
2<1 Hen on above road and lands, and
1st lien on lands in Missouri under
A. and P. grant. The " B " bonds
have priority of Hen on A. A P. lands.
Nov.,
19(16.
MAN
M. AN
M. A N.
Total amount authorized, $5.700,000.
Cancelled, $33,500 •• B " bonds.
1st lien, Pierce City, Mo., to Oswego,
Kan , and br'ch, Oronogo to Joplin
Mo. (formerly Mo A West., in all 48
miles.
Aug.,
1918.
6 p.O.
F. A A.
M. A S.
Total amount authorized, $1,100,000.
Cancelled, $10,000.
>5,ooo per annum, commencing In 1 884,
to be purchased or drawn at 105 and
Interest.
1st lien, Oswego to Wichita, Kan., 146
miles).
Sept.,
1919.
6 p. C.
Surplus rental over Infres', to be In-
vested in purchase of bonds, or to be
drawn at 10) and Interest
1st lien on rolling stock bought with
proceeds of these bonds ; issued at
90 p. c of cost of rolling stock. Au-
thorized. $i.0"0,oo). Cancelled, $349,-
000. Not to he Issued, $1,000.
June
1896.
7 p. C.
J. A D.
Sinking Fund not less than $8^,000 per
annum, to be invested eacn hall
year, in June and Dec., in purchase
of bonds. It not purchased, to be
drawn at 106 and interest.
Secured by deposit in trust with U. S.
Trust Co., M. Y., of $1.400,000 1st
mt«e.,7 per cent, bonds, on roads,
Plymouth, Mo., to Fayetterille. Ark.,
70 miles and Glrard, Kan., to Carl
Junction, Mo.. 80 miles.
Original issue $1,400,000. Trust bonds
cancelled, $164,000.
Aug..
1920.
6 p. C.
F. A A.
Difference in interest (1 per cent, per
annum) between "Trust'1 6s and 1st
mt-e col ateral 7s, forms sinking
fund for purchase at 105. of " Trust "
bonds. The " Trust " bonds cannot
be drawn for payment. Balance of
cash in sinking fund, $ 4 845.
1st Hen on 179.88 miles of new lino
and equipment thereon, also real
estate In St. Louis, for which the
bonds outstanding were used. See
below.
July,
1930.
6 p. C.
J. A J.
Cannot be drawn for payment before
maturity.
Trust pledges additional equipment
purchased by maans of these bonds
and is a first lien thereon. Author-
ized, U8 per cent, of cost of rolling
stock. Authorized Issue, $464,000".
Retired and cancelled, $116,000.
6 p. C
A. A 0.
Mature In series of $28,000 each, except
last which will be $87,000 on the 1st
of each April and October, in desig-
nated classes of 6 per cent each.
t $26,870,000
les ; the White River Branch, 84 6 miles ; and the Bol'var Branch, 38.88 miles.
t Amount as per General Balance Sheet, December 31, 1886, $25 879,000. Deduct amounts cancelled since the close of the fiscal
st bonds of 1880, $22,000; general mortgage 6's $5,000— total, $27,OOJ, leaving net bonded indebtedness of $26,85^,000.
General Balance Sheet, December 31, 1886.
CapitalStock $30,000,000 00
1st Preferred $4,500,000
Preferred 10,000,000
Common 15,500,000
Funded Debt * 25,879,000 00
Current Accounts 3,140,367 33
Due Railroads and Others 752,323 71
Dividends and Interest 828,901 83
Scrip Bonds " B " and " C " 1,13000
Income Accounts 3,107,225 54
Franchises and Property $51,078,054 47
Materials and Supplies 83,152 15
Sundry Bills Receivable 53,334 33
Cash on Hand 213,600 85
Capital Stock in Treasury 3,899,055 00
Dues and Cash Assets 215,243 34
Bonds "A," less scrip outstanding 193 16
Stocks and Bonds of Other Companies. . . 2,034,225 14
Cnrrent Accounts 3,984,666 72
Construction Accounts 2,020,221 62
Dividends and Interest 30,081 56
Land Department— Bills Receivable 97,020 06
TotalAssets $63,708,848 40 Total Liabilities $63,708,848 40
* See " Note " following statement of bonded debt.
The first preferred stock has preference for dividends up to 7 per cent, per annum, after
•which the preferred has preference up to same rate ; then the common is entitled to divi-
dends up to 7 per cent, per annum. When the three classes of stock shall have received divi-
dends at the uniform rate of 7 per cent, per annum, all classes are to share equally, pro
rata, in any excess of surplus earnings more than sufficient to pay dividends at the rates
POOR'S MANUAL— ST. LOUIS AND SAN FRANCISCO RY. CO. 781
named. The first dividend, 8* percent., was paid in February, 1881, since when regular
semi-annual dividends at the same rate have been paid, making 42 per cent, iu all to the close
of 1886.
Besides stock of the Atlantic and Pacific RR. Co., this company owns .$1,229,000 of At-
lantic and Pacific new guaranteed trust 4 per cent, gold bonds, and $1,150,000 of its income
bonds, of which amounts large proportions were received in adjustment of accounts with
that company under triple agreement of October 5, 1886.
Land Department.— The grant of 1852 to the South Pacific was 1,161,244.47 acres, of
•which 137,224.93 acres remain unsold; grant of 1866 to Atlantic and Pacific, 506,81 6. 33 acres,
of which 1,531.29 acres are unsold— a total of 138,756.22 acres on hand December 31, 1886.
There were sold during the year from both grants, 9,391.35 acres for $24,082.32, an average
of $2.57 per acre. Also 67 town lots for $4,990. Acres cancelled, 3,137.50, valued at $7,-
676.25. Receipts : Sales, $11,168.15; outstanding contracts, $110,905.14 ; royalties, $10,-
020.63; miscellaneous, $6,124.09 ; balance from last year, $147,459.11— total, $285,677.12.
Disbursements : Remittances, $134,078.41 ; taxes, $6,904.80 ; old claims, $8,746.68 ; miscel-
laneous, $20,356.70 ; balance, December 31, 1886, $120,590.53.
Stock, general mortgage bonds ($7,739,000), South Pacific bonds, equipment bonds, and
" A," "B" and "C" 2d mortgage, and Missouri and Western bonds listed on New York
Stock Exchange. Stock also listed iu London and in Amsterdam. Some issues of bonds
also listed abroad. Annual meeting second Wednesday in May ; books close for annual meet-
ing thirty days prior thereto, and remain closed thirty days ; books close for dividends two
weeks prior to payment of same, and remain closed two weeks.
NEW LINES AND EXTENSIONS.
I. The most important undertaking of the company in the extension of its system has been the building of a
railroad from Fort Smith, Arkansas, southwesterly through the Indian Territory to Paris, Texas, a distance of
about 169 miles. Construction in the Territory was authorized by Act of Congress.
The road was begun in June of last year, and will be completed and in operation by June of this year. The
construction is of thorough and substantial character. The estimated cost, without equipment, was about $3,-
750,000, and it is believed that this limit wijl not be exceeded by the actual outlay. New cars and engines have
been purchased with special reference to this extension, although intended for use also on other roads operated
by the company. Means with which to build this line, and buy additional equipment, have been provided oy pro-
ceeds of the company's general mortgage 5 per cent, bonds.
This extension to Texas ha? been long contemplated and earnestly desired ; but for various reasons com-
mencement of the work has been from time to time postponed. Now that the completion of the undertaking is
assured, good results may confidently be expected to follow. From Fort Smith southwardly the line runs for
many miles over very extensive and valuable coal lands. The coal traffic to points in Texas and elsewhere prom-
ises to be large. At Paris the new road will connect with the Texas and Pacific Railroad and with the Gulf,
Colorado and Santa Fe Railroad. By building about 70 miles to Roberts,- Texas, a connection may be made with
the Houston and Texas Central Railroad system.
During the year extensions and branch roads have been located and are well advanced toward completion, as
follows : Fort Smith, Arkansas, to Paris, Texas, 169.11 miles ; Fayetteville, Arkansas, to Powell, Arkansas, 25.61
miles ; Pittsburg, Kansas, to Weir City. Kansas, 8.81 miles ; IlacUett Branch in Arkansas, 2.42 miles— total, 205.-
95 miles ; all of which will be completed and ready for operation by June 1st, next.
The line from Fort Smith, Arkansas, to Paris, Texas, covers the following distances : Fort Smith and South-
ern (in Arkan-as), 8.66 miles ; St. Louis and San Francisco (in Ind. Ter.), 144.35 miles ; Paris and Great Northern
(in Texas), 16.10 miles— total, 109.11 miles.
This line begins at Fort Smith, running in a southerly direction in Sebastian County, Ark., 5.82 miles ; then in
Indian Territory, near boundary line, for 3. 38 miles ; then back in Sebastian County, Ark., forsJ. 67 miles; then back
in Indian Territory for 1.81 miles ; then again in Arkansas for 0.17 mile; then re-enters the Territory and con-
tinues therein to the south bank of Ked River, a distance of 139.16 miles. With the exception of three miles of
the distance, very favorable grades and alignment were secured. 77 per cent, of entire length beinir tan-rent and
from level to 53 feet grade ; 2) per cent, varies from 1 to 8 degrees curvature and 58 feet grade, and nearly 2 per
cent, has a temporary grade of 116 feet per mile. The latter can be reduced when necessary to 58 feet, at a cost
not exceeding $250,0^0.
One mnnel, 1,187 feet long, was required, and i* completed.
Ample terminal grounds have been secured at Fort Smith, Talihina and Paris.
The Fayetteville and Weir City branches were completed and ready for business March 15th, 1887.
The Hackett (or Jenson) Branch will, and as extended, give access to the large and very valuable coal de-
posits in the southern and southeastern part of Sebastian County, Ark.
In addition to the new lines before mentioned, a road has been under construction from Cale Junction, near
Arkansas City, Kansas, to Bluff City, Kansas, 48.81 miles, which will be completed during March, and will come
under control of this company by lease.
The WTichita and Western Railway has been extended during the year from Kmgman, Kansas, to Culhson,
Pratt County, Kansas, 44.26 miles.
Midlari
of the !
Union Pacific Railway at Ells , . . .
which the San Francisco company is to operate under lease for ninety-seven yearn from the time of completion.
The Kansas Midland Railway Company is to iesue its first mortgage 50-year 4 per cent, bond.-*, at the rate of $15,-
000 per mile and is to issue at the rate of $10,000 per mile its six per cent, non-cumulative income bonds, due in
ninetv-seven years but redeemable after forty years. The San Francisco company is to receive, for use in pur-
chase of equipment and in making improvements, including additions, first mortgage bonds at the rate of §5,000
782 POOR'S MANUAL OF RAILROADS.
per mile, and is also to receive one-half of all the income bonds and three-fourths of all the capital stock. The
rent payable under the lease is to be twenty per cent, of the gross earnings of the property, and an additional rent
of one per cent, of the earnings for every $100,000 in amount of the first mortgage bonds received and used by
the San Francisco company for equipment or improvements, provision being made for a minimum rent equal to
the interest of the first mortgiige bonds issued for the construction of each division operated, and of those issued
and used by us for equipment or improvement of the railroad.
'• It was thought best to organize a new corporation in Kansas for completing the Wichita and Western Rail-
road from Kingman to Dodge City, and the. Kingman, Pratt and Western Jtailroad Company was created and lias
built 44 miles of new road sonthwestwardly from Kingman, the former terminus. A merger of the two corpora-
tions will be made and the road completed, equipped and paid for, as hitherto, out of proceeds of first mortgage
bonds secured upon the property, the San Francisco assuming no pecuniary obligations, but owning one-half
of the capital stock.
" This road connects with the Kansas Division of the San Francisco system, and runs through a fine agri-
cultural section of the State. The distance from Wichita to Dodge City is about 150 miles. "
At a special meeting held in St. Louis May 11, 1877, the stockholders ratified and ap-
proved the action of the directors in leasing and guaranteeing the bonds of the St. Louis,
Salem and Arkansas, the Kansas City and Southwestern, the St. Louis, Kansas City and
Southwestern, and the Kansas Midland RR. Cos. ; the guarantee severally but not jointly of
new Atlantic and Pacific bonds, and also voted to authorize the purchase of the
Fayetteville and Little Rock Railroad, a new branch now under construction from Fay-
etteville to St. Paul and Lewisburg on the Arkansas River ; the
Fort Smith and Southern Railroad, a projected line from Fort Smith to the Red River in
Texas, a distance of 150 miles. Work on this road was begun about June 1, 1887.
During the year the Pittsburgh and Columbus Ry. Co. completed a line of 9 miles in
length, running from Pittsburgh to Weir City, at a cost of $80,000. All the capital stock
of this company is owned l)y the St. Louis and San Francisco Ry. Co.
RAILROADS OWNED OR LEASED BY THE ST. Louis AND SAN FRANCISCO RY. Co.
FORT SMITH AND VAN BUREN BRIDGE COMPANY.-This company owns a railroad
bridge over the Arkansas River connecting the towns of Fort Smith and Van Buren. Built in 1885 and 1886 by
the Union Bridge Company, and leased to the St. Louis and San Francisco Ry. Co. for 99 years. Rental, interest
on bonds. Capital stock, $500,000 (all owned by the St. Louis and San Francisco Ry. Co.); fundedTdebt, $500,-
000 first mortgage 6 per cent. 25-year gold $1,000 coupon bonds, due April 1, 1910, interest payable April and Octo-
ber, at oflice of lessee in New York. Principal and interest of these bonds absolutely guaranteed by St. Louis
and San Francisco Ry. Co. Mortgage provides for a sinking fund for redemption of bonds to the extent of 5 per
cent, of total amount, each year from April 1, 1890. bonds to be drawn by lot at 105 and interest. The Bridge
Company reserves right to redeem bonds ut 110 and interest at its option.
KANSAS CITY AND SOUTHWESTERN RAILROAD.-Beaumont, Kan., to Cale, Kan., 62
miles ; total track, 72 miles. Chartered March 28, 1884 ; rojict opened October 1, 1885. Leased for 99 years, from
January 1, 1886, to the St. L. & S. F. RR. Co. at a rental of 25 per cent, of its gross earnings, guaranteed not to
be less than interest on bonds. Rolling Stock.— Curs, box, 10 ; flat, 40 ; caboose, 1 ; coach, 1— total, 52. Income,
1885, $11,145 ; expenses and taxes, $5,905 : net income, §5,240. Capital stock, $1,240,000 ; funded debt, 1st mort-
gage, 0 per cent. 30 year gold coupon bonds, due January 1, 1916 ; interest January and July (authorized $12,000
Secretary, Winflelil, Kansas.
ST. LOUIS, KANSAS AND SOUTHWESTERN RAILROAD.-Arkansas City to Bluff
City, 49 miles. Chartered in 1885 ; road opened in the fall of 1886, and leased to the St. Louis and San Francisco
Ry. Co. for 98 years, rental being 25 per cent, of the gross earnings of the leased road, with a minimum guarantee
of interest on first mortgage bonds. Capital stock all owned by the St. Louis and San Francisco Railway Com-
pany ; funded debt Istmoitgage 6 per cent. 30-year gold bonds, dated September 1, 1880, interest payable March
and September, authorized at the rate of $15,000 per mile, of which $2,000 per mile are reserved by St. Louis
and San Francisco Ry. Co. for betterments and improvements. Bond* are guaranteed principal and interest by
St. Louis and San Francisco Ry. Co.
ST. LOUIS, SALEM AND ARKANSAS RAILWAY. -Main line, Cuba, Mo., to Salem, Mo.,
41 miles. Branches owned— Dent and Phelps : Avery to Smith Mines, 3.87 m.; Howe's: Howe's Station, Mo.,
*~ i>l..,.u iff: \r ~ . f\r\ . ois -m — T->T> . 01:.. ~ - *• ~ - — - * — —
length of lines, 72.06 m. Sidings, etc., 2.9 m. Gauge, 4 ft. 9 in. Rail (steel, 6.5 m.), 56 Ibs. Chartered under
name of St. Louis, Salem and Little Rock RR. Co., January 17. 1871 ; road opened October, 15, 1873. Sold under
foreclosure September 27, 1886 ; reorganized under present name and sold to the St. Louis and San Francisco Ry.
financial Statement, December 31, 1886.— Capital stock, $1,000,000 ; funded dt-bt, §810,000 first mortgage ($15,000
per mile} 5 per cent. 50-year bonds, due January 1, 1937, interest January and July. Bonds are guaranteed princi-
pal and interest by St. Louis and San Francisco Ry. Co., which owns all capital stock of this company. The total
cost of property was $750,000, of which S250,000 was paid in cash by the St. Louis and San Francisco Co. and the
remainder in bonds of the reorganized company. The unissued bonds (8310,001)) were transferred to the St.
Louis and San Francisco Co. in consideration of its guarantee above mentioned. Annual meeting, 2d Thursday
in April or within sixty days thereafter. Books close for annual meeting thirty days prior thereto. Voting power
attaches to stock after thirty days' ownership. Trustees of bonds, Union Trust Co., New York, X. Y. A. L.
CRAWFORD, President, New Castle, Pa.; H. A. Crawford, Vice-President, St. Louis, Mo.; Wm. Brewster, Treas-
urer and Secretary, Erie, Pa.
POORS MANUAL OF RAILROADS.
783
Board of Directors St. L. d San Fran. RR. Co., elected May 11, 1887.
Oco. J. Gonld New York, N. Y.
Bryce Gray New York, N. Y.
C. P. lluntinjfton.. New York. N. Y.
JohnO'Day St. Louis, Mo.
John Paton New York, N. Y.
Horace Porter New York, N. Y.
Ru*-ell Sage New York, N. Y.
Jesse Sellgman — New Yoik, N. Y.
Wm. P. Buckley. .New York, N. Y.
George Coppell New York, N. Y.
Walter L. Frost Boston, Mass
I. E. Gates New York, N. Y. , „ , „_ „„
Edw. P. Winslow "..'.'.'!!!.'.'!!"".. ~.~.~.\ .".New"York, N"V. "
EDWARD F. WINSLOW, President New York City.
John O'Day, Vice-President St. Louis, Mo.
H. L. Morrill, 2d Vice President and General Manager St. Louis, Mo.
Secretary and Treasurer— T. W.Lillie.New York City. | Auditor— A. Douglass St. Louis, Mo.
PRINCIPAI OFFTPWS P°e Building. 51° Pine Street- St- Louis> Mo-
(Mills Building, No. 15 Broad Street, N. Y. City.
Registrar of Stock .Metropolitan Trust Company, New York City.
ST. LOUIS, ARKANSAS AND TEXAS EALLWAY COMPANY.
Lines of Road. —
Missouri and Arkansas Division : Bird's Point, Mo., to Texarkana, Tex 417.80 miles.
Branches • ^ ^ev> Madrid : Paw Paw Junction to New Madrid 5.70 miles.
| Magnolia : McNeill to Magnolia 6.81 miles.
Texas Division : Texarkana to Qatesville 304.90 miles.
Total length of all lines 735.21 miles.
Sidings, etc., 57.70 miles. Gauge, 4 ft. 8$ in. Rail (steel, 735.21 miles), 35 and 56 Ibs.
History. — This road was built under the charters of the Texas and St. Louis Ry. Co. in
Texas, and the Texas and St. Louis Ry. Co. in Missouri and Arkansas.
The former company was organized April 14, 1879, as successor of Tyler Tap RR., and
road opened to Trinity, 181 miles, at the close of 1880. Extended to Corsicana, 203 miles,
April 1, 1881 ; to Waco, 260 miles, September 1, 1881, and to Gatesville in 1882. The com-
pany in Missouri and Arkansas was formed in May, 1881, by a consolidation of the Little
River Valley and Arkansas RR. in Missouri, and the Texas and St. Louis Ry. Co. of Arkansas.
The latter line was completed and formally opened for through business August 12, 1883.
On Jan. 16, 1884, the road in Texas was placed in the hands of a receiver on the petition of
the Central Trust Co. of New York, trustee of the mortgage. Subsequently the receivership
was extended to cover the line in Missouri and Arkansas.
Under a plan of reorganization, which was given the last issue of the MANUAL, the road
was sold under foreclosure — the Texas Division December 1, 1885, and the Missouri and Ar-
kansas Division February 27, 1886, and two new companies organized (the Texas Co. January
29, 1886, and the Missouri and Arkansas Co. April 15, 1886), both bearing the name of St.
Louis, Arkansas and Texas Ry. Co. Since the reorganization, the gauge has been changed
to standard, the line entirely rebuilt, and new equipment furnished.
Rolling Stock. — Locomotive engines, 93. Cars — passenger, 52 ; baggage, mail and ex-
press, 24 ; freight (box, 1,355 ; stock, 63 ; platform, 835 ; coal, 247), 2,500 ; officers', 2 ;
caboose, 55 — total cars, 2,633. Of the above equipment, 26 passenger, 8 baggage, mail and
express, 500 box, 150 platform and 100 coal coal cars were acquired through car trusts, and
235 box cars are leased. Since the close of the fiscal year, 500 stock cars have been added.
Operations for year ending December 31, 18S6. — Train mileage— passenger, 595,081 ;
freight and mixed, 1,154,251— total, 1,749,332 miles. Passengers carried, 304,809 ; carried
one mile, 12,463,691 ; average mile rate, 2.70 cents. Tons of freight moved, 408,712 ; moved
one mile, 85,180,516 ; average ton-mile rate, 1.51 cents.
Earnings and Expenses for Eight Months, May 1 to December 81, 1886.
Earnings.— Passenger $257,704 81
Freight 1,009,690 08
Mail and Express 60,168 90
Miscellaneous 5,853 05
Total ($1,813.65 per mile) $1,333,416 84
Expenses.— Maintenance of Way $802,843 58
RollingStock 893,864 55
Transportation 851,158 81
Miscellaneous 81,651 19
Total ($1,400.80 per mile) $1,029,618 13
784 POOR'S MANUAL OF RAILROADS.
Net earnings, $303,898.71. Paid interest on bonds, $353,200 ; other payments, $29,-
467.35— total, $382,667.35. Deficit, $78,768.64.
General Balance SJwet, December 31, 1886.
Cost of Road and Equipment $38,146,000 00
Real Estate 8,146 20
New Equipment 1,286,393 04
Materials and Fuel 32,85016
Other Assets 418,56968
Change of Gauge 2,623,446 76
Construction 255,330 96
CashonHand 841,56540
Profit and Loss 78,768 64
Total Assets $43,680,070 84
Capital Stock (par, $100) $22,020,000 00
Funded Debt 19,058,000 00
Accounts Payable 549,688 05
Cnrrent Accounts 151,637 90
Other Liabilities 1,900,746 89
Total Liabilities $43,680,070 84
Funded debt consists of $9 ,52 9, 000 first mortgagee percent. 50-year $1 ,000 coupon bonds,
dated May 1, 1886, due May 1, 1936, interest payable May and November; $9,529,000 second
mortgage 6 per cent. 50-year $1,000 coupon bonds, dated May 1, 1886, due May 1, 1986, in-
terest payable May and November. These bonds are a lien on the entire road from Bird's
Point, Mo., to Gatesville, Tex., and the New Madrid and Magnolia branches.
Annual meeting, Monday preceding first Wednesday in May. Interest on first mortgage
bonds payable at the office of the trustee, Central Trust Co., New York, N. Y.; on second
mortgage bonds, at Mercantile Trust Co., New York, N. Y., trustee. Voting power at-
taches to stock after 30 days' ownership.
Directors of the St. Louis, Arkansas and Texas Ry. Co., M. & A. Division.
S. W. Fordyce Hot Springs, Ark.
J. W. Phillips' St. Louis, Mo.
James H. Benedict. New York, N. Y.
R. C. Kerens St. Louis, Mo.
J. C. Reiff New York, N. Y.
H. G. Allis Little Rock, Ark.
F. K. Pendleton...New York, N. Y.
W. M. Senter St. Louis, Mo.
S. A. Bemis St. Louis, Mo.
Directors of the St. Louis, Arkansas and Texas Ry. Co., Texas Division.
C. M. Seley Waco. Tex.
George Cltrk Waco, Tex.
James Garrity Corsicana, Tex.
L. B. Fish Tyler, Tex.
Wm. Behan Texarkana, Tex.
S. W. Fordyce. . . Hot Springs, Ark.
R. C. Kerens St. Louis, Mo.
F. K. Pendleton . . New York, N. Y.
James H. Benedict.New York, N. Y.
S. W; FORDYCE, President and General Manager St. Louis, Mo.
1st Vice- President— Jas. H. Benedict. .New York; N. Y. j Secretary— J. S. Wells St. Louis, Mo.
2d Vice-President— ~R. C. Kerens St. Louis, Mo. I Treasurer— C. D. Drake St. Louis, Mo.
Asst. to Pres. & Comp.-^S.. G. Allis St. Louis, Mo. 1 Auditor— S. C. Johnson St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
ST. LOUIS BRIDGE COMPANY.
Length of Bridge and approaches 6,434 feet.
Length of Tunnel 4,800 feet.
Length of , double main track, bridge, approaches and tunnel 2.25 miles.
Delivery and storage tracks (in St. Louis, 13.66 ; in East St. Louis, 14.25) 27.91 miles.
Area of terminal grounds (in St. Louis, 34.19 ; in East St. Louis, 81.67) 115.86 acres.
History. — Formerly the Illinois and St. Louis Bridge Co., which was sold out under fore-
closure, and a new company formed under the above title March 17, 1879.
The bridge has two roadways, one above the other, the lower one for steam railway traf-
fic only, and the upper one for wagons and foot passengers.
On July 1, 1881, the bridge was leased to the Missouri Pacific and the Wabash, St. Louis
and Pacific Ry. Cos., at an annual rental equalling interest on bonds, semi-annual dividends
on 1st preferred stock at the rate of 5 per cent, per annum for three years to and ending in
July, 1885, and thereafter at the rate of 6 per cent. ; and semi-annual dividends of 3 per cent,
on 2d preferred stock, the first payment to be made July 1, 1884. Dividends payable in gold,
free of all charges. The lessees further agree to pay all taxes, assessments and other charges;
to pay $2,500 a year for maintaining organization, and to provide and maintain offices for this
company in St. Louis and New York. In addition it is provided that the bonds of the com-
pany as they mature shall be paid by the lessee companies.
The bridge and the tunnel (see Tunnel RR. of St. Louis), with all their terminal proper-
POOR'S MANUAL OF RAILROADS. 785
ties, are operated by the above lessee for the accommodation of the local and interchanging
freight and passenger traffic, of the thirteen roads on the ea«t side, and the five roads on the
west side, which centre at St. Louis.
Rolling' Stock. — Locomotive engines, 22. Cars — passenger, 8 ; working, 3.
Operations. — The operations of the Bridge and Tunnel in 1880 were as follows : Tons
freight moved, 2,613,895. Passengers carried, 1,376,903. Cars moved— loaded freight cars,
186,849; empty freight cars; 124,319; construction cars, 2,418; passenger, baggage, express,
and mail cars, 124,059— total cars, 437,645. Gross earnings, $1,564,213.13; operating expenses,
$727,413.20; net earnings, $836,799.93. Deficit after payment of rentals, interest, and fixed
charges, $22,227.43.
Financial Statement. — Funded debt, $5,000,000 7 per cent, gold bonds, dated April 1,
1879, due April 1, 1928, interest payable April and October ; 1st preferred stock, $2,490,000 ;
2d preferred stock, $3,000,000 ; common stock, $2,500,000.
Annual meeting, first Tuesday in March. Books close for annual meeting on the 15th of
February ; for dividends, on the 15th of February and 15tb of December. Preferred stock
and bonds listed on the London Stock Exchange.
Directors.— Julius S. Walsh, J. Pierpont Morgan, New York ; "William Taussig, Gerard
B. Allen, Edward Walsh, Jr., St. Louis, Mo.
JULIUS S. WALSH, President St. Louis, Mo.
William Taussig, Vice-President, Sec. and Gen. Manager. . . .St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Louis. Mo.
ST. LOUIS, CABLE AND WESTERN RAILWAY COMPANY.
Line of Road (Steam road). — St. Louis, Mo., to Florissant 16.0 miles.
Cable Division — In St. Louis, Mo. (double track) .< . 3.2 miles.
Total 19.2 miles.
Second track, Cable Division, 3.2 miles; sidings, etc., 1 mile.
History. — Organized September 12, 1884, for the purpose of purchasing the property of
the St. Louis, Creve Cceur and St. Charles Ry. Co., formerly the West End Narrow Gauge
Ry.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 9 ; baggage, etc., 2; freight
(box, 1 ; platform, 10), 11— total, 22.
Operations for year ending December 31, 1885. — Traffic statistics not reported. Gross
earnings, $20,533.88; expenses, $23,733.10 ; deficit, $3,199.22.
The earnings and expenses here given cover only the steam road, the cable division hav-
ing been in course of construction in 1885. It was opened in April, 1886. Connection is
made with the steam division at its St. Louis terminus, corner Sixth and Locust Streets, and
both divisions are now in successful operation.
Financial Statement, July 1, 1886.— Capital stock, $1,000,000 ; funded debt, $600,000 ; 1st
mortgage 6 per cent, bonds — total stock and debt, $1,600,000. Contra : Original cost of steam
division of road, $452,000 ; permanent improvements since purchase, $125,000 ; cost of cable
division, $700,000 — total cost, $1,257,000 ; real estate (present value), $223,500 ; appreciated
value of right of way within city limits, $128,000— total assets, $1,608,500.
Directors.— M. A. Downing, J. A. Hanson, Geo. F. Branham, S. H. Cobb, E. F. Clay-
pool, Indianapolis, Ind. ; F. M. Colburn, St. Louis, Mo.; W. C. De Pauw, Floyd County, Ind.
E. F. CLAYPOOL, President Indianapolis, Ind.
F. M. Colburn, Vice-President St. Louis, Mo.
v—M A Downing. . . ... Indianapolis, Ind. | Treasurer— J. A. Hanson Indianapolis, Ind.
Auditor— S. H. Cobb Indianapolis, Ind.
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
Branch Office Indianapolis, Ind.
50
786 POOR'S MANUAL or RAILROADS.
ST. LOUIS, FORT SCOTT AND WICHITA RAILROAD COMPANY
Main Line of Road. — Fort Scott, Kan., to Anthony, Kan 214 miles.
Newton Branch : El Dorado, Kan., to Newton, Kan 32
McPherson Branch : Newton, Kan., to McPlierson, Kan 29 — 61 miles.
Total length of line owned December 31, 1886 275 miles.
Sidings, 25 miles. Gauge, 4 ft. 8£ in. Rail, iron, 52 ; steel (152.56 miles), 56 IDS.
History. — This company was chartered February 23, 188Q, and charter amended August
26, 1880. It acquired the franchise and road bed of the Fort Scott, Humboldt and Western
RR. Co., which had previously been sold under foreclosure of a mortgage and bad been pur-
chased by parties in Fort Scott. In 1881, the cons; ruction of the road was placed under con-
tract, and the first section, from Fort Scott to Uniontown, 15 miles, was opemd for business
June 6, 1881. At the close of 1881 sixty miles had been completed. In 1882 the road was
opened to El Dorado, 127 miles ; in 1883 to Wichita, 158 miles ; in 1884 to Argonia, 196.55
miles, and on May 1, 1885, to Anthony, 216.34 miles. The Newton branch was built by the
Ellsworth, McPherson, Newton and Southeastern RR. Co., and was opened for business July
1, 1885. In October, 1885, the latter corporation was merged with the St. Louis, Fort Scott
and Wichita RR. Co. The Missouri Pacific Ry. Co. got control of the road in 1885. The
McPherson Branch was built during the past year. Default was made in 1886, and a receiver
appointed in January, 1887. Sold under foreclosure May 23, 1887, and purchased by Mis-
souri Pacific Ry. Co. The first mortgage bonds will be refunded in Missouri Pacific 5 per
cent, trust bonds. Since the close of the fiscal year the Fort Scott, Wichita and Western
RR. Co., has been organized for the purpose of acquiring the railroad and property of this
company.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 15. Cars — passenger, 10 ; bag-
gage, mail and express, 5 ; freight (box, 57 ; platform, 9 ; stock, 59 ; coal, 147 ; caboose, 15),
287 ; service cars, 10 — total cars, 312.
Operations for year ending December 31, 1886. — Train mileage — passenger, 256,441 ;
freight, 426,676— total, 683,117 miles. Passengers carried, 194,018; carried one mfle, 7,059,-
919 ; average mile rate, 2.761 cents. Tons freight moved, 321,596 ; moved one mile, 35,196,-
638 ; average ton-mile rate, 1.576 cents.
Earnings.— Passenger $194,950 55
Freight 554.638 89
Mail 16477 48
Express 15,642 07
Miscellaneous 1,62404
Total ($3,119.65 per mile) $783,033 03
Expenses.— Transportation $178,203 54
Motive Power 1?^,725 68
Maintenance of Cars 26,577 58
Maintenance Way and Buildings 170,333 25
Miscellaneous 27,498 91
Total ($2,292.19 per mile) $575.538 96
Net earnings (26.52 per cent.), $207,694.07 ; other miscellaneous receipts, $4,965.93—
total available revenue, $212,660. Payments: Interest on bonds, $337,007.50; taxes,
interest, exchange, etc., $28,542.27— totai, $365,549.77. Deficit, $152,889.77; deficit from
last year, $303,882.40— total, $456,772.17.
General Balance Sheet, December 31, 1886.
Cost of Road and Rolling Stock $12,204,176 51
Real Estate and Buildings 27,582 79
Materials and Fuel on Hand 50 50
Current Accounts 111,88590
Profit and Loss 456,772 17
Total Assets $12,800,467 87
Capital Stock $6.614,885 55
Funded Debt Outstanding 5.498,000 00
Interest due and Accrued' 675,615 00
Equipment Notes Payable 11.967 32
Total Liabilities $12.800.467 87
Funded debt consisted, December 31, 1886, of :
let mortgage ($15,000 per mile), 30-year 7 p. c., $1,000 coup, bonds, due Oct. 1, 1910, int. April and Oct. .$4,498,000
2d inert. ($5,000 per mile), 24-year 6 p. c., $1,000 coup, bonds, due Nov. 1, 1910, interest May and Nov. . 1,000,000
Annual meeting, first Tuesday in March. Books close for annual meeting 30 days prior
thereto. Interest payable at Moran Bros., 68 William Street. New York. Thirty days' own-
ership of stock entitles holder to vote. Trustees of bonds : First mortgage, Union Trust Co. ,
New York ; second mortgage, John F. Dillon and George J. Gould, New York. Registrar of
stock, J. H. Dowland, secretary of company.
Directors (elected March 1, 1887).— George J. Gould, A. L. Hopkins, New York, N. Y.;
POOR'S MANUAL OF RAILROADS. 787
George C. Smith, St. Louis, Mo.; R. Harding, J. H. Richards, H. C. Hadley, K. Harris,
Wichita, Kan. ; N. A. English, A. W. Walburn, Fort Scott, Kan. •
GEORGE J. GOULD, President New York, N. Y.
J. H. Richards, Vice-President Wichita, Kau.
Secretary— George C. Smith St. Lonis, Mo. | Treaturer—A. H. Calef . . . . . .New York, N. Y.
Auditor— C. G. Warner St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS Wichita, Kan.
ST. LOUIS, IRON MOUNTAIN AND SOUTHERN RAILROAD COMPANY.
Main Line of Road.— St. Louis, Mo., to Texarkana, Texas 490.00 miles.
" Potosi : Mineral Point to Potosi, Mo 4.00
Belmont : Bismarck to Belmont, Mo 120.00
Cairo : Poplar Bluff to Bird's Point, Mo. (Cairo) 71.00
Branches • 4 Vrowley Ridge : Knoble, Ark., to Helena, Ark 140.00
Doniphan : Neeleyville, Mo., to Doniphan, Mo 20.00
Batesvttle : Diaz, Ark., to Batesville, Ark 28.00
Camden : Gurdon to Camden 34.00
L Jackson : Allenville to Jackson 16.00—433.00 miles.
Total length of lines, December 31, 1886 923.00 miles.
2d track, 10 ; siding?, 216 miles. Gauge, 4 ft. 8| in. Rail (steel, 787 miles), 40 to 7G Ibs.
History. — Organized by the consolidation May 6, 1874, of the St. Louis and Iron Moun-
tain, the Arkansas Branch, the Cairo and Fulton, and the Cairo, Arkansas and Texas RR. Cos.
The through line was opened in 1874. The gauge, formerly 5 feet, was changed June 29,
1879, to the standard width. In 1883 the Crowley Ridge Branch was extended from Forrest
City south to Helena, 43 miles, by the purchase of the Iron Mountain and Helena RR. The
Jackson Branch Ry., Allenville to Jackson, Mo., 16.3 miles, which was completed and opened,
for traffic October 26, 1884, was built under its own charter, and afterwards consolidated with
the St. Louis, Iron Mountain and Southern Railroad.
Rolling Stock, December 31, 1886. — Locomotive engines, 142. Cars — passenger, 50 ; bag-
gage, mail and express, 43 ; freight (box, 2,384; stock, 495; platform, 867; coal, 305; ca-
boose, 80; refrigerator, 127), 4,258 — total, 4,351. Also, 29 service cars, and 2 ferryboats.
Of the above, 30 locomotives, 12 passenger cars, 6 baggage, etc., 100 refrigerator, 1,250 box,
250 stock, and 400 platform cars were acquired through car trust. Of the refrigerator cars.
100 are leased to the American Refrigerator Transit Co.
Operations for year ending December 31, 1886. — Train mileage — passenger, 1,526,545 ;.
freight, 2,690,641— total, 4,217,186 miles. Passengers carried, 1,347,889; carried one mile,.
53,919,794 ; average mile rate, 2.40 cents. Tons freight moved, 2,139,567 ; moved one mile,.
429,695,251 ; average ton-mile rate, 1.30 cents.
Earnings.— Passenger $1,291,360 43
Freight 5,572,32768
Mail 170,793 13
Express 152,48533
Miscellaneous . . . 124,845 63
Total ($7,921.57 per mile) $7,311,612 10
Expenses.— Maintenance of Way $875,864 73
Maintenance of Caix 240,287 90
Motive Power 1,043.7*4 79
Transportation 1 ,551 .537 83
Miscellaneous 156,906 73
Total ($4,191.04 per mile) $3.t-tW,331
Net earnings (47.09 per cent.), $3,443,280.12.
Interest paid on bonds as follows : On 1st mortgage St. L. & I. M. Ry., $280,000 ; 2d
mortgage St. L. & I. M. Ry., $420,000 ; 1st mortgage St. L. & I. M Ry., Arkansas Branch,
$175,000 ; 1st mortgage Cairo, Arkansas and Texas RR., $101,500 ; 1st mortgage Cairo and
Fulton RR., $520,800; income bonds Cairo and Fulton RR., $5,840; general consolidated
Ry. and land grant mortgage, $686,712.50; first preferred income, $24,278.71— total, $2,-
214,131.21.
Income Account, year 1886.
Balance, January 1, 1886 $2,736,283 15 ( Interest on Bonds , $2,214,131 21
Net Earnings, 1886 3,443,280 12
Interest and Dividends 16,74968
Unclaimed Wages, etc 141,054 42
Total.. $6,337.36787
Taxes, Car Trust, Expenses, etc :«8,148 05
Balance, December 31, 1886 3,775,088 11
Total $6.337,367 37
788 POOR'S MANUAL — RT. LOUIS, IRON MOUNTAIN AND SOUTHERN RR. co.
In January, 1887, a dividend of 5 per cent, was paid out of the earnings of the preced-
ing year. •
Statement of operations, etc., for eight years :
.
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad.
684.50
684.50
860,064
2,037,335
829,152
45,831,042
1,187,097
223,223,376
$
1,268,873 77
4,697,047 49
295,676 04
719.00
1,188,157
3,298,693
913,755
57,640,868
1,593,943
309,271-737
$
1,527,894
5,447,677
711,402
783
1,166,760
2.344,341
955,787
40.261,947
1,500,491
380065,006
s
1,462,238
5,714,562
508,301
905
1,293,607
3,391,941
1,028,943
52,633,152
•1,557,954
372,350.183
1,595,905
5,812,150
496,623
910
1,340,629
2,565,517
1,216,240
53,583,919
1,611,221
384,911,146
$
1,347,504
5,634,929
469,464
923
1,379,370
2.58S.443
1,322,748
55,085,625
1.747,359
395,958,971
A
1.262,571
5,592,710
456,358
923
1,526,545
2,690,641
1,847,888
58,919,7W
2,139.567
429,695251
$
1,291,260
5,572,228
448,124
Passenger Engine Miles . .
Freight Engine Miles
Passengers Carried ....
652,757
31,348,820
981, 139
2-26.573,979
$
981,151
1.103,665
'207,795
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Pas^en^er Earnings
Freight Earnings
Miscellaneous
Gross Earnings
5,292,611
2,992,056
6,265,597 30
4,075,226 37
7,686,973
4,931,863
7,685,101
3,941,057
7,904,683
4;214,563
7,451,898
3,987,297
7,311,639
3,692.;222
7,311,612
3,868,332
Expenses
Net Earnings.
2,300,555
7,732 08
4,371 16
3,260 92
56. 54 p. c.
3.13 C.
1.88 c.
2,190,370 93
9,153 54
5,953 58
3,199 96
55.04 p. c.
2.77 c.
2.08 c.
2,775,110
10,691 20
6,859 34
3,831 86
64. 16 p. c.
2.65 c.
1.76 c.
3,774,044
9.814 94
5,'033 28
4,781 66
51. 28 p. c.
2.97 c.
1.50 c.
3,690,120
8,734 46
4,656 98
4,077 48
53. 32 p. c.
3.03 C.
1.56 C.
3,464,599
8,188 90
4,381 65
3,807 25
53.51 p. C.
2.51 c.
1.47 C.
3,619,417
7,921 60
4,000 24
3,921 36
50.49 p. c.
2.29 C.
1.41 c.
3,443,280
7,921 57
4,191 04
3,730 53
52.91 p. C.
2.40 c.
1.30 c.
Gross Earnings p. Mile .
Gross Expenses p. Mile .
Net Earnings per Mile. .
Expenses to Earnings .
Av. Rate p. Pass. p. M. .
Av. Rate p. Ton p. M.. .
General Balance Sheet, December 31, 1886.
Cost of Road and Equipment $53,637,931 27
Real Estate and Buildings 451,744 18
Stocks and Bonds Owned 5,776,619 84
Lands Unsold, Mo. and Ark 2,774,688 45
Cash on Hand 188,30964
Capital Stock $22,083,195 00
Funded Debt 35,540,482 81
Current Accounts '. 721,703 24
Interest Due and Accrued 708,824 22
Profit and Loss 3,775,088 11
Total Asset? $62,829,293 38 Total Liabilities. . .
Funded debt outstanding December 31, 1886 ($35,540,482.81):
.$62.829,293 38
Mortgages.
Date of
Mortgage-
Date of
Bond.
Maturity of
Bond.
Amount.
Interest.
Authorized.
Outsta'di'g.
Rate.
When
Payable.
1st Mtge., St. L. & I. M. RR. . .
2d Mortgage, St. L. & I. M. RR. . .
1st Mtg.,St.L.& I.M. RR., Ark.Br.
1st Mtge., Cairo, Ark. & Texas RR.
1st Mortgage, Cairo & Fulton RR.
Inc. Cairo <fc Fulton (8 per cent.). .
1st Prf. In., St. L. & I. M. RR.,2d M
1st Prf. In., St.L.& I.M, RR.,Ark.B
1st Prf .In., Cairo, Ark.&Tex.,lstM
1st Prf.In., C'ro& Fult'on, 1st Mtge
1st Prf.In.,St. L. & I. M. RR.,C'd M
Gen'l Con. Ry. & Land Grant Mtge
Gen. Con. Ry.& L'dGr'tMtg.,fr.sc.
Aug. 1, '67
May 1, '72
Apr.15,'70
June 1,'72
Dec.10,'70
No Mtge.
Aug. 1,'67
May 1,'72
June 1,'70
June 1,'72
Dec.lO,'VO
May 1,'73
Aug. 1, 1892
May 1, 1897
June 1, 1895
June 1, 1897
Jan. 1, 1891
Aug. 1, 1888
$
4,000,000
6,000,000
2,500,000
1,500,000
8,000,000
$
4,000,000 00
6.000,000 00
2,500,000 00
1,450,00000
7,428,000 00
73,00000
65,205 00
21,157 50
24,78000
192,945 00
?'cC'
I e
Is
7 g
I s
8 c
Feb. & Aug.
May & Nov.
Jane &Dec.
June & Dec.
Jan. & July
Feb. & Aug.
Mar.'lsY'Si
Mc'h'isY'si
Apr.' i,'i93i
42,297 50
13,742,000 00
1,097 81
Vg'.'
Apr.' &'6ct.
The St. Louis and Iron Mountain first mortgage Is of 1892 are secured by a first lien on
the main line from St. Louis to Pilot Knob, 86 miles, the Potosi branch, 4 miles, and the Bel-
mont branch, 120 miles — total, 210 miles. Trustee, Farmers' Loan and Trust Co., New York.
The "Arkansas Branch" bonds are secured by a first lien on that portion of the main line
from Pilot Knob to the Arkansas State Line, 100 miles. Trustee, Farmers' Loan and Trust
Co., New York. The second mortgage bonds 0/1897 are secured by a lien on the 310 miles of
road above described, subject to the prior lines of the aforementioned mortgages. Trustees,
George Cabot Ward and Wm. H. Swift. The Cairo, Arkansas and Texas bonds are secured
on Cairo branch, 71 miles. Trustee, Robert B. Minttirn. The Cairo and Fulton, first mort-
gage land grant and sinking fund bonds are secured on the road, lands, etc., in Arkansas be-
tween the State lines of Missouri and Arkansas, 303.5 miles of road, about 900,000 acres of
lands, etc. Trustee, Union Trust Co. These bonds will be retired and cancelled from pro-
POOR'S MANUAL OF RAILROADS. 789
ceeds of gales of lands covered by the mortgagee. The first preferred income bonds were
issued for deferred interest on bonds of the several classes. These income bonds bear interest
at the rate of 7 per cent, per annum, payable, if earned, in March of each year, and accumu-
lative. The general consolidated railway and hind grant mortgage covers all the property and
franchises of the company. The amount originally providtd was $82,036,000 or $2,000,000
more than the then existing bonded debt of the company, to retire which an equal amount of
these bonds was set apart, the excess being used in improving the road. Since then there
have been issued under a mortgage supplemental to this mortgage, bonds to the amount of
$3,311,000, covering at $15,000 per mile 222 miles of road built during the past three years,
as follows : Camden branch, 34 miles ; Crowley Ridge branch, 140 miles; Doniphan branch,
20 miles, and Batesville branch, 28 miles. Trustee, Mercantile Trust Co., New York. Bonds
of all classes are $1,000 each (seconds of 1872-97 are also £200), and coupon with prvilege
of registration. Interest on all bonds payable at office of Mercantile Trust Co., New York ;
on sterling seconds in London.
During the year 1881 the greater part of the stock of St. Louis, Iron Mountain and
Southern RR. Co. was purchased by the Missouri Pacific RR. Co., three shares of the lat-
ter being exchanged for four of the former. The object and effect of the purchase is a con-
solidation of the two companies.
In addition to the several issues of bonds above enumerated, there are outstanding
$678,000 Iron Mountain Car Trust bonds (authorized amount, $3,000,000 ; original issue
$1,441,000), dated July, 1880, interest 6 per cent., payable quarterly on the 1st days of
March, June, September aud December, at the office of the Trustees, 195 Broadway, New York
City, annual payments about $200,000 and interest on outstanding certificates, until Decem-
ber 31, 1887, thereafter, $19,000 and interest until September 1, 1891, at which time all out-
standing certificates will be paid off and cancelled, and the St. Louis, Iron Mountain and
Southern RR. Co. will become absolute owner of all rolling stock now owned by the lion
Mountain Car Trust. (See statement of rolling stock.)
Land Department. — Missouri Division: Oiigmal grant, 139,375 acres, of which 119,357
acres were unsold on January 1, 1883. During 1883 there were sold 4,159 acre?, at an aver-
age of $3.47 per acre, leaving unsold December 31, 1883, 115,644 acres. Total sales, includ-
ing town lot sales, during 1883, amounted to $15,700.18. Cash received during 1883, $17,-
739.03 ; notes received during same time, $5,290.55; notes receivable outstandirg December
31, 1883, $27,013.12. Arkansas Division: Original grant, 1,368,798 acres. Sales during
1883, 66,840 acres, at an average of $2.88 per acre. Unsold December 31, 1883, 928,498 acres.
Total sale?, including town lot sale?, during 1883, amounted to $195,988.31 ; cash received,
$171,879.68; notes received, $101,589.40; notes receivable outstanding December 31, 1883,
$701,554.21.
Directors (elected March 8, 1887).— Jay Gould, R. S. Hayes, Russell Sage, A. L. Hop-
kin?, Samuel Shethar, John T. Terry, George J. Gould, D. D. Parmelee, New York, N. Y. ;
Henry WLelen, Philadelphia, Pa.; Rufus J. Lackland, S. H. H. Clark, George W. Allen, St.
Louis, Mo.; Logan H. Roots, Little Rock, Ark.
JAY GOULD, President New York City.
S. H. H. Clark, 1st Vice- President and General Manager St. Louis, Mo.
A . L. Hopkins, 2d Vice-President New York City.
Sec. and Treas.—A.- H. Calef New York, N. Y. General Supt.—ti.. W. Dickinson St. Louis, Mo.
Asst. Secrelarv-S. D. Barlow St. Louis, Mo.
Asst. Secretary . .
Local Treasurer— D. S. H. Smith St. Louis, Mo.
.
Gen. Traffic Manager— W . II. Newman. St. Louis, Mo.
General Auditor— -0. <;. Warner St. Louis, Mo.
Transfer Agent— A. H. Calef New York, N. Y.
PRINCIPAL OFFICE AND ADDBESS St. Louis, Mo.
Fiscal Agency (Treasurer's Office) No. 195 Broadway, New York City.
ST. LOUIS, KEOKUK AND NORTHWESTERN RAILWAY COMPANY.
Line of Road.— Keokuk, In., to St. Peter's, Mo 135 82
Leased • K. & N. W. RR. : Keokuk to Mount Pleasant 49.05
Traffic Contract : W., St. L. & P. Ey.: St. Peter's, Mo., to St. Louis, Mo. 30.50—215.37 miles.
Sidings, 19.11 miles. Gauge, 4 ft. 8£ in. Rail (steel, 89.56 miles), 56 Ibs.
790 POOR'S MANUAL OF RAILROADS.
History. — Reorganization, July 1, 1875, of Mississippi Valley and Western RR., sold
April 14, 1875. Opened through September 11, 1879. The Keokuk and Northwestern RR.
is nominally leased but practically owned by this company, which is itself controlled by the
Chicago, Burlington and Quincy RR. Co.
Rolling Stock. — Locomotive engines, 15. Cars — passenger, 11; baggage, etc., 6; freight
(box, 222 ; stock, 63 ; platform and coal, 64), 349— total, 366. Also, 75 other cars.
Operations for year ending December 31, 1885. — Traffic statistics not reported.
Earnings.— Passenger $181,225 69
Freight 354,980 99
Mail '. 26,769 28
Express 13,992 69
Miscellaneous 8,278 70
Total ($2,717.40 per mile) $585,247 35
Expenses.— Maintenance of Way $199,559 47
Maintenance of Cars 63,429 04
Motive Power 87,884 23
Transportation 113,773 55
Miscellaneous 38,718 71
Total ($2,337.21 per mile) $503,365 00
Net earnings (13.99 per cent.), $81,882.35. Add other receipts, $558.24— total available
revenue, $82,440.59. Payments, $116,983.93. Balance, deficit, $34,543.34. No interest has
been paid on bonds since 1880.
Financial Statement, December 31, 1885. — Capital stock — preferred, $1,350,000 ; com-
mon, $1,350,000 ; and $720,000 common stock of the Keokuk and Northwestern RR.— total
stock, $3.420,000; funded debt, $3,180,000, consisting of $1,620,000 first mortgage 6 per
cent, gold coupon $1,000 bonds, and $1,080,000 income 6 percent, gold coupon $1,000 bonds,
both issues dated November 10, 1875, and due January 1, 1906, interest payable January and
July, in New York City ; and $480,000 first mortgage 6 per cent, coupon $1,000 bonds of
the*K. & N. W. RR., dated July 1, 1880, and due July 1, 1910. Total stock and bonds,
$6,600,000.
Annual meeting, first Thursday in December. Decree of foreclosure recently entered.
Directors (elected December 4, 1885).— W. W. Baldwin, H. B. Scott, H. E. Jarvis, Bur-
lington, la.; James H. Anderson, Keokuk, la.; T. J. Potter, Chicago, 111.
W. W. BALDWIN, President Burlington, la.
T. J. Potter, Vice-President and General Manager Burlington, la.
Treasurer— 3 . C. Peasley Chicago, 111. ! General Su})t . — K.Law Keokuk, la.
PKINCIPAL OFFICE AND ADDKESS Keokuk, la.
TEXAS AND PACIFIC RAILWAY COMPANY.
Main Line of Road. — Gouldsboro' (opp. New Orleans), La., to El Paso, Tex.. 1,162 miles.
Other divisions and branches . 325 miles.
Total length of line December 31, 1886 1,487 miles.
Sidings, etc., 139 miles. Gauge, 4 ft. 8| in. Rail, steel, 56 and 58 Ibs. ; iron, 54 Ibs.
Statement of mileage as operated by divisions, December 31, 1886 :
Eastern Division :
Texarkaua to Fort Worth via Marshall 253
Texavkana Junction to Whitesboro' ... .239
Marshall to Shreveport 40—532
Rio Grande Division :
Fort Worth to El Paso 616
Gordon Branch, Gordon to Coal Mines 3 — 619
New Orleans Division :
Shreveport to Gouldsboro', La 327
Baton Rouge Branch, Baton Rouge June, to West Baton Rouge. . 8
Westwego Branch, Westwego Junction to Westwego 1 — 336 — 1,487 miles.
History. — This company was organized under Act of Congress, March 3, 1871, and the
general railroad laws of the State of Texas. It acquired the prop?rties of the Southern Pa-
cifio, the Southern Transcontinental, and the Memphis, El Paso and Pacific RR. Companies.
The Southern Pacific RR. Co. was a consolidation of the Vicksburg, Shreveport and Texas,
chartered in Louisiana, and the Southern Pacific, organized under the laws of Texas. That
POOR'S MANUAL — TEXAS AND PACIFIC BY. CO. 791
portion of the line in Louisiana, about 20 miles, was built by the V., S. & T. Co. ; the section
from the east line of Texas to Longview, Tex., about 40 miles, by the Southern Pacific Co.
The rest of the line in Texas was built by the present company. On January 1, 1882, a junc-
tion was formed with the Southern Pacific RH. of California, at a point 523 miles west from
Port Worth, and on the 15th of the same month the road was opened for traffic to El Paso.
The New Orleans Division was opened for through traffic on October 15, 1882. Between Sierra
Branca and El Paso, 92 miles, the track is used jointly with the Galveston, Harrisburg and
Sau Antonio RR., this company paying one-half taxes, station expenses, and cost of mainten-
ance, and, in addition, 6 per cent, on $10,000 per mile.
By deed dated June 21, 1881, the Texas and Pacific was consolidated under its own name
with the New Orleans Pacific Railway, extending from Shreveport to New Orleans, a distance
of about 335 miles. By the terms of consolidation, the stockholders of the New Orleans Pa-
cific received an amount of stock of the Texas and Pacific equal to that held by them. The
total liabilities of the New Orleans Pacific consist of a 1st mortgage debt of $20,000 per mile;
its stock was $20,000 per mile.
In 1884, a large decrease in earnings, the consequence, chiefly, of the heavy floods in
Louisiana, which closed the New Orleans Division for several months, and of the failure of
the cotton crop in Texas, rendered the company unable to meet the interest charges maturing
in June of that year, and arrangements were subsequently made for funding a portion of ma-
turing coupons into a new general mortgage bond. This plan was only partly successful, and
on December 16, 1885, the property was placed in the hands of receivers.
Under a plan of reorganization adopted August 13, 1886, and being successfully carried
out, it is proposed to foreclose all existing mortgages excepting the Eastern Division first
mortgage and the State School Fund Loan, and issue new first and second mortgage bonds to
the amount of $25,000,000 each issue, to bear 5 per cent, interest, but interest on eecond mort-
gage payable only if earned and non-cumulative, principal and interest payable in gold, the
first mortgage dating from December 1, 1887, and the second mortgage from December 1,
1887, and both payable in the year 2,000. New stock to the amount of $50,000,000 will also
be issued.
Eastern Division Consol. 6s will receive 112 per cent, in new first mortgage bonds, and
the same rate for coupons up to December 1, 1885. Coupons subsequent to December 1, 1885,
will be surrended and cancelled.
New Orleans Pacific Qs and overdue coupons to July 1, 1885, receive 60 per cent, in new
first mortgage bonds and 60 per cent, in new second mortgage bonds ; coupons subsequent to
July 1, 1885, to be surrendered and cancelled. Scrip receives the same recognition as that
accorded the terminal bonds below.
Rio Grande Division 6* and overdue coupons to August 1, 1885, receive 40 per cent, in
new firsts and 80 per cent, in new seconds ; coupons subsequent to August 1, 1885, to be sur-
rendered and cancelled. Scrip receives same recognition as terminal bonds.
Terminal bonds and overdue coupons on same to October 1, 1885, receive 25 per cent, in
new firsts and 95 per cent, in new seconds ; coupons subsequent to October 1, 1885 to be sur-
rendered and cancelled.
Land grant bonds receive the lands on which they are secured, and in exchange for their
lien on income, 60 per cent, in new second mortgage bonds.
Capital stock receives dollar for dollar in new stock on paying $10 per share, and new
second mortgage bonds at par for the assessment.
The rest of the new securities will be held for future use.
The receivers are expending the earnings of the road, together with the stock assessment
in the improvement of the property, and it is expected^the reorganization will be completed
by the close of 1887.
Rolling Stock. — Locomotive engines, 171. Cars — passenger, 80 ; baggage, mail and ex-
press, 23; freight (box, 1,234; stock, 536; platform, 704; coal, 391; caboose, 96), 2,961.
Total revenue cars, 3,064. Also 77 service cars.
Operations for year ending December 30, 1886.— Trains run— passenger, 6,867,162;
792
POOR'S MANUAL — TEXAS AND PACIFIC RY. CO.
freight, 43,810,540 ; other, 1,693,893— total, 52,371,595 miles. Passengers carried, 712,462 ;
carried one mile, 52,243,829 ; average mile rate, 2.63 cents. Tons freight moved, 1,099,304 ;
moved one mile, 256,797,076 ; average ton-mile rate, 1.67 cents.
Expenses.— Maintenance of Way $1,716,687 54
Maintenance of Cars 382,243 63
Motive Power 1,636,259 67
Transportation 1,361 ,936 44
General, etc 418,986 03
Earnings.— Passenger $1,374,239 43
Freight 4,282,447 57
Express 182,020 80
Mail 162,50609
Miscellaneous 41,091 25
Total ($4,063.42 per mile) $6,042,304 64 Total ($3,709.56 per mile) .....$5,516,113 30
Balance, net earnings (8.71 per cent.), $526,191.34. Rentals received, $68,400 ; rentals
paid, $53,582.23.
General Balance Sheet, December 31, 1884. (Latest furnished.)
Construction (1,375 miles) $60,703,330 31
Terminal Property, New Orleans 1,950,000 00
Interest Scrip issued 1879, '80, '81, '82, '83. 4,709,540 54
Investment in Stocks and Bonds, etc.*. . . 8,998,855 07
Cash and Accounts Receivable 218,532 36
Town Lot Notes Receivable 131,294 03
Land Notes Receivable 991,92908
Securities received in Payment for Land. . 1,392,453 73
Expenses of Land Department 384,194 20
Mercantile Trust Co. , Trustee 60,000 00
Fidelity Trust Co., Trustee, C&ntra 542,130 00
Sundry Unadjusted Balances 111,238 34
Profit and Loss 3,384,42220
Capital Stock $32.164,600 00
Bonded Debt ' 43,340,00000
Texas School Fund Loan 165,965 68
Income and L. G. Bond Scrip 2,709,760 00
Convertible Coupon Scrip 77,760 00
Sundry Scrip 26,037 68
Bills Payable 1,130,873 60
Interest Due and Unpaid
Interest Accrued, not due .
Sundry Liabilities
674,13000
13,725 00
Land Sales 2,490,707 90
Coupons E. D. Bonds Deposited with F.
T. Co. under Agreement 542,130 00
TotalAssets $83,577,91986 Total Liabilities ..$83,577,919
Comparative statement of traffic, earnings, expenses, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of railroad (aver.) —
Passenger Train Miles
Freight Train Miles
444
413,938
712,460
191,958
11,651,044
379,125
50,723,818
$
456,576
1,582,925
96,643
444
334,975
867,571
194,788
11,438,607
525,093
66,446,382
$
456,055
2,053,018
80,149
515.69
481,264
1,328,867
280,563
18,168,412
715,204
102,472,593
$
681,530
2,410,083
110,164
1,336.00
1,056,164
2,693,530
392,365
31,941,512
1,049,262
207,760,295
$
1,147,292
3,806,944
1,312,007
1,487.00
1,276,702
3,817,816
744,745
53,798,099
946,219
258,971,909
$
1,575,670
4,567,043
902,939
1,487.00
1,418,113
2,733,988
674,085
47,863,563
1,056,726
245,250,395
$
1,375,383
4,037,484
605,889
1,487.00
1,723,243
2,732,907
470,660
25.931,832
952,017
124,642,358
$
1,508.147
3,868,716
449,538
1,487.00
6,867,162
43,810,540
712,492
52,243,829
1,099.304
256,797,076
$
1,374,239
4,282,448
385,618
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Passenger Earning?
Freight Earnings
Miscellaneous
Gross Traffic Earnings
Transportation Expenses. . .
Net Traffic Earnings .
Interest, Sinking Fund, etc.
Surplus Revenue .
2,136,144
1,591,227
2,589,222
1,543,518
3,201,777
2,608,021
6,266,243
4,657,448
7,045,652
5,397,642
5,918,756
5,134,824
5,826,401
4,730,782
6.042,305
5,516,113
544,917
713,202
1,045,704
732,740
593,756
t
1,608,795
1,721,275
1,648,007
2,214,402
783,933
$2,128,219
1,095,619
526,192
312,964
t
4,06342
3,709 56
353 86
91 .29 p. c.
2.63C.
1.67C.
Deficit Revenue
168,285
4,811 13
3,58384
1,22729
74.53 p. c.
3.92 c.
3.12 c.
112,480
4,690 30
3,48462
1,205 68
74. 33 p. c.
3.59 c.
1,83 c.
566,395
4,738 10
3,764 39
97377
76. 61 p. c.
2.93 c.
1.76c.
1,344.286
3,98033
3,45314
52719
86.76 p. c.
3.87 c.
1.65 c.
Gross Earnings per Mile
Gross Expenses per Mile —
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile . .
5,831 58
3,476 38
2,35526
59.61 p. c.
3.81 c.
3.09 c.
6,20862
4,929 78
1,278 84
81. 46 p. c.
3.75 c.
3.36 c.
3,918 23
3,181 43
73680
81. 20 p. c.
5.82 c.
3.10 c.
In above table, operations, etc., for years prior to 1882 are for years ending May 31.
Statement of funded debt, December 31, 1885 — 1,375 miles of road :
Mortgages.
Date of
Mortgages.
Date of
Bonds.
Maturity
of Bonds.
Amount.
Rate
Int'r'st
Pay-
able
Author-
ized.
1 of
Out- Int'st
standing.
1st Mortgage Eastern Division.
May 15, 1875
Jan. 20, 1880
July 31, 1880
June 1, 1875
May 15, 1875
Ang. 1, 1884
May 15, 1875
Jan. 20, 1880
July 31, 1880
June 1,1875
May 15, 1875
Aug. 1, 1884
Mar. 1, 1905
Feb. 1, 1930
July 1, 1920
June 1, 1905
Jan. 1, 1915
Oct. 1, 1905
$
4,192,000
15,000,000
7,100,000
13,100,000
8,908,000
6,500,000
$ p. c.
3,784,000 6 gold
13,028,000 6 gold
6,720,000 6 gold
9,316,000 6 gold
7 c'cy
M.&S.
F.&A.
.1 . & J.
J. &D.
J.Anl'y
A.&O.
1st Mortgage Rio Grande Division
1st Mortgage N. O. Pacific Ry
Consol. Mortgage, Eastern Division..
Income and Land Grant, Eastern Div.
General Mortgage and Terminal
2,798,000 6 c'cy
* Capital Stock New Orleans Pacific Ry. Co., $6,691,200 ; Gordon Coal Mine purchase, $135,390.62 ; sundry
securities, $526,770.62 ; general mortgage and terminal bonds, $1,615,000 ; real estate, $30,493.83.
t Payments from net earnings not reported. t Net payments.
POOR'S MANUAL OP RAILROADS. 793
The 1st mortgage Eastern Diviaion bonds are limited to an issue of $4,192,000, being
$8,000 per mile upon 524 miles of road east of Fort Worth. There is a sinking fund for the
bonds now afloat. The consolidated mortgage bonds are a second lien on the 524 miles of
road east of Fort Worth, and were issued at the rate of $25,000 per mile, of which $8,000 are
reserved to retire the 1st mortgage bonds. The income and land grant bonds (registered,
$1,000) are a third mortgage on the same road, and a first mortgage on the lands granted by
the State of Texas for construction of that division. New Orleans Pacific bonds are a first
Hen on the road from New Orleans to Shreveport, 836 miles. The general mortgage and ter-
minal bonds are secured on the entire road and terminal property.
LAND GRANT. — By a general law of Texas, this road, in common with others in the State,
is entitled to a land -grant of 16 sections (10,240 acres) to the mile. Land received and located
to December 31, 1884, 5,356,342 acres. Located lands unsold December 31, 1884, 3,8>3,794
acres. The greater part of these lands were located west of Fort Worth on the line of or
tributary to the Rio Grande Division. Sales during the year ending December 31, 1884, 544,-
984 acres, at an average price of $3.07 per acre, realizing $1,677,184.17. Land securities re-
ceived, $731,278.32; land notes received, $943,297.67; cash, $1,608.18— total, $1,676,184.17.
Annual meeting held in City of New York on first Tuesday in March. No fixed time for
closing books. Directors elected at each Biennial meeting. All stock and bonds listed on
New York Exchange. Most of same listed on Philadelphia Stock Exchange. Registrar of
Stock, Mercantile Trust Co., New York, N. Y.
Directors (elected March 1, 1887). — Jay Gould, Russell Sage, George J. Gould, Samuel
Sloan, A. L. Hopkins, C. E. Satterlee, Robert Fleming, New York, N. Y. ; John A. Wright,
Isaac J. Wistar, J. N. Hutchinson, John Markoe, William D. Winsor, George B. Roberts,
Philadelphia, Pa.; John C. Brown, St. Louis, Mo.; C. M. McGhee, Knoxville, Tenn.; S. H.
H. Clark, Omaha, Neb.; W. C. Hall, Louisville, Ky.
JOHN C. BBOWN, | . ( Dallas, Tex.
LIONEL A. SHELDON, ) Receivers-- ( New Orleans, La.
Treas-for Eec.— John 8. Wilkes Dallas, Tex. | General Manager— John A. Grant. . . .* . . . Dallas, Tex.
Auditor— Frank Trambull Dallas, Tex.
JAY GOULD, President New York, N. Y.
1st Vice-President—John C. Brown Dallas, Tex. | Zd Vice- President— George J. Gould. . .New York, N. Y.
Secretary and Treas.—C. E. Satterlee New York, N.Y.
EXECUTIVE OFFICES Dallas, Tex.
General Office 195 Broadway, New York, N. Y.
TEXAS CENTRAL RAILWAY COMPANY.
Main Line of Road.— Ross, Tex., to Albany, Tex 176.6
Northeastern Division : Garrett to Robert 52.0 — 228.6 miles.
Sidings, 10 miles. Gauge, 4 ft. 8£ in. Rail, 56 Ibs.
History. — Incorporated May 28, 1879. Charter amended 1881. The charter authorizes
the construction of the main line to the northern boundary of Texas, with a branch line to the
northeastern border. Placed in receiver's hands in April, 1885. Operated in connection with
Houston and Texas Central Ry., but accounts not included.
Rolling Stock. — Locomotive engines, 8. Cars — passenger, 6; combination, 3; freight, 200.
Operations for year ending December 81, 1884.— Gross receipts, $283,637. Expenses,
$237,930. Net income, $45,707.
Financial Statement.— Capital stock ($1,500,000 authorized), $130,800 ; funded debt,
$5,685,000— total, $5,815,300. Funded debt, 1st mortgage main line 7 per cent. 30-year $1,000
gold bond?, due November 1, 1909, interest May and November, $2,145,000 ; 1st mortgage
Northeastern Division (2d on main line) 7 per cent. 30-year $1,000 gold" bonds, due May 1,
1911, interest May and November, $1,254,000 ; general mortgage 6 per cent. 50-year $1,000
bonds, due November 1, 1934, interest May and November, $2,286,000. Interest on all issues is
in default since November, 1884. The general mortgage bonds are pledged. Of the capital
794 POOR'S MANUAL OF RAILROADS.
stock outstanding, $50,000 is owned by the Houston and Texas Central Ry. Co., $75,000 by
Morgan's Louisiana and Texas Ry. Co., and the balance by the directors.
B. G. CLARK AND CHAS. DILLINGJIAM, Joint Receivers Houston, Tex.
A. C. HUTCHINSON, President New Orleans, La.
J. Waldo, Vice-President Houston, Tex.
Treasurer— E. W. Cave Houston, Tex. | Secretary— H. Hall Houston, Tex.
PRINCIPAL OFFICE AND ADDRESS Ross, McLennan County, Tex.
TEXAS TRUNK RAILROAD COMPANY.
Line of Road.— Dallas, Tex. , to Sabine Pass, Tex 300 miles.
In operation : Dallas to Cedar 51 miles.
Sidings, etc., 5 miles. Gauge, 4 ft. 8^ in. Rail, 50 Ibs.
History. — Chartered November 6, 1879 ; road opened to Kaufman in August, 1881 ; to
Cedar in 1883. On December 5, 1881, the road was placed in the hands of a receiver on ap-
plication of floating-debt holders. The road was sold under foreclosure for the first time May
1, 1883. Since then it has been sold five times ; the last time November 19, 1885.
Rolling1 Stock. — Locomotive engines, 3. Cars — passenger, 2 ; baggage, 1 ; freight —
platform, 18.
Operations for year ending December 31, 1884. — Not reported. Earnings — passenger,
$5,438.48 ; freight, $23,994.37 ; mail, express, and other, $5,152.26— total, $34,585.11. Oper-
ating expenses, $38,826.37. Deficit, $4,241.26.
Financial Statement, December 31, 1884.— Capital stock, $540,000 ; funded debt, $130,-
000— total, $670,000. Contra : Cost of road, $610,900 ; rolling stock, $25,000 ; real estate and
buildings, $30,000; materials and fuel, $6,550.80.
Directors (elected November 20, 1885).— W. W. Weigley, Philadelphia, Pa.; F. L. Russ,
W. G. Mowry, New York City ; Alexander Sanger, T. L. Marsalis, Dallas, Tex. ; J. W.
White, Nashua, N. H.
JOHN L. HENRY, President Dallas, Tex.
Vice-President— J '. E.Schneider Dallas, Tex. Secretary and Auditor— W. H. Gleason.... Dallas, Tex-
Treasurer <fe Gen. Alan — W. G. Mowry Dallas, Tex. Gen. Superintendent— H.. R. Irvine Dallas, Tex-
PRINCIPAL OFFICE AND ADDRESS Dallas, Tex.
TEXAS WESTERN N. G. RAILWAY COMPANY. (In Progress.)
Line of Road. — Houston, Tex., to Presidio del Norte, Tex 600 miles
In operation : Houston, Tex., to Sealey, Tex 53 miles.
Sidings, etc., 1 mile. Gauge, 3 ft. Rail, 35 Ibs.
History. — Amended charter January 18, 1875. Opened to Patterson August 14, 1878.
This road was for a considerable time in the hands of the trustees. In 1880 the company was
reorganized. Road sold May 5, 1885, to satisfy a judgment. At Sealey connection is made
with the Gulf, Colorado and Santa Fe RR. The company has the usual State land grant of
10,240 acres per mile.
The road is in hands of a receiver since October, 1886, by order of United States court.
It had previously been in the hands of a receiver from June, 1884, to November 25, 1885, by
order of the State court.
Rolling Stock. — Locomotives, 2. Cars — passenger, 1 ; baggage, 1 ; freight, 41.
Financial Statement, December 31, 1883 (latest furnished). — The authorized capital stock
is $1,000,000, with privilege of increasing to $3,000,000. Funded debt — provision was made
for an issue at the rate of $12,000 per mile of 1st mortgage 6 per cent. 40-year gold bonds, to
become due February 1, 1922, interest to be payable February and August. No bonds yet
issued. Later information refused.
JOHN W. SMITH, Receiver Houston, Tex.
PRINCIPAL OFFICE AND ADDRESS Houston, Te
POOR'S MANUAL OF RAILROADS.. 795
THE KEOKUK AND HAMILTON BRIDGE COMPANY
The Keokuk and Hamilton Bridge Company owns the bridge across the Mississippi River
at Keokuk, Iowa, to Hamilton, Illinois, a substantial iron bridge built with a draw next the
Iowa stem.
The Keokuk and Hamilton Bridge Company is a consolidation of the Hancock County
Bridge Company, a corporation organized by the Legislature of the State of Illinois, approved
February 13, 1865, and of the Keokuk and Hamilton Mississippi Bridge Company, a corpora-
tion organized uuder the general incorporation laws of Iowa, January 15, 1886, at Keokuk,
Iowa.
By contract dated January 19, 1809, made between the Toledo, Peoria and Warsaw Rail-
road Company, the Des Moines Valley Railway Company, the Columbus, Chicago and Indiana
Central Railway Company, and the Toledo, Wabash and Western Railway Company and the
Keokuk and Hamilton Bridge Company (the liability of the Columbus, Chicago and Indiana
Central Railway Company having been assumed by the Pittsburgh, Cincinnati and St. Louis
Railway Company and the Pennsylvania Railway Company by agreement signed for those
companies January 22, 1869), and by modification of said contract of Jan. 10, 1869, by a sup-
plemental agreement January 6, 1871, it was agreed that the Keokuk and Hamilton Bridge
Company should build, maintain and operate the bridge and pay taxes and expenses of
operation, and the other four parties should use it in perpetuity, and pay tolls for use as by
a schedule made part of the agreement. And should any deficency arise in the income of
the bridge to produce a sufficient amount to pay operating expenses and 8 per cent, interest
on $1,000,000 of bonds issued for construction, that the four parties each for itself and not
for the others should pay one-fourth part of the deficiency, settlements to be made each six
months.
Since that time the Des Moines Valley Railway Company, the Toledo, Peoria and West-
ern Railroad Company, and the Toledo, Wabash and Western Railroad Company have all
become insolvent and passed out of existence, and no longer pay the deficiency acquired by
the agreement. The Toledo, Peoria and Western Railroad Company (the present owner of
the Toledo, Peoria and Warsaw Railroad) and the Wabash, St. Louis and Pacific Railroad
Company (the present owner of the Toledo, Wabash and Western Railroad) are the only com-
panies which use the bridge for railway purposes. The bridge is also used for wagon and
foot passengers.
The Pittsburgh, Cincinnati and St. Louis Railroad Company and the Pennsylvania Com-
pany were sued in the United States Circuit Court for deficiency under the contract of Janu-
ary 19, 1869, and its modifications; and judgments being entered against them for one-fourth
the deficiency, the defendants appealed to the United States Supreme Court and the case is
now there pending.
Financial Statement, — Capital stock, $1,000,000; funded debt, 8 per cent, bonds, $1,-
000,000.
Directors.— Andrew Carnegie, A. G. Agnew, David Stewart, James F. Secor, W. M.
Spackman, George J. Forrest, William Paton, H. A. Johnson, Theodore Oilman.
ANDREW CARNEGIE, President Pittsburgh, Pa.
Theo Oilman, Secretary and Treasurer New York, N. V.
PRINCIPAL OFFICE AND ADDRESS 62 Cedar St., New York, N. Y.
TUNNEL RAILROAD OF ST. LOUIS.
Length of Tunuel about 1 mile.
History. Formerly St. Louis Tunnel Railroad, which was sold under foreclosure, and a
new company formed under the title of Tunnel Railroad of St. Louis, with a capital of $1,250,-
000 divided into shares of $100 each. On July 1, 1881, this company leased its road and
property to the Wabash, St. Louis and Pacific and the Missouri Pacific Hy. Cos., which agree
796 POOR'S MANUAL OF RAILROADS.
to pay as rental an annual dividend of 6 per cent, on the capital stock, to pay $2,500 a year
for expenses of organization, to provide and maintain offices in New York and St. Louis, and
to pay all expenses of advertising, etc., etc.
Date of annual meeting and of closing books same as for St. Louis Bridge Co. Stock and
bonds listed on London Stock Exchange.
JULIUS S. WALSH, President St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS , St. Louis, Mo.
UNION DEPOT COMPANY OF KANSAS CITY, MO.
Yard tracks About 2.45 miles.
Gauge, 4 ft. 8^ in. Rail (steel), 56 and 60 Ibs.
History, — Incorporated November 29, 1875; depot opened April, 1878. Shortly after
its incorporation this company made contracts with the railroads, stockholders, intending to
use the property, and issued $210,000 in first mortgage 8 per cent, bonds, due 1899. The
contracts provided that the railroads should pay an amount equal to 10 per cent, of this sum
per annum ($21,000) in monthly instalments as a fixed rental, out of which the bonded inter-
est should be paid, and the remainder create a sinking fund for the annual redemption of a
certain amount of these bonds as required by the mortgage ; also that they should pay all
operating expenses and taxes on monthly bills being rendered for the same, but that all mis-
cellaneous revenues of the property should first be applied to the payment of these expenses.
By authority of the board of directors, however, this miscellaneous revenue has been retained
and partly applied on new construction ; stock dividends have been made on this account,
and although the surplus is at present $127,955.22, it will have to be used in the purchase of
more ground to give necessary track room.
This matter has been taken up with the Hannibal and St. Joseph RR. Co., and it is prob-
able that arrangements will be perfected by which the land can be secured during the pres-
ent year.
Income Account, December 31, 1886. — Receipts — rents, $21,000 ; miscellaneous, $59,-
090.16 ; from railroads for expenses, $102,485.48— total, $182,575.64. Operating expenses,
$102,485.48. Net income, $80,090.16. Payments— Interest on bonds, $13,420 ; sinking fund,
$7,580— total, $21,000. Balance, surplus, $59,090.16; surplus from last year, $68,865.06—
total, $157,955.22.
General Balance Sheet, December 81, 1886.
Construction $357,527 32
Improvements, etc 70,831 34
Bills Receivable 85,000 00
Current Accounts 34,267 45
Cash 29,16581
Total Assets $576,791 92
Capital Stock $210,00000
Funded Debt 166,000 00
Current Accounts 8,30596
Sinking Fund 6,071 55
Dividends Due 58,459 19
Profit and Loss. . . 127,955 22
Total Liabilities $576,791 92
Funded debt consists of 1st mortgage 8 per cent. 22-year $1,000 coupon bonds, due July 1,
1899, interest payable January, April, July, and October, at National Webster Bank, Boston,
Mass. Annual meeting, second Tuesday in January. Trustees of bonds, Charles F. Adams,
George W. Weld, George H. Nettleton.
Directors (elected January 11, 1887).— George H. Nettleton, F. B. Drake, Kansas City,
Mo.; C. H. Chappell, A. Kimball, Chicago, 111.; A. A. Talmage, St. Louis, Mo.; W. F. Mer-
rill, St. Joseph, Mo.; S. E. Crance, Brookfield, Mo.; C. W. Smith, Topeka, Kan.; S. T. Smith,
Omaha, Neb.
GEORGE H. NETTLETON, President Kansas City, Mo.
Secretary— V? . J. Ferry Kansas City, Mo. | Treasurer— C. C. Ripley Kansas City. Mo.
Superintendent— C. L. Dunham Kansas City, Mo.
PRINCIPAL OFFICE AND ADDRESS Kansas City, Mo.
POOR'S MANUAL OF RAILROADS. 797
WIGGINS FERRY COMPANY.
History.— This company was chartered February 11, 1853, and operates the following
railways, terminals and car transfers: East St. Louis Connecting Ry., Venice and Carondelet
Belt Ry., Illinois and St. Louis Railway Terminal, Wiggins Car Transfer, Madison County
Car Transfer, Illinois and St. Louis Car Transfer. The company owns freight yard and tracks
in St. Louis, Mo., as follows : Mound Street Yard, 16,646 feet ; Choutcau Avenue Yard, 4,640
feet ; Carroll Street Yard, 9,590 feet— total, 30,870 feet, or 5.85 miles. Car transfer started
in 1870. Besides the car transfer, the company operates 6 ferry boats between St. Louie, Mo.,
and East St. Louis, 111. Equipment Owned. — Car transfer steamers, 4 ; car transfer barges,
4 ; tugs, 2 ; ferryboats, 6 ; ferry wharf boats, 6. During the past fiscal year the accounts of
the different departments of the company were not kepi separate, therefore an account of the
operations of the " car transfer " department cannot be rendered.
Financial Statement.— Capital stock (par, $100), $1,000,000. No bonds issued. Annual
meeting, second Tuesday in May ; books close ten days prior thereto. Dividends payable
quarterly at St. Louis, Mo.; books close ten days prior to payment of same.
Directors (elected May 11, 1887).— John Sculleu, F. L. Ridgely, A. C. Church, R. J.
Lackland, Charles Wiggins, St. Louis, Mo.
JOHN SCULLIN, President St. Louis, Mo.
A.. C. Church, Vice- President St. Louis, Mo.
Secretary and Treasurer— H.. L. Clarke.. St. Louis, Mo. | Manager— H. W. Gays St. Louis, Mo.
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
GROUP 7.— Railroads of the Northwestern States : Iowa, Minnesota, Nebraska, Dakota, Wy-
oming and Montana.
BLACK HILLS AND FORT PIERRE RAILROAD COMPANY.
Line of Road.— Golden Gate, Dak., to Elk Creek, Dak 15 miles.
Sidings, 2 miles. Gauge, 3 ft. Rail (steel, 5 miles), 30, 35 and 40 Ibs.
History. — This road is not operated during the months of February, March, April and
May.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 1 ; platform and coal, 60.
Operations for eight mouths ending June 30, 1886. — Train mileage (mixed), 36,000
miles. Earnings— passenger, $672.75; freight, $68,964.65; other, $793.56— total, $70,435.-
96. Expenses— maintenance of way, $43,857.95; right of way, $650 ; taxes, $2,556.91— total,
$81,686.30. Deficit, $11,250.34. Surplus from last year, $61,195.01— net surplus, $49,944.67.
Financial Statement, June 30, 1886.— Capital stock ($500,000 authorized), $300,000.
Cost of road and equipment, $'300,000.
Annual meeting in June.
Directors. — Geo. Hearst, Jas. B. Haggin, San Francisco, Cal.; Thos. J. Grier, D. K.
Dickinson, Lead City, Dak.; G. C. Moody, Deadwood, Dak.
GEO. HEARST, President San Francisco, Cal.
Secretary and Supt.— Thomas J. Grier.. Lead City, Dak. | Treasurer— James B. Haggin San Francisco, Cal .
PRINCIPAL OFFICE AND ADDRESS Lead City, Dakota.
BURLINGTON AND NORTHWESTERN RAILWAY COMPANY.
Line of Road.— Mediapolis, la., to Washington, la .38.77 miles.
Sidings and other tracks, 3.48 miles. Gauge, 3 ft. Rail, 30 Ibs.
The company also owns a third rail on the Burlington, Cedar Rapids and Northern RR.,
between Mediapolis and Burlington, 13.53 mile* (rail, 50 Ibs.), by means of which the lin.> i-
carried into Burlington, making the total length operated 52.30 miles. The company has
798 POOR'S MANTTAL or RAILROADS.
also laid down and is using 0.3 mile of siding on depot grounds belonging to B., C. R. & N.
RR. Co.
History. — Organized March 3, 1875 ; road opened from Burlington to Winfield, 33.80
miles, December 31, 1876; to Crawsfordsville, 41.93 miles, December 25, 1878; to Washing-
ton, 52.90 miles, January 4, 1880.
Rolling Stock. — Locomotive engines, 3. Cars — passenger, 3 ; freight (box and stock,
52 ; coal and platform, 3), 55 ; others, 14 — total, 72. Of the above 1 locomotive is leased.
Operations for year ending June 30, 1886.— Train mileage, 37,332 miles. Passengers
carried, 16,172 ; carried one mile, 383,719 ; average mile rate, 2.46 cents. Tons freight
moved, 17,858 ; moved one mile, 640,991 ; average ton-mile rate, 0.435 cent. Earnings — pas-
senger, $9,427.26 ; freight, $27,909.91 ; mail and express, $3,085.34— total, $40,422.51. Ex-
penses— maintenance of way, $13,566.96; rolling stock, $3,686.01; transportation, $11,746.91;
miscellaneous, $6,515.31 — total, $35,515.19. Net earnings, $4,907.32. Payments : Interest,
$16,931.25 ; rental, B., C. R. & N. Ry. Co., $4,161— total, $21,092.25. Deficit, $16,184.93 ;
deficit from last, $48,339.44— total, $64,524.37.
Financial Statement, June 30, 1886.— Capital stock (authorized, $3,000,000), $143,191.41;
funded debt (1st mortgage 7 per cent. 10-year coupon bonds, due August 1, 1889, interest
February and August, $120,000 ; 2d mortgage 8 per cent, coupon bonds, due August 2, 1886,
interest May and November, $100,000), $220,000; donations, $52,332.13; earnings, $40,422.51;
due connecting lines, $774.32 ; accounts and bills payable, $84,460.57— total, $541,180.94 ;
Contra : Cost of road,[$331, 019.40; equipment, $63,752.43; interest and exchange, $52,435.25;
accounts and bills receivable, $17,795.16; operating expenses and taxes, $39,676.19; supplies,
$5,249.35 ; cash and other assets, $3,727.71 ; income account, $25,948.80.
Annual meeting, third Wednesday in June. Interest on bonds payable at company's
office, Burlington, la. Trustees of bonds, Lyman Cook and T. W. Barhydt, Burlington, la.
Directors.— E. D. Rand, Lyman Cook, W. W. Baldwin, T. W. Barhydt, John T. Remey,
H. Herminghaus, Geo. C. Lauman, George Millard, C. P. Squires^H. C. Garrett, J. W. Blythe,
H. B. Scott, Burlington, la.; A. W. Chilcote, Norman Everson, Washington, la.; J. T. Da-
vison, Winfield, la.
T. W. BAKHYDT, President Burlington, la.
John T. Remey, Vice-President Burlington, la.
Secretary and Treasurer— ~R. M. Green. .Burlington, la. | Superintendent— -E. 8. Edger Burlington, la.
Auditor— J. A. Ostrander Burlington, la.
PRINCIPAL OFFICE AND ADDRESS Burlington, la.
BURLINGTON AND WESTERN RAILROAD COMPANY.
Main Line of Road. — Winfield, Iowa, to Oskaloosa, la 70.70 miles.
T co A ( Burlington and N. W. MR.: Winfield to Mediapolis ) QQ an mii^
: \Burlington C. R. and N. RR.: Mediapolis to Burlington f •
Total length of line operated June 30, 1886 104.50 miles.
Sidings, 3 miles. Gauge, 3 ft. Rail, 35 Ibs. per yard.
History. — Chartered June 7, 1881 ; road opened to Martinsburg, 47.2 miles, in October,
1881 ; to Oskaloosa in 1884. This road was formerly operated by the Burlington and North-
western RR. Co.
Rolling Stock, — Locomotive engines, 4. Cars — passenger, 2 ; baggage, mail, and ex-
press, 2 ; freight (box, 90 ; stock, 20 ; coal, 30), 140— total, 144. Also, 18 service cars. Of
the above, 1 locomotive and 20 box cars are leased.
Operations for year ending June 30, 1886. — Train mileage — passenger, 67;779 ; freight,
67,290; other, 2,982— total, 138,051 miles. Passengers carried, 23,954; carried one mile,
468,890 ; average mile rate, 2.50 cents. Tons freight moved, 26,230 ; moved one mile, 1,430,-
106 ; average ton-mile rate, 2.50 cents. Earnings — passenger, $11,726.31 ; freight, $35,727.-
80 ; mail and express, $4,757.54 ; other, $160 — total, $52,371.65. Expenses— maintenance of
way, $14,078.52; motive power and cars, $5,456.41 ; transportation, $27,214.17 ; miscellane-
POORS MANUAL OF RAILROADS.
799
ous, $8,111.52— total, $54,860.62. Deficit, $2,488.97; add $150 received from Oskaloo&a sub-
Bcription— total, $2,688.97. Payments : Interest on funded debt, $59,962 ; other interest,
$898.95— total deficit, $26.671.78.
General Balance Sheet, June 80, 1886.
Construction $1,842,647 86
Equipment 92,571 36
Operating Expenses 51,97205
Interest and Exchange 519 12
Cash and Contingent, Account 3,596 36
Accounts and Bills Receivable 2,909 56
Due from Agents, etc 1,669 34
Supplies 61 63
Taxes 2,888 57
Bond Interest 59,962 00
Income Account 23,482 15
CapitalStock $866,801 82
Funded Debt 571,201 21
Earnings 52,221 65
Local Aid 8,190 20
Due Agents, etc fl04 18
Accounts and Bills Payable 92,96082
Total Assets $1,582,17988 Total Liabilities $1,582,179
Funded debt consists of first mortgage 7 per cent, bonds, due August 1, 1906.
Annual meeting third Wednesday in June.
Directors (elected June 17, 1885).— T. W. Barhydt, C. P. Squires, E. D. Rand, J. W.
Blythe, H. B. Scott, Burlington, Iowa.
T. W. BARHYDT, President Burlington, la.
C. P. Squires, Vice-President Burlington, la.
General Superintendent— 1£. S. Edger. . .Burlington, la. I Secretary and Treasurer— ~R. M. Green.. .Burlington, la.
Auditor— 3. A. Ostrander Burlington, la.
PRINCIPAL OFFICE AND ADDRESS Burlington, la.
BURLINGTON, CEDAR RAPIDS AND NORTHERN RAILWAY COMPANY.
Main Line of Road. — Burlington, la., to Albert Lea, Minn 253 miles.
Milwaukee Division : Linn, la., to Postville, la 94 miles.
Decorah Division : Postville J unction, la., to Decorah, la 23 miles.
Muscatine Division : Muscatine, la., to Riverside, la 31 miles.
Pacific Division : Vinton, la. , to Holland, la 48 miles.
Iowa Falls Division : Holland, la., to Watert'n, Dak., Sioux Falls, Duk., & branc's.430 miles.
Clinton Division : Clinton, la., to Elmira, la., and branches 81 miles.
Iowa City Division : Iowa City, la., to What Cheer and Montezuma, la 73 miles.
Waverley Division : Waverley Junction, la., to Waverley, la 6 miles.
Total length of lines (owned absolutely, 402.08 miles), December 31, 1886 1,039 miles.
Sidings, etc., 79.20 miles. Gauge, 4 ft. 8£ in. Rail— iron, 50 to 56 ; steel (458.50 miles), 52
Ibs.
History. — The Burlington, Cedar Rapids and Minnesota Railroad Company was formed
June 30, 1868, by the consolidation of the Cedar Rapids and Burlington Railway Company
aud the Cedar Rapids and St. Paul Railroad Company. It had authority to build about 330
miles of road, extending from Burlington, la., to Mankato, Minn. Stock and bonds were
authorized at the rate of $20,000 each per mile. Construction was immediately begun, aud
the main line opened from Burlington to Cedar Falls, la., 163 miles, on February 1, 1871.
Extended 55.5 miles, to Plymouth, in 1872. In November, 1872, the Muscatine division was
completed. In 1873 the company completed the Milwaukee division ; also 24 miles of the
Pacific division, from Vinton to Traer. Total mileage at close of 1873, 367.5 miles. On No-
vember, 1873, default was made on main line bond interest. Defaults on other issues fol-
lowed. Application for a receivir May 18, 1865. Receiver appointed July 15, 1875. Bonds
of the company to the amount of $10,200,000 had been issued on the several divisions of the
road, as follows : Main line, $5,400,000 ; Milwaukee division, $2,200,000; Pacific division.
$1,800,000 ; Muscatine division, $800,000. On June 19, 1876, the bondholders organized the
present company on a basis of $10,000,000 stock and $6,500,000 first mortgage 5 per cent.
800 POOR'S MANUAL — BURLINGTON, CEDAR RAPIDS AND NORTHERN RY. CO.
bonds. The securities were issued in extinguishment of the old mortgages at the rate of
$800 in bonds and 7 shares of stock for each main line bond, $500 in bonds aud 5 shares
of stock for each Milwaukee division bond ; $250 in bonds and 2| shares of stock for each
Pacific division bond ; $300 in bonds and 3 shares of stock for each Muscatine division bond.
The road was sold under foreclosure June 22, 1886, and purchased by the new company.
Possession taken July 1, 1876. In September, 1877, the main line was opened through to
Albert Lea, Minn., by closing up the gap between Plymouth and Manly Junction, 6 miles ;
also that between Northwood and the Minnesota line, 5 miles. Between Manly Junction and
Northwood, 11 miles, the tracks of the Iowa Central Ry. are used under a 25-years contract.
From State line to Albert Lea, 12.5 miles, the road is leased in perpetuity from the Minneap-
olis and St. Louis Ry. Co., on guaranty of $150,000 bonds. When these bonds are paid off
it becomes the property of this company. Total length of main line owned absolutely,
229.25 miles. In October, 1887, the Pacific division was extended from Traer to Holland,
24.5 miles. •
The Chicago, Clinton and Western Ry, Co. was organized to build a road from Clinton to
Iowa City. It was completed and put in operation from Elmira to Iowa City, 9.75 miles, in
1878. From Clinton westward 17 miles of track were also laid, and the grading on the bal-
ance of the road was far advanced. Sold under foreclosure in July, 1878, and purchased by
the Burlington, Cedar Rapids and Northern RR. Co., for $162,798.77. The Cedar Rapids and
Clinton Ry. Co. was organized to complete the road. Completed Clinton to Noel, 23.5 miles,
in 1881 ; from Noel to Elmira City, 45.89 miles, with branch 2.74 miles to Cedar River stone
quarries, in 1884. Leased in perpetuity to the Burlington, Cedar Rapids and Northern RR.
Co. on guaranty of bonds.
The Iowa City and Western Ry. Co. built the Iowa City division. It was opened from
Iowa City through Riverside to What Cheer, in December, 1879. In the following year it
was extended to Montezuma. The Burlington, Cedar Rapids and Northern obtained perpetual
control of the company in 1878. It guarantees the bonds of the Iowa City and Western.
The Cedar Rapids, Iowa Falls and Northwestern Ry. was opened from Holland to Clarion,
la., 55 miles, in November, 1880. In June, 1881, it was leased in perpetuity to the Burling-
ton, Cedar Rapids and Northern RR. Co., on guarantee of bond interest. Extended from
Clarion to Emmittsburg, 58 miles, in 1881 ; to Worthington, Minn., 69 miles, in 1882 ; and
from Spirit Lake, Minn., to Watertown, Dak., 164.12 miles, with a branch from Dows to
Madison, la., 41.07 miles, in 1884. In 1886, 43.6 miles of road was built from Ellsworth
Station, Minn., to Sioux Falls, Dak. Total length from Holland, la., to Sioux Falls, Dak.,
with branches from Lake Park, la., to Worthiugtou, Minn., and from Dows to Madison,
la., 430 miles.
The Chicago, DecoraJi and Minnesota RR. was built from Postville to Decorah, la.-,
23.25 miles, in 1884. Leased in perpetuity to the Burlington, Cedar Rapids and Northern
RR. Co., which guarantees principal and interest of bonds.
Traers to Holland, 23 miles ; Plymouth to Manly, 6 miles, and Northwood to State line,
5 miles, in all 34 miles, are not covered by any mortgage. At a meeting April 9, 1884, it was
voted to increase the authorized amount of capital stock to $30,000,000, also to issue general
mortgage bonds in exchange for the divisional mortgages.
The Waverley Short Line Ry., running from Waverley Junction, a point on the main
line 3 miles north of Winslow, to Waverley, a distance of 5.7 miles, was opened for busi-
ness July 1, 1886, and is operated under lease by this company. To provide the means for
the construction of this cut-off, the Burlington, Cedar Rapids and Northern Ry. Co. tempo-
rarily advanced $20,878.68, which is secured by a mechanic's lien on the whole property pend-
ing the repayment of the loan by the collection of the local |id voted to the Waverley Com-
pany. In the meantime the whole of the revenue is retained in the lessee's treasury.
Rolling Stock, December 81, 1886. — Locomotive engines, 104. Cars— passenger, 31 ;
chair, 2; directors', 1; pay, 1; baggage, mail aud express, 8; combination, 14; baggage and
fruit, 7 ; refrigerator, 20; way, 60; freight (box, 3,048; stock, 120; platform and coal, 695),
POOR'S MANUAL— BURLINGTON, CEDAR RAPIDS AND NORTHERN RY. CO. 801
3,863— total, 4,007. Also, 309 hand and rubble cars, 2 iron trucks, 14 snow plows, 3 flangerf,
1 bridge burfding train, and 1 wrecking train.
Operations for year ending December 31, 1886. — See tabulated statement below.
Earnings.— Passenger §602,485 28
Freight 2,141,648 29
Mail and Express 124,977 84
Miscellaneous 4,200 00
Expenses.— Maintenance of Way $631,745 68
Motive Power and Cars 727,851 66
Transportation 562,606 99
Miscellaneous and Taxes 210,199 22
Total ($2,823.20 per mile) $2,933,309 36 Total ($2,052.36 per mile) $2,132,403 64
Net earnings (27.30 per cent.), $800,905.82 ; income from cash assets of last year, $271,-
640,47; other income, $63,252.23— total income, $1,135,798.52. Paid interest on bonds, $749,-
898.19; expended on improvements, equipment, real estate, leased lines, etc., $143,212.03 —
total, $893,110.22. Balance, surplus, $242,688.30, representing excess of cash and cash .lapets
($299,945.96) over increase in unfunded debt ($6,703.68) and decrease in material account
($50,553.98).
Statement of operations, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles Operated (average)
Passenger Train Miles . .
Freight Train Miles
Passengers Carried
Passenger Miles
424.58
375,907
491,226
253,107
8,926,588
611,999
43,122,953
$
300,531
1,038,526
48,905
496.63
425,599
931,617
319,033
11,333,119
1,144,775
100,442,048
$
362,160
1,633,498
57,823
564.33
501,270
1,082,271
439,508
14,876,355
1,372,205
114,714,209
$
422,014
1,782,521
54,502
637.94
775,642
1,767,871
584,740
27,277,487
1,837,854
174,906,905
$
639,506
2,092,679
68,497
701.70
773,924
1,537,224
550,554
28,181,968
1,386,854
150,072,936
t
654,746
2,117,949
90,860
774.00
828,725
1,617,856
556,029
26,214.905
1,609,687
181,032,298
$
666,922
2,024,175
132,534
990.56
969,051
1,851,388
627,214
28,348.874
1,852,089
194,267,322
s
691,174
2.284,5-12
201,595
1,003.44
1,009,645
1,721,229
606,235
28,042,968
1,790,243
191,926,858
$
662,485
2,141,646
129,178
Freight (tons) Moved *. .
Freight (ton) Miles*.. .
Passenger Earnings
Freight Earnings
Miscellaneous Receipts . .
Gross Earnings
1,387,961
950.658
2,053,481
1,343,724
2,259,037
1,626,851
2,800.682
1,883,681
2,863,555
1,968,178
2,823,631
1,944,940
3.177,311
2,189,543
2,933,309
2,132,403
Operating Expenses
Net Earnings
437,303
335,513
709,757
367,420
632,186
424,563
917,001
48^,624
895,377
516,130
878,691
573,663
987,708
742,275
800,906
749.898
Interest on Bonds
Surplus Revenue.
101,790
3,321 77
2,239 05
1,08272
68.49 p. c.
3.37 c.
2.14 c.
8
5,500,000
6,050,000
193,797
342,337
4,134 83
2,705 69
1,429 14
65.43 p. c.
3.19c.
1.62C.
$
5,500,000
8,059,000
175,441
207,623
4,003 04
2,882 79
1,120 25
72.01 p. c.
2.83c.
1.55c.
$
5,500,000
9,059.000
365,881
432,377
4.390 20
2.952 75
1,437 45
67.26 p. c.
2.34c.
1.19c.
$
5,500,000
9,964,000
455,552
379,248
4,080 88
2,804 87
1,276 01
68.73 p. c.
2.32c.
1.41 c.
$
5,500,000
9,964,000
591,170
305,028
3,648 10
2,512 84
1,135 26
68.88 p. c.
2.54 c.
1.12c.
$
5,500,000
14,630,1100
226,847
2,656,W4
1,021,438
245.493
3,207 59
2,210 41
997 13
68.91 p. c.
2.44c.
1.18C.
$
5,500,000
14,630,000
226,926
2,656,044
1,422,836
51,008
2,823 20
2,052 36
770 84
72.70 p. c.
2.36 c.
1.12c.
$
5,500,000
14,680,000
333,630
2.857,004
1,322,308
Gross Earnings per Mile .
Gross Expenses per Mile.
Net Earnings per Mile. . .
Expenses to Earnings ....
Av. Rate p. Pass. p. M. ..
Av. Rate p. Ton p. M *. . .
Capital Stock
Funded Debt
Bills and Accounts
Improvements Fund
Income Account
1,700,280
2,098,732
2,252,966
2,8x4,4*52
3,283,812
Total
14,049,077
12,448,766
228,441
13,961
671,223
196,042
455,360
35,284
15,833,173
14,494,827
428,610
8,920
536,143
99,989
161,669
103,015
17.178,847
16,098,122
290,520
10,604
424,563
ias,47i
144,604
26,963
18,744,014
17,355,819
444,545
110,929
484,624
204,477
118,824
24,796
19,338,982
17,702,099
413,735
245,295
516,130
188,611
173,447
39,665
24,034,329
22,438,497
84,634
434,784
573,603
240.586
89,271
172,894
24,435,806
22,673,474
137,775
450,422
742,275
154,219
93,706
177,905
24,692,942
23,261,820
48,648
228,965
749,898
103,665
232,409
67,537
Roads and Equipment . . .
Improvements, etc
Other Investments
Interest Paid
Materials
Accounts and Assets
Cash
Total
14,049,077
15,833,173
17,178,847
18,744,014
19,338,982
24,034,329
24,435,806
24,692,942
The figures in the column for 1880 are for eighteen months, to December 31, of that year. Previously the
fiscal years closed on the 30th of June. * Only paying freight is included in the above table.
Statement of funded debt, December 31, 1886 :
Description.
Interest.
Date.
Due.
Amount.
1st Mortgage, B., C. R. & N. Ry
5 p. c. June & Dec .
7 p. c. June & Dec.
7 p. c. May & Sept.
6 p. c. April & Oct. .
5 p. c. April & Oct..
5 p. c. April & Oct. .
June 1, 1876
June 1, 1906
June 1, 1898
Sept. 1, 1909
Oct. 1, 1920
Oct. 1, 1921
A prill, 1934
$6,500,000
150,000
584,000
825,000
1,905,000
4,716,000
1st Mortgage, M. & St. L. RR., gold, guaranteed
1st Mortgage, I. C. & W. Ry., gold, guaranteed
Sept. 1, 1879
Oct. 1, 1880
Oct. 1, 1881
April 1,1884
1st Mortgage, C. R., I. F. & N. W., gold, guaranteed
1st Mortgage, C. R., I. F. & N. W., gold, guaranteed . .
Consolidated Mortgage, B., C. R. & N. Ry
51
802 POOB'S MANUAL — BURLINGTON, CEDAK RAPIDS AND NORTHERN RE. CO.
General Balance Sheet, December 81, 1886.
Capital Stock
FundedDebt
Vouchers, Pay -Rolls and Coupons
Additions, Improvement and Equipment.
Net Earnings for Year
Lots Leased and Sold
Miscellaneous Receipts ;
Balance Income Account. . .
$5,500,000 00
14,680,000 00
333,689 82
2,857,003 73
800,905 82
2,091 05
61,161 18
458,150 77
Cost Road, etc., Consol. Co. Jan. 1, 1886.. §14,692,787 48
Cost Leased Lines to January 1, 1887 :
Iowa, C. & West. Ry . . . . $646,896 34
C. Rapids and Clinton. . . 1,275,489 13
Chi., Decorah and Minn.. 393,992 15
C. R., la. Falls & N. W. . 6,252,655 35- 8,569,032 94
Improvement and Equipment in 1866 48,647 63
Other Expenditures 8,278 74
Interest Paid in 1886 749,898 19
Railroad Bonds Owned 505 00
Real Estate 199,303 03
Materials and Fuel 103,664 72
Waverley Short Line 20,878 68
Sundry Assets 232,409 48
Cash on Hand 67,53648
Total Assets $24,692,942 37 Total Liabilities $24,692,942 37
The company's report presents no regular Profit and Loss account, the net earnings and
payments therefrom being credited or charged directly to General Balance Sheet.
The 5 per cent. 1st mortgage bonds of the B., C. R. & N. Ry. are secured on 369.5 miles
of road, including the main line from Burlington to Plymouth Junction, 219.7 miles, the
Muscatiue division, the Decorah division, and 25 miles of the Pacific division, from Vinton to
Traer. From 1 to 5,000 are $1,000 bonds ; the balance $500 each. They are coupon bonds
with privilege of registration. Redeemable by action of sinking fund of 1 per cent, per
annum in 1906. Farmers' Loan and Trust Co., Trustees. Listed on New York Exchange.
Also quoted at London and Glasgow.
The Minneapolis and St. Louis bonds are secured on 12£ miles from Albert Lea to Iowa
State line. Listed on New York Exchange.
The I. C. & W. bonds are mortgage on 73 miles, from Iowa City to Montezuma and What
Cheer. They are $1,000 gold coupon bonds. Listed on New York Exchange, $456,000.
The C. R., I. F. & N. W. 6 per cent, bonds are mortgage on 55 miles of road, from Hol-
land to Clarion, la. They are $1,000 gold bonds, redeemable after 1890. Listed on New
York Exchange.
The C. R., I. F. & N. W. 5 per cent, are mortgage on 387 miles, from Holland, la., to
Watertown, Dak., including branches. They are $1,000 gold bonds. Listed on New York
Exchange. See below.
The B., C. R. & N. consols are issued at the rate of $15,000 per mile of single track and
$7,500 additional per mile of double track, to build new roads, and are secured by first mort-
gage bonds of roads built as follows : $3,063,000 5 per cent, bonds C. R., I. F. & N. W. (in
addition to above $1,905,000); $1,200,000 Cedar Rapids and Clinton bonds, on 81.6 miles ;
$348,000 Chicago, Decorah and Minnesota bonds, on 23.75 miles. The consols are intended
to retire all prior issues. They are $1,000 gold registered or coupon bonds. Principal of
coupon bonds may be registered or exchanged for $5,000 registered certificates. Listed on
New York Exchange.
Annual meeting, last Tuesday in May. Stock, $5, 500, 000, 'listed on New York Exchange.
Interest on all issues of bonds payable at Central Trust Co., New York.
Board of Directors B., C. R. & N. Ry. Co., elected May 25, 1886.
J. C. Peasley Chicago, 111. E. S. Bailey Clinton, la.
C. Lynde Rock Island, 111. C. P. Squires Burlington, la.
J. N. Dewey Des Moines, la. Lyman Cook Burlington, la.
R. R. Cable Chicago, 111. F. H. Griggs Davenport, la.
Muscatine, la.
C. J. IVES, President Cedar Rapids, la.
R. Williams, Vice-President Cedar Rapids, la.
Treasurer— B.. H. Hollister New York, N. Y. | Sec. & Asst. Treat.— S. S. Dorwart.... Cedar Rapids, la.
Auditor— C. J. Broeksmit Cedar Rapids, la.
PRINCIPAL OFFICE AND ADDRESS Cedar Rapids, la.
Fiscal Agency in New York Central Trust Company.
C. J. Ives Cedar Rapids, la.
T. J. Potter Chicago, 111.
C. D. Close Iowa City, la.
J. W. Blythe Burlingtou, la.
J. Carscaddan
POOR'S MANUAL OP RAILROADS. 803
CEDAR FALLS AND MINNESOTA RAILROAD COMPANY.
Line of Road.— Cedar Falls, la., to Mona, on Minnesota State Line 75.58 miles.
Sidings, etc.. 8.06 miles. Gauge, 4 ft. 8* in. Kail, 45 to 50 Iba.
History.— Road opened May 31, 1870. Leased to Dubaque and Sioux City RR. Co. for
40 years from January 1, 1867, at $7,500 per mile, and a contingent 85 per cent, of gross
earnings from $3,500 to $7,000, and of 80 per cent, of gross earnings over $7,000 per mile.
Lease assumed by Illinois Central RR. Co., October 1, 1867, and road since operated by that
company.
Financial Statement, June 30, 1886.— Capital stock, $1,586,500 ; funded debt 1st mort-
gage (61.58 miles) 7 per cent, sinking fund 40-year bonds, due January 1, 1907, interest,
January and July, $1,377,000 ; extended 6 per cent, bonds, $80,000 ; cancelled bonds in sink-
ing fund, $170,000; sundry accounts, $13,934.11— total liabilities, $3,177,484.11. Contra:
Cost of road, etc., $3,173,500; sinking fund and other accounts, $3,934.11. The 1st mort-
gage on the line between Waverley and the Minnesota Line is also a 2J mortgage on the line
between Waverley and Waterloo.
Directors (elected second Monday in April). — J. Kennedy Tod, New York City ; C. W.
Benson, Sibley, la.; John Crerar, Chicago, 111.; H. O. Northcote, New York, N. Y.; John
Kean, Jr., Elizabeth, N. J.
J. KENNEDY TOD, President 63 William Street, New York, N. Y.
H. 0. Northcote, Vice-President. .' New York, N. Y.
C. H. Booth, Secretary and Treasurer Dubuque, la.
PRINCIPAL OFFICE AND ADDRESS Dubuque, la.
CEDAR RAPIDS AND MARION RAILWAY COMPANY.
Main Line of Road. — Cedar Rapids, la., to Marion, la .................... 6
City Lines : In Cedar Rapids, la ............................................. 5 — 11 miles.
3d track, 1 mile. Gauge, 4 ft. 8| in. Rail, iron, 22, 28, and 35 Ibs.; steel (5 miles), 35 Ibs.
History.— Chartered March 8, 1879 ; road opened in 1882.
Roiling Stock. — Motors, 3. Cars — passengers, 10 ; baggage, etc., 1.
Operations for year ending June 30, 1886. — Passenger trains run — not reported. Earn-
ings — passenger, $35,466.25 ; mail, $856.36— total, $36,322.61. Operating expenses and taxes,
$19,544.88. Net earnings, $16,767.73. Paid interest on bonds, $1,750; dividends, $6,600 ;
other interest, $1,182.35— total, $9,532.35. Balance, surplus, $7,235.38.
Financial Statement, June 80, 1886.— Capital stock, $66,700 ; funded debt, 1st mortgage
7 per cent. 10-year coupon, $500 bonds, due June 1. 1893, $25,000 ; bills payable, $20,919.76 ;
unpaid vouchers and pay-rolls, $2,355.82 ; gross earnings, $36,322.61— total, $151,298.19.
Contra: Cost of road, $76,294.93; equipment, $20,380.05; real estate, $11,364.18; materi-
als and fuel, $354 ; Oak Hill Cemetery line, $8,285.98 ; other property and assets, $4,700.86;
bills receivable, $650 ; Geo. Greene, treasurer, $1,976.39 ; operating accounts, $22,487.23 ;
profit and loss, $4,804.57— total, $151,298.19.
On February 28, 1882, this company paid a stock dividend of 10 per cent, on $30,000
stock ; on November 25, 1885, a second stock dividend of 11 per cent, on $60,000, and in
1886 a third dividend of 11 per cent, on $60,000 stock.
Annual meeting, second Monday in January.
Directors (elected January 11, 1886).— William Greene, S. C. Bever, H. C. Blake, G. W.
Bever, C. G. Greene, Cedar Rapids, la. ; 0. T. Richmond, A. J. McKean, Marion, la.
WILLIAM GREENE, President ................... . ....... Cedar "Rapids, la.
O. T. Richmond, (deceased) Vice-President .................... Marion, la.
Secretary-^. B. Consiguy ............ Cedar Rapids, la. \ 7Veo*wr«r-Geo. Greene . ........ Cedar Rapids, la.
Cedar Rapids, la.
PRINCIPAL OFFICE AND ADDRESS ............................... Cedar Rapids, la.
804 POOR'S MANUAL OF RAILROADS.
CENTRAL IOWA RAILWAY COMPANY.
Main T {IIP* nf Rniil i A1bia' Ia-' to Northwood, la 189.48
Mam lilies ttoau.— -| Oskaloosa to Iowa juncliou> Iu 18:3.90-373.38 miles.
f Montczumn : G. and M. Junction to Montezuma 13.61
State Center : Newberg to State Center 26.64
Branches : < Story City : Minerva J unction to Story City 34.51
Belmond : Hampton to Belmond 22.20
[ Newton : New (Sliaron to Newton 27.75 — 124.71 miles.
T , ( Minn. & N. W. MR. : Manly Juuction to Lyle 20.20
: ( Mercer Co. Bridge Co.: Tracks at Mississippi River 2.57— 22.77 miles.
Trackage : Peoria and Pekin Union By.: Iowa Junction, 111., to Peoria, 111 3.50 miles.
Total length of line owned and leased 524.36 miles.
Average length of line operated during fiscal year 512.72 miles.
Sidings, etc., 63.61 miles. Gauge, 4 ft. 8£ in. Rail (steel, 251 miles), 56 and 60 Ibs.
History. — Chartered as Central RR. Co. of Iowa. Road completed in October, 1871.
Defaulted, and receiver appointed in 1873. Reorganized under present litle June 4, 1879.
The Peoria and Farmington RR. was purchased on completion in May, 1883. Of the main
line, 11.64 miles, from Manly Junction to Northwood, are leaded to the B., C. R. & N. RR.
Co., leaving the total length of lines operated by this company 512.72 miles. The present
company defaulted on its interest under the various mortgages, and E. L. Dudley was ap-
pointed receiver on December 1, 1886.
Rolling Stock, December 31, 1886. — Locomotive engines, 57. Cars — passenger, 21 ; bag-
gage, mail and express, 15 ; freight (box, 636 ; stock, 60 ; coal and flat, 887), 1,583 ; caboose,
18 — total, 1,637. Also 4 other cars. Of the above the following were acquired through
car trusts : Locomotive engines, 24. Cars — passenger, 6 ; baggage, mail and express, 5 ;
freight (box, 250 ; coal and flat, 300), 550— total, 561.
Operations for year ending December 31, 1886. — Train mileage (passenger, 449,031 ;
freight, 966,522), 1,415,553 miles. Total engine service, 1,701, 146 miles. Passengers carried,
323,854 ; carried one mile, 9,154,672. Tons freight moved, 773,688 ; moved one mile,
92,002,435.
Earnings,
for 11 months for month
ending Nov. 30, 1886. ending Dec. 31, 1886.
Passenger $234,767 91 £18,462 39
Freight 901,79477 102,63351
Mail 32,77649 3,13696
Express 11,26000 1,08000
Tot'l ($2,302.65 p.m.)$l,180,619 17 $125,312 86
Expenses,
11 months ending for month ending
Nov. 30, 1886. Dec. 31, 1886.
Transportation $484,20733 $51,41270
Motive Power 65,357 14 5,431 95
Maintenance of Cars 65,520 74 7,799 44
Maintenance of Way.... 291,71481 17,20846
Miscellaneous 150,78165 12,99478
Total (§2,062.69 p. m.). $1,057,581 67 §94,847 33
Net earnings for 11 months ending November 30, 1886 (10.42 per cent.), $123,037.50.
Add rental (B., C. R. & N. RR. Co.), $12,833.30 ; other receipts, $3,435.62— total available
revenue, $139,306.42. Payments : Interest on bonds, $624,672.49 ; car trust, $34,965 ; float-
ing debt, $22,114.97; rentals leased lines, $11,287.82; transportation certificates redeemed,
$15,422.20; other payments, $11,812.57— total, $720,275.05. Deficit for 11 months, $580,-
968.63. Surplus from 1885, $152,271.53. Net deficit, as per balance sheet, $428,697.10.
Net earnings for month ending December 31, 1886 (receiver's statement), $30,405.53.
Add rentals and other receipts, $1,424.17— total, $31,889.70. Payments : Rentals leased
lines, $1,067.88; construction, $2,568.51. Surplus, $28,253.31.
Financial Statement, November 30, 1886.— Capital stock (common, $8,080.800 ; pre-
ferred, $1,962,600), $10,043,400 ; funded debt, $9,552,369.74; bills payable, $179,338.75; cur-
rent accounts, $266,245.23; car trust certificates, $508,000; past due interest, $560,763.04;
transportation certificates outstanding, $359,246.06 — total, $21,469,362.82. Contra: Cost of
road, equipment, etc., $20,022,126.51 ; leased rolling stock, $628,848.85 ; materials, $6G,-
552.36; due from stations, $15,319.52; bills receivable, $800.15; stock in other companies,
$32,016.08; real estate, $1,438.73; current accounts, $65,194.62; interest on consolidated
bonds funded in advance, $189,693.32 ; cashonhaud, $18,675.58 ; profit and loss, $428,697.10.
POOR'S MANUAL OF RAILROADS.
805
Funded debt consisted December 31, 1880, of—
1st mtM. (main line, 189.14 miles) 7 p. c. 20-year coupon «500 and 81,000 bond*, due July 18, 18W,
interest Jim. and July
1st mtge (all branches except Newton,' iKi.'liti inile.0 « p.' c'. 80-yeaY conpon $V,666'bc>n<U,' d'nie April
1, 1012, interest. April and Oct.. .
1st mtge. (E.-istern Div. and Newton Br., 125.87 miles) 6 'p.' c.'30-yenr' coupon $ 1,000 bonds,' due
April 1, 1912, interest April and Oct
1st mtge. (Illinois Div., 8S.C5 miles) 6 p. c. 45-year coupoii'$l,666 bonds' ode June 1, 1984! interest
JuneandDec 612.00000
Consolidated mortgage (whole line) 6 per cent, conpon bonds . . . 8,KV.
Coupon debt 7 per cent, certificates dated 1880, redeniiaM.- at option of company 629,000 00
Receiver's Balance Sheet, December 81, 1886.
$3,700,000 00
184,00000
622,00000
Materials and Fuel f 64,123 74
Current Accounts 14,714 86
Cash on Hand 69,012 63
Due from Stations 25,917 82
Central Iowa Ry. Co $120,090 20
Less Payments by Receiver. . . . 70,971 78— $49.118 42
Current Accounts 96,39782
Profit and LOBS ... . 28.258 81
Total Assets $173,7(59 05 Total Liabilities $178,769 06
The old company defaulted on its first mortgage interest July 15, 1872 ; on its 2d mort-
gage April 15, 1873. By the terms of reorganization, the 1st preferred stock was issued in
payment of the 1st mortgage coupons from July 1~>, 1872, to July 15, 1875, inclusive, and the
coupon debt certificates for the coupons from that day to July 15, 1(379, inclusive, at the rate
of $85 for $500 bond, $170 for $1,000 bond. The 2d preferred stock was issued in exchange
for the 2d mortgage bonds, principal and interest, to January 15, 1876. The common stock,
of which there was $4,925,200 authorized, was issued in exchange for the stock of the old
company, at the rate of 33j per cent, of its par value, and for the old floating debt dollar for
dollar. The 1st mortgage bonds were issued in exchange for the old 1st mortgage bonds,
bond for bond. Dividends on the 1st preferred stock are payable at such rate, limited at 7
per cent., as the earnings will allow after payment of interest on 1st mortgage bonds; on the
2d preferred after the 1st preferred, also limited to 7 per cent.
Default in interest occurred in October, 1884. Receiver appointed December 1, 1886.
Negotiations are in progress to secure the adoption of a funding plan recently proposed.
Annual meeting first Wednesday in June, at Marshalltown, la. Registrar of stock and
trustee of bonds, Central Trust Co., New York, N. Y. Books close 20 days prior to annual
meeting, and 20 days prior to dividend payments.
KEITHSBURG- BRIDGE COMPANY (tracks at Mississippi River), 2.57 miles. Opened Feb-nary
23,1886. Leased to Central Iowa Ry., 1886. Earnings, December 31, 188(1 : Rental, $3T>.01S. Payments: Interest
on bonds, $32,940. Funded debt, $574,000 first mortgage sinking fund, 6 per cent, bonds, due June 1, 1925, inter-
est payable June and December, guaranteed by Ceniral Iowa Ry. Co. CHARLES FAIBCHILD, President, Boston,
Mass. ; C. N. Osborne, Treasurer, 71 Broadway, New York City.
Board of Directors of Central Iowa Raihcay Co.
C. W. Benson St. Paul, Minn.
A. B. Stickney St. Paul, Minn.
E. H. Perkins, Jr. .New York, N. Y.
Russell Sage New York, N. Y.
Q. T. M. Davis . . . .New York, N. Y.
C. Fairchild Boston, Mass.
F. W. Huidekoper.New York, N. Y.
E. E. Chase New York, N. Y.
_.._., H. Kennedy New York. N. Y. .
F~ Peabody,' Jr . Boston, Mass. | H. J. Boardman. .'. Boston, Mass.
A. B. STICKNEY, President St. Paul, Minn.
Russell Sage, Vice-President New York City.
E. L. Dudley, Receiver and General Manager Marshalltown, la.
Treasurer — Seth Zng Marshalltown, la.
Auditor— M. C. Healion Marshal Itown. la.
Secretary- C. H. Ackert Marshalltown, la.
Asst. Superintendent— 3. G. Johnston. Marshalltown, la.
PJUNCIPAL OFFICE AND ADDRESS Marsh all town, la.
Transfer Office. . . New York City.
CHICAGO, BUELINGTON AND KANSAS CITY RAILWAY COMPANY.
Viele, la., to Bloomfield, la 59.70 miles.
Moulton, la., to Carrollton, Mo 129.29 miles.
Viele, la., to Burlington, la 25.00 miles.
Moulton, la., to Bloomfield, la 14.11 miles.
Lines of Koad. —
Trackage Contracts :
Total length of lines 328.10 miles.
Sidingc, etc., 11.89 miles. Gauge, 4 ft. 8 in. Rail (steel, 4.49 miles), 56 and 60 Ibs.
History.— The company uses the track of the Chicago, Burlington aud Quincy RR.,
806 POOR'S MANUAL OF RAILROADS.
from Vide to Burlington, 25 miles, and of the Wabash, St. Louis and Pacific Ry. between
Moultou and Bloomfield (the latter at an annual rental of $12,000).
Rolling Stock. — Locomotive engines, 5. Cars — passenger, 1 ; baggage, mail and ex.
press, 1 ; freight (box, 14 ; platform and coal, 79), 93 — total, 95. Also 2 caboose and 1 other
car.
Operations for year ending December 81, 1885. — Trains run (passenger, 186,203 ; freight,
204,305), 340,508. Passengers carried, 107,481 ; freight moved, 225,285 tons. Earnings-
passenger, $65,880.49 ; freight, $191,190.22; mail and express, etc., $24,533.14— total, $281,-
603.85. Expenses — maintenance of way, $125,653.67 ; rolling stock, $85,549.99 ; transpor-
tation, $126,820.19; miscellaneous, $145,655.17— total, $483*679.02. Deficit, $202,075.17.
Financial iStatement.— Capital stock, $8,000,000; floating debt, $1,008.207.29— total,
$9,008,207.29. Contra: Construction, $8,775,985.93; equipment, $161,690.66; other prop-
erty, $15,468.26 ; cash and cash assets, $44,223.35 ; profit and loss, $10,839.09.
Directors (elected May 23, 1883).— T. J. Potter, Chicago, 111. ; W. W. Baldwin, H. B.
Scott, J. T. Renney, H. E. Jarvis, Burlington, la.
W. W. BALDWIN, President Burlington, la.
T. J. Potter, Vice-President Chicago, 111.
Treasurer— J. C. Peasley Chicago, 111. | Secretary— Howard Elliot Keokuk, la.
General Superintendent— Robert Law Keokuk, la.
PRINCIPAL OFFICE AND ADDRESS Keokuk, la.
Transfer Office Burlington, la.
CHICAGO, IOWA AND DAKOTA RAILROAD COMPANY.
Line of Road. — Eldora Junction, la., to Alden, la 26.50 miles.
Sidings, 2.5 miles. Gauge, 4 ft. 8^ inches. Rail (steel), 52 Ibs.
History. — Chartered May 20, 1881. Road opened from Eldora Junction to Eldora, 6
miles, on January 1, 1883 ; to Alden on January 14, 1884. Operated by the Iowa Ry. and
Construction Co.
Rolling: Stock. — Locomotive engines, 2. Cars — combination, 1 ; freight (box, 2 ; plat-
form, 10), 12 ; other, 2— total, 15.
Operations for year ending June 30, 1886. — Train mileage (passenger), 20,100 miles.
Passengers carried, 17,425 ; carried one mile, 212,297; average mile rate, 2.41 cents. Tons
freight moved, 11,962; moved one mile, 171,161 ; average ton-mile rate, 11.49 cents. Earn-
ings—passenger, $5,151 ; freight, $19,690.90 ; mail and express, $1,500.85— total, $26,332.75.
Expenses— transportation, $8,837.91; rolling stock, $969.15; maintenance of way, $5,726.83 ;
general, $5,564.35— total, $21,098.24. Net earnings, $5,234.51.
Financial Statement, June 30, 1886.— Capital stock (common, $200,000 ; preferred,
$100,000), $300.000 ; funded debt, 1st mortgage 6 per cent, bonds, due December 1, 1932, in-
terest December and June, $397,500 ; floating debt, $15,000— total, $712,500. Contra : Cost
of road, $316,671.89 ; cost of rolling stock, $25,040— total, $341,711.89.
Interest paid at New York City. Annual meeting first Monday in June. Farmers' Loan
and Trust Co. of New York, trustee of bonds.
Directors (elected June 7, 1886).— David Secor, A. H. Chase, J. W. Mahoney, W. O.
Hanson, Forest City, la. ; H. N. Brockway, Concord, la.; George Elder, Upper Grove, la.;
John Porter, W. S. Porter, C. E. Albrook, Ezra Nicbols, John S. Had'.ey, C. M. Smith, El-
dora, la.
DAVID SECOR, President Forest City, la.
J. M. Elder, Vice-President Garner, la.
Secretary— J. A. Chase Forest City, la. | Treasurer— A.. H. Brockway Concord, la.
General Manager— John Porter Eldora, la.
PRINCIPAL OFFICE AND ADDRESS. . Eldora, la.
POOR'S MANUAL OF BAILBOADS.
807
CROOKED CREEK RAILROAD COMPANY.
Line of Road.— Lehigh, la., to Judd, la 8.5 miles.
Sidings, 0.5 mile. Gauge, 4 ft. 8} in. Rail, iron, 30 ; steel (0.5 mile), 41 J, 50 and 56 Ibd.
History.— Chartered November 8, 1875 ; road opened November 15, 1876.
Rolling1 Stock. — Locomotive engine, 1. Cars — passenger, 1 ; hand 2.
Operations for year ending June 30, 1880.— Train mileage (freight), 9,360 miles. Pas-
sengers carried, 1,773 ; carried one mile. 15,070 ; average mile rate, 3.50 cents. Tons of
freight moved, 14,497 ; moved one mile, 123,224 ; average ton-mile rate, 8 cents. Earnings
—passenger, $532.05 ; freight, $9,768.81 ; mail, $395.88— total, $10,696.74. Operating ex-
penses, $12,842.30. Deficit, $2,145.56.
Financial Statement, June 30, 1886.— Capital stock, $71,500. Contra : Cost of road,
$38,500 ; equipment, $3,600 ; stations and buildings, $2,200; coal lands, etc., $27,200.
Directors (annual meeting second Wednesday in June).— Walter C. Willson, Lehigh,
la.; J. M. Funk, Webster City, la.; George Buruhaui, Chas. T. Burnham, John Q. Burnham,
E. L. Judd, Milwaukee, Wis.
WALTER C. WILLSON, President and General Manager Lehigh, la.
George Burnham, Vice-P resident Lehigh, la.
Secretary and Treasurer— J. M. Funk Webster City, la.
PRINCIPAL OFFICE AND ADDRESS Lehigh, la.
DES MOINES AND FORT DODGE RAILROAD COMPANY.
Main Line of Road. — Des Moines, la., to Fort Dodge, la 88.00
Ruthven Extension : Tara, la., to Ruthven, la 54.90 — 142.90 miles.
Sidings, etc., 7 miles. Gauge, 4 ft. 8£ in. Rail (steel, 100 miles), 56 Ibs.
History. — Successor of that portion of the Des Moines Valley RR. Co. from Des Moines
to Fort Dodge, built in 1868-70, and sold under foreclosure October 17, 1873. The existing
company was organized in January, 1874, and commenced operations April 1, 1874.
The Ruthven Extension was built during 1882. This line is covered by an extension
mortgage to secure an issue of bonds to the amount of $10,000 for each mile of completed
road, and $2,000 per mile for equipment, or $672,000 in all. Between Tara and Fort Dodge
Junction, 5.07 miles, this company uses the Illinois Central track. The articles of association
provide that on extension of the line there may be issued preferred stock at rate of 30 shares
per mile, and common stock at rate of 230 shares per mile.
Since the close of the fiscal year this line has been leased for 19 years (covering the life
of its first mortgage bonds), to the Chicago, Rock Island and Pacific RR. Co., at a rental equal
to 30 per cent, of the gross earnings of this road, with a minimum guarantee of 4 per cent,
on first mortgage and extension bonds, lessee also to pay off deferred interest certificates.
Rolling Stock. — Locomotive engines,'15. Cars — passenger, 8; baggage, mail, etc., 3;
freight (box, 62 ; stock, 20 ; flat, 36 ; coal, 151), 269 ; caboose, 5 ; other cars, 68— total, 353.
Operations for year ending December 31, 1886. — Train mileage — passenger, 168,181 ;
freight, 181,437 ; other, 53,526 — 403,144 miles. Passengers carried, 120,741 ; carried one
mile, 3,385,059. Tons of freight moved, 244,617 ; moved one mile, 12,214,120. Earnings-
passenger, $89,889.95 ; freight, $235,370.91 ; express and mail. $12,595.50 ; miscellaneous,
$1,753.21— total ($2,376-55 per mile), $339,609.57. Operating expenses, taxes, etc. ($1,764.95
per mile), $252,212.25. Net earnings (25.73 per cent.), $87,397.32. Payments : Interest on
bonds, $55,950 ; other, $13,279.06— total, $69,229.06. Balance, surplus, $18,168.26.
Statement of earnings, expense?, etc., for seven and one-half years :
1880
1880*
1881
1882
1883
1884
1885
1886
Gross Earnings
$
265,525 33
$
189,672 55
401,f-*305
9
347,168 57
341,033 13
854,02825
$
?
:«'.». t;o! I :,7
Operating Expenses
163,106 07
108,990 21
2;>S,'.ISS -KX
226,88284
239,28104
262,00021
iVJ.'.'l-J XT)
Net Earnings
102,419 26
80,68234
172,543 47
120,28623
lih.v:.vjO!»
101,660 60
120,419 72
87,89732
* For six months ending December 31, 1880, fiscal year having been changed from June 90.
808 POOR'S MANUAL OF RAILROADS.
Financial Statement, December 31, 1886.— Capital stock (common, $4,283,000; preferred,
$758,280), $5,041,280 ; funded debt, $3,142,666 ; Des Moines Valley RR. Co. land-grunt bonds
outstanding, $1,000 ; current liabilities, $47, 615. 78 J Des Moines depot land mortgages, $1,800
— total, $8,234,361.78. Contra: Co.st of road and equipment, $8,211,280; current accounts,
$21,772.39; unsold lands, $43,212; contracts, $74,105.63; cash, $45,704.22— total, $8,396,-
074.24. Excess of assets, $101,712.46.
Funded debt consisted, December 31, 1886, of —
* 1st mtge. 6 p. c. 30-year coupon bonds, due Jan. 1, 1905, int. J. & J $1,200,000
Income mortgage 6 per cent., due 1905, interest January and July 1,200,000
* Extension bonds, 6 per cent., due 1905, interest January and July 672,000
7 per cent, certificates of 1883 on agricultural lands 49,000
7 per cent, certificates of 1884 on lots in Des Moines 21,666
Interest on all bonds paid at New York office of Chicago, Rock Island & Pacific Ry. Co.
Preferred stock is entitled to 7 per cent., non-cumulative, and to an equal share in any further
dividend over 7 per cent, on common stock. Stock and $1,872,000 1st mortgage bonds
listed on New York Stock Exchange. Annual meeting, first Tuesday in June ; books close
30 days prior thereto and remain closed 31 days. Voting power attaches to stock on 30 days'
ownership. Farmers' Loan and Trust Co. trustee of bonds. Central Trust Co., registrar of
stock .
Land Grant. — The D. M. V. RR. Co. received a grant of land from Congress to the ex-
tent of 40,606.85 acres, of which all but 7,302 acres have been sold.
Directors (elected June 3, 1886). — Chas. N. Gilmore, Des Moinep, la.; D. L. Gibbons,
A. R. Flower, David Stewart, David E. Green, Joseph E. Brown, Stanley W. Dexter, H. H.
Hollister, R. S. Middleton, New York, N. Y.
CHARLES N. GILMORE, President Des Moines, la.
A. R. Flower, Vice-President New York City.
Superintendent— Charles N. Gilmore Des Moines, la. | Secretary— John Givin Des Moinef, la.
PRINCIPAL OFFICE AND ADDRESS Des Moines, la.
Transfer Office No. 13 William Street, Ne.w York City.
DES MOINES, OSCEOLA AND SOUTHERN RAILROAD COMPANY.
Line of Road.— Des Moines, la., to Cainsville, Mo 111.11 miles.
Sidings, 0.34 mile. Gauge, 3 ft. Rail, iron, 30 Ibs.; steel (12 m.), 56 Ibs., (31 m.), 45 Ibs.
History. — Chartered February, 1879. Road built and opened in 1883 and 1884. De-
faulted on bond interest, and on April 2, 1885, a receiver appointed. There are outstanding,
$500,000 stock and $879,000 It-t mortgage 7 per cent, bonds, 1880-1896, interest last paid
January 1, 1885. An agreement was entered into between the bondholders September 1,
1835, looking to the foreclosure of the mortgage and sale of the property. A new company
will then be organized with an authorized capital of $20,000 per mile, and with power to
issue 6 per cent, mortgage bonds to an equal amount per mile. The gauge will be changed
to standard width, the entire line relaid with 56 Ib. steel rail, and an extension built to St.
Joseph or Kansas City. The old bonds have been deposited in trust and are to be used as
collateral to secure a loan sufficient to extinguish the floating debt, pay the expeuses of
foreclosure and provide additional equipment. Holders of old bonds are to receive their
pro-rata proportion of $1,000,000 of the new issue ; and the balance of the new bonds will
be used in widening the gauge and building the extension. On March 1, 1887, the road was
sold for $750,000 to trustees, W. F. Putnam, Edward Woodman, F. H. Gillette, for benefit
of bondholders, who were given until September 1, 1887, to comply with bid.
Rolling Stock. — Locomotive engines, 7. Cars— passenger, 4 ; baggage, etc., 1 ; combi-
nation coach, 1 ; freight (box, 83 ; stock, 18 ; coal, 40), 141 ; caboose, 2 ; other, 7— total, 156.
Of the above, 2 passenger cars are leased.
Operations for year ending June 3\ 1886. — Train mileage — passenger, 64,240 ; freight,
* Interest guaranteed at 4 per cent.
POOR'S MANUAL OF RAILROADS.
«
37,100 ; other, 10,996— total, 112,396 miles. Earnings— passenger, $19,686.47 ; freight. $51,.
897.85; mail, $4,139.32; express, etc., $1,129.87— total, $76,888.',: .,.-<e»—
transportation, $'22,481.79; rolling stock, $23,278.08; maintenance of way, etc., $28,893.65;
general, $8,320.56— total, $82,474.08. Deficit, $5,640.57.
Financial Statement, June 80, 1885.— Expenses, $22,815.29 ; cash, $804.91 ; fuel, $2,-
203.34 ; interest and exchange, $117.19 ; riglu of way, $192.75 ; individual accounts, £
profit and 1. ss, $179.74— total, $26,065.22. Contra: Station credit*, $3,719.78; earnings,
$8,397.67 ; individual accounts, $13,947.77.
Directors. — B. L. Harding, Des Moines, la.; H. Stivers, A. Stivers, .1. H. .Jamison, J. O.
McAully, R. A. Dague. W. GK Agnew, J. B. Wells, W. II. Ridgeway, Osceola, la.; S. M.
Leach, Adel, la. ; W. W. Wick, Des Moines, la.
E. R. MASON, Receiver Des Moinen, la.
B. L. HAHDING, President Dea Moines, la.
Henry Stivers, Vice-President Osceolu, la.
Secretary & Treasurer— Aaron Stivers — Osceola, la. | Oen. Superintendent— J times Donohiie. ..Des Molneo, la.
PRINCIPAL OFFICE AND ADDRESS Des Moines, la.
DTTBUftUE AND DAKOTA RAILROAD COMPANY.
Line of Road.— Hampton, la., to Sumner, la 63.20 miles.
Sidings, etc., 3.45 miles. Gauge, 4 ft. 8£ in. Rail, iron, 50 ; steel (31.16 m.), 45 Ibs.
History. — Organized in 1878. Road opened September 1, 1879. Controlled by tbe Du-
buque aud Sioux City RR., which guarantees tbe bonds issued for construction. ..
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 2 ; freight (box, 20 ; stock,
10; flat, 20), 50— total, 52. Also, 4 service car?.
Operations for year ending June 80, 1886. — Train mileage — passenger, 70,000 ; other,
60,000— total, 130,000 miles. Tons of freight moved, 37,500. Earnings— passenger, $11,-
198.41 ; freight, $50,446.06 ; mail and express, $4,546.09 ; other receipts, $1,310.30— total,
$67,500.86. Expenses— maintenance of way, $26,744.32; motive power and cars, $2,793.39;
transportation, $21,051.12; miscellaneous and taxes, $9,184.09 — total, $59,772.92. Net earn-
ings, $7,727.94. Payments : Rental, Illinois Central RR., $510.44 ; interest on funded debt,
$37,800; other interest, $7,670— total, $45.980.44. Balance, deficit, $38,252.50.
Financial Statement, June 30, 1886. — Capital stock (common, $160,000 ; preferred,
$410,000), $570,000 ; funded debt, 1st mortgage 6 per cent. 40-year gold bonds, du« July 1,
1919, interest January and July ($10,000 per mile), $630,000; bills payable, $127,830.51 ; Du-
buque and Sioux City RR. Co., $19,738.16; tax aid, $41,016.27; unpaid coupons, $1,080;
accounts and vouchers payable, $5,757.02— total, $1,395,502.16. Cost of road, etc., $1,229,-
745.39; equipment, $39,321.85; materials, $11,892.53 ; telegraph, $5,609.87; real estate
$3,899.85; uncollected freight bills, $1,919.25; Commercial National Bank, $698.83; income
account, $103,043.59.
In December, 1886, this road was sold to the Minnesota and Northwestern RR. Co., and
now forms an integral part of that company's Jsystem. (See ttatement for Minnesota and
Northwestern RR. Co.)
DTJBTJftUE AND SIOUX CITY RAILROAD COMPANY.
Line' of Road.— Dubuque, la., to Iowa Fall?, la 142.74 miles.
Sidings, 16.08 miles. Gauge, 4 ft. 8| in. Rail, 60 Ibs.
History. — Chartered November 24, 1856, as Dubuque and Pacific RR. Co. Under act of
July 15, 1856, it had received a land grant from the State. The road (-80 miles complrtrd)
was sold under foreclosure August 21, 1860, and the present company organized. Opened to
Cedar Falls 100 miles, April 1, 1861; to the present terminus in 1866. Leased October 1,
1867, for 20 years by che Illinois Central RR. Co., at a rental of 35 per cent, of the gross
810 POOR'S MANUAL OF RAILROADS.
earnings for the first 10 years, and 36 per cent, for the remainder of the term, all taxes
and assessments to be paid by lessee. At the expiration of the lease the I. C. RR. Co.
may take a lease in perpetuity, paying 36 per cent, of gross earnings. The Dubuque and
Sioux City RR. Co. took a lease of the Cedar Falls and Minnesota RR. for 40 years, which
lease has been assumed by the Illinois Central RR. Co.
Income Account, year ending December 31, 1886. — Rental from Illinois Central RR. Co.,
$333,457.02; deduct drawback to Iowa Falls and Sioux City RR. Co., $42,139.83— balance,
$290,317.19 ; interest on stock of Iowa Land and Loan Co., $15,648 ; other receipts, $9,-
186.17 — total, $315,151.36. Payments: Coupons and interest, $55,219.33; general expen-
ses, $6,689.43— total, $61,908.76. Surplus for year, $253,242.60 ; surplus, December 31, 1885,
$200,266.74— total, surplus, $453,509.34.
Financial Statement, December 31, 1886.— Capital stock, $4,999,950.62; dividend scrip,
$94.05 ; notes bearing 5 per cent, and due in 1888 issued in extension of of 1st mortgage 7
per cent, tax-free bonds, due 1883, $295,000 ; 7 per cent, mortgage bonds on road from Cedar
Falls to Iowa Falls, bonds due 1894, interest January and July, $586,000 ; unclaimed divi-
dends and interest, $2,286.48 ; unpaid coupons, $2,553.24 ; income account, $453,509.34—
total, $6,339,393.73. Contra: Railroad and appurtenances, $5,621,112.71; Iowa Land and
Loan Co., $260,819.40; cash, etc., $457,461.62— total, $6,339,393.73. This company owns
all of the stock ($260,800) of the Iowa Land and Loan Co., from which 6 per cent, annually
is received.
Directors. — Until February, 1888 : M. K. Jesup, Wilson G. Hunt, S. fl. Herriman, Ma-
eon Thomson, and R. T. Wilson. Until February, 1889 : James A. Roosevelt, Abram S.
Hewitt, J. Pierpont Morgan, Lorenzo Blackstone.
M. K. JESSUP, President 52 William Street, New York, N. Y.
James A. Roosevelt, Vice-President New York, N. Y.
Treasurer— G. H. Candee New York, N. Y. | Secretary— C. H. Booth Dubnque, la.
GENERAL OFFICES Dubuque, la., and 52 William Street, New York City.
DTJLUTH AND IKON RANGE RAILROAD COMPANY.
Main Line of Road. — Duluth via Two Harbors, to Vermilion Lake 96.0 miles.
Duluth Branch : Tower, Minn. , to Mines 1.6 miles.
Total length of road completed and in operation December 31, 1886 97.6 miles.
Sidings, etc., 8.4 miles. Gauge, 4 ft. 8£ in. Kail (steel, 106 miles), 61 Ibs.
History. — Chartered December 21, 1874. Received from the State a swamp land grant
of ten sections to the mile. Road opened to Tower, 67.6 miles, and branch to Mines, 1.6
miles, August 11, 1884 ; completed as above December 20, 1886.
Rolling1 Stock, December 31, 1886. — Locomotive engines, 13. Cars — passenger, 3 ; freight
(box, 14 ; stock, 2 ; platform, 40 ; ore, 340), 396 — total, 399. Also, 8 caboose and 1 other car ;
1 tug-boat and 2 lighters.
Operations for year ending December 31, 1886. — Train mileage — passenger, 40,256 ;
freight, 129,745 — total, 170,001 miles. Total engine service,. 198,388 miles. Passengers
carried, 6,823 ; carried one mile, 418,599. Tons freight moved, 366,629 ; moved one mile,
24,813,017. Earnings— passenger, $20,497.28 ; freight, $361,410.07 ; mail, $3,113.33 ; mis-
cellaneous, $1,500.35— total, $386,521.03. Expenses— maintenance of way, $36,776.97 ; roll-
ing stock, $20,374.76 ; transportation, $81,560.64 ; miscellaneous, $40,894.41— total, $179,-
606.78. Net earnings (53.79 per cent.), $206,914.25. Add dockage, rents, etc., $9,138.27—
total available revenue, $216,052.52. Paid interest on funded debt, $140,458.34 ; other in-
terest, $13,760.03— total, $154,218.37. Balance, surplus, $61,834.15 ; surplus from last year,
$20,277.07— total, $82,111.22.
Financial Statement, December 31, 1886.— Capital stock, $500,000 ; funded debt, 1st
POOR'S MANUAL OF RAILROADS. 811
mortgage 6 per cent. 20-year (registered $1,000) bonds, due May 1, 1903, interest May and
November, at Fidelity Insurance, Trust and Safe Depot-it Co., Philadelphia, Pa. (authorized
$2,500,000), $2,500,000 ; accounts and bills payable, $299,040.19 ; profit and loss, $82,111.22
—total, $3,381,757.41. Contra: Construction and buildings, $2,648,852.35; equipment,
$333,248.88 ; materials and fuel, $57,929.44 ; other property and assets, $86,217.77 ; current
accounts, $235,846.13 ; cash, $19,6(52.84— total, $3,381,757.41.
Annual meeting first Wednesday in December. Trustees of bonds, Fidelity Insurance
Trust and Safe Deposit Co., Philadelphia, Pa.
Directors (elected December 1, 1886).— W. B. Dixon, C. Tower, Jr., R. H. Lee, I. P.
Beck, A. H. Viele, H. F. Thompson, Duluth, Minn. ; Geo. C. Stone, St. Paul, Minn.; C. Tower,
Philadelphia, Pa.; S. P. Ely, Cleveland, O.
C. TOWER, JR., President Duluth, Minn.
Vice-Pres. and Treas.—Geo. C. Stone. .St. Paul, Minn. Secretary— 1. P. Beck Duluth, Minn.
Chief Engineer and Svpt.—R. H. Lee. . . .Duluth, Minu. Auditor— A. H. Viele Duluth, Minn.
PRINCIPAL OFFICE AND ADDRESS Duluth, Minn.
Transfer Office Philadelphia, Pa.
FORT MADISON AND NORTHWESTERN RAILWAY COMPANY.
Line of Road. — Fort Madison, la., to Collett Station, la 45.10 miles.
Sidings, 2.42 miles. Gauge, 3 ft. Rail (steel, 4 miles), 30 Ibs.
History. — Completed in 1882 to Birmingham.
Boiling' Stock. — Locomotive engines, 3. Cars — baggage, mail, and express, 1 ; caboose,
1 ; freight (box, 24 ; stock, 8 ; platform and coal, 21), 55 ; other cars, 17 — total, 72. Of the
above 2 locomotives, 1 baggage, etc., 18 box, 5 stock, 15 platform and coal cars, and 3 hand
cars, are leased.
Operations for year ending June 30, 1886. — Earnings — passenger, $4,141.61 ; freight*
$10,745.54 ; express, $413.50 ; rental, $677 — total, $15,377.65. Operating expenses — main-
tenance of way, etc., $4,023.83 ; motive power and cars, $2,179.29 ; transportation, $5,891.65 ;
general, $3,762.44— total, $15,857.51. Deficit, $479.86. Add income from receiver's certifi-
cates, $12,700— net surplus, $12,220.14.
Financial Statement, April 30, 1884 (latest furnished).— Capital stock, $500,000 ; funded
debt 1st mortgage 7 per cent. 25-year bonds, due April 1, 1905, interest April and October,
$150,000 ; 2d mortgage income 6 per cent, bonds, due 1903, $6,000 ; unfunded debt, $63,519
—total, $719,519. Cost of road ($10,333.33 per mile), $480,000 ; equipment, $98,320 ; real
estate, $19,420 ; materials and fuel, $6,180 ; other property and assets, $1,000 — total, $604,-
920. Construction accounts not yet closed.
Later returns not furnished. In March, 1885, the road was placed in the hands of a re-
ceiver, on application of certain creditors, by an Iowa State court. Subsequently in a suit
for the foreclosure of the mortgage brought by the Union Trust Co. of New York as trustee,
the United States Circuit Court made a conditional order appointing another receiver, the
condition being the removal of the receiver first appointed.
Directors (elected July, 1883).— J. C. Atlee, S. B. Kenrick, E. W. Merrill, Charles Duerr,
George Schloppf, J. M. Hamilton, Ft. Madison, la. ; D. M. Kelley, T. P. Bingliam, Green Bay,
Wis. ; H. Ketchum, New London, Wis.
J. C. ATLEE, President Fort Madison, la.
Charles A. Gilchrist, Receiver and Gen. Supt Fort Madison, la.
Secretary & Trans. Agt.—~E. W. Merrill. Ft. Madison, la. | Treasurer & Gen. Sunt.—S. B. Kenrick. Ft. Madison, la.
Secretary for Receiver and Auditor— Nelle F. Gilchrist Fort Madison, la.
PRINCIPAL OFFICE AND ADDRESS Fort Madison, la.
HUMESTON AND SHENANDOAH RAILROAD COMPANY.
Line"of Road. — Hutneston, la., to Shenandoah, la 113 miles-
Sidings, etc., 7.70 miles. Gauge, 4 ft. 8| in. Rail (steel, 6.20 miles), 56 Ibs. per yard.
812 POOR'S MANUAL OF RAILROADS.
History. — Incorporated February 12, 1881. Road opened from Van Wert to Grand
River, 11 miles, November 7, 1881 ; to Tingley, 25 miles, September 17, 1882, and to Shenan-
doah, 71 miles, November 18, 1882. From Van Wert to Humeston, 17 miles (included above),
the tracks of the Keokuk and Western RR. are used under contract. This road was built
and is owned and operated jointly by the Chicago, Burlington and Quincy, and the Wabash,
St. Louis and Pacific RR. Companies, which pay as rental the interest on the company's
bonds.
Rolling'Stock. — Locomotive engines, 18. Cars — passenger, 2; baggage, etc., 2; freight
(box, 12 ; stock, 16 ; platform, 20 ; coal, 20), 68— total, 72. Also, 8 caboose cars.
Operations for year ending December 31, 1886. — Train mileage — passenger, 69,170;
freight, 74,816 ; other, 12,004 — total, 155,990 miles. Passengers carried, 34,473 ; carried one
mile, 941,779 ; average mile rate, 2.63 cents. Tons freight moved, 94,171 ; moved one mile,
7,332,997 ; average ton-mile rate, 1.70 cents.
Earnings.— Passenger $24,80758
Freight 124,973 69
Mail 5,820 13
Express 4,536 35
Miscellaneous... 71403
Total ($1,423.47 per mile) $160,851
Expenses. — Transportation $55.365 56
Motive Power 7,160 46
Maintenance of Cars 6,705 37
Maintenance Way and Buildings 41,691 24
General 20,594 33
Total ($1,163.87 per mile) $131,516
Net earnings (18.24 per cent.), $29,334.81. Paid rental, $8,453.22. Balance, surplus,
1.59; surplus from last year, $106,334.14 — total surplus as per balance sheet, $127,-
215.73.
General Balance Sheet, December 31, 1886.
Cost of Road $2,405,45300
Equipment 287,82095
Materials and Fuel 8,520 86
Current Accounts 23,920 57
CashonHand 105,374 61
Total Assets $2,831,089
Funded Debt $2,684,000 00
Current Accounts 14,728 83
Local Aid 5,14543
Profit and Loss 127,215 73
Total Liabilities $2,831,089 99
Funded debt consists of first mortgage 7 per cent. 30-year $1,000 coupon bonds, dated
January 1, 1883-1913, interest payable January 1 and July 1.
Annual meeting, second Wednesday in April.
Directors (elected April 15, 1886). — James F. How, George S. Grover, St. Louis, Mo.;
C. L. Wellington, Chicago, 111.; W. W. Baldwin, H. B. Scott, H. E. Jarvis, Burlington, la.
W. W. BALDWIN, President Burlington, la.
Treasurer— James F. How St. Louis?, Mo. | Sec. & Gen. Manager— E. C. Murphy Clarinda, la.
Auditor and Assistant Treasurer — J. H. Ells Clarinda, la.
PRINCIPAL OFFICE AND ADDRESS Clarinda, la.
IOWA FALLS AND SIOUX CITY RAILROAD COMPANY.
Line of Road.— Iowa Falls, la., to Sioux City, la 183.69 miles.
Sidings, etc., 7.36 miles. Gauge, 4 ft. 8| in. Rail, 56 Ibs.
History. — Organized October 1, 1867, to complete the line included in the charter of the
Dubuque nnd Pacific RR. Co. from Iowa Falls to Sioux City. Whole line opened October 10,
1870, and leased to the Illinois Central RR. Co. , the lease rental being 35 per cent, of the
gross earnings for the first 10 years, and 36 per cent, for the remainder of the term, increased
by a drawback of 10 per cent, on all business to and from the Dubuque and Sioux City RR.
(See statement for Dubuque and Sioux City RR. Co.). At the annual meeting May 18, 1881,
a resolution was adopted setting apart all surplus net income over the interest on bonds and
dividends, not exceeding 6 per cent., as a fund to provide for the contingency of a termina-
tion of the lease to the Illinois Central RR. Co. at the expiration of the present term, October
1, 1887. See MANUAL for 1883, page 792. The sum set apart under this resolution now
(March 31, 1880) amounts to $1,500,000, which has been derived mainly from proceeds of land
sales. At the meeting in 1882, the rate of dividends to be paid was increased to 7 per cent.
POOR'S MANUAL OF RAILROADS. 813
Income Account, 11 months ending February 28, 1887. — Received from rental and draw-
back, $253,786.79; from land department, $326,315.67; Illinois Central lili. < «,., iiit.-ri-st on
bonds, $16,333.33; interest on loans, $85,041.56; profit on stock purchased, $86,1L)8; dividends
on Missouri Valley Land Co.'s stock, $2,610; profit on sale of Missouri Valley Land Co. 'B
stock, $2,200: from other sources, $47,158.34— total, $769,008.69. Payment*: sand
salaries, $13,877.60 ; interest on funded debt, $294.000; dividends, 6 per cent, (paid quarterly,
June, September, and December, 1886, and March, 1887, making a total of 41 dividends p.-iid
to date), $276,000; profit and loss items, $26 228.52; distribution of assets, $1,759,500— total
payments, $2,369,606.12. Deficit, $1,600,002.43. Surplus from last year, $1,785,002.43— net
surplus as per balance sheet, $185,000.
General Balance Sheet, May 31, 1887.
Construction $7,585,000 00 Capital Stock $4,600,00000
CashinBank 8,79750 First Mortgage Bonds 2,800,00000
Unpaid Coupons 8,797 50
Profit and Loss 185,000 00
TotalAssets $7,588,797 50
Total Liabilities $7,588,797 50
Funded debt consists of first mortgage 7 per cent, bonds dated May 1, 1869, due October
1, 1917, interest payable April and October at National Park Bank, New York, N. Y. Divi-
dends payable at Boston, Mass. Annual meeting second Monday in February. Transfer
Office, Dubuque. la.
LandjDepartinent, March 31, 1886. — Grant under Act of Congress, May 15, 1856 : Acres
of land received, 640,256.11; sold to date, 643,178.23 acres; deduct lands restored to market,
33,236.40 — net sales, 609,941.83 acres; remaining unsold (exclusive of lands in controversy),
30,314.28 acres. There was sold during the year ending March 31, 1886, 8,175.27 acres, for
$58,255.13; average, $7.12 per acre. Cash receipts for year have been as follows : From sales
of lands (down payments), $24,169.74; bills receivable, $233,339.30; interest, $46,799.05;
miscellaneous, $570.50; total receipts, $304,378.59. Add cash on hand March 31, 1885,
$25.13— total, $304,903.72. Contra: Sundry disbursements, $16,126.19; paid I. F. & S. C.
RR. Co., $283,500; cash on hand March 31, 1886, $5,277.53— total, $304,903.72.
Directors (elected May 31, 1887).— Stuyvesant Fish, E. H. Harrimau, New York, N. Y.;
John Dunn, E. T. Jeffery, J. C. Welling, Chicago, 111.; F. W. Quimby, Dubuque, la.; W. F.
Beck, Cedar Rapids, la.
STUYVESANT FISH, President New York, N. Y.
E. H. Harriman, Vice- President New York, N. Y.
Secretary— Henry V. Ferguson Cedar Rapids, la. | Treasurer— E. T. H. Gibson New York, N. T.
PRINCIPAL OFFICE AND ADDRESS Dubuque, la.
IOWA NORTHERN RAILWAY COMPANY.
Line of Road. — Colfax, la., to Valeria, la 5.93 miles.
Sidings, 0.5 miles. Gauge, 4 ft. 8£ in. Rail, 56 Ibs. per yard.
History.— Organized in April, 1882 ; road opened in September, 1882.
Rolling Stock (leased). — Locomotive engine, 1. Cars— passenger, 1; freight (platform
and coal, 3; caboose, 1), 4 — total, 5.
Operations during year ending June 30, 1886. — Train mileage, 17,010 miles. Passengers
carried, 16,204 ; carried one mile, 69,677 ; average mile rate, 3.50 cents. Tons of freight
moved, 45,930 ; moved one mile, 160,755 ; average ton-mile rate, 0.78 cent. Earnings— pas-
senger.' $2,430.56 ; freight, $11,482.52— total, $18,918.08. Operating expenses and taxes,
$7 934 56. Net earnings, $5,978.52. Payments: Interest on bonds, $3,000 ; dividends (4 per
cent.), $3,600— total, $6,000. Balance, deficit, $621.48 ; surplus from last year, $6.J1.77— net
surplus, $30.29.
Financial Statement, June 30, 1886.— Capital stock, $90,000 ; funded debt, 1st mortgage
6 per cent, bonds, due May 1, 1902, $50,000 ; profit and lo*s, $30.29— total, $140,030.29.
Contra : Cost of road, etc., $148,250 ; cosh and accounts, $30.2<J.
814 POOR'S MANUAL OF EAILKOADS.
Annual meeting, second Tuesday in June.
Directors (elected June, 1887).— F. H. Griggs, J. S. Wylie, Davenport, la.; D. Ryan,
Newton, la.; D. S. Couch, George A. Goodrich, Colfax, la.
J. S. WYLIE, President Davenport, la.
D. Ryan, Vice-President Newton, la.
Secretary and Treas.— George A. Goodrich.. Coif ax, la. | General Superintendent— D, S. Couch Colfax, la.
PRINCIPAL OFFICE AND ADDRESS. Colfax, la.
KANSAS CITY, ST. JOSEPH AND COUNCIL BLTJFFS RAILROAD CO.
-.„ . T . * T» „,! ( Kansas City, Mo., to Council Bluffs, la 196.89 miles.
Mam Lines of Road.- j Amazoniai feOt> & Hopkins, Mo. 50.36 miles.
i" Bigelow : Bigelow to Burlington Junction, Mo 31.54
j Northboro : Corning to Northboro, la 30.65
68 : 1 Boswell: Napier to Boawell, Mo 8.58
( East Nebraska City : Junction to East Nebraska City 3.68 — 74.45 miles.
Total length of lines operated 321.70 miles.
Sidings, 55.82 miles. Gauge, 4 ft. 8£ in. Rail (steel, 251.63 miles), 52 and 60 Ibs.
History. — This company succeeded, by consolidation and otherwise, to the franchises
and property of the Platte County, the Atchison and St. Joseph, the Weston and Atchison,
the Missouri Valley, the St. Joseph and Council Bluffs, and the Council Bluffs and St. Joseph
RR. Cos. The Platte County RR. Co. was chartered February 24, 1853, and by act of Maich
3, 1857, received aid from the State to the amount of $700,000. The first four companies
were consolidated March 6, 1867, with the Missouri Valley RR. Co., and by act of March 17,
1868, were released from their obligations to the State. The M. V., and St. J. & C. B., and
the C. B. & St. J. RR. Cos. were consolidated under the present name July 11. 1870. During
the year 1880 the leased lines were completed, and the capital stock and income bonds bought
by the C., B. & Q. RR. Co. (See MANUAL for 1880).
Rolling Stock, December 31, 1886. — Locomotive engines, 41. Cars — passenger, 24; bag-
gage, mail, etc., 11 ; freight (box, 771 ; stock, 22 ; platform, 42 ; coal, 122), 957 ; caboose, 19;
others, 4 — total, 1,015.
Operations for year ending December 31, 1886. — Traffic statistics not reported. Earn-
ings— passenger, $518,041.82; freight, $1,402,903.73; mail, $41,994.40; express and other,
$116,536.40— total ($6,476.46 per mile), $2,083,476.35. Operating expenses ($3,621.96 per
mile), $1.165,184.15. Net earnings (44.07 per cent.), $918,292.20. Payments : Interest on
bonds, $399,175; rentals leased lines, $19.838.64 ; dividends, $263,075 ; other payments, $50,-
570.26— total, $732,658.90. Balance, surplus, $185,633.20 ; surplus from last year, $1,298,-
158.82— total surplus, $1,483,792.12.
General Balance Sheet, December 31, 1886.
Construction $11,163,871 57
Equipment 1,407,845 22
Stocks and Bonds 342,17456
Materials and Fuel 78,531 74
Bills Receivable 238,278 60
Cash on Hand 353,701 17
Total Assets $13,583,402
Capital Stock $5,819,656 71
Funded Debt 5,693,174 51
Current Accounts 521,034 25
Income Account 1,549,53739
Total Liabilities $13,583,402 86
Statement of funded debt, December 31, 1886 :
1st m. (K. C., S. J. & C. B.) 7 p. c. 30-yr cou. bonds, due Jan. 1, 1907, int. J. & J. $5,000, 000 00
Income (K. C., St. J. & C. B.) 6 p. c. 30-year registered bonds, due Jan. 1, 1907. 674 51
Bond (old issue) outstanding 500 00
1st m. (Tarkio Valley) 7 p. c. 40 year coup, bonds, due June 1, 1920, int. J. & D. 364,000 00
1st m. (Nodaway Valley) 7 p. c. 40-yr. coup, bonds, due June 1, 1920, int. J. & D. 328,000 00
POOR'S MANUAL OP RAILROADS.
815
Statement of operations, earnings, etc., for eight years :
1879
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad
232 88
310 00
810 00
810 00
321 70
821 70
:;•'! ',11
821 70
Pasfen.^er Tra'n M'lea
<"80,MO
•i.^:>.m->
477,692
r,':> KII|
5tm,oio
:,.'/,' i-.n
577,097
Freight Train M:les
4P.,289
400,208
44S 'I', 1
.VU IK IK
.v.i:. '. 7 1
i,:;'i 1-.".
:,i,\ »!«i
Pasi-engers Carried
287,728
C87529
844 069
:VK '.,r,
.'{'in V'l
419435
V-':', I7-!
Passenger M'les
1 5,844 ,S.*>7
i7.i«u.K;i
!•' !li<! I'M
17 722 191
is -!i:{ -ji.-
r> •,"!', r..Vi
V.i :»>:, :,-<'.
Freight (tors) Moved
820,401
706,848
815 2.V1
894,426
NM :ill
I.INI t;iM
Freight (ton) Miles
70,638,429
57,S!IS,S~>3
59 270 '58
SI sc«; 'KrJ
7K li'.l'J ;•;:.'
-! •„•:','; ti-v.
Passenger Earnings
$
"1. 722
491,069
$
4>w 283
r:iii :r> I
:..M *,>:,
58^,252
Ml 1-1
518,042
Freight Earnings. . .
J,S<y 0*7
1,037 092
1 061 8>>4
1 290 708
l I-1.' .x:>
1 1 75 477
1 182 248
1 J", !*>«
Miscellaneous
123,865
1.^1,788
115,;61
ljj(j 358
153,531
148,008
137 i.".»4
i.%s.r,:jo
Gross Traffic Earnings
Transportation Expenses. . .
1,708,154
1,065,664
1,640,949
1,W,131
l,ti-i-!.:,ls
1,190,115
1,'.KW.41H
1,187,022
r.'.i:jn.!iil
1 ,264,596
l.'.Xi7.7:«
1,264,424
1,864,023
1^88,081
,068,«n
1,165,184
Net Traffic Earnings
Interest Paid
'i02,490
3oO,360
405,218
<*33,1^0
483,208
408,870
775,893
405,055
866,346
408,585
6*1,308
401,998
570,992
400,522
918,292
899,175
Dividends Paid
Rentals
1!).N3'J
Other Payments
50,570
Total Payments
342,130
62,078
24.383
870,*»1
462,761
241,815
1711.470
;:«,(>S9
Surplus
312,130
62,073
°' 8.3
870,341
462,761
241,315
170,470
isr..t>'«
Gross Earnings par MJle
Gross Expenses per M!le. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile..
7,072 61
4,262 65
2,80996
00.25 p. C.
2.88 c.
1.70C.
5,795 89
4,055 95
1,789 44
69.86 p. c.
2.88 c.
1.79 c.
5,411 66
3.96705
1,44401
73. 32 p. C.
3.04 c.
1.77 C.
6,33385
8,831 20
2.50265
60.49 p. C.
3.02 c.
1.58 c.
6.68368
3.9M M
2,717 27
59.84 p. c.
2.92 c.
1.81 C.
5,98353
8,96580
2,017 73
66. 27 p. c.
8.02 C.
1.44 C.
5,82908
4,04350
1,78558
69. 37 p. c.
2.79 c.
1.58 C.
6,47(i 46
3,r,-Jl '..6
2,85450
55. 93 p.C.
Annual meetyig, first Tuesday in March. Bonds listed on Boston Stock Exchange.
Directors (elected March, 1887).— C. E. Perkins, J. M. Forbes, J. L. Gardner, C. J.
Paine, F. W. iTunnewell, S. Bartlett, E. C. Perkins, T. J._Coolidge, Boston, Mass.; W. W.
Baldwin, Burlington, la.
C. E. PEBKINS, President Burlington, la. •
James C. Peasley, Vice-President Chicago, 111.
Secretary— A.. G. Stanwood Boston, Mass, i Auditor— C. M. Carter St. Joseph, Mo.
Treasurer— J. C. Peasley Chicago, 111. | Transfer Agent— J. L. Carter Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS St. Joseph, Mo.
MARSHALL, PARIS AND NORTHWESTERN RAILROAD COMPANY.
Line of Road (as projected).— Carthage, Tex., to Paris, Tex 140 miles.
Completed: Marshall, Tex., to Starrs, Tex 16 miles.
Gauge, 4 ft. 8£ in. Rail (steel, 12 miles), 35 Ibs. per yard.
History.— Chartered March 29, 1882. Grading begun December 15, 1885, and completed
from Paris, Tex., to Hopkins Co., 25 miles. Road sold to the St. Louis and San Francisco
RR. Co. and the mortgage of $62,000 lifted by the cash payment of $23,000. Company
reorganized April 14, 1887. This road connects with the Texas and Pacific Ry. at Marshall,
Tex.; with the Houston, East and West Texas Ry. below Carthage, Tex.; with the St. Louis,
Arkansas and Texas Ry. at Gilmer, Tex.; with the Missouri Pacific Ry. at Wiusboro', and at
Paris with the Texas and Pacific, Atchison, Topeka and Santa Fe and St. Louis and San
Francisco Rys.
Rolling Stock.— Locomotive engine, 1. Care— freight, 8 ; other, 4— total, 12.
Financial Statement.— Capital stock ($1,400,000 authorized), $185,000. Ko funded debt
Cost of road and equipment, $185,000. Estimated cost of completed road, $175,000.
Annual meeting, fourth Tuesday in June.
Directors (elected April 14, 1887).— E. G. Zeile, San Francisco, Cal.; T. D. Craig, Frank
Fitzhugh, Paris, Tex.
JOHN MARTIN, President Pans. Tex-
IstTice-fresident-S. J.Wright Paris, Tex. \MV.-Pr*. d Om^ffr J.-W ^ Hearth. Marshall, Tex
Stcretaiy and Treasurer-h. J. Fry Ma *naii. lex.
PRINCIPAL OFFICE AND ADDRESS Marshall, Tex.
816 POOR'S MANUAL OF RAILROADS.
MINNEAPOLIS AND PACIFIC RAILWAY COMPANY.
Line of Road. — Minneapolis, Minn., to Ransom, Dak 227.75 miles.
Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.
History. — Chartered in Minnesota in September, 18S4, to build a railroad from Minne-
apolis to the Dakota Line, a distance of about 186 miles. Charter amended in June, 1886,
authorizing the extension of the road into Dakota, about 90 miles. Construction work was
begun April 23, 1886, and the road completed to Lidgerwood in December, 1886.
Rolling Stock. — Locomotive engines, 16. Cars — passenger, 8 ; combination, 5 ; freight
(box, 325 ; flat, 150 ; caboose, 3), 478— total cars, 491.
Financial Statement, January 1, 1887.— Capital stock (authorized, $5,000,000 ; par, $100
per share) paid in, $53,600 ; income certificates ($20,000 per mile), $4,327,000 ; funded debt,
first mortgage 5 per cent. 50-year bonds, due January 1, 1936, interest payable January and
July ($15,000 permile), $3,035,000— total stock, bonds and certificates, $7,415,600. The bonds
are for $ 1,000 each and are coupon, with privilege of registration ; interest payable at the
American Exchange Bank, New York. Trustee : Central Trust Co., New York. They are
listed on the New York Stock Exchange. The income certificates are entitled to 8 per cent,
dividends if earned, non-cumulative.
Directors. — W. D. Washburn, Thomas Lowry, J. K. Sidle, J. C. Oswald, John Martin,
H. E. Fletcher, C. H. Pettit, Minneapolis, Minn.
W. D. WASHBURN, President Minneapolis, Minn.
Thomas Lowry, Vice-President Minneapolis, Minn.
Secretary— M. P. Hawkins Minneapolis, Minn. | Treasurer — H. E. Fletcher Minneapolis, Minn.
PRINCIPAL OFFICE AND ADDBESS Minneapolis, Minn.
MINNEAPOLIS AND ST. LOUIS RAILWAY COMPANY.
Main Line of Road. — Minneapolis, Minn.,«ia Ft. Dodge, la., to Angus, la. .260.00 miles.
Pacific Division : Hopkins, Minn., to Morton, Minn 9'J.OO miles.
Kalo Branch : Kalo Junction, la., to Kalo, la 1.50 miles.
Lake Park Branch : Lake Park Junction to Lake Park, Minn 1.50 miles.
White Bear Branch : East Minneapolis to White Bear Lake 12.50 miles.
Trackage : St. P. & N. P. HE. — St. Paul, Minn., to Minneapolis, Minn 10.5 miles.
Total length of lines owned (367.5 m.) and operated December 31, 1886 378.00 miles.
Average length of line operated during fiscal year 364.60 miles.
2d track, 5 m.; sidings, 76.2 m. Gauge, 4 ft. 8| in. Rail (steel, 251.6 m.), 55, 56 & 60 Ibs.
History. — Originally chartered March 3, 1853, as Minnesota Western RR. Co. Name
changed in May, 1870, to Minneapolis and St. Louis Ry. Co. Road opened from Minneapolis
to Merriam Junction in 1871, and extended to Albert Lea in November, 1877. In 1879 the
company purchased the Fort Dodge and Fort Ridgeley RR., running north from Fort Dodge,
Iowa, 13 miles, and in November of same year completed an extension of its main line from
Albert Lea to the Iowa State Line. In June, 1880, the construction of the gap between the
two lines was finished, completing a line between Minneapolis and Fort Dodge. On May 24,
1881, the Minneapolis and St. Louis, the Minneapolis and Duluth, the Minnesota and Iowa
Southern, and the Fort Dodge and Fort Ridgeley RR. Companies were consolidated, forming
the present corporation. Subsequent to that consolidation the main line was extended from
Fort Dodge to Angus, la., and opened for business to that point in January, 1883. The Pacific
Division was opened from Hopkins to Winthrop in February, 1882, and completed to Morton
in November same year. The White Bear branch (the old Minneapolis and Duluth RR.) is
operated by the St. Paul and Duluth RR. Co., under lease. (See statement of MINNEAPOLIS
AND DULUTH RR.) This company owns an eighth interest in the property of the Minne-
sota Transfer Ry. Co., situated between St. Paul and Minneapolis, and consisting of
stock yards, depots, etc., etc. Between Minneapolis and St. Paul the track of the St. Paul
POOR'S MANUAL — MINNEAPOLIS AND ST. LOUIS RY. CO.
817
and Northern Pacific RR. is used under lease contract. Grading han been commenced on the
extension of this company's line northwest from Watertown, Dak.
Rolling Stock, December 31, 1886.— Locomotive engines, 69. Cam — passenger, 18; bag-
gage, mail and express, 11; caboose, 88 ; freight (box, 1,257; stock, 66; platform and coal,
667), 1,980 ; other, 27— total cars, 2,074. The company (supplies rolling stock for the opera-
tion of the Wisconsin, Minnesota and Pacific, receiving therefor a rental based on the number
of miles travelled over that road.
Operations for year ending December 81, 1886 (864.6 miles).— Train mileage— passenger,
414,252 ; freight and mixed, 782,697 ; other, 89,277— total, 1,236,226 miles. Passengers car-
ried, 364,443 ; carried one mile, 18,026,690; average mile rate, 2.27 cents. Tons freight
moved, 1,031,461 ; moved one mile, 98,372,684 ; average ton-mile rate, 1.20 cents.
Earnings.— Passenger $296,663 48
Freight 1,184,018 56
Mail 27,672 29
23,507 31
Miscellaneous n',762 31
Kxpen»fH.— Maintenance of Way $272. '44 66
Maintenance of Cars 102,<ii7 41
.Motive Power 177,586 18
TmntporUtloo 848,48628
Miscellaneous and Taxes 14.%, 7-16 03
Total ($2,869.12 per mile) $1,046,081 45
Add, interest and dividends received, $28,-
Total (§4,250.19 per mile) $1,549,618 95
Net earnings (32.49- per cent.), $503,537.50.
433.91 ; rental leased roads, $57,077.96 ; other rents, $1,203.05. Total available revenue,
$590,252.42. Payments : Interest on bonds, $552,809.61 ; rental leased lines, $45,605.86—
total, $598,415.47. Balance, deficit, $8,163.05; deficit from last year, $482,208.65— total,
$440,371.70.
General Balance Sheet, December 81, 1886.
Cost of Road, etc ............. . ........... $18,152,176 33
Stocks and Bonds Owned
Materials and Fuel
Bills Receivable
Current Accounts
Cash on Hand
Profit and Loss
78,278 15
96,932 83
173,186 14
166,124 75
33,265 43
440,371 70
Capital Stock $9,769,70000
Common $5.769,700
Preferred 4,000,000
Funded Debt 7,318,000 00
Bills Payable 1,657,78632
Current Accounts 305.354 51
Accrued Taxes and Interest 94.494 50
TotalAssets $19,140,335 33 Total Liabilities $19,140,335 83
Preferred stock is entitled to 7 per cent, dividends, if earned, and to an equal share with
common in any dividend over 7 per cent, upon the entire stock.
Statement of funded debt, December 31, 1886 :
Description of Bonds.
Date.
Interest.
Principal
When Due.
Out-
standing.
1st Mortgage (a) Minneapolis to White Bear
May 1, 1877
Jan". 1, 1877
Feb. 1, 1877
June 2, 1879
Dec. 1, 1880
Junel, 1881
Dec. 10, 1880
Men. 1, 1881
Oct. 12, 1882
7 p. c. May & Nov.
7 p. c. Jan. & July
7 p. c. June & Dec.
7 p. c. June & Dec.
7 p. c. June & Dec.
6 p. c. April & Oct.
7 p. c. Jan. & July
6 p. c. March & Sept.
6 p. c. Jan. & July
May, 1907
Jan., 1907
Fi-b., 1927
June, l'.)0!l
Dec., 1910
June, 1921
Jan., 1S90
March, 1901
Dec., 1922
$2SO,000
455.000
950,000
1,015,000
Mi.iXX)
1. .>--'.( lilO
500.000
100,000
1,995,000
1st Mortgage (6),'Minneapolis to Merriam Junction. ...
1st Mortgage (d), Iowa Ex.— Albert Lea to Ft. Dod-.'e —
1st Mortgage (e), Southwestern Ext.— Ft. Dodge to Angus
1st Mortgage (/), Pacific Extension— Hopkins to Morton
2d Mortgage (a) Albert Lea to Fort Dodge
The Minneapolis and Duluth bonds (a) were originally guaranteed by this company, and
by the consolidation of May, 1881, became an obligation of the M. & S. L. Ry. Co. The
$455,000 seven per cents of Jan. 1, 1877 (&), are issued at rate of $20,500 per mile. The total
issuJof seven per cents of Feb. 1, 1877 (e), is $1,100,000, of which $150,000 are assumed by
Burlington, Cedar Rapids and Northern RR. The Iowa Extension bonds (d) are issued at
$10,000 per mile. The Southwestern Extension bonds (e) are $12,000 per mile. The Pacific
Extension (/) bonds are $15,000 per mile. The improvement and equipment bonds (A) were
issued in October, 1882, the company having made provision for an issue of improvement
and equipment bonds in two series to the amount of $4,000,000, secured by a first lien on all
the rolling stock of the company, and also covering all other property of the company,
subject to existing liens. Of these the first series of $2,000,000 have been issued as above.
Additional issues will be made in order to retire the outstanding obligations on account of
real estate purchased and the equipment trusts. The second series are not to be issued ex
cept on consent of a majority of holders of first series.
52
818 POOB'S MANUAL OF RAILROADS.
The Minneapolis and Duluth bonds are $500 and $1,000 each; all others $1,000 each.
Interest on all bonds payable at Continental National Bank, New York ; on bonds marked a,
6, c, d and / in gold. Principal of bonds marked a and b payable in Philadelphia ; all
others in New York.
Annual meeting, first Tuesday in October ; books close September 1, and reopen day after
the meeting. Registrar of stock, Central Trust Co., New York. Stock and bonds listed on
New York Stock Exchange.
Directors (elected October 5, 1886).— R. R. Cable, H. H. Porter, A. Kimball, Thos. F.
Withrow, Chicago, 111. ; David Dows, H. R. Bishop, New York, N. Y. ; J. D. Springer, W.
H. Truesdale, W. D. Washburn, Minneapolis, Minn.
R. R. CABLE, President Chicago, 111.
W. H. Truesdale, Vice-President and General Jlfawa^er.Minneapolis, Minn.
Sec. and Treat.— Joseph Gaskell. . .Minneapolis, Minn. I Auditor—!?. J. Hyman Minneapolis, Minn.
Superintendent— -T. E. Clarke Minneapolis, Minn. | Transfer Agents— Morton, Bliss & Co.New York, X. Y.
PRINCIPAL OFFICE AND ADDKESS Minneapolis, Minn.
Transfer Office. . New York, N. Y.
MINNEAPOLIS EASTERN RAILWAY COMPANY.
T . * i> j i North Minneapolis to South Minneapolis, Minn 1.5
,oa<l.— -j St p., M. & M. Ry. to Pillsbury M.ll 1.7—3.2 miles.
Sidings, 0.8 mile. Gauge, 4 ft. 8£ in. Rail (steel, 3.1 miles), 60 Ibs.
History. — Chartered in 1878; road opened June 1, 1879. The Minneapolis Eastern Ry.
Co. is owned jointly by the Chicago, Milwaukee and St. Paul Ry. Co. and the Chicago, St.
Paul, Minneapolis and Omaha Ry. Co. It is used merely for switching business, and its stock
and bonds are held by the companies named.
Rolling Stock. — Locomotive engine, 1. Service car, 1.
Operations for year ending December 31. 1886. — Train mileage (freight and mixed),
25,680 miles. Tons of freight moved one mile, 344,727 ; average ton-mile rate, 9.71 cents.
Freight earnings, $33,469.75. Operating expenses — maintenance of way, $5,333.09 ; build-
ings, $93.61 ; rolling stock, $1,403.52 ; transportation, $10,291.79 ; general, $3,306.95— total,
$20,433.96. Net earnings, $13,035.79. Paid interest on bonds, $10,500 ; taxes, $21.79— total,
$10,521.79. Surplus, $2,513.82.
Financial Statement, December 31, 1886.— Capital stock, $30,000 ; funded debt, 1st
mortgage 7 per cent. 30-year bonds, due January 1, 1909, interest January and July, $150,000;
accounts, $1,599.37 ; interest accrued, $78,500 ; other liabilities, $32,000— total, $292,349.37.
Contra : Cost of road and equipment, $252,985.39 ; fuel, $608.57 ; due from individuals and
companies, $6,623.50 ; cash, $8,407.49 ; profit and loss, $23,724.42.
Annual meeting, second Tuesday in June.
Directors. — J. S. Pillsbury, C. H. Prior, Minneapolis, Minn.; E. W. Winter, J. D. Howe,
J. A. Chandler, J. M. Whitman, J. T. Clark. St. Paul, Minn.; P. M. Myers, Roswell Miller,
Milwaukee, Wis.
JOHN S. PILLSBURT, President Minneapolis, Minn.
Secretary and Treas.—C. H. Prior. .Minneapolis, Minn. | Auditor-Is. A. Robinson St. Paul, Minn.
PRINCIPAL OFFICE AND ADDRESS Minneapolis, Minn.
MINNEAPOLIS, LYNDALE AND MINNETONKA RAILWAY COMPANY.
Main Line of Road. — Minneapolis, Minn., to Excelsior, Minn 20
MinnebaJia Branch : 31st Street Junction to Minnehaha Falls, Minn 6—26 miles.
Sidings, 5 miles. Gauge, 3 ft. Rail (steel, 10 miles), 30 Ibs.
History. — Organized June 7, 1878 ; road opened to Lake Calhoun in July, 1879 ; to Lake
Harriet in 1880 ; to Lake .Minnetonka in 1881, and to Excelsior, July 20, 1882. The Minne-
POOR'S MANUAL OF RAILROADS. 819
haha branch was built under the charter of the Minneapolis, Minneliaha and Fort Snelling
By. Co. (articles filed June 30, 1884), and was completed and opened for business in 1884.
Subsequently it was consolidated with this company. Application for the appointment of a
receiver for this road has recently been made on behalf of the mortgage trustee, default being
alleged in payment of bond interest due in October, 1884.
Rolling Stock.— Locomotive engines, 1 ; motors, 6. Cars— passenger, 88 ; baggage, etc.,
1 ; freight (box, 1 ; platform, 9 ; coal, 1), 11— total. 50. Also, 5 hand cars.
Operations for year ending June 30, 1886.— Passengers carried, 976,877 ; carried one mile,
3,956,934 ; average mile rate, 2.13 cents. Earnings— passenger, $81,432.74; other, $2,961.71
— total, $84,394.45. Expenses — maintenance of way and buildings, $12,267.59; rolling stock,
$16,183.49; general expenses, $15,867.19 ; transportation, $40,366.52— total, $84,684.79. De-
ficit, $289.34. Payments : Additional equipment, $34,160.24 ; real estate, $21,727.50; .axes,
$630.61 ; construction, $24,719.35— total, $81,237.70.
Financial Statement, June 30, 1886.— Capital stock (authorized, $1,000,000), $3&5,000;
funded debt, 1st mortgage 6 per cent. 30-year bonds, dated April 1, 1881, interest April and
October, at Farmers' Loan and Trust Co., New York, $270,000 ; bills payable, $108,479.01 ;
interest on bonds, $34,950; other liabilities, $174,167.22— total, $972,590.28. Contra: Cost
of road, $691,118.83; materials and supplies, $15,274.74; equipment, $113,514.53; bills re-
ceivable, $100; other property and assets, $96,257.22 ; cash, $27,373.67 ; deficit, $28,957.24.
Annual meeting, first Tuesday in August.
Directors.— Peter S. Mackay, C. A. Pillsbury, J. K. Sidle, 8. S. Small, E. II. Steele,
Minneapolis, Minn.
SANFORD S. SMALL, President and General Manager . . .Minneapolis, Minn.
Chas. A. Pillsbury, Vice- President Minneapolis, Minn.
Treasurer— J. K. Sidle Minneapolis, Minn. | Sec. and Aud.— Peter S. Mackay — Minneapolis, Mian.
PRINCIPAL OFFICE AND ADDRESS Minneapolis, Minn.
MINNEAPOLIS UNION RAILWAY.
Line of Road. — Across Mississippi River at Minneapolis (inc. Bridge) 2.6 miles.
2d track, sidings, etc., 6.8 miles. Gauge, 4 ft. 8£ in. Rail (steel, 8.65 miles), 56 Ibs.
History. — This company was chartered December 1, 1881, and on September 1, 1884,
opened its stone arch railroad bridge across the Mississippi River for business.^ The line
forms a connection between the lines of the St. P., M. & M. Ry. on both sides of the river in
the City of Minneapolis proper, and in addition to that property it operates the Minneapolis
Union and East Side stations, furnishing track and depot facilities to tlie St. P., M. & M.,
Chic. St. P., M. & Omaha, Northern Pacific, Wisconsin Central and St. Paul and Duluth RRs..
Operations for year ending December 31, 1885.— Trains handled, 22,813 ; cars handled,.
89,658. Receipts : Rentals, $221,260.40 ; sale of bonds, $47,000 ; other receipts, $102,234.95
—total, $370,495.35. Payments: Expenses, $43,960.35; interest on bonds, $127,170; con-
struction, $120,382.25 ; sundries, $5,478.67— total, $296,991.27. Net surplus, $78,504.08.
Financial Statement.— Capital stock authorized, $1,000,000; subscribed, $500,000.
Funded debt, 1st mortgage 6 per cent. 40-year $1,000 bonds, due March 1, 1922, interest Janu-
ary and July, $2,150,000. Cost of road, etc., $2,308,158.10. Annual meeting, first Tuesday
in August. " Books close ten days prior thereto. Trustee of bonds, Central Trust Co., New
York, N. Y. Interest payable at New York, N. Y.
Directors (elected May 4, 1885).— Allen Manvel, James J. Hill, Edward Sawyer, W. S.
Alexander, A. H. Bode, St. Paul, Minn.; R. C. Benton, H. V. Dougan, Minneapolis, Minn.
JAMES J. HILL, President St. Paul, Minn.
Allen Manvel, Vice-President St
E. Sawyer, Treasurer St- Puul. Minn..
H. V. Dougan, Secretary and Superintendent Minneapolis, Minn.
PBINCIPAL OFFICE AND ADDRESS Minneapolis,, Minn.
820
POORS MANUAL OF RAILROADS.
MINNESOTA AND NORTHWESTERN RAILROAD COMPANY.
Main Line of Road. — St. Paul, Minn., to Dubuque, la 253
Lyle Branch : Hayfield, Minn., to Lyle, Minn 28
Manley Junction Branch : Lyle, Minn., to Manley Junction, la 20—301 miles.
2d track, 4 miles ; sidings, etc., 40 miles. Gauge, 4 ft. 81 in. Rail (steel), 60 Ibs.
The company uses the St. Paul and Northern Pacific RR. from Minneapolis to St. Paul,
10 miles, under a lease running for 999 years from December 21, 1885. The line from Lyle
to Manley Junction is leased to the Central Iowa Ry. Co.
History. — Chartered March 4, 1854, and road opened from St. Paul to Lyle, Minn., a dis-
tance of 109 miles, October 8, 1885. The branch to Manley Junction was completed Novem-
ber 28, 1885. The line from Hay ward, Minn., to Dubuque, la., 172 miles, was completed
December 1, 1886. Of this line, from Dubuque to Compton, 50 miles, was built by the Du-
buque and Northwestern Ry. Co., from Dubuque to Durango, 8 miles, having been built in
1885, and the rest in 1886. The Dubuque and Northwestern Ry. Co. was consolidated with
this company in November, 1886, stockholders of the former receiving 60 per cent, in com-
mon and 40 per cent, in preferred stock of this company.
The Minnesota and Northwestern RR. Co. of Illinois is building an extension of this road
from East Dubuque to Chicago, to be completed by November 1, 1887. It is leased to thia
company for 999 years from December 27, 1886.
In January, 1887, the company purchased the Dubuque and Dakota road, extending from
Sumner to Hampton, la. , a distance of 63 miles.
The average mileage operated during 1886 was 116.67 miles, 110 miles having been
worked for first eleven months and 190 miles during month of December.
Boiling Stock, January 1, 1887. — Locomotive engines, 44. Cars — passenger, 20 ; sleep-
ing, 4 ; parlor, 4 ; dining, 2 ; baggage, mail and express, 12 ; freight (box, 1,320 ; stock,
160 ; platform, 220; coal, 100; refrigerator, 10), 1,810 ; caboose, 34— total cars, 1,886.
Operations for year ending December 31, 1886. — Traffic statistics not reported. Earn-
ings—passenger, $117,363.02 ; freight, $356,635.48 ; mail and express, $18,183.93 ; other,
$31,624.02— total, $523,806.45. Expenses— maintenance of way, $48,826.28 ; cars, $27,507.-
69 ; transportation, $230,955.27 ; miscellaneous, $29,427.01— total, $336,716.25. Net earn-
ings, $187,090.20. Add interest and dividends, $2,732.50; rentals, $13,554.30— total avail-
able revenue, $203,377. Payments : Interest on bonds, $142,445.81 ; on debt, $2,211.03 ;
taxes and insurance, $11,112.46— total, $155,769.30. Balance, surplus, $47,607.70. Surplus
from last year, $2,837.98. Surplus as per balance sheet, $50,445.68.
General Balance Sheet, December 31, 1886.
Cost of Road— 300.42 miles $11,382,939 70
Cost of Rolling Stock 895,323 35
Real Estate and Buildings 1,057,826 91
Stocks and Bonds Owned 88,129 13
Materials and Fuel 25,912 58
Current Accounts 183,97007
Cash on Hand. . . 36,701 20
Capital Stock, Common $4,506,300 00
Capital Stock, Preferred 3,004,200 00
Funded Debt Outstanding 5,719,000 00
Current Accounts 292,553 60
Profit and Loss... 48,30366
Railroad Income 50,445 68
Total Assets $13,620,802 94 Total Liabilities $13,620,802 94
Funded debt consists of first mortgage 5 per cent. 50-year bonds, due July 1, 1934, inter-
est payable January and July. They are $1,000 coupon bonds, with privilege of registration.
Interest payable at New York agency or in London, at the option of the holder ; but if in
London, at the fixed rate of 49£ pence to the dollar. Trustees : Metropolitan Trust Co., New
York, and Robert Benson, London.
Since December 31, 1886, the company has issued $2,593,000 more of these bonds, of
which $1,585,000 were on account of 97.08 miles of the road in Illinois, and $1,008.00 for the
Dubuque and Dakota road.
Annual meeting, Wednesday after first Tuesday in June. Transfer books will close for
annual meeting and for dividend payments 30 days prior to each. Preferred stock is entitled
POOR'S MANUAL OF RAILROADS. 821
to 7 per cent, non- cum illative dividends before any are paid on common. Metropolitan Trust
Co., New York, registrar of stock.
The item real estate, buildings, etc., in the general balance sheet consists of cost of
bridge over Mississippi River at St. Paul, $212,190.89 ; cost of St. Paul terminals (about 45
acres), $355,000.12 ; cost of Minneapolis terminals (about 15 acres), $374,891.68 ; cost of new
shops at St. Paul, including grounds, $115,744.22.
The mortgage provides for an issue of bonds at the rate of $16,000 per mile of completed
single track road ; an additional $4,000 per mile for depot grounds and terminal facilities in
cities of over 50,000 inhabitants, and bridges over the Mississippi and Missouri Rivers, and
$8,000 per mile for each mile of completed double track. The bonds outstanding are at the
rate of $19,000 per mile.
MINNESOTA AND NORTHWESTERN RAILROAD of Illinois.— Chicago. 111., to .:ast Du-
bnque, III., 177 miles. Chartered February 15, ISSti, and 42 miles of roud completed by December 31, 1880. It is
intended to complete It by November 1,1887. Leased for 999 years from December 27, 1886, to the Minnesota
and Northwestern RR. Co., which owns all of the capital stock but a few shares held by directors. The road is
covered by the Minnesota and Northwestern mortgage, and bonds have been issued on it to the amount of gl,585,-
000. A. F. SOHIFFMAN, President ; W. B. Bend, Secretary, St. Paul, Minn.
Board of Directors Minnesota & N. W. RR. Co.
M. Auerbach St. Paul, Minn.
S. C. Stickney St. Paul, Minn.
A. Oppenheim St. Paul, Minn.
William Dawson St. Paul, Minn.
R. A. Smith St. Paul, Minn.
Win. L. Boyle New York. N. Y.
Ker D. Dunlop Sibley, la.
C. F. Benson Sibley, la.
A. B. Stickney St. Paul, Minn.
W. R. Merriam St. Piul, Minn.
C. W. Benson St. Paul, Minn.
C. Livingston St. Paul, Minn.
A. B. STICKNEY, President : St. Paul, Minn.
C. W. Benson, Vice- President St. Paul, Minn.
Treasurer— W. B. Bend St. Paul, Minn. I Sec. A Solicitor— John I. Thompson St. Paul, Minn.
General Manager— Raymond DuPuy...St. Paul, Minn. | Auditor— F. W. Davis St. Paul, Minn.
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
Transfer Office New York Office of the Company, 40 Wall Street.
NORTHERN PACIFIC RAILROAD COMPANY.
Lines of Road. —
Dulutb, Minn., to N. P. Junction, Minn, (joint ownership) .................. 23.18 miles.
N. P. Junction, Minn., to Wallula Junction, W. T .......................... 1,651.60 miles.
Northern Pacific Junction, Minn., to Ashland, Wis ......................... 87.50 miles.
Portland Or., to south bank of Columbia River, opposite Kalama, W. T ...... 38.00 miles.
Kalama, W. T., to Tacoma, W. T .......................................... 105.20 miles.
Cascade) Tacoma, W. T.,to 50th mile ........... ................. 50.00
Branch:) Pasco, W. T., to Ellensburg, W. T ....................... 127.50— 177.50 miles.
Superior, Wis., across St. Louis Bay, to Duluth, Minn ....................... 7.20 miles.
No. Pac. andPuget Sound Shore RR. : Puyallup, J., W. T., to Stuck, J., W. T. 7.00 miles.
No. Pac. and Cascade RR.: So. Pr. to Wilk'n, Carbonado and So. Pr. Coal F'ds 10.40 miles.
( St. Paul and NortJiern Pacific Ry. : Brainerd to St. Paul, Minn ---- 138.38 miles.
Leased : j^ p ^ andM. Ry. : Trackage, Minneapolis and St. Paul, Minn. . 10.20 miles.
Total length of lines owned and leased ................................. 2,256.16 mileg.
BRANCH LINES OPERATED BY NORTHERN PACIFIC RR. Co. :
Little Falls and Dakota RR ............ ' ........................... 87.85
Northern Pacific, Fergus Falls and Black Hills RR ................. 117.10
Fargo and Southwestern RR ....................................... 87.40
Sanborn, Cooperstown and Turtle Mountain RR ..................... 36.50
Jamestown and Northern RR ...................................... 102.50
James River Valley RR ........................................... 49.00
Rocky Mountain RR. of Montana .................................. 51.70
Helena and Jefferson County RR ................................... 20-10
Total length of all lines June 30, 1886 ........................... ' ...... 2,808.31 miles.
Gauge, 4 ft. 8£ inches. Weight of rail per yard, 56 Ibs.
On December 31, 1886, the total length of main tracks had been increased to 2,954.2 miles,
with 398 miles of sidings, second and other tracks. Total length of track owned, 2,408.5
822 POOR'S MANUAL— NORTHERN PACIFIC RR. co.
miles, of which 2,015.2 miles are steel. Total length of leased lines, December 31, 1886, in-
cluding the joint St. Paul and Duluth track, 834.2 miles ; sidings, etc., on same, 109.5 miles —
total, 943.7 miles, of which 558.7 miles are steel.
History. — The Northern Pacific RR. Co. was chartered by act of Congress in 1864. The
construction of the road was begun in July, 1870, and early in 1874 there had been completed
530.50 miles of its line. The depression following the panic of 1873 caused a suspension of
construction on the main line until the spring of 1879. Default was made in January, 1874,
and in 1875 the company was reorganized. (See MANUAL for 1885, page 718, for full history
of this company.) On August 22, 1883, the main line was completed from N. P. Junction to
Wallula J unction, and on the 9th of September following, that event was formally celebrated.
The line between N. P. Junction and Duluth, 23.18 miles, is owned jointly with the St. Paul
and Dulath RR. Co., each company contributing to its maintenance on the basis of train mile-
age. For statement showing the progress of construction on the main line and branches, see
MANUAL for 1886, page 10.
The most important line upon which construction was in progress during 1884-5 was the
Cascade branch. In 1876 the line fromTacoma to Wilkeson was built as a section of the Cas-
cade branch provided for in the company's charter ; but later developments caused an aban-
donment of that project, and in 1883, a new route having been adopted, the work of construc-
tion was begun at both ends. Sixty-five miles of the gap remaining uncompleted at the close
of the fiscal year 1885, was completed during the past fiscal year, the approximate cost of
same being $1,840,000.
The work of constructing the tunnel, 1.9 miles long, was let January 21, 1886, and is to be
completed by the summer of 1888. The work of constructing the 47 miles from Ellensbarg,
W. T., to the east end of the tunnel, and from the end of the track on the west side of the
mountain to the west end of the tunnel, 27 miles, and a switchback over the mountains, to be
used pending the completion of the tunnel, was let June 1, 1886, and will be completed early
in the winter of 1887. The total cost of the 75. 50 miles, including the tunnel and switchback,
will be $3,500,000.
The total cost of the Cascade branch from Pasco to Tacoma, including the cost of the tun-
nel, but not including a bridge across the Columbia River, will be $8,000,000, averaging $31,-
620 per mile for the 253 miles. The St. Paul and Northern Pacific Ry. has been extended
from Minneapolis to St. Paul, and several spur lines have been constructed.
The cost of the several divisions of the road that have been built since the resumption of
work in 1879 to the close of the fiscal year ending June 30, 1885, is shown on page 9 of the
MANUAL for 1886.
The St. Paul and Northern Pacific Ry. and the lines built by the Oregon and Transconti-
nental Co. are controlled under agreements, the terms of which are given in the statements
for the several lines. The results of their operations during the past fiscal year and the con-
current liability of the Northern Pacific RR. Co. are shown elsewhere in this statement.
Rolling Stock, June 30, 1886. — Locomotive engines, 386. Passenger train cars : Pas-
senger (1st class, 48 ; 2d class, 53 ; 3d class, 11 ; chair, 2 ; emigrant sleeping, 35 ; diuing, 13),
162 ; passenger and baggage, 5 ; baggage, mail and express, 84 ; superintendents', 7 ; busi-
ness, 7 — total, 265. Also one-half interest in 23 Pullman sleeping cars. FreigM train cars :
box, 4,787 ; flat, 2,595 ; stock, 809 ; coal (8-wh., 437 ; 4-wh., 257), 694 ; beer, 46 ; fruit, 15 ;
caboose, 157 ; refrigerator, 71 ; boarding 88 ; pile-drivers, 9 ; steam shovels, 6 ; tool, 8 ; stone
derricks, 2 ; hand and push, 842 ; painters', 1 ; wrecking, 7 ; snow-plow, 1 ; velocipede, 47 —
total, 10,185. Total of all cars, 10,461^. The company also owns 3 steamers.
Operations for year ending June 30, 1886 (2,718 miles). — See tabulated statement.
Earnings.— Passenger 82,897,218 11
Freight 8,189,614 62
Mail 347,957 11
Express 241,769 02
Miscellaneous 53,968 34
Expenses.— Maintenance of Way $1.341.495 38
Maintenance of Care 605,95647
Motive Power l,9(K,5->7 20
Transportation 1,6S2,107 67
Miscellaneous and Taxes 634,477 02
Total ($4,315.87 per mile) 811,730,527 20 Total (§2,263.00 per mile) $6,156,263 74
POOR'S MANUAL— NORTHERN PACIFIC RR. CO.
Statement of operations, capital account, etc., for *even fiscal years, ending June 80 :
1880
1881
1882
1883
1884
1888
1886
Miles RR. (Aver.) Operated
722.00
648.579
764.00
797.00
1,497.00
*,4644M1
1.098,886
••n :.Vi C.-NI;
2.818.00
1,925,528
8,179,470
ir,Av;'.:i>»
liii r."i m,i
2,495.66
8,054,788
8,888,017
l/J.V,.^.
2,718.00
T2.-ll.on;
701,404
90.571. M-m
1,547,626
.. „.'- -
Hj^V'dir,
648,604
Pa-M'tiger Train Miles
Freight Train Miles
918.893
Passengers Carried
189,893
13.800,480
30r>.743
80,849,799
539,501
1,585,515
105,166
16,057!5H9
449,087
808,881
2,207,299
118,599
( :;:;s.i2;
Passenger Miles
Fni'lit (tons) Moved
Freight (ton) Miles
Passenger Earnings
1,802,261
3,909,423
1
2,099.74*
.YI'Kl.iisii
846.688
,. ,•>..,-,,
000,950
.T(i7:.>*2
'711,001
Freight Earnings
Other Earnings
Gross Earnings
2,230,182
1,389,236
2,994,519
1,872,840
8,578,841
7.».V.. I.V.I
6,094,160
1*408,678
7,177,755
11,284,150
8,198,801
Cl564tt6
Expenses and Taxes
Net Earnings
840,946
1,121,679
241,882
1,857,466
''l2!fJ24
•''''£•«. ?
5,l«V.K4!i
108,0*0
24,552
19,988
Interest and Dividends
Other Receipts
47,212
Total Revenue
840,946
131,857
159,587
1,363,062
152.550
6. 833,740
1,904,677
[ 1,043,870
2,778,317
i 848.704
1 1,849,062
' '412',401
' 8,981
'58l!l44
4,1*8,948
50,376
852,154
81,487
91,960
4,501 65
9,482 78
2,018 72
56.16 p. c.
3.32c.
1.78c.
2,029.58
5,890,098
670,748
' V:,.Y,:«
673.650
111.200
4.:;i.-i s7
2.2R5 00
2,05087
52.48 p. C.
3.02c.
1.67C.
2,107.68
Rentals
Interest
Sinking Fund
Guarantees to Branch Roads
Other Payments
Balance
5ii.663
84,589
3,088 89
1,924 16
1,164 74
62.29 p. c.
3.17C.
1.96c.
1.045.00
"'876,772
3,971 51
2,483 87
1,487 64
62.54 p. c.
4.10c.
2.29c.
1,203.00
118,275
747,522
6,813 43
4,482 86
2,:«0 57
65.80 p. c.
8.23 c.
2.02c.
31.908
1,149,588
5,2474 7
3,565 08
1,682 89
64.85 p. c.
8.76 c.
2.22c.
1,691.79
1,869.40
1,761.68
17!>.381
1,055,650
5,43726
3,09652
2,340 74
56.95 p. C.
3.44C.
1.980.
1,919.13
8,108.18
2,073 20
Earnings per Mile
Expenses per Mile
Net Earnings per Mile
Expenses to Earnings. . .
Aver, per Passenger per Mile
Aver, per Ton per Mile
Miles Road Owned
Miles Track Owned
1,113.50
696.00
71
27
15
1,478
288
1,275.64
850.00
104
48
15
2,653
340
Miles Steel Rail
Locomotives .
158
69
80
8,885
355
289
106
66
7,268
244
391
173
87
9.156
1,007
3!il
175*
87
8,996
971
386
17C3J
89
9,174
1,025
Passenger Cars
Baggage, etc., Cars
Freight Cars
Other Cars
Total Cars
1,808
$
49,000,000
43,412,645
3,881,835
3,056
$
49,000,000
42,312,589
21,586,800
4,919
$
49,000,000
41,909,132
24.610,500
7,674
$
49,000.000
•n.; in. t< i
39.522,200
4,640,841
10,423
49,000,000
39,807,068
01.iB.-i.4fK)
4,040,821
2,615,169
10499
$
49,000,000
88,610,584
67,733,500
765,980
10,461
4!l,(^UKKI
4,6404*1
888,8*4
808,180
Common Stock
Preferred Stock
Funded Debt
Dividend Script.
Bills Payable
489,083
720,088
10,432,043
Land Sales
8,205,964
10,212,899
11,183085
12,801,175
2,205,240
' 91 i960
Accounts Payable, etc
915,884
1,281,385
1,440,039
2,445,473
7,051,552
8408,484
16,814,085
1,149,688
;..>2.7oi
2.20.V2-KI
Profit and Loss
Total Liabilities
107,186,796
97,920,120
6,127,086
1,894,636
843,129
127,003,800
108,324,280
8,840,857
2,082,947
975,441
136.989,309
127,411,622
8,236,235
740,998
164, 059,238
149,693,520
4.'506!s41
2,578,058
180,087,634
16x.«07.«K
1.1 .-.7. 01 IS
2.1-.-2.4!«
2,504,576
8468,416
167,136.755
I."i.osn,:ss7
2,090,894
1,413,057
2.481,353
8430,791
lti'.i,2i 12.794
I-,.i.HK_i.:',7:i
T!l7K279
3, I.-S.W2
8,*804M7
Cost of Road, etc
Materials and Supplies
Sundry Accounts
Cash
401,825
11,774,275
2,341,599
3.861.785
Total Assets
107,186,796
127,003,800
136,989,399
164,059,238
180,067,684
167,136,765
10'.t.2i i2,7V4
b Charged temporarily to construction account.
Profit and Loss Account, June 80, 1888.
Balance June 30, 1885 $91,959 86
Gross Earnings $11 ,730,527 20
Expenses and TaxQS 6,156,263 74
NetEarnings 5,574,26346
Interest and Dividends ... 243,31913
Balance General Interest Account 52,578 15
Adjustment of Sundry Accounts 19,938 01
Total Receipts $5,982,05861
Rentals $670,748 30
Interest on Funded Debt. 4,389,094 45
Guarantees to Branch Roads 673,660 03
65,633 32
16,149 57
2JM12.-J 34
Maintaining Terminal Property at Portland
Depreciation, Transfer Steamer
Balance June 30, 1886 .- 203,15961
Total Payments $5,982,058 61
Rentals paid in detail ; St. Paul and Northern Pacific, $584,640.04 ; Northern Pacific Ter-
minal Co., $67, 752; St. Paul, Minneapolis and Manitoba, $21,434.83; Chicago, St. Paul,
Minneapolis and Omaha, $2,089.53; Minneapolis Union, $44,832.40— total, $670,748.30.
824
POOR S MANUAL — NORTHERN PACIFIC RR. CO.
General Balance Sheet, June 30, 1886.
Railroad, Telegraph, Equipmt. & Lands. $156,600,373 19
Sundry Stocks and Bonds 2,055,699 28
Cash in Hands of Trustees applicable
only to retirement of Bonds • 73,154 38
Trustees of Sinking Funds 581,694 40
Accounts Receivable 2,515,446 60
General Supplies on Hand 1,171,278 92
Deferred Payments Account Land Sales. 3,676,204 00
Proceeds of Land Sales 298,696 73
Cash 2,230,246 51
Capital Stock— Common. $49,000,000 00
Capital Stock— Preferred 38,058,310 99— $87,058,310 99
FundedDebt 72,877,321 20
Interest due and Accrued 1,882,301 79
Sinking Funds 618,19440
Bills, $883,824.08 ; Acc'nts, $2,193,281.53. 3,070,105 61
Suspense Account 24,184 92
Earnings Invested in Equipment 2,205,239 29
SalesofLand 1,256,97618
Profit and Loss 203,159 61
Total Assets $169,202,793 99 Total Liabilities $169,202,793 99
The preferred stock is convertible, at par, into any lands of the company, east of the Mis-
souri, in Minnesota and Dakota, and is also extinguished by the proceeds of all such lands
sold. This stock is entitled to 8 per cent, non-cumulative dividends from surplus earnings
after payment of all interest and sinking fund charges, cost of betterment and new equip-
ment. Of the original issue of preferred stock— $51,000,000— $12,941,689.01 have been ex-
changed for lands, etc. , and cancelled.
The deferred payments on account of land sales, amounting as per balance sheet to
$3,676,204, bear interest at the rate of seven per cent.:
Are applicable to retirement of Preferred Stock and
Bonds as follows :
Preferred Stock $1,259,065 46
General First Mortgage Bonds 982,526 13
M ssouri Division Bonds 260,845 16
= id d'Oreille Division Bonds 1,173,76725
And are outstanding on the following divisions :
Minnesota and Dakota Divisions $1,259,065 46
Montana and Pacific Divisions 982,526 13
Missouri Division 260,845 16
Pend d'Oreille Division 1,173,767 25
Total $3,676,20400 Total ; $3,676,20400
The funded debt outstanding June 30, 1886 ($72,877,321.20), consisted of—
dt mortgage (Mo. Div., 219.3 miles), 6 p. c. 40-year bonds, due May 1, 1919 ; interest May and Nov. $2,181,500 00
1st mtge. (Pend d'O. Div., 225 m.), 6 p. c. 40-year bonds, due Sept. 1, 1919; int. March and Sept 3,170,000 00
General 1st mortgage gold 6 per cent. 40-year bonds, due Jan. 1, 1921 ; interest Jan. and July 44.028,000 00
General 2d mortgage 6 per cent. 50-year bonds, due Dec. 1, 1933 ; interest April and October 18,857,000 00
Dividend Certificates dated 1883, due Jan. 1, 1888; interest 6 p. c., payable annually in January 4,640,821 20
Total funded debt as per General Balance Sheet $72,877.321 20
Less general first mortgage bonds purchased for sinking fund 365,000 00
Missouri Division mortgage bonds purchased for sinking fund 29,500 00
Pend d'Oreille Division mortgage bonds purchased for sinking fund 31,000 00
Total $425,500 00
Total interest-bearing funded debt 72,451,821 20
The annual interest charge on this amount is 4,320,559 27
The Missouri Division bonds, iu addition to being a first lien on that division of the rail-
road are further secured by a mortgage on the lands appertaining thereto ; and these bonds
are receivable at par and accrued interest in purchase of said lands. The bonds may also be
retired at any time with proceeds of land sales, or may be called in after five years from date
of bonds to the amount of one per cent, per annum for sinking fund. The original issue pro-
vided for was $2,500,000, being at the rate of about $12,000 per mile. The decrease from
this amount to that shown above was the result of the application of proceeds of land sales,
etc. Denominations, $100, $500 and $1,000. Holders of coupon bonds may register same.
The amount of bonds provided under the Pend d'Oreille Division mortgage was $4,500,000
— $20,000 per mile. Denominations, $500 and $1,000. Similar conditions apply to these
bonds as to those of the Missouri Division. The general mortgage bonds are issued at the
rate of $25,000 per mile of finished road only, secured by mortgage on the entire property
(Central Trust Co., trustee), except the lands in Minnesota and Dakota east of the Missouri
River, which, until default shall occur in any of the provisions of the general mortgage, are
pledged to the redemption of the preferred stock. Provision is also made for a reserve of
these bonds sufficient to retire the issue of bonds under the Missouri and Pend d'Oreille Di-
visions mortgage?. A cumulative sinking fund of one per cent, per annum of their amount,
POOR'S MANUAL— NORTHERN PACIFIC RR. CO.
825
commencing five years after the date of the bonds, payable to the trustees, is also provided.
Redemptions for the sinking fund will be made by purchase at the current market price, not,
however, exceeding 110 and interest, and if bonds cannot be purchased at that price, the
trustees may designate by lot and call iu bonds for redemption at 110 and interest. These
bonds are receivable for lands at 110. Denominations— coupon, $1,000, with provision for
registration ; registered certificates (principal and interest), $5,000. The second mortgage
lends are of similar denominations. The dividend certificates were issued for purposes stated
in last MANUAL.
In addition to its bonded debt, as above, the Northern Pacific RR. Co. is liable under
guarantee for interest and sinking fund charges on bonds of branch roads, amounting to
$10,798,000—120,000 per mile on the 552.15 miles in operation at the close of fiscal year, as
shown in the following statement :
Description of Mortgages.
Date of —
Annual Interest.
Amount
Outstand-
ing.
Annual
Interest.
Charge.
Sinking
Fund
Charge.
Issue.
Maturity.
Rate.
When
Payable.
Fargo & Southwestesn, 1st mtge.
Helena & Jeff. Count v, 1st mtge.
James River Valley RR., 1st mtge
Jamestown & Northern. 1st mtge
Little Palls & Dakota, 1st mtge. .
N. P., Fergus & Black Hills, 1st m
Rocky Mountain, 1st mtge
1882
1884
1886
1882
1882
1882
1888
1883
Oct. 1 1922
Jan. 1 1924
Jan. 1 1936
Oct. 1 1922
Oct. 1 1922
Oct. 1 1922
Oct. 1 1923
Apl. 1 1923
P-6C'
6
6
6
6
6
6
6
Apl. & Oct.
Jim. & July
Jan. & July
Apl. & Oct.
Apl. & Oct.
Apl. & Oct.
Jan. & July
Apl. & Oct.
I
1,74H.(XV>
40-,',000
735,000
2,050,000
1,757,000
2,342,000
1,034,000
730,000
$
101. SMI
2-1,120
44,100
Itfi.UH
105.420
140,520
62,040
43,800
17,480
4,020
7,350
20,500
17,570
23.420
10,340
7,300
Sanborn,C'prst'n & T. M., 1st mtg.
The James River Valley RR., extending from Jamestown to Oakes, Dak., 64.2 miles, and
the Spokane and Palouse Ry., now under construction from Marshall to Belmont, 43 miles,
have been leased to this company. The capital stock of each of these companies is deposited
in trust until the bonds of that company shall be paid, when its entire capital stock becomes
the property of this company. The bonds of the James River Valley RR. have been issued
at the rate of $15,000 per mile, amounting to $963,000; and of the Spokane and Palouse Ry.,
at the rate of $16,000 per mile, amounting to $688,000, both bonds bearing interest at the rate
of six per cent, per annum.
A traffic contract has been made with the Helena and Red Mountain RR. Co., running
from Helena, Mont., to Rimini, 15 miles. This company guarantees the payment of interest
on the bonds of that company, amounting to $400,000, at the rate of six per cent.
During the past fiscal year the gross earnings of the St. Paul and Northern Pacific Ry.
were $1,336,600.12, of which 40 per cent. ($534,640.04) was paid as rental. The dividends on
stock of that company owned by the Northern Pacific RR. Co., paid and accrued during the
year, amounted to $300,000. "The excess of amount paid on account of the branch roads,
vi7. : $464,853.16, is more than made good to the company by the earnings on the main line of
the Northern Pacific road, and on the St. Paul and Northern Pacific roads, from business se-
cured to those roads by the branches, which amounted to $1,097,966.17. The advantages of
the branches will become more apparent year by year, as the adjacent country is more fully
occupied and cultivated.
" The Oregon and California RR. Co. has continued in default on its proportion of the rental
of the Northern Pacific Terminal Company's property, and this company and the Oregon Rail-
way and Navigation Company have continued to pay the deficit. The amounts of these pay-
ments are charged to the Oregon and California RR. Co., and it is expected that upon the set-
tlement of the affairs of the Oregon and California RR. Co. now in litigation the payments
on their account will be returned." (See statement for NORTHERN PACIFIC TERMINAL Co.)
Land Grant. — This company received from Congress a land grant of 20 sections, or 12,-
800 acres to the mile within the States (Wisconsin, Minnesota, and Oregon), and of 40 sec-
tions, or 25,600 acres to the mile within the Territories (Dakota, Montana, Idaho, and Wash-
ington), through which its road passes. The nominal extent of this land grant is about 4'V
POOR 8 MANUAL OF RAILED ADS.
000,000 acres. By the construction of its road previous to June 30, 1879, the company claimed
to have earned 10,579,200 acres— 7,891,200 in Minnesota and Dakota, and 2,688,000 in Oregon
and Washington Territories. Against this there had been certified to the company 746,390
acres. The total sales to same date, had been 2,812,129 acres, of which 686,000 were sold be-
fore the reorganization. By the completion of the main line of road the company acquires
title to the total extent of the grant.
Statement showing the operations of the land department by divisions for the year end-
ing June 30, 1886. The net land sales only are given, the cancelled sales being deducted:
Divisions.
Land Sales.
Town Lot
Sales.
Total.
Receipts.
Expenses.
Net
Receipts.
Deferred
Payments
June 30,
1886.
Acres.
Amount.
No.
Amount.
Minn, and Dakota..
Missouri
125,648 01
12,466.64
107,551.41
125,259.23
S
592,371 12
40,651 37
369,179 85
374,642 04
17
400
79
206
S
50500
67850
10,640 00
5,559 25
$
592,876 12
41,329 87
379,819 85
380,20129
$
604,062 43
82,470 30
197,198 15
245,201 71
$
88,423 60
34,280 75
53,922 59
123,056 69
515,638 74
48,189 55
143,27556
122,145 02
1,259,065 46
260,845 16
1,173.76725
982,526 13
3,676,204 00
Pend d'Oreille
Mont, and Pac
Totals
370,925.29
1,376,84438
702
17,382 75
1,394,227 13
1,128,93259
299,68372
829,248 87
The total number of purchasers of land during the year was 1,440, showing an average
of 257.66 acres to each. The receipts from Minnesota and Dakota Division laud sales in-
cluded $552,273.33jin preferred stock, which is received at par for lands sold on that division.
The expenses of this division over cash receipts were $36,634.59. The amount of preferred
stock received for lands was in 1885, $1,196,484.08; in 1884, $1,725,570.70; in 1883, $483,058,
and in 1882, $596,986.75.
The land grant to the company was conditioned upon the completion of its road prior to
July 1, 1876 ; but subsequently an extension of three years was granted. The Department
of the Interior at Washington has recently declined to certify lands to the company for mile-
age constructed since July 4, 1879. The company, on the other hand, claim the grant to be
a continuing one.
Within the States the company was allowed to go beyond the 20 mile limits, provided
the 20 sections of the public or unoccupied lands could not be found within those limits.
Sales during 1885-86, 383,551.34 acres ; amount, $1,426,807.01 ; average per acre, $3.71.
Sales cancelled, 12,626.05 acres, representing $49,962.63 deferred payments. Town lots sold,
702, for $17,382.75. Timber and miscellaneous sales, $53,921.75.
Following is the acreage selected and certified to the company up to June 30, 1886 :
State or Territory. Granted Limits.
Wisconsin 2,195.30
Minnesota 1,334,096.68
Dakota 5,442,880.70
Montana 1,195,811.35
Idaho
Washington . . . , 143,716.37
Oregon
Indemnity Limits.
6,436.75
694.284.58
1,104,438.13
648.019.62
9,450.13
633,120.75
245,386.39
Total.
8,632.05
2,028,381.26
6,547.31883
1,843,830.!(7
9.450.13
776,837.12
245,386.39
Totals 8,118,700.40 3,341,136.35 11,459,836.75
Annual meeting, third Thursday in September ; boobs close about three weeks prior
thereto. Interest en bonds payable at the office of the treasurer in New York. Only stock-
holders of record allowed to vote. Trustees of bonds, Farmers' Loan and Trust Co. and the
Central Trust Co. of New York, N. Y. Registrar of stock, Farmers' Loan and Trust Co.
Stock and first and second mortgage bonds listed on the New York Stock Exchange.
RAILROADS LEASED OR OWNED BY THE NORTHERN PACIFIC RR. Co.
FARGO AND SOUTHWESTERN RAILROAD.— Fargo. Dak., to La Moure. Dak., 87.40 miles.
Completed to La Moure, July 30. 1883. Projected to Fort Yates, 200 miles fror.i Fttrgo. This road, the Helena
and Jefferson County Railroad, the Jamestown and Northern Kailroad. the Little Falls and Dakota Railroad, (he
Northern Pacific, Fergus and Black Hills Railroad, the Rocky Mountain Railroad of Montana, and the Sanborn,
Cooperstown and Turtle Mountain Railroad constitute a system of branch roads constructed in the interests of
the Northern Pacific RR. Co. by the Oregon and Transcontinental Co., and operated by the Northern Pacific
Company, which agrees that, after the expiration of two years from the completion of each section of the branch
roads, the net earnings thereof shall amount in each year to enough to pay the interest on the bonds issued for
construction, and the sinking fund charges as they become payable, until the bonds are paid. The capital stock
POOR'S MANUAL OP RAILBOADS. 827
, , , April
t ; George II. Karl, Secretory; linl.i. I.. Hdkimp, Treaturer,
ELENA AND JEFFERSON COUNTY RAILROAD. J< fT TM,I, .Jm.ci M-.nt.,
9
WE
».
10 miles Road completed. December, 18N3. Operated bv Northern I'M ill.- KR. Co
TESTERN RR. Capital stock, $20,000 per mile: funded ifebt, 1st ;,-rmile.
. 1. *L ER, Pres-tdenf, ; (ieorge H. Earl, Secrt ttiry ; Robt. Lenox Helknap, Tretvmrrr, New \ork, N. V.
rr i fP&^Fl- AND RED MOUNTAIN RAILROAD. K. .1 Mouni:iiu Junction <i.!i miles from
Helena), Mont., to Rimini, Mont., 15.8B miles, sidings, i.a.-. mil. ••< This road WHS hull- i-i.-i.-d
2t,w^?™^r^. 8t ?'^nr:. T,h? road '." Iea8ei1 '." ""' Nor""'"' Pacific KK. Co.. which guarante. s inter.
year
The
ind
re payable
Is are guaranteed. T
". Earl, secretary. New York,
JAMES RIVER VALLEY RAILROAD. -Jamestown to Oakcs, Dak., 64.2 miles. Road opened
in November, 1885. Leased for 999 years to Northern Pacific RR. Co.; rental, ii.terc-t on bonds and sinking fund
charges. Capital stock ($15,000 per mile), $9<>3,000 ; funded debt, 1st mortgage li per cent. 50-year ..-old sinking
fund $1,000 bonds, due January 1. 1986. interest January and July at No. Pac. office. New York ($15,000 per mile),
$963.000. Bonds listed on New York Exchange. Trustees : Farmers' Loan and Trust Co.. New "> ork. ROBERT
HARRIS, President ; George H. Earl, Secretary ; R. L. Belknap, Treaturer, 85 Wall Street, New York. N. Y.
JAMESTOWN AND NORTHERN RAILROAD.-Jamestown to Minnewnukan. Dak., 89.60;
Sykeston brunch, .Carrington to Sykeston, Dak., 18.90— total, 102.50 miles. Main line op, i,. ,i to New Kockford,
64.10 miles, November 8,1883; to present terminus August 10, 1885; branch line opened September -A'. I'-M.
Projected to run to the northern boundary of Dakota, a distance of 160 miles from Jamestown. Capit:.l stock,
$20,000 per mile ; funded debt, 1st mortgage 6 per cent, bonds, dated October 2, 1882, due October 1, l<c,'2. interest
April and October, $20,000 per mile. See FARGO AND SOUTHWESTERN RR. ROBERT HARRIS, ,' ' ieorge
H. Earl, Secretary ; Robt. Lenox Belknap, Treasurer, New York, N. Y.
. LITTLE FALLS AND DAKOTA RAILRO AD.-Little Falls, Minn., to" Morris, Minn., 87.86
miles. Capital stock. *20,000 per mile; funded debt, 1st mortgage 6 per cent, bonds, £20,000 permile. See FAIMJO
AND SOUTHWESTERN RR. ROBERT HARRIS, President; George H. Earl, Secretary ; Robert L. Belknap, Treaturer,
New York, N. Y.
bonds, dated October 2, 1882, due October 1, 1922, interest April and October, $20.000 lier mile.' See FARGO AND
SOUTHWESTERN RR. ROBERT HARRIS, President: George H. Earl, Secretary ; Robt. Lenox Belknap, Treuturer,
New York, N. Y.
ROCKY MOUNTAIN RAILROAD OF MONTANA.-Llvingston, Mont., to Cinnabar, Mont.,
51,70 miles. Road completed September 22, 1888. Capital stock, £20,000 per mile ; funded debt, $20,000per
mile. See FARGO AND SOUTHWESTERN RR. ROBERT HARRIS, President ; George H. Earl, Secretary ; R. L. Bel-
knap, Treasurer, New York, N. Y.
SANBORN, COOPERSTOWN AND TURTLE MOUNTAIN RAILROAD.-Sanborn.
Dak., to Cooperstown, Dak., 3(5.50 miles. Chartered July 22, 1882; road opened September 22, iss:j. Projected
to run to Turtle Mountain, Dak., a distance of 200 miles from Sanborn. Capital stock, ?2t),(»X> per mil* : funded
debt, 1st mortgage bonds, $20,000 per mile. See FARUO AND SOUTRWKBTKBH RR. ROBERT HARRIS, Pres,
George H. Ear), Secretary ; Robt. Lenox Belknap, Treasurer, New York, N. Y.
SPOKANE AND PALOUSE RAILWAY.— Marshall, Wash. Terr., to Belmont, Wash. Terr., 48
miles. Leased to the Northern Pacific RR. Co. for 999 years, that company agreeing to pay as part rental the
interest on bonds, and semi-annual instalment!" for the si.ikinsr fund sufficient to redeem the bonds at or before
maturity. Financial Statement.— Funded debt, $16,000 per mile, 1st mortgage sinking fund gold 50-year $1.000
bonds, due May 1, 1936, interest payable May and November 1 at office of N. P. RR. Co. in New York City.
Trustees: Farmers' Loan and Trust Co. A. M. CANNON, President; A. A. Newbery, Secretary ; George I.
Baxter, Treasurer. GENERAL OFFICE, Mills Building, New York City.
137
of Mi
remain unsold? On May 9, 1883, .company was reorganized under the present name, and the road leased for 999
years to the N. P. RR. Co., at a rental of 40 per cent, of gross earnings, guaranteed to be equal to bond interest.
In 1882 the N. P. RR. Co. purchased, in the interest of this company, 43 feet of the right of wav of the St. Paul,
Minneapolis and Manitoba HR. Co., from Sauk Rapids, southeast to Manitoba Junction. »nd shortly after its re-
orwanization this company began the construction of an extension of its line from Sank Rapids via Manitoba
Junction and Minneapolis to St. Paul, which was completed and opened to Minneapolis July i, isst, and to St.
Paul (an addition of 12.28 miles), in February 1,1880. To pay for the construction of tin- exMision to Minnea-
polis and St. Paul, for the purchase of real estate, to provide terminal facilities in and between those cities, and
for various other purposes authorized by the amended Articles of Incorporation, the company made provision for
an issue of $10,000,000 1st mortgage 6 per cent. 40-year gold bonds coupon or registered), due February 1. I'.fcM. in-
terest payable coupon February and August, and registered, February, May. August, and November, at office of
Winslow Lanier & Co., New York. Of these bonds, $6,000,000 have In en N-Ued to provide for the extension
and improvements above mentioned. The prior lien Western Minnesota bonds (original issue $740,000). out-
standin^ January 1 1887, amounted to $438,000, and for their redemption an equal amount of Ln.i,,-nil mortiraije
bonds is reserved by the trustee. The entire outstanding capital stock of the companv (^fi.ooo.don) is held in tru.-t
by the Farmers' Loan and Trust Co., and power to vote it has been given to the Northern Pacific KK. Co. Since
1877 regular cash dividends have been paid, averaging overO per cent, per annum, as shown in the following
statement :
Date.
July 1, 1879 . . .
p. c.
.... 10
Date.
Jan. 1, 1882 . .
.*:.%
])„>,.
Jan. 15, 1884 . .
...p:e*
Date.
AUL'. •-.-». issr,
p.e.
.... H
Date.
July 81, 1886 .
p. c.
....It
Sept. 28, 1880..
Jan. 1, 1881 ...
.... 4
....2*
July 1, 1882.
July 14,1883..
....*5
.... 3
Julv 15, 1884..
Jan. 15, 1885..
3
U
Oct. 15, 1885.
Jan. 1
H
U
Oct. 90, 1886. .
Jan. 15, 1887 .
....H
....H
July 1, 1881 . . .
.... 3
Jan. 1, 1883 .
.... 3
Apr. 15, 1885 .
H
* 3 per cent, regular dividend, and 2 per cent, extra.
828 POOR'S MANUAL OF BAILBOADS.
The dividends to and including that of July 15, 1884, were paid on a capital stock of $800,800, and since then
on $5,000,000.
ROBERT HARRIS, President ; Edward D. Adams, Vt ce- President ; George 8. Jones, Secretary and Treasurer,
New York, N. Y. PRINCIPAL OFFICE, St. Paul, Minn.; transfer office, Equitable Building, New York City.
Board of Directors Northern Pacific Railroad Co., elected September 16, 1886.
Frederick Billings. New York, N. Y.
Robert Harris New York, N. Y.
Brayton Ives New York, N. Y.
August Belmont.. .New York, N. Y.
James C. Fargo New York, N. Y.
Jo'ns'n Livingston. New York, N. Y.
John H. Hall New York, N. Y.
Benj. P. Cheney Boston, Mass.
J. L. Stackpole Boston, Mass.
John U. Brookman.New York, N.Y.
John C. Bullitt Philadelphia, Pa.
Charles B. Wright. Philadelphia, Pa.
Thomas F. Oakes St. Paul, Minn.
ROBERT HARRIS, President New York, N. Y.
Thomas F. Oakes, Vice-President and General Manager St. Paul, Minn.
2d Vice- President— Adna Anderson Tacoma, W. T. I Secretary — Samuel Wilkeson New York, N. Y.
3d Vice-President— 3 &mes B. Williams.New York, N. Y. | Treasurer— Robert L. Belknap New York, N. Y.
General Auditor— J. A. Barker St. Paul, Minn.
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
General Offices Mills Building, 33 Wall Street, New York, N. Y.
OMAHA AND ST. LOUIS RAILWAY COMPANY.
Line of Road. — Pattonsburg, Mo., to Council Bluffs, la 144 miles.
Gauge, 4 ft. 8| in. Rail (steel), 58 and 60 Ibs.
History, — This road was built in 1879 as the Omaha Division of the St. Louis, Kansas
City and Northern Ry., which subsequently became by consolidation a part of the Wabash,
St. Louis and Pacific Ry. It was taken from the Wabash and placed iu the hands of a re-
ceiver March 6, 1886. Sold under foreclosure December 28, 1886, and present company or-
ganized May 18, 1887.
Operations for year ending March 6, 1887. — Train mileage — passenger, 218,660; freight,
410,064 ; switching, 183,000 — total, 811,724 miles. Passengers carried, 178,945 ; carried one
mile, 7,976,188. Tons of freight moved, 382,811 ; moved one mile, 1,553,952. Earnings-
passenger, $188,167.66 ; freight, $543,003.48 ; mail, $39,905.45 ; express, $27,896.83 ; other,
$957.71 — total, $794,931.13. Expenses — transportation, $325,790.53 ; motive power and cars,
$108,867 ; way and buildings, $153,542.37; general, $37,280.24— total, $625,480.14.
Financial Statement, June 1, 1887.— Common stock, $2,313,000 ; preferred stock, $2,-
220,500 ; first mortgage 4 per cent. 50-year gold bonds, due January 1, 1937, interest payable
January and July, $2,717,000 — total stock and bonds, $7,250,500. In the reorganization,
holders of Omaha Division first mortgage bonds received for each $1,000 bond $1.140
in new 4 per cent, bonds, $960 in 6 per cent, non -cumulative preferred stock, and
$1,000 in common stock, which common stock is deposited in trust for three years. The
bonds are for $1,000 each and are coupon, but may be registered at the office of the trustee,
the United States Trust Co., New York. Interest payable at the office of the trustee.
Directors. — John H. Beach, James E. Pulsford, James H. Smith, James F. Dwight,
George Warren Smith, Thomas McKissock, Edward W. Sheldon.
THOMAS McKissocK, President St. Louis, Mo.
James H. Smith, Vice-President New York, N. Y.
Secretary— Edward W. Sheldon New York, N. Y. | Treasurer— Charles S. Smith New York: N. Y.
PRINCIPAL OFFICE AND ADDRESS Council Bluffs, la.
Transfer Office (United States Trust Co., Registrar). .49 Wall St., New York, N. Y.
OTTUMWA AND KIRKVILLE EAILROAD COMPANY.
Line of Road.— Ottumwa to Kirkville, la 11.33 miles.
Sidings, 1.76 miles. Gauge, 4 ft. 8| in. Rail, iron, 47 Ibs.; steel (1.16 miles), 56 Ibs.
History. — Chartered October 1, 1881 ; road opened January 16, 1882. From Ottumwa to
Comstock, 8.17 miles, the track of the Chicago, Rock Island and Pacific RR. is used and in-
cluded above.
Rolling Stock. — Locomotive engine 1 ; way car, 1.
POOR'S MANUAL OP RAILBOAD8. 829
Operations for year ending June 80, 1886.— Train mileage (mixed), 11,700 miles. Pag-
sengers carried, 11,180 ; carried one mile, 180,200 ; average mile rate 2.7 cents. Tons freight
moved, 205,733 ; moved one mile, 2,865,980 ; average ton-mile rate, 50 cents. Karningn —
passenger, $3,330.16 ; freight, $18,983.20 ; mail and express, $68.25— total, $17,881.01. Ex-
penses—maintenance of way, $2,524.82; rolling stock, $1,025; transportation, $6,649.33;
miscellaneous and taxes, $1,688.42— total, $11,887.57. Net earnings. $6.444.04. Add income
from lands sold or leased during year, $20,619.41 ; other income, $12,400— total available
revenue, $38,463.45.
Financial Statement, June 30, 1886.— Capital stock, $150,000 ; funded debt, 1st mort-
gage 6 per cent. 10-year bonds, due February 1, 1892, interest February and August, $97,000;
current accounts, $69,429.16 ; profit and loss, $90,400.10— total, $897,829.96. Contra: Con-
struction, $69,602.16 ; rolling stock, $11,353.07 ; mine equipment, $93,561.61 ; stock* . etc.,
$54,636.29i real estate, $158,575.52 ; bonds, sinking fund, $10,000 ; profit and loss, $100—
total, $397,829.96.
Annual meeting, first Monday in June.
Directors (elected June, 1886).— J. C. Peasley, Chicago, 111.; W. W. Baldwin, Lyman
Cook, H. B. Scott, J. W. Blythe, Burlington, la.
J. C. PEASLEY, President Chicago, 111.
H. L. Waterman, Vice-Pretident and General Manager Kirkville, la.
Treasurer— A. C. Hatfleld Kirkville, la. | Secretary— II. E. Jarvis Burlington, la. .
PRINCIPAL OFFICE AND ADDRESS Kirkville, la.
PARSONS AND PACIFIC RAILROAD COMPANY.
Line of Road.— Coffey ville, Kan., to Parsons, Kan 81.25 miles.
2d track, 3 miles. Gauge, 4 ft. 8 in. Rail (steel), 52 Ibs. per yard.
History. — Chartered December 14, 1885 ; road opened January 1, 1887.
Rolling Stock, July 1, 1887.— Locomotive engines, 2. Cars— passenger, 3 ; baggage,
mail and express, 2 ; freight (box, 30 ; platform, 10 ; coal, 10), 50 — total cars, 55.
Operations, etc., not furnished.
Financial Statement, not furnished.
Annual meeting, third Wednesday in December.
Directors (elected December 15, 1886).— R. S. Stevens, Attica, N. Y.; H. D. Mirick,
Athens, 0.; W. H. Woolverton, New York, N. Y.; T. Penfield, Chicago, 111.; C. H, Kim-
ball, E. H. Edwards, Lee Clark, Parsons, Kan.
R. S. STEVENS, President Parsons, Kan.
C. H. Kimball, Vice-President Parsons, Kan.
Secretary and Treas.—Lee Clark Parsons, Kan. | General Manager— T. Penfleld Parsons, Kan.
PBINCIPAL OFFICE AND ADDKESS Parsons, Kan.
ST. LOUIS, DES MOINES AND NORTHERN RAILWAY COMPANY.
Line of Road.— Des Moines, la., to Boone, la 42.86 miles.
Sidings, etc., 2.36 miles. Gauge, 3 ft. Rail, 85 Ibs. per yard.
History.— Chartered in 1880; road opened July 1, 1882. The St. L., D. M. & N. Ry. Co.
owns jointly 7 miles from Des Moines to Ciive, which is included in line above.
Rolling Stock.— Locomotive engines, 8. Cars— passenger, 8 ; excursion, 7 ; baggage,
mail etc., 1 ; freight (box, 35 ; platform and coal, 51), 86 -total, 97. Also, 8 service cars.
Operations for year ending June 30, 1886.— Train mileage— passenger, 24,584 ; freight,
24 776 • other, 5,022— total, 54,382 miles. Passengers carried, 21,646 ; carried one mile
830 POOR'S MANUAL OF RAILKOADS.
485,318 ; average mile rate, 3.08 cents. Tons freight moved, 26,212 ; moved one mile, 382,-
728 ; average ton-mile rate, 7.86 cents. Earnings — passenger, $13,532.91 ; freight, $30,096.
81 ; mail, express, etc., $2,972.64— total, $46,602.36. Expenses— maintenance of way, $11,-
019.16; motive power and cars, $4,003.88 ; transportation, $17,561.79; general arid taxes,
$14,029.22— total, $46,614.05. Deficit, $11.69.
Financial Statement, June 30, 1886. — Capital stock (common, $387,750 ; preferred, $335,-
000), $722,750 ; funded debt, 1st mortgage 6 per cent. 40-year bonds, due August 1, 1921, in-
terest February and August, $803,000 ; floating debt, $81,810; rolls acd vouchers, $14,214.-
93 ; due companies, $23,982.35— -total. $1,145,757.28. Contra: Cost of road and equipment,
$1,025,750; due from agents, $1,779.74; due from companies, $9,356.01; bills receivable,
$1,029.84; cash, $2,495.42; U. S. Post Office, $462.77 ; profit and loss, $104,883.50— total,
$1,145,757.28.
Annual meeting, first Thursday in January.
Directors.— G. M. Dodge, J. T. Granger, New York, N. Y.; J. S. Polk, F. M. Hubbell,
C. F. Meek, Des Moines. la.
GRENVILLE M. DODGE, President 1 Broadway, New York, N. Y.
F. M. Hubbell, Vice-President Des Moines, la.
Sec. & Asst. Treas.— F. S. Polk Des< Moines, la. I General Svpt.—C. P. Meek Des Moines, la.
Treasurer— 3 . T. Granger New York, N. Y. | Auditor— J. H. Brinsmaid Des Moines, la.
PRINCIPAL OFFICE AND ADDRESS Des Moines, la.
SAINT PAUL AND DULUTH RAILROAD COMPANY.
Main Line of Road.— St. Paul. Minn., to Duluth, Minn *. 155.00 miles.
Knife Falls Branch : N. P. Junction to Cloquet 6.50
Grantsburg Branch : Rush City to Grantsburg : .17.00 — 23.50 miles.
Owned : 'laylor's Falls & Lk. Sup. RR. : Wyoming to Taylor's Falls 20.50 miles.
T , j Stillwater & St. Paul RR. : White Bear Lake to Stillwater. . .12.50
' ( Minneapolis & Duluth Ell. : White Bear Lk. to E. Minneapolis 13.50— 26.00 miles.
Total length of lines (owned, 199 miles) operated December 31, 1886 225.00 miles.
Sidings (owned, 64 ; leased, 6.5), 70.5 miles. Gauge, 4 ft. 8J in. Rail (steel, 155 miles), 56 Ibs.
Between N. P. Junction and Duluth, 23.2 miles, the line is owned jointly by this com-
pany and the Northern Pacific Railroad Company. The Minnesota, St. Croix and Wisconsin
RR. Co. uses 4£ miles of this company's track at St. Paul, at a rental of $15,000 a year, pay-
able monthly, under a 5-year contract, dated August 26, 1884, with the right of renewal for
99 years.
History. — The St. Paul and Duluth Railroad Company is successor, by reorganization, to
the Lake Superior and Mississippi RR. Co. The original charter under which this road was
built was granted to the Nebraska and Lake Superior RR.Co., May 23, 1857, the terminal points
of that line being the west end of Lake Superior and the Nebraska line. By amendatory Act
of March 8, 1861, the name was changed to Lake Superior and Mississippi Railroad Co., the
route being at the same time changed so as to terminate at the Mississippi River, with right
to extend to the Minnesota River ; and also authorized the construction of a branch line to the
St. Croix River. By the same Act the State granted to this company swamp lands to the ex-
tent of about 693,000 acres. To this Congress added by Act of May 5, 1864, and supplementary
Act of July 13, 1866, a grant of land equalling about 990,000 acres.
In 1868 the work of construction was begun, and in that year 30 miles of road was built ;
in 1869 it was extended 77 miles, and on August 10, 1870, the whole line was completed. On
September 15, 1870, the road was formally opened for business. About this time the North-
ern Pacific RR. Co. acquired a half interest in the line from Thomson (now N. P.) Junction to
Duluth.
Shortly after the completion of its own road, the Lake Superior and Mississippi RR. Co.
took leases of the Stillwater and St. Paul, the Minneapolis and Duluth, and the Minneapolis
and St. Louis (28 miles of latter then completed) Railroads.
POOR'S MANUAL— ST. PAUL AND DCLUTH Bit CO. 831
In May, 1872, the Lake Superior road wag leased to the Northern Pacific UK. Co. for 999
years, that lease carrying with it the control of the roads above mentioned. The embarrass-
ment of the Northern Pacific RR. Co. led to the termination of thi.s I.-aw.: May 1, 1874, and
about the same time the Minneapolis and St. Louis and the Minneapolis and Duluth roads
reverted to their owners.
On January 1, 1875, default was made in the payment of interest on the first mortgage
bonds of the Lake Superior Company, and on May 1, 1877, the property was sold under fore-
closure, the bondholders (for whose account it was purchased) reorganizing June 27, 1877,
under the name of Saint Paul and Duluth Railroad Company. In the reorganization the com-
pany issued preferred stock in exchange for old first mortgage bonds and accrued interest to
January 1, 1876, at the rate of $1,200 for each $1,000 of bonds ; and common stock to holders
of old income bonds, notes, certificates, etc., with accrued interest to January 1, 1870, dollar
for dollar; and to holders of old common stock at the rate of one share of new for 20 shares of
old stock. The total amount of stock issued under the plan of reorganization was as follows :
preferred stock, $5,554,000 ; common stock, $4,080,000.
The new company confirmed and ratified the contract with the Northern Pacific RR. Co.
for joint ownership of the line from N. P. Junction to Duluth.
In 1877 the grading of the Knife Falls branch was begun, and in 1879 the tracklaying
was completed. Its total cost was $64,877.57.
Act of March 7, 1878, amended the Act of February 1, 1866, in relation to the building of
the branch line authorized by the latter Act, and this amendment was accepted by the com-
pany March 13, 1879. Shortly thereafter the company began the construction of this branch
from Wyoming to Taylor's Falls. About the same time work was begun upon an extension
of the Minneapolis and St. Louis Railroad to Taylor's Falls, with a view to ultimately con-
necting with the North Wisconsin branch of the Chicago, St. Paul, Minneapolis and Omaha
Company, or of building an independent line to the lake. On May 1, 1880, the Minneapolis
and St. Louis and the St. Paul and Duluth entered into an agreement by which one line to
Taylor's Falls (the Taylor's Falls and Lake Superior — which see) was built, the Minneapolis
Company being also granted the use of the St. Paul and Duluth road from White IJear Luke
to Duluth, at an annual rental of $50,000 per annum, and a proportion of maintenance ex-
penses on the basis of wheelage.
In September, 1883, the St. Paul and Duluth Co. acquired all the interest of the Minne-
apolis and St. Louis Co. in this branch, and it is now owned by the St. Paul and Duluth Co.
In 1881 the St. Paul and Duluth Co. issued $1,000,000 5 per cent, bonds to pay floating
debt and to purchase rolling stock, etc., said bonds being secured by mortgage on the road.
In January, 1884, the company completed its Grantsburg branch. The portion of this
branch in Wisconsin was built under the charter of the Ashland, Grantsburg and St. Cloud
RR. Co. ; the Minnesota section under the charter of the Grantsburg, Rush City and St. Cloud
RR. Co. The former of these companies transferred all of its stock to the St. Paul and Du-
luth RR. Co. in consideration of that company agreeing to iron the road ; and the Minnesota
corporation leased its road in perpetuity to the Duluth, for practically the same consideration.
This line is wholly owned by the Duluth company, and its cost is included in the returns of
that company.
In 1886 the Duluth Short Line R. Co. was organized to build a line from Thomson to
connection with main line of St. Paul and Duluth road, at or near Oneota, and thence to
West Superior. To secure the means for construction of this line, bonds to amount of
$500,000 were issued by Duluth Short Line Co., the principal and interest being guaran-
teed by the St. Paul and Duluth Co., which acquired control of line under a lease for 99
years from September 1, 1886, with the right to see to the application of the proceeds of these
bonds in the construction of the line. This line avoids the heavy grades and high trestles
between Thomson and Fond du Lac, and will be completed and operated by November 1, 1887.
For terms under which the leased lines are operated, etc., see statements for the several
companies appended.
Preferred stock to amount of $1,067,894.67 has been cancelled from sale of lands and
832
POOR'S MANUAL — ST. PAUL AND DULUTH ER. CO.
stumpage, and from purchase by Northern Pacific Railroad of joint interest in line from
Thomson Junction to Duluth.
Boiling Stock. — Locomotive engines, 43. Cars — passenger, 17 ; sleeping, 5 ; baggage,
mail, and express, 7; combination, 7; freight (box, 1,203 ; stock, 5 ; platform, 213), 1,421 ;
caboose, 22; other, 100— total cars, 1,579. During the first six months of the year 1887 the
company has added to its rolling stock 19 locomotives, 6 passenger cars, 2 combination cars,
2 refrigerator cars, 800 box cars and 200 flat cars.
Operations for year ending December 81, 1886. — See tabulated statement below.
Expenses.— Maintenance of Way $175,174 47
Motive Power 292,96149
Maintenance of Cars 90,686 92
Transportation 255,282 21
General 66,970 39
Total ($6,925.71 per mile) $1,558,08584 Total ($3,915.93 per mile) $881,08584
Net earnings (43.46 per cent.), $677,000.36. Other receipts : Interest and exchange,
$8,765.21; rental, $15,000; rent for temporary joint use of track at Duluth, $377.42— total,
$24,142.63. Net revenue, $701,142.99. Payments: Bond interest, $50,000; rentals, $48,-
706.12 ; taxes, $46,209.75; track rent, $2,440.80; improvements and betterments, $568,315.87
—total, $715,672.54. Balance, deficit for year, $14,529.55. Surplus, January 1, 1886, $174,-
526.35. Surplus, January 1, 1887, $159,996.80.
Statement of railroad operations, earnings, general balances, etc., for seven years :
Earnings.— Passenger $285,989 66
Freight 1,241,250 93
Mail 14,128 26
Express 10,333 78
Miscellaneous 6,383 21
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad Owned
162.00
175.00
119,826
353,389
104,247
3,704,648
&55,004
32,207,846
1
117,208
432,304
119,226
162.00
175.00
125,000
275,000
162.00
175.00
162.00
208.00
179.00
225.00
178.50
225.00
354.317
588,664
257,344
7,689,687
922,673
92,861,618
$
237,678
1,112,854
30,680
178.50
225.00
394,589
683,235
349,336
10,972,562
1,217,800
114,796704
$
285,990
1.241,251
30,845
Miles of Railroad Operated
Passenger Train Miles
Freight Train Miles.
Passengers Carried
147,148
346,274
27,726,354
$
195,282
476,710
80,638
219,402
7,644,401
537.706
53,164,963
$
290,768
758,258
60,815
277,139
9,582,233
787,021
71,935,163
$
312,331
987,886
28,311
294,997
8,990,665
882,936
83,705,091
$
271,596
1,009,124
36,594
Passenger Miles
Freight (tout) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Total Earnings
668,77'f
598,814
732,630
586,350
1,109,841
726,221
1,328,528
884,595
1,317,314
755,044
1,381,212
869,565
1,558.086
881,086
Operating Expenses
Net Earnings
69,964
146,280
383.620
208,425
443,933
102,532
562,270
64,906
511,647
201,415
677,000
163,058
Laud Receipts
Net Income .... ...
69,964
20,000
33,900
146,280
20,000
31,668
592,045
28,012
50,000
358,641
44,362
546,465
78,384
50,000
350,731
44,362
627,126
86,527
50,000
187,092
27,652
713,062
68,308
50,000
374,532
840,058
73.214
50,000
374.766
Taxes and Fixed Charges
Dividends
Equipment Trust
44,362
Betterments
64,734
+ 155,494
6,138 72
4.049 84
2.088 88
65. 97 p. c.
2.88 c.
1.29 c.
$
9,432,378
1,210,000
179,830
368,669
725,019
568,316
- 20ii.:>3S
6,925 71
3,915 93
3,009 78
56. 54 p. c.
2.43c.
1.08 C.
s •
9,432.378
1,710,000
641.311
314,001
164,609
Balance (+ or — ) ....
+ 16,064
3,821 59
3,421 79
399 80
89. 54 p. c.
3.17 c.
1.34 c.
$
8,761,014
+ 50,250
4,186 46
3,350 57
835 89
80.04 p. c.
"i.72"c"."
$
9.231,575
1,000,000
165,327
529,099
175,634
+ 111,030
6,341 95
4,332 81
2.009 14
68.33 p. c.
3.80 c.
1.43 c.
$
9,214,175
1,000,000
405,602
305,074
286,665
+ 22,988
6,387 15
4,439 14
1,948 01
69.50 p. C.
3.07 c.
1.43 c.
$
9,092,175
1,000.000
1,042,104
405,548
309,651
+ 275.905
5,854 73
3,526 23
2,328 50
60. 23 p. c.
2.82 c.
1.21 c.
$
9,432,378
1,210,000
534,083
431,875
•235,353
Gross Earnings per Mile
Operating Expenses per MUe
Nut Earnings' per Mile
Expenses to Earnings
Earnings per Passenger per Mile
Earnings per Ton per Mile
Capital Stock
Funded and Guaranteed Debt
Bills, Accounts etc
646,3-24
Deferred Land Income
Income Account
670,433
Total Liabilities
10,077,771
9,824,300
115,758
64,264
52,316
21,133
11,101,635
9,731,954
247,672
115,404
569,402
437,203
11,211,516
9,987,167
260,868
147,853
635.094
180,534
11.953,738
10,120,881
505,135
138,016
626,282
203,424
11,843.689
10.18o,370
473.450
131,699
718.251
334,919
11,915,896
10,185,392
505,731
59,783
637,807
527,183
12,262.25)9
10,185,392
968.001
69,888
616.262
433,319
Road and Equipment.
Stocks, Bonds, etc
Materials and Supplies
Accounts and Assets.
Cash on Hand
Total Assets
10,077,771
11,101,635
11,211,516
11,953,738
11,843,689
11,915,896
12,262,299
POOR'S MANUAL — ST. PAUL AND DULUTH BB. CO.
888
General Balance Sheet, December 81, 1896.
Accounts and Assets
Cash ou Hand ...'.'.".'.'. .'$488^818*66
Div. No. 10, Payable Jan. 1, 1887 187,404 00
620,72206
Total Assets $12,262,29879
paid.
Cnrri-iil Account"
\Ci-l.llllf- Mllll Liltllllitlr*.
S'k'L' Kuii.lf..i :
lii'fcrrcil I.Mid nnd Stinnp.-i.
l!:il;inci- i.f K<-:ili/.c-(l Incniii.-. . ,
199,19690
208.07489
51.«86 29
814,001 25
164,406 66
Total Liabilities ...................... $12,262,296 79
Funded debt consists of $1,000,000 1st mortgage 5 per cent. 50-year $1.000 coupon bonds,
due August 1, 1931, interest payable February and August. The bond* are secured by a first
lien on the whole main line (subject to joint ownership of 23.2 miles by Northern Pacil c KK.)
and the Knife Falls branch. Capital stock authorized, $12,000,000— common, $6,000,000,
and preferred, $6,000,000. The preferred stock is entitled to dividends, payable semi-annu-
ally on the first days of January and July, equal to the net income of the company from all
sources, but such dividend is limited to seven per cent, per annum. This dividend is a firnt
charge on the net profits of the road, and it is provided that in the event of a deficiency of
such net profit to pay the stipulated seven per cent., the net income from stumpage and land
sales shall be applied to the dividend fund. Provision is also made that when not so applied
the net income from stumpage and land sales each year, when equal to at least $10,000, shall
be used in the purchase of preferred stock, if said stock be below par in the market, and to
be drawn as in the operation of the sinking fund if it be above par. In addition to this pro-
vision for ita gradual reduction, preferred stock is receivable for lands at par. Common
stock is entitled to dividends from the earnings of the railroad, limited to six per cent, in any
one year, after the payment of preferred stock dividends, any surplus then remaining to be
applied to purchase of preferred stock. Each share of preferred and every three shares of
common stock is entitled to one vote at all meetings of the company.
Annual meeting, third Monday in June. Books close for annual meeting and for dividend
payment twenty or thirty days prior to either. Registrar of stock and trustee of bonds,
Central Trust Company, New York. Transfer agent, Fourth .National Bunk of New York.
Stock and bonds listed on New York Stock Exchange.
DIVIDENDS. — The company paid its first dividend on preferred stock Nov. 1, 1881, being
at the.rate of 10 per cent, in preferred^etock, and amounting to| $470,560. 69, t-uch dividend being
in full to July 1, 1881. Cash dividends of 7 per cent, per annum were regularly paid there-
after upon the preferred stock, except for two semi-annual periods, for which 7 per cent, was
paid in preferred stock, amounting to $350,203 on Aug. 1,1884. Total amount paid in divi-
dends to Jan. 1, 1887, $2,466,526.69, of which preferred stock, $820,763.69, and ca«h, $1,645,763.
Since January 1, 1887, the following dividends have been paid : 8$ per cent, cash divi-
dend No. 11 on preferred stock, for six months to July 1, 1887, $187,530 ; stock dividend of
15 per cent, on common stock, such dividend being in full to January, 1887, 8604,800 ; 3 per
cent, cash dividend No. 1 on common stock, for six months to July 1, 1887, $120,960.
NOTE — The $633,050.15 income expended in 1885 and 1886 for improvements and additions to road and equip-
ment bavin" been charged to cost of road and equipment and credited back tolacome, in KCordnee with the
unani'mous action of the stockholders' meeting of June 22, 1887, the following dividends were on that dii\ <k--
clared payable July 5, 1887 :
Land Department.— Congressional grant, 815,808.38 acres, and State (swamp land)
grant, 649,506.47 acres— total, 1,464,814.85 acres. Grants yet to inure : Congressional, 176,-
691.62 ; State, 44,893.53— total, 221,585.15 acres. Total grants received and to inure, 1,686,-
400 acres. Unsold December 31, 1885, 1,153,178.62 acres. During the year 1886 there were
received from the State, 2,818.44 acres. Laud contracts cancelled during 1886, 1,004.92
acres; sold, 15,516.73 acres for $78,034.57, leaving 1,151,495.25 acres unsold December 81.
1886. Preferred stock is received at par for lands sold.
Land and Stumpage Income Account for 1886.— Cash receipts from stumpage, $38,-
941.36; from land sales, $29,978.89; from land contracts, $23,287.10; from land notes,
$27,180.78 ; from stumpage notes, $52,822.15 ; land and stumpage interest, $11,216.65— total,
53
834: POOR'S MANUAL OF RAILROADS.
$183,426.93. Expense?, $20,369.20. Net land receipts, $163,057.73. Add balance from last
year, $216,320.12. Available revenue, $379,377.85. Deduct dividends on preferred stock,
$374,766. Balance, surplus, $4,611.85.
RAILKOADS OWNED on OPERATED BY THE ST. PATH, AND DTTLUTH RR. Co.
DULUTH SHORT LINE RAILWAY.— Thomson, Minn., to Oneota, Minn., 13.74 miles. Gange.
4 ft. 8J in. Rail (steel), 67 Ibs. Chartered July 1, 1886. Construction contracts were let in December, 18N'>. and
the road will be completed during the present year. It is leased for 99 years from September 1, 18£6, to the St.
Paul and Duluth RR. Co. Capital stock ($100 shares), §600,000— issued S100.000 (all owned by St. P. & D. JIR. Co.l;
funded debt, first mortgage 5 per cent. 30-year bonds.due September 1, 1916. interest payable March and September,
$500,000. Estimated cost of completed road, $500,0<K). The bonds are guaranteed, principal and interest, by the St.
Paul and Duluth RR.Co. ; principal and interest payable at the office of the Central Trust Co., New York. They are
for $1,000 each, and are coupon, with privilege of registration. Trustee : Central Trust Co., New York. Financial
agent in Philadelphia, William H. Rhawn, President of the National Bank of the Republic. Annual meeting,
first Monday in June. PHILIP 8. HARRIS, President ; William H. Coleman, Secretary and Treasurer. CORPO-
KATE OrncE, St. Paul, Minn.
MINNEAPOLIS AND DULUTH RAILROAD.-White Bear Lake to East Minneapolis., 13.5
miles. The construction of this road was originally authorized under the charter granted to the Minnesota Western
RR. Co., dated March 3, 1857. By act of February 4, 1870, that company was empowered to divide into separate
and distinct companies and to adopt different names. (See Minneapolis and St. Louis RR.) The construction of
thi* road was begun in April, 1871, and on August 15 of that year it was opened for business. On its completion
it was leased to the Lake Superior and Mississippi RR. Co., but on the default of that company it reverted to the
control of its stockholders, who subsequently leased it to the Minneapolis and St. Louis Company. It1. May, 1S81,
it was merged into the latter corporation, aiid shortly thereafter the St. Paul and Duluth acquired control of it
under the terms of a lease by which the rental is a percentage of gross earnings on local business— in 1880, SIMM- IN-
STILL WATER AND ST. PAUL RAILROAD.-White Bear to Stillwater, Minn., 12.50 miles.
Incorporated January 24, 1867 ; road opened December 9, 1870. Leased to St. Paul and Duluth RR. Co. for 999
years from January 1, 1871, for $28,000 a year. Rental reduced to $20,000 a year January 1, 1878. Capital stock,
$400.000 ; funded debt, 1st mortgage 7 per cent. 30-year gold bonds, due December 1, 1900, $400,000— total, repre-
senting cost of road, etc., $800,000. Bonds outstanding December 31, 1886, $263,500, interest on which is paid
from annual rental. State land grant, 65,113 acres. Sold and contracted to oe sold to December 31, 1886, 59,773
acres for $203,275.15, leaving unsold, 5,340 acres. WILLIAM II. FISHER, President; P. S. Harris, Secretary and
Treasurer, St. Paul, Minn.
TAYLOR'S FALLS AND LAKE SUPERIOR RAILROAD.-Wyoming to Taylor's Falls,
Minn., 20.50 miles ; total track, 22 miles. Chartered February 5, 1875, with power to construct a line from a point
on the line of the Lake Superior and Mississippi RR. (now St. Paul and Duluth) to the St. Croix River at Taylor's
Falls. The control of this orgsiteation afterward became vested in the Minneapolis and St. Louis Kit. Co., and,
about 18WO, steps were taken tpwai d the construction of the road from the St. Paul and Duluth line at White Bear
Lake to Taylor's Falls, the object being to complete a connection between the Minneapolis road and the St. Paul
and Omaha's North Wisconsin line, or uliiinately to establish an independent line to Lake Superior. At this time
the St. Paul and Duluth had under construction a branch line to Taylor's Falls from Wyoming on its main line,
and to obviate the construction of a competitive line to the same point, it entered into an agreement with the
Minneapolis company May 1, 1880, under which the construction of the line from White Bear Lake to Taylor's
Falls was abandoned, and the line from Wyoming to Taylor's Falls was bnilt in its place. By this agreement the
rights, franchises, land grant, etc., attached to the proposed branch of the St. Paul and Duluth RK. Co. were
transferred to the Taylor's Falls and Lake Superior RR. Co., under whose charter the line was built. The. road
was completed and opened November 8, 1880, its cost having been *303,064.58, which was advanced jointly by the
Duluth and the Minneapolis companies, e;ich of which was to receive, as representing such half interest, one-half
of an issue of oonds, to the amount of £246,000, made by the Minneapolis and St. Louis and secured on the Tay-
lor's Falls road, and one-half of the stock of the Taylor's Fall's company. On October 12, 1880, the line was
leased to the Minneapolis company at 30 per cent, of the gross earnings from local business. Later in the same
year the Duluth company acquired a half interest in this lease, and on August 1, 1883, acquired the remaining
half interest in that lease, as well as full title to the proportion of the Taylor's Falls stock previously owned bv the
Minneapolis company. Immediately following this transfer the St. Paul and Duluth purchased and cancelled the
$246,00u Minneapolis and St. Louis bonds which were secured by a lien on the road, the Taylor's Falls and
Lake Superior RR. Oo. issuing, in order to meet th& liability thus incurred, and to repay the St. P. & D. for its
share of construction expenses, 8210,000 1st mortgage t> per cent. 30-year $1,000 coupon bonds, due January 1,
1914, interest payable from rentat January and July (guaranteed by lessee). Capital stock (all owned by St. P.
& D. RR. Co.), ^405,000. The company has a land grant of seven sections per mile of road — of which unsold
December 31, 1886, 69,860.52 acres. WILLIAM H. FISHKK, President ; Philip S. Harris, Treasurer, St. Paul, Minn. ;
George W. Seymour, Secretary, Taylor's Falls. Minn.
Board of Directors, St. Pf & D. RR. Co., elected June 20, 1887.
Win. H. Fisher St. Paul. Minn.
Wm. H. Rhawn . . .Philadelphia, Pa.
James Smith, Jr St. Paul, Minn.
Chas. D. Drake.. Washington, D. C.
James M. Earle. ..Philadelphia, Pa.
Octavius D. Baldwin. New York,N.Y.
\\ imam Dawson St. Paul, Minn.
J. A. Gwynne ..St. Paul, Minn.
G. F. Baker New York, N. Y.
WILLIAM H. FISHER, President and Gen. Superintendent..^. Paul, Minn.
Vice- President — William H. Rhawn. . .Philadelphia, Pa. I Secretary and Treas.— Philip S. Harris. .St. Paul, Minn.
Auditor— D. A. McKinlay St. Paul, Minn.
PRINCIPAL OFFICE AND ADDEESS St. Paul, Minn.
Transfer Office Fourth National Bank, New York, N. Y.
ST. PAUL, MINNEAPOLIS AND MANITOBA RAILWAY COMPANY.
TW' y F w i j (-4) St. Paul, Minn., to Manitoba Line 393.10 miles.
1(1 : ((S) East Minneapolis, Minn., to Manitoba Line. . . 412.62 mile?.
Other divisions and branches 703. 73 miles.
Total length of lines operated July 1, 1885 1,509.45 miles.
2d track, 28.44 .-...sidings, 219.49 miles. Gauge, 4 ft. 8i in. Rail (steel, 1,088.20 m.), 56 Ibs.
POOR'S MANUAL— ST. PAUL, MINNEAPOLIS AND MANITOBA BY. CO.
885
Statement in detail of the lines of the St. Paul, Minneapolis and Manltob:.
Milci.
*Barne»v11le to St. Vincent, Minn 170.95
*st. Vincent (new Depot), Minn., to Boundary
Line 2.<B
*St. Vincent (old Depot), Minn., to end of track..
tBreckenridge, Minn., to Grand Korku Junction,
Dak 126.63
tOrand Forks to Boundary Line 80. 94
Crookston, Minn., to Devil's Lake, Dak 113.40
Devil's Lake to Church's Ferry 18.87
Pelican Valley Branch— Fergus Falls to Pelican
Itaplds, Minn 21.65
Red River and Lake of the Woods Ry.— Shirl -y
to St. Hilaire, Minn 21.55
Moorehead Junction to Halstead, Minn 34.09
Carlisle Junction to Elizabeth, Minn 8.52
Park River Junction, Dak., to Park River 84.78
Miles.
*St. Paul, Minn., to Barnesville, Minn .*... 217.41
State Fair Grounds Spur 064
Hamline to Minnesota Transfer 2 80
t Minneapolis Junction to East Minneapolis,
Minn 0.70
Minneapolis and Northwestern Ry.— Osseo June-
tion to St. Cloud, Minn 68 07
East St. Cloud to Sauk Rapids 2^14
Minneapolis and St. Cloud RR.— St. Cloud to
Hinckley, Minn 66.43
St. Cloud to Richmond, Minn 20.00
Sauk Centre Northern Ry.— Sauk Centre to Eagle
Bend, Minn 36.44
tEast Minneapolis to Breckenridge, Minn 204.35
Breckenridge, Minn., to Larimore Junction, Dak. 132. 00
Casselton Br.— Everest to Portland Junction, Dak. 50.44
Ripon, Dak., to Hope, Dak 29.50
Morris to Brown's Valley, Minn 46.68
Minnetonka North Shore 5.93 Total 1,509.45
History.— For full history of this railroad see MANUAL tor 1884, pp. 746 to 748. The net
increase in the company's mileage during the year ending June 30, 1883 (including the Red
River and Lake of the Woods Ry., graded in 1882, rails laid in 1883, and opened July 1, 1883).
was 318.11 miles; during the fiscal year 1884, it was 44.32 miles ; in the year ending June
80, 1885, 70.40 miles, as follows: Portland to junction east of Larimore, Dak., 31.43 miles;
from Junction west of Larimore to Park River, Dak., 34.78 miles; and from Mayville to May-
ville Junction, Dak., 4.19 miles.
The branch from St. Cloud to Richmond, Minn., was completed in May, 1886, but was
not operated during that fiscal year. It was completed to Willmar, Minn., 58.17 miles from
St. Cloud, in September, 1886. The extension of _ the ^Devil's Lake line to Church's Ferry
was not put in 'operation till July 1, 1886. A further extension to Minot, Dak., 92 miles,
was completed during 1886. A branch was completed from Elk River to Milaca, Minn.,
33.08 miles, in November, 1886, and one from Tintah, Minn., to Aberdeen, Dak., 118.5
miles, on December 24, 1886. About January 1, 1887, a branch was completed from
Hutchinson Junction to Hutchinson, Minn., 53.06 miles. A branch from Rugby to Bottineaut
Dak., 40 miles, and one from Rutland to Ellendale, Dak., 49 miles, were completed in May
1887. A further extension of the Devil's Lake line from Minot, Dak., to Great Falls, Mont.,
(where a connection will be made with the line of the Montana Central Ry, Co., running
from that point to Helena, Mont.) is now under construction; 140 miles, from Minot to Fort
Buford, Dak., were completed June 1, 1887, and it is expected that the entire line will be
completed by September 1, 1887.
Rolling Stock, June 30, 1886. — Locomotive engines, 201. Cars — sleeping, 19 ; passenger,
84; passenger and baggage, 13; baggage, mail and express, 44 ; business and pay, 8; freight
(box, 3,403 ; stock, 50; flat, 1,300), 4,753 ; caboose and boarding, 110; dump, 84 ; other, 12—
total cars, 5,072.
Operations for year ending June 30, 1886.— See tabulated statement below.
Earnings.— Passenger $1,473,412 30
Freight 5,587,284 43
Mail 125,26246
Express 79,354 19
Miscellaneous 56,42283
Total ($4,978.43 per mile) $7,321,;36 21
Expenses.— Maintenance of Way $1,476,709 81
Maintenance of Cars 343,962 81
Motive Power 958,088 09
Transportation 617,879 67
General 201,778 77
Total ($2,487.54 per railed $3,058,403 55
Net earnings (50.18 per cent.), $3,663,332.66 ; less taxes, $180 8.40 ; net income (47.57
per cent.), $3,483,084.26. Other receipts : Revenue from Land Department, $350,114.14 ;
from other sources, $171,116.08— total, $521,230.22. • Net revenue, $4,004.814.48. Payments:
* Part of main line marked A.
t Part of main line marked IS.
836
POOR'S MANUAL — ST. PAUL, MINNEAPOLIS AND MANITOBA RY. CO.
Interest, $1,999,820; sinking fund, $350,114.14; dividends (August and November, 1885,
and February and May, 1886, 1| per cent. eacL), $1,200,000— total, $3,549,934.14. Balance
to profit and loss, $454,880.34.
General Balance Sheet, June 30, 1886.
Railway, etc $54,880,393 35
Less Bonds Redeemed ... 2,750,000 00— $52,130.338 35
Materials, Supplies, and Fuel 277,300 89
Investments and Securities 3,342,797 33
Due from Companies and Individuals 131,883 40
Due from Foreign Roads, Agents, etc 72.169 81
Company's Stock .... 5,600 00
Bonds held for Revenue Fund 931,400 00
Cash on Hand and in Trustees' Hands 632,364 66
Capital Stock $20,000,000 00
Funded Debt 32,336.000 00
Sinking Fund (let Mtge.).. $3,300,332 23
Bds.Red'd... $2.750,000
Bond Premium.. 137,500— 2,887,500 00— 412.832 2£
Sinking Fund Congo). Mortgage Bonds... 10,808 60
Fund for Improvements and Renewals . . . 689.660 24
Audited Bills and Voucher* Unpaid 814,774 85
Unpaid Coupons due July 1, 1886 603,586 00
Accrued Interest not due 176,76000
Current Accounts 362,194 60
Profit and Loss 2,117.297 92
Total Investments $57,523,914 44 Total Liabilities $57,523,914 44
Statement of operations, capital account, etc., for seven years, ending June 30 :
1880
1881
1882
1883
1884
1885
1886
Miles of Railroad (average)..
Passenger Train Miles
656.00
294,739
838,315
702.00
628,705
1,092,945
540.102
25,384,814
666,740
93,330.924
8
819,929
2,691,773
189,150
926.00
814,794
1,203.00
1,183,008
2^3,520
1,107,597
68,070.471
1,417,617
341,539,997
$
2,0*3,441
6,687,935
369 255
1,378.00
1,182,111
1,459.00
1,243, 689
1,852,862
1,193,991
47,480.095
1,674,266
395,592. 105
$
1,395,797
6.013,050
367,317
1,470.69
1,201.116
1,562,648
1. HOI. 007
58,454,511
Freight Train Miles
1,617,971
723,386
54,352.245
1,345,726
189,862,911
1,587,180
4,773,006
269,508
1,782,670
1,146,877
53,494.372
1,669,631
340.347,879
$
1,662,431
6,114,459
479,978
Passengers Carried
Freight (tons) Moved
550,450
Freight (ton) Miles
374.985,532
1. 473,412
5,587,284
261,040
Passenger Earnings
$
672,048
2,084,712
128,570
Freight Earnings
Gross Earnings
2,885,330
1,300,513
3,700.852
1,746,096
6,629,694
8,320,777
9,090,631
4,342,993
8,256,868
3,734,700
7,776,164
3,315,719
7.321,730
3,658,403
Operatin1* Expenses
Net Earnings
1,584,817
650,361
1,954,756
228,432
3,368,917
894,937
4,747,638
963,943
4,522.168
632,705
4,460.445
197,577
3,663,333
521,230
Net Revenue
2,235,118
86,560
947,226
597,672
2,183,188
109,588
1,109.951
.223,832
4,203,854
195,002
1,188,091
702,865
(6*) 975,000
157.812
985,084
7,159 49
3,586 15
3.573 34
2.92 c.
2.51 c.
5,711,581
252,063
1,264,279
813,944
(9^)1,724,644
5,154,873
194,693
1,949,690
418,270
(8) 1,600,000
381.543
610,677
5,991 92
2,710 23
3,281 69
3.108C.
1.797C.
4,658,022
194,209
1.980,280
131,293
(6*) 1,800,000
4,184,563
180,249
1,999,820
350,114
(6) 1,200,000
Taxes
Sinking Fund
Dividends
Other Payments
47,865
555,795
4,398 36
1,98248
2,415 88
7,351
732,466
5,271 87
2,487 31
2^84 56
3.23 c.
2.88 c.
1,656,631
7,556 63
3,61013
3,94650
2.99 c.
1.95 c.
1,052,240
5.329 79
2.272 59
3,05720
2.94 c.
1.52 c.
454,380
4,978 43
2.48754
2,490 89
Earnings per Mile
Expenses per Mile
Net Earnings per Mile
Av. Rate per Pass, per Mile.
Av Rate per Ton per Mile. .
Expenses to Earnings
Capital Stock
45.04 p. c.
$
15,000,000
16,324,900
436,572
47. 18 p. c.
$
15,000,000
18,107.700
31,299
50. 08 p. c.
$
15,000.000
18,646.000
1,379
47. 77 p. c.
$
20.000.000
20,791,720
2,823
45. 23 p. c.
$
20,000.000
81,868,000
7,938
381,543
1,926,525
610,677
42.63 p. c.
$
20,000,000
32,43(5,000
170,741
689,660
1,493,195
1,662,918
49.82 p. c.
8
20.000,000
32,336.000
4-,'3,«41
889,660
1.957.315
2.117.298
Funded Debt
Sinking Funds
Improvements Fund
Bills and Accounts
1.522,707
555.795
3,109.324
1,288,261
6.372,019
2,273,345
4,384,648
5,671,977
Profit and Loss
Total Liabilities
33,839.974
31.687,881
569,990
37,536,584
34,825,534
828,856
1,089,927
549,259
243,008
42,292,743
37.694.336
1,095,549
2,105,578
665,731
731,549
50.85!, 168
44,812,236
370,519
8.025,165
2,301,210
342,038
54.294.6S3
49,360.873
504.528
3,250.665
606,953
571,664
56,452.514
60,629.180
428.995
3.409.040
1.212.654
772,645
57,523.914
52.130.3!i8
277,801
3.342.797
1,141.053
632.365
Cost of Road, ere
Materials and Fuel
Sundry Investments
Other Assets and Accounts..
Cash
216,458
1,365,644
Total Assets
33,839,974
37,536,584
42,292,743
50,851,168
54,294.683
56,452,514
57,523,914
Funded Debt consisted, June 30, 1886, of the following :
1st mortgage land grant, sinking fund 7 p. c. 30-year gold bonds, due Oct. 1, 1909. $5,250,000
2d mortgage 6 per cent, 30-year gold bonds, due 'October 1, 1909 8,000.000
1st mortgage (St. Paul and Pacific) 7 per cent. 30-year bonds, due July 1, 1892. . . 366,000
1st mortgage (Dakota Extension, $12,000 p. m.)6 p! c. gold bonds, due Nov. 1, 1910 5,676.000
Coiisol. mortgage 6 per cent. 50-year bonds, due July 1, 1983, int. Jan. and July. . 13,044,000
POOR'S MANUAL— ST. PAUL, MINNEAPOLIS AND MANITOBA BY. CO. 837
The first mortgage St. Paul and Pacific bonds (St. Anthony to Watab)are alfcO secured by
a 3d mortgage (now a first lien) on the line from St. Anthony to St. Paul.
The first mortgage sinking fund bonds are redeemable at 105 and accrued Interest from
proceeds of land sales. They are $100, $500 and $1,000 bonds, interest payable April and
October, principal and interest payable in gold in New York or in London. Trustees : John
S. Kennedy and James A. Roosevelt. The second mortgage bonds are for $1,000 each, and
are payable in gold in New York ; interest payable April and October In New York. Trus-
tees : John S. Kennedy and Samuel Thome. The Dakota Extension bonds were issued in
November, 1880, and are secured on certain lines in Dakota and on the Morris and Brown's
Valley and the Barnesville and Moorehead branches in Minnesota. They are limited to an
issue of $6,000,000 at the rate of $12,000 per mile of single track. They are $1,000 gold cou-
pon bonds, with privilege of registration, principal and interest payable in New Yor.':, inter-
est payable May and November. Trustee : Centra] Trust Co., New York.
The consolidated mortgage bonds are limited in issue to $50,000,000, of which $19,426,-
000 ure reserved to retire prior liens, $574,000 were sold, $10,000,000 were issued to stock-
holders in the nature of a dividend at the rate of 10 per cent, of their par value, and the re-
maining $20,000,000 were reserved to be issued only on new road at the rate of $15,000 per
mile of main track and $12.000 per mile additional for second track. They are $1,000 bonds,
coupon with registration privilege, principal and interest payable in New York. Trustee :
Central Trust Co., New York.
In July, 1886, bonds to the amount of $300,000 were issued under the consolidated mort-
gage upon 20 miles of new railroad, making the total amount bearing 6 per cent, interest,
$13,344,000. Since then, at various times, additional bonds to the amount of $7,800,000
have been issued under this mortgage on 520 miles of new road, the interest on these latter
bonds being at the reduced rate of 4£ per cent, per annum.
On June 1, 1887, this company executed a new mortgage to the Central Trust Co. of
New York, Trustee, to secure an issue of $25,000,000 first mortgage 50-year bonds, to be
known as Montana Extension bonds, in order to make provision for the extension of the line
westward through the Territory of Montana.
The authority for this extension was granted by Act of Congress, approved February 17,
1887, which gave to the [company right of way and other privileges, through the Indian
Reservation in Northwestern Dakota and Northern Montana, and under this authority the
company began early in the present year the construction of an extension of its line from
Minot, Dak., west to the Great Falls of the Missouri River, as already described.
The means for the portion of this work in Dakota was provided by the issue of 4^ per
cent, bonds under the consolidated mortgage, as shown above.
The route of the line in Montana from Fort Buford, on the Dakota line, follows the val-
leys of the Missouri and Milk Rivers to Fort Assiniboine, and runs thence southwesterly to
the Great Falls of the Missouri, a total distance of 400 miles. To provide the means for this
extension, and for its equipment, bonds to the amount of $7,000,000 under the new Montana
Extension mortgage have been provided for and are being issued to stockholders at 80 flat.
The remainder of these bonds ($18,000,000) are to be issued only for the construction of new
branches and extensions and for improvements, to an amount not exceeding the actual cost,
and limited to $25,000 per mile.
These bonds are gold, coupon ($1,000), and registered ($1,000 and $5,000), with provision
for registration of coupon certificates. Interest payable June and December at company's
office or agency, New York, N. Y.
Annual meeting, third Thursday in August, in St. Paul, Minn. Books close about ten
days before annual meeting and about two weeks before dividend payments, and reopen the
day after each event. Stock may be voted if held at the time of the closing of the books be-
fore the meeting. Interest and dividends payable at the company's office, 68 William Street,
New York, N. Y. Registrar of stock : Central Trust Co., New York. Stock and bonds
listed on the New York and Amsterdam (Holland) Stock Exchanges.
Land Department.— Total grant (10 sections per mile), 8,848,000 acres, of which certified
838 POOR'S MANUAL OF RAILROADS.
to June 30, 1886, 2,803,376 acres. Sold to that date, 1,670,795 acres ; less contracts cancelled,
112,223 acres ; leaving unsold 2,289,428 acres. Minneapolis and St. Cloud RR. total grant
(unsold), 437,796 acres. Sales during year, 68,560 acres, for $363,467.21, an average of s:..:;0
per acre. There were also sold 224 town lots for $12,865.30, an average of $57.43 per lot.
Cash receipts for year ending June 30, 1886 : Cash sales and principal on new contracts, $77,-
403.50 ; received on former sales, $330,329.14; for trespass, stumpage, etc., $949.62; interest
on sales, $81,938.24; on sinking fund, $581.64 ; principal and interest on town lot contracts,
$14,150.19— total, $505,352.33. Expenses, $155,238.19. Net receipts, $350,114.14. Deferred
payments due company, bearing interest at 7 per cent., $511,121.36.
Directors (elected August 19, 1886).— James J. Hill, Henry D. Minot, St. Paul, Minn.;
George Stephen, Donald A. Smith, Montreal, Can.; John S. Kennedy, Samuel Thome, D.
"Willis James, New York, N. Y.
Executive Committee. — J. J. Hill, J. S. Kennedy, D. W. James, S. Thorne, H. D. Minot.
JAMES J. HILL, President St. Paul, Minn.
John S. Kennedy, Vice-President New York City.
Secretary and Treas.— Edward Sawyer. . St. Paul, Minn. General Manayer—AMen Manvel St. Paul. Minn •
Comptroller— A.. H. Bode St. Piml, Minn. Auditor— S. S. Breed St. Paul, Minn-
Assistant Secretary and Transfer Agent— Edward T. Nichols New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
New York Office No. 40 Wall St., New York City.
SAINT PAUL UNION DEPOT COMPANY.
Line of Road, — In the City of St. Paul, Minnesota 5.5 miles.
Gauge, 4 ft 8Jf in. Rail (steel), 60 Ibs. per yard.
History. — Chartered March 5, 1879 ; opened August 22, 1881. The company uses 0.3
mile of the track of the St. P., M. & M. Ry. Co. at a rental of $840 per annum. All rail-
roads entering St. Paul use this company's depot. The average number of trains daily equals
150; average freight cars handled daily, equals 300.
Rolling Stock. — Locomotive engine, 1. Also, 16 trucks and push cars.
Operations for year ending June 30, 1886. — Earnings from passenger trains, $85,056.76;
from freight, trains, $4,759; from other sources, $25,632.69— total, $115,434.45. Expenses :
maintenance of way, $6,167.64; rolling stock, $11,015.38; miscellaneous. $98,251.43— total,
$115,434.45. Payments: Rental, $840; interest on funded debt, $15,000; dividends, May and
November, 3 per cent, each, making 12 in all paid to date $21,000 — total deficit, $36,840.
Financial Statement, June 30, 1886.— Capital stock (authorized, $500,000), $350,000;
funded debt, 1st mortgage 6 per cent. 50-year bonds, due in 1930, interest May and Novem-
ber, $250,000; vouchers, $5,765.58; interest and dividends, $6,000; other liabilities, $26,-
658.23 — total, $638,428.81. Cost of road, equipment, etc., $595,26.1.39; due from treasurer,
$8,892.97; materials and fuel, $1,357.77; current accounts, $32,005.65; cash, $906.03— total,
$638,423.81.
Annual meeting second Wednesday in May. Dividends payable May and November at
St. Paul, Minn. Interest payable at Central Trust Co. of New York, N. Y. Voting power at-
taches to stock immediately after transfer. Registrar of stock, C. B. Brunson, Secretary of
Company.
Directors.— E. W. Winter, W. H. Fisher, A. Manvel, J. T. Odell, St. Paul, Minn.; ,Ros-
well Miller, Milwaukee, Wis.
E. W. WINTER, President St. Paul, Minn.
J. T. Odell, Vice-Preirident St. Paul, Minn.
Treasurer— H. P. Upham St. Paul, Minn. | Secretary and Supt.—C. B. Branson St. Paul, Minn.
PRINCIPAL OFFICE AND ADDBEes. . St Paul, Minn.
POOR'S MANUAL OF RAILROADS. 839
UNION PACIFIC RAILWAY COMPANY.
Lines of Road.—
Union Division : Council Bluffs, la., to Ogden, L'tah 1,048.94 n
Kansas Division: Kansas City, Mo., to Denver, C'ol . i;i:{ r,l mile*.
Leavenworth Branch : Leavenworth, Kan., to Lawrence, Kan 84.00 miles.
Cheyenne Branch : Denver, Col., to Cheyenne, Wyo 106.00 miles.
Total length of consolidated line 1 ,832.45 miles.
Other railroads operated by the Union Pacific Ry. Co 2.701.95 n
Railroads iq which the U. P. Ry. Co. has proprietary interest 1,231.20 miles.
Total length of all lines December 31, 1880 5.825.CO miles.
Sidings and other tracks, 414.07 miles. Gauge, 4 ft. 8J in. Rail (steel, 1,764.12 m.), 56 Ibs.
History. — The Union Pacific Railway Company was formed January 24, 1880, by the
consolidation of the Union Pacific, Kansas Pacific and Denver Pacific Railroad Companies.
By the terms of consolidation the shareholders in each company were to receive shares in the
new company, corresponding in number to those held in the old, the number of shares of
Union Pacific being 367,023, Kansas Pacific, 100,000, and Denver Pa.-ific, 40,000, the stock of
the consolidated company being 507,023 shares, or $50,762,300. On the 6th of February,
1881, $10,000,000 additional stock was sold at par.
The Union Pacific Railroad Company was chartered on the 1st of July, 1862, by the Con-
gress of the United States, which granted to it the right of way over the public domain, 12,-
800 acres of the public lands per mile of road, and a subsidy in Government bonds, at the
rate of $16,000, $32,000 and $48,000 per mile of line, the object being to apportion the subsidy
in ratio to the cost of the several sections. The amount of the subsidy for 1,033 miles was
$27,226,512. By the act of incorporation, the subsidy bonds were to be a first mortgage on
the road. By a subsequent act, July 2, 1854, the company was allowed to issue an equal
amount of its own bonds, which were to be a first lien on the road, the subsidy bonds being
thereafter a second mortgage. For the repayment of the subsidy bonds the company was re-
quired to pay annually to the Government 5 per cent, of its net earnings, and to allow the
former to retain one-half of the charges for transportation on its account. The time fixed
for the opening of the road was July 1, 1876. It was opened May 10, 1869.
The Kansas Pacific Ry. Co., first chartered by the Legislature of Kansas as the Leaven-
worth, Pawnee and Western, was recognized by the aforesaid acts of Congress in reference to
the Union Pacific, and was made the recipient of a grant of public lands to the extent of 12,-
800 acres per mile, and subsidy bonds of the Government to the amount of $16,000 per mile
for a distance of 394 miles west from the Missouri River, the total amount of bonds being
$6,302,000. These grants were made on the same conditions as those given to the Union
Pacific. The name of this company was changed June 6, 1863, to the Union Pacific Eastern
Division ; and by an act of Congress of May 31, 1868, to the Kansas Pacific. The road was
completed from Kansas City to Denver, 638 miles, September 1, 1870. In 1873 the company
made default in the payment of interest on its bonds, and was placed in the hands of a re-
ceiver. Its affairs were reorganized in 1879, and the receiver discharged. As a part of the
proceedings of reorganization, the company created a mortgage to secure bonds to the amount
of $30,000,000, a portion of them being used to discharge the matured indebtedness of the
company, an amount being reserved sufficient to discharge all its unmatured indebtedness.
The Denver Pacific, connecting the Kansas with the Union Pacific, was constructed by
the Kansas Pacific, under acharter dated November 19, 1867, and was opened January 1, 1871.
Rolling Stock, December 31, 1886 (U. P. Ry.).— Locomotive engines, 857. Passenger
train cars— coaches, 112 ; coach and baggage, 13 ; excursion and emigrant sleepers, 55 ; Pull-
man sleepers, 38 ; baggage, 41 ; mail, 11 ; express, 18 ; baggage, mail and express, 5 ; bag-
gage and mail, and mail and express, 9 ; baggage and express, 8 ; officers' and pay, 9— total,
309. Freight train cars— fruit, 25 ; box fruit California Fast Freight Line, 275 ; caboose,
185: box, 4,291 ; California Fast Freight Line box, 174-; refrigerator, 74 ; flat, 501 ; coal,
1 063 ; coal (Pocatello transfer), 73 ; coal hoppers, 18 ; coal dump, 105 ; stone dump, 80 ;
840
POOR S MANUAL— UNION PACIFIC RY. CO.
stock, 798 ; combination stock, 159 ; extra trucks, Pocatello transfer, 20 — total, 7,791. Road
and miscellaneous — boarding, 19 ; derrick, 11 ; wrecking tool, 11 ; pile driver, 7 ; water and
tank, 52 ; plough and scraper, 13 ; construction flat, 22 ; steam shovels, 4 — total, 139. Total
of all classes, 8,239. Rolling: stock on all lines operated. — Locomotives — broad gauge, 420 ;
narrow gauge, 147 — total, 567. Cars — passenger train, 472 ; freight train, 12,375 ; road and
miscellaneous, 174— total, 13,021.
Income Account for the year 1886.
Gross earnings, as per statements $17,806,132 59
Less operating expenses , 10,283,425 57
Surplus earnings §7,522,707 02
Income from investments :
Dividends on stock 8646,533 99
Interest on Bonds 947,140 06— $1,593,674 65
Proceeds miscellaneous land sales 13,015 93
Interest repaid on Kansas Pacific consolidated mortgage bonds 1,113,600 00
Profits on investments, premiums, etc 670,341 57
Profit and loss 108,549 54
Available revenue ..$11,021,888 71
Interest on bonds 85,197,731 25
Discount, interest and exchange 67,223 95
Sinking fund requirements :
Union Pacific sinking fond mortgage 8135.000 00
Union Pacific Omaha Bridge mortgage 102,000 00
Kansas Pacific Denver Extension mortgage 100,000 00
Union Pacific collateral trust 6 per cent, indenture 117,000 00
Union Pacific collateral trust 5 per cent, indenture 137,965 00— 591,965 00
Due to the United States on business of the year 808,032 80
Taxes on granted lands, Union Division 5,867 24
Expenses conducting land sales, Union Division 56,773 07
Loss operating Leavemvorth, Topeka and Southwestern RR 11,721 76— 6,739,315 07
Surplus for the year §4.282,573 04
By balance credit at date of last report , 12,632,847 4-2
Balance credit December 81, 1886, as per general balance sheet §16,915,421 06
The income from bonds owned by the company but deposited in trust for security of the
collateral trust bonds, and the interest on the said collateral trust bonds and the sinking fund
requirements xherefor, are not included in the foregoing account.
General Balance Sheet, December 31, 1886.
Cost of Road and Fixtures $155,068,291 42
Construction since Consol.$2,399,325 37
Equipment since Consol . . 3,173,842 34
Omaha Bridge Improv'm't 642,229 08— 6,215,396 79
Present Cost of Property $161,283,688 21
Bonds and Stocks other
RR. Cos $32,911,775 95
Advances Payable in
Stock* and Bonds 5,697,670 44
Bonds and Stocks Steam-
ship,Coal and other Cos.
and County and Town-
ship Bonds 2,617,411 75
Miscellaneous Investm'ts. 755,749 93
Bonds and Stocks RR.and
other Cos. in Trust 3,217,250 00— 45,199,858 07
Cash and Cash Resources 1,351,189 73
Denver Ext. Bonds in Sinking Fund 638,638 95
Trust Five per cent. Sinking Fund 68,847 87
Fuel, Material, and Stores on Hand 2,889,218 35
Land Contracts, Land Cash, etc 18,599,518 67
Total Property and Assets $230,030,959 85
Capital Stock §60,868,500 00
Funded Debt $88,768.277 50
Less held by Trustees, Cons.
Mtge 6,799,150 00-81,969,127 50
Gov't Subsidy, U. P. RR. Co. 27,236.512 00
Gov't Subsidy, K. P. RR. Co. 6,303,000 00
$33.539,512 00
Int. Accrued $38.130,481 02
Rep'd by Traf . 22,459,727 56—15,670,753 46^9,210,265 46
Interest Accrued not due
Surplus Earnings $16,915,421 06
Income used for Skg. Funds . 3,568,598 78
Land and Trust Income 19,828.518 82
758,492 97
Total Income Account.. $40,312,538 66
Bal. of Interest on U. S. Bds. 3,087,964 74—37,224,573 92
Total Liabilities $230,030,959 85
POOR'S MANUAL — UNION PACIFIC BY. CO.
841
Operations for year ending December 81, 1886.— See tabulated statement below.
Earning*.— Passenger, General $4,064,812 07
Passenger, Government 06,161 75
Freight, Cash 11,458,815 55
Freight, Government 152,090 50
Freight, Company 621 ,855 51
Mail and Express 1,059,061 16
Miscellaneous 856,107 05
Exp«»fi«i,-TraiiiiporUtlon $8.084,927 10
M.-tlve 1'nwer 8,W.t,7.'>7 17
Maintenance of Cart 960,847 00
Maintenance of Way 1,968,070 98
Renewal of RalU 896,48646
General Expeiuet 810,79689
Taxeu 697,65445
Total ($5,612.00 per mile) $10,283,425 57
Total ($9,717.38 per mile) $17,806,189 59
Net earnings (42/25 per ceut.), $7,522,707.02.
Statement of operations, capital accounts, etc., of the U. P. Ry. for seven years :
1880
1881
1882
1883
1884
1885
1886
Miles of Road
1,820.90
2,120.90
895.00
313
184
73
5,535
249
1,820.90
2,163.40
1,294. IK)
344
187
83
6,671
220
2,132,057
7,143,637
11,635.450
807,140
163,570,005
2,065,030
783,331,084
$
5,131,572
17,063,127
721,312
696,184
646,622
1,820.90
2,200.40
1,878.00
344
205
79
6,724
226
2,519,036
6,717,790
9,611,683
981,420
157,527,386
2,101,635
732,791,054
S
5.197,730
15,402.167
746.516
748,932
728,539
1,820.90
2,200.40
1,488.00
842
201
78
6,548
246
8,145,882
BJ89.888
12,14s.T04
1,185,984
148,963 H39
2,588.287
745,989.015
S
4.o:.!Mio
14.26K.292
739,133
705,262
630,749
1,831.90
2,211.40
1,488.00
845
207
82
(;.si»i
M
2,675,K47
5,220,365
11,650,442
|,96MO
142.6W.M1
2,063,016
748,946,777
S
4,212,597
11,660,311
603,179
655,113
705,861
1,832.45
2,211.95
1,488.00
340
206
79
6,070
M
1,97MB
4.SS3.3I3
10,728.340
1,357,664
144.SOii.M7
8,183.770
Krn'.->7s.ini
8,979,900
12.070,749
f>14,< W
805,574
ym
9,947.19
1,761 12
857
218
M
7.556
383
2.230. l</7
4.'.r.K,Mfi«
11,759,999
1.713.615
194,870,072
8.561,572
!«;*;.-j:«,r,77
I
12.230.271
687,809
471,778
856,107
Miles of Track
Miles of Steel Rail
Locomotives
Passenger Care
Baggage, etc., Cars
Freight Cars .
Other Cars
Passenger Train Miles. . .
Freight Train Miles
Total Engine Miles
Passengers Carried
Passenger Mileage
Freight (tons) Moved. . .
Freight (ton) Miles
Passenzer Earnings
Freight Earnings
»
5,405,125
15,218,608
719,350
681.818
430,334
Mail Earnings
Express Earnings
Other Earnings
Gross Earnings
28,455,135
10,545,120
24,528,817
12,480,343
22.M3.SS4
10,727,049
91,002.542
10,854,531
17,887.061
8,895,152
17,455,031
u.or>ii,:v.!>
17,806.133
10,283,426
Operating Expenses
Net Earnings
11,910,015
1,294,402
11,778,474
1,778,834
12,096,a%
2,311,089
10,648,001
2,066,682
8,941,909
2.460,291
8.404,676
2,565,112
7..V.>-,'.707
8,499,182
Other Receipts
Net Income
13,204,417
.5,174,473
1,779.811
(6) 3,045,738
434,000
114,316
13,556.808
5,124.034
1,653,359
(7) 4,076,134
439,000
103,096
14.807,934
4,976,204
2,097,190
(7) 4,260,788
442,000
191,645
12.714,683
4,087,711
1,809,958
(7) 4.260,788
476.4S9
177,8(58
I1.4i«.$i0
5,397,071
1,187,110
(31)1,065,197
591,440
450,916
lo.Wii.7s-.
5,33(1,267
1.184,053
11,021,889
5,197,781
806,083
Interest on Bonds
Subsidy
Dividends
Sinking Fund
593,605
511,582
591,965
141,586
Other Charges ....
Total Payments
Balance, Surplus
10,548,888
2,656,079
i2,asi 21
5,790 84
6,540 37
46.96 p. c.
11,395,623
2,161,185
13,322 43
6,853 94
6.468 49
51. 45 p.c.
8.38 c.
1.99 C.
S
60,868.500
82,118,134
88,539,512
12.5U0.388
2,00 '.541
8,287,513
6,544,868
11,967,827
2,340,107
l-'.rm ID
5,891 07
6,643 33
47 p. C.
8.89 c.
2.10 c.
S
60,868,500
81,845,507
83,539,512
13,13l!,489
2.748,000
7,S93,960
10,531,911
11,452,809
1.261,874
11,534 15
5,686 49
5,847 66
49. 31 p.c.
3.13 c.
1.91 C.
S
60.808,500
84,506.332
88,589,512
18,868,041
8,398,000
7,539,287
15,198,988
8,691,834
2,710,367
9,736 92
4,855 70
4.881 22
50.64 p. C.
2.90 c.
1.91 C.
S
60,868,500
84,178,285
83.539,512
15,321,738
5,708,740
i;..-<,sr,. r..fi
24,401,121
Tjmjm
9..V.T, 77
4,939 07
4,586 70
61 .85 p.c.
2.75 c.
1.49 c.
HO.MW..-,.!.
Sl.!«7.KhX>
33,539,512
15,167.214
4,n.'.,om
5,470,155
32.111.H.M
6,739.315
4. IK-1. 374
9,717 88
6,612 00
4,105 38
57.75 p. c.
2.14 c.
1.36 c.
?
60,888,500
81,909.128
88,589,519
15,670.753
6,473.0*7
87,224,574
Gross Earnings per Mile.
Gross Expenses per Mile
Net Earnings per Mile..
Expenses to Earning''..
Earnings p. Pass. p. Mile
Earnings p. Ton p. Mile.
Capital Stock
50,762,300
8i,623,114
33.539,513
12,133,976
2,8S4,«7
4,796.411
3,804,064
Funded Debt
U. S. Subsidy Bonds....
Interest on Same (net)..
Bills Pavable
Current Accounts
Profit and Loss
Total Liabilities
Cost of Property
185t.W3.fi74
154,743,629
22,043,128
805,950,456
156,878,669
30,759,855
2,563,360
106,178
2,195,950
199,545
3,164,470
6,074,212
2,265.378
1,732,838
210.Mi.%S7!»
156.949,005
34,131,995
2,552,213
231,122
3,808.950
185,572
2.7«;s.4:i7
6,306.759
1,090,160
1,609,661
218.918,660
157,391,940
85,S36,842
4,811.124
431,570
8,210,950
289.000
8,557,565
li. -,'14, 104
3.213,555
1,962,310
•M<>.JO-,'.4:M
158,918,607
41,077.485
4,797.9M
620,040
3.215.200
107,000
l.-.'-Jo.r,!-,!
15.6M.-J'M
3.777,775
712,368
2r«.-«J.114
l.Vi.-Jlis.itiy
41,547,44.%
8.41MBO
aao£M
BJ16JSO
601,991
1.I-.S3.4.-U
is,i:,i..-.>;«i
3,909.790
7-.J5.ss7
886,746,094
161 ,283.688
36,297,8*7
6,897,070
755.750
s.-jir.-r-i
707,487
8£89jn8
18,599,519
:>.)'.' 1.-.V7
MMH
Stocks and Bonds
Stocks & Bonds in Trust
Bonds in Sinking Funds
Materials and Fuel
1,877,299
6,384,181
2,210,838
2,734,599
Bills and Accounts
Cash on Hand
Total Assets
189,993,674
205,950,456
210,563,879
218,918,660
230,402,421
233,229,114
285,746,094
842
POOR S MANUAL — UNION PACIFIC RY. CO.
Statement showing mileage, total stocks and bonds, stocks and bonds owned by
Union Pacific Railway Company, of all railroads in which the Union Pacific has a pro-
prietary interest, but the earnings of which are not included in those of the Union Pacific
svstem :
RAILROADS.
Length
of
Road.
Total
Capital
Stock of
Company.
Total
Bonded
Debt of
Company.
Total
Stock and
Bonds of
Company.
Owned by or Held in Trust for
Union Pacific Railway Co.
Stock.
Bonds.
Total.
Central Br. Union Pacific
M.
100.00
254.03
34.00
$
1,000,000
1,522,400
202. 4)0
9,100
$
2.230,000
4.070,000
542,000
$
3,230,000
5,592.400
744,800
9.100
6.000
2,760,000
404.800
1.678,000
*200.000
1,209,500
13,241,362
1.000,000
555,860
9,125,000
S
858,700
124,400
S
1
858.700
124,400
Atchison Colorado and Pac.
Atch., Jewell Co. and Western
Colorado Western
9,100
6,000
550,fiOO
4,800
418,650
500
959,500
2,301,500
1,000,000
555.000
1.88«,900
9.100
6,000
550,900
404,800
500
1,209.500
2.301,500
1.000.0(10
1,886.900
Gray's Peak, Snake R. & Leadville. . .
Leavenworth. Top. and So. W'n . .
46'.30
6.000
1,380,000
4.M:0
1,000,000
*200.000
950.5iX)
4,600.000
1.000,000
555.H60
4,225,000
' "l,380,000
400,000
678,000
Loveland Pass Mining & RR. Tunnel.
Mfin., Alma and Burhngame
400,000
339,000
56.62
66.73
93.50
252.52
7.50
37.00
280.00
Montana Union
Nevada Central
250,000
8,611,362
4,9ob',6o6
250,000
St Joseph and Grand Island.
South Park and Leadville Short Line.
Utah and Nevada
Utah Central
982,000
Totals
1,228.20
16,665,460
23,091,362
39,756,822
8,675,950
1,971,000
9,664,950
* This is the authorized capital stock of this company, one-half of which, when issued, will be owned by the
Union Pacific Ry. Co. and other half by the Northern Pacific RR. Co.
Statement showing the mileage, stocks and bonds of other roads operated and the earnings
of which are inclnded in thoee of the Union Pacific system, together with the amount of stocka
and bonds owned by or held in trust for the Union Pacific Railway Company, and the cost of]
same to that company :
NAME OP RAILROAD.
Miles
Operated.
Gross
Earnings.
Expenses
and
Taxes.
Net
Earnings.
Interest
Charges.
Other
Payment*.
Profit or Loss
to Union Pa-
cific Ry. Co.
Union Pacific Ry
1,832.45
273.86
114.97
31.78
57.60
13.51
610.62
442.13
5.25
31.00
87.60
57.04
35.43
166.14
327.17
322.25
53.89
27.00
3.22
8.47
3.92
23.74
7.56
11.53
$
17yR06,132 59
802,189 58
186.473 82
77.664 80
66,146 89
9^740
1,942,10731
2.050,438 69
78.764 92
12.440 69
216,224 01
139,177 80
79.403 <)7
217,672 64
1,391,21505
1,24(1.539 77
70,657 05
91,29477
15,367 13
11,330 03
3,10327
41,841 56
33,054 81
23,56893
$
10,2!a3.425 57
788,350 15
147.300 17
72,004 63
36.763 64
2,146 10
1,434.731 21
1,591,0*) 69
60,415 52
28,82490
166,447 23
111.428 55
54.098 59
293.719 30
977,1022o
1,292.84309
92,336 53
75,65502
7,84244
15,447 75
5,43669
35,434 93
21,04965
14,794 17
$
7.522.707 02
13.839 43
39.173 65
5,66017
29,383 25
d. 1,15870
c. 507. 627 02
d. 460.969 .54
18,349 40
d. 16,38421
49,776 78
27.749 25
25.30528
d. 76,04666
a. 422,370 82
tf.b.38.04530
rf. 21,fi7948
15.(i39 75
7,52465
d. 4.117 72
d. 2.333 42
6,40663
12,005 16
8,774 76
5,197.731 25
157,990 00
68.390 00
28.80000
64,80000
S
1,541,58382
9,39568
1W357
12,00000
S
p. 783.391 05
I. 153.546 2
/. ^
I. 35.1398
;. 3-
/. 1.1587
/. 305,103 7
p. 72.959 5
p. 1-
/. 44.',>-4
/. K
I.
1. -
I. 159.403 (
p. 78.341 {
I. 3»'i-
/. 7-
p. 1
p. :
/. 1.
'.
p. 6.406
p. 6,605
p. 989'
Omaha and Rep Valley RE
Om Niob andBl Hills RR
Echo and Park City Ry
Salt Lake and Western Ry
Laramie. No. Park and Pacific Ry.
Oregon Short Line Ry
895,860 00
388,010 00
6,870 53
4500
27.90000
&5,ooooo
34,50000
32,4ilO(iO
80.88000
336,03000
301.50000
56,00000
June. City and Fort Kearney Ry..
Solomon RR
11633
Salina and Southwestern Ry
Kansas Central RR
2.478 96
r.'.i-iii M
28,53(326
Colorado Central RR
Denv., So. Park and Pacific RR . .
Greeley, Salt, Lake and Pacific Ry
Denver and Boulder Valley RR
Golden, Boulder & Caribou Ry.
G'twn, B'rdge and L'ville Ry..
Denver and Middle Park RR . .
Manhattan and Blue Valley RR
Denver, Marsh, and Boulder RR
Salina, Lincoln and W'n RR —
Total Auxiliary Roads
4,80000
8,89000
1.06040
e. 5.400 00
f . 7,785 00
2.715.68
4,548.13
8,797.664 89
26,603,797 48
7,325,19320
17,608,618 77
1,472.47169
8,995.17871
2,584,935 00
7,782,666 25
68.K66 73
1,610,25055
/. 1,181.14104
;. 1,3!':
Total of all Lanes
ra. Including $8,258.02, discount and interest received, b. $8.258.02 deducted, being interest and discount r
C. Including §250.92, proceeds of town lot sales, d. Including $1,551.54 on profit and loss account, e. Six months to D»-
cember 1, 1886. f. Three months to December 1, 1883.
NOTE.— In the above statement the total amount of interest accrued during the year on bonds of auxiliary roads is in-
clnded in the column headed "Interest Charges," although the actual payments by the Union Pacific Ry. Co. during th*
year on account of such aggregated only $1,298,399.17.
POOR'S MANUAL — UNION PACIFIC BY. CO.
Statement showing the mileage, stocks and bonds of other roads operated and the
earnings of which are included in those of the Union Pacific system, together with the
amount of stocks and bonds owned by or held In trust for the Union Pacific Railway Com-
pany, and the cost of same to that company :
RAILROADS.
Length
of
Line.
Total
Capital
Stock of
Company.
Total
I$on<|i-<l
1)1-1)1 Of
Company.
Total
Stock and
Hoinl>- of
Company.
Owned or Ik-Id in Truet
for Inion Pacific Hallway Co.
Stock.
Bonds.
Total
M.« k :nnl
Boude.
Union Pacific Railway
1,832.45
$
60,868,500
njta
841.500
M0o,»o
700,000
181,179,393
71,587
MMrjN
I04.N04
841,500
11.14H.300
l.i-IMKX)
161,450
vS
822.124
MM.OOO
17,000
mju
148
7W,n0
(88
•
7,078/nO
.567,000
Average per Mile
Blue Valley
07.81
327.17
27.00
3.92
Colorado Central
4,788,000
550,000
4.7HU.X1
550.000
Denver and Boulder Valley . .
Denver and Middle Park
Denver, Marshall and Boulder . . .
Denver, South Park and Pacific..
Echo and Park City
26.70
322.25
81.78
8.47
53.89
87.60
166.14
13.51
81.00
54.95
1,000,000
6,235,400
480,000
127.700
808,500
1,056,100
1,348,000
64,400
465,000
•,'lli.OOO
4,725,000
480,0! K)
127,000
806.006
1,141,000
1,848,000
1,216.000
10,960,400
Mo,ono
2.->»,ioo
i,«iejoo
8,197,100
2.;;«;.tMi
64,400
930,000
1.000,660
6,135,500
48(1,000
1X7,700
108,500
764,000
1,313,400
64,400
465,000
216,000
480,000
127,000
M6400
'.,141,000
1,162,000
i.-.'ifi.noo
900,000
l,906JOOO
04.400
930,000
Georget'n, Breckenridgre & Leadv.
Greely, Salt Lake and Pacific
Junction City and Port Kearney.
Kansas Central
Laramie, North Park and Pacific.
Lawrence and Emporia
465,000
465,000
Manhattan and Blue Valley
Marysville and Blue Valley. . I
Omaha and Republican Valley, j
Omaha, Niobrara & Black Hills. .
288.86 1
114.97
128,000
2,257,000
077,000
14,081,000
542,000
519,000
1,080,000
575,000
5,543,000
128,000
4,123,900
977,000
20,004.000
830,400
I.IVJ'I.UW
2, HUM ino
1,068400
11,086,000
128,000
i,iV..i»m
977,000
128,000
4.121.900
977,000
8,016,800
2,160,000
1,676,800
9,784,400
1,866,900
ymjm
Oregon Short Line
610.62
35.43
34.60
57.60
57.04
408.45
14,073,600
906,400
1,130,000
1,080,000
1,108,850
5,543,000
8,015,000
231,700
t. 050.000
1,080,000
1,000,500
4^16,400
Salina and Southwestern
Mfem
519,000
1,080,000
575.1 »« >
4.'.'IO.IM)
Salina, Lincoln and Western
Salt Lake and Western
Solomon
Utah and Northern
Total Operated Roads
2,829.76
44,077,650
15,958.89
104,94(5,150
22,842.18
41,198.000
14.018.t7
172,877,393
37.519.02
86478,650
80.g76.UI
877,888,548
60,361,20
35.917,324
13,004.34
7,852.77
•JM..'-C.i««i
8,511.01
24,144,300
5,255.16
.19,124.324
Itl .515.80
tH.22:j.('74
13,107.93
Average per Mile
Total of all Roads
4,662.21
Average per Mile
Classified statement of earnings of the Union Pacific Railway for seven years, 1880 to 1886,
and of the Union Pacific System, for five years, 1882 to 1886 :
Tears.
Miles.
PASSENGER.
FREIGHT.
Van.
KxprcM.
MUcclla-
neous.
Total.
Cash.
Govern-
ment.
Total.
Cash.
Govern-
ment.
Company.
*
Tout
*
*
i
1
*
S
8
1
$
«
Union Pacific Railway :
1880....
Iggi
1,820.9
1,8-'0 9
8,171,11467
4,91'2,711 28
234,010 35
208,861 11
5406,125*2
5 181,671 89
13.406,910 18
15.075 615 V8
4«9 01* 04
4S4.0I3 14
1 141(7127
i ;. MM >
16.118.507 <»
I7.06S.1V7 M
r<s*.tro M
6«7.876 •»
6*1 818 oj
(M.1S41!
ISO SSS 91
64 .611 U5
11 175 666 40
:« l"i..-*o U
1882.
1,810.9
5,054,343 73
143.386 28
5197.78001
18,543 841 6fl
$81, 64807
1496,67774
16 401 167 IT
631969 11
r4MM 3
71 •.63" 96
1A'10.:<17 7S
IHS3.
1,820 9
4.545,3(8 29
118,767 87
46.'9.116 16
IH..VH; :.M-J 1:1
342 967 93
1.818.T5I 16
11.168 191 SI
861 '.'I ( 6-
706.K1 9«
• MTM "•
2<1.9I ..6S411
1884!.!..'
1,831.9
4)llO,839 96
102,257 16
4 i 11,597 11 ill, 073.840 «8
H'-,"-.T «::
817,60.' 61
11 66)1,110 «S
808 178 CO
(K6.H344 705.861 07
17.tS7.060 M
J886i
1886
1,832.4
1,832.4
8,884,049 41
4,046,512 07
96,8."X> H»
96,161 75
8979,^9980 11.31642485
4,160,671 S2111,4o«,81oM
IUS .7^486
152,089 M)
68V 99 94
6H.S..6 61
I'.' 070.74* 16
ii.no, t;c 66
6»4..186»
MI WITT
(14.0MM .WC.MS W
471,714** 144,10706
i: C.i" 1 51
1T.806.1S1 i»
Union Pacific Syttem :
11«1
1883
IS84
.886«.......
.886
3,632.69
4,11 1.65
4.420.8H
4.473 95
4.638.13
6,679,186 48
6 189,820 '.'2
6,943 789 23
5,647 691 95
5,978,609 a»
149,874 17
118 1774-1
127.117 71
107.74M 73
117,727 87
6.818,660 66
6 307,497 66
6.07090696
5.755.441 68
6,096,287 86
18.049.918 1*
17.8*1.180 05
16.368.618 M
16.V49.674 64
17,671,80* 06
*81.«.*« 7«
861.678 0.1
161 671 42
171 073 46
166,680 »l
1.617.K6 "6
I.'IV. .•.••,. T •
46-',SST 44
HUM i-:
8 J*,866 0*
ri.048.TM 41
:.••..< 4 *..- J:
17.0*1917 «»
18 0-14 14T 06
18,688,744 4«
7"".S61 3S
M -4K :s
881,170 8»
81 .'.ill *«
M9.59S 4f
HMMtf
MS }',•:,<
SI ! «91 46
Ml .''16 M
6*1,168 41
8M *M O.VM.4SO S18 TO
T08.MO 01 18 «1» m 80
sls<91 SI 25.6:>7.190 41
440 8-^« M 16,874 674 75
4S7 968 77 K.601,7»T 48
For purposes of comparison, the figures for 1885 b»ve been revised by deducting the earning* of that portion of the rallroaJ
Jtah and Northern Railway Company north of the Silver HOT, and of the railroad of th« MonUna Railway Company, for the months of
tngnst to December, Inclusive, this portion of the Union P.clflc »y«t«m having been operated by the Montana Union Hallway Company
Ince August 1, 1886 ; the earnings of the Montana Union Railway tX>mpany are not Included In tboM of the ij«t«m.
844
POOR'S MANUAL— UNION PACIFIC BY. CO.
Statement of classified freight, forwarded during the years 1885 and 1886:
ARTICLES.
Union Pacific Railway.
Union Pacific System.*
1886
1885
1886
1885
Coal
Pounds.
1,683,240,000
168,640,000
121,340,000
Pounds.
1,449,426,000
105,146,000
126,436,000
Pound*.
1,922,806.000
324,674,000
780,608,000
Pounds.
1,649.078.000
198,640,000
679,892,000
Stone and Brick
Ore (Iron) I
Ore (Copper) >•
Ore (Silver) j
All Mineral Products
2,148,980,000
265,686,000
777,560,000
1,824,646,000
367,214,000
864,070,000
3,284,190,000
298,916,000
810,936,100
2,741.782,000
370,348,000
927,94s,000
Wheat
Corn
All Agricultural Products
1,417,992,000
355,606,000
318,046,000
32,116,000
677,682,000
2,172,722,000
1,526,962,000
281,306,000
291,218,000
35,250,000
663,54^,000
1,644,762,000
1,567,810,000
400,986.000
387,782,000
34,370.0(10
743,050,000
2,621,984,000
1,688,676,000
321.890.000
3(i5,730.000
89,773,000
708,962.000
2,063,258,000
Groceries and Provisions. ..
Hardware and Metal
Animal Products
Animals
Miscellaneous
Grand Total
7,123,144,000
6,270,686,000
9,040,772,000
7,930,070,000
* Not including company freight.
Statement of floating debt U. P. Ry. Co. (Railroad Commissioner's Form), quarterly:
September
30,1885.
December
31, 1885.
March
81, 1886.
June
30, 1886.
September
30,1886.
December
31, 1886.
LIABILITIES.
Bills Payable *
$
5 96000000
$
4,115000 00
8
3 961,00000
$
245000000
$
9
Accounts Payable
1.609,89888
483,079 48
667,314 15
786,507 93
965,800 64
294.036 09
Pay Roll § and Voucherst
2,227,418 35
2,828,075 25
2,558 633 05
2 378 554 12
2,515,759 97
3,992,746 22
Dividends Unpaid
71 970 77
71,878 02
71,56777
71,567 77
.71,04277
69,807 27
Coupons' Unpaid $
342,907 90
1,263,017 90
392,652 90
1,259,937 90
302,968 44
1,262,544 24
Called Bonds
5000000
50,00000
172,000 00
7700000
100,00000
96,00000
Total
10,262,195 90
8,811,050 65
7,823,167 87
7,023,567 72
3,955,631 82
5,715,133 83
ASSETS.
Cash
1,101,04650
725,887 15
739,098 86
1,226,224 45
385,84073
806,457 90
Company Stocks and Bonds
2,516,268 85
2,313,918 60
1,139,761 83
896,718 17
709,631 70
768,63832
Sinking Fund in hands of Trustees
50,97744
Bills and Accounts Receivable J
3,752,751 06
3,909,799 50
4,179,997 93
5,457,401 70
5,633,063 75
5,491,227 33
Total
7,421,043 85
6,949,605 25
6,058,858 62
7,580,344 32
6,728.536 18
7,066,323 55
Net Floating Debt
2 841 152 05
1 861 445 40
1 764 309 25
Cash and Cash Resources, balance of.
556,77660
2,772,904 36
1,351,189 73
the Omaha bridge and extensions of branch lines.
iv. wiiiauu utilise: auu c^tcuaivuB Ul iriuilull tlllco.
| Includes full amount of coupons due on following day.
§ Includes notes receivable held by the company, advanc
.11$, open accounts at Omaha against other railroad compan
current account.
1885 of tax vouchers
the construction of
,„.,, »u,<*nces to Utah Central Railway Co. for purchase of steel
•ad companies and individuals, and advances to branch lines on
The company stocks and bonds referred to in the above table are as follows :
Amount.
Bonds.
Market Value.
S5,000 00
426,000 00
200 00
23,100 00
183,000 00
161,450 00
Omaha Bridge Bonds
120
118
30
50
100
6l»
$6,000 00
502,080 00
60 00
11.55000
183,000 00
99,695 37
Union Pacific finking Fund Eights .
Kansas Pacific Subordinated Income Bonds
Kansas Pacific Unsubordinated Income Bonds . ....
Omaha Bridge Renewal Bonds ....
Union Pacific Stock
8798,750 00
$802,985 37
The market value of these securities on Dec. 31, 1886, was $34,347.05 more than their
aggregate cost ($768,638.32).
POOR 8 MANUAL — UNION PACIFIC RY. CO.
845
Statement of funded debt in detail, December 81, 1886 :
DESCRIPTION OF BONDS.
Date of Bonds.
Property Mortgaged.
DrtMMfc
Amount
Our-
x landing.
Annual
Interest.
Issued.
Payable
Termini.
Length.
Hate.
.Payable.
Union Pacific RR. Co. :
1st Mortgage
1866-69
1867-69
1874
1871
1879
1865
1866
18T.9
1866
1879
1866
1866
1896-99
1887-89
1894
1896
1908
1895
1896
1899
189G
1919
1916
1916
Omaha to Ogden...
See below ...
Miles.
ym
**
7
8
8
8
0
0
7
7
6
7
7
J. A J.
A. A 0.
M A S.
A. A O.
J. A J.
P. A A.
J. A D.
M.AN.
M.AN.
M.AN.
M. A S.
M. AS.
•r.-.V.uxn.i
«....V..iOi.»l
14.:i4K.'<mm
1,519.00000
4,428,000 00
2,840,000 00
4.lHi.TU).lll«i
J.'KWOO
18,(lOO 1)0
14.s.V,.<»«nio
4;).!i.Mi«i
6MBOOO
g.00000
18508
54250
4,552,00000
15,000 00
291,00000
1,688,740 00
148.1)20 00
1,927,64000
181, .'.«)(»)
*;:,..•**« MM
184,40000
•£,78000
KMOOO
1,86000
KHl.tflHui
8,216 50
Land Grant
Sinking Fund
Omaha to Ogden...
Bdge. A approaches
See below
1,088
8
Omaha Bridge.
Collateral Trust
Kansas Pacific Ry. Co. :
1st Mtge. East. Div. . .
1st Mtge. Mid. Div...
1st Mtge. Denver Ex.
1st Mtge. Leav. Br
Consolidated Mtge...
Income (3d Mtge.l
Income, subord'd
1st Mtge. Chey.Br....
Missouri Rlv., west
llntli to :t'Jltli III. p.
S94tli m.|M»t. ID IK-M
Leav. to Lawrence.
140
854
845
34
East. A Mid. Divs. .
894
Denver to Chey
106
Denv. Ex. Coup. Cer.
Leav. Br. Coup. Cer..
Union Pacific Ry. Co. :
Trust Bonds
1880
1880
1883
1883
1871
7
2695
8797
227,60000
75)100
23.-JHJ < A)
7
1907
1907
1896
5
6
8g-
J. A D.
J. A D.
A. A 0.
Trust Bonds, reg
Omaha Bridge Ren. . .
81,969,12750
NOTE.— The amounts afloat of Kansas Pacific bonds, only, are given in the above statement. The following
are held by the trustees of the consolidated mortgage : Leavenworth branch bonds, $582,000 ; income bonds
$217,750; income (subordinated) bonds, $3,948.400 ; Cheyenne Branch bonds, $2.051.000; Leavenwonh Branch
coup_pn certificates, $315— total, $6,779,465. Amount issued and unpaid December 81, 18H5, $88.757,147.50. Of
the Denver extension bonds, $512,000, on which the Union Pacific pays interest, are held in the Kansas Pacific
Denver Extension mortgage trust.
The first mortgage 6 per cent, bonds were issued during construction, and are secured on the road and
equipment. They are $1,000 gold coupon bonds ; interest in New York and Boston ; quoted also at London and
Dublin.
The U. P. land grant bonds are secured by first mortgage on 10,514,789 acres of land. They are $1,000 coupon
bonds, principal and interest payable in New York and Boston ; quoted at London and Dublin. They are re-
deemable by pnrchaee out of proceeds of sale of mortgaged lunds.
The sinking fund bonds are third mortgage on 1,038 miles of main line, and second mortgage on the lands.
Of the total issue as above, $12,554,000 are coupon and $1,929,000 registered. They are redeemable September 1
1893. Principal and interest at New York and Boston ; quoted at London.
The Omaha Bridge bonds are secured by first mortgage, specially authorized by Act of Congress, on the bridge
across the Missouri from Omaha to Council Bluffs and approaches thereto. They are coupon $1,000 or £200 bonds,
redeemable in April, 1896, principal and interest at London agency or in New York and Boston at the option of
the holder. They bear the indorsement of the London and San Francisco Bank. They are quoted at London and
Glasgow. Interest is free from government tax.
The 6 per cent, collateral trust bonds are limited in issue to 80 per cent, of 1st mortgage bonds of Omaha and
Republican Valley, Colorado Central and Utah and Northern, deposited in trust as security. They are $1.000
coupon bonds, dated July 1, 1879, due in 29 years, interest in New York and Boston. Whenever the trustees
have $10,000 in hand they are to purchase these bonds at par and 5 per cent, premium; to be drawn for redemption
at that price if not offered at par. Trustees, Union Trust Co.
The Kansas Pacific Eastern Division, Middle Division and Leavenworth Branch bonds are for $1,000 gold
each ; principal and interest payable in New York.
The Denver Extension bonds are also a 1st mortgage on 8,000.000 acres of land. They are $1,000 coupon
bonds ; interest, free of government tax, in New York, London, or Frankfort, at option, of holder ; principal in
New York.
The Kansas Pacific consols are $1,000 gold coupon or registered bonds. They are secured by mortgage on
the line from Kansas City to Denver, and upon the Leavenworth branch. 673 miles in all, subject to tin- di\ iM»iml
first mortgages and the government, subsidy bonds ; also upon the lands lying west of the 880th mile post, subor-
dinate to the Denver Extension bonds. They are a first lien on the lands adjacent to the first 880 miles of road.
They are further secured by deposit in trust of bonds and stocks ($3,158,000 bonds and $1,780,000 stocks) of tribu-
tary roads, aggregating 227 miles, and about $2,000,000 in land notei. The authorized issue is $20,500,000, of
which $24 000 000 are to be used for the conversion and consolidation of pnor mortgages, and the balance. toin-thiT
with any surplus of the $24,000,000, to be issued for construction and equipment of new roads. Trustees, Jay
Gould and Russell Sage.
The collateral trust of 1883 are gold $1,000 bonds, dated April 2, 1888, due December 1, 1907, im.-r.-t at NYw
England Trust Co Boston. They are limited in issue to 90 per cent, of bonds of the Colorado Central, Utah and
Northern, Omaha and Republican Valley, Utah Southern RR. Extension Co., Denver, South Park and Pacific, and
Kansas Central, deposited in trust as security.
846
POOR'S MANUAL — UNION PACIFIC ET. CO.
The Kansas Pacific subsidy bonds are a 2d lien on 394 miles of road from the Missouri River westward, em-
bracing the Eastern and Middle divisions. They were issued during construction from 1865 to 1867, and are due
in 30 years, interest 6 per cent.
The Uuion Pacific subsidy bonds are a 2d lien on the main line from Omaha to a point 5 miles west of Ogden,
1,038 miles. They are $1,000 bonds, issued 1866 to 1869, due in 30 years, interest 6 per cent., at U. S. Treasury, at
maturity.
THE UNION PACIFIC SYSTEM.
RESULT OF FINANCIAL OPERATIONS FOR THE YEAKS 1886 AND 1885.
Income.
1886
1885*
Expenditure.
1886
1885
Earnings, Entire System
' $
26,603,797 48
16,553,109 03
8
25,674,674 75
15,083.175 25
904.058 28
INTEREST ON BONDS.
Union Pacific First Mortgage
S
1.633,74000
153,601 85
1.155,04000
124,768 55
888.80000
134,400 00
243,780 00
3SO,6-'3 12
267.8(17 51
184.530 62
!),l>49 72
21,529 88
S
1,633,740 00
189>2:i 10
1,186,413 76
133.S2H 32
M5.0IIMX)
134,4(KM!0
243,780 00
380,798 06
274,i;94 40
184,4^ 1-<
80000
49,263 57
Expenses, " "
Taxes, •' "
1,055,509 74
Total Expenses and Taxes
Surplus Earnings.
17,608,618 77
15,987,233 53
Sinking Fund
" Omaha Bridge
Kansas Pacific Consol. Mortgage.
" Ea>tern Division..
Middle Division...
" Denver Extension.
Union Pac. Col. Trust Six p. c.. .
" " " " Five p. c..
" " Omaha. Bg. Ren'l mtge
Miscel. and Guaranteed Interest. .
8,995,178 71
9,687,441 72
3,84000
42,935 00
150,00000
INCOME FROM INVESTMENTS
OUTSIDE OP THE SYSTEM.
Dividend on
Bozemau Coal Co. Stock
5,197,731 25
67,323 95
5,336,267 05
£56,138 12
93,945 69
95,00000
138,00000
100,00000
119,000 00
141,60500
Central Branch Union Pacific RR.
Co. Stock
85,870 00
100,00000
72,000 00
4,64000
Occidental & Oriental Steamship
Co Stock
Losses on Invest's, Premiums, etc
COMPANY'S SINKING FUND RE-
QUIREMENTS.
Union Pacific Omaha Bridae Mort.
" Sink'g Fund Mort.
Kansas Pacific Denver Ext. Mort.
Union Pacific Collateral Trust Six
Pacific Express Co. Stock
102.000 00
1£5,000 00
100,00000
117,000 00
137,965 00
St. Louis and Mississippi Valley
Transportation Co. Stock
4,640 00
69,250 00
Union Coal Co. Stock
Union Elevator Co., Omaha. St'k
Utah & Nevada Ry. Co. Stock.. .
Utah Central Ry Co Stock..
6,462 00
83,25000
6,408 00
18,869 00
115,958 25
27,48000
Earnings of Pullman Association
Cars
198,699 14
1,62000
a, loo oo
Interest on
Atchison, Colorado & Pacific
Bonds
Unioa'Pacific Collateral Trust Five
per cent. Indenture
Land Expenses, Union Division..
Land Taxes, Union Division
Loss in operating Leavenworth,
Topeka & Southwestern RR . . .
OTHER CHARGES AGAINST IN-
COME.
Colorado Central Interest
591,96500
56,773 07
5,867 24
11,721 76
5,48000
38,500 00
84167
133,68000
593.605 00
-'S.lSil 37
11,739 76
21,57802
5.48000
38,50000
Belleville Township Bonds
Cedar Precinct Bonds
42000
91000
110,700 00
2.400 00
1,050 00
35000
42000
40000
Freedom Township Bonds
66500
4,44000
Kansas Pacific Consolidated Mge.
Bonds
Lenora Township Bonds
Marysville Township Bonds
McPherson City Bonds
North Loup Precinct Bonds
Omaha Bridge Bonds
40000
3,05000
112,010 66
St. Joseph & Grand Island RR.
119,520 00
401,528 16
82,320 00
1,170 00
1,20000
1,40000
1,60000
Denver & Boulder Valley Interest
Denver, Marshall & Boulder Int. .
Denver, South Park & Pacific Int.
Golden, Boulder & Caribou Div'd.
" Int....
Junction City & Ft. Kearney Int.
St. Joseph & Western RR. Co.
133,680 00
15,00000
4,80000;
67,900 00'
11,160 OO1
27,90000;
140001
779.300 00
32,400 00*
" 34,500 00
40,25000
St. Joseph Bridge Building Co.
Bonds
4,80000
68,612 50
11,16000
27,90000
14000
889.755 00
32.40000
10,38000
34,500 00
40,25000
St.Loui?, Council Bluffs & Omaha
Bonds
1,75500
1,20000
Lawrence & Emporia Interest
Omaha & Rep. Valley Interest . . .
Oregon Short Line Interest
Schuyler Precinct Bonds
Solomon Township Bonds
Salina & Southwestern Interest..
Salina, Lincoln & West rn Int. ..
Starr Township Bonds
Union Pacific Sink'g Fund Bonds
Utah Southern Extension Bonds.
Wabash, St. Louis & Pacific Ry.
Co. Receivers' Certificates
Profits on Commercial Coal Sales
Total
35000
44,880 00
68,740 00
2.275 00
95,612 85
56,960 00
68,740 00
1,05000
91,292 71
Utah & Northern Interest
Total
1,298,399 17
1,191,01000
7,229,681 44
7,632,464 01
890,019 65
13,015 93
670,341 57
101,926 96
1,382,811 12
10,33590
.
3,440,801 38
808,03280
3,448,124 23
1,184,05305
Proceeds Miscel. Land Sales
Profits on Investments, Premi-
Less United States Requirements.
Balance
2,632,768 58
*1,113,60000
2,264,071 18
•r207,11000
Profit and Loss
A dd amount received from Trus-
tees Kansas Pacific Consolidated
Mortgage on Interest Account. .
Bal. applicable to Dividends
Total Income (carried for-
ward)
$10,670,482 82
$11,080,588 24
$3,746.368 58
$2,471.181 18
* Of this amount $1,041,300 were derived from land sales, and $72,300 from interest on bonds held in the trust,
terest on bonds held in the trust.
tin-
POOR'S MANUAL— UNION PACIFIC -BY. CO.
847
Income received from investment!? during the years 1886 and 1885:
Name of Securities.
1886
1885
Name of Securities.
1886
$
1885
MOOflO
1,60000
Bonds.
Atclmon, Col. & Pac. RR. Co.
Colorado Central RR. Co
June. C'y& Ft. Kearney Ry Co.
Kansas Pac. Cons. Mtga, B'ds
Omaha & Repub. Val. HR. Co.
Omaha Bridge
1,63000
868,10500
27,980 00
•1,440 00
73,08000
40000
8,00000
36,03000
Iff, 480 00
202.90600
Bond*.
Scotia Precinct (Nebraska)
Solonum Tn\\ M-lii|i i KiuiMU)..
Starr TOWIIK|II|I <K:in-.i*i
86000
110,700 00
75,460 (X)
40000
Total Income from Bond". . .
Stork*, etc.
( vnlnil Br.riiioii Pac. RRCo.
Montana Hv. Co
944,80560
86,870 (X)
1,807,42816
86,00000
8,84000
15»,00000
Omaha Bridge Renewal
Oregon Short Line Ry. Co
St. Joseph Bridge Building Co.
St. Jo. &, Grandlsland RR.Co.
St. Jo. and Western RR. Co..
172.740 00
82.3-JO 00
119,52000
40l,.v,N m
1,17000
39,900 00
847,70000
68,74000
112,010 60
I'Uh A- N.-vada Rv. fo
1 ':<li Central K\ . Co
83,25000
St. L., C. B. & Omaha RR.Co.
Salt Lake & Wet-tern Ry. Co. .
Union Pac. Sinking F'd 8 p. c.
Utah & Northern Ry. Co
1,75500
29,700 00
44,&W 00
168,21000
68,74000
2,10000
Ui >/.( mail ( 'mil ( 'o
n.-.-irli'iital A < niciitalS. 8. Co.
I'arilir K\pri-!— ( 'o
Profits on Colll'l C<ml Sai
Pulliniiii Asv>cialion Care
st. I,, .v Miss. Val.Trannp. Co.
I'nioii Coal Co
100.00000
72,10 MKI
95.612 85
196,6119 14
4,64000
91,29271
115,968 26
I.IUII'XJ
69,250 00
6,40800
1,05000
Utah Southern RR. Co. Exten.
Belleville Township (Kansas).
Cedar Precinct (Nebraska)
42000
91000
2,40000
1,05000
35000
42000
1,20000
Freedom Township (Kansas).
Lenora Township (Kansas).. . .
66500
Union Kl»- vator Co., Omaha...
W., St. L.&P.Ry.Co., Rec.Cer.
Total Inc. from Stocks, etc.
Total Income from Bonds,
Stocks, & Other In vest's..
6,462 00
BJ9760U
Marysville Township (Kansas)
McPherson Citv (Kansas)
648,80899
540,242 96
North Loup Precinct (Neb'ka)
Schuyler Precinct (Nebraska).
1,20000
*1, 593,674 65
*2,347,6C6 12
* This does not include income received from bonds and stocks held in the Kansas Pacific Consolidated Mort
gage Trust.
Land Department. — The sales from the Union Pacific RR. grant in 1886 amounted to
146,500.24 acres, for $179,103.33, or $1.22 per acre. Number of purchafiers, 26; average for
each, 5,634.62 acres. Contracts cancelled during the year, 311.02 acres, amounting to $777 ..">.
Net sales, 146,189.22 acres, and $178,325.78. Sales of town lots, $17,633.12 ; interest re-
ceived on laud and town-lot contracts, $671,827.35 ; payments forfeited on cancelled con-
tracts, $481.43; receipts from interest, etc., $128,146.28— total, $996,413.96. Payments: Dis
counts, commissions, etc., $11,335.55; premium, interest, etc., on 650 (654 in 1885) Union
Division land grant bonds redeemed, $53,786.68— total, $65,122.23. Net proceeds Union
Division land grant, $931,291.73.
Statement of the Kansas Pacific Land Grant for 1886.*
CONSOLIDATED MOBT'QE
DENVER EXT. MTOE.
DENVER PAC. MTGE.
TOTAL.
Acres.
Amount.
Acres.
Amount.
Acres.
Amount.
Acres.
Amount.
Gross Land Sales
147,656.65
$872,825 49
99,790 71
18,493.43
$69,884 89
6,891 22
64,23758
$259,79900
17,039 60
280,387.61
$1,202.50988
123.7'Jl 4.)
liess Discounts on Sales
liess Cancellations
Net Land Sales
Av.Pr.p.Acre(dis.ded'd)
147,656.65
3,474.12
$773,034 78
19,732 31
18,493.43
480.00
$62,99807
1,85600
6t.237.53
810.28
$242,75960
8,07749
280,38761
4,7iV4.40
$1,078,787 95
•-••.I.IJG.-, N)
144,182.53
$524
538
274.45
$753,302 47
18,018.48
$341
8«
513.71
$61,137 67
63,427.25
*3 7s
70
917.68
$234,68201
225,623.21
4».i*
644
857.74
$1,049,128 15
dumber of Purchasers.
Av. No. of Acres to each
Total Proceeds
Total Expenses
$1,019,109 84
71,483 58
$66.933 33
6,64190
$255,3(4 <r>
5,574 98
$i,34'l .348IH.)
83,699 76
Net Proceeds Kan. Pac.
Ry. Co. Land Grant..
$947,626 26
$60,89213
$249,72994
$1,257,64883
Cash Receipts from—
Cash Sal. & 1st pay., L'd
Cash Sal. &lftpay.,T.L.
$285,421 98
9,<W50
580,381 <>3
59166
249,920 70
6852
$23,58641
5500
6,84387
$42,85029
v.') n-.«; t;i
$351.26656
611
59166
272,817 43
6853
Contracts, Lands
Contracts, Town Lots
Int. on Contracts. Lands
Int.onCon'cts,T'n L'ts
Total Cash Receipts
5,11434
17,782,89
$1,125,481 94
$35,59862
$84,18885
$1,246,218 81
* Including the Denver Pacific land grant.
848
POOR'S' MANUAL — UNION PACIFIC BY. CO.
THE UNION PACIFIC RAILWAY. — Gross earnings, expenses and net earnings per mile
operated, and per revenue train mile, for the years 1880 to 1886 :
1886
1885
1884
1883
1882
1881
1880
Average Miles of Road operated
1,832.4
$9,717 38
5,612 00
4,105 38
7,158,363
$2 48ft
1 05ft
1,832.4
$9,525 77
4,939 07
4,586 70
6,861,635
IP MA
1 31ft
122ft
1.831.9
89,736 92
4,855 70
4,881 22
7,530,840
$2 36ft
1 18ft
118*
1,820.9
$11,486 42
5,798 59
5,687 83
7,473,382
$2 79ft
141ft
1 38ft
1,820.9
$12,472 03
5,891 07
fi,580 96
7.574,086
$2 99ft
1 41ft
1 58ft
1,820.9
$13,238 17
6,853 94
6,384 23
7,603,496
$3 17
1 64ft
1 52ft
1,820.9
$12,233 32
5,791 16
6,442 16
s.r.r,:,.4s3
$2 60ft
1 23ft
1 37
Gross Earnings per Mile of Road
Operating Expenses (including Taxes)
per mile of Road
Net Earnings per Mile of Road
Total Revenue Train Miles
Gross Earnings per Revenue Train Mile
Operating Expenses (including Taxes)
per Revenue Train Mile
Nut Earnings per Revenue Train Mile ..
THE UNION PACIFIC SYSTEM. — Gross earnings, expenses and net earnings per mile oper-
ated, and per revenue train mile, for the years 1880 to 1886.
1886
1885*
1884
1883
1882
1881
1880
Average Miles of Road operated
4,548.13
4,473.95
4,420.30
4,120.65
3,632.69
3,125.45
2,766 30
Gross Earnings per Mile of Road
$6,849 39
$5,738 70
$5,804 42
$6,947 74
$8,101 52
$9,269 47
$9,061 52
Operating Expenses (including Taxes)
per Mile of Road
3,871 62
3,573 40
3,363 60
3,917 91
4,195 78
5,068 10
4,382 (10
Net Earnings per Mile of Road
1,977 77
2,165 30
2,440 82
3,029 83
3,905 74
4.201 37
4,679 52
Total Revenue Train Miles
Gross Earnings per Revenue Train Mile
Operating Expenses (including Taxes)
per Revenue Train Mile
12,198,753
$2 18ft
1 44ft
11,518,442
$2 22ft
11,653,846
$2 20ft
1 27ft
11,643,740
$2 45ft
1 38ft
10,577,236
$2 78ft
1 44ft
9.643,763
$3 00ft
1 64ft
io.ioo,a>6
$2 48ft
1 20ft
Net Earnings per Revenue Train Mile. .
073ft
084ft
092ft
107ft
134ft
1 36ft
1 28ft
* For purposes of comparison, the figures for 1885 have been revised by deducting the average miles of road
operated, earnings and expenses per mile of road, revenue train miles, and earnings and expenses per revenue train
mile of that portion of the railroad of the Utah and Northern Railway Co. north of Silver Bow, and of the railroad
of the Montana Railway Co., for the months of August to December, inclusive, this portion of the Union Pacific
system having been operated by the Montana Union Railway Co. since August 1, 1886 ; the earnings of the Mon-
tana Union Railway Co. are not included in those of the system.
EARNINGS AND EXPENSES.
Union Pacific Railway Co.
Auxiliary Lines.
Union Pacific System.
1886.
1885.
1886.
1885.
1886.
1885.
Gross Earnings
$17,806,132 59
9,685.771 12
8,120,361 47
597,654 45
7,522,707 02
54.40
57.75
1,832.45
$9,717 12
5.285 70
4,431 42
32615
4,10527
$17,455,031 51
8.560,621 24
8,894,410 27
489,733 96
8,404,676 31
49.04
51.85
1,832.45
$9,525 52
4,671 68
4,85384
26726
4,586 58
$8,797,664 89
6,867.337 91
1,930,326 98
457,855 29
1,472,471 69
78.06
83.26
2,715.68
$3,239 58
2,528 77
71081
16860
54221
$8,219,643 24 !
6,522,554 01
1,697,089 23
414,324 32
1,282,764 91
79.35
84.39
2,641.50
$3,111 73
2,469 26
64247
15685
48562
$26,603,797 48
16,553,10903
10,050,688 45
1,055,509 74
8.995,178 71
62.22
66.19
4,548.13
$5,849 39
3,639 54
2,80985
23208
1,97777
$25,674,674 75
15,083,175 25
10,591,499 50
904,058 28
9,687,441 21
58.75
62.27
4.473.95
$5,738 70
3,371 33
2,367 3',
202 07
2,165 30
Operating Expenses
Taxes
Net Earnings
Expense Ratio (exclud-
ing Taxes)
Expense Ratio (includ-
ing Taxes)
Average Miles of Road
under Operation
Gross Earnings per Mile
of Road
Operating Expenses per
Mile of Road
Taxes per Mile of Road
Net Earnings per
Mile of Road....
Land and Trust Income, 1886.— Net proceeds Union Pacific land grant, $931,291.73 ;
net proceeds Kansas Pacific land grant, $1,257,648.33 ; income from miscellaneous sources,
$865.06; from trust investments, $111,180— total, $2,300,985.12. Less paid by trustees ac-
count interest on consolidated bonds, $1,113,000. Net surplus, 1886, $1,187,385.12. Balance
credit, December 81, 18S5, $18,641,133.70— total, surplus, December 31, 1886, $19,828,518.82.
GOVERNMENT SINKING FUND.— Under the act incorporating the company, it was re-
quired to pay over to the government 5 per cent, of its net earnings; and also one-half of the
POOR'S MANUAL OF RAILROADS.
849
charges on account of the government transportation. By an act of Congress, known as the
Thurman Bill, passed May 7, 1878, it was provided that
' There shall be carried to the credit of the wild sinking fund, on the first day of February In each year, the
one-half of the compensation for services hereinbefore named, n-ndi-red for the government by the said Union
Pacific RR. Co., not applied in liquidation of interest ; and in addition thereto, the said company shall, on said
day in each year, pay into the treasury, to the credit of said sinking fund, the cum of $850,000, or an much thereof
as shall be necessary to moke the 6 per centum of the net earning* of Its said road payable to the United States
under said act of 1862, and the whole sum earned by it, as compensation for services rendered for the United
States, together with the sum by this section required to be paid, amount in the aggregate to 25 per centum of the
whole net earning* of Railroud Company, ascertained and defined aa hereinbefore provided, for the year ending
on the 81st day of December next preceding."
Under the requirements of this act, the amount credited to the government for 1880 in
the report of the company, was $808,032.80.
SINKING FUND OF THE UNION PACIFIC RAILKOAD COMPANY, ESTABLISHED IN THE TREAS-
URY OF THE UNITED STATES UNDER TOE ACT OF MAY 7, 1878.
Dec. 31, 1885.
Dec. 31, 1886.
Increase or
Decrease.
Amount withheld for Transportation Services, and carried to
the Credit of the Sinking Fund
$
4,267,364 33
$
4,927,202 65
I. 659,838 32
Cash paid by the Company
1 421,714 46
1 421,714 46
Interest collected on Bonds held in the Sinking Fund
316,954 94
572,891 61
I. 255,936 67
Total
6,006,033 73
6,921,808 72
I. 915,774 99
United States three per cent. Bonds
986,450 00
25645000
D 710 000 00
United States four per cent. Bonds
8,547,650 00
4,478 650 00
I 931 000 00
United States six per cent. Bonds
. 361,00000
791 00000
I 430 000 00
Total ,
4 875 100 00
5 526 10000
I 651 00000
Premiums paid on bonds bought for the Sinking Fund
948,439 44
1,322,053 82
I. 373,614 38
Balance in the Sinking Fund, uninvested
182,494 29
73,65490
D. 108,839 39
Total
6,006,033 73
6,921 808 72
I. 915,774 99
LINES OPERATED BY THE UNION PACIFIC RY. Co. AS PART OF THE SYSTEM.
CHEYENNE AND NORTHERN RAILWAY.-Cheyenne, Wyoming Territory, to Horse Creek,
33.10 miles. Organized in March, 1886, to build a railroad from Cheyenne, via Fort Laramie to the Montana
Line, and thence northward to a connection with the Northern Pacific Ry. The road was completed to Horse
Creek in December, 1886. It is owned by the Union Pacific Ry. Co. The county of Laiamie, Wyoming Terri-
tory, voted in aid of construction $400,000 6 per cent. 15-30-year bonds, of which $100,000 have been issued
dated December 30, 1886. Interest payable December 30th of each year at the Union Trust Co., New York. Cap-
ital stock ($100 shares), $3,000,000. CHARLES F. ADAMS, Jr., President ; Henry McFarlaud, Treasurer, Boston,
Mass.
COLORADO CENTRAL RAILROAD.— Denver, Col., to Golden, Col. (3 rails), 15.57 miles ; Golden
to Wyoming line, 106.37 ; Denver Junction to LH Sal'.e, 151.16 ; Golden to Georgetown (narrow gauge), 34.23 ;
Forks of Creek to Central City. 11.12— total, 318.45 miles. Gauge, 4 ft. 8{ in. and 3 ft. The Colorado Central of
Wyoming is operated under lease by thi? company. Chartered under the territorial laws of Colorado February 9,
1865. First Division, 3 I'eet gauge, opened in 187». The company is controlled by the Union Pacific through the
ownership of $6,229,000 stock out of a total of $6,230,300, and $4,697,000 first mortgage bonds out of a totalissue
of $4,701,000. A portion of this road was built during the complications which preceded the Union Pacific con-
solidation of 18SO, as an independent connecting-road between Denver and Cheyenne, in competition with the then
Denver Pacific. When the latter became a part of the Union Pacific system this line ceased to be of any consider-
able value. For some years past it lias been operated only as a local road from Denver to Fort Collins, 88.17."
miles, while the remainder of the line from Cheyenne, 48.8 miles (including the Colorado Central of Wyoming)
has no commercial viilue. The "Julesbiirg Cut-off," Di-nver Junction to LaSalle, was built in 1882, in conse--
quence of the extension of the Burlington and Missouri in Nebraska to Denver. It forms, in connection with the
main line of the Union Pacific proper from Denver Junction to Omaha 370.73 miles), the direct Colorado route of
the Union Pacific. It is almost a complete water line, following the course of the Platte River for 538 miles, with
no grade between Denver Junction and La Salle exceeding 16 feet per mile.
KollinQ Stock.— Standard gauge : Locomotive engines, 8. Cars— j
freight
miles. Total engine service, 981,251 miles. Passenger and freigtit movement not reported.
KxpensCN.— Tr;msportation $222,514 32
Motive Power 275,095 67
Maintenance of Cars 60,783 87
Maintenance of Way 835,28578
General Expenses 9,601 63
Earnings.— Passenger $377,55S 90
Freight! 947,12928
Mail 29,183 23
Express 25,«86 76
Miscellaneous 11,668 88
Total ($4,252.27 per mile) $1,391,215 05 Total ($2,760.89 per mile) $903,281 27
Net earnings (35.07 per cent.), $487,933.78 ; ndd other receipts, $8,258.02 -total available income, $49li,191.80.
Payments : Interest on bonds, $336,030.00 ; taxes, $73,820.98 ; other payments, $7,999.00— total, $417,849.98. Bal-
ance, surplus, $78,341.82.
54
850
POOR S MANUAL OF RAILROADS.
Financial Statement, December 81, 1886.— Capital stock, $6,230,300 : funded debt (first mortgage 8 per cent.
20 year bonds, due June 1, 1892, interest June and December, $87,000 ; first mortgage 7 per cent. 30-year bonds,
due July 1, 1909, interest January and July, $4,701,000), $4,788.000; accounts payable, $276 : income account.
$344,805.19— total, $11,363,381.19. Contra: Cost of ro:id and fixtures, $11,263,952.14; accounts receivable, etc.,
$99,429.05. The 7 per cent, bonds were issued for the purpose of retiring the 8 per cents. CHAELES FRANCIS
ADAMS, JR., President; Henry McFarland, Secretary and Treasurer, Boston, Mass.
COLORADO CENTRAL OF WYOMING-.— Colorado Junction, Wy., to Wyoming line, 8.62 miles.
Gauge, 4 ft. 8£ in. Incorporated August 1, 1877 ; road opened November 1, 1877. Leased to Color.-ido Central
RR. Co. Capital stock all owned by Union Pacific Ry. Co., and representing cost of road, $130,000. SIDNEY
DILLON, President, New York, N. Y.; Henry McFarland, Secretary and Treasurer, Boston, Mass.
DENVER AND BOULDER VALLEY RAILROAD.— Brighton, Col., to Boulder City, Col., 27
miles. Gauge, 4 ft. 8i in. Chartered October 1, 1870 ; road opened January 1, 1871. Leased for 99 years from
October 19, 1870, to the Denver Pacific Railroad imd Telegraph Company. Default made and the road turned
over in September, 1879, to the trustees under the mortgage, who authorized the Union Pacific to operate the line
for their account. Earnings, year ending December 31, 1886.— Passenger, $17,617.09; freight, $79,762.03; mail,
etc., $1,730.37— total, $91,294.47; expenses and taxes, $'5,655.02 ; net earnings, $15,639.75. Interest on bonds,
$38.500. Deficit of income, $22.360.25. Capital stock. $100.000 ; funded debt, first mortgage 7 percent. 30-year
gold bonds, dated October 1, 1870, due November 1, 1900, interest May and November, $550,000. The trustees of
the Kansiis Pacific consolidated mortgage own $550,000 bonds and $17,000 of the stock.
DENVER AND MIDDLE PARE RAILROAD.— Ralston Siding (Col. Central) to stone quarries
and coal mines, 3.92 miles. Gauge, 3 ft. Completed and opened December 6, 1881. Purchased by the Union
Pacific Ry. Co. in January, 1884. Gross earnings in 1886, $3,103.27 ; operating expenses, $5,436.69 ; deficit, $2,333.42.
DENVER, MARSHALL AND BOULDER RAILWAY.-Argo Junction to Boulder, Col.,
26.70 miles. Gauge, 4 ft. 8£ in. Road opened August 19, 1886. Entire capital stock owned by the Union Pacific
Ry. Co. Operations from August 19 to December 31, 1886 : Earnings— passenger, £3,704.19 : freight, «.29.2?3.65 ;
other, $76.97— total, $33,054.81. Expenses and taxes, $21,049.65. Net earnings, $12,005.16. Paid 6 months*
interest on bonds, $5,400. Balance, surplus, $6,605.16. Financial Statement, December 31, 1886.— Capital stock.
$1,000,000 ; funded debt, first mortgage 5 per cent. 30 year bonds due June 1, 1916, interest payable June and
December ($15,000 per mile authorized), $216,000 ; accounts payable, $5,400 ; income account, $6,605.16— total,
$1,228,005.16. Contra: Cost of road and fixtures, $1,216,471.48 ; accounts receivable, $11,533.68. Since the close
of the fiscal year $202,000 bonds have been deposited in trust as security for the Kansas Pacific consolidated
mortgage bonds. CHARLES F. ADAMS, Jr., President; Henry McFarland, Secretary and Treasurer, Boston, Mass
DENVER, SOUTH PARK AND PACIFIC RAILROAD. -Denver, Col., to Nathrop, Col., 137
miles : Cfunnixon Extension, Nathrop, Col., to Gunnison, Col., 65.50 miles. Branches — Ml. Carbon Mines, Gun-
nison to Mt. Carbon Mines, Col., 17.25 ; Keystone. Como to Keystone, Col. ,35.10; Leadville, Dickey to Leadville,
Col., 34.40 ; Fairnlay, Garos to London Junction, Col., 15.40 ; Morrison, Bear Creek Junction to Morrison, Col.,
9.70 ; Como to Mines, 4.10 ; Schwanders to Buena Vista, 3.80 miles. Total length of road, 322.25 miles. Gauge,
3 ft. Chartered June 14, 1873. First section opened July 1, 1874 ; to Webster January 1, 1879. In January, 1881,
the Union Pacific came into control by purchase of stock, and completed the line.
tioldng Stock.— Locomotive engines, 74. Cars— passenger, 28 ; sleeping, 5 ; baggage, mail and express, 6 ;
freight (box, 550 ; stock, 9 ; refrigerator, 27 ; platform, 322 ; coal, 329), 1,237— total, 1,276. Also 1 officers', 1 pay,
21 caboose and 3 service cars.
Opera/ions for year ending December 31, 1886.— Trains run (passenger, 281,821 ; freight, 387,866), 669,687
miles. Total engine service, 1,279,330 miles.
Earnings.— Passenger $245,515 00
Freight 903,158 65
Mail 22,058 54
Express 39,334 87
Miscellaneous 36,472 71
Total ($3,868.24 per mile) $1.246,539 77
Expenses.— Transportation $276,020 98
Motive Power 507,388 57
Maintenance of Cars 100,231 69
Maintenance of Way 315,69045
General Expenses 10,364 64
Total ($3,753.92 per mile) $1,209,702 33
Net earnings (29.55), $36,837.44 ; add other receipts, $8,258.02— total income, $45.095.46. Payments: Inter-
est on bonds, $301,500 ; profit and loss, $3,600.10 ; accounts written off, $24,936.16; taxes, $83,140.76— total, $413,-
177.02. Balance, deficit, $368,081.16.
Financial Statement, December 31, 1886. -Capital stock, $6,235,400; funded debt (1st mortgage 7 per cent,
sinking fund bonds, dated August 1, 1876, due May 1, 1905, interest May and November), $1,800,000 ; consolidated
first mortgage 6 per cent, bonds dated October 15, 1880, due January 1, 1921 (interest January and July. $2,925,-
000), $4.725,000; accounts payable, $2,380,458.32— total, $13,340,*58.32. Contra: Cost of roid and fixtures. $13,-
038, 331; investments, stocks of other companies, $55,500; accounts receivable, $160,279.68 ; income account,
$86,744.64. The sinking fund bonds were issued at the rate of $12,000 per mile on 150 miles of completed road.
They are $1,000 coupon bonds, interest payable at New York, London or Frankfort-on-Maine. The consols were
issued at the rate of $17,000 per mile on the whole road, old and new, less the amount of first mortgage on the
old. They are $1,000 gold coupon bonds, interest payable at the company's agency in New York. The Union
Pacific owns $2,797.0(10 of the consols, of which amountit has pledged $1,799,000 in the 5 per cent, collateral trust.
It also owns $6,135,100 of the capital stock.
CHARLES FRANCIS ADAMS. JR., President, Boston, Mass.; Elisha Atkins, Vice- President, Boston, Mass.;
Henry McFarland, Secretary and treasurer, Boston, Mass ; 8. R. Callaway, General Manager, Omaha, Neb.
PRINCIPAL OFFICE AND ADDRESS, Boston, Mass. Transfer Agency, Winslow, Lanier & Co., New York, N. Y.
ECHO AND PARK CITY RAILWAY.— Echo, Utah, to Park City, Utah, with extension, 27.84
miles ; branch Coalville to Grass Creek, Utah, 3.94 miles— total, 31.78 miles. Gauge, 4 ft. 8$ in. Chartered as
Summit County Railroad Company November 23, 1871 ; road opened to Wasatch July 1, 1873. Purchased by the
Union Pacific Railroad Company in March, 1877. Extended to Park City and to Grass Valley in 1880. Company
reorganized under present name January 17, 1881. The Union Pacific owns the entire issues of stock and bonds.
Earnings, year ending December 31, 18*6.— Passenger, $12,755.60; freight, $63,348.36: mail and express, $2.906.69;
miscellaneous, $1.345.85 — total, $77,664.80. Expenses and taxes, $72,004.63; net earnings, $5,660.17. Interest on
bonds, $28,800; other payments, $12,000. Deficit, $35,139.83. Capital stock, $480,000: funded debt, 1st mtire. 6 per
cent, bonds, due July 1, 1911, interest January and July, $480,000 ; bills and accounts payable, $257,600— total,
$1,217,600. Contra: Construction, $970,687. 07; stocks and bonds of other companies, $205,000 ; accounts re-
ceivable, $1,966.02 ; income account, $39,946.91.
GEORGETOWN, BRECKENBRIDGE AND LEADVILLE RAILWAY.-Georgetown,
Col., to Graymont, Col., 8.47 miles, (range, 3 ft. Chartered February 23, 18S1 ; road opened to Graymoont in
June, 18S4. Operated since April, 1884, by the Union Pacific Ry. Co., in whose interest it was built, and by whom
all the stock and bonds issued on the road are owned. Earnings, year ending December 31, 1886.— Passenger,
$5,840.93; freight, $4,478.34; mail, etc., $1,010.76— total, $11,330.03. Expenses and taxes, $15,447.75: deficit,
$4,117.72. Jiit-rest on bonds. «t«,H90. Total deficit, $13,007.72. Capital stock, $127,700 ; funded d«bt, l.-t mort-
POOR'S MANTJAL OF RAILROAD0. 85.1
gage 7 per cent. $1,000 coupon bonds, $127,000 ; account* payable, $38,775.75— total, $293,475.75. Contra: Coat
of road and fixtures, $256,709.59 ; income account, $80,706.10.
GOLDEN, BOULDER AND CARIBOU RAILROAD.— Boulder, Col., to Marshall Coal Hank,
Col., 5.09 miles. Gauge, 4 ft. 8i in. Chartered Oetolxsr 86. 187V, and road built in the name year. Stock and bon
ceivable, $28,071.15. T. G. LYSTER, 1'rwident.
O-REELEY, SALT LAKE AND PACIFIC RAILWAY.-Greeley, Col., to Stoat., Col., 30.46
miles; branch, Boulder, Col., to Pennsylvania Gulch, Col., 14.43 miles— total, 53.89 miles. Gauges, main line,
4 ft. 8$ in. : brined, 3 ft. Chartered for 50 years January 17, 1881 ; road opened in July. 1SS2. Built in the Inter-
est of the Union Pacific Ry. Co., which owns all of its securities. Rolling stock (applied by Colorado Central
RR. Co Earnings for year ending December 31. 188ti— Passengers, $10,079.23 ; freight, $51,047.42; mail, etc.,
$3,530.40— total, $70,657.05. Expenses and taxes, $92,336.53; deficit, §21.679.48. Interest on bonds. §56,5(JO. To-
tal deficit for year, $78,889.48. Capital stock, $808,500 ; funded debt, 1st mortgage 7 per cent. 30-year bo-ids, due
June 1, 1913, interest June and December, $808-000 ; accounts payable. $168,784.67— total, $1,903,234.57. Contra:
Cost of r.iad and fixtures, $1,618,543.17 ; accounts receivable, $9,671.89 ; income account, $275,019.54. CHARLES
FRANCIS ADAMS, JB., President, Boston, Mass.; 8. W. Gannett, Secretary and Treasurer, Omaha, Neb.
JUNCTION CITY AND FORT KEARNEY RAILWAY.-Junction City, Kan., to Concor-
dia. Kan., 70.48 miles ; branch, Lawrenceburg to Belleville, Kan., 17.12 miles— total, 87.00 miles. Gauge, 4 ft. 8^
in. Chartered July 10, 1871 ; road opened to Clay Centre February 13, 1873: to Clifton, February 1, 1878: to
Clyde; August 1, 1878, and to Concordia in 1879. The Belleville branch was completed November 9, 1884. All of
the bonds and $720,000 of the stock are held in the Kansas Pacific consolidated mortgage trust. Earnin»s for
year ending December 31, 1886.— Passengers, $69,026.97 ; freight, $135,588.31 ; mail and express, $9,922.32 : mis-
cellaneous, §1,686.41— total, $216,224.01. Expenses and taxes, $168,447.23 ; net earnings, $49,776.78. Interest on
bonds, $85,000. Deficit, $35,223.22. Capital stock, $1,056,100 ; funded debt, 1st mortgage 7 percent. 30-year gold
bonds, dated April 1, 1873, interest April 1 and November 1, $970,000 ; first mortgage branch 5 per ceni. bonds,
due 1902, $171,000 ; accounts payable, $483,580— total, $2,080,630. Contra : Cost of road and fixtures, $2,19!),K>s. -..'?;
accounts receivable, $109,780.70 ; income account, $371,011.03. Annual meeting, first Tuesday in May. CHARLES
FRANCIS ADAMS, JR., President ,• Henry McFarland, Secretary and Treasurer, Boston, Mass.
KANSAS CENTRAL RAILROAD.- Leavenworth, Kan., to Mlltonvale, Kan., 167.33 miles. This
includes 1.19 miles, from Leavenworth to C., R. I. & P. Junction, used by this company under trackage contract.
Gauge, 3 ft. Chartered as Kansas Central Railway Company May 31, 1871 ; road opened December 14, 1S77. Sold
under foreclosure April 14, 1879, for $252,000 ; and reorganized under the present title April 15, 1879. Gauge, 3
ft, Rail, 35 and 40 Ibs. The Union Pacific Ry. Co. owns $1,3 13,400 stock and $1,16-2,000 bonds of this company.
Locomotive engines, 13. Cars— passenger, 7 ; baggage, mail and express, 3 ; freight (box, 205 ; stock, 30 : plat-
form, 22 ; coal, 47), 304 ; caboose, 3— total. 317. Also, 1 pile-driver car. Earnings, year ending December 31,
1886.— Passenger, $36,012.14 ; freight, $161.271.31 ; mail, $9,993.68 ; express, $8,477.38 ; miscellaneous, $1,918.13—
total, $217.6i"2.64. Expenses and taxes, $293,719.30 ; deficit, $76,04(5.66. Interest on bonds, $80,880. Total deficit
for year, profit and loss, $2,476.96, $159,403.62. Capital stock, $1,348,000 ; funded debt, 1st mortgage 6 per cent.
30-year bonds, dated April 22, 1881, interest April and October, $1,348,000; accounts payable, $768,199.44— total,
$3,464,199.44. Contra: Cost of road and fixtures, $2,597,02(5.22 ; income account, $867,173.22. CHARLES FRANCIS
ADAMS, President ; Henry McFarland, Secretary and Treasurer, Boston, Mass.
452.96. Contra: Cost of road and fixtures, $64,400 ; income account, $2,052.96. The stock is all owned by the
Union Pacific Ry. Co. THOMAS L. KIMBALL, President; J. W. Gannett, Secretary and Treasurer, Omaha, Neb.
LAWRENCE AND EMPORIA RAILWAY.— Lawrence, Kan., to Carbon Hill. Kan., 31 miles.
Gauge, 4 ft. 8.V in. This road, opened in November, 1879, was formerly a portion of the line of the St. Louis,
Lawrence and Western Railroad Company, and was bought on sale of that company's property by the Union Pa-
cific Ry. Co. It was operated by the Union Pacific, first under the name of Lawrence mid Southwestern RR.,
B465 000 • funded debt, first mortgage 6 per cent, bonds, due January 1, 1912, interest March and September,
$4(55.000 ; accounts payable, $236,642.76-total, $1,16*5,642.76. Contra; Cost of road and fixtures, $984.<;63.33 ; in-
come account, $181,979.43. CHARLES FRANCIS ADAMS, President; Henry McFarland, Secretary and Treasurer,
Boston, Mass.
MONTANA UNION RAILWAY COMPANY.— Leased : rtah and Koi-ttiern Ry. Co., Silver
Bow to Garrison (3 rails. Silver Bow to Stuart), 44.64 miles; Silver Bow to end of track north f ButteCity(3
rails) 13.09 miles. Leased: Montana Ry, Co., Stuart to Anaconda (3 rails). 9 miles. Total length of line leased
and operated, 66.73 miles. Gauge, 4 ft. 8i in. This company was organized June 14, 1886, with a capital stock of
8200 000 one-half of which, when issued, will be owned by the Union Pacific, and the balance by the Northern
Pacific Railroad Company. That portion of the Utah and Northern Railway Co. lying north of Silver Bow Junc-
tion in Montana, «nd the entire railroad of the Montana Railway Co. has been leased to the Montana Union Ry.
Co at an annual rental of 6 per cent, per annum upon the value of the demised property. Gross earnings for 5
months ending December 31, 1886, $153.196.23 ; surplus earnings, $13,749.88.
Co at a cost of $44,341.08. This company, together with the Omaha, Niobrara and Black Hills Hit. Co. and the
Marysville and Blue Valley Railroad Company, has been consolidated since the close of 1886 into the Omaha and
ned by th
Treasurer, Boston, Mass.
852
POOR 8 MANUAL OF RAILROADS.
MARYSVILLE AND BLUE VALLEY RAILROAD.-Marysville, Kan., to the Nebraska line,
12.86 miles. Gauge, 4 ft. 84 in. Chartered July 2, 1879 ; road opened January 8, 1880. Leased January 1. 1H84, to
the Omaha ar.d Republican Valley RR. Co. at an annual rental of £8,960. Since the close of the year this com-
pany, with others, has been consolidated into the Omaha and Republican Valley Ry. Co. Locomotive engine, 1 ;
box Ireight cars, 5. The Union Pacific owns $49,000. nnd Marysville Township, Kan., the balance, or $15.000 of
the capital stock of this company. The bonds wHl all be owned by the Union Piiciflc when they are issued. Capital
stock. $64.000 ; funded debt, 1st mortgage 7 per cent, bonds, $128,000 ; accounts payable, $1,015.74 ; income ac-
count, $1,704.14— total, $194,719.88. Contra: Cost of road and fixtures, $194,719.88.
MONTANA RAILWAY.— Stuart, Montana Ter., to Anaconda and Anaconda Smelter (3 rails), 9 mile?.
Sidings, 0.5 mile. Gauge, 3 ft. Rail, 50 Ibs. Incorporated December 17, 1881, in the interest of the Union Pacific
Rjr. Co., which will own all iis securiiies when they are issued. It was designed to connect the mines at Butte
City with the smelting works. Road opened in August, 1884, and since operated as a branch of the Utah and
Northern, which supplies equipment. The railroad belonging' to this company has been leased since August 1
to the Montana Union Ry. Co. Earnings for year ending December 31, 1^86.— Passenger, $8,983.16; freight,
$64,565.63 ; mail, etc., $5,216.13— total, $78,764.92 ; operating expenses and taxes, $60,415.62 ; net earnings. £18,-
349.40. Payments : profit and loss, $45. Balance, surplus, $18,304.40. Capital stock (70 per cent, of £6(10.000),
$420,000 ; accounts payable, $153.337.64 ; income account, $24,229.61— total, $597,557.25. Contra : Cost of road
and fixtures, $597,557.25. Principal Office (U. P. Ry. Co.), Boston, Mass.
OMAHA AND REPUBLICAN VALLEY RAILROAD.-Valley Station, Neb., to Kansas
State line, 121.12 miles ; Blue Springs Junction, Neb., to Blue Springs, Neb., 0.71 mile ; Valparaiso, Neb., to
Stromsburg, Neb., 53.17 miles ; Grand Island, Neb., to Ord, Neb., 60.52 miles ; Scotia Junction, Neb., to Scotia,
Neb., 1.38 ; St. Paul, Neb., to Ldup City, Neb., 39.10 miles— total, 276 miles. Leased : Marysville and Blue Val-
ley HR., 12.86 miles. Total operated, 288.86 miles. Gauge, 4 ft. 8£ in. Chartered August 17, 1876 ; road opened
January 1, 1877. The Lincoln extension, begun in June. 1883, was completed and opened January 29, 1884. The
Loup City Branch was begun in July. 1885, and opened for traffic from Lonp City to Howard, May 30, lf-86. The
extension from North Loup northward to Ord, 11.4 miles, wns opened for traffic August 30, 1886. This company,
together with the Omaha, Niobrara and Black Hills RR. Co., ti:e Marysville and Bine Valley RR. Co. and the
Manhattan and Blue Valley RR. Co. has been consolidated since the close of the year into the Omaha and Repub-
lican Valley Railway Co. Rolling Stock. — Locomotive engines, 6. Cars — passenger, 3 ; baggage, etc., 2 : freight
(box, 40; caboose, 1; stock, 10 ; coal, 8), 59— total, 64. Earnings, year ending December 31, 1886. Passenger,
$169,240.55 ; freight, $607,503.20 ; mail and express, $18,976.27 ; miscellaneous, $6,469.56— total, $802,189.58. Ex-
penses and taxes, $788,350.15. Net earnings, $13,839.43. Payments : Rental Marysville and Blue Valley RR.,
$8,960 ; expenses and taxes, $435.68 ; interest on bonds, $157,990— total, $167,385.68. Deficit, $153,546.25. Cap-
ital stock, $1,076,500 ; funded debt, 1st mortgage 7 per cent. 30-year bonds, dated July 1, 1879, interest January
and July, $2,257,000 ; accounts pajable, $661,098.33— total, $3,994,598.33. Contra: Cost of road and fixtures, $3,-
510,975 72 ; accounts receivable, $1,449.04 ; income account, $482,176.54. The Union Pacific owns the entire cap-
ital stock and $2,2:j5,000 first mortgage bonds, of which latter, $1,037,000 are pledged in the six per cent, collateral
trust, and $684,000 in the five per cent, trust.
OMAHA AND REPUBLICAN VALLEY RAILWAY COMPANY.-This company is
composed of the consolidation of the Omaha and Republican Valley RR. (276 miles), the Omaha, Niobrara
and Black Hills RR. (114.97 miles), the Marysville and Blue Valley (12.86 miles), and the Manhattan and Blue Val-
ley RR. (54.95 miles— total mileage, 458.78 miles. The directors and stockholders of the consolidated company
have authorized an issue of 5 per cent, consolidated first mortgage bonds, limited lo $10,000 per mile of completed
railroad, due March 1, 1927, into which the bonds of the constituent companies are convertible. Of these consoli-
dated bonds, $2,lf.9,000 will be pledged in the Uriion Pacific Railway Co. 5 per cent, collateral trust, in place of
Denver, South Park and Pacific RR. Co. bonds to be released. The fixed changes of the consolidated company
will be $566.67 per mile, per annum, sinking fund included.
OMAHA, NIOBRARA AND BLACK HILLS RAILROAD.-Columbns, Neb., to Norfolk,
Neb., 50.12 miles. Lost Creek to Albion, 34.-40 miles ; Genoa to Cedar Rapids. 30.45 miles— total, 114.97 miles.
Gauge, 4_ft. £1 in. Chartered April 24, 1879 ; road opened December 1, 1879. The branch to Cedar Rapids was
opened in December. 1884. Locomotive engines, 2. Freight cars (box, 12 ; flat, 5), 17. Earnings year ending
December 31, 1886.— Passenger, $52,302.60 ; freight, $122,118.05 ; mail and express, $10,029.11 ; mi.-cellaneous,
$2,024.06— total. $186,473.82. Operating expenses and taxes, $147,300.17 ; net earnings, $39,173.65. Interest on
bonds, $68,390; taxes, etc., $166.57. Deficit, $29,382.92. Capital st«.ck, $977,OCO; funded debt, first mongage 7
per cent. 10-year bonds, dated January 1, 1881, interest January and July, $997,000 ; accounts payable, $217,496.68
—total, $2,171,496.68. Contra: Cost of road and fixtures, $1,962,947.27 : accounts receivable. $53,956.45 ; income
account, $154,592.9ti. Entire stock and bond issues owned by the Union Pacific Ry. Co.
OREGON SHORT LINE RAILWAY.— Granger, Wy. Ter., to Hnntington, Oregon, 540.76 ; Wood
River branch, Shoshone, Id. Ter., to Ketchum, Id. Ter., 69.68— total, 610.62 miles. Gauge, 4 ft. 8^ in. Rail, 58
Ibs. Chartered April 11, 1881 : first, section of 200 miles from Granger northwest, opened .January 9, 1882 : com-
pleted to a connection with the lines of the Oregon Ry. and Navigation lines. It branches oft' from the Union
Pacific at Granger, 155.6 miles east of Ogden, and runs in a northwesterly direction, following for the greater part
of its length the valley of the Snake River.
Boiling Stock.— Locomotive engines, 35. Cars— passenger, 8 ; baggage, mail and express, 8 ; freight (box,
272 ; way, i2 ; flat, 254 ; coal. 250), 788 : service, 16— total, 820.
Operation* for year ending December 31, 1886.— Train mileage (passenger, 398,117 ; freight, 736,136), 1,134,253
miles. Total engine service, 1,607.741 miles.
Earnings.— Passenger $431,370 33
Freight 1,388,876 35
Mail 74,215 78
Express 40,19212
Miscellineous 7,452 73
Total ($3,180.55 per mile) $1,942,107 31
Expenses.— Transportation $409,835 20
Motive Power 442,649 28
Maintenance of Cars 117,793 52
Maintenance of Way 3(54.867 59
General Expenses 12,276 08
Total ($2,206.65 per mile) $1,547,421 67
Net earnings (30.62 per cent.), $594.685.64; add other receipts, $250.92— total, $594,<)30.50. Payments: Interest
on bonds, $895,860 ; taxes, $87,309 54 ; profit and loss, $6,870.73— total, $990,040.27. Balance, $806,108.71.
Financial Statement, December 31, 1886.— Capital stock, $14,073,600 : funded debt, first mortgage 6 per cent.
$1,003 gold coupon bonds, dated November 1, 1881, due February 1, 1922, interest (guaranteed by U. P.), February
and August, $14,931,000 ; accounts payable, $946,726.51— total, $29,951,326.51. Contra : Cost of road and fixtures,
$29,2:iO,l-'2.64 ; income account. 1781 ,408.87.
The Union Pacific Railway Company owns $8,015,600 stock. The bonds are authorized at the rate of $25,000
per mile, interest payable at 40 Wall Street, New York City. Stockholders in the Union Pacific were authorized
to subscribe pro rata at par for the bonds of this company, receiving a bonus of $500 in the Short Line <tork,
with every $1,000 bond. An installment of 10 per cent, to be made at the time of subscribing : other installments
of 10 per cent, when called for, but not oftener than once in thirty days. Upon subscription of $10,000 or multi-
ples thereof, bonds appertaining to the first installment to be delivered on the payment of the fourth installment,
POOR'S MANUAL OF RAILROAD& 853
and so on till the final payment is made, when all the bonds are to be delivered. Fifty per cent, of the stock to be
delivered on the payment of the seventh installment on tint 1) If, itnd the balance <>f tin- hint payment. Sub-
scriber? to amounts less than $10.000 to receive bonds only us payment* arc made which entitle them to one bond,
or multiple thereof. No subscription received for lesn than $1,000. Annual nn-i-iiiiL', II ret Monday in May.
Books close ten days prior to, and reopen the day after the meeting. Stock and bonds listed at the New York
Stock Exchange. SIDNEY DILLON. President ; James M. Ham, Secretary and Treasurer. 195 Broadway, New
York City.
SALJNA AND SOUTHWESTERN RAILROAD.-Salina, Kan., to McPherson, Kan.. 35.43
miles. Gauge, 4 ft. 8j in. Chartered December 16, 1878: road opened July 3.1 K79. Consolidated with the Kansas
and Southwestern Ry. Co., without change of name, December 21, 1880. Earnings, year ending December 31,
1886 —Passenger, $25,707.49 ; freight, $49,754.04 ; mail and express, $8.052.4* : miscellaneous. $889.98— total,
$79.403.97. Operating expenses and taxes, $54.098.59 ; net earnings, $25,305.38. Interest on bonds, $32,400.
Deficit, $7,094.82. Capital stock, $288,400; funded debt, first mortgage 6 per cent, bonds, due January 1, 1912,
interest March and September, $540,000; accounts payable, $70,980— total. $899,880. Contra: Cost of road and
fixtures, $836,258.64 : accounts receivable, $32,205.43 ; income account, $30,855.93. The Union Pacific Hy. Co.
owns $231,700 capital stock. The bonds are held in the Kansas Pacific consolidated mortgage trust. Annual
meeting, first Tuesday in May. CHARLES FRANCIS ADAMS, President ; Henry McFarland, Secretary and Treas-
urer, Boston, Mass.
SALT LAKE AND WESTERN RAILWAY.-Lohi Junction, Utah, to Silver City, Utah, 57.60
miles. Qange, 4 ft. 8± in. Chartered May 30, 1881 ; road opened June 10, 1882. Locomotive engine, 1. Care^
passenger, 1 ; caboose, 1 ; coal, 30; water-tank, 2— total, 34. Earnings, year ending December 81. 1886.— Pai-sen-
gers, $7,750.04 ; freight, $55,5(>0.85 ; mail, express, etc., $2,955.80— total, $66,146.89 : operating expenses and taxes,
36,763.64 : net earnings, $29,383.25. Interest on bonds. $64,800. Deficit, $85,41(5.75. Capital stock, $1,0
, $1,080,000 ;
funded debt, first mortgage 6 per cent, bonds, due November 1, 1912, interest May and November, $1,080,000; ac-
counts payable, $67,200— total, $2,257,200. Contra : Cost of road and fixtures, $2.160,350.72 ; accounts receivable,
$37,236.78 ; income account, $59,612.50. Entire stock and bond issues owned by the Union Pacific Ry. Co. An-
nual meeting, second Monday in June. CHARLES FRANCE ADAMS, President; Henry McFarland, Sec. & Treas.,
Boston, Mass.
SOLOMON RAILROAD.— Solomon, Kan., to Beloit, Kan., 57.04 miles. Gauge, 4 ft. 8J in. Organized
August 13, 1877. Road opened June 29, 1878. Operated by Uniow 1 aciflc Ry. Co., wnich supplies equipment.
Earnings, year ending December 31, 1886.— Passenger, $47,111.74 ; freight. $85,306.75 : mail, express, etc., $6,859.31
— total. $139,177.80. Operating expenses and taxes, $111,428.55; net earnings. $27,749.25. Interest on bonds,
$34,500; profit and loss, $110.33. Balance, deficit, $6.86708. Capital stock, $1,108,850: funded debt, first mort-
gage 6 per cent, gold bonds, due May 1, 1908, interest May and November, $575,000 : accounts payable, $125,570 —
total, $1,809,220. Contra: Cost of road and fixtures, $1,691,001.04; accounts receivable, $67,348.33; income ac-
count, $50,870.63. All of the bonds and $1,000,500 of the stock are are held in the Kansas Pacific consolidated
mortgage trust. Annual meeting, first Tuesday in May. CHARLES FRANCIS ADAMS, President; Heury McFar-
land, Secretary and Treasurer, Boston, Mass.
UTAH AND NORTHERN RAILROAD.— Ogden, Utah, to Silver Bow Junction, Montana, 408.07;
Garrison Branch : Silver Bow Junction to Garrison (N. P. RR.), Montana, 44.27 ; Unite City Branch : Silver Bow
Junction to Butte City, Montana, 9.42; branch to Anaconda Mines, 4.22-^-total, 4C6.18 miles. Gauge, 3 ft. and 4
ft. 8$ in. Organi/ed April 30, 1878, as successor to the Utah Northern Railroad Co., whose load, then open from
Ogden to Franklin, 80 miles, was sold under foreclosure March 28, 1878. The present company assumed posses-
sion May 1, 1878, and immediately began to extend the road. It was completed to Eagle Rock, 210 miles, April 12,
1879 : to Red Lake in 1880 ; to Silver Bow Junction and Butte City in 1881, and to Garrison in 188 .
Rolling Stock.— Locomotive engines, 44. Cars— passenger, 27; sleeping (Pullman), 5 ; baggage, mail and ex-
press, 13 ; freight (box, 810 ; stock, 71 : flat, 104 ; coal, 199 ; caboose, 19), 704— total, 748. Also, 7 service cars.
mi
expr
$409 57
eral expenses, $13,112.28— total ($3,520.42 per mile), $1.556,483.84. Net earnings (24.09 per cent.), $498,954.85 ; "add
other receipts. $1,551.54— total, $495,506.39. Payments: Interest on bonds, $388,010 ; taxes, $34,536.85— total,
$422,546.85. Balance, surplus, $72,959.54.
Financial Statement, December 31, 1836.— Capital stock, $5,543,000 ; funded debt, first mortgage 7 per cent.
30-year $1,000 coupon bonds, due July 1, 1908, interest January and July, $5,543,000 : accounts payable. $827.740.72:
income account, $1,263,679.29— total, $13.177,425.71. Contra : Cost of road and fixtures, $13,177.425.71.
The Union Pacific Ry. Co. owns $4,816,400 stock and $4,968,000 bonds. Of the latter $2.387.000 are pledged
in the six percent, collateral trust, and $2,231,000 in the five percent, trust. Interest is payable in Boston and
New York. CHARLBS FRANCIS ADAMS, President ; Henry McFarland, Secretary and Treasurer, Boston, Mass.
Board of Director* Union Pacific Ry. Co., elected March 30, 1887.
Chas. Francis Adams. Boston, Mass.
Frederick L» Ames... Boston, Mass.
Elisha Atkins Boston, Mass.
Mahlon D. Spaulding. Boston, Mass.
Henry H. Cook. . . .New York, N. Y.
Sidney Dillon. ...New York, N. Y.
Ezra K. Baker! Boston, Mass. ! David Dows New York, N. Y.
F. Gordon Dexter Boston, Mass. | Andrew H. Green. New York, N. Y.
Colgate Hoyt New York. N. Y.
S. R. Callaway Om iha. Neb.
Grenville M. Dodge.C'ncil Bluff", la.
James A. Ruinrill. Springfield, Mass.
John Sharp. . . .Salt Lake City, Utah.
Government Directors, appointed in 1887.
Alex Haskell Columbia, S. C. | Fred'k R.Coudert.. New York, N. Y | Marcus A. Hanna Cleveland, O.
' James W. Savage Omaha, Neb. | Franklin McVeagh Chicago, 111.
CHARLES FRANCIS ADAMS, President Boston, Mass.
T. J. Potter, 1st Vice-President and General Manager Omaha, Neb.
S. R. Callaway, 2d Vice- President Omaha, Neb.
Sec and Treas.— Henry McFarland Boston, Mass. Asst. to President— Isaac H. Bromley Boston, Mass.
General Counsel— Sidney Bartlett Boston, Mass. Asst. to President— Gardiner M. Lane Boston, Mass.
General Solicitor— John F. Dillon New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Omaha, Neb.
General Office 40 Wall Street, New York, N. Y.
Financial Agency 44 Equitable Building, Bostou, Mass.
854: POOR'S MANUAL OF RAILROADS.
WISCONSIN, MINNESOTA AND PACIFIC RAILWAY COMPANY.
Main Line of Road. — Red Wing, Minn., to Eagle Lake, Minn 84.1 mile?.
Branch : Morton, Minn., to Watertown Junction, Minn 121.5 milea.
Total length of line operated Jane 30, 1886 205.6 miles.
Sidings, 11.75 miles. Gauge, 4 ft. 8^in. Bail (steel), 60 Ibs. per yard.
History. — Chartered May 23, 1857; road opened in 1882. Included in this line is the
Minnesota Central RR., extending from Red Wing Waterville, a distance of 66 miles, which
was built in 1882, and was operated from January 1, 1883, to June 30, 1884, as the Cannon
Valley Division of the Minneapolis and St. Louis Ry. Co. This company also uses 1.1 miles
of track of the Burlington, Cedar Rapids and Northern RR. Co. from Watertown to Water-
town Junction, which is also included above. The W., M. & P. Ry. is controlled and oper-
ated by the Minneapolis and St. Louis Ry. Co., but separate accounts of its operations and
earnings are kept.
Operations for year ending June 30, 1886. — Train mileage — passenger, 83,779; freight,
78,644 — total, 162,423 miles. Passengers carried, 42,495 ; carried one mile, 1,189.869 ; aver-
age mile rate, 3 03 cents. Tons of freight moved, 173,271 ; moved one mile, 6,064,476 ;
average ton-mile rate, 2.75 cents.
Earnings.— Passenger $39,265 67
Freight • ... 166,773 10
Mail and Express 18,236 78
Miscellaneous 3,910 28
Total ($1 ,109.85 per mile) $228,185
Expenses. — Transportation $77,810 16
Rolling Stock 17,437 70
Maintenance of Way, etc 66,622 51
General... 19,21630
Total ($881. 19 per mile) $181,OS6 67
Net earnings, $47,099.16. Payments : Rental of equipment, $13,924.76 ; taxes, $2,384.07
—total, $15,308.83. Surplus, $80,790.33.
Financial Statement, June 30, 1886.— Capital stock (common, $3,083,200; preferred,
$2,055,000), $5,138,200 ; funded debt, 1st mortgage 6 per cent. 50-year bonds, dated April 14,
1884. interest payable April and October ($15,000 per mile authorized), $3,082,000 ; income
account, $51,093.35— total, $8,271,293.35. Contra: Cost of road, $8,221,228.53; rent of
equipment, $19,006.07 ; due from companies, $31,058.75— total, $8,271,293.35.
Capital stock authorized, $20,000,000. The stock outstanding is owned by the Chicago,
Rock Island and Pacific Ry. Co. The bonds are authorized at the Bate of $15,000 per mile for
construction, $5,000 per mile of equipment, and $3,000,000 for bridging sundry rivers. Of
the total issued $3,000,000 are deposited with the United States Trust Co. as security for an
equal amount of extension and collateral 5's of the Chicago, Rock Island and Pacific Ry.
The difference in interest between the C., R. I. & P. bonds (5 per cent.) and the W. & M. bonds
(6 per cent.) is to be invested as it accumulates in Rock Island bonds at 105 and interest, at
which price they are redeemable at the option of the company after July 1, 1894.
Annual meeting, first Saturday after first Wednesday in June. Interest on bonds paya-
ble at office of company in New York, N. Y.
Directors.— C. F. Hatch, T. E. Clarke, L. C. Mitchell, J. Gaskell, T. J. Hyman, J. A.
Hanley, I. R. D. Hallowell, Minneapolis, Minn.
C. F. HATCH, President Minneapolis, Minn.
T. E. Clarke, Vice-President Minneapolis, Minn.
Secretary— li. C. Mitchell Minneapolis, Minn. | Treasurer — J. Gaskell Minneapolis, Minn.
PRINCIPAL OFFICE AND ADDRESS Minneapolis, Minn.
GROUP 8.— Railroads of the Pacific States : .Idaho, Washington, Oregon, California, Nevada,
Arizona and Utah.
ARIZONA AND NEW MEXICO RAILWAY COMPANY.
Line of Road. — Lordsburg, N. M., to Clifton, A. T 71 miles.
Sidings, 4 miles. Gauge, 3 ft. Rail (steel), 35 Ibs.
History. — Chartered August 1, 1883. This is a consolidation of the Clifton and Lords-
burg and the Clifton and Southern Pacific RRs. It is owned by the Arizona Copper Co., a
POOR'S MANUAL OF RAILROADS. 855
Scottish corporation, with headquarters in Edinburgh, Scotland, and having a capital stock of
$4,000,000, and funded debt, 10 per cent, debenture bonds, $1,800,000.
Rolling Stock. — Locomotive engines, 3. Cars — combination, 2 ; freight (box, 10 ; plat-
form, 32 ; coke. 16), 58— total, 60.
Operations for year ending September 30, 1886.— Passengers carried, 3,926. Freight
moved, 18,414 tons. Earnings— passenger, $9,771.74; freight, $141,325.88; mail and ex-
press, $3,147.68; other, $3,797.29— total, $158,042.59. Expenses— maintenance of way, $11,-
977.26 ; maintenance of cars, $2,282.46 ; motive power, $21,491.26 ; transportation, $12,078.80;
other, $9,206— total, $57,035.78. Net earnings, $101,006.81.
Financial Statement, September 30, 1884 (latest furnished).— Capital stock, $1,500,000 ;
funded debt, 1st mortgage 6 per cent. 25-year bonds, due August 1, 1908, interest February
and August, $1,330,000— total, $2,830,000. Contra : Cost of road, $2,565,000 ; equipment,
$65,000 ; real estate, etc., $200,000— total, $2,830,000. The bonds may be paid any Augubt
1st after 1893, by paying a bonus of $100 on each bond.
. Annual meeting, first Wednesday after first Monday in October.
Directors (elected December 8, 1885). — Lawrence Russell, M. J. Egan, James Colquhoun,
J. J. Miller, Wm. H. Jones, A. B. Ferric, Clifton, Arizona ; L. A. Sheldon, Socorro, N. M.;
John H. Brown, Charles J. Jones, Lordsburg, N. M.
LAWRENCE ROSSELL, President Clifton, Arizona.
L. A. Sheldon, Vice-President New Orleans, La.
Secretary and Treasurer and G. S.—W. H. Jones . .' Lordsburg, N. M.
PRINCIPAL OFFICE AND ADDKESS Clifton, Arizona.
ARIZONA MINERAL BELT RAILROAD COMPANY.
Line of Road (as projected). — Flagstaff, Ariz., to Globe, Ariz 180 miles.
Completed : Flagstaff, Ariz., to Mormon Lake, Ariz 30 miles.
Gauge, 4 ft. 8£ in. Rail, 56 Ibs. per yard.
History. — This railroad is now under construction. Aguarant.ee traffic contract has been
entered into between this company and the Atlantic and Pacific RR. Co., by which the former
is allowed a rebate of 30 per cent, the first year, 25 per cent, the second year, and 20 per
cent, thereafter on all joint through business, which sum, together with 50 per cent, of the
gross earnings of the Arizona Mineral Belt RR. on such joint through business is to be retained
by the A. & P. RR. Co. for the payment of interest on bonds, the surplus to be held as a sink-
ing fund for the payment of the principal. This guarantee has been approved by the A., T.
& S. F. RR. Co., and the St. L. and S. F. Ry. Co. For each $850 cash tbe Arizona Mineral
Belt RR. Co. will deliver $1,000 of its first mortgage gold bonds and $800 stock of the Mineral
Belt Construction and Improvement Company. First mortgage 6 per cent 30-year gold bonds
are to be issued at the rate of $20,000 per mile.
Directors.— J. W. Eddy, A. A. McDonell, J. P. Whitehead, T. "W. Lillie, Thomas P. Shaw,
A. H. Hackney, Charles L. Hoyt.
J. W. EDDY, President Boston, Mass.
Vice-President— A. A. McDonell Flagstaff, Ariz. | Treasurer— T. P.Shaw Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Flagstaff, Ariz.
ARIZONA NARROW-GAUGE RAILROAD COMPANY.
Line of Road. — Tucson, Ariz., northward 10 miles.
Gauge, 3 ft. Rail (steel, 1.5 miles), 35 Ibs per yard.
History. — Chartered November 23, 1882, to build a railroad from Tucson, Ariz., via
Globe, Ariz., to the New Mexico Line, 210 miles, with a branch line from the Gila River to
the coal fields, 20 miles. Grading completed 30 miles north from Tucson. Under contract
to Globe, 110 miles, and will be completed to the Gila River, 62 miles, in 1887.
Rolling Stock. — Locomotive engine, 1. Cars, 11.
856 POOR'S MANUAL OP RAILROADS.
Financial Statement, March 1, 1887.— Capital stock ($3,000,000 authorized— par, $100),
$135,800. Funded debt, 1st mortgage 7 per cent. 20-year bonds, dated July 1, 1883, interest
payable Jauuary and July (authorized, $13,000 per mile), $162,000, of which amount $150,000
is held by Pina County, Ariz., and is to be donated to the company on completion of 60 miles
of road. Cost of road and equipment to date, $197,800.
Annual meeting, third Tuesday in November. Trustees of bonds, C. T. Etchells and
James Quinlin. Interest on bonds payable in New York and in Boston.
Directors.— W. H. Culver, W. C. Davis, S. M. Franklin, J. C. Handy, L. C. Hughes,
Samuel Hughes, George Pusch, C. C. Stephen, Albert Steinfeld, Charles E. Walker, John
Zellweyer, Tucson, Ariz.
W. H. CCLVEK, President Tucson, Ariz.
J. C. Handy, Vice-President Tucson, Ariz.
Secretary— Charles E. Walker Tucson, Ariz. | Treasurer— George Pusch Tucson, Ariz.
General Manager— W. W. Walker Tucson, Ariz.
PRINCIPAL OFFICE AND ADDRESS Tucson, Ariz.
BODES AND BENTON RAILWAY COMPANY.
Main Line of Road.— Bodie, Cal., to Mono Mills, Cal 32.00 mile?.
T» . j Mono, Cal. , to Woodyard 2.50 miles.
: (Bodie, Cal., to Standard Mine 1.50 miles.
Total length of road 36.00 miles.
Sidings, 1 mile. Gauge, 3 ft. Rail (steel, 15 miles), 35 and 40 Ibs.
History. — Chartered February 19, 1881 ; main line opened Nov. 15, 1881 ; branches,
July, 1882.
Rolling Stock. — Locomotive engines, 4. Cars — freight (box, 1 ; platform, 51), 52 ;
caboose, 1 ; others, 8 — total, 61.
Operations for year ending December 31, 1884. — Trains run (freight), 20,296 miles.
Freiglit moved, 16,420 ; moved one mile, 524,280 tons. Gross earnings, $129,889.56. Operat-
ing expenses, taxes, etc., $68,537.96. Net earnings, $61,351.60. Payments : Interest on
bonds, $53,553.88 ; bonds redeemed, $63,000— total, $116,553.88.
Financial Statement, December ol, 1884.— Capital stock, $80,000 ; funded debt (2-year
10 per cent, coupon bonds, due May 10, 1883, interest May and November (authorized, $500,-
000), $'237,000 ; 8 per cent. 5-year bonds, due February 15, 1887, interest February and
August, $350,000), $587,000— total, $667,000. Contra : Cost of road, $467,680.54 ; equip-
ment, $81,390.60; materials and fuel, $106,475; other property, etc., $61,828.12; bills re-
ceivable, $2,649.92; telegraph, $2,998.10.
Annual meeting, third Monday in January. Interest payable at San Francisco, Cal.
Trustees of bonds, 8 per cent., James D. Walker and Louis McLane ; 10 per cent., Thomas
Menzies and Louis McLane.
Directors (elected January 19, 1885). — A. J. Ralston, W. S. Wood, Thomas Menzies,
Win. Willis, J. D. Walker, J. B. Low, San Francisco, Cal.; H. M. Yeriugton, Carson, Nev.
THOMAS MENZIES, President San Francisco, Cal.
Vice-President— A. J. Ralston San Francisco, Cal. | Sec. and Treas.— William Willis... San Francisco, Cal.
PRINCIPAL OFFICE AND ADDRESS 29 Nevada Block, San Francisco, Cal.
CALIFORNIA SHORT LINE RAILWAY COMPANY.
Line of Road. — Draper, Utah, to Chester, Utah 8 miles.
History. — This road is projected to run from Draper to Manti, Utah, and ultimately
through Nevada into California. Eight miles of track as above were laid, and 12 miles ad-
ditional graded at the close of the year 1885. Capital stock authorized, $16,000 per mile ;
funded debt, $56,000 six per cent, bonds, due January 1, 1905, interest Jauuary and July
(authorized issue, $8,000 per mile).
MANUAL OP EAILROADS. 857
Directors.— Josiah Barnett, Allen Q. Campbell, C. W. Bennett, John A. Qroesbeck, W.
S. McCormick, J. E. Bamberger, F. K. Morris, Salt Lake City, Utah.
JOHN A. GROKPBECK, President Salt Lake City, Utah.
J. E. Bamberger, Vice- President Salt Lake City, Utah .
Treasurer— W. 8. McCormick. . . .Salt Lake City, Utah. | Secretary— F. K. Morria Salt Lake City, Utah.
Chief Engineer— H. 8. Kerr Morvin, Utah.
PRINCIPAL OFFICE AND ADDKESS Salt Lake City, Utah.
CALIFORNIA SOUTHERN RAILROAD COMPANY.
Line of Road. — National City, Cal., to Barstow £10.61 miles.
Sidings, 10.91 miles. Gauge, 4 ft. 8£ in. Rail (steel, 221.33 miles), 50 Ibs.
The Southern Pacific is used between Colton and Los Angeles, 57.5 miles.
History.— Consolidation December 28, 1881, of the California Southern RR. Co., char-
tered October 12, 1880, and the California Southern Extension RR. Co., chartered May 23,
1881. Road opened from National City to Fall Brook. 67 miles, January 2, 1882 ; to Colton,
126.86 miles, August 21, 1882, to San Bernardino, September 13, 1883, and to Barstow. No-
vember 15, 1885.
The extension from San Bernardino to Barstow, 80.67 miles, where connection is made
with the Atlantic and Pacific RR., was built under an agreement made with the Atchisoa,
Topeka and Santa Fe RR. Co., whereby the latter company provided the means for the con-
struction of such extension, the California Southern RR. Co. reimbursing it with new first
mortgage 6 per cent, bonda limited to $10,000 per mile of the whole road, to an amount
equal to ihe cost of building the new line and to refund any advances made to put the
whole road in order. Under the agreement with the Atchison it is provided to issue stock
to that company to an amount equal to that held by the California Southern stockholders.
Rolling Stock. — Locomotive engines, 7. Cars — I'assenger, 7 ; baggage, mail and ex-
press, 3; freight (box, 31 ; platform, 47), 78— total, 88.
Operations for year ending December 31, 1886. — Traffic statistics not reported. Earn-
ings—passenger, $365,229.40 ; freight, $357,161.82 ; mail and express, $22,700.61 ; miscel-
laneous, $7,567.14 — total, $752,658.97. Expenses— maintenance of way, $225,808.62 ; main-
tenance of cars, $21,837.35 ; motive power, $28,646.36 ; transportation, $368,268.36 ;
miscellaneous, $46,702.75— total, $691,263.44. Net earnings, $61,395.53. Paid rental of
equipment, $23,563.83 ; track rental (S. P. Co.), $69,105.03 ; taxes. $36,926.99 ; interest on
bonds, $53,401.67 ; on advances by A., T. & S. F. RR. Co., $6,952.61— total, $189,950.13.
Balance, deficit, $128,554.60 ; deficit from last year, $16,719.61— total deficit, $145,274.21.
Financial Statement, December 31, 1886.— Capital stock, $6,072,000; 1st mortgage
bonds due 1922, $4,000; 1st mortgage bonds due 1926, $2,000,000; income bonds, $3,438,000;
income bond scrip, $59,350; interest payable, $520; coupons due January 1, 1887, $60,000;
vouchers, pay-rolls and accounts, $173,986.35— total, $11,807,856.35. Contra : Cost of road,
$10.979,647.92 ; equipment, $204,392.51 ; tugs and lighters, $8,917.86 ; wharves and docks,
$49,749.75; stocks and bonds, $42,959.77; materials and supplies, $60,05401 ; accounts re-
ceivable, $122,652.28; Atchison, Topeka and Santa Fe RR. Co., $107,207.68; cash, $87,000.36;
profit and lo.-s, $145,274.21— total, $11,807,856.35.
The first mortgage bonds were issued to the Atchison, Topeka and Santa Fe RR. Co. in
payment of advances made by that company for rebuilding and extending the road, and the
old 1st mortgage bonds were exchanged for 113 per cent, of their face, including past due
interest, income bonds.
Annual meeting, first Tuesday in Mar«-h. Interest on bonds payable at the Maverick
National Bank, Boston, Mass. Stock and bonds listed on Boston Stock Exchange. Interest
payable at Boston, Mass.
Directors (elected March 1, 1887). — George 0. Manchester, Boston, Mass.; C. W. Smith,
858 POOR'S MANUAL or RAILROADS;
Chicago, 111.; E. S. Babcock, Jr., M. A. Luce, San Diego, Cal.; F. H. Pattee, National City,
Cal.
GEORGE 0. MANCHESTER, President Boston, Mass.
C. W. Smith, Vice-president Chicago, 111.
Secretary & Treasurer— Q. L. Goodwin. .Boston, Mass. Superintendent— 3 . N. Victor San Bernardino, Cal.
Asst. Sec. and Treas.—V. II. Pattee. National City, Cal. Cmnpt. & Gen. And.—Jno. P. Whitebead. Boston, Maes.
Auditor— Giles Kellogg National City, Cal.
PRINCIPAL OFFICE AND ADDRESS National City, Cal.
Transfer Office 95 Milk Street, Boston, Mass.
CARSON AND COLORADO RAILROAD COMPANY. (In Progress.)
Main Line of Road. — Mound House, Nev., to Candelarin, Nev 158 miles.
C. & C. RR., 2d Division : Junction, Nev., to Cal. State Line 34
C. & C. RR., M Division : Nevada Line to Keeler, Cal 107—141 miles.
Total length of lines owned and operated 299 miles.
Sidings, etc., 9.3 miles. Gauge, 3 ft. Rail (steel), 35 Ibs.
History. — This company was organized May 10, 1880 ; road opened to Hawthorne, 100
miles, April 18, 1881 ; to Belleville, 150 miles, December 31, 1881 ; to Candelaria in March,
1882.
The C. & C. RR. 2d Division, and the C. & C. RR. 3d Division, are operated by this com-
pany under an agreement with the companies owning them.
Rolling Stock. — Locomotive engines, 8. Cars — passenger, 5; baggage, mail and ex-
press, 4; freight (box, 59 ; platform, 120 ; ore, 15), 194 — total, 203. Also, 2 caboose and 18
service cars.
Operations for year ending December 31, 1886. — Not reported.
Financial Statement, December 31, 1886.— Capital stock ($2,370,000), $2,250,000;
funded debt, series A first mortgage 30-year 6 per cent, bonds, dated July 1, 1881, interest
January and July, $2,250,000. Contra: Cost of road, equipment and lands, in stock and
bonds issued, $4,500,000.
CARSON AND COLORADO RAILROAD, SECOND DIVISION.-Belleville Junction, Nev..
to California Line, 34 miles. Sidings, 1 mile. Rail (steel), 35 Ibs. Chartered November 3, 1881; road opened
January 30, 1883. Operated under lease by the Carson and Colorado RR. Co. of Nevada. Capital stock, §510,000;
funded debt, series B, 1st mortgage 6 per cent. 30-year bonds, dated July 1, 1883, interest January and July, $510,-
000 — total, representing cost of road, lands-, and equipment, gl,020_,000. H. M. YERINGTON, President,' D. A.
Bender, Secretary, Carson, Nev.; 8. P. Smith, Treasurer, San Francisco, Cal.
CARSON AND COLORADO RAILROAD, THIRD DIVISION. -Nevada Line to Keeler,
Cal., 107 miles. Sidings, etc., 2.5 miles. Rail (steel), 35 Ibs. Chartered November 21, 1881; road opened August
1, 1883. Operated under lease by the Carson and Colorado RR. Co. (of Nevada). No stock or bonds ae yet issued.
Directors.— H. M. Yerington, D. L. Bliss, D. A. Bender, Carson, Nev.; W. S. Wood, S. P. Smith, J. H. Dobinson,
M. B. Langhorne, San Francisco, Cal. H. M. YERINGTON, President; D. A. Bender, Secretary, Carson, Nev.; S.
P. Smith, Treasurer, San Francisco, Cal.
Directors Carson and Colorado RR. Co.
H. M. Yerington Carson, Nev. D. A. Bender Carson, Nev. I Alf. Helm Carson, Nev.
D. L. Bliss Carson, Nev. W. D. Tobey Carson, Nev. | S. H. Wright Carson, Nev.
S. P. Smith San Francisco, Cal.
H. M. YERINGTON, President and General Superintendent Carson, Nev.
D. L. Bliss, Vice-President Carson, Nev.
Treasurer— S. P. Smith San Francisco, Cal. | Sec., Gen. Fgt. & Tkt. Agt—D. A. Bender. Carson, Nev.
PRINCIPAL OFFICE AND ADDRESS Carson, Nev.
COLUMBIA AND PUGET SOUND RAILROAD COMPANY.
Main Line of Road. — Seattle to New Castle, Washington Territory 21.8
Cedar River Extension : Renton to Franklin 22.3 — 44.1 miles.
Sidings, 2.1 miles. Gauge, 3 ft. Rail (steel 44'miles), 35 and 56 Ibs.
History. — Originally the Seattle and Walla Walla RR. Purchased by the Oregon Im-
provement Co., and name changed to present title. Now operated by the latter company in
connection with its coal mining enterprises. An extension of the main line from Lake Wil-
derness to Snoqualamie Pass, 40 miles, and a branch from the main line to Common Point, 4'
miles, are projected.
POOR'S MANUAL OP RAILROADS. 859
Rolling Stock, November 80, 1886.— Locomotive engines, 8. Cars— passenger, 8; bag-
gage, etc., 2; freight, 150— total, 155.
Operations for year ending November 30, 1886. — Traffic statistics not reported. Gross
earnings, $167,291.38; operating expenses, $107,534.42; net earnings, $59,75696. Tons
coal carried, 176,647. Expended for construction and new equipment, $28,690.23.
Financial Statement, November 30, 1886. — Capital stock (all owned by the Oregon
Improvement Co.), $575,000 ; accounts payable, $91,103.37; current accounts, $44,893.66;
profit and loss, $412,220.64— total, $1,123,217.67. Contra: Construction and equipment,
$1,025,471.37; materials, etc., $9,179.53; accounts receivable, $65,420.85; current account?,
$23,145.92.
Annual meeting, third Tuesday in May.
Trustees (elected May 17, 1887).— Elijah Smith, New York, N. Y.; T. H. nyndale,
Bailey Qatzert, A. A. Denny, T. J. Milner, Seattle, W. T.
ELIJAH SMITH, President New York, N. Y.
A. A. Denny, Vice-President Seattle, W. T.
General Superintendent— T. J. Milner. . . .Seattle, W. T. | Secretary and Treat.— -T. H. Tyndale Seattle, W. T.
PRINCIPAL OFFICE AND ADDUESS Seattle, W. T.
COLUSA AND LAKE RAILROAD COMPANY.
Line of Road.— Colusa, Cal., to Sites, Cal 22 miles.
Gauge, 3 feet. Rail (steel), 30 and 35 Ibs.
History. — The Colusa RR. Co. was incorporated July 25, 1885, and built the road from
Colusa, Cal., to Colusa Junction, on the Northern RR. . 10 miles. For the purpose of extend-
ing the road to Lake Town, 29 miles, the Colusa and Lake RR. Co. was incorporated June 8,
1886, and 12 additional miles of road, from Colusa Junction to Sites, have been completed.
Consolidation of the two companies under the present title took place on November 27, 1886.
Rolling Stock. — Locomotive engine?, 1. Cars — passenger, 1 ; baggage, etc., 1 ; box, 5;
platform, 10 — total, 17.
Financial Statement.— Capital stock authorized, $400,000 ; paid in, $100,500.
Directors. — W. P. Harrington, E. W. Jones, W. D. Dean, E. A. Harrington, J. W. Goad,
Geo. Hagar, J. H. Roberts, P. Peterson, John Sites, Colusa, Cal.
W. P. HARRINGTON, President Colusa, Cal.
Treasurer. Colusa E. Bank. | Secretary C. M. Ballantine.
PRINCIPAL OFFICE AND ADDRESS Colusa, Cal.
DENVER AND RIO GRANDE WESTERN RAILWAY COMPANY,
Main Line of Road. — Colorado State Line to Ogden, Utah 310. 10 miles.
( Bingham : Binghatn Junction to Bingham, Utah 16.3
T, v, I Little Cottonwood: Bingham Junction to Aha, Utah 18.2
Branches : < Pieasant Valley: Pleasant Valley Junction to Coal Mines. . .17.3
[Other Coal Mine Branches 6.1 — 57.90 miles.
Total length of all lines in Utah 368.00 miles.
Gauge, 3 ft. Rail (steel, 330 miles), 30 and 40 Ibs. to the yard.
History, — Organized in 1881 to build extensions of the Denver and Rio Grande Ry. into
Utah Territory. In 1882 the company purchased the Utah and Pleasant Valley RR., extend-
ing from Provo to Pleasant Valley, and the Wasatch and Jordan Valley RR., from Bingham
City to Alta, the mileage of the two being 93.85 miles. On the 1st of August. 1882, the road
was leased for 30 years to the Denver and Rio Grande Ry. Co., and 154.60 miles of completed
road were then turned over to the lessee. The rest of the road was turned over as completed
—175.94 miles on April 8, 1883, and 37.46 miles May 21, 1883.
The lessee guaranteed principal and interest of this company's bonds up to $7,500,-
000. Default was made in March, 1884, the road was abandoned by the lessee July 11, 1884,
and a receiver took charge the following day.
860 POOE'S MANUAL OP RAILROADS.
A plan for the relief of the company has been agreed upon, by which bondholders
accept 5 per cent, scrip for all overdue coupons up to March 1, 1888, for an average of 50
per cent, of coupons up to September 1, 1889, the other 50 per cent, to be paid in ca^h, and
full cash payments to be resumed September 1, 1889. The scrip is redeemable at the com-
pany's option, and no dividends can be paid on stock till the scrip is redeemed.
An adjustment of the dispute with the Denver and Rio Grande has also been arrived
at, the obligations arising out of the lease being cancelled, and the trust equipment with
which this road was operated turned over to this company.
The receiver was discharged July 29, 1886, and the company resumed the operation of
the road.
Operations for year ending December 31, 1886. — Earnings — passenger, $327,710.39 ;
freight, $725,554.61 ; miscellaneous, $3,827.92— total, $1,057,092.92. Expenses— mainten-
ance of way and structures, $183,261.10 ; rolling stock, $93,681.69 ; transportation, $372,130.-
12 ; miscellaneous, 46,920.66— total, $695,993.57. Net earnings,$361,099.35. Add interest,
$2,759.35; pool account, $22,683.04; loss and gain, $12.23— total, $386,553.97. Deduct in-
terest on bonds, $89,617.86 ; taxes, $4,670.55 ; insurance, $2,132.64 ; rental of equipment,
$28,472.05 ; other payments, $79,718.36 ; total, $204,611.46. Surplus, $181,942.51.
General Balance Sheet, December 31, 1883 (latest furnished).
Construction, etc. (368 miles) $11,584,005 08
Construction, Unfinished Lines i 2,744,423 40
D. & R. G. Ry. Co. in Account Current-
Received by it from W. U. T. Co., etc., 37,330 21
D. & R. G. Ry. Co.— Rental Account 386,119 61
D. & R. G. Ry. Co.— Account Org. Fund. 11,624 21
Total $14,763,502 51
R. G. W. Cons. Co. in Account Current. . . $17,693 02
Interest on Bonds 341,400 00
Capital Stock 7,500,000 00
First Mortgage Bonds 6,900,000 00
Suspense Accounts 4,409 49
Total $14,763,502 51
Share capital limited by charter to $48,000,000. Bonds to an equal amount to issue at
the rate of $16,000 to the mile of main and branch lines. They are first mortgage 6 per cent.
30-year $1,000 coupon or registered bonds, due September 1, 1911, interest payable March
and September at the Fourth National Bank, New York.
Annual meeting, first Monday in October.
Directors (elected October 2, 1886).— William J. Palmer, L. H. Meyer, New York, N. Y.;
George A. Lowe, W. F. Colton, R. Harkness, Salt Lake City, Utah.
W. J. PALMER, President New York, N. Y.
Vice- President— George A. Lowe Salt Lake City. Secretary and Treasurer— C. W. Drake New York.
General Supt. — W. H. Bancroft Salt Lake City. Auditor — Thomas Geddes Denver.
PRINCIPAL OFFICE AND ADDRESS Salt Lake City, Utah.
New York Office Mutual Life Insurance Building, 32 Nassau Street.
EUREKA AND PALISADE RAILROAD COMPANY.
Line of Road. — Palisade, Nev., to Eureka, Nev 84 miles.
Sidings, 10 miles. Gauge, 3ft. Rail (steel), 35 Ibs.
History. — Chartered March, 1874; road opened September, 1876.
Rolling Stock. — Locomotive engines, 4. Cars — passenger, 2 ; baggage, etc., 2 ; freight
(box, 21 ; stock, 3 ; platform, 95 ; caboose, 2), 121— total, 125.
Operations. — All information refused.
Financial Statement.— Capital stock (authorized, $2,000,000) paid in, $1,100,000 ; funded
debt, $900,000; floating debt, $18,253 22— total liabilities, $2,018,253.22. Contra: Construc-
tion, $1,355,346.78 ; equipment, $107,691.97 ; real estate and buildings, $88,628.98; sundry
accounts, $161,016.94— total assets, $1,667,684.67.
EDGAR MILLS, President San Francisco, Cal .
Treasurer— D. O. Mills Sacramento, Cal | Secretary— E. F. Oatman Eureka, Nev.
Gen. Superintendent— -B. Oilman Eureka, Nev.
PRINCIPAL OFFICK AND ADDRESS Palisade, Nev.
POOIl'S MANUAL OF RAILROADS. 8G1
LAKE TAHOE RAILROAD.
Line of Road.— Glenbrook, Nev., to Summit, Nev 10 mile?.
Sidings, 2 miles. Gauge, 3 ft. Rail (all steel), 85 Ibs.
History.— This road is owned by the Carson and Tahoe Lumber and Fluming Co. It is
built wholly on the land of the company, and for its own private use. The accounts of the
railroad are distributed among other accounts of the C. & T. L. & F. Co.; consequently no
statement of earnings or expenses is given. The Co. has no State charter. Road opened
August 1, 1875.
Rolling Stock. — Locomotive engines, 8. Cars— freight, 45 ; track, 4.
Financial Statement.— Cost of road, $236,000 ; equipment, $57,000 ; real estate, $8,000
—total, $001,000. All paid for, no debt.
D. L. BLISS, President and General Manager Carson, Nev.
Secretary— Geo. F. Ford Carson, Nev. | Treasurer— Agency Bank of Cal . . . .Virginia City, Nev.
PRINCIPAL OFFICE AND ADDRESS Carson, Nev.
NEVADA AND CALIFORNIA RAILROAD.
Line of Road. — Reno, Nev., to California State Line 28.5 miles.
Extension : JState Line to Chat, Lassen Co. , Cal 8.5 miles.
Total length of main line 37.0 miles.
Sidings, 0.66 mile. Gauge, 3 ft. Rail— steel (7.13 miles), 85 Ibs ; iron, 30 Ibs.
History. — Chartered under the name Nevada and Oregon RR. Co., April 25, 1881. That
company had in operation 31 miles of road from Reno northwest, opened for traffic October 2,
1882. On the 17th day of April, 1884, the road, franchises, etc., were sold under foreclosure
and purchased for account of bondholders, by whom the present title was adopted and the
road extended to Moran. The road was reorganized in January, 1887. An extension of 57
miles, to Hot Springs, was begun in May, 1887.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1; freight (box, 6; platform,
9), 15 ; caboose, 1 ; other, 1 — total, 18.
Operations, Financial Statement, etc.— No statement of operations of this road has
been furnished. It is owned by private individuals aud has no corporate existence; no
stock, bonds, or floating debt.
Directors.— Charles Moran, D. C. Moran, New York, N. Y.; E. L. Heriot, S. D. King,
R. N. Heriot, Reno, Nev.
E. GEST, Manager Reno, Nev.
Master Mechanic— J. M. Fulton Reno, Nev. | Auditor-F. R. Lewis Reno, Nev.
PRINCIPAL OFFICE AND ADDRESS Reno, Nev.
NEVADA CENTRAL RAILWAY COMPANY.
Line of Road.— Battle Mountain, Nev., to Austin, Nev 93.5 miles.
Sidings, etc., 3 miles. Gauge, 3 ft. Rail, 35 Ibs.
History.— Chartered August 7, 1879 ; road opened February 24, 1880. Controlled by
Union Pacific Ry. Co. which owns $959,500 stock aud $250,000 income bonds of this com-
pany.
The company defaulted in payment of interest on 1st mortgage bonds October 1, 1884,
and foreclosure proceedings were begun by the Central Trust Co., trustee. Early in 1885,
by an agreement between the trustee and the Union Pacific Ry. Co., a receiver was ap-
pointed.
Rolling Stock.— Locomotive engines, 4. Cars— passenger, 8 ; freight (box. 17; stock, 4 ;
platform, 47), 68— total, 71. Also, 1 caboose and 10 hand cars.
Operations for year ending December 31, 1886.— Train mileage, etc., not reported.
Earnings— passenger, $11,553.49; freight, $42,777.01 ; mail and express, $3,321.04; other,
862 POOR'S MANUAL OF RAILROADS.
$107.32— total, $57,758.86. Expenses and taxes, $60,382.54. Deficit on operations, $2,-
623.68.
Financial Statement, December 31, 1886.— Capital stock, $1,000,000 ; funded debt ($750,-
000 1st mortgage 6 per cent, bonds, due October 1, 1904 ; $250,000 8 per cent., non-cumula-
tive, 25-year income bonds, due November 1, 1905), $1,000,000; accounts payable, $75,5;J7.95
—total, $2,075,537.95. Contra : Construction, $1,961,382.66 ; materials, etc., $5,181.06; ac-
counts, $6,716.84 ; income account, $102,257.39.
Securities not listed on any exchange. Annual meeting, first Tuesday in January. Books
close for annual meeting ten days prior thereto. Trustee of bonds, Central Trust Co., New
York, N. Y. Interest payable at New York. Voting power attached to stock after 10 days'
ownership.
The road is to be sold under foreclosure and a new company organized. Under the plan
of reorganization the stock is wiped out, 1st mortgage bonds get dollar for dollar in new 4s
and an equal amount of new stock, and income bonds get new stock.
Directors (elected January 6, 1886). — Chas. F. Adams, Jr., Fred. L. Ames, Boston, Mass.;
Sidney Dillon, New York, N. Y. ; A. A. Curtis, C. W. Hiuchcliffe, Andrew Nicholls, N. J.
Fan-ell, M. Curtis, Austin, Nev.; S. R. Callaway, Omaha, Neb.
CHARLES FRANCIS ADAMS, President Boston, Mass.
C. W. Hinchcliffe, Receiver and Treasurer Austin, Nev.
S. K. Callaway, Vice-President Omaha, Neb.
PRINCIPAL OFFICE Austin, Nev.
NORTHERN CALIFORNIA RAILROAD COMPANY.
Line of Road. — Marysville, Cal., to Oroville, Cal 26.5 miles.
Sidings, 1 mile. Gauge, 4 feet, 8| inches. Rail (steel 1.5 miles), 40, 45 and 50 Ibs.
History.. — Chartered June 29, 1860, under name of California Northern RR. Co. Road
opened in February, 1864. On January 22, 1881, the road was purchased at commissioners'
mortgage foreclosure sale by N. D. Rideout, for himself and associates, in whose interest it
was operated under its old name until December 31, 1884. On January 1, 1885, it was trans-
ferred to the existing corporation, whose charter dates from September 6, 1884.
Rolling' Stock.— Locomotive engines, 2. Cars — passenger, 2 ; baggage, etc., 1 ; freight
(box, 6 ; platform, 13), 19 ; other, 3— total, 25.
Operations for year ending December 31, 1885. — Earnings — passenger, $16,171.74;
freight, $36,931.55 ; mail and express, $2,902.54— total, $56,005.83. Operating expenses,
$37,966.48. Net earnings, $18,039.35.
Financial Statement. — Capital stock, representing cost of road to present company,
$320,000. The original cost of the road was $1,781,780. First mortgage bonds of the old
organization amounted to $850,000, and its capital stock paid in was $964,000 out of a total
authorized capital of $1,000,000.
Directors (elected in 1885). — N. D. Rideout, A. J. Binney, Marysville, Cal.; N. Luning,
M. B. Langhorne, George Whittell, San Francisco, Cal.
N. D. RIDEOUT, President Marysville, Cal.
Sec'y and Treas.—M. B. Langhorne. San Francisco, Cal. | General Manager — A. J. Binuey Marysville, Cal.
PRINCIPAL OFFICE AND ADDRESS Marysville, Cal.
NORTHERN RAILWAY COMPANY.
Main Line of Road.— West Oakland, Cal., to Martinez, Cal 31.02
Extension Line : Woodland, Cal., to Tehama, Cal 100.74
Suisun Branch : Benecia to Suisun, Cal 16.33
Leased : San Pablo and Tulare RR.: Martinez, Cal., to Tracy, Cal.. . . 46.52—194.61 miles.
2d track, 4.89 ; sidings, 42.41 miles. Gauge, 4 ft. 8£ in. Rail (steel, 128.22 miles), 50-60 Ibs.
History. — Chartered July 19, 1871 ; road (1st section, 29 miles) opened July 1, 1876, and
completed to Tehama on September 27, 1882. Since January 1, 1876, the line has been leased
POOR'S MANUAL OF RAILROADS. 863
to the Central Pacific RR. Co., and with it the San Pablo and Tulare RR., of which this
company had a lease. Rental, $1,500 per mile per month for the N. Ry., and $300 per mile
per month for the S. P. & T. RR., both paid by the C. P. RR. Co.
Rolling Stock. — None owned. Furnished by lessee.
Operations, etc.— Included in returns of Southern Pacific Co. Rental for 1886, $507,708.
Expenses and taxes, $2,845.57. Net income, $504,862.43. Payments : Interest on bonds.
$252,840 ; dividends on stock, $123,810— total, $376,650. Surplus, $128,212.43 ; surplus from
last year, $967,477.44— total, $1,095,689.87.
Financial Statement (N. Ry. 148.09 miles), December 31, 1886.— Capital stock, $6,190,-
500 ; funded debt, 1st mortgage 6 per cent. 30-year coupon $1.000 bonds, due January 1, 1907
(limit, $6,300,000), $4,464,000 ; coupons due January 1, 1887, $133,920 ; profit and loss, $1,-
095,689.87— total, $11,884,109.87. Contra: Construction, $11,552,801.99; equipuieit, $3,-
256.38 ; cash on hand, $328,051.50.
Interest payable at San Francisco and New York. Dividends payable in San Francisco.
Dividends paid to date, 5. Annual meeting, first Wednesday after second Tuesday in April,
Trustees of bonds, Eugene Kelly and Henry B. Laidlaw.
Of the first mortgage Jwmds, $3,964,000 are listed on the Stock Exchanges of New York
and San Francisco.
SAN PABLO AND TTTLARE RAILROAD.— Martinez to Tracy, 46.52 miles ; total track (steel,
46.53 miles), 56.62 miles. Gauge, 4 ft. 8J in. Hail, 50 and 56 Ibs. Chartered July 19, 1871 ; road opened Septem-
ber 3,- 1878. Leased to N. Ry. Go. and operated by C. P. RR. Co.; rental, $300 per mile per month. Rental for
debt, 1st mortgage 6 per cent. 30-year coupon $1,000 bonds, dated April 1, Ib78, interest April and October (.limit,
$3,750,000), $1.0^,000; currentjaccounts, $5,341.66 ; profit and loss, $192,497.45- total, $3.081,839.11. Contra: Con-
struction, etc., $2,929,540.28 ; cash, $120,764.60 ; sinking fund, $31,534.23. Interest and dividend* payable in San
Francii-co. Total number of dividends paid to date, 7. Annual meeting, first Wednesday after second Tuesday
in April. Trustees of bonds, Albert Gallium and Charles Miller. LELAND STANFORD, President : Charles Crocker,
Vice- President ; Timothy Hopkins, Treasurer ; W. V. Huntington, Secretary^ San Francisco, cal.
Board of Directors (N. Ry. Co.), elected April 18, 1887.
W.V. Huntington, S.Francisco, Cal. | Leland Stanford. San Francisco, Cal. | C. F. Crocker.. .San Francisco, Cal.
Timothy Hopkins. San Francisco, Cal. | E. H. Miller, Jr San Francisco, Cal.
W. V. HUNTINGTON, President San Francisco, Cal.
Charles F. Crocker, Vice-President San Francisco, Cal.
Treasurer— E. H. Miller, Jr San Francisco, Cal. | Secretary— Timothy Hopkins San Francisco, Cal.
PRINCIPAL OFFICE 4th and Townsend Street, San Francisco, Cal.
NORTH PACIFIC COAST RAILROAD COMPANY.
Main Line of Road. — Saucelito, Cal., to Duncan's Mills, Cal 73.25 miles.
San Rafael Branch : Junction, Cal., to San Rafael, Cal 2.00 miles.
, ( San Rafael and San Quet.tin RR.: San Quentin to San Rafael 3.50 miles.
.Leased : ^ Duncau*s Mills to Ingrain's 7.50 miles.
Total length of lines operated 86.25 miles.
Sidings, etc., 9.75 miles. Gauge, 3 ft. Rail (steel, 14 miles), 35 and 50 Ibs.
Steam Ferries : San Francisco to Saucelito, 6; and to San Quentin, 11| miles.
History. — Chartered December 16, 1871; opened to Duncan's May 15, 1877. Leased San
Rafael and San Quentin RR. for 43 years from March 11, 1875, and assumed that company's
bonds.
Rolling Stock. — Locomotive engines, 11. Cars — passenger (owned, 18; leased, 7), 25;
baggage, mail, etc., 5; freight (box, 30; platform, 242; stock, 12), 284— total, 814. Also 2
caboose and 25 other cars.
Operations for year ending December 31, 1885. — Train mileage not reported. Passen-
gers carried, 588,513; carried one mile, 8,514,986. Tons freight move'd, 56,811; moved one
mile, 2,535,858. Earnings— passenger, $139,272.35; freight, $r,'5,098.66; mail and express,
$19,035.67; other, $6,150— total, $289,556.68. Expenses, $234,558.97 Net earnings, $54,-
997.71.
864 POOR'S MANUAL or RAILROADS.
Financial Statement, December 81, 1885.— Capital stock, $2,500,000 ; funded debt (1st
mortgage 6 per cent. 20-year bonds, due November 1, 1901, interest May arid November,
$600,000; 2d mortgage 6 per cent. 20-year bonds, due November 1, 1901, inrerest May and
November, $500,000 ; 1st mortgage N. P. C. RR. Extension Co. 6-year bonds, due January 2,
1889, interest January and July, $150,000), $1,250,000; accounts, etc., $180,710— total, $3,-
930,710. Contra : Cost of road, etc., $3,160,828.62 ; materials and fuel, $2,075; cash and ac-
counts, $31,337.34; profit and loss, $736,469.04— total, $3930,710.
The above bonds are $30 coupon. Interest payable at San Francisco, Cal. Annual
meeting second Monday in February. W. Steel, W. Powell, and Thomas Bell, trustees of
bonds.
SAN RAFAEL AND SAN QUENTIN RAILROAD.— San Rafael to San Otientin, 3.50 miles ;
total track, 3.83 miles. Chartered Febriuiry £5, 1869 ; road opened in March, 1871. Leased, March 11. 1875, to N'
P. C. RR. Co.; rental, $1 per annum. Capital stock, $41,820; funded debt 1st mortgage 10 per cent, bonds, due
August 1, 1880, $28,000; profit and loss, $21,175.63— total, representing cost of road, etc., $92,995.63. ADOJLPH
MAITLAND, President, San Rafael, Cal.
Board of Directors N. P. C. RR. Co., elected February 8, 1886.
J. W. Coleman. .San Francisco, Cal. A. Borel San Francisco, Cal. I W. Young San Francisco, Cal.
W. Steel San Francisco, Cal. W. R. Fortune. .San Francisco, Cal. | C. Denervand. . .San Francisco, Cal.
J. B. Mackie San Francisco, Cal.
JOHN W. COLEMAN, President San Francisco, Cal.
W. Steel, Vice-President San Francisco, Cal.
Treat.— London & San Francisco Bank. .San Francisco. | Secretary— F. B. Latham San Francisco, Cal.
PRINCIPAL OFFICE AND ADDRESS 327 Pine Street, San Francisco, Cal.
OREGON AND CALIFORNIA RAILROAD COMPANY.
Main Line of Road. — Portland, Oreg., to Asbland, Oreg 342.7 miles.
Branch : Lebanon : Albany Junction to Lebanon 11.5 miles.
West Side Division : Portland to Corvallis 96.8 miles.
Total length of lines completed December 31, 1885 451.0 miles.
Sidings and other tracks, 33.94 miles. Gauge, 4 ft. 8i in. Rail (steel, 303.90 m.), 35 to 56 Ibs.
History. — Chartered March 17, 1870 ; first portion of road opened September 5, 1870.
The company is successor of the Oregon Central RR. Co. of Salem, organized under the gen-
eral incorporation laws of the State of Oregon April 22, 1867. It owns the land giant given
to said company by act of Congress approved July 25, 1866. In October, 1880, this company
obtained control of the Western Oregon RR. and its leased line, the Oregon Central RR. of
Portland, both organized under the laws of the State of Oregon, the first on January 27, 1879,
the latter on September 29, 1866. The Oregon Central RR. Co. is the owner of a land grant
conveyed by act of Congress approved May 4, 1870. These roads are now operated as the
West Side Division.
This road was formerly leased to the Oregon and Transcontinental Company ; but that
company failing to make provision for the intere&t due July 1, 1884, on the Oregon and Cali-
fornia bonds, the road was surrendered to its owners, June 21, 1884, the lessee waiving all
claims to the $400,000 first mortgage and $410,000 second mortgage bonds due to it for tlie
construction of the last 20 miles of road (which bonds were then partly used to provide for
July interest), and also agreeing to resell to this company all the second mortgage bonds
($2,200,000) received by it, for $446,000, payable without interest January 1, 1885. This
company agreed on its part to pay all unsettled balances on construction and other accounts.
On December 22, 1884, the stockholders authorized the completion of the road and an
i?sue of bonds to meet the cost thereof ; also to increase the preferred stock to $15,000,000
and the common to $10,000,000. Default was made January, 1885, on first mortgage bond
coupons, and the road placed in a receiver's hands January 19, 1885.
The "proposed amalgamation with the Central Pacific," as set forth in the MANUAL for
1886, does not appear to have been carried out. In its place the receiver of the Oregon and
California Railroad has communicated the following :
Under an agreement made in March, 1887, first mortgage bonds of this company are being
POOR'S MANUAL — OREGON AND CALIFORNIA RR. CO. 865
exchanged for 110 per cent, in new 5 per cent. 40-year gold bonds, bondholders receiving £4
per $1,000 bond.
It is reported that the Oregon and California RR. will be leased to the Southern Pacific
Company at a rental which shall at least equal the interest on the bonds of the former.
Rolling Stock (December 31, 1886). — Locomotive engines, 43. Cars — passenger, 26 ;
baggage, mail and express, 15 ; freight (box, 373 ; stock, 23 ; platform, 186), 582 ; caboose,
10 ; other, 302— total, 935. Also, 1 transfer boat.
Operations for year ending December 31, 1886. — Train mileage— passenger, 333,589;
freight, 175,162; other, 33,722— total, 542,473 miles. Passengers carried, 286,471 ; carried
one mile, 10,477,394. Tons freight moved, 191,252 ; moved one mile, 15,705,298.
Earnings.— Passenger $876,073 48
Freight 515,480 91
Mail 44,069 46
Express 25,025 88
Other 11,144 56
Total ($2,154.75 per mile) $971,792 29
Expenses.— Maintenance of Way $834,188 71
Maintenance of Cars 42,^34 86
Motive Power 1 19.097 32
Transportation , 81 ,227 80
General 73,857 91
Total ($1,664.32 per mile) $750,608 60
Net earnings (22.76 per cent.), $221,183.69. Other receipts : Land sales, etc., $46,177.18
— net income, $267,360.87. Payments : Interest on 1st mortgage bonds accrued but not paid,
$541,200; sinking fund, $46,155.77; land grant expenses, etc., $48,579.36— total. $685,93r>.l:j.
Balance, deficit, $368,574.26; deficit from last year, $411,393.66; total deficit, $779,967.92.
Funded debt consists of 1st mortgage 6 per cent. 40-year $1,000 gold coupon bonds, due
July 21, 1921, interest January and July ($20,000 per mile), $9,020,000 ; 2d mortgage 7 per
cent. 50-year $1,000 coupon bonds, payable April 1, 1933, interest April and October ($10,000
per mile), $2,610,000.
General Balance Sheet, December 31, 1886.
Construction $21,664.189 87
Equipment 1,474,07910
Real Estate 143,782 22
Land Grant 370,285 89
Stocks and Bonds 2,610,000 00
Bills Receivable and Land Contracts 279,416 47
Sinking Fund 461,766 70
Cash and Accounts 352,573 81
Materials and Fuel 197,30174
Capitalized Debt 6,731,325 95
Profit and Loss 779,907 92
Total Assets ... ... $35,064,749 67
Capital Stock, Common $7,000,000 00
Capital Stock, Preferred 12.000,000 00
FundedDebt 11,630.00000
First Mortgage Bond Interest 1,355,672 81
Oregon and Transcontinental Co 446,000 00
Unpaid Dividends 23,908 10
Called Bonds 37,039 57
Adjust. Lease & Cont. with O. & T. Co. . . 2,430,787 90
Vouchers, Pay Rolls, etc 141,341 29
Total Liabilities $35,004,74967
Annual meeting, second Tuesday in April ; books close 30 days prior thereto. Dividends
are payable to bearer on coupons attached to each certificate of stock. Interest and dividends
payable at New York, London and Frankfort-on-Main. Preferred stock is entitled to 7 per
cent, dividends prior to dividends on common stock, and participating afterwards equally
with common stock ; no encumbrance or sale of property, except by consent of majority of
preferred stock. Trustees of bonds, Farmers' Loan and Trust Company of New York.
Transfer Agent, Secretary of Company, Portland, Oreg.
Land Grant. — The company has a Congressional grant, estimated to be under the various
charters about 3,250,000 acres, of which there had been disposed of up to the close of the
fiscal year about 230,000 acres.
Directors (elected July 23, 1884).— Henry Villard, Berlin ; R. D. Peebles, George II.
Hopkinson, Patrick Buchan, Charles E. Bretherton, London, Eng.; John McCraken, Donald
Macleay, R. Koehler, George H. Andrews, VV. W. Bretherton, Portland, Oregon ; R. P. Ear-
hart, Salem, Oregon.
R. KOEHLER, Receiver and Gen. Manager Portland, Oregon.
GEORGE H. HOPKINSON, President London, England.
Charles E. Bretherton, 7 ice-President London, England.
ZdVice-Pres. & Treas.— G.H.Andrews.. Portland, Oreg. | Secretary— W. W. Bretherton Portland, Oreg.
{Farmers' Loan and Trust Company New York.
London and San Francisco Bank, Limited London.
Deutsche Vereins Bank Frankfort-on-Main.
PRINCIPAL OFFICE AND ADDRESS Portland, Oregon.
55
866 POOR'S MANUAL or RAILROADS.
OREGONIAN RAILWAY COMPANY.
f-n * \ Bay's Landing, Oree., to Coburg, Greg. . . .89 7
Mam Lines of Road : ] Pujquartz> ofe'g-> t(f Air]i6) Oreg^ ^ 55 7
Ballston Branch : Sheridan Junction to Ballston, Oreg 4.3 — 149.6 miles.
Gauge, 3 ft.
History. — This narrow-gauge road is owned by the Oregonian Ry. Co., Limited, a Scotch
corporation, organized in 1879, and having its general office in Dundee, Scotland. The capi-
tal stock is £320,000 (par, £10), of which there have been paid £6 per share, or £192,000.
There are also two issues of 6 per cent, bonds, dated 1880 and 1881, and in amounts £95,000
and £119,700 respectively. On October 1, 1881, the road was leased to the Oregon Railway
and Navigation Co. for 92 years, at an annual rental of £28,000 and £600 for organization ex-
penses. In May, 1884, the lessee repudiated the lease, alleging its invalidity, and refused to
pay the rental then due. On November 15, 1884, the lessee ceased to operate the road, and
surrendered to representatives of the Oregon Ry. Co. In April, 1885, the road was placed
in the hands of a receiver on application of the bondholders. The receiver was authorized
jn May, 1886, to borrow $100,000 to rebuild bridges and put the road in order. In the liti-
gation between this company and the Oregon Ry. and Navigation Co., regarding the validity
of the lease, the Oregon courts, in September, 1886, decided in favor of this company for
£71,500 back rental. In January, 1837, connection was made with the Portland and Willa-
mette Valley road, running from Eay's Landing to Portland, 33.3 miles, and the roads are
now operated as one.
Directors. — T. H. Cox (chairman), P. M. Cochrane, J. Leng and W. Lawson.
C. N: SCOTT, Receiver Woodbum, Oreg.
D. Ferguson, Secretary Dundee, Scot.
OFFICE 107 Murraygate, Dundee, Scotland.
OREGON PACIFIC RAILROAD COMPANY.
Line of Road.— Yaquina Bay, Oreg., to Boise City, Idaho '. 600 miles.
Completed and in operation : Yaquina City to Albany, Oreg 38 miles.
Rolling Stock. — Locomotives, 18. Cars — passenger, 8 ; passenger and baggage, 4 ; bag-
gage, mail and express, 3 ; smoking car, 1 ; boarding cars, 3. Freight cars — gondolas, 100 ;
flat cars, 45 ; caboose, 10 ; box cars, 575 — total freight cars, 720.
Financial Statement. — Capital stock, $30,000 per mile. Funded debt, 6 per cent, gold
bonds, dated October 1, 1880, due October 1, 1900. Interest October 1 and April 1, $25,000
per mile. The mortgage covers over 900,000 acres of lands. All the company's property is
exempt from taxes during the term of the mortgage.
The company has furnished the following statement in reference to the progress of the
work :
"The line was completed to Albany in the autumn of 1886. The War Department delayed the opening of
the bridge across the Willamette River until early in the winter of 1887, thus preventing the company from com-
pleting the mileage contemplated in 1886. From Albany, east, the road will be, by contract, constructed January
1, 1888, over the Cascade Mountains and ten miles beyond, out into the great open wheat country. Between this
•point and the eastern terminus, on Snake Eiver, construction is now and has been actively prosecuted at several
points under separate commands, FO that on the arrival of the steel rails in the spring and summer of Ifc88, there
will be no hindrance to laying rails into track rapidly. The Willamette River being situated between the four
lines of railroad, running north and south through the Willamette Valley, and the Ort'gon Pacific Railroad Com-
pany's sti'amboiits on that liver, proves by last year's business that the river transportation is more satisfactory
and cheaper for freight. This company lias added, this year, to its fleet of river steamboat*, so as to accommo-
date the large business seeking this short, cheap route to the sea by the Oregon Pacific Railroad and Yaquina
T. EGENTON HOGG, President Corvallis, Oreg.
William M. Hoag, 1st Vice-President and Gen. Manager . . .Corvallis, Oreg.
Wallis Nash, 2d Vice-President Corvallis, Oreg.
Norman S. Bentley, 3d Vice-Pres., Asst. Sec. &Asst. Treas. .New York. N. Y.
Secretary— Zephin Job Corvallis, Oreg. | Treasurer— Q. T. M. Davis New York, N. Y.
New York Office. . . . .45 William Street.
POOR'S MANUAL OF RAILROADS. 867
OREGON RAILWAY AND NAVIGATION COMPANY.
Lines of Road. —
Western Division : Portland, Oreg., to Dalles, Greg 87.0 miles.
Columbia Division : Dalles, Oreg., to Wallula Junction, W. T 127.0 miles.
Eastern Division : Wallula Junction to Riparia, W. T 87.0 miles.
Pataha Branch : Starbuck to Pomeroy 29.5 milt- s.
Dayton Branch : Bolles Junction to Dayton, W. T 13.0 miles.
Blue Mountain Branch : Walla Walla to Blue Mountain, Oreg 19.9 miles.
Centreville Branch : Pendleton to Centreville, Oreg 17.1 miles.
Baker City Branch : Umatilla to Huntiugton, W. T 217.5 miles.
Columbia and Palouse Division : Palouse Junction to Colfax 88.8 miles.
Colfax to Moscow 27.8 miles.
Total length of lines operated June 30, 1886 714.6 miles.
Sidings owned, 45 miles; leased, 7.8 miles. Gauges, 4 ft. 8^ in. and 3 ft. Rail (steel, 192.8
miles), 80, 35 and 56 Ibs.
History. — Chartered June 12, 1879 ; business commenced July 1, 1879. This company
is a consolidation of the Oregon Steamship Co., the Oregon Steam Navigation Co., and the
companies owning the railroads built to overcome- the rapids of the Columbia River. At its
formation the company acquired the following mileage : Portage RR. (at the Cascades, 6 ;
from Celilo to The Dalles, 13), 19 miles ; Walla Walla and Columbia River RR., from
Wallula to Walla Walla (n.-g.), 33 miles ; from Whitman to Weston (n.-g.), 15 miles — total,
67 miles. In 1880 the company began the work of extending its railroad lines. To provide
the means for that purpose, the stockholders voted, October 20, 1880, to double the capital
stock, increasing it to $12,000,000. Subsequent additions to the stock for similar purposes
increased it to its present amount, $'24,000,000. On June 30, 1881, tracklaying had been
completed on 145 miles of new road, and the old narrow-gauge lines had been converted to
standard width. Since that time and up to Sept. 1, 1886, the extensions were rapid, the
total mileage at that date being 742.1 miles. The completion of the Baker City Branch to
Huntington and a connection with the Oregon Short Line was formally effected November
25, 1884, and on the 1st of December, same year, the fourth transcontinental route between
the Atlantic and Pacific Oceans was established.
In April, 1884, the company purchased the outstanding stock and bonds of the Columbia
and Palouse RR. Co. for $2,489,520. The Columbia and Palouse RR., extending from Palouse
Junction to Colfax, Wash., 88.8 mile?, was built by the Oregon and Transcontinental Co. in
1883. An extension of the road from Colfax to Moscow, Idaho, 28£ miles, was completed
early in October, 1885. About the same time the company began the construction of two new
branches, one from Starbuck, Wash., to Pomeroy and Pataha. about 31 miles, and the other,
the Farmington branch of the Columbia and Palouse RR., running northerly from Colfax
about 25 miles. The former was completed about January 1, 1886.
In addition to its lines of railroad the company operates steamship lines as follows :
Ocean line— San Francisco to Portland, 670 miles ; Puget Sound lines — between Tacoma
Olympia, Seattle, Victoria, and other Sound points, 238 miles; River lines — on the Willam-
ette, between Portland and Eugene, 172 miles ; on the Willamette and Columbia Rivers,
between Portland and Astoria, 98 miles, and between Portland and the Lower Cascade, 63
miles ; on the Columbia River, between the Upper Cascades and The Dalles, 51 miles, and
between Celilo and Priest's Rapids, 205 miles; and on the Snake River, between Texas Ferry
and Lewiston, 78 miles— total river lines, 667 miles.
In April, 1887, a lease to the Oregon Short Line RR. Co., guaranteed by the Union
Pacific RR. Co., was made on the basis of 6 per cent, per annum on the Oregon Ry. and
Navigation Co.'s stock.
Rolling Stock, June 30, 1886. -Locomotive engines, 74. Cars— passenger, 30 ; baggage,
mail and express, 12; freight (box, 803-; stock, 50; platform and coal, 480; narrow-gauge
flat, 16), 1,349 ; official, 5 ; caboose, 18 ; service, 4— total on RR. division, 1,418 cars. The
company also owns the following narrow-gauge rolling stock in use ou the Cascades Portage,
868
POOR'S MANUAL— OREGON RY. AND NAVIGATION CO.
operated in connection with the River Division : Locomotives, 2; cars — passenger, 2 ; ca-
boose, 2 ; box, 29 ; flat, 33— total, 66.
Floating Stock. — Ocean Division — 6 iron steamships and 1 coal barge; River Division —
23 steamboats, 1 steam launch, 10 barges, 7 wharf boats ; Puget Sound Division — 8 steam-
boats and 1 barge.
Operations for year ending June 30, 1886 (RR. Division, 576 miles). — Passengers carried,
149,548 ; carried one mile, 18,936,023 ; average rate per mile, 3.27 cmts. Freight moved,
612,054 ; moved one mile, 134,111,375 tons ; average rate per mile, 2.29 cents. Gross earn-
ings ($6,815.11 per mile), $3,925,503.94. Operating expenses ($3,223.98 per mile), $1,857,-
015.25. Net earnings (52.70 per cent.), $2,068,488.69.
Earnings, expenses, etc., of all divisions, were as follows :
Ocean
Division.
River
Division.
Puget So'nd
Division.
ColnmbiaA
Pal'useDiv.
Railroad.
Division.
Total.
Earnings Passenger
$
238,496 62
465.192 33
16,559 55
36,569 31
$
87,958 53
284,K33 3»i
13,434 29
23,575 51
$
129,204 58
54,049 23
44,891 98
16701
s
18,84889
199,010 04
7,492 83
15418
8
619,134 27
3.0G8,702 47
169.216 61
68,45059
9
1,093,042 89
4,072.387 43
251,59526
128,916 60
Freight
Mail and Express. ..
Miscellaneous
Total Earnings
756,817 81
473,917 67
282,900 14
62. 60 p. c.
409,801 69
374,599 97
35,201 72
91. 40 p. C.
228,312 80
197,61238
30,7'00 42
86. 60 p. C.
226,105 94
78,907 81
147.198 13
34. 90 p. c.
3,925,503 94
1,857,015 25
2.06S.488 69
47.30 p. c.
5.546,542 18
2.9S2.053 08
2,564,489 10
53. 80 p. C.
Operating Expenses
Net Earnings
Expenses to Earnings
Net earnings, $2,564,489.10. Other receipts : Rents, $4,155.30 ; sale of town lots at La
Grande, $1,067.75— total, $5,223.05. Net income, $2,569,712.15. Payments : Taxes, $104,-
443.72 ; interest on first mortgage bonds, $339,000 ; on scrip certificates, $32,000 ; on de-
bentures, $300,233.53; on consols, $79,055.80; general interest account balance, $14,079.19 ;
sinking fund, $81,000; rentals, $1,731.09; Trust Company expenses, $5,475: legal expenses,
$10,719.65 ; betterments, $52,106.13; dividends (Oct. 1, 1885, H per cent., Jan. 1, 1886, 2 per
cent., April and July 1, 1886, !•£ per cent, each), $1,560,000— total, $2,579,844.11. Deficit to
profit and loss, $10,131.96.
Profit and Loss Account, June 30, 1886.
* Credit Balance, June 30, 1885 $1,130,957 50
Discount on Note, Bethlehem Iron Co
217 90
Total Credits $1,131,175 40
Balance of H. Villard's Account, Settled.. $254,358 86
Balance of Income Account 10,131 96
Credit Balance, June 30, 1886 866,684 58
Total Debits $1,131,175 40
Sinking Fund Statement, June 30, 1886. — Cash in hands of trustees, June 30, 1885,
$65,967.07 ; received by the trustees during the year, $81,000— total, $140,967.07. Con-
tra: Accrued fund, $21,700; cash in trustees' hands, June 30,1886, $125,267.07. By the
terms of the sinking fund for the retirement of the first mortgage bonds, the company is re-
quired, under the original mortgage, to pay to the trustees, for the purchase and cancellation
of bonds, the sum of $60,000 per annum, payable semi-annually, May 1 and Nov. 1 ; and
under the supplementary mortgage an additional sum must be paid to the trustees, January
1 and July 1 of each year, which shall be equal to the interest which would have accrued
on the bonds in the sinking fund on those respective dates, had they not been cancelled.
The trustees may purchase the bonds at any time during the year at a price not to exceed 110
flat, but failing to procure them at or below that price, they are required to apply the funds
in their hands to the redemption of the bonds at par, selected by lot, on the first day of Jan-
uary in each year.
* This balance is made as follows : Balance from last year, $1,107,777.50 : add two months' charges Orego-
nian Railway, charged to profit and loss account in 1884, but now credited back, $23,180— total, $1,130,957.50.
POOR'S MANUAL— OREGON RY. AND NAVIGATION CO. 869
General Balance Sheet, June 80, 1886.
Construction RR. Ocean and River $80,102,914 81
Equipment, Ruilroad 2,831,51961
Lands— Powder River and Pal. Country.. 518,781 60
RealEstate 818,117 no
Stocks, Bonds, etc 4,536,763 30
Materials and Supplies on Hand 600,190 10
Bills Receivable 22,24261
Accounts Receivable— Railroads 163,929 90
Miscellaneous Accounts Receivable 584,990 18
Trustee, 1st Mortgage Sinking Fund 125,267 07
Litigation Indemnity 800,00000
Cash Accounts 890,560 06
Total Assets $40,935,27660
Capital Stock $24,000,000 00
Fii>t Mortgage Bonds 5,610,000 00
Scrip Certificates 89,670 00
Debenture Bonds 5.000,000 00
Consolidated Mortgage Bonds 8,225,000 00
Bills Payable 800,000 00
Accrued Interest, Sinking Fund, etc 122,637 50
Unpaid Vouchers and Pay-Rolls 413,571 71
Sundry Accounts 855,753 24
Unpaid Coupons and Dividends 38,392 50
Dividend Payable July 1, 1886 860,000 00
Coupon Payable July 1, 1886 168,300 CO
Sinking Fund Bonds Cancelled 435,267 07
Profit and Loss 866,68458
Total Liabilities $40,935,276 60
Annual meeting, third Wednesday in June. Books close for annual meeting May 25th,
1887, and reopen June 21st, 1887. Stock and bonds listed on New York Stock Exchange.
Funded debt consists of 1st mortgage 6 per cent. 30-year bonds, due July 1, 1909, inter-
est payable January and July ($6,000,000 authorized), $5,610,000 ; debenture 7 per cent. 8-
year bonds, due April 1, 1887, interest payable April and October ($6,000,000 authorized),
$5,000,000 ; consolidated mortgage 5 per cent. 40-year bonds, due June 1, 1925, interest pay-
able June and December (authorized issue, $25,000 per mile), $3,225,000. Scrip certificates
bear 8 per cent, for 5 years, $600,000 from November 1, 1880, and $600,000 from November
1, 1881 ; issued for 10 per cent, dividend. The debenture bonds were issued to meet the
cost of constructing the Baker City Branch.
At the close of the fiscal year $3,625,000 of consolidated mortgage bonds were issued and
applied as follows: $1,000,000 for retiring unsold debenture bonds pledged as collateral for
floating debt, $1,200,000 for retiring scrip bearing 8 per cent, interest ; $1,025,000 for con-
struction of the Moscow, Patahaand Farmington branches; issued, but unsold, $400,000 —
total, $3,625,000.
The $1,000,000 unsold debentures have been cancelled, and the floating debt entirely
paid. It will be necessary to provide for $5,000,000 debenture bonds, which fall due April 1,
1877. To meet this negotiations are in progress for the sale of an equal amount of consoli-
dated mortgage bonds.
Judgments for three more instalments of rental have been rendered against this company
in the suit of the Oregonian Ry. Co., in the U. S. District Couro for Oregon, for about $210,-
000.
Negotiations for a joint lease of this property to the Northern Pacific and Union Pacific
RR. Cos. have fallen through, owing to a disagreement concerning the terms. The Union
Pacific Ry. Co., acting separately, has resumed negotiations, and it^is probable that an agree-
ment will be concluded at an early day.
Annual meeting, third Monday in June, at Portland, Oregon. Books close about 25
days prior thereto, and reopen about June 21st. Dividends payable January, April, July and
October 1, at the treasurer's office, New York, N. Y. Dividends declared generally twenty
days before payment ; books reopen day after payment. Whole number of dividends paid
to date, 30. Voting power attaches to stock if held at time of closing of transfer books.
Trustee of bonds and registrar of stock, Farmers' Loan and Trust Co., New York, N. Y.
Board of Directors 0. Ry. & N. Co., elected June 20, 1887.
W. S. Ladd Portland, Or.
John Dennison Boston, Mass.
Christopher Meyer.New York, N. Y.
Charles L. Colby... Milwaukee, Wis.
John H. HaU New York, N. Y.
Elijah Smith New York, N. Y.
Colgate Hoyt New York, N. Y.
William M. Ladd Portland, Or.
C. A. Dolph Portland, Or.
C. H. Prescott Portland, Or.
Henry Failing Portland, Or.
H. W. Corbett Portland, Or.
D. P. Thompson Portland, Oregon.
ELIJAH SMITH, President New York, N. Y.
Vice-Prefi'lent and Manager— -T. J. Potter Omsha. I Sec. <fc Axst. Treru>.—Tbeo. Wygant.. Portland, Oregon.
Treas. and Afs't. Sec.—C. J. Smith . . . New York, N. Y. | Comptroller— S. B. Willey Portland, Oregon.
PKINCIPAL OFFICE AND ADDRESS Portland, Oregon.
Financial Office Mills Building, New York.
870 POOR'S MANUAL OF RAILROADS.
PACIFIC COAST RAILWAY COMPANY.
Line of Road. — Port Harford, Cal., to Los Alamos, Cal 63.8 miles.
Sidings, etc., 3.3 miles. Gauge, 3 ft. Rail (steel, 55 miles), 35 Ibs.
History. — Consolidation September 22, 1882, of the San Luis Obispo and Santa Maria Val-
ley RR. Co. (chartered April 22, 1875 ; road opened between Port Harford and San Luis
Obispo in 1876 ; extended to Arroyo Grande October 16, 1881 ; to Santa Maria in June, 1882),
and the Pacific Coast Railway Co., chartered April 18, 1882. The road was extended from
Santa Maria to Los Alamos October 11, 1882. This company is controlled by the Oregon Im-
provement Co. An extension from Los Alamos southward to Santa Barbara, 40 miles, is now
(April, 1886), being surveyed.
Rolling1 Stock, November 30, 1886. — Locomotive engines, 5. Cars — passenger, 3 ; bag-
gage, etc., 1 ; freight (box, 18; stock, 10; platform, 150), 178— total, 182. Also 2 caboose
and 21 other cars.
Operations for year ending November 30, 1886. — Train mileage not reported. Passen-
gers carried, 29,635 ; carried one mile, 529,454. Tons freight moved, 54,552 ; moved one
mile, 1,514,110. Earnings — passenger, $28,466.55 ; freight, $101,711.85 ; mail and express,
$3,448.91 ; wharf and other, $25,093.76— total, $158,721.07. Expenses— transportation, etc. ,
$30,623.99 ; motive power and cars, $21,954.73 ; maintenance way, $42,585.61 ; general,
$11,808.76— total, $158,721.07. Net earnings (33.99 per cent.), $51,747.98 ; add interest on
bills, $348.86— total available revenue, $52,096.84. Paid 6 per cent, interest on bonds, $68,-
940. Deficit, $16,843.16 ; surplus from last year, $37,631.04— surplus to date, $20,787.88.
Financial Statement, November 30, 1886.— Capital stock, $1,170,000; funded debt, 1st
mortgage 6 per cent. 40-year $1,000 coupon bonds, due September 1, 1922, interest March and
September, $1,149,000 ; current accounts, $19,531 .79 ; profit and loss, $20,787.88— total,
$2,359,319.67. Contra: Cost of road, equipment, etc., $2,051,883.24; stocks and bonds,
$8,000 ; materials and supplies, $20,732.70 ; cash and bills, $6,694 ; current accounts, $3,-
860.18 ; Oregon Improvement Co., $268,148.80— total, $2,359,319.67.
Directors. — Charles Goodall, George C. Perkins, John Rosenfield, William Norris, J. L.
Howard, San Francisco, Cal.
CHARLES GOODALL, President San Francisco, Cal.
Geo. C. Perkins, Vies- President San Francisco, Cal.
Treasurers— Goodall, Perkins & Co . . San Francisco, Cal. | Secretary— Edwin Goodall San Francisco, Cal.
PRINCIPAL OFFICE AND ADDKESS San Francisco, Cal.
PARK AND OCEAN RAILROAD COMPANY.
Line of Road. — Intersection of Haight and Stanyan Streets to 49th Avenue
and B Street 3.95 miles.
Sidings, etc., 4.62 miles. Gauge, 4 ft. 8£ in. Rail (steel, 4.62 miles), 35 and 40 Ibs.
History. — Chartered July 5, 1883; road opened December 1, 1883.
Rolling Stock. — Locomotive engine's, 4. Cars— passenger, 16.
Operations, — Not reported. Road leased to Market Street RR. Co.
Annual meeting, first Wednesday following the second Tuesday of July.
Directors (elected July 5, 1883). — George Crocker, Ariel Lathrop, Timothy Hopkins, J.
L. Willcutt, C. E. Green, San Francisco, Cal.
GEOHGE CROCKEK, President San Francisco, Cal.
Ariel Lathrop, Vice-President San Francisco, Cal.
Treasurer— Timothy Hopkins San Francisco, Cal. | Secretary— J. L. Willcutt San Francisco, Cal.
PRINCIPAL OFFICE AND ADDRESS. N. E. cor. 4th & Townsend Sts., San Francisco, Cal.
POOR'S MANUAL OP RAILROADS. 871
PITTSBURG RAILROAD COMPANY.
Line of Road.— Pittsburg, Cal., to Somerville, Cal 5.33 miles.
Sidings, 0.53 mile. Gauge, 4 ft. 8fc in. Rail, 46J Ibs.
History. — Chartered January 23, 1862. Road completed and opened in March , 1866.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 1 ; platform, 3 ; coal, 32 ;
other, 3— total, 39.
Operations. — This road is being operated under lease to a very limited extent in connec-
tion with a coal mine. The company is still in debt, without any immediate prospect of
liquidating same except by sale of road and property.
Financial Statement, December 81, 1881 (latest furnisJied).— Capital stock, $225,000 ;
profit and loss, $30,781.41— total, $255,781.41. Contra: Construction, $188,365.26; equip-
ment, $63,303.97 ; other items and cash assets, $4,112.18.
Directors. — J. Baker, Charles J. Deering, Oakland, Cal.; Charles J. Merrill, Boston,
Mass.; Samuel Baker, Oakland, Cal.; C. C. Baker, Somerville, Cal.
J. BAKER, President San Francisco, Cal.
Vice-President— C. J. Deering Oakland, Cal. | Secretary— Samuel Baker Oakland, Cal.
PRINCIPAL OFFICE AND ADDRESS 202 Sacramento St., San Francisco, Cal.
PORTLAND AND WILLAMETTE VALLEY RAILWAY COMPANY.
Main Line of Road. — Portland, Oreg., to Dundee Junction -r 28.5 miles.
TJ ^ j Dundee Junction to Willamette River Falls, Oreg 6.0 miles.
' j Salem, Oreg., to East Side Junction, Oreg 9.0 miles.
43.5 miles.
Total length of line operated (Dundee Junction to Elk Rock, Oreg.) 23.0 miles.
Gauge, 3 ft. Rail (steel), 40 Ibs.
History. — Chartered January 19, 1885. This road when completed will form part of a
narrow-gauge system, 160 miles of which is already constructed and in operation in Willam-
ette Valley, and extend the same to Portland, Oreg. Line opened January 1, 1887. Pend-
ing extension of rails, this company operates to Portland (5i miles) by steamer. It also
operates a steamboat line on the Upper Willamette River in connection with its southerly
terminus near Dundee Junction. Roadbed and bridges constructed for standard gauge.
Rolling Stock. — Locomotive engines, 2. Cars — passenger, 3; baggage, 1 ; freight, 20 —
total, 24.
Operations. — Not reported.
Financial Statement.— Capital stock, $150,000 ; funded debt, $400,000 fjret mortgage 7
per cent. 20-year bonds, due Julyl, 1906, interest January and July. The company reserves
the ri"-ht to call in the bonds at 105. Estimated cost of completed road with granaries, and
terminal facilities, $544,448. Trustee of bonds, Farmers' Loan and Trust Co., New York,
N. T., at whose office interest is payable.
Directors (elected June 8, 1887). — Chas. F. Crocker, Timothy Hopkins, W. V. Hunting-
ton, San Francisco, Cal.; Wm. Reid, F. S. Brandegee, Jno. McCraken, C. J. McDougall,
Portland, Oreg.
CHAS. F. CROCKER, President San Francisco, Cal.
1st Vice-President— Wm. Eeid Portland, Oreg. Id Vice-Pres.— Timothy Hopkins — San Francisco, Cal.
Secretary and Treasure1) — Ed. Wilcox.. Portland, Oreg. Superintendent— Charles V. Scott Portland, Oreg.
PRINCIPAL OFFICE AND ADDRESS Portland, Oreg.
PRESCOTT AND ARIZONA CENTRAL RAILWAY. COMPANY.
Line of Road.— Fresco tt Junction, Ariz., to Prescott, Ariz 73 miles.
Sidings. 1.63 miles. Gauge, 4 ft. 8£ in.
History. Chartered June, 1885. Road opened December 81, 1886.
Rolling Stock, December 31, 1886. — Locomotive engines, 2 ; cars — passenger, 1 ; bag-
e, mail, etc., 1 ; freight (box, 5 ; platform, 20 ; coal, 5), 30— total, 32. Of the foregoing
gage
872 POOR'S MANUAL OF RAILROADS.
1 locomotive engine, 5 box, 10 platform and 5 coal cars liave been acquired through car
trust.
Financial Statement, June 1, 1887.— Capital stock (par, $100), $1,200,000; funded debt,
$775,000 first mortgage 6 per cent. $1,000 coupon bonds, due 1916, interest January and July;
$775,000 second mortgage income 6 per cent. $1,000 coupon bonds, due 1916, interest January
and July ; current accounts, $4,000 ; car trusts, $9,000 ; profit and loss, $22,021.80— total,
$2,785,021.80. Contra : Cost of road and equipment, $2,725,000 ; real estate, $22,500 ; other
property and assets, $9,500 ; cash and accounts, $28,021.80.
Annual meeting, first Monday in November. Voting power attaches to stock after ten
days' ownership. Books close 10 days prior to annual meeting and the same length of time
before dividend payments. Trustee of bonds : Central Trust Company, New York, N. Y.
Directors. — H. C. Nutt, Geo. O. Manchester, Boston, Mass.; E. T. Smith, Williams,
Ariz.; T. S. Bullock, F. A. Trittle, Win. E. Hazeltine, Wm. N. Kelley, T. J. Butler, L. Bash-
ford, Prescott, Ariz.
T. S. BULLOCK, President 42 Wall Street, New York, N. Y.
F. A. Trittle, Vice-President Prescott, Ariz.
Treasurer— -W '. E. Hazeltine Prescott, Ariz. | Secretary— W. N. Kelley Prescott, Ariz.
PRINCIPAL OFFICE AND ADDRESS Prescott, Ariz.
Transfer Office 42 Wall St., New York, N. Y.
RUBY HILL RAILROAD COMPANY.
Line of Road. — Eureka, Nev., to Ruby Hill, Nev 7 miles.
Sidings, etc., 2 miles. Gauge, 3 ft. Rail (steel), 35 Ibs.
Rolling1 Stock. — Locomotive engines, 2 ; ore cars, 30.
Operations. — All information refused.
Financial Statement. — Capital stock, $150,000. Contra : Cost of road, $144,000 ; equip-
ment, $32,452.50; real estate, $6,000— total, $150,000.
P. EVERTS, President Eureka, Nev.
Secretary— E. F. Oatman Eureka, Nev. | Treasurer — Frank Miller Eureka, Nev.
PRINCIPAL OFFICE AND ADDRESS Eureka, Nev.
SACRAMENTO AND PLACERVILLE RAILROAD COMPANY.
Line of Road. — Sacramento, Cal., to Shingle Springs, Cal 47.71 miles.
Sidings, etc., 6.81 miles. Gauge, 4 ft. 8£ in. Rail (steel, 5.47 miles), 50 Ibs.
History. — Consolidation April 19, 1877, of the Sacramento Valley, incorporated August
14, 1852, and opened from S. to Folsom (23 m.), February 22, 1856, and the Folsom and Placer-
ville, incorporated September 29, 1876, and opened from F. to S. Springs (25 m.) on June 20,
1865. These lines had been operated together »nce April 1, 1873. The Placerville and Sac-
ramento Valley RR. was sold, and eventually came into possession (by purchase) of this com-
pany.
Rolling Stock, December 31, 1886. — Locomotive engines, 3. Cars — baggage, etc., 2 ;
freight (box, 30 ; platform, 8), 38. Total cars, 40. Also, 18 service cars.
Operations for year ending December 31, 1886. — Not reported. Earnings — passenger,
$35,291.56; freight, $75,500.64 ; mail and express, $4,775.34 ; other, $14,342.52— total, $129,-
910.06. Operating expenses, $86,351.55. Net earnings, $43,558.51. Payments : Interest on
bonds, $63,120 ; bonds redeemed, $305,040— total, $374,796.16. Deficit, $324,601.49 ; surplus
from last year, $300,634.03. Balance, deficit, $23,967.46.
Financial Statement, December 31, 1886.— Capital stock (authorized, $2,000,000), $1,-
756,000 ; funded debt 1st mortgage (Sacramento and Placerville RR.), 6 per cent. 30-year cou-
pon $1,000 bonds due July 1, 1907. interest Jannary and July (authorized, $1,675,000), $1,404,-
000; current accounts, $59,582.50— total, $3,219,582.50. Contra : Cost of road, $3,052,444.49 ;
POOR'S MANUAL OF RAILROADS. 873
current accounts, $94,044.79; sinking fund, 1st mortgage bonds, $49,125.76; profit and loss,
$23,967.46— total, $3,219,582.50.
Annual meeting first Wednesday after second Tuesday of April. Trustees of 1st mort-
gage Sacramento and Placerville RR. Co., Eugene Kelly and Henry B. Laidlaw.
Directors (elected April 13, 1887). — Lcland Stanford, Charles F. Crocker, Timothy Hop-
kins, W. V. Huntington, San Francisco, Cal. ; C. P. Huntington, New York, N. Y.
LELAND STANFORD, President San Francisco, Cal.
Chas. F. Crocker, Vice- President San Francisco, Cal.
Treasurer— Timothy Hopkins San Francisco, Cal. | Secretary— W. V. Huntington San Francicco, Cal.
PRINCIPAL OFFICE AND ADDRESS San Francisco, Cal.
SAN FRANCISCO AND NORTH PACIFIC RAILROAD COMPANY.
Main Line of Road. — Point Tiburon, Cal., to Cloverdale, Cal 84.50 miles.
•RrnnM^a • J Fulton, Cal., to Guerneville, Cal 16.00
' | Donahue, Cal., to Junction (Petaluma), Cal 8.00— 24.00 miles.
Total length of lines 
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